10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2019.

or

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from  to .

Commission File Number: 0-7617

UNIVEST FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania	23-1886144
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

14 North Main Street, Souderton, Pennsylvania 18964

(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (215) 721-2400

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Trading symbol	Name of exchange on which registered
Common Stock, $5 par value	UVSP	The NASDAQ Stock Market

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨
		Emerging growth company	¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Common Stock, $5 par value	29,287,509
(Title of Class)	(Number of shares outstanding at April 30, 2019)

UNIVEST FINANCIAL CORPORATION AND SUBSIDIARIES

INDEX

			Page Number
Part I.	Financial Information:
	Item 1.	Financial Statements (Unaudited)
		Condensed Consolidated Balance Sheets at March 31, 2019 and December 31, 2018	2
		Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2019 and 2018	3
		Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2019 and 2018	4
		Condensed Consolidated Statements of Changes in Shareholders’ Equity for the Three Months Ended March 31, 2019 and 2018	5
		Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2019 and 2018	6
		Notes to Condensed Consolidated Financial Statements	7
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	43
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	58
	Item 4.	Controls and Procedures	58
Part II.	Other Information
	Item 1.	Legal Proceedings	59
	Item 1A.	Risk Factors	59
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	59
	Item 3.	Defaults Upon Senior Securities	59
	Item 4.	Mine Safety Disclosures	59
	Item 5.	Other Information	60
	Item 6.	Exhibits	61
Signatures			62

1

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

	(UNAUDITED)
(Dollars in thousands, except share data)	At March 31, 2019			At December 31, 2018
ASSETS
Cash and due from banks	$	46,465		$	61,573
Interest-earning deposits with other banks	19,676			47,847
Cash and cash equivalents	66,141			109,420
Investment securities held-to-maturity (fair value $148,960 and $141,575 at March 31, 2019 and December 31, 2018, respectively)	148,470			142,634
Investment securities available-for-sale	315,648			328,507
Investments in equity securities	2,765			2,165
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	32,699			28,337
Loans held for sale	921			1,754
Loans and leases held for investment	4,067,879			4,006,574
Less: Reserve for loan and lease losses	(31,602		)	(29,364		)
Net loans and leases held for investment	4,036,277			3,977,210
Premises and equipment, net	59,091			59,559
Operating lease right-of-use assets	36,099			—
Goodwill	172,559			172,559
Other intangibles, net of accumulated amortization	11,530			11,990
Bank owned life insurance	112,551			111,599
Accrued interest receivable and other assets	40,776			38,613
Total assets	$	5,035,527		$	4,984,347
LIABILITIES
Noninterest-bearing deposits	$	1,103,674		$	1,055,919
Interest-bearing deposits:
Demand deposits	1,441,540			1,377,171
Savings deposits	819,255			782,766
Time deposits	638,684			670,077
Total deposits	4,003,153			3,885,933
Short-term borrowings	73,185			189,768
Long-term debt	145,263			145,330
Subordinated notes	94,635			94,574
Operating lease liabilities	39,102			—
Accrued interest payable and other liabilities	42,583			44,609
Total liabilities	4,397,921			4,360,214
SHAREHOLDERS’ EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2019 and December 31, 2018; 31,556,799 shares issued at March31, 2019 and December 31, 2018; 29,272,502 and 29,270,852 shares outstanding at March 31, 2019 and December 31, 2018, respectively	157,784			157,784
Additional paid-in capital	293,255			292,401
Retained earnings	256,746			248,167
Accumulated other comprehensive loss, net of tax benefit	(24,238		)	(28,416		)
Treasury stock, at cost;2,284,297and 2,285,947 shares at March 31, 2019 and December 31, 2018, respectively	(45,941		)	(45,803		)
Total shareholders’ equity	637,606			624,133
Total liabilities and shareholders’ equity	$	5,035,527		$	4,984,347

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

2

UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended   March 31,
(Dollars in thousands, except per share data)	2019		2018
Interest income
Interest and fees on loans and leases:
Taxable	$	45,682	$	37,950
Exempt from federal income taxes	2,683		2,347
Total interest and fees on loans and leases	48,365		40,297
Interest and dividends on investment securities:
Taxable	2,713		2,189
Exempt from federal income taxes	431		468
Interest on deposits with other banks	269		76
Interest and dividends on other earning assets	586		504
Total interest income	52,364		43,534
Interest expense
Interest on deposits	8,203		3,691
Interest on short-term borrowings	638		645
Interest on long-term debt and subordinated notes	2,000		1,926
Total interest expense	10,841		6,262
Net interest income	41,523		37,272
Provision for loan and lease losses	2,685		2,053
Net interest income after provision for loan and lease losses	38,838		35,219
Noninterest income
Trust fee income	1,887		1,996
Service charges on deposit accounts	1,435		1,327
Investment advisory commission and fee income	3,789		3,683
Insurance commission and fee income	5,144		4,888
Other service fee income	2,267		2,169
Bank owned life insurance income	952		669
Net gain on sales of investment securities	1		10
Net gain on mortgage banking activities	483		716
Other income	339		124
Total noninterest income	16,297		15,582
Noninterest expense
Salaries, benefits and commissions	21,564		20,647
Net occupancy	2,611		2,757
Equipment	990		1,023
Data processing	2,514		2,232
Professional fees	1,264		1,355
Marketing and advertising	316		381
Deposit insurance premiums	452		391
Intangible expenses	426		612
Restructuring charges	—		571
Other expense	5,420		5,156
Total noninterest expense	35,557		35,125
Income before income taxes	19,578		15,676
Income tax expense	3,499		2,826
Net income	$	16,079	$	12,850
Net income per share:
Basic	$	0.55	$	0.44
Diluted	0.55		0.44

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

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UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended March 31,
(Dollars in thousands)	2019									2018
	Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount			Before Tax Amount			Tax Expense (Benefit)			Net of Tax Amount
Income	$	19,578		$	3,499		$	16,079		$	15,676		$	2,826		$	12,850
Other comprehensive income:
Net unrealized gains (losses) on available-for-sale investment securities:
Net unrealized holding gains (losses) arising during the period	5,120			1,075			4,045			(6,338		)	(1,331		)	(5,007		)
Less: reclassification adjustment for net gains on sales realized in net income (1)	(1		)	—			(1		)	(10		)	(2		)	(8		)
Total net unrealized gains (losses) on available-for-sale investment securities	5,119			1,075			4,044			(6,348		)	(1,333		)	(5,015		)
Net unrealized (losses) gains on interest rate swaps used in cash flow hedges:
Net unrealized holding (losses) gains arising during the period	(168		)	(36		)	(132		)	212			45			167
Less: reclassification adjustment for net (gains) losses realized in net income (2)	(16		)	(3		)	(13		)	20			4			16
Total net unrealized (losses) gains on interest rate swaps used in cash flow hedges	(184		)	(39		)	(145		)	232			49			183
Defined benefit pension plans:
Amortization of net actuarial loss included in net periodic pension costs (3)	294			62			232			281			59			222
Accretion of prior service cost included in net periodic pension costs (3)	(45		)	(9		)	(36		)	(71		)	(15		)	(56		)
Total defined benefit pension plans	249			53			196			210			44			166
Other comprehensive income (loss)	5,184			1,089			4,095			(5,906		)	(1,240		)	(4,666		)
Total comprehensive income	$	24,762		$	4,588		$	20,174		$	9,770		$	1,586		$	8,184

(1) Included in net gain on sales of investment securities on the consolidated statements of income (before tax amount).

(2) Included in interest expense on deposits on the consolidated statements of income (before tax amount).

(3) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

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UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

(Dollars in thousands, except per share data)	Common Shares Outstanding		Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Total
Three Months Ended March 31, 2019
Balance at December 31, 2018	29,270,852		$	157,784	$	292,401		$	248,167		$	(28,416	)	$	(45,803	)	$	624,133
Adjustment to initially apply ASU No. 2016-02 for leases (1)	—		—		—			(1,525		)	—			—			(1,525		)
Adjustment to initially apply ASU No. 2017-12 for derivatives (1)	—		—		—			(83		)	83			—			—
Adjustment to initially apply ASU No. 2017-08 for premium amortization on purchased callable debt securities (1)	—		—		—			(39		)	—			—			(39		)
Net income	—		—		—			16,079			—			—			16,079
Other comprehensive income, net of income tax	—		—		—			—			4,095			—			4,095
Cash dividends declared ($0.20 per share)	—		—		—			(5,853		)	—			—			(5,853		)
Stock issued under dividend reinvestment and employee stock purchase plans	25,743		—		30			—			—			541			571
Exercise of stock options	30,500		—		(91		)	—			—			612			521
Stock-based compensation	—		—		574			—			—			—			574
Purchases of treasury stock	(37,244	)	—		—			—			—			(950		)	(950		)
Cancellations of performance-based restricted stock awards	(17,349	)	—		341			—			—			(341		)	—
Balance at March 31, 2019	29,272,502		$	157,784	$	293,255		$	256,746		$	(24,238	)	$	(45,941	)	$	637,606

(Dollars in thousands, except share and per share data)	Common Shares Outstanding		Common Stock		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Total
Three Months Ended March 31, 2018
Balance at December 31, 2017	29,334,859		$	157,784	$	290,133		$	216,761		$	(17,771	)	$	(43,533	)	$	603,374
Adjustment to initially apply ASU No. 2016-01 for equity securities measured at fair value	—		—		—			433			(433		)	—			—
Adjustment to initially apply ASU No. 2018-02 for reclassification of stranded net tax charges	—		—		—			3,921			(3,921		)	—			—
Net income	—		—		—			12,850			—			—			12,850
Other comprehensive loss, net of income tax benefit	—		—		—			—			(4,666		)	—			(4,666		)
Cash dividends declared ($0.20 per share)	—		—		—			(5,868		)	—			—			(5,868		)
Stock issued under dividend reinvestment and employee stock purchase plans	20,253		—		44			—			—			525			569
Exercise of stock options	14,158		—		(9		)	—			—			277			268
Stock-based compensation	—		—		847			—			—			—			847
Purchases of treasury stock	(23,539	)	—		—			—			—			(655		)	(655		)
Restricted stock awards granted, net of cancellations	46,203		—		(920		)	—			—			920			—
Balance at March 31, 2018	29,391,934		$	157,784	$	290,095		$	228,097		$	(26,791	)	$	(42,466	)	$	606,719

(1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

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UNIVEST FINANCIAL CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Cash flows from operating activities:
Net income	$	16,079		$	12,850
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	2,685			2,053
Depreciation of premises and equipment	1,318			1,408
Net amortization of investment securities premiums and discounts	379			402
Net gain on sales of investment securities	(1		)	(10		)
Net gain on mortgage banking activities	(483		)	(716		)
Bank owned life insurance income	(952		)	(669		)
Net accretion of acquisition accounting fair value adjustments	(60		)	(146		)
Stock-based compensation	577			847
Intangible expenses	426			612
Other adjustments to reconcile net income to cash used in operating activities	(145		)	(18		)
Originations of loans held for sale	(30,422		)	(35,151		)
Proceeds from the sale of loans held for sale	31,745			37,003
Contributions to pension and other postretirement benefit plans	(66		)	(67		)
Increase in accrued interest receivable and other assets	(3,709		)	(3,307		)
(Decrease) increase in accrued interest payable and other liabilities	(316		)	2,805
Net cash provided by operating activities	17,055			17,896
Cash flows from investing activities:
Net capital expenditures	(850		)	(1,009		)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity	4,288			1,721
Proceeds from maturities, calls and principal repayments of securities available-for-sale	17,085			19,423
Proceeds from sales of securities available-for-sale	491			1,010
Purchases of investment securities held-to-maturity	(10,309		)	(30,641		)
Purchases of investment securities available-for-sale	—			(1,487		)
Proceeds from sales of money market mutual funds	10			1,016
Purchases of money market mutual funds	(606		)	(6,205		)
Net increase in other investments	(4,362		)	(5,597		)
Net increase in loans and leases	(61,582		)	(69,830		)
Proceeds from sales of other real estate owned	599			—
Purchases of bank owned life insurance	—			(777		)
Net cash used in investing activities	(55,236		)	(92,376		)
Cash flows from financing activities:
Net increase (decrease) in deposits	117,239			(57,575		)
Net (decrease) increase in short-term borrowings	(116,583		)	110,995
Payment of contingent consideration on acquisitions	(33		)	(34		)
Purchases of treasury stock	(950		)	(655		)
Stock issued under dividend reinvestment and employee stock purchase plans	571			569
Proceeds from exercise of stock options	521			268
Cash dividends paid	(5,863		)	(5,866		)
Net cash (used in) provided by financing activities	(5,098		)	47,702
Net decrease in cash and cash equivalents	(43,279		)	(26,778		)
Cash and cash equivalents at beginning of year	109,420			75,409
Cash and cash equivalents at end of period	$	66,141		$	48,631
Supplemental disclosures of cash flow information:
Cash paid for interest	$	10,629		$	6,361
Cash paid for income taxes, net of refunds	25			145

Note: See accompanying notes to the unaudited condensed consolidated financial statements.

