Cass Information Systems (CASS) 10-Q 4 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 28, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
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		11,203,801

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 14,538	$ 11,814
Interest-bearing deposits in other financial institutions	99,984	136,852
Federal funds sold and other short-term investments	186,538	118,077
Cash and cash equivalents	301,060	266,743
Securities available-for-sale, at fair value	431,979	390,552
Loans	671,683	664,866
Less: Allowance for loan losses	10,196	10,175
Loans, net	661,487	654,691
Premises and equipment, net	21,259	21,086
Investment in bank-owned life insurance	16,692	16,445
Payments in excess of funding	111,435	105,347
Goodwill	12,569	11,590
Other intangible assets, net	2,217	1,997
Other assets	34,584	36,388
Total assets	1,593,282	1,504,839
Deposits:
Noninterest-bearing	201,942	214,656
Interest-bearing	403,097	407,305
Total deposits	605,039	621,961
Accounts and drafts payable	729,403	642,287
Other liabilities	37,482	32,556
Total liabilities	1,371,924	1,296,804
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 June 30, 2017 and December 31, 2016	5,966	5,966
Additional paid-in capital	128,478	128,455
Retained earnings	126,032	118,363
Common shares in treasury, at cost (727,346 shares at June 30, 2017 and 742,681 shares at December 31, 2016)	(29,922)	(30,206)
Accumulated other comprehensive loss	(9,196)	(14,543)
Total shareholders' equity	221,358	208,035
Total liabilities and shareholders' equity	$ 1,593,282	$ 1,504,839

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value per share	$ 0.50	$ .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	$ .50
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	11,931,147	11,931,147
Treasury stock, shares	727,346	742,681

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fee Revenue and Other Income:
Information services payment and processing revenue	$ 23,282	$ 20,880	$ 45,571	$ 40,425
Bank service fees	389	289	671	647
Gains on sales of securities		79		387
Other	129	209	329	503
Total fee revenue and other income	23,800	21,457	46,571	41,962
Interest Income:
Interest and fees on loans	7,104	7,316	14,057	14,447
Interest and dividends on securities:
Taxable	84	21	161	33
Exempt from federal income taxes	2,659	2,437	5,260	4,831
Interest on federal funds sold and other short-term investments	485	236	853	476
Total interest income	10,332	10,010	20,331	19,787
Interest Expense:
Interest on deposits	470	504	950	1,017
Net interest income	9,862	9,506	19,381	18,770
Provision for loan losses				(1,000)
Net interest income after provision for loan losses	9,862	9,506	19,381	19,770
Total net revenue	33,662	30,963	65,952	61,732
Operating Expense:
Personnel	19,162	18,102	37,961	35,948
Occupancy	889	866	1,731	1,700
Equipment	1,200	1,110	2,504	2,165
Amortization of intangible assets	108	102	207	204
Other operating expense	3,542	2,879	6,816	5,958
Total operating expense	24,901	23,059	49,219	45,975
Income before income tax expense	8,761	7,904	16,733	15,757
Income tax expense	2,248	2,035	3,913	4,055
Net income	$ 6,513	$ 5,869	$ 12,820	$ 11,702
Basic earnings per share	$ 0.58	$ 0.53	$ 1.15	$ 1.05
Diluted earnings per share	$ 0.58	$ 0.52	$ 1.13	$ 1.03

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Comprehensive Income:
Net income	$ 6,513	$ 5,869	$ 12,820	$ 11,702
Other comprehensive income:
Net unrealized gain on securities available-for-sale	5,832	4,538	8,345	8,212
Tax effect	(2,167)	(1,686)	(3,100)	(3,051)
Reclassification adjustments for gains included in net income		(79)		(387)
Tax effect		29		143
Foreign currency translation adjustments	94	(35)	102	11
Total comprehensive income	$ 10,272	$ 8,636	$ 18,167	$ 16,630

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows From Operating Activities:
Net income	$ 12,820	$ 11,702
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,471	4,613
Net gains on sales of securities		(387)
Stock-based compensation expense	1,097	985
Provision for loan losses		(1,000)
Decrease in income tax benefit		16
Increase in income tax liability	748	1,325
Increase in pension liability	2,310	2,010
Other operating activities, net	(978)	(1,512)
Net cash provided by operating activities	21,468	17,752
Cash Flows From Investing Activities:
Proceeds from sales of securities available-for-sale	0	21,491
Proceeds from maturities of securities available-for-sale	25,694	19,609
Purchase of securities available-for-sale	(62,279)	(28,053)
Net increase in loans	(6,796)	(39,042)
Increase in payments in excess of funding	(6,088)	(11,674)
Purchases of premises and equipment, net	(1,935)	(2,631)
Net cash used in investing activities	(51,404)	(40,300)
Cash Flows From Financing Activities:
Net (decrease) increase in noninterest-bearing demand deposits	(12,714)	13,813
Net decrease in interest-bearing demand and savings deposits	(1,077)	(27,575)
Net decrease in time deposits	(3,131)	(1,728)
Net increase in accounts and drafts payable	87,116	73,729
Cash dividends paid	(5,151)	(4,947)
Purchase of common shares for treasury		(9,217)
Other financing activities, net	(790)	(566)
Net cash provided by financing activities	64,253	43,509
Net increase in cash and cash equivalents	34,317	20,961
Cash and cash equivalents at beginning of period	266,743	253,172
Cash and cash equivalents at end of period	301,060	274,133
Supplemental information:
Cash paid for interest	956	1,009
Cash paid for income taxes	$ 3,152	$ 2,787

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
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, 2016 .

