Mutualfirst Financial (MFSF) 10-K 15 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 13, 2016	Jun. 30, 2015
Document Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	mfsf
Entity Registrant Name	MUTUALFIRST FINANCIAL INC
Entity Central Index Key	1,094,810
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,448,543
Entity Public Float			$ 120,100,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and due from banks	$ 8,610	$ 7,475
Interest-bearing demand deposits	12,305	22,100
Cash and cash equivalents	20,915	29,575
Investment securities available for sale (carried at fair value)	261,138	260,806
Loans held for sale	5,991	6,140
Loans, net of allowance for loan losses of $12,641 and $13,168, at December 31, 2015 and 2014, respectively	1,068,204	1,003,518
Premises and equipment, net	31,048	30,939
Federal Home Loan Bank stock	10,482	11,964
Deferred tax asset, net	12,084	13,575
Cash value of life insurance	51,209	51,002
Goodwill	1,800	1,800
Core deposit and other intangibles	811	1,105
Other real estate owned and repossessed assets	2,456	3,305
Other assets	12,127	9,694
Total assets	1,478,265	1,423,423
Deposits
Noninterest-bearing	179,542	154,178
Interest-bearing	911,840	925,142
Total deposits	1,091,382	1,079,320
Federal Home Loan Bank advances	225,617	192,442
Other borrowings	9,458	10,174
Other liabilities	14,783	14,735
Total liabilities	$ 1,341,240	$ 1,296,671
Commitments and Contingencies
Stockholders' Equity
Common stock, $.01 par value Authorized - 20,000,000 shares Issued and outstanding - 7,422,061 and 7,236,002 shares at December 31, 2015 and December 31, 2014, respectively	$ 74	$ 72
Additional paid-in capital	77,363	74,916
Retained earnings	58,098	49,386
Accumulated other comprehensive income	1,490	2,378
Total stockholders' equity	137,025	126,752
Total liabilities and stockholders' equity	$ 1,478,265	$ 1,423,423

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Allowance for loan losses	$ 12,641	$ 13,168
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	20,000,000	20,000,000
Common stock, shares Issued	7,422,061	7,236,002
Common stock, shares outstanding	7,422,061	7,236,002

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest and Dividend Income
Loans receivable	$ 44,190	$ 43,522	$ 44,028
Investment securities	7,090	7,036	7,107
Federal Home Loan Bank stock	482	603	503
Deposits with financial institutions	14	17	29
Total interest and dividend income	51,776	51,178	51,667
Interest Expense
Deposits	5,259	6,128	9,337
Federal Home Loan Bank advances	3,063	2,225	1,284
Other	481	570	603
Total interest expense	8,803	8,923	11,224
Net Interest Income	42,973	42,255	40,443
Provision for loan losses	125	850	1,300
Net Interest Income After Provision for Loan Losses	42,848	41,405	39,143
Non-interest Income
Service fee income	5,947	5,995	5,989
Net realized gain on sales of available-for-sale securities	436	313	835
Commissions	4,603	4,868	4,354
Net gains on sales of loans	4,176	1,849	852
Net servicing fees	274	114	556
Increase in cash value of life insurance	1,184	1,158	1,396
Loss on sale of other real estate and repossessed assets	(111)	(53)	(320)
Other income	630	641	401
Total non-interest income	17,139	14,885	14,063
Non-interest Expenses
Salaries and employee benefits	25,526	23,560	22,492
Net occupancy expenses	2,260	2,258	2,087
Equipment expenses	1,831	1,872	1,837
Data processing fees	1,746	1,558	1,431
Advertising and promotion	1,193	1,497	1,464
ATM and debit card expenses	1,436	1,320	1,132
Deposit insurance	897	1,019	1,145
Professional fees	1,695	1,628	1,394
Software subscriptions and maintenance	1,749	1,652	1,452
Other real estate and repossessed assets	374	631	773
Other expenses	4,440	4,383	4,480
Total non-interest expenses	43,147	41,378	39,687
Income Before Income Tax	16,840	14,912	13,519
Income tax expense	4,578	3,866	4,136
Net Income	12,262	11,046	9,383
Preferred stock dividends and accretion			1,257
Net Income Available to Common Shareholders	$ 12,262	$ 11,046	$ 8,126
Earnings Per Share
Basic	$ 1.66	$ 1.54	$ 1.15
Diluted	1.62	1.49	1.12
Dividends per common share	$ 0.48	$ 0.32	$ 0.24

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,686	$ 2,518	$ 2,157	$ 2,022	$ 12,262	$ 11,046	$ 9,383
Other comprehensive income:
Net unrealized holding gain (loss) on securities available-for-sale													(1,186)	8,921	(9,810)
Net unrealized gain on securities available-for-sale for which a portion of an other-than-temporary impairment has been recognized in income													12	381	800
Reclassification adjustment for realized gains included in net income													(436)	(313)	(835)
Net unrealized gain on derivative used for cash flow hedges													108	150	157
Net unrealized gain (loss) relating to defined benefit plan													77	(209)	149
Other Comprehensive Income (Loss), before Tax, Total													(1,425)	8,930	(9,539)
Income tax (expense) benefit related to other comprehensive income													537	(3,137)	3,321
Other comprehensive income (loss), net of tax													(888)	5,793	(6,218)
Comprehensive Income													$ 11,374	$ 16,839	$ 3,165

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock [Member]	Paid-in Capital Preferred [Member]	Common Stock [Member]	Paid-in Capital Common [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Unearned Benefit Plan Shares [Member]	Total
Beginning Balance (As Previously Reported [Member]) at Dec. 31, 2012	$ 1	$ 28,923	$ 71	$ 72,610	$ 35,403	$ 2,803	$ (318)	$ 139,493
Beginning Balance at Dec. 31, 2012	1	28,923	71	72,610	34,207	2,803	(318)	138,297
Net income					9,383			9,383
Other comprehensive income (loss), net of taxes						(6,218)		(6,218)
Stock options, exercised				538				538
Stock options, vested				32				32
Stock repurchased and retired	$ (1)	$ (28,923)						(28,924)
Cash dividends, common stock					(1,696)			(1,696)
Cash dividends, preferred stock (5%)					(1,257)			(1,257)
ESOP shares earned				156			$ 318	474
Ending Balance at Dec. 31, 2013			71	73,336	40,637	(3,415)		110,629
Net income					11,046			11,046
Other comprehensive income (loss), net of taxes						5,793		5,793
Stock options, exercised			1	1,346				1,347
Tax benefit on stock options				234				234
Cash dividends, common stock					(2,297)			(2,297)
Ending Balance at Dec. 31, 2014			72	74,916	49,386	2,378		126,752
Net income					12,262			12,262
Other comprehensive income (loss), net of taxes						(888)		(888)
Stock options, exercised			2	2,009				2,011
Tax benefit on stock options				438				438
Cash dividends, common stock					(3,550)			(3,550)
Ending Balance at Dec. 31, 2015			$ 74	$ 77,363	$ 58,098	$ 1,490		$ 137,025

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical)	12 Months Ended
	Dec. 31, 2013$ / shares
Statement Of Stockholders Equity [Abstract]
Cash dividends, common stock, per share	$ 0.24
Cash dividends, preferred stock, percentage	5.00%

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net income	$ 12,262	$ 11,046	$ 9,383
Items not requiring cash
Provision for loan losses	125	850	1,300
Depreciation and amortization	4,546	4,113	5,756
Deferred income tax	1,926	1,087	2,387
Loans originated for sale	(145,749)	(67,295)	(67,787)
Proceeds from sales of loans held for sale	149,613	64,614	70,926
Gain on sale of loans held for sale	(4,176)	(1,849)	(852)
Net gain on sale of securities, available for sale	(436)	(313)	(835)
Loss on sale of other real estate and repossessed assets	111	53	320
Prepaid FDIC premium			1,647
Change in
Interest receivable and other assets	(1,321)	(386)	(586)
Interest payable and other liabilities	277	774	507
Cash value of life insurance	(1,184)	(1,158)	(1,396)
Other equity adjustments			474
Other adjustments	143	474	375
Net cash provided by operating activities	16,137	12,010	21,619
Purchases of securities
Purchases of securities, available for sale	(67,414)	(48,001)	(99,766)
Proceeds from maturities and paydowns of securities
Available for sale	41,824	31,709	53,348
Proceeds from sales of securities, available for sale	23,109	28,317	53,179
Redemption of Federal Home Loan Bank stock	2,154	2,427
Purchase of Federal Home Loan Bank stock	(672)
Net change in loans	(67,561)	(41,611)	(3,863)
Purchases of premises and equipment	(2,413)	(1,306)	(1,025)
Cash paid in acquisition, net		(900)
Proceeds from real estate owned sales	2,260	7,605	3,753
Proceeds from bank owned life insurance benefit payment	977
Net cash provided by (used in) investing activities	(67,736)	(21,760)	5,626
Net change in
Noninterest-bearing, interest-bearing demand and savings deposits	62,642	36,828	35,215
Certificates of deposit	(50,580)	(70,593)	(106,140)
Proceeds from FHLB advances	355,700	493,700	355,375
Repayments of FHLB advances	(322,525)	(444,186)	(287,122)
Repayments of other borrowings	(759)	(759)	(759)
Redemption of preferred stock			(28,924)
Cash dividends	(3,550)	(2,297)	(2,953)
Stock options exercised	2,011	1,347	570
Net cash provided by (used in) financing activities	42,939	14,040	(34,738)
Net Change in Cash and Cash Equivalents	(8,660)	4,290	(7,493)
Cash and Cash Equivalents, Beginning of Period	29,575	25,285	32,778
Cash and Cash Equivalents, End of Period	20,915	29,575	25,285
Additional Cash Flows Information
Interest paid	8,827	8,857	11,145
Income tax paid	2,850	2,500	1,800
Transfers from loans to foreclosed real estate	1,301	2,129	5,038
Mortgage servicing rights capitalized	460	$ 278	$ 464
Transfer from fixed assets to other assets	$ 702

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Nature of Operations and Summary of Significant Accounting Policies The accounting and reporting policies of MutualFirst Financial, Inc. (Company) and its wholly owned subsidiar ies , MFBC Statutory Trust, MutualFirst Risk Management, Inc., and MutualBank (Bank) and the Bank’s wholly owned subsidiaries, Mishawaka Financial Services, Mutual Federal Investment Company and the wholly owned subsidiary of Mutual Federal Investment Company, Mutual Federal REIT, Inc. and Summit Service Corp. and their wholly owned subsidiary, Summit Mortgage, Inc., conform to accounting principles generally accepted in the United States of America and reporting practices followed by the banking industry. The more significant of the policies are described below. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, goodwill, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, loan servicing rights, valuation of deferred tax assets, other-than-temporary impairments (OTTI) and fair value of financial instruments. The Bank generates mortgage, consumer and commercial loans and receives deposits from customers located primarily in North and Central Indiana. The Bank’s loans are generally secured by specific items of collateral including real property, consumer assets and business assets. Mutual Federal Investment Company invests in various investment securities and loans through Mutual Federal REIT, Inc. Consolidation - The consolidated financial statements include the accounts of the Company, the Bank, and the Bank’s subsidiaries, after elimination of all material intercompany transactions. Cash Equivalents - The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 201 5 and 201 4 , cash equivalents consisted primarily of money market accounts with brokers and checking accounts with government sponsored entities. At December 31, 201 5 , the Company’s cash accounts exceeded federally insured limits by approximately $ 4 .2 million . Included in this amount are uninsured accounts of approximately $ 2.2 million at the Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis . Investment Securities - Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost . At December 31, 2015 and 2014, no securities were classified as held to maturity . Securities not classified as held to maturity, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. When the Company does not intend to sell a debt security, and it is more likely than not that , the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. T he Company’s consolidated statement of income reflects the full impairment (that is, the difference s between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available for sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. For equity securities, when the Company has decided to sell an impaired available for sale security and does not expect the fair value of the security to fully recover before the expected time of sale, the security is deemed other-than-temporarily impaired in the period in which the decision to sell is made. The Company recognizes an impairment loss when the impairment is deemed other than temporary even if a decision to sell has not been made. Declines in the fair value of securities below their cost that are other-than-temporary are reflected as realized losses. In estimating other-than-temporary losses, management considers the length of time and extent that fair value has been less than cost, the financial condition and near - term prospects of the issuer, and the Company’s ability and intent to hold the security for a period sufficient to allow for any anticipated recovery in fair value. Loans held for sale are carried at the lower of aggregate cost or market. Market is determined using the aggregate method. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income based on the difference between estimated sales proceeds and aggregate cost. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on mortgage , consumer and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Discounts and premiums on purchased residential real estate and commercial loans is amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method. Allowance for loan losses - The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. We maintain an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the estimated losses inherent in the loan portfolio. Our methodology for assessing the appropriateness of the allowance consists of several key elements, including the general allowance and specific allowances for identified problem loans and portfolio segments. In addition, the allowance incorporates the results of measuring impaired loans as provided in ASC 310, Receivables . These accounting standards prescribe the measurement methods, income recognition and disclosures related to impaired loans. The general allowance is calculated by applying loss factors to outstanding loans based on the internal risk evaluation of such loans or pools of loans. Changes in risk evaluations of both performing and nonperforming loans affect the amount of the general allowance. Loss factors are based on our historical loss experience as well as on significant factors that, in management’s judgment, affect the collectability of the portfolio as of the evaluation date. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior three years. Management believes the three year historical loss experience methodology is appropriate in the current economic environment, as it captures loss rates that are comparable to the current period being analyzed. The appropriateness of the allowance is reviewed by management based upon its evaluation of then-existing economic and business conditions affecting our key lending areas and other conditions, such as credit quality trends (including trends in non-performing loans expected to result from existing conditions), collateral values, loan volumes and concentrations, specific industry conditions within portfolio segments and recent loss experience in particular segments of the portfolio that existed as of the balance sheet date and the impact that such conditions were believed to have had on the collectability of the loan. Senior management reviews these conditions quarterly in discussions with our senior credit officers. To the extent that any of these conditions is evidenced by a specifically identifiable problem credit or portfolio segment as of the evaluation date, management’s estimate of the effect of such condition may be reflected as a specific allowance applicable to such credit or portfolio segment. Where any of these conditions is not evidenced by a specifically identifiable problem credit or portfolio segment as of the evaluation date, management’s evaluation of the loss related to this condition is reflected in the general allowance for loan losses. The evaluation of the inherent loss with respect to these conditions is subject to a higher degree of uncertainty because they are not identified with specific problem credits or portfolio segments. The allowance for loan losses is based on estimates of losses inherent in the loan portfolio. Actual losses can vary significantly from the estimated amounts. Our methodology as described permits adjustments to any loss factor used in the computation of the general allowance in the event that, in management’s judgment, significant factors which affect the collectability of the portfolio as of the evaluation date are not reflected in the loss factors. By assessing the probable incurred losses inherent in the loan portfolio on a quarterly basis, we are able to adjust specific and inherent loss estimates based upon any more recent information that has become available. Although employment began to stabilize in the prior year, the impact of job losses over the recent years combined with the decline in real estate values and the increase in higher risk loans, like consumer and commercial loans, as a percentage of total loans, management has concluded that our allowance for loan losses should be greater than historical loss experience and specifically identified losses would otherwise indicate. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the ability to collect the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Premises and equipment are carried at cost net of accumulated depreciation. Depreciation is computed using the straight-line method based principally on the estimated useful lives of the assets which range from 3 to 50 years. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are included in current operations. Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank (FHLB) system. The required investment in the common stock is based on a predetermined formula , carried at cost and is evaluated for impairment . Mortgage-servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance , servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with net servicing fees on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income. Investment in limited partnerships is recorded primarily on the proportional amortization method of accounting. Under the proportional amortization method, the Company amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). Intangible assets are being amortized on an accelerated basis over periods ranging from three to 11 years. Such assets are periodically evaluated as to the recoverability of their carrying value. Income tax es are account ed for in accordance with income tax accounting guidance. The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the balance shee t method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred tax assets are evaluated on a quarterly basis for recoverability based on all available evidence. This process involves significant management judgment about assumptions that are subject to change from period to period based on changes in tax laws or variances between our future projected operating performance and our actual results. We are required to establish a valuation allowance for deferred tax assets if we determine, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining the more-likely-than-not criterion, we evaluate all positive and negative available evidence as of the end of each reporting period. Future adjustments to the deferred tax asset valuation allowance, if any, will be determined based upon changes in the expected realization of the net deferred tax assets. The realization of the deferred tax assets ultimately depends on the existence of sufficient taxable income in either the carry back or carry forward periods under applicable tax laws. Due to significant estimates utilized in establishing the valuation allowance and the potential for changes in facts and circumstances, it is reasonably possible that we will be required to record adjustments to the valuation allowance in the near term if estimates of future taxable income during the carry forward period are reduced. Such a charge could have a material adverse effect on our results of operations, financial condition, and capital position. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. T he Company files consolidated income tax returns with its subsidiaries. Earnings per share is computed based upon the weighted-average common and common equivalent shares outstanding during each year. Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized gains (losses) on available for sale securities, unrealized gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in income, unrealized and realized gains and losses in derivative financial instruments and changes in the funded status of defined benefit pension plans. Stock options - T he Company has stock-based employee compensation plan s , which are described more fully in Note 2 0 .

Impact of Accounting Pronouncem

Impact of Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
Impact of Accounting Pronouncements [Abstract]
Impact of Accounting Pronouncements	Note 2: Impact of Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB), issued Accounting Standards Update (ASU) 2016-02, Leases. The objective of the amendment is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. The most significant changes under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: · A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and · A right-of-use asset, which is an asset that represents th e lessee’s right to use, or control the use of, a specified asset for the lease term. The amendments in this updated are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating what impact this pronouncement will have on its financial position. In January 2016, the Financial Accounting Standards Board (FASB), issued Accounting Standards Update (ASU) 2016-01, Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this Update require all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee). The amendments also require an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. In addition the amendments in this Update eliminate the requirement to disclose the fair value of financial instruments measured at amortized cost for entities that are not public business entities and the requirement for to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet for public business entities. The new guidance is effective for fiscal years beginning of December 15, 2017, including interim periods within those fiscal years. The Company does not anticipate that this ASU will have a material effect on its financial position or results of operations. In December 2015, the Financial Accounting Standards Board (FASB), issued Accounting Standards Update (ASU) 2015-16, Business Combinations, Simplifying the Accounting for Measurement-Period Adjustments. The objective of this Update was t o simplify the accounting for adjustments made to provisional amounts recognized in a business combination. The amendments eliminate the requirement to retrospectively account for those adjustments. The amendments in this Update are effective for fiscal years beginning after December 15, 2015, including interim period within those fiscal years. The Company does not anticipate that this ASU will have a material effect on its financial position or results of operations.

Restriction on Cash

Restriction on Cash	12 Months Ended
	Dec. 31, 2015
Restriction on Cash [Abstract]
Restriction on Cash	Note 3: Restriction on Cash The Bank is required to maintain reserve funds in cash and/or on deposit with the Federal Reserve Bank of Chicago . The reserve require ment at December 31, 201 5 was $ 2,145, 000 .

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2015
Investment Securities [Abstract]
Investment Securities	Note 4: I nvestment Securities The amortized costs and approximate fair values, together with gross unrealized gains and losses on securities, are as follows: 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 106,524 $ 1,562 $ (248) $ 107,838 Collateralized mortgage obligations 84,976 537 (861) 84,652 Municipal obligations 54,427 2,781 (20) 57,188 Corporate obligations 12,805 1 (1,346) 11,460 Total investment securities $ 258,732 $ 4,881 $ (2,475) $ 261,138 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 110,452 $ 2,927 $ (89) $ 113,290 Collateralized mortgage obligations 97,325 1,270 (836) 97,759 Federal agencies 4 - - 4 Municipal obligations 27,246 2,013 (7) 29,252 Corporate obligations 21,763 44 (1,306) 20,501 Total investment securities $ 256,790 $ 6,254 $ (2,238) $ 260,806 All mortgage-backed securities and collateralized-mortgage obligations held by the Company as of December 31, 201 5 were in government - sponsored and federal agency securities. Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at December 31, 201 5 and 201 4 was $ 97.6 million and $ 67.5 million, which is approximately 37.4 percent and 25.9 percent of the Company’s investment portfolio at those dates. Based on our evaluation of available evidence, including recent changes in market interest rates, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other - than - temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. The following tables show the gross unrealized losses and fair value of the Company’s investments , aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 201 5 and 201 4 : 2015 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available for Sale Mortgage-backed securities $ 38,649 $ (248) $ - $ - $ 38,649 $ (248) Collateralized mortgage obligations 27,457 (281) 21,271 (580) 48,728 (861) Municipal obligations 2,739 (17) 491 (3) 3,230 (20) Corporate obligations 4,425 (75) 2,534 (1,271) 6,959 (1,346) Total temporarily impaired securities $ 73,270 $ (621) $ 24,296 $ (1,854) $ 97,566 $ (2,475) 2014 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available for Sale Mortgage-backed securities $ 1,069 $ (9) $ 19,580 $ (80) $ 20,649 $ (89) Collateralized mortgage obligations 5,075 (40) 34,159 (796) 39,234 (836) Municipal obligations - - 631 (7) 631 (7) Corporate obligations - - 6,995 (1,306) 6,995 (1,306) Total temporarily impaired securities $ 6,144 $ (49) $ 61,365 $ (2,189) $ 67,509 $ (2,238) Collateralized Mortgage Obligations (CMO) and Mortgage-Backed Securities (MBS) The unrealized losses on the Company’s investment in CMOs and MBSs were caused by interest rate changes. The Company expects to recover the amortized cost basis over the term of the securities. Because (1) the decline in market value is attributable to changes in interest rates and not credit quality, (2) the Company does not intend to sell the investments and (3) it is more likely than not the Company will not be required to sell the investments before recovery of their amortized cost bases, which may be at maturity, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 201 5 . Municipals The unrealized losses on the Company’s investments in securities of state and political subdivisions were caused by changes in interest rates. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investments. The Company does not intend to sell the investment and it is not more likely than not that the Company will be required to sell the investment before recovery of its new, lower amortized cost basis, which may be maturity. The Corporation does not consider the investment securities to be other-than-temporarily impaired at December 31, 2015 . Corporate Obligations The Company’s unrealized loss on investments in corporate obligations primarily relates to investments in pooled trust preferred securities. The unrealized losses were primarily caused by ( 1 ) a decrease in performance and regulatory capital resulting from exposure to subprime mortgages and ( 2 ) a sector downgrade by several industry analysts. The Company currently expects some of the securities to settle at a price less than the amortized cost basis of the investment (that is, the Company expects to recover less than the entire amortized cost basis of the security). The Company has recognized a loss equal to the credit loss for these securities, establishing a new, lower amortized cost basis. The credit loss was calculated by comparing expected discounted cash flows based on performance indicators of the underlying assets in the security to the carrying value of the investment. Because the Company does not intend to sell these investment s and it is likely that the Company will not be required to sell the investments before recovery of its new, lower amortized cost basis, which may be at maturity, it does not consider the remainder of the investments to be other-than-temporarily impaired at December 31, 201 5. Other-Than-Temporary Impairment Upon acquisition of a security, the Company decides whether it is within the scope of the accounting guidance for beneficial interests in securitized financial assets or whether it will be evaluated for impairment under the accounting guidance for investments in debt and equity securities. The accounting guidance for beneficial interests in securitized financial assets provides incremental impairment guidance for a subset of the debt securities within the scope of the guidance for investments in debt and equity securities. For securities that are a beneficial interest in securitized financial assets, the Company uses the beneficial interests in securitized financial asset impairment model. For securities where the security is not a beneficial interest in securitized financial assets, the Company uses debt and equity securities impairment model. The Company conducts periodic reviews to identify and evaluate each investment security to determine whether an other-than-temporary impairment has occurred. Economic models are used to determine whether an other-than-temporary impairment has occurred on these securities. While all securities are considered, the securities primarily impacted by other-than-temporary impairment testing are private-label mortgage-backed securities and trust preferred securities . The Bank’s trust preferred securities valuation was prepared by an independent third party. Their approach to determining fair value involved several steps including: · Detailed credit and structural evaluation of each piece of collateral in the trust preferred securities; · Collateral performance projections for each piece of collateral in the trust preferred security; · Terms of the trust preferred structure, as laid out in the indenture; and · Discounted cash flow modeling. MutualFirst Financial uses market-based yield indicators as a baseline for determining appropriate discount rates, and then adjusts the resulting discount rates on the basis of its credit and structural analysis of specific trust preferred securities. The primary focus is on the returns a fixed income investor would require in order to allocate capital on a risk adjusted basis. There is currently no active market for pooled trust preferred securities; however, the Company looks principally to market yields for stand-alone trust preferred securities issued by banks, thrifts and insurance companies for which there is an active and liquid market. The next step is to make a series of adjustments to reflect the differences that exist between these products (both credit and structural) and, most importantly, to reflect idiosyncratic credit performance differences (both actual and projected) between these products and the underlying collateral in the specific trust preferred security. Importantly, as part of the analysis described above, MutualFirst considers the fact that structured instruments frequently exhibit leverage not present in stand-alone instruments, and make adjustments as necessary to reflect this additional risk. The default and recovery probabilities for each piece of collateral were formed based on the evaluation of the collateral credit and a review of historical industry default data and current/near-term operating conditions. For collateral that has already defaulted, the Company assumed no recovery. For collateral that was in deferral, the Company assumed a recovery of 10% of par for banks, thrifts or other depository institutions and 15% of par for insurance companies. Although the Company conservatively assumed that the majority of the deferring collateral continues to defer and eventually defaults, we also recognize there is a possibility that some deferring collateral may become current at some point in the future. Credit Losses Recognized on Investments Certain debt securities have experienced fair value deterioration due to credit losses, as well as due to other market factors, but are not otherwise other-than-temporarily impaired. The following table provides information about debt securities for which only a credit loss was recognized in income and other losses are recorded in other comprehensive income. Accumulated Credit Losses 2015 2014 2013 Credit losses on debt securities held Beginning of period $ 109 $ 1,205 $ 1,205 Reductions related to actual losses incurred - - - Reductions for previous credit losses realized on securities sold during the year - (1,096) - As of December 31, $ 109 $ 109 $ 1,205 The amortized cost and fair value of securities available for sale at December 31, 201 5 , by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Description Securities Amortized Cost Fair Value Security obligations due One to five years $ 10,003 $ 9,964 Five to ten years 1,489 1,591 After ten years 55,740 57,093 67,232 68,648 Mortgage-backed securities 106,524 107,838 Collateralized mortgage obligations 84,976 84,652 Totals $ 258,732 $ 261,138 The Company did not have securities pledged as collateral, to secure public deposits or for other purposes as of December 31, 201 5 or 201 4 . Proceeds from sales of securities available for sale during 201 5 , 201 4 and 201 3 were $23,109,000 , $ 28,317,000 and $ 53,179,000 , respectively . Gross gains of $436,000 , $ 1,176,000 and $ 898,000 in 201 5 , 201 4 and 201 3 were recognized o n those sales. Gross losses of $0 , $ 863,000 and $ 63,000 in 201 5 , 201 4 and 201 3 were recognized on those sales.

