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Fair Value Disclosures (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value of Recurring Basis
The following table presents the assets and liabilities measured at fair value on a recurring basis at September 30, 2020 and December 31, 2019, classified using the fair value hierarchy:
 At September 30, 2020
(Dollars in thousands)Level 1Level 2Level 3Assets/
Liabilities at
Fair Value
Assets:
Available-for-sale securities:
State and political subdivisions$— $15,187 $— $15,187 
Residential mortgage-backed securities— 81,671 — 81,671 
Collateralized mortgage obligations— 5,830 — 5,830 
Corporate bonds— 86,539 — 86,539 
Total available-for-sale securities— 189,227 — 189,227 
Equity securities:
Equity securities - financial services industry683 — — 683 
Money market mutual funds2,103 — — 2,103 
Total equity securities2,786 — — 2,786 
Loans*— — 221 221 
Interest rate locks with customers*— 4,896 — 4,896 
Total assets$2,786 $194,123 $221 $197,130 
Liabilities:
Contingent consideration liability$— $— $83 $83 
Interest rate swaps*— 624 — 624 
Credit derivatives*— — 716 716 
Forward loan sale commitments*— 474 — 474 
Total liabilities$— $1,098 $799 $1,897 
* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."

The Corporation recorded no unrealized gains and losses within other comprehensive income for recurring Level 3 fair value measurements held at September 30, 2020. The $716 thousand of credit derivatives liability represents the Credit Valuation Adjustment (CVA), which is obtained from real-time financial market data, of seventy-seven interest rate swaps with a current notional amount of $552.2 million. The September 30, 2020 CVA assumes a zero-deal recovery percentage based on the most recent index credit curve.
 At December 31, 2019
(Dollars in thousands)Level 1Level 2Level 3Assets/
Liabilities at
Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies$— $300 $— $300 
State and political subdivisions— 34,595 — 34,595 
Residential mortgage-backed securities— 118,460 — 118,460 
Collateralized mortgage obligations— 2,361 — 2,361 
Corporate bonds— 91,208 — 91,208 
Total available-for-sale securities— 246,924 — 246,924 
Equity securities:
Equity securities - financial services industry1,004 — — 1,004 
Money market mutual funds1,619 — — 1,619 
Total equity securities2,623 — — 2,623 
Loans*— — 317 317 
Interest rate locks with customers*— 399 — 399 
Total assets$2,623 $247,323 $317 $250,263 
Liabilities:
Contingent consideration liability$— $— $160 $160 
Interest rate swaps*— 249 — 249 
Credit derivatives*— — 176 176 
Forward loan sale commitments*— 19 — 19 
Total liabilities$— $268 $336 $604 
* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities.
Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Level 3 Rollforward
The following table includes a rollforward 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 nine months ended September 30, 2020 and 2019:
 Nine Months Ended September 30, 2020
(Dollars in thousands)Balance at
December 31,
2019		AdditionsPayments receivedIncrease in valueBalance at September 30, 2020
Loans$317 $— $(91)$(5)$221 
Credit derivatives(176)(4,683)— 4,143 (716)
Net total $141 $(4,683)$(91)$4,138 $(495)

 Nine Months Ended September 30, 2019
(Dollars in thousands)Balance at
December 31,
2018		AdditionsPayments receivedIncrease in valueBalance at September 30, 2019
Corporate bonds$25,729 $— $— $675 $26,404 
Loans1,779 — (1,432)2 349 
Credit derivatives(72)(958)— 767 (263)
Net total$27,436 $(958)$(1,432)$1,444 $26,490 
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 nine months ended September 30, 2020 and 2019:
 Nine Months Ended September 30, 2020
(Dollars in thousands)Balance at
December 31,
2019		Contingent
Consideration
from New
Acquisition		Payment of
Contingent
Consideration		Adjustment
of Contingent
Consideration		Balance at September 30, 2020
Girard Partners$160 $— $91 $14 $83 
Total contingent consideration liability$160 $— $91 $14 $83 