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2017
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. In March 2017, the Company completed an acquisition and recorded intangible assets of $1,406,000. Those intangible assets were valued as $980,000 for goodwill, $355,000 for the customer list and $71,000 for non-compete agreements. Details of the Company’s intangible assets are as follows: June 30, 2017 December 31, 2016 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 4,288 $ (2,517) $ 3,933 $ (2,342) Patents 72 (10) 72 (8) Non-compete agreements 332 (273) 261 (261) Software 234 (234) 234 (234) Other 500 (175) 500 (158) Unamortized intangible assets: Goodwill 1 12,796 (227) 11,817 (227) Total intangible assets $ 18,222 $ (3,436) $ 16,817 $ (3,230) 1 Amortization through December 31, 2001 prior to adoption of FASB ASC 350 . The customer lists are amortized over seven and ten years; the patents over 18 years; the non-compete agreements over two and five years; software over three years; and other intangible assets over fifteen years. Amortization of intangible assets amounted to $207,000 and $204,000 for the six-month periods ended June 30, 2017 and 2016, respectively. Estimated annual amortization of intangibles is as follows: $427,000 in 2017, $442,000 in 2018, $412,000 in 2019, and $406,000 in each of 2020 and 2021.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2017
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 three and six months ended June 30, 2017 and 2016. The calculations of basic and diluted earnings per share are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands except share and per share data) 2017 2016 2017 2016 Basic Net income $ 6,513 $ 5,869 $ 12,820 $ 11,702 Weighted-average common shares outstanding 11,153,260 11,134,559 11,145,996 11,184,058 Basic earnings per share $ .58 $ .53 $ 1.15 $ 1.05 Diluted Net income $ 6,513 $ 5,869 $ 12,820 $ 11,702 Weighted-average common shares outstanding 11,153,260 11,134,559 11,145,996 11,184,058 Effect of dilutive restricted stock and stock appreciation rights 168,241 153,459 167,460 153,379 Weighted-average common shares outstanding assuming dilution 11,321,501 11,288,018 11,313,456 11,337,437 Diluted earnings per share $ .58 $ .52 $ 1.13 $ 1.03

Stock Repurchases

Stock Repurchases	6 Months Ended
	Jun. 30, 2017
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 17, 2016, 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 111,241 shares during the three-month periods and 0 and 187,123 shares for the six-month periods ended June 30, 2017 and 2016, respectively. As of June 30, 2017, 500,000 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.

Industry Segment Information

Industry Segment Information	6 Months Ended
	Jun. 30, 2017
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, 2016. 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 June 30, 2017 Fee revenue and other income: Income from customers $ 26,749 $ 6,913 $ — $ 33,662 Intersegment income (expense) 3,049 383 (3,432 ) — Net income 3,932 2,581 — 6,513 Goodwill 12,433 136 — 12,569 Other intangible assets, net 2,217 — — 2,217 Total assets 863,562 742,659 (12,939 ) 1,593,282 Three Months Ended June 30, 2016 Fee revenue and other income Income from customers $ 24,436 $ 6,527 $ — $ 30,963 Intersegment income (expense) 2,815 403 (3,218 ) — Net income 3,478 2,391 — 5,869 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,201 — — 2,201 Total assets 777,312 753,333 (9,461 ) 1,521,184 Six Months Ended June 30, 2017 Fee revenue and other income: Income from customers $ 52,395 $ 13,557 $ — $ 65,952 Intersegment income (expense) 6,013 744 (6,757 ) — Net income 7,755 5,065 — 12,820 Goodwill 12,433 136 — 12,569 Other intangible assets, net 2,217 — — 2,217 Total assets 863,562 742,659 (12,939 ) 1,593,282 Six Months Ended June 30, 2016 Fee revenue and other income: Income from customers $ 47,994 $ 13,738 $ — $ 61,732 Intersegment income (expense) 6,073 779 (6,852 ) — Net income 6,425 5,277 — 11,702 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,201 — — 2,201 Total assets 777,312 753,333 (9,461 ) 1,521,184

Loans by Type

Loans by Type	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Loans by Type	Note 6 – Loans by Type A summary of loan categories is as follows: June 30, December 31, (In thousands) 2017 2016 Commercial and industrial $ 225,627 $ 214,767 Real estate Commercial: Mortgage 94,367 104,779 Construction 8,482 6,325 Church, church-related: Mortgage 325,906 321,168 Construction 12,214 11,152 Industrial revenue bonds 5,007 6,639 Other 80 36 Total loans $ 671,683 $ 664,866 The following table presents the aging of loans by loan categories at June 30, 2017 and December 31, 2016: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans June 30, 2017 Commercial and industrial $ 225,627 $ — $ — $ — $ — $ 225,627 Real estate Commercial: Mortgage 94,148 — — — 219 94,367 Construction 8,482 — — — — 8,482 Church, church-related: Mortgage 325,906 — — — — 325,906 Construction 12,214 — — — — 12,214 Industrial revenue bonds 5,007 — — — — 5,007 Other 80 — — — — 80 Total $ 671,464 $ — $ — $ — $ 219 $ 671,683 December 31, 2016 Commercial and industrial $ 214,767 $ — $ — $ — $ — $ 214,767 Real estate Commercial: Mortgage 104,534 — — — 245 104,779 Construction 6,325 — — — — 6,325 Church, church-related: Mortgage 321,168 — — — — 321,168 Construction 11,152 — — — — 11,152 Industrial revenue bonds 6,639 — — — — 6,639 Other 24 12 — — — 36 Total $ 664,609 $ 12 $ — $ — $ 245 $ 664,866 The following table presents the credit exposure of the loan portfolio by internally credit grade as of June 30, 2017 and December 31, 2016: Loans Performing Nonperforming Subject to Loans Subject to Loans Subject Normal Special to Special (In thousands) Monitoring 1 Monitoring 2 Monitoring 2 Total Loans June 30, 2017 Commercial and industrial $ 223,968 $ 1,659 $ — $ 225,627 Real estate Commercial: Mortgage 93,422 726 219 94,367 Construction 8,482 — — 8,482 Church, church-related: Mortgage 325,822 84 — 325,906 Construction 12,214 — — 12,214 Industrial Revenue Bonds 5,007 — — 5,007 Other 80 — — 80 Total $ 668,995 $ 2,469 $ 219 $ 671,683 December 31, 2016 Commercial and industrial $ 213,024 $ 1,743 $ — $ 214,767 Real estate Commercial: Mortgage 103,778 756 245 104,779 Construction 6,325 — — 6,325 Church, church-related: Mortgage 318,030 3,138 — 321,168 Construction 11,152 — — 11,152 Industrial revenue bonds 6,639 — — 6,639 Other 36 — — 36 Total $ 658,984 $ 5,637 $ 245 $ 664,866 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. 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 June 30, 2017 and December 31, 2016, impaired loans were evaluated using the expected cash flow method. There were no loans delinquent 90 days or more and still accruing interest at June 30, 2017 and December 31, 2016. There were no loans classified as troubled debt restructuring at June 30, 2017 and December 31, 2016. There were no foreclosed loans recorded as other real estate owned as of June 30, 2017, and December 31, 2016. The following table presents the recorded investment and unpaid principal balance for impaired loans at June 30, 2017 and December 31, 2016: Unpaid Related Recorded Principal Allowance for (In thousands) Investment Balance Loan Losses June 30, 2017 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 219 219 — Church – Mortgage: Nonaccrual — — — Total impaired loans $ 219 $ 219 $ — December 31, 2016 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 245 245 — Church – Mortgage: Nonaccrual — — — Total impaired loans $ 245 $ 245 $ — A summary of the activity in the allowance for loan losses from December 31, 2016 to June 30, 2017 is as follows: December 31, Charge- June 30, (In thousands) 2016 Offs Recoveries Provision 2017 Commercial and industrial $ 3,261 $ — $ 21 $ 144 $ 3,426 Real estate Commercial: Mortgage 1,662 — — (164 ) 1,498 Construction 47 — — 16 63 Church, church-related: Mortgage 4,027 — — 61 4,088 Construction 85 — — 8 93 Industrial Revenue Bonds 101 — — (25 ) 76 Other 992 — — (40 ) 952 Total $ 10,175 $ — $ 21 $ — $ 10,196 A summary of the activity in the allowance for loan losses from December 31, 2015 to June 30, 2016 is as follows: December 31, Charge- June 30, (In thousands) 2015 Offs Recoveries Provision 2016 Commercial and industrial $ 3,083 $ — $ 37 $ 497 $ 3,617 Real estate Commercial: Mortgage 2,803 — — (1,113 ) 1,690 Construction 9 — — 96 105 Church, church-related: Mortgage 4,082 — — 34 4,116 Construction 217 — — (30 ) 187 Industrial Revenue Bonds 320 — — (34 ) 286 Other 1,121 — — (450 ) 671 Total $ 11,635 $ — $ 37 $ (1,000 ) $ 10,672

