Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

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)
March 31, 2020
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	502	$	—	$	502	$	—
Obligations of states and political subdivisions	125,950		—		125,950		—
Mortgage-backed securities:
U.S. Government agencies	759,465		—		759,465		—
Private label	10,862		—		5,600		5,262
Trust preferred securities	3,400		—		3,400		—
Corporate securities	31,693		—		27,619		4,074
Marketable equity securities	10,233		6,073		4,160		—
Certificates of deposit held for investment	2,241		—		2,241		—
Derivative assets	62,118		—		62,118		—
Financial Liabilities
Derivative liabilities	62,462		—		62,462		—
Nonrecurring fair value measurements
Financial Assets
Impaired loans	$	9,540	$	—	$	—	$	9,540	$	(229)
Non-Financial Assets
Other real estate owned	3,922		—		—		3,922		(79)
December 31, 2019
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	502	$	—	$	502	$	—
Obligations of states and political subdivisions	117,187		—		117,187		—
Mortgage-backed securities:
U.S. Government agencies	642,104		—		642,104		—
Private label	11,485		—		5,841		5,644
Trust preferred securities	4,461		—		4,461		—
Corporate securities	32,126		—		28,064		4,062
Marketable equity securities	12,634		7,787		4,847		—
Certificates of deposit held for investment	2,241		—		2,241		—
Derivative assets	19,310		—		19,310		—
Financial Liabilities
Derivative liabilities	19,380		—		19,380		—
Nonrecurring fair value measurements
Financial Assets
Impaired loans	$	8,925	$	—	$	—	$	8,925	$	(87)
Non-Financial Assets
Other real estate owned	4,670		—		—		4,670		(470)
Other assets	100		—		—		100		(297)

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
March 31, 2020
Assets:
Cash and cash equivalents	$	110,636	$	110,636	$	110,636	$	—	$	—
Securities available-for-sale	934,113		934,113		—		924,777		9,336
Marketable equity securities	10,233		10,233		6,073		4,160		—
Net loans	3,588,657		3,576,504		—		—		3,576,504
Accrued interest receivable	12,570		12,570		12,570		—		—
Derivative assets	62,118		62,118		—		62,118		—
Liabilities:
Deposits	4,052,053		4,081,662		2,685,076		1,396,586		—
Short-term debt	234,147		224,247		—		224,247		—
Long-term debt	—		—		—		—		—
Accrued interest payable	2,613		2,613		2,613		—		—
Derivative liabilities	62,462		62,462		—		62,462		—
December 31, 2019
Assets:
Cash and cash equivalents	140,144		140,144		140,144		—		—
Securities available-for-sale	810,106		810,106		—		800,400		9,706
Securities held-to-maturity	49,036		50,598		—		50,598		—
Marketable equity securities	12,634		12,634		7,787		4,847		—
Net loans	3,604,510		3,574,435		—		—		3,574,435
Accrued interest receivable	11,569		11,569		11,569		—		—
Derivative assets	19,310		19,310		—		19,310		—
Liabilities:
Deposits	4,075,894		4,094,493		2,711,323		1,383,170		—
Short-term debt	211,255		211,255		—		211,255		—
Long-term debt	4,056		4,124		—		4,124		—
Accrued interest payable	2,849		2,849		2,849		—		—
Derivative liabilities	19,380		19,380		—		19,380		—