Cass Information Systems (CASS) 10-Q 2 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 26, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	CASS INFORMATION SYSTEMS INC
Entity Central Index Key	708,781
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,176,204

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 13,437	$ 9,015
Interest-bearing deposits in other financial institutions	117,789	176,405
Federal funds sold and other short-term investments	171,877	67,752
Cash and cash equivalents	303,103	253,172
Securities available-for-sale, at fair value	382,671	375,696
Loans	684,874	659,055
Less: Allowance for loan losses	10,673	11,635
Loans, net	674,201	647,420
Premises and equipment, net	20,776	19,648
Investment in bank-owned life insurance	16,319	15,933
Payments in excess of funding	111,334	105,526
Goodwill	11,590	11,590
Other intangible assets, net	2,099	2,405
Other assets	25,560	24,116
Total assets	1,547,653	1,455,506
Deposits:
Noninterest-bearing	202,384	181,823
Interest-bearing	421,629	464,661
Total deposits	624,013	646,484
Accounts and drafts payable	682,762	577,259
Other liabilities	28,566	24,385
Total liabilities	1,335,341	1,248,128
Shareholders' Equity:
Preferred stock, par value $.50 per share; 2,000,000 shares authorized and no shares issued
Common stock, par value $.50 per share; 40,000,000 shares authorized and 11,931,147 shares issued at September 30, 2016 and December 31, 2015	5,966	5,966
Additional paid-in capital	126,016	126,290
Retained earnings	114,513	103,994
Common shares in treasury, at cost (755,405 shares at September 30, 2016 and 598,875 shares at December 31, 2015)	(30,460)	(22,208)
Accumulated other comprehensive loss	(3,723)	(6,664)
Total shareholders' equity	212,312	207,378
Total liabilities and shareholders' equity	$ 1,547,653	$ 1,455,506

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.50	$ 0.50
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value per share	$ 0.50	$ 0.50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	11,931,147	11,931,147
Treasury stock, shares	755,405	598,875

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fee Revenue and Other Income:
Information services payment and processing revenue	$ 21,737	$ 19,781	$ 62,162	$ 58,898
Bank service fees	284	308	931	908
Gains on sales of securities		1,271	387	2,910
Other	127	154	630	468
Total fee revenue and other income	22,148	21,514	64,110	63,184
Interest Income:
Interest and fees on loans	7,264	7,086	21,711	21,528
Interest and dividends on securities:
Taxable	36	5	69	20
Exempt from federal income taxes	2,386	2,371	7,217	6,996
Interest on federal funds sold and other short-term investments	299	119	775	392
Total interest income	9,985	9,581	29,772	28,936
Interest Expense:
Interest on deposits	505	498	1,522	1,610
Net interest income	9,480	9,083	28,250	27,326
Provision for loan losses			(1,000)
Net interest income after provision for loan losses	9,480	9,083	29,250	27,326
Total net revenue	31,628	30,597	93,360	90,510
Operating Expense:
Personnel	18,319	17,761	54,267	52,630
Occupancy	860	872	2,560	2,565
Equipment	1,124	1,067	3,289	3,208
Amortization of intangible assets	101	103	305	306
Other operating expense	3,147	2,831	9,105	8,873
Total operating expense	23,551	22,634	69,526	67,582
Income before income tax expense	8,077	7,963	23,834	22,928
Income tax expense	1,855	2,083	5,910	5,961
Net income	$ 6,222	$ 5,880	$ 17,924	$ 16,967
Basic earnings per share	$ 0.56	$ 0.52	$ 1.61	$ 1.49
Diluted earnings per share	$ .55	$ .51	$ 1.58	$ 1.47

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Comprehensive income:
Net income	$ 6,222	$ 5,880	$ 17,924	$ 16,967
Other comprehensive income:
Net unrealized gain (loss) on securities available-for-sale	(3,176)	3,301	5,036	(327)
Tax effect	1,180	(1,226)	(1,871)	122
Reclassification adjustments for gains included in net income		(1,271)	(387)	(2,910)
Tax effect		472	143	1,081
Foreign currency translation adjustments	9	2	20	(69)
Total comprehensive income	$ 4,235	$ 7,158	$ 20,865	$ 14,864

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows From Operating Activities:
Net income	$ 17,924	$ 16,967
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,964	6,476
Net gains on sales of securities	(387)	(2,910)
Stock-based compensation expense	1,471	1,543
Provision for loan losses	(1,000)
Increase in income tax benefit	(121)	(1,156)
Increase in income tax liability	973	1,513
Increase in pension liability	3,102	3,626
Other operating activities, net	(3,311)	(254)
Net cash provided by operating activities	25,615	25,805
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	21,491	99,347
Proceeds from maturities of securities available-for-sale	29,970	31,390
Purchase of securities available-for-sale	(57,637)	(142,014)
Net increase in loans	(25,781)	(1,508)
Net (increase) decrease in payments in excess of funding	(5,808)	11,368
Purchases of premises and equipment, net	(3,549)	(4,320)
Net cash used in investing activities	(41,314)	(5,737)
Cash Flows From Financing Activities:
Net increase in noninterest-bearing demand deposits	20,561	13,938
Net decrease in interest-bearing demand and savings deposits	(37,855)	(41,054)
Net decrease in time deposits	(5,177)	(13,611)
Net increase (decrease) in accounts and drafts payable	105,503	(30,198)
Cash dividends paid	(7,406)	(7,203)
Purchase of common shares for treasury	(9,217)	(9,426)
Other financing activities, net	(779)	(767)
Net cash provided by (used in) financing activities	65,630	(88,321)
Net increase (decrease) in cash and cash equivalents	49,931	(68,253)
Cash and cash equivalents at beginning of period	253,172	294,335
Cash and cash equivalents at end of period	303,103	226,082
Supplemental information:
Cash paid for interest	1,517	3,313
Cash paid for income taxes	$ 5,128	$ 4,501

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 - Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments, consisting of normal recurring accruals, considered necessary for a fair presentation have been included. For further information, refer to the audited consolidated financial statements and related footnotes included in Cass Information System, Inc.’s (the “Company” or “Cass”) Annual Report on Form 10-K for the year ended December 31, 2015 .

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 2 – Intangible Assets The Company accounts for intangible assets in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 350, “Goodwill and Other Intangible Assets,” (“FASB ASC 350”), which requires that intangibles with indefinite useful lives be tested annually for impairment and those with finite useful lives be amortized over their useful lives. Details of the Company’s intangible assets are as follows: September 30, 2016 December 31, 2015 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 3,933 $ (2,262 ) $ 3,933 $ (2,023 ) Patents 72 (7 ) 72 (4 ) Non-compete agreements 261 (248 ) 261 (209 ) Software 234 (234 ) 234 (234 ) Other 500 (150 ) 500 (125 ) Unamortized intangible assets: Goodwill 1 11,817 (227 ) 11,817 (227 ) Total intangible assets $ 16,817 $ (3,128 ) $ 16,817 $ (2,822 ) 1 . The customer lists are amortized over seven and ten years; the patents over 18 years; the non-compete agreements over five years; software over three years; and other intangible assets over fifteen years. Amortization of intangible assets amounted to $305,000 and $306,000 for the nine-month periods ended September 30, 2016 and 2015, respectively. Estimated annual amortization of intangibles is as follows: $408,000 in 2016, and $356,000 in each of 2017, 2018, 2019 and 2020.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 – Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income by the sum of the weighted-average number of common shares outstanding and the weighted-average number of potential common shares outstanding. There were no anti-dilutive shares in the nine months ended September 30, 2016 and 2015. The calculations of basic and diluted earnings per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands except share and per share data) 2016 2015 2016 2015 Basic Net income $ 6,222 $ 5,880 $ 17,924 $ 16,967 Weighted-average common shares outstanding 11,110,824 11,329,002 11,159,469 11,385,680 Basic earnings per share $ .56 $ .52 $ 1.61 $ 1.49 Diluted Net income $ 6,222 $ 5,880 $ 17,924 $ 16,967 Weighted-average common shares outstanding 11,110,824 11,329,002 11,159,469 11,385,680 Effect of dilutive restricted stock and stock appreciation rights 158,541 158,177 155,112 161,005 Weighted-average common shares outstanding assuming dilution assuming dilution 11,269,365 11,487,179 11,314,581 11,546,685 Diluted earnings per share $ .55 $ .51 $ 1.58 $ 1.47

