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Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30, 2022TotalLevel 1Level 2Level 3
Marketable equity securities$2,706 $2,706 $— $— 
Debt securities available for sale:
Obligations of U.S. government corporations and agencies1,536,831 — 1,536,831 — 
Obligations of states and political subdivisions303,694 — 303,694 — 
Corporate bonds7,544 — 7,544 — 
Asset backed securities434,192 — 434,192 — 
Non-agency collateralized mortgage obligations323,804 — 323,804 — 
Loans held for sale1,216 — 1,216 — 
Mortgage servicing rights6,667 — — 6,667 
Total assets measured at fair value$2,616,654 $2,706 $2,607,281 $6,667 
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 corporations and agencies1,257,389 — 1,257,389 — 
Obligations of states and political subdivisions192,244 — 192,244 — 
Corporate bonds6,756 — 6,756 — 
Asset backed securities409,552 — 409,552 — 
Non-agency collateralized mortgage obligations341,997 — 341,997 — 
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 
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 June 30,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2022: Mortgage servicing rights$6,405 — $136 $126 $6,667 
2021: Mortgage servicing rights$5,607 — $(471)$467 $5,603 
Quantitative Information about Recurring Level 3 Fair Value Measurements The following table presents quantitative information about recurring Level 3 fair value measurements at June 30, 2022 and December 31, 2021:
As of June 30, 2022:Fair Value
(in thousands)		Valuation
Technique		Unobservable
Inputs		Range,
Weighted
Average
Mortgage Servicing Rights$6,667 Discounted cash flowConstant prepayment rate
8% - 15%; 8.4%
Discount rate
10% - 14%; 12%
As of December 31, 2021:
Mortgage Servicing Rights$5,874 Discounted cash flowConstant prepayment rate
11% - 15.8%; 12.5%
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):
June 30, 2022TotalLevel 1Level 2Level 3Total Gains (Losses)
Fair value:
Foreclosed assets375 — — 375 98 
Total assets measured at fair value$375 $— $— $375 $98 
December 31, 2021TotalLevel 1Level 2Level 3Total Losses
Fair value:
Individually evaluated loans$3,683 — — $3,683 $(1,105)
Foreclosed assets— — — — — 
Total assets measured at fair value$3,683 — — $3,683 $(1,105)

June 30, 2021TotalLevel 1Level 2Level 3Total Losses
Fair value:
Individually evaluated loans$4,912 — — $4,912 $(1,604)
Foreclosed assets123 — — 123 21 
Total assets measured at fair value$5,035 — — $5,035 $(1,583)
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 June 30, 2022:
June 30, 2022Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Foreclosed assets (Residential real estate)$375 Sales comparison
approach		Adjustment for differences between
comparable sales
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, 2021:
December 31, 2021Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Individually evaluated loans$3,683 Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales;
Capitalization rate
Not meaningful
N/A
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets
June 30, 2022December 31, 2021
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial assets:
Level 1 inputs:
Cash and due from banks$49,630 $49,630 $57,032 $57,032 
Cash at Federal Reserve and other banks439,238 439,238 711,389 711,389 
Level 2 inputs:
Securities held to maturity176,794 171,142 199,759 208,140 
Restricted equity securities17,250 N/A17,250 N/A
Level 3 inputs:
Loans, net6,015,477 6,050,367 4,831,248 4,880,044 
Financial liabilities:
Level 2 inputs:
Deposits8,756,775 8,751,521 7,367,159 7,366,422 
Other borrowings35,089 35,089 50,087 50,087 
Level 3 inputs:
Junior subordinated debt101,003 106,750 58,079 57,173 
(in thousands)Contract
Amount		Fair
Value		Contract
Amount		Fair
Value
Off-balance sheet:
Level 3 inputs:
Commitments$2,041,591 $20,416 $1,586,068 $15,861 
Standby letters of credit38,633 386 21,871 219 
Overdraft privilege commitments123,278 1,233 125,670 1,257