 Nine Months Ended September 30, 2019
(Dollars in thousands)Balance at
December 31,
2018		Contingent
Consideration
from New
Acquisition		Payment of
Contingent
Consideration		Adjustment
of Contingent
Consideration		Balance at September 30, 2019
Girard Partners$259 $— $97 $24 $186 
Total contingent consideration liability$259 $— $97 $24 $186 
Assets Measured at Fair Value on Non-Recurring Basis
The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or changes in the value of loans held for investment analyzed on an individual basis. The following table represents assets measured at fair value on a non-recurring basis at September 30, 2020 and December 31, 2019:
 At September 30, 2020
(Dollars in thousands)Level 1Level 2Level 3Assets at
Fair Value
Individually analyzed loans held for investment$— $— $28,675 $28,675 
Other real estate owned— — 8,270 8,270 
Total$— $— $36,945 $36,945 

 At December 31, 2019
(Dollars in thousands)Level 1Level 2Level 3Assets at
Fair Value
Impaired loans held for investment$— $— $36,018 $36,018 
Impaired leases held for investment— — 277 277 
Other real estate owned— — 516 516 
Total$— $— $36,811 $36,811 
Assets, Liabilities and Off-Balance Sheet Items Not Measured at Fair Value
The following table presents assets and liabilities not measured at fair value on a recurring or non-recurring basis in the Corporation’s condensed consolidated balance sheets but for which the fair value is required to be disclosed at September 30, 2020 and December 31, 2019. The disclosed fair values are classified using the fair value hierarchy.
 At September 30, 2020
(Dollars in thousands)Level 1Level 2Level 3Fair
Value		Carrying
Amount
Assets:
Cash and short-term interest-earning assets$387,676 $— $— $387,676 $387,676 
Held-to-maturity securities— 182,376 — 182,376 176,817 
Federal Home Loan Bank, Federal Reserve Bank and other stockNANANANA29,723 
Loans held for sale— 14,612 — 14,612 14,465 
Net loans and leases held for investment— — 5,253,500 5,253,500 5,091,090 
Servicing rights— — 6,404 6,404 6,279 
Total assets$387,676 $196,988 $5,259,904 $5,844,568 $5,706,050 
Liabilities:
Deposits:
Demand and savings deposits, non-maturity$4,655,384 $— $— $4,655,384 $4,655,384 
Time deposits— 567,257 — 567,257 556,219 
Total deposits4,655,384 567,257 — 5,222,641 5,211,603 
Short-term borrowings— 17,681 — 17,681 17,681 
Long-term debt— 209,494 — 209,494 205,010 
Subordinated notes— 199,473 — 199,473 193,413 
Total liabilities$4,655,384 $993,905 $— $5,649,289 $5,627,707 
 At December 31, 2019
(Dollars in thousands)Level 1Level 2Level 3Fair
Value		Carrying
Amount
Assets:
Cash and short-term interest-earning assets$125,128 $— $— $125,128 $125,128 
Held-to-maturity securities— 194,886 — 194,886 192,052 
Federal Home Loan Bank, Federal Reserve Bank and other stockNANANANA28,254 
Loans held for sale— 5,560 — 5,560 5,504 
Net loans and leases held for investment— — 4,309,208 4,309,208 4,314,893 
Servicing rights— — 9,340 9,340 6,626 
Total assets$125,128 $200,446 $4,318,548 $4,644,122 $4,672,457 
Liabilities:
Deposits:
Demand and savings deposits, non-maturity$3,754,065 $— $— $3,754,065 $3,754,065 
Time deposits— 609,387 — 609,387 606,010 
Total deposits3,754,065 609,387 — 4,363,452 4,360,075 
Short-term borrowings— 18,680 — 18,680 18,680 
Long-term debt— 151,343 — 151,343 150,098 
Subordinated notes— 96,663 — 96,663 94,818 
Total liabilities$3,754,065 $876,073 $— $4,630,138 $4,623,671