6

UNIVEST FINANCIAL CORPORATION AND SUBSIDIARIES

Notes to the Condensed Unaudited Consolidated Financial Statements

Note 1. Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the three-month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ended December 31, 2019 or for any other period. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 28, 2019.

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and reserve for loan and lease losses.

Accounting Pronouncements Adopted in 2019

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, "Leases (Topic 842)" and subsequent related updates to revise the accounting for leases. Under the new guidance, lessees are required to recognize a lease liability and a right-of-use asset for all leases based on the present value of future lease payments using an estimated incremental borrowing rate. Lessor accounting activities are largely unchanged from existing lease accounting. Disclosures are required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. This new guidance was effective for the first interim period within annual periods beginning after December 15, 2018, or January 1, 2019 for the Corporation.

The Corporation adopted this guidance, and subsequent related updates, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings, representing the difference between the value of the Corporation’s lease liabilities and related right-of-use assets and the existing deferred rent liability, at January 1, 2019. The Corporation elected the package of practical expedients, which includes a provision which allows for the grandfathering of lease classification, among other items, and the hindsight practical expedient to determine the lease term. All leases in which the Corporation is the lessee were classified as operating leases and continue to be classified as such. On January 1, 2019, the Corporation recorded $39.6 million of operating lease liabilities and $36.6 million of related right-of-use assets and released $1.0 million of existing deferred rent liability. The resulting cumulative effect adjustment of $1.5 million, net of tax, was recorded to retained earnings at January 1, 2019. The initial and continued impact of the recording of operating lease assets had and will continue to have a negative impact on all Corporation and Bank regulatory capital ratios. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 4, "Loans and Leases" and Note 14, "Leases" for applicable disclosures including quantitative and qualitative information about the Corporation’s leases.

In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" and subsequent related updates. The amendments in this update expand and refine hedge accounting for both non-financial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The ASU amends the presentation and disclosure requirements and changes how entities assess effectiveness. The ASU eliminates the requirement to separately measure and report hedge ineffectiveness and requires all items that affect earnings be presented in the same income statement line as the hedged items. The

7

amendments in this guidance permit the use of the Overnight Index Swap rate based on Secured Overnight Financing Rate (SOFR) as a U.S. benchmark interest rate for hedge accounting purposes to facilitate the LIBOR to SOFR transition. This guidance was effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for public business entities, or January 1, 2019 for the Corporation. The amended presentation and disclosure guidance was required only prospectively. The Corporation adopted this guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings effective January 1, 2019. The Corporation recorded a cumulative-effect adjustment of $83 thousand related to ineffectiveness on a cash flow hedge, which was reclassified from retained earnings to accumulated other comprehensive income, effective January 1, 2019.

In March 2017, the FASB issued ASU No. 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date rather than the maturity of the security. Securities within the scope of this guidance are those that have explicit, non-contingent call features that are callable at fixed prices and on preset dates. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The guidance was effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, or January 1, 2019 for the Corporation. At December 31, 2018, the Corporation had $11.3 million of callable debt securities. The Corporation adopted this guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings effective January 1, 2019. The Corporation recorded a cumulative-effect adjustment resulting in a reduction in the unamortized premium balance for certain callable debt securities of $49 thousand and a reduction in retained earnings of approximately $39 thousand, net of tax, for the incremental amortization.     

Recent Accounting Pronouncements Yet to Be Adopted

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified-retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which other-than-temporary impairment has been recognized before the effective date. The ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years for public business entities that are SEC filers, or January 1, 2020 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated that the reserve for loan and lease losses will increase upon adoption of CECL and that the increased reserve level will decrease shareholders' equity and impact regulatory capital and ratios.

In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement." This ASU applies to all entities that are required, under existing GAAP, to make disclosures about recurring or nonrecurring fair value measurements. Disclosures removed by this ASU are the amount and reasons for transfers between Level 1 and Level 2, the policy for timing of transfers between levels and the valuation processes for Level 3 measurements. This ASU modifies disclosures relating to investments in certain entities that calculate net asset value. Additional disclosures required by this ASU include: 1) change in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and 2) range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The prospective method of transition is required for the new disclosure requirements. The other amendments should be applied retrospectively. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years or January 1, 2020 for the Corporation. Early adoption is permitted. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements but will result in revised disclosures for fair value.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." This ASU eliminates Step 2 of the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds

8

the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or for the Corporation's goodwill impairment test in 2020. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In August 2018, the FASB issued ASU No. 2018-14, "Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans." The amendments in this ASU modify the disclosure requirements for employers that sponsor defined benefit plans or other postretirement plans. Disclosures removed by this ASU include the following: 1) amounts in accumulated other comprehensive income expected to be recognized in net periodic benefit costs over the next fiscal year; 2) amount and timing of plan assets expected to be returned to the employer; and 3) the effects of a one percentage point change in assumed health care cost trend rates on the net periodic benefit costs and the benefit obligation for postretirement health care benefits. Additional disclosures required by this ASU include: 1) the weighted-average interest crediting rates used in an entity's cash balance pension plans and other similar plans and 2) explanations for reasons for significant changes in the benefit obligation or plan assets. All amendments should be applied retrospectively. This ASU is effective for fiscal years ending after December 15, 2020 or December 31, 2020 for the Corporation. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statement disclosures but will result in revised disclosures for retirement plans and other postretirement benefits.

Note 2. Earnings per Share

The Corporation uses the two-class method to calculate earnings per share as the unvested restricted stock awards outstanding under the Corporation's equity incentive plans are participating shares with nonforfeitable rights to dividends. Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the number of weighted average shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if options on common shares had been exercised, as well as any adjustment to income that would result from the assumed issuance, and if restricted stock units were vested. Potential common shares that may be issued by the Corporation relate to outstanding stock options and restricted stock units, and are determined using the treasury stock method. The effects of options to issue common stock and unvested restricted stock units are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.Anti-dilutive options are those options with weighted average exercise prices in excess of the weighted average market value.Anti-dilutive restricted stock units are those with hypothetical repurchases of shares, under the treasury stock method, exceeding the average restricted stock units outstanding for the periods presented.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended   March 31,
(Dollars and shares in thousands, except per share data)	2019			2018
Numerator:
Net income	$	16,079		$	12,850
Net income allocated to unvested restricted stock awards	(67		)	(97		)
Net income allocated to common shares	$	16,012		$	12,753
Denominator:
Weighted average shares outstanding	29,277			29,355
Average unvested restricted stock awards	(131		)	(215		)
Denominator for basic earnings per share—weighted-average shares outstanding	29,146			29,140
Effect of dilutive securities—employee stock options and restricted stock units	59			94
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,205			29,234
Basic earnings per share	$	0.55		$	0.44
Diluted earnings per share	$	0.55		$	0.44
Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share	348			217

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Note 3. Investment Securities

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at March 31, 2019 and December 31, 2018, by contractual maturity within each type:

	At March 31, 2019									At December 31, 2018
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years	$	6,997	$	—	$	(46	)	$	6,951	$	6,996	$	—	$	(104	)	$	6,892
	6,997		—		(46		)	6,951		6,996		—		(104		)	6,892
Residential mortgage-backed securities:
After 5 years to 10 years	11,005		23		(54		)	10,974		11,573		—		(135		)	11,438
Over 10 years	130,468		852		(285		)	131,035		124,065		287		(1,107		)	123,245
	141,473		875		(339		)	142,009		135,638		287		(1,242		)	134,683
Total	$	148,470	$	875	$	(385	)	$	148,960	$	142,634	$	287	$	(1,346	)	$	141,575
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year	$	10,067	$	—	$	(41	)	$	10,026	$	15,108	$	—	$	(90	)	$	15,018
After 1 year to 5 years	302		—		(5		)	297		303		—		(6		)	297
	10,369		—		(46		)	10,323		15,411		—		(96		)	15,315
State and political subdivisions:
Within 1 year	3,483		6		—			3,489		5,900		4		(6		)	5,898
After 1 year to 5 years	17,439		83		(1		)	17,521		15,459		36		(56		)	15,439
After 5 years to 10 years	40,506		458		—			40,964		43,923		318		(163		)	44,078
	61,428		547		(1		)	61,974		65,282		358		(225		)	65,415
Residential mortgage-backed securities:
After 1 year to 5 years	6,204		11		(75		)	6,140		5,799		3		(70		)	5,732
After 5 years to 10 years	46,409		14		(711		)	45,712		49,904		6		(1,381		)	48,529
Over 10 years	97,524		52		(1,663		)	95,913		100,873		26		(3,398		)	97,501
	150,137		77		(2,449		)	147,765		156,576		35		(4,849		)	151,762
Collateralized mortgage obligations:
After 5 years to 10 years	1,589		—		(60		)	1,529		1,677		—		(78		)	1,599
Over 10 years	1,260		—		(3		)	1,257		1,305		—		(16		)	1,289
	2,849		—		(63		)	2,786		2,982		—		(94		)	2,888
Corporate bonds:
Within 1 year	8,299		—		(42		)	8,257		7,806		—		(68		)	7,738
After 1 year to 5 years	16,512		7		(104		)	16,415		18,508		1		(332		)	18,177
After 5 years to 10 years	15,139		—		(289		)	14,850		16,146		—		(392		)	15,754
Over 10 years	60,000		—		(6,722		)	53,278		60,000		—		(8,542		)	51,458
	99,950		7		(7,157		)	92,800		102,460		1		(9,334		)	93,127
Total	$	324,733	$	631	$	(9,716	)	$	315,648	$	342,711	$	394	$	(14,598	)	$	328,507

Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due.

Securities with a carrying value of $374.5 million and $344.5 million at March 31, 2019 and December 31, 2018, respectively, were pledged to secure public deposits and other contractual obligations. In addition, securities of $298 thousand and $296 thousand were pledged to secure credit derivatives and interest rate swaps at March 31, 2019 and December 31, 2018, respectively. See Note 11, "Derivative Instruments and Hedging Activities" for additional information.

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The following table presents information related to sales of securities available-for-sale during the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Securities available-for-sale:
Proceeds from sales	$	491	$	1,010
Gross realized gains on sales	1		10
Tax expense related to net realized gains on sales	—		2

At March 31, 2019 and December 31, 2018, there were no reportable investments in any single issuer representing more than 10% of shareholders’ equity.

The following table shows the fair value of securities that were in an unrealized loss position at March 31, 2019 and December 31, 2018 by the length of time those securities were in a continuous loss position. For the investment securities in an unrealized loss position, the Corporation has concluded, based on its analysis, that the unrealized losses are primarily caused by the movement of interest rates and current market conditions and are not other-than temporary impairment of the securities. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the par value of the investment. It is more likely than not that the Corporation will not be required to sell the investments before a recovery of carrying value.

	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2019
Securities Held-to-Maturity
U.S. government corporations and agencies	$	—	$	—		$	6,951	$	(46	)	$	6,951	$	(46	)
Residential mortgage-backed securities	8,054		(2		)	40,353		(337		)	48,407		(339		)
Total	$	8,054	$	(2	)	$	47,304	$	(383	)	$	55,358	$	(385	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	—	$	—		$	10,323	$	(46	)	$	10,323	$	(46	)
State and political subdivisions	1,045		—			1,018		(1		)	2,063		(1		)
Residential mortgage-backed securities	—		—			141,650		(2,449		)	141,650		(2,449		)
Collateralized mortgage obligations	—		—			2,786		(63		)	2,786		(63		)
Corporate bonds	1,489		(10		)	88,304		(7,147		)	89,793		(7,157		)
Total	$	2,534	$	(10	)	$	244,081	$	(9,706	)	$	246,615	$	(9,716	)
At December 31, 2018
Securities Held-to-Maturity
U.S. government corporations and agencies	$	—	$	—		$	6,892	$	(104	)	$	6,892	$	(104	)
Residential mortgage-backed securities	48,192		(472		)	34,501		(770		)	82,693		(1,242		)
Total	$	48,192	$	(472	)	$	41,393	$	(874	)	$	89,585	$	(1,346	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	—	$	—		$	15,315	$	(96	)	$	15,315	$	(96	)
State and political subdivisions	9,311		(61		)	15,302		(164		)	24,613		(225		)
Residential mortgage-backed securities	7,099		(106		)	141,924		(4,743		)	149,023		(4,849		)
Collateralized mortgage obligations	1,289		(16		)	1,599		(78		)	2,888		(94		)
Corporate bonds	16,896		(235		)	75,730		(9,099		)	92,626		(9,334		)
Total	$	34,595	$	(418	)	$	249,870	$	(14,180	)	$	284,465	$	(14,598	)

At March 31, 2019, gross unrealized losses for securities available-for-sale in an unrealized loss position for twelve months or longer, totaled $9.7 million. Three federal agency bonds, thirty-three investment grade corporate bonds, 122 federal agency residential mortgage securities, two investment grade municipal bonds and two collateralized mortgage obligation bonds had respective unrealized loss positions of $46 thousand, $7.1 million, $2.4 million, $1 thousand and $63 thousand, respectively. The fair value of these 162 securities fluctuate with changes in market conditions which for these underlying securities is primarily due to changes in the interest rate environment. The Corporation does not intend to sell the securities in an unrealized loss position

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and is unlikely to be required to sell these securities before a recovery of fair value, which may be maturity. Upon review of the attributes of the individual securities, the Corporation concluded these securities were not other-than-temporarily impaired. The Corporation did not recognize any other-than-temporary impairment charges on debt securities for the three months ended March 31, 2019 and 2018.

