10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2017.

or

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from  to .

Commission File Number: 0-7617

UNIVEST CORPORATION OF PENNSYLVANIA

(Exact name of registrant as specified in its charter)

Pennsylvania	23-1886144
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

14 North Main Street, Souderton, Pennsylvania 18964

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (215) 721-2400

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨ (Do not check if a smaller reporting company)	Smaller reporting company	¨
		Emerging growth company	¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Common Stock, $5 par value	26,661,431
(Title of Class)	(Number of shares outstanding at April 28, 2017)

UNIVEST CORPORATION OF PENNSYLVANIA AND SUBSIDIARIES

INDEX

			Page Number
Part I.	Financial Information:
	Item 1.	Financial Statements (Unaudited)
		Consolidated Balance Sheets at March 31, 2017 and December 31, 2016	2
		Consolidated Statements of Income for the Three Months Ended March 31, 2017 and 2016	3
		Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2017 and 2016	4
		Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2017 and 2016	5
		Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2017 and 2016	6
		Notes to Consolidated Financial Statements	7
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	40
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	54
	Item 4.	Controls and Procedures	54
Part II.	Other Information
	Item 1.	Legal Proceedings	55
	Item 1A.	Risk Factors	55
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	55
	Item 3.	Defaults Upon Senior Securities	55
	Item 4.	Mine Safety Disclosures	55
	Item 5.	Other Information	55
	Item 6.	Exhibits	56
Signatures			57

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED BALANCE SHEETS

	(UNAUDITED)
(Dollars in thousands, except share data)	At March 31, 2017			At December 31, 2016
ASSETS
Cash and due from banks	$	44,745		$	48,757
Interest-earning deposits with other banks	13,055			9,068
Investment securities held-to-maturity (fair value $33,022 and $24,871 at March 31, 2017 and December 31, 2016, respectively)	33,027			24,881
Investment securities available-for-sale	431,612			443,637
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	25,322			24,869
Loans held for sale	1,110			5,890
Loans and leases held for investment	3,341,916			3,285,886
Less: Reserve for loan and lease losses	(19,528		)	(17,499		)
Net loans and leases held for investment	3,322,388			3,268,387
Premises and equipment, net	64,811			63,638
Goodwill	172,559			172,559
Other intangibles, net of accumulated amortization and fair value adjustments of $18,668 and $17,597 at March 31, 2017 and December 31, 2016, respectively	15,923			16,651
Bank owned life insurance	100,520			99,948
Accrued interest receivable and other assets	48,859			52,243
Total assets	$	4,273,931		$	4,230,528
LIABILITIES
Noninterest-bearing deposits	$	947,495		$	918,337
Interest-bearing deposits:
Demand deposits	1,034,363			909,963
Savings deposits	830,917			803,078
Time deposits	553,176			626,189
Total deposits	3,365,951			3,257,567
Short-term borrowings	79,366			196,171
Long-term debt	182,066			127,522
Subordinated notes	94,148			94,087
Accrued interest payable and other liabilities	40,520			49,972
Total liabilities	3,762,051			3,725,319
SHAREHOLDERS’ EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2017 and December 31, 2016; 28,911,799 shares issued at March31, 2017 and December 31, 2016; 26,645,520 and 26,589,353 shares outstanding at March31, 2017 and December 31, 2016, respectively	144,559			144,559
Additional paid-in capital	230,391			230,494
Retained earnings	200,050			194,516
Accumulated other comprehensive loss, net of tax benefit	(18,992		)	(19,454		)
Treasury stock, at cost;2,266,279 and 2,322,446 shares at March 31, 2017 and December 31, 2016, respectively	(44,128		)	(44,906		)
Total shareholders’ equity	511,880			505,209
Total liabilities and shareholders’ equity	$	4,273,931		$	4,230,528

Note: See accompanying notes to the unaudited consolidated financial statements.

2

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended   March 31,
(Dollars in thousands, except per share data)	2017		2016
Interest income
Interest and fees on loans and leases:
Taxable	$	33,700	$	21,850
Exempt from federal income taxes	2,035		1,716
Total interest and fees on loans and leases	35,735		23,566
Interest and dividends on investment securities:
Taxable	1,688		1,274
Exempt from federal income taxes	599		734
Interest on deposits with other banks	17		28
Interest and dividends on other earning assets	357		132
Total interest income	38,396		25,734
Interest expense
Interest on deposits	2,191		1,533
Interest on short-term borrowings	262		3
Interest on long-term debt and subordinated notes	1,660		675
Total interest expense	4,113		2,211
Net interest income	34,283		23,523
Provision for loan and lease losses	2,445		326
Net interest income after provision for loan and lease losses	31,838		23,197
Noninterest income
Trust fee income	1,907		1,865
Service charges on deposit accounts	1,243		998
Investment advisory commission and fee income	3,181		2,671
Insurance commission and fee income	4,410		4,558
Other service fee income	1,987		1,831
Bank owned life insurance income	783		470
Net gain on sales of investment securities	15		44
Net gain on mortgage banking activities	1,113		1,218
Other income	331		176
Total noninterest income	14,970		13,831
Noninterest expense
Salaries and benefits	16,657		14,182
Commissions	2,050		1,895
Net occupancy	2,665		2,100
Equipment	993		776
Data processing	2,058		1,281
Professional fees	1,239		1,020
Marketing and advertising	379		538
Deposit insurance premiums	402		447
Intangible expenses	759		766
Acquisition-related costs	—		214
Integration costs	—		6
Other expense	4,828		3,714
Total noninterest expense	32,030		26,939
Income before income taxes	14,778		10,089
Income taxes	3,922		2,800
Net income	$	10,856	$	7,289
Net income per share:
Basic	$	0.41	$	0.37
Diluted	0.41		0.37
Dividends declared	0.20		0.20

Note: See accompanying notes to the unaudited consolidated financial statements.

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UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended March 31,
(Dollars in thousands)	2017									2016
	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Income	$	14,778		$	3,922		$	10,856		$	10,089		$	2,800		$	7,289
Other comprehensive income:
Net unrealized gains on available-for-sale investment securities:
Net unrealized holding gains arising during the period	420			147			273			2,218			776			1,442
Less: reclassification adjustment for net gains on sales realized in net income (1)	(15		)	(5		)	(10		)	(44		)	(15		)	(29		)
Total net unrealized gains on available-for-sale investment securities	405			142			263			2,174			761			1,413
Net unrealized gains (losses) on interest rate swaps used in cash flow hedges:
Net unrealized holding gains (losses) arising during the period	7			2			5			(626		)	(219		)	(407		)
Less: reclassification adjustment for net losses realized in net income (2)	71			25			46			81			28			53
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges	78			27			51			(545		)	(191		)	(354		)
Defined benefit pension plans:
Amortization of net actuarial loss included in net periodic pension costs (3)	299			105			194			329			115			214
Accretion of prior service cost included in net periodic pension costs (3)	(70		)	(24		)	(46		)	(71		)	(25		)	(46		)
Total defined benefit pension plans	229			81			148			258			90			168
Other comprehensive income	712			250			462			1,887			660			1,227
Total comprehensive income	$	15,490		$	4,172		$	11,318		$	11,976		$	3,460		$	8,516

(1) Included in net gain on sales of investment securities on the consolidated statements of income (before tax amount).

(2) Included in interest expense on deposits on the consolidated statements of income (before tax amount).

(3) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 6—Retirement Plans and Other Postretirement Benefits for additional details.

Note: See accompanying notes to the unaudited consolidated financial statements.

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UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

(Dollars in thousands, except share and per share data)	Common Shares Outstanding		Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive (Loss) Income			Treasury Stock			Total
Three Months Ended March 31, 2017
Balance at December 31, 2016	26,589,353		$	144,559	$	230,494		$	194,516		$	(19,454	)	$	(44,906	)	$	505,209
Net income	—		—		—			10,856			—			—			10,856
Other comprehensive income, net of income tax	—		—		—			—			462			—			462
Cash dividends declared ($0.20 per share)	—		—		—			(5,322		)	—			—			(5,322		)
Stock issued under dividend reinvestment and employee stock purchase plans	20,944		—		16			—			—			601			617
Exercise of stock options	47,704		—		(62		)	—			—			923			861
Repurchase of cancelled restricted stock awards	(13,125	)	—		246			—			—			(246		)	—
Stock-based compensation	—		—		831			—			—			—			831
Purchases of treasury stock	(57,804	)	—		—			—			—			(1,634		)	(1,634		)
Restricted stock awards granted	58,448		—		(1,134		)	—			—			1,134			—
Balance at March 31, 2017	26,645,520		$	144,559	$	230,391		$	200,050		$	(18,992	)	$	(44,128	)	$	511,880

(Dollars in thousands, except share and per share data)	Common Shares Outstanding		Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive (Loss) Income			Treasury Stock			Total
Three Months Ended March 31, 2016
Balance at December 31, 2015	19,530,930		$	110,271	$	121,280		$	193,446		$	(16,708	)	$	(46,715	)	$	361,574
Net income	—		—		—			7,289			—			—			7,289
Other comprehensive income, net of income tax	—		—		—			—			1,227			—			1,227
Cash dividends declared ($0.20 per share)	—		—		—			(3,908		)	—			—			(3,908		)
Stock issued under dividend reinvestment and employee stock purchase plans	30,121		—		8			—			—			609			617
Exercise of stock options	14,167		—		9			—			—			265			274
Repurchase of cancelled restricted stock awards	(14,250	)	—		241			—			—			(241		)	—
Stock-based compensation	—		—		451			—			—			—			451
Purchases of treasury stock	(26,750	)	—		—			—			—			(521		)	(521		)
Restricted stock awards granted	58,580		—		(1,083		)	—			—			1,083			—
Balance at March 31, 2016	19,592,798		$	110,271	$	120,906		$	196,827		$	(15,481	)	$	(45,520	)	$	367,003

Note: See accompanying notes to the unaudited consolidated financial statements.

5

UNIVEST CORPORATION OF PENNSYLVANIA

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Cash flows from operating activities:
Net income	$	10,856		$	7,289
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	2,445			326
Depreciation of premises and equipment	1,192			946
Net amortization of investment securities premiums and discounts	515			320
Net gain on sales of investment securities	(15		)	(44		)
Net gain on mortgage banking activities	(1,113		)	(1,218		)
Bank owned life insurance income	(783		)	(470		)
Net accretion of acquisition accounting fair value adjustments	(764		)	(100		)
Stock-based compensation	831			451
Intangible expenses	759			766
Other adjustments to reconcile net income to cash provided by operating activities	(130		)	5
Deferred tax expense	1,087			905
Originations of loans held for sale	(24,828		)	(44,414		)
Proceeds from the sale of loans held for sale	30,568			46,003
Contributions to pension and other postretirement benefit plans	(69		)	(60		)
Decrease (increase) in accrued interest receivable and other assets	851			(2,503		)
Increase in accrued interest payable and other liabilities	(3,715		)	(1,469		)
Net cash provided by operating activities	17,687			6,733
Cash flows from investing activities:
Net capital expenditures	(2,299		)	(2,177		)
Proceeds from maturities and calls of securities held-to-maturity	10,026			4,000
Proceeds from maturities and calls of securities available-for-sale	18,782			18,693
Proceeds from sales of securities available-for-sale	1,762			53,181
Purchases of investment securities held-to-maturity	(18,209		)	—
Purchases of investment securities available-for-sale	(9,009		)	(32,573		)
Net (increase) decrease in other investments	(453		)	118
Net increase in loans and leases	(56,550		)	(7,507		)
Net (increase) decrease in interest-earning deposits	(3,987		)	21,156
Proceeds from sales of other real estate owned	2,039			—
Proceeds from bank owned life insurance	211			—
Net cash (used in) provided by investing activities	(57,687		)	54,891
Cash flows from financing activities:
Net increase (decrease) in deposits	108,543			(59,934		)
Net (decrease) increase in short-term borrowings	(116,805		)	1,640
Proceeds from issuance of long-term debt	55,000			—
Payment of contingent consideration on acquisitions	(5,284		)	(900		)
Purchases of treasury stock	(1,634		)	(521		)
Stock issued under dividend reinvestment and employee stock purchase plans	617			617
Proceeds from exercise of stock options	861			274
Cash dividends paid	(5,310		)	(3,896		)
Net cash provided by (used in) financing activities	35,988			(62,720		)
Net decrease in cash and due from banks	(4,012		)	(1,096		)
Cash and due from banks at beginning of year	48,757			32,356
Cash and due from banks at end of period	$	44,745		$	31,260
Supplemental disclosures of cash flow information:
Cash paid for interest	$	4,729		$	3,113
Cash paid for income taxes, net of refunds	157			685
Non cash transactions:
Transfer of loans to other real estate owned	$	653		$	1,797

Note: See accompanying notes to the unaudited consolidated financial statements.

6

UNIVEST CORPORATION OF PENNSYLVANIA AND SUBSIDIARIES

Notes to the Unaudited Consolidated Financial Statements

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Corporation of Pennsylvania (the Corporation or Univest) and its wholly owned subsidiaries; the Corporation’s primary subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the three-month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ended December 31, 2017. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on March 4, 2016.

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation expense.

Recent Accounting Pronouncements

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-07, "Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." The amendments in this ASU require that an employer that sponsors defined benefit pension plans and other postretirement plans, present the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendments also allow only the service cost component to be eligible for capitalization, when applicable. This ASU is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods, or January 1, 2018 for the Corporation. This ASU should be applied retrospectively for the presentation requirements and prospectively for the capitalization of the service cost component requirements. The amendments allow a practical expedient that permits an employer to use the amounts disclosed in its pension and other postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. Disclosure that the practical expedient was used is required. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." This ASU eliminates Step 2 of the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or for the Corporation's goodwill impairment test in 2020. Early adoption is permitted for

7

goodwill impairment tests with measurement dates after January 1, 2017. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business." The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business – inputs, processes, and outputs. While an integrated set of assets and activities (collectively referred to as a “set”) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. The amendments in this ASU provide a screen to determine when a set is not a business. If the screen is not met, the amendments (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output, and (2) remove the evaluation of whether a market participant could replace missing elements. The ASU provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods, or January 1, 2018 for the Corporation. The amendments in this ASU should be applied prospectively on or after the effective date. The Corporation does not anticipate the adoption of this ASU will have a material impact on the Corporation's financial statements.

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified-retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which an other-than-temporary impairment has been recognized before the effective date. The ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years for public business entities that are SEC filers, or January 1, 2020 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated that the allowance will increase upon adoption of CECL and that the increased allowance level will decrease regulatory capital and ratios.

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" to revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. Disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. These practical expedients relate to the identification and classification of leases that commenced before the effective date, initial direct costs for leases that commenced before the effective date, and the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset. An entity that elects to apply the practical expedients will, in effect, continue to account for leases that commence before the effective date in accordance with previous GAAP unless the lease is modified, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. The ASU is effective for the first interim period within annual periods beginning after December 15, 2018, or January 1, 2019, with early adoption permitted. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, the adoption of this ASU will impact the balance sheet for the recording of assets and liabilities for operating leases; any initial or continued impact of the recording of assets will have an impact on risk-based capital ratios under current regulatory guidance and possibly equity ratios.

In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The ASU will require equity investments to be measured at fair value with changes in fair value recognized in net income. When fair value is not readily determinable, an entity may elect to measure the equity investment at cost, minus impairment, plus or minus any change in the investment’s observable price. The ASU will simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment

8

to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. A valuation allowance on a deferred tax asset related to available-for-sale securities will need to be included. For financial liabilities that are measured at fair value, the ASU requires an entity to present separately, in other comprehensive income, any change in fair value resulting from a change in instrument-specific credit risk. An entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption. The amendments in this ASU are effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2017 or January 1, 2018 for the Corporation. At March 31, 2017, the Corporation's equity portfolio had a carrying value of $941 thousand which included an unrealized net gain of $532 thousand. This unrealized net gain, net of income taxes, amounted to $345 thousand and was recorded in accumulated other comprehensive income. Upon implementation using the prospective approach, the balance in accumulated other comprehensive income will be reclassed to retained earnings. The carrying value of the equity securities, upon implementation, will not change; however, any future increases or decreases in fair value will be recorded as an increase or decrease to the carrying value and recognized in non-interest income.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." This ASU clarifies the principles for recognizing revenue and develops a common standard for U.S. GAAP and International Financial Reporting Standards. The ASU establishes a core principle that would require an entity to identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. The ASU provides for improved disclosure requirements that require entities to disclose sufficient information that enables users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross Versus Net),” which instructs the participants in the sale to determine whether they control the good or service and are entitled to the gross amount of the transaction or are acting as an agent and should collect only a fee or commission for arranging the sale. In April 2016, the FASB issued ASU No. 2016-10, “Identifying Performance Obligations and Licensing" to provide clarification on these areas. In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers - Narrow Scope Improvements and Practical Expedients” providing some limited improvements and practical expedients. The original effective date of the guidance relating to revenue from contracts with customers was deferred by one year as a result of the issuance of ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,” which was issued by the FASB in August 2015. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017, or January 1, 2018 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated the impact will be only related to timing.

9

Note 2. Investment Securities

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at March 31, 2017 and December 31, 2016, by contractual maturity within each type:

	At March 31, 2017									At December 31, 2016
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years	$	5,000	$	—	$	(8	)	$	4,992	$	—	$	—	$	—		$	—
	5,000		—		(8		)	4,992		—		—		—			—
Residential mortgage-backed securities:
After 5 years to 10 years	4,959		2		—			4,961		—		—		—			—
Over 10 years	13,066		16		(9		)	13,073		5,071		—		(3		)	5,068
	18,025		18		(9		)	18,034		5,071		—		(3		)	5,068
Corporate bonds:
Within 1 year	10,002		—		(6		)	9,996		19,810		2		(9		)	19,803
	10,002		—		(6		)	9,996		19,810		2		(9		)	19,803
Total	$	33,027	$	18	$	(23	)	$	33,022	$	24,881	$	2	$	(12	)	$	24,871
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year	$	15,000	$	6	$	—		$	15,006	$	15,000	$	20	$	—		$	15,020
After 1 year to 5 years	17,220		2		(24		)	17,198		17,265		—		(19		)	17,246
	32,220		8		(24		)	32,204		32,265		20		(19		)	32,266
State and political subdivisions:
Within 1 year	2,105		—		—			2,105		964		—		(1		)	963
After 1 year to 5 years	18,122		67		(24		)	18,165		18,705		38		(75		)	18,668
After 5 years to 10 years	54,737		955		(250		)	55,442		55,541		829		(426		)	55,944
Over 10 years	8,855		138		(79		)	8,914		12,663		226		(114		)	12,775
	83,819		1,160		(353		)	84,626		87,873		1,093		(616		)	88,350
Residential mortgage-backed securities:
After 1 year to 5 years	5,628		6		(46		)	5,588		6,086		—		(66		)	6,020
After 5 years to 10 years	31,927		1		(771		)	31,157		23,479		—		(622		)	22,857
Over 10 years	157,202		95		(3,663		)	153,634		174,388		99		(4,794		)	169,693
	194,757		102		(4,480		)	190,379		203,953		99		(5,482		)	198,570
Collateralized mortgage obligations:
Over 10 years	4,390		—		(89		)	4,301		4,659		—		(105		)	4,554
	4,390		—		(89		)	4,301		4,659		—		(105		)	4,554
Corporate bonds:
Within 1 year	7,032		—		(24		)	7,008		250		—		—			250
After 1 year to 5 years	29,773		61		(154		)	29,680		35,923		34		(241		)	35,716
After 5 years to 10 years	15,187		—		(396		)	14,791		15,193		—		(516		)	14,677
Over 10 years	60,000		—		(3,612		)	56,388		60,000		27		(2,472		)	57,555
	111,992		61		(4,186		)	107,867		111,366		61		(3,229		)	108,198
Money market mutual funds:
No stated maturity	11,294		—		—			11,294		10,784		—		—			10,784
	11,294		—		—			11,294		10,784		—		—			10,784
Equity securities:
No stated maturity	409		533		(1		)	941		411		504		—			915
	409		533		(1		)	941		411		504		—			915
Total	$	438,881	$	1,864	$	(9,133	)	$	431,612	$	451,311	$	1,777	$	(9,451	)	$	443,637

10

Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due. Unrealized losses in investment securities at March 31, 2017 and December 31, 2016 do not represent other-than-temporary impairments in management's judgment.

Securities with a carrying value of $355.3 million and $356.7 million at March 31, 2017 and December 31, 2016, respectively, were pledged to secure public deposits and other contractual obligations. In addition, securities of $1.4 million were pledged to secure credit derivatives and interest rate swaps at March 31, 2017 and December 31, 2016. See Note 10, "Derivative Instruments and Hedging Activities" for additional information.

The following table presents information related to sales of securities available-for-sale during the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
(Dollars in thousands)	2017		2016
Securities available-for-sale:
Proceeds from sales	$	1,762	$	53,181
Gross realized gains on sales	15		106
Gross realized losses on sales	—		62
Tax expense related to net realized gains on sales	5		15

Management evaluates debt securities, which are comprised of U.S. government, government sponsored agencies, municipalities, corporate bonds and other issuers, for other-than-temporary impairment by considering the current economic conditions, the length of time and the extent to which the fair value has been less than cost, market interest rates and the credit rating of each security. The Corporation does not have the intent to sell the debt securities and believes it is more likely than not, that it will not have to sell the securities before recovery of their cost basis. The Corporation did not recognize any other-than-temporary impairment charges on debt securities for the three months ended March 31, 2017 and 2016.

At March 31, 2017 and December 31, 2016, there were no investments in any single non-federal issuer representing more than 10% of shareholders’ equity.

11

The following table shows the fair value of securities that were in an unrealized loss position at March 31, 2017 and December 31, 2016 by the length of time those securities were in a continuous loss position. For the investment securities in an unrealized loss position, the Corporation has concluded, based on its analysis, that the unrealized losses are primarily caused by the movement of interest rates and current market conditions. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the par value of the investment. It is more likely than not that the Corporation will not be required to sell the investment before a recovery of carrying value.

	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2017
Securities Held-to-Maturity
U.S. government corporations and agencies	$	4,992	$	(8	)	$	—	$	—		$	4,992	$	(8	)
Residential mortgage-backed securities	5,000		(9		)	—		—			5,000		(9		)
Corporate bonds	4,995		(6		)	—		—			4,995		(6		)
Total	$	14,987	$	(23	)	$	—	$	—		$	14,987	$	(23	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	11,837	$	(24	)	$	—	$	—		$	11,837	$	(24	)
State and political subdivisions	22,082		(344		)	1,706		(9		)	23,788		(353		)
Residential mortgage-backed securities	180,647		(4,480		)	—		—			180,647		(4,480		)
Collateralized mortgage obligations	1,885		(14		)	2,416		(75		)	4,301		(89		)
Corporate bonds	66,728		(2,025		)	32,839		(2,161		)	99,567		(4,186		)
Equity securities	3		(1		)	—		—			3		(1		)
Total	$	283,182	$	(6,888	)	$	36,961	$	(2,245	)	$	320,143	$	(9,133	)
At December 31, 2016
Securities Held-to-Maturity
Residential mortgage-backed securities	$	5,068	$	(3	)	$	—	$	—		$	5,068	$	(3	)
Corporate bonds	9,779		(9		)	—		—			9,779		(9		)
Total	$	14,847	$	(12	)	$	—	$	—		$	14,847	$	(12	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	11,850	$	(19	)	$	—	$	—		$	11,850	$	(19	)
State and political subdivisions	40,771		(610		)	423		(6		)	41,194		(616		)
Residential mortgage-backed securities	192,782		(5,482		)	—		—			192,782		(5,482		)
Collateralized mortgage obligations	2,012		(26		)	2,542		(79		)	4,554		(105		)
Corporate bonds	58,535		(1,333		)	33,104		(1,896		)	91,639		(3,229		)
Total	$	305,950	$	(7,470	)	$	36,069	$	(1,981	)	$	342,019	$	(9,451	)

12

Note 3. Loans and Leases

Summary of Major Loan and Lease Categories

	At March 31, 2017
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	750,342		$	90,629	$	840,971
Real estate-commercial	1,013,978			389,690		1,403,668
Real estate-construction	170,178			11,409		181,587
Real estate-residential secured for business purpose	180,830			111,402		292,232
Real estate-residential secured for personal purpose	220,543			74,889		295,432
Real estate-home equity secured for personal purpose	154,363			12,736		167,099
Loans to individuals	27,915			148		28,063
Lease financings	132,864			—		132,864
Total loans and leases held for investment, net of deferred income	$	2,651,013		$	690,903	$	3,341,916
Unearned lease income, included in the above table	$	(15,524	)	$	—	$	(15,524	)
Net deferred costs, included in the above table	4,418			—		4,418
Overdraft deposits included in the above table	73			—		73

	At December 31, 2016
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	663,221		$	160,045	$	823,266
Real estate-commercial	909,581			465,368		1,374,949
Real estate-construction	142,891			31,953		174,844
Real estate-residential secured for business purpose	151,931			142,137		294,068
Real estate-residential secured for personal purpose	210,377			80,431		290,808
Real estate-home equity secured for personal purpose	147,982			14,857		162,839
Loans to individuals	30,110			263		30,373
Lease financings	134,739			—		134,739
Total loans and leases held for investment, net of deferred income	$	2,390,832		$	895,054	$	3,285,886
Unearned lease income, included in the above table	$	(15,970	)	$	—	$	(15,970	)
Net deferred costs, included in the above table	4,503			—		4,503
Overdraft deposits included in the above table	84			—		84

Overdraft deposits are re-classified as loans and are included in the total loans and leases on the balance sheet.

The carrying amount of acquired loans at March 31, 2017 totaled $690.9 million, including $535.7 million of loans from the Fox Chase acquisition and $155.2 million from the Valley Green Bank acquisition. At March 31, 2017, loans acquired with deteriorated credit quality, or acquired credit impaired loans, were $5.8 million from the Fox Chase acquisition and $788 thousand from the Valley Green Bank acquisition. Acquired credit impaired loans are accounted for in accordance with Accounting Standards Codification (ASC) Topic 310-30.

The outstanding principal balance and carrying amount for acquired credit impaired loans at March 31, 2017 and December 31, 2016 were as follows:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016
Outstanding principal balance	$	8,007	$	8,993
Carrying amount	6,616		7,352
Allowance for loan losses	—		—

13

The following table presents the changes in accretable yield on acquired credit impaired loans:

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Beginning of period	$	50		$	144
Reclassification from nonaccretable discount	107			46
Accretable discount amortized to interest income	(116		)	(74		)
Disposals	(4		)	—
End of period	$	37		$	116

14

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Acquired Credit Impaired		Total Loans and Leases Held for Investment		Recorded Investment 90 Days or more Past Due and Accruing Interest
At March 31, 2017
Commercial, financial and agricultural	$	1,466	$	—	$	1,548	$	3,014	$	837,397	$	560	$	840,971	$	—
Real estate—commercial real estate and construction:
Commercial real estate	4,606		47		1,466		6,119		1,392,288		5,261		1,403,668		—
Construction	—		365		—		365		181,222		—		181,587		—
Real estate—residential and home equity:
Residential secured for business purpose	1,700		1,227		1,328		4,255		287,395		582		292,232		—
Residential secured for personal purpose	2,125		—		767		2,892		292,327		213		295,432		508
Home equity secured for personal purpose	471		343		459		1,273		165,826		—		167,099		109
Loans to individuals	266		38		142		446		27,617		—		28,063		142
Lease financings	5,948		822		5,721		12,491		120,373		—		132,864		160
Total	$	16,582	$	2,842	$	11,431	$	30,855	$	3,304,445	$	6,616	$	3,341,916	$	919
At December 31, 2016
Commercial, financial and agricultural	$	1,536	$	256	$	1,335	$	3,127	$	819,550	$	589	$	823,266	$	—
Real estate—commercial real estate and construction:
Commercial real estate	1,482		1,560		2,591		5,633		1,363,606		5,710		1,374,949		—
Construction	202		—		—		202		174,642		—		174,844		—
Real estate—residential and home equity:
Residential secured for business purpose	1,390		428		1,539		3,357		289,927		784		294,068		—
Residential secured for personal purpose	3,243		905		879		5,027		285,512		269		290,808		481
Home equity secured for personal purpose	717		142		521		1,380		161,459		—		162,839		171
Loans to individuals	324		95		142		561		29,812		—		30,373		142
Lease financings	1,731		1,418		729		3,878		130,861		—		134,739		193
Total	$	10,625	$	4,804	$	7,736	$	23,165	$	3,255,369	$	7,352	$	3,285,886	$	987

15

Non-Performing Loans and Leases

The following presents, by class of loans and leases, non-performing loans and leases at March 31, 2017 and December 31, 2016:

	At March 31, 2017								At December 31, 2016
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Non- Performing Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Non- Performing Loans and Leases
Commercial, financial and agricultural	$	5,305	$	954	$	—	$	6,259	$	5,746	$	967	$	—	$	6,713
Real estate—commercial real estate and construction:
Commercial real estate	4,133		1,506		—		5,639		5,651		1,519		—		7,170
Real estate—residential and home equity:
Residential secured for business purpose	3,845		316		—		4,161		4,898		766		—		5,664
Residential secured for personal purpose	514		42		508		1,064		560		—		481		1,041
Home equity secured for personal purpose	498		—		109		607		525		—		171		696
Loans to individuals	—		—		142		142		—		—		142		142
Lease financings	5,561		—		160		5,721		536		—		193		729
Total	$	19,856	$	2,818	$	919	$	23,593	$	17,916	$	3,252	$	987	$	22,155

* Includes nonaccrual troubled debt restructured loans and lease modifications of $1.7 million and $1.8 million at March 31, 2017 and December 31, 2016, respectively.

The increase in nonaccrual lease financings represents software leases totaling $5.0 million under a vendor referral program. These leases are personally guaranteed by high net worth individuals. During the first quarter of 2017, the lessees stopped making payments due to disputes with the vendor, and Univest Capital, Inc., a subsidiary of the Corporation, filed legal complaints to pursue collection of all amounts owed. A complaint was subsequently filed against Univest Capital Inc. and certain other defendants on March 28, 2017 by one of the lessees in federal court in Texas seeking, among other things, class action certification and a declaration that the contracts and related guarantees are null and void. Univest Capital, Inc. has not been served with the complaint, and the plaintiff has been directed to file an amended complaint on or before May 5, 2017. As of the filing date, the outcome of the matter is neither probable nor estimable.

Credit Quality Indicators

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at March 31, 2017 and December 31, 2016.

The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating.

1. Cash Secured—No credit risk

2. Fully Secured—Negligible credit risk

3. Strong—Minimal credit risk

4. Satisfactory—Nominal credit risk

5. Acceptable—Moderate credit risk

6. Pre-Watch—Marginal, but stable credit risk

7. Special Mention—Potential weakness

8. Substandard—Well-defined weakness

9. Doubtful—Collection in-full improbable

10. Loss—Considered uncollectible

16

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2017
Grade:
1. Cash secured/ 2. Fully secured	$	1,579	$	—	$	16,754	$	—	$	18,333
3. Strong	11,641		2,001		—		—		13,642
4. Satisfactory	16,479		39,513		—		361		56,353
5. Acceptable	552,555		767,428		116,973		156,111		1,593,067
6. Pre-watch	135,055		145,103		35,726		15,955		331,839
7. Special Mention	6,454		22,757		360		2,172		31,743
8. Substandard	26,579		37,176		365		6,231		70,351
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	750,342	$	1,013,978	$	170,178	$	180,830	$	2,115,328
At December 31, 2016
Grade:
1. Cash secured/ 2. Fully secured	$	272	$	—	$	13,714	$	162	$	14,148
3. Strong	14,980		2,045		—		—		17,025
4. Satisfactory	35,529		38,861		—		367		74,757
5. Acceptable	465,675		676,212		110,650		133,716		1,386,253
6. Pre-watch	113,499		128,646		18,213		12,025		272,383
7. Special Mention	8,820		22,439		314		1,199		32,772
8. Substandard	24,446		41,378		—		4,462		70,286
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	663,221	$	909,581	$	142,891	$	151,931	$	1,867,624

17

The following table presents classifications for acquired loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2017
Grade:
1. Cash secured/ 2. Fully secured	$	—	$	—	$	—	$	—	$	—
3. Strong	—		—		—		—		—
4. Satisfactory	4,385		825		—		—		5,210
5. Acceptable	66,009		242,512		3,616		90,179		402,316
6. Pre-watch	13,129		128,832		7,793		15,701		165,455
7. Special Mention	1,774		6,715		—		2,229		10,718
8. Substandard	5,332		10,806		—		3,293		19,431
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	90,629	$	389,690	$	11,409	$	111,402	$	603,130
December 31, 2016
Grade:
1. Cash secured/ 2. Fully secured	$	583	$	—	$	—	$	—	$	583
3. Strong	—		—		—		—		—
4. Satisfactory	4,399		1,018		—		—		5,417
5. Acceptable	113,512		282,199		20,565		117,322		533,598
6. Pre-watch	31,697		163,623		11,388		14,405		221,113
7. Special Mention	73		7,705		—		6,245		14,023
8. Substandard	9,781		10,823		—		4,165		24,769
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	160,045	$	465,368	$	31,953	$	142,137	$	799,503

Credit Exposure—Real Estate—Residential Secured for Personal Purpose, Real Estate—Home Equity Secured for Personal Purpose, Loans to individuals, Lease Financing Credit Risk Profile by Payment Activity

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: residential real estate loans secured for a personal purpose, home equity loans secured for a personal purpose, loans to individuals and lease financings. Nonperforming loans and leases are loans and leases past due 90 days or more, loans and leases on nonaccrual of interest and troubled debt restructured loans and lease modifications. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss.

The following table presents classifications for originated loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
At March 31, 2017
Performing	$	220,036	$	153,756	$	27,773	$	127,143	$	528,708
Nonperforming	507		607		142		5,721		6,977
Total	$	220,543	$	154,363	$	27,915	$	132,864	$	535,685
At December 31, 2016
Performing	$	210,208	$	147,286	$	29,968	$	134,010	$	521,472
Nonperforming	169		696		142		729		1,736
Total	$	210,377	$	147,982	$	30,110	$	134,739	$	523,208

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The following table presents classifications for acquired loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
At March 31, 2017
Performing	$	74,332	$	12,736	$	148	$	—	$	87,216
Nonperforming	557		—		—		—		557
Total	$	74,889	$	12,736	$	148	$	—	$	87,773
At December 31, 2016
Performing	$	79,559	$	14,857	$	263	$	—	$	94,679
Nonperforming	872		—		—		—		872
Total	$	80,431	$	14,857	$	263	$	—	$	95,551

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three months ended March 31, 2017 and 2016:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended March 31, 2017
Reserve for loan and lease losses:
Beginning balance	$	7,037		$	7,505		$	774		$	993		$	364		$	788		$	38		$	17,499
Charge-offs	(178		)	—			(42		)	(94		)	(126		)	(257		)	N/A			(697		)
Recoveries	187			3			10			17			35			29			N/A			281
Provision (recovery of provision)	844			116			603			82			62			769			(34		)	2,442
Provision for acquired credit impaired loans	—			—			—			3			—			—			—			3
Ending balance	$	7,890		$	7,624		$	1,345		$	1,001		$	335		$	1,329		$	4		$	19,528
Three Months Ended March 31, 2016
Reserve for loan and lease losses:
Beginning balance	$	6,418		$	6,572		$	763		$	1,575		$	346		$	1,042		$	912		$	17,628
Charge-offs	(1,481		)	(26		)	(238		)	(46		)	(76		)	(205		)	N/A			(2,072		)
Recoveries	450			7			19			17			33			44			N/A			570
Provision (recovery of provision)	243			(82		)	203			(233		)	53			41			102			327
Recovery of provision for acquired credit impaired loans	—			—			—			(1		)	—			—			—			(1		)
Ending balance	$	5,630		$	6,471		$	747		$	1,312		$	356		$	922		$	1,014		$	16,452

N/A – Not applicable

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(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At March 31, 2017
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	8	$	26	$	364	$	1	$	—	$	580	N/A		$	979
Ending balance: collectively evaluated for impairment	7,882		7,598		981		1,000		335		749		4		18,549
Total ending balance	$	7,890	$	7,624	$	1,345	$	1,001	$	335	$	1,329	$	4	$	19,528
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	9,524	$	21,658	$	5,178	$	1,054	$	—	$	5,021			$	42,435
Ending balance: collectively evaluated for impairment	740,818		1,160,406		175,652		373,852		27,915		127,843				2,606,486
Loans measured at fair value	—		2,092		—		—		—		—				2,092
Acquired non-credit impaired loans	90,069		395,838		110,820		87,412		148		—				684,287
Acquired credit impaired loans	560		5,261		582		213		—		—				6,616
Total ending balance	$	840,971	$	1,585,255	$	292,232	$	462,531	$	28,063	$	132,864			$	3,341,916
At March 31, 2016
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	151	$	140	$	20	$	30	$	—	$	—	N/A		$	341
Ending balance: collectively evaluated for impairment	5,479		6,323		727		1,282		356		922		1,014		16,103
Ending balance: acquired credit impaired loans evaluated for impairment	—		8		—		—		—		—		—		8
Total ending balance	$	5,630	$	6,471	$	747	$	1,312	$	356	$	922	$	1,014	$	16,452
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	12,977	$	29,375	$	3,618	$	504	$	—	$	—			$	46,474
Ending balance: collectively evaluated for impairment	473,135		821,684		99,973		314,885		28,140		125,814				1,863,631
Acquired non-credit impaired loans	21,207		122,415		113,923		14,058		281		—				271,884
Acquired credit impaired loans	—		517		750		—		—		—				1,267
Total ending balance	$	507,319	$	973,991	$	218,264	$	329,447	$	28,421	$	125,814			$	2,183,256

N/A – Not applicable

The Corporation records a provision for loan loss for the acquired non-impaired loans only when additional deterioration of the portfolio is identified over the projections utilized in the initial fair value analysis. After the acquisition measurement period, the present value of any decreases in expected cash flows of acquired credit impaired loans will generally result in an impairment charge recorded as a provision for loan loss, resulting in an increase to the allowance.

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Impaired Loans

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at March 31, 2017 and December 31, 2016. The impaired loans exclude acquired credit impaired loans.