Loans and Allowance

Loans and Allowance	12 Months Ended
	Dec. 31, 2015
Loans and Allowance [Abstract]
Loans and Allowance	Note 5: Loans and Allowance Classes of loans at December 31, 2015 and 2014 include: December 31, December 31, 2015 2014 Real estate Commercial $ 236,895 $ 198,019 Commercial construction and development 15,744 33,102 Consumer closed end first mortgage 491,451 517,063 Consumer open end and junior liens 70,990 71,073 815,080 819,257 Other loans Consumer loans Auto 15,480 14,712 Boat/RVs 123,621 94,761 Other 6,171 5,184 Commercial and industrial 123,043 88,474 268,315 203,131 Total loans 1,083,395 1,022,388 Undisbursed loans in process (7,432) (9,285) Unamortized deferred loan costs, net 4,882 3,583 Allowance for loan losses (12,641) (13,168) Net loans $ 1,068,204 $ 1,003,518 Year-end non-accrual loans, segregated by class of loans, were as follows: December 31, December 31, 2015 2014 Real estate Commercial $ 2,356 $ 2,023 Commercial construction and development - 209 Consumer closed end first mortgage 3,592 3,499 Consumer open end and junior liens 783 658 Consumer loans Auto - - Boat/RVs 81 191 Other 67 27 Commercial and industrial 25 605 $ 6,904 $ 7,212 Nonaccrual Loan s and Past Due Loans Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on non-accrual status when, in managements’ opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions, but never later than 90 days past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured and generally only after six months of satisfactory performance. An age analysis of the Company’s past due loans, segregated by class of loans, as of December 31, 201 5 and 201 4 are as follows: December 31, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Total Loans 90 Days and Accruing Real estate Commercial $ 922 $ 20 $ 2,212 $ 3,154 $ 233,741 $ 236,895 $ - Commercial construction and development - - - - 15,744 15,744 - Consumer closed end first mortgage 7,272 1,328 3,091 11,691 479,760 491,451 267 Consumer open end and junior liens 296 187 765 1,248 69,742 70,990 - Consumer loans Auto 89 - - 89 15,391 15,480 - Boat/RVs 1,135 102 71 1,308 122,313 123,621 - Other 89 14 62 165 6,006 6,171 - Commercial and industrial 192 383 5 580 122,463 123,043 - $ 9,995 $ 2,034 $ 6,206 $ 18,235 $ 1,065,160 $ 1,083,395 $ 267 December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Total Loans 90 Days and Accruing Real estate Commercial $ 1,308 $ 848 $ 325 $ 2,481 $ 195,538 $ 198,019 $ - Commercial construction and development - - 209 209 32,893 33,102 - Consumer closed end first mortgage 8,144 1,220 2,160 11,524 505,539 517,063 226 Consumer open end and junior liens 969 130 27 1,126 69,947 71,073 - Consumer loans Auto 65 - - 65 14,647 14,712 - Boat/RVs 775 158 115 1,048 93,713 94,761 - Other 92 27 14 133 5,051 5,184 - Commercial and industrial 1,066 176 441 1,683 86,791 88,474 - $ 12,419 $ 2,559 $ 3,291 $ 18,269 $ 1,004,119 $ 1,022,388 $ 226 Impaired Loans Loans are considered impaired in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. Interest on impaired loans is recorded based on the performance of the loan. All interest received on impaired loans that are on nonaccrual is accounted for on the cash-basis method until qualifying for return to accrual. Interest is accrued per the contract for impaired loans that are performing. The following tables present impaired loans for the year s ended December 31, 201 5 , 201 4 and 201 3: December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized Loans without a specific valuation allowance Real estate Commercial $ 3,608 $ 3,608 $ - $ 4,115 $ 172 Commercial construction and development 595 595 - 735 31 Consumer closed end first mortgage 1,126 1,126 - 1,131 - Consumer open end and junior liens 481 481 - 381 - Commercial and industrial 214 214 - 423 2 Loans with a specific valuation allowance Real estate Commercial 676 676 100 793 20 Total Real estate Commercial $ 4,284 $ 4,284 $ 100 $ 4,908 $ 192 Commercial construction and development $ 595 $ 595 $ - $ 735 $ 31 Consumer closed end first mortgage $ 1,126 $ 1,126 $ - $ 1,131 $ - Consumer open end and junior liens $ 481 $ 481 $ - $ 381 $ - Commercial and industrial $ 214 $ 214 $ - $ 423 $ 2 Total $ 6,700 $ 6,700 $ 100 $ 7,578 $ 225 December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized Loans without a specific valuation allowance Real estate Commercial $ 4,933 $ 4,933 $ - $ 3,776 $ 161 Commercial construction and development 931 1,860 - 1,323 30 Consumer closed end first mortgage 1,138 1,138 - 1,142 8 Consumer open end and junior liens - - 100 3 Commercial and industrial 758 789 - 923 12 Total $ 7,760 $ 8,720 $ - $ 7,264 $ 214 As of December 31, 2014, there were no impaired loans with a valuation allowance. December 31, 2013 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized Loans without a specific valuation allowance Real estate Commercial $ 3,148 $ 3,660 $ - $ 3,894 $ 160 Commercial construction and development 1,294 3,218 - 5,386 46 Consumer closed end first mortgage 1,483 2,071 - 2,582 33 Commercial and industrial 764 764 - 897 2 Loans with a specific valuation allowance Real estate Commercial construction and development 344 371 100 344 - Commercial and industrial 424 624 235 566 20 Total Real estate Commercial $ 3,148 $ 3,660 $ - $ 3,894 $ 160 Commercial construction and development $ 1,638 $ 3,589 $ 100 $ 5,730 $ 46 Consumer closed end first mortgage $ 1,483 $ 2,071 $ - $ 2,582 $ 33 Commercial and industrial $ 1,188 $ 1,388 $ 235 $ 1,463 $ 22 Total $ 7,457 $ 10,708 $ 335 $ 13,669 $ 261 The following information presents the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of December 31, 201 5 and 2014 . Commercial Loan Grades Definition of Loan Grades . Loan grades are numbered 1 through 8. Grades 1-4 are "pass" credits, grade 5 [ Special Mention ] loans are "criticized" assets, and grades 6 [Substandard], 7 [Doubtful] and 8 [Loss] are "classified" assets. The use and application of these grades by the Bank conform to the B ank's policy and regulatory definitions. Pass . Pass credits are loans in grades prime through fair. These are at least considered to be credits with acceptable risks and would be granted in the normal course of lending operations. Special Mention. Special mention credits have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credits or in the Bank ’s credit position at some future date. If weaknesses cannot be identified, classifying as special mention is not appropriate. Special mention credits are not adversely classified and do not expose the Bank to sufficient risk to warrant an adverse classification. No apparent loss of principal or interest is expected. Substandard. Substandard credits are inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged. Financial statements normally reveal some or all of the following: poor trends, lack of earnings and cash flow, excessive debt, lack of liquidity, and the absence of creditor protection. Credits 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 of the deficiencies are not corrected. Doubtful. A doubtful extension of credit has all the weaknesses inherent in a substandard asset with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors that may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral, and refinancing plans. Doubtful classification for an entire credit should be avoided when collection of a specific portion appears highly probable with the adequately secured portion graded Substandard. Retail Loan Grades Pass. Pass credits are loans that are currently performing as agreed and are not troubled debt restructurings. Special Mention . Special mention credits have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the credits or in the Bank’s credit position at some future date. If weaknesses cannot be identified, classifying as special mention is not appropriate. Special mention credits are not adversely classified and do not expose the Bank to sufficient risk to warrant an adverse classification. No apparent loss of principal or interest is expected. Substandard. Substandard credits are loans that have reason to be considered to have a weakness and placed on non-accrual. This would include all retail loans over 90 days and troubled debt restructurings. December 31, 2015 Commercial Credit Exposure Credit Risk Profile Internal Rating Real Estate Construction and Development Commercial and Industrial Pass $ 226,439 $ 13,986 $ 119,540 Special Mention 4,137 1,309 3,300 Substandard 6,319 449 203 Doubtful - - - Total $ 236,895 $ 15,744 $ 123,043 Consumer Credit Exposure Credit Risk Profile Internal Rating Closed End First Mortgage Real Estate Open End and Junior Liens Auto Boat/RV Other Pass $ 484,658 $ 70,086 $ 15,480 $ 123,490 $ 6,097 Special Mention - - - - - Substandard 6,793 904 - 131 74 Total $ 491,451 $ 70,990 $ 15,480 $ 123,621 $ 6,171 December 31, 2014 Commercial Credit Exposure Credit Risk Profile Internal Rating Real Estate Construction and Development Commercial and Industrial Pass $ 187,436 $ 30,422 $ 84,746 Special Mention 3,316 1,721 439 Substandard 7,267 959 2,848 Doubtful - - 441 Total $ 198,019 $ 33,102 $ 88,474 Consumer Credit Exposure Credit Risk Profile Internal Rating Closed End First Mortgage Real Estate Open End and Junior Liens Auto Boat/RV Other Pass $ 509,765 $ 70,299 $ 14,704 $ 94,377 $ 5,125 Special Mention - - - - - Substandard 7,298 774 8 384 59 Total $ 517,063 $ 71,073 $ 14,712 $ 94,761 $ 5,184 Allowance for Loan Losses The risk characteristics of each loan portfolio segment are as follows: Commercial Loans Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may be more adversely affected by conditions in the real estate markets or in the general economy. The properties securing the Company’s commercial real estate portfolio are diverse in terms of type and geographic location. Management monitors and evaluates commercial real estate loans based on collateral, geography and risk grade criteria. As a general rule, the Company avoids financing single purpose projects unless other underwriting factors are present to help mitigate risk. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. Commercial construction loans are underwritten utilizing feasibility studies, independent appraisal reviews, sensitivity analyses of absorption and lease rates and financial analyses of the developers and property owners. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders, sales of developed property or an interim loan commitment from the Company until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions and the availability of long-term financing. Commercial business loans are primarily based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some short-term loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its customers. Residential and Consumer With respect to residential loans that are secured by one-to-four family residences and are primarily owner occupied, the Company generally establishes a maximum loan-to-value ratio and requires private mortgage insurance ( PMI ) if that ratio is exceeded. Home equity loans are typically secured by a subordinate interest in one-to-four family residences, and consumer loans are secured by consumer assets such as automobiles or recreational vehicles. Some consumer loans are unsecured such as small installment loans and certain lines of credit. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in property values on residential properties. Risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers. The following tables detail activity in the allowance for loan losses by portfolio segment for the year s ended December 31, 2015, 2014 and 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses on other segments. December 31, 2015 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 7,085 $ 3,471 $ 2,612 $ 13,168 Provision charged to expense (389) (179) 693 125 Losses charged off (104) (643) (640) (1,387) Recoveries 498 34 203 735 Balance, end of period $ 7,090 $ 2,683 $ 2,868 $ 12,641 Ending balance: Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 6,990 2,683 2,868 12,541 Total allowance for loan losses $ 7,090 $ 2,683 $ 2,868 $ 12,641 Loans: Ending balance Individually evaluated for impairment $ 5,093 $ 1,126 $ 481 $ 6,700 Collectively evaluated for impairment 370,589 490,325 215,781 1,076,695 Total Loans $ 375,682 $ 491,451 $ 216,262 $ 1,083,395 December 31, 2014 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 8,148 $ 3,124 $ 2,140 $ 13,412 Provision charged to expense (1,273) 888 1,235 850 Losses charged off (289) (572) (1,021) (1,882) Recoveries 499 31 258 788 Balance, end of period $ 7,085 $ 3,471 $ 2,612 $ 13,168 Ending balance: Individually evaluated for impairment $ - $ - $ - $ - Collectively evaluated for impairment 7,085 3,471 2,612 13,168 Total allowance for loan losses $ 7,085 $ 3,471 $ 2,612 $ 13,168 Loans: Ending balance Individually evaluated for impairment $ 6,622 $ 1,138 $ - $ 7,760 Collectively evaluated for impairment 312,973 515,925 185,730 1,014,628 Total Loans $ 319,595 $ 517,063 $ 185,730 $ 1,022,388 December 31, 2013 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 9,908 $ 3,394 $ 2,736 $ 16,038 Provision charged to expense 884 343 73 1,300 Losses charged off (2,713) (886) (940) (4,539) Recoveries 69 273 271 613 Balance, end of period $ 8,148 $ 3,124 $ 2,140 $ 13,412 Ending balance: Individually evaluated for impairment $ 335 $ - $ - $ 335 Collectively evaluated for impairment 7,813 3,124 2,140 13,077 Total allowance for loan losses $ 8,148 $ 3,124 $ 2,140 $ 13,412 Loans: Ending balance Individually evaluated for impairment $ 5,974 $ 1,483 $ - $ 7,457 Collectively evaluated for impairment 283,566 529,789 169,395 982,750 Total Loans $ 289,540 $ 531,272 $ 169,395 $ 990,207 Troubled Debt Restructurings Certain categories of impaired loans include loans that have been modified in a troubled debt restructuring, that involves granting economic concessions to borrowers who have experienced financial difficulties. These concessions typically result from our loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Modifications of terms for our loans and their inclusion as troubled debt restructurings are based on individual facts and circumstances. When we modify loans in a troubled debt restructuring, we evaluate any possible impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, or we use the current fair value of the collateral, less selling costs for collateral dependent loans. If we determine that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized through a specific reserve or a charge-off to the allowance. Loans retain their accrual status at the time of their modification. As a result, if a loan is on nonaccrual at the time it is modified, it stays as nonaccrual until a period of satisfactory performance, generally six months, is obtained. If a loan is on accrual at the time of the modification, the loan is evaluated to determine the collection of principal and interest is reasonably assured and generally stays on accrual. At December 31, 2015 and 2014, the Company had a number of loans that were modified in troubled debt restructurings and impaired. The modification of terms of such loans included one or a combination of the following: an extension of maturity, a reduction of the stated interest rate or a permanent reduction of the recorded investment in the loan. The following tables describe troubled debts restructured during the years ended December 31, 2015, 2014 and 2013. December 31, 2015 No. of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate Commercial 4 $ 2,399 $ 2,406 Commercial construction and development 1 155 155 Consumer closed end first mortgage 8 287 287 Consumer open end and junior liens 3 51 51 Consumer loans Auto 2 25 25 Commercial and industrial 1 88 83 December 31, 2014 No. of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate Commercial 6 $ 1,229 $ 1,248 Consumer closed end first mortgage 12 1,493 1,139 Consumer open end and junior liens 5 58 59 Commercial and industrial 2 193 223 December 31, 2013 No. of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate Commercial 3 $ 1,532 $ 1,601 Commercial construction and development Consumer closed end first mortgage 24 1,706 1,884 Consumer open end and junior liens 30 1,236 1,249 Consumer loans Auto 2 22 22 Boat/RVs 6 172 171 Other 1 11 11 Commercial and industrial 3 1,122 843 The impact on the allowance for loan losses was insignificant as a result of these modifications. Newly restructured loans by type for the years ended December 31, 2015, 2014 and 2013 are as follows: December 31, 2015 Interest Only Term Combination Total Modification Real Estate Commercial $ - $ 2,406 $ - $ 2,406 Commercial construction and development - - 155 155 Consumer closed end first mortgage - 11 276 287 Consumer open end junior lien - 51 - 51 Consumer Auto - 25 - 25 Commercial and industrial - 83 - 83 December 31, 2014 Interest Only Term Combination Total Modification Real Estate Commercial $ - $ 701 $ 547 $ 1,248 Consumer closed end first mortgage 101 - 1,038 1,139 Consumer open end junior lien - 28 31 59 Commercial and industrial - 223 - 223 December 31, 2013 Interest Only Term Combination Total Modification Real Estate Commercial $ - $ - $ 1,601 $ 1,601 Commercial construction and development Consumer closed end first mortgage - 36 1,848 1,884 Consumer open end junior lien 250 402 597 1,249 Consumer Loans Auto - 4 18 22 Boat/RVs - 135 36 171 Other - - 11 11 Commercial and industrial - 209 634 843 Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2015, 2014 and 2013, respectively, are listed in the table below. Defaults are defined as any loans that become 90 days past due . We have included an other commercial loan in the default category as of December 31, 2013 in the table below, due to a large subsequent charge-off after modification. December 31, 2015 No. of Loans Post-Modification Outstanding Recorded Balance Real Estate Commercial 1 $ 820 December 31, 2014 No. of Loans Post-Modification Outstanding Recorded Balance Real Estate Consumer closed end first mortgage 4 $ 663 Consumer open end and junior liens 1 23 December 31, 2013 No. of Loans Post-Modification Outstanding Recorded Balance Real Estate Consumer closed end first mortgage 3 $ 210 Commercial and industrial 1 634 At December 31, 2015, the Company held residential real estate held for sale as a result of foreclosure totaling $682,000 and real estate in the process of foreclosure of $1.5 million .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 6: Related Party Transactions The Bank has entered into transactions with certain directors, executive officers and significant shareholders of the Company and Bank and their affiliates or associates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal credit risk or present other unfavorable features. The aggregate amount of loans, as defined, to such related parties was as follows: 2015 Balances, January 1, $ 7,967 Change in composition 139 New loans, including renewals 5,457 Payments, etc., including renewals (5,501) Balances, December 31, $ 8,062

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2015
Premises and Equipment [Abstract]
Premises and Equipment	Note 7: Premises and Equipment Major classifications of premises and equipment, stated at cost, are as follows: 2015 2014 Cost Land $ 12,393 $ 13,100 Buildings and land improvements 26,651 25,334 Equipment 12,877 12,555 Total cost 51,921 50,989 Accumulated depreciation and amortization (20,873) (20,050) Net $ 31,048 $ 30,939

Core Deposit and Other Intangib

Core Deposit and Other Intangibles	12 Months Ended
	Dec. 31, 2015
Core Deposit and Other Intangibles [Abstract]
Core Deposit and Other Intangibles	Note 8: Core Deposit and Other Intangibles The carrying basis of recognized intangible assets at December 31, 2015 and 2014, were: 2015 2014 Core deposits $ 444 $ 840 Other intangibles 367 265 $ 811 $ 1,105 Amortization expense for the years ended December 31, 2015, 2014 and 2013, was $ 517,000 , $ 647 ,000 and $782 ,000 , respectively. Estimated amortization expense for each of the next five years is: 2016 $ 420 2017 264 2018 114 2019 13 2020 - $ 811

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2015
Goodwill [Abstract]
Goodwill	Note 9: Goodwill The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 w ere : 2015 2014 Balance as of January 1 $ 1,800,000 $ - Goodwill acquired during the year - 1,800,000 Balance as of December 31 $ 1,800,000 $ 1,800,000 On August 1, 2014, the Company acquired Summit Mortgage, Inc., a mortgage broker in Ft. Wayne, Indiana. The acquisition of Summit resulted in the acquisition of insignificant assets, generated goodwill of $1.8 million and no additional material intangible assets. This acquisition allows the Bank to enter a new market and look at more efficient methods of increasing non-interest income and is not expected to have a material impact on the operations of the Company. Goodwill is tested for impairment on an annual basis as of October 1, or whenever events or changes in circumstances indicate the carrying amount of goodwill exceeds its implied fair value. No events or changes in circumstances have occurred since the annual impairment test that would suggest is was more likely than not goodwill impairment existed.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2015
Deposits [Abstract]
Deposits	Note 10: Deposits Deposits were comprised of the following at December 31, 2015 and 2014: December 31, December 31, 2015 2014 Noninterest-bearing demand $ 179,542 $ 154,178 Interest-bearing demand 267,089 253,042 Savings 131,578 124,051 Money market savings 162,551 146,847 Certificates and other time deposits of $100,000 or more 147,268 164,543 Other certificates 203,354 236,659 Total deposits $ 1,091,382 $ 1,079,320 Certificates, including other time deposits of $100,000 or more, maturing in years ending December 31 are as follows : 2016 $ 143,476 2017 76,035 2018 38,023 2019 31,960 2020 57,302 Thereafter 3,826 $ 350,622

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances	12 Months Ended
	Dec. 31, 2015
Federal Home Loan Bank Advances [Abstract]
Federal Home Loan Bank Advances	Note 11: Federal Home Loan Bank Advances FHLB advances maturing in years ending December 31 are as follows: 2016 $ 23,526 2017 47,528 2018 39,030 2019 40,533 2020 36,500 Thereafter 38,500 $ 225,617 At December 31, 201 5 , the Company had pledged $ 401,600 ,000 in qualifying first mortgage loans as collateral for advances and outstanding letters of credit. Advances, at interest rates from 0.58% to 6 .7 3% at December 31, 201 5 , were subject to restrictions or penalties in the event of prepayment. At December 31, 2015, the Company had a total of $10 million in putable and $35 million in symmetrical advances with Federal Home Loan Bank.