The Corporation recognized a $4 thousand net gain and $4 thousand net loss on equity securities during the three months ended March 31, 2019 and 2018, respectively, in other noninterest income. There were no sales of equity securities during the three months ended March 31, 2019 or March 31, 2018.

Note 4. Loans and Leases

Summary of Major Loan and Lease Categories

	At March 31, 2019
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	910,493		$	17,145	$	927,638
Real estate-commercial	1,576,250			222,955		1,799,205
Real estate-construction	216,964			—		216,964
Real estate-residential secured for business purpose	304,574			56,348		360,922
Real estate-residential secured for personal purpose	361,488			47,652		409,140
Real estate-home equity secured for personal purpose	172,587			8,311		180,898
Loans to individuals	32,462			141		32,603
Lease financings	140,509			—		140,509
Total loans and leases held for investment, net of deferred income	$	3,715,327		$	352,552	$	4,067,879
Imputed interest on lease financings, included in the above table	$	(15,082	)	$	—	$	(15,082	)
Net deferred costs, included in the above table	4,426			—		4,426
Overdraft deposits included in the above table	208			—		208

	At December 31, 2018
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	913,166		$	24,519	$	937,685
Real estate-commercial	1,507,579			233,625		1,741,204
Real estate-construction	215,513			—		215,513
Real estate-residential secured for business purpose	302,393			60,403		362,796
Real estate-residential secured for personal purpose	338,451			49,959		388,410
Real estate-home equity secured for personal purpose	177,523			8,728		186,251
Loans to individuals	32,617			142		32,759
Lease financings	141,956			—		141,956
Total loans and leases held for investment, net of deferred income	$	3,629,198		$	377,376	$	4,006,574
Imputed interest on lease financings, included in the above table	$	(15,118	)	$	—	$	(15,118	)
Net deferred costs, included in the above table	3,930			—		3,930
Overdraft deposits included in the above table	139			—		139

Overdraft deposits are re-classified as loans and are included in the total loans and leases on the balance sheet.

The carrying amount of acquired loans at March 31, 2019 totaled $352.6 million, including $301.3 million of loans from the Fox Chase acquisition and $51.3 million from the Valley Green Bank acquisition. At March 31, 2019, loans acquired with deteriorated credit quality, or acquired credit impaired loans, totaled $693 thousand representing $62 thousand from the Fox Chase acquisition and $631 thousand from the Valley Green Bank acquisition. Acquired credit impaired loans are accounted for in accordance with Accounting Standards Codification (ASC) Topic 310-30.

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The outstanding principal balance and carrying amount for acquired credit impaired loans at March 31, 2019 and December 31, 2018 were as follows:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018
Outstanding principal balance	$	871	$	893
Carrying amount	693		695
Reserve for loan losses	—		—

The following table presents the changes in accretable yield on acquired credit impaired loans:

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Beginning of period	$	—		$	11
Reclassification from nonaccretable discount	142			81
Accretable yield amortized to interest income	(142		)	(87		)
End of period	$	—		$	5

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Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Acquired Credit Impaired		Total Loans and Leases Held for Investment		Recorded Investment 90 Days or more Past Due and Accruing Interest
At March 31, 2019
Commercial, financial and agricultural	$	1,661	$	210	$	1,952	$	3,823	$	923,815	$	—	$	927,638	$	—
Real estate—commercial real estate and construction:
Commercial real estate	2,133		647		5,518		8,298		1,790,701		206		1,799,205		—
Construction	341		—		106		447		216,517		—		216,964		—
Real estate—residential and home equity:
Residential secured for business purpose	1,521		515		1,138		3,174		357,323		425		360,922		—
Residential secured for personal purpose	3,346		—		1,811		5,157		403,921		62		409,140		325
Home equity secured for personal purpose	304		90		1,389		1,783		179,115		—		180,898		—
Loans to individuals	173		94		54		321		32,282		—		32,603		54
Lease financings	723		438		477		1,638		138,871		—		140,509		257
Total	$	10,202	$	1,994	$	12,445	$	24,641	$	4,042,545	$	693	$	4,067,879	$	636
At December 31, 2018
Commercial, financial and agricultural	$	1,043	$	270	$	2,228	$	3,541	$	934,144	$	—	$	937,685	$	—
Real estate—commercial real estate and construction:
Commercial real estate	5,425		1,538		1,599		8,562		1,732,436		206		1,741,204		—
Construction	2,163		106		—		2,269		213,244		—		215,513		—
Real estate—residential and home equity:
Residential secured for business purpose	2,497		777		1,164		4,438		357,932		426		362,796		—
Residential secured for personal purpose	2,334		—		1,586		3,920		384,427		63		388,410		—
Home equity secured for personal purpose	305		96		1,341		1,742		184,509		—		186,251		—
Loans to individuals	207		29		55		291		32,468		—		32,759		55
Lease financings	2,460		411		307		3,178		138,778		—		141,956		137
Total	$	16,434	$	3,227	$	8,280	$	27,941	$	3,977,938	$	695	$	4,006,574	$	192

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Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at March 31, 2019 and December 31, 2018. Nonperforming loans exclude acquired credit impaired loans from Fox Chase and Valley Green.

	At March 31, 2019								At December 31, 2018
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases
Commercial, financial and agricultural	$	2,904	$	270	$	—	$	3,174	$	3,365	$	382	$	—	$	3,747
Real estate—commercial real estate and construction:
Commercial real estate	18,361		—		—		18,361		18,214		—		—		18,214
Construction	106		—		—		106		106		—		—		106
Real estate—residential and home equity:
Residential secured for business purpose	1,232		—		—		1,232		1,318		160		—		1,478
Residential secured for personal purpose	1,636		—		325		1,961		1,587		—		—		1,587
Home equity secured for personal purpose	1,493		—		—		1,493		1,448		—		—		1,448
Loans to individuals	—		—		54		54		—		—		55		55
Lease financings	220		—		257		477		170		—		137		307
Total	$	25,952	$	270	$	636	$	26,858	$	26,208	$	542	$	192	$	26,942

* Includes nonaccrual troubled debt restructured loans of $3.2 million and $1.3 million at March 31, 2019 and December 31, 2018, respectively.

Credit Quality Indicators

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at March 31, 2019 and December 31, 2018.

The Corporation employs a risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose. The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. Loans with a relationship balance of less than $1 million are reviewed on a performance basis, with the primary monitored metrics being delinquency (60 days or more past due). Loans with relationships greater than $1 million are reviewed at least annually.  Loan relationships exceeding $15 million or classified as special mention or substandard are reviewed at least quarterly, or more frequently based on management’s discretion. 

1. Pass—Loans considered satisfactory with no indications of deterioration

2. Special Mention—Potential weakness that deserves management's close attention

3. Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt

4. Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable

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Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2019
Grade:
1. Pass	$	871,541	$	1,528,969	$	216,858	$	300,736	$	2,918,104
2. Special Mention	16,680		26,608		—		755		44,043
3. Substandard	22,272		20,673		106		3,083		46,134
4. Doubtful	—		—		—		—		—
Total	$	910,493	$	1,576,250	$	216,964	$	304,574	$	3,008,281
At December 31, 2018
Grade:
1. Pass	$	882,736	$	1,455,234	$	215,407	$	298,356	$	2,851,733
2. Special Mention	23,287		31,791		—		721		55,799
3. Substandard	7,143		20,554		106		3,316		31,119
4. Doubtful	—		—		—		—		—
Total	$	913,166	$	1,507,579	$	215,513	$	302,393	$	2,938,651

The following table presents classifications for acquired loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2019
Grade:
1. Pass	$	17,145	$	210,240	$	—	$	55,598	$	282,983
2. Special Mention	—		—		—		—		—
3. Substandard	—		12,715		—		750		13,465
4. Doubtful	—		—		—		—		—
Total	$	17,145	$	222,955	$	—	$	56,348	$	296,448
December 31, 2018
Grade:
1. Pass	$	24,450	$	220,911	$	—	$	59,567	$	304,928
2. Special Mention	—		—		—		—		—
3. Substandard	69		12,714		—		836		13,619
4. Doubtful	—		—		—		—		—
Total	$	24,519	$	233,625	$	—	$	60,403	$	318,547

Credit Exposure—Real Estate—Residential Secured for Personal Purpose, Real Estate—Home Equity Secured for Personal Purpose, Loans to individuals, Lease Financing Credit Risk Profile by Payment Activity

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: residential real estate loans secured for a personal purpose, home equity loans secured for a personal purpose, loans to individuals and lease financings. Nonperforming loans and leases are loans and leases past due 90 days or more, loans and leases on nonaccrual of interest and troubled debt restructured loans and lease modifications. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss.

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The following table presents classifications for originated loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Total
At March 31, 2019
Performing	$	360,486	$	172,143	$	32,408	$	140,032	$	705,069
Nonperforming	1,002		444		54		477		1,977
Total	$	361,488	$	172,587	$	32,462	$	140,509	$	707,046
At December 31, 2018
Performing	$	337,762	$	177,139	$	32,562	$	141,649	$	689,112
Nonperforming	689		384		55		307		1,435
Total	$	338,451	$	177,523	$	32,617	$	141,956	$	690,547

The following table presents classifications for acquired loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Total
At March 31, 2019
Performing	$	46,693	$	7,262	$	141	$	—	$	54,096
Nonperforming	959		1,049		—		—		2,008
Total	$	47,652	$	8,311	$	141	$	—	$	56,104
At December 31, 2018
Performing	$	49,061	$	7,664	$	142	$	—	$	56,867
Nonperforming	898		1,064		—		—		1,962
Total	$	49,959	$	8,728	$	142	$	—	$	58,829

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Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses for the three months ended March 31, 2019 and 2018:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended March 31, 2019
Reserve for loan and lease losses:
Beginning balance	$	7,983		$	13,903		$	2,236		$	3,199		$	484		$	1,288		$	271		$	29,364
Charge-offs	(468		)	(41		)	—			(11		)	(85		)	(104		)	N/A			(709		)
Recoveries	82			91			4			5			22			58			N/A			262
Provision (recovery of provision)	1,353			1,028			62			185			48			33			(25		)	2,684
Provision for acquired credit impaired loans	—			—			—			1			—			—			—			1
Ending balance	$	8,950		$	14,981		$	2,302		$	3,379		$	469		$	1,275		$	246		$	31,602
Three Months Ended March 31, 2018
Reserve for loan and lease losses:
Beginning balance	$	6,742		$	9,839		$	1,661		$	1,754		$	373		$	1,132		$	54		$	21,555
Charge-offs	(601		)	(40		)	—			—			(92		)	(136		)	N/A			(869		)
Recoveries	226			73			251			57			30			34			N/A			671
Provision (recovery of provision)	575			1,306			(41		)	96			61			49			6			2,052
Provision for acquired credit impaired loans	—			—			—			1			—			—			—			1
Ending balance	$	6,942		$	11,178		$	1,871		$	1,908		$	372		$	1,079		$	60		$	23,410