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Impaired loans with no related reserve recorded:
Commercial, financial and agricultural	$	9,437	$	10,960			$	10,911	$	12,561
Real estate—commercial real estate	21,062		21,906				24,469		25,342
Real estate—residential secured for business purpose	3,937		4,338				5,704		6,253
Real estate—residential secured for personal purpose	556		596				560		594
Real estate—home equity secured for personal purpose	441		445				525		528
Total impaired loans with no related reserve recorded	$	35,433	$	38,245			$	42,169	$	45,278
Impaired loans with a reserve recorded:
Commercial, financial and agricultural	$	87	$	211	$	8	$	166	$	166	$	19
Real estate—commercial real estate	596		596		26		597		597		25
Real estate—residential secured for business purpose	1,241		1,519		364		983		1,105		191
Real estate—home equity secured for personal purpose	57		57		1		—		—		—
Total impaired loans with a reserve recorded	$	1,981	$	2,383	$	399	$	1,746	$	1,868	$	235

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Total impaired loans:
Commercial, financial and agricultural	$	9,524	$	11,171	$	8	$	11,077	$	12,727	$	19
Real estate—commercial real estate	21,658		22,502		26		25,066		25,939		25
Real estate—residential secured for business purpose	5,178		5,857		364		6,687		7,358		191
Real estate—residential secured for personal purpose	556		596		—		560		594		—
Real estate—home equity secured for personal purpose	498		502		1		525		528		—
Total impaired loans	$	37,414	$	40,628	$	399	$	43,915	$	47,146	$	235

Impaired loans include nonaccrual loans, accruing troubled debt restructured loans and other accruing impaired loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates. Impaired loans include other accruing impaired loans of $20.3 million and $23.3 million at March 31, 2017 and December 31, 2016, respectively. Specific reserves on other accruing impaired loans were $650 thousand and $84 thousand at March 31, 2017 and December 31, 2016, respectively.

21

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 

	Three Months Ended March 31, 2017						Three Months Ended March 31, 2016
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms
Commercial, financial and agricultural	$	11,418	$	43	$	85	$	13,569	$	68	$	95
Real estate—commercial real estate	23,949		233		73		29,212		305		70
Real estate—residential secured for business purpose	4,268		16		44		4,273		27		47
Real estate—residential secured for personal purpose	552		—		8		568		2		4
Real estate—home equity secured for personal purpose	525		—		5		177		—		2
Total	$	40,712	$	292	$	215	$	47,799	$	402	$	218

* Includes interest income recognized on a cash basis for nonaccrual loans of $1 thousand and $7 thousand for the three months ended March 31, 2017 and 2016, respectively and interest income recognized on the accrual method for accruing impaired loans of $291 thousand and $395 thousand for the three months ended March 31, 2017 and 2016, respectively.

Impaired Leases

The Corporation had impaired leases of $5.0 million with related reserves of $580 thousand at March 31, 2017. The Corporation had no impaired leases at December 31, 2016. See discussion in Non-Performing Loans and Leases.

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended March 31, 2017							Three Months Ended March 31, 2016
(Dollars in thousands)	Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve		Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	$	—	$	—	1	$	1,545	$	1,545	$	—
Total	—	$	—	$	—	$	—	1	$	1,545	$	1,545	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	$	—	$	—	—	$	—	$	—	$	—

The Corporation grants concessions primarily related to extensions of interest-only payment periods and an occasional payment modification. These modifications typically are for a short-term basis up to one year. The goal when restructuring a credit is to establish a reasonable period of time to provide cash flow relief to customers experiencing cash flow difficulties. Accruing troubled debt restructured loans are primarily comprised of loans on which interest is being accrued under the restructured terms, and the loans are current or less than ninety days past due.

22

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three months ended March 31, 2017 and 2016.

	Amortization Period Extension			Total Concessions Granted
(Dollars in thousands)	No. of Loans	Amount		No. of Loans	Amount
Three Months Ended March 31, 2017
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Three Months Ended March 31, 2016
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	1	$	1,545	1	$	1,545
Total	1	$	1,545	1	$	1,545
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:

	Three Months Ended March 31,
	2017			2016
(Dollars in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	1	$	50
Total	—	$	—	1	$	50
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016
Real estate-home equity secured for personal purpose	$	180	$	180
Total	$	180	$	180

The Corporation held no foreclosed consumer residential real estate property at March 31, 2017 and December 31, 2016.

Note 4. Goodwill and Other Intangible Assets

The Corporation has covenants not to compete, core deposit and customer-related intangibles and servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The Corporation also has goodwill which is deemed to be an indefinite intangible asset and is not amortized.

Changes in the carrying amount of the Corporation's goodwill by business segment for the three months ended March 31, 2017 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2016	$	138,476	$	15,434	$	18,649	$	172,559
Addition to goodwill from acquisitions	—		—		—		—
Balance at March 31, 2017	$	138,476	$	15,434	$	18,649	$	172,559

23

The following table reflects the components of intangible assets at the dates indicated:

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization and Fair Value Adjustments		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Fair Value Adjustments		Net Carrying Amount
Amortized intangible assets:
Covenants not to compete	$	710	$	307	$	403	$	710	$	205	$	505
Core deposit intangibles	6,788		1,299		5,489		6,788		1,004		5,784
Customer related intangibles	12,381		8,852		3,529		12,381		8,504		3,877
Servicing rights	14,712		8,210		6,502		14,369		7,884		6,485
Total amortized intangible assets	$	34,591	$	18,668	$	15,923	$	34,248	$	17,597	$	16,651

The estimated aggregate amortization expense for covenants not to compete and core deposit and customer related intangibles for the remainder of 2017 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2017		$	2,085
2018		2,114
2019		1,565
2020		1,200
2021		923
Thereafter		1,534

The Corporation has originated mortgage servicing rights which are included in other intangible assets on the consolidated balance sheets. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing income on a basis similar to the interest method and an accelerated amortization method for loan payoffs. Mortgage servicing rights are subject to impairment testing on a quarterly basis. The aggregate fair value of these rights was $9.8 million and $9.5 million at March 31, 2017 and December 31, 2016, respectively. The fair value of mortgage servicing rights was determined using a discount rate of 10.0% at March 31, 2017, and December 31, 2016. The Corporation also records servicing rights on small business administration (SBA) loans. The value of these servicing rights was $15 thousand at March 31, 2017.

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Beginning of period	$	6,485		$	5,877
Servicing rights capitalized	343			311
Amortization of servicing rights	(326		)	(349		)
Changes in valuation allowance	—			—
End of period	$	6,502		$	5,839
Residential mortgage and SBA loans serviced for others	$	972,617		$	872,958

There was no activity in the valuation allowance for the three months ended March 31, 2017 and March 31, 2016.

The estimated amortization expense of servicing rights for the remainder of 2017 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2017		$	931
2018		818
2019		711
2020		616
2021		533
Thereafter		2,893

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Note 5. Borrowings

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization from the Fox Chase acquisition.

	At March 31, 2017				At December 31, 2016
(Dollars in thousands)	Balance at End of Period		Weighted Average Interest Rate at End of Period		Balance at End of Period		Weighted Average Interest Rate at End of Period
Short-term borrowings:
FHLB borrowings	$	9,715	0.99	%	$	91,300	0.74	%
Federal funds purchased	45,000		1.05		80,000		0.81
Customer repurchase agreements	24,651		0.05		24,871		0.05
Long-term debt:
FHLB advances	$	150,912	1.28	%	$	96,248	0.94	%
Security repurchase agreements	31,154		1.02		31,274		0.91
Subordinated notes	$	94,148	5.36	%	$	94,087	5.36	%

The Corporation, through the Bank, has a credit facility with the FHLB with a maximum borrowing capacity of approximately $1.3 billion. Advances from the FHLB are collateralized by a blanket floating lien on all first mortgage loans of the Bank, FHLB capital stock owned by the Bank and any funds on deposit with the FHLB. At March 31, 2017 and December 31, 2016, the Bank had outstanding short-term letters of credit with the FHLB totaling $178.8 million and $148.5 million, respectively, which were utilized to collateralize public funds deposits. The maximum borrowing capacity with the FHLB changes as a function of the Bank’s qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank.    

The Corporation, through the Bank, maintains uncommitted federal fund credit lines with several correspondent banks totaling $327.0 million and $302.0 million at March 31, 2017 and December 31, 2016, respectively. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, has an available line of credit at the Federal Reserve Bank of Philadelphia, the amount of which is dependent upon the balance of loans and securities pledged as collateral. At March 31, 2017 and December 31, 2016, the Corporation had no outstanding borrowings from this line.

The Corporation has a $10.0 million line of credit with a correspondent bank. At March 31, 2017, the Corporation had no outstanding borrowings under this line.

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of March 31, 2017		Weighted Average Rate
Remainder of 2017	$	65,829	0.83	%
2018	10,083		0.69
2019	10,000		1.35
2020	40,000		1.70
2021	25,000		1.97
Thereafter	—		—
Total	$	150,912	1.28	%

FHLB borrowings totaling $50.8 million that mature in 2017 have a "Call Date"; if the borrowing is called, the Corporation has the option to either pay off the borrowing without penalty or the fixed rate borrowing resets to a variable three-month LIBOR based rate. Subsequent to the call date, the borrowings are callable by the FHLB quarterly. Accordingly, the contractual maturities may differ from actual maturities.

25

Long-term debt under security repurchase agreements with large commercial banks mature as follows:

(Dollars in thousands)	As of March 31, 2017		Weighted Average Rate
Remainder of 2017	$	—	—	%
2018	10,351		0.83
2019	10,380		1.11
2020	10,423		1.12
2021	—		—
Thereafter	—		—
Total	$	31,154	1.02	%

Long-term debt under security repurchase agreements totaling $26.0 million are variable based on the one-month LIBOR rate plus a spread; one borrowing for $5.2 million has a fixed interest rate and may be called by the lender based on the underlying agreement.

On April 25, 2017, Kroll Bond Rating Agency ("KBRA") reaffirmed its credit rating for the Corporation and the Bank with a stable outlook. Specifically, KBRA reaffirmed the Corporation's senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term rating of K2. With regard to the Bank, KBRA reaffirmed the Bank's deposit rating of A-, short-term debt rating of K2 and short-term deposit rating of K2 while also assigning the Bank a senior unsecured debt rating of A-. Additionally, on April 25, 2017, KBRA initiated the Bank's subordinated debt rating of BBB+.

Note 6. Retirement Plans and Other Postretirement Benefits

Substantially all employees who were hired before December 8, 2009 are covered by a noncontributory retirement plan. Employees hired on or after December 8, 2009 are not eligible to participate in the noncontributory retirement plan. The Corporation also provides supplemental executive retirement benefits to certain former executives, a portion of which is in excess of limits imposed on qualified plans by federal tax law; these plans are non-qualified benefit plans. These non-qualified benefit plans are not offered to new participants; all current participants are now retired. Information on these plans are aggregated and reported under “Retirement Plans” within this footnote.

The Corporation also provides certain postretirement healthcare and life insurance benefits for retired employees. Information on these benefits is reported under “Other Postretirement Benefits” within this footnote.

The Corporation sponsors a Supplemental Non-Qualified Pension Plan which was established in 1981 prior to the existence of a 401(k) deferred salary savings plan, employee stock purchase plan and long-term incentive plans and therefore is not offered to new participants; all current participants are now retired.

Components of net periodic benefit cost (income) were as follows:

	Three Months Ended March 31,
	2017			2016			2017		2016
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	151		$	171		$	12	$	12
Interest cost	465			518			29		33
Expected return on plan assets	(753		)	(754		)	—		—
Amortization of net actuarial loss	288			323			11		6
Accretion of prior service cost	(70		)	(71		)	—		—
Net periodic benefit cost	$	81		$	187		$	52	$	51

The Corporation previously disclosed in its financial statements for the year ended December 31, 2016, that it expected to make contributions of $160 thousand to its non-qualified retirement plans and $121 thousand to its other postretirement benefit plans in 2017. During the three months ended March 31, 2017, the Corporation contributed $40 thousand to its non-qualified retirement plans and $29 thousand to its other postretirement plans. During the three months ended March 31, 2017, $672 thousand was paid to participants from the retirement plans and $29 thousand was paid to participants from the other postretirement plans.

26

Note 7. Stock-Based Incentive Plan

The Corporation has a shareholder approved 2013 Long-Term Incentive Plan which replaced the expired 2003 Long-Term Incentive Plan. Under the 2013 Long-Term Incentive Plan, the Corporation may grant options and share awards to employees and non-employee directors up to 3,355,786 shares of common stock, which includes 857,191 shares as a result of the completion of the acquisition of Fox Chase on July 1, 2016 and 473,483 shares as a result of the completion of the acquisition of Valley Green Bank on January 1, 2015.

The following is a summary of the Corporation's stock option activity and related information for the three months ended March 31, 2017:

(Dollars in thousands, except per share data)	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value at March 31, 2017
Outstanding at December 31, 2016	504,908		$	19.06
Granted	191,297		28.15
Expired	(65,500	)	22.98
Forfeited	—		—
Exercised	(47,704	)	18.04
Outstanding at March 31, 2017	583,001		21.66		7.9	$	2,898
Exercisable at March 31,2017	210,691		17.96		6.0	1,672

The following is a summary of nonvested stock options at March 31, 2017 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Options		Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 2016	308,940		$	6.15
Granted	191,297		6.72
Vested	(127,927	)	6.08
Forfeited	—		—
Nonvested stock options at March 31, 2017	372,310		6.46

The following aggregated assumptions were used to estimate the fair value of options granted during the three months ended March 31, 2017 and 2016:

	Three months ended March 31,
	2017			2016
	Actual			Range			Weighted Average
Expected option life in years	6.9			7.9	-	8.2	7.9
Risk free interest rate	2.30		%	1.81%	-	1.89%	1.89		%
Expected dividend yield	2.84		%	4.07%	-	4.19%	4.07		%
Expected volatility	29.75		%	46.13%	-	46.22%	46.13		%
Fair value of options	$	6.72		$5.98	-	$6.27	$	6.26

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The following is a summary of nonvested restricted stock awards at March 31, 2017 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Share Awards		Weighted Average Grant Date Fair Value
Nonvested share awards at December 31, 2016	285,158		$	19.74
Granted	58,448		28.15
Vested	(47,164	)	18.32
Forfeited	(13,125	)	18.78
Nonvested share awards at March 31, 2017	283,317		21.76

The fair value of restricted stock is equivalent to the fair value on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock is summarized below for the periods indicated:

	Three months ended March 31,
(Dollars in thousands, except per share data)	2017		2016
Shares granted	58,448		58,580
Weighted average grant date fair value	$	28.15	$	19.68
Intrinsic value of awards vested	$	1,333	$	971

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested stock options and nonvested restricted stock awards at March 31, 2017 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Stock options	$	2,082	2.4
Restricted stock awards	4,189		1.9
	$	6,271	2.1

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	Three months ended March 31,
(Dollars in thousands)	2017		2016
Stock-based compensation expense:
Stock options	$	221	$	151
Restricted stock awards	610		300
Employee stock purchase plan	15		16
Total	$	846	$	467
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	$	507	$	151

Note 8. Earnings per Share

The Corporation uses the two-class method to calculate earnings per share as the unvested restricted stock issued under the Corporation's equity incentive plans are participating shares with nonforfeitable rights to dividends. Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the number of weighted average shares outstanding during the period.

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The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended   March 31,
(Dollars and shares in thousands, except per share data)	2017			2016
Numerator:
Net income	$	10,856		$	7,289
Net income allocated to unvested restricted stock	(113		)	(59		)
Net income allocated to common shares	$	10,743		$	7,230
Denominator:
Denominator for basic earnings per share—weighted-average shares outstanding	26,345			19,402
Effect of dilutive securities—employee stock options	103			31
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	26,448			19,433
Basic earnings per share	$	0.41		$	0.37
Diluted earnings per share	$	0.41		$	0.37
Average anti-dilutive options and awards excluded from computation of diluted earnings per share	242			588

Note 9. Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized (Losses) Gains on Available-for-Sale Investment Securities			Net Change Related to Derivatives Used for Cash Flow Hedges			Net Change Related to Defined Benefit Pension Plans			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2016	$	(4,988	)	$	(141	)	$	(14,325	)	$	(19,454	)
Net Change	263			51			148			462
Balance, March 31, 2017	$	(4,725	)	$	(90	)	$	(14,177	)	$	(18,992	)
Balance, December 31, 2015	$	(592	)	$	(285	)	$	(15,831	)	$	(16,708	)
Net Change	1,413			(354		)	168			1,227
Balance, March 31, 2016	$	821		$	(639	)	$	(15,663	)	$	(15,481	)

Note 10. Derivative Instruments and Hedging Activities

Interest Rate Swaps

The Corporation may use interest-rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The Corporation’s credit exposure on interest rate swaps includes fair value and any collateral that is held by a third party. Changes in the fair value of derivative instruments designated as hedges of future cash flows are recognized in accumulated other comprehensive income until the underlying forecasted transactions occur, at which time the deferred gains and losses are recognized in earnings. For a qualifying fair value hedge, the gain or loss on the hedging instrument is recognized in earnings, and the change in fair value of the hedge item, to the extent attributable to the hedged risk, adjusts the carrying amount of the hedge item and is recognized in earnings.

On October 24, 2014, the Corporation entered into an amortizing interest rate swap classified as a cash flow hedge with a notional amount of $20.0 million to hedge a portion of the debt financing of a pool of 10-year maturity fixed rate loans with balances totaling $29.1 million, at time of the hedge, that were originated in 2013. A brokered money market demand account with a balance exceeding the amortizing interest rate swap balance is being used for the cash flow hedge. Under the terms of the swap agreement, the Corporation pays a fixed rate of 2.10% and receives a floating rate based on the one-monthLIBOR. The swap matures in November 2022. The Corporation performed an assessment of the hedge for effectiveness at the inception of the hedge and on a recurring basis to determine that the derivative has been and is expected to continue to be highly effective in offsetting changes in cash flows of the hedged item. The Corporation expects that there will be no ineffectiveness over the life of the interest rate swap. At March 31, 2017, approximately $151 thousand in net deferred losses, net of tax, recorded in accumulated other comprehensive loss are expected to be reclassified into earnings during the next twelve months. This amount could differ

29

from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to March 31, 2017. At March 31, 2017, the notional amount of the interest rate swap was $18.4 million, with a negative fair value of $138 thousand.

The Corporation has an interest rate swap classified as a fair value hedge with a current notional amount of $1.4 million to hedge a 10-year fixed rate loan that is earning interest at 5.83%. The Corporation pays a fixed rate of 5.83% and receives a floating rate based on the one-month LIBOR plus 350 basis points. The swap matures in October 2021. The difference between changes in the fair values of the interest rate swap agreement and the hedged loan represents hedge ineffectiveness and is recorded in other noninterest income in the consolidated statements of operations.

The Corporation has an interest rate swap with a current notional amount of $598 thousand, for a 15-year fixed rate loan that is earning interest at 7.43%. The Corporation pays a fixed rate of 7.43% and receives a floating rate based on the one-month LIBOR plus 224 basis points. The swap matures in April 2022. The interest rate swap is carried at fair value in accordance with FASB ASC 815 "Derivatives and Hedging." The loan is carried at fair value under the fair value option as permitted by FASB ASC 825 "Financial Instruments."

Credit Derivatives

The Corporation has agreements with third-party financial institutions whereby the third-party financial institution enters into interest rate derivative contracts and foreign currency swap contracts with loan customers referred to them by the Corporation. By the terms of the agreements, the third-party financial institution has recourse to the Corporation for any exposure created under each swap contract in the event the customer defaults on the swap agreement and the agreement is in a paying position to the third-party financial institution. These transactions represent credit derivatives and are a customary arrangement that allows the Corporation to provide access to interest rate and foreign currency swap transactions for customers without creating the swap. The Corporation records the fair value of credit derivatives in other liabilities on the consolidated balance sheets. The Corporation recognizes changes in the fair value of credit derivatives, net of any fees received, in other noninterest income in the consolidated statements of income.

At March 31, 2017, the Corporation has twelve variable-rate to fixed-rate interest rate swap transactions between the third-party financial institution and customers with a current notional amount of $47.5 million, and remaining maturities ranging from two to 10 years. At March 31, 2017, the fair value of the swaps to the customers was a liability of $57 thousand and all swaps were in paying positions to the third-party financial institution.

At March 31, 2017, there were no material foreign currency swap transactions between the third-party institution and loan customers.

The maximum potential payments by the Corporation to the third-party financial institution under these credit derivatives are not estimable as they are contingent on future interest rates and exchange rates, and the agreement does not provide for a limitation of the maximum potential payment amount.

Mortgage Banking Derivatives

Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1-to 4-family residential properties whose predominant risk characteristic is interest rate risk. The fair values of these derivative loan commitments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties.

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Derivatives Tables

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2017 and December 31, 2016. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2017
Interest rate swap - cash flow hedge	$	18,386		$	—	Other liabilities	$	138
Interest rate swap - fair value hedge	1,417			—		Other liabilities	29
Total	$	19,803		$	—		$	167
At December 31, 2016
Interest rate swap - cash flow hedge	$	18,566		$	—	Other liabilities	$	217
Interest rate swap - fair value hedge	1,427			—		Other liabilities	37
Total	$	19,993		$	—		$	254

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2017 and December 31, 2016:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2017
Interest rate swap	$	598		$	—	Other liabilities	$	57
Credit derivatives	47,501			—		Other liabilities	57
Interest rate locks with customers	35,255		Other assets	1,208			—
Forward loan sale commitments	36,390		Other assets	3			—
Total	$	119,744		$	1,211		$	114
At December 31, 2016
Interest rate swap	$	622		$	—	Other liabilities	$	65
Credit derivatives	27,919			—		Other liabilities	9
Interest rate locks with customers	36,541		Other assets	801			—
Forward loan sale commitments	42,366		Other assets	257			—
Total	$	107,448		$	1,058		$	74

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2017			2016
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	71		$	81
Interest rate swap—fair value hedge—ineffectiveness	Other noninterest income	3			—
Net loss		$	(68	)	$	(81	)

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The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2017			2016
Credit derivatives	Other noninterest income	$	71		$	—
Interest rate locks with customers	Net gain on mortgage banking activities	407			632
Forward loan sale commitments	Net loss on mortgage banking activities	(254		)	(141		)
Total		$	224		$	491

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At March 31, 2017			At December 31, 2016
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	(90	)	$	(141	)
Total		$	(90	)	$	(141	)

Note 11. Fair Value Disclosures

Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period.

Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the end of each trading day. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Examples of instruments, which would generally be classified within Level 2 of the valuation hierarchy, include securities issued by U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy.

Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available

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trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does not have sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control.

Certain corporate securities owned by the Corporation are classified as Level 3 as they are not traded in active markets. The fair value of each security is estimated by benchmarking similar transactions of structure, yield and credit which are owned by the Corporation and are actively traded in the market.

On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. If, upon the Corporation’s review or in comparing with another service, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to the current pricing service regarding the data used to determine the valuation of a particular security. If the Corporation determines there is market information that would support a different valuation than from the current pricing service’s evaluation, the Corporation may utilize and change the security's valuation. There were no material differences in valuations noted at March 31, 2017.

Derivative Financial Instruments

The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Interest rate swaps and mortgage banking derivative financial instruments are classified within Level 2 of the valuation hierarchy. Credit derivatives are valued based on credit worthiness of the underlying borrower which is a significant unobservable input and therefore classified in Level 3 of the valuation hierarchy.

Two commercial loans, associated with interest rate swaps are classified in Level 3 of the valuation hierarchy since lending credit risk is not an observable input for these loans. The unrealized gain on the two loans was $85 thousand at March 31, 2017.

Contingent Consideration Liability

The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense. Changes in the original assumptions utilized at the time the acquisition closes and identified during the measurement period are recorded in accordance with ASC Topic 805 as an adjustment to goodwill. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability.

For the Sterner Insurance Associates acquisition, the potential remaining cash payment that could result from the contingent consideration arrangement ranges from $0 to a maximum of $2.6 million based on the results for the twelve-month period ending June 30 2017.

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The following table presents the assets and liabilities measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016, classified using the fair value hierarchy:

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	32,204	$	—	$	32,204
State and political subdivisions	—		84,626		—		84,626
Residential mortgage-backed securities	—		190,379		—		190,379
Collateralized mortgage obligations	—		4,301		—		4,301
Corporate bonds	—		79,673		28,194		107,867
Money market mutual funds	11,294		—		—		11,294
Equity securities	941		—		—		941
Total available-for-sale securities	12,235		391,183		28,194		431,612
Loans*	—		—		2,092		2,092
Interest rate locks with customers*	—		1,208		—		1,208
Forward loan sale commitments*	—		3		—		3
Total assets	$	12,235	$	392,394	$	30,286	$	434,915
Liabilities:
Contingent consideration liability	$	—	$	—	$	729	$	729
Interest rate swaps*	—		224		—		224
Credit derivatives*	—		—		57		57
Total liabilities	$	—	$	224	$	786	$	1,010

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	32,266	$	—	$	32,266
State and political subdivisions	—		88,350		—		88,350
Residential mortgage-backed securities	—		198,570		—		198,570
Collateralized mortgage obligations	—		4,554		—		4,554
Corporate bonds	—		79,420		28,778		108,198
Money market mutual funds	10,784		—		—		10,784
Equity securities	915		—		—		915
Total available-for-sale securities	11,699		403,160		28,778		443,637
Loans*	—		—		2,138		2,138
Interest rate locks with customers*	—		801		—		801
Forward loan sale commitments*	—		257		—		257
Total assets	$	11,699	$	404,218	$	30,916	$	446,833
Liabilities:
Contingent consideration liability	$	—	$	—	$	5,999	$	5,999
Interest rate swaps*	—		319		—		319
Credit derivatives*	—		—		9		9
Total liabilities	$	—	$	319	$	6,008	$	6,327

* Such financial instruments are recorded at fair value as further described in Note 10 - Derivative Instruments.

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The following table includes a rollfoward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017.

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016			Purchases/additions			Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2017
Corporate bonds	$	28,778		$	—		$	—	$	—		$	—	$	(584	)	$	28,194
Loans	2,138			—			—		(33		)	—		(13		)	2,092
Credit derivatives	(9		)	(120		)	—		—			—		72			(57		)
Net total	$	30,907		$	(120	)	$	—	$	(33	)	$	—	$	(525	)	$	30,229

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2017
Sterner Insurance Associates	$	331	$	—	$	—	$	—	$	331
Girard Partners	5,668		—		5,284		14		398
Total contingent consideration liability	$	5,999	$	—	$	5,284	$	14	$	729

	Three Months Ended March 31, 2016
(Dollars in thousands)	Balance at December 31, 2015		Contingent Consideration from New Acquisition*		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2016
Sterner Insurance Associates	$	1,144	$	—	$	—	$	154	$	1,298
Girard Partners	4,241		$	—	$	900	$	119	3,460
John T. Fretz Insurance Agency	192		—		—		7		199
Total contingent consideration liability	$	5,577	$	—	$	900	$	280	$	4,957

*Includes adjustments during the measurement period in accordance with ASC Topic 805.

The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or impairment charges of individual assets. The following table represents assets measured at fair value on a non-recurring basis at March 31, 2017 and December 31, 2016:

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	37,015	$	37,015
Impaired leases held for investment	—		—		4,441		4,441
Other real estate owned	—		—		3,712		3,712
Total	$	—	$	—	$	45,168	$	45,168

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	43,680	$	43,680
Other real estate owned	—		—		4,969		4,969
Total	$	—	$	—	$	48,649	$	48,649

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The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at March 31, 2017 and December 31, 2016. The disclosed fair values are classified using the fair value hierarchy.

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	57,800	$	—		$	—	$	57,800		$	57,800
Held-to-maturity securities	—		33,022			—		33,022			33,027
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			25,322
Loans held for sale	—		1,121			—		1,121			1,110
Net loans and leases held for investment	—		—			3,271,524		3,271,524			3,278,840
Servicing rights	—		—			9,799		9,799			6,502
Total assets	$	57,800	$	34,143		$	3,281,323	$	3,373,266		$	3,402,601
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	2,812,775	$	—		$	—	$	2,812,775		$	2,812,775
Time deposits	—		555,841			—		555,841			553,176
Total deposits	2,812,775		555,841			—		3,368,616			3,365,951
Short-term borrowings	—		79,366			—		79,366			79,366
Long-term debt	—		183,962			—		183,962			182,066
Subordinated notes	—		95,000			—		95,000			94,148
Total liabilities	$	2,812,775	$	914,169		$	—	$	3,726,944		$	3,721,531
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,279	)	$	—	$	(2,279	)	$	—

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	57,825	$	—		$	—	$	57,825		$	57,825
Held-to-maturity securities	—		24,871			—		24,871			24,881
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			24,869
Loans held for sale	—		5,943			—		5,943			5,890
Net loans and leases held for investment	—		—			3,193,886		3,193,886			3,222,569
Servicing rights	—		—			9,548		9,548			6,485
Total assets	$	57,825	$	30,814		$	3,203,434	$	3,292,073		$	3,342,519
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	2,631,378	$	—		$	—	$	2,631,378		$	2,631,378
Time deposits	—		628,096			—		628,096			626,189
Total deposits	2,631,378		628,096			—		3,259,474			3,257,567
Short-term borrowings	—		195,572			—		195,572			196,171
Long-term debt	—		130,157			—		130,157			127,522
Subordinated notes	—		95,188			—		95,188			94,087
Total liabilities	$	2,631,378	$	1,049,013		$	—	$	3,680,391		$	3,675,347
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,218	)	$	—	$	(2,218	)	$	—

36

The following valuation methods and assumptions were used by the Corporation in estimating the fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed:

Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheet for cash and due from banks, interest-earning deposits with other banks, federal funds sold and other short-term investments is their stated value. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.

Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy.

Federal Home Loan Bank, Federal Reserve Bank and other stock: It is not practical to determine the fair values of Federal Home Loan Bank, Federal Reserve Bank and other stock, due to restrictions placed on their transferability.

Loans held for sale: The fair value of the Corporation’s mortgage loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. These loans are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans held for sale are carried at the lower of cost or estimated fair value. There were no valuation adjustments for loans held for sale at March 31, 2017 and December 31, 2016.

Loans and leases held for investment: The fair values for loans and leases held for investment are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers and include components for credit risk, operating expense and embedded prepayment options. An overall valuation adjustment is made for specific credit risks in addition to general portfolio risk and is significant to the valuation. As permitted, the fair value of the loans and leases are not based on the exit price concept as discussed in the first paragraph of this note. Loans and leases are classified within Level 3 in the fair value hierarchy.

Impaired loans and leases held for investment: For impaired loans and leases, the Corporation uses a variety of techniques to measure fair value, such as using the current appraised value of the collateral, agreements of sale, discounting the contractual cash flows, and analyzing market data that the Corporation may adjust due to specific characteristics of the loan/lease or collateral. At March 31, 2017, impaired loans held for investment had a carrying amount of $37.4 million with a valuation allowance of $399 thousand. At December 31, 2016, impaired loans held for investment had a carrying amount of $43.9 million with a valuation allowance of $235 thousand. The Corporation had impaired leases of $5.0 million with related reserves of $580 thousand at March 31, 2017. The Corporation had no impaired leases at December 31, 2016.

Servicing rights: The Corporation estimates the fair value of mortgage servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. Mortgage servicing rights are classified within Level 3 in the fair value hierarchy based upon management's assessment of the inputs. The Corporation reviews the mortgage servicing rights portfolio on a quarterly basis for impairment and the mortgage servicing rights are carried at the lower of amortized cost or estimated fair value. The Corporation also records servicing rights on small business administration (SBA) loans. At March 31, 2017 and December 31, 2016, servicing rights had a carrying amount of $6.5 million with no valuation allowance.

Goodwill and other identifiable assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. During the three months ended March 31, 2017, there were no triggering events that required valuation of goodwill and other identifiable intangible assets.

Other real estate owned: The fair value of other real estate owned (OREO) is originally estimated based upon the appraised value less estimated costs to sell. The fair value less cost to sell becomes the "original cost" of the OREO asset. Subsequently, OREO is reported as the lower of the original cost and the current the fair value less cost to sell. Capital improvement expenses associated with the construction or repair of the property are capitalized as part of the cost of the OREO asset; however, the capitalized expenses may not increase the OREO asset's recorded value to an amount greater than the asset's fair value after improvements and less cost to sell. New appraisals are generally obtained on an annual basis. Other real estate owned is classified within Level 3 of the valuation hierarchy due to the unique characteristics of the collateral for each loan.

Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy.

37

Short-term borrowings: The fair value of short-term borrowings are estimated using current market rates for similar borrowings and are classified within Level 2 in the fair value hierarchy.

Long-term debt: The fair value of long-term debt is estimated by using discounted cash flow analysis, based on current market rates for debt with similar terms and remaining maturities. Long-term debt is classified within Level 2 in the fair value hierarchy.

Subordinated notes: The fair value of the subordinated notes are estimated by discounting the principal balance using the treasury yield curve for the term to the call date as the Corporation has the option to call the subordinated notes. The subordinated notes are classified within Level 2 in the fair value hierarchy.

Off-balance-sheet instruments: Fair values for the Corporation’s off-balance-sheet instruments are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing and are classified within Level 2 in the fair value hierarchy.

Note 12. Segment Reporting

At March 31, 2017, the Corporation has three reportable business segments: Banking, Wealth Management and Insurance. The Corporation determines the segments based primarily upon product and service offerings, through the types of income generated and the regulatory environment. This is strategically how the Corporation operates and has positioned itself in the marketplace. Accordingly, significant operating decisions are based upon analysis of each of these segments. The parent holding company and intercompany eliminations are included in the "Other" segment.

The Corporation's Banking segment consists of commercial and consumer banking. The Wealth Management segment consists of investment advisory services, retirement plan services, trust, municipal pension services and broker/dealer services. The Insurance segment consists of commercial lines, personal lines, benefits and human resources consulting.

Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated below.

Ÿ	The Banking segment provides financial services to consumers, businesses and governmental units. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
Ÿ	The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions.
Ÿ	The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting.

The accounting policies, used in the disclosure of the business segments, are the same as those described in Note 1, “Summary of Significant Accounting Policies".

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2017		At December 31, 2016		At March 31, 2016
Banking	$	4,187,607	$	4,137,873	$	2,746,433
Wealth Management	31,178		35,061		30,134
Insurance	24,412		24,472		24,715
Other	30,734		33,122		23,495
Consolidated assets	$	4,273,931	$	4,230,528	$	2,824,777

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The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2017 and 2016.

	Three Months Ended
	March 31, 2017
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	38,392		$	1	$	—	$	3		$	38,396
Interest expense	4,113			—		—		—			4,113
Net interest income	34,279			1		—		3			34,283
Provision for loan and lease losses	2,445			—		—		—			2,445
Noninterest income	5,162			5,138		4,547		123			14,970
Intangible expenses	396			170		193		—			759
Other noninterest expense	23,744			3,471		3,069		987			31,271
Intersegment (revenue) expense*	(567		)	237		330		—			—
Income (expense) before income taxes	13,423			1,261		955		(861		)	14,778
Income tax expense (benefit)	3,641			500		404		(623		)	3,922
Net income (loss)	$	9,782		$	761	$	551	$	(238	)	$	10,856
Capital expenditures	$	4,320		$	11	$	7	$	50		$	4,388

	Three Months Ended
	March 31, 2016
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	25,725		$	2	$	—	$	7		$	25,734
Interest expense	2,211			—		—		—			2,211
Net interest income	23,514			2		—		7			23,523
Provision for loan and lease losses	326			—		—		—			326
Noninterest income	4,548			4,572		4,720		(9		)	13,831
Intangible expenses	63			303		400		—			766
Acquisition-related and integration costs	10			—		—		210			220
Other noninterest expense	18,736			3,058		3,119		1,040			25,953
Intersegment (revenue) expense*	(511		)	219		292		—			—
Income (expense) before income taxes	9,438			994		909		(1,252		)	10,089
Income tax expense (benefit)	2,357			383		377		(317		)	2,800
Net income (loss)	$	7,081		$	611	$	532	$	(935	)	$	7,289
Capital expenditures	$	1,839		$	15	$	10	$	314		$	2,178

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. Generally speaking, these expenses are allocated based upon number of employees and square footage utilized.

Note 13. Restructuring Charges

During 2015 and 2016, the Corporation exited five financial centers, a lease for a new financial center and two administrative offices, and reduced staff due to rationalization; resulting in accrued expenses totaling $3.4 million, primarily related to the Banking business segment.

A roll-forward of the remaining accrued restructuring expense for the three months ended March 31, 2017 is as follows:

(Dollars in thousands)	Severance expenses			Write-downs and retirements of fixed assets		Lease cancellations			Total
Accrued at January 1, 2017	$	901		$	228	$	81		$	1,210
Payments	(445		)	—		(25		)	(470		)
Accrued at March 31, 2017	$	456		$	228	$	56		$	740

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Note 14. Contingencies

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

As discussed in Note 3, during the first quarter of 2017, certain lessees stopped making payments and Univest Capital, Inc., a subsidiary of the Corporation, filed legal complaints to pursue collection of all amounts owed. A complaint was subsequently filed against Univest Capital, Inc. and certain other defendants on March 28, 2017 by one of the lessees in federal court in Texas seeking, among other things, class action certification and a declaration that the contracts and related guarantees are null and void. Univest Capital, Inc. has not been served with the complaint, and the plaintiff has been directed to file an amended complaint on or before May 5, 2017. As of the filing date, the outcome of the matter is neither probable nor estimable.

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

(All dollar amounts presented within tables are in thousands, except per share data. “BP” equates to “basis points”; “N/ M” equates to “not meaningful”; “—” equates to “zero” or “doesn’t round to a reportable number”; and “N/A” equates to “not applicable.” Certain prior period amounts have been reclassified to conform to the current-year presentation.)

Forward-Looking Statements

The information contained in this report may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and similar expressions are intended to identify forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including those set forth below:

• Operating, legal and regulatory risks

• Economic, political and competitive forces impacting various lines of business

• The risk that our analysis of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful

• Volatility in interest rates

• Other risks and uncertainties, including those occurring in the U.S. and world financial systems

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, expected or projected. These and other risk factors are more fully described in this report and in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2015 under the section entitled "Item 1A -- Risk Factors," and from time to time in other filings made by the Corporation with the SEC.