Stock Repurchases

Stock Repurchases	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stock Repurchases	Note 4 – Stock Repurchases The Company maintains a treasury stock buyback program pursuant to which the Board of Directors has authorized the repurchase of up to 500,000 shares of the Company’s common stock. As restored by the Board of Directors on October 19, 2015, the program provides that the Company may repurchase up to an aggregate of 500,000 shares of common stock and has no expiration date. The Company repurchased 0 and 68,105 shares during the three-month periods and 187,123 and 192,690 during the nine-month periods ended September 30, 2016 and 2015, respectively. As of September 30, 2016, 301,156 shares remained available for repurchase under the program. Repurchases may be made in the open market or through negotiated transactions from time to time depending on market conditions. On October 17, 2016, the Company’s Board of Directors restored the repurchase program to 500,000 shares.

Industry Segment Information

Industry Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Industry Segment Information	Note 5 – Industry Segment Information The services provided by the Company are classified into two reportable segments: Information Services and Banking Services. Each of these segments provides distinct services that are marketed through different channels. They are managed separately due to their unique service, processing and capital requirements. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. The Banking Services segment provides banking services primarily to privately held businesses and churches. The Company’s accounting policies for segments are the same as those described in the summary of significant accounting policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Management evaluates segment performance based on net income after allocations for corporate expenses and income taxes. Transactions between segments are accounted for at what management believes to be fair value. Substantially all revenue originates from, and all long-lived assets are located within, the United States, and no revenue from any customer of any segment exceeds 10% of the Company’s consolidated revenue. Assets represent actual assets owned by Information Services and Banking Services and there is no allocation methodology used. Segment interest from customers is the actual interest earned on the loans owned by Information Services and Banking Services, respectively. Summarized information about the Company’s operations in each industry segment is as follows: Corporate, Information Banking Eliminations (In thousands) Services Services and Other Total Three Months Ended September 30, 2016 Fee revenue and other income: Income from customers $ 25,090 $ 6,538 $ — $ 31,628 Intersegment income (expense) 2,797 416 (3,213 ) — Net income 3,806 2,416 — 6,222 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,099 — — 2,099 Total assets 808,568 742,933 (3,848 ) 1,547,653 Three Months Ended September 30, 2015 Fee revenue and other income Income from customers $ 24,694 $ 5,903 $ — $ 30,597 Intersegment income (expense) 2,310 410 (2,720 ) — Net income 3,961 1,919 — 5,880 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,507 — — 2,507 Total assets 751,264 713,173 (30,917 ) 1,433,520 Nine Months Ended September 30, 2016 Fee revenue and other income: Income from customers $ 73,084 $ 20,276 $ — $ 93,360 Intersegment income (expense) 8,870 1,195 (10,065 ) — Net income 10,231 7,693 — 17,924 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,099 — — 2,099 Total assets 808,568 742,933 (3,848 ) 1,547,653 Nine Months Ended September 30, 2015 Fee revenue and other income Income from customers $ 73,120 $ 17,390 $ — $ 90,510 Intersegment income (expense) 6,854 1,266 (8,120 ) — Net income 11,368 5,599 — 16,967 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,507 — — 2,507 Total assets 751,264 713,173 (30,917 ) 1,433,520

Loans by Type

Loans by Type	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loan categories is as follows: September 30, December 31, (In thousands) 2016 2015 Commercial and industrial $ 213,060 $ 193,430 Real estate Commercial: Mortgage 102,569 108,836 Construction 13,704 1,182 Church, church-related: Mortgage 322,800 306,728 Construction 15,094 28,957 Industrial Revenue Bonds 17,390 19,831 Other 257 91 Total loans $ 684,874 $ 659,055 The following table presents the aging of loans by loan categories at September 30, 2016 and December 31, 2015: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans September 30, 2016 Commercial and industrial $ 213,060 $ — $ — $ — $ — $ 213,060 Real estate Commercial: Mortgage 102,309 — — — 260 102,569 Construction 13,704 — — — — 13,704 Church, church-related: Mortgage 321,631 105 — 984 80 322,800 Construction 15,094 — — — — 15,094 Industrial Revenue Bonds 17,390 — — — — 17,390 Other 257 — — — — 257 Total $ 683,445 $ 105 $ — $ 984 $ 340 $ 684,874 December 31, 2015 Commercial and industrial $ 193,430 $ — $ — $ — $ — $ 193,430 Real estate Commercial: Mortgage 105,804 — — — 3,032 108,836 Construction 1,182 — — — — 1,182 Church, church-related: Mortgage 306,625 — — — 103 306,728 Construction 28,957 — — — — 28,957 Industrial Revenue Bonds 19,831 — — — — 19,831 Other 91 — — — — 91 Total $ 655,920 $ — $ — $ — $ 3,135 $ 659,055 The following table presents the credit exposure of the loan portfolio as of September 30, 2016 and December 31, 2015: Loans Performing Nonperforming Subject to Loans Subject to Loans Subject Normal Special to Special (In thousands) Monitoring 1 Monitoring 2 Monitoring 2 Total Loans September 30, 2016 Commercial and industrial $ 210,824 $ 2,236 $ — $ 213,060 Real estate Commercial: Mortgage 101,238 1,071 260 102,569 Construction 13,704 — — 13,704 Church, church-related: Mortgage 315,516 7,204 80 322,800 Construction 15,094 — — 15,094 Industrial Revenue Bonds 17,390 — — 17,390 Other 257 — — 257 Total $ 674,023 $ 10,511 $ 340 $ 684,874 December 31, 2015 Commercial and industrial $ 190,303 $ 3,127 $ — $ 193,430 Real estate Commercial: Mortgage 104,642 1,162 3,032 108,836 Construction 1,182 — — 1,182 Church, church-related: Mortgage 299,135 7,490 103 306,728 Construction 28,957 — — 28,957 Industrial Revenue Bonds 19,831 — — 19,831 Other 91 — — 91 Total $ 644,141 $ 11,779 $ 3,135 $ 659,055 1 2 Impaired loans consist primarily of nonaccrual loans, loans greater than 90 days past due and still accruing interest and troubled debt restructurings, both performing and nonperforming. Troubled debt restructuring involves the granting of a concession to a borrower experiencing financial difficulty resulting in the modification of terms of the loan, such as changes in payment schedule or interest rate. Management measures impairment in accordance with FASB ASC 310, “Allowance for Credit Losses.” At September 30, 2016, impaired loans were evaluated using the expected cash flow method. At December 31, 2015, all impaired loans were evaluated based on the fair value of the collateral and the expected cash flow method. The fair value of the collateral is based upon an observable market price or current appraised value and therefore, the Company classifies these assets as nonrecurring Level 3. One loan was delinquent 90 days and still accruing interest at September 30, 2016, which was brought current on October 4, 2016 and has a sale contract that will pay the loan in full upon closing. Therefore, it is not considered impaired. There were no loans delinquent 90 days or more and still accruing interest at December 31, 2015. There were no loans classified as troubled debt restructuring at September 30, 2016 and December 31, 2015. There were no foreclosed loans recorded as other real estate owned (included in other assets) as of September 30, 2016 and December 31, 2015. The following table presents the recorded investment and unpaid principal balance for impaired loans at September 30, 2016 and December 31, 2015: Unpaid Related Recorded Principal Allowance for (In thousands) Investment Balance Loan Losses September 30, 2016 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 260 260 — Church – Mortgage: Nonaccrual 80 80 80 Total impaired loans $ 340 $ 340 $ 80 December 31, 2015 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 3,032 3,032 1,039 Church – Mortgage: Nonaccrual 103 103 103 Total impaired loans $ 3,135 $ 3,135 $ 1,142 A summary of the activity in the allowance for loan losses from December 31, 2015 to September 30, 2016 is as follows: December 31, Charge- September 30, (In thousands) 2015 Offs Recoveries Provision 2016 Commercial and industrial $ 3,083 $ — $ 38 $ 217 $ 3,338 Real estate Commercial: Mortgage 2,803 — — (1,179 ) 1,624 Construction 9 — — 93 102 Church, church-related: Mortgage 4,082 — — 48 4,130 Construction 217 — — (102 ) 115 Industrial Revenue Bonds 320 — — (47 ) 273 Other 1,121 — — (30 ) 1,091 Total $ 11,635 $ — $ 38 $ (1,000 ) $ 10,673 A summary of the activity in the allowance for loan losses from December 31, 2014 to September 30, 2015 is as follows: December 31, Charge- September 30, (In thousands) 2014 Offs Recoveries Provision 2015 Commercial and industrial $ 3,515 $ 30 $ 10 $ (133 ) $ 3,362 Real estate Commercial: Mortgage 3,060 — 5 (3 ) 3,062 Construction — — — 1 1 Church, church-related: Mortgage 4,016 — 2 127 4,145 Construction 140 — — 10 150 Industrial Revenue Bonds 394 — — (50 ) 344 Other 769 — 1 48 818 Total $ 11,894 $ 30 $ 18 $ 0 $ 11,882

