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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis The following tables present our assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented:
June 30, 2023
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$131,235 $— $— $131,235 
Obligations of U.S. government corporations and agencies— 41,865 — 41,865 
Collateralized mortgage obligations of U.S. government corporations and agencies— 428,889 — 428,889 
Residential mortgage-backed securities of U.S. government corporations and agencies— 39,780 — 39,780 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 297,278 — 297,278 
Obligations of states and political subdivisions— 30,378 — 30,378 
Total Available-for-Sale Debt Securities131,235 838,190 — 969,425 
Marketable equity securities899 48 — 947 
Total Securities Available for Sale132,134 838,238 — 970,372 
Securities held in a deferred compensation plan8,625 — — 8,625 
Derivative financial assets:
Interest rate swaps - commercial loans— 81,968 — 81,968 
Total Assets$140,759 $920,206 $— $1,060,965 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $81,968 $— $81,968 
Interest rate swaps - cash flow hedge— 23,595 — 23,595 
Total Liabilities$— $105,563 $— $105,563 
December 31, 2022
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$131,695 $— $— $131,695 
Obligations of U.S. government corporations and agencies— 41,811 — 41,811 
Collateralized mortgage obligations of U.S. government corporations and agencies— 428,407 — 428,407 
Residential mortgage-backed securities of U.S. government corporations and agencies— 41,587 — 41,587 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 327,313 — 327,313 
Corporate obligations— 500 — 500 
Obligations of states and political subdivisions— 30,471 — 30,471 
Total Available-for-Sale Debt Securities131,695 870,089 — 1,001,784 
Marketable equity securities952 42 — 994 
Total Securities Available for Sale132,647 870,131 — 1,002,778 
Securities held in a deferred compensation plan8,087 — — 8,087 
Derivative financial assets:
Interest rate swaps - commercial loans— 83,449 — 83,449 
Interest rate lock commitments— — 5 5 
Forward sale contracts - mortgage loans— — 2 2 
Total Assets$140,734 $953,580 $7 $1,094,321 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $83,449 $— $83,449 
Interest rate swaps - cash flow hedge— 21,368 — 21,368 
Total Liabilities$— $104,817 $— $104,817 
Schedule of Carrying Values and Fair Values of Financial Instruments
The following tables present the carrying values and fair values of our financial instruments at the dates presented:
Carrying
Value(1)
Fair Value Measurements at June 30, 2023
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$227,867 $227,867 $227,867 $— $— 
Securities available for sale970,372 970,372 132,134 838,238 
Loans held for sale541 541 — 541 — 
Portfolio loans, net7,213,854 6,888,525 6,888,525 
Collateral receivable8,761 8,761 8,761 — — 
Securities held in a deferred compensation plan8,625 8,625 8,625 — — 
Mortgage servicing rights6,731 9,506 — — 9,506 
Interest rate swaps - commercial loans81,968 81,968 — 81,968 — 
LIABILITIES
Deposits$7,141,210 $7,120,051 $5,808,064 $1,311,987 $— 
Collateral payable62,449 62,449 62,449 — — 
Short-term borrowings530,000 530,000 — 530,000 — 
Long-term borrowings39,513 38,985 — 38,985 — 
Junior subordinated debt securities54,483 54,483 — 54,483 — 
Interest rate swaps - commercial loans81,968 81,968 — 81,968 — 
Interest rate swaps - cash flow hedge23,595 23,595 — 23,595 — 
(1) As reported in the Consolidated Balance Sheets
Carrying
Value(1)
Fair Value Measurements at December 31, 2022
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$210,009 $210,009 $210,009 $— $— 
Securities available for sale1,002,778 1,002,778 132,647 870,131 — 
Loans held for sale16 16 — 16 — 
Portfolio loans, net7,082,629 6,815,167 — — 6,815,167 
Collateral receivable6,307 6,307 6,307 — — 
Securities held in a deferred compensation plan8,087 8,087 8,087 — — 
Mortgage servicing rights7,147 9,994 — — 9,994 
Interest rate swaps - commercial loans83,449 83,449 — 83,449 — 
Interest rate lock commitments5 5 — — 5 
Forward sale contracts2 2 — — 2 
LIABILITIES
Deposits$7,219,970 $7,194,225 $6,285,377 $908,848 $— 
Collateral payable65,065 65,065 65,065 — — 
Short-term borrowings370,000 370,000 — 370,000 — 
Long-term borrowings14,741 14,174 — 14,174 — 
Junior subordinated debt securities54,453 54,453 — 54,453 — 
Interest rate swaps - commercial loans83,449 83,449 — 83,449 — 
Interest rate swaps - cash flow hedge21,368 21,368 — 21,368 — 
(1) As reported in the Consolidated Balance Sheets