These forward-looking statements speak only at the date of the report. The Corporation expressly disclaims any obligation to publicly release any updates or revisions to reflect any change in the Corporation’s expectations with regard to any change in events, conditions or circumstances on which any such statement is based.

Critical Accounting Policies

Management, in order to prepare the Corporation’s financial statements in conformity with U.S. generally accepted accounting principles, is required to make estimates and assumptions that affect the amounts reported in the Corporation’s financial statements. There are uncertainties inherent in making these estimates and assumptions. Certain critical accounting policies, discussed below, could materially affect the results of operations and financial position of the Corporation should changes in circumstances require a change in related estimates or assumptions. The Corporation has identified the fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, purchase accounting, valuation of goodwill and other intangible assets, servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation as areas with critical accounting policies. For more information on these critical accounting policies, please refer to the Corporation’s 2016 Annual Report on Form 10-K.

40

General

Univest Corporation of Pennsylvania (the Corporation), is a Bank Holding Company owning all of the capital stock of Univest Bank and Trust Co. (the Bank).

The Bank is engaged in the commercial and consumer banking business and provides a full range of banking and trust services to customers. The Bank is the parent company of Delview, Inc., which is the parent company of Univest Insurance, Inc., an independent insurance agency, Univest Investments, Inc., a full-service broker-dealer and investment advisory firm and Girard Partners (Girard), a registered investment advisory firm. The Bank is also the parent company of Univest Capital, Inc., an equipment financing business, and TCG Investment Advisory, a registered investment advisor which provides discretionary investment consulting and management services. Through its wholly-owned subsidiaries, the Bank provides a variety of financial services to individuals, municipalities and businesses throughout the Bank's markets of operation.

The Corporation earns revenues primarily from the margins and fees generated from lending and depository services to customers as well as fee-based income from trust, insurance, mortgage banking and investment services to customers. The Corporation seeks to achieve adequate and reliable earnings through business growth while maintaining adequate levels of capital and liquidity and limiting exposure to credit and interest rate risk to Board of Directors approved levels.

The Corporation seeks to establish itself as the financial provider of choice in the markets it serves. The Corporation plans to achieve this goal by offering a broad range of high quality financial products and services and by increasing market awareness of its brand and the benefits that can be derived from its products. The Corporation operates in an attractive market for financial services but also is in intense competition with domestic and international banking organizations and other insurance and wealth management providers for the financial services business. The Corporation has taken initiatives to achieve its business objectives by acquiring banks and other financial service providers in strategic markets, through marketing, public relations and advertising, by establishing standards of service excellence for customers, and by using technology to ensure that the needs of customers are understood and satisfied.

Executive Overview

The Corporation’s consolidated net income, earnings per share and return on average assets and average equity were as follows:

	Three Months Ended   March 31,						Change
(Dollars in thousands, except per share data)	2017			2016			Amount		Percent
Net income	$	10,856		$	7,289		$	3,567	48.9	%
Net income per share:
Basic	$	0.41		$	0.37		$	0.04	10.8
Diluted	0.41			0.37			0.04		10.8
Return on average assets	1.04		%	1.03		%	1 BP		1.0
Return on average equity	8.65			8.05			60 BP		7.5

The Corporation reported net income of $10.9 million or $0.41 diluted earnings per share for the three months ended March 31, 2017, compared to net income of $7.3 million or $0.37 diluted earnings per share for the three months ended March 31, 2016. The financial results for the three months ended March 31, 2016 included $220 thousand of acquisition and integration costs related to the Fox Chase Bancorp (Fox Chase) acquisition, or $0.01 of diluted earnings per share, net of tax.

41

Results of Operations

On July 1, 2016, the Corporation acquired Fox Chase. The comparative results of operations for the three months ended March 31, 2017 include the impact of this acquisition.

Net Interest Income

Net interest income is the difference between interest earned on loans and leases, investments and other interest-earning assets and interest paid on deposits and other interest-bearing liabilities. Net interest income is the principal source of the Corporation’s revenue. Table 1 presents a summary of the Corporation’s average balances, the tax-equivalent yields earned on average assets, and the cost of average liabilities, and shareholders’ equity on a tax-equivalent basis for the three months ended March 31, 2017 and 2016. The tax-equivalent net interest margin is tax-equivalent net interest income as a percentage of average interest-earning assets. The tax-equivalent net interest spread represents the weighted average tax-equivalent yield on interest-earning assets less the weighted average cost of interest-bearing liabilities. The effect of net interest free funding sources represents the effect on the net interest margin of net funding provided by noninterest-earning assets, noninterest-bearing liabilities and shareholders’ equity. Table 2 analyzes the changes in the tax-equivalent net interest income for the periods broken down by their rate and volume components.

Table 1, Table 2, and the interest income and net interest income analysis contain tax-equivalent financial information and measures determined by methods other than in accordance with U.S. GAAP. The management of the Corporation uses this non-GAAP financial information and measures in its analysis of the Corporation's performance. This financial information and measures should not be considered a substitute for GAAP basis financial information or measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of the non-GAAP financial information and measures provide useful information that is essential to a proper understanding of the financial results of the Corporation.

Three months ended March 31, 2017 versus 2016

Net interest income on a tax-equivalent basis for the three months ended March 31, 2017 was $35.7 million, an increase of $10.9 million or 43.8% compared to the same period in 2016. The net interest margin on a tax-equivalent basis for the first quarter of 2017 was 3.80%, compared to 3.91% for the first quarter of 2016.The increase in net interest income and decrease in net interest margin (tax-equivalent) was mainly due to the impact of the Fox Chase acquisition, which occurred on July 1, 2016. The favorable impact of acquisition accounting adjustments was eight basis points ($764 thousand) for the three months ended March 31, 2017 compared to two basis points ($100 thousand) for the same period in the prior year. The incremental subordinated debt issuance in July 2016 increased funding costs by six basis points for the three months ended March 31, 2017 compared to the same period in the prior year.

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Table 1—Average Balances and Interest Rates—Tax-Equivalent Basis

	Three Months Ended March 31,
	2017							2016
(Dollars in thousands)	Average Balance			Income/ Expense		Average Rate		Average Balance			Income/ Expense		Average Rate
Assets:
Interest-earning deposits with other banks	$	8,592		$	16	0.76	%	$	19,619		$	28	0.57	%
U.S. government obligations	34,038			106		1.25		82,488			250		1.22
Obligations of states and political subdivisions	85,854			922		4.36		101,061			1,129		4.49
Other debt and equity securities	350,408			1,582		1.83		158,669			1,024		2.60
Federal funds sold and other earning assets	25,909			358		5.60		14,821			132		3.58
Total interest-earning deposits, investments, federal funds sold and other earning assets	504,801			2,984		2.40		376,658			2,563		2.74
Commercial, financial and agricultural loans	721,050			7,841		4.41		411,999			4,014		3.92
Real estate—commercial and construction loans	1,460,029			15,740		4.37		887,118			9,919		4.50
Real estate—residential loans	738,211			8,236		4.52		541,976			5,976		4.43
Loans to individuals	29,575			400		5.49		29,478			399		5.44
Municipal loans and leases	279,379			3,120		4.53		231,498			2,625		4.56
Lease financings	78,633			1,483		7.65		75,022			1,542		8.27
Gross loans and leases	3,306,877			36,820		4.52		2,177,091			24,475		4.52
Total interest-earning assets	3,811,678			39,804		4.24		2,553,749			27,038		4.26
Cash and due from banks	41,942							31,665
Reserve for loan and lease losses	(18,200		)					(17,771		)
Premises and equipment, net	64,507							42,873
Other assets	330,501							224,041
Total assets	$	4,230,428						$	2,834,557
Liabilities:
Interest-bearing checking deposits	$	426,373		105		0.10		$	402,160		84		0.08
Money market savings	531,658			563		0.43		361,788			340		0.38
Regular savings	807,802			349		0.18		626,894			174		0.11
Time deposits	591,813			1,174		0.80		418,547			935		0.90
Total time and interest-bearing deposits	2,357,646			2,191		0.38		1,809,389			1,533		0.34
Short-term borrowings	150,155			262		0.71		27,388			3		0.04
Long-term debt	148,031			399		1.09		—			—		—
Subordinated notes (1)	94,116			1,261		5.43		49,394			675		5.50
Total borrowings	392,302			1,922		1.99		76,782			678		3.55
Total interest-bearing liabilities	2,749,948			4,113		0.61		1,886,171			2,211		0.47
Noninterest-bearing deposits	932,639							542,427
Accrued expenses and other liabilities	38,786							41,867
Total liabilities	3,721,373							2,470,465
Shareholders’ Equity:
Common stock	144,559							110,271
Additional paid-in capital	230,104							120,824
Retained earnings and other equity	134,392							132,997
Total shareholders’ equity	509,055							364,092
Total liabilities and shareholders’ equity	$	4,230,428						$	2,834,557
Net interest income				$	35,691						$	24,827
Net interest spread						3.63							3.79
Effect of net interest-free funding sources						0.17							0.12
Net interest margin						3.80	%						3.91	%
Ratio of average interest-earning assets to average interest-bearing liabilities	138.61		%					135.39		%
(1) The interest rate on gross subordinated notes is calculated on a 30/360 day basis with a weighted average note rate of 5.05% and 5.10% for the three months ended March 31, 2017 and 2016, respectively. The balance is net of debt issuance costs which are amortized to interest expense.

Notes:     For rate calculation purposes, average loan and lease categories include deferred fees and costs, purchase accounting adjustments,

and unearned discount.

Nonaccrual loans and leases have been included in the average loan and lease balances.

Loans held for sale have been included in the average loan balances.

Tax-equivalent amounts for the three months ended March 31, 2017 and 2016 have been calculated using the

Corporation’s federal applicable rate of 35%.

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Table 2—Analysis of Changes in Net Interest Income

The rate-volume variance analysis set forth in the table below compares changes in tax-equivalent net interest income for the periods indicated by their rate and volume components. The change in interest income/expense due to both volume and rate has been allocated proportionately.

	Three Months Ended
	March 31, 2017 Versus 2016
(Dollars in thousands)	Volume Change			Rate Change			Total
Interest income:
Interest-earning deposits with other banks	$	(19	)	$	7		$	(12	)
U.S. government obligations	(152		)	8			(144		)
Obligations of states and political subdivisions	(173		)	(34		)	(207		)
Other debt and equity securities	935			(377		)	558
Federal funds sold and other earning assets	129			97			226
Interest on deposits, investments, federal funds sold and other earning assets	720			(299		)	421
Commercial, financial and agricultural loans	3,276			551			3,827
Real estate—commercial and construction loans	6,119			(298		)	5,821
Real estate—residential loans	2,139			121			2,260
Loans to individuals	—			1			1
Municipal loans and leases	513			(18		)	495
Lease financings	67			(126		)	(59		)
Interest and fees on loans and leases	12,114			231			12,345
Total interest income	12,834			(68		)	12,766
Interest expense:
Interest-bearing checking deposits	4			17			21
Money market savings	174			49			223
Regular savings	54			121			175
Time deposits	352			(113		)	239
Interest on time and interest-bearing deposits	584			74			658
Short-term borrowings	54			205			259
Long-term debt	399			—			399
Subordinated notes	595			(9		)	586
Interest on borrowings	1,048			196			1,244
Total interest expense	1,632			270			1,902
Net interest income	$	11,202		$	(338	)	$	10,864

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Interest Income

Three months ended March 31, 2017 versus 2016

Interest income on a tax-equivalent basis for the three months ended March 31, 2017 was $39.8 million, an increase of $12.8 million from the same period in 2016. The increase was mainly due to the impact of the Fox Chase acquisition and organic loan growth in commercial real estate, commercial business and residential real estate loans. The favorable impact of acquisition accounting fair value adjustments on interest-earnings assets was two basis points ($149 thousand) for the three months ended March 31, 2017 compared to a favorable impact of one basis point ($35 thousand) for the same period in the prior year.

Interest Expense

Three months ended March 31, 2017 versus 2016

Interest expense for the three months ended March 31, 2017 was $4.1 million, an increase of $1.9 million from the same period in 2016. The increase was mainly due to the impact of the Fox Chase acquisition and increased borrowings. The favorable impact of acquisition accounting fair value adjustments on interest-bearing liabilities was nine basis points ($615 thousand) for the three months ended March 31, 2017 compared to a favorable impact of one basis point ($65 thousand) for the same period in the prior year.

Provision for Loan and Lease Losses

The provision for loan and lease losses for the three months ended March 31, 2017 was $2.4 million compared to $326 thousand for the same period in 2016. The increase in the provision for loan losses was primarily due to an increase in loans covered by the allowance for loan and lease losses during the three months ended March 31, 2017 and a $580 thousand reserve for impaired leases.

Noninterest Income

The following table presents noninterest income for the three months ended March 31, 2017 and 2016:

	Three Months Ended   March 31,				Change
(Dollars in thousands)	2017		2016		Amount			Percent
Trust fee income	$	1,907	$	1,865	$	42		2.3	%
Service charges on deposit accounts	1,243		998		245			24.5
Investment advisory commission and fee income	3,181		2,671		510			19.1
Insurance commission and fee income	4,410		4,558		(148		)	(3.2	)
Other service fee income	1,987		1,831		156			8.5
Bank owned life insurance income	783		470		313			66.6
Net gain on sales of investment securities	15		44		(29		)	(65.9	)
Net gain on mortgage banking activities	1,113		1,218		(105		)	(8.6	)
Other income	331		176		155			88.1
Total noninterest income	$	14,970	$	13,831	$	1,139		8.2	%

45

Three months ended March 31, 2017 versus 2016

Noninterest income for the three months ended March 31, 2017 was $15.0 million, an increase of $1.1 million or 8.2% from the same period in the prior year. Service charges on deposits increased $245 thousand or 24.5% for the three months mostly due to fees on deposit accounts acquired from Fox Chase. Investment advisory commission and fee income increased $510 thousand or 19.1% from the three months ended March 31, 2016 primarily due to a combination of both increased new customer relationships and favorable market performance during the second half of 2016 and the first quarter of 2017. Other service fee income increased $156 thousand or 8.5% for the three months primarily due to interchange fee income related to Fox Chase customers. Bank owned life insurance (BOLI) income increased $313 thousand or 66.6% for the three months primarily due to policies acquired from Fox Chase and increased income of $105 thousand on non-qualified annuities. Other income increased $155 thousand for the three months mainly due to net gains on sales of other real estate owned of $114 thousand. These increases were partially offset by modest decreases in insurance and mortgage banking income. Insurance commission and fee income decreased $148 thousand for the three months ended March 31, 2017, primarily due to a decrease in contingent commission income of $340 thousand, which was $1.0 million for the three months ended March 31, 2017 compared to $1.3 million for the three months ended March 31, 2016. The net gain on mortgage banking decreased $105 thousand for the three months ended March 31, 2017 primarily due to a decrease in mortgage volume.

Noninterest Expense

The following table presents noninterest expense for the three months ended March 31, 2017 and 2016:

	Three Months Ended   March 31,				Change
(Dollars in thousands)	2017		2016		Amount			Percent
Salaries and benefits	$	16,657	$	14,182	$	2,475		17.5	%
Commissions	2,050		1,895		155			8.2
Net occupancy	2,665		2,100		565			26.9
Equipment	993		776		217			28.0
Data processing	2,058		1,281		777			60.7
Professional fees	1,239		1,020		219			21.5
Marketing and advertising	379		538		(159		)	(29.6	)
Deposit insurance premiums	402		447		(45		)	(10.1	)
Intangible expenses	759		766		(7		)	(0.9	)
Acquisition-related costs	—		214		(214		)	N/M
Integration costs	—		6		(6		)	N/M
Other expense	4,828		3,714		1,114			30.0
Total noninterest expense	$	32,030	$	26,939	$	5,091		18.9	%

Three months ended March 31, 2017 versus 2016

Noninterest expense for the three months ended March 31, 2017 was $32.0 million, an increase of $5.1 million or 18.9% from the same period in the prior year. Salaries and benefit expense increased $2.5 million for the three months, primarily attributable to higher staffing levels resulting from the Fox Chase acquisition, additional staff hired to support revenue generation across all business lines and the expansion into Lancaster County. Occupancy and equipment expenses increased $782 thousand for the three months, primarily due to higher premises expense related to Fox Chase locations and expansion into Philadelphia, Lancaster County and the Lehigh Valley. Data processing expense increased $777 thousand for the three months due to increased investments in computer software and our outsourced data processing solution as well as the addition of Fox Chase processing expense. Other expense increased $1.1 million for the three months primarily due to inclusion of Fox Chase related expenses and an increase of $416 thousand related to bank shares tax as a result of a statutory rate increase in 2017 and the Corporation's growth primarily due to the Fox Chase acquisition.

46

Tax Provision

The provision for income taxes for the three months ended March 31, 2017 and 2016 was $3.9 million and $2.8 million, at effective rates of 26.5% and 27.8%, respectively. During the three months ended March 31, 2017, the Corporation recognized a $288 thousand discrete tax benefit related to the vesting of restricted stock and exercise of stock options, which provided a tax deduction greater than previously recorded. This change was in accordance with ASU No. 2016-09, which was implemented by the Corporation in the fourth quarter of 2016 and requires the tax impact of such equity-based compensation activities to be recorded as an adjustment to the income tax provision in the period incurred, rather than an adjustment to equity. Excluding this tax benefit, the effective income tax rate for the three months ended March 31, 2017 was 28.5% which reflects the Corporation's level of tax-exempt income relative to the overall level of taxable income. The effective tax rates reflect the benefits of tax-exempt income from investments in municipal securities, loans and bank-owned life insurance income.

Financial Condition

Assets

The following table presents assets at the dates indicated:

	At March 31,   2017			At December 31,   2016			Change
(Dollars in thousands)							Amount			Percent
Cash and interest-earning deposits	$	57,800		$	57,825		$	(25	)	N/M
Investment securities	464,639			468,518			(3,879		)	(0.8	)
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	25,322			24,869			453			1.8
Loans held for sale	1,110			5,890			(4,780		)	(81.2	)
Loans and leases held for investment	3,341,916			3,285,886			56,030			1.7
Reserve for loan and lease losses	(19,528		)	(17,499		)	(2,029		)	(11.6	)
Premises and equipment, net	64,811			63,638			1,173			1.8
Goodwill and other intangibles, net	188,482			189,210			(728		)	(0.4	)
Bank owned life insurance	100,520			99,948			572			0.6
Accrued interest receivable and other assets	48,859			52,243			(3,384		)	(6.5	)
Total assets	$	4,273,931		$	4,230,528		$	43,403		1.0	%

Investment Securities

Total investments at March 31, 2017decreased$3.9 million from December 31, 2016. Maturities and pay-downs of $24.7 million, calls of $4.1 million and sales of $1.8 million were partially offset by purchases of $27.2 million and increases in the fair value of available-for-sale investment securities of $405 thousand. Long-term interest rates were slightly lower during the first quarter of 2017, resulting in increased fair value of available-for-sale investment securities.

Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost

The Bank is a member of the FHLB, and as such, is required to hold FHLB stock as a condition of membership as determined by the FHLB. The Bank is required to hold additional stock in the FHLB in relation to the level of outstanding borrowings. The Bank held FHLB stock of $10.6 million and $10.1 million at March 31, 2017 and December 31, 2016, respectively. FHLB stock increased$454 thousand mainly due to purchase requirements related to the increase in FHLB borrowings. Additionally, the FHLB may require its members to increase their capital stock investments. Changes in the credit ratings of the U.S. government and federal agencies, including the FHLB, could increase the borrowing costs of the FHLB and possibly have a negative impact on the FHLB operations and long-term performance. It is possible this could have an adverse effect on the value of the Corporation’s investment in FHLB stock. The Corporation determined there was no other-than-temporary impairment of the investment in FHLB stock. Therefore, at March 31, 2017, the FHLB stock is recorded at cost.

The Bank held $14.6 million in Federal Reserve Bank stock as required by the Federal Reserve Bank at March 31, 2017 and December 31, 2016.

47

Loans and Leases

Gross loans and leases held for investment grew $56.0 million or 1.7% from December 31, 2016. The growth in loans was primarily in commercial real estate, commercial business and residential real estate loans.

Asset Quality

The Bank's strategy for credit risk management focuses on having well-defined credit policies and uniform underwriting criteria and providing prompt attention to potential problem loans and leases. Performance of the loan and lease portfolio is monitored on a regular basis by Bank management and lending officers.

Loans and leases are deemed impaired when, based on current information and events, it is probable that the Bank will be unable to collect all proceeds due according to the contractual terms of the agreement or when a loan or lease is classified as a troubled debt restructuring. Factors considered by management in determining impairment include payment status, borrower cash flows, collateral value and the probability of collecting scheduled principal and interest payments when due.

When a loan or lease, including a loan or lease that is impaired, is classified as nonaccrual, the accrual of interest on such a loan or lease is discontinued. A loan or lease is typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest, even though the loan or lease is currently performing. A loan or lease may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan or lease is placed on nonaccrual status, unpaid interest credited to income is reversed and the amortization of net deferred fees is suspended. Interest payments received on nonaccrual loans and leases are either applied against principal or reported as interest income, according to management’s judgment as to the ultimate collectability of principal.

Loans or leases are usually restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt.

At March 31, 2017, the recorded investment in loans and leases held for investment that were considered to be impaired was $42.4 million. The related reserve for loan and lease losses was $979 thousand. At December 31, 2016, the recorded investment in loans and leases that were considered to be impaired was $43.9 million. The related reserve for loan and lease losses was $235 thousand. The impaired loan and lease balances consisted mainly of commercial real estate loans and business loans. Impaired loans and leases include nonaccrual loans and leases, accruing troubled debt restructured loans and lease modifications and other accruing impaired loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms. The amount of the specific reserve needed for these credits could change in future periods subject to changes in facts and judgments related to these credits. Specific reserves have been established based on current facts and management’s judgments about the ultimate outcome of these credits. Interest income recognized on impaired loans for the three months ended March 31, 2017 and 2016 was $292 thousand and $402 thousand, respectively. For the three months ended March 31, 2017 and 2016, additional interest income that would have been recognized under the original terms for impaired loans was $215 thousand and $218 thousand, respectively.

Other real estate owned was $3.7 million at March 31, 2017, compared to $5.0 million at December 31, 2016. During the first quarter of 2017, two commercial real estate properties with a total carrying value of $874 thousand were sold for a gain of $14 thousand, three units of a condominium complex with a carrying value of $1.0 million were sold for a gain of $100 thousand and one commercial real estate property with a total fair value of $653 thousand was transferred to other real estate owned.

Reserve for Loan and Lease Losses

The reserve for loan and lease losses is maintained at a level representing management's best estimate of known risks and inherent losses in the portfolio, based upon management's evaluation of the portfolio's collectability. Management evaluates the need to establish reserves against losses on loans and leases on a quarterly basis. When changes in the reserve are necessary, an adjustment is made.

The reserve for loan and lease losses consists of a reserve for impaired loans and leases and a general valuation allowance on the remainder of the portfolio. Although management determines the amount of each element of the reserve separately, the entire reserve for loan and lease losses is available for losses on the portfolio.

48

The Corporation maintains a reserve in other liabilities for off-balance sheet credit exposures that currently are unfunded in categories with historical loss experience. The reserve for these off-balance sheet credits was $393 thousand and $385 thousand at March 31, 2017 and December 31, 2016, respectively.

Table 3—Nonaccrual and Past Due Loans and Leases; Troubled Debt Restructured Loans and Lease Modifications; Other Real Estate Owned; and Related Ratios

The following table details information pertaining to the Corporation’s non-performing assets at the dates indicated. Non-performing loans and assets exclude acquired credit impaired loans for Fox Chase and Valley Green.

(Dollars in thousands)	At March 31, 2017			At December 31, 2016
Nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications*:
Loans held for investment:
Commercial, financial and agricultural	$	5,305		$	5,746
Real estate—commercial	4,133			5,651
Real estate—residential	4,857			5,983
Lease financings	5,561			536
Total nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications*	19,856			17,916
Accruing troubled debt restructured loans and lease modifications not included in the above	2,818			3,252
Accruing loans and leases 90 days or more past due:
Real estate—residential	617			652
Loans to individuals	142			142
Lease financings	160			193
Total accruing loans and leases, 90 days or more past due	919			987
Total non-performing loans and leases	23,593			22,155
Other real estate owned	3,712			4,969
Total nonperforming assets	$	27,305		$	27,124
Nonaccrual loans and leases (including nonaccrual troubled debt restructured loans and lease modifications) / loans and leases held for investment	0.59		%	0.55		%
Nonperforming loans and leases / loans and leases held for investment	0.71			0.67
Nonperforming assets / total assets	0.64			0.64
Allowance for loan and lease losses / loans and leases held for investment	0.58			0.53
Allowance for loan and lease losses / loans and leases held for investment (excluding acquired loans at period-end)	0.74			0.73
Allowance for loan and lease losses / nonaccrual loans and leases held for investment	98.35			97.67
Allowance for loan and lease losses / nonperforming loans and leases held for investment	82.77			78.98
Allowance for loan and lease losses	$	19,528		$	17,499
Acquired credit impaired loans	6,616			7,352
Nonperforming loans and leases and acquired credit impaired loans/loans and leases held for investment	0.90		%	0.90		%
Nonperforming assets and acquired credit impaired loans/ total assets	0.79			0.81
* Nonaccrual troubled debt restructured loans and lease modifications included in nonaccrual loans and leases in the above table	$	1,674		$	1,753

49

The following table provides additional information on the Corporation’s nonaccrual loans held for investment:

(Dollars in thousands)	At March 31, 2017			At December 31, 2016
Total nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications	$	19,856		$	17,916
Nonaccrual loans and leases with partial charge-offs	4,895			5,000
Life-to-date partial charge-offs on nonaccrual loans and leases	2,851			2,857
Charge-off rate of nonaccrual loans and leases with partial charge-offs	36.8		%	36.4		%
Specific reserves on impaired loans	$	399		$	235

Goodwill and Other Intangible Assets

Goodwill and other intangible assets have been recorded on the books of the Corporation in connection with acquisitions. The Corporation has covenants not to compete, core deposit and customer-related intangibles and servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The amortization of intangible assets was $1.1 million and $834 thousand for the three months ended March 31, 2017 and 2016, respectively. See Note 4 to the Consolidated Financial Statements, "Goodwill and Other Intangible Assets" for a summary of intangible assets at March 31, 2017 and December 31, 2016. The Corporation also has goodwill with a net carrying value of $172.6 million at March 31, 2017 and December 31, 2016, which is deemed to be an indefinite intangible asset and is not amortized.

The Corporation completes a goodwill impairment analysis at least on an annual basis, or more often, if events and circumstances indicate that there may be impairment. The Corporation also completes an impairment test for other identifiable intangible assets on an annual basis or more often if events and circumstances indicate there may be impairment. There was no impairment of goodwill or identifiable intangibles during the three months ended March 31, 2017 and 2016. Since the last annual impairment analysis during 2016, there have been no circumstances to indicate impairment. There can be no assurance that future impairment assessments or tests will not result in a charge to earnings.

Liabilities

The following table presents liabilities at the dates indicated:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016		Change
					Amount			Percent
Deposits	$	3,365,951	$	3,257,567	$	108,384		3.3	%
Short-term borrowings	79,366		196,171		(116,805		)	(59.5	)
Long-term debt	182,066		127,522		54,544			42.8
Subordinated notes	94,148		94,087		61			0.1
Accrued interest payable and other liabilities	40,520		49,972		(9,452		)	(18.9	)
Total liabilities	$	3,762,051	$	3,725,319	$	36,732		1.0	%

Deposits

Total deposits grew $108.4 million or 3.3% from December 31, 2016, primarily due to increases in public funds and commercial customer deposits.

Borrowings

Total borrowings decreased $62.2 million from December 31, 2016, primarily due to a decrease in short-term borrowings of $116.8 million partially offset by an increase in long-term Federal Home Loan Bank borrowings of $54.6 million.

50

Shareholders’ Equity

The following table presents total shareholders’ equity at the dates indicated:

(Dollars in thousands)	At March 31, 2017			At December 31, 2016			Change
							Amount			Percent
Common stock	$	144,559		$	144,559		$	—		—	%
Additional paid-in capital	230,391			230,494			(103		)	N/M
Retained earnings	200,050			194,516			5,534			2.8
Accumulated other comprehensive loss	(18,992		)	(19,454		)	462			2.4
Treasury stock	(44,128		)	(44,906		)	778			1.7
Total shareholders’ equity	$	511,880		$	505,209		$	6,671		1.3	%

The increase in shareholder's equity at March 31, 2017 of $6.7 million from December 31, 2016 was primarily related to a $5.5 million increase to retained earnings. Retained earnings at March 31, 2017 were impacted by the three months of net income of $10.9 million partially offset by cash dividends declared of $5.3 million. Accumulated other comprehensive loss decreased by $462 thousand mainly attributable to increases in the fair value of available-for-sale investment securities. Treasury stock decreased by $778 thousand primarily due to the issuance of restricted stock.

Capital Adequacy

The Corporation and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s and the Bank’s financial statements. Capital adequacy guidelines, and additionally for the Bank the prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weighting and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Corporation and the Bank to maintain minimum amounts and ratios (set forth in the following table) of Total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined), or leverage ratio.

In July 2013, the federal bank regulatory agencies adopted final rules revising the agencies’ capital adequacy guidelines and prompt corrective action rules, designed to enhance such requirements and implement the revised standards of the Basel Committee on Banking Supervision, commonly referred to as Basel III. The new minimum capital requirements were effective on January 1, 2015. Under the new rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity Tier 1 capital above its minimum risk-based capital requirements in an amount greater than 2.5% of total risk-weighted assets. The capital conservation buffer requirements phase in over a four-year period beginning January 1, 2016.

The Corporation adopted the new Basel III regulatory capital rules during the first quarter of 2015 under the transition rules, primarily relating to regulatory deductions and adjustments impacting common equity tier 1 capital and tier 1 capital, to be phased in over a three-year period beginning January 1, 2015. Under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. During 2017, the Corporation and the Bank must hold a capital conservation buffer greater than 1.250% above its minimum risk-based capital requirements in order to avoid limitations on capital distributions.

51

Table 4—Regulatory Capital

The Corporation's and Bank's actual and required capital ratios as of March 31, 2017 and December 31, 2016 under BASEL III regulatory capital rules were as follows.

	Actual				For Capital Adequacy Purposes				To Be Well-Capitalized Under Prompt Corrective Action Provisions
(Dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
At March 31, 2017
Total Capital (to Risk-Weighted Assets):
Corporation	$	469,296	12.44	%	$	301,688	8.00	%	$	377,111	10.00	%
Bank	440,359		11.77		299,276		8.00		374,095		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	354,940		9.41		226,266		6.00		301,688		8.00
Bank	420,151		11.23		224,457		6.00		299,276		8.00
Tier 1 Common Capital (to Risk-Weighted Assets):
Corporation	354,940		9.41		169,700		4.50		245,122		6.50
Bank	420,151		11.23		168,343		4.50		243,161		6.50
Tier 1 Capital (to Average Assets):
Corporation	354,940		8.75		162,180		4.00		202,725		5.00
Bank	420,151		10.44		160,985		4.00		201,232		5.00
At December 31, 2016
Total Capital (to Risk-Weighted Assets):
Corporation	$	462,198	12.44	%	$	297,284	8.00	%	$	371,604	10.00	%
Bank	436,435		11.85		294,679		8.00		368,349		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	349,942		9.42		222,963		6.00		297,284		8.00
Bank	418,266		11.36		221,010		6.00		294,679		8.00
Tier 1 Common Capital (to Risk-Weighted Assets):
Corporation	349,942		9.42		167,222		4.50		241,543		6.50
Bank	418,266		11.36		165,757		4.50		239,427		6.50
Tier 1 Capital (to Average Assets):
Corporation	349,942		8.84		158,410		4.00		198,013		5.00
Bank	418,266		10.64		157,254		4.00		196,567		5.00

At March 31, 2017 and December 31, 2016, management believes that the Corporation and the Bank continued to meet all capital adequacy requirements to which they are subject. The Corporation, like other bank holding companies, currently is required to maintain Tier 1 Capital and Total Capital equal to at least 6.0% and 8.0%, respectively, of total risk-weighted assets (including various off-balance-sheet items). The Bank, like other depository institutions, is required to maintain similar capital levels under capital adequacy guidelines. During 2017, the Corporation and the Bank must hold a capital conservation buffer comprised of common equity Tier 1 capital above its minimum risk-based capital requirements in an amount greater than 1.250% of total risk-weighted assets in order to avoid limitations on capital distributions. For a depository institution to be considered “well capitalized” under the regulatory framework for prompt corrective action, Tier 1 and Total Capital ratios must be at least 8.0% and 10.0% on a risk-adjusted basis, respectively. At March 31, 2017, the Bank is categorized as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Corporation will continue to analyze the impact of the new rules as it grows and as the capital conservation buffer requirements are phased in.

52

Asset/Liability Management

The primary functions of Asset/Liability Management are to assure adequate earnings, capital and liquidity while maintaining an appropriate balance between interest-earning assets and interest-bearing liabilities. Liquidity management involves the ability to meet cash flow requirements of customers and corporate needs. Management's objective to address interest-rate risk is to understand the Corporation's susceptibility to changes in interest rates and develop and implement strategies to minimize volatility while maximizing net interest income.

The Corporation uses both interest-sensitivity gap analysis and simulation modeling to quantify exposure to interest rate risk. The Corporation uses the gap analysis to identify and monitor long-term rate exposure and uses a simulation model to measure the short-term rate exposures. The Corporation runs various earnings simulation scenarios to quantify the impact of declining or rising interest rates on net interest income over a one-year and two-year horizon. The simulation uses expected cash flows and repricing characteristics for all financial instruments at a point in time and incorporates company developed, market-based assumptions regarding growth, pricing, and optionality such as prepayment speeds. As interest rates increase, fixed-rate assets that banks hold will tend to decrease in value; conversely, as interest rates decline, fixed-rate assets that banks hold will tend to increase in value.

Liquidity

The Corporation, in its role as a financial intermediary, is exposed to certain liquidity risks. Liquidity refers to the Corporation’s ability to ensure that sufficient cash flow and liquid assets are available to satisfy demand for loans, deposit withdrawals, repayment of borrowings and brokered certificates of deposit at maturity, operating expenditures, and capital expansion. The Corporation manages liquidity risk by measuring and monitoring liquidity sources and estimated funding needs on a weekly basis. The Corporation has a contingency funding plan in place to address liquidity needs in the event of an institution-specific or a systemic financial crisis.

Sources of Funds

Core deposits continue to be the largest significant funding sources for the Corporation. These deposits are primarily generated from a base of consumer, business and public customers located in our primary service areas. The Corporation faces increased competition for these deposits from a large array of financial market participants, including banks, credit unions, savings institutions, mutual funds, security dealers and others.

The Corporation also utilizes a mix of short-term and long-term wholesale funding providers. Wholesale funding includes correspondent bank borrowings, secured borrowing lines from the Federal Home Loan Bank, the Federal Reserve Bank of Philadelphia and, at times, brokered deposits and other similar sources.

The Corporation, through the Bank, has a credit facility with the FHLB with a maximum borrowing capacity of approximately $1.3 billion. At March 31, 2017 and December 31, 2016, the carrying amount of overnight borrowings with the FHLB was $9.7 million and $91.3 million, respectively. At March 31, 2017 and December 31, 2016, the carrying amount of long-term borrowings with the FHLB was $150.9 million and $96.2 million, respectively. At March 31, 2017 and December 31, 2016, the Bank had outstanding short-term letters of credit with the FHLB totaling $178.8 million and $148.5 million, respectively, which were utilized to collateralize public funds deposits. The maximum borrowing capacity with the FHLB changes as a function of qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank.

The Corporation, through the Bank, maintains uncommitted federal fund lines with several correspondent banks totaling $327.0 million and $302.0 million at March 31, 2017 and December 31, 2016, respectively. At March 31, 2017 and December 31, 2016, the Corporation had $45.0 million and $80.0 million, respectively, outstanding federal funds purchased with these correspondent banks. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, has an available line of credit at the Federal Reserve Bank of Philadelphia, the amount of which is dependent upon the balance of loans and securities pledged as collateral. At March 31, 2017 and December 31, 2016, the Corporation had no outstanding borrowings under this line.

The Corporation has a $10.0 million line of credit with a correspondent bank. At March 31, 2017, the Corporation had no outstanding borrowings under this line.

53

On April 25, 2017, Kroll Bond Rating Agency ("KBRA") reaffirmed its credit rating for the Corporation and the Bank with a stable outlook. Specifically, KBRA reaffirmed the Corporation's senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term rating of K2. With regard to the Bank, KBRA reaffirmed the Bank's deposit rating of A-, short-term debt rating of K2 and short-term deposit rating of K2 while also assigning the Bank a senior unsecured debt rating of A-. Additionally, on April 25, 2017, KBRA initiated the Bank's subordinated debt rating of BBB+.

Cash Requirements

The Corporation has cash requirements for various financial obligations, including contractual obligations and commitments that require cash payments. The most significant contractual obligation, in both the under and over one year time period, is for the Bank to repay certificates of deposit and short-term and long-term borrowings. The Bank anticipates meeting these obligations by continuing to provide convenient depository and cash management services through its financial center network, thereby replacing these contractual obligations with similar fund sources at rates that are competitive in our market. The Bank will also use borrowings and brokered deposits to meet its obligations.

Commitments to extend credit are the Bank’s most significant commitment in both the under and over one year time periods. These commitments do not necessarily represent future cash requirements in that these commitments often expire without being drawn upon.

Recent Accounting Pronouncements

For information regarding recent accounting pronouncements, refer to Note 1 to the Consolidated Financial Statements, “Summary of Significant Accounting Policies.”

Item 3. Quantitative and Qualitative Disclosures About Market Risk

No material changes in the Corporation’s market risk or market strategy occurred during the current period. A detailed discussion of market risk is provided in the Corporation's Annual Report on Form 10-K for the period ended December 31, 2016.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Management is responsible for the disclosure controls and procedures of the Corporation. Disclosure controls and procedures are controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods required by the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be so disclosed by an issuer is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, an evaluation was performed under the supervision and with the participation of the Corporation’s management, including the Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial and Accounting Officer), of the effectiveness of the design and operation of the Corporation’s disclosure controls and procedures. Based on that evaluation, the Corporation’s Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of March 31, 2017.

