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Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2021
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 December 31, 2021TotalLevel 1Level 2Level 3
Marketable equity securities$2,938 $2,938 $— $— 
Debt securities available for sale:
Obligations of U.S. government agencies1,257,389 — 1,257,389 — 
Obligations of states and political subdivisions192,244 — 192,244 — 
Corporate bonds6,756 — 6,756 — 
Asset backed securities751,549 — 751,549 — 
Loans held for sale3,466 — 3,466 — 
Mortgage servicing rights5,874 — — 5,874 
Total assets measured at fair value$2,220,216 $2,938 $2,211,404 $5,874 
Fair value at December 31, 2020TotalLevel 1Level 2Level 3
Marketable equity securities$3,025 $3,025 $— $— 
Debt securities available for sale:
Obligations of U.S. government agencies812,374 — 812,374 — 
Obligations of states and political subdivisions129,095 — 129,095 — 
Corporate bonds2,544 — 2,544 — 
Asset backed securities470,251 — 470,251 — 
Loans held for sale6,268 — 6,268 — 
Mortgage servicing rights5,092 — — 5,092 
Total assets measured at fair value$1,428,649 $3,025 $1,420,532 $5,092 
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 years ended December 31, 2021, 2020, and 2019. Had there been any transfer into or out of Level 3 during 2021, 2020, or 2019, 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):
Year ended December 31,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2021: Mortgage servicing rights$5,092 — $(872)$1,654 $5,874 
2020: Mortgage servicing rights$6,200 — $(2,634)$1,526 $5,092 
2019: Mortgage servicing rights$7,098 — $(1,811)$913 $6,200 
Quantitative Information about Recurring Level 3 Fair Value Measurements The following table presents quantitative information about recurring Level 3 fair value measurements at December 31, 2021 and 2020:
December 31, 2021Fair Value
(in thousands)		Valuation
Technique		Unobservable
Inputs		Range,
Weighted
Average
Mortgage Servicing Rights$5,874Discounted
cash flow		Constant
prepayment rate
187%-264%, 208%
Discount rate
10%-14%, 12%
December 31, 2020
Mortgage Servicing Rights$5,092Discounted
cash flow		Constant
prepayment rate
240%-333%, 294%
Discount rate
10%-14%, 12%
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated, that had a write-down or an additional allowance provided during the periods indicated (in thousands):
Year ended December 31, 2021TotalLevel 1Level 2Level 3Total Gains
(Losses)
Fair value:
Impaired loans$3,683 $3,683 $(1,105)
Year ended December 31, 2020TotalLevel 1Level 2Level 3Total Gains
(Losses)
Fair value:
Impaired loans$1,424 — — $1,424 $(1,489)
Real estate owned979 — — 979 155 
Total assets measured at fair value$2,403 — — $2,403 $(1,334)
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 December 31, 2021 and 2020:
December 31, 2021Fair Value
(in thousands)		Valuation TechniqueUnobservable InputsRange,
Weighted Average
Impaired loans$3,683 Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales; Capitalization rate		Not meaningful;
N/A
December 31, 2020Fair Value
(in thousands)		Valuation TechniqueUnobservable InputsRange,
Weighted Average
Impaired loans$1,424 Sales comparison
approach Income
approach		Adjustment for differences between
comparable sales Capitalization rate		Not meaningful;
N/A
Real estate owned (Residential)$824 Sales comparison
approach		Adjustment for differences between
comparable sales		Not meaningful;
N/A
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets
The estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, were as follows (in thousands):
December 31, 2021December 31, 2020
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial assets:
Level 1 inputs:
Cash and due from banks$57,032 $57,032 $77,253 $77,253 
Cash at Federal Reserve and other banks711,389 711,389 592,298 592,298 
Level 2 inputs:
Securities held to maturity199,759 208,140 284,563 298,726 
Restricted equity securities17,250 N/A17,250 N/A
Level 3 inputs:
Loans, net
4,831,248 4,880,044 4,671,280 4,753,027 
Financial liabilities:
Level 2 inputs:
Deposits7,367,159 7,366,422 6,505,934 6,507,235 
Other borrowings50,087 50,087 26,914 26,914 
Level 3 inputs:
Junior subordinated debt58,079 57,173 57,635 56,632 
Contract
Amount		Fair
Value		Contract
Amount		Fair
Value
Off-balance sheet:
Level 3 inputs:
Commitments (1)
$1,586,068 $15,861 $1,426,827 $14,268 
Standby letters of credit (1)
21,871 219 15,056 151 
Overdraft privilege commitments (1)
125,670 1,257 110,813 1,108