Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Carrying Amount And Estimated Fair Value Of Assets And Liabilities

	December 31, 2018
			Quoted prices	Significant
			in active	other	Significant
			markets for	observable	unobservable
	Carrying	Estimated	identical assets	inputs	inputs
	amount	fair value	(Level 1)	(Level 2)	(Level 3)
	(in thousands)
Investment securities, available-for-sale	$                 1,236,324	$                 1,236,324	$                        -	$             1,211,934	$            24,390
Investment securities, held-to-maturity	84,432	83,391	-	76,113	7,278
Federal Home Loan Bank and Atlantic Central Bankers Bank stock	1,113	1,113	-	-	1,113
Commercial loans held for sale	688,471	688,471	-	-	688,471
Loans, net of deferred loan fees and costs	1,504,777	1,503,780	-	-	1,503,780
Investment in unconsolidated entity	59,273	59,273	-	-	59,273
Assets held for sale from discontinued operations	197,831	197,831	-	-	197,831
Interest rate swaps, asset	1,681	1,681	-	1,681	-
Demand and interest checking	3,904,638	3,904,638	3,904,638	-	-
Savings and money market	31,076	31,076	31,076	-	-
Subordinated debentures	13,401	9,975	-	-	9,975
Securities sold under agreements to repurchase	93	93	93	-	-

	December 31, 2017
			Quoted prices	Significant
			in active	other	Significant
			markets for	observable	unobservable
	Carrying	Estimated	identical assets	inputs	inputs
	amount	fair value	(Level 1)	(Level 2)	(Level 3)
	(in thousands)
Investment securities, available-for-sale	$                 1,294,484	$                 1,294,484	$                        -	$             1,253,840	$            40,644
Investment securities, held-to-maturity	86,380	85,345	-	78,745	6,600
Securities purchased under agreements to resell	64,312	64,312	64,312	-	-
Federal Home Loan Bank and Atlantic Central Bankers Bank stock	991	991	-	-	991
Commercial loans held for sale	503,316	503,316	-	-	503,316
Loans, net of deferred loan fees and costs	1,392,228	1,391,701	-	-	1,391,701
Investment in unconsolidated entity	74,473	74,473	-	-	74,473
Assets held for sale from discontinued operations	304,313	304,313	-	-	304,313
Interest rate swaps, asset	1,243	1,243	-	1,243	-
Demand and interest checking	3,806,965	3,806,965	3,806,965	-	-
Savings and money market	453,877	453,877	453,877	-	-
Subordinated debentures	13,401	9,173	-	-	9,173
Securities sold under agreements to repurchase	217	217	217	-	-

Changes In Company's Level 3 Assets

The Company’s Level 3 asset activity for the categories shown for the years 2018 and 2017 is as follows (in thousands):

	Fair Value Measurements Using
	Significant Unobservable Inputs
	(Level 3)
	Available-for-sale		Commercial loans
	securities		held for sale
	December 31, 2018	December 31, 2017	December 31, 2018	December 31, 2017
Beginning balance	$                            40,644	$                                    -	$                             503,316	$                             663,140
Transfers into level 3	-	19,441	-	-
Transfers out of level 3	(74,355)	-	-	-
Total gains or (losses) (realized/unrealized)
Included in earnings	-	-	19,850	19,883
Included in other comprehensive loss	(688)	(497)	-	-
Purchases, issuances, sales and settlements
Purchases	62,076	24,112	-	-
Issuances	-	-	866,303	521,914
Sales	-	-	(700,998)	(701,621)
Settlements	(3,287)	(2,412)	-	-
Ending balance	$                            24,390	$                          40,644	$                             688,471	$                             503,316
The amount of total gains or (losses) for the period
included in earnings attributable to the change in
unrealized gains or losses relating to assets still
held at the reporting date.	$                                     -	$                                    -	$                                  (922)	$                                    911

The Company’s Level 3 asset activity for the categories shown for the years 2018 and 2017 is as follows (in thousands):

	Fair Value Measurements Using
	Significant Unobservable Inputs
	(Level 3)
	Investment in		Assets held for sale
	unconsolidated entity		from discontinued operations
	December 31, 2018	December 31, 2017	December 31, 2018	December 31, 2017
Beginning balance	$                            74,473	$                          126,930	$                             304,313	$                             360,711
Transfers into level 3	-	-	-	-
Transfers out of level 3	-	-	-	-
Total gains or (losses) (realized/unrealized)
Included in earnings	(3,689)	(20)	352	557
Included in other comprehensive income	-	-	-	-
Purchases, issuances, sales, settlements and charge-offs
Purchases	-	-	-	-
Issuances	-	-	1,664	11,450
Sales	-	-	(35,000)	-
Settlements	(11,511)	(52,437)	(62,754)	(52,450)
Charge-offs	-	-	(10,744)	(15,955)
Ending balance	$                            59,273	$                            74,473	$                             197,831	$                             304,313
The amount of total gains or (losses) for the period
included in earnings attributable to the change in
unrealized gains or losses relating to assets still
held at the reporting date.	$                           (3,689)	$                                (20)	$                                    352	$                               (4,776)

