Rendering

Component: (Network and Table)
Network
2314301 - Disclosure - Fair Value (Tables)
(http://germanamerican.com/role/FairValueTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures [Abstract]
 
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:
 
 
Fair Value Measurements at December 31, 2016 Using
 
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
 
Total
Assets:
 
 

 
 

 
 

 
 

U.S. Treasury and Agency Securities
 
$

 
$

 
$

 
$

Obligations of State and Political Subdivisions
 

 
240,224

 
7,295

 
247,519

Mortgage-backed Securities-Residential
 

 
461,914

 

 
461,914

Equity Securities
 

 

 
353

 
353

Total Securities
 
$

 
$
702,138

 
$
7,648

 
$
709,786

 
 
 
 
 
 
 
 
 
Loans Held-for-Sale
 
$

 
$
15,273

 
$

 
$
15,273

 
 
 
 
 
 
 
 
 
Derivative Assets
 
$

 
$
1,291

 
$

 
$
1,291

 
 
 
 
 
 
 
 
 
Mortgage Servicing Rights
 
$

 
$
611

 
$

 
$
611

 
 
 
 
 
 
 
 
 
Derivative Liabilities
 
$

 
$
1,238

 
$

 
$
1,238

 
 
Fair Value Measurements at December 31, 2015 Using
 
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
Total
Assets:
 
 

 
 

 
 

 
 

U.S. Treasury and Agency Securities
 
$

 
$
9,898

 
$

 
$
9,898

Obligations of State and Political Subdivisions
 

 
194,608

 
9,020

 
203,628

Mortgage-backed Securities-Residential
 

 
423,961

 

 
423,961

Equity Securities
 

 

 
353

 
353

Total Securities
 
$

 
$
628,467

 
$
9,373

 
$
637,840

 
 
 
 
 
 
 
 
 
Loans Held-for-Sale
 
$

 
$
10,762

 
$

 
$
10,762

 
 
 
 
 
 
 
 
 
Derivative Assets
 
$

 
$
1,201

 
$

 
$
1,201

 
 
 
 
 
 
 
 
 
Mortgage Servicing Rights
 
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
 
Derivative Liabilities
 
$

 
$
1,232

 
$

 
$
1,232

 
 
Reconciliation of all Assets Measured at Fair Value on Recurring Basis, Using Significant Unobservable Inputs (Level 3)
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2016 and 2015:
 
 
Obligations of State and Political Subdivisions
 
Equity Securities
 
 
2016
 
2015
 
2016
 
2015
Balance of Recurring Level 3 Assets at January 1
 
$
9,020

 
$
10,141

 
$
353

 
$
353

Total Gains or Losses (realized/unrealized) Included in Other Comprehensive Income
 
(75
)
 
(6
)
 

 

Maturities / Calls
 
(1,650
)
 
(1,115
)
 

 

Purchases
 

 

 

 

Balance of Recurring Level 3 Assets at December 31
 
$
7,295

 
$
9,020

 
$
353

 
$
353

 
 
Assets and Liabilities Measured at Fair Value on Non-Recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis are summarized below:
 
 
Fair Value Measurements at December 31, 2016 Using
 
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
Assets:
 
 

 
 

 
 

 
 

Impaired Loans
 
 

 
 

 
 

 
 

Commercial and Industrial Loans
 
$

 
$

 
$
79

 
$
79

Commercial Real Estate Loans
 

 

 
545

 
545

   Agricultural Loans
 

 

 
449

 
449


 
 
Fair Value Measurements at December 31, 2015 Using
 
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
Assets:
 
 

 
 

 
 

 
 

Impaired Loans
 
 

 
 

 
 

 
 

Commercial and Industrial Loans
 
$

 
$

 
$
15

 
$
15

Commercial Real Estate Loans
 

 

 
960

 
960

 
 
Fair Value Assets and Liabilities Measured on Nonrecurring Basis Validation Techniques
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2016 and 2015:
December 31, 2016
 
