Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	272,216	$	—	$	272,216	$	—
Mortgage-backed securities:
U.S. Government agencies	1,094,311		—		1,094,311		—
Private label	9,108		—		5,647		3,461
Trust preferred securities	4,203		—		4,203		—
Corporate securities	28,327		—		28,327		—
Marketable equity securities	9,211		4,134		5,077		—
Certificates of deposit held for investment	996		—		996		—
Derivative assets	29,029		—		29,029		—
Financial Liabilities
Derivative liabilities	24,283		—		24,283		—
Nonrecurring fair value measurements
Financial Assets
Loans individually evaluated	$	—	$	—	$	—	$	—	$	(478)
Non-Financial Assets
Other real estate owned	1,319		—		—		1,319		(2)

 

	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
December 31, 2020
Recurring fair value measurements
Financial Assets
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
Loans individually evaluated	$	4,101	$	—	$	—	$	4,101	$	(1,118)
Non-Financial Assets
Other real estate owned	1,650		—		—		1,650		(292)

Schedule Of Estimates Of Fair Value Of Financial Instruments

	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
December 31, 2021
Assets:
Cash and cash equivalents	$	634,631	$	634,631	$	634,631	$	—	$	—
Securities available-for-sale	1,408,165		1,408,165		—		1,404,704		3,461
Marketable equity securities	9,211		9,211		4,134		5,077		—
Net loans	3,525,648		3,456,539		—		—		3,456,539
Accrued interest receivable	15,627		15,627		15,627		—		—
Derivative assets	29,029		29,029		—		29,029		—
Liabilities:
Deposits	4,925,336		4,926,724		3,856,421		1,070,303		—
Short-term debt	312,458		312,458		—		312,458		—
Accrued interest payable	600		600		600		—		—
Derivative liabilities	24,283		24,283		—		24,283		—
December 31, 2020
Assets:
Cash and cash equivalents	$	528,659	$	528,659	$	528,659	$	—	$	—
Securities available-for-sale	1,176,797		1,176,797		—		1,167,962		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		—