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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Carrying value and estimated fair values of entity's financial instruments
The carrying value and estimated fair values of the Company's financial instruments as of September 30, 2020 are as follows:
 September 30, 2020
 Carrying
Amount		Estimated Fair
Value		Readily
Available
Market
Prices(1)		Observable
Market
Prices(2)		Company
Determined
Market
Prices(3)
 (Amounts In Thousands)
Financial instrument assets:
Cash and cash equivalents$560,738 $560,738 $560,738 $— $— 
Investment securities386,628 386,628 151,835 234,793 — 
Loans held for sale27,980 27,980 — 27,980 — 
Loans     
Agricultural93,726 94,086 — — 94,086 
Commercial and financial330,118 330,164 — — 330,164 
Real estate:    
Construction, 1 to 4 family residential69,639 69,819 — — 69,819 
Construction, land development and commercial112,865 112,610 — — 112,610 
Mortgage, farmland239,641 238,974 — — 238,974 
Mortgage, 1 to 4 family first liens890,560 896,881 — — 896,881 
Mortgage, 1 to 4 family junior liens129,948 127,667 — — 127,667 
Mortgage, multi-family366,800 367,834 — — 367,834 
Mortgage, commercial412,116 413,699 — — 413,699 
Loans to individuals29,832 30,070 — — 30,070 
Obligations of state and political subdivisions55,785 56,945 — — 56,945 
Accrued interest receivable13,731 13,731 — 13,731 — 
Total financial instrument assets$3,720,107 $3,727,826 $712,573 $276,504 $2,738,749 
Financial instrument liabilities     
Deposits     
Noninterest-bearing deposits$500,272 $500,272 $— $500,272 $— 
Interest-bearing deposits2,614,279 2,630,803 — 2,630,803 — 
Other borrowings43 43 — 43 — 
Federal Home Loan Bank borrowings185,000 185,869 — 185,869 — 
Interest rate swaps3,075 3,075 — 3,075 — 
Accrued interest payable2,198 2,198 — 2,198 — 
Total financial instrument liabilities$3,304,867 $3,322,260 $— $3,322,260 $— 
 Face Amount    
Financial instrument with off-balance sheet risk:     
Loan commitments$476,859 $— $— $— $— 
Letters of credit8,300 — — — — 
Total financial instrument liabilities with off-balance-sheet risk$485,159 $— $— $— $— 
(1)Considered Level 1 under Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“ASC 820”).
(2)Considered Level 2 under ASC 820.
(3)Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market.

The carrying value and estimated fair values of the Company's financial instruments as of December 31, 2019 are as follows:

 December 31, 2019
 Carrying
Amount		Estimated Fair
Value		Readily
Available
Market
Prices(1)		Observable
Market
Prices(2)		Company
Determined
Market
Prices(3)
 (Amounts In Thousands)
Financial instrument assets:
Cash and cash equivalents$241,965 $241,965 $241,965 $— $— 
Investment securities366,368 366,368 128,585 237,783 — 
Loans held for sale8,400 8,400 — 8,400 — 
Loans     
Agricultural88,917 90,118 — — 90,118 
Commercial and financial216,335 217,640 — — 217,640 
Real estate:     
Construction, 1 to 4 family residential79,096 79,954 — — 79,954 
Construction, land development and commercial106,924 107,276 — — 107,276 
Mortgage, farmland238,780 239,521 — — 239,521 
Mortgage, 1 to 4 family first liens902,630 896,676 — — 896,676 
Mortgage, 1 to 4 family junior liens147,634 143,261 — — 143,261 
Mortgage, multi-family346,938 349,663 — — 349,663 
Mortgage, commercial398,145 395,838 — — 395,838 
Loans to individuals31,455 32,722 — — 32,722 
Obligations of state and political subdivisions49,423 50,564 — — 50,564 
Accrued interest receivable12,442 12,442 — 12,442 — 
Total financial instrument assets$3,235,452 $3,232,408 $370,550 $258,625 $2,603,233 
Financial instrument liabilities:     
Deposits     
Noninterest-bearing deposits$387,612 $387,612 $— $387,612 $— 
Interest-bearing deposits2,273,752 2,292,332 — 2,292,332 — 
Federal Home Loan Bank borrowings185,000 186,091 — 186,091 — 
Interest rate swaps2,349 2,349 2,349 
Accrued interest payable2,474 2,474 — 2,474 — 
Total financial instrument liabilities$2,851,187 $2,870,858 $— $2,870,858 $— 
 Face Amount    
Financial instrument with off-balance sheet risk:     
Loan commitments$424,165 $— $— $— $— 
Letters of credit8,569 — — — — 
Total financial instrument liabilities with off-balance-sheet risk$432,734 $— $— $— $— 
 
