Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis

The following table presents assets and liabilities measured at fair value (in thousands):

	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
September 30, 2019
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	1,304	$	—	$	1,304	$	—
Obligations of states and political subdivisions	115,939		—		115,939		—
Mortgage-backed securities:
U.S. Government agencies	630,762		—		630,762		—
Private label	11,850		—		11,850		—
Trust preferred securities	4,219		—		3,958		261
Corporate securities	32,366		—		32,366		—
Marketable equity securities	11,719		7,108		4,611		—
Certificates of deposit held for investment	2,490		—		2,490		—
Derivative assets	24,835		—		24,835		—
Financial Liabilities
Derivative liabilities	24,954		—		24,954		—
Nonrecurring fair value measurements
Financial Assets
Impaired loans	$	8,900	$	—	$	—	$	8,900	$	(455	)
Non-Financial Assets
Other real estate owned	2,326		—		—		2,326		(470		)
Other assets	100		—		—		100		(397		)
December 31, 2018
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	5,733	$	—	$	5,733	$	—
Obligations of states and political subdivisions	128,070		—		128,070		—
Mortgage-backed securities:
U.S. Government agencies	550,758		—		550,758		—
Private label	12,043		—		12,043		—
Trust preferred securities	4,799		—		4,538		261
Corporate securities	16,658		—		16,658		—
Marketable equity securities	11,771		7,365		4,406		—
Certificates of deposit held for investment	3,735		—		3,735		—
Derivative assets	17,100		—		17,100		—
Financial Liabilities
Derivative liabilities	16,905		—		16,905		—
Nonrecurring fair value measurements
Financial Assets
Impaired loans	$	10,078	$	—	$	—	$	10,078	$	(428	)
Non-Financial Assets
Other real estate owned	4,608		—		—		4,608		(838		)
Other assets	600		—		—		600		(492		)

Schedule Of Estimates Of Fair Value Of Financial Instruments

The following table represents the estimates of fair value of financial instruments (in thousands). This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity.

	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
September 30, 2019
Assets:
Cash and cash equivalents	$	116,194	$	116,194	$	116,194	$	—	$	—
Securities available-for-sale	798,930		798,930		—		798,669		261
Securities held-to-maturity	51,211		52,845		—		52,845		—
Marketable equity securities	11,719		11,719		7,108		4,611		—
Net loans	3,569,385		3,570,586		—		—		3,570,586
Accrued interest receivable	12,929		12,929		12,929		—		—
Derivative assets	24,835		24,835		—		24,835		—
Liabilities:
Deposits	4,029,578		4,049,150		2,674,791		1,374,359		—
Short-term debt	202,622		202,622		—		202,622		—
Long-term debt	4,055		4,117		—		4,117		—
Accrued interest payable	2,908		2,908		2,908		—		—
Derivative liabilities	24,954		24,954		—		24,954		—
December 31, 2018
Assets:
Cash and cash equivalents	122,991		122,991		122,991		—		—
Securities available-for-sale	721,796		721,796		—		721,535		261
Securities held-to-maturity	60,827		60,706		—		60,706		—
Marketable equity securities	11,771		11,771		7,365		4,406		—
Net loans	3,571,642		3,516,557		—		—		3,516,557
Accrued interest receivable	12,424		12,424		12,424		—		—
Derivative assets	17,100		17,100		—		17,100		—
Liabilities:
Deposits	3,975,559		3,985,534		2,622,905		1,362,629		—
Short-term debt	261,911		261,911		—		261,911		—
Long-term debt	4,053		4,115		—		4,115		—
Accrued interest payable	2,117		2,117		2,117		—		—
Derivative liabilities	16,905		16,905		—		16,905		—