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 and December 31, 2016, 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. At June 30, 2017, the balance of unused loan commitments, standby and commercial letters of credit were $65,583,000, $13,977,000, and $2,759,000, 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 June 30, 2017: 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 $ 5,589 $ 1,448 $ 2,036 $ 1,656 $ 449 Time deposits 52,653 47,759 2,319 2,575 — Total $ 58,242 $ 49,207 $ 4,355 $ 4,231 $ 449 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	6 Months Ended
	Jun. 30, 2017
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 may issue shares out of treasury stock for these awards. During the six months ended June 30, 2017, 22,545 restricted shares, 23,038 performance-based restricted shares, and 0 SARs were granted under the Omnibus Plan. Restricted Stock Restricted shares granted prior to April 16, 2013 were 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 June 30, 2017, the total unrecognized compensation expense related to non-vested restricted shares was $2,217,000, and the related weighted-average period over which it is expected to be recognized is approximately 1.0 year. Following is a summary of the activity of the restricted stock: Six Months Ended June 30, 2017 Shares Fair Value Balance at December 31, 2016 73,840 $ 51.03 Granted 22,545 $ 65.42 Vested (26,545 ) $ 52.34 Balance at June 30, 2017 69,840 $ 55.18 Performance-Based Restricted Stock On February 2, 2017, the Company granted three-year performance based restricted stock (“PBRS”) awards which are contingent upon the achievement of pre-established financial goals over the period from January 1, 2017 through December 31, 2019. The PBRS awards cliff vest on the three-year anniversary of their grant date at levels ranging from 0% to 150% of the target opportunity based on the actual achievement of financial goals for the three-year performance period. The target number of PBRS shares granted was 23,038 with a grant date fair value of $65.12 per share. The 2017 expense related to this grant is currently estimated to be $458,000 and is based on the grant date fair value and the achievement of 100% of the target financial goals. The estimated expense for 2017 and each future period through the vesting date is subject to prospective adjustment based upon changes in the expected achievement of the financial goals. 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 June 30, 2017, all compensation expense has been recognized and all granted SARs are vested. Following is a summary of the activity of the Company’s SARs program for the six-month period ended June 30, 2017: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2016 237,468 $ 38.22 5.73 $ 3,201 Exercised (15,547 ) 40.60 Outstanding at June 30, 2017 221,921 38.05 4.71 6,122 Exercisable at June 30, 2017 221,921 $ 38.05 4.71 $ 6,122

Defined Pension Plans

Defined Pension Plans	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Defined Pension Plans	Note 9 – Defined Pension Plans The Company has a noncontributory defined-benefit pension plan, which covers most of its employees. Effective December 31, 2016, the Plan was closed to all new participants. 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: Estimated Actual (In thousands) 2017 2016 Service cost – benefits earned during the year $ 3,805 $ 3,559 Interest cost on projected benefit obligations 3,587 3,505 Expected return on plan assets (4,680 ) (4,734 ) Net amortization and deferral 1,328 1,259 Net periodic pension cost $ 4,040 $ 3,589 Pension costs recorded to expense were $1,017,000 and $882,000 for the three-month periods ended June 30, 2017 and 2016, respectively and $2,037,000 and $1,759,000 for the six-month periods ended June 30, 2017 and 2016, respectively. Pension costs increased in 2017 due to a decrease in the discount rate and expected return on plan assets assumptions and the use of the updated mortality tables. The Company made no contribution to the plan during the six-month period ended June 30, 2017 and is evaluating the amount of additional contributions, if any, in the remainder of 2017. 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 2016 and an estimate for 2017: Estimated Actual (In thousands) 2017 2016 Service cost – benefits earned during the year $ 143 $ 133 Interest cost on projected benefit obligation 361 367 Net amortization 323 295 Net periodic pension cost $ 827 $ 795 Pension costs recorded to expense were $209,000 and $202,000 for the three-month periods ended June 30, 2017 and 2016, respectively, and were $418,000 and $403,000 for the six-month periods ended June 30, 2017 and 2016, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes As of June 30, 2017, the Company’s unrecognized tax benefits were approximately $1,835,000, of which $1,416,000 would, if recognized, affect the Company’s effective tax rate. As of December 31, 2016, the Company’s unrecognized tax benefits were approximately $1,623,000, of which $1,225,000 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 $253,000 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 $142,000 and $108,000 of gross interest accrued as of June 30, 2017 and December 31, 2016, respectively. There were no penalties for unrecognized tax benefits accrued at June 30, 2017 and December 31, 2016. 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 2013 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. On January 1, 2017, the Company adopted ASU No. 2016-09 – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . The adoption of this new accounting pronouncement resulted in a $35,000 and $278,000 reduction in income tax expense for the three-month and six-month periods ending June 30, 2017, respectively.

