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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

For financial assets and liabilities measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at December 31, 2018 and December 31, 2017 are as follows:

 

       December 31, 2018
Fair Value Measurements at Reporting Date Using		 
   Total Fair Value   Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
(dollars in thousands)                
Recurring fair value measurements:                    
Assets                    
Investment securities:                    
Available-for-sale:                    
Federal agency obligations  $44,955   $-   $44,955   $- 
Residential mortgage pass-through securities   185,204    -    185,204    - 
Commercial mortgage pass-through securities   3,874    -    3,874    - 
Obligations of U.S. states and political subdivision   139,185    -    129,808    9,377 
Corporate bonds and notes   25,813    -    25,813    - 
Asset-backed securities   9,691    -    9,691    - 
Certificates of deposit   322    -    322    - 
Other securities   2,990    2,990    -    - 
Total available-for-sale  $412,034   $2,990   $399,667   $9,377 
                     
Equity securities   11,460    11,460    -    - 
Derivatives   1,159    -    1,159    - 
Total assets  $424,653   $14,450   $400,826   $9,377 

 

       December 31, 2017
Fair Value Measurements at Reporting Date Using		 
   Total Fair Value   Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
(dollars in thousands)                
Recurring fair value measurements:                    
Assets                    
Investment securities:                    
Available-for-sale:                    
Federal agency obligations  $56,022   $-   $56,022   $- 
Residential mortgage pass-through securities   181,891    -    181,891    - 
Commercial mortgage pass-through securities   4,054    -    4,054    - 
Obligations of U.S. states and political subdivision   131,128    -    121,496    9,632 
Trust preferred securities   4,671    -    4,671    - 
Corporate bonds and notes   29,693    -    29,693    - 
Asset-backed securities   12,050    -    12,050    - 
Certificates of deposit   625    -    625    - 
Equity securities   11,728    11,728    -    - 
Other securities   3,422    3,422    -    - 
Total available-for-sale  $435,284   $15,150   $410,502   $9,632 
Derivatives   798    -    798    - 
Total assets  $436,082   $15,150   $411,300   $9,632 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

For assets measured at fair value on a non-recurring basis, the fair value measurements at December 31, 2018 and December 31, 2017 are as follows:

 

       Fair Value Measurements at Reporting Date Using 
Assets measured at fair value on a nonrecurring basis:  December 31,
2018		   Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
Impaired loans:  (dollars in thousands) 
Commercial real estate  $1,481   $-   $-   $1,481 
Residential   231    -    -    231 
                     
       Fair Value Measurements at Reporting Date Using 
Assets measured at fair value on a nonrecurring basis:  December 31,
2017		   Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
Impaired loans:  (dollars in thousands) 
Commercial real estate  $1,094   $-   $-   $1,094 
Fair Value, by Balance Sheet Grouping [Table Text Block]

The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments as of December 31, 2018 and December 31, 2017:

 

           Fair Value Measurements 
   Carrying
Amount		   Fair
Value		   Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)		   Significant
Other
Observable
Inputs
(Level 2)		   Significant
Unobservable
Inputs
(Level 3)		 
   (dollars in thousands) 
December 31, 2018                         
Financial assets:                         
Cash and due from banks  $172,366   $172,366   $172,366   $-   $- 
Investment securities available-for-sale   412,034    412,034    2,990    399,667    9,377 
Restricted investment in bank stocks   31,136    n/a    n/a    n/a    n/a 
Equity securities   11,460    11,460    11,460    -    - 
Net loans (1)   4,506,138    4,402,878    -    -    4,402,878 
Derivatives   1,159    1,159    -    1,159    - 
Accrued interest receivable   18,214    18,214    -    2,064    16,150 
                          
Financial liabilities:                         
Noninterest-bearing deposits   768,584    768,584    768,584    -    - 
Interest-bearing deposits   3,323,508    3,320,640    1,957,503    1,363,137    - 
Borrowings   600,001    598,598    -    598,598    - 
Subordinated debentures   128,556    132,426    -    132,426    - 
Accrued interest payable   6,764    6,764    -    6,764    - 
                          
December 31, 2017                         
Financial assets:                         
Cash and due from banks  $149,582   $149,582   $149,582   $-   $- 
Investment securities available-for-sale   435,284    435,284    15,150    410,502    9,632 
Restricted investment in bank stocks   33,497    n/a    n/a    n/a    n/a 
Loans held-for-sale   24,845    24,845    -    370    24,475 
Net loans   4,139,708    4,118,542    -    -    4,118,542 
Derivatives   798    798    -    798    - 
Accrued interest receivable   15,470    15,470    -    2,051    13,419 
                          
Financial liabilities:                         
Noninterest-bearing deposits   776,843    776,843    776,843    -    - 
Interest-bearing deposits   3,018,285    3,018,285    1,842,151    1,176,134    - 
Borrowings   670,077    669,680    -    669,680    - 
Subordinated debentures   54,699    57,340    -    57,340    - 
Accrued interest payable   3,707    3,707    -    3,707    - 

 

(1)ASU 2016-01 requires the use of an exit price in fair value disclosures. Historically (prior to January 1, 2018) the Company used an entry price in the estimate of fair value loans.
Fair Value, Recurring basis [Table Text Block]

The tables below present a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2018 and year ended December 31, 2017:

 

   Municipal
Securities		 
   (dollars in thousands) 
Beginning balance, January 1, 2018  $9,632 
Principal paydowns   (255) 
Ending balance, December 31, 2018  $9,377 
      
   Municipal
Securities		 
   (dollars in thousands) 
Beginning balance, January 1, 2017  $18,218 
Principal paydowns   (8,586) 
Ending balance, December 31, 2017  $9,632 
Significant unobservable inputs used in fair value measurements [Table Text Block]

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a recurring basis at December 31, 2018 and December 31, 2017. The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

 

December 31, 2018

   Fair Value   Valuation
Techniques		  Unobservable
Input		  Range 
Securities available-for-sale:      (dollars in thousands)       
Municipal securities  $9,377   Discounted cash flows  Discount rate   2.9% 

 

December 31, 2017

   Fair Value   Valuation
Techniques		  Unobservable
Input		  Range 
Securities available-for-sale:      (dollars in thousands)       
Municipal securities  $9,632   Discounted cash flows  Discount rate   2.9% 
Fair Value Measurements, Nonrecurring [Table Text Block]

The following methods and assumptions were used to estimate the fair values of the Company’s assets measured at fair value on a non-recurring basis for the periods presented. The tables below provide quantitative information about significant unobservable inputs used in fair value measurements within Level 3 hierarchy.

 

December 31, 2018

(dollars in thousands)  Fair Value   Valuation
Techniques		  Unobservable
Input		  Range (weighed average)
Impaired loans:              
Commercial real estate  $1,481   Appraisals of collateral value  Comparable sales  6% - 9% (8%)
               
Residential  $231   Appraisals of collateral value  Comparable sales  0% - 10% (5%)

 

December 31, 2017

(dollars in thousands)  Fair Value   Valuation
Techniques		  Unobservable
Input		  Range (weighed average)
Impaired loans:              
Commercial real estate  $1,094   Appraisals of collateral value  Comparable sales  0% - 10% (5%)