Other Borrowings

Other Borrowings	12 Months Ended
	Dec. 31, 2015
Other Borrowings [Abstract]
Other Borrowings	Note 12: Other Borrowings Other borrowings consisted of the following components as of December 31: 2015 2014 Note payable $ 5,312 $ 6,071 Subordinated debenture, net of discount 4,146 4,103 Total $ 9,458 $ 10,174 T he Company borrowed $ 7,589,000 from First Tennessee Bank, N.A . at a variable rate of LIBOR plus 2.80% , with principal and interest payments made quarterly . Company also has an interest rate swap that fixed the variable rate portion of this loan for the term of the note at 3.92 % . The loan is collateralized by the Bank’s stock and matures in December 2017 . The maturity of the First Tennessee note is as follows: Principal Payments Due in Years Ending December 31: 2016 $ 759 2017 4,553 $ 5,312 The Company assumed $5,000,000 in debentures as the result of an acquisition of MFB Corp. in 2008. In 2005, MFB Corp. had formed MFBC Statutory Trust (MFBC), as a wholly owned business trust, to sell trust preferred securities. The proceeds from the sale of these trust preferred securities were used by the trust to purchase an equivalent amount of subordinated debentures from the acquired company. The junior subordinated debentures are the sole assets of MFBC and are fully and unconditionally guaranteed by the Company. The junior subordinated debentures and the trust preferred securities pay interest and dividends, respectively, on a quarterly basis. T he rate resets quarterly at the prevailing three-month LIBOR rate plus 170 basis points . The Company may redeem the trust preferred securities, in whole or in part, without penalty, on or after September 15, 2010. These securities mature on September 15, 2035 . The net balance of the note as of December 31, 2015 was $4, 146 ,000 due to the fair value adjustment of the note made at the time of the acquisition.

Loan Servicing

Loan Servicing	12 Months Ended
	Dec. 31, 2015
Loan Servicing [Abstract]
Loan Servicing	Note 13: Loan Servicing Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of these loans consist of the following: 2015 2014 Loans serviced for Freddie Mac $ 295,613 $ 295,589 Fannie Mae 11,535 16,024 FHLB 12,677 12,963 Other investors 1,763 1,670 $ 321,588 $ 326,246 The aggregate fair value of capitalized mortgage servicing rights is based on comparable market values and expected cash flows, with impairment assessed based on portfolio characteristics including product type and interest rates. The amount of servicing fees collected during 2015, 2014 and 2013 totaled approximately $814,000 , $832,000 , and $896,000 , respectively. 2015 2014 2013 Mortgage-servicing rights Balances, January 1 $ 1,417 $ 1,858 $ 2,396 Servicing rights capitalized 458 278 464 Amortization of servicing rights (540) (719) (1,002) 1,335 1,417 1,858 Valuation allowance - - - $ 1,335 $ 1,417 $ 1,858 The fair value of servicing rights subsequently measured using the amortization method was as follows: 2015 2014 2013 Mortgage-servicing rights Fair value, beginning of period $ 2,048 $ 2,106 $ 1,731 Fair value, end of period 2,179 2,048 2,106 Activity in the valuation allowance for mortgage servicing right s was as follows: 2015 2014 2013 Balance, beginning of year $ - $ - $ 665 Additions - - - Reductions - - (665) Balance, end of year $ - $ - $ -

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2015
Income Tax [Abstract]
Income Tax	Note 14: Income Tax The provision for income taxes includes these components: 2015 2014 2013 Income tax expense Currently payable Federal $ 2,909 $ 3,040 $ 2,426 State (257) (261) (677) Deferred Federal 1,449 606 1,546 State 477 481 841 Total income tax expense $ 4,578 $ 3,866 $ 4,136 A reconciliation of income tax expense at the federal statutory rate to actual tax expense is shown below : 2015 2014 2013 Federal statutory income tax at 34% $ 5,721 $ 4,897 $ 4,423 Other than temporary impairment - (615) - State taxes 145 145 109 Low income housing credits (96) (107) (159) Tax-exempt income (1,111) (818) (725) Other (81) 364 488 Actual tax expense $ 4,578 $ 3,866 $ 4,136 Effective tax rate 27.21 % 25.93 % 30.59 % The components of the deferred asset included on the consolidated balance sheets were as follows: 2015 2014 Assets Allowance for loan losses $ 5,091 $ 5,344 Deferred compensation 3,193 3,191 Business tax and AMT credit carryovers 4,776 5,463 Capital loss carryover 139 144 Net operating loss carryover 1,845 2,148 Goodwill impairment 2,188 2,611 Purchase accounting adjustments 1,060 1,120 Other 1,275 1,306 Total assets 19,567 21,327 Liabilities Unrealized gain on securities available for sale $ (720) $ (1,375) Depreciation and amortization (465) (532) FHLB stock (358) (447) State income tax (585) (757) Loan fees (298) (245) Investments in limited partnerships (2,255) (2,314) Mortgage servicing rights (572) (501) Other (1,010) (361) Total liabilities (6,263) (6,532) Valuation Allowance Beginning balance (1,220) (1,835) Decrease during period - 615 Ending balance (1,220) (1,220) Net deferred tax asset $ 12,084 $ 13,575 The Company has unused business income tax credits of $3,425 ,000 that will begin to expire in 2027 and a state net operating loss of $26,358,000 that will begin to expire in 2022 . In addition, the Company has an AMT credit carryover of $ 1,351 ,000 with an unlimited carryover period. Management believes that the Company will be able to utilize the benefits recorded for the state loss carryforwards and federal credits within the allotted time periods, except for the amount represented by the valuation allowance. The valuation allowance has been recorded for the possible inability to use a portion of the state net operating loss carryover as well as the inability to utilize the capital losses generated from realized losses and losses recognized related to other than temporary impairment. Retained earnings include approximately $14,743,000 for which no deferred income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions as of December 31, 1987 for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which income would be subject to the then-current corporate income tax rate. The unrecorded deferred income tax liability on the above amounts was approximately $5,013,000 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Dec. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	Note 15: Accumulated Other Comprehensive Income The components of accumulated other comprehensive income, included in stockholders’ equity, are as follows: 2015 2014 Net unrealized gain on securities available for sale $ 3,311 $ 4,933 Net unrealized loss on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in income (905) (917) Net unrealized loss on derivative used for cash flow hedges (1) (109) Net unrealized loss relating to defined benefit plan liability (32) (109) 2,373 3,798 Tax expense 883 1,420 Net of tax amount $ 1,490 $ 2,378 The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Statement of Income for the years ended December 31, 2015, 2014 and 2013. Amount Reclassified from Accumulated Other Comprehensive Income For the Year Ended December 31, Details about Accumulated Other Comprehensive Income Components 2015 2014 2013 Affected Line Item in the Statements of Income Unrealized gains on available for sale securities Realized securities gains reclassified into income $ 436 $ 313 $ 835 Net realized gains on sale of available for sale securities Related income tax expense (148) (106) (284) Income tax expense Total reclassifications for the period, net of tax $ 288 $ 207 $ 551

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2015
Commitments and Contingent Liabilities [Abstract]
Commitments and Contingent Liabilities	Note 16: Commitments and Contingent Liabilities In the normal course of business , there are outstanding commitments and contingent liabilities, such as commitments to extend credit and standby letters of credit, which are not included in the accompanying financial statements. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Company uses the same credit policies in making such commitments as it does for instruments that are included in the consolidated statements of financial condition. Financial instruments whose contract amount represents credit risk as of December 3 1: 2015 2014 Loan commitments $ 228,548 $ 200,189 Standby letters of credit 2,464 2,288 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer's credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management's credit evaluation. Collateral held varies, but may include residential real estate, income-producing commercial properties, or other assets of the borrower. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party . The Company and Bank are also subject to claims and lawsuits that arise primarily in the ordinary course of business. It is the opinion of management that the disposition or ultimate resolution of such claims and lawsuits will not have a material adverse effect on the consolidated financial position of the Company. The Company has entered into employment agreements with certain officers that provide for the continuation of salary and certain benefits for a specified period of time under certain conditions. Under the terms of the agreement, these payments could occur in the event of a change in control of the Company . Mortgage loans in the process of origination represent amounts that the Company plans to fund within a normal period of 60 to 90 days, and which are primarily intended for sale to investors in the secondary market. Total mortgage loans in the process of origination amounted to $ 1,730,000 and $ 8 17,000 , and mortgage loans held for sale amounted to $ 5,991,000 and $ 6,140,000 , at December 31, 2015 and 2014, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 17: Stockholders’ Equity Without prior approval, current regulations allow the Bank to pay dividends to the Company not exceeding retained net income for the previous two calendar years and the current year . In the event the Bank becomes unable to pay dividends to the Company, the Company may not be able to service its debt, pay its other obligations or pay dividends on its common stock. At December 31, 201 5 , the Bank was not able to pay dividends without prior regulatory notification.

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2015
Regulatory Capital [Abstract]
Regulatory Capital	Note 18: Regulatory Capital The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth i n the table below) of total , Tier I and Common Equity Tier I capital (as defined in the regulations) to risk-weighted assets (as defined) and of Tier I capital to average assets (as defined). As of December 31, 201 5 and 201 4 , the Company and Bank meet all capital adequacy requirements to which it is subject. I n July 2013, the three federal bank regulatory agencies jointly published final rules (the Basel III Capital Rules) establishing a new comprehensive capital framework for U.S. banking organizations. The rules implement the Basel Committee’s December 2010 framework known as “Basel III” for strengthening international capital standards as well as certain provisions of the Dodd-Frank Act. These rules substantially revise the risk-based capital requirements applicable to bank holding companies and depository institutions, compared to the current U.S. risk-based capital rules. The Basel III Capital Rules define the components of capital and address other issues affecting the numerator in banking institutions’ regulatory capital ratios. These rules also address risk weights and other issues affecting the denominator in banking institutions’ regulatory capital ratios and replace the existing risk-weighting approach with a more risk-sensitive approach. The Basel III Capita l Rules were effective for the Company and Bank on January 1, 2015 (subject to a four-year phase-in period). The Basel III Capital Rules, among other things, (i) introduce a new capital measure called “Common Equity Tier 1” (CET1), (ii) specify that Tier 1 capital consist of CET1 and “Additional Tier 1 Capital” instruments meeting specified requirements, (iii) define CET1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital and (iv) expand the scope of the deductions/adjustments as compared to existing regulations. Under the Basel III Capital Rules, the initial minimum capital ratios as of January 1, 2015, are as follows: 4.5% CET1 to risk-weighted assets 6.0% Tier 1 capital to risk-weighted assets 8.0% Total capital to risk-weighted assets 4.0% Minimum leverage ratio Implementation of the deductions and other adjustments to CET1 began on January 1, 2015, and will phase in over a four-year period (beginning at 40% on January 1, 2015, and an additional 20% per year thereafter). Under the new rule, in order to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers, a banking organization must hold a capital conservation buffer composed of CET1 capital above its minimum risk-based capital requirements. The implementation of the capital conservation buffer begins on January 1, 2016, at the 0.625% level and will phase in over a four-year period (increasing by that amount on each subsequent January 1 until it reaches 2.5% on January 1, 2019). The Company’s and Bank’s actual capital amounts and ratios are presented in the table below. December 31, 2015 Actual Capital Levels Minimum Regulatory Capital Levels Minimum Required To be Considered Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1) : MutualFirst Consolidated $ 132,727 9.1 % $ 58,608 4.0 % N/A N/A MutualBank 134,754 9.2 58,509 4.0 $ 73,136 5.0 % Common Equity Tier 1 Capital Level (2) : MutualFirst Consolidated $ 131,520 12.5 % $ 47,331 4.5 % N/A N/A MutualBank 134,754 12.8 47,309 4.5 $ 68,336 6.5 % Tier 1 Risk-Based Capital Level (3) : MutualFirst Consolidated $ 132,727 12.6 % $ 63,108 6.0 % N/A N/A MutualBank 134,754 12.8 63,079 6.0 $ 84,106 8.0 % Total Risk-Based Capital Level (4) : MutualFirst Consolidated $ 145,368 13.8 % $ 84,144 8.0 % N/A N/A MutualBank 147,395 14.0 84,106 8.0 $ 105,132 10.0 % (1) Tier 1 Capital to Average Total Assets of $1.5 billion for the Bank and Company at December 31, 2015. (2) Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.1 billion for the Bank and Company at December 31, 2015. (3) Tier 1 Capital to Risk-Weighted Assets. (4) Total Capital to Risk-Weighted Assets. December 31, 2014 Actual Capital Levels Minimum Regulatory Capital Levels Minimum Required To be Considered Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1) : MutualFirst Consolidated $ 120,568 8.5 % $ 56,687 4.0 % N/A N/A MutualBank 124,083 8.8 56,610 4.0 $ 70,763 5.0 % Tier 1 Risk-Based Capital Level (2) : MutualFirst Consolidated $ 120,568 12.3 % $ 39,269 4.0 % N/A N/A MutualBank 124,083 12.6 39,257 4.0 $ 58,886 6.0 % Total Risk-Based Capital Level (3) : MutualFirst Consolidated $ 132,847 13.5 % $ 78,537 8.0 % N/A N/A MutualBank 136,362 13.9 78,515 8.0 $ 98,143 10.0 % (1) Tier 1 Capital to Average Total Assets of $1.4 billion for the Bank and Company at December 31, 2014. (2) Tier 1 Capital to Risk-Weighted Assets of $981.4 million for the Bank and $981.7 million for the Company at December 31, 2014. (3) Total Capital to Risk-Weighted Assets.

Employee Benefits

Employee Benefits	12 Months Ended
	Dec. 31, 2015
Employee Benefits [Abstract]
Employee Benefits	Note 19: Employee Benefits The Company has a retirement savings 401(k) plan in which substantially all employees may participate. The contributions are discretionary and determined annually. The Company matches employees' contributions at the following rates: 100 percent of participant contributions up to 4 % and 50 percent of participant contributions from 5 - 6 %, not to exceed a maximum of 5 % of their compensation. The match amounts were increased in 2014 from the prior rates: 100 percent of participant contributions up to 3% and 50 percent of participant contributions from 4 - 5 %, not to exceed a maximum of 4% of their compensation. The Company’s expense for the plan was $ 810,000 , $739,000 and $5 52 ,000 for 201 5 , 201 4 and 201 3 , respectively. The Company has a supplemental retirement plan and deferred compensation arrangements for the benefit of certain officers. The Company also has deferred compensation arrangements with certain directors whereby, in lieu of previously receiving fees, the directors or their beneficiaries will be paid benefits for an established period following the director’s retirement or death. These arrangements are informally funded by life insurance contracts which have been purchased by the Company. The Company records a liability for these vested benefits based on the present value of future payments. The Company’s expense for the plan was $ 66 9 ,000 , $ 730 ,000 and $ 748 ,000 for 201 5 , 201 4 and 201 3 , respectively. The Company has an ESOP covering substantially all of its employees. During 2013 the ESOP reached maturity and the last of the shares were allocated in early 2014. At December 31, 2015 and 2014 the Company had no unearned ESOP shares. Shares we re released to participants proportionately as ESOP debt wa s repaid. Dividends on allocated shares we re recorded as dividends and charged to retained earnings. Dividends on unallocated shares we re used to repay the loan. Compensation expense wa s recorded equal to the fair market value of the stock committed-to-be-released when contributions, which were determined annually by the Board of Directors of the Company and Bank, we re made to the ESOP. There were no expenses under the ESOP for 201 5 and 201 4, and $474,000 in 201 3 . The following table provides information on ESOP shares at December 31: 2015 2014 2013 Allocated shares 417,848 426,877 414,896 Suspense shares - - - Committed-to-be released shares - - 31,785

Stock Option Plans

Stock Option Plans	12 Months Ended
	Dec. 31, 2015
Stock Option Plans [Abstract]
Stock Option Plans	Note 20: Stock Option Plans Under the Company’s stock option plans, which are accounted for in accordance with FASB ASC 718, Stock Compensation , the Company grants selected executives and other key employees and directors incentive and non-qualified stock option awards that vest and become fully exercisable at the discretion of the Compensation Committee as the options are granted. As of the end of the 2015, t he Company is authorized to grant options under our stock option plan approved in 2008 . Under certain provisions of the plan, the number of shares available for grant may be increased without shareholder approval by the amount of shares surrendered as payment of the exercise price of the stock option and by the number of shares of common stock of the Company that could be repurchased by the Company using proceeds from the exercise of stock options. The Company had a stock option plan that was approved in 2000 that expired in 2015. Under the plan provisions, all option grants that have not been exercised or expired are still exercisable until the maturity or the participant forfeits the grant. No additional grants of options can be made from this plan. The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model that uses the assumptions noted in the following table. Expected volatility is based on historical volatility of the Company’s stock and other factors. The Company uses historical data to estimate timing of option exercise s and employee termination s within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted represents the period of time that options are expected to be outstanding; the range given below results from certain groups of employees exhibiting different behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The discount rate for post-vesting restrictions is estimated based on the Company’s credit-adjusted risk-free rate of return. The following is a summary of the status of the Company’s stock option plan s and changes in th ese plan s during 2015 . 2015 Options Shares Weighted- Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, beginning of year 568,220 $ 10.57 Exercised (186,059) 10.81 Outstanding and exercisable, end of year 382,161 $ 10.45 7.2 years $ 5,517 There were 186,059 , 118,823 and 61,677 options exercised during the years ended December 31, 2015, 2014 and 2013. There were no options granted during those periods. The Company will fulfill options with authorized but unissued shares of stock from the 352,741 shares the Company has authorized under the current shareholder - approved equity compensation plan. There were 58,000 shares remaining to be granted under the current plan. The Company will also fulfill options with authorized but unissued shares of stock from the 194,662 shares the Company has authorized under the 2000 stock option plan. Options will continue to be exercised from that plan; however no further grants can be made. Cash received from options exercised under all share-based payment arrangements for years ended December 31, 2015, 2014 and 2013 was $2.0 million, $ 1.3 million and $ 538,000 , respectively . The intrinsic value on options exercised during the years ended December 31, 2015, 2014 and 2013 was $2.2 million, $1.0 million and $377,000 , respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Note 21: Earnings Per Share Earnings per share were computed as follows: 2015 Income Weighted- Average Shares Per-Share Amount Basic Earnings Per Share Net income available to common stockholders $ 12,262 7,374,589 $ 1.66 Effect of Dilutive Securities Stock options - 173,296 Diluted Earnings Per Share Net income available to common stockholders and assumed conversions $ 12,262 7,547,885 $ 1.62 2014 Income Weighted- Average Shares Per-Share Amount Basic Earnings Per Share Net i ncome available to common stockholders $ 11,046 7,160,700 $ 1.54 Effect of Dilutive Securities Stock options - 231,131 Diluted Earnings Per Share Net i ncome available to common stockholders and assumed conversions $ 11,046 7,391,831 $ 1.49 2013 Income Weighted- Average Shares Per-Share Amount Basic Earnings Per Share Net income $ 9,383 7,076,877 Dividends and accretion on preferred stock (1,257) Net i ncome available to common stockholders 8,126 7,076,877 $ 1.15 Effect of Dilutive Securities Stock options - 180,941 Diluted Earnings Per Share Net i ncome available to common stockholders and assumed conversions $ 8,126 7,257,818 $ 1.12 Options to purchase 37,161 , 44,161 and 75,831 shares of common stock were outstanding at December 31, 2015, 2014 and 2013 , respectively , but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares.