N/A – Not applicable

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The following presents, by portfolio segment, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method at March 31, 2019 and 2018:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At March 31, 2019
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	243	$	925	$	—	$	335	$	—	$	—	N/A		$	1,503
Ending balance: collectively evaluated for impairment	8,707		14,049		2,302		3,044		469		1,275		246		30,092
Ending balance: acquired non-credit impaired loans evaluated for impairment	—		7		—		—		—		—		—		7
Total ending balance	$	8,950	$	14,981	$	2,302	$	3,379	$	469	$	1,275	$	246	$	31,602
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	3,174	$	18,467	$	1,232	$	3,129	$	—	$	—			$	26,002
Ending balance: collectively evaluated for impairment	907,319		1,772,999		303,342		530,946		32,462		140,509				3,687,577
Loans measured at fair value	—		1,748		—		—		—		—				1,748
Acquired non-credit impaired loans	17,145		222,749		55,923		55,901		141		—				351,859
Acquired credit impaired loans	—		206		425		62		—		—				693
Total ending balance	$	927,638	$	2,016,169	$	360,922	$	590,038	$	32,603	$	140,509			$	4,067,879
At March 31, 2018
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	34	$	684	$	14	$	—	$	—	$	—	N/A		$	732
Ending balance: collectively evaluated for impairment	6,776		10,378		1,815		1,908		372		1,079		60		22,388
Ending balance: acquired non-credit impaired loans evaluated for impairment	132		116		42		—		—		—		—		290
Total ending balance	$	6,942	$	11,178	$	1,871	$	1,908	$	372	$	1,079	$	60	$	23,410
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	6,560	$	30,573	$	2,173	$	1,284	$	—	$	1,250			$	41,840
Ending balance: collectively evaluated for impairment	849,690		1,441,709		249,015		449,827		28,112		128,490				3,146,843
Loans measured at fair value	—		1,895		—		—		—		—				1,895
Acquired non-credit impaired loans	51,310		295,420		81,587		69,325		143		—				497,785
Acquired credit impaired loans	378		356		586		205		—		—				1,525
Total ending balance	$	907,938	$	1,769,953	$	333,361	$	520,641	$	28,255	$	129,740			$	3,689,888

N/A – Not applicable

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The Corporation does not provide a reserve for loan loss for acquired loans unless additional deterioration of the portfolio is identified over the projections utilized in the initial fair value analysis. After the acquisition measurement period, the present value of any decreases in expected cash flows of acquired credit impaired loans will generally result in an impairment charge recorded as a provision for loan loss.

Impaired Loans (excludes Lease Financings)

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at March 31, 2019 and December 31, 2018. The impaired loans exclude acquired credit impaired loans.

	At March 31, 2019						At December 31, 2018
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Impaired loans with no related reserve recorded:
Commercial, financial and agricultural	$	2,581	$	3,195			$	2,776	$	3,361
Real estate—commercial real estate	5,600		6,569				6,578		7,516
Real estate—construction	106		111				106		111
Real estate—residential secured for business purpose	1,232		1,417				1,478		1,660
Real estate—residential secured for personal purpose	911		975				863		911
Real estate—home equity secured for personal purpose	1,418		1,469				1,373		1,404
Total impaired loans with no related reserve recorded	$	11,848	$	13,736			$	13,174	$	14,963
Impaired loans with a reserve recorded:
Commercial, financial and agricultural	$	593	$	939	$	243	$	971	$	1,024	$	413
Real estate—commercial real estate	12,761		13,423		925		11,637		12,162		675
Real estate—residential secured for personal purpose	725		725		260		724		724		252
Real estate—home equity secured for personal purpose	75		75		75		75		75		75
Total impaired loans with a reserve recorded	$	14,154	$	15,162	$	1,503	$	13,407	$	13,985	$	1,415

Total impaired loans:
Commercial, financial and agricultural	$	3,174	$	4,134	$	243	$	3,747	$	4,385	$	413
Real estate—commercial real estate	18,361		19,992		925		18,215		19,678		675
Real estate—construction	106		111		—		106		111		—
Real estate—residential secured for business purpose	1,232		1,417		—		1,478		1,660		—
Real estate—residential secured for personal purpose	1,636		1,700		260		1,587		1,635		252
Real estate—home equity secured for personal purpose	1,493		1,544		75		1,448		1,479		75
Total impaired loans	$	26,002	$	28,898	$	1,503	$	26,581	$	28,948	$	1,415

Impaired loans include nonaccrual loans and accruing troubled debt restructured loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the original contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates.

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The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is an accruing troubled debt restructured loan or if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 

	Three Months Ended March 31, 2019						Three Months Ended March 31, 2018
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms
Commercial, financial and agricultural	$	3,650	$	5	$	54	$	7,703	$	40	$	77
Real estate—commercial real estate	18,245		3		254		19,916		172		287
Real estate—construction	106		—		1		183		—		2
Real estate—residential secured for business purpose	1,277		—		20		2,217		5		24
Real estate—residential secured for personal purpose	1,619		—		25		544		1		11
Real estate—home equity secured for personal purpose	1,426		—		23		549		—		8
Total	$	26,323	$	8	$	377	$	31,112	$	218	$	409

* Includes interest income recognized on a cash basis for nonaccrual loans of $3 thousandand$6 thousand for the three months ended March 31, 2019 and 2018, respectively, and interest income recognized on the accrual method for accruing impaired loans of $5 thousand and $212 thousand for the three months ended March 31, 2019 and 2018, respectively.

Impaired Leases

The Corporation had no impaired leases at March 31, 2019 and December 31, 2018.

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended March 31, 2019							Three Months Ended March 31, 2018
(Dollars in thousands)	Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve		Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	$	—	$	—	—	$	—	$	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural*	2	$	956	$	956	$	—	—	$	—	$	—	$	—
Real estate—commercial real estate*	1	1,313		1,313		—		—	—		—		—
Total	3	$	2,269	$	2,269	$	—	—	$	—	$	—	$	—

* The three loans in the above table were modified via the execution of a forbearance agreement. These loans relate to one borrower and were on nonaccrual status at the time of modification.

The Corporation grants concessions to existing borrowers primarily related to extensions of interest-only payment periods and an occasional payment modification. These modifications typically are for up to one year. The goal when restructuring a credit is to establish a reasonable period of time to provide cash flow relief to customers experiencing cash flow difficulties. Accruing troubled debt restructured loans are primarily comprised of loans on which interest is being accrued under the restructured terms, and the loans are current or less than ninety days past due.

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The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three months ended March 31, 2019 and 2018.

	Amortization Period Extension			Total Concessions Granted
(Dollars in thousands)	No. of Loans	Amount		No. of Loans	Amount
Three Months Ended March 31, 2019
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural	2	$	956	2	$	956
Real estate—commercial real estate	1	1,313		1	1,313
Total	3	$	2,269	3	$	2,269
Three Months Ended March 31, 2018
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:

	Three Months Ended March 31,
	2019			2018
(Dollars in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	1	$	953
Total	—	$	—	1	$	953

The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018
Real estate-residential secured for personal purpose	$	563	$	563
Real estate-home equity secured for personal purpose	1,134		1,134
Total	$	1,697	$	1,697

The Corporation held no foreclosed residential real estate property at March 31, 2019 and December 31, 2018.

Lease Financings

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", and subsequent related updates, to revise the accounting for leases. The Corporation adopted this guidance effective January 1, 2019 on a modified retrospective basis at January 1, 2019. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information. Lessor accounting was largely unchanged as a result of the standard. Additional disclosures required under the standard are included in the following section.

The Corporation, through Univest Capital, Inc., an equipment financing business and a subsidiary of the Bank, provides lease financing to customers primarily in the form of sales-type leases with fixed payment terms and $1.00 dollar buyout clauses. A minor number of contracts are classified as either direct financing leases or operating leases. The fair value of the identified assets

22

within sales-type and direct financing leases are equal to the carrying amount such that there is no profit or loss recorded or deferred upon lease commencement. All receivables related to the equipment financing business are recorded within lease financings as of March 31, 2019.

The primary risks that are involved with lease financing receivables are credit underwriting and borrower industry concentrations. The Corporation has strict underwriting, review and monitoring procedures in place to mitigate this risk. Risk also lies in the residual value of the underlying equipment. Residual values are subject to judgments as to the value of the underlying equipment that can be affected by changes in economic and market conditions and the financial viability of the residual guarantors and insurers. To the extent not guaranteed or assumed by a third party, or otherwise insured against, the Corporation bears the risk of ownership of the leased assets. This includes the risk that the actual value of the leased assets at the end of the lease term will be less than the residual value. The Corporation greatly reduces this risk primarily by using $1.00 buyout leases, in which the entire cost of the leased equipment is included in the contractual payments, leaving no residual payment at the end of the lease term for the majority of its lease portfolio.

Lease financings are stated at net investment amount, consisting of the present value of lease payments and unguaranteed residual value, plus initial direct costs. Initial direct costs, comprised of commissions paid that would not have been incurred if the lease had not been obtained, are deferred and amortized over the life of the contract, and are presented within net interest income on leases.

The following presents the schedule of minimum lease payments receivable:

(Dollars in thousands)	At March 31, 2019			At December 31, 2018
2019 (excluding the three months ended March 31, 2019)	$	42,206		$	55,201
2020	46,128			43,355
2021	32,719			29,678
2022	20,447			17,687
2023	8,895			6,674
Thereafter	2,647			1,975
Total future minimum lease payments receivable	153,042			154,570
Plus: Unguaranteed residual	672			600
Plus: Initial direct costs	1,877			1,904
Less: Imputed interest	(15,082		)	(15,118		)
Lease financings	$	140,509		$	141,956

Included within the "2019 (excluding the three months ended March 31, 2019)" line item above as of March 31, 2019 and December 31, 2018 are $7 thousand and $0 thousand, respectively, of receivables related to an operating lease contract.

For the three months ended March 31, 2019 and 2018, the Corporation recognized $2.0 million and $1.8 million, respectively, of interest income on lease financings within total interest and fees on loans and leases on the condensed consolidated statements of income. The Corporation did not record any profit or loss upon commencement date of its leases or any lease income related to variable lease payments.

Note 5. Goodwill and Other Intangible Assets

The Corporation has core deposit and customer-related intangibles and servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The Corporation also has goodwill which is deemed to be an indefinite intangible asset and is not amortized.

Changes in the carrying amount of the Corporation's goodwill by business segment for the three months ended March 31, 2019 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2018	$	138,476	$	15,434	$	18,649	$	172,559
Addition to goodwill from acquisitions	—		—		—		—
Balance at March 31, 2019	$	138,476	$	15,434	$	18,649	$	172,559

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The following table reflects the components of intangible assets at the dates indicated:

	At March 31, 2019						At December 31, 2018
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Covenants not to compete	$	—	$	—	$	—	$	710	$	710	$	—
Core deposit intangibles	6,788		3,376		3,412		6,788		3,143		3,645
Customer related intangibles	8,819		7,426		1,393		12,381		10,804		1,577
Servicing rights	17,639		10,914		6,725		17,314		10,546		6,768
Total amortized intangible assets	$	33,246	$	21,716	$	11,530	$	37,193	$	25,203	$	11,990

The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2019 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	1,148
2020		1,200
2021		923
2022		666
2023		409
Thereafter		459

The Corporation has originated mortgage servicing rights, which are included in other intangible assets on the consolidated balance sheet. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing income on a basis similar to the interest method and an accelerated amortization method for loan payoffs. Mortgage servicing rights are subject to impairment testing on a quarterly basis. The aggregate fair value of these rights was $10.3 million at March 31, 2019 and $11.5 million at December 31, 2018. The fair value of mortgage servicing rights was determined using a discount rate of 10.0% at March 31, 2019 and December 31, 2018. The Corporation also records servicing rights on small business administration (SBA) loans. The value of these servicing rights was $62 thousand and $42 thousand at March 31, 2019 and December 31, 2018, respectively.

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Beginning of period	$	6,768		$	6,573
Servicing rights capitalized	266			337
Amortization of servicing rights	(309		)	(305		)
End of period	$	6,725		$	6,605
Residential mortgage and SBA loans serviced for others	$	1,037,948		$	1,012,677

The estimated amortization expense of servicing rights for the remainder of 2019 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	1,017
2020		883
2021		759
2022		650
2023		555
Thereafter		2,861

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Note 6. Deposits

Deposits and their respective weighted average interest rate at March 31, 2019 and December 31, 2018 consist of the following:

	At March 31, 2019				At December 31, 2018
	Weighted Average Interest Rate		Amount		Weighted Average Interest Rate		Amount
	(Dollars in thousands)
Noninterest-bearing deposits	—	%	$	1,103,674	—	%	$	1,055,919
Demand deposits	1.17		1,441,540		1.01		1,377,171
Savings deposits	0.45		819,255		0.33		782,766
Time deposits	1.86		638,684		1.76		670,077
Total	0.81	%	$	4,003,153	0.73	%	$	3,885,933

The aggregate amount of time deposits in denominations of $100 thousand or more was $252.4 million at March 31, 2019 and $283.4 million at December 31, 2018. Deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC. Deposit insurance per account owner is currently up to $250 thousand. The aggregate amount of time deposits in denominations over $250 thousand was $102.1 million at March 31, 2019 and $129.5 million at December 31, 2018.

