Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

Assets and Liabilities Measured on a Recurring Basis

	Level 1		Level 2		Level 3		Total Fair
September 30, 2016	Inputs		Inputs		Inputs		Value
	(In Thousands)
Available for sale securities:

Obligations of U.S. government corporations and agencies	$	-	$	2,001	$	-	$	2,001
Mortgage-backed - residential		-		66,591		-		66,591
REMICs		-		1,409		-		1,409
Collateralized mortgage obligations		-		66,998		-		66,998
Preferred stock		1		-		-		1
Corporate bonds		-		10,958		-		10,958
Obligations of state and political subdivisions		-		86,265		-		86,265
Mortgage banking derivative - asset		-		921		-		921
Mortgage banking derivative - liability		-		126		-		126

	Level 1		Level 2		Level 3		Total Fair
December 31, 2015	Inputs		Inputs		Inputs		Value
	(In Thousands)
Available for sale securities:

Obligations of U.S. Government corporations and agencies	$	-	$	2,994	$	-	$	2,994
Mortgage-backed – residential		-		64,654		-		64,654
REMICs		-		1,620		-		1,620
Collateralized mortgage obligations-residential		-		71,799		-		71,799
Preferred stock		1		-		-		1
Corporate bonds		-		4,977		-		4,977
Obligations of state and political subdivisions		-		90,390				90,390
Mortgage banking derivative - asset		-		558		-		558

Schedule of Fair Value, Assets Measured on Non Recurring Basis [Table Text Block]

The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:

Assets and Liabilities Measured on a Non-Recurring Basis

							Total Fair
September 30, 2016	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Value
	(In Thousands)
Impaired loans
1-4 Family Residential Real Estate	$	-	$	-	$	8	$	8
Multi Family Residential		-		-		-		-
Commercial Real Estate		-		-		863		863
Commercial loans		-		-		111		111
Home Equity and Improvement		-		-		-		-
Total Impaired loans		-		-		982		982
Mortgage servicing rights		-		3,023		-		3,023
Real estate held for sale
CRE		-		-		377		377

							Total Fair
December 31, 2015	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Value
	(In Thousands)
Impaired loans
1-4 Family Residential Real Estate	$	-	$	-	$	398	$	398
Multi Family Residential		-		-		91		91
Commercial Real Estate		-		-		4,575		4,575
Commercial						-		-
Home Equity and Improvement		-		-		82		82
Total impaired loans		-		-		5,146		5,146

Mortgage servicing rights		-		872		-		872
Real estate held for sale
Commercial Real Estate		-		-		280		280

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of September 30, 2016, the significant unobservable inputs used in the fair value measurements were as follows:

	Fair Value		Valuation Technique	Unobservable Inputs	Range of Inputs		Weighted Average
				(Dollars in Thousands)


Impaired Loans- Applies to all loan classes	$	982	Appraisals which utilize sales comparison, net income and cost approach	Discounts for collection issues and changes in market conditions		10-30%		11%

Real estate held for sale – Applies to all classes	$	377	Appraisals which utilize sales comparison, net income and cost approach	Discounts for changes in market conditions		0-20%		7%

For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of December 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows:

	Fair Value		Valuation Technique	Unobservable Inputs	Range of Inputs		Weighted Average
				(Dollars in Thousands)

Impaired Loans- Applies to all loan classes	$	5,146	Appraisals which utilize sales comparison, net income and cost approach	Discounts for collection issues and changes in market conditions		10-30%		11%

Real estate held for sale – Applies to all classes	$	280	Appraisals which utilize sales comparison, net income and cost approach	Discounts for changes in market conditions		30%		30%

Fair Value, by Balance Sheet Grouping [Table Text Block]

FHLB advances with maturities greater than 90 days are valued based on discounted cash flow analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at September 30, 2016.

			Fair Value Measurements at September 30, 2016 (In Thousands)
	Carrying Value		Total		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	104,797	$	104,797	$	104,797	$	-	$	-
Investment securities		234,414		234,416		1		234,415		-
Federal Home Loan Bank Stock		13,800		N/A		N/A		N/A		N/A
Loans, net, including loans held for sale		1,909,610		1,920,543		-		10,515		1,910,028
Accrued interest receivable		7,452		7,452		-		1,291		6,161

Financial Liabilities:
Deposits	$	1,927,686	$	1,933,607	$	443,321	$	1,490,286	$	-
Advances from Federal Home Loan Bank		114,184		114,572		-		114,572		-
Securities sold under repurchase agreements		50,493		50,493		-		50,493		-
Subordinated debentures		36,083		34,780		-		-		34,780

			Fair Value Measurements at December 31, 2015 (In Thousands)
	Carrying Value		Total		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	79,769	$	79,769	$	79,769	$	-	$	-
Investment securities		236,678		236,680		1		236,679		-
Federal Home Loan Bank Stock		13,801		N/A		N/A		N/A		N/A
Loans, net, including loans held for sale		1,782,358		1,784,998		-		5,899		1,779,099
Accrued interest receivable		6,171		6,171		7		846		5,318

Financial Liabilities:
Deposits	$	1,836,137	$	1,840,464	$	420,691	$	1,419,773	$	-
Advances from Federal Home Loan Bank		59,902		59,653		-		59,653		-
Securities sold under repurchase agreements		57,188		57,188		-		57,188		-
Subordinated debentures		36,083		35,307		-		-		35,305