Investment in Securities

Investment in Securities	6 Months Ended
	Jun. 30, 2017
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: June 30, 2017 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 403,935 $ 11,256 $ 1,076 $ 414,115 U.S. government agencies 12,446 — 328 12,118 Certificates of deposit 5,746 — — 5,746 Total $ 422,127 $ 11,256 $ 1,404 $ 431,979 December 31, 2016 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 368,223 $ 5,239 $ 3,328 $ 370,134 U.S. government agencies 13,075 — 403 12,672 Certificates of deposit 7,746 — — 7,746 Total $ 389,044 $ 5,239 $ 3,731 $ 390,552 The fair values of securities with unrealized losses are as follows: June 30, 2017 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 subdivisions $ 45,082 $ 1,076 $ — $ — $ 45,082 $ 1,076 U.S. government agencies 12,118 328 — — 12,118 328 Certificates of deposit — — — — — — Total $ 57,200 $ 1,404 $ — $ — $ 57,200 $ 1,404 December 31, 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 subdivisions $ 140,384 $ 3,328 $ — $ — $ 140,384 $ 3,328 U.S. government agencies 12,672 403 — — 12,672 403 Certificates of deposit — — — — — — Total $ 153,056 $ 3,731 $ — $ — $ 153,056 $ 3,731 There were 35 securities, or 11% of the total (none greater than 12 months) in an unrealized loss position as of June 30, 2017. There were 108 securities, 31% of the total (none greater than 12 months), in an unrealized loss position as of December 31, 2016. 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. June 30, 2017 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 21,393 $ 21,574 Due after 1 year through 5 years 58,167 59,364 Due after 5 years through 10 years 207,799 215,950 Due after 10 years 134,768 135,091 Total $ 422,127 $ 431,979 Proceeds from sales of investment securities classified as available-for-sale were $0 and $2,452,000 for the three months ended June 30, 2017 and 2016, respectively, and were $0 and $21,491,000 for the six months ended June 30, 2017 and 2016, respectively. Gross realized gains were $0 and $79,000 for the three months ended June 30, 2017 and 2016, respectively, and were $0 and $387,000 for the six months ended June 30, 2017 and 2016, respectively. There was one security totaling $3,750,000 pledged to secure public deposits and for other purposes at June 30, 2017.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2017
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: June 30, 2017 December 31, 2016 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 301,060 $ 301,060 $ 266,743 $ 266,743 Investment securities 431,979 431,979 390,552 390,552 Loans, net 661,487 658,280 654,691 652,028 Accrued interest receivable 7,037 7,037 6,543 6,543 Total $ 1,401,563 $ 1,398,356 $ 1,318,529 $ 1,315,866 Balance sheet liabilities: Deposits $ 605,039 $ 605,382 $ 621,961 $ 622,173 Accounts and drafts payable 729,403 729,403 642,287 642,287 Accrued interest payable 41 41 46 46 Total $ 1,334,483 $ 1,334,826 $ 1,264,294 $ 1,264,506 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 – The carrying amount approximates fair value. 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 expected cash flow method or 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 six months ended June 30, 2017 and 2016. No financial instruments are measured using Level 3 inputs for the six months ended June 30, 2017 and 2016.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017, 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)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Company's Intangible Assets	Details of the Company’s intangible assets are as follows: June 30, 2017 December 31, 2016 Gross Carrying Accumulated Gross Carrying Accumulated (In thousands) Amount Amortization Amount Amortization Assets eligible for amortization: Customer lists $ 4,288 $ (2,517) $ 3,933 $ (2,342) Patents 72 (10) 72 (8) Non-compete agreements 332 (273) 261 (261) Software 234 (234) 234 (234) Other 500 (175) 500 (158) Unamortized intangible assets: Goodwill 1 12,796 (227) 11,817 (227) Total intangible assets $ 18,222 $ (3,436) $ 16,817 $ (3,230) 1 Amortization through December 31, 2001 prior to adoption of FASB ASC 350 .

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	The calculations of basic and diluted earnings per share are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands except share and per share data) 2017 2016 2017 2016 Basic Net income $ 6,513 $ 5,869 $ 12,820 $ 11,702 Weighted-average common shares outstanding 11,153,260 11,134,559 11,145,996 11,184,058 Basic earnings per share $ .58 $ .53 $ 1.15 $ 1.05 Diluted Net income $ 6,513 $ 5,869 $ 12,820 $ 11,702 Weighted-average common shares outstanding 11,153,260 11,134,559 11,145,996 11,184,058 Effect of dilutive restricted stock and stock appreciation rights 168,241 153,459 167,460 153,379 Weighted-average common shares outstanding assuming dilution 11,321,501 11,288,018 11,313,456 11,337,437 Diluted earnings per share $ .58 $ .52 $ 1.13 $ 1.03

Industry Segment Information (T

Industry Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017 Fee revenue and other income: Income from customers $ 26,749 $ 6,913 $ — $ 33,662 Intersegment income (expense) 3,049 383 (3,432 ) — Net income 3,932 2,581 — 6,513 Goodwill 12,433 136 — 12,569 Other intangible assets, net 2,217 — — 2,217 Total assets 863,562 742,659 (12,939 ) 1,593,282 Three Months Ended June 30, 2016 Fee revenue and other income Income from customers $ 24,436 $ 6,527 $ — $ 30,963 Intersegment income (expense) 2,815 403 (3,218 ) — Net income 3,478 2,391 — 5,869 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,201 — — 2,201 Total assets 777,312 753,333 (9,461 ) 1,521,184 Six Months Ended June 30, 2017 Fee revenue and other income: Income from customers $ 52,395 $ 13,557 $ — $ 65,952 Intersegment income (expense) 6,013 744 (6,757 ) — Net income 7,755 5,065 — 12,820 Goodwill 12,433 136 — 12,569 Other intangible assets, net 2,217 — — 2,217 Total assets 863,562 742,659 (12,939 ) 1,593,282 Six Months Ended June 30, 2016 Fee revenue and other income: Income from customers $ 47,994 $ 13,738 $ — $ 61,732 Intersegment income (expense) 6,073 779 (6,852 ) — Net income 6,425 5,277 — 11,702 Goodwill 11,454 136 — 11,590 Other intangible assets, net 2,201 — — 2,201 Total assets 777,312 753,333 (9,461 ) 1,521,184

Loans by Type (Tables)