Fair Value, Measurements, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets Measured At Fair Value On A Recurring And Nonrecurring Basis

		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs
	December 31, 2018	(Level 1)	(Level 2)	(Level 3)
Investment securities, available-for-sale
U.S. Government agency securities	$                            53,362	$                                    -	$                              53,362	$                                        -
Asset-backed securities	188,602	-	188,602	-
Obligations of states and political subdivisions	67,986	-	67,986	-
Residential mortgage-backed securities	369,741	-	369,741	-
Collateralized mortgage obligation securities	262,207	-	262,207	-
Commercial mortgage-backed securities	294,426	-	270,036	24,390
Total investment securities, available-for-sale	1,236,324	-	1,211,934	24,390
Commercial loans held for sale	688,471	-	-	688,471
Investment in unconsolidated entity	59,273	-	-	59,273
Assets held for sale from discontinued operations	197,831	-	-	197,831
Interest rate swaps, asset	1,681	-	1,681	-
	$                       2,183,580	$                                    -	$                         1,213,615	$                            969,965

		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs
	December 31, 2017	(Level 1)	(Level 2)	(Level 3)
Investment securities, available-for-sale
U.S. Government agency securities	$                            49,902	$                                    -	$                              49,902	$                                        -
Asset-backed securities	270,085	-	270,085	-
Obligations of states and political subdivisions	75,849	-	75,849	-
Residential mortgage-backed securities	448,852	-	448,852	-
Collateralized mortgage obligation securities	246,493	-	246,493	-
Commercial mortgage-backed securities	203,303	-	162,659	40,644
Total investment securities, available-for-sale	1,294,484	-	1,253,840	40,644
Commercial loans held for sale	503,316	-	-	503,316
Investment in unconsolidated entity	74,473	-	-	74,473
Assets held for sale from discontinued operations	304,313	-	-	304,313
Interest rate swaps, asset	1,243	-	1,243	-
	$                       2,177,829	$                                    -	$                         1,255,083	$                            922,746

Fair Value Inputs, Assets, Quantitative Information

	Fair value at	Fair value at			Range at	Range at
Level 3 instruments only	December 31, 2018	December 31, 2017	Valuation techniques	Unobservable inputs	December 31, 2018	December 31, 2017
Investment securities, available-for-sale	$           24,390	$             40,644	Discounted cash flow	Discount rate	6.55%	7.0% - 9.5%
Investment securities, held-to-maturity	7,278	6,600	Discounted cash flow	Discount rate	8.80%	8.00%
Federal Home Loan Bank and Atlantic	1,113	991	Cost	N/A	N/A	N/A
Central Bankers Bank stock
Loans, net of deferred loan fees and	1,503,780	1,391,701	Discounted cash flow	Discount rate	4.22% - 6.93%	3.5% - 7.2%
costs
Commercial - SBA	199,977	165,176	Traders' pricing	Offered quotes	99.125 - 110	100 - 117.25
Commercial - fixed	95,307	118,608	Discounted cash flow	Discount rate	5.23% - 6.92%	4.85% - 7.05%
Commercial - floating	393,187	219,532	Discounted cash flow	Discount rate	5.41% - 7.75%	5.53% - 6.04%
Commercial loans held for sale	688,471	503,316
Investment in unconsolidated entity	59,273	74,473	Discounted cash flow	Discount rate	6.30%	4.75%
				Default rate	1.00%	1.00%
Assets held for sale from discontinued	197,831	304,313	Discounted cash flow	Discount rate,	4.26% - 8.36%	3.89% - 9.59%
operations				Credit analysis
Subordinated debentures	9,975	9,173	Discounted cash flow	Discount rate	8.81%	7.00%

Fair Value, Measurements, Nonrecurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets Measured At Fair Value On A Recurring And Nonrecurring Basis

		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
		assets	inputs	inputs (1)
Description	December 31, 2018	(Level 1)	(Level 2)	(Level 3)
Impaired loans - collateral dependent (1)	$                             3,747	$                                    -	$                                       -	$                               3,747
Intangible assets	3,846	-	-	3,846
	$                             7,593	$                                    -	$                                       -	$                               7,593

		Fair Value Measurements at Reporting Date Using
		Quoted prices in active	Significant other	Significant
		markets for identical	observable	unobservable
	Fair value	assets	inputs	inputs (1)
Description	December 31, 2017	(Level 1)	(Level 2)	(Level 3)
Impaired loans - collateral dependent (1)	$                             3,559	$                                    -	$                                       -	$                               3,559
Other real estate owned	450	-	-	450
Intangible assets	5,377	-	-	5,377
	$                             9,386	$                                    -	$                                       -	$                               9,386

(1) The method of valuation approach for the impaired loans and other real estate owned was the market approach based upon appraisals of the underlying collateral by external appraisers, reduced by 7% to 10% for estimated selling costs.  Intangible assets are valued based upon internal analyses.