At March 31, 2019, the scheduled maturities of time deposits are as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	285,656
2020		167,034
2021		66,896
2022		37,394
2023		72,105
Thereafter		9,599
Total		$	638,684

Note 7. Borrowings

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization, from the Fox Chase acquisition.

	At March 31, 2019				At December 31, 2018
(Dollars in thousands)	Balance at End of Period		Weighted Average Interest Rate at End of Period		Balance at End of Period		Weighted Average Interest Rate at End of Period
Short-term borrowings:
FHLB borrowings	$	—	—	%	$	108,300	2.62	%
Federal funds purchased	55,000		2.55		60,000		2.60
Customer repurchase agreements	18,185		0.05		21,468		0.05
Long-term debt:
FHLB advances	$	125,000	1.92	%	$	125,000	1.92	%
Security repurchase agreements	20,263		2.83		20,330		2.71
Subordinated notes	$	94,635	5.33	%	$	94,574	5.33	%

The Corporation, through the Bank, has a credit facility with the Federal Home Loan Bank (FHLB) with a maximum borrowing capacity of approximately $1.7 billion. Advances from the FHLB are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets. At March 31, 2019 and December 31, 2018, the Bank had outstanding short-term letters of credit with the FHLB totaling $336.9 million and $347.5 million, respectively, which were utilized to collateralize public

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funds deposits. The maximum borrowing capacity with the FHLB changes as a function of the Bank’s qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank.    

The Corporation, through the Bank, maintains uncommitted federal fund credit lines with several correspondent banks that totaled $367.0 million at March 31, 2019 and December 31, 2018. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, holds collateral at the Federal Reserve Bank of Philadelphia in order to access the Discount Window Lending program. The collateral consisting of investment securities was valued at $104.9 million and $69.5 million at March 31, 2019 and December 31, 2018, respectively. At March 31, 2019 and December 31, 2018, the Corporation had no outstanding borrowings under this program.

The Corporation has a $10.0 million committed line of credit with a correspondent bank. At March 31, 2019 and December 31, 2018, the Corporation had no outstanding borrowings under this line.

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of March 31, 2019		Weighted Average Rate
Remainder of 2019	$	10,000	1.35	%
2020	40,000		1.70
2021	55,000		1.94
2022	10,000		2.09
2023	10,000		3.02
Thereafter	—		—
Total	$	125,000	1.92	%

Long-term debt under security repurchase agreements with large commercial banks mature as follows:

(Dollars in thousands)	As of March 31, 2019		Weighted Average Rate
Remainder of 2019	$	10,076	2.83	%
2020	10,187		2.82
2021	—		—
2022	—		—
2023	—		—
Thereafter	—		—
Total	$	20,263	2.83	%

Long-term debt under security repurchase agreements totaling $20.3 million are variable based on the one-month LIBOR rate plus a spread.

Note 8. Retirement Plans and Other Postretirement Benefits

Substantially all employees who were hired before December 8, 2009 are covered by a noncontributory retirement plan. Employees hired on or after December 8, 2009 are not eligible to participate in the noncontributory retirement plan. The Corporation also provides supplemental executive retirement benefits to certain former executives, a portion of which is in excess of limits imposed on qualified plans by federal tax law. These plans are non-qualified benefit plans. These non-qualified benefit plans are not offered to new participants and all current participants are now retired. Information on these plans are aggregated and reported under “Retirement Plans” within this footnote.

The Corporation also provides certain postretirement healthcare and life insurance benefits for retired employees. Information on these benefits is reported under “Other Postretirement Benefits” within this footnote.

The Corporation sponsors a Supplemental Non-Qualified Pension Plan, which was established in 1981 prior to the existence of the 401(k) deferred salary savings plan, employee stock purchase plan and long-term incentive plans and therefore is not offered to new participants. All current participants are now retired.

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Components of net periodic benefit cost (income) were as follows:

	Three Months Ended March 31,
	2019			2018			2019		2018
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	109		$	140		$	17	$	22
Interest cost	476			441			23		23
Expected return on plan assets	(771		)	(796		)	—		—
Amortization of net actuarial loss	294			280			—		1
Accretion of prior service cost	(45		)	(71		)	—		—
Net periodic benefit cost (income)	$	63		$	(6	)	$	40	$	46

The components of net periodic benefit cost other than the service cost component are included in other noninterest expense in the consolidated statements of income.

The Corporation previously disclosed in its financial statements for the year ended December 31, 2018 that it expected to make contributions of $157 thousand to its non-qualified retirement plans and $89 thousand to its other postretirement benefit plans in 2019. During the three months ended March 31, 2019, the Corporation contributed $40 thousand to its non-qualified retirement plans and $26 thousand to its other postretirement plans. During the three months ended March 31, 2019, $647 thousand was paid to participants from the retirement plans and $26 thousand was paid to participants from the other postretirement plans.

Note 9. Stock-Based Incentive Plan

The Corporation has a shareholder approved 2013 Long-Term Incentive Plan, which replaced the expired 2003 Long-Term Incentive Plan. In December 2018, the Corporation's Board of Directors approved an Amended and Restated Univest 2013 Long-Term Incentive Plan (the Plan) to allow for the issuance of restricted stock units.

During the three months ended March 31, 2019, the Corporation issued to directors and employees (“grantees”) restricted stock units rather than restricted stock awards or stock options, which were issued to grantees in prior reporting periods. Restricted stock units differ from restricted stock awards in that Corporation stock is not issued to grantees at the date of the grant and the grantee does not have voting or dividend rights during the vesting period. In the following schedules, issued restricted stock units have been combined with restricted stock awards, as the determination of the value at the grant date and methodology for recording stock-based compensation expense is the same for restricted stock units and restricted stock awards.    

The following is a summary of the Corporation's stock option activity and related information for the three months ended March 31, 2019:

(Dollars in thousands, except per share data)	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value at March 31, 2019
Outstanding at December 31, 2018	597,405		$	23.98
Expired	(7,756	)	22.99
Forfeited	(6,500	)	25.53
Exercised	(30,500	)	17.06
Outstanding at March 31, 2019	552,649		24.36		7.2	$	1,321
Exercisable at March 31, 2019	384,220		22.65		6.6	1,312

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The following is a summary of nonvested stock options at March 31, 2019 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Options		Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 2018	344,230		$	6.48
Vested	(169,301	)	6.44
Forfeited	(6,500	)	6.40
Nonvested stock options at March 31, 2019	168,429		6.52

The following aggregated assumptions were used to estimate the fair value of options granted during the three months ended March 31,2018. The Corporation did not issue stock options during the three months ended March 31, 2019.

	Three Months Ended March 31,
	2018
	Actual
Expected option life in years	6.6
Risk free interest rate	2.80	%
Expected dividend yield	2.81	%
Expected volatility	27.15	%
Fair value of options	$6.46

The following is a summary of nonvested restricted stock awards and nonvested restricted stock units at March 31, 2019 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Awards and Units		Weighted Average Grant Date Fair Value
Nonvested stock awards at December 31, 2018	157,579		$	25.33
Granted	113,729		25.66
Vested	(32,965	)	21.86
Cancelled	(17,349	)	19.68
Nonvested stock awards and units at March 31, 2019	220,994		26.46

The fair value of restricted stock awards and units is equivalent to the fair value of the Corporation's stock on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock awards and units is summarized below for the periods indicated:

	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2019		2018
Restricted stock awards and units granted	113,729		59,953
Weighted average grant date fair value	$	25.66	$	28.39
Intrinsic value of awards vested	$	809	$	1,193

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested stock options and nonvested restricted stock awards and units at March 31, 2019 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Stock options	$	965	1.6
Restricted stock awards and units	4,148		2.4
	$	5,113	2.3

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The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Stock-based compensation expense:
Stock options	$	216	$	228
Restricted stock awards and units	361		619
Employee stock purchase plan	17		15
Total	$	594	$	862
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	$	165	$	243

Note 10. Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized (Losses) Gains on Available-for-Sale Investment Securities			Net Change Related to Derivatives Used for Cash Flow Hedges			Net Change Related to Defined Benefit Pension Plans			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2018	$	(11,221	)	$	81		$	(17,276	)	$	(28,416	)
Adjustment to initially apply ASU No. 2017-12 for derivatives (1)	—			83			—			83
Other comprehensive income (loss)	4,044			(145		)	196			4,095
Balance, March 31, 2019	$	(7,177	)	$	19		$	(17,080	)	$	(24,238	)
Balance, December 31, 2017	$	(4,061	)	$	9		$	(13,719	)	$	(17,771	)
Adjustment to initially apply ASU No. 2016-01 for equity securities measured at fair value	(433		)	—			—			(433		)
Adjustment to initially apply ASU No. 2018-02 for reclassification of stranded net tax charges	(968		)	2			(2,955		)	(3,921		)
Other comprehensive (loss) income	(5,015		)	183			166			(4,666		)
Balance, March 31, 2018	$	(10,477	)	$	194		$	(16,508	)	$	(26,791	)

(1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

Note 11. Derivative Instruments and Hedging Activities

Interest Rate Swaps

In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" and subsequent related updates. The Corporation adopted this guidance effective January 1, 2019, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings at January 1, 2019. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

The Corporation may use interest rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The Corporation’s credit exposure on interest rate swaps includes fair value and any collateral that is held by a third party. Changes in the fair value of derivative instruments designated as hedges of future cash flows are recognized in accumulated other comprehensive income until the underlying transactions occur, at which time the deferred gains and losses are recognized in earnings. For a qualifying fair value hedge, the gain or loss on the hedging instrument is recognized in earnings, and the change in fair value of the hedge item, to the extent attributable to the hedged risk, adjusts the carrying amount of the hedge item and is recognized in earnings.

In 2014, the Corporation entered into an amortizing interest rate swap classified as a cash flow hedge with a notional amount of $20.0 million to hedge a portion of the debt financing of a pool of 10-year fixed rate loans with balances totaling $29.1 million, at time of the hedge, that were originated in 2013. A brokered money market demand account with a balance exceeding the

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amortizing interest rate swap balance is being used for the cash flow hedge. Under the terms of the swap agreement, the Corporation pays a fixed rate of 2.10% and receives a floating rate of one-monthLIBOR. The swap matures in November 2022. The Corporation performed an assessment of the hedge for effectiveness at the inception of the hedge and on a recurring basis to determine that the derivative has been and is expected to continue to be highly effective in offsetting changes in cash flows of the hedged item. At March 31, 2019, approximately $81 thousand in net deferred gains, net of tax, recorded in accumulated other comprehensive loss are expected to be reclassified into earnings during the next twelve months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to March 31, 2019. At March 31, 2019, the notional amount of the interest rate swap was $16.9 million, with a positive fair value of $24 thousand.

The Corporation has an interest rate swap classified as a fair value hedge with a current notional amount of $1.3 million to hedge a 10-year fixed rate loan that is earning interest at 5.83%. The Corporation pays a fixed rate of 5.83% and receives a floating rate based on the one-month LIBOR plus 350 basis points. The swap matures in October 2021. Effective January 1, 2019, the entire change in the fair values of the interest rate swap and the hedged loan included in the assessment of hedge effectiveness is recorded in interest income in the consolidated statements of operations. Prior to January 1, 2019, the difference between changes in the fair values of the interest rate swap agreement and the hedged loan represented hedge ineffectiveness and was recorded in other noninterest income in the consolidated statements of operations.

The Corporation has an interest rate swap with a current notional amount of $390 thousand, for a 15-year fixed rate loan that is earning interest at 7.43%. The Corporation pays a fixed rate of 7.43% and receives a floating rate based on the one-month LIBOR plus 224 basis points. The swap matures in April 2022. The interest rate swap is carried at fair value in accordance with FASB ASC 815 "Derivatives and Hedging." The loan is carried at fair value under the fair value option as permitted by FASB ASC 825 "Financial Instruments."