Loans by Type (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Summary of Loan Categories	A summary of loan categories is as follows: June 30, December 31, (In thousands) 2017 2016 Commercial and industrial $ 225,627 $ 214,767 Real estate Commercial: Mortgage 94,367 104,779 Construction 8,482 6,325 Church, church-related: Mortgage 325,906 321,168 Construction 12,214 11,152 Industrial revenue bonds 5,007 6,639 Other 80 36 Total loans $ 671,683 $ 664,866
Schedule of the Aging Loans by Loan Categories	The following table presents the aging of loans by loan categories at June 30, 2017 and December 31, 2016: Performing Nonperforming 90 Days 30-59 60-89 and Non- Total (In thousands) Current Days Days Over accrual Loans June 30, 2017 Commercial and industrial $ 225,627 $ — $ — $ — $ — $ 225,627 Real estate Commercial: Mortgage 94,148 — — — 219 94,367 Construction 8,482 — — — — 8,482 Church, church-related: Mortgage 325,906 — — — — 325,906 Construction 12,214 — — — — 12,214 Industrial revenue bonds 5,007 — — — — 5,007 Other 80 — — — — 80 Total $ 671,464 $ — $ — $ — $ 219 $ 671,683 December 31, 2016 Commercial and industrial $ 214,767 $ — $ — $ — $ — $ 214,767 Real estate Commercial: Mortgage 104,534 — — — 245 104,779 Construction 6,325 — — — — 6,325 Church, church-related: Mortgage 321,168 — — — — 321,168 Construction 11,152 — — — — 11,152 Industrial revenue bonds 6,639 — — — — 6,639 Other 24 12 — — — 36 Total $ 664,609 $ 12 $ — $ — $ 245 $ 664,866
Schedule of Credit Exposure of the Loan Portfolio	The following table presents the credit exposure of the loan portfolio by internally credit grade as of June 30, 2017 and December 31, 2016: Loans Performing Nonperforming Subject to Loans Subject to Loans Subject Normal Special to Special (In thousands) Monitoring 1 Monitoring 2 Monitoring 2 Total Loans June 30, 2017 Commercial and industrial $ 223,968 $ 1,659 $ — $ 225,627 Real estate Commercial: Mortgage 93,422 726 219 94,367 Construction 8,482 — — 8,482 Church, church-related: Mortgage 325,822 84 — 325,906 Construction 12,214 — — 12,214 Industrial Revenue Bonds 5,007 — — 5,007 Other 80 — — 80 Total $ 668,995 $ 2,469 $ 219 $ 671,683 December 31, 2016 Commercial and industrial $ 213,024 $ 1,743 $ — $ 214,767 Real estate Commercial: Mortgage 103,778 756 245 104,779 Construction 6,325 — — 6,325 Church, church-related: Mortgage 318,030 3,138 — 321,168 Construction 11,152 — — 11,152 Industrial revenue bonds 6,639 — — 6,639 Other 36 — — 36 Total $ 658,984 $ 5,637 $ 245 $ 664,866 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.
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 June 30, 2017 and December 31, 2016: Unpaid Related Recorded Principal Allowance for (In thousands) Investment Balance Loan Losses June 30, 2017 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 219 219 — Church – Mortgage: Nonaccrual — — — Total impaired loans $ 219 $ 219 $ — December 31, 2016 Commercial and industrial: Nonaccrual $ — $ — $ — Real estate Commercial – Mortgage: Nonaccrual 245 245 — Church – Mortgage: Nonaccrual — — — Total impaired loans $ 245 $ 245 $ —
Summary of the Allowance for Loan Losses	A summary of the activity in the allowance for loan losses from December 31, 2016 to June 30, 2017 is as follows: December 31, Charge- June 30, (In thousands) 2016 Offs Recoveries Provision 2017 Commercial and industrial $ 3,261 $ — $ 21 $ 144 $ 3,426 Real estate Commercial: Mortgage 1,662 — — (164 ) 1,498 Construction 47 — — 16 63 Church, church-related: Mortgage 4,027 — — 61 4,088 Construction 85 — — 8 93 Industrial Revenue Bonds 101 — — (25 ) 76 Other 992 — — (40 ) 952 Total $ 10,175 $ — $ 21 $ — $ 10,196 A summary of the activity in the allowance for loan losses from December 31, 2015 to June 30, 2016 is as follows: December 31, Charge- June 30, (In thousands) 2015 Offs Recoveries Provision 2016 Commercial and industrial $ 3,083 $ — $ 37 $ 497 $ 3,617 Real estate Commercial: Mortgage 2,803 — — (1,113 ) 1,690 Construction 9 — — 96 105 Church, church-related: Mortgage 4,082 — — 34 4,116 Construction 217 — — (30 ) 187 Industrial Revenue Bonds 320 — — (34 ) 286 Other 1,121 — — (450 ) 671 Total $ 11,635 $ — $ 37 $ (1,000 ) $ 10,672

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
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 June 30, 2017: 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 $ 5,589 $ 1,448 $ 2,036 $ 1,656 $ 449 Time deposits 52,653 47,759 2,319 2,575 — Total $ 58,242 $ 49,207 $ 4,355 $ 4,231 $ 449

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
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: Six Months Ended June 30, 2017 Shares Fair Value Balance at December 31, 2016 73,840 $ 51.03 Granted 22,545 $ 65.42 Vested (26,545 ) $ 52.34 Balance at June 30, 2017 69,840 $ 55.18
Summary of SARs Activity	Following is a summary of the activity of the Company’s SARs program for the six-month period ended June 30, 2017: Weighted- Average Aggregate Average Remaining Intrinsic Exercise Contractual Value Shares Price Term Years (In thousands) Outstanding at December 31, 2016 237,468 $ 38.22 5.73 $ 3,201 Exercised (15,547 ) 40.60 Outstanding at June 30, 2017 221,921 38.05 4.71 6,122 Exercisable at June 30, 2017 221,921 $ 38.05 4.71 $ 6,122

Defined Pension Plans (Tables)

Defined Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Costs	The following table represents the components of the net periodic pension costs: Estimated Actual (In thousands) 2017 2016 Service cost – benefits earned during the year $ 3,805 $ 3,559 Interest cost on projected benefit obligations 3,587 3,505 Expected return on plan assets (4,680 ) (4,734 ) Net amortization and deferral 1,328 1,259 Net periodic pension cost $ 4,040 $ 3,589
Schedule of Unfunded Supplemental Executive Retirement Plan	The following table represents the components of the net periodic pension costs for 2016 and an estimate for 2017: Estimated Actual (In thousands) 2017 2016 Service cost – benefits earned during the year $ 143 $ 133 Interest cost on projected benefit obligation 361 367 Net amortization 323 295 Net periodic pension cost $ 827 $ 795

