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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of December 31, 2020 and 2019 segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.

Recurring Fair Value Measurements
December 31, 2020
(In thousands)Fair Value 12/31/2020(Level 1)(Level 2)(Level 3)
Available-for-sale securities
Obligations of U.S. Government sponsored entities$607,480 $0 $607,480 $0 
Obligations of U.S. states and political subdivisions129,746 0 129,746 0 
Mortgage-backed securities - residential, issued by
U.S. Government agencies182,108 0 182,108 0 
U.S. Government sponsored entities705,480 0 705,480 0 
U.S. corporate debt securities2,379 0 2,379 0 
Total Available-for-sale securities$1,627,193 $0 $1,627,193 $0 
Equity securities$929 $0 $0 $929 
Recurring Fair Value Measurements
December 31, 2019
(In thousands)Fair Value 12/31/2019(Level 1)(Level 2)(Level 3)
Available-for-sale securities
U.S. Treasuries$1,840 $0 $1,840 $0 
Obligations of U.S. Government sponsored entities372,488 0 372,488 0 
Obligations of U.S. states and political subdivisions97,785 0 97,785 0 
Mortgage-backed securities - residential, issued by
U.S. Government agencies164,451 0 164,451 0 
U.S. Government sponsored entities659,590 0 659,590 0 
U.S. corporate debt securities2,433 0 2,433 0 
Total Available-for-sale securities$1,298,587 $0 $1,298,587 $0 
Equity securities$915 $0 $0 $915 
Schedule of assets and liabilities measured at fair value on a non recurring basis
(In thousands)Fair value measurements at reporting date using:Gain (losses) from fair value changes
As ofQuoted prices in active markets for identical assetsSignificant other observable inputsSignificant unobservable inputsYear ended
Assets:12/31/2020(Level 1)(Level 2)(Level 3)12/31/2020
Individually evaluated loans$22,171 $0 $22,171 $0 $(1,855)
Other real estate owned88 0 88 0 (35)
 
(In thousands)Fair value measurements at reporting date using:Gain (losses) from fair value changes
As ofQuoted prices in active markets for identical assetsSignificant other observable inputsSignificant unobservable inputsYear ended
Assets:12/31/2019(Level 1)(Level 2)(Level 3)12/31/2019
Individually evaluated loans$14,050 $0 $14,050 $0 $(4,184)
Other real estate owned315 0 315 0 (94)
Schedule of carrying amount and fair value of financial instruments
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments at December 31, 2020 and 2019. The carrying amounts shown in the table are included in the Consolidated Statements of Condition under the indicated captions. The fair value estimates, methods and assumptions set forth below for the Company’s financial instruments, including those financial instruments carried at cost, are made solely to comply with disclosures required by U.S. generally accepted accounting principles and does not always incorporate the exit-price concept of fair value prescribed by ASC Topic 820-10 and should be read in conjunction with the financial statements and notes included in this Report.

Estimated Fair Value of Financial Instruments
December 31, 2020
(In thousands)Carrying AmountFair Value(Level 1)(Level 2)(Level 3)
Financial Assets:
Cash and cash equivalents$388,462 $388,462 $388,462 $0 $0 
FHLB and FRB stock16,382 16,382 0 16,382 0 
Accrued interest receivable32,025 32,025 0 32,025 0 
 Loans and leases, net1
5,208,658 5,226,301 0 22,171 5,204,130 
Financial Liabilities:
Time deposits$746,234 $753,045 $0 $753,045 $0 
Other deposits5,691,518 5,691,518 0 5,691,518 0 
Securities sold under agreements to repurchase65,845 65,845 0 65,845 0 
Other borrowings265,000 274,238 0 274,238 0 
Trust preferred debentures13,220 18,483 0 18,483 0 
Accrued interest payable1,727 1,727 0 1,727 0 
 1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.

Estimated Fair Value of Financial Instruments
December 31, 2019
(In thousands)Carrying AmountFair Value(Level 1)(Level 2)(Level 3)
Financial Assets:
Cash and cash equivalents$137,982 $137,982 $137,982 $0 $0 
FHLB and FRB stock33,695 33,695 0 33,695 0 
Accrued interest receivable19,293 19,293 0 19,293 0 
 Loans and leases, net1
4,877,658 4,798,268 0 14,050 4,784,218 
Financial Liabilities:
Time deposits$675,014 $677,205 $0 $677,205 $0 
Other deposits4,537,907 4,537,907 0 4,537,907 0 
Securities sold under agreements to repurchase60,346 60,346 0 60,346 0 
Other borrowings658,100 659,895 0 659,895 0 
Trust preferred debentures17,035 21,904 0 21,904 0 
Accrued interest payable2,486 2,486 0 2,486 0 
1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.