FAIR VALUE MEASUREMENT AND DISCLOSURE (Tables)

9 Months Ended

Sep. 30, 2024

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 Value		Readily Available Market Prices (Level 1)		Observable Market Data (Level 2)		Company Determined Fair Value (Level 3)
September 30, 2024
Financial assets:
Trading securities	$	5,141	$	5,141	$	—	$	—
AFS debt securities:
Obligations of states and political subdivisions	5,375		—		5,375		—
MBS issued or guaranteed by U.S. government-sponsored enterprises	443,709		—		443,709		—
CMO issued or guaranteed by U.S. government-sponsored enterprises	133,884		—		133,884		—
Corporate bonds	20,243		—		20,243		—
Loans held for sale	11,706		—		11,706		—
Customer loan swaps	6,413		—		6,413		—
Interest rate contracts	9,362		—		9,362		—
Fixed rate mortgage interest rate lock commitments	230		—		230		—
Forward delivery commitments	81		—		81		—
Financial liabilities:
Deferred compensation	$	5,141	$	5,141	$	—	$	—
Customer loan swaps	5,644		—		5,644		—
Interest rate contracts	4,971		—		4,971		—
Fixed rate mortgage interest rate lock commitments	14		—		14		—
Forward delivery commitments	48		—		48		—
December 31, 2023
Financial assets:
Trading securities	$	4,647	$	4,647	$	—	$	—
AFS debt securities:
Obligations of states and political subdivisions	6,386		—		6,386		—
MBS issued or guaranteed by U.S. government-sponsored enterprises	460,091		—		460,091		—
CMO issued or guaranteed by U.S. government-sponsored enterprises	141,011		—		141,011		—
Subordinated corporate bonds	18,320		—		18,320		—
Loans held for sale	10,320		—		10,320		—
Customer loan swaps	10,699		—		10,699		—
Interest rate contracts	12,206		—		12,206		—
Fixed rate mortgage interest rate lock commitments	215		—		215		—
Forward delivery commitments	51		—		51		—
Financial liabilities:
Deferred compensation	$	4,647	$	4,647	$	—	$	—
Customer loan swaps	10,748		—		10,748		—
Interest rate contracts	3,387		—		3,387		—
Fixed rate mortgage interest rate lock commitments	11		—		11		—
Forward delivery commitments	132		—		132		—

Valuation Methodology and Unobservable Inputs for Level Three Assets Measured at Fair Value on Non Recurring Basis

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis for the dates indicated:

(Dollars in thousands)	Fair Value		Valuation Methodology	Unobservable input	Discount
September 30, 2024
Collateral-dependent loans:
Specifically reserved	$	4,497	Market approach appraisal of collateral	Estimated selling costs	10%
December 31, 2023
Collateral-dependent loans:
Specifically reserved	$	4,768	Market approach appraisal of collateral	Estimated selling costs	7%

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 Amount		Fair Value		Readily Available Market Prices (Level 1)		Observable Market Prices (Level 2)		Company Determined Market Prices (Level 3)
September 30, 2024
Financial assets:
HTM debt securities	$	526,251	$	500,619	$	—	$	500,619	$	—
Commercial real estate loans(1)(2)	1,689,775		1,594,862		—		—		1,594,862
Commercial loans(2)	377,706		368,193		—		—		368,193
Residential real estate loans(2)	1,752,954		1,516,218		—		—		1,516,218
Home equity loans(2)	245,680		241,323		—		—		241,323
Consumer loans(2)	15,200		14,282		—		—		14,282
Servicing assets	2,146		3,929		—		—		3,929
Financial liabilities:
Time deposits	$	628,481	$	625,516	$	—	$	625,516	$	—
Short-term borrowings	516,336		515,978		—		515,978		—
Junior subordinated debentures	44,331		33,248		—		33,248		—
December 31, 2023
Financial assets:
HTM debt securities	$	544,931	$	510,595	$	—	$	510,595	$	—
Commercial real estate loans(1)(2)	1,653,435		1,540,327		—		—		1,540,327
Commercial loans(2)	399,032		385,585		—		—		385,585
Residential real estate loans(2)	1,753,124		1,488,248		—		—		1,488,248
Home equity loans(2)	238,124		233,025		—		—		233,025
Consumer loans(2)	17,444		15,279		—		—		15,279
Servicing assets	2,274		4,124		—		—		4,124
Financial liabilities:
Time deposits	$	640,539	$	634,856	$	—	$	634,856	$	—
Short-term borrowings	485,607		484,849		—		484,849		—
Junior subordinated debentures	44,331		31,918		—		31,918		—

(1)    Commercial real estate loan includes non-owner-occupied and owner-occupied properties.

(2)    The presented carrying amount is net of the allocated ACL on loans.

Summary of Assets Measured at Fair Value on Non Recurring Basis

The table below highlights financial assets measured and reported at fair value on a non-recurring basis for the dates indicated:

(In thousands)	Fair Value		Readily Available Market Prices (Level 1)		Observable Market Data (Level 2)		Company Determined Fair Value (Level 3)
September 30, 2024
Financial assets:
Collateral-dependent loans	$	4,497	$	—	$	—	$	4,497
December 31, 2023
Financial assets:
Collateral-dependent loans	$	4,768	$	—	$	—	$	4,768