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Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2019
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 September 30, 2019TotalLevel 1Level 2Level 3
Marketable equity securities$2,974  $2,974  $—  $—  
Debt securities available for sale:
Obligations of U.S. government corporations and agencies495,637  —  495,637  —  
Obligations of states and political subdivisions111,910  —  111,910  —  
Corporate bonds4,528  —  4,528  —  
Asset backed securities372,005  —  372,005  —  
Loans held for sale7,604  —  7,604  —  
Mortgage servicing rights6,072  —  —  6,072  
Total assets measured at fair value$1,000,730  $2,974  $991,684  $6,072  

Fair value at December 31, 2018TotalLevel 1Level 2Level 3
Marketable equity securities$2,874  $2,874  $—  $—  
Debt securities available for sale:
Obligations of U.S. government corporations and agencies629,981  —  629,981  —  
Obligations of states and political subdivisions126,072  —  126,072  —  
Corporate bonds4,478  —  4,478  —  
Asset backed securities354,505  —  354,505  —  
Loans held for sale3,687  —  3,687  —  
Mortgage servicing rights7,098  —  —  7,098  
Total assets measured at fair value$1,128,695  $2,874  $1,118,723  $7,098  
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 September 30,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2019: Mortgage servicing rights$6,229  —  $(455) $298  $6,072  
2018: Mortgage servicing rights$7,021  —  $(37) $138  $7,122  

Nine months ended September 30,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2019: Mortgage servicing rights$7,098  —  $(1,652) $626  $6,072  
2018: Mortgage servicing rights$6,687  —  $38  $397  $7,122  
Quantitative Information about Recurring Level 3 Fair Value Measurements
The following table presents quantitative information about recurring Level 3 fair value measurements at September 30, 2019 and December 31, 2018:
As of September 30, 2019:Fair Value
(in thousands)		Valuation
Technique		Unobservable
Inputs		Range,
Weighted
Average
Mortgage Servicing Rights$6,072  Discounted cash flowConstant prepayment rate
7% - 42%; 11%
Discount rate
10% - 14%; 12%
As of December 31, 2018:
Mortgage Servicing Rights$7,098  Discounted cash flowConstant prepayment rate
5% - 27.3%; 7.6%
Discount rate
12% - 13%; 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):
September 30, 2019TotalLevel 1Level 2Level 3Total Gains
(Losses)
Fair value:
Impaired Originated & PNCI loans$1,055  —  —  $1,055  $(652) 
Foreclosed assets417  —  —  417  (27) 
Total assets measured at fair value$1,472  —  —  $1,472  $(679) 

December 31, 2018TotalLevel 1Level 2Level 3Total Gains
(Losses)
Fair value:
Impaired Originated & PNCI loans$281  —  —  $281  $(294) 
Foreclosed assets1,311  —  —  1,311  (8) 
Total assets measured at fair value$1,592  —  —  $1,592  $(302) 
September 30, 2018TotalLevel 1Level 2Level 3Total Gains
(Losses)
Fair value:
Impaired Originated & PNCI loans$445  —  —  $445  $(808) 
Foreclosed assets863  —  —  863  (23) 
Total assets measured at fair value$1,308  —  —  $1,308  $(831) 
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 September 30, 2019:
September 30, 2019Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Impaired Originated & PNCI loans$1,055  Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales
Capitalization rate		Not meaningful
N/A 		 
Foreclosed assets (Residential real estate)$417  Sales comparison
approach		Adjustment for differences between
comparable sales		Not meaningful  
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, 2018:
December 31, 2018Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Impaired Originated & PNCI loans$281  Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales
Capitalization rate
(16.30)% - 35.14%; 10.45% N/A
Foreclosed assets (Residential real estate)$693  Sales comparison
approach		Adjustment for differences between
comparable sales
(21.83)% - 7.25%; (3.75)%
Foreclosed assets (Commercial real estate)$618  Sales comparison
approach		Adjustment for differences between
comparable sales
(65)% - 20%; (45)%
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets
September 30, 2019December 31, 2018
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial assets:
Level 1 inputs:
Cash and due from banks$118,960  $118,960  $119,781  $119,781  
Cash at Federal Reserve and other banks140,087  140,087  107,752  107,752  
Level 2 inputs:
Securities held to maturity393,449  399,699  444,936  437,370  
Restricted equity securities17,250   N/A 17,250  N/A
Loans held for sale7,604  7,604  3,687  4,616  
Level 3 inputs:
Loans, net4,150,811  4,137,528  3,989,432  4,006,986  
Financial liabilities:
Level 2 inputs:
Deposits5,295,407  5,294,348  5,366,466  5,362,173  
Other borrowings16,423  16,423  15,839  15,839  
Level 3 inputs:
Junior subordinated debt57,180  56,209  57,042  62,610  

(in thouands)Contract
Amount		Fair
Value		Contract
Amount		Fair
Value
Off-balance sheet:
Level 3 inputs:
Commitments$1,210,427  $12,104  $1,192,054  $11,921  
Standby letters of credit12,368  124  11,346  113  
Overdraft privilege commitments111,187  1,112  111,956  1,120