Fair Value Measurements (Tables)

12 Months Ended

Dec. 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 the Company's assets and liabilities measured at fair value (in thousands):

	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
December 31, 2020
Recurring fair value measurements
Financial Assets
U.S. Government agencies	$	—	$	—	$	—	$	—
Obligations of states and political subdivisions	277,811		—		277,811		—
Mortgage-backed securities:
U.S. Government agencies	850,384		—		850,384		—
Private label	10,892		—		6,061		4,831
Trust preferred securities	4,100		—		4,100		—
Corporate securities	33,610		—		29,606		4,004
Marketable equity securities	11,839		6,800		5,039		—
Certificates of deposit held for investment	1,992		—		1,992		—
Derivative assets	53,166		—		53,166		—
Financial Liabilities
Derivative liabilities	53,288		—		53,288		—
Nonrecurring fair value measurements
Financial Assets
Impaired loans	$	7,634	$	—	$	—	$	7,634	$	(1,118)
Non-Financial Assets
Other real estate owned	1,650		—		—		1,650		(292)

 

	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
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		—		11,485		—
Trust preferred securities	4,461		—		4,461		—
Corporate securities	32,126		—		32,126		—
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

	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
December 31, 2020
Assets:
Cash and cash equivalents	$	528,659	$	528,659	$	528,659	$	—	$	—
Securities available-for-sale	1,178,789		1,178,789		—		1,169,954		8,835
Marketable equity securities	11,839		11,839		6,800		5,039		—
Net loans	3,597,570		3,578,013		—		—		3,578,013
Accrued interest receivable	15,793		15,793		15,793		—		—
Derivative assets	53,166		53,166		—		53,166		—
Liabilities:
Deposits	4,652,216		4,665,905		3,392,194		1,273,711		—
Short-term debt	295,956		295,956		—		295,956		—
Accrued interest payable	1,586		1,586		1,586		—		—
Derivative liabilities	53,288		53,288		—		53,288		—
December 31, 2019
Assets:
Cash and cash equivalents	$	140,144	$	140,144	$	140,144	$	—	$	—
Securities available-for-sale	810,106		810,106		—		810,106		—
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		—