(1)Considered Level 1 under ASC 820.
(2)Considered Level 2 under ASC 820.
(3)Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market.
Schedule of assets and liabilities measured at fair value on a recurring basis
The table below represents the balances of assets and liabilities measured at fair value on a recurring basis:

 September 30, 2020
 Readily
Available
Market
Prices(1)		Observable
Market Prices(2)		Company
Determined
Market
Prices(3)		Total at Fair
Value
Securities available for sale(Amounts In Thousands)
U.S. Treasury$151,835 $— $— $151,835 
State and political subdivisions— 198,211 — 198,211 
Other securities (FHLB, FHLMC and FNMA)— 25,209 — 25,209 
Derivative Financial Instruments
Interest rate swaps$— (3,075)$— (3,075)
Total$151,835 $220,345 $— $372,180 

 December 31, 2019
 Readily
Available
Market
Prices(1)		Observable
Market Prices(2)		Company
Determined
Market
Prices(3)		Total at Fair
Value
Securities available for sale(Amounts In Thousands)
U.S. Treasury$128,585 $— $— $128,585 
State and political subdivisions— 211,489 — 211,489 
Other securities (FHLB, FHLMC and FNMA)— 15,229 — 15,229 
Derivative Financial Instruments
Interest rate swaps— (2,349)— (2,349)
Total$128,585 $224,369 $— $352,954 
 
(1)Considered Level 1 under ASC 820.
(2)Considered Level 2 under ASC 820.
(3)Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market.
Schedule of assets measured at fair value on a nonrecurring basis The following tables present the Company’s assets that are measured at fair value on a nonrecurring basis.
 September 30, 2020Three Months Ended September 30, 2020Nine Months Ended September 30, 2020
 Readily
Available
Market
Prices(1)		Observable
Market
Prices(2)		Company
Determined
Market
Prices(3)		Total at
Fair
Value		Total LossesTotal Losses
 (Amounts in Thousands)
Loans (4)
Agricultural$— $— $1,376 $1,376 $— $— 
Commercial and financial— — 1,843 1,843 — 385 
Real Estate:— 
Construction, 1 to 4 family residential— — 419 419 — — 
Construction, land development and commercial— — 315 315 — — 
Mortgage, farmland— — 2,062 2,062 — — 
Mortgage, 1 to 4 family first liens— — 6,702 6,702 20 176 
Mortgage, 1 to 4 family junior liens— — 158 158 — — 
Mortgage, multi-family— — 1,786 1,786 — — 
Mortgage, commercial— — 3,094 3,094 175 250 
Loans to individuals— — — — — — 
Foreclosed assets (5)— — — — — — 
Total$— $— $17,755 $17,755 $195 $811 
 
(1)Considered Level 1 under ASC 820.
(2)Considered Level 2 under ASC 820.
(3)Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market.
(4)Represents carrying value and related write-downs of loans for which adjustments are based on the value of the collateral. The carrying value of loans fully-charged off is zero.
(5)Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets.
Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (continued)
 December 31, 2019Year Ended December 31, 2019
 Readily
Available
Market
Prices(1)		Observable
Market
Prices(2)		Company
Determined
Market
Prices(3)		Total at Fair
Value		Total Losses
 (Amounts in Thousands)
Loans (4)
Agricultural$— $— $1,272 $1,272 $36 
Commercial and financial— — 1,803 1,803 499 
Real Estate:
Construction, 1 to 4 family residential— — — — — 
Construction, land development and commercial— — 215 215 8 
Mortgage, farmland— — 3,576 3,576 — 
Mortgage, 1 to 4 family first liens— — 7,986 7,986 370 
Mortgage, 1 to 4 family junior liens— — 49 49 — 
Mortgage, multi-family— — 1,816 1,816 — 
Mortgage, commercial— — 1,237 1,237 125 
Loans to individuals— — — — — 
Foreclosed assets (5)— — — — — 
Total$— $— $17,954 $17,954 $1,038 
(1)Considered Level 1 under ASC 820.
(2)Considered Level 2 under ASC 820.
(3)Considered Level 3 under ASC 820 and are based on valuation models that use significant assumptions that are not observable in an active market.
(4)Represents carrying value and related write-downs of loans for which adjustments are based on the value of the collateral. The carrying value of loans fully-charged off is zero.
(5)Represents the fair value and related losses of foreclosed real estate and other collateral owned that were measured at fair value subsequent to their initial classification as foreclosed assets.