Peoples Financial Services (PFIS) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	PFIS
Entity Registrant Name	PEOPLES FINANCIAL SERVICES CORP.
Entity Central Index Key	1,056,943
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,542,725

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets:
Cash and due from banks	$ 28,847	$ 24,656
Interest-bearing deposits in other banks	6,710	6,770
Federal funds sold	0	0
Investment securities:
Available-for-sale	318,790	339,586
Held-to-maturity: Fair value June 30, 2015, $14,104; December 31, 2014, $15,215	13,626	14,665
Total investment securities	332,416	354,251
Loans held for sale	2,879	3,486
Loans, net	1,231,541	1,209,894
Less: allowance for loan losses	11,428	10,338
Net loans	1,220,113	1,199,556
Premises and equipment, net	26,552	25,433
Accrued interest receivable	5,507	5,580
Goodwill	63,370	63,370
Intangible assets	4,901	5,501
Other assets	56,460	53,066
Total assets	1,747,755	1,741,669
Deposits:
Noninterest-bearing	296,823	313,498
Interest-bearing	1,127,944	1,112,060
Total deposits	1,424,767	1,425,558
Short-term borrowings	25,860	19,557
Long-term debt	31,663	33,140
Accrued interest payable	443	574
Other liabilities	14,618	16,061
Total liabilities	1,497,351	1,494,890
Stockholders' equity:
Common stock: par value $2.00, authorized 25,000,000 shares; June 30, 2015, issued and outstanding 7,542,725 shares; December 31, 2014, issued and outstanding 7,548,358 shares	15,086	15,097
Capital surplus	140,045	140,214
Retained earnings	97,093	92,297
Accumulated other comprehensive loss	(1,820)	(829)
Total stockholders' equity	250,404	246,779
Total liabilities and stockholders' equity	$ 1,747,755	$ 1,741,669

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Held-to-maturity, Fair Value	$ 14,104	$ 15,215
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,542,725	7,548,358
Common stock, shares outstanding	7,542,725	7,548,358

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest and fees on loans:
Taxable	$ 13,391	$ 13,159	$ 26,731	$ 27,159
Tax-exempt	570	507	1,129	1,142
Interest and dividends on investment securities:
Taxable	816	942	1,716	1,870
Tax-exempt	835	817	1,640	1,646
Dividends	6	14	15	30
Interest on interest-bearing deposits in other banks	15	9	26	19
Interest on federal funds sold	5	34	9	48
Total interest income	15,638	15,482	31,266	31,914
Interest expense:
Interest on deposits	1,192	1,414	2,460	2,771
Interest on short-term borrowings	4	24	12	58
Interest on long-term debt	252	289	511	585
Total interest expense	1,448	1,727	2,983	3,414
Net interest income	14,190	13,755	28,283	28,500
Provision for loan losses	750	1,201	1,500	2,058
Net interest income after provision for loan losses	13,440	12,554	26,783	26,442
Noninterest income:
Service charges, fees and commissions	1,542	1,557	3,154	3,181
Merchant services income	963	888	1,753	1,782
Commission and fees on fiduciary activities	487	548	946	1,115
Wealth management income	198	165	403	352
Mortgage banking income	248	193	470	292
Life insurance investment income	188	267	377	456
Net gain on sale of investment securities available-for-sale		160	832	160
Total noninterest income	3,626	3,778	7,935	7,338
Noninterest expense:
Salaries and employee benefits expense	5,613	4,961	10,846	10,129
Net occupancy and equipment expense	2,149	2,327	4,617	4,060
Merchant services expense	650	495	1,183	1,060
Amortization of intangible assets	295	333	600	676
Acquisition related expense		1,008		1,616
Other expenses	2,804	3,115	5,359	5,985
Total noninterest expense	11,511	12,239	22,605	23,526
Income before income taxes	5,555	4,093	12,113	10,254
Income tax expense	1,124	762	2,638	2,225
Net income	4,431	3,331	9,475	8,029
Other comprehensive income (loss):
Unrealized gain (loss) on investment securities available-for-sale	(1,459)	1,242	(692)	3,636
Reclassification adjustment for net gain on sales included in net income		(160)	(832)	(160)
Other comprehensive income (loss)	(1,459)	1,082	(1,524)	3,476
Income tax expense (benefit) related to other comprehensive income (loss)	(510)	378	(533)	1,216
Other comprehensive income (loss), net of income taxes	(949)	704	(991)	2,260
Comprehensive income	$ 3,482	$ 4,035	$ 8,484	$ 10,289
Net income:
Basic	$ 0.59	$ 0.44	$ 1.26	$ 1.06
Diluted	$ 0.59	$ 0.44	$ 1.26	$ 1.06
Average common shares outstanding:
Basic	7,546,198	7,548,358	7,547,272	7,549,300
Diluted	7,546,198	7,570,883	7,547,272	7,575,655
Dividends declared	$ 0.31	$ 0.31	$ 0.62	$ 0.62

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Capital Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2013	$ 238,792	$ 15,614	$ 146,109	$ 84,008	$ (698)	$ (6,241)
Net income	8,029			8,029
Other comprehensive income (loss), net of income taxes	2,260				2,260
Dividends declared	(4,681)			(4,681)
Shares retired	(109)	(7)	(102)
Reissuance under option plan	39		28			11
Repurchase and held	(70)					(70)
Retirement of stock options	(95)		(95)
Retirement of treasury shares		(510)	(5,790)			$ 6,300
Balance at Jun. 30, 2014	244,165	15,097	140,150	87,356	1,562
Balance at Dec. 31, 2014	246,779	15,097	140,214	92,297	(829)
Stock based compensation	35		35
Net income	9,475			9,475
Other comprehensive income (loss), net of income taxes	(991)				(991)
Dividends declared	(4,679)			(4,679)
Shares retired	(215)	(11)	(204)
Balance at Jun. 30, 2015	$ 250,404	$ 15,086	$ 140,045	$ 97,093	$ (1,820)

Consolidated Statements of Cha6

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.62	$ 0.62
Share retired, shares	5,633	3,386
Reissuance under option plan, shares		600
Repurchase and held, shares		1,800

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 9,475	$ 8,029
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment	784	947
Amortization of deferred loan costs	284	78
Amortization of intangibles	600	676
Net accretion of purchase accounting adjustments on tangible assets	(501)	(1,965)
Provision for loan losses	1,500	2,058
Net gain on sale of other real estate owned	(110)	(41)
Net loss on disposal of equipment		63
Net amortization of investment securities	2,054	2,116
Loans originated for sale	(14,079)	(4,866)
Proceeds from sale of loans originated for sale	15,155	3,527
Net (gain) loss on sale of loans originated for sale	(469)	339
Net gain on sale of investment securities	(832)	(160)
Life insurance investment income	(377)	(395)
Deferred income tax expense (benefit)	119
Stock based compensation	35	11
Net change in:
Accrued interest receivable	73	290
Other assets	(3,235)	(4,764)
Accrued interest payable	(131)	(143)
Stock appreciation rights		301
Other liabilities	(1,478)	3,841
Net cash provided by operating activities	8,867	9,942
Cash flows from investing activities:
Proceeds from sales of investment securities available-for-sale	50,981	4,984
Proceeds from repayments of investment securities:
Available-for-sale	28,253	18,245
Held-to-maturity	1,016	1,352
Purchases of investment securities:
Available-for-sale	(61,162)	(34,289)
Held-to-maturity	0	0
Net redemption of restricted equity securities	330	182
Net increase in lending activities	(22,414)	(3,223)
Purchases of premises and equipment	(1,953)	(636)
Proceeds from the sale of premises and equipment		25
Proceeds from sale of other real estate owned	463	321
Net cash used in investing activities	(4,486)	(13,039)
Cash flows from financing activities:
Net increase (decrease) in deposits	(424)	43,866
Repayment of long-term debt	(1,450)	(1,791)
Net increase (decrease) in short-term borrowings	6,303	(7,964)
Redemption of common stock		(70)
Retirement of stock options		(95)
Purchase of treasury stock		(70)
Cash dividends paid	(4,679)	(4,681)
Net cash provided by (used in) financing activities	(250)	29,195
Net increase (decrease) in cash and cash equivalents	4,131	26,098
Cash and cash equivalents at beginning of year	31,426	51,310
Cash and cash equivalents at end of year	35,557	77,408
Cash paid during the period for:
Interest	3,114	3,557
Income taxes	1,800	1,300
Noncash items:
Transfers of loans to other real estate	247	258
Retirement of treasury shares		6,300
Fair value of assets acquired:
Loans, net	157	1,417
Premises and equipment	(50)	(50)
Core deposit and other intangible assets	(600)	(676)
Fair value of assets acquired, net	(493)	691
Fair value of liabilities assumed:
Deposits	367	571
Long-term debt	27	27
Fair value of liabilities assumed, net	$ 394	$ 598

Summary of significant accounti

Summary of significant accounting policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of significant accounting policies	1. Summary of significant accounting policies: Nature of operations: Peoples Financial Services Corp., a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Peoples Security Bank and Trust Company (“Peoples Bank”), including its subsidiaries, Peoples Advisors, LLC and Penseco Realty, Inc. (collectively, the “Company” or “Peoples”). The Company services its retail and commercial customers through twenty-six full-service community banking offices located within the Lackawanna, Lehigh, Luzerne, Monroe, Susquehanna, Wayne and Wyoming Counties of Pennsylvania and Broome County of New York. Basis of presentation: The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP’) for interim financial information and with the instructions to Form 10-Q and Article 10-01 of Regulation S-X. In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. All significant intercompany balances and transactions have been eliminated in consolidation. Prior-period amounts are reclassified when necessary to conform to the current year’s presentation. These reclassifications did not have any effect on the operating results or financial position of the Company. The operating results and financial position of the Company for the three and six months ended and as of June 30, 2015, are not necessarily indicative of the results of operations and financial position that may be expected in the future. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that are particularly susceptible to material change in the near term relate to the determination of the allowance for loan losses, fair value of financial instruments, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the valuation of deferred tax assets, determination of other-than-temporary impairment losses on securities, impairment of goodwill and fair value of assets acquired and liabilities assumed in business combinations. Actual results could differ from those estimates. For additional information and disclosures required under GAAP, reference is made to the Company’s Annual Report on Form 10-K for the period ended December 31, 2014. The Company has evaluated events and transactions occurring subsequent to the balance sheet date of June 30, 2015, for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued. Recent accounting standards: In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-08, Business Combinations (Topic 805): “Pushdown Accounting—Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin (“SAB”) 115.” This ASU rescinds certain SEC guidance in order to conform with ASU 2014-17, Pushdown Accounting. ASU 2014-17 was issued in November 2014 and provides a reporting entity that is a business or nonprofit activity (an “acquiree”) the option to apply pushdown accounting to its separate financial statements when an acquirer obtains control of the acquiree. SAB 115 became effective November 21, 2014. The adoption of ASU 2015-18 did not have a material effect on the operating results or financial position of the Company.

Other comprehensive income (los

Other comprehensive income (loss)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Other comprehensive income (loss)	2. Other comprehensive income (loss): The components of other comprehensive loss and their related tax effects are reported in the Consolidated Statements of Income and Comprehensive Income. The accumulated other comprehensive income (loss) included in the Consolidated Balance Sheets relates to net unrealized gains and losses on investment securities available-for-sale and benefit plan adjustments. The components of accumulated other comprehensive loss included in stockholders’ equity at June 30, 2015 and December 31, 2014 is as follows: June 30, 2015 December 31, 2014 Net unrealized gain on investment securities available-for-sale $ 4,768 $ 6,292 Related income taxes 1,669 2,202 Net of income taxes 3,099 4,090 Benefit plan adjustments (7,567 ) (7,567 ) Related income taxes (2,648 ) (2,648 ) Net of income taxes (4,919 ) (4,919 ) Accumulated other comprehensive loss $ (1,820 ) $ (829 ) Other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2015 and 2014 is as follows: Three months ended June 30 2015 2014 Unrealized gain (loss) on investment securities available-for-sale $ (1,459 ) $ 1,242 Net gain on the sale of investment securities available-for-sale (1) (160 ) Other comprehensive income (loss) gain before taxes (1,459 ) 1,082 Income tax expense (benefit) (510 ) 378 Other comprehensive income (loss) $ (949 ) $ 704 Six months ended June 30 2015 2014 Unrealized gain (loss) on investment securities available-for-sale $ (692 ) $ 3,636 Net gain on the sale of investment securities available-for-sale (1) (832 ) (160 ) Other comprehensive income (loss) gain before taxes (1,524 ) 3,476 Income tax expense (benefit) (533 ) 1,216 Other comprehensive income (loss) $ (991 ) $ 2,260 (1) Represents amounts reclassified out of accumulated comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income.