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7 – Commitments and Contingencies In the normal course of business, the Company is party to activities that contain credit, market and operational risks that are not reflected in whole or in part in the Company’s consolidated financial statements. Such activities include traditional off-balance sheet credit-related financial instruments and commitments under operating leases. These financial instruments include commitments to extend credit, commercial letters of credit and standby letters of credit. The Company’s maximum potential exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, commercial letters of credit and standby letters of credit is represented by the contractual amounts of those instruments. At September 30, 2016 and December 31, 2015, no amounts have been accrued for any estimated losses for these instruments. 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. Commercial and standby letters of credit are conditional commitments issued by the Company or its subsidiaries to guarantee the performance of a customer to a third party. These off-balance sheet financial instruments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The balance of unused loan commitments, standby and commercial letters of credit were $15,976,000, $14,238,000, and $1,820,000 at September 30, 2016 and were $11,755,000, $11,581,000, and $1,857,000 at December 31, 2015, respectively. Since some of the financial instruments may expire without being drawn upon, the total amounts do not necessarily represent future cash requirements. Commitments to extend credit and letters of credit are subject to the same underwriting standards as those financial instruments included on the consolidated balance sheets. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary upon extension of the credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but is generally accounts receivable, inventory, residential or income-producing commercial property or equipment. In the event of nonperformance, the Company or its subsidiaries may obtain and liquidate the collateral to recover amounts paid under guarantees on these financial instruments. The following table summarizes contractual cash obligations of the Company related to operating lease commitments and time deposits at September 30, 2016: Amount of Commitment Expiration per Period Less than 1-3 3-5 Over 5 (In thousands) Total 1 Year Years Years Years Operating lease commitments $ 6,119 $ 1,416 $ 2,192 $ 1,605 $ 906 Time deposits 56,523 49,340 4,967 2,216 — Total $ 62,642 $ 50,756 $ 7,159 $ 3,821 $ 906 The Company and its subsidiaries are involved in various pending legal actions and proceedings in which claims for damages are asserted. Management, after discussion with legal counsel, believes the ultimate resolution of these legal actions and proceedings will not have a material effect upon the Company’s consolidated financial position or results of operations.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note 8 – Stock-Based Compensation The Amended and Restated Omnibus Stock and Performance Compensation Plan (the “Omnibus Plan”) permits the issuance of up to 1,500,000 shares of the Company’s common stock in the form of stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units and performance awards. The Company issues shares out of treasury stock for these awards. During the nine months ended September 30, 2016, 35,330 restricted shares and 0 SARs were granted under the Omnibus Plan. Restricted Stock Restricted shares granted prior to April 16, 2013 are amortized to expense over a three-year vesting period. Beginning on April 16, 2013, restricted shares granted to Company employees are amortized to expense over a three-year vesting period whereas restricted shares granted to members of the Board of Directors are amortized to expense over a one-year service period, with the exception of those shares granted in lieu of cash payments for retainer fees which are expensed in the period earned. As of September 30, 2016, the total unrecognized compensation expense related to non-vested restricted shares was $2,120,000, and the related weighted-average period over which it is expected to be recognized is approximately .8 years. Following is a summary of the activity of the restricted stock: Nine Months Ended September 30, 2016 Shares Fair Value Balance at December 31, 2015 69,041 $ 51.33 Granted 35,330 $ 50.02 Vested (29,268 ) $ 50.89 Forfeited (765 ) $ 51.87 Balance at September 30, 2016 74,338 $ 50.87 SARs SARs vest over a three-year period, with one-third of the shares vesting and becoming exercisable each year on the anniversary date of the grant, and they expire 10 years from the original grant date. As of September 30, 2016, the total unrecognized compensation expense was $74,000, and the related weighted-average period over which it is expected to be recognized is 0.3 years. Following is a summary of the activity of the Company’s SARs program for the nine-month period ended September 30, 2016: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2015 307,323 $ 36.57 5.99 $ 4,577 Exercised (32,391 ) $ 33.48 Outstanding at September 30, 2016 274,932 $ 36.93 5.27 $ 5,421 Exercisable at September 30, 2016 262,768 $ 35.79 5.17 $ 5,482 Following is a summary of the activity of the non-vested SARs during the nine-month period ended September 30, 2016: Weighted-Average Shares Grant Date Fair Value Non-vested at December 31, 2015 52,507 $ 51.17 Vested (40,343 ) $ 48.02 Non-vested at September 30, 2016 12,164 $ 61.64

