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Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands):
Fair value at March 31, 2020TotalLevel 1Level 2Level 3
Marketable equity securities$3,007  $3,007  $—  $—  
Debt securities available for sale:
Obligations of U.S. government corporations and agencies469,218  —  469,218  —  
Obligations of states and political subdivisions114,125  —  114,125  —  
Corporate bonds2,575  —  2,575  —  
Asset backed securities416,081  —  416,081  —  
Loans held for sale2,695  —  2,695  —  
Mortgage servicing rights5,168  —  —  5,168  
Total assets measured at fair value$1,012,869  $3,007  $1,004,694  $5,168  

Fair value at December 31, 2019TotalLevel 1Level 2Level 3
Marketable equity securities$2,960  $2,960  $—  $—  
Debt securities available for sale:
Obligations of U.S. government corporations and agencies472,980  —  472,980  —  
Obligations of states and political subdivisions109,601  —  109,601  —  
Corporate bonds2,532  —  2,532  —  
Asset backed securities365,025  —  365,025  —  
Loans held for sale5,265  —  5,265  —  
Mortgage servicing rights6,200  —  —  6,200  
Total assets measured at fair value$964,563  $2,960  $955,403  $6,200  
Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis
The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands):
Three months ended March 31,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2020: Mortgage servicing rights$6,200  —  $(1,258) $226  $5,168  
2019: Mortgage servicing rights$7,098  —  $(645) $119  $6,572  

Three months ended March 31,
Quantitative Information about Recurring Level 3 Fair Value Measurements
The following table presents quantitative information about recurring Level 3 fair value measurements at March 31, 2020 and December 31, 2019:
As of March 31, 2020:Fair Value
(in thousands)		Valuation
Technique		Unobservable
Inputs		Range,
Weighted
Average
Mortgage Servicing Rights$5,168  Discounted cash flowConstant prepayment rate
7% - 42%; 11%
Discount rate
10% - 14%; 12%
As of December 31, 2019:
Mortgage Servicing Rights$6,200  Discounted cash flowConstant prepayment rate
6% - 42.0%; 11.0%
Discount rate
10% - 14%; 12%
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis
The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated (in thousands):
March 31, 2020TotalLevel 1Level 2Level 3Total Losses
Fair value:
Individually evaluated loans$105  —  —  $105  $(107) 

December 31, 2019TotalLevel 1Level 2Level 3Total Losses
Fair value:
Individually evaluated loans$1,055  —  —  $1,055  $(652) 
Foreclosed assets417  —  —  417  (27) 
Total assets measured at fair value$1,472  —  —  $1,472  $(679) 

March 31, 2019TotalLevel 1Level 2Level 3Total Losses
Fair value:
Individually evaluated loans$212  —  —  $212  $(197) 
Foreclosed assets214  —  —  214  —  
Total assets measured at fair value$426  —  —  $426  $(197) 
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at March 31, 2020:
March 31, 2020Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Individually evaluated loans$105  Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales
Capitalization rate		Not meaningful
N/A
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2019:
December 31, 2019Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Individually evaluated loans$1,055  Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales
Capitalization rate
Not meaningfulN/A
Foreclosed assets (Residential real estate)$417  Sales comparison
approach		Adjustment for differences between
comparable sales
Not meaningfulN/A
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets
March 31, 2020December 31, 2019
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial assets:
Level 1 inputs:
Cash and due from banks$95,364  $95,364  $92,816  $92,816  
Cash at Federal Reserve and other banks90,102  90,102  183,691  183,691  
Level 2 inputs:
Securities held to maturity359,770  377,442  375,606  381,525  
Restricted equity securities17,250   N/A 17,250  N/A
Level 3 inputs:
Loans, net4,321,151  4,307,323  4,276,750  4,263,064  
Financial liabilities:
Level 2 inputs:
Deposits5,402,698  5,401,617  5,366,994  5,365,921  
Other borrowings19,309  19,309  18,454  18,454  
Level 3 inputs:
Junior subordinated debt57,323  56,254  57,232  56,297  

(in thousands)Contract
Amount		Fair
Value		Contract
Amount		Fair
Value
Off-balance sheet:
Level 3 inputs:
Commitments$1,296,732  $12,967  $1,309,326  $13,093  
Standby letters of credit12,084  121  12,014  120  
Overdraft privilege commitments109,752  1,098  110,402  1,104