Changes in Internal Control over Financial Reporting

There were no changes in the Corporation’s internal control over financial reporting (as defined in Rule 13a-15(f)) during the quarter ended March 31, 2017 that materially affected, or are reasonably likely to materially affect, the Corporation’s internal control over financial reporting.

54

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

As discussed in Notes 3 and 14 to the financial statements included in Part I, Item I of this Form 10-Q, a complaint has been filed in federal court in Texas against Univest Capital, Inc.

Item 1A. Risk Factors

There have been no material changes in risk factors from those disclosed under Item 1A, “Risk Factors.” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2016.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information on repurchases by the Corporation of its common stock under the Corporation's Board approved program.

ISSUER PURCHASES OF EQUITY SECURITIES
Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1 – 31, 2017	—	$	—	—	1,080,246
February 1 – 28, 2017	—	—		—	1,080,246
March 1 – 31, 2017	—	—		—	1,080,246
Total	—	$	—	—

1. Transactions are reported as of trade dates.

2. On October 23, 2013, the Corporation’s Board of Directors approved a new stock repurchase plan for the repurchase of up to 800,000 shares, or approximately 5% of the shares outstanding. On May 27, 2015, the Corporation's Board of Directors approved an increase of 1,000,000 shares available for repurchase under the Corporation's share repurchase program, or approximately 5% of the Corporation's common stock outstanding as of May 27, 2015. The repurchased shares limit is net of normal treasury activity such as purchases to fund the dividend reinvestment, employee stock purchase and equity compensation plans. The program has no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

55

Item 6. Exhibits

a.	Exhibits
	Exhibit 3.1	Amended and Restated Articles of Incorporation are incorporated by reference to Exhibit 3.1 of Form 8-K, filed with the SEC on April 22, 2015.
	Exhibit 3.2	Amended By-Laws effective November 23, 2016 are incorporated by reference to Exhibit 3.2 of Form 8-K, filed with the SEC on November 23, 2016.
	Exhibit 10.1	Form of Change in Control Agreement, dated February 22, 2017, entered into between Univest Corporation of Pennsylvania and Roger S. Deacon, is incorporated by reference to Exhibit 10.1 of Form 8-K, filed with the SEC on February 23, 2017.
	Exhibit 31.1	Certification of Jeffrey M. Schweitzer, President and Chief Executive Officer of the Corporation, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002.
	Exhibit 31.2	Certification of Roger S. Deacon, Senior Executive Vice President and Chief Financial Officer of the Corporation, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002.
	Exhibit 32.1	Certification of Jeffrey M. Schweitzer, President and Chief Executive Officer of the Corporation, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002.
	Exhibit 32.2	Certification of Roger S. Deacon, Senior Executive Vice President and Chief Financial Officer of the Corporation, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002.
	Exhibit 101.INS	XBRL Instance Document
	Exhibit 101.SCH	XBRL Taxonomy Extension Schema Document
	Exhibit 101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
	Exhibit 101.LAB	XBRL Taxonomy Extension Label Linkbase Document
	Exhibit 101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
	Exhibit 101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

56

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Univest Corporation of Pennsylvania
	(Registrant)
Date: May 3, 2017	/s/ Jeffrey M. Schweitzer
	Jeffrey M. Schweitzer President and Chief Executive Officer (Principal Executive Officer)
Date: May 3, 2017	/s/ Roger S. Deacon
	Roger S. Deacon Senior Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

57

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Jeffrey M. Schweitzer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Univest Corporation of Pennsylvania;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: May 3, 2017

/s/ Jeffrey M. Schweitzer

Jeffrey M. Schweitzer

President and Chief Executive Officer

(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Roger S. Deacon, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Univest Corporation of Pennsylvania;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: May 3, 2017

/s/ Roger S. Deacon

Roger S. Deacon

Senior Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Univest Corporation of Pennsylvania on Form 10-Q for the period ended March 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Corporation.

A signed original of this written statement required by Section 906 has been provided to Univest Corporation of Pennsylvania and will be retained by Univest Corporation of Pennsylvania and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ Jeffrey M. Schweitzer

Jeffrey M. Schweitzer

President and Chief Executive Officer

(Principal Executive Officer)

May 3, 2017

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Univest Corporation of Pennsylvania on Form 10-Q for the period ended March 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Corporation.

A signed original of this written statement required by Section 906 has been provided to Univest Corporation of Pennsylvania and will be retained by Univest Corporation of Pennsylvania and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ Roger S. Deacon

Roger S. Deacon

Senior Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

May 3, 2017

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	UNIVEST CORP OF PENNSYLVANIA
Entity Central Index Key	0000102212
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1
Trading Symbol	UVSP
Amendment Flag	false
Entity Common Stock, Shares Outstanding		26,661,431

XML

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 44,745	$ 48,757
Interest-earning deposits with other banks	13,055	9,068
Investment securities held-to-maturity (fair value $33,022 and $24,871 at March 31, 2017 and December 31, 2016, respectively)	33,027	24,881
Investment securities available-for-sale	431,612	443,637
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	25,322	24,869
Loans held for sale	1,110	5,890
Loans and leases held for investment	3,341,916	3,285,886
Less: Reserve for loan and lease losses	(19,528)	(17,499)
Net loans and leases held for investment	3,322,388	3,268,387
Premises and equipment, net	64,811	63,638
Goodwill	172,559	172,559
Other intangibles, net of accumulated amortization and fair value adjustments of $18,668 and $17,597 at March 31, 2017 and December 31, 2016, respectively	15,923	16,651
Bank owned life insurance	100,520	99,948
Accrued interest receivable and other assets	48,859	52,243
Total assets	4,273,931	4,230,528
LIABILITIES
Noninterest-bearing deposits	947,495	918,337
Interest-bearing deposits:
Demand deposits	1,034,363	909,963
Savings deposits	830,917	803,078
Time deposits	553,176	626,189
Total deposits	3,365,951	3,257,567
Short-term borrowings	79,366	196,171
Long-term debt	182,066	127,522
Subordinated notes	94,148	94,087
Accrued interest payable and other liabilities	40,520	49,972
Total liabilities	3,762,051	3,725,319
SHAREHOLDERS’ EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2017 and December 31, 2016; 28,911,799 shares issued at March 31, 2017 and December 31, 2016; 26,645,520 and 26,589,353 shares outstanding at March 31, 2017 and December 31, 2016, respectively	144,559	144,559
Additional paid-in capital	230,391	230,494
Retained earnings	200,050	194,516
Accumulated other comprehensive loss, net of tax benefit	(18,992)	(19,454)
Treasury stock, at cost; 2,266,279 and 2,322,446 shares at March 31, 2017 and December 31, 2016, respectively	(44,128)	(44,906)
Total shareholders’ equity	511,880	505,209
Total liabilities and shareholders’ equity	$ 4,273,931	$ 4,230,528

XML

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Securities Held-to-Maturity, Fair Value	$ 33,022	$ 24,871
Accumulated amortization and fair value adjustments on other intangibles	$ 18,668	$ 17,597
Common stock, par value	$ 5	$ 5
Common stock, shares authorized	48,000,000	48,000,000
Common stock, shares issued	28,911,799	28,911,799
Common stock, shares outstanding	26,645,520	26,589,353
Treasury stock, shares	2,266,279	2,322,446

XML

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest and fees on loans and leases:
Taxable	$ 33,700	$ 21,850
Exempt from federal income taxes	2,035	1,716
Total interest and fees on loans and leases	35,735	23,566
Interest and dividends on investment securities:
Taxable	1,688	1,274
Exempt from federal income taxes	599	734
Interest on deposits with other banks	17	28
Interest and dividends on other earning assets	357	132
Total interest income	38,396	25,734
Interest expense
Interest on deposits	2,191	1,533
Interest on short-term borrowings	262	3
Interest on long-term debt and subordinated notes	1,660	675
Total interest expense	4,113	2,211
Net interest income	34,283	23,523
Provision for loan and lease losses	2,445	326
Net interest income after provision for loan and lease losses	31,838	23,197
Noninterest income
Trust fee income	1,907	1,865
Service charges on deposit accounts	1,243	998
Investment advisory commission and fee income	3,181	2,671
Insurance commission and fee income	4,410	4,558
Other service fee income	1,987	1,831
Bank owned life insurance income	783	470
Net gain on sales of investment securities	15	44
Net gain on mortgage banking activities	1,113	1,218
Other income	331	176
Total noninterest income	14,970	13,831
Noninterest expense
Salaries and benefits	16,657	14,182
Commissions	2,050	1,895
Net occupancy	2,665	2,100
Equipment	993	776
Data processing	2,058	1,281
Professional fees	1,239	1,020
Marketing and advertising	379	538
Deposit insurance premiums	402	447
Intangible expenses	759	766
Acquisition-related costs	0	214
Integration costs	0	6
Other expense	4,828	3,714
Total noninterest expense	32,030	26,939
Income before income taxes	14,778	10,089
Income taxes	3,922	2,800
Net income	$ 10,856	$ 7,289
Net income per share:
Basic (in dollars per share)	$ 0.41	$ 0.37
Diluted (in dollars per share)	0.41	0.37
Dividends declared (in dollars per share)	$ 0.20	$ 0.20

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Before Tax Amount
(Loss) income, Before Tax Amount		$ 14,778	$ 10,089
Net unrealized gains (losses) on available-for-sale investment securities, Before Tax Amount
Net unrealized holding gains arising during the period		420	2,218
Less: reclassification adjustment for net gains on sales realized in net income	[1]	(15)	(44)
Total net unrealized gains on available-for-sale investment securities		405	2,174
Cash flow hedge derivative, Before Tax Amount
Net unrealized holding gains (losses) arising during the period		7	(626)
Less: reclassification adjustment for net losses realized in net income	[2]	71	81
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges		78	(545)
Defined benefit pension plans, Before Tax Amount
Amortization of net actuarial loss included in net periodic pension costs	[3]	299	329
Accretion of prior service cost included in net periodic pension costs	[3]	(70)	(71)
Total defined benefit pension plans		229	258
Other comprehensive income, Before Tax Amount		712	1,887
Total comprehensive income, Before Tax Amount		15,490	11,976
Tax Expense (Benefit)
Income taxes		3,922	2,800
Net unrealized gains (losses) on available-for-sale investment securities, Tax Expense (Benefit)
Net unrealized holding gains arising during the period		147	776
Less: reclassification adjustment for net gains on sales realized in net income	[1]	(5)	(15)
Total net unrealized gains on available-for-sale investment securities		142	761
Net unrealized losses on interest rate swaps used in cash flow hedges, Tax Expense (Benefit)
Net unrealized holding losses arising during the period		2	(219)
Less: reclassification adjustment for net losses realized in net income	[2]	25	28
Total net unrealized losses on interest rate swaps used in cash flow hedges		27	(191)
Defined benefit pension plans, Tax Expense (Benefit)
Amortization of net actuarial loss included in net periodic pension costs	[3]	105	115
Accretion of prior service cost included in net periodic pension costs	[3]	(24)	(25)
Total defined benefit pension plans		81	90
Other comprehensive income, Tax Expense (Benefit)		250	660
Total comprehensive income, Tax Expense (Benefit)		4,172	3,460
Net of Tax Amount
Net income		10,856	7,289
Net unrealized gains (losses) on available-for-sale investment securities, Net of Tax Amount
Net unrealized holding gains arising during the period		273	1,442
Less: reclassification adjustment for net gains on sales realized in net income	[1]	(10)	(29)
Total net unrealized gains on available-for-sale investment securities		263	1,413
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges, Net of Tax Amount
Net unrealized holding gains (losses) arising during the period		5	(407)
Less: reclassification adjustment for net losses realized in net income	[2]	46	53
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges		51	(354)
Defined benefit pension plans, Net of Tax Amount
Amortization of net actuarial loss included in net periodic pension costs	[3]	194	214
Accretion of prior service cost included in net periodic pension costs	[3]	(46)	(46)
Total defined benefit pension plans		148	168
Other comprehensive income, Net of Tax Amount		462	1,227
Total comprehensive income, Net of Tax Amount		$ 11,318	$ 8,516

[1] Included in net gain on sales of investment securities on the consolidated statements of income (before tax amount).

[2] Included in interest expense on deposits on the consolidated statements of income (before tax amount).

[3] These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount).

XML

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Treasury Stock [Member]
Beginning balance at Dec. 31, 2015	$ 361,574	$ 110,271	$ 121,280	$ 193,446	$ (16,708)	$ (46,715)
Beginning balance, shares at Dec. 31, 2015		19,530,930
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,289	$ 0	0	7,289	0	0
Other comprehensive income, net of income tax	1,227	0	0	0	1,227	0
Cash dividends declared ($0.20 per share)	(3,908)	0	0	(3,908)	0	0
Stock issued under dividend reinvestment and employee stock purchase plans	617	$ 0	8	0	0	609
Stock issued under dividend reinvestment and employee stock purchase plans, shares		30,121
Exercise of stock options	274	$ 0	9	0	0	265
Exercise of stock options, shares		14,167
Repurchase of cancelled restricted stock awards	0	$ 0	241	0	0	(241)
Repurchase of cancelled restricted stock awards, shares		(14,250)
Stock-based compensation	451	$ 0	451	0	0	0
Purchases of treasury stock	(521)	$ 0	0	0	0	(521)
Purchases of treasury stock, shares		(26,750)
Restricted stock awards granted	0	$ 0	(1,083)	0	0	1,083
Restricted stock awards granted, shares		58,580
Ending balance at Mar. 31, 2016	367,003	$ 110,271	120,906	196,827	(15,481)	(45,520)
Ending balance, shares at Mar. 31, 2016		19,592,798
Beginning balance at Dec. 31, 2016	505,209	$ 144,559	230,494	194,516	(19,454)	(44,906)
Beginning balance, shares at Dec. 31, 2016		26,589,353
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,856	$ 0	0	10,856	0	0
Other comprehensive income, net of income tax	462	0	0	0	462	0
Cash dividends declared ($0.20 per share)	(5,322)	0	0	(5,322)	0	0
Stock issued under dividend reinvestment and employee stock purchase plans	617	$ 0	16	0	0	601
Stock issued under dividend reinvestment and employee stock purchase plans, shares		20,944
Exercise of stock options	$ 861	$ 0	(62)	0	0	923
Exercise of stock options, shares	47,704	47,704
Repurchase of cancelled restricted stock awards	$ 0	$ 0	246	0	0	(246)
Repurchase of cancelled restricted stock awards, shares		(13,125)
Stock-based compensation	831	$ 0	831	0	0	0
Purchases of treasury stock	(1,634)	$ 0	0	0	0	(1,634)
Purchases of treasury stock, shares		(57,804)
Restricted stock awards granted	0	$ 0	(1,134)	0	0	1,134
Restricted stock awards granted, shares		58,448
Ending balance at Mar. 31, 2017	$ 511,880	$ 144,559	$ 230,391	$ 200,050	$ (18,992)	$ (44,128)
Ending balance, shares at Mar. 31, 2017		26,645,520

XML

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends declared, per share	$ 0.20	$ 0.20

XML

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 10,856	$ 7,289
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	2,445	326
Depreciation of premises and equipment	1,192	946
Net amortization of investment securities premiums and discounts	515	320
Net gain on sales of investment securities	(15)	(44)
Net gain on mortgage banking activities	(1,113)	(1,218)
Bank owned life insurance income	(783)	(470)
Net accretion of acquisition accounting fair value adjustments	(764)	(100)
Stock-based compensation	831	451
Intangible expenses	759	766
Other adjustments to reconcile net income to cash provided by operating activities	(130)	5
Deferred tax expense	1,087	905
Originations of loans held for sale	(24,828)	(44,414)
Proceeds from the sale of loans held for sale	30,568	46,003
Contributions to pension and other postretirement benefit plans	(69)	(60)
Decrease (increase) in accrued interest receivable and other assets	851	(2,503)
Increase in accrued interest payable and other liabilities	(3,715)	(1,469)
Net cash provided by operating activities	17,687	6,733
Cash flows from investing activities:
Net capital expenditures	(2,299)	(2,177)
Proceeds from maturities and calls of securities held-to-maturity	10,026	4,000
Proceeds from maturities and calls of securities available-for-sale	18,782	18,693
Proceeds from sales of securities available-for-sale	1,762	53,181
Purchases of investment securities held-to-maturity	(18,209)	0
Purchases of investment securities available-for-sale	(9,009)	(32,573)
Net (increase) decrease in other investments	(453)	118
Net increase in loans and leases	(56,550)	(7,507)
Net (increase) decrease in interest-earning deposits	(3,987)	21,156
Proceeds from sales of other real estate owned	2,039	0
Proceeds from bank owned life insurance	211	0
Net cash (used in) provided by investing activities	(57,687)	54,891
Cash flows from financing activities:
Net increase (decrease) in deposits	108,543	(59,934)
Net (decrease) increase in short-term borrowings	(116,805)	1,640
Proceeds from issuance of long-term debt	55,000	0
Payment of contingent consideration on acquisitions	(5,284)	(900)
Purchases of treasury stock	(1,634)	(521)
Stock issued under dividend reinvestment and employee stock purchase plans	617	617
Proceeds from exercise of stock options	861	274
Cash dividends paid	(5,310)	(3,896)
Net cash provided by (used in) financing activities	35,988	(62,720)
Net decrease in cash and due from banks	(4,012)	(1,096)
Cash and due from banks at beginning of year	48,757	32,356
Cash and due from banks at end of period	44,745	31,260
Supplemental disclosures of cash flow information:
Cash paid for interest	4,729	3,113
Cash paid for income taxes, net of refunds	157	685
Non cash transactions:
Transfer of loans to other real estate owned	$ 653	$ 1,797

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Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Corporation of Pennsylvania (the Corporation or Univest) and its wholly owned subsidiaries; the Corporation’s primary subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the three-month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ended December 31, 2017. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on March 4, 2016.

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation expense.

Recent Accounting Pronouncements

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-07, "Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." The amendments in this ASU require that an employer that sponsors defined benefit pension plans and other postretirement plans, present the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendments also allow only the service cost component to be eligible for capitalization, when applicable. This ASU is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods, or January 1, 2018 for the Corporation. This ASU should be applied retrospectively for the presentation requirements and prospectively for the capitalization of the service cost component requirements. The amendments allow a practical expedient that permits an employer to use the amounts disclosed in its pension and other postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. Disclosure that the practical expedient was used is required. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." This ASU eliminates Step 2 of the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or for the Corporation's goodwill impairment test in 2020. Early adoption is permitted for goodwill impairment tests with measurement dates after January 1, 2017. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business." The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business – inputs, processes, and outputs. While an integrated set of assets and activities (collectively referred to as a “set”) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. The amendments in this ASU provide a screen to determine when a set is not a business. If the screen is not met, the amendments (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output, and (2) remove the evaluation of whether a market participant could replace missing elements. The ASU provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods, or January 1, 2018 for the Corporation. The amendments in this ASU should be applied prospectively on or after the effective date. The Corporation does not anticipate the adoption of this ASU will have a material impact on the Corporation's financial statements.

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified-retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which an other-than-temporary impairment has been recognized before the effective date. The ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years for public business entities that are SEC filers, or January 1, 2020 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated that the allowance will increase upon adoption of CECL and that the increased allowance level will decrease regulatory capital and ratios.

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" to revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. Disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. These practical expedients relate to the identification and classification of leases that commenced before the effective date, initial direct costs for leases that commenced before the effective date, and the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset. An entity that elects to apply the practical expedients will, in effect, continue to account for leases that commence before the effective date in accordance with previous GAAP unless the lease is modified, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. The ASU is effective for the first interim period within annual periods beginning after December 15, 2018, or January 1, 2019, with early adoption permitted. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, the adoption of this ASU will impact the balance sheet for the recording of assets and liabilities for operating leases; any initial or continued impact of the recording of assets will have an impact on risk-based capital ratios under current regulatory guidance and possibly equity ratios.

In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The ASU will require equity investments to be measured at fair value with changes in fair value recognized in net income. When fair value is not readily determinable, an entity may elect to measure the equity investment at cost, minus impairment, plus or minus any change in the investment’s observable price. The ASU will simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. A valuation allowance on a deferred tax asset related to available-for-sale securities will need to be included. For financial liabilities that are measured at fair value, the ASU requires an entity to present separately, in other comprehensive income, any change in fair value resulting from a change in instrument-specific credit risk. An entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption. The amendments in this ASU are effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2017 or January 1, 2018 for the Corporation. At March 31, 2017, the Corporation's equity portfolio had a carrying value of $941 thousand which included an unrealized net gain of $532 thousand. This unrealized net gain, net of income taxes, amounted to $345 thousand and was recorded in accumulated other comprehensive income. Upon implementation using the prospective approach, the balance in accumulated other comprehensive income will be reclassed to retained earnings. The carrying value of the equity securities, upon implementation, will not change; however, any future increases or decreases in fair value will be recorded as an increase or decrease to the carrying value and recognized in non-interest income.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." This ASU clarifies the principles for recognizing revenue and develops a common standard for U.S. GAAP and International Financial Reporting Standards. The ASU establishes a core principle that would require an entity to identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. The ASU provides for improved disclosure requirements that require entities to disclose sufficient information that enables users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross Versus Net),” which instructs the participants in the sale to determine whether they control the good or service and are entitled to the gross amount of the transaction or are acting as an agent and should collect only a fee or commission for arranging the sale. In April 2016, the FASB issued ASU No. 2016-10, “Identifying Performance Obligations and Licensing" to provide clarification on these areas. In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers - Narrow Scope Improvements and Practical Expedients” providing some limited improvements and practical expedients. The original effective date of the guidance relating to revenue from contracts with customers was deferred by one year as a result of the issuance of ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,” which was issued by the FASB in August 2015. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017, or January 1, 2018 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated the impact will be only related to timing.

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Investment Securities

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at March 31, 2017 and December 31, 2016, by contractual maturity within each type:

	At March 31, 2017									At December 31, 2016
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years	$	5,000	$	—	$	(8	)	$	4,992	$	—	$	—	$	—		$	—
	5,000		—		(8		)	4,992		—		—		—			—
Residential mortgage-backed securities:
After 5 years to 10 years	4,959		2		—			4,961		—		—		—			—
Over 10 years	13,066		16		(9		)	13,073		5,071		—		(3		)	5,068
	18,025		18		(9		)	18,034		5,071		—		(3		)	5,068
Corporate bonds:
Within 1 year	10,002		—		(6		)	9,996		19,810		2		(9		)	19,803
	10,002		—		(6		)	9,996		19,810		2		(9		)	19,803
Total	$	33,027	$	18	$	(23	)	$	33,022	$	24,881	$	2	$	(12	)	$	24,871
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year	$	15,000	$	6	$	—		$	15,006	$	15,000	$	20	$	—		$	15,020
After 1 year to 5 years	17,220		2		(24		)	17,198		17,265		—		(19		)	17,246
	32,220		8		(24		)	32,204		32,265		20		(19		)	32,266
State and political subdivisions:
Within 1 year	2,105		—		—			2,105		964		—		(1		)	963
After 1 year to 5 years	18,122		67		(24		)	18,165		18,705		38		(75		)	18,668
After 5 years to 10 years	54,737		955		(250		)	55,442		55,541		829		(426		)	55,944
Over 10 years	8,855		138		(79		)	8,914		12,663		226		(114		)	12,775
	83,819		1,160		(353		)	84,626		87,873		1,093		(616		)	88,350
Residential mortgage-backed securities:
After 1 year to 5 years	5,628		6		(46		)	5,588		6,086		—		(66		)	6,020
After 5 years to 10 years	31,927		1		(771		)	31,157		23,479		—		(622		)	22,857
Over 10 years	157,202		95		(3,663		)	153,634		174,388		99		(4,794		)	169,693
	194,757		102		(4,480		)	190,379		203,953		99		(5,482		)	198,570
Collateralized mortgage obligations:
Over 10 years	4,390		—		(89		)	4,301		4,659		—		(105		)	4,554
	4,390		—		(89		)	4,301		4,659		—		(105		)	4,554
Corporate bonds:
Within 1 year	7,032		—		(24		)	7,008		250		—		—			250
After 1 year to 5 years	29,773		61		(154		)	29,680		35,923		34		(241		)	35,716
After 5 years to 10 years	15,187		—		(396		)	14,791		15,193		—		(516		)	14,677
Over 10 years	60,000		—		(3,612		)	56,388		60,000		27		(2,472		)	57,555
	111,992		61		(4,186		)	107,867		111,366		61		(3,229		)	108,198
Money market mutual funds:
No stated maturity	11,294		—		—			11,294		10,784		—		—			10,784
	11,294		—		—			11,294		10,784		—		—			10,784
Equity securities:
No stated maturity	409		533		(1		)	941		411		504		—			915
	409		533		(1		)	941		411		504		—			915
Total	$	438,881	$	1,864	$	(9,133	)	$	431,612	$	451,311	$	1,777	$	(9,451	)	$	443,637

Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due. Unrealized losses in investment securities at March 31, 2017 and December 31, 2016 do not represent other-than-temporary impairments in management's judgment.

Securities with a carrying value of $355.3 million and $356.7 million at March 31, 2017 and December 31, 2016, respectively, were pledged to secure public deposits and other contractual obligations. In addition, securities of $1.4 million were pledged to secure credit derivatives and interest rate swaps at March 31, 2017 and December 31, 2016. See Note 10, "Derivative Instruments and Hedging Activities" for additional information.

The following table presents information related to sales of securities available-for-sale during the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
(Dollars in thousands)	2017		2016
Securities available-for-sale:
Proceeds from sales	$	1,762	$	53,181
Gross realized gains on sales	15		106
Gross realized losses on sales	—		62
Tax expense related to net realized gains on sales	5		15

Management evaluates debt securities, which are comprised of U.S. government, government sponsored agencies, municipalities, corporate bonds and other issuers, for other-than-temporary impairment by considering the current economic conditions, the length of time and the extent to which the fair value has been less than cost, market interest rates and the credit rating of each security. The Corporation does not have the intent to sell the debt securities and believes it is more likely than not, that it will not have to sell the securities before recovery of their cost basis. The Corporation did not recognize any other-than-temporary impairment charges on debt securities for the three months ended March 31, 2017 and 2016.

At March 31, 2017 and December 31, 2016, there were no investments in any single non-federal issuer representing more than 10% of shareholders’ equity.

The following table shows the fair value of securities that were in an unrealized loss position at March 31, 2017 and December 31, 2016 by the length of time those securities were in a continuous loss position. For the investment securities in an unrealized loss position, the Corporation has concluded, based on its analysis, that the unrealized losses are primarily caused by the movement of interest rates and current market conditions. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the par value of the investment. It is more likely than not that the Corporation will not be required to sell the investment before a recovery of carrying value.

	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2017
Securities Held-to-Maturity
U.S. government corporations and agencies	$	4,992	$	(8	)	$	—	$	—		$	4,992	$	(8	)
Residential mortgage-backed securities	5,000		(9		)	—		—			5,000		(9		)
Corporate bonds	4,995		(6		)	—		—			4,995		(6		)
Total	$	14,987	$	(23	)	$	—	$	—		$	14,987	$	(23	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	11,837	$	(24	)	$	—	$	—		$	11,837	$	(24	)
State and political subdivisions	22,082		(344		)	1,706		(9		)	23,788		(353		)
Residential mortgage-backed securities	180,647		(4,480		)	—		—			180,647		(4,480		)
Collateralized mortgage obligations	1,885		(14		)	2,416		(75		)	4,301		(89		)
Corporate bonds	66,728		(2,025		)	32,839		(2,161		)	99,567		(4,186		)
Equity securities	3		(1		)	—		—			3		(1		)
Total	$	283,182	$	(6,888	)	$	36,961	$	(2,245	)	$	320,143	$	(9,133	)
At December 31, 2016
Securities Held-to-Maturity
Residential mortgage-backed securities	$	5,068	$	(3	)	$	—	$	—		$	5,068	$	(3	)
Corporate bonds	9,779		(9		)	—		—			9,779		(9		)
Total	$	14,847	$	(12	)	$	—	$	—		$	14,847	$	(12	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	11,850	$	(19	)	$	—	$	—		$	11,850	$	(19	)
State and political subdivisions	40,771		(610		)	423		(6		)	41,194		(616		)
Residential mortgage-backed securities	192,782		(5,482		)	—		—			192,782		(5,482		)
Collateralized mortgage obligations	2,012		(26		)	2,542		(79		)	4,554		(105		)
Corporate bonds	58,535		(1,333		)	33,104		(1,896		)	91,639		(3,229		)
Total	$	305,950	$	(7,470	)	$	36,069	$	(1,981	)	$	342,019	$	(9,451	)

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Loans and Leases

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Loans and Leases

Loans and Leases

Summary of Major Loan and Lease Categories

	At March 31, 2017
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	750,342		$	90,629	$	840,971
Real estate-commercial	1,013,978			389,690		1,403,668
Real estate-construction	170,178			11,409		181,587
Real estate-residential secured for business purpose	180,830			111,402		292,232
Real estate-residential secured for personal purpose	220,543			74,889		295,432
Real estate-home equity secured for personal purpose	154,363			12,736		167,099
Loans to individuals	27,915			148		28,063
Lease financings	132,864			—		132,864
Total loans and leases held for investment, net of deferred income	$	2,651,013		$	690,903	$	3,341,916
Unearned lease income, included in the above table	$	(15,524	)	$	—	$	(15,524	)
Net deferred costs, included in the above table	4,418			—		4,418
Overdraft deposits included in the above table	73			—		73

	At December 31, 2016
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	663,221		$	160,045	$	823,266
Real estate-commercial	909,581			465,368		1,374,949
Real estate-construction	142,891			31,953		174,844
Real estate-residential secured for business purpose	151,931			142,137		294,068
Real estate-residential secured for personal purpose	210,377			80,431		290,808
Real estate-home equity secured for personal purpose	147,982			14,857		162,839
Loans to individuals	30,110			263		30,373
Lease financings	134,739			—		134,739
Total loans and leases held for investment, net of deferred income	$	2,390,832		$	895,054	$	3,285,886
Unearned lease income, included in the above table	$	(15,970	)	$	—	$	(15,970	)
Net deferred costs, included in the above table	4,503			—		4,503
Overdraft deposits included in the above table	84			—		84

Overdraft deposits are re-classified as loans and are included in the total loans and leases on the balance sheet.

The carrying amount of acquired loans at March 31, 2017 totaled $690.9 million, including $535.7 million of loans from the Fox Chase acquisition and $155.2 million from the Valley Green Bank acquisition. At March 31, 2017, loans acquired with deteriorated credit quality, or acquired credit impaired loans, were $5.8 million from the Fox Chase acquisition and $788 thousand from the Valley Green Bank acquisition. Acquired credit impaired loans are accounted for in accordance with Accounting Standards Codification (ASC) Topic 310-30.

The outstanding principal balance and carrying amount for acquired credit impaired loans at March 31, 2017 and December 31, 2016 were as follows:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016
Outstanding principal balance	$	8,007	$	8,993
Carrying amount	6,616		7,352
Allowance for loan losses	—		—

The following table presents the changes in accretable yield on acquired credit impaired loans:

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Beginning of period	$	50		$	144
Reclassification from nonaccretable discount	107			46
Accretable discount amortized to interest income	(116		)	(74		)
Disposals	(4		)	—
End of period	$	37		$	116

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Acquired Credit Impaired		Total Loans and Leases Held for Investment		Recorded Investment 90 Days or more Past Due and Accruing Interest
At March 31, 2017
Commercial, financial and agricultural	$	1,466	$	—	$	1,548	$	3,014	$	837,397	$	560	$	840,971	$	—
Real estate—commercial real estate and construction:
Commercial real estate	4,606		47		1,466		6,119		1,392,288		5,261		1,403,668		—
Construction	—		365		—		365		181,222		—		181,587		—
Real estate—residential and home equity:
Residential secured for business purpose	1,700		1,227		1,328		4,255		287,395		582		292,232		—
Residential secured for personal purpose	2,125		—		767		2,892		292,327		213		295,432		508
Home equity secured for personal purpose	471		343		459		1,273		165,826		—		167,099		109
Loans to individuals	266		38		142		446		27,617		—		28,063		142
Lease financings	5,948		822		5,721		12,491		120,373		—		132,864		160
Total	$	16,582	$	2,842	$	11,431	$	30,855	$	3,304,445	$	6,616	$	3,341,916	$	919
At December 31, 2016
Commercial, financial and agricultural	$	1,536	$	256	$	1,335	$	3,127	$	819,550	$	589	$	823,266	$	—
Real estate—commercial real estate and construction:
Commercial real estate	1,482		1,560		2,591		5,633		1,363,606		5,710		1,374,949		—
Construction	202		—		—		202		174,642		—		174,844		—
Real estate—residential and home equity:
Residential secured for business purpose	1,390		428		1,539		3,357		289,927		784		294,068		—
Residential secured for personal purpose	3,243		905		879		5,027		285,512		269		290,808		481
Home equity secured for personal purpose	717		142		521		1,380		161,459		—		162,839		171
Loans to individuals	324		95		142		561		29,812		—		30,373		142
Lease financings	1,731		1,418		729		3,878		130,861		—		134,739		193
Total	$	10,625	$	4,804	$	7,736	$	23,165	$	3,255,369	$	7,352	$	3,285,886	$	987

Non-Performing Loans and Leases

The following presents, by class of loans and leases, non-performing loans and leases at March 31, 2017 and December 31, 2016:

	At March 31, 2017								At December 31, 2016
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Non- Performing Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Non- Performing Loans and Leases
Commercial, financial and agricultural	$	5,305	$	954	$	—	$	6,259	$	5,746	$	967	$	—	$	6,713
Real estate—commercial real estate and construction:
Commercial real estate	4,133		1,506		—		5,639		5,651		1,519		—		7,170
Real estate—residential and home equity:
Residential secured for business purpose	3,845		316		—		4,161		4,898		766		—		5,664
Residential secured for personal purpose	514		42		508		1,064		560		—		481		1,041
Home equity secured for personal purpose	498		—		109		607		525		—		171		696
Loans to individuals	—		—		142		142		—		—		142		142
Lease financings	5,561		—		160		5,721		536		—		193		729
Total	$	19,856	$	2,818	$	919	$	23,593	$	17,916	$	3,252	$	987	$	22,155

* Includes nonaccrual troubled debt restructured loans and lease modifications of $1.7 million and $1.8 million at March 31, 2017 and December 31, 2016, respectively.

The increase in nonaccrual lease financings represents software leases totaling $5.0 million under a vendor referral program. These leases are personally guaranteed by high net worth individuals. During the first quarter of 2017, the lessees stopped making payments due to disputes with the vendor, and Univest Capital, Inc., a subsidiary of the Corporation, filed legal complaints to pursue collection of all amounts owed. A complaint was subsequently filed against Univest Capital Inc. and certain other defendants on March 28, 2017 by one of the lessees in federal court in Texas seeking, among other things, class action certification and a declaration that the contracts and related guarantees are null and void. Univest Capital, Inc. has not been served with the complaint, and the plaintiff has been directed to file an amended complaint on or before May 5, 2017. As of the filing date, the outcome of the matter is neither probable nor estimable.

Credit Quality Indicators

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at March 31, 2017 and December 31, 2016.

The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating.

1. Cash Secured—No credit risk

2. Fully Secured—Negligible credit risk

3. Strong—Minimal credit risk

4. Satisfactory—Nominal credit risk

5. Acceptable—Moderate credit risk

6. Pre-Watch—Marginal, but stable credit risk

7. Special Mention—Potential weakness

8. Substandard—Well-defined weakness

9. Doubtful—Collection in-full improbable

10. Loss—Considered uncollectible

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2017
Grade:
1. Cash secured/ 2. Fully secured	$	1,579	$	—	$	16,754	$	—	$	18,333
3. Strong	11,641		2,001		—		—		13,642
4. Satisfactory	16,479		39,513		—		361		56,353
5. Acceptable	552,555		767,428		116,973		156,111		1,593,067
6. Pre-watch	135,055		145,103		35,726		15,955		331,839
7. Special Mention	6,454		22,757		360		2,172		31,743
8. Substandard	26,579		37,176		365		6,231		70,351
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	750,342	$	1,013,978	$	170,178	$	180,830	$	2,115,328
At December 31, 2016
Grade:
1. Cash secured/ 2. Fully secured	$	272	$	—	$	13,714	$	162	$	14,148
3. Strong	14,980		2,045		—		—		17,025
4. Satisfactory	35,529		38,861		—		367		74,757
5. Acceptable	465,675		676,212		110,650		133,716		1,386,253
6. Pre-watch	113,499		128,646		18,213		12,025		272,383
7. Special Mention	8,820		22,439		314		1,199		32,772
8. Substandard	24,446		41,378		—		4,462		70,286
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	663,221	$	909,581	$	142,891	$	151,931	$	1,867,624

The following table presents classifications for acquired loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2017
Grade:
1. Cash secured/ 2. Fully secured	$	—	$	—	$	—	$	—	$	—
3. Strong	—		—		—		—		—
4. Satisfactory	4,385		825		—		—		5,210
5. Acceptable	66,009		242,512		3,616		90,179		402,316
6. Pre-watch	13,129		128,832		7,793		15,701		165,455
7. Special Mention	1,774		6,715		—		2,229		10,718
8. Substandard	5,332		10,806		—		3,293		19,431
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	90,629	$	389,690	$	11,409	$	111,402	$	603,130
December 31, 2016
Grade:
1. Cash secured/ 2. Fully secured	$	583	$	—	$	—	$	—	$	583
3. Strong	—		—		—		—		—
4. Satisfactory	4,399		1,018		—		—		5,417
5. Acceptable	113,512		282,199		20,565		117,322		533,598
6. Pre-watch	31,697		163,623		11,388		14,405		221,113
7. Special Mention	73		7,705		—		6,245		14,023
8. Substandard	9,781		10,823		—		4,165		24,769
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	160,045	$	465,368	$	31,953	$	142,137	$	799,503

Credit Exposure—Real Estate—Residential Secured for Personal Purpose, Real Estate—Home Equity Secured for Personal Purpose, Loans to individuals, Lease Financing Credit Risk Profile by Payment Activity

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: residential real estate loans secured for a personal purpose, home equity loans secured for a personal purpose, loans to individuals and lease financings. Nonperforming loans and leases are loans and leases past due 90 days or more, loans and leases on nonaccrual of interest and troubled debt restructured loans and lease modifications. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss.