Defined Pension Plans

Defined Pension Plans	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Defined Pension Plans	Note 9 – Defined Pension Plans The Company has a noncontributory defined-benefit pension plan, which covers most of its employees. The Company accrues and makes contributions designed to fund normal service costs on a current basis using the projected unit credit with service proration method to amortize prior service costs arising from improvements in pension benefits and qualifying service prior to the establishment of the plan over a period of approximately 30 years. Disclosure information is based on a measurement date of December 31 of the corresponding year. The following table represents the components of the net periodic pension costs for 2015 and an estimate for 2016: Estimated Actual (In thousands) 2016 2015 Service cost – benefits earned during the year $ 3,559 $ 3,796 Interest cost on projected benefit obligations 3,504 3,178 Expected return on plan assets (4,734 ) (4,864 ) Net amortization and deferral 1,259 1,542 Net periodic pension cost $ 3,588 $ 3,652 Pension costs recorded to expense were $965,000 and $1,010,000 for the three-month periods ended September 30, 2016 and 2015, respectively, and totaled $2,724,000 and $2,978,000 for the nine-month periods ended September 30, 2016 and 2015, respectively. Pension costs decreased in 2016 due to an increase in the discount rate assumption and the use of the updated mortality tables. The Company made no contribution to the plan during the nine-month period ended September 30, 2016 and is evaluating the amount of additional contributions, if any, in the remainder of 2016. In addition to the above funded benefit plan, the Company has an unfunded supplemental executive retirement plan which covers key executives of the Company. This is a noncontributory plan in which the Company and its subsidiaries make accruals designed to fund normal service costs on a current basis using the same method and criteria as its defined benefit plan. The following table represents the components of the net periodic pension costs for 2015 and an estimate for 2016: Estimated Actual (In thousands) 2016 2015 Service cost – benefits earned during the year $ 133 $ 140 Interest cost on projected benefit obligation 367 348 Net amortization 295 654 Net periodic pension cost $ 795 $ 1,142 Pension costs recorded to expense were $201,000 and $286,000 for the three-month periods ended September 30, 2016 and 2015, respectively, and were $604,000 and $857,000 for the nine-month periods ended September 30, 2016 and 2015, respectively.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes As of September 30, 2016, the Company’s unrecognized tax benefits were approximately $1,503,000, of which $1,124,000 would, if recognized, affect the Company’s effective tax rate. As of December 31, 2015, the Company’s unrecognized tax benefits were approximately $1,194,000, of which $861,000 would, if recognized, affect the Company’s effective tax rate. During the next 12 months, the Company may realize a reduction of its unrecognized tax benefits of approximately $374,000 due to the lapse of federal and state statutes of limitations. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. The Company had $86,000 and $54,000 of gross interest accrued as of September 30, 2016 and December 31, 2015, respectively. There were no penalties for unrecognized tax benefits accrued at September 30, 2016 and December 31, 2015. The Company is subject to income tax in the U.S. federal jurisdiction and numerous state jurisdictions. U.S. federal income tax returns for tax years 2012 through 2015 remain subject to examination by the Internal Revenue Service. In addition, the Company is subject to state tax examinations for the tax years 2012 through 2015.

Investment in Securities

Investment in Securities	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investment in Securities	Note 11 – Investment in Securities Investment securities available-for-sale are recorded at fair value on a recurring basis. The Company’s investment securities available-for-sale are measured at fair value using Level 2 valuations. The market evaluation utilizes several sources which include “observable inputs” rather than “significant unobservable inputs” and therefore fall into the Level 2 category. The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: September 30, 2016 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 348,829 $ 17,350 $ 174 $ 366,005 U.S. government agencies 8,159 12 1 8,170 Certificates of deposit 8,496 — — 8,496 Total $ 365,484 $ 17,362 $ 175 $ 382,671 December 31, 2015 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 356,531 $ 12,552 $ 13 $ 369,070 Certificates of deposit 6,626 — — 6,626 Total $ 363,157 $ 12,552 $ 13 $ 375,696 The fair values of securities with unrealized losses are as follows: September 30, 2016 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political $ 19,000 $ 174 $ — $ — $ 19,000 $ 174 subdivisions U.S. government agencies 3,095 1 — — 3,095 1 Certificates of deposit — — — — — — Total $ 22,095 $ 175 $ — $ — $ 22,095 $ 175 December 31, 2015 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political $ 3,638 $ 5 $ 1,208 $ 8 $ 4,846 $ 13 subdivisions Certificates of deposit — — — — — — Total $ 3,638 $ 5 $ 1,208 $ 8 $ 4,846 $ 13 There were 16 securities, or 5% of the total (none greater than 12 months), in an unrealized loss position as of September 30, 2016. There were 5 securities, or 1% of the total (1 greater than 12 months), in an unrealized loss position as of December 31, 2015. All unrealized losses were reviewed to determine whether the losses were other than temporary. Management believes that all unrealized losses are temporary since they were market driven, and it is more likely than not that the Company will not be required to sell prior to recovery of the amortized basis. The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. September 30, 2016 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 36,857 $ 37,215 Due after 1 year through 5 years 56,860 58,725 Due after 5 years through 10 years 146,015 155,834 Due after 10 years 125,752 130,897 Total $ 365,484 $ 382,671 Proceeds from sales of investment securities classified as available for sale were $0 and $33,395,000 for the three months ended September 30, 2016 and 2015, respectively, and were $21,491,000 and $99,347,000 for the nine months ended September 30, 2016 and 2015, respectively. Gross realized gains were $0 and $1,271,000 for the three months ended September 30, 2016 and 2015, respectively, and were $387,000 and $2,910,000 for the nine months ended September 30, 2016 and 2015, respectively. There was one security totaling $3,750,000 pledged to secure public deposits and for other purposes at September 30, 2016.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 12 – Fair Value of Financial Instruments Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: September 30, 2016 December 31, 2015 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 303,103 $ 303,103 $ 253,172 $ 253,172 Investment securities 382,671 382,671 375,696 375,696 Loans, net 674,201 678,185 647,420 649,161 Accrued interest receivable 5,498 5,498 6,647 6,647 Total $ 1,365,473 $ 1,369,457 $ 1,282,935 $ 1,284,676 Balance sheet liabilities: Deposits $ 624,013 $ 624,367 $ 646,484 $ 646,892 Accounts and drafts payable 682,762 682,762 577,259 577,259 Accrued interest payable 40 40 35 35 Total $ 1,306,815 $ 1,307,169 $ 1,223,778 $ 1,224,186 The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value: Cash and Cash Equivalents – Investment in Securities – The fair value is measured on a recurring basis using Level 2 valuations. Refer to Note 11, “Investment in Securities,” for fair value and unrealized gains and losses by investment type. Loans – The fair value is estimated using present values of future cash flows discounted at risk-adjusted interest rates for each loan category designated by management and is therefore a Level 3 valuation. Management believes that the risk factor embedded in the interest rates along with the allowance for loan losses result in a fair valuation. Impaired loans are valued using the fair value of the collateral which is based upon an observable market price or a current appraised value and therefore, the fair value is a nonrecurring Level 3 valuation. Accrued Interest Receivable – The carrying amount approximates fair value. Deposits – The fair value of demand deposits, savings deposits and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities and therefore, is a Level 2 valuation. The fair value estimates above do not include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market or the benefit derived from the customer relationship inherent in existing deposits. Accounts and Drafts Payable – The carrying amount approximates fair value. Accrued Interest – The carrying amount approximates fair value. There were no transfers between Levels 1 and 2 of the fair value hierarchy for the nine months ended September 30, 2016 and 2015. No financial instruments are measured using Level 3 inputs for the nine months ended September 30, 2016 and 2015.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events In accordance with FASB ASC 855, “Subsequent Events,” the Company has evaluated subsequent events after the consolidated balance sheet date of September 30, 2016, and there were no events identified that would require additional disclosures to prevent the Company’s unaudited consolidated financial statements from being misleading.

