Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	255,007	$	—	$	255,007	$	—
Mortgage-backed securities:
U.S. Government agencies	1,115,093		—		1,115,093		—
Private label	8,463		—		5,268		3,195
Trust preferred securities	4,300		—		4,300		—
Corporate securities	26,650		—		26,650		—
Marketable equity securities	8,489		4,074		4,415		—
Certificates of deposit held for investment	996		—		996		—
Derivative assets	38,822		—		38,822		—
Financial Liabilities
Derivative liabilities	27,238		—		27,238		—
Nonrecurring fair value measurements
Non-Financial Assets
Other real estate owned	1,099		—		—		1,099		(20)
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)

Schedule Of Estimates Of Fair Value Of Financial Instruments

The following table represents the estimates of fair value of financial instruments (in thousands). 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, 2022
Assets:
Cash and cash equivalents	$	598,048	$	598,048	$	598,048	$	—	$	—
Securities available-for-sale	1,409,513		1,409,513		—		1,406,318		3,195
Marketable equity securities	8,489		8,489		4,074		4,415		—
Net loans	3,542,625		3,461,145		—		—		3,461,145
Accrued interest receivable	16,101		16,101		16,101		—		—
Derivative assets	38,822		38,822		—		38,822		—
Liabilities:
Deposits	4,998,845		4,991,704		3,974,286		1,017,418		—
Short-term debt	288,483		288,483		—		288,483		—
Accrued interest payable	491		491		491		—		—
Derivative liabilities	27,238		27,238		—		27,238		—
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		—