Earnings per share

Earnings per share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings per share	3. Earnings per share: Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options, and are determined using the treasury stock method. There were no shares considered anti-dilutive for the three and six month periods ended June 30, 2015 and 2014. 2015 2014 For the three months ended June 30 Basic Diluted Basic Diluted Net Income (Numerator) $ 4,431 $ 4,431 $ 3,331 $ 3,331 Average common shares outstanding (Denominator) 7,546,198 7,546,198 7,548,358 7,570,883 Earnings per share $ 0.59 $ 0.59 $ 0.44 $ 0.44 2015 2014 For the six months ended June 30 Basic Diluted Basic Diluted Net Income (Numerator) $ 9,475 $ 9,475 $ 8,029 $ 8,029 Average common shares outstanding (Denominator) 7,547,272 7,547,272 7,549,300 7,575,655 Earnings per share $ 1.26 $ 1.26 $ 1.06 $ 1.06

Investment securities

Investment securities	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investment securities	4. Investment securities: The amortized cost and fair value of investment securities aggregated by investment category at June 30, 2015 and December 31, 2014 are summarized as follows: June 30 2015 Amortized Gross Gross Fair Value Available-for-sale: U.S. Treasury securities $ 30,631 $ 84 $ 30 $ 30,685 U.S. Government-sponsored enterprises 85,377 490 5 85,862 State and municipals: Taxable 15,930 804 22 16,712 Tax-exempt 109,241 3,886 613 112,514 Mortgage-backed securities: U.S. Government agencies 32,995 156 62 33,089 U.S. Government-sponsored enterprises 39,848 250 170 39,928 Total $ 314,022 $ 5,670 $ 902 $ 318,790 Held-to-maturity: State and municipals Tax-exempt $ 7,369 $ 103 $ 53 $ 7,419 Mortgage-backed securities: U.S. Government agencies 93 1 94 U.S. Government-sponsored enterprises 6,164 427 6,591 Total $ 13,626 $ 531 $ 53 $ 14,104 December 31, 2014 Amortized Gross Gross Fair Value Available-for-sale: U.S. Treasury securities $ 48,393 $ 157 $ 48,550 U.S. Government-sponsored enterprises 95,990 337 $ 82 96,245 State and municipals: Taxable 16,490 943 26 17,407 Tax-exempt 87,954 4,971 24 92,901 Mortgage-backed securities: U.S. Government agencies 37,511 132 167 37,476 U.S. Government-sponsored enterprises 46,956 277 226 47,007 Total $ 333,294 $ 6,817 $ 525 $ 339,586 Held-to-maturity: Tax-exempt state and municipals $ 7,370 $ 105 $ 38 $ 7,437 Mortgage-backed securities: U.S. Government agencies 100 2 102 U.S. Government-sponsored enterprises 7,195 481 7,676 Total $ 14,665 $ 588 $ 38 $ 15,215 The maturity distribution of the fair value, which is the net carrying amount, of the debt securities classified as available-for-sale at June 30, 2015, is summarized as follows: June 30, 2015 Fair Value Within one year $ 28,289 After one but within five years 108,675 After five but within ten years 54,059 After ten years 54,750 245,773 Mortgage-backed securities 73,017 Total $ 318,790 The maturity distribution of the amortized cost and fair value, of debt securities classified as held-to-maturity at June 30, 2015, is summarized as follows: June 30, 2015 Amortized Fair Value Within one year After one but within five years $ 326 $ 330 After five but within ten years 176 180 After ten years 6,867 6,909 7,369 7,419 Mortgage-backed securities 6,257 6,685 Total $ 13,626 $ 14,104 Securities with a carrying value of $191,687 and $216,192 at June 30, 2015 and December 31, 2014, respectively, were pledged to secure public deposits and repurchase agreements as required or permitted by law. Securities and short-term investment activities are conducted with a diverse group of government entities, corporations and state and local municipalities. The counterparty’s creditworthiness and type of collateral is evaluated on a case-by-case basis. At June 30, 2015 and December 31, 2014, there were no significant concentrations of credit risk from any one issuer, with the exception of U.S. Government agencies and sponsored enterprises that exceeded 10.0 percent of stockholders’ equity. The fair value and gross unrealized losses of investment securities with unrealized losses for which an other-than-temporary impairment (“OTTI”) has not been recognized at June 30, 2015 and December 31, 2014, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than 12 Months 12 Months or More Total June 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasury securities $ 10,044 $ 30 $ 10,044 $ 30 U.S. Government-sponsored enterprises 3,003 5 3,003 5 State and municipals: Taxable $ 545 $ 22 545 22 Tax-exempt 44,196 636 786 30 44,982 666 Mortgage-backed securities: U.S. Government agencies 7,457 26 5,402 36 12,859 62 U.S. Government-sponsored enterprises 13,785 68 3,721 102 17,506 170 Total $ 78,485 $ 765 $ 10,454 $ 190 $ 88,939 $ 955 Less Than 12 Months 12 Months or More Total December 31, 2014 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Government-sponsored enterprises $ 21,228 $ 33 $ 7,954 $ 49 $ 29,182 $ 82 State and municipals: Taxable 544 26 544 26 Tax-exempt 4,702 23 2,423 39 7,125 62 Mortgage-backed securities: U.S. Government agencies 20,148 167 20,148 167 U.S. Government-sponsored enterprises 22,870 226 22,870 226 Total $ 68,948 $ 449 $ 10,921 $ 114 $ 79,869 $ 563 The Company had 110 investment securities, consisting of 84 tax-exempt state and municipal obligations, two U.S. Treasury Securities, one taxable state and municipal obligation, one U.S. Government-sponsored enterprise securities, and 22 mortgage-backed securities that were in unrealized loss positions at June 30, 2015. Of these securities, one taxable state and municipal obligation, six mortgage-backed securities and three tax-exempt state and municipal securities were in a continuous unrealized loss position for twelve months or more. Management does not consider the unrealized losses on the debt securities, as a result of changes in interest rates, to be OTTI based on historical evidence that indicates the cost of these securities is recoverable within a reasonable period of time in relation to normal cyclical changes in the market rates of interest. Moreover, because there has been no material change in the credit quality of the issuers or other events or circumstances that may cause a significant adverse impact on the fair value of these securities, and management does not intend to sell these securities and it is unlikely that the Company will be required to sell these securities before recovery of their amortized cost basis, which may be maturity, the Company does not consider the unrealized losses to be OTTI at June 30, 2015. There was no OTTI recognized for the three or six months ended June 30, 2015 and 2014. The Company had 52 investment securities, consisting of 16 tax-exempt state and municipal obligations, one taxable state and municipal obligation, nine U.S. Government-sponsored enterprise securities and 26 mortgage-backed securities that were in unrealized loss positions at December 31, 2014. Of these securities, two U.S. Government-sponsored enterprise securities, four tax-exempt state and municipal securities, and one taxable state and municipal obligation were in a continuous unrealized loss position for twelve months or more.

