Disclosures About Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of fair value measurements of assets and liabilities recognized in Consolidated Condensed Balance Sheets measured at fair value

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the ASC 820-10 fair value hierarchy in which the fair value measurements fall at September 30, 2019, and December 31, 2018.

			Fair Value Measurements Using:
September 30, 2019	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available for sale securities:
U.S. Government-sponsored agency securities	$	48,977	$	—	$	48,977	$	—
State and municipal	796,875		—		794,014		2,861
U.S. Government-sponsored mortgage-backed securities	800,516		—		800,512		4
Corporate obligations	31		—		—		31
Interest rate swap asset	37,899		—		37,899		—
Interest rate swap liability	39,629		—		39,629		—

			Fair Value Measurements Using:
December 31, 2018	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Available for sale securities:
U.S. Government-sponsored agency securities	$	13,582	$	—	$	13,582	$	—
State and municipal	606,135		—		602,842		3,293
U.S. Government-sponsored mortgage-backed securities	522,447		—		522,443		4
Corporate obligations	31		—		—		31
Interest rate swap and cap asset	12,083		—		12,083		—
Interest rate swap liability	12,636		—		12,636		—

Schedule of reconciliation of beginning and ending balances of recurring fair value measurements recognized in Consolidated Condensed Balance Sheets using significant unobservable Level 3 inputs

The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the accompanying

balance sheets using significant unobservable Level 3 inputs for the three and nine months ended September 30, 2019 and 2018.

	Available for Sale Securities
	Three Months Ended						Nine Months Ended
	September 30, 2019			September 30, 2018			September 30, 2019			September 30, 2018
Balance at beginning of the period	$	2,975		$	3,970		$	3,328		$	3,978
Included in other comprehensive income	6			(35		)	85			(59		)
Principal payments	(85		)	(620		)	(517		)	(604		)
Ending balance	$	2,896		$	3,315		$	2,896		$	3,315

Schedule of description of valuation methodologies used for instruments measured at fair value on a non-recurring basis and recognized in Consolidated Condensed Balance Sheets

Following is a description of valuation methodologies used for instruments measured at fair value on a non-recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such instruments pursuant to the valuation hierarchy for September 30, 2019, and December 31, 2018.

			Fair Value Measurements Using
September 30, 2019	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	6,939	$	—	$	—	$	6,939
Other real estate owned	220		—		—		220

			Fair Value Measurements Using
December 31, 2018	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable  Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	11,866	$	—	$	—	$	11,866
Other real estate owned	657		—		—		657

Schedule of unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements other than goodwill

The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements, other than goodwill, at September 30, 2019 and December 31, 2018.

September 30, 2019	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted-Average)
State and municipal securities	$	2,861	Discounted cash flow	Maturity/Call date	1 month to 15 yrs
				US Muni BQ curve	A- to BBB-
				Discount rate	2% - 5%
Corporate obligations and U.S. Government-sponsored mortgage backed securities	$	35	Discounted cash flow	Risk free rate	3 month LIBOR
				plus premium for illiquidity	plus 200bps
Impaired loans (collateral dependent)	$	6,939	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0% - 10% (2%)
Other real estate owned	$	220	Appraisals	Discount to reflect current market conditions	0% - 51% (31%)

December 31, 2018	Fair Value		Valuation Technique	Unobservable Inputs	Range (Weighted-Average)
State and municipal securities	$	3,293	Discounted cash flow	Maturity/Call date	1 month to 20 yrs
				US Muni BQ curve	A- to BBB-
				Discount rate	.69% - 5%
Corporate obligations and equity securities	$	35	Discounted cash flow	Risk free rate	3 month LIBOR
				plus premium for illiquidity	plus 200bps
Impaired loans (collateral dependent)	$	11,866	Collateral based measurements	Discount to reflect current market conditions and ultimate collectability	0% - 10% (6%)
Other real estate owned	$	657	Appraisals	Discount to reflect current market conditions	0% - 10% (4%)

Schedule of estimated fair values of financial instruments

The following table presents estimated fair values of the Corporation’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall at September 30, 2019, and December 31, 2018.

			September 30, 2019
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Carrying Amount		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and cash equivalents	$	202,383	$	202,383	$	—	$	—
Interest-bearing time deposits	230,101		230,101		—		—
Investment securities available for sale	1,646,399		—		1,643,503		2,896
Investment securities held to maturity	843,021		—		832,750		32,536
Loans held for sale	7,910		—		7,910		—
Loans	8,218,689		—		—		8,206,069
Federal Home Loan Bank stock	28,736		—		28,736		—
Interest rate swap asset	37,899		—		37,899		—
Interest receivable	45,923		—		45,923		—
Liabilities:
Deposits	$	9,765,451	$	7,992,716	$	1,752,081	$	—
Borrowings:
Federal funds purchased	—		—		—		—
Securities sold under repurchase agreements	191,603		—		191,603		—
Federal Home Loan Bank advances	354,609		—		357,166		—
Subordinated debentures and term loans	138,630		—		124,453		—
Interest rate swap liability	39,629		—		39,629		—
Interest payable	7,855		—		7,855		—

			December 31, 2018
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Carrying Amount		(Level 1)		(Level 2)		(Level 3)
Assets:
Cash and cash equivalents	$	139,247	$	139,247	$	—	$	—
Interest-bearing time deposits	36,963		36,963		—		—
Investment securities available for sale	1,142,195		—		1,138,867		3,328
Investment securities held to maturity	490,387		—		481,377		7,840
Loans held for sale	4,778		—		4,778		—
Loans	7,143,915		—		—		7,004,193
Federal Home Loan Bank stock	24,588		—		24,588		—
Interest rate swap and cap asset	12,083		—		12,083		—
Interest receivable	40,881		—		40,881		—
Liabilities:
Deposits	$	7,754,593	$	6,267,879	$	1,464,129	$	—
Borrowings:
Federal funds purchased	104,000		—		104,000		—
Securities sold under repurchase agreements	113,512		—		113,437		—
Federal Home Loan Bank advances	314,986		—		318,728		—
Subordinated debentures and term loans	138,463		—		127,298		—
Interest rate swap liability	12,636		—		12,636		—
Interest payable	5,607		—		5,607		—