Investment in Securities (Table

Investment in Securities (Tables)	6 Months Ended
	Jun. 30, 2017
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: June 30, 2017 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 403,935 $ 11,256 $ 1,076 $ 414,115 U.S. government agencies 12,446 — 328 12,118 Certificates of deposit 5,746 — — 5,746 Total $ 422,127 $ 11,256 $ 1,404 $ 431,979 December 31, 2016 Gross Gross Amortized Unrealized Unrealized (In thousands) Cost Gains Losses Fair Value State and political subdivisions $ 368,223 $ 5,239 $ 3,328 $ 370,134 U.S. government agencies 13,075 — 403 12,672 Certificates of deposit 7,746 — — 7,746 Total $ 389,044 $ 5,239 $ 3,731 $ 390,552
Schedule of the Fair Value of Securities with Unrealized Losses	The fair values of securities with unrealized losses are as follows: June 30, 2017 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 subdivisions $ 45,082 $ 1,076 $ — $ — $ 45,082 $ 1,076 U.S. government agencies 12,118 328 — — 12,118 328 Certificates of deposit — — — — — — Total $ 57,200 $ 1,404 $ — $ — $ 57,200 $ 1,404 December 31, 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 subdivisions $ 140,384 $ 3,328 $ — $ — $ 140,384 $ 3,328 U.S. government agencies 12,672 403 — — 12,672 403 Certificates of deposit — — — — — — Total $ 153,056 $ 3,731 $ — $ — $ 153,056 $ 3,731
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. June 30, 2017 (In thousands) Amortized Cost Fair Value Due in 1 year or less $ 21,393 $ 21,574 Due after 1 year through 5 years 58,167 59,364 Due after 5 years through 10 years 207,799 215,950 Due after 10 years 134,768 135,091 Total $ 422,127 $ 431,979

Fair Value of Financial Instr28

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
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: June 30, 2017 December 31, 2016 Carrying Carrying (In thousands) Amount Fair Value Amount Fair Value Balance sheet assets: Cash and cash equivalents $ 301,060 $ 301,060 $ 266,743 $ 266,743 Investment securities 431,979 431,979 390,552 390,552 Loans, net 661,487 658,280 654,691 652,028 Accrued interest receivable 7,037 7,037 6,543 6,543 Total $ 1,401,563 $ 1,398,356 $ 1,318,529 $ 1,315,866 Balance sheet liabilities: Deposits $ 605,039 $ 605,382 $ 621,961 $ 622,173 Accounts and drafts payable 729,403 729,403 642,287 642,287 Accrued interest payable 41 41 46 46 Total $ 1,334,483 $ 1,334,826 $ 1,264,294 $ 1,264,506

Intangible Assets (Narrative) (

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 108	$ 102	$ 207	$ 204
2,017	427		427
2,018	442		442
2,019	412		412
2,020	406		406
2,021	406		406
Recorded intangible assets	1,406		1,406
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Recorded intangible assets	355		$ 355
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]
Recorded intangible assets	71		$ 71
Non-compete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets amortization period			2 years
Non-compete Agreements [Member] | Maximum [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
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Recorded intangible assets	$ 980		$ 980

Intangible Assets (Schedule of

Intangible Assets (Schedule of Company's Intangible Assets) (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Unamortized intangible assets:
Goodwill, Gross Carrying Amount	[1]	$ 12,796	$ 11,817
Goodwill, Accumulated Amortization	[1]	(227)	(227)
Total intangible assets		18,222	16,817
Accumulated Amortization		(3,436)	(3,230)
Customer Lists [Member]
Assets eligible for amortization:
Gross Carrying Amount		4,288	3,933
Accumulated Amortization		(2,517)	(2,342)
Patents [Member]
Assets eligible for amortization:
Gross Carrying Amount		72	72
Accumulated Amortization		(10)	(8)
Non-compete Agreements [Member]
Assets eligible for amortization:
Gross Carrying Amount		332	261
Accumulated Amortization		(273)	(261)
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		$ (175)	$ (158)
[1]	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		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Basic
Net income	$ 6,513	$ 5,869	$ 12,820	$ 11,702
Weighted-average common shares outstanding	11,153,260	11,134,559	11,145,996	11,184,058
Basic earnings per share	$ 0.58	$ 0.53	$ 1.15	$ 1.05
Diluted
Net Income	$ 6,513	$ 5,869	$ 12,820	$ 11,702
Weighted-average common shares outstanding	11,153,260	11,134,559	11,145,996	11,184,058
Effect of dilutive restricted stock and stock appreciation rights	168,241	153,459	167,460	153,379
Weighted-average common shares outstanding assuming dilution	11,321,501	11,288,018	11,313,456	11,337,437
Diluted earnings per share	$ 0.58	$ 0.52	$ 1.13	$ 1.03

Stock Repurchases (Details)

Stock Repurchases (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Equity [Abstract]
Number of shares authorized to be repurchased	500,000		500,000
Shares repurchased	0	111,241	0	187,123
Remaining number of shares available for repurchase	500,000		500,000

Industry Segment Information (D

Industry Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Fee revenue and other income:
Income from customers	$ 33,662	$ 30,963	$ 65,952	$ 61,732
Intersegment income (expense)
Net income	6,513	5,869	12,820	11,702
Goodwill	12,569	11,590	12,569	11,590	$ 11,590
Other intangible assets, net	2,217	2,201	2,217	2,201
Total assets	1,593,282	1,521,184	1,593,282	1,521,184	$ 1,504,839
Information Services [Member]
Fee revenue and other income:
Income from customers	26,749	24,436	52,395	47,994
Intersegment income (expense)	3,049	2,815	6,013	6,073
Net income	3,932	3,478	7,755	6,425
Goodwill	12,433	11,454	12,433	11,454
Other intangible assets, net	2,217	2,201	2,217	2,201
Total assets	863,562	777,312	863,562	777,312
Banking Services [Member]
Fee revenue and other income:
Income from customers	6,913	6,527	13,557	13,738
Intersegment income (expense)	383	403	744	779
Net income	2,581	2,391	5,065	5,277
Goodwill	136	136	136	136
Other intangible assets, net
Total assets	742,659	753,333	742,659	753,333
Corporate Eliminations and Other [Member]
Fee revenue and other income:
Income from customers
Intersegment income (expense)	(3,432)	(3,218)	(6,757)	(6,852)
Net income
Goodwill
Other intangible assets, net
Total assets	$ (12,939)	$ (9,461)	$ (12,939)	$ (9,461)

