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Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value for the dates indicated:
(In thousands)Fair ValueReadily Available Market Prices
(Level 1)
Observable Market Data
(Level 2)
Company Determined Fair Value
(Level 3)
December 31, 2022      
Financial assets:      
Trading securities$3,990 $3,990 $— $— 
AFS debt securities:    
Obligations of states and political subdivisions49,226 — 49,226 — 
Mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises514,019 — 514,019 — 
Collateralized mortgage obligations issued or guaranteed by U.S. government-sponsored enterprises109,347 — 109,347 — 
Subordinated corporate bonds23,283 — 23,283 — 
Loans held for sale5,197 — 5,197 — 
Customer loan swaps14,802 — 14,802 — 
Interest rate contracts13,051 — 13,051 — 
Fixed rate mortgage interest rate lock commitments31 — 31 — 
Forward delivery commitments114 — 114 — 
Financial liabilities:    
Deferred compensation$3,990 $3,990 $— $— 
Customer loan swaps14,850 — 14,850 — 
Interest rate contracts5,515 — 5,515 — 
Fixed rate mortgage interest rate lock commitments87 — 87 — 
Forward delivery commitments— — — — 
December 31, 2021      
Financial assets:      
Trading securities$4,428 $4,428 $— $— 
AFS debt securities:
Obligations of U.S. government-sponsored enterprises8,344 — 8,344 — 
Obligations of states and political subdivisions117,478 — 117,478 — 
Mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises1,000,257 — 1,000,257 — 
Collateralized mortgage obligations issued or guaranteed by U.S. government-sponsored enterprises358,849 — 358,849 — 
Subordinated corporate bonds22,558 — 22,558 — 
Loans held for sale5,815 — 5,815 — 
Customer loan swaps19,297 — 19,297 — 
Interest rate contracts5,589 — 5,589 — 
Fixed rate mortgage interest rate lock commitments371 — 371 — 
Forward delivery commitments86 — 86 — 
Financial liabilities:
Deferred compensation$4,428 $4,428 $— $— 
Customer loan swaps19,485 — 19,485 — 
Interest rate contracts 7,872 — 7,872 — 
Fixed rate mortgage interest rate lock commitments91 — 91 — 
Forward delivery commitments— — 
Carrying Amounts and Estimated Fair Value for Financial Instrument Assets and Liabilities
The estimated fair values and related carrying amounts for assets and liabilities for which fair value is only disclosed are shown below as of the dates indicated:
(In thousands)Carrying AmountFair ValueReadily Available Market Prices
(Level 1)
Observable Market Prices
(Level 2)
Company Determined Market Prices
(Level 3)
December 31, 2022
Financial Assets:        
HTM debt securities$546,583 $506,193 $— $506,193 $— 
Commercial real estate loans(1)(2)
1,605,279 1,550,379 — — 1,550,379 
Commercial loans(2)
424,054 413,706 — — 413,706 
SBA PPP loans(2)
631 647 — — 647 
Residential real estate loans(2)
1,691,177 1,494,707 — — 1,494,707 
Home equity loans(2)
232,203 237,967 — — 237,967 
Consumer loans(2)
20,087 17,853 — — 17,853 
Servicing assets2,458 4,412 — — 4,412 
Financial liabilities:    
Time deposits$300,451 $291,568 $— $291,568 $— 
Short-term borrowings265,176 264,779 — 264,779 — 
Subordinated debentures44,331 31,032 — 31,032 — 
December 31, 2021
Financial assets:
HTM debt securities$1,291 $1,380 $— $1,380 $— 
Commercial real estate loans(1)(2)
1,474,087 1,435,794 — — 1,435,794 
Commercial loans(2)
359,512 356,463 — — 356,463 
SBA PPP loans(2)
35,934 37,133 — — 37,133 
Residential real estate loans(2)
1,300,314 1,297,592 — — 1,297,592 
Home equity loans(2)
208,934 205,920 — — 205,920 
Consumer loans(2)
19,437 17,551 — — 17,551 
Servicing assets2,471 3,310 — — 3,310 
Financial liabilities:
Time deposits$409,668 $409,264 $— $409,264 $— 
Short-term borrowings211,608 211,586 — 211,586 — 
Subordinated debentures44,331 33,248 — 33,248 — 
(1) Commercial real estate loans includes non-owner-occupied and owner-occupied properties.
(2) The presented carrying amount is net of the allocated ACL on loans.