The following table presents classifications for originated loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
At March 31, 2017
Performing	$	220,036	$	153,756	$	27,773	$	127,143	$	528,708
Nonperforming	507		607		142		5,721		6,977
Total	$	220,543	$	154,363	$	27,915	$	132,864	$	535,685
At December 31, 2016
Performing	$	210,208	$	147,286	$	29,968	$	134,010	$	521,472
Nonperforming	169		696		142		729		1,736
Total	$	210,377	$	147,982	$	30,110	$	134,739	$	523,208

The following table presents classifications for acquired loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
At March 31, 2017
Performing	$	74,332	$	12,736	$	148	$	—	$	87,216
Nonperforming	557		—		—		—		557
Total	$	74,889	$	12,736	$	148	$	—	$	87,773
At December 31, 2016
Performing	$	79,559	$	14,857	$	263	$	—	$	94,679
Nonperforming	872		—		—		—		872
Total	$	80,431	$	14,857	$	263	$	—	$	95,551

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three months ended March 31, 2017 and 2016:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended March 31, 2017
Reserve for loan and lease losses:
Beginning balance	$	7,037		$	7,505		$	774		$	993		$	364		$	788		$	38		$	17,499
Charge-offs	(178		)	—			(42		)	(94		)	(126		)	(257		)	N/A			(697		)
Recoveries	187			3			10			17			35			29			N/A			281
Provision (recovery of provision)	844			116			603			82			62			769			(34		)	2,442
Provision for acquired credit impaired loans	—			—			—			3			—			—			—			3
Ending balance	$	7,890		$	7,624		$	1,345		$	1,001		$	335		$	1,329		$	4		$	19,528
Three Months Ended March 31, 2016
Reserve for loan and lease losses:
Beginning balance	$	6,418		$	6,572		$	763		$	1,575		$	346		$	1,042		$	912		$	17,628
Charge-offs	(1,481		)	(26		)	(238		)	(46		)	(76		)	(205		)	N/A			(2,072		)
Recoveries	450			7			19			17			33			44			N/A			570
Provision (recovery of provision)	243			(82		)	203			(233		)	53			41			102			327
Recovery of provision for acquired credit impaired loans	—			—			—			(1		)	—			—			—			(1		)
Ending balance	$	5,630		$	6,471		$	747		$	1,312		$	356		$	922		$	1,014		$	16,452

N/A – Not applicable

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At March 31, 2017
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	8	$	26	$	364	$	1	$	—	$	580	N/A		$	979
Ending balance: collectively evaluated for impairment	7,882		7,598		981		1,000		335		749		4		18,549
Total ending balance	$	7,890	$	7,624	$	1,345	$	1,001	$	335	$	1,329	$	4	$	19,528
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	9,524	$	21,658	$	5,178	$	1,054	$	—	$	5,021			$	42,435
Ending balance: collectively evaluated for impairment	740,818		1,160,406		175,652		373,852		27,915		127,843				2,606,486
Loans measured at fair value	—		2,092		—		—		—		—				2,092
Acquired non-credit impaired loans	90,069		395,838		110,820		87,412		148		—				684,287
Acquired credit impaired loans	560		5,261		582		213		—		—				6,616
Total ending balance	$	840,971	$	1,585,255	$	292,232	$	462,531	$	28,063	$	132,864			$	3,341,916
At March 31, 2016
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	151	$	140	$	20	$	30	$	—	$	—	N/A		$	341
Ending balance: collectively evaluated for impairment	5,479		6,323		727		1,282		356		922		1,014		16,103
Ending balance: acquired credit impaired loans evaluated for impairment	—		8		—		—		—		—		—		8
Total ending balance	$	5,630	$	6,471	$	747	$	1,312	$	356	$	922	$	1,014	$	16,452
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	12,977	$	29,375	$	3,618	$	504	$	—	$	—			$	46,474
Ending balance: collectively evaluated for impairment	473,135		821,684		99,973		314,885		28,140		125,814				1,863,631
Acquired non-credit impaired loans	21,207		122,415		113,923		14,058		281		—				271,884
Acquired credit impaired loans	—		517		750		—		—		—				1,267
Total ending balance	$	507,319	$	973,991	$	218,264	$	329,447	$	28,421	$	125,814			$	2,183,256

N/A – Not applicable

The Corporation records a provision for loan loss for the acquired non-impaired loans only when additional deterioration of the portfolio is identified over the projections utilized in the initial fair value analysis. After the acquisition measurement period, the present value of any decreases in expected cash flows of acquired credit impaired loans will generally result in an impairment charge recorded as a provision for loan loss, resulting in an increase to the allowance.

Impaired Loans

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at March 31, 2017 and December 31, 2016. The impaired loans exclude acquired credit impaired loans.

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Impaired loans with no related reserve recorded:
Commercial, financial and agricultural	$	9,437	$	10,960			$	10,911	$	12,561
Real estate—commercial real estate	21,062		21,906				24,469		25,342
Real estate—residential secured for business purpose	3,937		4,338				5,704		6,253
Real estate—residential secured for personal purpose	556		596				560		594
Real estate—home equity secured for personal purpose	441		445				525		528
Total impaired loans with no related reserve recorded	$	35,433	$	38,245			$	42,169	$	45,278
Impaired loans with a reserve recorded:
Commercial, financial and agricultural	$	87	$	211	$	8	$	166	$	166	$	19
Real estate—commercial real estate	596		596		26		597		597		25
Real estate—residential secured for business purpose	1,241		1,519		364		983		1,105		191
Real estate—home equity secured for personal purpose	57		57		1		—		—		—
Total impaired loans with a reserve recorded	$	1,981	$	2,383	$	399	$	1,746	$	1,868	$	235

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Total impaired loans:
Commercial, financial and agricultural	$	9,524	$	11,171	$	8	$	11,077	$	12,727	$	19
Real estate—commercial real estate	21,658		22,502		26		25,066		25,939		25
Real estate—residential secured for business purpose	5,178		5,857		364		6,687		7,358		191
Real estate—residential secured for personal purpose	556		596		—		560		594		—
Real estate—home equity secured for personal purpose	498		502		1		525		528		—
Total impaired loans	$	37,414	$	40,628	$	399	$	43,915	$	47,146	$	235

Impaired loans include nonaccrual loans, accruing troubled debt restructured loans and other accruing impaired loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates. Impaired loans include other accruing impaired loans of $20.3 million and $23.3 million at March 31, 2017 and December 31, 2016, respectively. Specific reserves on other accruing impaired loans were $650 thousand and $84 thousand at March 31, 2017 and December 31, 2016, respectively.

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 

	Three Months Ended March 31, 2017						Three Months Ended March 31, 2016
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms
Commercial, financial and agricultural	$	11,418	$	43	$	85	$	13,569	$	68	$	95
Real estate—commercial real estate	23,949		233		73		29,212		305		70
Real estate—residential secured for business purpose	4,268		16		44		4,273		27		47
Real estate—residential secured for personal purpose	552		—		8		568		2		4
Real estate—home equity secured for personal purpose	525		—		5		177		—		2
Total	$	40,712	$	292	$	215	$	47,799	$	402	$	218

* Includes interest income recognized on a cash basis for nonaccrual loans of $1 thousand and $7 thousand for the three months ended March 31, 2017 and 2016, respectively and interest income recognized on the accrual method for accruing impaired loans of $291 thousand and $395 thousand for the three months ended March 31, 2017 and 2016, respectively.

Impaired Leases

The Corporation had impaired leases of $5.0 million with related reserves of $580 thousand at March 31, 2017. The Corporation had no impaired leases at December 31, 2016. See discussion in Non-Performing Loans and Leases.

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended March 31, 2017							Three Months Ended March 31, 2016
(Dollars in thousands)	Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve		Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	$	—	$	—	1	$	1,545	$	1,545	$	—
Total	—	$	—	$	—	$	—	1	$	1,545	$	1,545	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	$	—	$	—	—	$	—	$	—	$	—

The Corporation grants concessions primarily related to extensions of interest-only payment periods and an occasional payment modification. These modifications typically are for a short-term basis up to one year. The goal when restructuring a credit is to establish a reasonable period of time to provide cash flow relief to customers experiencing cash flow difficulties. Accruing troubled debt restructured loans are primarily comprised of loans on which interest is being accrued under the restructured terms, and the loans are current or less than ninety days past due.

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three months ended March 31, 2017 and 2016.

	Amortization Period Extension			Total Concessions Granted
(Dollars in thousands)	No. of Loans	Amount		No. of Loans	Amount
Three Months Ended March 31, 2017
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Three Months Ended March 31, 2016
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	1	$	1,545	1	$	1,545
Total	1	$	1,545	1	$	1,545
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:

	Three Months Ended March 31,
	2017			2016
(Dollars in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	1	$	50
Total	—	$	—	1	$	50
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016
Real estate-home equity secured for personal purpose	$	180	$	180
Total	$	180	$	180

The Corporation held no foreclosed consumer residential real estate property at March 31, 2017 and December 31, 2016.

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The Corporation has covenants not to compete, core deposit and customer-related intangibles and servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The Corporation also has goodwill which is deemed to be an indefinite intangible asset and is not amortized.

Changes in the carrying amount of the Corporation's goodwill by business segment for the three months ended March 31, 2017 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2016	$	138,476	$	15,434	$	18,649	$	172,559
Addition to goodwill from acquisitions	—		—		—		—
Balance at March 31, 2017	$	138,476	$	15,434	$	18,649	$	172,559

The following table reflects the components of intangible assets at the dates indicated:

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization and Fair Value Adjustments		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Fair Value Adjustments		Net Carrying Amount
Amortized intangible assets:
Covenants not to compete	$	710	$	307	$	403	$	710	$	205	$	505
Core deposit intangibles	6,788		1,299		5,489		6,788		1,004		5,784
Customer related intangibles	12,381		8,852		3,529		12,381		8,504		3,877
Servicing rights	14,712		8,210		6,502		14,369		7,884		6,485
Total amortized intangible assets	$	34,591	$	18,668	$	15,923	$	34,248	$	17,597	$	16,651

The estimated aggregate amortization expense for covenants not to compete and core deposit and customer related intangibles for the remainder of 2017 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2017		$	2,085
2018		2,114
2019		1,565
2020		1,200
2021		923
Thereafter		1,534

The Corporation has originated mortgage servicing rights which are included in other intangible assets on the consolidated balance sheets. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing income on a basis similar to the interest method and an accelerated amortization method for loan payoffs. Mortgage servicing rights are subject to impairment testing on a quarterly basis. The aggregate fair value of these rights was $9.8 million and $9.5 million at March 31, 2017 and December 31, 2016, respectively. The fair value of mortgage servicing rights was determined using a discount rate of 10.0% at March 31, 2017, and December 31, 2016. The Corporation also records servicing rights on small business administration (SBA) loans. The value of these servicing rights was $15 thousand at March 31, 2017.

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Beginning of period	$	6,485		$	5,877
Servicing rights capitalized	343			311
Amortization of servicing rights	(326		)	(349		)
Changes in valuation allowance	—			—
End of period	$	6,502		$	5,839
Residential mortgage and SBA loans serviced for others	$	972,617		$	872,958

There was no activity in the valuation allowance for the three months ended March 31, 2017 and March 31, 2016.

The estimated amortization expense of servicing rights for the remainder of 2017 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2017		$	931
2018		818
2019		711
2020		616
2021		533
Thereafter		2,893

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Borrowings

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Borrowings

Borrowings

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization from the Fox Chase acquisition.

	At March 31, 2017				At December 31, 2016
(Dollars in thousands)	Balance at End of Period		Weighted Average Interest Rate at End of Period		Balance at End of Period		Weighted Average Interest Rate at End of Period
Short-term borrowings:
FHLB borrowings	$	9,715	0.99	%	$	91,300	0.74	%
Federal funds purchased	45,000		1.05		80,000		0.81
Customer repurchase agreements	24,651		0.05		24,871		0.05
Long-term debt:
FHLB advances	$	150,912	1.28	%	$	96,248	0.94	%
Security repurchase agreements	31,154		1.02		31,274		0.91
Subordinated notes	$	94,148	5.36	%	$	94,087	5.36	%

The Corporation, through the Bank, has a credit facility with the FHLB with a maximum borrowing capacity of approximately $1.3 billion. Advances from the FHLB are collateralized by a blanket floating lien on all first mortgage loans of the Bank, FHLB capital stock owned by the Bank and any funds on deposit with the FHLB. At March 31, 2017 and December 31, 2016, the Bank had outstanding short-term letters of credit with the FHLB totaling $178.8 million and $148.5 million, respectively, which were utilized to collateralize public funds deposits. The maximum borrowing capacity with the FHLB changes as a function of the Bank’s qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank.    

The Corporation, through the Bank, maintains uncommitted federal fund credit lines with several correspondent banks totaling $327.0 million and $302.0 million at March 31, 2017 and December 31, 2016, respectively. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, has an available line of credit at the Federal Reserve Bank of Philadelphia, the amount of which is dependent upon the balance of loans and securities pledged as collateral. At March 31, 2017 and December 31, 2016, the Corporation had no outstanding borrowings from this line.

The Corporation has a $10.0 million line of credit with a correspondent bank. At March 31, 2017, the Corporation had no outstanding borrowings under this line.

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of March 31, 2017		Weighted Average Rate
Remainder of 2017	$	65,829	0.83	%
2018	10,083		0.69
2019	10,000		1.35
2020	40,000		1.70
2021	25,000		1.97
Thereafter	—		—
Total	$	150,912	1.28	%

FHLB borrowings totaling $50.8 million that mature in 2017 have a "Call Date"; if the borrowing is called, the Corporation has the option to either pay off the borrowing without penalty or the fixed rate borrowing resets to a variable three-month LIBOR based rate. Subsequent to the call date, the borrowings are callable by the FHLB quarterly. Accordingly, the contractual maturities may differ from actual maturities.

Long-term debt under security repurchase agreements with large commercial banks mature as follows:

(Dollars in thousands)	As of March 31, 2017		Weighted Average Rate
Remainder of 2017	$	—	—	%
2018	10,351		0.83
2019	10,380		1.11
2020	10,423		1.12
2021	—		—
Thereafter	—		—
Total	$	31,154	1.02	%

Long-term debt under security repurchase agreements totaling $26.0 million are variable based on the one-month LIBOR rate plus a spread; one borrowing for $5.2 million has a fixed interest rate and may be called by the lender based on the underlying agreement.

On April 25, 2017, Kroll Bond Rating Agency ("KBRA") reaffirmed its credit rating for the Corporation and the Bank with a stable outlook. Specifically, KBRA reaffirmed the Corporation's senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term rating of K2. With regard to the Bank, KBRA reaffirmed the Bank's deposit rating of A-, short-term debt rating of K2 and short-term deposit rating of K2 while also assigning the Bank a senior unsecured debt rating of A-. Additionally, on April 25, 2017, KBRA initiated the Bank's subordinated debt rating of BBB+.

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Retirement Plans and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Retirement Plans and Other Postretirement Benefits

Retirement Plans and Other Postretirement Benefits

Substantially all employees who were hired before December 8, 2009 are covered by a noncontributory retirement plan. Employees hired on or after December 8, 2009 are not eligible to participate in the noncontributory retirement plan. The Corporation also provides supplemental executive retirement benefits to certain former executives, a portion of which is in excess of limits imposed on qualified plans by federal tax law; these plans are non-qualified benefit plans. These non-qualified benefit plans are not offered to new participants; all current participants are now retired. Information on these plans are aggregated and reported under “Retirement Plans” within this footnote.

The Corporation also provides certain postretirement healthcare and life insurance benefits for retired employees. Information on these benefits is reported under “Other Postretirement Benefits” within this footnote.

The Corporation sponsors a Supplemental Non-Qualified Pension Plan which was established in 1981 prior to the existence of a 401(k) deferred salary savings plan, employee stock purchase plan and long-term incentive plans and therefore is not offered to new participants; all current participants are now retired.

Components of net periodic benefit cost (income) were as follows:

	Three Months Ended March 31,
	2017			2016			2017		2016
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	151		$	171		$	12	$	12
Interest cost	465			518			29		33
Expected return on plan assets	(753		)	(754		)	—		—
Amortization of net actuarial loss	288			323			11		6
Accretion of prior service cost	(70		)	(71		)	—		—
Net periodic benefit cost	$	81		$	187		$	52	$	51

The Corporation previously disclosed in its financial statements for the year ended December 31, 2016, that it expected to make contributions of $160 thousand to its non-qualified retirement plans and $121 thousand to its other postretirement benefit plans in 2017. During the three months ended March 31, 2017, the Corporation contributed $40 thousand to its non-qualified retirement plans and $29 thousand to its other postretirement plans. During the three months ended March 31, 2017, $672 thousand was paid to participants from the retirement plans and $29 thousand was paid to participants from the other postretirement plans.

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Stock-Based Incentive Plan

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Incentive Plan

Stock-Based Incentive Plan

The Corporation has a shareholder approved 2013 Long-Term Incentive Plan which replaced the expired 2003 Long-Term Incentive Plan. Under the 2013 Long-Term Incentive Plan, the Corporation may grant options and share awards to employees and non-employee directors up to 3,355,786 shares of common stock, which includes 857,191 shares as a result of the completion of the acquisition of Fox Chase on July 1, 2016 and 473,483 shares as a result of the completion of the acquisition of Valley Green Bank on January 1, 2015.

The following is a summary of the Corporation's stock option activity and related information for the three months ended March 31, 2017:

(Dollars in thousands, except per share data)	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value at March 31, 2017
Outstanding at December 31, 2016	504,908		$	19.06
Granted	191,297		28.15
Expired	(65,500	)	22.98
Forfeited	—		—
Exercised	(47,704	)	18.04
Outstanding at March 31, 2017	583,001		21.66		7.9	$	2,898
Exercisable at March 31,2017	210,691		17.96		6.0	1,672

The following is a summary of nonvested stock options at March 31, 2017 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Options		Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 2016	308,940		$	6.15
Granted	191,297		6.72
Vested	(127,927	)	6.08
Forfeited	—		—
Nonvested stock options at March 31, 2017	372,310		6.46

The following aggregated assumptions were used to estimate the fair value of options granted during the three months ended March 31, 2017 and 2016:

	Three months ended March 31,
	2017			2016
	Actual			Range			Weighted Average
Expected option life in years	6.9			7.9	-	8.2	7.9
Risk free interest rate	2.30		%	1.81%	-	1.89%	1.89		%
Expected dividend yield	2.84		%	4.07%	-	4.19%	4.07		%
Expected volatility	29.75		%	46.13%	-	46.22%	46.13		%
Fair value of options	$	6.72		$5.98	-	$6.27	$	6.26

The following is a summary of nonvested restricted stock awards at March 31, 2017 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Share Awards		Weighted Average Grant Date Fair Value
Nonvested share awards at December 31, 2016	285,158		$	19.74
Granted	58,448		28.15
Vested	(47,164	)	18.32
Forfeited	(13,125	)	18.78
Nonvested share awards at March 31, 2017	283,317		21.76

The fair value of restricted stock is equivalent to the fair value on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock is summarized below for the periods indicated:

	Three months ended March 31,
(Dollars in thousands, except per share data)	2017		2016
Shares granted	58,448		58,580
Weighted average grant date fair value	$	28.15	$	19.68
Intrinsic value of awards vested	$	1,333	$	971

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested stock options and nonvested restricted stock awards at March 31, 2017 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Stock options	$	2,082	2.4
Restricted stock awards	4,189		1.9
	$	6,271	2.1

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	Three months ended March 31,
(Dollars in thousands)	2017		2016
Stock-based compensation expense:
Stock options	$	221	$	151
Restricted stock awards	610		300
Employee stock purchase plan	15		16
Total	$	846	$	467
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	$	507	$	151

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Earnings per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share, Basic and Diluted [Abstract]

Earnings per Share

Earnings per Share

The Corporation uses the two-class method to calculate earnings per share as the unvested restricted stock issued under the Corporation's equity incentive plans are participating shares with nonforfeitable rights to dividends. Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the number of weighted average shares outstanding during the period.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended   March 31,
(Dollars and shares in thousands, except per share data)	2017			2016
Numerator:
Net income	$	10,856		$	7,289
Net income allocated to unvested restricted stock	(113		)	(59		)
Net income allocated to common shares	$	10,743		$	7,230
Denominator:
Denominator for basic earnings per share—weighted-average shares outstanding	26,345			19,402
Effect of dilutive securities—employee stock options	103			31
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	26,448			19,433
Basic earnings per share	$	0.41		$	0.37
Diluted earnings per share	$	0.41		$	0.37
Average anti-dilutive options and awards excluded from computation of diluted earnings per share	242			588

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Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized (Losses) Gains on Available-for-Sale Investment Securities			Net Change Related to Derivatives Used for Cash Flow Hedges			Net Change Related to Defined Benefit Pension Plans			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2016	$	(4,988	)	$	(141	)	$	(14,325	)	$	(19,454	)
Net Change	263			51			148			462
Balance, March 31, 2017	$	(4,725	)	$	(90	)	$	(14,177	)	$	(18,992	)
Balance, December 31, 2015	$	(592	)	$	(285	)	$	(15,831	)	$	(16,708	)
Net Change	1,413			(354		)	168			1,227
Balance, March 31, 2016	$	821		$	(639	)	$	(15,663	)	$	(15,481	)

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Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Derivative Instruments and Hedging Activities

Interest Rate Swaps

The Corporation may use interest-rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The Corporation’s credit exposure on interest rate swaps includes fair value and any collateral that is held by a third party. Changes in the fair value of derivative instruments designated as hedges of future cash flows are recognized in accumulated other comprehensive income until the underlying forecasted transactions occur, at which time the deferred gains and losses are recognized in earnings. For a qualifying fair value hedge, the gain or loss on the hedging instrument is recognized in earnings, and the change in fair value of the hedge item, to the extent attributable to the hedged risk, adjusts the carrying amount of the hedge item and is recognized in earnings.

On October 24, 2014, the Corporation entered into an amortizing interest rate swap classified as a cash flow hedge with a notional amount of $20.0 million to hedge a portion of the debt financing of a pool of 10-year maturity fixed rate loans with balances totaling $29.1 million, at time of the hedge, that were originated in 2013. A brokered money market demand account with a balance exceeding the amortizing interest rate swap balance is being used for the cash flow hedge. Under the terms of the swap agreement, the Corporation pays a fixed rate of 2.10% and receives a floating rate based on the one-monthLIBOR. The swap matures in November 2022. The Corporation performed an assessment of the hedge for effectiveness at the inception of the hedge and on a recurring basis to determine that the derivative has been and is expected to continue to be highly effective in offsetting changes in cash flows of the hedged item. The Corporation expects that there will be no ineffectiveness over the life of the interest rate swap. At March 31, 2017, approximately $151 thousand in net deferred losses, net of tax, recorded in accumulated other comprehensive loss are expected to be reclassified into earnings during the next twelve months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to March 31, 2017. At March 31, 2017, the notional amount of the interest rate swap was $18.4 million, with a negative fair value of $138 thousand.

The Corporation has an interest rate swap classified as a fair value hedge with a current notional amount of $1.4 million to hedge a 10-year fixed rate loan that is earning interest at 5.83%. The Corporation pays a fixed rate of 5.83% and receives a floating rate based on the one-month LIBOR plus 350 basis points. The swap matures in October 2021. The difference between changes in the fair values of the interest rate swap agreement and the hedged loan represents hedge ineffectiveness and is recorded in other noninterest income in the consolidated statements of operations.

The Corporation has an interest rate swap with a current notional amount of $598 thousand, for a 15-year fixed rate loan that is earning interest at 7.43%. The Corporation pays a fixed rate of 7.43% and receives a floating rate based on the one-month LIBOR plus 224 basis points. The swap matures in April 2022. The interest rate swap is carried at fair value in accordance with FASB ASC 815 "Derivatives and Hedging." The loan is carried at fair value under the fair value option as permitted by FASB ASC 825 "Financial Instruments."

Credit Derivatives

The Corporation has agreements with third-party financial institutions whereby the third-party financial institution enters into interest rate derivative contracts and foreign currency swap contracts with loan customers referred to them by the Corporation. By the terms of the agreements, the third-party financial institution has recourse to the Corporation for any exposure created under each swap contract in the event the customer defaults on the swap agreement and the agreement is in a paying position to the third-party financial institution. These transactions represent credit derivatives and are a customary arrangement that allows the Corporation to provide access to interest rate and foreign currency swap transactions for customers without creating the swap. The Corporation records the fair value of credit derivatives in other liabilities on the consolidated balance sheets. The Corporation recognizes changes in the fair value of credit derivatives, net of any fees received, in other noninterest income in the consolidated statements of income.

At March 31, 2017, the Corporation has twelve variable-rate to fixed-rate interest rate swap transactions between the third-party financial institution and customers with a current notional amount of $47.5 million, and remaining maturities ranging from two to 10 years. At March 31, 2017, the fair value of the swaps to the customers was a liability of $57 thousand and all swaps were in paying positions to the third-party financial institution.

At March 31, 2017, there were no material foreign currency swap transactions between the third-party institution and loan customers.

The maximum potential payments by the Corporation to the third-party financial institution under these credit derivatives are not estimable as they are contingent on future interest rates and exchange rates, and the agreement does not provide for a limitation of the maximum potential payment amount.

Mortgage Banking Derivatives

Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1-to 4-family residential properties whose predominant risk characteristic is interest rate risk. The fair values of these derivative loan commitments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties.

Derivatives Tables

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2017 and December 31, 2016. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2017
Interest rate swap - cash flow hedge	$	18,386		$	—	Other liabilities	$	138
Interest rate swap - fair value hedge	1,417			—		Other liabilities	29
Total	$	19,803		$	—		$	167
At December 31, 2016
Interest rate swap - cash flow hedge	$	18,566		$	—	Other liabilities	$	217
Interest rate swap - fair value hedge	1,427			—		Other liabilities	37
Total	$	19,993		$	—		$	254

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2017 and December 31, 2016:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2017
Interest rate swap	$	598		$	—	Other liabilities	$	57
Credit derivatives	47,501			—		Other liabilities	57
Interest rate locks with customers	35,255		Other assets	1,208			—
Forward loan sale commitments	36,390		Other assets	3			—
Total	$	119,744		$	1,211		$	114
At December 31, 2016
Interest rate swap	$	622		$	—	Other liabilities	$	65
Credit derivatives	27,919			—		Other liabilities	9
Interest rate locks with customers	36,541		Other assets	801			—
Forward loan sale commitments	42,366		Other assets	257			—
Total	$	107,448		$	1,058		$	74

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2017			2016
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	71		$	81
Interest rate swap—fair value hedge—ineffectiveness	Other noninterest income	3			—
Net loss		$	(68	)	$	(81	)

The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2017			2016
Credit derivatives	Other noninterest income	$	71		$	—
Interest rate locks with customers	Net gain on mortgage banking activities	407			632
Forward loan sale commitments	Net loss on mortgage banking activities	(254		)	(141		)
Total		$	224		$	491

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At March 31, 2017			At December 31, 2016
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	(90	)	$	(141	)
Total		$	(90	)	$	(141	)

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Fair Value Disclosures

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Fair Value Disclosures

Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period.

Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the end of each trading day. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Examples of instruments, which would generally be classified within Level 2 of the valuation hierarchy, include securities issued by U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy.

Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does not have sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control.

Certain corporate securities owned by the Corporation are classified as Level 3 as they are not traded in active markets. The fair value of each security is estimated by benchmarking similar transactions of structure, yield and credit which are owned by the Corporation and are actively traded in the market.

On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. If, upon the Corporation’s review or in comparing with another service, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to the current pricing service regarding the data used to determine the valuation of a particular security. If the Corporation determines there is market information that would support a different valuation than from the current pricing service’s evaluation, the Corporation may utilize and change the security's valuation. There were no material differences in valuations noted at March 31, 2017.

Derivative Financial Instruments

The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Interest rate swaps and mortgage banking derivative financial instruments are classified within Level 2 of the valuation hierarchy. Credit derivatives are valued based on credit worthiness of the underlying borrower which is a significant unobservable input and therefore classified in Level 3 of the valuation hierarchy.

Two commercial loans, associated with interest rate swaps are classified in Level 3 of the valuation hierarchy since lending credit risk is not an observable input for these loans. The unrealized gain on the two loans was $85 thousand at March 31, 2017.

Contingent Consideration Liability

The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense. Changes in the original assumptions utilized at the time the acquisition closes and identified during the measurement period are recorded in accordance with ASC Topic 805 as an adjustment to goodwill. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability.

For the Sterner Insurance Associates acquisition, the potential remaining cash payment that could result from the contingent consideration arrangement ranges from $0 to a maximum of $2.6 million based on the results for the twelve-month period ending June 30 2017.

The following table presents the assets and liabilities measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016, classified using the fair value hierarchy:

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	32,204	$	—	$	32,204
State and political subdivisions	—		84,626		—		84,626
Residential mortgage-backed securities	—		190,379		—		190,379
Collateralized mortgage obligations	—		4,301		—		4,301
Corporate bonds	—		79,673		28,194		107,867
Money market mutual funds	11,294		—		—		11,294
Equity securities	941		—		—		941
Total available-for-sale securities	12,235		391,183		28,194		431,612
Loans*	—		—		2,092		2,092
Interest rate locks with customers*	—		1,208		—		1,208
Forward loan sale commitments*	—		3		—		3
Total assets	$	12,235	$	392,394	$	30,286	$	434,915
Liabilities:
Contingent consideration liability	$	—	$	—	$	729	$	729
Interest rate swaps*	—		224		—		224
Credit derivatives*	—		—		57		57
Total liabilities	$	—	$	224	$	786	$	1,010

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	32,266	$	—	$	32,266
State and political subdivisions	—		88,350		—		88,350
Residential mortgage-backed securities	—		198,570		—		198,570
Collateralized mortgage obligations	—		4,554		—		4,554
Corporate bonds	—		79,420		28,778		108,198
Money market mutual funds	10,784		—		—		10,784
Equity securities	915		—		—		915
Total available-for-sale securities	11,699		403,160		28,778		443,637
Loans*	—		—		2,138		2,138
Interest rate locks with customers*	—		801		—		801
Forward loan sale commitments*	—		257		—		257
Total assets	$	11,699	$	404,218	$	30,916	$	446,833
Liabilities:
Contingent consideration liability	$	—	$	—	$	5,999	$	5,999
Interest rate swaps*	—		319		—		319
Credit derivatives*	—		—		9		9
Total liabilities	$	—	$	319	$	6,008	$	6,327

* Such financial instruments are recorded at fair value as further described in Note 10 - Derivative Instruments.

The following table includes a rollfoward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017.

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016			Purchases/additions			Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2017
Corporate bonds	$	28,778		$	—		$	—	$	—		$	—	$	(584	)	$	28,194
Loans	2,138			—			—		(33		)	—		(13		)	2,092
Credit derivatives	(9		)	(120		)	—		—			—		72			(57		)
Net total	$	30,907		$	(120	)	$	—	$	(33	)	$	—	$	(525	)	$	30,229

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2017
Sterner Insurance Associates	$	331	$	—	$	—	$	—	$	331
Girard Partners	5,668		—		5,284		14		398
Total contingent consideration liability	$	5,999	$	—	$	5,284	$	14	$	729

	Three Months Ended March 31, 2016
(Dollars in thousands)	Balance at December 31, 2015		Contingent Consideration from New Acquisition*		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2016
Sterner Insurance Associates	$	1,144	$	—	$	—	$	154	$	1,298
Girard Partners	4,241		$	—	$	900	$	119	3,460
John T. Fretz Insurance Agency	192		—		—		7		199
Total contingent consideration liability	$	5,577	$	—	$	900	$	280	$	4,957

*Includes adjustments during the measurement period in accordance with ASC Topic 805.

The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or impairment charges of individual assets. The following table represents assets measured at fair value on a non-recurring basis at March 31, 2017 and December 31, 2016:

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	37,015	$	37,015
Impaired leases held for investment	—		—		4,441		4,441
Other real estate owned	—		—		3,712		3,712
Total	$	—	$	—	$	45,168	$	45,168

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	43,680	$	43,680
Other real estate owned	—		—		4,969		4,969
Total	$	—	$	—	$	48,649	$	48,649

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at March 31, 2017 and December 31, 2016. The disclosed fair values are classified using the fair value hierarchy.

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	57,800	$	—		$	—	$	57,800		$	57,800
Held-to-maturity securities	—		33,022			—		33,022			33,027
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			25,322
Loans held for sale	—		1,121			—		1,121			1,110
Net loans and leases held for investment	—		—			3,271,524		3,271,524			3,278,840
Servicing rights	—		—			9,799		9,799			6,502
Total assets	$	57,800	$	34,143		$	3,281,323	$	3,373,266		$	3,402,601
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	2,812,775	$	—		$	—	$	2,812,775		$	2,812,775
Time deposits	—		555,841			—		555,841			553,176
Total deposits	2,812,775		555,841			—		3,368,616			3,365,951
Short-term borrowings	—		79,366			—		79,366			79,366
Long-term debt	—		183,962			—		183,962			182,066
Subordinated notes	—		95,000			—		95,000			94,148
Total liabilities	$	2,812,775	$	914,169		$	—	$	3,726,944		$	3,721,531
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,279	)	$	—	$	(2,279	)	$	—

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	57,825	$	—		$	—	$	57,825		$	57,825
Held-to-maturity securities	—		24,871			—		24,871			24,881
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			24,869
Loans held for sale	—		5,943			—		5,943			5,890
Net loans and leases held for investment	—		—			3,193,886		3,193,886			3,222,569
Servicing rights	—		—			9,548		9,548			6,485
Total assets	$	57,825	$	30,814		$	3,203,434	$	3,292,073		$	3,342,519
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	2,631,378	$	—		$	—	$	2,631,378		$	2,631,378
Time deposits	—		628,096			—		628,096			626,189
Total deposits	2,631,378		628,096			—		3,259,474			3,257,567
Short-term borrowings	—		195,572			—		195,572			196,171
Long-term debt	—		130,157			—		130,157			127,522
Subordinated notes	—		95,188			—		95,188			94,087
Total liabilities	$	2,631,378	$	1,049,013		$	—	$	3,680,391		$	3,675,347
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,218	)	$	—	$	(2,218	)	$	—

The following valuation methods and assumptions were used by the Corporation in estimating the fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed:

Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheet for cash and due from banks, interest-earning deposits with other banks, federal funds sold and other short-term investments is their stated value. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.

Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy.

Federal Home Loan Bank, Federal Reserve Bank and other stock: It is not practical to determine the fair values of Federal Home Loan Bank, Federal Reserve Bank and other stock, due to restrictions placed on their transferability.

Loans held for sale: The fair value of the Corporation’s mortgage loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. These loans are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans held for sale are carried at the lower of cost or estimated fair value. There were no valuation adjustments for loans held for sale at March 31, 2017 and December 31, 2016.

Loans and leases held for investment: The fair values for loans and leases held for investment are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers and include components for credit risk, operating expense and embedded prepayment options. An overall valuation adjustment is made for specific credit risks in addition to general portfolio risk and is significant to the valuation. As permitted, the fair value of the loans and leases are not based on the exit price concept as discussed in the first paragraph of this note. Loans and leases are classified within Level 3 in the fair value hierarchy.

Impaired loans and leases held for investment: For impaired loans and leases, the Corporation uses a variety of techniques to measure fair value, such as using the current appraised value of the collateral, agreements of sale, discounting the contractual cash flows, and analyzing market data that the Corporation may adjust due to specific characteristics of the loan/lease or collateral. At March 31, 2017, impaired loans held for investment had a carrying amount of $37.4 million with a valuation allowance of $399 thousand. At December 31, 2016, impaired loans held for investment had a carrying amount of $43.9 million with a valuation allowance of $235 thousand. The Corporation had impaired leases of $5.0 million with related reserves of $580 thousand at March 31, 2017. The Corporation had no impaired leases at December 31, 2016.

Servicing rights: The Corporation estimates the fair value of mortgage servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. Mortgage servicing rights are classified within Level 3 in the fair value hierarchy based upon management's assessment of the inputs. The Corporation reviews the mortgage servicing rights portfolio on a quarterly basis for impairment and the mortgage servicing rights are carried at the lower of amortized cost or estimated fair value. The Corporation also records servicing rights on small business administration (SBA) loans. At March 31, 2017 and December 31, 2016, servicing rights had a carrying amount of $6.5 million with no valuation allowance.

Goodwill and other identifiable assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. During the three months ended March 31, 2017, there were no triggering events that required valuation of goodwill and other identifiable intangible assets.

Other real estate owned: The fair value of other real estate owned (OREO) is originally estimated based upon the appraised value less estimated costs to sell. The fair value less cost to sell becomes the "original cost" of the OREO asset. Subsequently, OREO is reported as the lower of the original cost and the current the fair value less cost to sell. Capital improvement expenses associated with the construction or repair of the property are capitalized as part of the cost of the OREO asset; however, the capitalized expenses may not increase the OREO asset's recorded value to an amount greater than the asset's fair value after improvements and less cost to sell. New appraisals are generally obtained on an annual basis. Other real estate owned is classified within Level 3 of the valuation hierarchy due to the unique characteristics of the collateral for each loan.

Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy.

Short-term borrowings: The fair value of short-term borrowings are estimated using current market rates for similar borrowings and are classified within Level 2 in the fair value hierarchy.

Long-term debt: The fair value of long-term debt is estimated by using discounted cash flow analysis, based on current market rates for debt with similar terms and remaining maturities. Long-term debt is classified within Level 2 in the fair value hierarchy.

Subordinated notes: The fair value of the subordinated notes are estimated by discounting the principal balance using the treasury yield curve for the term to the call date as the Corporation has the option to call the subordinated notes. The subordinated notes are classified within Level 2 in the fair value hierarchy.

Off-balance-sheet instruments: Fair values for the Corporation’s off-balance-sheet instruments are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing and are classified within Level 2 in the fair value hierarchy.

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Segment Reporting

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

At March 31, 2017, the Corporation has three reportable business segments: Banking, Wealth Management and Insurance. The Corporation determines the segments based primarily upon product and service offerings, through the types of income generated and the regulatory environment. This is strategically how the Corporation operates and has positioned itself in the marketplace. Accordingly, significant operating decisions are based upon analysis of each of these segments. The parent holding company and intercompany eliminations are included in the "Other" segment.

