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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured on a recurring basis
The following table presents assets and liabilities measured at fair value on a recurring basis:
 
Fair Value Measurements at December 31, 2019 using:
(In thousands)Level 1Level 2Level 3Balance at December 31, 2019
Assets    
Investment securities:    
Obligations of states and political subdivisions$—  $320,491  $—  $320,491  
U.S. Government sponsored entities’ asset-backed securities—  889,210  —  889,210  
Equity securities1,537  —  456  1,993  
Mortgage loans held for sale—  12,278  —  12,278  
Mortgage IRLCs—  221  —  221  
Loan interest rate swaps—  1,870  —  1,870  
Liabilities            
Fair value swap$—  $—  $226  $226  
Borrowing interest rate swap—  575  —  $575  
Loan interest rate swaps—  1,870  —  $1,870  
 
Fair Value Measurements at December 31, 2018 using:
(In thousands)Level 1Level 2Level 3Balance at December 31, 2018
Assets    
Investment securities:    
U.S. Government sponsored entities’ asset-backed securities$—  $1,003,421  $—  $1,003,421  
Equity securities1,225  —  424  1,649  
Mortgage loans held for sale—  4,158  —  4,158  
Mortgage IRLCs—  87  —  87  
Liabilities            
Fair value swap$—  $—  $226  $226  
Schedule of reconciliation of level 3 input for financial instruments measured on recurring basis
The table below is a reconciliation of the beginning and ending balances of the Level 3 inputs for the years ended December 31, 2019 and 2018, for financial instruments measured on a recurring basis and classified as Level 3:
 
Level 3 Fair Value Measurements
(In thousands)Equity SecuritiesFair Value Swap
Balance at January 1, 2019$424  $(226) 
Total Gains (Losses)
Included in other income32  —  
Balance at December 31, 2019$456  $(226) 
Balance at January 1, 2018$417  $(226) 
Total Gains (Losses)
Included in other income7  —  
Balance at December 31, 2018$424  $(226) 
Schedule of assets and liabilities measured at fair value on a nonrecurring basis
The following tables present assets and liabilities measured at fair value on a nonrecurring basis. Collateral dependent impaired loans are carried at fair value if they have been charged down to fair value or if a specific valuation allowance has been established. A new cost basis is established at the time a property is initially recorded in OREO. OREO properties are carried at fair value if a devaluation has been taken to the property's value subsequent to the initial measurement.

Fair Value Measurements at December 31, 2019 Using:
(In thousands)Level 1Level 2Level 3Balance at December 31, 2019
Impaired loans recorded at fair value:
Commercial real estate$—  $—  $1,873  $1,873  
Residential real estate—  —  217  217  
Total impaired loans recorded at fair value$—  $—  $2,090  $2,090  
MSRs$—  $5,797  $—  $5,797  
OREO recorded at fair value:
Commercial real estate—  —  2,295  2,295  
Residential real estate—  —  738  738  
Total OREO recorded at fair value$—  $—  $3,033  $3,033  
Other repossessed assets$—  $—  $3,599  $3,599  
Fair Value Measurements at December 31, 2018 Using:
(In thousands)Level 1Level 2Level 3Balance at December 31, 2018
Impaired loans recorded at fair value:
   Commercial real estate$—  $—  $4,059  $4,059  
   Construction real estate—  —  1,635  1,635  
   Residential real estate—  —  705  705  
Total impaired loans recorded at fair value$—  $—  $6,399  $6,399  
MSRs$—  $1,169  $—  $1,169  
OREO recorded at fair value:
  Commercial real estate
—  —  2,295  2,295  
  Construction real estate—  —  729  729  
  Residential real estate—  —  650  650  
Total OREO recorded at fair value$—  $—  $3,674  $3,674  
Other repossessed assets$—  $—  $3,464  $3,464  
Impaired Financing Receivables [Table Text Block]
The table below provides additional detail on those impaired loans which are recorded at fair value as well as the remaining impaired loan portfolio not included above. The remaining impaired loans consist of loans which are not collateral dependent as well as loans carried at cost as the fair value of the underlying collateral or the present value of expected future cash flows on each of the loans exceeded the book value for each respective credit.

December 31, 2019
(In thousands)Recorded InvestmentPrior Charge-OffsSpecific Valuation AllowanceCarrying Balance
Impaired loans recorded at fair value$2,167  $313  $77  $2,090  
Remaining impaired loans 75,324  406  5,153  70,171  
Total impaired loans$77,491  $719  $5,230  $72,261  

December 31, 2018
(In thousands)Recorded InvestmentPrior Charge-OffsSpecific Valuation AllowanceCarrying Balance
Impaired loans recorded at fair value$6,503  $3,630  $104  $6,399  
Remaining impaired loans 41,641  7,616  2,169  39,472  
Total impaired loans$48,144  $11,246  $2,273  $45,871  
Schedule of qualitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis
The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2019 and December 31, 2018:

December 31, 2019
(In thousands)Fair ValueValuation TechniqueUnobservable Input(s)Range (Weighted Average)
Impaired loans:    
Commercial real estate$1,873  Sales comparison approach  Adj to comparables  0.0% - 56.0% (26.5%) 
Cost approachAccumulated depreciation93.1% (93.1%) 
Residential real estate$217  Sales comparison approach  Adj to comparables  0.0% - 53.5% (10.8%) 
Other real estate owned:
Commercial real estate$2,295  Sales comparison approach  Adj to comparables  0.9% - 68.4% (34.7%) 
Income approach  Capitalization rate  13.0% (13.0%) 
Residential real estate$738  Sales comparison approach  Adj to comparables  4.6% - 54.6% (39.2%) 
December 31, 2018
(In thousands)Fair ValueValuation TechniqueUnobservable Input(s)Range (Weighted Average)
Impaired loans:    
Commercial real estate$4,059  Sales comparison approach  Adj to comparables  0.0% - 107.5% (31.1%) 
Income approachCapitalization rate9.5% - 10.8% (10.6%)
Cost approachAccumulated depreciation4.2% - 90.1% (11.0%)
Construction real estate$1,635  Sales comparison approach  Adj to comparables  5.0% - 90.0% (26.1%) 
Residential real estate$705  Sales comparison approach  Adj to comparables  0.0% - 40.0% (13.2%) 
Income approach  Capitalization rate  10.5% (10.5%) 
Other real estate owned:
Commercial real estate$2,295  Sales comparison approach  Adj to comparables  0.9% - 68.4% (34.7%) 
Income approach  Capitalization rate  13.0% (13.0%) 
Construction real estate$729  Sales comparison approach  Adj to comparables  0.0% - 45.0% (21.7%) 
Residential real estate$650  Sales comparison approach  Adj to comparables  30.4% - 54.6% (42.5%) 
Fair value, by balance sheet grouping
The fair value of financial instruments at December 31, 2019 and December 31, 2018, was as follows:

December 31, 2019
  Fair Value Measurements
(In thousands)Carrying valueLevel 1Level 2Level 3Total fair value
Financial assets:
Cash and money market instruments$159,956  $159,956  $—  $—  $159,956  
Investment securities (1)
1,209,701  —  1,209,701  —  1,209,701  
Other investment securities (2)
1,993  1,537  —  456  1,993  
Mortgage loans held for sale12,278  —  12,278  —  12,278  
Mortgage IRLCs221  —  221  —  221  
Impaired loans carried at fair value2,090  —  —  2,090  2,090  
Other loans, net6,430,136  —  —  6,426,869  6,426,869  
Loans receivable, net$6,444,725  $—  $12,499  $6,428,959  $6,441,458  
Financial liabilities:     
Time deposits$1,139,131  $—  $1,145,537  $—  $1,145,537  
Other1,273  1,273  —  —  1,273  
Deposits (excluding demand deposits)$1,140,404  $1,273  $1,145,537  $—  $1,146,810  
Short-term borrowings$230,657  $—  $230,657  $—  $230,657  
Long-term debt192,500  —  200,726  —  200,726  
Subordinated notes15,000  —  14,372  —  14,372  
Derivative financial instruments - assets:
Loan interest rate swaps1,870  —  1,870  —  1,870  
Derivative financial instruments - liabilities:    
Fair value swap$226  $—  $—  $226  $226  
Borrowing interest rate swap575  —  575  —  575  
Loan interest rate swaps1,870  —  1,870  —  1,870  
(1) Includes AFS debt securities.
(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these
investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.
December 31, 2018
  Fair Value Measurements
(In thousands)Carrying valueLevel 1Level 2Level 3Total fair value
Financial assets:
Cash and money market instruments$167,214  $167,214  $—  $—  $167,214  
Investment securities (1)
1,355,229  —  1,354,843  —  1,354,843  
Other investment securities (2)
1,649  1,225  —  424  1,649  
Loans held for sale4,158  —  4,158  —  4,158  
Mortgage IRLCs87  —  87  —  87  
Impaired loans carried at fair value6,399  —  —  6,399  6,399  
Other loans, net5,629,976  —  —  5,570,136  5,570,136  
Loans receivable, net$5,640,620  $—  $4,245  $5,576,535  $5,580,780  
Financial liabilities:         
Time deposits$1,043,177  $—  $1,044,620  $—  $1,044,620  
Other1,267  1,267  —  —  1,267  
Deposits (excluding demand deposits)$1,044,444  $1,267  $1,044,620  $—  $1,045,887  
Short-term borrowings$221,966  $—  $221,966  $—  $221,966  
Long-term debt400,000  —  400,203  —  400,203  
Subordinated notes15,000  —  12,959  —  12,959  
Derivative financial instruments - liabilities:     
Fair value swap$226  $—  $—  $226  $226  
(1) Includes AFS debt securities and HTM debt securities.
(2) Excludes FHLB stock and FRB stock which are carried at their respective redemption values, investment securities accounted for at modified cost as these
investments do not have a readily determinable fair value, and Partnership Investments valued using the NAV practical expedient.