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Company's Intangible Assets	Details of the Company’s intangible assets are as follows: September 30, 2016 December 31, 2015 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 3,933 $ (2,262 ) $ 3,933 $ (2,023 ) Patents 72 (7 ) 72 (4 ) Non-compete agreements 261 (248 ) 261 (209 ) Software 234 (234 ) 234 (234 ) Other 500 (150 ) 500 (125 ) Unamortized intangible assets: Goodwill 1 11,817 (227 ) 11,817 (227 ) Total intangible assets $ 16,817 $ (3,128 ) $ 16,817 $ (2,822 ) 1 .

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	There were no anti-dilutive shares in the nine months ended September 30, 2016 and 2015. The calculations of basic and diluted earnings per share are as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands except share and per share data) 2016 2015 2016 2015 Basic Net income $ 6,222 $ 5,880 $ 17,924 $ 16,967 Weighted-average common shares outstanding 11,110,824 11,329,002 11,159,469 11,385,680 Basic earnings per share $ .56 $ .52 $ 1.61 $ 1.49 Diluted Net income $ 6,222 $ 5,880 $ 17,924 $ 16,967 Weighted-average common shares outstanding 11,110,824 11,329,002 11,159,469 11,385,680 Effect of dilutive restricted stock and stock appreciation rights 158,541 158,177 155,112 161,005 Weighted-average common shares outstanding assuming dilution assuming dilution 11,269,365 11,487,179 11,314,581 11,546,685 Diluted earnings per share $ .55 $ .51 $ 1.58 $ 1.47

Industry Segment Information (T

Industry Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Summary of Company's Operations in Each Segment	Summarized information about the Company’s operations in each industry segment is as follows: Corporate, Information Banking Eliminations (In thousands) Services Services and Other Total Three Months Ended September 30, 2016 Fee revenue and other income: Income from customers $ 25,090 $ 6,538 $ — $ 31,628 Intersegment income (expense) 2,797 416 (3,213 ) — Net income 3,806 2,416 — 6,222 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,099 — — 2,099 Total assets 808,568 742,933 (3,848 ) 1,547,653 Three Months Ended September 30, 2015 Fee revenue and other income Income from customers $ 24,694 $ 5,903 $ — $ 30,597 Intersegment income (expense) 2,310 410 (2,720 ) — Net income 3,961 1,919 — 5,880 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,507 — — 2,507 Total assets 751,264 713,173 (30,917 ) 1,433,520 Nine Months Ended September 30, 2016 Fee revenue and other income: Income from customers $ 73,084 $ 20,276 $ — $ 93,360 Intersegment income (expense) 8,870 1,195 (10,065 ) — Net income 10,231 7,693 — 17,924 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,099 — — 2,099 Total assets 808,568 742,933 (3,848 ) 1,547,653 Nine Months Ended September 30, 2015 Fee revenue and other income Income from customers $ 73,120 $ 17,390 $ — $ 90,510 Intersegment income (expense) 6,854 1,266 (8,120 ) — Net income 11,368 5,599 — 16,967 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,507 — — 2,507 Total assets 751,264 713,173 (30,917 ) 1,433,520

Loans by Type (Tables)

Loans by Type (Tables)	9 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: September 30, December 31, (In thousands) 2016 2015 Commercial and industrial $ 213,060 $ 193,430 Real estate Commercial: Mortgage 102,569 108,836 Construction 13,704 1,182 Church, church-related: Mortgage 322,800 306,728 Construction 15,094 28,957 Industrial Revenue Bonds 17,390 19,831 Other 257 91 Total loans $ 684,874 $ 659,055
Schedule of the Aging Loans by Loan Categories	The following table presents the aging of loans by loan categories at September 30, 2016 and December 31, 2015: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans September 30, 2016 Commercial and industrial $ 213,060 $ — $ — $ — $ — $ 213,060 Real estate Commercial: Mortgage 102,309 — — — 260 102,569 Construction 13,704 — — — — 13,704 Church, church-related: Mortgage 321,631 105 — 984 80 322,800 Construction 15,094 — — — — 15,094 Industrial Revenue Bonds 17,390 — — — — 17,390 Other 257 — — — — 257 Total $ 683,445 $ 105 $ — $ 984 $ 340 $ 684,874 December 31, 2015 Commercial and industrial $ 193,430 $ — $ — $ — $ — $ 193,430 Real estate Commercial: Mortgage 105,804 — — — 3,032 108,836 Construction 1,182 — — — — 1,182 Church, church-related: Mortgage 306,625 — — — 103 306,728 Construction 28,957 — — — — 28,957 Industrial Revenue Bonds 19,831 — — — — 19,831 Other 91 — — — — 91 Total $ 655,920 $ — $ — $ — $ 3,135 $ 659,055
Schedule of Credit Exposure of the Loan Portfolio	The following table presents the credit exposure of the loan portfolio as of September 30, 2016 and December 31, 2015: Loans Performing Nonperforming Subject to Loans Subject to Loans Subject Normal Special to Special (In thousands) Monitoring 1 Monitoring 2 Monitoring 2 Total Loans September 30, 2016 Commercial and industrial $ 210,824 $ 2,236 $ — $ 213,060 Real estate Commercial: Mortgage 101,238 1,071 260 102,569 Construction 13,704 — — 13,704 Church, church-related: Mortgage 315,516 7,204 80 322,800 Construction 15,094 — — 15,094 Industrial Revenue Bonds 17,390 — — 17,390 Other 257 — — 257 Total $ 674,023 $ 10,511 $ 340 $ 684,874 December 31, 2015 Commercial and industrial $ 190,303 $ 3,127 $ — $ 193,430 Real estate Commercial: Mortgage 104,642 1,162 3,032 108,836 Construction 1,182 — — 1,182 Church, church-related: Mortgage 299,135 7,490 103 306,728 Construction 28,957 — — 28,957 Industrial Revenue Bonds 19,831 — — 19,831 Other 91 — — 91 Total $ 644,141 $ 11,779 $ 3,135 $ 659,055 1 2
Schedule of Recorded Investment and Unpaid Principal Balance for Impaired Loans	The following table presents the recorded investment and unpaid principal balance for impaired loans at September 30, 2016 and December 31, 2015: Unpaid Related Recorded Principal Allowance for (In thousands) Investment Balance Loan Losses September 30, 2016 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 260 260 — Church – Mortgage: Nonaccrual 80 80 80 Total impaired loans $ 340 $ 340 $ 80 December 31, 2015 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 3,032 3,032 1,039 Church – Mortgage: Nonaccrual 103 103 103 Total impaired loans $ 3,135 $ 3,135 $ 1,142
Summary of the Allowance for Loan Losses	A summary of the activity in the allowance for loan losses from December 31, 2015 to September 30, 2016 is as follows: December 31, Charge- September 30, (In thousands) 2015 Offs Recoveries Provision 2016 Commercial and industrial $ 3,083 $ — $ 38 $ 217 $ 3,338 Real estate Commercial: Mortgage 2,803 — — (1,179 ) 1,624 Construction 9 — — 93 102 Church, church-related: Mortgage 4,082 — — 48 4,130 Construction 217 — — (102 ) 115 Industrial Revenue Bonds 320 — — (47 ) 273 Other 1,121 — — (30 ) 1,091 Total $ 11,635 $ — $ 38 $ (1,000 ) $ 10,673 A summary of the activity in the allowance for loan losses from December 31, 2014 to September 30, 2015 is as follows: December 31, Charge- September 30, (In thousands) 2014 Offs Recoveries Provision 2015 Commercial and industrial $ 3,515 $ 30 $ 10 $ (133 ) $ 3,362 Real estate Commercial: Mortgage 3,060 — 5 (3 ) 3,062 Construction — — — 1 1 Church, church-related: Mortgage 4,016 — 2 127 4,145 Construction 140 — — 10 150 Industrial Revenue Bonds 394 — — (50 ) 344 Other 769 — 1 48 818 Total $ 11,894 $ 30 $ 18 $ 0 $ 11,882