Fair Values of Financial Instru

Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2015
Fair Values of Financial Instruments [Abstract]
Fair Values of Financial Instruments	Note 22: Fair Values of Financial Instruments Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 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 for substantially the full term of the assets or liabilities Level 3 Unobservable inputs supported by little or no market activity and are significant to the fair value of the assets or liabilities Items Measured at Fair Value on a Recurring Basis Following is a description of the valuation methodologies and inputs used for instruments measured at fair value on a recurring basis and recognized in the accompanying comparative balance sheet, as well as the general classification of such instruments pursuant to the valuation hierarchy. Available for Sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. The Company uses a third-party provider to provide market prices on its securities. Prices are evaluated by a third party. Level 1 securities include marketable equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include mortgage-backed, collateralized mortgage obligations, municipal, federal agency and certain corporate obligation securities. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy and include certain corporate obligation securities. Third party vendors compile prices from various sources and may apply such techniques as matrix pricing to determine the value of identical or similar investment securities (Level 2). Matrix pricing is a mathematical technique widely used in the banking industry to value investment securities without relying exclusively on quoted prices for specific investment securities but rather relying on investment securities relationship to other benchmark quoted investment securities. Any investment security not valued based upon the methods above are considered Level 3. The following table presents the fair value measurements of assets measured at fair value on a recurring basis and level within the ASC 820 fair value hierarchy in which the fair value measurements fall: Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2015 Mortgage-backed securities $ 107,838 $ - $ 107,838 $ - Collateralized mortgage obligations 84,652 - 84,652 - Municipal obligations 57,188 - 57,188 - Corporate obligations 11,460 - 8,926 2,534 Available for sale securities $ 261,138 $ - $ 258,604 $ 2,534 Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2014 Mortgage-backed securities $ 113,290 $ - $ 113,290 $ - Collateralized mortgage obligations 97,759 - 97,759 - Federal agencies 4 - 4 - Municipal obligations 29,252 - 29,252 - Corporate obligations 20,501 - 17,979 2,522 Available for sale securities $ 260,806 $ - $ 258,284 $ 2,522 The following is a reconciliation of the beginning and ending balances for the years ended December 31, 2015, 2014 and 2013 of recurring fair value measurements recognized in the accompanying balance sheet s using significant unobservable (Level 3) inputs: 2015 2014 2013 Beginning balance $ 2,522 $ 3,336 $ 2,475 Total realized and unrealized gains (losses) Included in net income - (68) - Included in other comprehensive income (loss) 12 2,098 897 Sales - (2,826) - Settlements - (18) (36) Ending balance $ 2,534 $ 2,522 $ 3,336 Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date $ 0 $ 0 $ 0 Items Measured at Fair Value on a Non-Recurring Basis From time to time, certain assets may be recorded at fair value on a non-recurring basis. These non-recurring fair value adjustments typically are a result of the application of lower of cost or fair value accounting or a write-down occurring during the period. The following is a description of the valuation methodologies used for certain assets that are recorded at fair value. Impaired Loans (Collateral Dependent) Loans for which it is probable that the Bank will not collect all principal and interest due according to contractual terms are measured for impairment. Allowable methods for determining the amount of impairment include estimating fair value using the fair value of the collateral for collateral dependent loans. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. Impaired loans that are collateral dependent are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. Other Real Estate Owned The fair value of real estate is generally determined based on appraisals by qualified licensed appraisers. The appraisers typically determine the value of the real estate by utilizing an income or market valuation approach. If an appraisal is not available, the fair value may be determined by using a cash flow analysis. Other real estate owned is classified within Level 3 of the fair value hierarchy. The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the ASC 820 fair value hierarchy in which the fair value measurements fall: Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2015 Impaired loans $ 676 $ - $ - $ 676 Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2014 Other real estate owned $ 1,280 $ - $ - $ 1,280 The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. December 31, 2015 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,534 Discounted cash flow Discount rate 7.0 - 8.0 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 - 1.8 % Projected cures given deferral 0 - 15.0 % Loss severity 33.8 - 40.2 % Impaired loans (collateral dependent) $ 676 Third party valuations Discount to reflect realizable value 20.0 - 50.0 % December 31, 2014 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,522 Discounted cash flow Discount rate 8.0 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 - 1.8 % Projected cures given deferral 0 - 15.0 % Loss severity 34.2 - 39.8 % Other real estate owned $ 1,280 Third party valuations Discount to reflect realizable value less estimated selling costs 24.4 - 36.7 % The following methods and assumptions were used to estimate the fair value of all other financial instrument s recognized in the accompanying balance sheets at amounts other than fair value : Cash and Cash Equivalents - The fair value of cash and cash - equivalents approximates carrying value. Loans Held For Sale - Fair values are based on quoted market prices. Loans - The fair value for loans is estimated using discounted cash flow analyses using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. FHLB Stock - Fair value of FHLB stock is based on the price at which it may be resold to the FHLB. Interest Receivable/Payable - The fair values of interest receivable/payable approximate carrying values. Deposits - The fair values of noninterest-bearing, interest-bearing demand and savings accounts are equal to the amount payable on demand at the balance sheet date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on such time deposits. FHLB Advances - The fair value of these borrowings is estimated using a discounted cash flow calculation, based on current rates for similar debt for periods comparable to the remaining terms to maturity of these advances. Other Borrowings - The fair value of these borrowings is estimated using discounted cash flow analyses using interest rates for similar financial instruments. Off-Balance Sheet Commitments - Commitments include commitments to purchase and originate mortgage loans, commitments to sell mortgage loans, and standby letters of credit and are generally of a short-term nature. The fair values of such commitments 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 these instruments is insignificant. The estimated fair values of the Company’s financial instruments not carried at fair value in the consolidated balance sheets as of the dates noted below are as follows: Fair Value Measurements Using December 31, 2015 Carryi n g Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 20,915 $ 20,915 $ 20,915 $ - $ - Loans held for sale 5,991 6,058 - 6,058 - Loans, net 1,068,204 1,056,357 - - 1,056,357 FHLB stock 10,482 10,482 - 10,482 - Interest receivable 4,201 4,201 - 4,201 - Liabilities Deposits 1,091,382 1,090,975 740,759 - 350,216 FHLB advances 225,617 224,621 - 224,621 - Other borrowings 9,458 9,459 - 9,459 - Interest payable 199 199 - 199 - Fair Value Measurements Using December 31, 2014 Carryi n g Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 29,575 $ 29,575 $ 29,575 $ - $ - Loans held for sale 6,140 6,220 - 6,220 - Loans, net 1,003,518 1,006,233 - - 1,006,233 FHLB stock 11,964 11,964 - 11,964 - Interest receivable 3,730 3,730 - 3,730 - Liabilities Deposits 1,079,320 1,050,295 648,314 - 401,981 FHLB advances 192,442 191,995 - 191,995 - Other borrowings 10,174 10,283 - 10,283 - Interest payable 223 223 - 223 -

Condensed Financial Information

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Dec. 31, 2015
MutualFirst Financial, Inc. [Member]
Condensed Financial Information (Parent Company Only)	\ Note 23: Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial position, results of operations and cash flows of the Company: Condensed Balance Sheets 2015 2014 Assets Cash on deposit with Bank $ 2,732 $ 1,726 Cash on deposit with others 24 657 Total cash 2,756 2,383 Investment in common stock of subsidiaries 143,459 135,264 Deferred tax 214 149 Other assets 262 - Total assets $ 146,691 $ 137,796 Liabilities Other borrowings $ 9,458 $ 10,174 Other liabilities 208 85 Total liabilities 9,666 10,259 Stockholders' Equity 137,025 127,537 Total liabilities and stockholders' equity $ 146,691 $ 137,796 Condensed Statements of Income 2015 2014 2013 Income Interest income from bank $ 1 $ 1 $ 4 Dividends from subsidiaries 3,600 3,500 30,692 Total income 3,601 3,501 30,696 Expenses 1,182 994 1,036 Income before income tax and equity in undistributed income of subsidiaries 2,419 2,735 29,843 Income tax benefit (591) (337) (342) Income before equity in undistributed income (distributions in excess of income) of subsidiaries 3,010 3,072 30,185 Equity in undistributed income (distributions in excess of income) of subsidiaries 9,252 7,974 (20,802) Net Income 12,262 11,046 9,383 Preferred stock dividends and accretion - - 1,257 Net Income Available to Common Shareholders $ 12,262 $ 11,046 $ 8,126 Condensed Statements of Comprehensive Income 2015 2014 2013 Net income $ 12,262 $ 11,046 $ 9,383 Other comprehensive income: Net unrealized holding gain (loss) on securities available for sale (1,186) 8,921 (9,810) Net unrealized gain on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in income 12 381 800 Less: Reclassification adjustment for realized gains included in net income (436) (313) (835) Net unrealized gain on derivative used for cash flow hedges 108 150 157 Net unrealized gain (loss) relating to defined benefit plan 77 (209) 149 (1,425) 8,930 (9,539) Income tax (expense) benefit related to other comprehensive income 537 (3,137) 3,321 Other comprehensive income (loss) (888) 5,793 (6,218) Comprehensive income $ 11,374 $ 16,839 $ 3,165 Condensed Statements of Cash Flows 2015 2014 2013 Operating Activities Net income $ 12,262 $ 11,046 $ 9,383 Item not requiring cash ESOP shares earned - - 474 Deferred income tax benefit (102) 159 71 (Equity in undistributed income) distributions in excess of income of subsidiaries (9,252) (8,202) 20,619 Other 13 19 (365) Net cash provided by operating activities 2,921 3,022 30,182 Investing Activity Investment in subsidiary (250) - - Net cash used in investing activity (250) - - Financing Activities Repayment of other borrowings (759) (759) (759) Stock repurchased - - (28,924) Cash dividends (3,550) (2,297) (2,953) Proceeds from stock options exercised 2,011 1,347 570 Net cash used in financing activities (2,298) (1,709) (32,066) Net Change in Cash 373 1,313 (1,884) Cash, Beginning of Year 2,383 1,070 2,954 Cash, End of Year $ 2,756 $ 2,383 $ 1,070

Quarterly Results of Operations

Quarterly Results of Operations (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Results of Operations [Abstract]
Quarterly Results of Operations	Note 24: Quarterly Results of Operations (Unaudited) Quarter Ended Interest Income Interest Expense Net Interest Income Provision for Loan Losses Net Income Net Income Available to Common Shareholders Basic Earnings Per Common Share Diluted Earnings Per Common Share 2015 March 31 $ 12,683 $ 2,165 $ 10,518 $ - $ 2,481 $ 2,481 $ 0.34 $ 0.33 June 30 12,731 2,191 10,540 - 3,218 3,218 0.44 0.43 September 30 13,049 2,233 10,816 - 3,225 3,225 0.44 0.43 December 31 13,313 2,214 11,099 125 3,338 3,338 0.45 0.44 Total $ 51,776 $ 8,803 $ 42,973 $ 125 $ 12,262 $ 12,262 $ 1.66 $ 1.62 2014 March 31 $ 12,738 $ 2,319 $ 10,419 $ 350 $ 2,020 $ 2,020 $ 0.28 $ 0.27 June 30 12,744 2,186 10,558 500 2,614 2,614 0.37 0.36 September 30 12,803 2,163 10,640 - 2,751 2,751 0.38 0.37 December 31 12,893 2,255 10,638 - 3,661 3,661 0.51 0.49 Total $ 51,178 $ 8,923 $ 42,255 $ 850 $ 11,046 $ 11,046 $ 1.54 $ 1.49 2013 March 31 $ 12,901 $ 2,922 $ 9,979 $ 950 $ 2,022 $ 1,661 $ 0.24 $ 0.23 June 30 12,877 2,857 10,020 550 2,157 1,879 0.27 0.26 September 30 13,041 2,801 10,240 750 2,518 2,247 0.32 0.31 December 31 12,848 2,644 10,204 (950) 2,686 2,339 0.33 0.32 Total $ 51,667 $ 11,224 $ 40,443 $ 1,300 $ 9,383 $ 8,126 $ 1.15 $ 1.12

Change in Accounting Principle

Change in Accounting Principle (Imported)	12 Months Ended
	Dec. 31, 2015
Impact of Accounting Pronouncements [Abstract]
Change in Accounting Principle	Note 25 : Change in Accounting Principle The Company makes certain equity investments in various limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (LIHTC) pursuant to Section 42 of the Internal Revenue Code. The Bank has investments in eight Indiana limited partnerships within Indiana and contiguous states. The purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act. The primary activities of the limited partnerships include the identification, development, and operation of multi-family housing that is leased to qualifying residential tenants. Generally, these types of investments are funded through a combination of debt and equity. The Bank is a limited partner in each LIHTC Partnership. A separate unrelated third party is the general partner. Each limited partnership is managed by the general partner, who exercises full and exclusive control over the affairs of the limited partnership. Duties entrusted to the general partner of each limited partnership include, but are not limited to: investment in operating companies, company expenditures, investment of excess funds, borrowing funds, employment of agents, disposition of fund property, prepayment and refinancing of liabilities, votes and consents, contract authority, disbursement of funds, accounting methods, tax elections, bank accounts, insurance, litigation, cash reserve, and use of working capital reserve funds. Except for limited rights granted to consent to certain transactions, the limited partner(s) may not participate in the operation, management, or control of the limited partnership’s business, transact any business in the limited partnership’s name or have any power to sign documents for or otherwise bind the limited partnership. In addition, the general partner may only be removed by the limited partner(s) in the event the general partner fails to comply with the terms of the agreement and/or is negligent in performing its duties. The Company believes the general partner of each limited partnership has the power to direct the activities which most significantly affect the performance of each partnership; therefore, the Bank has determined that it is not the primary beneficiary of any LIHTC partnership. The Company uses the proportional amortization method to account for a majority of its investments in these entities. These investments are included in accrued income and other assets. During the 2015 first quarter, the Bank adopted ASU 2014-01. The amendments are required to be applied retrospectively to all periods presented. As a result of these changes, the Bank recorded a cumulative-effective adjustment to beginning retained earnings. The Company believes the application of the proportional amortization method aligns the accounting more closely with the economics of the transaction and therefore provides more transparency to the financial reporting. The following table summarizes the balance sheet and income statement amounts impacted by the change at the dates or for the periods indicated as of December 31, 2014 and 2013 : December 31, December 31, 2014 2013 Investment in limited partnerships As previously reported $ 1,582 As reported under the new guidance 527 Deferred tax asset As previously reported 13,305 As reported under the new guidance 13,575 Retained earnings As previously reported 50,171 $ 41,650 As reported under the new guidance 49,386 40,637 Year Ended Year Ended December 31, December 31, 2014 2013 Non-interest income As previously reported $ 14,374 $ 13,552 As reported under the new guidance 14,885 14,063 Income tax expense As previously reported 3,583 3,808 As reported under the new guidance 3,866 4,136 Net income As previously reported 10,818 7,943 As reported under the new guidance 11,046 8,126 Basic Earnings Per Share As previously reported 1.51 1.12 As reported under the new guidance 1.54 1.15 Diluted Earnings Per Share As previously reported 1.46 1.09 As reported under the new guidance 1.49 1.12

Nature of Operations and Summ34

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Consolidation	Consolidation - The consolidated financial statements include the accounts of the Company, the Bank, and the Bank’s subsidiaries, after elimination of all material intercompany transactions.
Cash Equivalents	Cash Equivalents - The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. At December 31, 201 5 and 201 4 , cash equivalents consisted primarily of money market accounts with brokers and checking accounts with government sponsored entities. At December 31, 2015, the Company’s cash accounts exceeded federally insured limits by approximately $ 4.2 million. Included in this amount are uninsured accounts of approximately $ 2.2 million at the Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis.
Investment Securities	Investment Securities - Certain debt securities that management has the positive intent and ability to hold to maturity are classified as “held to maturity” and recorded at amortized cost . At December 31, 2015 and 2014, no securities were classified as held to maturity . Securities not classified as held to maturity, including equity securities with readily determinable fair values, are classified as “available for sale” and recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. When the Company does not intend to sell a debt security, and it is more likely than not that , the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. For held-to-maturity debt securities, the amount of an other-than-temporary impairment recorded in other comprehensive income for the noncredit portion of a previous other-than-temporary impairment is amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. T he Company’s consolidated statement of income reflects the full impairment (that is, the difference s between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available for sale and held-to-maturity debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. For equity securities, when the Company has decided to sell an impaired available for sale security and does not expect the fair value of the security to fully recover before the expected time of sale, the security is deemed other-than-temporarily impaired in the period in which the decision to sell is made. The Company recognizes an impairment loss when the impairment is deemed other than temporary even if a decision to sell has not been made. Declines in the fair value of securities below their cost that are other-than-temporary are reflected as realized losses. In estimating other-than-temporary losses, management considers the length of time and extent that fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the Company’s ability and intent to hold the security for a period sufficient to allow for any anticipated recovery in fair value.
Loans held for sale	Loans held for sale are carried at the lower of aggregate cost or market. Market is determined using the aggregate method. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income based on the difference between estimated sales proceeds and aggregate cost.
Loans	Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoffs are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses, any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. The accrual of interest on mortgage , consumer and commercial loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Discounts and premiums on purchased residential real estate and commercial loans is amortized to income using the interest method over the remaining period to contractual maturity, adjusted for anticipated prepayments. Discounts and premiums on purchased consumer loans are recognized over the expected lives of the loans using methods that approximate the interest method.
Allowance for loan losses	Allowance for loan losses - The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the inability to collect a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. We maintain an allowance for loan losses to absorb losses inherent in the loan portfolio. The allowance is based on ongoing, quarterly assessments of the estimated losses inherent in the loan portfolio. Our methodology for assessing the appropriateness of the allowance consists of several key elements, including the general allowance and specific allowances for identified problem loans and portfolio segments. In addition, the allowance incorporates the results of measuring impaired loans as provided in ASC 310, Receivables . These accounting standards prescribe the measurement methods, income recognition and disclosures related to impaired loans. The general allowance is calculated by applying loss factors to outstanding loans based on the internal risk evaluation of such loans or pools of loans. Changes in risk evaluations of both performing and nonperforming loans affect the amount of the general allowance. Loss factors are based on our historical loss experience as well as on significant factors that, in management’s judgment, affect the collectability of the portfolio as of the evaluation date. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior three years. Management believes the three year historical loss experience methodology is appropriate in the current economic environment, as it captures loss rates that are comparable to the current period being analyzed. The appropriateness of the allowance is reviewed by management based upon its evaluation of then-existing economic and business conditions affecting our key lending areas and other conditions, such as credit quality trends (including trends in non-performing loans expected to result from existing conditions), collateral values, loan volumes and concentrations, specific industry conditions within portfolio segments and recent loss experience in particular segments of the portfolio that existed as of the balance sheet date and the impact that such conditions were believed to have had on the collectability of the loan. Senior management reviews these conditions quarterly in discussions with our senior credit officers. To the extent that any of these conditions is evidenced by a specifically identifiable problem credit or portfolio segment as of the evaluation date, management’s estimate of the effect of such condition may be reflected as a specific allowance applicable to such credit or portfolio segment. Where any of these conditions is not evidenced by a specifically identifiable problem credit or portfolio segment as of the evaluation date, management’s evaluation of the loss related to this condition is reflected in the general allowance for loan losses. The evaluation of the inherent loss with respect to these conditions is subject to a higher degree of uncertainty because they are not identified with specific problem credits or portfolio segments. The allowance for loan losses is based on estimates of losses inherent in the loan portfolio. Actual losses can vary significantly from the estimated amounts. Our methodology as described permits adjustments to any loss factor used in the computation of the general allowance in the event that, in management’s judgment, significant factors which affect the collectability of the portfolio as of the evaluation date are not reflected in the loss factors. By assessing the probable incurred losses inherent in the loan portfolio on a quarterly basis, we are able to adjust specific and inherent loss estimates based upon any more recent information that has become available. Although employment began to stabilize in the prior year, the impact of job losses over the recent years combined with the decline in real estate values and the increase in higher risk loans, like consumer and commercial loans, as a percentage of total loans, management has concluded that our allowance for loan losses should be greater than historical loss experience and specifically identified losses would otherwise indicate. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the ability to collect the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonclassified loans and is based on historical charge-off experience and expected loss given default derived from the Company’s internal risk rating process. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Company does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower.
Premises and equipment	Premises and equipment are carried at cost net of accumulated depreciation. Depreciation is computed using the straight-line method based principally on the estimated useful lives of the assets which range from 3 to 50 years. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are included in current operations.
Federal Home Loan Bank stock	Federal Home Loan Bank stock is a required investment for institutions that are members of the Federal Home Loan Bank (FHLB) system. The required investment in the common stock is based on a predetermined formula, carried at cost and is evaluated for impairment.
Mortgage-servicing	Mortgage-servicing assets are recognized separately when rights are acquired through purchase or through sale of financial assets. Under the servicing assets and liabilities accounting guidance , servicing rights resulting from the sale or securitization of loans originated by the Company are initially measured at fair value at the date of transfer. The Company subsequently measures each class of servicing asset using the amortization method. Under the amortization method, servicing rights are amortized in proportion to and over the period of estimated net servicing income. The amortized assets are assessed for impairment based on fair value at each reporting date. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. These variables change from quarter to quarter as market conditions and projected interest rates change, and may have an adverse impact on the value of the mortgage servicing right and may result in a reduction to noninterest income. Each class of separately recognized servicing assets subsequently measured using the amortization method are evaluated and measured for impairment. Impairment is determined by stratifying rights into tranches based on predominant characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the carrying amount of the servicing assets for that tranche. The valuation allowance is adjusted to reflect changes in the measurement of impairment after the initial measurement of impairment. Changes in valuation allowances are reported with net servicing fees on the income statement. Fair value in excess of the carrying amount of servicing assets for that stratum is not recognized. Servicing fee income is recorded for fees earned for servicing loans. The fees are based on a contractual percentage of the outstanding principal or a fixed amount per loan and are recorded as income when earned. The amortization of mortgage servicing rights is netted against loan servicing fee income.
Investment in limited partnerships	Investment in limited partnerships is recorded primarily on the proportional amortization method of accounting. Under the proportional amortization method, the Company amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit).
Intangible assets	Intangible assets are being amortized on an accelerated basis over periods ranging from three to 11 years. Such assets are periodically evaluated as to the recoverability of their carrying value.
Income taxes	Income tax es are account ed for in accordance with income tax accounting guidance. The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the balance shee t method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred tax assets are evaluated on a quarterly basis for recoverability based on all available evidence. This process involves significant management judgment about assumptions that are subject to change from period to period based on changes in tax laws or variances between our future projected operating performance and our actual results. We are required to establish a valuation allowance for deferred tax assets if we determine, based on available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets will not be realized. In determining the more-likely-than-not criterion, we evaluate all positive and negative available evidence as of the end of each reporting period. Future adjustments to the deferred tax asset valuation allowance, if any, will be determined based upon changes in the expected realization of the net deferred tax assets. The realization of the deferred tax assets ultimately depends on the existence of sufficient taxable income in either the carry back or carry forward periods under applicable tax laws. Due to significant estimates utilized in establishing the valuation allowance and the potential for changes in facts and circumstances, it is reasonably possible that we will be required to record adjustments to the valuation allowance in the near term if estimates of future taxable income during the carry forward period are reduced. Such a charge could have a material adverse effect on our results of operations, financial condition, and capital position. Uncertain tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries.
Earnings per share	Earnings per share is computed based upon the weighted-average common and common equivalent shares outstanding during each year.
Comprehensive income	Comprehensive income consists of net income and other comprehensive income, net of applicable income taxes. Other comprehensive income includes unrealized gains (losses) on available for sale securities, unrealized gains (losses) on available for sale securities for which a portion of an other-than-temporary impairment has been recognized in income, unrealized and realized gains and losses in derivative financial instruments and changes in the funded status of defined benefit pension plans.
Stock options	Stock options - The Company has stock-based employee compensation plans, which are described more fully in Note 2 0 .