The Corporation's Banking segment consists of commercial and consumer banking. The Wealth Management segment consists of investment advisory services, retirement plan services, trust, municipal pension services and broker/dealer services. The Insurance segment consists of commercial lines, personal lines, benefits and human resources consulting.

Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated below.

Ÿ	The Banking segment provides financial services to consumers, businesses and governmental units. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.
Ÿ	The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions.
Ÿ	The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting.

The accounting policies, used in the disclosure of the business segments, are the same as those described in Note 1, “Summary of Significant Accounting Policies".

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2017		At December 31, 2016		At March 31, 2016
Banking	$	4,187,607	$	4,137,873	$	2,746,433
Wealth Management	31,178		35,061		30,134
Insurance	24,412		24,472		24,715
Other	30,734		33,122		23,495
Consolidated assets	$	4,273,931	$	4,230,528	$	2,824,777

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2017 and 2016.

	Three Months Ended
	March 31, 2017
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	38,392		$	1	$	—	$	3		$	38,396
Interest expense	4,113			—		—		—			4,113
Net interest income	34,279			1		—		3			34,283
Provision for loan and lease losses	2,445			—		—		—			2,445
Noninterest income	5,162			5,138		4,547		123			14,970
Intangible expenses	396			170		193		—			759
Other noninterest expense	23,744			3,471		3,069		987			31,271
Intersegment (revenue) expense*	(567		)	237		330		—			—
Income (expense) before income taxes	13,423			1,261		955		(861		)	14,778
Income tax expense (benefit)	3,641			500		404		(623		)	3,922
Net income (loss)	$	9,782		$	761	$	551	$	(238	)	$	10,856
Capital expenditures	$	4,320		$	11	$	7	$	50		$	4,388

	Three Months Ended
	March 31, 2016
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	25,725		$	2	$	—	$	7		$	25,734
Interest expense	2,211			—		—		—			2,211
Net interest income	23,514			2		—		7			23,523
Provision for loan and lease losses	326			—		—		—			326
Noninterest income	4,548			4,572		4,720		(9		)	13,831
Intangible expenses	63			303		400		—			766
Acquisition-related and integration costs	10			—		—		210			220
Other noninterest expense	18,736			3,058		3,119		1,040			25,953
Intersegment (revenue) expense*	(511		)	219		292		—			—
Income (expense) before income taxes	9,438			994		909		(1,252		)	10,089
Income tax expense (benefit)	2,357			383		377		(317		)	2,800
Net income (loss)	$	7,081		$	611	$	532	$	(935	)	$	7,289
Capital expenditures	$	1,839		$	15	$	10	$	314		$	2,178

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. Generally speaking, these expenses are allocated based upon number of employees and square footage utilized.

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Restructuring Charges

3 Months Ended

Mar. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring Charges

Restructuring Charges

During 2015 and 2016, the Corporation exited five financial centers, a lease for a new financial center and two administrative offices, and reduced staff due to rationalization; resulting in accrued expenses totaling $3.4 million, primarily related to the Banking business segment.

A roll-forward of the remaining accrued restructuring expense for the three months ended March 31, 2017 is as follows:

(Dollars in thousands)	Severance expenses			Write-downs and retirements of fixed assets		Lease cancellations			Total
Accrued at January 1, 2017	$	901		$	228	$	81		$	1,210
Payments	(445		)	—		(25		)	(470		)
Accrued at March 31, 2017	$	456		$	228	$	56		$	740

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Contingencies Contingencies

3 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Contingencies Disclosure

Contingencies

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

As discussed in Note 3, during the first quarter of 2017, certain lessees stopped making payments and Univest Capital, Inc., a subsidiary of the Corporation, filed legal complaints to pursue collection of all amounts owed. A complaint was subsequently filed against Univest Capital, Inc. and certain other defendants on March 28, 2017 by one of the lessees in federal court in Texas seeking, among other things, class action certification and a declaration that the contracts and related guarantees are null and void. Univest Capital, Inc. has not been served with the complaint, and the plaintiff has been directed to file an amended complaint on or before May 5, 2017. As of the filing date, the outcome of the matter is neither probable nor estimable.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2017

Accounting Policies [Abstract]

Principles of Consolidation and Basis of Presentation

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Corporation of Pennsylvania (the Corporation or Univest) and its wholly owned subsidiaries; the Corporation’s primary subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the three-month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ended December 31, 2017. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on March 4, 2016.

Use of Estimates

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and assessment for impairment of certain investment securities, reserve for loan and lease losses, valuation of goodwill and other intangible assets, servicing rights, deferred tax assets and liabilities, benefit plans and stock-based compensation expense.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-07, "Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost." The amendments in this ASU require that an employer that sponsors defined benefit pension plans and other postretirement plans, present the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendments also allow only the service cost component to be eligible for capitalization, when applicable. This ASU is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods, or January 1, 2018 for the Corporation. This ASU should be applied retrospectively for the presentation requirements and prospectively for the capitalization of the service cost component requirements. The amendments allow a practical expedient that permits an employer to use the amounts disclosed in its pension and other postretirement benefit plan note for the prior comparative periods as the estimation basis for applying the retrospective presentation requirements. Disclosure that the practical expedient was used is required. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." This ASU eliminates Step 2 of the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or for the Corporation's goodwill impairment test in 2020. Early adoption is permitted for goodwill impairment tests with measurement dates after January 1, 2017. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business." The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. Under the current implementation guidance in Topic 805, there are three elements of a business – inputs, processes, and outputs. While an integrated set of assets and activities (collectively referred to as a “set”) that is a business usually has outputs, outputs are not required to be present. In addition, all the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. The amendments in this ASU provide a screen to determine when a set is not a business. If the screen is not met, the amendments (1) require that to be considered a business, a set must include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create output, and (2) remove the evaluation of whether a market participant could replace missing elements. The ASU provides a framework to assist entities in evaluating whether both an input and a substantive process are present. The amendments in this ASU are effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods, or January 1, 2018 for the Corporation. The amendments in this ASU should be applied prospectively on or after the effective date. The Corporation does not anticipate the adoption of this ASU will have a material impact on the Corporation's financial statements.

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified-retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which an other-than-temporary impairment has been recognized before the effective date. The ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years for public business entities that are SEC filers, or January 1, 2020 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated that the allowance will increase upon adoption of CECL and that the increased allowance level will decrease regulatory capital and ratios.

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)" to revise the accounting related to lessee accounting. Under the new guidance, lessees will be required to recognize a lease liability and a right-of-use asset for all leases. Disclosures will be required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. Lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. These practical expedients relate to the identification and classification of leases that commenced before the effective date, initial direct costs for leases that commenced before the effective date, and the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset. An entity that elects to apply the practical expedients will, in effect, continue to account for leases that commence before the effective date in accordance with previous GAAP unless the lease is modified, except that lessees are required to recognize a right-of-use asset and a lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payments that were tracked and disclosed under previous GAAP. The ASU is effective for the first interim period within annual periods beginning after December 15, 2018, or January 1, 2019, with early adoption permitted. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, the adoption of this ASU will impact the balance sheet for the recording of assets and liabilities for operating leases; any initial or continued impact of the recording of assets will have an impact on risk-based capital ratios under current regulatory guidance and possibly equity ratios.

In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU addresses certain aspects of recognition, measurement, presentation and disclosure of financial instruments. The ASU will require equity investments to be measured at fair value with changes in fair value recognized in net income. When fair value is not readily determinable, an entity may elect to measure the equity investment at cost, minus impairment, plus or minus any change in the investment’s observable price. The ASU will simplify the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates that impairment exists, an entity is required to measure the investment at fair value. A valuation allowance on a deferred tax asset related to available-for-sale securities will need to be included. For financial liabilities that are measured at fair value, the ASU requires an entity to present separately, in other comprehensive income, any change in fair value resulting from a change in instrument-specific credit risk. An entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption. The amendments in this ASU are effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2017 or January 1, 2018 for the Corporation. At March 31, 2017, the Corporation's equity portfolio had a carrying value of $941 thousand which included an unrealized net gain of $532 thousand. This unrealized net gain, net of income taxes, amounted to $345 thousand and was recorded in accumulated other comprehensive income. Upon implementation using the prospective approach, the balance in accumulated other comprehensive income will be reclassed to retained earnings. The carrying value of the equity securities, upon implementation, will not change; however, any future increases or decreases in fair value will be recorded as an increase or decrease to the carrying value and recognized in non-interest income.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." This ASU clarifies the principles for recognizing revenue and develops a common standard for U.S. GAAP and International Financial Reporting Standards. The ASU establishes a core principle that would require an entity to identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. The ASU provides for improved disclosure requirements that require entities to disclose sufficient information that enables users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In March 2016, the FASB issued ASU No. 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross Versus Net),” which instructs the participants in the sale to determine whether they control the good or service and are entitled to the gross amount of the transaction or are acting as an agent and should collect only a fee or commission for arranging the sale. In April 2016, the FASB issued ASU No. 2016-10, “Identifying Performance Obligations and Licensing" to provide clarification on these areas. In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers - Narrow Scope Improvements and Practical Expedients” providing some limited improvements and practical expedients. The original effective date of the guidance relating to revenue from contracts with customers was deferred by one year as a result of the issuance of ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date,” which was issued by the FASB in August 2015. This guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2017, or January 1, 2018 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated the impact will be only related to timing.

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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2017

Investments, Debt and Equity Securities [Abstract]

Amortized cost and estimated fair value of held to maturity securities and available for sale securities by contractual maturity

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at March 31, 2017 and December 31, 2016, by contractual maturity within each type:

	At March 31, 2017									At December 31, 2016
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years	$	5,000	$	—	$	(8	)	$	4,992	$	—	$	—	$	—		$	—
	5,000		—		(8		)	4,992		—		—		—			—
Residential mortgage-backed securities:
After 5 years to 10 years	4,959		2		—			4,961		—		—		—			—
Over 10 years	13,066		16		(9		)	13,073		5,071		—		(3		)	5,068
	18,025		18		(9		)	18,034		5,071		—		(3		)	5,068
Corporate bonds:
Within 1 year	10,002		—		(6		)	9,996		19,810		2		(9		)	19,803
	10,002		—		(6		)	9,996		19,810		2		(9		)	19,803
Total	$	33,027	$	18	$	(23	)	$	33,022	$	24,881	$	2	$	(12	)	$	24,871
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year	$	15,000	$	6	$	—		$	15,006	$	15,000	$	20	$	—		$	15,020
After 1 year to 5 years	17,220		2		(24		)	17,198		17,265		—		(19		)	17,246
	32,220		8		(24		)	32,204		32,265		20		(19		)	32,266
State and political subdivisions:
Within 1 year	2,105		—		—			2,105		964		—		(1		)	963
After 1 year to 5 years	18,122		67		(24		)	18,165		18,705		38		(75		)	18,668
After 5 years to 10 years	54,737		955		(250		)	55,442		55,541		829		(426		)	55,944
Over 10 years	8,855		138		(79		)	8,914		12,663		226		(114		)	12,775
	83,819		1,160		(353		)	84,626		87,873		1,093		(616		)	88,350
Residential mortgage-backed securities:
After 1 year to 5 years	5,628		6		(46		)	5,588		6,086		—		(66		)	6,020
After 5 years to 10 years	31,927		1		(771		)	31,157		23,479		—		(622		)	22,857
Over 10 years	157,202		95		(3,663		)	153,634		174,388		99		(4,794		)	169,693
	194,757		102		(4,480		)	190,379		203,953		99		(5,482		)	198,570
Collateralized mortgage obligations:
Over 10 years	4,390		—		(89		)	4,301		4,659		—		(105		)	4,554
	4,390		—		(89		)	4,301		4,659		—		(105		)	4,554
Corporate bonds:
Within 1 year	7,032		—		(24		)	7,008		250		—		—			250
After 1 year to 5 years	29,773		61		(154		)	29,680		35,923		34		(241		)	35,716
After 5 years to 10 years	15,187		—		(396		)	14,791		15,193		—		(516		)	14,677
Over 10 years	60,000		—		(3,612		)	56,388		60,000		27		(2,472		)	57,555
	111,992		61		(4,186		)	107,867		111,366		61		(3,229		)	108,198
Money market mutual funds:
No stated maturity	11,294		—		—			11,294		10,784		—		—			10,784
	11,294		—		—			11,294		10,784		—		—			10,784
Equity securities:
No stated maturity	409		533		(1		)	941		411		504		—			915
	409		533		(1		)	941		411		504		—			915
Total	$	438,881	$	1,864	$	(9,133	)	$	431,612	$	451,311	$	1,777	$	(9,451	)	$	443,637

Information Related to Sales of Securities Available-for-Sale

The following table presents information related to sales of securities available-for-sale during the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31,
(Dollars in thousands)	2017		2016
Securities available-for-sale:
Proceeds from sales	$	1,762	$	53,181
Gross realized gains on sales	15		106
Gross realized losses on sales	—		62
Tax expense related to net realized gains on sales	5		15

Amount of Securities in Unrealized Loss Position

The following table shows the fair value of securities that were in an unrealized loss position at March 31, 2017 and December 31, 2016 by the length of time those securities were in a continuous loss position. For the investment securities in an unrealized loss position, the Corporation has concluded, based on its analysis, that the unrealized losses are primarily caused by the movement of interest rates and current market conditions. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the par value of the investment. It is more likely than not that the Corporation will not be required to sell the investment before a recovery of carrying value.

	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2017
Securities Held-to-Maturity
U.S. government corporations and agencies	$	4,992	$	(8	)	$	—	$	—		$	4,992	$	(8	)
Residential mortgage-backed securities	5,000		(9		)	—		—			5,000		(9		)
Corporate bonds	4,995		(6		)	—		—			4,995		(6		)
Total	$	14,987	$	(23	)	$	—	$	—		$	14,987	$	(23	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	11,837	$	(24	)	$	—	$	—		$	11,837	$	(24	)
State and political subdivisions	22,082		(344		)	1,706		(9		)	23,788		(353		)
Residential mortgage-backed securities	180,647		(4,480		)	—		—			180,647		(4,480		)
Collateralized mortgage obligations	1,885		(14		)	2,416		(75		)	4,301		(89		)
Corporate bonds	66,728		(2,025		)	32,839		(2,161		)	99,567		(4,186		)
Equity securities	3		(1		)	—		—			3		(1		)
Total	$	283,182	$	(6,888	)	$	36,961	$	(2,245	)	$	320,143	$	(9,133	)
At December 31, 2016
Securities Held-to-Maturity
Residential mortgage-backed securities	$	5,068	$	(3	)	$	—	$	—		$	5,068	$	(3	)
Corporate bonds	9,779		(9		)	—		—			9,779		(9		)
Total	$	14,847	$	(12	)	$	—	$	—		$	14,847	$	(12	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	11,850	$	(19	)	$	—	$	—		$	11,850	$	(19	)
State and political subdivisions	40,771		(610		)	423		(6		)	41,194		(616		)
Residential mortgage-backed securities	192,782		(5,482		)	—		—			192,782		(5,482		)
Collateralized mortgage obligations	2,012		(26		)	2,542		(79		)	4,554		(105		)
Corporate bonds	58,535		(1,333		)	33,104		(1,896		)	91,639		(3,229		)
Total	$	305,950	$	(7,470	)	$	36,069	$	(1,981	)	$	342,019	$	(9,451	)

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Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Summary of Major Loan and Lease Categories

	At March 31, 2017
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	750,342		$	90,629	$	840,971
Real estate-commercial	1,013,978			389,690		1,403,668
Real estate-construction	170,178			11,409		181,587
Real estate-residential secured for business purpose	180,830			111,402		292,232
Real estate-residential secured for personal purpose	220,543			74,889		295,432
Real estate-home equity secured for personal purpose	154,363			12,736		167,099
Loans to individuals	27,915			148		28,063
Lease financings	132,864			—		132,864
Total loans and leases held for investment, net of deferred income	$	2,651,013		$	690,903	$	3,341,916
Unearned lease income, included in the above table	$	(15,524	)	$	—	$	(15,524	)
Net deferred costs, included in the above table	4,418			—		4,418
Overdraft deposits included in the above table	73			—		73

	At December 31, 2016
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	663,221		$	160,045	$	823,266
Real estate-commercial	909,581			465,368		1,374,949
Real estate-construction	142,891			31,953		174,844
Real estate-residential secured for business purpose	151,931			142,137		294,068
Real estate-residential secured for personal purpose	210,377			80,431		290,808
Real estate-home equity secured for personal purpose	147,982			14,857		162,839
Loans to individuals	30,110			263		30,373
Lease financings	134,739			—		134,739
Total loans and leases held for investment, net of deferred income	$	2,390,832		$	895,054	$	3,285,886
Unearned lease income, included in the above table	$	(15,970	)	$	—	$	(15,970	)
Net deferred costs, included in the above table	4,503			—		4,503
Overdraft deposits included in the above table	84			—		84

Schedule of Impaired Loans

The outstanding principal balance and carrying amount for acquired credit impaired loans at March 31, 2017 and December 31, 2016 were as follows:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016
Outstanding principal balance	$	8,007	$	8,993
Carrying amount	6,616		7,352
Allowance for loan losses	—		—

The following table presents the changes in accretable yield on acquired credit impaired loans:

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Beginning of period	$	50		$	144
Reclassification from nonaccretable discount	107			46
Accretable discount amortized to interest income	(116		)	(74		)
Disposals	(4		)	—
End of period	$	37		$	116

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at March 31, 2017 and December 31, 2016. The impaired loans exclude acquired credit impaired loans.

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Impaired loans with no related reserve recorded:
Commercial, financial and agricultural	$	9,437	$	10,960			$	10,911	$	12,561
Real estate—commercial real estate	21,062		21,906				24,469		25,342
Real estate—residential secured for business purpose	3,937		4,338				5,704		6,253
Real estate—residential secured for personal purpose	556		596				560		594
Real estate—home equity secured for personal purpose	441		445				525		528
Total impaired loans with no related reserve recorded	$	35,433	$	38,245			$	42,169	$	45,278
Impaired loans with a reserve recorded:
Commercial, financial and agricultural	$	87	$	211	$	8	$	166	$	166	$	19
Real estate—commercial real estate	596		596		26		597		597		25
Real estate—residential secured for business purpose	1,241		1,519		364		983		1,105		191
Real estate—home equity secured for personal purpose	57		57		1		—		—		—
Total impaired loans with a reserve recorded	$	1,981	$	2,383	$	399	$	1,746	$	1,868	$	235

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Total impaired loans:
Commercial, financial and agricultural	$	9,524	$	11,171	$	8	$	11,077	$	12,727	$	19
Real estate—commercial real estate	21,658		22,502		26		25,066		25,939		25
Real estate—residential secured for business purpose	5,178		5,857		364		6,687		7,358		191
Real estate—residential secured for personal purpose	556		596		—		560		594		—
Real estate—home equity secured for personal purpose	498		502		1		525		528		—
Total impaired loans	$	37,414	$	40,628	$	399	$	43,915	$	47,146	$	235

Schedule of Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Acquired Credit Impaired		Total Loans and Leases Held for Investment		Recorded Investment 90 Days or more Past Due and Accruing Interest
At March 31, 2017
Commercial, financial and agricultural	$	1,466	$	—	$	1,548	$	3,014	$	837,397	$	560	$	840,971	$	—
Real estate—commercial real estate and construction:
Commercial real estate	4,606		47		1,466		6,119		1,392,288		5,261		1,403,668		—
Construction	—		365		—		365		181,222		—		181,587		—
Real estate—residential and home equity:
Residential secured for business purpose	1,700		1,227		1,328		4,255		287,395		582		292,232		—
Residential secured for personal purpose	2,125		—		767		2,892		292,327		213		295,432		508
Home equity secured for personal purpose	471		343		459		1,273		165,826		—		167,099		109
Loans to individuals	266		38		142		446		27,617		—		28,063		142
Lease financings	5,948		822		5,721		12,491		120,373		—		132,864		160
Total	$	16,582	$	2,842	$	11,431	$	30,855	$	3,304,445	$	6,616	$	3,341,916	$	919
At December 31, 2016
Commercial, financial and agricultural	$	1,536	$	256	$	1,335	$	3,127	$	819,550	$	589	$	823,266	$	—
Real estate—commercial real estate and construction:
Commercial real estate	1,482		1,560		2,591		5,633		1,363,606		5,710		1,374,949		—
Construction	202		—		—		202		174,642		—		174,844		—
Real estate—residential and home equity:
Residential secured for business purpose	1,390		428		1,539		3,357		289,927		784		294,068		—
Residential secured for personal purpose	3,243		905		879		5,027		285,512		269		290,808		481
Home equity secured for personal purpose	717		142		521		1,380		161,459		—		162,839		171
Loans to individuals	324		95		142		561		29,812		—		30,373		142
Lease financings	1,731		1,418		729		3,878		130,861		—		134,739		193
Total	$	10,625	$	4,804	$	7,736	$	23,165	$	3,255,369	$	7,352	$	3,285,886	$	987

Schedule of Nonperforming Loans and Leases

The following presents, by class of loans and leases, non-performing loans and leases at March 31, 2017 and December 31, 2016:

	At March 31, 2017								At December 31, 2016
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Non- Performing Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Non- Performing Loans and Leases
Commercial, financial and agricultural	$	5,305	$	954	$	—	$	6,259	$	5,746	$	967	$	—	$	6,713
Real estate—commercial real estate and construction:
Commercial real estate	4,133		1,506		—		5,639		5,651		1,519		—		7,170
Real estate—residential and home equity:
Residential secured for business purpose	3,845		316		—		4,161		4,898		766		—		5,664
Residential secured for personal purpose	514		42		508		1,064		560		—		481		1,041
Home equity secured for personal purpose	498		—		109		607		525		—		171		696
Loans to individuals	—		—		142		142		—		—		142		142
Lease financings	5,561		—		160		5,721		536		—		193		729
Total	$	19,856	$	2,818	$	919	$	23,593	$	17,916	$	3,252	$	987	$	22,155

* Includes nonaccrual troubled debt restructured loans and lease modifications of $1.7 million and $1.8 million at March 31, 2017 and December 31, 2016, respectively.

Summary of Credit Quality Indicators

The following table presents classifications for originated loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
At March 31, 2017
Performing	$	220,036	$	153,756	$	27,773	$	127,143	$	528,708
Nonperforming	507		607		142		5,721		6,977
Total	$	220,543	$	154,363	$	27,915	$	132,864	$	535,685
At December 31, 2016
Performing	$	210,208	$	147,286	$	29,968	$	134,010	$	521,472
Nonperforming	169		696		142		729		1,736
Total	$	210,377	$	147,982	$	30,110	$	134,739	$	523,208

The following table presents classifications for acquired loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financing		Total
At March 31, 2017
Performing	$	74,332	$	12,736	$	148	$	—	$	87,216
Nonperforming	557		—		—		—		557
Total	$	74,889	$	12,736	$	148	$	—	$	87,773
At December 31, 2016
Performing	$	79,559	$	14,857	$	263	$	—	$	94,679
Nonperforming	872		—		—		—		872
Total	$	80,431	$	14,857	$	263	$	—	$	95,551

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at March 31, 2017 and December 31, 2016.

The Corporation employs a ten (10) grade risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose of which the first six categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating.

1. Cash Secured—No credit risk

2. Fully Secured—Negligible credit risk

3. Strong—Minimal credit risk

4. Satisfactory—Nominal credit risk

5. Acceptable—Moderate credit risk

6. Pre-Watch—Marginal, but stable credit risk

7. Special Mention—Potential weakness

8. Substandard—Well-defined weakness

9. Doubtful—Collection in-full improbable

10. Loss—Considered uncollectible

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2017
Grade:
1. Cash secured/ 2. Fully secured	$	1,579	$	—	$	16,754	$	—	$	18,333
3. Strong	11,641		2,001		—		—		13,642
4. Satisfactory	16,479		39,513		—		361		56,353
5. Acceptable	552,555		767,428		116,973		156,111		1,593,067
6. Pre-watch	135,055		145,103		35,726		15,955		331,839
7. Special Mention	6,454		22,757		360		2,172		31,743
8. Substandard	26,579		37,176		365		6,231		70,351
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	750,342	$	1,013,978	$	170,178	$	180,830	$	2,115,328
At December 31, 2016
Grade:
1. Cash secured/ 2. Fully secured	$	272	$	—	$	13,714	$	162	$	14,148
3. Strong	14,980		2,045		—		—		17,025
4. Satisfactory	35,529		38,861		—		367		74,757
5. Acceptable	465,675		676,212		110,650		133,716		1,386,253
6. Pre-watch	113,499		128,646		18,213		12,025		272,383
7. Special Mention	8,820		22,439		314		1,199		32,772
8. Substandard	24,446		41,378		—		4,462		70,286
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	663,221	$	909,581	$	142,891	$	151,931	$	1,867,624

The following table presents classifications for acquired loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2017
Grade:
1. Cash secured/ 2. Fully secured	$	—	$	—	$	—	$	—	$	—
3. Strong	—		—		—		—		—
4. Satisfactory	4,385		825		—		—		5,210
5. Acceptable	66,009		242,512		3,616		90,179		402,316
6. Pre-watch	13,129		128,832		7,793		15,701		165,455
7. Special Mention	1,774		6,715		—		2,229		10,718
8. Substandard	5,332		10,806		—		3,293		19,431
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	90,629	$	389,690	$	11,409	$	111,402	$	603,130
December 31, 2016
Grade:
1. Cash secured/ 2. Fully secured	$	583	$	—	$	—	$	—	$	583
3. Strong	—		—		—		—		—
4. Satisfactory	4,399		1,018		—		—		5,417
5. Acceptable	113,512		282,199		20,565		117,322		533,598
6. Pre-watch	31,697		163,623		11,388		14,405		221,113
7. Special Mention	73		7,705		—		6,245		14,023
8. Substandard	9,781		10,823		—		4,165		24,769
9. Doubtful	—		—		—		—		—
10.Loss	—		—		—		—		—
Total	$	160,045	$	465,368	$	31,953	$	142,137	$	799,503

Summary of Activity in the Reserve for Loan and Lease Losses

eserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method for the three months ended March 31, 2017 and 2016:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended March 31, 2017
Reserve for loan and lease losses:
Beginning balance	$	7,037		$	7,505		$	774		$	993		$	364		$	788		$	38		$	17,499
Charge-offs	(178		)	—			(42		)	(94		)	(126		)	(257		)	N/A			(697		)
Recoveries	187			3			10			17			35			29			N/A			281
Provision (recovery of provision)	844			116			603			82			62			769			(34		)	2,442
Provision for acquired credit impaired loans	—			—			—			3			—			—			—			3
Ending balance	$	7,890		$	7,624		$	1,345		$	1,001		$	335		$	1,329		$	4		$	19,528
Three Months Ended March 31, 2016
Reserve for loan and lease losses:
Beginning balance	$	6,418		$	6,572		$	763		$	1,575		$	346		$	1,042		$	912		$	17,628
Charge-offs	(1,481		)	(26		)	(238		)	(46		)	(76		)	(205		)	N/A			(2,072		)
Recoveries	450			7			19			17			33			44			N/A			570
Provision (recovery of provision)	243			(82		)	203			(233		)	53			41			102			327
Recovery of provision for acquired credit impaired loans	—			—			—			(1		)	—			—			—			(1		)
Ending balance	$	5,630		$	6,471		$	747		$	1,312		$	356		$	922		$	1,014		$	16,452

N/A – Not applicable

Summary of Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 

	Three Months Ended March 31, 2017						Three Months Ended March 31, 2016
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms
Commercial, financial and agricultural	$	11,418	$	43	$	85	$	13,569	$	68	$	95
Real estate—commercial real estate	23,949		233		73		29,212		305		70
Real estate—residential secured for business purpose	4,268		16		44		4,273		27		47
Real estate—residential secured for personal purpose	552		—		8		568		2		4
Real estate—home equity secured for personal purpose	525		—		5		177		—		2
Total	$	40,712	$	292	$	215	$	47,799	$	402	$	218

* Includes interest income recognized on a cash basis for nonaccrual loans of $1 thousand and $7 thousand for the three months ended March 31, 2017 and 2016, respectively and interest income recognized on the accrual method for accruing impaired loans of $291 thousand and $395 thousand for the three months ended March 31, 2017 and 2016, respectively.

Schedule of Troubled Debt Restructured Loans

The Corporation held no foreclosed consumer residential real estate property at March 31, 2017 and December 31, 2016.

The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	At March 31, 2017		At December 31, 2016
Real estate-home equity secured for personal purpose	$	180	$	180
Total	$	180	$	180

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended March 31, 2017							Three Months Ended March 31, 2016
(Dollars in thousands)	Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve		Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	$	—	$	—	1	$	1,545	$	1,545	$	—
Total	—	$	—	$	—	$	—	1	$	1,545	$	1,545	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	$	—	$	—	—	$	—	$	—	$	—

Summary of Concessions Granted on Restructured Loans

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three months ended March 31, 2017 and 2016.

	Amortization Period Extension			Total Concessions Granted
(Dollars in thousands)	No. of Loans	Amount		No. of Loans	Amount
Three Months Ended March 31, 2017
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Three Months Ended March 31, 2016
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	1	$	1,545	1	$	1,545
Total	1	$	1,545	1	$	1,545
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

Schedule of Accruing and Nonaccruing Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:

	Three Months Ended March 31,
	2017			2016
(Dollars in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Accruing Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	1	$	50
Total	—	$	—	1	$	50
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of the Corporation's goodwill by business segment for the three months ended March 31, 2017 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2016	$	138,476	$	15,434	$	18,649	$	172,559
Addition to goodwill from acquisitions	—		—		—		—
Balance at March 31, 2017	$	138,476	$	15,434	$	18,649	$	172,559

Components of Intangible Assets

The following table reflects the components of intangible assets at the dates indicated:

	At March 31, 2017						At December 31, 2016
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization and Fair Value Adjustments		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Fair Value Adjustments		Net Carrying Amount
Amortized intangible assets:
Covenants not to compete	$	710	$	307	$	403	$	710	$	205	$	505
Core deposit intangibles	6,788		1,299		5,489		6,788		1,004		5,784
Customer related intangibles	12,381		8,852		3,529		12,381		8,504		3,877
Servicing rights	14,712		8,210		6,502		14,369		7,884		6,485
Total amortized intangible assets	$	34,591	$	18,668	$	15,923	$	34,248	$	17,597	$	16,651

Estimated Aggregate Amortization Expense

The estimated aggregate amortization expense for covenants not to compete and core deposit and customer related intangibles for the remainder of 2017 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2017		$	2,085
2018		2,114
2019		1,565
2020		1,200
2021		923
Thereafter		1,534

The estimated amortization expense of servicing rights for the remainder of 2017 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2017		$	931
2018		818
2019		711
2020		616
2021		533
Thereafter		2,893

Changes in Mortgage Servicing Rights

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2017			2016
Beginning of period	$	6,485		$	5,877
Servicing rights capitalized	343			311
Amortization of servicing rights	(326		)	(349		)
Changes in valuation allowance	—			—
End of period	$	6,502		$	5,839
Residential mortgage and SBA loans serviced for others	$	972,617		$	872,958

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Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Summary of Borrowings by Type

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization from the Fox Chase acquisition.

	At March 31, 2017				At December 31, 2016
(Dollars in thousands)	Balance at End of Period		Weighted Average Interest Rate at End of Period		Balance at End of Period		Weighted Average Interest Rate at End of Period
Short-term borrowings:
FHLB borrowings	$	9,715	0.99	%	$	91,300	0.74	%
Federal funds purchased	45,000		1.05		80,000		0.81
Customer repurchase agreements	24,651		0.05		24,871		0.05
Long-term debt:
FHLB advances	$	150,912	1.28	%	$	96,248	0.94	%
Security repurchase agreements	31,154		1.02		31,274		0.91
Subordinated notes	$	94,148	5.36	%	$	94,087	5.36	%

Schedule of Maturities of Long-term FHLB Advances

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of March 31, 2017		Weighted Average Rate
Remainder of 2017	$	65,829	0.83	%
2018	10,083		0.69
2019	10,000		1.35
2020	40,000		1.70
2021	25,000		1.97
Thereafter	—		—
Total	$	150,912	1.28	%

Schedule of Maturities of Other Long-term Borrowings

Long-term debt under security repurchase agreements with large commercial banks mature as follows:

(Dollars in thousands)	As of March 31, 2017		Weighted Average Rate
Remainder of 2017	$	—	—	%
2018	10,351		0.83
2019	10,380		1.11
2020	10,423		1.12
2021	—		—
Thereafter	—		—
Total	$	31,154	1.02	%

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Retirement Plans and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2017

Compensation and Retirement Disclosure [Abstract]

Components of Net Periodic Benefit Cost (Income)

Components of net periodic benefit cost (income) were as follows:

	Three Months Ended March 31,
	2017			2016			2017		2016
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	151		$	171		$	12	$	12
Interest cost	465			518			29		33
Expected return on plan assets	(753		)	(754		)	—		—
Amortization of net actuarial loss	288			323			11		6
Accretion of prior service cost	(70		)	(71		)	—		—
Net periodic benefit cost	$	81		$	187		$	52	$	51

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Stock-Based Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Status of Options Granted Under Long-Term Incentive Plan

The following is a summary of the Corporation's stock option activity and related information for the three months ended March 31, 2017:

(Dollars in thousands, except per share data)	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value at March 31, 2017
Outstanding at December 31, 2016	504,908		$	19.06
Granted	191,297		28.15
Expired	(65,500	)	22.98
Forfeited	—		—
Exercised	(47,704	)	18.04
Outstanding at March 31, 2017	583,001		21.66		7.9	$	2,898
Exercisable at March 31,2017	210,691		17.96		6.0	1,672

Summary of Nonvested Stock Options

The following is a summary of nonvested stock options at March 31, 2017 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Options		Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 2016	308,940		$	6.15
Granted	191,297		6.72
Vested	(127,927	)	6.08
Forfeited	—		—
Nonvested stock options at March 31, 2017	372,310		6.46

Aggregated Assumptions Used to Estimate Fair Value of Options Granted

The following aggregated assumptions were used to estimate the fair value of options granted during the three months ended March 31, 2017 and 2016:

	Three months ended March 31,
	2017			2016
	Actual			Range			Weighted Average
Expected option life in years	6.9			7.9	-	8.2	7.9
Risk free interest rate	2.30		%	1.81%	-	1.89%	1.89		%
Expected dividend yield	2.84		%	4.07%	-	4.19%	4.07		%
Expected volatility	29.75		%	46.13%	-	46.22%	46.13		%
Fair value of options	$	6.72		$5.98	-	$6.27	$	6.26

Summary of Nonvested Restricted Stock Awards

The following is a summary of nonvested restricted stock awards at March 31, 2017 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Share Awards		Weighted Average Grant Date Fair Value
Nonvested share awards at December 31, 2016	285,158		$	19.74
Granted	58,448		28.15
Vested	(47,164	)	18.32
Forfeited	(13,125	)	18.78
Nonvested share awards at March 31, 2017	283,317		21.76

Certain Information Regarding Restricted Stock

The fair value of restricted stock is equivalent to the fair value on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock is summarized below for the periods indicated:

	Three months ended March 31,
(Dollars in thousands, except per share data)	2017		2016
Shares granted	58,448		58,580
Weighted average grant date fair value	$	28.15	$	19.68
Intrinsic value of awards vested	$	1,333	$	971

Schedule of Unrecognized Compensation Cost, Nonvested Awards

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested stock options and nonvested restricted stock awards at March 31, 2017 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Stock options	$	2,082	2.4
Restricted stock awards	4,189		1.9
	$	6,271	2.1

Compensation Expense Related to Stock Incentive Plans Recognized

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	Three months ended March 31,
(Dollars in thousands)	2017		2016
Stock-based compensation expense:
Stock options	$	221	$	151
Restricted stock awards	610		300
Employee stock purchase plan	15		16
Total	$	846	$	467
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	$	507	$	151

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Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share, Basic and Diluted [Abstract]

Summary of Computation for Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended   March 31,
(Dollars and shares in thousands, except per share data)	2017			2016
Numerator:
Net income	$	10,856		$	7,289
Net income allocated to unvested restricted stock	(113		)	(59		)
Net income allocated to common shares	$	10,743		$	7,230
Denominator:
Denominator for basic earnings per share—weighted-average shares outstanding	26,345			19,402
Effect of dilutive securities—employee stock options	103			31
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	26,448			19,433
Basic earnings per share	$	0.41		$	0.37
Diluted earnings per share	$	0.41		$	0.37
Average anti-dilutive options and awards excluded from computation of diluted earnings per share	242			588

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Accumulated Other Comprehensive (Loss) Income (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized (Losses) Gains on Available-for-Sale Investment Securities			Net Change Related to Derivatives Used for Cash Flow Hedges			Net Change Related to Defined Benefit Pension Plans			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2016	$	(4,988	)	$	(141	)	$	(14,325	)	$	(19,454	)
Net Change	263			51			148			462
Balance, March 31, 2017	$	(4,725	)	$	(90	)	$	(14,177	)	$	(18,992	)
Balance, December 31, 2015	$	(592	)	$	(285	)	$	(15,831	)	$	(16,708	)
Net Change	1,413			(354		)	168			1,227
Balance, March 31, 2016	$	821		$	(639	)	$	(15,663	)	$	(15,481	)

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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts and Fair Value of Derivatives Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2017 and December 31, 2016. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2017
Interest rate swap - cash flow hedge	$	18,386		$	—	Other liabilities	$	138
Interest rate swap - fair value hedge	1,417			—		Other liabilities	29
Total	$	19,803		$	—		$	167
At December 31, 2016
Interest rate swap - cash flow hedge	$	18,566		$	—	Other liabilities	$	217
Interest rate swap - fair value hedge	1,427			—		Other liabilities	37
Total	$	19,993		$	—		$	254

Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2017 and December 31, 2016:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2017
Interest rate swap	$	598		$	—	Other liabilities	$	57
Credit derivatives	47,501			—		Other liabilities	57
Interest rate locks with customers	35,255		Other assets	1,208			—
Forward loan sale commitments	36,390		Other assets	3			—
Total	$	119,744		$	1,211		$	114
At December 31, 2016
Interest rate swap	$	622		$	—	Other liabilities	$	65
Credit derivatives	27,919			—		Other liabilities	9
Interest rate locks with customers	36,541		Other assets	801			—
Forward loan sale commitments	42,366		Other assets	257			—
Total	$	107,448		$	1,058		$	74

Income for Derivatives Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2017			2016
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	71		$	81
Interest rate swap—fair value hedge—ineffectiveness	Other noninterest income	3			—
Net loss		$	(68	)	$	(81	)

Income for Derivatives Not Designated as Hedging Instruments

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2017			2016
Credit derivatives	Other noninterest income	$	71		$	—
Interest rate locks with customers	Net gain on mortgage banking activities	407			632
Forward loan sale commitments	Net loss on mortgage banking activities	(254		)	(141		)
Total		$	224		$	491

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2017 and December 31, 2016:

(Dollars in thousands)	Accumulated Other Comprehensive (Loss) Income	At March 31, 2017			At December 31, 2016
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	(90	)	$	(141	)
Total		$	(90	)	$	(141	)

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Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the assets and liabilities measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016, classified using the fair value hierarchy:

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	32,204	$	—	$	32,204
State and political subdivisions	—		84,626		—		84,626
Residential mortgage-backed securities	—		190,379		—		190,379
Collateralized mortgage obligations	—		4,301		—		4,301
Corporate bonds	—		79,673		28,194		107,867
Money market mutual funds	11,294		—		—		11,294
Equity securities	941		—		—		941
Total available-for-sale securities	12,235		391,183		28,194		431,612
Loans*	—		—		2,092		2,092
Interest rate locks with customers*	—		1,208		—		1,208
Forward loan sale commitments*	—		3		—		3
Total assets	$	12,235	$	392,394	$	30,286	$	434,915
Liabilities:
Contingent consideration liability	$	—	$	—	$	729	$	729
Interest rate swaps*	—		224		—		224
Credit derivatives*	—		—		57		57
Total liabilities	$	—	$	224	$	786	$	1,010

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	32,266	$	—	$	32,266
State and political subdivisions	—		88,350		—		88,350
Residential mortgage-backed securities	—		198,570		—		198,570
Collateralized mortgage obligations	—		4,554		—		4,554
Corporate bonds	—		79,420		28,778		108,198
Money market mutual funds	10,784		—		—		10,784
Equity securities	915		—		—		915
Total available-for-sale securities	11,699		403,160		28,778		443,637
Loans*	—		—		2,138		2,138
Interest rate locks with customers*	—		801		—		801
Forward loan sale commitments*	—		257		—		257
Total assets	$	11,699	$	404,218	$	30,916	$	446,833
Liabilities:
Contingent consideration liability	$	—	$	—	$	5,999	$	5,999
Interest rate swaps*	—		319		—		319
Credit derivatives*	—		—		9		9
Total liabilities	$	—	$	319	$	6,008	$	6,327

* Such financial instruments are recorded at fair value as further described in Note 10 - Derivative Instruments.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table includes a rollfoward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017.