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Cash Obligation of Operating Lease Commitments	The following table summarizes contractual cash obligations of the Company related to operating lease commitments and time deposits at September 30, 2016: Amount of Commitment Expiration per Period Less than 1-3 3-5 Over 5 (In thousands) Total 1 Year Years Years Years Operating lease commitments $ 6,119 $ 1,416 $ 2,192 $ 1,605 $ 906 Time deposits 56,523 49,340 4,967 2,216 — Total $ 62,642 $ 50,756 $ 7,159 $ 3,821 $ 906

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Restricted Stock Activity	Following is a summary of the activity of the restricted stock: Nine Months Ended September 30, 2016 Shares Fair Value Balance at December 31, 2015 69,041 $ 51.33 Granted 35,330 $ 50.02 Vested (29,268 ) $ 50.89 Forfeited (765 ) $ 51.87 Balance at September 30, 2016 74,338 $ 50.87
Summary of SARs Activity	Following is a summary of the activity of the Company’s SARs program for the nine-month period ended September 30, 2016: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2015 307,323 $ 36.57 5.99 $ 4,577 Exercised (32,391 ) $ 33.48 Outstanding at September 30, 2016 274,932 $ 36.93 5.27 $ 5,421 Exercisable at September 30, 2016 262,768 $ 35.79 5.17 $ 5,482
Summary of Non-vested SARs Activity	Following is a summary of the activity of the non-vested SARs during the nine-month period ended September 30, 2016: Weighted-Average Shares Grant Date Fair Value Non-vested at December 31, 2015 52,507 $ 51.17 Vested (40,343 ) $ 48.02 Non-vested at September 30, 2016 12,164 $ 61.64

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Periodic Pension Costs	The following table represents the components of the net periodic pension costs for 2015 and an estimate for 2016: Estimated Actual (In thousands) 2016 2015 Service cost – benefits earned during the year $ 3,559 $ 3,796 Interest cost on projected benefit obligations 3,504 3,178 Expected return on plan assets (4,734 ) (4,864 ) Net amortization and deferral 1,259 1,542 Net periodic pension cost $ 3,588 $ 3,652
Schedule of Unfunded Supplemental Executive Retirement Plan	The following table represents the components of the net periodic pension costs for 2015 and an estimate for 2016: Estimated Actual (In thousands) 2016 2015 Service cost – benefits earned during the year $ 133 $ 140 Interest cost on projected benefit obligation 367 348 Net amortization 295 654 Net periodic pension cost $ 795 $ 1,142

Investment in Securities (Table

Investment in Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The amortized cost, gross unrealized gains, gross unrealized losses and fair value of investment securities are summarized as follows: September 30, 2016 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 348,829 $ 17,350 $ 174 $ 366,005 U.S. government agencies 8,159 12 1 8,170 Certificates of deposit 8,496 — — 8,496 Total $ 365,484 $ 17,362 $ 175 $ 382,671 December 31, 2015 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 356,531 $ 12,552 $ 13 $ 369,070 Certificates of deposit 6,626 — — 6,626 Total $ 363,157 $ 12,552 $ 13 $ 375,696
Schedule of the Fair Value of Securities with Unrealized Losses	The fair values of securities with unrealized losses are as follows: September 30, 2016 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political $ 19,000 $ 174 $ — $ — $ 19,000 $ 174 subdivisions U.S. government agencies 3,095 1 — — 3,095 1 Certificates of deposit — — — — — — Total $ 22,095 $ 175 $ — $ — $ 22,095 $ 175 December 31, 2015 Less than 12 months 12 months or more Total Estimated Unrealized Estimated Unrealized Estimated Unrealized (In thousands) Fair Value Losses Fair Value Losses Fair Value Losses State and political $ 3,638 $ 5 $ 1,208 $ 8 $ 4,846 $ 13 subdivisions Certificates of deposit — — — — — — Total $ 3,638 $ 5 $ 1,208 $ 8 $ 4,846 $ 13
Schedule of Amortized Cost and Fair Value of Investment	The amortized cost and fair value of investment securities by contractual maturity are shown in the following table. Expected maturities may differ from contractual maturities because borrowers have the right to prepay obligations with or without prepayment penalties. September 30, 2016 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 36,857 $ 37,215 Due after 1 year through 5 years 56,860 58,725 Due after 5 years through 10 years 146,015 155,834 Due after 10 years 125,752 130,897 Total $ 365,484 $ 382,671

Fair Value of Financial Instr28

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Summary of the Fair Value of Financial Instruments	Following is a summary of the carrying amounts and fair values of the Company’s financial instruments: September 30, 2016 December 31, 2015 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 303,103 $ 303,103 $ 253,172 $ 253,172 Investment securities 382,671 382,671 375,696 375,696 Loans, net 674,201 678,185 647,420 649,161 Accrued interest receivable 5,498 5,498 6,647 6,647 Total $ 1,365,473 $ 1,369,457 $ 1,282,935 $ 1,284,676 Balance sheet liabilities: Deposits $ 624,013 $ 624,367 $ 646,484 $ 646,892 Accounts and drafts payable 682,762 682,762 577,259 577,259 Accrued interest payable 40 40 35 35 Total $ 1,306,815 $ 1,307,169 $ 1,223,778 $ 1,224,186

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 101	$ 103	$ 305	$ 306
2,016	408		408
2,017	356		356
2,018	356		356
2,019	356		356
2,020	$ 356		$ 356
Customer Lists [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			7 years
Customer Lists [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			10 years
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			18 years
Non-compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			5 years
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			3 years
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			15 years

Intangible Assets (Schedule of

Intangible Assets (Schedule of Company's Intangible Assets) (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Unamortized intangible assets:
Goodwill, Gross Carrying Amount	[1]	$ 11,817	$ 11,817
Goodwill, Accumulated Amortization	[1]	(227)	(227)
Total intangible assets		16,817	16,817
Accumulated Amortization		(3,128)	(2,822)
Customer Lists [Member]
Assets eligible for amortization:
Gross Carrying Amount		3,933	3,933
Accumulated Amortization		(2,262)	(2,023)
Patents [Member]
Assets eligible for amortization:
Gross Carrying Amount		72	72
Accumulated Amortization		(7)	(4)
Non-compete Agreements [Member]
Assets eligible for amortization:
Gross Carrying Amount		261	261
Accumulated Amortization		(248)	(209)
Software [Member]
Assets eligible for amortization:
Gross Carrying Amount		234	234
Accumulated Amortization		(234)	(234)
Other [Member]
Assets eligible for amortization:
Gross Carrying Amount		500	500
Accumulated Amortization		$ (150)	$ (125)
[1]	Amortization through December 31, 2001 prior to adoption of FASB ASC 350.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Basic
Net income	$ 6,222	$ 5,880	$ 17,924	$ 16,967
Weighted-average common shares outstanding	11,110,824	11,329,002	11,159,469	11,385,680
Basic earnings per share	$ 0.56	$ 0.52	$ 1.61	$ 1.49
Diluted
Net Income	$ 6,222	$ 5,880	$ 17,924	$ 16,967
Weighted-average common shares outstanding	11,110,824	11,329,002	11,159,469	11,385,680
Effect of dilutive restricted stock and stock appreciation rights	158,541	158,177	155,112	161,005
Weighted-average common shares outstanding assuming dilution	11,269,365	11,487,179	11,314,581	11,546,685
Diluted earnings per share	$ .55	$ .51	$ 1.58	$ 1.47