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2015
Investment Securities [Abstract]
Amortized Cost and Fair Values of Securities	The amortized costs and approximate fair values, together with gross unrealized gains and losses on securities, are as follows: 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 106,524 $ 1,562 $ (248) $ 107,838 Collateralized mortgage obligations 84,976 537 (861) 84,652 Municipal obligations 54,427 2,781 (20) 57,188 Corporate obligations 12,805 1 (1,346) 11,460 Total investment securities $ 258,732 $ 4,881 $ (2,475) $ 261,138 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for Sale Securities Mortgage-backed securities $ 110,452 $ 2,927 $ (89) $ 113,290 Collateralized mortgage obligations 97,325 1,270 (836) 97,759 Federal agencies 4 - - 4 Municipal obligations 27,246 2,013 (7) 29,252 Corporate obligations 21,763 44 (1,306) 20,501 Total investment securities $ 256,790 $ 6,254 $ (2,238) $ 260,806
Amortized Cost and Fair Value of Available for Sale Securities by Contractual Maturity	The amortized cost and fair value of securities available for sale at December 31, 201 5 , by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Description Securities Amortized Cost Fair Value Security obligations due One to five years $ 10,003 $ 9,964 Five to ten years 1,489 1,591 After ten years 55,740 57,093 67,232 68,648 Mortgage-backed securities 106,524 107,838 Collateralized mortgage obligations 84,976 84,652 Totals $ 258,732 $ 261,138
Investments Gross Unrealized Losses and Fair Value in Continuous Unrealized Loss Position	The following tables show the gross unrealized losses and fair value of the Company’s investments , aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 201 5 and 201 4 : 2015 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available for Sale Mortgage-backed securities $ 38,649 $ (248) $ - $ - $ 38,649 $ (248) Collateralized mortgage obligations 27,457 (281) 21,271 (580) 48,728 (861) Municipal obligations 2,739 (17) 491 (3) 3,230 (20) Corporate obligations 4,425 (75) 2,534 (1,271) 6,959 (1,346) Total temporarily impaired securities $ 73,270 $ (621) $ 24,296 $ (1,854) $ 97,566 $ (2,475) 2014 Less than 12 Months 12 Months or More Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Available for Sale Mortgage-backed securities $ 1,069 $ (9) $ 19,580 $ (80) $ 20,649 $ (89) Collateralized mortgage obligations 5,075 (40) 34,159 (796) 39,234 (836) Municipal obligations - - 631 (7) 631 (7) Corporate obligations - - 6,995 (1,306) 6,995 (1,306) Total temporarily impaired securities $ 6,144 $ (49) $ 61,365 $ (2,189) $ 67,509 $ (2,238)
Debt Securities for which Credit Loss was Recognized in Income and Other Losses Recorded in Other Comprehensive Income	The following table provides information about debt securities for which only a credit loss was recognized in income and other losses are recorded in other comprehensive income. Accumulated Credit Losses 2015 2014 2013 Credit losses on debt securities held Beginning of period $ 109 $ 1,205 $ 1,205 Reductions related to actual losses incurred - - - Reductions for previous credit losses realized on securities sold during the year - (1,096) - As of December 31, $ 109 $ 109 $ 1,205

Loans and Allowance (Tables)

Loans and Allowance (Tables)	12 Months Ended
	Dec. 31, 2015
Loans and Allowance [Abstract]
Schedule of Classes of Loans	Note 5: Loans and Allowance Classes of loans at December 31, 2015 and 2014 include: December 31, December 31, 2015 2014 Real estate Commercial $ 236,895 $ 198,019 Commercial construction and development 15,744 33,102 Consumer closed end first mortgage 491,451 517,063 Consumer open end and junior liens 70,990 71,073 815,080 819,257 Other loans Consumer loans Auto 15,480 14,712 Boat/RVs 123,621 94,761 Other 6,171 5,184 Commercial and industrial 123,043 88,474 268,315 203,131 Total loans 1,083,395 1,022,388 Undisbursed loans in process (7,432) (9,285) Unamortized deferred loan costs, net 4,882 3,583 Allowance for loan losses (12,641) (13,168) Net loans $ 1,068,204 $ 1,003,518
Non-Accrual Loans Segregated by Class of Loans	Year-end non-accrual loans, segregated by class of loans, were as follows: December 31, December 31, 2015 2014 Real estate Commercial $ 2,356 $ 2,023 Commercial construction and development - 209 Consumer closed end first mortgage 3,592 3,499 Consumer open end and junior liens 783 658 Consumer loans Auto - - Boat/RVs 81 191 Other 67 27 Commercial and industrial 25 605 $ 6,904 $ 7,212
Age Analysis of Past Due Loans Segregated by Class of Loans	An age analysis of the Company’s past due loans, segregated by class of loans, as of December 31, 201 5 and 201 4 are as follows: December 31, 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Total Loans 90 Days and Accruing Real estate Commercial $ 922 $ 20 $ 2,212 $ 3,154 $ 233,741 $ 236,895 $ - Commercial construction and development - - - - 15,744 15,744 - Consumer closed end first mortgage 7,272 1,328 3,091 11,691 479,760 491,451 267 Consumer open end and junior liens 296 187 765 1,248 69,742 70,990 - Consumer loans Auto 89 - - 89 15,391 15,480 - Boat/RVs 1,135 102 71 1,308 122,313 123,621 - Other 89 14 62 165 6,006 6,171 - Commercial and industrial 192 383 5 580 122,463 123,043 - $ 9,995 $ 2,034 $ 6,206 $ 18,235 $ 1,065,160 $ 1,083,395 $ 267 December 31, 2014 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Total Loans 90 Days and Accruing Real estate Commercial $ 1,308 $ 848 $ 325 $ 2,481 $ 195,538 $ 198,019 $ - Commercial construction and development - - 209 209 32,893 33,102 - Consumer closed end first mortgage 8,144 1,220 2,160 11,524 505,539 517,063 226 Consumer open end and junior liens 969 130 27 1,126 69,947 71,073 - Consumer loans Auto 65 - - 65 14,647 14,712 - Boat/RVs 775 158 115 1,048 93,713 94,761 - Other 92 27 14 133 5,051 5,184 - Commercial and industrial 1,066 176 441 1,683 86,791 88,474 - $ 12,419 $ 2,559 $ 3,291 $ 18,269 $ 1,004,119 $ 1,022,388 $ 226
Impaired Loans	The following tables present impaired loans for the year s ended December 31, 201 5 , 201 4 and 201 3: December 31, 2015 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized Loans without a specific valuation allowance Real estate Commercial $ 3,608 $ 3,608 $ - $ 4,115 $ 172 Commercial construction and development 595 595 - 735 31 Consumer closed end first mortgage 1,126 1,126 - 1,131 - Consumer open end and junior liens 481 481 - 381 - Commercial and industrial 214 214 - 423 2 Loans with a specific valuation allowance Real estate Commercial 676 676 100 793 20 Total Real estate Commercial $ 4,284 $ 4,284 $ 100 $ 4,908 $ 192 Commercial construction and development $ 595 $ 595 $ - $ 735 $ 31 Consumer closed end first mortgage $ 1,126 $ 1,126 $ - $ 1,131 $ - Consumer open end and junior liens $ 481 $ 481 $ - $ 381 $ - Commercial and industrial $ 214 $ 214 $ - $ 423 $ 2 Total $ 6,700 $ 6,700 $ 100 $ 7,578 $ 225 December 31, 2014 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized Loans without a specific valuation allowance Real estate Commercial $ 4,933 $ 4,933 $ - $ 3,776 $ 161 Commercial construction and development 931 1,860 - 1,323 30 Consumer closed end first mortgage 1,138 1,138 - 1,142 8 Consumer open end and junior liens - - 100 3 Commercial and industrial 758 789 - 923 12 Total $ 7,760 $ 8,720 $ - $ 7,264 $ 214 As of December 31, 2014, there were no impaired loans with a valuation allowance. December 31, 2013 Recorded Balance Unpaid Principal Balance Specific Allowance Average Investment in Impaired Loans Interest Income Recognized Loans without a specific valuation allowance Real estate Commercial $ 3,148 $ 3,660 $ - $ 3,894 $ 160 Commercial construction and development 1,294 3,218 - 5,386 46 Consumer closed end first mortgage 1,483 2,071 - 2,582 33 Commercial and industrial 764 764 - 897 2 Loans with a specific valuation allowance Real estate Commercial construction and development 344 371 100 344 - Commercial and industrial 424 624 235 566 20 Total Real estate Commercial $ 3,148 $ 3,660 $ - $ 3,894 $ 160 Commercial construction and development $ 1,638 $ 3,589 $ 100 $ 5,730 $ 46 Consumer closed end first mortgage $ 1,483 $ 2,071 $ - $ 2,582 $ 33 Commercial and industrial $ 1,188 $ 1,388 $ 235 $ 1,463 $ 22 Total $ 7,457 $ 10,708 $ 335 $ 13,669 $ 261
Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating	December 31, 2015 Commercial Credit Exposure Credit Risk Profile Internal Rating Real Estate Construction and Development Commercial and Industrial Pass $ 226,439 $ 13,986 $ 119,540 Special Mention 4,137 1,309 3,300 Substandard 6,319 449 203 Doubtful - - - Total $ 236,895 $ 15,744 $ 123,043 Consumer Credit Exposure Credit Risk Profile Internal Rating Closed End First Mortgage Real Estate Open End and Junior Liens Auto Boat/RV Other Pass $ 484,658 $ 70,086 $ 15,480 $ 123,490 $ 6,097 Special Mention - - - - - Substandard 6,793 904 - 131 74 Total $ 491,451 $ 70,990 $ 15,480 $ 123,621 $ 6,171 December 31, 2014 Commercial Credit Exposure Credit Risk Profile Internal Rating Real Estate Construction and Development Commercial and Industrial Pass $ 187,436 $ 30,422 $ 84,746 Special Mention 3,316 1,721 439 Substandard 7,267 959 2,848 Doubtful - - 441 Total $ 198,019 $ 33,102 $ 88,474 Consumer Credit Exposure Credit Risk Profile Internal Rating Closed End First Mortgage Real Estate Open End and Junior Liens Auto Boat/RV Other Pass $ 509,765 $ 70,299 $ 14,704 $ 94,377 $ 5,125 Special Mention - - - - - Substandard 7,298 774 8 384 59 Total $ 517,063 $ 71,073 $ 14,712 $ 94,761 $ 5,184
Activity in Allowance for Loan Losses by Portfolio Segment	The following tables detail activity in the allowance for loan losses by portfolio segment for the year s ended December 31, 2015, 2014 and 2013. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses on other segments. December 31, 2015 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 7,085 $ 3,471 $ 2,612 $ 13,168 Provision charged to expense (389) (179) 693 125 Losses charged off (104) (643) (640) (1,387) Recoveries 498 34 203 735 Balance, end of period $ 7,090 $ 2,683 $ 2,868 $ 12,641 Ending balance: Individually evaluated for impairment $ 100 $ - $ - $ 100 Collectively evaluated for impairment 6,990 2,683 2,868 12,541 Total allowance for loan losses $ 7,090 $ 2,683 $ 2,868 $ 12,641 Loans: Ending balance Individually evaluated for impairment $ 5,093 $ 1,126 $ 481 $ 6,700 Collectively evaluated for impairment 370,589 490,325 215,781 1,076,695 Total Loans $ 375,682 $ 491,451 $ 216,262 $ 1,083,395 December 31, 2014 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 8,148 $ 3,124 $ 2,140 $ 13,412 Provision charged to expense (1,273) 888 1,235 850 Losses charged off (289) (572) (1,021) (1,882) Recoveries 499 31 258 788 Balance, end of period $ 7,085 $ 3,471 $ 2,612 $ 13,168 Ending balance: Individually evaluated for impairment $ - $ - $ - $ - Collectively evaluated for impairment 7,085 3,471 2,612 13,168 Total allowance for loan losses $ 7,085 $ 3,471 $ 2,612 $ 13,168 Loans: Ending balance Individually evaluated for impairment $ 6,622 $ 1,138 $ - $ 7,760 Collectively evaluated for impairment 312,973 515,925 185,730 1,014,628 Total Loans $ 319,595 $ 517,063 $ 185,730 $ 1,022,388 December 31, 2013 Commercial Mortgage Consumer Total Allowance for loan losses: Balance, beginning of year $ 9,908 $ 3,394 $ 2,736 $ 16,038 Provision charged to expense 884 343 73 1,300 Losses charged off (2,713) (886) (940) (4,539) Recoveries 69 273 271 613 Balance, end of period $ 8,148 $ 3,124 $ 2,140 $ 13,412 Ending balance: Individually evaluated for impairment $ 335 $ - $ - $ 335 Collectively evaluated for impairment 7,813 3,124 2,140 13,077 Total allowance for loan losses $ 8,148 $ 3,124 $ 2,140 $ 13,412 Loans: Ending balance Individually evaluated for impairment $ 5,974 $ 1,483 $ - $ 7,457 Collectively evaluated for impairment 283,566 529,789 169,395 982,750 Total Loans $ 289,540 $ 531,272 $ 169,395 $ 990,207
Troubled Debts Restructured	The following tables describe troubled debts restructured during the years ended December 31, 2015, 2014 and 2013. December 31, 2015 No. of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate Commercial 4 $ 2,399 $ 2,406 Commercial construction and development 1 155 155 Consumer closed end first mortgage 8 287 287 Consumer open end and junior liens 3 51 51 Consumer loans Auto 2 25 25 Commercial and industrial 1 88 83 December 31, 2014 No. of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate Commercial 6 $ 1,229 $ 1,248 Consumer closed end first mortgage 12 1,493 1,139 Consumer open end and junior liens 5 58 59 Commercial and industrial 2 193 223 December 31, 2013 No. of Loans Pre-Modification Outstanding Recorded Balance Post-Modification Outstanding Recorded Balance Real estate Commercial 3 $ 1,532 $ 1,601 Commercial construction and development Consumer closed end first mortgage 24 1,706 1,884 Consumer open end and junior liens 30 1,236 1,249 Consumer loans Auto 2 22 22 Boat/RVs 6 172 171 Other 1 11 11 Commercial and industrial 3 1,122 843
Newly Restructured Loans by Types	Newly restructured loans by type for the years ended December 31, 2015, 2014 and 2013 are as follows: December 31, 2015 Interest Only Term Combination Total Modification Real Estate Commercial $ - $ 2,406 $ - $ 2,406 Commercial construction and development - - 155 155 Consumer closed end first mortgage - 11 276 287 Consumer open end junior lien - 51 - 51 Consumer Auto - 25 - 25 Commercial and industrial - 83 - 83 December 31, 2014 Interest Only Term Combination Total Modification Real Estate Commercial $ - $ 701 $ 547 $ 1,248 Consumer closed end first mortgage 101 - 1,038 1,139 Consumer open end junior lien - 28 31 59 Commercial and industrial - 223 - 223 December 31, 2013 Interest Only Term Combination Total Modification Real Estate Commercial $ - $ - $ 1,601 $ 1,601 Commercial construction and development Consumer closed end first mortgage - 36 1,848 1,884 Consumer open end junior lien 250 402 597 1,249 Consumer Loans Auto - 4 18 22 Boat/RVs - 135 36 171 Other - - 11 11 Commercial and industrial - 209 634 843
Troubled Debts Restructured Defaulted	Defaults of any loans modified as troubled debt restructurings made in the years ended December 31, 2015, 2014 and 2013, respectively, are listed in the table below. Defaults are defined as any loans that become 90 days past due . We have included an other commercial loan in the default category as of December 31, 2013 in the table below, due to a large subsequent charge-off after modification. December 31, 2015 No. of Loans Post-Modification Outstanding Recorded Balance Real Estate Commercial 1 $ 820 December 31, 2014 No. of Loans Post-Modification Outstanding Recorded Balance Real Estate Consumer closed end first mortgage 4 $ 663 Consumer open end and junior liens 1 23 December 31, 2013 No. of Loans Post-Modification Outstanding Recorded Balance Real Estate Consumer closed end first mortgage 3 $ 210 Commercial and industrial 1 634

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Aggregate Amount of Loans to Related Parties	The aggregate amount of loans, as defined, to such related parties was as follows: 2015 Balances, January 1, $ 7,967 Change in composition 139 New loans, including renewals 5,457 Payments, etc., including renewals (5,501) Balances, December 31, $ 8,062

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Premises and Equipment [Abstract]
Premises and Equipment	Major classifications of premises and equipment, stated at cost, are as follows: 2015 2014 Cost Land $ 12,393 $ 13,100 Buildings and land improvements 26,651 25,334 Equipment 12,877 12,555 Total cost 51,921 50,989 Accumulated depreciation and amortization (20,873) (20,050) Net $ 31,048 $ 30,939

Core Deposit and Other Intang39

Core Deposit and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2015
Core Deposit and Other Intangibles [Abstract]
Carrying Basis of Recognized Intangible Assets	The carrying basis of recognized intangible assets at December 31, 2015 and 2014, were: 2015 2014 Core deposits $ 444 $ 840 Other intangibles 367 265 $ 811 $ 1,105
Estimated Amortization Expense	Estimated amortization expense for each of the next five years is: 2016 $ 420 2017 264 2018 114 2019 13 2020 - $ 811

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 w ere : 2015 2014 Balance as of January 1 $ 1,800,000 $ - Goodwill acquired during the year - 1,800,000 Balance as of December 31 $ 1,800,000 $ 1,800,000

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2015
Deposits [Abstract]
Deposits	Deposits were comprised of the following at December 31, 2015 and 2014: December 31, December 31, 2015 2014 Noninterest-bearing demand $ 179,542 $ 154,178 Interest-bearing demand 267,089 253,042 Savings 131,578 124,051 Money market savings 162,551 146,847 Certificates and other time deposits of $100,000 or more 147,268 164,543 Other certificates 203,354 236,659 Total deposits $ 1,091,382 $ 1,079,320
Certificates, Including Other Time Deposits	Certificates, including other time deposits of $100,000 or more, maturing in years ending December 31 are as follows : 2016 $ 143,476 2017 76,035 2018 38,023 2019 31,960 2020 57,302 Thereafter 3,826 $ 350,622

Federal Home Loan Bank Advanc42

Federal Home Loan Bank Advances (Tables)	12 Months Ended
	Dec. 31, 2015
Federal Home Loan Bank Advances [Abstract]
Federal Home Loan Bank Advances Maturing by Period	FHLB advances maturing in years ending December 31 are as follows: 2016 $ 23,526 2017 47,528 2018 39,030 2019 40,533 2020 36,500 Thereafter 38,500 $ 225,617

Other Borrowings (Tables)

Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2015
Other Borrowings [Abstract]
Components of Other Borrowings	Other borrowings consisted of the following components as of December 31: 2015 2014 Note payable $ 5,312 $ 6,071 Subordinated debenture, net of discount 4,146 4,103 Total $ 9,458 $ 10,174
Maturity of Notes Payable	The maturity of the First Tennessee note is as follows: Principal Payments Due in Years Ending December 31: 2016 $ 759 2017 4,553 $ 5,312

Loan Servicing (Tables)

Loan Servicing (Tables)	12 Months Ended
	Dec. 31, 2015
Loan Servicing [Abstract]
Unpaid Principal Balances of Loans Serviced	Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of these loans consist of the following: 2015 2014 Loans serviced for Freddie Mac $ 295,613 $ 295,589 Fannie Mae 11,535 16,024 FHLB 12,677 12,963 Other investors 1,763 1,670 $ 321,588 $ 326,246
Mortgage-Servicing Rights	2015 2014 2013 Mortgage-servicing rights Balances, January 1 $ 1,417 $ 1,858 $ 2,396 Servicing rights capitalized 458 278 464 Amortization of servicing rights (540) (719) (1,002) 1,335 1,417 1,858 Valuation allowance - - - $ 1,335 $ 1,417 $ 1,858
Fair Value of Servicing Rights	The fair value of servicing rights subsequently measured using the amortization method was as follows: 2015 2014 2013 Mortgage-servicing rights Fair value, beginning of period $ 2,048 $ 2,106 $ 1,731 Fair value, end of period 2,179 2,048 2,106
Activity in Valuation Allowance for Mortgage Servicing Right	Activity in the valuation allowance for mortgage servicing right s was as follows: 2015 2014 2013 Balance, beginning of year $ - $ - $ 665 Additions - - - Reductions - - (665) Balance, end of year $ - $ - $ -

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax [Abstract]
Provision for Income Taxes	The provision for income taxes includes these components: 2015 2014 2013 Income tax expense Currently payable Federal $ 2,909 $ 3,040 $ 2,426 State (257) (261) (677) Deferred Federal 1,449 606 1,546 State 477 481 841 Total income tax expense $ 4,578 $ 3,866 $ 4,136
Reconciliation of Income Tax Expenses At Federal Rate to Actual Tax Expense	A reconciliation of income tax expense at the federal statutory rate to actual tax expense is shown below : 2015 2014 2013 Federal statutory income tax at 34% $ 5,721 $ 4,897 $ 4,423 Other than temporary impairment - (615) - State taxes 145 145 109 Low income housing credits (96) (107) (159) Tax-exempt income (1,111) (818) (725) Other (81) 364 488 Actual tax expense $ 4,578 $ 3,866 $ 4,136 Effective tax rate 27.21 % 25.93 % 30.59 %
Components of Deferred Assets	The components of the deferred asset included on the consolidated balance sheets were as follows: 2015 2014 Assets Allowance for loan losses $ 5,091 $ 5,344 Deferred compensation 3,193 3,191 Business tax and AMT credit carryovers 4,776 5,463 Capital loss carryover 139 144 Net operating loss carryover 1,845 2,148 Goodwill impairment 2,188 2,611 Purchase accounting adjustments 1,060 1,120 Other 1,275 1,306 Total assets 19,567 21,327 Liabilities Unrealized gain on securities available for sale $ (720) $ (1,375) Depreciation and amortization (465) (532) FHLB stock (358) (447) State income tax (585) (757) Loan fees (298) (245) Investments in limited partnerships (2,255) (2,314) Mortgage servicing rights (572) (501) Other (1,010) (361) Total liabilities (6,263) (6,532) Valuation Allowance Beginning balance (1,220) (1,835) Decrease during period - 615 Ending balance (1,220) (1,220) Net deferred tax asset $ 12,084 $ 13,575

Accumulated Other Comprehensi46

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Components of Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income, included in stockholders’ equity, are as follows: 2015 2014 Net unrealized gain on securities available for sale $ 3,311 $ 4,933 Net unrealized loss on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in income (905) (917) Net unrealized loss on derivative used for cash flow hedges (1) (109) Net unrealized loss relating to defined benefit plan liability (32) (109) 2,373 3,798 Tax expense 883 1,420 Net of tax amount $ 1,490 $ 2,378
Reclassification out of Accumulated Other Comprehensive Income (Loss)	The following table presents the reclassification adjustments out of accumulated other comprehensive income (loss) that were included in net income in the Consolidated Statement of Income for the years ended December 31, 2015, 2014 and 2013. Amount Reclassified from Accumulated Other Comprehensive Income For the Year Ended December 31, Details about Accumulated Other Comprehensive Income Components 2015 2014 2013 Affected Line Item in the Statements of Income Unrealized gains on available for sale securities Realized securities gains reclassified into income $ 436 $ 313 $ 835 Net realized gains on sale of available for sale securities Related income tax expense (148) (106) (284) Income tax expense Total reclassifications for the period, net of tax $ 288 $ 207 $ 551

Commitments and Contingent Li47

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingent Liabilities [Abstract]
Financial Instruments Contract Amount That Represents Credit Risk	Financial instruments whose contract amount represents credit risk as of December 3 1: 2015 2014 Loan commitments $ 228,548 $ 200,189 Standby letters of credit 2,464 2,288

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2015
Regulatory Capital [Abstract]
Actual Capital Amounts and Ratios	The Company’s and Bank’s actual capital amounts and ratios are presented in the table below. December 31, 2015 Actual Capital Levels Minimum Regulatory Capital Levels Minimum Required To be Considered Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1) : MutualFirst Consolidated $ 132,727 9.1 % $ 58,608 4.0 % N/A N/A MutualBank 134,754 9.2 58,509 4.0 $ 73,136 5.0 % Common Equity Tier 1 Capital Level (2) : MutualFirst Consolidated $ 131,520 12.5 % $ 47,331 4.5 % N/A N/A MutualBank 134,754 12.8 47,309 4.5 $ 68,336 6.5 % Tier 1 Risk-Based Capital Level (3) : MutualFirst Consolidated $ 132,727 12.6 % $ 63,108 6.0 % N/A N/A MutualBank 134,754 12.8 63,079 6.0 $ 84,106 8.0 % Total Risk-Based Capital Level (4) : MutualFirst Consolidated $ 145,368 13.8 % $ 84,144 8.0 % N/A N/A MutualBank 147,395 14.0 84,106 8.0 $ 105,132 10.0 % (1) Tier 1 Capital to Average Total Assets of $1.5 billion for the Bank and Company at December 31, 2015. (2) Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.1 billion for the Bank and Company at December 31, 2015. (3) Tier 1 Capital to Risk-Weighted Assets. (4) Total Capital to Risk-Weighted Assets. December 31, 2014 Actual Capital Levels Minimum Regulatory Capital Levels Minimum Required To be Considered Well-Capitalized Amount Ratio Amount Ratio Amount Ratio Leverage Capital Level (1) : MutualFirst Consolidated $ 120,568 8.5 % $ 56,687 4.0 % N/A N/A MutualBank 124,083 8.8 56,610 4.0 $ 70,763 5.0 % Tier 1 Risk-Based Capital Level (2) : MutualFirst Consolidated $ 120,568 12.3 % $ 39,269 4.0 % N/A N/A MutualBank 124,083 12.6 39,257 4.0 $ 58,886 6.0 % Total Risk-Based Capital Level (3) : MutualFirst Consolidated $ 132,847 13.5 % $ 78,537 8.0 % N/A N/A MutualBank 136,362 13.9 78,515 8.0 $ 98,143 10.0 % (1) Tier 1 Capital to Average Total Assets of $1.4 billion for the Bank and Company at December 31, 2014. (2) Tier 1 Capital to Risk-Weighted Assets of $981.4 million for the Bank and $981.7 million for the Company at December 31, 2014. (3) Total Capital to Risk-Weighted Assets.

