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Fair Value (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value on a recurring basis, including financial assets and liabilities for which the Company has elected the fair value option, are summarized below:
 Fair Value Measurements at March 31, 2022 Using
 Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant
Unobservable
 Inputs (Level 3)
Total
Assets:
Obligations of State and Political Subdivisions$— $879,769 $100 $879,869 
MBS/CMO— 828,304 — 828,304 
US Gov’t Sponsored Entities & Agencies— 215,447 — 215,447 
Total Securities$— $1,923,520 $100 $1,923,620 
Loans Held-for-Sale$— $12,675 $— $12,675 
Derivative Assets$— $3,473 $— $3,473 
Derivative Liabilities$— $3,501 $— $3,501 
 Fair Value Measurements at December 31, 2021 Using
 Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant
Unobservable  Inputs (Level 3)
Total
Assets:
Obligations of State and Political Subdivisions$— $925,706 $— $925,706 
MBS/CMO— 791,950 — 791,950 
US Gov’t Sponsored Entities & Agencies— 171,961 — 171,961 
Total Securities$— $1,889,617 $— $1,889,617 
Loans Held-for-Sale$— $10,585 $— $10,585 
Derivative Assets$— $4,519 $— $4,519 
Derivative Liabilities$— $4,762 $— $4,762 
Schedule of Aggregate Fair Value, Contractual Balance and Gain (Loss) of Loans Held-for-Sale
As of March 31, 2022 and December 31, 2021, the aggregate fair value, contractual balance (including accrued interest), and gain or loss on Loans Held-for-Sale was as follows:
March 31, 2022December 31, 2021
Aggregate Fair Value$12,675 $10,585 
Contractual Balance12,426 10,296 
Gain (Loss)249 289 
Schedule of Reconciliation of all Assets Measured at Fair Value on Recurring Basis, Using Significant Unobservable Inputs (Level 3)
The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2022 and 2021:
 Obligations of State and Political Subdivisions
 20222021
Balance of Recurring Level 3 Assets at January 1$— $497 
Total Losses Included in Other Comprehensive Income— (2)
Maturities / Calls— (495)
Acquired through Bank Acquisition100 — 
Balance of Recurring Level 3 Assets at March 31$100 $— 
Schedule of Assets and Liabilities Measured at Fair Value on Non-Recurring Basis
Assets and liabilities measured at fair value on a non-recurring basis are summarized below:
 Fair Value Measurements at March 31, 2022 Using
 Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable 
Inputs (Level 3)
Total
Assets:    
Individually Analyzed Loans    
Commercial and Industrial Loans$— $— $4,421 $4,421 
Commercial Real Estate Loans$— $— $21,786 $21,786 
Agricultural Loans$— $— $3,079 $3,079 
Consumer Loans$— $— $$
Home Equity Loans$— $— $346 $346 
Residential Mortgage Loans$— $— $224 $224 

Fair Value Measurements at December 31, 2021 Using
Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable 
Inputs (Level 3)
Total
Assets:
Individually Analyzed Loans
Commercial and Industrial Loans$— $— $4,423 $4,423 
Commercial Real Estate Loans$— $— $1,672 $1,672 
Agricultural Loans$— $— $79 $79 
Consumer Loans$— $— $— $— 
Home Equity Loans$— $— $345 $345 
Residential Mortgage Loans$— $— $— $— 
Schedule of Fair Value Assets and Liabilities Measured on Nonrecurring Basis Valuation Techniques
The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2022 and December 31, 2021:
March 31, 2022Fair ValueValuation Technique(s)Unobservable Input(s)Range (Weighted Average)
Individual Analyzed Loans -
    Commercial and Industrial Loans
$4,421 Sales comparison approachAdjustment for physical condition of comparable properties sold
11%-100%
(44%)
Individual Analyzed Loans -
    Commercial Real Estate Loans
$21,786 Sales comparison approachAdjustment for physical condition of comparable properties sold
20%-100%
(33%)
Individual Analyzed Loans -
    Agricultural Loans
$3,079 Sales comparison approachAdjustment for physical condition of comparable properties sold
20%-100%
(34%)
Individual Analyzed Loans -
    Consumer Loans
$Sales comparison approachAdjustment for physical condition of comparable properties sold
50%75%
(69%)
Individual Analyzed Loans -
    Home Equity Loans
$346 Sales comparison approachAdjustment for physical condition of comparable properties sold
—%-38%
(24%)
Individual Analyzed Loans -
    Residential Mortgage Loans
$224 Sales comparison approachAdjustment for physical condition of comparable properties sold
14%-50%
(30%)