Loans, net and allowance for lo

Loans, net and allowance for loan losses	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Loans, net and allowance for loan losses	5. Loans, net and allowance for loan losses: The major classifications of loans outstanding, net of deferred loan origination fees and costs at June 30, 2015 and December 31, 2014 are summarized as follows. Net deferred loan costs were $700 and $651 at June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Commercial $ 322,418 $ 319,590 Real estate: Commercial 511,835 493,481 Residential 312,567 310,667 Consumer 84,721 86,156 Total $ 1,231,541 $ 1,209,894 The changes in the allowance for loan losses account by major classification of loan for the three and six months ended June 30, 2015 and 2014 are summarized as follows: Real estate June 30, 2015 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance April 1, 2015 $ 2,420 $ 3,087 $ 3,909 $ 1,387 $ 10,803 Charge-offs (3 ) (30 ) (35 ) (106 ) (174 ) Recoveries 3 5 3 38 49 Provisions 15 128 150 457 750 Ending balance $ 2,435 $ 3,190 $ 4,027 $ 1,776 $ 11,428 Real estate June 30, 2015 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance January 1, 2015 $ 2,321 $ 3,037 $ 3,690 $ 1,290 $ 10,338 Charge-offs (40 ) (79 ) (234 ) (186 ) (539 ) Recoveries 64 6 8 51 129 Provisions 90 226 563 621 1,500 Ending balance $ 2,435 $ 3,190 $ 4,027 $ 1,776 $ 11,428 Real estate June 30, 2014 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance April 1, 2014 $ 1,961 $ 2,473 $ 3,248 $ 1,177 $ 8,859 Charge-offs (29 ) (404 ) (270 ) (87 ) (790 ) Recoveries 1 269 35 47 352 Provisions 268 337 445 151 1,201 Ending balance $ 2,201 $ 2,675 $ 3,458 $ 1,288 $ 9,622 Real estate June 30, 2014 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance January 1, 2014 $ 2,008 $ 2,394 $ 3,135 $ 1,114 $ 8,651 Charge-offs (376 ) (432 ) (510 ) (155 ) (1,473 ) Recoveries 1 269 38 78 386 Provisions 568 444 795 251 2,058 Ending balance $ 2,201 $ 2,675 $ 3,458 $ 1,288 $ 9,622 The allocation of the allowance for loan losses and the related loans by major classifications of loans at June 30, 2015 and December 31, 2014 is summarized as follows: Real estate June 30, 2015 Commercial Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 2,435 $ 3,190 $ 4,027 $ 1,776 $ $ 11,428 Ending balance: individually evaluated for impairment 1,209 1,338 796 137 3,480 Ending balance: collectively evaluated for impairment 1,226 1,745 3,231 1,639 7,841 Ending balance: loans acquired with deteriorated credit quality $ $ 107 $ $ $ 107 Loans receivable: Ending balance $ 322,418 $ 511,835 $ 312,567 $ 84,721 $ $ 1,231,541 Ending balance: individually evaluated for impairment 1,948 6,080 4,385 137 12,550 Ending balance: collectively evaluated for impairment 319,448 504,379 308,127 $ 84,584 1,216,538 Ending balance: loans acquired with deteriorated credit quality $ 1,022 $ 1,376 $ 55 $ $ 2,453 Real estate December 31, 2014 Commercial Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 2,321 $ 3,037 $ 3,690 $ 1,290 $ $ 10,338 Ending balance: individually evaluated for impairment 1,072 805 767 38 2,682 Ending balance: collectively evaluated for impairment 1,081 2,125 2,921 1,252 7,379 Ending balance: loans acquired with deteriorated credit quality $ 168 $ 107 $ 2 $ 277 Loans receivable: Ending balance $ 319,590 $ 493,481 $ 310,667 $ 86,156 $ $ 1,209,894 Ending balance: individually evaluated for impairment 2,595 5,084 4,001 127 11,807 Ending balance: collectively evaluated for impairment 315,642 487,024 306,608 $ 86,029 1,195,303 Ending balance: loans acquired with deteriorated credit quality $ 1,353 $ 1,373 $ 58 $ $ 2,784 The Company segments loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Loans are individually analyzed for credit risk by classifying them within the Company’s internal risk rating system. The Company’s risk rating classifications are defined as follows: • Pass- A loan to borrowers with acceptable credit quality and risk that is not adversely classified as Substandard, Doubtful, Loss nor designated as Special Mention. • Special Mention- A loan that has potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Special Mention loans are not adversely classified since they do not expose the Company to sufficient risk to warrant adverse classification. • Substandard- A loan that is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the bank will sustain some loss if the deficiencies are not corrected. • Doubtful – A loan classified as Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make the collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. • Loss- A loan classified as Loss is considered uncollectible and of such little value that its continuance as bankable loan is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be affected in the future. The following tables present the major classification of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at June 30, 2015 and December 31, 2014: June 30, 2015 Pass Special Substandard Doubtful Total Commercial $ 309,696 $ 6,171 $ 6,551 $ $ 322,418 Real estate: Commercial 486,289 13,280 12,266 511,835 Residential 301,962 1,865 8,740 312,567 Consumer 84,583 138 84,721 Total $ 1,182,530 $ 21,316 $ 27,695 $ $ 1,231,541 December 31, 2014: Pass Special Substandard Doubtful Total Commercial $ 306,066 $ 6,135 $ 7,389 $ $ 319,590 Real estate: Commercial 472,270 9,858 11,353 493,481 Residential 300,299 2,123 8,245 310,667 Consumer 86,037 13 106 86,156 Total $ 1,164,672 $ 18,129 $ 27,093 $ $ 1,209,894 Information concerning nonaccrual loans by major loan classification at June 30, 2015 and December 31, 2014 is summarized as follows: June 30, 2015 December 31, 2014 Commercial $ 1,499 $ 1,322 Real estate: Commercial 3,468 3,732 Residential 3,881 3,523 Consumer 135 122 Total $ 8,983 $ 8,699 The major classifications of loans by past due status are summarized as follows: June 30, 2015 30-59 Days 60-89 Days Greater Total Current Total Loans Loans > 90 Commercial $ 426 $ 61 $ 1,499 $ 1,986 $ 320,432 $ 322,418 Real estate: Commercial 3,000 205 3,468 6,673 505,162 511,835 Residential 1,098 1,708 4,611 7,417 305,150 312,567 $ 730 Consumer 654 232 477 1,363 83,358 84,721 342 Total $ 5,178 $ 2,206 $ 10,055 $ 17,439 $ 1,214,102 $ 1,231,541 $ 1,072 December 31, 2014 30-59 Days 60-89 Days Greater Total Current Total Loans Loans > 90 Commercial $ 898 $ 117 $ 1,322 $ 2,337 $ 317,253 $ 319,590 Real estate: Commercial 2,100 888 3,868 6,856 486,625 493,481 $ 136 Residential 3,154 1,239 4,585 8,978 301,689 310,667 1,062 Consumer 848 247 547 1,642 84,514 86,156 425 Total $ 7,000 $ 2,491 $ 10,322 $ 19,813 $ 1,190,081 $ 1,209,894 $ 1,623 The following tables summarize information concerning impaired loans as of and for the three and six months ended June 30, 2015 and June 30, 2014, and as of and for the year ended, December 31, 2014 by major loan classification: This Quarter Year-to-Date June 30, 2015 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 1,658 $ 3,184 $ 1,989 $ 17 $ 2,168 $ 37 Real estate: Commercial 2,140 2,852 2,169 28 2,366 47 Residential 2,734 2,917 2,503 1 2,488 2 Consumer 6 26 Total 6,532 8,953 6,667 46 7,048 86 With an allowance recorded: Commercial 1,312 1,312 $ 1,209 1,469 13 1,533 27 Real estate: Commercial 5,316 5,316 1,445 4,628 48 4,182 65 Residential 1,706 1,706 796 1,673 7 1,593 17 Consumer 137 137 137 114 91 Total 8,471 8,471 3,587 7,884 68 7,399 109 Commercial 2,970 4,496 1,209 3,458 30 3,701 64 Real estate: Commercial 7,456 8,168 1,445 6,797 76 6,548 112 Residential 4,440 4,623 796 4,176 8 4,081 19 Consumer 137 137 137 120 117 Total $ 15,003 $ 17,424 $ 3,587 $ 14,551 $ 114 $ 14,447 $ 195 For the Year Ended December 31, 2014 Recorded Unpaid Related Average Interest With no related allowance: Commercial $ 2,379 $ 4,084 $ 2,669 141 Real estate: Commercial 2,932 3,690 7,944 120 Residential 2,672 2,857 2,731 4 Consumer 83 83 94 Total 8,066 10,714 13,438 265 With an allowance recorded: Commercial 1,569 1,569 $ 1,240 1,787 $ 58 Real estate: Commercial 3,525 3,525 912 2,293 28 Residential 1,387 1,387 769 590 10 Consumer 44 44 38 10 1 Total 6,525 6,525 2,959 4,680 97 Commercial 3,948 5,653 1,240 4,456 199 Real estate: Commercial 6,457 7,215 912 10,237 148 Residential 4,059 4,244 769 3,321 14 Consumer 127 127 38 104 1 Total $ 14,591 $ 17,239 $ 2,959 $ 18,118 $ 362 This Quarter Year-to-Date June 30, 2014 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 2,649 $ 4,470 $ 2,329 $ 28 $ 2,908 $ 52 Real estate: Commercial 9,899 12,619 9,929 19 10,077 38 Residential 2,720 2,908 2,730 1 2,801 2 Consumer 97 97 113 111 Total 15,365 20,094 15,101 48 15,897 92 With an allowance recorded: Commercial 1,757 1,757 $ 1,157 1,743 23 1,853 43 Real estate: Commercial 1,387 1,387 527 1,395 14 1,397 29 Residential 257 257 162 259 390 Consumer Total 3,401 3,401 1,846 3,397 37 3,640 72 Commercial 4,406 6,227 1,157 4,072 51 4,761 95 Real estate: Commercial 11,286 14,006 527 11,324 33 11,474 67 Residential 2,977 3,165 162 2,989 1 3,191 2 Consumer 97 97 113 111 Total $ 18,766 $ 23,495 $ 1,846 $ 18,498 $ 85 $ 19,537 $ 164 Included in the commercial loan and commercial and residential real estate categories are troubled debt restructurings that are classified as impaired. Troubled debt restructurings totaled $3,046 at June 30, 2015, $2,933 at December 31, 2014 and $1,900 at June 30, 2014. Troubled debt restructured loans are loans with original terms, interest rate, or both, that have been modified as a result of a deterioration in the borrower’s financial condition and a concession has been granted that the Company would not otherwise consider. Unless on nonaccrual, interest income on these loans is recognized when earned, using the interest method. The Company offers a variety of modifications to borrowers that would be considered concessions. The modification categories offered generally fall within the following categories: • Rate Modification - A modification in which the interest rate is changed to a below market rate. • Term Modification - A modification in which the maturity date, timing of payments or frequency of payments is changed. • Interest Only Modification - A modification in which the loan is converted to interest only payments for a period of time. • Payment Modification - A modification in which the dollar amount of the payment is changed, other than an interest only modification described above. • Combination Modification - Any other type of modification, including the use of multiple categories above. There were four loans modified as a troubled debt restructuring for the three months ended June 30, 2015, in the amount of $170. There were eight loans modified as troubled debt restructurings for the first six months ended June 30, 2015, in the amount of $554. There were no loans modified as troubled debt restructurings for the three or six months ended June 30, 2014. During the three and six months ended June 30, 2015 and 2014, there were no defaults on loans restructured within the last twelve months.

Other assets

Other assets	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other assets	6. Other assets: The components of other assets at June 30, 2015, and December 31, 2014 are summarized as follows: June 30, December 31, Other real estate owned $ 334 $ 561 Investment in residential housing program 7,044 4,329 Mortgage servicing rights 566 676 Bank owned life insurance 30,374 29,983 Restricted equity securities 3,357 3,687 Other assets 14,785 13,830 Total $ 56,460 $ 53,066

Fair value estimates

Fair value estimates	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair value estimates	7. Fair value estimates: The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosure under GAAP. Fair value estimates are calculated without attempting to estimate the value of anticipated future business and the value of certain assets and liabilities that are not considered financial. Accordingly, such assets and liabilities are excluded from disclosure requirements. In accordance with FASB ASC 820, “Fair Value Measurements and Disclosures,” fair value is the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets. In many cases, these values cannot be realized in immediate settlement of the instrument. Current fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction that is not a forced liquidation or distressed sale between participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with GAAP, the Company groups its assets and liabilities generally measured at fair value into three levels based on market information or other fair value estimates in which the assets and liabilities are traded or valued and the reliability of the assumptions used to determine fair value. These levels include: • Level 1: Unadjusted quoted prices of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. An asset’s or liability’s placement in the fair value hierarchy is based on the lowest level of input that is significant to the fair value estimate. The following methods and assumptions were used by the Company to calculate fair values and related carrying amounts of financial instruments: Cash and cash equivalents: Investment securities: Loans held for sale: Net loans: In conjunction with the Merger, the loans purchased were recorded at their acquisition date fair value. In order to record the loans at fair value, management made three different types of fair value adjustments. A market rate adjustment was made to adjust for the movement in market interest rates, irrespective of credit adjustments, compared to the stated rates of the acquired loans. A credit adjustment was made on pools of homogeneous loans representing the changes in credit quality of the underlying borrowers from the loan inception to the acquisition date. The credit adjustment on distressed loans represents the portion of the loan balance that has been deemed uncollectible based on the management’s expectations of future cash flows for each respective loan. Mortgage servicing rights: Accrued interest receivable: Restricted equity securities: Deposits: The fair value assigned to the core deposit intangible asset represents the future economic benefit of the potential cost savings from acquiring core deposits in the Merger compared to the cost of obtaining alternative funding such as brokered deposits from market sources. Management utilized an income valuation approach to present value the estimated future cash savings in order to determine the fair value of the intangible asset. Short-term borrowings: Long-term debt: Accrued interest payable: Off-balance sheet financial instruments: The majority of commitments to extend credit, unused portions of lines of credit and standby letters of credit carry current market interest rates if converted to loans. Because such commitments are generally unassignable of either the Company or the borrower, they only have value to the Company and the borrower. None of the commitments are subject to undue credit risk. The estimated fair values of off-balance sheet financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of off-balance sheet financial instruments was not material at June 30, 2015 and December 31, 2014. Assets and liabilities measured at fair value on a recurring basis at June 30, 2015 and December 31, 2014 are summarized as follows: Fair Value Measurement Using June 30, 2015 Amount Quoted Prices in (Level 1) Significant Other Observable (Level 2) Significant (Level 3) U.S. Treasury securities $ 30,685 $ 30,685 $ U.S. Government-sponsored enterprises 85,862 $ 85,862 State and Municipals: Taxable 16,712 16,712 Tax-exempt 112,514 112,514 Corporate debt securities Mortgage-backed securities: U.S. Government agencies 33,089 33,089 U.S. Government-sponsored enterprises 39,928 39,928 Total $ 318,790 $ 30,685 $ 288,105 $ Fair Value Measurement Using December 31, 2014 Amount Quoted Prices in (Level 1) Significant Other Observable (Level 2) Significant (Level 3) U.S. Treasury securities $ 48,550 $ 48,550 $ U.S. Government-sponsored enterprises 96,245 $ 96,245 State and Municipals: Taxable 17,407 17,407 Tax-exempt 92,901 92,901 Corporate debt securities Mortgage-backed securities: U.S. Government agencies 37,476 37,476 U.S. Government-sponsored enterprises 47,007 47,007 Total $ 339,586 $ 48,550 $ 291,036 $ Assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2015 and December 31, 2014 are summarized as follows: Fair Value Measurement Using June 30, 2015 Amount Quoted Prices in Identical Assets Significant Other Observable (Level 2) Significant Inputs (Level 3) Impaired loans $ 6,448 $ 6,448 Other real estate owned $ 88 $ 88 Fair Value Measurement Using December 31, 2014 Amount Quoted Prices in Significant Other Observable Inputs (Level 2) Significant Impaired loans $ 4,414 $ 4,414 Other real estate owned $ 218 $ 218 Fair values of impaired loans are based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements June 30, 2015 Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 6,448 Appraisal of collateral Appraisal adjustments 14.0% to 63.0% (24.2%) Liquidation expenses 3.0% to 6.0% (5.4%) Other real estate owned $ 88 Appraisal of collateral Appraisal adjustments 20.0% to 73.5% (53.4%) Liquidation expenses 3.0% to 6.0% (5.0%) Quantitative Information about Level 3 Fair Value Measurements December 31, 2014 Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 4,414 Appraisal of collateral Appraisal adjustments 2.6% to 61.1% (24.5%) Liquidation expenses 3.0% to 6.0% (5.5%) Other real estate owned $ 218 Appraisal of collateral Appraisal adjustments 19.7% to 47.8% (30.5%) Liquidation expenses 3.0% to 6.0% (5.0%) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 Inputs which are not identifiable. Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. The carrying and fair values of the Company’s financial instruments at June 30, 2015 and December 31, 2014 and their placement within the fair value hierarchy are as follows: Fair Value Hierarchy June 30, 2015 Carrying Fair Value Quoted Prices in Significant Other Observable (level 2) Significant (Level 3) Financial assets: Cash and cash equivalents $ 35,557 $ 35,557 $ 35,557 Investment securities: Available-for-sale 318,790 318,790 $ 30,685 $ 288,105 Held-to-maturity 13,626 14,104 14,104 Loans held for sale 2,879 2,883 2,883 Net loans 1,220,113 1,229,055 $ 1,229,055 Accrued interest receivable 5,507 5,507 5,507 Mortgage servicing rights 566 1,227 1,227 Restricted equity securities 3,357 3,357 3,357 Total $ 1,600,395 $ 1,610,480 Financial liabilities: Deposits $ 1,424,767 $ 1,425,821 1,425,821 Short-term borrowings 25,860 25,860 25,860 Long-term debt 31,663 33,145 33,145 Accrued interest payable 443 443 $ 443 Total $ 1,482,733 $ 1,485,269 Fair Value Hierarchy December 31, 2014 Carrying Fair Value Quoted Prices in Significant Other Observable (level 2) Significant (Level 3) Financial assets: Cash and cash equivalents $ 31,426 $ 31,426 $ 31,426 Investment securities: Available-for-sale 339,586 339,586 $ 48,550 $ 291,036 Held-to-maturity 14,665 15,215 15,215 Loans held for sale 3,486 3,492 3,492 Net loans 1,199,556 1,210,369 $ 1,210,369 Accrued interest receivable 5,580 5,580 5,580 Mortgage servicing rights 676 1,466 1,466 Restricted equity securities 3,687 3,687 3,687 Total $ 1,598,662 $ 1,610,821 Financial liabilities: Deposits $ 1,425,558 $ 1,427,081 1,427,081 Short-term borrowings 19,557 19,557 19,557 Long-term debt 33,140 34,772 34,772 Accrued interest payable 574 574 $ 574 Total $ 1,478,829 $ 1,481,984