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
Number of shares authorized to be repurchased	500,000		500,000
Shares repurchased	0	68,105	187,123	192,690
Remaining number of shares available for repurchase	301,156		301,156

Industry Segment Information (D

Industry Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Fee revenue and other income:
Income from customers	$ 31,628	$ 30,597	$ 93,360	$ 90,510
Intersegment income (expense)
Net income	6,222	5,880	17,924	16,967
Goodwill	11,590	11,590	11,590	11,590	$ 11,590
Other intangible assets, net	2,099	2,507	2,099	2,507
Total assets	1,547,653	1,433,520	1,547,653	1,433,520	$ 1,455,506
Information Services [Member]
Fee revenue and other income:
Income from customers	25,090	24,694	73,084	73,120
Intersegment income (expense)	2,797	2,310	8,870	6,854
Net income	3,806	3,961	10,231	11,368
Goodwill	11,454	11,454	11,454	11,454
Other intangible assets, net	2,099	2,507	2,099	2,507
Total assets	808,568	751,264	808,568	751,264
Banking Services [Member]
Fee revenue and other income:
Income from customers	6,538	5,903	20,276	17,390
Intersegment income (expense)	416	410	1,195	1,266
Net income	2,416	1,919	7,693	5,599
Goodwill	136	136	136	136
Other intangible assets, net
Total assets	742,933	713,173	742,933	713,173
Corporate Eliminations and Other [Member]
Fee revenue and other income:
Income from customers
Intersegment income (expense)	(3,213)	(2,720)	(10,065)	(8,120)
Net income
Goodwill
Other intangible assets, net
Total assets	$ (3,848)	$ (30,917)	$ (3,848)	$ (30,917)

Loans by Type (Narrative) (Deta

Loans by Type (Narrative) (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2014
Receivables [Abstract]
Foreclosed loans amount

Loans by Type (Summary of Loan

Loans by Type (Summary of Loan Categories) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Participating Mortgage Loans [Line Items]
Loans	$ 684,874	$ 659,055
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans	213,060	193,430
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	102,569	108,836
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	13,704	1,182
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	322,800	306,728
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	15,094	28,957
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Loans	17,390	19,831
Other Loan [Member]
Participating Mortgage Loans [Line Items]
Loans	$ 257	$ 91

Loans by Type (Schedule of the

Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Participating Mortgage Loans [Line Items]
Current	$ 683,445	$ 655,920
Nonaccrual	340	3,135
Loans	684,874	659,055
Current [Member]
Participating Mortgage Loans [Line Items]
Current	683,445	655,920
30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due	105
60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due	984
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	213,060	193,430
Commercial and Industrial [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	213,060	193,430
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Commercial and Industrial [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	260	3,032
Loans	102,569	108,836
Real Estate Commercial Mortgage [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	102,309	105,804
Real Estate Commercial Mortgage [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Commercial Mortgage [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Commercial Mortgage [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	13,704	1,182
Real Estate Commercial Construction [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	13,704	1,182
Real Estate Commercial Construction [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Commercial Construction [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Commercial Construction [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	80	103
Loans	322,800	306,728
Real Estate Church Related Mortgage [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	321,631	306,625
Real Estate Church Related Mortgage [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due	105
Real Estate Church Related Mortgage [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Church Related Mortgage [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due	984
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	15,094	28,957
Real Estate Church Related Construction [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	15,094	28,957
Real Estate Church Related Construction [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Church Related Construction [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Real Estate Church Related Construction [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	17,390	19,831
Industrial Revenue Bonds [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	17,390	19,831
Industrial Revenue Bonds [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Industrial Revenue Bonds [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Industrial Revenue Bonds [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
Other [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	257	91
Other [Member] | Current [Member]
Participating Mortgage Loans [Line Items]
Current	257	91
Other [Member] | 30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Other [Member] | 60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
Other [Member] | 90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due

Loans by Type (Schedule of th37

Loans by Type (Schedule of the Credit Exposure of the Loan Portfolio) (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Participating Mortgage Loans [Line Items]
Loans		$ 684,874	$ 659,055
Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	674,023	644,141
Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	10,511	11,779
Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	340	3,135
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans		213,060	193,430
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	210,824	190,303
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	2,236	3,127
Commercial and Industrial [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		102,569	108,836
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	101,238	104,642
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,071	1,162
Real Estate Commercial Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	260	3,032
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		13,704	1,182
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	13,704	1,182
Real Estate Commercial Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Commercial Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans		322,800	306,728
Real Estate Church Related Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	315,516	299,135
Real Estate Church Related Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	7,204	7,490
Real Estate Church Related Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	80	103
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		15,094	28,957
Real Estate Church Related Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	15,094	28,957
Real Estate Church Related Construction [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church Related Construction [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Loans		17,390	19,831
Industrial Revenue Bonds [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	17,390	19,831
Industrial Revenue Bonds [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Industrial Revenue Bonds [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other [Member]
Participating Mortgage Loans [Line Items]
Loans		257	91
Other [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	257	91
Other [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
[1]	Loans subject to normal monitoring involve borrowers of acceptable-to-strong credit quality and risk, who have the apparent ability to satisfy their loan obligations.
[2]	Loans subject to special monitoring possess some credit deficiency or potential weakness which requires a high level of management attention.

Loans by Type (Schedule of Reco

Loans by Type (Schedule of Recorded Investment and Unpaid Principal for Impaired Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Participating Mortgage Loans [Line Items]
Nonaccrual	$ 340	$ 3,135
Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	340	3,135
Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	340	3,135
Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	80	1,142
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Commercial and Industrial [Member] | Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Commercial and Industrial [Member] | Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Commercial and Industrial [Member] | Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	260	3,032
Real Estate Commercial Mortgage [Member] | Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	260	3,032
Real Estate Commercial Mortgage [Member] | Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	260	3,032
Real Estate Commercial Mortgage [Member] | Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual		1,039
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	80	103
Real Estate Church Related Mortgage [Member] | Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	80	103
Real Estate Church Related Mortgage [Member] | Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	80	103
Real Estate Church Related Mortgage [Member] | Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	$ 80	$ 103

Loans by Type (Summary of Allow

Loans by Type (Summary of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Participating Mortgage Loans [Line Items]
Beginning Balance	$ 11,635	$ 11,894
Charge-Offs		30
Recoveries	38	18
Provision	(1,000)	0
Ending Balance	10,673	11,882
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,083	3,515
Charge-Offs		30
Recoveries	38	10
Provision	217	(133)
Ending Balance	3,338	3,362
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	2,803	3,060
Charge-Offs
Recoveries		5
Provision	(1,179)	(3)
Ending Balance	1,624	3,062
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	9
Charge-Offs
Recoveries
Provision	93	1
Ending Balance	102	1
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	4,082	4,016
Charge-Offs
Recoveries		2
Provision	48	127
Ending Balance	4,130	4,145
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	217	140
Charge-Offs
Recoveries
Provision	(102)	10
Ending Balance	115	150
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	320	394
Charge-Offs
Recoveries
Provision	(47)	(50)
Ending Balance	273	344
Other [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	1,121	769
Charge-Offs
Recoveries		1
Provision	(30)	48
Ending Balance	$ 1,091	$ 818

Commitments and Contingencies40

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Unused loan commitments	$ 15,976	$ 11,755
Standby letters of credit	14,238	11,581
Commercial letters of credit	$ 1,820	$ 1,857