December 31, 2021Fair ValueValuation Technique(s)Unobservable Input(s)Range (Weighted Average)
Individual Analyzed Loans -
    Commercial and Industrial Loans
$4,423 Sales comparison approachAdjustment for physical condition of comparable properties sold
30%-100%
(69%)
Individual Analyzed Loans -
    Commercial Real Estate Loans
$1,672 Sales comparison approachAdjustment for physical condition of comparable properties sold
30%-100%
(46%)
Individual Analyzed Loans -
    Agricultural Loans
$79 Sales comparison approachAdjustment for physical condition of comparable properties sold
30%-96%
(90%)
Individual Analyzed Loans -
    Consumer Loans
$— Sales comparison approachAdjustment for physical condition of comparable properties sold
 100%
(100%)
Individual Analyzed Loans -
    Home Equity Loans
$345 Sales comparison approachAdjustment for physical condition of comparable properties sold
20%-23%
(22%)
Individual Analyzed Loans -
    Residential Mortgage Loans
$— Sales comparison approachAdjustment for physical condition of comparable properties sold
—%-—%
(—%)
Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments
The carrying amounts and estimated fair values of the Company’s financial instruments not previously presented are provided in the tables below for the periods ending March 31, 2022 and December 31, 2021. Not all of the Company’s assets and liabilities are considered financial instruments, and therefore are not included in the tables. Because no active market exists for a significant portion of the Company’s financial instruments, fair value estimates were based on subjective judgments, and therefore cannot be determined with precision.
  Fair Value Measurements at
March 31, 2022 Using
 Carrying ValueLevel 1Level 2Level 3Total
Financial Assets:     
Cash and Short-term Investments$670,592 $60,477 $610,115 $— $670,592 
Interest Bearing Time Deposits with Banks995 — 995 — 995 
Loans, Net3,577,516 — — 3,570,214 3,570,214 
Accrued Interest Receivable22,892 — 10,513 12,379 22,892 
Financial Liabilities:
Demand, Savings, and Money Market Deposits(5,316,726)(5,316,726)— — (5,316,726)
Time Deposits(512,884)— (514,394)— (514,394)
Short-term Borrowings(53,736)— (53,736)— (53,736)
Long-term Debt(102,388)— (27,527)(74,020)(101,547)
Accrued Interest Payable(1,319)— (1,301)(18)(1,319)

  Fair Value Measurements at
December 31, 2021 Using
 Carrying ValueLevel 1Level 2Level 3Total
Financial Assets:     
Cash and Short-term Investments$396,890 $47,173 $349,717 $— $396,890 
Interest Bearing Time Deposits with Banks745 — 745 — 745 
Loans, Net2,960,728 — — 2,980,555 2,980,555 
Accrued Interest Receivable20,229 — 9,213 11,016 20,229 
Financial Liabilities:
Demand, Savings, and Money Market Deposits(4,397,217)(4,397,217)— — (4,397,217)
Time Deposits(347,099)— (347,876)— (347,876)
Short-term Borrowings(68,328)— (68,328)— (68,328)
Long-term Debt(83,855)— (28,320)(58,303)(86,623)
Accrued Interest Payable(613)— (579)(34)(613)