Employee benefit plans

Employee benefit plans	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Employee benefit plans	8. Employee benefit plans: The Company provides an Employee Stock Ownership Plan (“ESOP”) and a Retirement Profit Sharing Plan. The Company also maintains a Supplemental Executive Retirement Plan (“SERP”), an Employees’ Pension Plan, which is currently frozen, and a Postretirement Plan Life Insurance plan which was curtailed in 2013. For the three and six months ended June 30, salaries and employee benefits expense includes approximately $173 and $452 in 2015 and $584 and $834 in 2014 relating to the employee benefit plans. Components of net periodic benefit cost are as follows: Pension Benefits Three months ended June 30, 2015 2014 Net periodic pension cost: Service cost Interest cost $ 174 $ 169 Expected return on plan assets (233 ) (227 ) Amortization of prior service cost Amortization of unrecognized net loss 50 23 Net periodic pension cost $ (9 ) $ (35 ) Pension Benefits Six months ended June 30, 2015 2014 Net periodic pension cost: Service cost Interest cost $ 348 $ 338 Expected return on plan assets (466 ) (454 ) Amortization of prior service cost Amortization of unrecognized net loss 100 46 Net periodic pension cost $ (18 ) $ (70 )

Summary of significant accoun16

Summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Nature of operations	Nature of operations: Peoples Financial Services Corp., a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Peoples Security Bank and Trust Company (“Peoples Bank”), including its subsidiaries, Peoples Advisors, LLC and Penseco Realty, Inc. (collectively, the “Company” or “Peoples”). The Company services its retail and commercial customers through twenty-six full-service community banking offices located within the Lackawanna, Lehigh, Luzerne, Monroe, Susquehanna, Wayne and Wyoming Counties of Pennsylvania and Broome County of New York.
Basis of presentation	Basis of presentation: The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP’) for interim financial information and with the instructions to Form 10-Q and Article 10-01 of Regulation S-X. In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. All significant intercompany balances and transactions have been eliminated in consolidation. Prior-period amounts are reclassified when necessary to conform to the current year’s presentation. These reclassifications did not have any effect on the operating results or financial position of the Company. The operating results and financial position of the Company for the three and six months ended and as of June 30, 2015, are not necessarily indicative of the results of operations and financial position that may be expected in the future. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates that are particularly susceptible to material change in the near term relate to the determination of the allowance for loan losses, fair value of financial instruments, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the valuation of deferred tax assets, determination of other-than-temporary impairment losses on securities, impairment of goodwill and fair value of assets acquired and liabilities assumed in business combinations. Actual results could differ from those estimates. For additional information and disclosures required under GAAP, reference is made to the Company’s Annual Report on Form 10-K for the period ended December 31, 2014. The Company has evaluated events and transactions occurring subsequent to the balance sheet date of June 30, 2015, for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued.
Recent accounting standards	Recent accounting standards: In May 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-08, Business Combinations (Topic 805): “Pushdown Accounting—Amendments to SEC Paragraphs Pursuant to Staff Accounting Bulletin (“SAB”) 115.” This ASU rescinds certain SEC guidance in order to conform with ASU 2014-17, Pushdown Accounting. ASU 2014-17 was issued in November 2014 and provides a reporting entity that is a business or nonprofit activity (an “acquiree”) the option to apply pushdown accounting to its separate financial statements when an acquirer obtains control of the acquiree. SAB 115 became effective November 21, 2014. The adoption of ASU 2015-18 did not have a material effect on the operating results or financial position of the Company.

Other comprehensive income (l17

Other comprehensive income (loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss included in stockholders’ equity at June 30, 2015 and December 31, 2014 is as follows: June 30, 2015 December 31, 2014 Net unrealized gain on investment securities available-for-sale $ 4,768 $ 6,292 Related income taxes 1,669 2,202 Net of income taxes 3,099 4,090 Benefit plan adjustments (7,567 ) (7,567 ) Related income taxes (2,648 ) (2,648 ) Net of income taxes (4,919 ) (4,919 ) Accumulated other comprehensive loss $ (1,820 ) $ (829 )
Other Comprehensive Income (Loss) and Related Tax Effects	Other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2015 and 2014 is as follows: Three months ended June 30 2015 2014 Unrealized gain (loss) on investment securities available-for-sale $ (1,459 ) $ 1,242 Net gain on the sale of investment securities available-for-sale (1) (160 ) Other comprehensive income (loss) gain before taxes (1,459 ) 1,082 Income tax expense (benefit) (510 ) 378 Other comprehensive income (loss) $ (949 ) $ 704 Six months ended June 30 2015 2014 Unrealized gain (loss) on investment securities available-for-sale $ (692 ) $ 3,636 Net gain on the sale of investment securities available-for-sale (1) (832 ) (160 ) Other comprehensive income (loss) gain before taxes (1,524 ) 3,476 Income tax expense (benefit) (533 ) 1,216 Other comprehensive income (loss) $ (991 ) $ 2,260 (1) Represents amounts reclassified out of accumulated comprehensive income and included in gains on sale of investment securities on the consolidated statements of income and comprehensive income.

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	2015 2014 For the three months ended June 30 Basic Diluted Basic Diluted Net Income (Numerator) $ 4,431 $ 4,431 $ 3,331 $ 3,331 Average common shares outstanding (Denominator) 7,546,198 7,546,198 7,548,358 7,570,883 Earnings per share $ 0.59 $ 0.59 $ 0.44 $ 0.44 2015 2014 For the six months ended June 30 Basic Diluted Basic Diluted Net Income (Numerator) $ 9,475 $ 9,475 $ 8,029 $ 8,029 Average common shares outstanding (Denominator) 7,547,272 7,547,272 7,549,300 7,575,655 Earnings per share $ 1.26 $ 1.26 $ 1.06 $ 1.06

Investment securities (Tables)

Investment securities (Tables)	6 Months Ended
	Jun. 30, 2015
Amortized Cost and Fair Value of Investment Securities Aggregated by Investment Category	The amortized cost and fair value of investment securities aggregated by investment category at June 30, 2015 and December 31, 2014 are summarized as follows: June 30 2015 Amortized Gross Gross Fair Value Available-for-sale: U.S. Treasury securities $ 30,631 $ 84 $ 30 $ 30,685 U.S. Government-sponsored enterprises 85,377 490 5 85,862 State and municipals: Taxable 15,930 804 22 16,712 Tax-exempt 109,241 3,886 613 112,514 Mortgage-backed securities: U.S. Government agencies 32,995 156 62 33,089 U.S. Government-sponsored enterprises 39,848 250 170 39,928 Total $ 314,022 $ 5,670 $ 902 $ 318,790 Held-to-maturity: State and municipals Tax-exempt $ 7,369 $ 103 $ 53 $ 7,419 Mortgage-backed securities: U.S. Government agencies 93 1 94 U.S. Government-sponsored enterprises 6,164 427 6,591 Total $ 13,626 $ 531 $ 53 $ 14,104 December 31, 2014 Amortized Gross Gross Fair Value Available-for-sale: U.S. Treasury securities $ 48,393 $ 157 $ 48,550 U.S. Government-sponsored enterprises 95,990 337 $ 82 96,245 State and municipals: Taxable 16,490 943 26 17,407 Tax-exempt 87,954 4,971 24 92,901 Mortgage-backed securities: U.S. Government agencies 37,511 132 167 37,476 U.S. Government-sponsored enterprises 46,956 277 226 47,007 Total $ 333,294 $ 6,817 $ 525 $ 339,586 Held-to-maturity: Tax-exempt state and municipals $ 7,370 $ 105 $ 38 $ 7,437 Mortgage-backed securities: U.S. Government agencies 100 2 102 U.S. Government-sponsored enterprises 7,195 481 7,676 Total $ 14,665 $ 588 $ 38 $ 15,215
Fair Value and Unrealized Losses of Investment Securities in Continuous Unrealized Loss Position	The fair value and gross unrealized losses of investment securities with unrealized losses for which an other-than-temporary impairment (“OTTI”) has not been recognized at June 30, 2015 and December 31, 2014, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than 12 Months 12 Months or More Total June 30, 2015 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasury securities $ 10,044 $ 30 $ 10,044 $ 30 U.S. Government-sponsored enterprises 3,003 5 3,003 5 State and municipals: Taxable $ 545 $ 22 545 22 Tax-exempt 44,196 636 786 30 44,982 666 Mortgage-backed securities: U.S. Government agencies 7,457 26 5,402 36 12,859 62 U.S. Government-sponsored enterprises 13,785 68 3,721 102 17,506 170 Total $ 78,485 $ 765 $ 10,454 $ 190 $ 88,939 $ 955 Less Than 12 Months 12 Months or More Total December 31, 2014 Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Government-sponsored enterprises $ 21,228 $ 33 $ 7,954 $ 49 $ 29,182 $ 82 State and municipals: Taxable 544 26 544 26 Tax-exempt 4,702 23 2,423 39 7,125 62 Mortgage-backed securities: U.S. Government agencies 20,148 167 20,148 167 U.S. Government-sponsored enterprises 22,870 226 22,870 226 Total $ 68,948 $ 449 $ 10,921 $ 114 $ 79,869 $ 563
Available-for-Sale Securities [Member]
Maturity Distribution of Debt Securities	The maturity distribution of the fair value, which is the net carrying amount, of the debt securities classified as available-for-sale at June 30, 2015, is summarized as follows: June 30, 2015 Fair Value Within one year $ 28,289 After one but within five years 108,675 After five but within ten years 54,059 After ten years 54,750 245,773 Mortgage-backed securities 73,017 Total $ 318,790
Held-to-maturity Securities [Member]
Maturity Distribution of Debt Securities	The maturity distribution of the amortized cost and fair value, of debt securities classified as held-to-maturity at June 30, 2015, is summarized as follows: June 30, 2015 Amortized Fair Value Within one year After one but within five years $ 326 $ 330 After five but within ten years 176 180 After ten years 6,867 6,909 7,369 7,419 Mortgage-backed securities 6,257 6,685 Total $ 13,626 $ 14,104

