Disclosures About Fair Value of Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements of Assets and Liabilities Recognized in Consolidated Condensed Balance Sheets Measured at Fair Value

The following table presents the fair value measurements of assets and liabilities recognized in the Consolidated Condensed Balance Sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2014, and December 31, 2013.

			Fair Value Measurements Using:
June 30, 2014	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available for sale securities:
U.S. Treasury	$	16,013		$	16,013
U.S. Government-sponsored agency securities	3,277			3,277
State and municipal	246,707			239,972		$	6,735
U.S. Government-sponsored mortgage-backed securities	346,687			346,687
Corporate obligations	794					794
Equity securities	1,706			1,702		4
Interest rate swap asset	2,763			2,763
Interest rate cap	202			202
Interest rate swap liability	4,814			4,814

			Fair Value Measurements Using:
December 31, 2013	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available for sale securities:
U.S. Treasury	$	15,973		$	15,973
U.S. Government-sponsored agency securities	3,545			3,545
State and municipal	230,987			223,752		$	7,235
U.S. Government-sponsored mortgage-backed securities	281,252			281,252
Corporate obligations	2,738					2,738
Equity securities	1,706			1,702		4
Interest rate swap asset	3,619			3,619
Interest rate cap	390			390
Interest rate swap liability	3,953			3,953

Reconciliation of Beginning and Ending Balances of Recurring Fair Value Measurements Recognized in Consolidated Condensed Balance Sheets using Significant Unobservable Level 3 Inputs

The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the Consolidated Condensed Balance Sheets using significant unobservable (Level 3) inputs for three and six months ended June 30, 2014, and 2013.

	Available for Sale Securities
	Three Months Ended June 30, 2014			Three Months Ended June 30, 2013		Six Months Ended June 30, 2014			Six Months Ended June 30, 2013
Balance at beginning of the period	$	11,494		$	17,678	$	9,977		$	18,328
Total realized and unrealized gains and losses:
Included in net income
Included in other comprehensive income	835			140		2,893			(35		)
Purchases, issuances and settlements
Transfers in/(out) of Level 3
Principal payments	(4,796		)	97		(5,337		)	(378		)
Ending balance	$	7,533		$	17,915	$	7,533		$	17,915

Description of Valuation Methodologies Used for Instruments Measured at Fair Value on a Non-Recurring Basis and Recognized in Consolidated Condensed Balance Sheets

The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2014, and December 31, 2013.

			Fair Value Measurements Using
June 30, 2014	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	12,049			$	12,049
Other real estate owned	$	5,047			$	5,047

			Fair Value Measurements Using
December 31, 2013	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable  Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	12,117			$	12,117
Other real estate owned	$	6,877			$	6,877

Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements Other Than Goodwill

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at June 30, 2014.

	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted-Average)
State and municipal securities	$	6,735	Discounted cash flow	Maturity/Call date	1 month to 18 yrs
				Blend of US Muni BQ curve	A- to BBB-
				Discount rate	1% - 6%
Corporate obligations/Equity securities	$	798	Discounted cash flow	Risk free rate	3 month LIBOR
				plus Premium for illiquidity	plus 200bps
Impaired loans (collateral dependent)	$	12,049	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0% - 50% (1%)
Other real estate owned	$	5,047	Appraisals	Discount to reflect current market conditions	0% - 20% (5%)

Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Corporation’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2014, and December 31, 2013.

			June 30, 2014
			(unaudited)
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and due from banks	$	115,891	$	115,891
Interest-bearing time deposits	27,856		27,856
Investment securities available for sale	615,184				$	607,651	$	7,533
Investment securities held to maturity	598,903				577,251		34,911
Mortgage loans held for sale	7,370				7,370
Loans	3,654,366						3,622,231
Federal Reserve Bank and Federal Home Loan Bank stock	43,127				43,127
Interest rate swap and cap asset	2,965				2,965
Interest receivable	18,341				18,341
Liabilities:
Deposits	$	4,329,610	$	3,292,460	$	1,019,785
Borrowings:
Federal funds purchased	100,000				100,000
Securities sold under repurchase agreements	133,137				133,150
Federal Home Loan Bank advances	220,765				221,342
Subordinated debentures and term loans	126,874				84,090
Interest rate swap liability	4,814				4,814
Interest payable	2,489				2,489

			December 31, 2013
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
			(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and due from banks	$	109,434	$	109,434
Interest-bearing time deposits	55,069		55,069
Investment securities available for sale	536,201				$	526,224	$	9,977
Investment securities held to maturity	559,378				525,998		34,849
Mortgage loans held for sale	5,331				5,331
Loans	3,564,539						3,506,615
Federal Reserve Bank and Federal Home Loan Bank stock	38,990				38,990
Interest rate swap and cap asset	4,009				4,009
Interest receivable	18,672				18,672
Liabilities:
Deposits	$	4,231,468	$	3,082,117	$	934,937
Borrowings:
Federal funds purchased	125,645				125,645
Securities sold under repurchase agreements	148,672				148,852
Federal Home Loan Bank advances	122,140				122,962
Subordinated debentures and term loans	126,807				82,607
Interest rate swap liability	3,953				3,953
Interest payable	1,771				1,771