Commitments and Contingencies41

Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) $ in Thousands	Sep. 30, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease commitments, Less than 1 Year	$ 1,416
Operating lease commitments, 1 to 3 Years	2,192
Operating lease commitments, 3 to 5 Years	1,605
Operating lease commitments, Over 5 Years	906
Operating lease commitments, Total	6,119
Time Deposits, Less than 1 Year	49,340
Time Deposits, 1 to 3 Years	4,967
Time Deposits, 3 to 5 Years	2,216
Time Deposits, over 5 Years
Time Deposits, Total	56,523
Commitments, Less than 1 Year	50,756
Commitments, 1 to 3 Years	7,159
Commitments, 3 to 5 Years	3,821
Commitments, Over 5 Years	906
Commitments, Total	$ 62,642

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Incentive Plan, shares authorized	1,500,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 2,120,000
Remaining vesting period	9 months 18 days
Vesting period	3 years
Granted, Shares	35,330
SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 74,000
Remaining vesting period	3 months 18 days
Vesting period	3 years
Granted, Shares	0

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Shares
Beginning balance | shares	69,041
Granted | shares	35,330
Vested | shares	(29,268)
Forfeited | shares	(765)
Ending balance | shares	74,338
Fair Value
Beginning balance | $ / shares	$ 51.33
Granted | $ / shares	50.02
Vested | $ / shares	50.89
Forfeited | $ / shares	51.87
Ending balance | $ / shares	$ 50.87

Stock-Based Compensation (Sum44

Stock-Based Compensation (Summary of Company's SARs Activity) (Details) - SARs [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	307,323
Exercised	(32,391)
Ending balance	274,932	307,323
Exercisable	262,768
Outstanding, Weighted Average Exercise Price	$ 36.57
Exercised, Weighted Average Exercise Price	33.48
Outstanding, Weighted Average Exercise Price	36.93	$ 36.57
Exercisable, Weighted Average Exercise Price	$ 35.79
Outstanding, Average Remaining Contractual Term Years	5 years 3 months 7 days	5 years 11 months 27 days
Exercisable, Average Remaining Contractual Term Years	5 years 2 months 1 day
Outstanding, Aggregate Intrinsic Value	$ 4,577
Outstanding, Aggregate Intrinsic Value	5,421	$ 4,577
Exercisable, Aggregate Intrinsic Value	$ 5,482

Stock-Based Compensation (Sum45

Stock-Based Compensation (Summary of Company's Non-vested SARs Activity) (Details) - SARs [Member]	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, beginning, Shares | shares	52,507
Vested | shares	(40,343)
Non-vested, ending, Shares | shares	12,164
Beginning balance | $ / shares	$ 51.17
Vested | $ / shares	48.02
Ending balance | $ / shares	$ 61.64

Defined Pension Plans (Narrativ

Defined Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Pension period			30 years
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 965	$ 1,010	$ 2,724	$ 2,978
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 201	$ 286	$ 604	$ 857

Defined Pension Plans (Schedule

Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 3,559	$ 3,796
Interest cost on projected benefit obligations	3,504	3,178
Expected return on plan assets	(4,734)	(4,864)
Net amortization and deferral	1,259	1,542
Net periodic pension cost	3,588	3,652
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	133	140
Interest cost on projected benefit obligations	367	348
Net amortization and deferral	295	654
Net periodic pension cost	$ 795	$ 1,142

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 1,503	$ 1,194
Amounts of tax benefits that would affect effective tax rate if recognized	1,124	861
Income tax accrued interest	86	$ 54
Statute of limitations	$ 374

Investment in Securities (Narra

Investment in Securities (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Number of securities that had an unrealized loss	16		16		5
Percentage of total securities	5.00%		5.00%		1.00%
Proceeds from sales of securities available-for-sale	$ 0	$ 33,395	$ 21,491	$ 99,347
Gross realized gains	0	$ 1,271	387	$ 2,910
Securities pledged as collateral	$ 3,750		$ 3,750

Investment in Securities (Sched

Investment in Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investment [Line Items]
Amortized Cost	$ 365,484	$ 363,157
Gross Unrealized Gains	17,362	12,552
Gross Unrealized Losses	175	13
Fair Value	382,671	375,696
State and Political Subdivisions [Member]
Investment [Line Items]
Amortized Cost	348,829	356,531
Gross Unrealized Gains	17,350	12,552
Gross Unrealized Losses	174	13
Fair Value	366,005	369,070
U.S. government agencies [Member]
Investment [Line Items]
Amortized Cost	8,159
Gross Unrealized Gains	12
Gross Unrealized Losses	1
Fair Value	8,170
Certificates of Deposit [Member]
Investment [Line Items]
Amortized Cost	8,496	6,626
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value	$ 8,496	$ 6,626

Investment in Securities (Sch51

Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investment [Line Items]
Estimated fair value, less than 12 months	$ 22,095	$ 3,638
Estimated fair value, 12 months or more		1,208
Estimated fair value, total	22,095	4,846
Unrealized losses, less than 12 months	175	5
Unrealized losses, 12 months or more		8
Unrealized losses, total	175	13
State and Political Subdivisions [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	19,000	3,638
Estimated fair value, 12 months or more		1,208
Estimated fair value, total	19,000	4,846
Unrealized losses, less than 12 months	174	5
Unrealized losses, 12 months or more		8
Unrealized losses, total	174	13
U.S. government agencies [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	3,095
Estimated fair value, 12 months or more
Estimated fair value, total	3,095
Unrealized losses, less than 12 months	1
Unrealized losses, 12 months or more
Unrealized losses, total	1
Certificates of Deposit [Member]
Investment [Line Items]
Estimated fair value, less than 12 months
Estimated fair value, 12 months or more
Estimated fair value, total
Unrealized losses, less than 12 months
Unrealized losses, 12 months or more
Unrealized losses, total

Investment in Securities (Sch52

Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in 1 year or less	$ 36,857
Amortized Cost, Due after 1 year through 5 years	56,860
Amortized Cost, Due after 5 years through 10 years	146,015
Amortized Cost, Due after 10 years	125,752
Amortized Cost, Total	365,484
Fair Value, Due in 1 year or less	37,215
Fair Value, Due after 1 year through 5 years	58,725
Fair Value, Due after 5 years through 10 years	155,834
Fair Value, Due after 10 years	130,897
Fair Value, Total	$ 382,671	$ 375,696

Fair Value of Financial Instr53

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 303,103	$ 253,172	$ 226,082	$ 294,335
Investment securities, Carrying Amount	382,671	375,696
Loans, net, Carrying Amount	674,201	647,420
Accrued interest receivable, Carrying Amount	5,498	6,647
Assets, Carrying Amount	1,365,473	1,282,935
Cash and cash equivalents, Fair Value	303,103	253,172
Investment securities, Fair Value	382,671	375,696
Loans, net, Fair Value	678,185	649,161
Accrued interest receivable, Fair Value	5,498	6,647
Assets, Fair Value	1,369,457	1,284,676
Deposits, Carrying Amount	624,013	646,484
Accounts and drafts payable, Carrying Amount	682,762	577,259
Accrued interest payable, Carrying Amount	40	35
Liabilities, Carrying Amount	1,306,815	1,223,778
Deposits, Fair Value	624,367	646,892
Accounts and drafts payable, Fair Value	682,762	577,259
Accrued interest payable, Fair Value	40	35
Liabilities, Fair Value	$ 1,307,169	$ 1,224,186