Credit Derivatives

The Corporation has agreements with third-party financial institutions whereby the third-party financial institution enters into interest rate derivative contracts with loan customers referred to them by the Corporation. By the terms of the agreements, the third-party financial institution has recourse to the Corporation for any exposure created under each swap contract in the event the customer defaults on the swap agreement and the agreement is in a paying position to the third-party financial institution. These transactions represent credit derivatives and are a customary arrangement that allows the Corporation to provide access to interest rate transactions for customers without creating the swap. The Corporation records the fair value of credit derivatives in other liabilities on the consolidated balance sheets. The Corporation recognizes changes in the fair value of credit derivatives, net of any fees received, in other noninterest income in the consolidated statements of income.

At March 31, 2019, the Corporation has twenty-two variable-rate to fixed-rate interest rate swap transactions between the third-party financial institution and customers with a current notional amount of $150.1 million and remaining maturities ranging from less than one year to 10 years. At March 31, 2019, the fair value of the swaps to the customers was a net liability of $2.8 million and $87.7 million of notional amount of the swaps were in paying positions while $62.4 million were in receiving positions to the third-party financial institution. At March 31, 2019, the fair value of the Corporation's interest rate swap credit derivatives was a liability of $79 thousand.

The maximum potential payments by the Corporation to the third-party financial institution under these credit derivatives are not estimable as they are contingent on future interest rates and the agreement does not provide for a limitation of the maximum potential payment amount.

Mortgage Banking Derivatives

Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1-to 4-family residential properties whose predominant risk characteristic is interest rate risk. The fair values of these derivative loan commitments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties.

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Derivatives Tables

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2019 and December 31, 2018. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2019
Interest rate swap - cash flow hedge	$	16,881	Other assets	$	24		$	—
Interest rate swap - fair value hedge	1,335			—		Other liabilities	4
Total	$	18,216		$	24		$	4
At December 31, 2018
Interest rate swap - cash flow hedge	$	17,076	Other assets	$	185		$	—
Interest rate swap - fair value hedge	1,346		Other assets	4			—
Total	$	18,422		$	189		$	—

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2019 and December 31, 2018:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2019
Interest rate swap	$	390		$	—	Other liabilities	$	19
Credit derivatives	150,118			—		Other liabilities	79
Interest rate locks with customers	21,904		Other assets	455			—
Forward loan sale commitments	22,814			—		Other liabilities	121
Total	$	195,226		$	455		$	219
At December 31, 2018
Interest rate swap	$	418		$	—	Other liabilities	$	20
Credit derivatives	122,410			—		Other liabilities	72
Interest rate locks with customers	21,494		Other assets	490			—
Forward loan sale commitments	23,227			—		Other liabilities	150
Total	$	167,549		$	490		$	242

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2019			2018
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	(16	)	$	20
Interest rate swap—fair value hedge—effectiveness	Interest income	1			—
Total net gain (loss)		$	17		$	(20	)

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The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2019			2018
Credit derivatives	Other noninterest income	$	264		$	4
Interest rate locks with customers	Net loss on mortgage banking activities	(35		)	(132		)
Forward loan sale commitments	Net gain (loss) on mortgage banking activities	29			(49		)
Total net gain (loss)		$	258		$	(177	)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	Accumulated Other Comprehensive Income	At March 31, 2019		At December 31, 2018
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	19	$	80
Total		$	19	$	80

Note 12. Fair Value Disclosures

Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period.

Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the end of each trading day. Level 2 of the valuation hierarchy includes securities issued by U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy.

Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available

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trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does not have sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control.

Certain corporate bonds owned by the Corporation are classified as Level 3 as they are not traded in active markets. The fair value of each bond is estimated by benchmarking similar transactions of structure, yield and credit which are owned by the Corporation and are actively traded in the market.

On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. If, upon the Corporation’s review or in comparing with another service, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to the current pricing service regarding the data used to determine the valuation of a particular security. If the Corporation determines there is market information that would support a different valuation than from the current pricing service’s evaluation, the Corporation may utilize and change the security's valuation. There were no material differences in valuations noted at March 31, 2019.

Derivative Financial Instruments

The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Interest rate swaps and mortgage banking derivative financial instruments are classified within Level 2 of the valuation hierarchy. Credit derivatives are valued based on credit worthiness of the underlying borrower which is a significant unobservable input and therefore classified in Level 3 of the valuation hierarchy.

Two commercial loans associated with interest rate swaps are classified in Level 3 of the valuation hierarchy since lending credit risk is not an observable input for these loans. The unrealized gain on the two loans was $28 thousand at March 31, 2019.

Contingent Consideration Liability

The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability.

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The following table presents the assets and liabilities measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018, classified using the fair value hierarchy:

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	10,323	$	—	$	10,323
State and political subdivisions	—		61,974		—		61,974
Residential mortgage-backed securities	—		147,765		—		147,765
Collateralized mortgage obligations	—		2,786		—		2,786
Corporate bonds	—		66,161		26,639		92,800
Total available-for-sale securities	—		289,009		26,639		315,648
Equity securities:
Equity securities - financial services industry	927		—		—		927
Money market mutual funds	1,838		—		—		1,838
Total equity securities	2,765		—		—		2,765
Loans*	—		—		1,748		1,748
Interest rate swaps*	—		24		—		24
Interest rate locks with customers*	—		455		—		455
Total assets	$	2,765	$	289,488	$	28,387	$	320,640
Liabilities:
Contingent consideration liability	$	—	$	—	$	235	$	235
Interest rate swaps*	—		23		—		23
Credit derivatives*	—		—		79		79
Forward loan sale commitments*	—		121		—		121
Total liabilities	$	—	$	144	$	314	$	458

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	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	15,315	$	—	$	15,315
State and political subdivisions	—		65,415		—		65,415
Residential mortgage-backed securities	—		151,762		—		151,762
Collateralized mortgage obligations	—		2,888		—		2,888
Corporate bonds	—		67,398		25,729		93,127
Total available-for-sale securities	—		302,778		25,729		328,507
Equity securities:
Equity securities - financial services industry	924		—		—		924
Money market mutual funds	1,241		—		—		1,241
Total equity securities	2,165		—		—		2,165
Loans*	—		—		1,779		1,779
Interest rate swap*	—		189		—		189
Interest rate locks with customers*	—		490		—		490
Total assets	$	2,165	$	303,457	$	27,508	$	333,130
Liabilities:
Contingent consideration liability	$	—	$	—	$	259	$	259
Interest rate swaps*	—		20		—		20
Credit derivatives*	—		—		72		72
Forward loan sale commitments*	—		150		—		150
Total liabilities	$	—	$	170	$	331	$	501

* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."

The following table includes a rollforward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019
(Dollars in thousands)	Balance at December 31, 2018			Purchases/additions			Sales		Payments received			Premium amortization, net		Increase (decrease) in value		Balance at March 31, 2019
Corporate bonds	$	25,729		$	—		$	—	$	—		$	—	$	910	$	26,639
Loans	1,779			—			—		(39		)	—		8		1,748
Credit derivatives	(72		)	(271		)	—		—			—		264		(79		)
Net total	$	27,436		$	(271	)	$	—	$	(39	)	$	—	$	1,182	$	28,308

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017			Purchases/additions		Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2018
Corporate bonds	$	27,986		$	—	$	—	$	—		$	—	$	(1,064	)	$	26,922
Loans	1,958			—		—		(37		)	—		(26		)	1,895
Credit derivatives	(36		)	—		—		—			—		5			(31		)
Net total	$	29,908		$	—	$	—	$	(37	)	$	—	$	(1,085	)	$	28,786

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The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019
(Dollars in thousands)	Balance at December 31, 2018		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2019
Girard Partners	$	259	$	—	$	33	$	9	$	235
Total contingent consideration liability	$	259	$	—	$	33	$	9	$	235

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2018
Girard Partners	$	339	$	—	$	34	$	17	$	322
Total contingent consideration liability	$	339	$	—	$	34	$	17	$	322

The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or impairment charges of individual assets. The following table represents assets measured at fair value on a non-recurring basis at March 31, 2019 and December 31, 2018:

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	24,499	$	24,499
Other real estate owned	—		—		540		540
Total	$	—	$	—	$	25,039	$	25,039

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	25,166	$	25,166
Other real estate owned	—		—		1,187		1,187
Total	$	—	$	—	$	26,353	$	26,353

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The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at March 31, 2019 and December 31, 2018. The disclosed fair values are classified using the fair value hierarchy.

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	66,141	$	—		$	—	$	66,141		$	66,141
Held-to-maturity securities	—		148,960			—		148,960			148,470
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			32,699
Loans held for sale	—		948			—		948			921
Net loans and leases held for investment	—		—			4,020,771		4,020,771			4,010,030
Servicing rights	—		—			10,362		10,362			6,725
Total assets	$	66,141	$	149,908		$	4,031,133	$	4,247,182		$	4,264,986
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	3,364,469	$	—		$	—	$	3,364,469		$	3,364,469
Time deposits	—		635,255			—		635,255			638,684
Total deposits	3,364,469		635,255			—		3,999,724			4,003,153
Short-term borrowings	—		73,185			—		73,185			73,185
Long-term debt	—		144,717			—		144,717			145,263
Subordinated notes	—		96,394			—		96,394			94,635
Total liabilities	$	3,364,469	$	949,551		$	—	$	4,314,020		$	4,316,236
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(7,988	)	$	—	$	(7,988	)	$	—

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	109,420	$	—		$	—	$	109,420		$	109,420
Held-to-maturity securities	—		141,575			—		141,575			142,634
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			28,337
Loans held for sale	—		1,798			—		1,798			1,754
Net loans and leases held for investment	—		—			3,924,329		3,924,329			3,950,265
Servicing rights	—		—			11,496		11,496			6,768
Total assets	$	109,420	$	143,373		$	3,935,825	$	4,188,618		$	4,239,178
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	3,215,856	$	—		$	—	$	3,215,856		$	3,215,856
Time deposits	—		664,738			—		664,738			670,077
Total deposits	3,215,856		664,738			—		3,880,594			3,885,933
Short-term borrowings	—		189,768			—		189,768			189,768
Long-term debt	—		144,021			—		144,021			145,330
Subordinated notes	—		95,113			—		95,113			94,574
Total liabilities	$	3,215,856	$	1,093,640		$	—	$	4,309,496		$	4,315,605
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,516	)	$	—	$	(2,516	)	$	—

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The following valuation methods and assumptions were used by the Corporation in estimating the fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed:

Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheet for cash and due from banks, interest-earning deposits with other banks, federal funds sold and other short-term investments is their stated value. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.

Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy.

Federal Home Loan Bank, Federal Reserve Bank and other stock: It is not practical to determine the fair values of Federal Home Loan Bank, Federal Reserve Bank and other stock, due to restrictions placed on their transferability.

Loans held for sale: The fair value of the Corporation’s mortgage loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. These loans are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans held for sale are carried at the lower of cost or estimated fair value. There were no valuation adjustments for loans held for sale at March 31, 2019 and December 31, 2018.

Loans and leases held for investment: The fair values for loans and leases held for investment are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers, adjusted as appropriate to consider credit, liquidity and marketability factors to arrive at a fair value that represents the Corporation's exit price at which these instruments would be sold or transferred.Loans and leases are classified within Level 3 in the fair value hierarchy since credit risk is not an observable input.

Impaired loans and leases held for investment: For impaired loans and leases, the Corporation uses a variety of techniques to measure fair value, such as using the current appraised value of the collateral, agreements of sale, discounting the contractual cash flows, and analyzing market data that the Corporation may adjust due to specific characteristics of the loan/lease or collateral. At March 31, 2019, impaired loans held for investment had a carrying amount of $24.5 million with a valuation allowance of $1.5 million. At December 31, 2018, impaired loans held for investment had a carrying amount of $26.6 million with a valuation allowance of $$1.4 million. The Corporation had no impaired leases at March 31, 2019 and December 31, 2018.

Servicing rights: The Corporation estimates the fair value of mortgage servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. Mortgage servicing rights are classified within Level 3 in the fair value hierarchy based upon management's assessment of the inputs. The Corporation reviews the mortgage servicing rights portfolio on a quarterly basis for impairment and the mortgage servicing rights are carried at the lower of amortized cost or estimated fair value. The Corporation also records servicing rights on SBA loans. At March 31, 2019 and December 31, 2018, servicing rights had a carrying amount of $6.7 million and $6.7 million, respectively, with no valuation allowance.

Goodwill and other identifiable assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. During the three months ended March 31, 2019, there were no triggering events that required valuation of goodwill and other identifiable intangible assets.