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2015
Employee Benefits [Abstract]
Information on Employee Stock Ownership Plan Shares	The following table provides information on ESOP shares at December 31: 2015 2014 2013 Allocated shares 417,848 426,877 414,896 Suspense shares - - - Committed-to-be released shares - - 31,785

Stock Option Plans (Tables)

Stock Option Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Stock Option Plans [Abstract]
Summary of Status and Changes in Stock Option Plan	The following is a summary of the status of the Company’s stock option plan s and changes in th ese plan s during 2015 . 2015 Options Shares Weighted- Average Exercise Price Weighted-Average Remaining Contractual Life Aggregate Intrinsic Value Outstanding, beginning of year 568,220 $ 10.57 Exercised (186,059) 10.81 Outstanding and exercisable, end of year 382,161 $ 10.45 7.2 years $ 5,517

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Earnings per share were computed as follows: 2015 Income Weighted- Average Shares Per-Share Amount Basic Earnings Per Share Net income available to common stockholders $ 12,262 7,374,589 $ 1.66 Effect of Dilutive Securities Stock options - 173,296 Diluted Earnings Per Share Net income available to common stockholders and assumed conversions $ 12,262 7,547,885 $ 1.62 2014 Income Weighted- Average Shares Per-Share Amount Basic Earnings Per Share Net i ncome available to common stockholders $ 11,046 7,160,700 $ 1.54 Effect of Dilutive Securities Stock options - 231,131 Diluted Earnings Per Share Net i ncome available to common stockholders and assumed conversions $ 11,046 7,391,831 $ 1.49 2013 Income Weighted- Average Shares Per-Share Amount Basic Earnings Per Share Net income $ 9,383 7,076,877 Dividends and accretion on preferred stock (1,257) Net i ncome available to common stockholders 8,126 7,076,877 $ 1.15 Effect of Dilutive Securities Stock options - 180,941 Diluted Earnings Per Share Net i ncome available to common stockholders and assumed conversions $ 8,126 7,257,818 $ 1.12

Fair Values of Financial Inst52

Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Values of Financial Instruments [Abstract]
Fair Value Measurements of Assets Measured at Fair Value on Recurring Basis	The following table presents the fair value measurements of assets measured at fair value on a recurring basis and level within the ASC 820 fair value hierarchy in which the fair value measurements fall: Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2015 Mortgage-backed securities $ 107,838 $ - $ 107,838 $ - Collateralized mortgage obligations 84,652 - 84,652 - Municipal obligations 57,188 - 57,188 - Corporate obligations 11,460 - 8,926 2,534 Available for sale securities $ 261,138 $ - $ 258,604 $ 2,534 Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2014 Mortgage-backed securities $ 113,290 $ - $ 113,290 $ - Collateralized mortgage obligations 97,759 - 97,759 - Federal agencies 4 - 4 - Municipal obligations 29,252 - 29,252 - Corporate obligations 20,501 - 17,979 2,522 Available for sale securities $ 260,806 $ - $ 258,284 $ 2,522
Reconciliation of Recurring Fair Value Measurements Recognized in Balance Sheet using Significant Unobservable (Level Three) Inputs	The following is a reconciliation of the beginning and ending balances for the years ended December 31, 2015, 2014 and 2013 of recurring fair value measurements recognized in the accompanying balance sheet s using significant unobservable (Level 3) inputs: 2015 2014 2013 Beginning balance $ 2,522 $ 3,336 $ 2,475 Total realized and unrealized gains (losses) Included in net income - (68) - Included in other comprehensive income (loss) 12 2,098 897 Sales - (2,826) - Settlements - (18) (36) Ending balance $ 2,534 $ 2,522 $ 3,336 Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date $ 0 $ 0 $ 0
Fair Value Measurement of Assets Measured at Fair Value on Nonrecurring Basis	The following table presents the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the ASC 820 fair value hierarchy in which the fair value measurements fall: Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2015 Impaired loans $ 676 $ - $ - $ 676 Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 December 31, 2014 Other real estate owned $ 1,280 $ - $ - $ 1,280
Quantitative Information about Unobservable Inputs used in Recurring and Nonrecurring Level Three Fair Value Measurements	The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. December 31, 2015 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,534 Discounted cash flow Discount rate 7.0 - 8.0 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 - 1.8 % Projected cures given deferral 0 - 15.0 % Loss severity 33.8 - 40.2 % Impaired loans (collateral dependent) $ 676 Third party valuations Discount to reflect realizable value 20.0 - 50.0 % December 31, 2014 Fair Value Valuation Technique Unobservable Inputs Range Trust Preferred Securities $ 2,522 Discounted cash flow Discount rate 8.0 % Constant prepayment rate 2.0 % Cumulative projected prepayments 40.0 % Probability of default 1.7 - 1.8 % Projected cures given deferral 0 - 15.0 % Loss severity 34.2 - 39.8 % Other real estate owned $ 1,280 Third party valuations Discount to reflect realizable value less estimated selling costs 24.4 - 36.7 %
Estimated Fair Values of Financial Instruments	The estimated fair values of the Company’s financial instruments not carried at fair value in the consolidated balance sheets as of the dates noted below are as follows: Fair Value Measurements Using December 31, 2015 Carryi n g Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 20,915 $ 20,915 $ 20,915 $ - $ - Loans held for sale 5,991 6,058 - 6,058 - Loans, net 1,068,204 1,056,357 - - 1,056,357 FHLB stock 10,482 10,482 - 10,482 - Interest receivable 4,201 4,201 - 4,201 - Liabilities Deposits 1,091,382 1,090,975 740,759 - 350,216 FHLB advances 225,617 224,621 - 224,621 - Other borrowings 9,458 9,459 - 9,459 - Interest payable 199 199 - 199 - Fair Value Measurements Using December 31, 2014 Carryi n g Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 29,575 $ 29,575 $ 29,575 $ - $ - Loans held for sale 6,140 6,220 - 6,220 - Loans, net 1,003,518 1,006,233 - - 1,006,233 FHLB stock 11,964 11,964 - 11,964 - Interest receivable 3,730 3,730 - 3,730 - Liabilities Deposits 1,079,320 1,050,295 648,314 - 401,981 FHLB advances 192,442 191,995 - 191,995 - Other borrowings 10,174 10,283 - 10,283 - Interest payable 223 223 - 223 -

Condensed Financial Informati53

Condensed Financial Information (Parent Company Only) (Tables) - MutualFirst Financial, Inc. [Member]	12 Months Ended
	Dec. 31, 2015
Condensed Balance Sheets	Condensed Balance Sheets 2015 2014 Assets Cash on deposit with Bank $ 2,732 $ 1,726 Cash on deposit with others 24 657 Total cash 2,756 2,383 Investment in common stock of subsidiaries 143,459 135,264 Deferred tax 214 149 Other assets 262 - Total assets $ 146,691 $ 137,796 Liabilities Other borrowings $ 9,458 $ 10,174 Other liabilities 208 85 Total liabilities 9,666 10,259 Stockholders' Equity 137,025 127,537 Total liabilities and stockholders' equity $ 146,691 $ 137,796
Condensed Statements of Income	Condensed Statements of Income 2015 2014 2013 Income Interest income from bank $ 1 $ 1 $ 4 Dividends from subsidiaries 3,600 3,500 30,692 Total income 3,601 3,501 30,696 Expenses 1,182 994 1,036 Income before income tax and equity in undistributed income of subsidiaries 2,419 2,735 29,843 Income tax benefit (591) (337) (342) Income before equity in undistributed income (distributions in excess of income) of subsidiaries 3,010 3,072 30,185 Equity in undistributed income (distributions in excess of income) of subsidiaries 9,252 7,974 (20,802) Net Income 12,262 11,046 9,383 Preferred stock dividends and accretion - - 1,257 Net Income Available to Common Shareholders $ 12,262 $ 11,046 $ 8,126
Condensed Statements of Comprehensive Income	Condensed Statements of Comprehensive Income 2015 2014 2013 Net income $ 12,262 $ 11,046 $ 9,383 Other comprehensive income: Net unrealized holding gain (loss) on securities available for sale (1,186) 8,921 (9,810) Net unrealized gain on securities available for sale for which a portion of an other-than-temporary impairment has been recognized in income 12 381 800 Less: Reclassification adjustment for realized gains included in net income (436) (313) (835) Net unrealized gain on derivative used for cash flow hedges 108 150 157 Net unrealized gain (loss) relating to defined benefit plan 77 (209) 149 (1,425) 8,930 (9,539) Income tax (expense) benefit related to other comprehensive income 537 (3,137) 3,321 Other comprehensive income (loss) (888) 5,793 (6,218) Comprehensive income $ 11,374 $ 16,839 $ 3,165
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows 2015 2014 2013 Operating Activities Net income $ 12,262 $ 11,046 $ 9,383 Item not requiring cash ESOP shares earned - - 474 Deferred income tax benefit (102) 159 71 (Equity in undistributed income) distributions in excess of income of subsidiaries (9,252) (8,202) 20,619 Other 13 19 (365) Net cash provided by operating activities 2,921 3,022 30,182 Investing Activity Investment in subsidiary (250) - - Net cash used in investing activity (250) - - Financing Activities Repayment of other borrowings (759) (759) (759) Stock repurchased - - (28,924) Cash dividends (3,550) (2,297) (2,953) Proceeds from stock options exercised 2,011 1,347 570 Net cash used in financing activities (2,298) (1,709) (32,066) Net Change in Cash 373 1,313 (1,884) Cash, Beginning of Year 2,383 1,070 2,954 Cash, End of Year $ 2,756 $ 2,383 $ 1,070

Quarterly Results of Operatio54

Quarterly Results of Operations (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Results of Operations [Abstract]
Schedule of Quarterly Financial Information	Quarter Ended Interest Income Interest Expense Net Interest Income Provision for Loan Losses Net Income Net Income Available to Common Shareholders Basic Earnings Per Common Share Diluted Earnings Per Common Share 2015 March 31 $ 12,683 $ 2,165 $ 10,518 $ - $ 2,481 $ 2,481 $ 0.34 $ 0.33 June 30 12,731 2,191 10,540 - 3,218 3,218 0.44 0.43 September 30 13,049 2,233 10,816 - 3,225 3,225 0.44 0.43 December 31 13,313 2,214 11,099 125 3,338 3,338 0.45 0.44 Total $ 51,776 $ 8,803 $ 42,973 $ 125 $ 12,262 $ 12,262 $ 1.66 $ 1.62 2014 March 31 $ 12,738 $ 2,319 $ 10,419 $ 350 $ 2,020 $ 2,020 $ 0.28 $ 0.27 June 30 12,744 2,186 10,558 500 2,614 2,614 0.37 0.36 September 30 12,803 2,163 10,640 - 2,751 2,751 0.38 0.37 December 31 12,893 2,255 10,638 - 3,661 3,661 0.51 0.49 Total $ 51,178 $ 8,923 $ 42,255 $ 850 $ 11,046 $ 11,046 $ 1.54 $ 1.49 2013 March 31 $ 12,901 $ 2,922 $ 9,979 $ 950 $ 2,022 $ 1,661 $ 0.24 $ 0.23 June 30 12,877 2,857 10,020 550 2,157 1,879 0.27 0.26 September 30 13,041 2,801 10,240 750 2,518 2,247 0.32 0.31 December 31 12,848 2,644 10,204 (950) 2,686 2,339 0.33 0.32 Total $ 51,667 $ 11,224 $ 40,443 $ 1,300 $ 9,383 $ 8,126 $ 1.15 $ 1.12

Change in Accounting Principl55

Change in Accounting Principle (Tables)	12 Months Ended
	Dec. 31, 2015
Impact of Accounting Pronouncements [Abstract]
Schedule of Impact of Accounting Changes	The following table summarizes the balance sheet and income statement amounts impacted by the change at the dates or for the periods indicated as of December 31, 2014 and 2013 : December 31, December 31, 2014 2013 Investment in limited partnerships As previously reported $ 1,582 As reported under the new guidance 527 Deferred tax asset As previously reported 13,305 As reported under the new guidance 13,575 Retained earnings As previously reported 50,171 $ 41,650 As reported under the new guidance 49,386 40,637 Year Ended Year Ended December 31, December 31, 2014 2013 Non-interest income As previously reported $ 14,374 $ 13,552 As reported under the new guidance 14,885 14,063 Income tax expense As previously reported 3,583 3,808 As reported under the new guidance 3,866 4,136 Net income As previously reported 10,818 7,943 As reported under the new guidance 11,046 8,126 Basic Earnings Per Share As previously reported 1.51 1.12 As reported under the new guidance 1.54 1.15 Diluted Earnings Per Share As previously reported 1.46 1.09 As reported under the new guidance 1.49 1.12

Nature of Operations and Summ56

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Uninsured accounts	$ 4.2
Premises and equipment depreciation method used	straight-line
Minimum [Member]
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Premises and equipment estimated useful lives	3 years
Intangible assets amortization period	5 years
Maximum [Member]
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Premises and equipment estimated useful lives	50 years
Intangible assets amortization period	11 years
Federal Reserve Bank of Chicago and Federal Home Loan Bank of Indianapolis
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Uninsured accounts	$ 2.2

Restriction on Cash (Narrative)

Restriction on Cash (Narrative) (Details)	Dec. 31, 2015USD ($)
Restriction on Cash [Abstract]
Cash and cash equivalent reserved amount	$ 2,145,000

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment [Line Items]
Fair value of investments reported at less than historical cost	$ 97,600,000	$ 67,500,000
Percentage of Bank portfolio	37.40%	25.90%
Proceeds from sales of securities, available for sale	$ 23,109,000	$ 28,317,000	$ 53,179,000
Gross realized gain on sale of securities	436,000	1,176,000	898,000
Gross realized losses on sale of securities	$ 0	$ 863,000	$ 63,000
Banks, thrifts or other depository institutions to all projected defaults
Investment [Line Items]
Collateral recovery probability percentage	10.00%
Insurance Companies to all projected insurance defaults
Investment [Line Items]
Collateral recovery probability percentage	15.00%

Investment Securities (Amortize

Investment Securities (Amortized Cost and Fair Values of Securities ) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 258,732	$ 256,790
Gross Unrealized Gains	4,881	6,254
Gross Unrealized Losses	(2,475)	(2,238)
Fair Value	261,138	260,806
Mortgage-backed securities, Government sponsored agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	106,524	110,452
Gross Unrealized Gains	1,562	2,927
Gross Unrealized Losses	(248)	(89)
Fair Value	107,838	113,290
Collateralized Mortgage Obligations, Government Sponsored Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	84,976	97,325
Gross Unrealized Gains	537	1,270
Gross Unrealized Losses	(861)	(836)
Fair Value	84,652	97,759
Federal Aagencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		4
Fair Value		4
Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	54,427	27,246
Gross Unrealized Gains	2,781	2,013
Gross Unrealized Losses	(20)	(7)
Fair Value	57,188	29,252
Corporate Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,805	21,763
Gross Unrealized Gains	1	44
Gross Unrealized Losses	(1,346)	(1,306)
Fair Value	$ 11,460	$ 20,501

Investment Securities (Amorti60

Investment Securities (Amortized Cost and Fair Value of Available-for-Sale Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Security obligations due, amortized cost, One to five years	$ 10,003
Security obligations due, amortized cost, Five to ten years	1,489
Security obligations due, amortized cost, After ten years	55,740
Total security obligations due, amortized cost	67,232
Available for sale, amortized cost	258,732	$ 256,790
Security obligations due, Fair value, One to five years	9,964
Security obligations due, Fair value, Five to ten years	1,591
Security obligations due, Fair value, After ten years	57,093
Total Security obligations due, Fair value	68,648
Investment securities available for sale (carried at fair value)	261,138	260,806
Mortgage-backed securities, Government sponsored agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	106,524	110,452
Investment securities available for sale (carried at fair value)	107,838	113,290
Collateralized Mortgage Obligations, Government Sponsored Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale, amortized cost	84,976	97,325
Investment securities available for sale (carried at fair value)	$ 84,652	$ 97,759

Investment Securities (Investme

Investment Securities (Investments Gross Unrealized Losses and Fair Value in Continuous Unrealized Loss Position) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Total, Fair Value	$ 97,600	$ 67,500
Collateralized Mortgage Obligations, Government Sponsored Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	27,457	5,075
Less than 12 months, Unrealized Losses	(281)	(40)
12 months or more, Fair Value	21,271	34,159
12 months or more, Unrealized Losses	(580)	(796)
Total, Fair Value	48,728	39,234
Total, Unrealized Losses	(861)	(836)
Municipals [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	2,739
Less than 12 months, Unrealized Losses	(17)
12 months or more, Fair Value	491	631
12 months or more, Unrealized Losses	(3)	(7)
Total, Fair Value	3,230	631
Total, Unrealized Losses	(20)	(7)
Corporate Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	4,425
Less than 12 months, Unrealized Losses	(75)
12 months or more, Fair Value	2,534	6,995
12 months or more, Unrealized Losses	(1,271)	(1,306)
Total, Fair Value	6,959	6,995
Total, Unrealized Losses	(1,346)	(1,306)
Total Temporarily Impaired Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	73,270	6,144
Less than 12 months, Unrealized Losses	(621)	(49)
12 months or more, Fair Value	24,296	61,365
12 months or more, Unrealized Losses	(1,854)	(2,189)
Total, Fair Value	97,566	67,509
Total, Unrealized Losses	(2,475)	(2,238)
Mortgage-backed securities, Government sponsored agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value	38,649	1,069
Less than 12 months, Unrealized Losses	(248)	(9)
12 months or more, Fair Value		19,580
12 months or more, Unrealized Losses		(80)
Total, Fair Value	38,649	20,649
Total, Unrealized Losses	$ (248)	$ (89)

Investment Securities (Debt Sec

Investment Securities (Debt Securities for which Credit Loss was Recognized in Income and Other Losses Recorded in Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Investment Securities [Abstract]
Credit losses on debt securities held, beginning of year	$ 109	$ 1,205	$ 1,205
Reductions related to actual losses incurred
Reductions for previous credit losses realized on securities sold during the year		$ (1,096)
Credit losses on debt securities held, end of period	$ 109	$ 109	$ 1,205

Loans (Narrative) (Details)

Loans (Narrative) (Details)	Dec. 31, 2015USD ($)
Loans [Abstract]
Loans receivable held-for-sale, amount	$ 682,000
Mortgage loans in process of foreclosure, amount	$ 1,500,000

Loans (Categories of Loans) (De

Loans (Categories of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 1,083,395	$ 1,022,388	$ 990,207
Undisbursed loans in process	(7,432)	(9,285)
Unamortized deferred loan costs, net	4,882	3,583
Allowance for loan losses	(12,641)	(13,168)	$ (13,412)	$ (16,038)
Net loans	1,068,204	1,003,518
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	236,895	198,019
Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,744	33,102
First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	491,451	517,063
Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	70,990	71,073
Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,480	14,712
Consumer Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	123,621	94,761
Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,171	5,184
Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	123,043	88,474
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	815,080	819,257
Real Estate [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	236,895	198,019
Real Estate [Member] | Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,744	33,102
Real Estate [Member] | First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	491,451	517,063
Real Estate [Member] | Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	70,990	71,073
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	268,315	203,131
Other [Member] | Automobile Loan [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	15,480	14,712
Other [Member] | Consumer Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	123,621	94,761
Other [Member] | Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	6,171	5,184
Other [Member] | Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 123,043	$ 88,474

Loans (Non-Accrual Loan, Segreg

Loans (Non-Accrual Loan, Segregated by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 6,904	$ 7,212
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	2,356	2,023
Construction Loans [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans		209
First Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	3,592	3,499
Second Mortgage [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	783	658
Consumer Boat/RVs [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	81	191
Other [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	67	27
Commercial and Industrial [Member] | Commercial Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 25	$ 605

Loans (Age Analysis of Past Due

Loans (Age Analysis of Past Due Loans Segregated by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 18,235	$ 18,269
Current	1,065,160	1,004,119
Total loans receivable	1,083,395	1,022,388	$ 990,207
Total Loans > 90 Days or More and Accruing	267	226
30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9,995	12,419
60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,034	2,559
90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6,206	3,291
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,154	2,481
Current	233,741	195,538
Total loans receivable	236,895	198,019
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	922	1,308
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	848
Commercial Real Estate [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,212	325
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		209
Current	15,744	32,893
Total loans receivable	15,744	33,102
Commercial Segment [Member] | Construction Loans [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		209
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	580	1,683
Current	122,463	86,791
Total loans receivable	123,043	88,474
Commercial Segment [Member] | Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	192	1,066
Commercial Segment [Member] | Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	383	176
Commercial Segment [Member] | Commercial and Industrial [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5	441
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11,691	11,524
Current	479,760	505,539
Total loans receivable	491,451	517,063
Total Loans > 90 Days or More and Accruing	267	226
Consumer [Member] | First Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,272	8,144
Consumer [Member] | First Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,328	1,220
Consumer [Member] | First Mortgage [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,091	2,160
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,248	1,126
Current	69,742	69,947
Total loans receivable	70,990	71,073
Consumer [Member] | Second Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	296	969
Consumer [Member] | Second Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	187	130
Consumer [Member] | Second Mortgage [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	765	27
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	89	65
Current	15,391	14,647
Total loans receivable	15,480	14,712
Consumer [Member] | Automobile Loan [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	89	65
Consumer [Member] | Consumer Boat/RVs [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,308	1,048
Current	122,313	93,713
Total loans receivable	123,621	94,761
Consumer [Member] | Consumer Boat/RVs [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,135	775
Consumer [Member] | Consumer Boat/RVs [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	102	158
Consumer [Member] | Consumer Boat/RVs [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	71	115
Consumer [Member] | Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	165	133
Current	6,006	5,051
Total loans receivable	6,171	5,184
Consumer [Member] | Other [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	89	92
Consumer [Member] | Other [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	27
Consumer [Member] | Other [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 62	$ 14

