Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value of Financial Instruments [Abstract]

Book Value and Estimated Fair Value of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated:

			Fair Value of Financial Instruments Using
June 30, 2021 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	834,710	$	834,710	$	-	$	-	$	834,710
Investment Securities Available-for-Sale		351,661		56,387		295,274		-		351,661
Investment Securities Held-to-Maturity		496,470		-		445,236		44,949		490,185
Loans & Leases, Net		2,972,967		-		-		2,984,866		2,984,866
Accrued Interest Receivable		16,367		-		16,367		-		16,367
Liabilities:
Deposits		4,412,064		4,010,525		-		402,009		4,412,534
Subordinated Debentures		10,310		-		6,831		-		6,831
Accrued Interest Payable		592		-		592		-		592

			Fair Value of Financial Instruments Using
December 31, 2020 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	383,837	$	383,837	$	-	$	-	$	383,837
Investment Securities Available-for-Sale		807,732		15,470		792,262		-		807,732
Investment Securities Held-to-Maturity		68,933		-		26,262		43,787		70,049
Loans & Leases, Net		3,040,730		-		-		3,045,911		3,045,911
Accrued Interest Receivable		20,333		-		20,333		-		20,333
Liabilities:
Deposits		4,060,267		3,638,400		-		422,840		4,061,240
Subordinated Debentures		10,310		-		6,888		-		6,888
Accrued Interest Payable		1,383		-		1,383		-		1,383

			Fair Value of Financial Instruments Using
June 30, 2020 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	371,439	$	371,439	$	-	$	-	$	371,439
Investment Securities Available-for-Sale		569,407		80,691		488,716		-		569,407
Investment Securities Held-to-Maturity		69,036		-		28,893		41,301		70,194
Loans & Leases, Net		3,009,454		-		-		3,001,079		3,001,079
Accrued Interest Receivable		18,083		-		18,083		-		18,083
Liabilities:
Deposits		3,782,033		3,250,311		-		533,650		3,783,961
Subordinated Debentures		10,310		-		6,936		-		6,936
Accrued Interest Payable		2,183		-		2,183		-		2,183