Other real estate owned: The fair value of other real estate owned (OREO) is originally estimated based upon the appraised value less estimated costs to sell. The fair value less cost to sell becomes the "original cost" of the OREO asset. Subsequently, OREO is reported at the lower of the original cost or the current fair value less cost to sell. Capital improvement expenses associated with the construction or repair of the property are capitalized as part of the cost of the OREO asset; however, the capitalized expenses may not increase the OREO asset's recorded value to an amount greater than the asset's fair value after improvements and less cost to sell. New appraisals are generally obtained on an annual basis if an agreement of sale does not exist. During the three months ended March 31, 2019, one property was sold with total proceeds of $599 thousand. At March 31, 2019 and December 31, 2018, OREO had a carrying amount of $540 thousand and $1.2 million, respectively. Other real estate owned is classified within Level 3 of the valuation hierarchy due to the unique characteristics of the collateral for each loan.

Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy.

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Short-term borrowings: The fair value of short-term borrowings are estimated using current market rates for similar borrowings and are classified within Level 2 in the fair value hierarchy.

Long-term debt: The fair value of long-term debt is estimated by using discounted cash flow analysis, based on current market rates for debt with similar terms and remaining maturities. Long-term debt is classified within Level 2 in the fair value hierarchy.

Subordinated notes: The fair value of the subordinated notes are estimated by discounting the principal balance using the treasury yield curve for the term to the call date as the Corporation has the option to call the subordinated notes. The subordinated notes are classified within Level 2 in the fair value hierarchy.

Off-balance-sheet instruments: Fair values for the Corporation’s off-balance-sheet instruments are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing and are classified within Level 2 in the fair value hierarchy.

Note 13. Segment Reporting

At March 31, 2019, the Corporation has three reportable business segments: Banking, Wealth Management and Insurance. The Corporation determines the segments based primarily upon product and service offerings, through the types of income generated and the regulatory environment. This is strategically how the Corporation operates and has positioned itself in the marketplace. Accordingly, significant operating decisions are based upon analysis of each of these segments. The parent holding company and intercompany eliminations are included in the "Other" segment.

The Corporation's Banking segment consists of commercial, consumer and mortgage banking as well as lease financing. The Wealth Management segment consists of investment advisory services, retirement plan services, trust, municipal pension services and broker/dealer services. The Insurance segment consists of commercial lines, personal lines, benefits and human resources consulting.

Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated below.

● The Banking segment provides financial services to individuals, businesses, municipalities and nonprofit organizations. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

● The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions.

● The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting.

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2019		At December 31, 2018		At March 31, 2018
Banking	$	4,942,539	$	4,895,732	$	4,519,423
Wealth Management	40,910		39,090		36,848
Insurance	31,837		30,117		28,651
Other	20,241		19,408		29,037
Consolidated assets	$	5,035,527	$	4,984,347	$	4,613,959

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The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2019 and 2018.

	Three Months Ended
	March 31, 2019
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	52,346		$	10	$	—	$	8		$	52,364
Interest expense	9,580			—		—		1,261			10,841
Net interest income	42,766			10		—		(1,253		)	41,523
Provision for loan and lease losses	2,685			—		—		—			2,685
Noninterest income	4,971			5,720		5,353		253			16,297
Intangible expenses	233			105		88		—			426
Other noninterest expense	27,779			3,794		3,126		432			35,131
Intersegment (revenue) expense*	(299		)	166		133		—			—
Income (expense) before income taxes	17,339			1,665		2,006		(1,432		)	19,578
Income tax (benefit) expense	3,120			314		193		(128		)	3,499
Net income (loss)	$	14,219		$	1,351	$	1,813	$	(1,304	)	$	16,079
Capital expenditures	$	765		$	39	$	25	$	21		$	850

	Three Months Ended
	March 31, 2018
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	43,522		$	5	$	—	$	7		$	43,534
Interest expense	5,001			—		—		1,261			6,262
Net interest income	38,521			5		—		(1,254		)	37,272
Provision for loan and lease losses	2,053			—		—		—			2,053
Noninterest income	4,789			5,740		5,086		(33		)	15,582
Intangible expenses	329			142		141		—			612
Restructuring charges	571			—		—		—			571
Other noninterest expense	27,661			3,658		3,245		(622		)	33,942
Intersegment (revenue) expense*	(291		)	153		138		—			—
Income (expense) before income taxes	12,987			1,792		1,562		(665		)	15,676
Income tax expense (benefit)	1,998			545		456		(173		)	2,826
Net income (loss)	$	10,989		$	1,247	$	1,106	$	(492	)	$	12,850
Capital expenditures	$	970		$	49	$	7	$	55		$	1,081

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. These expenses are generally allocated based upon number of employees and square footage utilized.

Note 14. Leases

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", and subsequent related updates, to revise the accounting for leases. The Corporation adopted this guidance effective January 1, 2019, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings at January 1, 2019. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

The Corporation and its subsidiaries are obligated under non-cancelable operating leases for premises for certain financial centers and other office locations The Corporation determines if an arrangement is a lease at inception by assessing whether a contract contains a right to control an identified asset for a period of time in exchange for consideration. Operating leases are included in operating lease right-of-use assets and operating lease liabilities in the consolidated balance sheet commencing at January 1, 2019. For purposes of calculating operating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that the Corporation will exercise that option and begins when the Corporation has control and possession of the leased property, which may be before rental payments are due under the lease. Right-of use assets and operating lease liabilities are recognized based on the present value of lease payments, discounted using the Corporation’s incremental

40

borrowing rate, over the lease term at the commencement date. The Corporation determines its incremental borrowing rate using publicly available information available for debt issuers with similar credit ratings as the Bank, as the majority of the Corporation’s leases are related to properties of the Bank. The Corporation continues to separately account for lease and non-lease components (such as property taxes, insurance, and maintenance costs) as historically reported. Rent expense for the Corporation's leases, which generally have escalating rental payments over the term of the lease, is recognized on a straight-line basis over the lease term. Most leases include one or more options to renew, with renewal terms generally containing one or more five-year renewal options. At March 31, 2019, the Corporation's leases have remaining terms of 1 to 24 years. The Corporation does not currently have any leases with an initial term of 12 months or less, including reasonably certain renewal terms; any such future leases will be recorded on the balance sheet.

Information with respect to operating leases under FASB ASC 842 "Leases" follows:

	Three Months Ended March 31,
(Dollars in thousands)	2019
Lease cost	$	947
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	873
	At March 31, 2019
Weighted-average remaining lease term in years	15.4
Weighted-average discount rate	4.23		%

At March 31, 2019, maturities of lease liabilities under FASB ASC 842 "Leases" are as follows:

Maturity of Lease Liabilities	(Dollars in thousands)	Amount
Remainder of 2019		$	2,663
2020		3,632
2021		3,688
2022		3,660
2023		3,610
Thereafter		37,389
Total lease payments		54,642
Less: imputed interest		(15,540		)
Present value of lease liabilities		$	39,102

At December 31, 2018, a summary of the future minimum rental commitments under non-cancelable operating leases with original or remaining terms greater than one year under FASB ASC 840 "Leases" was as follows:

Year	(Dollars in thousands)	Amount
2019		$	3,536
2020		3,632
2021		3,688
2022		3,660
2023		3,610
Thereafter		37,389
Total		$	55,515

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Note 15. Contingencies

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

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Item 2.     Management’s Discussion and Analysis of Financial Condition and Results of Operations

(All dollar amounts presented in tables are in thousands, except per share data. “BP” equates to “basis points”; “N/ M” equates to “not meaningful”; “—” equates to “zero” or “doesn’t round to a reportable number”; and “N/A” equates to “not applicable.” Certain prior period amounts have been reclassified to conform to the current-year presentation.)

Forward-Looking Statements

The information contained in this report may contain forward-looking statements. When used or incorporated by reference in disclosure documents, the words “believe,” “anticipate,” “estimate,” “expect,” “project,” “target,” “goal” and similar expressions are intended to identify forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including but not limited to those set forth below:

• Operating, legal and regulatory risks;

• Economic, political and competitive forces impacting various lines of business;

• Legislative, regulatory and accounting changes;

• Demand for our financial products and services in our market area;

• Volatility in interest rates;

• The composition and credit quality of our loan and investment portfolios;

• Our ability to access cost-effective funding;

• Our ability to continue to implement our business strategies;

• Our ability to manage market risk, credit risk and operational risk;

• Timing of revenues and expenditures;

• Returns on investment decisions;

• System failures or cyber-security breaches of our information technology infrastructure and those of our third-party service providers;

• Our ability to retain key employees;

• Other risks and uncertainties, including those occurring in the U.S. and world financial systems; and

• The risk that our analysis of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, expected or projected. These and other risk factors are more fully described in this report and in the Univest Financial Corporation (the Corporation) Annual Report on Form 10-K for the year ended December 31, 2018 under the section entitled "Item 1A - Risk Factors," and from time to time in other filings made by the Corporation with the SEC.

These forward-looking statements speak only at the date of the report. The Corporation expressly disclaims any obligation to publicly release any updates or revisions to reflect any change in the Corporation’s expectations with regard to any change in events, conditions or circumstances on which any such statement is based.

Critical Accounting Policies

Management, in order to prepare the Corporation’s financial statements in conformity with U.S. generally accepted accounting principles, is required to make estimates and assumptions that affect the amounts reported in the Corporation’s financial statements. There are uncertainties inherent in making these estimates and assumptions. Certain critical accounting policies, discussed below, could materially affect the results of operations and financial position of the Corporation should changes in circumstances require a change in related estimates or assumptions. The Corporation has identified the fair value measurement of investment securities available-for-sale and reserve for loan and lease losses as areas with critical accounting policies. For more information on these critical accounting policies, please refer to the Corporation’s 2018 Annual Report on Form 10-K.

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General

The Corporation is a Pennsylvania corporation, organized in 1973 and registered as a bank holding company pursuant to the

Bank Holding Company Act of 1956. Effective January 1, 2019, the name of the Corporation was changed from Univest Corporation of Pennsylvania to Univest Financial Corporation. The Corporation owns all of the capital stock of Univest Bank and Trust Co. The consolidated financial statements include the accounts of the Corporation and the Bank.

Through its wholly-owned subsidiaries, the Bank provides a variety of financial services for individuals, businesses, municipalities and non-profit organizations. Effective January 1, 2019, the Bank's wealth management segment was re-branded under the Girard name with associated name changes of several subsidiaries while continuing to provide fiduciary services, investment management, and financial and retirement planning. The Bank is the parent company of Girard Investment Services, LLC (formerly Univest Investments, Inc.), a full-service registered broker-dealer and a licensed insurance agency, Girard Advisory Services, LLC (formerly Girard Partners Ltd.), a registered investment advisory firm, Girard Pension Services, LLC (formerly TCG Investment Advisory, Inc.), a registered investment advisor, which provides investment consulting and management services to municipal entities. The Bank is also the parent company of Univest Insurance, LLC, an independent insurance agency and Univest Capital, Inc., an equipment financing business. The Bank's former subsidiary, Delview, Inc. was dissolved effective January 1, 2019.

The Corporation earns revenue primarily from the margins and fees generated from lending and depository services to customers as well as fee-based income from trust, insurance, mortgage banking and investment services to customers. The Corporation seeks to achieve adequate and reliable earnings through business growth while maintaining adequate levels of capital and liquidity and limiting exposure to credit and interest rate risk.

The Corporation seeks to establish itself as the financial provider of choice in the markets it serves. The Corporation plans to achieve this goal by offering a broad range of high quality financial products and services and by increasing market awareness of its brand and the benefits that can be derived from its products and services. The Corporation operates in attractive markets for financial services but also faces intense competition from domestic and international banking organizations and other insurance and wealth management providers. The Corporation has taken initiatives to achieve its business objectives by acquiring banks and other financial service providers in strategic markets, through marketing, public relations and advertising, by establishing standards of service excellence for customers, and by using technology to ensure that the needs of customers are understood and satisfied.

Executive Overview

The Corporation’s consolidated net income, earnings per share and return on average assets and average equity were as follows:

	Three Months Ended   March 31,						Change
(Dollars in thousands, except per share data)	2019			2018			Amount		Percent
Net income	$	16,079		$	12,850		$	3,229	25.1	%
Net income per share:
Basic	$	0.55		$	0.44		$	0.11	25.0
Diluted	0.55			0.44			0.11		25.0
Return on average assets	1.30		%	1.14		%	16 BP		14.0
Return on average equity	10.32			8.60			172 BP		20.0

The Corporation reported net income of $16.1 million, or $0.55 diluted earnings per share, for the three months ended March 31, 2019, compared to net income of $12.9 million, or $0.44 diluted earnings per share, for the three months ended March 31, 2018.

The first quarter of 2018 included restructuring costs related to financial center closures of $451 thousand, net of tax, or $0.02 of diluted earnings per share. There were no restructuring costs during the quarter ended March 31, 2019.