Loans by Type (Summary of Loan

Loans by Type (Summary of Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Participating Mortgage Loans [Line Items]
Loans	$ 671,683	$ 664,866
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans	225,627	214,767
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	94,367	104,779
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	8,482	6,325
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Loans	325,906	321,168
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans	12,214	11,152
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Loans	5,007	6,639
Other Loan [Member]
Participating Mortgage Loans [Line Items]
Loans	$ 80	$ 36

Loans by Type (Schedule of the

Loans by Type (Schedule of the Aging of Loans by Loan Categories) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Participating Mortgage Loans [Line Items]
Nonaccrual	$ 219	$ 245
Loans	671,683	664,866
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	225,627	214,767
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	219	245
Loans	94,367	104,779
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	8,482	6,325
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	325,906	321,168
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	12,214	11,152
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	5,007	6,639
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Loans	80	36
Current [Member]
Participating Mortgage Loans [Line Items]
Current	671,464	664,609
Current [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Current	225,627	214,767
Current [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	94,148	104,534
Current [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Current	8,482	6,325
Current [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Current	325,906	321,168
Current [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Current	12,214	11,152
Current [Member] | Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Current	5,007	6,639
Current [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Current	80	24
30 to 59 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due		12
30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Past due
30 to 59 Days Past Due [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due		12
60 to 89 Days Past Due [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Past due
60 to 89 Days Past Due [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Past due
90 Days and Over [Member] | Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Past due

Loans by Type (Schedule of th36

Loans by Type (Schedule of the Credit Exposure of the Loan Portfolio) (Details) - USD ($) $ in Thousands		Jun. 30, 2017	Dec. 31, 2016
Participating Mortgage Loans [Line Items]
Loans		$ 671,683	$ 664,866
Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	668,995	658,984
Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	2,469	5,637
Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	219	245
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Loans		225,627	214,767
Commercial and Industrial [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	223,968	213,024
Commercial and Industrial [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	1,659	1,743
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		94,367	104,779
Real Estate Commercial Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	93,422	103,778
Real Estate Commercial Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	726	756
Real Estate Commercial Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	219	245
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		8,482	6,325
Real Estate Commercial Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	8,482	6,325
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		325,906	321,168
Real Estate Church Related Mortgage [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	325,822	318,030
Real Estate Church Related Mortgage [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]	84	3,138
Real Estate Church Related Mortgage [Member] | Nonperforming Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Loans		12,214	11,152
Real Estate Church Related Construction [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	12,214	11,152
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		5,007	6,639
Industrial Revenue Bonds [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	5,007	6,639
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 Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Loans		80	36
Other Financing Receivable [Member] | Loans Subject To Normal Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[1]	80	36
Other Financing Receivable [Member] | Performing Loans Subject To Special Monitoring [Member]
Participating Mortgage Loans [Line Items]
Loans	[2]
Other Financing Receivable [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	Jun. 30, 2017	Dec. 31, 2016
Participating Mortgage Loans [Line Items]
Nonaccrual	$ 219	$ 245
Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	219	245
Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	219	245
Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
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	219	245
Real Estate Commercial Mortgage [Member] | Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	219	245
Real Estate Commercial Mortgage [Member] | Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual	219	245
Real Estate Commercial Mortgage [Member] | Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Real Estate Church Related Mortgage [Member] | Recorded Investment [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Real Estate Church Related Mortgage [Member] | Upaid Principal Balance [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual
Real Estate Church Related Mortgage [Member] | Related Allowance for Loan Losses [Member]
Participating Mortgage Loans [Line Items]
Nonaccrual

Loans by Type (Summary of Allow

Loans by Type (Summary of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Participating Mortgage Loans [Line Items]
Beginning Balance	$ 10,175	$ 11,635
Charge-Offs
Recoveries	21	37
Provision		(1,000)
Ending Balance	10,196	10,672
Commercial and Industrial [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	3,261	3,083
Charge-Offs
Recoveries	21	37
Provision	144	497
Ending Balance	3,426	3,617
Real Estate Commercial Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	1,662	2,803
Charge-Offs
Recoveries
Provision	(164)	(1,113)
Ending Balance	1,498	1,690
Real Estate Commercial Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	47	9
Charge-Offs
Recoveries
Provision	16	96
Ending Balance	63	105
Real Estate Church Related Mortgage [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	4,027	4,082
Charge-Offs
Recoveries
Provision	61	34
Ending Balance	4,088	4,116
Real Estate Church Related Construction [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	85	217
Charge-Offs
Recoveries
Provision	8	(30)
Ending Balance	93	187
Industrial Revenue Bonds [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	101	320
Charge-Offs
Recoveries
Provision	(25)	(34)
Ending Balance	76	286
Other Financing Receivable [Member]
Participating Mortgage Loans [Line Items]
Beginning Balance	992	1,121
Charge-Offs
Recoveries
Provision	(40)	(450)
Ending Balance	$ 952	$ 671

Commitments and Contingencies39

Commitments and Contingencies (Narrative) (Details) $ in Thousands	Jun. 30, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Unused loan commitments	$ 65,583
Standby letters of credit	13,977
Commercial letters of credit	$ 2,759

Commitments and Contingencies40

Commitments and Contingencies (Summary of Company's Contractual Cash Obligations) (Details) $ in Thousands	Jun. 30, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease commitments, Less than 1 Year	$ 1,448
Operating lease commitments, 1 to 3 Years	2,036
Operating lease commitments, 3 to 5 Years	1,656
Operating lease commitments, Over 5 Years	449
Operating lease commitments, Total	5,589
Time Deposits, Less than 1 Year	47,759
Time Deposits, 1 to 3 Years	2,319
Time Deposits, 3 to 5 Years	2,575
Time Deposits, over 5 Years
Time Deposits, Total	52,653
Commitments, Less than 1 Year	49,207
Commitments, 1 to 3 Years	4,355
Commitments, 3 to 5 Years	4,231
Commitments, Over 5 Years	449
Commitments, Total	$ 58,242

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)$ / sharesshares
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 | $	$ 2,217
Remaining vesting period	1 year
Vesting period	3 years
Granted, Shares	22,545
Fair value of granted shares per share | $ / shares	$ 65.42
Performance-based restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, Shares	23,038
Expense incurred to grant shares | $	$ 458
Performance-based restricted shares [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	0.00%
Performance-based restricted shares [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target opportunity for awards to vest	150.00%
SARs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Expiry period	10 years

