Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Of Financial Instruments [Abstract]

Assets Measured On Recurring Basis

	Fair Value Measurements Using:
			Quoted Prices		Significant
			in Active		Other		Significant
			Markets for		Observable		Unobservable
			Identical Assets		Inputs		Inputs
(in thousands)	Total		(Level 1)		(Level 2)		(Level 3)
September 30, 2020:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	371,228	$	—	$	369,753	$	1,475
Pass-through mortgage securities		94,660		—		94,660		—
Collateralized mortgage obligations		69,388		—		69,388		—
Corporate bonds		110,830		—		110,830		—
	$	646,106	$	—	$	644,631	$	1,475
Financial Liabilities:
Derivative - interest rate swaps	$	6,570	$	—	$	6,570	$	—
December 31, 2019:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	382,143	$	—	$	380,299	$	1,844
Pass-through mortgage securities		61,372		—		61,372		—
Collateralized mortgage obligations		138,199		—		138,199		—
Corporate bonds		115,830		—		115,830		—
	$	697,544	$	—	$	695,700	$	1,844
Financial Liabilities:
Derivative - interest rate swaps	$	4,418	$	—	$	4,418	$	—

Financial Instruments

	Level of	September 30, 2020				December 31, 2019
	Fair Value	Carrying				Carrying
(in thousands)	Hierarchy	Amount		Fair Value		Amount		Fair Value
Financial Assets:
Cash and cash equivalents	Level 1	$	163,852	$	163,852	$	38,968	$	38,968
Loans	Level 3		3,003,326		3,005,752		3,158,960		3,113,442
Restricted stock	Level 1		22,029		22,029		30,899		30,899
Financial Liabilities:
Checking deposits	Level 1		1,165,065		1,165,065		911,978		911,978
Savings, NOW and money market deposits	Level 1		1,638,980		1,638,980		1,720,599		1,720,599
Time deposits	Level 2		444,801		455,817		511,439		515,019
Short-term borrowings	Level 1		57,708		57,708		190,710		190,710
Long-term debt	Level 2		273,002		281,668		337,472		339,445