Loans (Impaired Loans) (Details

Loans (Impaired Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Impaired Financing Receivable With Related Allowance [Abstract]
Specific Allowance	$ 100		$ 335
Interest income recognized		$ 214
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	6,700	7,760	7,457
Unpaid principal balance, total	6,700	8,720	10,708
Average investment in impaired loans, total	7,578	7,264	13,669
Interest income recognized, total	225		261
Commercial Real Estate [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	3,608	4,933	3,148
Unpaid principal balance	3,608	4,933	3,660
Average investment in impaired loans	4,115	3,776	3,894
Interest income recognized	172	161	160
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance	676
Unpaid principal balance	676
Specific Allowance	100
Average investment in impaired loans	793
Interest income recognized	20
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	4,284		3,148
Unpaid principal balance, total	4,284		3,660
Average investment in impaired loans, total	4,908		3,894
Interest income recognized, total	192		160
Commercial Segment [Member] | Construction Loans [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	595	931	1,294
Unpaid principal balance	595	1,860	3,218
Average investment in impaired loans	735	1,323	5,386
Interest income recognized	31	30	46
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance			344
Unpaid principal balance			371
Specific Allowance			100
Average investment in impaired loans			344
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	595		1,638
Unpaid principal balance, total	595		3,589
Average investment in impaired loans, total	735		5,730
Interest income recognized, total	31		46
Commercial Segment [Member] | Commercial and Industrial [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	214	758	764
Unpaid principal balance	214	789	764
Average investment in impaired loans	423	923	897
Interest income recognized	2	12	2
Impaired Financing Receivable With Related Allowance [Abstract]
Recorded balance			424
Unpaid principal balance			624
Specific Allowance			235
Average investment in impaired loans			566
Interest income recognized			20
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	214		1,188
Unpaid principal balance, total	214		1,388
Average investment in impaired loans, total	423		1,463
Interest income recognized, total	2		22
Consumer [Member] | First Mortgage [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	1,126	1,138	1,483
Unpaid principal balance	1,126	1,138	2,071
Average investment in impaired loans	1,131	1,142	2,582
Interest income recognized		8	33
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	1,126		1,483
Unpaid principal balance, total	1,126		2,071
Average investment in impaired loans, total	1,131		2,582
Interest income recognized, total			$ 33
Consumer [Member] | Second Mortgage [Member]
Impaired Financing Receivable With No Related Allowance [Abstract]
Recorded balance	481
Unpaid principal balance	481
Average investment in impaired loans	381
Impaired Financing Receivable With Related Allowance [Abstract]
Average investment in impaired loans		100
Interest income recognized		$ 3
Impaired Financing Receivables Total [Abstract]
Recorded balance, total	481
Unpaid principal balance, total	481
Average investment in impaired loans, total	$ 381

Loans (Commercial and Retail Cr

Loans (Commercial and Retail Credit Exposure Credit Risk Profile by Internal Rating) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 1,083,395	$ 1,022,388	$ 990,207
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	236,895	198,019
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	226,439	187,436
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	4,137	3,316
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 6,319	7,267
Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 15,744	33,102
Commercial Segment [Member] | Construction Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	13,986	30,422
Commercial Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	1,309	1,721
Commercial Segment [Member] | Construction Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 449	959
Commercial Segment [Member] | Construction Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 123,043	88,474
Commercial Segment [Member] | Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	119,540	84,746
Commercial Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	3,300	439
Commercial Segment [Member] | Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 203	2,848
Commercial Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		441
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 491,451	517,063
Consumer [Member] | First Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	484,658	$ 509,765
Consumer [Member] | First Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer [Member] | First Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,793	$ 7,298
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	70,990	71,073
Consumer [Member] | Second Mortgage [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	70,086	$ 70,299
Consumer [Member] | Second Mortgage [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer [Member] | Second Mortgage [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	904	$ 774
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,480	14,712
Consumer [Member] | Automobile Loan [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	15,480	$ 14,704
Consumer [Member] | Automobile Loan [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer [Member] | Automobile Loan [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans		$ 8
Consumer [Member] | Consumer Boat/RVs [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	123,621	94,761
Consumer [Member] | Consumer Boat/RVs [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	123,490	$ 94,377
Consumer [Member] | Consumer Boat/RVs [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer [Member] | Consumer Boat/RVs [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	131	$ 384
Consumer [Member] | Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,171	5,184
Consumer [Member] | Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	6,097	$ 5,125
Consumer [Member] | Other [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans
Consumer [Member] | Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 74	$ 59

Loans (Activity in Allowance fo

Loans (Activity in Allowance for Loan Losses by Portfolio Segment) (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period			$ 13,412				$ 16,038	$ 13,168	$ 13,412	$ 16,038
Provision charged to expense	$ 125	$ 500	350	$ (950)	$ 750	$ 550	950	125	850	1,300
Losses charged off								(1,387)	(1,882)	(4,539)
Recoveries								735	788	613
Allowance for loan losses, End of period	12,641			13,412				12,641	13,168	13,412
Allowance for loan losses, individually evaluated for impairment, Ending balance											$ 100		$ 335
Allowance for loan losses, collectively evaluated for impairment, Ending balance											12,541	$ 13,168	13,077
Total allowance for loan losses	12,641		13,412	13,412			16,038	13,168	13,412	16,038	12,641	13,168	13,412
Loans, individually evaluated for impairment, Ending balance											6,700	7,760	7,457
Loans, collectively evaluated for impairment, Ending balance											1,076,695	1,014,628	982,750
Total loans receivable											1,083,395	1,022,388	990,207
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period			8,148				9,908	7,085	8,148	9,908
Provision charged to expense								(389)	(1,273)	884
Losses charged off								(104)	(289)	(2,713)
Recoveries								498	499	69
Allowance for loan losses, End of period	7,090			8,148				7,090	7,085	8,148
Allowance for loan losses, individually evaluated for impairment, Ending balance											100		335
Allowance for loan losses, collectively evaluated for impairment, Ending balance											6,990	7,085	7,813
Total allowance for loan losses	7,090		8,148	8,148			9,908	7,085	8,148	9,908	7,090	7,085	8,148
Loans, individually evaluated for impairment, Ending balance											5,093	6,622	5,974
Loans, collectively evaluated for impairment, Ending balance											370,589	312,973	283,566
Total loans receivable											375,682	319,595	289,540
Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period			3,124				3,394	3,471	3,124	3,394
Provision charged to expense								(179)	888	343
Losses charged off								(643)	(572)	(886)
Recoveries								34	31	273
Allowance for loan losses, End of period	2,683			3,124				2,683	3,471	3,124
Allowance for loan losses, collectively evaluated for impairment, Ending balance											2,683	3,471	3,124
Total allowance for loan losses	2,683		3,124	3,124			3,394	3,471	3,124	3,394	2,683	3,471	3,124
Loans, individually evaluated for impairment, Ending balance											1,126	1,138	1,483
Loans, collectively evaluated for impairment, Ending balance											490,325	515,925	529,789
Total loans receivable											491,451	517,063	531,272
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, Beginning of period			2,140				2,736	2,612	2,140	2,736
Provision charged to expense								693	1,235	73
Losses charged off								(640)	(1,021)	(940)
Recoveries								203	258	271
Allowance for loan losses, End of period	2,868			2,140				2,868	2,612	2,140
Allowance for loan losses, collectively evaluated for impairment, Ending balance											2,868	2,612	2,140
Total allowance for loan losses	$ 2,868		$ 2,140	$ 2,140			$ 2,736	$ 2,612	$ 2,140	$ 2,736	2,868	2,612	2,140
Loans, individually evaluated for impairment, Ending balance											481
Loans, collectively evaluated for impairment, Ending balance											215,781	185,730	169,395
Total loans receivable											$ 216,262	$ 185,730	$ 169,395

Loans (Troubled Debts Restructu

Loans (Troubled Debts Restructured) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)loan	Dec. 31, 2013USD ($)loan
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	4	6	3
Pre-Modification Outstanding Recorded Balance	$ 2,399	$ 1,229	$ 1,532
Post-Modification Outstanding Recorded Balance	$ 2,406	$ 1,248	$ 1,601
Commercial Real Estate [Member] | Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1
Pre-Modification Outstanding Recorded Balance	$ 155
Post-Modification Outstanding Recorded Balance	155
Commercial Segment [Member] | Construction Loans [Member]
Financing Receivable, Modifications [Line Items]
Post-Modification Outstanding Recorded Balance	$ 155
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1	2	3
Pre-Modification Outstanding Recorded Balance	$ 88	$ 193	$ 1,122
Post-Modification Outstanding Recorded Balance	$ 83	$ 223	$ 843
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	8	12	24
Pre-Modification Outstanding Recorded Balance	$ 287	$ 1,493	$ 1,706
Post-Modification Outstanding Recorded Balance	$ 287	$ 1,139	$ 1,884
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	3	5	30
Pre-Modification Outstanding Recorded Balance	$ 51	$ 58	$ 1,236
Post-Modification Outstanding Recorded Balance	$ 51	$ 59	$ 1,249
Consumer [Member] | Automobile Loan [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	2		2
Pre-Modification Outstanding Recorded Balance	$ 25		$ 22
Post-Modification Outstanding Recorded Balance	$ 25		$ 22
Consumer [Member] | Consumer Boat/RVs [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan			6
Pre-Modification Outstanding Recorded Balance			$ 172
Post-Modification Outstanding Recorded Balance			$ 171
Consumer [Member] | Other [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan			1
Pre-Modification Outstanding Recorded Balance			$ 11
Post-Modification Outstanding Recorded Balance			$ 11

Loans (Newly Restructured Loans

Loans (Newly Restructured Loans by Type) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	$ 2,406	$ 701
Combination		547	$ 1,601
Total modification	2,406	1,248	1,601
Commercial Real Estate [Member] | Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total modification	$ 155
Commercial Segment [Member] | Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Combination	$ 155
Total modification	$ 155
Commercial Segment [Member] | Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	$ 83	223	209
Combination			634
Total modification	$ 83	223	843
Consumer [Member] | First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only		101
Term	$ 11		36
Combination	276	1,038	1,848
Total modification	$ 287	1,139	1,884
Consumer [Member] | Second Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only			250
Term	$ 51	28	402
Combination		31	597
Total modification	$ 51	$ 59	1,249
Consumer [Member] | Automobile Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest Only
Term	$ 25		4
Combination			18
Total modification	$ 25		22
Consumer [Member] | Consumer Boat/RVs [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Term			135
Combination			36
Total modification			171
Consumer [Member] | Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Combination			11
Total modification			$ 11

Loans (Troubled Debts Restruc72

Loans (Troubled Debts Restructured Defaulted) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)loan	Dec. 31, 2014USD ($)loan	Dec. 31, 2013USD ($)loan
Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan	1
Post-Modification Outstanding Recorded Balance | $	$ 820
Consumer [Member] | First Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan		4	3
Post-Modification Outstanding Recorded Balance | $		$ 663	$ 210
Consumer [Member] | Second Mortgage [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan		1
Post-Modification Outstanding Recorded Balance | $		$ 23
Commercial Segment [Member] | Commercial and Industrial [Member]
Financing Receivable, Modifications [Line Items]
No. of Loans | loan			1
Post-Modification Outstanding Recorded Balance | $			$ 634

Related Party Transactions (Agg

Related Party Transactions (Aggregate Amount of Loans to Related Parties) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Related Party Transactions [Abstract]
Beginning balance	$ 7,967
Change in composition	139
New loans, including renewals	5,457
Payments, etc., including renewals	(5,501)
Ending balance	$ 8,062

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Premises and Equipment	$ 51,921	$ 50,989
Accumulated depreciation and amortization	(20,873)	(20,050)
Premises and Equipment, net	31,048	30,939
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment	12,393	13,100
Buildings and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment	26,651	25,334
Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and Equipment	$ 12,877	$ 12,555

Core Deposit and Other Intang75

Core Deposit and Other Intangibles (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Core Deposit and Other Intangibles [Abstract]
Amortization expense	$ 517,000	$ 647,000	$ 782,000

Core Deposit and Other Intang76

Core Deposit and Other Intangible (Carrying Basis of Recognized Intangible Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Disclosure Recognized Intangible [Abstract]
Core deposits	$ 444	$ 840
Other intangibles	367	265
Core deposit and other intangibles	$ 811	$ 1,105

Core Deposit and Other Intang77

Core Deposit and Other Intangibles (Estimated Amortization Expense) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Core Deposit and Other Intangibles [Abstract]
2,016	$ 420
2,017	264
2,018	114
2,019	13
Core deposit and other intangibles	$ 811	$ 1,105

Goodwill (Schedule of Goodwill)

Goodwill (Schedule of Goodwill) (Details)	12 Months Ended
	Dec. 31, 2014USD ($)
Goodwill [Abstract]
Goodwill acquired during the year	$ 1,800,000
Balance as of December 31	$ 1,800,000

Deposits (Schedule of Deposits)

Deposits (Schedule of Deposits) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deposits [Abstract]
Noninterest-bearing demand	$ 179,542	$ 154,178
Interest-bearing demand	267,089	253,042
Savings	131,578	124,051
Money market savings	162,551	146,847
Certificates and other time deposits of $100,000 or more	147,268	164,543
Other certificates	203,354	236,659
Total deposits	$ 1,091,382	$ 1,079,320

Deposits (Certificates, Includi

Deposits (Certificates, Including Other Time Deposits of Hundred Thousand or More, Maturing by Period) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Deposits [Abstract]
2,016	$ 143,476
2,017	76,035
2,018	38,023
2,019	31,960
2,020	57,302
Thereafter	3,826
Time Deposits, Total	$ 350,622

Federal Home Loan Bank Advanc81

Federal Home Loan Bank Advances (Narrative) (Details)	Dec. 31, 2015USD ($)
Federal Home Loan Bank, Advances [Line Items]
Mortgage loans pledged as collateral for advances, value	$ 401,600,000
Interest rates on advances, minimum	0.58%
Interest rates on advances, maximum	6.73%
Federal home loan bank advances	$ 35,000,000
Federal Home Loan Bank, Advances, Putable Option [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal home loan bank advances	$ 10,000,000

Federal Home Loan Bank Advanc82

Federal Home Loan Bank Advances (Advances Maturing by Period) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Federal Home Loan Bank Advances [Abstract]
2,016	$ 23,526
2,017	47,528
2,018	39,030
2,019	40,533
2,020	36,500
Thereafter	38,500
Federal Home Loan Bank advances	$ 225,617	$ 192,442

Other Borrowings (Narrative) (D

Other Borrowings (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2008	Dec. 31, 2014
Debt Instrument [Line Items]
Proceeds from long term borrowings	$ 7,589,000
Interest rate	3.92%
Debt instrument maturity date	Dec. 31, 2017	Sep. 15, 2035
Description of variable rate basis		three-month LIBOR
Assumed debentures upon acquisition		$ 5,000,000
Debt Instrument Interest Rate Description	The rate resets quarterly at the prevailing three-month LIBOR rate plus 170 basis points
Debt instrument, frequency of periodic payment	principal and interest payments made quarterly
Subordinated debentures	$ 4,146,000		$ 4,103,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.80%
After Five Years | 3-Month LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.70%

Other Borrowings (Components of

Other Borrowings (Components of Other Borrowings) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other Borrowings [Abstract]
Note payable	$ 5,312	$ 6,071
Subordinated debentures	4,146	4,103
Other borrowings	$ 9,458	$ 10,174

Other Borrowings (Maturity of N

Other Borrowings (Maturity of Notes Payable) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other Borrowings [Abstract]
2,016	$ 759
2,017	4,553
Total note payable	$ 5,312	$ 6,071

Loan Servicing (Narrative) (Det

Loan Servicing (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loan Servicing [Abstract]
Servicing fees collected	$ 814,000	$ 832,000	$ 896,000

Loan Servicing (Unpaid Principa

Loan Servicing (Unpaid Principal Balances of Loans Serviced) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	$ 321,588	$ 326,246
Freddie Mac [Member]
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	295,613	295,589
Fannie Mae [Member]
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	11,535	16,024
Federal Home Loan Bank [Member]
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	12,677	12,963
Other investors [Member]
Servicing Assets at Fair Value [Line Items]
Unpaid principle balance of loans serviced	$ 1,763	$ 1,670

Loan Servicing (Mortgage-Servic

Loan Servicing (Mortgage-Servicing Rights) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loan Servicing [Abstract]
Balances, January 1	$ 1,417	$ 1,858	$ 2,396
Servicing rights capitalized	458	278	464
Amortization of servicing rights	(540)	(719)	(1,002)
Ending balance	$ 1,335	$ 1,417	$ 1,858
Valuation allowance				$ (665)
Servicing asset, net	$ 1,335	$ 1,417	$ 1,858

Loan Servicing (Fair Value of S

Loan Servicing (Fair Value of Servicing Rights) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loan Servicing [Abstract]
Mortgage-servicing rights, beginning balance	$ 2,048	$ 2,106	$ 1,731
Mortgage-servicing rights, ending balance	$ 2,179	$ 2,048	$ 2,106

Loan Servicing (Activity in Val

Loan Servicing (Activity in Valuation Allowance for Mortgage Servicing Right) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loan Servicing [Abstract]
Balance, beginning of year			$ 665
Additions
Reductions			$ (665)
Balance, end of year

Income Tax - (Narrative) (Detai

Income Tax - (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Tax [Abstract]
Unused business income tax credits	$ 3,425,000
AMT credit carryover	$ 1,351,000
ATM credit carryforward, expiration period	unlimited
Unused business income tax expiration year	Dec. 31, 2027
State net operating loss	$ 26,358,000
State net operating loss expiration year	Dec. 31, 2022
Recognized deferred income tax liability	$ 14,743,000
Unrecorded deferred income tax liability	$ 5,013,000

Income Tax (Provision For Incom

Income Tax (Provision For Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Currently payable
Federal	$ 2,909	$ 3,040	$ 2,426
State	(257)	(261)	(677)
Deferred
Federal	1,449	606	1,546
State	477	481	841
Income Tax Expense (Benefit), Total	$ 4,578	$ 3,866	$ 4,136

Income Tax (Reconciliation of I

Income Tax (Reconciliation of Income Tax Expense at Federal Statutory Rate to Actual Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of federal statutory to actual tax expense
Federal statutory income tax at 34%	$ 5,721	$ 4,897	$ 4,423
Other than temporary impairment		(615)
State taxes	145	145	109
Low income housing credits	(96)	(107)	(159)
Tax-exempt income	(1,111)	(818)	(725)
Other	(81)	364	488
Income Tax Expense (Benefit), Total	$ 4,578	$ 3,866	$ 4,136
Effective tax rate	27.21%	25.93%	30.59%
Federal statutory income tax rate	34.00%	34.00%	34.00%

Income Tax (Components of Defer

Income Tax (Components of Deferred Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Assets
Allowance for loan losses	$ 5,091	$ 5,344
Deferred compensation	3,193	3,191
Business tax and AMT credit carryovers	4,776	5,463
Capital loss carryover	139	144
Net operating loss carryover	1,845	2,148
Goodwill impairment	2,188	2,611
Purchase accounting adjustments	1,060	1,120
Other	1,275	1,306
Total assets	19,567	21,327
Liabilities
Unrealized gain on securities available for sale	(720)	(1,375)
Depreciation and amortization	(465)	(532)
FHLB stock	(358)	(447)
State income tax	(585)	(757)
Loan fees	(298)	(245)
Investments in limited partnerships	(2,255)	(2,314)
Mortgage servicing rights	(572)	(501)
Other	(1,010)	(361)
Total liabilities	(6,263)	(6,532)
Valuation Allowance
Beginning balance	(1,220)	(1,835)
Decrease during period	0	615
Ending balance	(1,220)	(1,220)
Net deferred tax asset	$ 12,084	$ 13,575

Accumulated Other Comprehensi95

Accumulated Other Comprehensive Income (Components of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income [Abstract]
Net unrealized gain on securities available-for-sale	$ 3,311	$ 4,933
Net unrealized loss on securities available-for-sale for which a portion of an other-than-temporary impairment has been recognized in income	(905)	(917)
Net unrealized loss on derivative used for cash flow hedges	(1)	(109)
Net unrealized loss relating to defined benefit plan liability	(32)	(109)
Accumulated other comprehensive income loss before tax	2,373	3,798
Tax expense	883	1,420
Net of tax amount	$ 1,490	$ 2,378

Accumulated Other Comprehensi96

Accumulated Other Comprehensive Income (Reclassification out of Accumulated Other Comprehensive Income (Loss) Alternate) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related income tax expense													$ (4,578)	$ (3,866)	$ (4,136)
Net Income Available to Common Shareholders	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,339	$ 2,247	$ 1,879	$ 1,661	12,262	11,046	8,126
Reclassification out of AOCI [Member] | Accumulated Net Unrealized Investment Gain (Loss) [Member]
Other Income													436	313	835
Related income tax expense													(148)	(106)	(284)
Net Income Available to Common Shareholders													$ 288	$ 207	$ 551

Commitments and Contingent Li97

Commitments and Contingent Liabilities (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Contingencies And Commitments [Line Items]
Mortgage loans in the process of origination	$ 1,730,000	$ 817,000
Mortgage loans held for sale	$ 5,991,000	$ 6,140,000
Minimum [Member]
Contingencies And Commitments [Line Items]
Mortgage loans in the process of origination, funding period	60 days
Maximum [Member]
Contingencies And Commitments [Line Items]
Mortgage loans in the process of origination, funding period	90 days

Commitments and Contingent Li98

Commitments and Contingent Liabilities (Financial Instruments Whose Contract Amount Represents Credit Risk) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Commitments and Contingent Liabilities [Abstract]
Loan commitments	$ 228,548	$ 200,189
Standby letters of credit	$ 2,464	$ 2,288

Regulatory Capital (Actual Capi

Regulatory Capital (Actual Capital Amounts and Ratios) (Details) - USD ($) $ in Thousands		Dec. 31, 2015		Dec. 31, 2014
MutualFirst Consolidated [Member]
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Leverage Capital Level, Actual Capital Levels Amount		$ 132,727	[1]	$ 120,568	[2]
Total Risk-Based Capital Level, Actual Capital Levels Amount	[3]	145,368		132,847
Common Equity Tier 1 Capitl Level	[4]	131,520
Tier 1 Risk-Based Capital Level, Actual Capital Levels Amount		$ 132,727	[5]	$ 120,568	[6]
Leverage Capital Level, Actual Capital Levels Ratio		9.10%	[1]	8.50%	[2]
Total Risk-Based Capital Level, Actual Capital Levels Ratio	[3]	13.80%		13.50%
Common Equity Tier 1 Capital Leve, Actual Capital Levels Ratio	[4]	12.50%
Tier 1 Risk-Based Capital Level, Actual Capital Levels Ratio		12.60%	[5]	12.30%	[6]
Leverage Capital Level, Minimum Regulatory Capital Ratios Amount		$ 58,608	[1]	$ 56,687	[2]
Total Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	[3]	84,144		78,537
Common Equity Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	[4]	47,331
Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount		$ 63,108	[5]	$ 39,269	[6]
Leverage Capital Level, Minimum Regulatory Capital Ratios		4.00%	[1]	4.00%	[2]
Total Risk-Based Capital Level, Minimum Regulatory Capital Ratios	[3]	8.00%		8.00%
Common Equity Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios	[4]	4.50%
Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios		6.00%	[5]	4.00%	[6]
Average Total Regulatory Capital Assets		$ 1,500,000		$ 1,400,000
Risk-Weighted Regulatory Capital Assets		1,100,000		981,700
MutualBank [Member]
Compliance with Regulatory Capital Requirements for Mortgage Companies [Line Items]
Leverage Capital Level, Actual Capital Levels Amount		134,754	[1]	124,083	[2]
Total Risk-Based Capital Level, Actual Capital Levels Amount	[3]	147,395		136,362
Common Equity Tier 1 Capitl Level	[4]	134,754
Tier 1 Risk-Based Capital Level, Actual Capital Levels Amount		$ 134,754	[5]	$ 124,083	[6]
Leverage Capital Level, Actual Capital Levels Ratio		9.20%	[1]	8.80%	[2]
Total Risk-Based Capital Level, Actual Capital Levels Ratio	[3]	14.00%		13.90%
Common Equity Tier 1 Capital Leve, Actual Capital Levels Ratio	[4]	12.80%
Tier 1 Risk-Based Capital Level, Actual Capital Levels Ratio		12.80%	[5]	12.60%	[6]
Leverage Capital Level, Minimum Regulatory Capital Ratios Amount		$ 58,509	[1]	$ 56,610	[2]
Total Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	[3]	84,106		78,515
Common Equity Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount	[4]	47,309
Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios Amount		$ 63,079	[5]	$ 39,257	[6]
Leverage Capital Level, Minimum Regulatory Capital Ratios		4.00%	[1]	4.00%	[2]
Total Risk-Based Capital Level, Minimum Regulatory Capital Ratios	[3]	8.00%		8.00%
Common Equity Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios	[4]	4.50%
Tier 1 Risk-Based Capital Level, Minimum Regulatory Capital Ratios		6.00%	[5]	4.00%	[6]
Leverage Capital Level, Minimum Required To be Considered Well-Capitalized Amount		$ 73,136	[1]	$ 70,763	[2]
Total Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Amount	[3]	105,132		98,143
Common Equity Teir 1 Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Amount	[4]	68,336
Tier 1 Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Amount		$ 84,106	[5]	$ 58,886	[6]
Leverage Capital Level, Minimum Required To be Considered Well-Capitalized Ratio		5.00%	[1]	5.00%	[2]
Total Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Ratio	[3]	10.00%		10.00%
Common Equity Tier 1 Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Ratio	[4]	6.50%
Tier 1 Risk-Based Capital Level, Minimum Required To be Considered Well-Capitalized Ratio		8.00%	[5]	6.00%	[6]
Average Total Regulatory Capital Assets		$ 1,500,000		$ 1,400,000
Risk-Weighted Regulatory Capital Assets		$ 1,100,000		$ 981,400
[1]	Tier 1 Capital to Average Total Assets of $1.5 billion for the Bank and Company at December 31, 2015.
[2]	Tier 1 Capital to Average Total Assets of $1.4 billion for the Bank and Company at December 31, 2014.
[3]	Total Capital to Risk-Weighted Assets.
[4]	Common Equity Tier 1 Capital to Risk-Weighted Assets of $1.1 billion for the Bank and Company at December 31, 2015.
[5]	Tier 1 Capital to Risk-Weighted Assets.
[6]	Tier 1 Capital to Risk-Weighted Assets of $981.4 million for the Bank and $981.7 million for the Company at December 31, 2014.