Fair Value
 
Valuation Technique(s)
 
Unobservable Input(s)
 
Range (Weighted Average)
Impaired Loans - Commercial and Industrial Loans
 
$
79

 
Sales comparison approach
 
Adjustment for physical condition of comparable properties sold
 
0% - 100%
(74%)
Impaired Loans - Commercial Real Estate Loans
 
$
545

 
Sales comparison approach
 
Adjustment for physical condition of comparable properties sold
 
30% - 77%
(49%)
Impaired Loans - Agricultural Loans
 
$
449

 
Sales comparison approach
 
Adjustment for physical condition of comparable properties sold
 
32%
(32%)
December 31, 2015
 
Fair Value
 
Valuation Technique(s)
 
Unobservable Input(s)
 
Range (Weighted Average)
Impaired Loans - Commercial Industrial Loans
 
$
15

 
Sales comparison approach
 
Adjustment for physical condition of comparable properties sold
 
82% - 100%
(82%)
Impaired Loans - Commercial Real Estate Loans
 
$
960

 
Sales comparison approach
 
Adjustment for physical condition of comparable properties sold
 
30% - 86%
(75%)
 
 
Carrying Amounts and Estimated Fair Values of Company's Financial Instruments
 
 
 
 
Fair Value Measurements at
December 31, 2016 Using
 
 
Carrying Value
 
Level 1
 
Level 2
 
Level 3
 
Total
Financial Assets:
 
 

 
 

 
 

 
 

 
 

Cash and Short-term Investments
 
$
64,816

 
$
48,467

 
$
16,349

 
$

 
$
64,816

Securities Held-to-Maturity
 

 

 

 

 

Loans, Net
 
1,974,074

 

 

 
1,980,523

 
1,980,523

FHLB Stock and Other Restricted Stock
 
13,048

 
N/A

 
N/A

 
N/A

 
N/A

Accrued Interest Receivable
 
11,413

 

 
3,289

 
8,124

 
11,413

Financial Liabilities:
 
 

 
 

 
 

 
 

 
 

Demand, Savings, and Money Market Deposits
 
(1,971,370
)
 
(1,971,370
)
 

 

 
(1,971,370
)
Time Deposits
 
(378,181
)
 

 
(378,000
)
 

 
(378,000
)
Short-term Borrowings
 
(137,554
)
 

 
(137,554
)
 

 
(137,554
)
Long-term Debt
 
(120,560
)
 

 
(109,709
)
 
(10,793
)
 
(120,502
)
Accrued Interest Payable
 
(789
)
 

 
(775
)
 
(14
)
 
(789
)
 
 
 
 
Fair Value Measurements at
December 31, 2015 Using
 
 
Carrying Value
 
Level 1
 
Level 2
 
Level 3
 
Total
Financial Assets:
 
 

 
 

 
 

 
 

 
 

Cash and Short-term Investments
 
$
52,009

 
$
36,062

 
$
15,947

 
$

 
$
52,009

Securities Held-to-Maturity
 
95

 

 
95

 

 
95

Loans, Net
 
1,548,934

 

 

 
1,551,497

 
1,551,497

FHLB Stock and Other Restricted Stock
 
8,571

 
N/A

 
N/A

 
N/A

 
N/A

Accrued Interest Receivable
 
8,803

 

 
2,722

 
6,081

 
8,803

Financial Liabilities:
 
 

 
 

 
 

 
 

 
 

Demand, Savings, and Money Market Deposits
 
(1,520,340
)
 
(1,520,340
)
 

 

 
(1,520,340
)
Time Deposits
 
(306,036
)
 

 
(305,965
)
 

 
(305,965
)
Short-term Borrowings
 
(177,717
)
 

 
(177,717
)
 

 
(177,717
)
Long-term Debt
 
(95,606
)
 

 
(90,473
)
 
(5,538
)
 
(96,011
)
Accrued Interest Payable
 
(676
)
 

 
(668
)
 
(8
)
 
(676
)