Fair Value (Tables)

3 Months Ended

Mar. 31, 2018

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

March 31, 2018	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(In Thousands)
Available for sale securities:

Obligations of U.S. government corporations and agencies	$	-	$	2,501	$	-	$	2,501
Mortgage-backed - residential		-		62,418		-		62,418
REMICs		-		1,020		-		1,020
Collateralized mortgage obligations- residential		-		95,192		-		95,192
Corporate bonds		-		13,042		-		13,042
Obligations of state and political subdivisions		-		95,937		-		95,937
Mortgage banking derivative - asset		-		652		-		652
Mortgage banking derivative -liability		-		12		-		12

December 31, 2017	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(In Thousands)
Available for sale securities:

Obligations of U.S. Government corporations and agencies	$	-	$	508	$	-	$	508
Mortgage-backed - residential		-		59,269		-		59,269
REMICs		-		1,065		-		1,065
Collateralized mortgage obligations-residential		-		93,876		-		93,876
Preferred stock		1		-		-		1
Corporate bonds		-		13,103		-		13,103
Obligations of state and political subdivisions		-		92,828				92,828
Mortgage banking derivative - asset		-		609		-		609
Mortgage banking derivative -liability		-		11		-		11

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [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

March 31, 2018	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(In Thousands)
Impaired loans
Commercial Real Estate	$	-	$	-	$	-	$	-
Commercial		-		-		-		-
Total Impaired loans		-		-		-		-
Mortgage servicing rights		-		539		-		539
Real estate held for sale
Commercial Real Estate		-		-		705		705
Total Real Estate held for sale		-		-		705		705

December 31, 2017	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Fair Value
	(In Thousands)
Impaired loans
Commercial Real Estate	$	-		-	$	1,787	$	1,787
Commercial						2,817		2,817
Total impaired loans		-		-		4,604		4,604
Mortgage servicing rights		-		534		-		534
Commercial Real Estate		-		-		227		227
Total Real Estate held for sale		-		-		227		227

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

For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of March 31, 2018, 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)

Real estate held for sale – Applies to all classes	$	705	Appraisals which utilize sales comparison, net income and cost approach	Discounts for changes in market conditions		20	%		20	%

For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of December 31, 2017, 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	$	4,604	Appraisals which utilize sales comparison, net income and cost approach	Discounts for collection issues and changes in market conditions		10-20	%			10	%

Real estate held for sale – Applies to all classes	$	227	Appraisals which utilize sales comparison, net income and cost approach	Discounts for changes in market conditions		0		%		0	%

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 March 31, 2018.

			Fair Value Measurements at March 31, 2018 (In Thousands)
	Carrying Value		Total		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	138,566	$	138,566	$	138,566	$	-	$	-
Investment securities		270,752		270,752		-		270,752		-
Federal Home Loan Bank Stock		15,989		N/A		N/A		N/A		N/A
Loans, including loans held for sale		2,369,596		2,318,895		-		11,674		2,307,221
Accrued interest receivable		9,359		9,359		9		1,510		7,840

Financial Liabilities:
Deposits	$	2,491,801	$	2,483,228	$	550,742	$	1,932,486	$	-
Advances from Federal Home Loan Bank		71,001		69,665		-		69,665		-
Securities sold under repurchase agreements		9,321		9,321		-		9,321		-
Subordinated debentures		36,083		35,558		-		-		35,558

			Fair Value Measurements at December 31, 2017 (In Thousands)
	Carrying Value		Total		Level 1		Level 2		Level 3
Financial Assets:
Cash and cash equivalents	$	113,693	$	113,693	$	113,693	$	-	$	-
Investment securities		261,298		261,299		1		261,298		-
Federal Home Loan Bank Stock		15,992		N/A		N/A		N/A		N/A
Loans, net, including loans held for sale		2,332,465		2,315,791		-		10,830		2,304,961
Accrued interest receivable		8,706		8,706		13		917		7,776

Financial Liabilities:
Deposits	$	2,437,656	$	2,444,683	$	571,360	$	1,873,323	$	-
Advances from Federal Home Loan Bank		84,279		83,261		-		83,261		-
Securities sold under repurchase agreements		26,019		26,019		-		26,019		-
Subordinated debentures		36,083		35,385		-		-		35,385