Employee Benefits (Narrative) (

Employee Benefits (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Number of unearned ESOP shares	0	0
MutualFirst Financial, Inc. [Member]
Defined Benefit Plan Disclosure [Line Items]
Employee stock ownership plan expense			$ 474,000
Retirement Savings 401(k) Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, contribution	$ 810,000	$ 739,000	552,000
Retirement Savings 401(k) Plan [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage employer matching contribution	5.00%
Retirement Savings 401(k) Plan [Member] | Up to 4% of participant contributions [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of participant contributions	100.00%
Percentage employer matching contribution	4.00%
Retirement Savings 401(k) Plan [Member] | 5%-6% of participant contributions [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of participant contributions	50.00%
Retirement Savings 401(k) Plan [Member] | 5%-6% of participant contributions [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage employer matching contribution	5.00%
Retirement Savings 401(k) Plan [Member] | 5%-6% of participant contributions [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage employer matching contribution	6.00%
Supplemental Retirement Plan and Deferred Compensation Arrangements [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation arrangement with individual, compensation expense	$ 669,000	$ 730,000	$ 748,000

Employee Benefits (Information

Employee Benefits (Information on Employee Stock Ownership Plan Shares) (Details) - shares	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Employee Benefits [Abstract]
Allocated shares	417,848	426,877	414,896
Suspense shares	0	0
Committed-to-be released shares			31,785

Stock Option Plans (Narrative)

Stock Option Plans (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised	186,059	118,823	61,677
Proceeds from stock options exercised	$ 2,000,000	$ 1,300,000	$ 538,000
Options exercised during the period, intrinsic value	$ 2,200,000	$ 1,000,000	$ 377,000
Options granted	0	0	0
Equity Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	352,741
Shares remaining to be granted under plan	58,000
2000 Stock Option Plan [Member].
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized	194,662
Options granted	0	0	0

Stock Option Plans (Summary of

Stock Option Plans (Summary of Status and Changes in Stock Option Plan) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Shares
Options outstanding, Beginning balance	568,220
Options exercised	(186,059)	(118,823)	(61,677)
Options outstanding, Ending balance		568,220
Options exercisable at year end	382,161
Weighted Average Exercise Price
Options Outstanding, Weighted Average Exercise Price	$ 10.45	$ 10.57
Options Exercised, Weighted Average Exercise Price	$ 10.81
Weighted- Average Remaining Contractual Life (in years)
Options Outstanding, Weighted-Average Remaining Contractual Life	7 years 2 months 12 days
Aggregate Intrinsic Value
Options Outstanding, Aggregate Intrinsic Value	$ 5,517,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from earnings per share computation	37,161	44,161	75,831

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Basic Earnings Per Share
Net income	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,686	$ 2,518	$ 2,157	$ 2,022	$ 12,262	$ 11,046	$ 9,383
Dividends and accretion on preferred stock															(1,257)
Income available to common stockholders	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,339	$ 2,247	$ 1,879	$ 1,661	12,262	11,046	8,126
Diluted Earnings Per Share
Income available to common stockholders and assumed conversions													$ 12,262	$ 11,046	$ 8,126
Weighted-Average Shares number of common shares, basic													7,374,589	7,160,700	7,076,877
Weighted-Average Shares, effect of dilutive securities stock option													173,296	231,131	180,941
Weighted-Average Shares income available to common stockholders and assumed conversions, diluted													7,547,885	7,391,831	7,257,818
Earnings per share, basic	$ 0.45	$ 0.44	$ 0.44	$ 0.34	$ 0.51	$ 0.38	$ 0.37	$ 0.28	$ 0.33	$ 0.32	$ 0.27	$ 0.24	$ 1.66	$ 1.54	$ 1.15
Earnings per share, diluted	$ 0.44	$ 0.43	$ 0.43	$ 0.33	$ 0.49	$ 0.37	$ 0.36	$ 0.27	$ 0.32	$ 0.31	$ 0.26	$ 0.23	$ 1.62	$ 1.49	$ 1.12

Fair Values of Financial Ins106

Fair Values of Financial Instruments (Fair Value Measurement of Assets Measured at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 261,138	$ 260,806
Mortgage-backed securities, Government sponsored agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	107,838	113,290
Collateralized Mortgage Obligations, Government Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	84,652	97,759
Federal Aagencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		4
Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	57,188	29,252
Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 11,460	$ 20,501
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Fair Value, Inputs, Level 1 | Mortgage-backed securities, Government sponsored agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Fair Value, Inputs, Level 1 | Collateralized Mortgage Obligations, Government Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Fair Value, Inputs, Level 1 | Federal Aagencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Fair Value, Inputs, Level 1 | Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Fair Value, Inputs, Level 1 | Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 258,604	$ 258,284
Fair Value, Inputs, Level 2 | Mortgage-backed securities, Government sponsored agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	107,838	113,290
Fair Value, Inputs, Level 2 | Collateralized Mortgage Obligations, Government Sponsored Agencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	84,652	97,759
Fair Value, Inputs, Level 2 | Federal Aagencies [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		4
Fair Value, Inputs, Level 2 | Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	57,188	29,252
Fair Value, Inputs, Level 2 | Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8,926	17,979
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,534	2,522
Fair Value, Inputs, Level 3 | Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,534	$ 2,522

Fair Values of Financial Ins107

Fair Values of Financial Instruments (Reconciliation of Recurring Fair Value Measurements Recognized in Balance Sheet using Significant Unobservable (Level Three) Inputs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Values of Financial Instruments [Abstract]
Beginning balance	$ 2,522	$ 3,336	$ 2,475
Total realized and unrealized gains (losses)
Included in net income		(68)
Included in other comprehensive income (loss)	12	2,098	897
Sales		(2,826)
Settlements		(18)	(36)
Ending balance	2,534	2,522	3,336
Total gains or losses for the period included in net income attributable to the change in unrealized gains or losses related to assets still held at the reporting date	$ 0	$ 0	$ 0

Fair Values of Financial Ins108

Fair Values of Financial Instruments (Fair Value Measurement of Assets Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on nonrecurring basis	$ 676
Other Real Estate Owned/Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on nonrecurring basis		$ 1,280
Fair Value, Inputs, Level 1 | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on nonrecurring basis
Fair Value, Inputs, Level 2 | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on nonrecurring basis
Fair Value, Inputs, Level 3 | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on nonrecurring basis	$ 676
Fair Value, Inputs, Level 3 | Other Real Estate Owned/Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets on nonrecurring basis		$ 1,280

Fair Values of Financial Ins109

Fair Values of Financial Instruments (Quantitative Information about Unobservable Inputs used in Recurring and Nonrecurring Level Three Fair Value Measurements) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Pooled Trust Preferred Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,534	$ 2,522
Valuation Technique	Discounted cash flow	Discounted cash flow
Constant prepayment rate	2.00%	2.00%
Cumulative projected prepayments	40.00%	40.00%
Pooled Trust Preferred Securities [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	7.00%	8.00%
Probability of default	1.70%	1.70%
Projected cures given deferral	0.00%	0.00%
Loss severity	33.80%	34.20%
Pooled Trust Preferred Securities [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	8.00%
Probability of default	1.80%	1.80%
Projected cures given deferral	15.00%	15.00%
Loss severity	40.20%	39.80%
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 676
Valuation Technique	Third party valuations
Impaired Loans [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount to reflect realizable value less estimated selling costs	20.00%
Impaired Loans [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount to reflect realizable value less estimated selling costs	50.00%
Other Real Estate Owned/Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 1,280
Valuation Technique		Third party valuations
Other Real Estate Owned/Foreclosed Real Estate [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount to reflect realizable value less estimated selling costs		24.40%
Other Real Estate Owned/Foreclosed Real Estate [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount to reflect realizable value less estimated selling costs		36.70%

Fair Values of Financial Ins110

Fair Values of Financial Instruments (Estimated Fair Values of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets, carrying amount
Cash and cash equivalents	$ 20,915	$ 29,575	$ 25,285	$ 32,778
FHLB stock, carrying amount	10,482	11,964
Interest receivable, carrying amount	4,201	3,730
Loans held for sale, carrying amount	5,991	6,140
Loans net, carrying amount	1,068,204	1,003,518
Liabilities, carrying amount
Deposits, carrying amount	1,091,382	1,079,320
FHLB advances, carrying amount	225,617	192,442
Other borrowings, carrying amount	9,458	10,174
Interest payable, carrying amount	199	223
Assets
Cash and cash equivalents	20,915	29,575
FHLB stock, fair value	10,482	11,964
Interest receivable, fair value	4,201	3,730
Loans held for sale, fair value	6,058	6,220
Loans, fair value	1,056,357	1,006,233
Liabilities, fair value
Deposits, fair value	1,090,975	1,050,295
FHLB advances, fair value	224,621	191,995
Other borrowings, fair value	9,459	10,283
Interest payable, fair value	199	223
Fair Value, Inputs, Level 1
Assets
Cash and cash equivalents	20,915	29,575
Liabilities, fair value
Deposits, fair value	740,759	648,314
Fair Value, Inputs, Level 2
Assets
FHLB stock, fair value	10,482	11,964
Interest receivable, fair value	4,201	3,730
Loans held for sale, fair value	6,058	6,220
Liabilities, fair value
FHLB advances, fair value	224,621	191,995
Other borrowings, fair value	9,459	10,283
Interest payable, fair value	199	223
Fair Value, Inputs, Level 3
Assets
Loans, fair value	1,056,357	1,006,233
Liabilities, fair value
Deposits, fair value	350,216	401,981
MutualFirst Financial, Inc. [Member]
Assets, carrying amount
Cash and cash equivalents	2,756	2,383	$ 1,070	$ 2,954
Liabilities, carrying amount
Other borrowings, carrying amount	$ 9,458	$ 10,174

Condensed Financial Informat111

Condensed Financial Information (Parent Company Only) (Condensed Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash on deposit with Bank	$ 12,305	$ 22,100
Cash on deposit with others	8,610	7,475
Deferred and current income tax	12,084	13,575
Other Assets	12,127	9,694
Total assets	1,478,265	1,423,423
Liabilities
Other borrowings	9,458	10,174
Other liabilities	14,783	14,735
Total liabilities	1,341,240	1,296,671
Stockholders' Equity	137,025	126,752	$ 110,629	$ 138,297
Total liabilities and stockholders' equity	1,478,265	1,423,423
MutualFirst Financial, Inc. [Member]
Assets
Cash on deposit with Bank	2,732	1,726
Cash on deposit with others	24	657
Total cash	2,756	2,383
Investment in common stock of Bank	143,459	135,264
Deferred and current income tax	214	149
Other Assets	262
Total assets	146,691	137,796
Liabilities
Other borrowings	9,458	10,174
Other liabilities	208	85
Total liabilities	9,666	10,259
Stockholders' Equity	137,025	127,537
Total liabilities and stockholders' equity	$ 146,691	$ 137,796

Condensed Financial Informat112

Condensed Financial Information (Parent Company Only) (Condensed Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income
Interest income from Bank													$ 14	$ 17	$ 29
Total interest and dividend income	$ 13,313	$ 13,049	$ 12,731	$ 12,683	$ 12,893	$ 12,803	$ 12,744	$ 12,738	$ 12,848	$ 13,041	$ 12,877	$ 12,901	51,776	51,178	51,667
Expenses	2,214	2,233	2,191	2,165	2,255	2,163	2,186	2,319	2,644	2,801	2,857	2,922	8,803	8,923	11,224
Income tax benefit													4,578	3,866	4,136
Net Income	3,338	3,225	3,218	2,481	3,661	2,751	2,614	2,020	2,686	2,518	2,157	2,022	12,262	11,046	9,383
Preferred stock dividends and accretion															1,257
Net Income Available to Common Shareholders	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,339	$ 2,247	$ 1,879	$ 1,661	12,262	11,046	8,126
MutualFirst Financial, Inc. [Member]
Income
Interest income from Bank													1	1	4
Dividends from Bank													3,600	3,500	30,692
Total interest and dividend income													3,601	3,501	30,696
Expenses													1,182	994	1,036
Income before income tax and equity in undistributed income of the Bank													2,419	2,735	29,843
Income tax benefit													(591)	(337)	(342)
Income before equity in undistributed income (distributions in excess of income) of the Bank													3,010	3,072	30,185
Equity in undistributed income (distributions in excess of income) of the Bank													9,252	7,974	(20,802)
Net Income													12,262	11,046	9,383
Preferred stock dividends and accretion															1,257
Net Income Available to Common Shareholders													$ 12,262	$ 11,046	$ 8,126

Condensed Financial Informat113

Condensed Financial Information (Parent Company Only) (Condensed Statements of Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net income	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,686	$ 2,518	$ 2,157	$ 2,022	$ 12,262	$ 11,046	$ 9,383
Other comprehensive income:
Net unrealized holding gain (loss) on securities available-for-sale													(1,186)	8,921	(9,810)
Net unrealized gain on securities available-for-sale for which a portion of an other-than-temporary impairment has been recognized in income													12	381	800
Less: Reclassification adjustment for realized gains included in net included in net income													(436)	(313)	(835)
Net unrealized gain on derivative used for cash flow hedges													108	150	157
Net unrealized gain (loss) relating to defined benefit plan													77	(209)	149
Other Comprehensive Income (Loss), before Tax													(1,425)	8,930	(9,539)
Income tax (expense) benefit related to other comprehensive income													537	(3,137)	3,321
Other comprehensive income (loss)													(888)	5,793	(6,218)
Comprehensive income													11,374	16,839	3,165
MutualFirst Financial, Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Net income													12,262	11,046	9,383
Other comprehensive income:
Net unrealized holding gain (loss) on securities available-for-sale													(1,186)	8,921	(9,810)
Net unrealized gain on securities available-for-sale for which a portion of an other-than-temporary impairment has been recognized in income													12	381	800
Less: Reclassification adjustment for realized gains included in net included in net income													(436)	(313)	(835)
Net unrealized gain on derivative used for cash flow hedges													108	150	157
Net unrealized gain (loss) relating to defined benefit plan													77	(209)	149
Other Comprehensive Income (Loss), before Tax													(1,425)	8,930	(9,539)
Income tax (expense) benefit related to other comprehensive income													537	(3,137)	3,321
Other comprehensive income (loss)													(888)	5,793	(6,218)
Comprehensive income													$ 11,374	$ 16,839	$ 3,165

Condensed Financial Informat114

Condensed Financial Information (Parent Company Only) (Condensed Statements of Cash Flows) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Activities
Net income	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,686	$ 2,518	$ 2,157	$ 2,022	$ 12,262	$ 11,046	$ 9,383
Item not requiring cash
Deferred income tax													1,926	1,087	2,387
Other													143	474	375
Net cash provided by operating activities													16,137	12,010	21,619
Investing Activities
Net cash provided by (used in) investing activities													(67,736)	(21,760)	5,626
Financing Activities
Repayments of other borrowings													(759)	(759)	(759)
Cash dividends													(3,550)	(2,297)	(2,953)
Proceeds from stock options exercised													2,011	1,347	570
Net cash provided by (used in) financing activities													42,939	14,040	(34,738)
Net Change in Cash and Cash Equivalents													(8,660)	4,290	(7,493)
Cash and Cash Equivalents, Beginning of Period				29,575				25,285				32,778	29,575	25,285	32,778
Cash and Cash Equivalents, End of Period	20,915				29,575				25,285				20,915	29,575	25,285
MutualFirst Financial, Inc. [Member]
Operating Activities
Net income													12,262	11,046	9,383
Item not requiring cash
ESOP shares earned															474
Deferred income tax													(102)	159	71
(Equity in undistributed income) distributions in excess of income of subsidiary													(9,252)	(8,202)	20,619
Other													13	19	(365)
Net cash provided by operating activities													2,921	3,022	30,182
Investing Activities
Investment in subsidiary													(250)
Net cash provided by (used in) investing activities													(250)
Financing Activities
Repayments of other borrowings													(759)	(759)	(759)
Stock repurchased															(28,924)
Cash dividends													(3,550)	(2,297)	(2,953)
Proceeds from stock options exercised													2,011	1,347	570
Net cash provided by (used in) financing activities													(2,298)	(1,709)	(32,066)
Net Change in Cash and Cash Equivalents													373	1,313	(1,884)
Cash and Cash Equivalents, Beginning of Period				$ 2,383				$ 1,070				$ 2,954	2,383	1,070	2,954
Cash and Cash Equivalents, End of Period	$ 2,756				$ 2,383				$ 1,070				$ 2,756	$ 2,383	$ 1,070

Quarterly Results of Operati115

Quarterly Results of Operations (Schedule of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Results of Operations [Abstract]
Interest Income	$ 13,313	$ 13,049	$ 12,731	$ 12,683	$ 12,893	$ 12,803	$ 12,744	$ 12,738	$ 12,848	$ 13,041	$ 12,877	$ 12,901	$ 51,776	$ 51,178	$ 51,667
Interest Expense	2,214	2,233	2,191	2,165	2,255	2,163	2,186	2,319	2,644	2,801	2,857	2,922	8,803	8,923	11,224
Net Interest Income	11,099	10,816	10,540	10,518	10,638	10,640	10,558	10,419	10,204	10,240	10,020	9,979	42,973	42,255	40,443
Provision for loan losses	125						500	350	(950)	750	550	950	125	850	1,300
Net Income Loss	3,338	3,225	3,218	2,481	3,661	2,751	2,614	2,020	2,686	2,518	2,157	2,022	12,262	11,046	9,383
Net Income Available to Common Shareholders	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,339	$ 2,247	$ 1,879	$ 1,661	$ 12,262	$ 11,046	$ 8,126
Earnings per share, basic	$ 0.45	$ 0.44	$ 0.44	$ 0.34	$ 0.51	$ 0.38	$ 0.37	$ 0.28	$ 0.33	$ 0.32	$ 0.27	$ 0.24	$ 1.66	$ 1.54	$ 1.15
Earnings per share, diluted	$ 0.44	$ 0.43	$ 0.43	$ 0.33	$ 0.49	$ 0.37	$ 0.36	$ 0.27	$ 0.32	$ 0.31	$ 0.26	$ 0.23	$ 1.62	$ 1.49	$ 1.12

Change in Accounting Princip116

Change in Accounting Principle (Schedul of Impact of Accounting Changes) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred tax asset, net	$ 12,084				$ 13,575								$ 12,084	$ 13,575
Retained earnings	58,098				49,386								58,098	49,386
Noninterest Income													17,139	14,885	$ 14,063
Income tax expense													4,578	3,866	4,136
Income available to common stockholders	$ 3,338	$ 3,225	$ 3,218	$ 2,481	$ 3,661	$ 2,751	$ 2,614	$ 2,020	$ 2,339	$ 2,247	$ 1,879	$ 1,661	$ 12,262	$ 11,046	$ 8,126
Basic	$ 0.45	$ 0.44	$ 0.44	$ 0.34	$ 0.51	$ 0.38	$ 0.37	$ 0.28	$ 0.33	$ 0.32	$ 0.27	$ 0.24	$ 1.66	$ 1.54	$ 1.15
Diluted	$ 0.44	$ 0.43	$ 0.43	$ 0.33	$ 0.49	$ 0.37	$ 0.36	$ 0.27	$ 0.32	$ 0.31	$ 0.26	$ 0.23	$ 1.62	$ 1.49	$ 1.12
MutualFirst Financial, Inc. [Member]
Investment in limited partnerships	$ 143,459				$ 135,264								$ 143,459	$ 135,264
Deferred tax asset, net	$ 214				149								214	149
Income tax expense													(591)	(337)	$ (342)
Income available to common stockholders													$ 12,262	11,046	8,126
As Previously Reported [Member]
Investment in limited partnerships					1,582									1,582
Deferred tax asset, net					13,305									13,305
Retained earnings					50,171				$ 41,650					50,171	41,650
Noninterest Income														14,374	13,552
Income tax expense														3,583	3,808
Income available to common stockholders														$ 10,818	$ 7,943
Basic														$ 1.51	$ 1.12
Diluted														$ 1.46	$ 1.09
As Reported Under the New Guidance [Member]
Investment in limited partnerships					527									$ 527
Deferred tax asset, net					13,575									13,575
Retained earnings					$ 49,386				$ 40,637					49,386	$ 40,637
Noninterest Income														14,885	14,063
Income tax expense														3,866	4,136
Income available to common stockholders														$ 11,046	$ 8,126
Basic														$ 1.54	$ 1.15
Diluted														$ 1.49	$ 1.12

Uncategorized Items - mfsf-2015

Label	Element	Value
Scenario Adjustment [Member]
Cumulative Effect on Retained Earnings, Net of Tax	us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1	$ (1,196,000)
Retained Earnings [Member] | Scenario Adjustment [Member]
Cumulative Effect on Retained Earnings, Net of Tax	us-gaap_CumulativeEffectOnRetainedEarningsNetOfTax1	$ (1,196,000)