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Stock Activity) (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Shares
Beginning balance | shares	73,840
Granted | shares	22,545
Vested | shares	(26,545)
Ending balance | shares	69,840
Fair Value
Beginning balance | $ / shares	$ 51.03
Granted | $ / shares	65.42
Vested | $ / shares	52.34
Ending balance | $ / shares	$ 55.18

Stock-Based Compensation (Sum43

Stock-Based Compensation (Summary of Company's SARs Activity) (Details) - SARs [Member] - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance	237,468
Exercised	(15,547)
Ending balance	221,921	237,468
Exercisable	221,921
Outstanding, Weighted Average Exercise Price	$ 38.22
Exercised, Weighted Average Exercise Price	40.60
Outstanding, Weighted Average Exercise Price	38.05	$ 38.22
Exercisable, Weighted Average Exercise Price	$ 38.05
Outstanding, Average Remaining Contractual Term Years	4 years 8 months 16 days	5 years 8 months 23 days
Exercisable, Average Remaining Contractual Term Years	4 years 8 months 16 days
Outstanding, Aggregate Intrinsic Value	$ 3,201
Outstanding, Aggregate Intrinsic Value	6,122	$ 3,201
Exercisable, Aggregate Intrinsic Value	$ 6,122

Defined Pension Plans (Narrativ

Defined Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Pension period			30 years
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 1,017	$ 882	$ 2,037	$ 1,759
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension costs	$ 209	$ 202	$ 418	$ 403

Defined Pension Plans (Schedule

Defined Pension Plans (Schedule of Net Periodic Pension Costs) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	$ 3,805	$ 3,559
Interest cost on projected benefit obligations	3,587	3,505
Expected return on plan assets	(4,680)	(4,734)
Net amortization and deferral	1,328	1,259
Net periodic pension cost	4,040	3,589
Unfunded Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the year	143	133
Interest cost on projected benefit obligations	361	367
Net amortization and deferral	323	295
Net periodic pension cost	$ 827	$ 795

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 1,835	$ 1,835	$ 1,623
Amounts of tax benefits that would affect effective tax rate if recognized	1,416	1,416	1,225
Income tax accrued interest	142	142	$ 108
Statute of limitations		253
Accounting Standards Update 2016-09 [Member]
Income Tax Contingency [Line Items]
Reduction in income tax expense from adoption of ASU No. 2016-09 – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting	$ 35	$ 278

Investment in Securities (Narra

Investment in Securities (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Number of securities that had an unrealized loss	35		35		108
Percentage of total securities	11.00%	100.00%	11.00%	100.00%	31.00%
Proceeds from sales of securities available-for-sale	$ 0	$ 2,452	$ 0	$ 21,491
Gross realized gains	0	$ 79	0	$ 387
Securities pledged as collateral	$ 3,750		$ 3,750

Investment in Securities (Sched

Investment in Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Investment [Line Items]
Fair Value	$ 431,979	$ 390,552
Gross Unrealized Gains	11,256	5,239
Gross Unrealized Losses	1,404	3,731
Amortized Cost	422,127	389,044
State and Political Subdivisions [Member]
Investment [Line Items]
Fair Value	414,115	370,134
Gross Unrealized Gains	11,256	5,239
Gross Unrealized Losses	1,076	3,328
Amortized Cost	403,935	368,223
U.S. government agencies [Member]
Investment [Line Items]
Fair Value	12,118	12,672
Gross Unrealized Gains
Gross Unrealized Losses	328	403
Amortized Cost	12,446	13,075
Certificates of Deposit [Member]
Investment [Line Items]
Fair Value	5,746	7,746
Gross Unrealized Gains
Gross Unrealized Losses
Amortized Cost	$ 5,746	$ 7,746

Investment in Securities (Sch49

Investment in Securities (Schedule of the Fair Values of Securities with Unrealized Losses) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Investment [Line Items]
Estimated fair value, less than 12 months	$ 57,200	$ 153,056
Estimated fair value, 12 months or more
Estimated fair value, total	57,200	153,056
Unrealized losses, less than 12 months	1,404	3,731
Unrealized losses, 12 months or more
Unrealized losses, total	1,404	3,731
State and Political Subdivisions [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	45,082	140,384
Estimated fair value, 12 months or more
Estimated fair value, total	45,082	140,384
Unrealized losses, less than 12 months	1,076	3,328
Unrealized losses, 12 months or more
Unrealized losses, total	1,076	3,328
U.S. government agencies [Member]
Investment [Line Items]
Estimated fair value, less than 12 months	12,118	12,672
Estimated fair value, 12 months or more
Estimated fair value, total	12,118	12,672
Unrealized losses, less than 12 months	328	403
Unrealized losses, 12 months or more
Unrealized losses, total	328	403
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 (Sch50

Investment in Securities (Schedule of Amortized Cost and Fair Value of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Due in 1 year or less	$ 21,393
Amortized Cost, Due after 1 year through 5 years	58,167
Amortized Cost, Due after 5 years through 10 years	207,799
Amortized Cost, Due after 10 years	134,768
Amortized Cost, Total	422,127
Fair Value, Due in 1 year or less	21,574
Fair Value, Due after 1 year through 5 years	59,364
Fair Value, Due after 5 years through 10 years	215,950
Fair Value, Due after 10 years	135,091
Fair Value, Total	$ 431,979	$ 390,552

Fair Value of Financial Instr51

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Cash and cash equivalents, Carrying Amount	$ 301,060	$ 266,743	$ 274,133	$ 253,172
Investment securities, Carrying Amount	431,979	390,552
Loans, net, Carrying Amount	661,487	654,691
Accrued interest receivable, Carrying Amount	7,037	6,543
Assets, Carrying Amount	1,401,563	1,318,529
Cash and cash equivalents, Fair Value	301,060	266,743
Investment securities, Fair Value	431,979	390,552
Loans, net, Fair Value	658,280	652,028
Accrued interest receivable, Fair Value	7,037	6,543
Assets, Fair Value	1,398,356	1,315,866
Deposits, Carrying Amount	605,039	621,961
Accounts and drafts payable, Carrying Amount	729,403	642,287
Accrued interest payable, Carrying Amount	41	46
Liabilities, Carrying Amount	1,334,483	1,264,294
Deposits, Fair Value	605,382	622,173
Accounts and drafts payable, Fair Value	729,403	642,287
Accrued interest payable, Fair Value	41	46
Liabilities, Fair Value	$ 1,334,826	$ 1,264,506