Loans, net and allowance for 20

Loans, net and allowance for loan losses (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Major Classifications of Loans Outstanding	The major classifications of loans outstanding, net of deferred loan origination fees and costs at June 30, 2015 and December 31, 2014 are summarized as follows. Net deferred loan costs were $700 and $651 at June 30, 2015 and December 31, 2014. June 30, 2015 December 31, 2014 Commercial $ 322,418 $ 319,590 Real estate: Commercial 511,835 493,481 Residential 312,567 310,667 Consumer 84,721 86,156 Total $ 1,231,541 $ 1,209,894
Changes in Allowance for Loan Losses Account and Related Loans by Major Classification of Loans	The changes in the allowance for loan losses account by major classification of loan for the three and six months ended June 30, 2015 and 2014 are summarized as follows: Real estate June 30, 2015 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance April 1, 2015 $ 2,420 $ 3,087 $ 3,909 $ 1,387 $ 10,803 Charge-offs (3 ) (30 ) (35 ) (106 ) (174 ) Recoveries 3 5 3 38 49 Provisions 15 128 150 457 750 Ending balance $ 2,435 $ 3,190 $ 4,027 $ 1,776 $ 11,428 Real estate June 30, 2015 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance January 1, 2015 $ 2,321 $ 3,037 $ 3,690 $ 1,290 $ 10,338 Charge-offs (40 ) (79 ) (234 ) (186 ) (539 ) Recoveries 64 6 8 51 129 Provisions 90 226 563 621 1,500 Ending balance $ 2,435 $ 3,190 $ 4,027 $ 1,776 $ 11,428 Real estate June 30, 2014 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance April 1, 2014 $ 1,961 $ 2,473 $ 3,248 $ 1,177 $ 8,859 Charge-offs (29 ) (404 ) (270 ) (87 ) (790 ) Recoveries 1 269 35 47 352 Provisions 268 337 445 151 1,201 Ending balance $ 2,201 $ 2,675 $ 3,458 $ 1,288 $ 9,622 Real estate June 30, 2014 Commercial Commercial Residential Consumer Total Allowance for loan losses: Beginning Balance January 1, 2014 $ 2,008 $ 2,394 $ 3,135 $ 1,114 $ 8,651 Charge-offs (376 ) (432 ) (510 ) (155 ) (1,473 ) Recoveries 1 269 38 78 386 Provisions 568 444 795 251 2,058 Ending balance $ 2,201 $ 2,675 $ 3,458 $ 1,288 $ 9,622 The allocation of the allowance for loan losses and the related loans by major classifications of loans at June 30, 2015 and December 31, 2014 is summarized as follows: Real estate June 30, 2015 Commercial Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 2,435 $ 3,190 $ 4,027 $ 1,776 $ $ 11,428 Ending balance: individually evaluated for impairment 1,209 1,338 796 137 3,480 Ending balance: collectively evaluated for impairment 1,226 1,745 3,231 1,639 7,841 Ending balance: loans acquired with deteriorated credit quality $ $ 107 $ $ $ 107 Loans receivable: Ending balance $ 322,418 $ 511,835 $ 312,567 $ 84,721 $ $ 1,231,541 Ending balance: individually evaluated for impairment 1,948 6,080 4,385 137 12,550 Ending balance: collectively evaluated for impairment 319,448 504,379 308,127 $ 84,584 1,216,538 Ending balance: loans acquired with deteriorated credit quality $ 1,022 $ 1,376 $ 55 $ $ 2,453 Real estate December 31, 2014 Commercial Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 2,321 $ 3,037 $ 3,690 $ 1,290 $ $ 10,338 Ending balance: individually evaluated for impairment 1,072 805 767 38 2,682 Ending balance: collectively evaluated for impairment 1,081 2,125 2,921 1,252 7,379 Ending balance: loans acquired with deteriorated credit quality $ 168 $ 107 $ 2 $ 277 Loans receivable: Ending balance $ 319,590 $ 493,481 $ 310,667 $ 86,156 $ $ 1,209,894 Ending balance: individually evaluated for impairment 2,595 5,084 4,001 127 11,807 Ending balance: collectively evaluated for impairment 315,642 487,024 306,608 $ 86,029 1,195,303 Ending balance: loans acquired with deteriorated credit quality $ 1,353 $ 1,373 $ 58 $ $ 2,784
Major Classification of Loans Portfolio Summarized by Credit Quality	The following tables present the major classification of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at June 30, 2015 and December 31, 2014: June 30, 2015 Pass Special Substandard Doubtful Total Commercial $ 309,696 $ 6,171 $ 6,551 $ $ 322,418 Real estate: Commercial 486,289 13,280 12,266 511,835 Residential 301,962 1,865 8,740 312,567 Consumer 84,583 138 84,721 Total $ 1,182,530 $ 21,316 $ 27,695 $ $ 1,231,541 December 31, 2014: Pass Special Substandard Doubtful Total Commercial $ 306,066 $ 6,135 $ 7,389 $ $ 319,590 Real estate: Commercial 472,270 9,858 11,353 493,481 Residential 300,299 2,123 8,245 310,667 Consumer 86,037 13 106 86,156 Total $ 1,164,672 $ 18,129 $ 27,093 $ $ 1,209,894
Information Concerning Nonaccrual Loans by Major Loan Classification	Information concerning nonaccrual loans by major loan classification at June 30, 2015 and December 31, 2014 is summarized as follows: June 30, 2015 December 31, 2014 Commercial $ 1,499 $ 1,322 Real estate: Commercial 3,468 3,732 Residential 3,881 3,523 Consumer 135 122 Total $ 8,983 $ 8,699
Major Classifications of Loans by Past Due Status	The major classifications of loans by past due status are summarized as follows: June 30, 2015 30-59 Days 60-89 Days Greater Total Current Total Loans Loans > 90 Commercial $ 426 $ 61 $ 1,499 $ 1,986 $ 320,432 $ 322,418 Real estate: Commercial 3,000 205 3,468 6,673 505,162 511,835 Residential 1,098 1,708 4,611 7,417 305,150 312,567 $ 730 Consumer 654 232 477 1,363 83,358 84,721 342 Total $ 5,178 $ 2,206 $ 10,055 $ 17,439 $ 1,214,102 $ 1,231,541 $ 1,072 December 31, 2014 30-59 Days 60-89 Days Greater Total Current Total Loans Loans > 90 Commercial $ 898 $ 117 $ 1,322 $ 2,337 $ 317,253 $ 319,590 Real estate: Commercial 2,100 888 3,868 6,856 486,625 493,481 $ 136 Residential 3,154 1,239 4,585 8,978 301,689 310,667 1,062 Consumer 848 247 547 1,642 84,514 86,156 425 Total $ 7,000 $ 2,491 $ 10,322 $ 19,813 $ 1,190,081 $ 1,209,894 $ 1,623
Summarize Information in Concerning to Impaired Loans	The following tables summarize information concerning impaired loans as of and for the three and six months ended June 30, 2015 and June 30, 2014, and as of and for the year ended, December 31, 2014 by major loan classification: This Quarter Year-to-Date June 30, 2015 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 1,658 $ 3,184 $ 1,989 $ 17 $ 2,168 $ 37 Real estate: Commercial 2,140 2,852 2,169 28 2,366 47 Residential 2,734 2,917 2,503 1 2,488 2 Consumer 6 26 Total 6,532 8,953 6,667 46 7,048 86 With an allowance recorded: Commercial 1,312 1,312 $ 1,209 1,469 13 1,533 27 Real estate: Commercial 5,316 5,316 1,445 4,628 48 4,182 65 Residential 1,706 1,706 796 1,673 7 1,593 17 Consumer 137 137 137 114 91 Total 8,471 8,471 3,587 7,884 68 7,399 109 Commercial 2,970 4,496 1,209 3,458 30 3,701 64 Real estate: Commercial 7,456 8,168 1,445 6,797 76 6,548 112 Residential 4,440 4,623 796 4,176 8 4,081 19 Consumer 137 137 137 120 117 Total $ 15,003 $ 17,424 $ 3,587 $ 14,551 $ 114 $ 14,447 $ 195 For the Year Ended December 31, 2014 Recorded Unpaid Related Average Interest With no related allowance: Commercial $ 2,379 $ 4,084 $ 2,669 141 Real estate: Commercial 2,932 3,690 7,944 120 Residential 2,672 2,857 2,731 4 Consumer 83 83 94 Total 8,066 10,714 13,438 265 With an allowance recorded: Commercial 1,569 1,569 $ 1,240 1,787 $ 58 Real estate: Commercial 3,525 3,525 912 2,293 28 Residential 1,387 1,387 769 590 10 Consumer 44 44 38 10 1 Total 6,525 6,525 2,959 4,680 97 Commercial 3,948 5,653 1,240 4,456 199 Real estate: Commercial 6,457 7,215 912 10,237 148 Residential 4,059 4,244 769 3,321 14 Consumer 127 127 38 104 1 Total $ 14,591 $ 17,239 $ 2,959 $ 18,118 $ 362 This Quarter Year-to-Date June 30, 2014 Recorded Unpaid Related Average Interest Average Interest With no related allowance: Commercial $ 2,649 $ 4,470 $ 2,329 $ 28 $ 2,908 $ 52 Real estate: Commercial 9,899 12,619 9,929 19 10,077 38 Residential 2,720 2,908 2,730 1 2,801 2 Consumer 97 97 113 111 Total 15,365 20,094 15,101 48 15,897 92 With an allowance recorded: Commercial 1,757 1,757 $ 1,157 1,743 23 1,853 43 Real estate: Commercial 1,387 1,387 527 1,395 14 1,397 29 Residential 257 257 162 259 390 Consumer Total 3,401 3,401 1,846 3,397 37 3,640 72 Commercial 4,406 6,227 1,157 4,072 51 4,761 95 Real estate: Commercial 11,286 14,006 527 11,324 33 11,474 67 Residential 2,977 3,165 162 2,989 1 3,191 2 Consumer 97 97 113 111 Total $ 18,766 $ 23,495 $ 1,846 $ 18,498 $ 85 $ 19,537 $ 164

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of Other Assets	The components of other assets at June 30, 2015, and December 31, 2014 are summarized as follows: June 30, December 31, Other real estate owned $ 334 $ 561 Investment in residential housing program 7,044 4,329 Mortgage servicing rights 566 676 Bank owned life insurance 30,374 29,983 Restricted equity securities 3,357 3,687 Other assets 14,785 13,830 Total $ 56,460 $ 53,066

