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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following table presents the balances of assets and liabilities measured at fair value on a recurring basis for the periods presented.
(in thousands)Fair Value Measurements Using
Measured at Fair Value on a Recurring Basis:TotalLevel 1Level 2Level 3
March 31, 2022
U.S. government agency securities$186,323 $— $186,323 $— 
State, county and municipals288,708 — 286,354 2,354 
Mortgage-backed securities243,604 — 242,609 995 
Corporate debt securities133,696 — 129,055 4,641 
Securities AFS
$852,331 $— $844,341 $7,990 
Other investments (equity securities)$6,081 $6,081 $— $— 
Derivative assets387 — 387 — 
Derivative liabilities387 — 387 — 
December 31, 2021
U.S. government agency securities$191,277 $— $191,277 $— 
State, county and municipals312,737 — 310,316 2,421 
Mortgage-backed securities271,262 — 270,260 1,002 
Corporate debt securities146,385 — 141,743 4,642 
Securities AFS
$921,661 $— $913,596 $8,065 
Other investments (equity securities)$5,660 $5,660 $— $— 
Derivative assets1,064 — 1,064 — 
Derivative liabilities1,064 — 1,064 — 
Changes in Level 3 assets measured at fair value on a recurring basis
The following table presents the changes in Level 3 securities AFS measured at fair value on a recurring basis.
Three Months EndedYear Ended
Level 3 Fair Value Measurements:March 31, 2022December 31, 2021
Balance at beginning of year$8,065 $3,130 
Acquired balance— 4,935 
Unrealized gain / (loss)(75)— 
Balance at end of period$7,990 $8,065 
Schedule of assets measured at fair value on a nonrecurring basis
The following table presents the Company’s assets measured at fair value on a nonrecurring basis, aggregated by level in the fair value hierarchy within which those measurements fall.
(in thousands)Fair Value Measurements Using
Measured at Fair Value on a Nonrecurring Basis:TotalLevel 1Level 2Level 3
March 31, 2022
Collateral dependent loans$34,737 $— $— $34,737 
Other real estate owned (“OREO”)9,816 — — 9,816 
MSR asset13,226 — — 13,226 
LSR asset17,550 — — 17,550 
December 31, 2021
Collateral dependent loans$36,230 $— $— $36,230 
OREO11,955 — — 11,955 
MSR asset12,436 — — 12,436 
LSR asset20,055 — — 20,055 
Schedule of estimated fair values of financial instruments
The carrying amounts and estimated fair values of the Company’s financial instruments are shown below.
March 31, 2022
(in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets:
Cash and cash equivalents$395,923 $395,923 $395,923 $— $— 
Certificates of deposit in other banks19,692 19,801 — 19,801 — 
Securities AFS852,331 852,331 — 844,341 7,990 
Securities HTM684,991 652,056 — 652,056 — 
Other investments, including equity securities54,257 54,257 6,081 39,383 8,793 
Loans held for sale9,764 9,886 — 9,886 — 
Loans, net4,633,409 4,548,241 — — 4,548,241 
MSR asset13,226 16,621 — — 16,621 
LSR asset17,550 17,550 — — 17,550 
Accrued interest receivable15,908 15,908 15,908 — — 
Financial liabilities:
Deposits$6,231,120 $6,214,808 $— $— $6,214,808 
Long-term borrowings206,946 205,995 — 15,001 190,994 
Accrued interest payable2,852 2,852 2,852 — — 
December 31, 2021
(in thousands)Carrying
Amount		Estimated
Fair Value		Level 1Level 2Level 3
Financial assets:
Cash and cash equivalents$595,292 $595,292 $595,292 $— $— 
Certificates of deposit in other banks21,920 22,236 — 22,236 — 
Securities AFS921,661 921,661 — 913,596 8,065 
Securities HTM651,803 648,394 — 648,394 — 
Other investments, including equity securities44,008 44,008 5,660 32,110 6,238 
Loans held for sale6,447 6,616 — 6,616 — 
Loans, net4,572,164 4,606,851 — — 4,606,851 
MSR asset12,436 15,599 — — 15,599 
LSR asset20,055 20,055 — — 20,055 
Accrued interest receivable15,277 15,277 15,277 — — 
Financial liabilities:
Deposits$6,465,916 $6,463,064 $— $— $6,463,064 
Long-term borrowings216,915 216,092 — 25,097 190,995 
Accrued interest payable3,078 3,078 3,078 — —