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016			Purchases/additions			Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2017
Corporate bonds	$	28,778		$	—		$	—	$	—		$	—	$	(584	)	$	28,194
Loans	2,138			—			—		(33		)	—		(13		)	2,092
Credit derivatives	(9		)	(120		)	—		—			—		72			(57		)
Net total	$	30,907		$	(120	)	$	—	$	(33	)	$	—	$	(525	)	$	30,229

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table includes a rollfoward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017.

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016			Purchases/additions			Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2017
Corporate bonds	$	28,778		$	—		$	—	$	—		$	—	$	(584	)	$	28,194
Loans	2,138			—			—		(33		)	—		(13		)	2,092
Credit derivatives	(9		)	(120		)	—		—			—		72			(57		)
Net total	$	30,907		$	(120	)	$	—	$	(33	)	$	—	$	(525	)	$	30,229

Contingent Consideration Liability Change in Amount

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2017 and 2016:

	Three Months Ended March 31, 2017
(Dollars in thousands)	Balance at December 31, 2016		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2017
Sterner Insurance Associates	$	331	$	—	$	—	$	—	$	331
Girard Partners	5,668		—		5,284		14		398
Total contingent consideration liability	$	5,999	$	—	$	5,284	$	14	$	729

	Three Months Ended March 31, 2016
(Dollars in thousands)	Balance at December 31, 2015		Contingent Consideration from New Acquisition*		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2016
Sterner Insurance Associates	$	1,144	$	—	$	—	$	154	$	1,298
Girard Partners	4,241		$	—	$	900	$	119	3,460
John T. Fretz Insurance Agency	192		—		—		7		199
Total contingent consideration liability	$	5,577	$	—	$	900	$	280	$	4,957

*Includes adjustments during the measurement period in accordance with ASC Topic 805.

Assets Measured at Fair Value on Non-Recurring Basis

The following table represents assets measured at fair value on a non-recurring basis at March 31, 2017 and December 31, 2016:

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	37,015	$	37,015
Impaired leases held for investment	—		—		4,441		4,441
Other real estate owned	—		—		3,712		3,712
Total	$	—	$	—	$	45,168	$	45,168

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	43,680	$	43,680
Other real estate owned	—		—		4,969		4,969
Total	$	—	$	—	$	48,649	$	48,649

Assets, Liabilities and Off-Balance Sheet Items Not Measured at Fair Value

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at March 31, 2017 and December 31, 2016. The disclosed fair values are classified using the fair value hierarchy.

	At March 31, 2017
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	57,800	$	—		$	—	$	57,800		$	57,800
Held-to-maturity securities	—		33,022			—		33,022			33,027
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			25,322
Loans held for sale	—		1,121			—		1,121			1,110
Net loans and leases held for investment	—		—			3,271,524		3,271,524			3,278,840
Servicing rights	—		—			9,799		9,799			6,502
Total assets	$	57,800	$	34,143		$	3,281,323	$	3,373,266		$	3,402,601
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	2,812,775	$	—		$	—	$	2,812,775		$	2,812,775
Time deposits	—		555,841			—		555,841			553,176
Total deposits	2,812,775		555,841			—		3,368,616			3,365,951
Short-term borrowings	—		79,366			—		79,366			79,366
Long-term debt	—		183,962			—		183,962			182,066
Subordinated notes	—		95,000			—		95,000			94,148
Total liabilities	$	2,812,775	$	914,169		$	—	$	3,726,944		$	3,721,531
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,279	)	$	—	$	(2,279	)	$	—

	At December 31, 2016
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	57,825	$	—		$	—	$	57,825		$	57,825
Held-to-maturity securities	—		24,871			—		24,871			24,881
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			24,869
Loans held for sale	—		5,943			—		5,943			5,890
Net loans and leases held for investment	—		—			3,193,886		3,193,886			3,222,569
Servicing rights	—		—			9,548		9,548			6,485
Total assets	$	57,825	$	30,814		$	3,203,434	$	3,292,073		$	3,342,519
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	2,631,378	$	—		$	—	$	2,631,378		$	2,631,378
Time deposits	—		628,096			—		628,096			626,189
Total deposits	2,631,378		628,096			—		3,259,474			3,257,567
Short-term borrowings	—		195,572			—		195,572			196,171
Long-term debt	—		130,157			—		130,157			127,522
Subordinated notes	—		95,188			—		95,188			94,087
Total liabilities	$	2,631,378	$	1,049,013		$	—	$	3,680,391		$	3,675,347
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,218	)	$	—	$	(2,218	)	$	—

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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2017		At December 31, 2016		At March 31, 2016
Banking	$	4,187,607	$	4,137,873	$	2,746,433
Wealth Management	31,178		35,061		30,134
Insurance	24,412		24,472		24,715
Other	30,734		33,122		23,495
Consolidated assets	$	4,273,931	$	4,230,528	$	2,824,777

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2017 and 2016.

	Three Months Ended
	March 31, 2017
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	38,392		$	1	$	—	$	3		$	38,396
Interest expense	4,113			—		—		—			4,113
Net interest income	34,279			1		—		3			34,283
Provision for loan and lease losses	2,445			—		—		—			2,445
Noninterest income	5,162			5,138		4,547		123			14,970
Intangible expenses	396			170		193		—			759
Other noninterest expense	23,744			3,471		3,069		987			31,271
Intersegment (revenue) expense*	(567		)	237		330		—			—
Income (expense) before income taxes	13,423			1,261		955		(861		)	14,778
Income tax expense (benefit)	3,641			500		404		(623		)	3,922
Net income (loss)	$	9,782		$	761	$	551	$	(238	)	$	10,856
Capital expenditures	$	4,320		$	11	$	7	$	50		$	4,388

	Three Months Ended
	March 31, 2016
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	25,725		$	2	$	—	$	7		$	25,734
Interest expense	2,211			—		—		—			2,211
Net interest income	23,514			2		—		7			23,523
Provision for loan and lease losses	326			—		—		—			326
Noninterest income	4,548			4,572		4,720		(9		)	13,831
Intangible expenses	63			303		400		—			766
Acquisition-related and integration costs	10			—		—		210			220
Other noninterest expense	18,736			3,058		3,119		1,040			25,953
Intersegment (revenue) expense*	(511		)	219		292		—			—
Income (expense) before income taxes	9,438			994		909		(1,252		)	10,089
Income tax expense (benefit)	2,357			383		377		(317		)	2,800
Net income (loss)	$	7,081		$	611	$	532	$	(935	)	$	7,289
Capital expenditures	$	1,839		$	15	$	10	$	314		$	2,178

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. Generally speaking, these expenses are allocated based upon number of employees and square footage utilized.

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Restructuring Charges Restructuring Charges (Tables)

3 Months Ended

Mar. 31, 2017

Restructuring and Related Activities [Abstract]

Roll-Forward of Accrued Restructuring Expense

A roll-forward of the remaining accrued restructuring expense for the three months ended March 31, 2017 is as follows:

(Dollars in thousands)	Severance expenses			Write-downs and retirements of fixed assets		Lease cancellations			Total
Accrued at January 1, 2017	$	901		$	228	$	81		$	1,210
Payments	(445		)	—		(25		)	(470		)
Accrued at March 31, 2017	$	456		$	228	$	56		$	740

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Summary of Significant Accounting Policies - Additional Information (Details) - Equity Securities [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies [Line Items]
Equity Securities Available-for-Sale, Fair Value	$ 941	$ 915
Equity Securities Available-for-Sale, Unrealized net gain	532
Available-for-sale Securities, Accumulated Net Gain Net of Income Taxes	$ 345

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Investment Securities - Narrative (Detail) $ in Millions	Mar. 31, 2017 USD ($) Investment	Dec. 31, 2016 USD ($) Investment
Investments, Debt and Equity Securities [Abstract]
Carrying value of securities pledged to secure public deposits and for other purposes as required by law	$ 355.3	$ 356.7
Pledging requirements for credit derivatives and SWAP agreements - securities	$ 1.4	$ 1.4
Number of investments in non-federal issuer representing more than 10% of shareholders' equity | Investment	0	0
Maximum investment in any single non-federal issuer representing shareholders' equity	10.00%	10.00%

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Investment Securities - Held-to-Maturity and Available-for-Sale, Scheduled Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Held-to-maturity Securities [Abstract]
Securities Held-to-Maturity, Amortized Cost	$ 33,027	$ 24,881
Securities Held-to-Maturity, Gross Unrealized Gains	18	2
Securities Held-to-Maturity, Gross Unrealized Losses	(23)	(12)
Securities Held-to-Maturity, Fair Value	33,022	24,871
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost	438,881	451,311
Securities Available-for-Sale, Gross Unrealized Gain	1,864	1,777
Securities Available-for-Sale, Gross Unrealized Loss	(9,133)	(9,451)
Securities Available-for-Sale, Fair Value	431,612	443,637
U.S. Government Corporations and Agencies [Member]
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost, Within 1 year	15,000	15,000
Securities Available-for-Sale, Gross Unrealized Gains, Within 1 year	6	20
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 year	0	0
Securities Available-for-Sale, Fair Value, Within 1 year	15,006	15,020
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	17,220	17,265
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	2	0
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(24)	(19)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	17,198	17,246
Securities Available-for-Sale, Amortized Cost	32,220	32,265
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	8	20
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(24)	(19)
Securities Available-for-Sale, Debt Securities, Fair Value	32,204	32,266
State and Political Subdivisions [Member]
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost, Within 1 year	2,105	964
Securities Available-for-Sale, Gross Unrealized Gains, Within 1 year	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 year	0	(1)
Securities Available-for-Sale, Fair Value, Within 1 year	2,105	963
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	18,122	18,705
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	67	38
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(24)	(75)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	18,165	18,668
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	54,737	55,541
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	955	829
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	(250)	(426)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	55,442	55,944
Securities Available-for-Sale, Amortized Cost, Over 10 years	8,855	12,663
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	138	226
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(79)	(114)
Securities Available-for-Sale, Fair Value, Over 10 years	8,914	12,775
Securities Available-for-Sale, Amortized Cost	83,819	87,873
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	1,160	1,093
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(353)	(616)
Securities Available-for-Sale, Debt Securities, Fair Value	84,626	88,350
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	5,628	6,086
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	6	0
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(46)	(66)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	5,588	6,020
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	31,927	23,479
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	1	0
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	(771)	(622)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	31,157	22,857
Securities Available-for-Sale, Amortized Cost, Over 10 years	157,202	174,388
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	95	99
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(3,663)	(4,794)
Securities Available-for-Sale, Fair Value, Over 10 years	153,634	169,693
Securities Available-for-Sale, Amortized Cost	194,757	203,953
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	102	99
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(4,480)	(5,482)
Securities Available-for-Sale, Debt Securities, Fair Value	190,379	198,570
Collateralized Mortgage Obligations [Member]
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost, Over 10 years	4,390	4,659
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(89)	(105)
Securities Available-for-Sale, Fair Value, Over 10 years	4,301	4,554
Securities Available-for-Sale, Amortized Cost	4,390	4,659
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	0	0
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(89)	(105)
Securities Available-for-Sale, Debt Securities, Fair Value	4,301	4,554
Corporate Bonds [Member]
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost, Within 1 year	7,032	250
Securities Available-for-Sale, Gross Unrealized Gains, Within 1 year	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 year	(24)	0
Securities Available-for-Sale, Fair Value, Within 1 year	7,008	250
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	29,773	35,923
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	61	34
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(154)	(241)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	29,680	35,716
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	15,187	15,193
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	(396)	(516)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	14,791	14,677
Securities Available-for-Sale, Amortized Cost, Over 10 years	60,000	60,000
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	0	27
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(3,612)	(2,472)
Securities Available-for-Sale, Fair Value, Over 10 years	56,388	57,555
Securities Available-for-Sale, Amortized Cost	111,992	111,366
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	61	61
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(4,186)	(3,229)
Securities Available-for-Sale, Debt Securities, Fair Value	107,867	108,198
Money Market Mutual Funds [Member]
Available-for-sale Securities [Abstract]
Securities Available-for-Sale, Amortized Cost	11,294	10,784
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	0	0
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	0	0
Securities Available-for-Sale, Debt Securities, Fair Value	11,294	10,784
Equity Securities [Member]
Available-for-sale Securities [Abstract]
Equity Securities Available-for-Sale, Amortized Cost	409	411
Equity Securities Available-for-Sale, Gross Unrealized Gains	533	504
Equity Securities Available-for-Sale, Gross Unrealized Loss	(1)	0
Equity Securities Available-for-Sale, Fair Value	941	915
U.S. Government Corporations and Agencies [Member]
Held-to-maturity Securities [Abstract]
Securities Held-to-Maturity, Amortized Cost, After 1 year to 5 years	5,000	0
Securities Held-to-Maturity, Gross Unrealized Gains, After 1 year to 5 years	0	0
Securities Held-to-Maturity, Gross Unrealized Losses, After 1 year to 5 years	(8)	0
Securities Held-to-Maturity, Fair Value, After 1 year to 5 years	4,992	0
Securities Held-to-Maturity, Amortized Cost	5,000	0
Securities Held-to-Maturity, Gross Unrealized Gains	0	0
Securities Held-to-Maturity, Gross Unrealized Losses	(8)	0
Securities Held-to-Maturity, Fair Value	4,992	0
Residential Mortgage Backed Securities [Member]
Held-to-maturity Securities [Abstract]
Securities Held-to-Maturity, Amortized Cost, After 5 years to 10 years	4,959	0
Securities Held-to-Maturity, Gross Unrealized Gains, After 5 years to 10 years	2	0
Securities Held-to-Maturity, Gross Unrecognized Losses, After 5 years to 10 years	0	0
Securities Held-to-Maturity, Fair Value, After 5 years to 10 years	4,961	0
Securities Held-to-Maturity, Amortized Cost, Over 10 years	13,066	5,071
Securities Held-to-Maturity, Gross Unrealized Gain, Over 10 years	16	0
Securities Held-to-Maturity, Gross Unrealized Losses, Over 10 years	(9)	(3)
Securities Held-to-Maturity, Fair Value, After 10 Years	13,073	5,068
Securities Held-to-Maturity, Amortized Cost	18,025	5,071
Securities Held-to-Maturity, Gross Unrealized Gains	18	0
Securities Held-to-Maturity, Gross Unrealized Losses	(9)	(3)
Securities Held-to-Maturity, Fair Value	18,034	5,068
Corporate Bonds [Member]
Held-to-maturity Securities [Abstract]
Securities Held-to-Maturity, Amortized Cost, Within 1 year	10,002	19,810
Securities Held-to-Maturity, Gross Unrealized Gains, Within 1 year	0	2
Securities Held-to-Maturity, Gross Unrealized Losses, Within 1 year	(6)	(9)
Securities Held-to-Maturity, Fair Value, Within 1 year	9,996	19,803
Securities Held-to-Maturity, Amortized Cost	10,002	19,810
Securities Held-to-Maturity, Gross Unrealized Gains	0	2
Securities Held-to-Maturity, Gross Unrealized Losses	(6)	(9)
Securities Held-to-Maturity, Fair Value	$ 9,996	$ 19,803

XML

Investment Securities - Information Related to Sales of Securities Available-for-Sale (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Securities available-for-sale:
Proceeds from sales	$ 1,762	$ 53,181
Gross realized gains on sales	15	106
Gross realized losses on sales	0	62
Tax expense related to net realized gains on sales	$ 5	$ 15

XML

Investment Securities - Amount of Securities in Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	$ 14,987	$ 14,847
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(23)	(12)
Twelve Months or Longer, Fair Value	0	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total, Fair Value	14,987	14,847
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(23)	(12)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	283,182	305,950
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(6,888)	(7,470)
Twelve Months or Longer, Fair Value	36,961	36,069
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(2,245)	(1,981)
Total, Fair Value	320,143	342,019
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(9,133)	(9,451)
U.S. Government Corporations and Agencies [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	4,992
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(8)
Twelve Months or Longer, Fair Value	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0
Total, Fair Value	4,992
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(8)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	11,837	11,850
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(24)	(19)
Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total, Fair Value	11,837	11,850
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(24)	(19)
State and Political Subdivisions [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	22,082	40,771
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(344)	(610)
Twelve Months or Longer, Fair Value	1,706	423
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(9)	(6)
Total, Fair Value	23,788	41,194
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(353)	(616)
Residential Mortgage-Backed Securities [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	5,000	5,068
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(9)	(3)
Twelve Months or Longer, Fair Value	0	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total, Fair Value	5,000	5,068
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(9)	(3)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	180,647	192,782
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(4,480)	(5,482)
Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total, Fair Value	180,647	192,782
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(4,480)	(5,482)
Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	1,885	2,012
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(14)	(26)
Twelve Months or Longer, Fair Value	2,416	2,542
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(75)	(79)
Total, Fair Value	4,301	4,554
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(89)	(105)
Corporate Bonds [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	4,995	9,779
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(6)	(9)
Twelve Months or Longer, Fair Value	0	0
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0	0
Total, Fair Value	4,995	9,779
Held-to-maturity Securities, Continuous Unrealized Loss Position, Accumulated Loss	(6)	(9)
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	66,728	58,535
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(2,025)	(1,333)
Twelve Months or Longer, Fair Value	32,839	33,104
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(2,161)	(1,896)
Total, Fair Value	99,567	91,639
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(4,186)	$ (3,229)
Equity Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	3
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1)
Twelve Months or Longer, Fair Value	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	0
Total, Fair Value	3
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (1)

XML

Loans and Leases - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	$ 690,903,000	$ 895,054,000
Carrying amount	6,616,000	7,352,000
Nonaccrual Loans and Leases	19,856,000	17,916,000
Other accruing impaired loans	20,300,000	23,300,000
Specific reserves for other accruing impaired loans	650,000	84,000
Impaired Financing Receivable, Recorded Investment	37,414,000
Impaired Financing Receivable, Related Allowance	$ 399,000	235,000
Maximum modification period on short-term basis	up to one year
Restructured loan past due period	less than ninety days past due
Software Lease [Member]
Financing Receivable, Recorded Investment [Line Items]
Nonaccrual Loans and Leases	$ 5,000,000
Lease Financings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	0	0
Nonaccrual Loans and Leases	5,561,000	536,000
Impaired Financing Receivable, Recorded Investment	5,000,000	$ 0
Impaired Financing Receivable, Related Allowance	580,000
Fox Chase Bank [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	535,700,000
Carrying amount	5,800,000
Valley Green Bank [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	155,200,000
Carrying amount	$ 788,000

XML

Loans and Leases - Summary of Major Loan and Lease Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	$ 2,651,013	$ 2,390,832
Total Loans and Leases Held for Investment, Acquired	690,903	895,054
Total Loans and Leases Held for Investment	3,341,916	3,285,886	$ 2,183,256
Unearned Lease Income, Originated	(15,524)	(15,970)
Unearned Lease Income, Acquired	0	0
Unearned lease income, included in the above table	(15,524)	(15,970)
Net deferred costs, Originated	4,418	4,503
Net deferred costs, Acquired	0	0
Net deferred costs, included in the above table	4,418	4,503
Overdraft Deposits, Originated	73	84
Overdraft Deposits, Acquired	0	0
Overdraft deposits included in the above table	73	84
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	750,342	663,221
Total Loans and Leases Held for Investment, Acquired	90,629	160,045
Total Loans and Leases Held for Investment	840,971	823,266	507,319
Real Estate-Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	1,013,978	909,581
Total Loans and Leases Held for Investment, Acquired	389,690	465,368
Total Loans and Leases Held for Investment	1,403,668	1,374,949
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	170,178	142,891
Total Loans and Leases Held for Investment, Acquired	11,409	31,953
Total Loans and Leases Held for Investment	181,587	174,844
Real Estate-Residential Secured for Business Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	180,830	151,931
Total Loans and Leases Held for Investment, Acquired	111,402	142,137
Total Loans and Leases Held for Investment	292,232	294,068	218,264
Real Estate Residential Secured For Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	220,543	210,377
Total Loans and Leases Held for Investment, Acquired	74,889	80,431
Total Loans and Leases Held for Investment	295,432	290,808
Real Estate-Home Equity Secured for Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	154,363	147,982
Total Loans and Leases Held for Investment, Acquired	12,736	14,857
Total Loans and Leases Held for Investment	167,099	162,839
Loans to Individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	27,915	30,110
Total Loans and Leases Held for Investment, Acquired	148	263
Total Loans and Leases Held for Investment	28,063	30,373	28,421
Lease Financings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	132,864	134,739
Total Loans and Leases Held for Investment, Acquired	0	0
Total Loans and Leases Held for Investment	$ 132,864	$ 134,739	$ 125,814

XML

Loans and Leases - Acquired Credit Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Receivables [Abstract]
Outstanding principal balance	$ 8,007		$ 8,993
Carrying amount	6,616		7,352
Allowance for loan losses	0		$ 0
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning of period	50	$ 144
Reclassification from nonaccretable discount	107	46
Accretable discount amortized to interest income	(116)	(74)
Disposals	(4)	0
End of period	$ 37	$ 116

XML

Loans and Leases - Age Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 30,855	$ 23,165
Current	3,304,445	3,255,369
Acquired Credit Impaired	6,616	7,352
Loans and leases held for investment	3,341,916	3,285,886	$ 2,183,256
Recorded Investment 90 Days or more Past Due and Accruing Interest	919	987
Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	6,616	7,352
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	16,582	10,625
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,842	4,804
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	11,431	7,736
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	3,014	3,127
Current	837,397	819,550
Loans and leases held for investment	840,971	823,266	507,319
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Commercial, Financial and Agricultural [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	560	589
Commercial, Financial and Agricultural [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,466	1,536
Commercial, Financial and Agricultural [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	256
Commercial, Financial and Agricultural [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,548	1,335
Real Estate-Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	6,119	5,633
Current	1,392,288	1,363,606
Loans and leases held for investment	1,403,668	1,374,949
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Commercial [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	5,261	5,710
Real Estate-Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4,606	1,482
Real Estate-Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	47	1,560
Real Estate-Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,466	2,591
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	365	202
Current	181,222	174,642
Loans and leases held for investment	181,587	174,844
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Construction [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Real Estate-Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	202
Real Estate-Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	365	0
Real Estate-Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Real Estate-Residential Secured for Business Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	4,255	3,357
Current	287,395	289,927
Loans and leases held for investment	292,232	294,068	218,264
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	582	784
Real Estate-Residential Secured for Business Purpose [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,700	1,390
Real Estate-Residential Secured for Business Purpose [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,227	428
Real Estate-Residential Secured for Business Purpose [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,328	1,539
Real Estate Residential Secured For Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,892	5,027
Current	292,327	285,512
Loans and leases held for investment	295,432	290,808
Recorded Investment 90 Days or more Past Due and Accruing Interest	508	481
Real Estate Residential Secured For Personal Purpose [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	213	269
Real Estate Residential Secured For Personal Purpose [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,125	3,243
Real Estate Residential Secured For Personal Purpose [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	905
Real Estate Residential Secured For Personal Purpose [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	767	879
Real Estate-Home Equity Secured for Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,273	1,380
Current	165,826	161,459
Loans and leases held for investment	167,099	162,839
Recorded Investment 90 Days or more Past Due and Accruing Interest	109	171
Real Estate-Home Equity Secured for Personal Purpose [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Real Estate-Home Equity Secured for Personal Purpose [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	471	717
Real Estate-Home Equity Secured for Personal Purpose [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	343	142
Real Estate-Home Equity Secured for Personal Purpose [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	459	521
Loans to Individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	446	561
Current	27,617	29,812
Loans and leases held for investment	28,063	30,373	28,421
Recorded Investment 90 Days or more Past Due and Accruing Interest	142	142
Loans to Individuals [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Loans to Individuals [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	266	324
Loans to Individuals [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	38	95
Loans to Individuals [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	142	142
Lease Financings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	12,491	3,878
Current	120,373	130,861
Loans and leases held for investment	132,864	134,739	$ 125,814
Recorded Investment 90 Days or more Past Due and Accruing Interest	160	193
Lease Financings [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Lease Financings [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	5,948	1,731
Lease Financings [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	822	1,418
Lease Financings [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 5,721	$ 729

XML

Loans and Leases - Non-Performing Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	$ 19,856	$ 17,916
Accruing Troubled Debt Restructured Loans And Lease Modifications	2,818	3,252
Recorded Investment 90 Days or more Past Due and Accruing Interest	919	987
Total Non-Performing Loans and Leases	23,593	22,155
Nonaccrual Troubled Debt Restructured Loans And Lease Modifications	1,700	1,800
Commercial, Financial and Agricultural [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	5,305	5,746
Accruing Troubled Debt Restructured Loans And Lease Modifications	954	967
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Total Non-Performing Loans and Leases	6,259	6,713
Real Estate-Commercial [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	4,133	5,651
Accruing Troubled Debt Restructured Loans And Lease Modifications	1,506	1,519
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Total Non-Performing Loans and Leases	5,639	7,170
Real Estate-Residential Secured for Business Purpose [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	3,845	4,898
Accruing Troubled Debt Restructured Loans And Lease Modifications	316	766
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Total Non-Performing Loans and Leases	4,161	5,664
Real Estate-Residential Secured for Personal Purpose [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	514	560
Accruing Troubled Debt Restructured Loans And Lease Modifications	42	0
Recorded Investment 90 Days or more Past Due and Accruing Interest	508	481
Total Non-Performing Loans and Leases	1,064	1,041
Real Estate-Home Equity Secured for Personal Purpose [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	498	525
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Recorded Investment 90 Days or more Past Due and Accruing Interest	109	171
Total Non-Performing Loans and Leases	607	696
Loans to Individuals [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	0	0
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Recorded Investment 90 Days or more Past Due and Accruing Interest	142	142
Total Non-Performing Loans and Leases	142	142
Lease Financings [Member]
Non-Performing Loans and Leases [Line Items]
Nonaccrual Loans and Leases	5,561	536
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Recorded Investment 90 Days or more Past Due and Accruing Interest	160	193
Total Non-Performing Loans and Leases	$ 5,721	$ 729

XML

Loans and Leases - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	$ 2,651,013	$ 2,390,832
Total Loans and Leases Held for Investment, Acquired	690,903	895,054
Grade: 1. Cash secured/ 2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	18,333	14,148
Total Loans and Leases Held for Investment, Acquired	0	583
Grade: 3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	13,642	17,025
Total Loans and Leases Held for Investment, Acquired	0	0
Grade: 4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	56,353	74,757
Total Loans and Leases Held for Investment, Acquired	5,210	5,417
Grade: 5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,593,067	1,386,253
Total Loans and Leases Held for Investment, Acquired	402,316	533,598
Grade: 6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	331,839	272,383
Total Loans and Leases Held for Investment, Acquired	165,455	221,113
Grade: 7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	31,743	32,772
Total Loans and Leases Held for Investment, Acquired	10,718	14,023
Grade: 8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	70,351	70,286
Total Loans and Leases Held for Investment, Acquired	19,431	24,769
Grade: 9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Grade: 10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	2,115,328	1,867,624
Total Loans and Leases Held for Investment, Acquired	603,130	799,503
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	528,708	521,472
Total Loans and Leases Held for Investment, Acquired	87,216	94,679
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	6,977	1,736
Total Loans and Leases Held for Investment, Acquired	557	872
Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	535,685	523,208
Total Loans and Leases Held for Investment, Acquired	87,773	95,551
Commercial, Financial and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	750,342	663,221
Total Loans and Leases Held for Investment, Acquired	90,629	160,045
Commercial, Financial and Agricultural [Member] | Grade: 1. Cash secured/ 2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,579	272
Total Loans and Leases Held for Investment, Acquired	0	583
Commercial, Financial and Agricultural [Member] | Grade: 3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	11,641	14,980
Total Loans and Leases Held for Investment, Acquired	0	0
Commercial, Financial and Agricultural [Member] | Grade: 4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	16,479	35,529
Total Loans and Leases Held for Investment, Acquired	4,385	4,399
Commercial, Financial and Agricultural [Member] | Grade: 5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	552,555	465,675
Total Loans and Leases Held for Investment, Acquired	66,009	113,512
Commercial, Financial and Agricultural [Member] | Grade: 6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	135,055	113,499
Total Loans and Leases Held for Investment, Acquired	13,129	31,697
Commercial, Financial and Agricultural [Member] | Grade: 7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	6,454	8,820
Total Loans and Leases Held for Investment, Acquired	1,774	73
Commercial, Financial and Agricultural [Member] | Grade: 8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	26,579	24,446
Total Loans and Leases Held for Investment, Acquired	5,332	9,781
Commercial, Financial and Agricultural [Member] | Grade: 9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Commercial, Financial and Agricultural [Member] | Grade: 10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Commercial, Financial and Agricultural [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	750,342	663,221
Total Loans and Leases Held for Investment, Acquired	90,629	160,045
Real Estate-Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,013,978	909,581
Total Loans and Leases Held for Investment, Acquired	389,690	465,368
Real Estate-Commercial [Member] | Grade: 1. Cash secured/ 2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Commercial [Member] | Grade: 3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	2,001	2,045
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Commercial [Member] | Grade: 4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	39,513	38,861
Total Loans and Leases Held for Investment, Acquired	825	1,018
Real Estate-Commercial [Member] | Grade: 5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	767,428	676,212
Total Loans and Leases Held for Investment, Acquired	242,512	282,199
Real Estate-Commercial [Member] | Grade: 6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	145,103	128,646
Total Loans and Leases Held for Investment, Acquired	128,832	163,623
Real Estate-Commercial [Member] | Grade: 7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	22,757	22,439
Total Loans and Leases Held for Investment, Acquired	6,715	7,705
Real Estate-Commercial [Member] | Grade: 8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	37,176	41,378
Total Loans and Leases Held for Investment, Acquired	10,806	10,823
Real Estate-Commercial [Member] | Grade: 9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Commercial [Member] | Grade: 10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Commercial [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,013,978	909,581
Total Loans and Leases Held for Investment, Acquired	389,690	465,368
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	170,178	142,891
Total Loans and Leases Held for Investment, Acquired	11,409	31,953
Real Estate-Construction [Member] | Grade: 1. Cash secured/ 2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	16,754	13,714
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	116,973	110,650
Total Loans and Leases Held for Investment, Acquired	3,616	20,565
Real Estate-Construction [Member] | Grade: 6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	35,726	18,213
Total Loans and Leases Held for Investment, Acquired	7,793	11,388
Real Estate-Construction [Member] | Grade: 7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	360	314
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	365	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	170,178	142,891
Total Loans and Leases Held for Investment, Acquired	11,409	31,953
Real Estate-Residential Secured for Business Purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	180,830	151,931
Total Loans and Leases Held for Investment, Acquired	111,402	142,137
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 1. Cash secured/ 2. Fully secured [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	162
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 3. Strong [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 4. Satisfactory [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	361	367
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 5. Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	156,111	133,716
Total Loans and Leases Held for Investment, Acquired	90,179	117,322
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 6. Pre-watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	15,955	12,025
Total Loans and Leases Held for Investment, Acquired	15,701	14,405
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 7. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	2,172	1,199
Total Loans and Leases Held for Investment, Acquired	2,229	6,245
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 8. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	6,231	4,462
Total Loans and Leases Held for Investment, Acquired	3,293	4,165
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 9. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 10. Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	180,830	151,931
Total Loans and Leases Held for Investment, Acquired	111,402	142,137
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	220,543	210,377
Total Loans and Leases Held for Investment, Acquired	74,889	80,431
Real Estate Residential Secured For Personal Purpose [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	220,036	210,208
Total Loans and Leases Held for Investment, Acquired	74,332	79,559
Real Estate Residential Secured For Personal Purpose [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	507	169
Total Loans and Leases Held for Investment, Acquired	557	872
Real Estate Residential Secured For Personal Purpose [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	220,543	210,377
Total Loans and Leases Held for Investment, Acquired	74,889	80,431
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	154,363	147,982
Total Loans and Leases Held for Investment, Acquired	12,736	14,857
Real Estate-Home Equity Secured for Personal Purpose [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	153,756	147,286
Total Loans and Leases Held for Investment, Acquired	12,736	14,857
Real Estate-Home Equity Secured for Personal Purpose [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	607	696
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Home Equity Secured for Personal Purpose [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	154,363	147,982
Total Loans and Leases Held for Investment, Acquired	12,736	14,857
Loans to Individuals [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	27,915	30,110
Total Loans and Leases Held for Investment, Acquired	148	263
Loans to Individuals [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	27,773	29,968
Total Loans and Leases Held for Investment, Acquired	148	263
Loans to Individuals [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	142	142
Total Loans and Leases Held for Investment, Acquired	0	0
Loans to Individuals [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	27,915	30,110
Total Loans and Leases Held for Investment, Acquired	148	263
Lease Financings [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	132,864	134,739
Total Loans and Leases Held for Investment, Acquired	0	0
Lease Financings [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	127,143	134,010
Total Loans and Leases Held for Investment, Acquired	0	0
Lease Financings [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	5,721	729
Total Loans and Leases Held for Investment, Acquired	0	0
Lease Financings [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	132,864	134,739
Total Loans and Leases Held for Investment, Acquired	$ 0	$ 0

XML

Loans and Leases - Reserve for Loan and Lease Losses Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 17,499	$ 17,628
Charge-offs	(697)	(2,072)
Recoveries	281	570
Provision (recovery of provision)	2,442	327
Provision for acquired credit impaired loans	3	(1)
Ending balance	19,528	16,452
Commercial, Financial and Agricultural [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	7,037	6,418
Charge-offs	(178)	(1,481)
Recoveries	187	450
Provision (recovery of provision)	844	243
Provision for acquired credit impaired loans	0	0
Ending balance	7,890	5,630
Real Estate-Commercial and Construction [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	7,505	6,572
Charge-offs	0	(26)
Recoveries	3	7
Provision (recovery of provision)	116	(82)
Provision for acquired credit impaired loans	0	0
Ending balance	7,624	6,471
Real Estate-Residential Secured for Business Purpose [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	774	763
Charge-offs	(42)	(238)
Recoveries	10	19
Provision (recovery of provision)	603	203
Provision for acquired credit impaired loans	0	0
Ending balance	1,345	747
Real Estate-Residential and Home Equity Secured for Personal Purpose [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	993	1,575
Charge-offs	(94)	(46)
Recoveries	17	17
Provision (recovery of provision)	82	(233)
Provision for acquired credit impaired loans	3	(1)
Ending balance	1,001	1,312
Loans to Individuals [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	364	346
Charge-offs	(126)	(76)
Recoveries	35	33
Provision (recovery of provision)	62	53
Provision for acquired credit impaired loans	0	0
Ending balance	335	356
Lease Financings [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	788	1,042
Charge-offs	(257)	(205)
Recoveries	29	44
Provision (recovery of provision)	769	41
Provision for acquired credit impaired loans	0	0
Ending balance	1,329	922
Unallocated Financing Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	38	912
Provision (recovery of provision)	(34)	102
Provision for acquired credit impaired loans	0	0
Ending balance	$ 4	$ 1,014