Fair value estimates (Tables)

Fair value estimates (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis at June 30, 2015 and December 31, 2014 are summarized as follows: Fair Value Measurement Using June 30, 2015 Amount Quoted Prices in (Level 1) Significant Other Observable (Level 2) Significant (Level 3) U.S. Treasury securities $ 30,685 $ 30,685 $ U.S. Government-sponsored enterprises 85,862 $ 85,862 State and Municipals: Taxable 16,712 16,712 Tax-exempt 112,514 112,514 Corporate debt securities Mortgage-backed securities: U.S. Government agencies 33,089 33,089 U.S. Government-sponsored enterprises 39,928 39,928 Total $ 318,790 $ 30,685 $ 288,105 $ Fair Value Measurement Using December 31, 2014 Amount Quoted Prices in (Level 1) Significant Other Observable (Level 2) Significant (Level 3) U.S. Treasury securities $ 48,550 $ 48,550 $ U.S. Government-sponsored enterprises 96,245 $ 96,245 State and Municipals: Taxable 17,407 17,407 Tax-exempt 92,901 92,901 Corporate debt securities Mortgage-backed securities: U.S. Government agencies 37,476 37,476 U.S. Government-sponsored enterprises 47,007 47,007 Total $ 339,586 $ 48,550 $ 291,036 $
Schedule of Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	Assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2015 and December 31, 2014 are summarized as follows: Fair Value Measurement Using June 30, 2015 Amount Quoted Prices in Identical Assets Significant Other Observable (Level 2) Significant Inputs (Level 3) Impaired loans $ 6,448 $ 6,448 Other real estate owned $ 88 $ 88 Fair Value Measurement Using December 31, 2014 Amount Quoted Prices in Significant Other Observable Inputs (Level 2) Significant Impaired loans $ 4,414 $ 4,414 Other real estate owned $ 218 $ 218
Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: Quantitative Information about Level 3 Fair Value Measurements June 30, 2015 Fair Value Estimate Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 6,448 Appraisal of collateral Appraisal adjustments 14.0% to 63.0% (24.2%) Liquidation expenses 3.0% to 6.0% (5.4%) Other real estate owned $ 88 Appraisal of collateral Appraisal adjustments 20.0% to 73.5% (53.4%) Liquidation expenses 3.0% to 6.0% (5.0%) Quantitative Information about Level 3 Fair Value Measurements December 31, 2014 Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 4,414 Appraisal of collateral Appraisal adjustments 2.6% to 61.1% (24.5%) Liquidation expenses 3.0% to 6.0% (5.5%) Other real estate owned $ 218 Appraisal of collateral Appraisal adjustments 19.7% to 47.8% (30.5%) Liquidation expenses 3.0% to 6.0% (5.0%)
Carrying and Fair Values of Financial Instruments	The carrying and fair values of the Company’s financial instruments at June 30, 2015 and December 31, 2014 and their placement within the fair value hierarchy are as follows: Fair Value Hierarchy June 30, 2015 Carrying Fair Value Quoted Prices in Significant Other Observable (level 2) Significant (Level 3) Financial assets: Cash and cash equivalents $ 35,557 $ 35,557 $ 35,557 Investment securities: Available-for-sale 318,790 318,790 $ 30,685 $ 288,105 Held-to-maturity 13,626 14,104 14,104 Loans held for sale 2,879 2,883 2,883 Net loans 1,220,113 1,229,055 $ 1,229,055 Accrued interest receivable 5,507 5,507 5,507 Mortgage servicing rights 566 1,227 1,227 Restricted equity securities 3,357 3,357 3,357 Total $ 1,600,395 $ 1,610,480 Financial liabilities: Deposits $ 1,424,767 $ 1,425,821 1,425,821 Short-term borrowings 25,860 25,860 25,860 Long-term debt 31,663 33,145 33,145 Accrued interest payable 443 443 $ 443 Total $ 1,482,733 $ 1,485,269 Fair Value Hierarchy December 31, 2014 Carrying Fair Value Quoted Prices in Significant Other Observable (level 2) Significant (Level 3) Financial assets: Cash and cash equivalents $ 31,426 $ 31,426 $ 31,426 Investment securities: Available-for-sale 339,586 339,586 $ 48,550 $ 291,036 Held-to-maturity 14,665 15,215 15,215 Loans held for sale 3,486 3,492 3,492 Net loans 1,199,556 1,210,369 $ 1,210,369 Accrued interest receivable 5,580 5,580 5,580 Mortgage servicing rights 676 1,466 1,466 Restricted equity securities 3,687 3,687 3,687 Total $ 1,598,662 $ 1,610,821 Financial liabilities: Deposits $ 1,425,558 $ 1,427,081 1,427,081 Short-term borrowings 19,557 19,557 19,557 Long-term debt 33,140 34,772 34,772 Accrued interest payable 574 574 $ 574 Total $ 1,478,829 $ 1,481,984

Employee benefit plans (Tables)

Employee benefit plans (Tables)	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	Components of net periodic benefit cost are as follows: Pension Benefits Three months ended June 30, 2015 2014 Net periodic pension cost: Service cost Interest cost $ 174 $ 169 Expected return on plan assets (233 ) (227 ) Amortization of prior service cost Amortization of unrecognized net loss 50 23 Net periodic pension cost $ (9 ) $ (35 ) Pension Benefits Six months ended June 30, 2015 2014 Net periodic pension cost: Service cost Interest cost $ 348 $ 338 Expected return on plan assets (466 ) (454 ) Amortization of prior service cost Amortization of unrecognized net loss 100 46 Net periodic pension cost $ (18 ) $ (70 )

Summary of significant accoun24

Summary of significant accounting policies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Office
Accounting Policies [Abstract]
Number of full-service community banking offices	26

Other comprehensive income (l25

Other comprehensive income (loss) - Components of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Equity [Abstract]
Net unrealized gain on investment securities available-for-sale	$ 4,768	$ 6,292
Related income taxes	1,669	2,202
Net of income taxes	3,099	4,090
Benefit plan adjustments	(7,567)	(7,567)
Related income taxes	(2,648)	(2,648)
Net of income taxes	(4,919)	(4,919)
Accumulated other comprehensive loss	$ (1,820)	$ (829)

Other comprehensive income (l26

Other comprehensive income (loss) - Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gain (loss) on investment securities available-for-sale	$ (1,459)	$ 1,242	$ (692)	$ 3,636
Net gain on the sale of investment securities available-for-sale		(160)	(832)	(160)
Other comprehensive income (loss) gain before taxes	(1,459)	1,082	(1,524)	3,476
Income tax expense (benefit)	(510)	378	(533)	1,216
Other comprehensive income (loss)	(949)	704	(991)	2,260
Reclassification Out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Unrealized gain (loss) on investment securities available-for-sale	(1,459)	1,242	(692)	3,636
Net gain on the sale of investment securities available-for-sale		(160)	(832)	(160)
Other comprehensive income (loss) gain before taxes	(1,459)	1,082	(1,524)	3,476
Income tax expense (benefit)	(510)	378	(533)	1,216
Other comprehensive income (loss)	$ (949)	$ 704	$ (991)	$ 2,260

Earnings per share - Additional

Earnings per share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Anti-dilutive shares	0	0	0	0

Earnings per share - Schedule o

Earnings per share - Schedule of Earnings per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net Income (Numerator), Basic	$ 4,431	$ 3,331	$ 9,475	$ 8,029
Average common shares outstanding (Denominator), Basic	7,546,198	7,548,358	7,547,272	7,549,300
Earnings per share, Basic	$ 0.59	$ 0.44	$ 1.26	$ 1.06
Net Income (Numerator), Diluted	$ 4,431	$ 3,331	$ 9,475	$ 8,029
Average common shares outstanding (Denominator), Diluted	7,546,198	7,570,883	7,547,272	7,575,655
Earnings per share, Diluted	$ 0.59	$ 0.44	$ 1.26	$ 1.06

Investment securities - Amortiz

Investment securities - Amortized Cost and Fair Value of Investment Securities Aggregated by Investment Category (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	$ 314,022	$ 333,294
Available-for-sale, Gross Unrealized Gains	5,670	6,817
Available-for-sale, Gross Unrealized Losses	902	525
Available-for-sale, Fair Value	318,790	339,586
Total Amortized Cost, Held to maturity	13,626	14,665
Held-to-maturity, Gross Unrealized Gains	531	588
Held-to-maturity, Gross Unrealized Losses	53	38
Held-to-maturity, Fair Value	14,104	15,215
State and Municipals Tax Exempt Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Total Amortized Cost, Held to maturity	7,369	7,370
Held-to-maturity, Gross Unrealized Gains	103	105
Held-to-maturity, Gross Unrealized Losses	53	38
Held-to-maturity, Fair Value	7,419	7,437
Mortgage-Backed Securities, U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	32,995	37,511
Available-for-sale, Gross Unrealized Gains	156	132
Available-for-sale, Gross Unrealized Losses	62	167
Available-for-sale, Fair Value	33,089	37,476
Total Amortized Cost, Held to maturity	93	100
Held-to-maturity, Gross Unrealized Gains	1	2
Held-to-maturity, Fair Value	94	102
Mortgage-Backed Securities, U.S. Government-Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	39,848	46,956
Available-for-sale, Gross Unrealized Gains	250	277
Available-for-sale, Gross Unrealized Losses	170	226
Available-for-sale, Fair Value	39,928	47,007
Total Amortized Cost, Held to maturity	6,164	7,195
Held-to-maturity, Gross Unrealized Gains	427	481
Held-to-maturity, Fair Value	6,591	7,676
U.S. Government-Sponsored Enterprises State and Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	85,377	95,990
Available-for-sale, Gross Unrealized Gains	490	337
Available-for-sale, Gross Unrealized Losses	5	82
Available-for-sale, Fair Value	85,862	96,245
U.S. Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	30,631	48,393
Available-for-sale, Gross Unrealized Gains	84	157
Available-for-sale, Gross Unrealized Losses	30
Available-for-sale, Fair Value	30,685	48,550
State and Municipals, Taxable [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	15,930	16,490
Available-for-sale, Gross Unrealized Gains	804	943
Available-for-sale, Gross Unrealized Losses	22	26
Available-for-sale, Fair Value	16,712	17,407
State and Municipals, Tax-Exempt [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale, Amortized Cost	109,241	87,954
Available-for-sale, Gross Unrealized Gains	3,886	4,971
Available-for-sale, Gross Unrealized Losses	613	24
Available-for-sale, Fair Value	$ 112,514	$ 92,901

Investment securities - Maturit

Investment securities - Maturity Distribution of Debt Securities Classified as Available-for-Sale (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Within one year	$ 28,289
After one but within five years	108,675
After five but within ten years	54,059
After ten years	54,750
Available for sale securities	245,773
Mortgage-backed securities	73,017
Total	$ 318,790	$ 339,586

Investment securities - Summary

Investment securities - Summary of Amortized Cost and Fair Value of Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Within one year, Held to Maturity	$ 0
Amortized Cost, After one but within five years, Held to maturity	326
Amortized Cost, After five but within ten years, Held to maturity	176
Amortized Cost, After ten years, Held to maturity	6,867
Amortized Cost, Held to maturity	7,369
Amortized Cost, Mortgage-backed securities, Held to maturity	6,257
Total Amortized Cost, Held to maturity	13,626	$ 14,665
Fair Value, Within one year, Held to Maturity	0
Fair Value, After one but within five years, Held to maturity	330
Fair Value, After five but within ten years, Held to maturity	180
Fair Value, After ten years, Held to maturity	6,909
Fair Value, Held to maturity	7,419
Fair Value, Mortgage-backed securities, Held to maturity	6,685
Held to maturity, Fair Value	$ 14,104	$ 15,215

