Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2022
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	243,497	$	—	$	243,497	$	—
Mortgage-backed securities:
U.S. Government agencies	1,216,496		—		1,216,496		—
Private label	7,884		—		5,028		2,856
Trust preferred securities	3,800		—		3,800		—
Corporate securities	25,550		—		25,550		—
Marketable equity securities	7,888		3,975		3,913		—
Certificates of deposit held for investment	996		—		996		—
Derivative assets	56,688		—		56,688		—
Financial Liabilities
Derivative liabilities	43,186		—		43,186		—
Nonrecurring fair value measurements
Non-Financial Assets
Other real estate owned	946		—		—		946		(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
June 30, 2022
Assets:
Cash and cash equivalents	$	696,979	$	696,979	$	696,979	$	—	$	—
Securities available-for-sale	1,497,227		1,497,227		—		1,494,371		2,856
Marketable equity securities	7,888		7,888		3,975		3,913		—
Net loans	3,549,743		3,469,399		—		—		3,469,399
Accrued interest receivable	16,342		16,342		16,342		—		—
Derivative assets	56,688		56,688		—		56,688		—
Liabilities:
Deposits	5,141,928		4,582,619		3,610,268		972,351		—
Short-term debt	402,368		402,368		—		402,368		—
Accrued interest payable	478		478		478		—		—
Derivative liabilities	43,186		43,186		—		43,186		—
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		—