XML

Loans and Leases - Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$ 979		$ 341
Ending balance: collectively evaluated for impairment	18,549		16,103
Ending balance: acquired credit impaired loans evaluated for impairment			8
Total ending balance	19,528	$ 17,499	16,452	$ 17,628
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	42,435		46,474
Ending balance: collectively evaluated for impairment	2,606,486		1,863,631
Loans measured at fair value	2,092
Acquired non-credit impaired loans	684,287		271,884
Acquired credit impaired loans	6,616		1,267
Total Loans and Leases Held for Investment	3,341,916	3,285,886	2,183,256
Commercial, Financial and Agricultural [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	8		151
Ending balance: collectively evaluated for impairment	7,882		5,479
Ending balance: acquired credit impaired loans evaluated for impairment			0
Total ending balance	7,890	7,037	5,630	6,418
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	9,524		12,977
Ending balance: collectively evaluated for impairment	740,818		473,135
Loans measured at fair value	0
Acquired non-credit impaired loans	90,069		21,207
Acquired credit impaired loans	560		0
Total Loans and Leases Held for Investment	840,971	823,266	507,319
Real Estate-Commercial and Construction [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	26		140
Ending balance: collectively evaluated for impairment	7,598		6,323
Ending balance: acquired credit impaired loans evaluated for impairment			8
Total ending balance	7,624	7,505	6,471	6,572
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	21,658		29,375
Ending balance: collectively evaluated for impairment	1,160,406		821,684
Loans measured at fair value	2,092
Acquired non-credit impaired loans	395,838		122,415
Acquired credit impaired loans	5,261		517
Total Loans and Leases Held for Investment	1,585,255		973,991
Real Estate-Residential Secured for Business Purpose [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	364		20
Ending balance: collectively evaluated for impairment	981		727
Ending balance: acquired credit impaired loans evaluated for impairment			0
Total ending balance	1,345	774	747	763
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	5,178		3,618
Ending balance: collectively evaluated for impairment	175,652		99,973
Loans measured at fair value	0
Acquired non-credit impaired loans	110,820		113,923
Acquired credit impaired loans	582		750
Total Loans and Leases Held for Investment	292,232	294,068	218,264
Real Estate-Residential and Home Equity Secured for Personal Purpose [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	1		30
Ending balance: collectively evaluated for impairment	1,000		1,282
Ending balance: acquired credit impaired loans evaluated for impairment			0
Total ending balance	1,001	993	1,312	1,575
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	1,054		504
Ending balance: collectively evaluated for impairment	373,852		314,885
Loans measured at fair value	0
Acquired non-credit impaired loans	87,412		14,058
Acquired credit impaired loans	213		0
Total Loans and Leases Held for Investment	462,531		329,447
Loans to Individuals [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	335		356
Ending balance: acquired credit impaired loans evaluated for impairment			0
Total ending balance	335	364	356	346
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	27,915		28,140
Loans measured at fair value	0
Acquired non-credit impaired loans	148		281
Acquired credit impaired loans	0		0
Total Loans and Leases Held for Investment	28,063	30,373	28,421
Lease Financings [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	580		0
Ending balance: collectively evaluated for impairment	749		922
Ending balance: acquired credit impaired loans evaluated for impairment			0
Total ending balance	1,329	788	922	1,042
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	5,021		0
Ending balance: collectively evaluated for impairment	127,843		125,814
Loans measured at fair value	0
Acquired non-credit impaired loans	0		0
Acquired credit impaired loans	0		0
Total Loans and Leases Held for Investment	132,864	134,739	125,814
Unallocated Financing Receivables [Member]
Reserve for loan and lease losses:
Ending balance: collectively evaluated for impairment	4		1,014
Ending balance: acquired credit impaired loans evaluated for impairment			0
Total ending balance	$ 4	$ 38	$ 1,014	$ 912

XML

Loans and Leases - Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	$ 35,433	$ 42,169
Impaired loans with an allowance recorded, Recorded Investment	1,981	1,746
Impaired loans with no related allowance, Unpaid Principal Balance	38,245	45,278
Impaired loans with an allowance recorded, Unpaid Principal Balance	2,383	1,868
Total impaired loans, Recorded Investment	37,414
Total impaired loans, Unpaid Principal Balance	40,628	47,146
Impaired Financing Receivable, Related Allowance	399	235
Commercial, Financial and Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	9,437	10,911
Impaired loans with an allowance recorded, Recorded Investment	87	166
Impaired loans with no related allowance, Unpaid Principal Balance	10,960	12,561
Impaired loans with an allowance recorded, Unpaid Principal Balance	211	166
Total impaired loans, Recorded Investment	9,524	11,077
Total impaired loans, Unpaid Principal Balance	11,171	12,727
Impaired Financing Receivable, Related Allowance	8	19
Real Estate-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	21,062	24,469
Impaired loans with an allowance recorded, Recorded Investment	596	597
Impaired loans with no related allowance, Unpaid Principal Balance	21,906	25,342
Impaired loans with an allowance recorded, Unpaid Principal Balance	596	597
Total impaired loans, Recorded Investment	21,658	25,066
Total impaired loans, Unpaid Principal Balance	22,502	25,939
Impaired Financing Receivable, Related Allowance	26	25
Real Estate-Residential Secured for Business Purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	3,937	5,704
Impaired loans with an allowance recorded, Recorded Investment	1,241	983
Impaired loans with no related allowance, Unpaid Principal Balance	4,338	6,253
Impaired loans with an allowance recorded, Unpaid Principal Balance	1,519	1,105
Total impaired loans, Recorded Investment	5,178	6,687
Total impaired loans, Unpaid Principal Balance	5,857	7,358
Impaired Financing Receivable, Related Allowance	364	191
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	556	560
Impaired loans with no related allowance, Unpaid Principal Balance	596	594
Total impaired loans, Recorded Investment	556	560
Total impaired loans, Unpaid Principal Balance	596	594
Impaired Financing Receivable, Related Allowance	0	0
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related allowance, Recorded Investment	441	525
Impaired loans with an allowance recorded, Recorded Investment	57	0
Impaired loans with no related allowance, Unpaid Principal Balance	445	528
Impaired loans with an allowance recorded, Unpaid Principal Balance	57	0
Total impaired loans, Recorded Investment	498	525
Total impaired loans, Unpaid Principal Balance	502	528
Impaired Financing Receivable, Related Allowance	$ 1	$ 0

XML

Loans and Leases - Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 40,712	$ 47,799
Interest Income Recognized	292	402
Additional Interest Income That Would Have Been Recognized Under Original Terms	215	218
Interest income, cash basis for nonaccrual loans	1	7
Interest income, accrual method	291	395
Commercial, Financial and Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	11,418	13,569
Interest Income Recognized	43	68
Additional Interest Income That Would Have Been Recognized Under Original Terms	85	95
Real Estate-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	23,949	29,212
Interest Income Recognized	233	305
Additional Interest Income That Would Have Been Recognized Under Original Terms	73	70
Real Estate-Residential Secured for Business Purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	4,268	4,273
Interest Income Recognized	16	27
Additional Interest Income That Would Have Been Recognized Under Original Terms	44	47
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	552	568
Interest Income Recognized	0	2
Additional Interest Income That Would Have Been Recognized Under Original Terms	8	4
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	525	177
Interest Income Recognized	0	0
Additional Interest Income That Would Have Been Recognized Under Original Terms	$ 5	$ 2

XML

Loans and Leases - Troubled Debt Restructured Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($) loan	Mar. 31, 2016 USD ($) loan
Accrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	0	1
Pre- Restructuring Outstanding Recorded Investment	$ 0	$ 1,545
Post- Restructuring Outstanding Recorded Investment	0	1,545
Related Reserve	$ 0	$ 0
Nonaccrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	0	0
Pre- Restructuring Outstanding Recorded Investment	$ 0	$ 0
Post- Restructuring Outstanding Recorded Investment	0	0
Related Reserve	$ 0	$ 0
Commercial, Financial and Agricultural [Member] | Accrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	0	1
Pre- Restructuring Outstanding Recorded Investment	$ 0	$ 1,545
Post- Restructuring Outstanding Recorded Investment	0	1,545
Related Reserve	$ 0	$ 0

XML

Loans and Leases - Concessions Granted on Accruing and Nonaccrual Loans Restructured (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($) loan	Mar. 31, 2016 USD ($) loan
Accrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	1
Amount | $	$ 0	$ 1,545
Accrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	1
Amount | $	$ 0	$ 1,545
Nonaccrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	0
Amount | $	$ 0	$ 0
Nonaccrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	0
Amount | $	$ 0	$ 0
Commercial, Financial and Agricultural [Member] | Accrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	1
Amount | $		$ 1,545
Commercial, Financial and Agricultural [Member] | Accrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan		1
Amount | $		$ 1,545

XML

Loans and Leases - Accruing and Nonaccruing Troubled Debt Restructured Loans with Payment Defaults (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($) loan	Mar. 31, 2016 USD ($) loan
Accrual Troubled Debt Restructuring Loans [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans | loan	0	1
Recorded Investment | $	$ 0	$ 50
Accrual Troubled Debt Restructuring Loans [Member] | Commercial, Financial and Agricultural [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans | loan	0	1
Recorded Investment | $	$ 0	$ 50
Nonaccrual Troubled Debt Restructuring Loans [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans | loan	0	0
Recorded Investment | $	$ 0	$ 0

XML

Loans and Leases - Mortgages in Process of Foreclosure (Details) - Residential Real Estate [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable, Modifications [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	$ 180	$ 180
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Modifications [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	$ 180	$ 180

XML

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Range of discount rates used for valuation of mortgage servicing rights	10.00%	10.00%
Mortgage Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of servicing rights	$ 9,800	$ 9,500
SBA Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of servicing rights	$ 15

XML

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 172,559
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	172,559
Banking [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	138,476
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	138,476
Wealth Management [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	15,434
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	15,434
Insurance [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	18,649
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	$ 18,649

XML

Goodwill and Other Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 34,591	$ 34,248
Accumulated Amortization and Fair Value Adjustments	18,668	17,597
Net Carrying Amount	15,923	16,651
Covenants Not To Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	710	710
Accumulated Amortization and Fair Value Adjustments	307	205
Net Carrying Amount	403	505
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,788	6,788
Accumulated Amortization and Fair Value Adjustments	1,299	1,004
Net Carrying Amount	5,489	5,784
Customer Related Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	12,381	12,381
Accumulated Amortization and Fair Value Adjustments	8,852	8,504
Net Carrying Amount	3,529	3,877
Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	14,712	14,369
Accumulated Amortization and Fair Value Adjustments	8,210	7,884
Net Carrying Amount	$ 6,502	$ 6,485

XML

Goodwill and Other Intangible Assets - Estimated Amortization Expense for Covenants Not To Compete and Core Deposit and Customer Related Intangibles (Details) $ in Thousands	Mar. 31, 2017 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2017	$ 2,085
2018	2,114
2019	1,565
2020	1,200
2021	923
Thereafter	$ 1,534

XML

Goodwill and Other Intangible Assets - Changes in Servicing Rights (Details) - Servicing Rights [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning of period	$ 6,485	$ 5,877
Servicing rights capitalized	343	311
Amortization of servicing rights	(326)	(349)
Changes in valuation allowance	0	0
End of period	6,502	5,839
Residential and SBA loans serviced for others	$ 972,617	$ 872,958

XML

Goodwill and Other Intangible Assets - Estimated Amortization Expense of Servicing Rights (Details) $ in Thousands	Mar. 31, 2017 USD ($)
Finite-Lived Intangible Assets [Line Items]
Remainder of 2017	$ 2,085
2018	2,114
2019	1,565
2020	1,200
2021	923
Thereafter	1,534
Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of 2017	931
2018	818
2019	711
2020	616
2021	533
Thereafter	$ 2,893

XML

Borrowings - Additional Information (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,300,000,000
Outstanding short term letters of credit	178,800,000	$ 148,500,000
Amount of maintained federal fund lines of credit with correspondent banks	327,000,000	302,000,000
Outstanding amount of federal fund line of credit with Federal Reserve Bank of Philadelphia	0	$ 0
Amount of maintained line of credit with correspondent bank - parent company	10,000,000
Outstanding amount of line of credit with correspondent bank - parent company	0
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Long-term debt with call option	50,800,000
Securities Sold under Agreements to Repurchase [Member]
Debt Instrument [Line Items]
Long-term debt with fixed interest rate	5,200,000
Securities Sold under Agreements to Repurchase [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Long-term debt with variable interest rate	$ 26,000,000

XML

Borrowings - Summary of Borrowings By Type (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 79,366	$ 196,171
Balance at End of Period	182,066	127,522
Federal Home Loan Bank Advances [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 150,912	$ 96,248
Weighted Average Interest Rate	1.28%	0.94%
Securities Sold under Agreements to Repurchase [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 31,154	$ 31,274
Weighted Average Interest Rate	1.02%	0.91%
Subordinated Debt [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 94,148	$ 94,087
Weighted Average Interest Rate	5.36%	5.36%
Federal Home Loan Bank Advances [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 9,715	$ 91,300
Weighted Average Interest Rate	0.99%	0.74%
Federal Funds Purchased [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 45,000	$ 80,000
Weighted Average Interest Rate	1.05%	0.81%
Securities Sold under Agreements to Repurchase [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 24,651	$ 24,871
Weighted Average Interest Rate	0.05%	0.05%

XML

Borrowings - Schedule of Maturities of Long-term FHLB Advances (Details) $ in Thousands	Mar. 31, 2017 USD ($)
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Remainder of 2017	$ 65,829
2018	10,083
2019	10,000
2020	40,000
2021	25,000
Thereafter	0
Total Advances	$ 150,912
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
Remainder of 2017 Weighted average interest rate	0.83%
2018 Weighted average interest rate	0.69%
2019 Weighted average interest rate	1.35%
2020 Weighted average interest rate	1.70%
2021 Weighted average interest rate	1.97%
Thereafter Weighted average interest rate	0.00%
Weighted average interest rate	1.28%

XML

Borrowings - Schedule of Maturities of Other Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Long-term Debt, Fiscal Year Maturity [Abstract]
Balance at End of Period	$ 182,066	$ 127,522
Securities Sold under Agreements to Repurchase [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Remainder of 2017	0
2018	10,351
2019	10,380
2020	10,423
2021	0
Thereafter	0
Balance at End of Period	$ 31,154	$ 31,274
Long-term Debt, Other Disclosures [Abstract]
Remainder of 2017 Weighted average interest rate	0.00%
2018 Weighted average interest rate	0.83%
2019 Weighted average interest rate	1.11%
2020 Weighted average interest rate	1.12%
2021 Weighted average interest rate	0.00%
Thereafter Weighted average interest rate	0.00%
Weighted average interest rate	1.02%	0.91%

XML

Retirement Plans and Other Postretirement Benefits - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Employee hire date no longer eligible for noncontributory retirement plan	Dec. 08, 2009
Retirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, non-qualified plans, estimated employer contributions for next fiscal year		$ 160
Defined benefit plan, contributions by employer	$ 40
Defined benefit plan, benefits paid	672
Other Post Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions for next fiscal year		$ 121
Defined benefit plan, contributions by employer	29
Defined benefit plan, benefits paid	$ 29

XML

Retirement Plans and Other Postretirement Benefits - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Retirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 151	$ 171
Interest cost	465	518
Expected return on plan assets	(753)	(754)
Amortization of net actuarial loss	288	323
Accretion of prior service cost	(70)	(71)
Net periodic benefit cost	81	187
Other Post Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	12	12
Interest cost	29	33
Expected return on plan assets	0	0
Amortization of net actuarial loss	11	6
Accretion of prior service cost	0	0
Net periodic benefit cost	$ 52	$ 51

XML

Stock-Based Incentive Plan - Additional Information (Detail) - shares	Jul. 01, 2016	Jan. 01, 2015	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share awards authorized for issuance			3,355,786
Fox Chase Bank [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	857,191
Valley Green Bank [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized		473,483

XML

Stock-Based Incentive Plan - Status of Options Granted Under Long-Term Incentive Plan (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($) $ / shares shares
Shares Under Option
Shares Under Option, Outstanding, Beginning balance | shares	504,908
Shares Under Option, Granted | shares	191,297
Shares Under Option, Expired | shares	(65,500)
Shares Under Option, Forfeited | shares	0
Shares Under Option, Exercised | shares	(47,704)
Share Under Option, Outstanding, Ending balance | shares	583,001
Shares Under Options, Exercisable at March 31, 2017 | shares	210,691
Weighted Average Exercise Price Per Share [Abstract]
Weighted Average Exercise Price Per Share, Outstanding, Beginning balance | $ / shares	$ 19.06
Weighted Average Exercise Price Per Share, Granted | $ / shares	28.15
Weighted Average Exercise Price Per Share, Expired | $ / shares	22.98
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	0.00
Weighted Average Exercise Price Per Share, Exercised | $ / shares	18.04
Weighted Average Exercise Price Per Share, Outstanding, Ending balance | $ / shares	21.66
Weighted Average Exercise Price Per Share, Exercisable at March 31, 2017 | $ / shares	$ 17.96
Weighted Average Remaining Contractual Life, Outstanding at March 31, 2017	7 years 10 months 24 days
Weighted Average Remaining Contractual Life, Exercisable at March 31, 2017	6 years
Aggregate Intrinsic Value, Outstanding at March 31, 2017 | $	$ 2,898
Aggregate Intrinsic Value, Exercisable at March 31, 2017 | $	$ 1,672

XML

Stock-Based Incentive Plan - Summary of Nonvested Stock Options (Details) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Nonvested Stock Options, Beginning balance	308,940
Nonvested Stock Options, Granted	191,297
Nonvested Stock Options, Vested	(127,927)
Nonvested Stock Options, Forfeited	0
Nonvested Stock Options, Ending balance	372,310
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning balance	$ 6.15
Weighted Average Grant Date Fair Value, Granted	6.72	$ 6.26
Weighted Average Grant Date Fair Value, Vested	6.08
Weighted Average Grant Date Fair Value, Forfeited	0.00
Weighted Average Grant Date Fair Value, Ending balance	$ 6.46

XML

Stock-Based Incentive Plan - Aggregated Assumptions Used to Estimate Fair Value of Options Granted (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option life in years	6 years 10 months 24 days
Expected option life in years - weighted average		7 years 10 months 24 days
Risk free interest rate	2.30%
Risk free interest rate - weighted average		1.89%
Expected dividend yield	2.84%
Expected dividend yield - weighted average		4.07%
Expected volatility	29.75%
Expected volatility - weighted average		46.13%
Fair value of options	$ 6.72	$ 6.26
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option life in years		7 years 10 months 24 days
Risk free interest rate		1.81%
Expected dividend yield		4.07%
Expected volatility		46.13%
Fair value of options		$ 5.98
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected option life in years		8 years 2 months 12 days
Risk free interest rate		1.89%
Expected dividend yield		4.19%
Expected volatility		46.22%
Fair value of options		$ 6.27

XML

Stock-Based Incentive Plan - Summary of Nonvested Restricted Stock Awards (Detail)	3 Months Ended
	Mar. 31, 2017 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested Share Awards, Beginning balance | shares	285,158
Nonvested Share Awards, Granted | shares	58,448
Nonvested Share Awards, Vested | shares	(47,164)
Nonvested Share Awards, Forfeited | shares	(13,125)
Nonvested Share awards, Ending balance | shares	283,317
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 19.74
Weighted Average Grant Date Fair Value, Granted | $ / shares	28.15
Weighted Average Grant Date Fair Value, Vested | $ / shares	18.32
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	18.78
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 21.76

XML

Stock-Based Incentive Plan - Certain Information Regarding Restricted Stock (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	58,448
Weighted average grant date fair value	$ 28.15
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	58,448	58,580
Weighted average grant date fair value	$ 28.15	$ 19.68
Intrinsic value of awards vested	$ 1,333	$ 971

XML

Stock-Based Incentive Plan - Schedule of Unrecognized Compensation Cost, Nonvested Awards (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 6,271
Weighted-Average Period Remaining (Years)	2 years 1 month 6 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 2,082
Weighted-Average Period Remaining (Years)	2 years 4 months 24 days
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 4,189
Weighted-Average Period Remaining (Years)	1 year 10 months 24 days

XML

Stock-Based Incentive Plan - Compensation Expense Related to Stock Incentive Plans Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stock-based compensation expense:
Total Expense	$ 846	$ 467
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	507	151
Stock Options [Member]
Stock-based compensation expense:
Total Expense	221	151
Restricted Stock Awards [Member]
Stock-based compensation expense:
Total Expense	610	300
Employee Stock Purchase Plan [Member]
Stock-based compensation expense:
Total Expense	$ 15	$ 16

XML

Earnings per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 10,856	$ 7,289
Net income allocated to unvested restricted stock	(113)	(59)
Net income allocated to common shares	$ 10,743	$ 7,230
Denominator for basic earnings per share—weighted-average shares outstanding	26,345	19,402
Effect of dilutive securities—employee stock options	103	31
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	26,448	19,433
Basic earnings per share	$ 0.41	$ 0.37
Diluted earnings per share	$ 0.41	$ 0.37
Average anti-dilutive options and awards excluded from computation of diluted earnings per share	242	588

XML

Accumulated Other Comprehensive (Loss) Income - Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	$ (19,454)	$ (16,708)
Net Change	462	1,227
Ending balance	(18,992)	(15,481)
Net Unrealized Holding (Losses) Gains on Available-for-Sale Investment Securities [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	(4,988)	(592)
Net Change	263	1,413
Ending balance	(4,725)	821
Net Change Related to Derivative Used for Cash Flow Hedge [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	(141)	(285)
Net Change	51	(354)
Ending balance	(90)	(639)
Net Change Related to Defined Benefit Pension Plan [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance	(14,325)	(15,831)
Net Change	148	168
Ending balance	$ (14,177)	$ (15,663)

XML

Derivative Instruments and Hedging Activities - Narrative (Details) $ in Thousands		3 Months Ended
	Oct. 24, 2014 USD ($)	Mar. 31, 2017 USD ($) instrument	Dec. 31, 2016 USD ($)
Derivative [Line Items]
Loans receivable with fixed rates of interest maturity period	10 years
Loans receivable with fixed rates	$ 29,100
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount		$ 19,803	$ 19,993
Derivative Liabilities		167	254
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount		119,744	107,448
Derivative Liabilities		$ 114	74
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Loans receivable with fixed rates of interest maturity period		15 years
Derivative fixed interest rate		7.43%
Notional Amount		$ 598	622
Loans receivable fixed interest rate (percentage)		7.43%
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liabilities		$ 57	65
Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount		$ 47,501	27,919
Derivative number of instruments held | instrument		12
Underlying derivative at fair value		$ 57
Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liabilities		57	9
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative asset notional amount	$ 20,000
Derivative fixed interest rate	2.10%
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months		151
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount		18,386	18,566
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liabilities		$ 138	217
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Loans receivable with fixed rates of interest maturity period		10 years
Derivative fixed interest rate		5.83%
Notional Amount		$ 1,417	1,427
Loans receivable fixed interest rate (percentage)		5.83%
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Derivative Liabilities		$ 29	$ 37
Minimum [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative remaining maturity		2 years
Maximum [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative remaining maturity		10 years
One-Month LIBOR [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative basis spread on variable rate		2.24%
One-Month LIBOR [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative basis spread on variable rate		3.50%

XML

Derivative Instruments and Hedging Activities - Derivatives Designated as Hedging Instruments (Detail) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	$ 19,803		$ 19,993
Derivative Assets	0		0
Derivative Liabilities	167		254
Net loss	(68)	$ (81)
Gain (loss) recognized in other comprehensive income (loss)	(90)	(141)
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	18,386		18,566
Gain (loss) recognized in other comprehensive income (loss)	(90)	(141)
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net loss	71	81
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Assets	0		0
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liabilities	138		217
Interest Rate Swap [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,417		1,427
Interest Rate Swap [Member] | Fair Value Hedging [Member] | Other Noninterest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net loss	3	$ 0
Interest Rate Swap [Member] | Fair Value Hedging [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Assets	0		0
Interest Rate Swap [Member] | Fair Value Hedging [Member] | Other Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liabilities	$ 29		$ 37

XML

Derivative Instruments and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Detail) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	$ 119,744		$ 107,448
Derivative Assets	1,211		1,058
Derivative Liabilities	114		74
Derivative instruments not designated as hedging instruments gain (loss), net	224	$ 491
Interest Rate Swap [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	598		622
Interest Rate Swap [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	0		0
Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	57		65
Credit Risk Contract [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	47,501		27,919
Credit Risk Contract [Member] | Other Noninterest Income [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	71	0
Credit Risk Contract [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	0		0
Credit Risk Contract [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	57		9
Interest Rate Locks with Customers [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	35,255		36,541
Interest Rate Locks with Customers [Member] | Mortgage Banking Activities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	407	632
Interest Rate Locks with Customers [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	1,208		801
Interest Rate Locks with Customers [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	0		0
Forward Loan Sale Commitments [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	36,390		42,366
Forward Loan Sale Commitments [Member] | Mortgage Banking Activities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	(254)	$ (141)
Forward Loan Sale Commitments [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	3		257
Forward Loan Sale Commitments [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	$ 0		$ 0

XML

Fair Value Disclosures - Narrative (Details)		3 Months Ended		12 Months Ended
	Jul. 01, 2014 USD ($)	Mar. 31, 2017 USD ($) loan	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill, period increase		$ 0	$ 0
Adjustment of Contingent Consideration		14,000	280,000
Valuation adjustments for loans held for sale		0		$ 0
Carrying value of impaired loans and leases held for investment		37,414,000
Valuation allowance of impaired loans held for investment		399,000		235,000
Servicing rights carrying amount before valuation allowance		6,500,000		6,500,000
Servicing rights valuation allowance		0		0
Sterner Insurance Associates Inc [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Potential cash payments from contingent consideration, minimum	$ 0
Potential cash payments from contingent consideration, maximum	$ 2,600,000.0
Potential cash payments from contingent consideration based on results, period of measurement (in months)	12 months
Potential cash payments from contingent consideration, end date	2017
Goodwill, period increase		0	0
Adjustment of Contingent Consideration		0	154,000
Girard Partners [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill, period increase		0	0
Adjustment of Contingent Consideration		14,000	119,000
John T. Fretz Insurance Agency [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill, period increase			0
Adjustment of Contingent Consideration			$ 7,000
Held for Investment [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of impaired loans and leases held for investment		37,400,000		43,915,000
Valuation allowance of impaired loans held for investment		399,000		235,000
Lease Financings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of impaired loans and leases held for investment		5,000,000		$ 0
Valuation allowance of impaired loans held for investment		$ 580,000
Interest Rate Swap [Member] | Derivative Financial Instruments, Liabilities [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of loans with unrealized gain | loan		2
Unrealized gain on loans		$ 85,000

XML

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets:
Total available-for-sale securities	$ 431,612	$ 443,637
Total assets	2,092
Fair Value Measured on Recurring Basis [Member]
Assets:
Total available-for-sale securities	431,612	443,637
Loans	2,092	2,138
Total assets	434,915	446,833
Liabilities:
Total liabilities	1,010	6,327
Fair Value Measured on Recurring Basis [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	729	5,999
Fair Value Measured on Recurring Basis [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	224	319
Fair Value Measured on Recurring Basis [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	57	9
Fair Value Measured on Recurring Basis [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	32,204	32,266
Fair Value Measured on Recurring Basis [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	84,626	88,350
Fair Value Measured on Recurring Basis [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	190,379	198,570
Fair Value Measured on Recurring Basis [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	4,301	4,554
Fair Value Measured on Recurring Basis [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	107,867	108,198
Fair Value Measured on Recurring Basis [Member] | Money Market Mutual Funds [Member]
Assets:
Total available-for-sale securities	11,294	10,784
Fair Value Measured on Recurring Basis [Member] | Equity Securities [Member]
Assets:
Total available-for-sale securities	941	915
Fair Value Measured on Recurring Basis [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	1,208	801
Fair Value Measured on Recurring Basis [Member] | Forward Loan Sale Commitments [Member]
Assets:
Derivative assets	3	257
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member]
Assets:
Total available-for-sale securities	12,235	11,699
Loans	0	0
Total assets	12,235	11,699
Liabilities:
Total liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Money Market Mutual Funds [Member]
Assets:
Total available-for-sale securities	11,294	10,784
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Equity Securities [Member]
Assets:
Total available-for-sale securities	941	915
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Forward Loan Sale Commitments [Member]
Assets:
Derivative assets	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member]
Assets:
Total available-for-sale securities	391,183	403,160
Loans	0	0
Total assets	392,394	404,218
Liabilities:
Total liabilities	224	319
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	224	319
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	32,204	32,266
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	84,626	88,350
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	190,379	198,570
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	4,301	4,554
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	79,673	79,420
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Money Market Mutual Funds [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Equity Securities [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	1,208	801
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Forward Loan Sale Commitments [Member]
Assets:
Derivative assets	3	257
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member]
Assets:
Total available-for-sale securities	28,194	28,778
Loans	2,092	2,138
Total assets	30,286	30,916
Liabilities:
Total liabilities	786	6,008
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	729	5,999
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	57	9
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	28,194	28,778
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Money Market Mutual Funds [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Equity Securities [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Forward Loan Sale Commitments [Member]
Assets:
Derivative assets	$ 0	$ 0

XML

Fair Value Disclosures - Level 3 Roll Forward (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Net Asset (Liability) Value [Roll Forward]
Balance at December 31, 2016	$ 30,907
Purchases/additions	(120)
Sales	0
Payments received	(33)
Premium amortization, net	0
(Decrease) increase in value	(525)
Balance at March 31, 2017	30,229
Derivative Financial Instruments, Liabilities [Member] | Credit Risk Contract [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2016	(9)
Purchases/additions	(120)
Sales	0
Payments received	0
Premium amortization, net	0
(Decrease) increase in value	72
Balance at March 31, 2017	(57)
Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2016	28,778
Purchases/additions	0
Sales	0
Payments received	0
Premium amortization, net	0
(Decrease) increase in value	(584)
Balance at March 31, 2017	28,194
Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at December 31, 2016	2,138
Purchases/additions	0
Sales	0
Payments received	(33)
Premium amortization, net	0
(Decrease) increase in value	(13)
Balance at March 31, 2017	$ 2,092

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Fair Value Disclosures - Change in Contingent Consideration Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Change in Contingent Consideration Liability [Roll Forward]
Beginning Balance	$ 5,999	$ 5,577
Contingent Consideration from New Acquisition	0	0
Payment of Contingent Consideration	5,284	900
Adjustment of Contingent Consideration	14	280
Ending Balance	729	4,957
Sterner Insurance Associates Inc [Member]
Change in Contingent Consideration Liability [Roll Forward]
Beginning Balance	331	1,144
Contingent Consideration from New Acquisition	0	0
Payment of Contingent Consideration	0	0
Adjustment of Contingent Consideration	0	154
Ending Balance	331	1,298
Girard Partners [Member]
Change in Contingent Consideration Liability [Roll Forward]
Beginning Balance	5,668	4,241
Contingent Consideration from New Acquisition	0	0
Payment of Contingent Consideration	5,284	900
Adjustment of Contingent Consideration	14	119
Ending Balance	$ 398	3,460
John T. Fretz Insurance Agency [Member]
Change in Contingent Consideration Liability [Roll Forward]
Beginning Balance		192
Contingent Consideration from New Acquisition		0
Payment of Contingent Consideration		0
Adjustment of Contingent Consideration		7
Ending Balance		$ 199

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Fair Value Disclosures - Assets Measured at Fair Value on Non-recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 2,092
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	37,015	$ 43,680
Impaired leases held for investment	4,441
Other real estate owned	3,712	4,969
Total assets	45,168	48,649
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	0	0
Impaired leases held for investment	0
Other real estate owned	0	0
Total assets	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	0	0
Impaired leases held for investment	0
Other real estate owned	0	0
Total assets	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	37,015	43,680
Impaired leases held for investment	4,441
Other real estate owned	3,712	4,969
Total assets	$ 45,168	$ 48,649

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Fair Value Disclosures - Assets, Liabilities and Off-balance Sheet Items Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets:
Held-to-maturity securities	$ 33,022	$ 24,871
Total assets	2,092
Deposits:
Time deposits	553,176	626,189
Subordinated notes	94,148	94,087
Fair Value [Member]
Assets:
Cash and short-term interest-earning assets	57,800	57,825
Held-to-maturity securities	33,022	24,871
Loans held for sale	1,121	5,943
Net loans and leases held for investment	3,271,524	3,193,886
Servicing rights	9,799	9,548
Total assets	3,373,266	3,292,073
Deposits:
Demand and savings deposits, non-maturity	2,812,775	2,631,378
Time deposits	555,841	628,096
Total deposits	3,368,616	3,259,474
Short-term borrowings	79,366	195,572
Long-term debt	183,962	130,157
Subordinated notes	95,000	95,188
Total liabilities	3,726,944	3,680,391
Off-Balance-Sheet:
Commitments to extend credit	(2,279)	(2,218)
Fair Value [Member] | Level 1 [Member]
Assets:
Cash and short-term interest-earning assets	57,800	57,825
Held-to-maturity securities	0	0
Loans held for sale	0	0
Net loans and leases held for investment	0	0
Servicing rights	0	0
Total assets	57,800	57,825
Deposits:
Demand and savings deposits, non-maturity	2,812,775	2,631,378
Time deposits	0	0
Total deposits	2,812,775	2,631,378
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated notes	0	0
Total liabilities	2,812,775	2,631,378
Off-Balance-Sheet:
Commitments to extend credit	0	0
Fair Value [Member] | Level 2 [Member]
Assets:
Cash and short-term interest-earning assets	0	0
Held-to-maturity securities	33,022	24,871
Loans held for sale	1,121	5,943
Net loans and leases held for investment	0	0
Servicing rights	0	0
Total assets	34,143	30,814
Deposits:
Demand and savings deposits, non-maturity	0	0
Time deposits	555,841	628,096
Total deposits	555,841	628,096
Short-term borrowings	79,366	195,572
Long-term debt	183,962	130,157
Subordinated notes	95,000	95,188
Total liabilities	914,169	1,049,013
Off-Balance-Sheet:
Commitments to extend credit	(2,279)	(2,218)
Fair Value [Member] | Level 3 [Member]
Assets:
Cash and short-term interest-earning assets	0	0
Held-to-maturity securities	0	0
Loans held for sale	0	0
Net loans and leases held for investment	3,271,524	3,193,886
Servicing rights	9,799	9,548
Total assets	3,281,323	3,203,434
Deposits:
Demand and savings deposits, non-maturity	0	0
Time deposits	0	0
Total deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated notes	0	0
Total liabilities	0	0
Off-Balance-Sheet:
Commitments to extend credit	0	0
Carrying Amount [Member]
Assets:
Cash and short-term interest-earning assets	57,800	57,825
Held-to-maturity securities	33,027	24,881
Federal Home Loan Bank, Federal Reserve Bank and other stock	25,322	24,869
Loans held for sale	1,110	5,890
Net loans and leases held for investment	3,278,840	3,222,569
Servicing rights	6,502	6,485
Total assets	3,402,601	3,342,519
Deposits:
Demand and savings deposits, non-maturity	2,812,775	2,631,378
Time deposits	553,176	626,189
Total deposits	3,365,951	3,257,567
Short-term borrowings	79,366	196,171
Long-term debt	182,066	127,522
Subordinated notes	94,148	94,087
Total liabilities	3,721,531	3,675,347
Off-Balance-Sheet:
Commitments to extend credit	$ 0	$ 0

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Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total assets	$ 4,273,931	$ 2,824,777	$ 4,230,528
Interest income	38,396	25,734
Interest expense	4,113	2,211
Net interest income	34,283	23,523
Provision for loan and lease losses	2,445	326
Noninterest income	14,970	13,831
Intangible expenses	759	766
Acquisition-related and integration costs and restructuring charges		220
Other noninterest expense	31,271	25,953
Intersegment (revenue) expense	0	0
Income before income taxes	14,778	10,089
Income taxes	3,922	2,800
Net income	10,856	7,289
Capital expenditures	4,388	2,178
Banking [Member]
Segment Reporting Information [Line Items]
Total assets	4,187,607	2,746,433	4,137,873
Interest income	38,392	25,725
Interest expense	4,113	2,211
Net interest income	34,279	23,514
Provision for loan and lease losses	2,445	326
Noninterest income	5,162	4,548
Intangible expenses	396	63
Acquisition-related and integration costs and restructuring charges		10
Other noninterest expense	23,744	18,736
Intersegment (revenue) expense	(567)	(511)
Income before income taxes	13,423	9,438
Income taxes	3,641	2,357
Net income	9,782	7,081
Capital expenditures	4,320	1,839
Wealth Management [Member]
Segment Reporting Information [Line Items]
Total assets	31,178	30,134	35,061
Interest income	1	2
Interest expense	0	0
Net interest income	1	2
Provision for loan and lease losses	0	0
Noninterest income	5,138	4,572
Intangible expenses	170	303
Acquisition-related and integration costs and restructuring charges		0
Other noninterest expense	3,471	3,058
Intersegment (revenue) expense	237	219
Income before income taxes	1,261	994
Income taxes	500	383
Net income	761	611
Capital expenditures	11	15
Insurance [Member]
Segment Reporting Information [Line Items]
Total assets	24,412	24,715	24,472
Interest income	0	0
Interest expense	0	0
Net interest income	0	0
Provision for loan and lease losses	0	0
Noninterest income	4,547	4,720
Intangible expenses	193	400
Acquisition-related and integration costs and restructuring charges		0
Other noninterest expense	3,069	3,119
Intersegment (revenue) expense	330	292
Income before income taxes	955	909
Income taxes	404	377
Net income	551	532
Capital expenditures	7	10
Other Segments [Member]
Segment Reporting Information [Line Items]
Total assets	30,734	23,495	$ 33,122
Interest income	3	7
Interest expense	0	0
Net interest income	3	7
Provision for loan and lease losses	0	0
Noninterest income	123	(9)
Intangible expenses	0	0
Acquisition-related and integration costs and restructuring charges		210
Other noninterest expense	987	1,040
Intersegment (revenue) expense	0	0
Income before income taxes	(861)	(1,252)
Income taxes	(623)	(317)
Net income	(238)	(935)
Capital expenditures	$ 50	$ 314

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Restructuring Charges - Narrative (Details) $ in Millions	24 Months Ended
	Dec. 31, 2016 USD ($) center
Facility closing [Member]
Restructuring Cost and Reserve [Line Items]
Number of financial centers closed | center	5
Banking [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges | $	$ 3.4

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Restructuring Charges - Roll-Forward of Accrued Restructuring Expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Restructuring Reserve [Roll Forward]
Accrued at January 1, 2017	$ 1,210
Payments	(470)
Accrued at March 31, 2017	740
Severance expenses [Member]
Restructuring Reserve [Roll Forward]
Accrued at January 1, 2017	901
Payments	(445)
Accrued at March 31, 2017	456
Write-downs and retirements of fixed assets [Member]
Restructuring Reserve [Roll Forward]
Accrued at January 1, 2017	228
Payments	0
Accrued at March 31, 2017	228
Lease cancellations [Member]
Restructuring Reserve [Roll Forward]
Accrued at January 1, 2017	81
Payments	(25)
Accrued at March 31, 2017	$ 56