Investment securities - Additio

Investment securities - Additional Information (Detail)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Security	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)Security
Schedule of Available-for-sale Securities [Line Items]
Carrying value of securities pledged | $	$ 191,687,000	$ 216,192,000	$ 191,687,000		$ 191,687,000		$ 216,192,000
Number of investment securities held					110		52
State and Municipals, Tax-Exempt [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities held					84		16
Number of securities in continuous unrealized loss positions 12 months or longer					3		4
State and Municipals, Taxable [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities held					1		1
Number of securities in continuous unrealized loss positions 12 months or longer					1		1
Credit Concentration Risk [Member] | Stockholders' Equity, Total [Member] | Us Government Agency And Sponsored Enterprises [Member] | Greater Than [Member]
Schedule of Available-for-sale Securities [Line Items]
Maximum percentage of stockholders' equity exceeded for securities of any individual issuer	10.00%	10.00%
U.S. Government-Sponsored Enterprises State and Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities held					1		9
Number of securities in continuous unrealized loss positions 12 months or longer							2
Other-than-temporary impairments recognized | $			$ 0	$ 0	$ 0	$ 0
Mortgage-Backed Securities, U.S. Government-Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities held					22		26
Number of securities in continuous unrealized loss positions 12 months or longer					6
U.S. Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of investment securities held					2

Investment securities - Fair Va

Investment securities - Fair Value and Unrealized Losses of Investment Securities in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	$ 78,485	$ 68,948
Less Than 12 Months, Unrealized Losses	765	449
12 Months or More, Fair Value	10,454	10,921
12 Months or More, Unrealized Losses	190	114
Total, Fair Value	88,939	79,869
Total, Unrealized Losses	955	563
State and Municipals, Taxable [Member]
Schedule of Available-for-sale Securities [Line Items]
12 Months or More, Fair Value	545	544
12 Months or More, Unrealized Losses	22	26
Total, Fair Value	545	544
Total, Unrealized Losses	22	26
State and Municipals, Tax-Exempt [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	44,196	4,702
Less Than 12 Months, Unrealized Losses	636	23
12 Months or More, Fair Value	786	2,423
12 Months or More, Unrealized Losses	30	39
Total, Fair Value	44,982	7,125
Total, Unrealized Losses	666	62
U.S. Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	10,044
Less Than 12 Months, Unrealized Losses	30
Total, Fair Value	10,044
Total, Unrealized Losses	30
U.S. Government-Sponsored Enterprises State and Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	3,003	21,228
Less Than 12 Months, Unrealized Losses	5	33
12 Months or More, Fair Value		7,954
12 Months or More, Unrealized Losses		49
Total, Fair Value	3,003	29,182
Total, Unrealized Losses	5	82
Mortgage-Backed Securities, U.S. Government Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	7,457	20,148
Less Than 12 Months, Unrealized Losses	26	167
12 Months or More, Fair Value	5,402
12 Months or More, Unrealized Losses	36
Total, Fair Value	12,859	20,148
Total, Unrealized Losses	62	167
Mortgage-Backed Securities, U.S. Government-Sponsored Enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Less Than 12 Months, Fair Value	13,785	22,870
Less Than 12 Months, Unrealized Losses	68	226
12 Months or More, Fair Value	3,721
12 Months or More, Unrealized Losses	102
Total, Fair Value	17,506	22,870
Total, Unrealized Losses	$ 170	$ 226

Loans, net and allowance for 34

Loans, net and allowance for loan losses - Additional Information (Detail)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)SecurityLoan	Jun. 30, 2014USD ($)SecurityLoan	Jun. 30, 2015USD ($)SecurityLoan	Jun. 30, 2014USD ($)SecurityLoan
Receivables [Abstract]
Net deferred loan costs	$ 700,000	$ 651,000		$ 700,000		$ 700,000
Loans receivable, related parties, considered as nonaccrual, past due or restructured or potential credit risk	$ 3,046,000	$ 2,933,000	$ 1,900,000
Number of loans modified as troubled debt restructuring | SecurityLoan				4	0	8	0
Number of defaults on loans restructured				$ 0	$ 0	$ 0	$ 0
Loans modified as troubled debt restructuring				$ 170,000		$ 554,000

Loans, net and allowance for 35

Loans, net and allowance for loan losses - Major Classifications of Loans Outstanding (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 1,231,541	$ 1,209,894
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	322,418	319,590
Real Estate Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	511,835	493,481
Real Estate Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	312,567	310,667
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 84,721	$ 86,156

Loans, net and allowance for 36

Loans, net and allowance for loan losses - Changes in Allowance for Loan Losses Account by Major Classification of Loan (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Allowance for loan losses:
Beginning Balance	$ 10,803	$ 8,859	$ 10,338	$ 8,651
Charge-offs	(174)	(790)	(539)	(1,473)
Recoveries	49	352	129	386
Provisions	750	1,201	1,500	2,058
Ending balance	11,428	9,622	11,428	9,622
Commercial [Member]
Allowance for loan losses:
Beginning Balance	2,420	1,961	2,321	2,008
Charge-offs	(3)	(29)	(40)	(376)
Recoveries	3	1	64	1
Provisions	15	268	90	568
Ending balance	2,435	2,201	2,435	2,201
Real Estate Commercial [Member]
Allowance for loan losses:
Beginning Balance	3,087	2,473	3,037	2,394
Charge-offs	(30)	(404)	(79)	(432)
Recoveries	5	269	6	269
Provisions	128	337	226	444
Ending balance	3,190	2,675	3,190	2,675
Real Estate Residential [Member]
Allowance for loan losses:
Beginning Balance	3,909	3,248	3,690	3,135
Charge-offs	(35)	(270)	(234)	(510)
Recoveries	3	35	8	38
Provisions	150	445	563	795
Ending balance	4,027	3,458	4,027	3,458
Consumer [Member]
Allowance for loan losses:
Beginning Balance	1,387	1,177	1,290	1,114
Charge-offs	(106)	(87)	(186)	(155)
Recoveries	38	47	51	78
Provisions	457	151	621	251
Ending balance	$ 1,776	$ 1,288	$ 1,776	$ 1,288

Loans, net and allowance for 37

Loans, net and allowance for loan losses - Allocation of Allowance for Loan Losses and Related Loans by Major Classification of Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Allowance for loan losses:
Ending balance: individually evaluated for impairment	$ 3,480	$ 2,682
Ending balance: collectively evaluated for impairment	7,841	7,379
Loans receivable:
Ending balance	1,231,541	1,209,894
Ending balance: individually evaluated for impairment	12,550	11,807
Ending balance: collectively evaluated for impairment	1,216,538	1,195,303
Loans Acquired with Deteriorated Credit Quality [Member]
Loans receivable:
Ending balance	2,453	2,784
Commercial [Member]
Allowance for loan losses:
Ending balance: individually evaluated for impairment	1,209	1,072
Ending balance: collectively evaluated for impairment	1,226	1,081
Loans receivable:
Ending balance	322,418	319,590
Ending balance: individually evaluated for impairment	1,948	2,595
Ending balance: collectively evaluated for impairment	319,448	315,642
Commercial [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans receivable:
Ending balance	1,022	1,353
Real Estate Commercial [Member]
Allowance for loan losses:
Ending balance: individually evaluated for impairment	1,338	805
Ending balance: collectively evaluated for impairment	1,745	2,125
Loans receivable:
Ending balance	511,835	493,481
Ending balance: individually evaluated for impairment	6,080	5,084
Ending balance: collectively evaluated for impairment	504,379	487,024
Real Estate Commercial [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans receivable:
Ending balance	1,376	1,373
Real Estate Residential [Member]
Allowance for loan losses:
Ending balance: individually evaluated for impairment	796	767
Ending balance: collectively evaluated for impairment	3,231	2,921
Loans receivable:
Ending balance	312,567	310,667
Ending balance: individually evaluated for impairment	4,385	4,001
Ending balance: collectively evaluated for impairment	308,127	306,608
Real Estate Residential [Member] | Loans Acquired with Deteriorated Credit Quality [Member]
Loans receivable:
Ending balance	55	58
Consumer [Member]
Allowance for loan losses:
Ending balance: individually evaluated for impairment	137	38
Ending balance: collectively evaluated for impairment	1,639	1,252
Loans receivable:
Ending balance	84,721	86,156
Ending balance: individually evaluated for impairment	137	127
Ending balance: collectively evaluated for impairment	$ 84,584	$ 86,029

Loans, net and allowance for 38

Loans, net and allowance for loan losses - Major Classification of Loans Portfolio Summarized by Credit Quality (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 1,231,541	$ 1,209,894
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	322,418	319,590
Real Estate Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	511,835	493,481
Real Estate Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	312,567	310,667
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	84,721	86,156
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	1,182,530	1,164,672
Pass [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	309,696	306,066
Pass [Member] | Real Estate Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	486,289	472,270
Pass [Member] | Real Estate Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	301,962	300,299
Pass [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	84,583	86,037
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	21,316	18,129
Special Mention [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	6,171	6,135
Special Mention [Member] | Real Estate Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	13,280	9,858
Special Mention [Member] | Real Estate Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	1,865	2,123
Special Mention [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net		13
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	27,695	27,093
Substandard [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	6,551	7,389
Substandard [Member] | Real Estate Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	12,266	11,353
Substandard [Member] | Real Estate Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	8,740	8,245
Substandard [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 138	$ 106

Loans, net and allowance for 39

Loans, net and allowance for loan losses - Information Concerning Nonaccrual Loans by Major Loan Classification (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans, Total	$ 8,983	$ 8,699
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans, Total	1,499	1,322
Real Estate Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans, Total	3,468	3,732
Real Estate Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans, Total	3,881	3,523
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Nonaccrual loans, Total	$ 135	$ 122

Loans, net and allowance for 40

Loans, net and allowance for loan losses - Major Classifications of Loans by Past Due Status (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 17,439	$ 19,813
Current	1,214,102	1,190,081
Total Loans	1,231,541	1,209,894
Loans > 90 Days and Accruing	1,072	1,623
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,178	7,000
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,206	2,491
Greater than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10,055	10,322
Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,986	2,337
Current	320,432	317,253
Total Loans	322,418	319,590
Commercial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	426	898
Commercial [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	61	117
Commercial [Member] | Greater than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,499	1,322
Real Estate Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,673	6,856
Current	505,162	486,625
Total Loans	511,835	493,481
Loans > 90 Days and Accruing		136
Real Estate Commercial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,000	2,100
Real Estate Commercial [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	205	888
Real Estate Commercial [Member] | Greater than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,468	3,868
Real Estate Residential [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,417	8,978
Current	305,150	301,689
Total Loans	312,567	310,667
Loans > 90 Days and Accruing	730	1,062
Real Estate Residential [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,098	3,154
Real Estate Residential [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,708	1,239
Real Estate Residential [Member] | Greater than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4,611	4,585
Consumer [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,363	1,642
Current	83,358	84,514
Total Loans	84,721	86,156
Loans > 90 Days and Accruing	342	425
Consumer [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	654	848
Consumer [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	232	247
Consumer [Member] | Greater than 90 Days [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 477	$ 547

Loans, net and allowance for 41

Loans, net and allowance for loan losses - Summarize Information in Concerning to Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance, Total	$ 6,532	$ 15,365	$ 6,532	$ 15,365	$ 8,066
Unpaid Principal Balance, With no related allowance, Total	8,953	20,094	8,953	20,094	10,714
Average Recorded Investment, With no related allowance, Total	6,667	15,101	7,048	15,897	13,438
Interest Income Recognized, With no related allowance, Total	46	48	86	92	265
Recorded Investment, With an allowance recorded, Total	8,471	3,401	8,471	3,401	6,525
Unpaid Principal Balance, With an allowance recorded, Total	8,471	3,401	8,471	3,401	6,525
Related Allowance, With an allowance recorded, Total	3,587	1,846	3,587	1,846	2,959
Average Recorded Investment, With an allowance recorded, Total	7,884	3,397	7,399	3,640	4,680
Interest Income Recognized, With an allowance recorded, Total	68	37	109	72	97
Recorded Investment, Total	15,003	18,766	15,003	18,766	14,591
Unpaid Principal Balance, Total	17,424	23,495	17,424	23,495	17,239
Related Allowance, With an allowance recorded, Total	3,587	1,846	3,587	1,846	2,959
Average Recorded Investment, Total	14,551	18,498	14,447	19,537	18,118
Interest Income Recognized, Total	114	85	195	164	362
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance, Total	1,658	2,649	1,658	2,649	2,379
Unpaid Principal Balance, With no related allowance, Total	3,184	4,470	3,184	4,470	4,084
Average Recorded Investment, With no related allowance, Total	1,989	2,329	2,168	2,908	2,669
Interest Income Recognized, With no related allowance, Total	17	28	37	52	141
Recorded Investment, With an allowance recorded, Total	1,312	1,757	1,312	1,757	1,569
Unpaid Principal Balance, With an allowance recorded, Total	1,312	1,757	1,312	1,757	1,569
Related Allowance, With an allowance recorded, Total	1,209	1,157	1,209	1,157	1,240
Average Recorded Investment, With an allowance recorded, Total	1,469	1,743	1,533	1,853	1,787
Interest Income Recognized, With an allowance recorded, Total	13	23	27	43	58
Recorded Investment, Total	2,970	4,406	2,970	4,406	3,948
Unpaid Principal Balance, Total	4,496	6,227	4,496	6,227	5,653
Related Allowance, With an allowance recorded, Total	1,209	1,157	1,209	1,157	1,240
Average Recorded Investment, Total	3,458	4,072	3,701	4,761	4,456
Interest Income Recognized, Total	30	51	64	95	199
Real Estate Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance, Total	2,140	9,899	2,140	9,899	2,932
Unpaid Principal Balance, With no related allowance, Total	2,852	12,619	2,852	12,619	3,690
Average Recorded Investment, With no related allowance, Total	2,169	9,929	2,366	10,077	7,944
Interest Income Recognized, With no related allowance, Total	28	19	47	38	120
Recorded Investment, With an allowance recorded, Total	5,316	1,387	5,316	1,387	3,525
Unpaid Principal Balance, With an allowance recorded, Total	5,316	1,387	5,316	1,387	3,525
Related Allowance, With an allowance recorded, Total	1,445	527	1,445	527	912
Average Recorded Investment, With an allowance recorded, Total	4,628	1,395	4,182	1,397	2,293
Interest Income Recognized, With an allowance recorded, Total	48	14	65	29	28
Recorded Investment, Total	7,456	11,286	7,456	11,286	6,457
Unpaid Principal Balance, Total	8,168	14,006	8,168	14,006	7,215
Related Allowance, With an allowance recorded, Total	1,445	527	1,445	527	912
Average Recorded Investment, Total	6,797	11,324	6,548	11,474	10,237
Interest Income Recognized, Total	76	33	112	67	148
Real Estate Residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance, Total	2,734	2,720	2,734	2,720	2,672
Unpaid Principal Balance, With no related allowance, Total	2,917	2,908	2,917	2,908	2,857
Average Recorded Investment, With no related allowance, Total	2,503	2,730	2,488	2,801	2,731
Interest Income Recognized, With no related allowance, Total	1	1	2	2	4
Recorded Investment, With an allowance recorded, Total	1,706	257	1,706	257	1,387
Unpaid Principal Balance, With an allowance recorded, Total	1,706	257	1,706	257	1,387
Related Allowance, With an allowance recorded, Total	796	162	796	162	769
Average Recorded Investment, With an allowance recorded, Total	1,673	259	1,593	390	590
Interest Income Recognized, With an allowance recorded, Total	7		17		10
Recorded Investment, Total	4,440	2,977	4,440	2,977	4,059
Unpaid Principal Balance, Total	4,623	3,165	4,623	3,165	4,244
Related Allowance, With an allowance recorded, Total	796	162	796	162	769
Average Recorded Investment, Total	4,176	2,989	4,081	3,191	3,321
Interest Income Recognized, Total	8	1	19	2	14
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance, Total		97		97	83
Unpaid Principal Balance, With no related allowance, Total		97		97	83
Average Recorded Investment, With no related allowance, Total	6	113	26	111	94
Recorded Investment, With an allowance recorded, Total	137		137		44
Unpaid Principal Balance, With an allowance recorded, Total	137		137		44
Related Allowance, With an allowance recorded, Total	137		137		38
Average Recorded Investment, With an allowance recorded, Total	114		91		10
Interest Income Recognized, With an allowance recorded, Total					1
Recorded Investment, Total	137	97	137	97	127
Unpaid Principal Balance, Total	137	97	137	97	127
Related Allowance, With an allowance recorded, Total	137		137		38
Average Recorded Investment, Total	$ 120	$ 113	$ 117	$ 111	104
Interest Income Recognized, Total					$ 1

Other assets - Components of Ot

Other assets - Components of Other Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other real estate owned	$ 334	$ 561
Investment in residential housing program	7,044	4,329
Mortgage servicing rights	566	676
Bank owned life insurance	30,374	29,983
Restricted equity securities	3,357	3,687
Other assets	14,785	13,830
Total	$ 56,460	$ 53,066

Fair value estimates - Addition

Fair value estimates - Additional Information (Detail)	Jun. 30, 2015USD ($)
Fair Value Disclosures [Abstract]
Commitments subject to undue credit risk	$ 0

Fair value estimates - Schedule

Fair value estimates - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 318,790	$ 339,586
U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	30,685	48,550
U.S. Government-Sponsored Enterprises State and Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	85,862	96,245
State and Municipals, Taxable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	16,712	17,407
State and Municipals, Tax-Exempt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	112,514	92,901
Mortgage-Backed Securities, U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	33,089	37,476
Mortgage-Backed Securities, U.S. Government-Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	39,928	47,007
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	30,685	48,550
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	30,685	48,550
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	288,105	291,036
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government-Sponsored Enterprises State and Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	85,862	96,245
Significant Other Observable Inputs (Level 2) [Member] | State and Municipals, Taxable [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	16,712	17,407
Significant Other Observable Inputs (Level 2) [Member] | State and Municipals, Tax-Exempt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	112,514	92,901
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities, U.S. Government Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	33,089	37,476
Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities, U.S. Government-Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 39,928	$ 47,007

Fair value estimates - Schedu45

Fair value estimates - Schedule of Assets and Liabilities Measured at Fair Value on Nonrecurring Basis (Detail) - Nonrecurring Fair Value Measurements [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 6,448	$ 4,414
Other real estate owned	88	218
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	6,448	4,414
Other real estate owned	$ 88	$ 218

Fair value estimates - Additi46

Fair value estimates - Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Nonrecurring Fair Value Measurements [Member] - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, Fair Value Estimate	$ 88	$ 218
Valuation Techniques	Appraisal of collateral	Appraisal of collateral
Unobservable Input	Appraisal adjustments	Appraisal adjustments
Range and weighted average of appraisal adjustments	53.40%	30.50%
Range and weighted average of liquidation expenses	5.00%	5.00%
Other Real Estate Owned [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range and weighted average of appraisal adjustments	20.00%	19.70%
Range and weighted average of liquidation expenses	3.00%	3.00%
Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range and weighted average of appraisal adjustments	73.50%	47.80%
Range and weighted average of liquidation expenses	6.00%	6.00%
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets, Fair Value Estimate	$ 6,448	$ 4,414
Valuation Techniques	Appraisal of collateral	Appraisal of collateral
Unobservable Input	Appraisal adjustments	Appraisal Adjustments
Range and weighted average of appraisal adjustments	24.20%	24.50%
Range and weighted average of liquidation expenses	5.40%	5.50%
Impaired Loans [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range and weighted average of appraisal adjustments	14.00%	2.60%
Range and weighted average of liquidation expenses	3.00%	3.00%
Impaired Loans [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range and weighted average of appraisal adjustments	63.00%	61.10%
Range and weighted average of liquidation expenses	6.00%	6.00%

Fair value estimates - Carrying

Fair value estimates - Carrying and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investment securities:
Available-for-sale	$ 318,790	$ 339,586
Held-to-maturity	14,104	15,215
Mortgage servicing rights	566	676
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial assets:
Cash and cash equivalents	35,557	31,426
Investment securities:
Available-for-sale	30,685	48,550
Significant Other Observable Inputs (Level 2) [Member]
Investment securities:
Available-for-sale	288,105	291,036
Held-to-maturity	14,104	15,215
Loans held for sale	2,883	3,492
Accrued interest receivable	5,507	5,580
Mortgage servicing rights	1,227	1,466
Restricted equity securities	3,357	3,687
Financial liabilities:
Deposits	1,425,821	1,427,081
Short-term borrowings	25,860	19,557
Long-term debt	33,145	34,772
Accrued interest payable	443	574
Significant Unobservable Inputs (Level 3) [Member]
Investment securities:
Net loans	1,229,055	1,210,369
Carrying Value [Member]
Financial assets:
Cash and cash equivalents	35,557	31,426
Investment securities:
Available-for-sale	318,790	339,586
Held-to-maturity	13,626	14,665
Loans held for sale	2,879	3,486
Net loans	1,220,113	1,199,556
Accrued interest receivable	5,507	5,580
Mortgage servicing rights	566	676
Restricted equity securities	3,357	3,687
Assets, Fair Value Disclosure	1,600,395	1,598,662
Financial liabilities:
Deposits	1,424,767	1,425,558
Short-term borrowings	25,860	19,557
Long-term debt	31,663	33,140
Accrued interest payable	443	574
Liabilities, total	1,482,733	1,478,829
Fair Value [Member]
Financial assets:
Cash and cash equivalents	35,557	31,426
Investment securities:
Available-for-sale	318,790	339,586
Held-to-maturity	14,104	15,215
Loans held for sale	2,883	3,492
Net loans	1,229,055	1,210,369
Accrued interest receivable	5,507	5,580
Mortgage servicing rights	1,227	1,466
Restricted equity securities	3,357	3,687
Assets, Fair Value Disclosure	1,610,480	1,610,821
Financial liabilities:
Deposits	1,425,821	1,427,081
Short-term borrowings	25,860	19,557
Long-term debt	33,145	34,772
Accrued interest payable	443	574
Liabilities, total	$ 1,485,269	$ 1,481,984

Employee benefit plans - Additi

Employee benefit plans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Employee Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Salaries and employee benefits expense	$ 173	$ 584	$ 452	$ 834

Employee benefit plans - Compon

Employee benefit plans - Components of Net Periodic Benefit Cost (Detail) - Pension Benefits [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net periodic pension cost:
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	174	169	348	338
Expected return on plan assets	(233)	(227)	(466)	(454)
Amortization of prior service cost	0	0	0	0
Amortization of unrecognized net loss	50	23	100	46
Net periodic pension cost	$ (9)	$ (35)	$ (18)	$ (70)

Uncategorized Items - pfis-2015

Label	Element	Value
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	$ 3,331
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	4,431
Amortization of Intangible Assets	us-gaap_AmortizationOfIntangibleAssets	295
Amortization of Intangible Assets	us-gaap_AmortizationOfIntangibleAssets	333
Available-for-sale Securities, Gross Realized Gain (Loss)	us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet	160
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses	us-gaap_FinancingReceivableAllowanceForCreditLosses	107
Financing Receivable, Allowance for Credit Losses	us-gaap_FinancingReceivableAllowanceForCreditLosses	277
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses	us-gaap_FinancingReceivableAllowanceForCreditLosses	168
Commercial Real Estate Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses	us-gaap_FinancingReceivableAllowanceForCreditLosses	107
Financing Receivable, Allowance for Credit Losses	us-gaap_FinancingReceivableAllowanceForCreditLosses	107
Residential Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Allowance for Credit Losses	us-gaap_FinancingReceivableAllowanceForCreditLosses	$ 2