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Results of Operations

Net Interest Income

Net interest income is the difference between interest earned on loans and leases, investments and other interest-earning assets and interest paid on deposits and other interest-bearing liabilities. Net interest income is the principal source of the Corporation’s revenue. Table 1 presents a summary of the Corporation’s average balances, tax-equivalent interest income, interest expense, the tax-equivalent yields earned on average assets, the cost of average liabilities, and shareholders’ equity on a tax-equivalent basis for the three months ended March 31, 2019 and 2018. The tax-equivalent net interest margin is tax-equivalent net interest income as a percentage of average interest-earning assets. The tax-equivalent net interest spread represents the weighted average tax-equivalent yield on interest-earning assets less the weighted average cost of interest-bearing liabilities. The effect of net interest- free funding sources represents the effect on the net interest margin of net funding provided by noninterest-earning assets, noninterest-bearing liabilities and shareholders’ equity. Table 2 analyzes the changes in the tax-equivalent net interest income for the periods broken down by their rate and volume components.

Table 1, Table 2, and the interest income and net interest income analysis contain tax-equivalent financial information and measures determined by methods other than in accordance with U.S. GAAP. The management of the Corporation uses this non-GAAP financial information and measures in its analysis of the Corporation's performance. This financial information and measures should not be considered a substitute for GAAP basis financial information or measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of the non-GAAP financial information and measures provide useful information that is essential to a proper understanding of the financial results of the Corporation.

Three months ended March 31, 2019 versus 2018

Net interest income on a tax-equivalent basis for the three months ended March 31, 2019 was $42.2 million, an increase of $4.2 million, or 11.2%, compared to the three months ended March 31, 2018. The increase in tax-equivalent net interest income for the three months ended March 31, 2019 compared to the same period in 2018 was primarily due to the growth in average loans of 10.5% as well as modest net interest margin expansion.

The net interest margin on a tax-equivalent basis for the first quarter of 2019 was 3.75%, compared to 3.72% for the first quarter of 2018. The favorable impact of purchase accounting accretion was one basis point for the three months ended March 31, 2019, compared to two basis points for the three months ended March 31, 2018.

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Table 1—Average Balances and Interest Rates—Tax-Equivalent Basis

	Three Months Ended March 31,
	2019							2018
(Dollars in thousands)	Average Balance			Income/ Expense		Average Rate		Average Balance			Income/ Expense		Average Rate
Assets:
Interest-earning deposits with other banks	$	42,566		$	269	2.56	%	$	19,184		$	76	1.61	%
U.S. government obligations	20,039			82		1.66		23,921			94		1.59
Obligations of states and political subdivisions	64,167			546		3.45		74,554			593		3.23
Other debt and equity securities	385,990			2,631		2.76		359,451			2,095		2.36
Federal funds sold and other earning assets	32,360			586		7.34		29,057			504		7.03
Total interest-earning deposits, investments, federal funds sold and other earning assets	545,122			4,114		3.06		506,167			3,362		2.69
Commercial, financial and agricultural loans	811,071			10,758		5.38		782,200			8,900		4.61
Real estate—commercial and construction loans	1,822,276			21,559		4.80		1,600,394			17,618		4.46
Real estate—residential loans	938,299			11,412		4.93		837,495			9,675		4.69
Loans to individuals	32,524			518		6.46		27,960			413		5.99
Municipal loans and leases	332,299			3,221		3.93		311,752			2,892		3.76
Lease financings	80,893			1,435		7.19		74,709			1,344		7.30
Gross loans and leases	4,017,362			48,903		4.94		3,634,510			40,842		4.56
Total interest-earning assets	4,562,484			53,017		4.71		4,140,677			44,204		4.33
Cash and due from banks	44,714							42,506
Reserve for loan and lease losses	(30,111		)					(22,022		)
Premises and equipment, net	59,179							61,738
Operating lease right-of-use assets	37,129							—
Other assets	330,858							333,078
Total assets	$	5,004,253						$	4,555,977
Liabilities:
Interest-bearing checking deposits	$	478,927		$	714	0.60		$	425,027		$	292	0.28
Money market savings	918,487			3,748		1.65		658,367			1,343		0.83
Regular savings	789,033			814		0.42		834,375			557		0.27
Time deposits	655,303			2,927		1.81		541,478			1,499		1.12
Total time and interest-bearing deposits	2,841,750			8,203		1.17		2,459,247			3,691		0.61
Short-term borrowings	117,664			638		2.20		175,824			645		1.49
Long-term debt	145,299			739		2.06		155,765			665		1.73
Subordinated notes	94,603			1,261		5.41		94,359			1,261		5.42
Total borrowings	357,566			2,638		2.99		425,948			2,571		2.45
Total interest-bearing liabilities	3,199,316			10,841		1.37		2,885,195			6,262		0.88
Noninterest-bearing deposits	1,089,449							1,024,797
Operating lease liabilities	40,090							—
Accrued expenses and other liabilities	43,824							40,012
Total liabilities	4,372,679							3,950,004
Shareholders’ Equity:
Common stock	157,784							157,784
Additional paid-in capital	292,746							290,209
Retained earnings and other equity	181,044							157,980
Total shareholders’ equity	631,574							605,973
Total liabilities and shareholders’ equity	$	5,004,253						$	4,555,977
Net interest income				$	42,176						$	37,942
Net interest spread						3.34							3.45
Effect of net interest-free funding sources						0.41							0.27
Net interest margin						3.75	%						3.72	%
Ratio of average interest-earning assets to average interest-bearing liabilities	142.61		%					143.51		%

Notes:     For rate calculation purposes, average loan and lease categories include deferred fees and costs, purchase accounting adjustments,

and unearned discount. Nonaccrual loans and leases have been included in the average loan and lease balances. Loans held for sale have been included in the average loan balances. Tax-equivalent amounts for the three months ended March 31, 2019 and 2018 have been calculated using the Corporation's federal applicable rate of 21%.

46

Table 2—Analysis of Changes in Net Interest Income

The rate-volume variance analysis set forth in the table below compares changes in tax-equivalent net interest income for the periods indicated by their rate and volume components. The change in interest income/expense due to both volume and rate has been allocated proportionately.

	Three Months Ended
	March 31, 2019 Versus 2018
(Dollars in thousands)	Volume Change			Rate Change			Total
Interest income:
Interest-earning deposits with other banks	$	130		$	63		$	193
U.S. government obligations	(16		)	4			(12		)
Obligations of states and political subdivisions	(86		)	39			(47		)
Other debt and equity securities	162			374			536
Federal funds sold and other earning assets	59			23			82
Interest on deposits, investments, federal funds sold and other earning assets	249			503			752
Commercial, financial and agricultural loans	336			1,522			1,858
Real estate—commercial and construction loans	2,543			1,398			3,941
Real estate—residential loans	1,219			518			1,737
Loans to individuals	71			34			105
Municipal loans and leases	195			134			329
Lease financings	111			(20		)	91
Interest and fees on loans and leases	4,475			3,586			8,061
Total interest income	4,724			4,089			8,813
Interest expense:
Interest-bearing checking deposits	42			380			422
Money market savings	687			1,718			2,405
Regular savings	(32		)	289			257
Time deposits	363			1,065			1,428
Interest on time and interest-bearing deposits	1,060			3,452			4,512
Short-term borrowings	(255		)	248			(7		)
Long-term debt	(47		)	121			74
Interest on borrowings	(302		)	369			67
Total interest expense	758			3,821			4,579
Net interest income	$	3,966		$	268		$	4,234

47

Interest Income

Three months ended March 31, 2019 versus 2018

Interest income on a tax-equivalent basis for the three months ended March 31, 2019 was $53.0 million, an increase of $8.8 million, or 19.9%, from the same period in 2018. The increase in interest income for the three months ended March 31, 2019 was primarily due to organic loan growth in commercial real estate and residential real estate loans and an increase in loan yields primarily for commercial business and commercial real estate loans as the Federal Reserve increased interest rates 100 basis points in 2018. The favorable impact of purchase accounting accretion on interest-earning assets was one basis point for the three months ended March 31, 2019, compared to no impact on the yield on interest-earning assets for the same period in the prior year.

Interest Expense

Three months ended March 31, 2019 versus 2018

Interest expense for the three months ended March 31, 2019 was $10.8 million, an increase of $4.6 million, or 73.1%, from the same period in 2018. The increase in interest expense for the three months ended March 31, 2019 was primarily due to higher deposit costs, which were impacted by the Federal Reserve interest rate increases in 2018. In addition, average deposits grew 15.6% for the three months ended March 31, 2019 compared to the same period in 2018. The favorable impact of purchase accounting amortization on interest-bearing liabilities was one basis point for the three months ended March 31, 2019, compared to a favorable impact of three basis points for the same period in the prior year.

Provision for Loan and Lease Losses

The provision for loan and lease losses for the three months ended March 31, 2019 was $2.7 million, compared to $2.1 million for the same period in 2018. The provision for 2019 includes the impact of downgrading one $14.6 million shared national credit loan from pass to substandard. Incremental provision and general reserve recorded during the first quarter of 2019 was $1.5 million for this loan. Net loan and lease charge-offs for the three months ended March 31, 2019 were $447 thousand compared to $198 thousand for the same period in the prior year.

Noninterest Income

The following table presents noninterest income for the three months ended March 31, 2019 and 2018:

	Three Months Ended   March 31,				Change
(Dollars in thousands)	2019		2018		Amount			Percent
Trust fee income	$	1,887	$	1,996	$	(109	)	(5.5	)%
Service charges on deposit accounts	1,435		1,327		108			8.1
Investment advisory commission and fee income	3,789		3,683		106			2.9
Insurance commission and fee income	5,144		4,888		256			5.2
Other service fee income	2,267		2,169		98			4.5
Bank owned life insurance income	952		669		283			42.3
Net gain on sales of investment securities	1		10		(9		)	(90.0	)
Net gain on mortgage banking activities	483		716		(233		)	(32.5	)
Other income	339		124		215			N/M
Total noninterest income	$	16,297	$	15,582	$	715		4.6	%

48

Three months ended March 31, 2019 versus 2018

Noninterest income for the three months ended March 31, 2019 was $16.3 million, an increase of $715 thousand, or 4.6%, from the three months ended March 31, 2018. Investment advisory commission and fee income increased $106 thousand, or 2.9%, for the three months ended March 31, 2019, primarily due to new customer relationships, which were partially offset by market declines in the fourth quarter of 2018. Insurance commission and fee income increased $256 thousand, or 5.2%, for the three months ended March 31, 2019, primarily due to an increase in premiums for group life and health and commercial lines and an increase in contingent commission income of $111 thousand, which was $1.5 million for the three months ended March 31, 2019 compared to $1.4 million for the three months ended March 31, 2018. Contingent commission income is largely recognized in the first quarter of the year. Service charges on deposit accounts increased $108 thousand, or 8.1%, for the three months ended March 31, 2019, primarily due to increased fee income on cash management accounts. Other service fee income increased $98 thousand, or 4.5%, for the three months ended March 31, 2019, primarily due to increases in debit card interchange income, wire transfer fees and human resource consulting services within the insurance line of business. BOLI income increased $283 thousand, or 42.3%, for the three months ended March 31, 2019, primarily due to an increase in value of our non-qualified annuity portfolio of $249 thousand in the first quarter of 2019 compared to a decrease of $29 thousand in the first quarter of 2018. The value of the non-qualified annuity portfolio declined $287 thousand in the fourth quarter of 2018. During the first quarter of 2019, in order to reduce future volatility, the Corporation transferred the funds invested within the non-qualified annuity portfolio to a stable fund investment strategy. Other income increased $215 thousand, or 173.4%, for the three months ended March 31, 2019, primarily due to fees on risk participation agreements of $264 thousand related to increased customer activity compared to fees of $4 thousand in the same period of the prior year.

These increases were partially offset by a decrease in net gain on mortgage banking activities of $233 thousand, or 32.5%, for the three months ended March 31, 2019, primarily due to the Bank retaining, on balance-sheet, a higher percentage of its mortgage originations, as well as a contraction in margins to remain price competitive. Such on balance-sheet loans are predominantly hybrid adjustable rate mortgages. Trust fee income decreased $109 thousand, or 5.5%, for the three months ended March 31, 2019 compared to March 31, 2018, primarily due to a decrease in activity-based trust estate fees and assets under management.

Noninterest Expense

The following table presents noninterest expense for the three months ended March 31, 2019 and 2018:

	Three Months Ended   March 31,				Change
(Dollars in thousands)	2019		2018		Amount			Percent
Salaries, benefits and commissions	$	21,564	$	20,647	$	917		4.4	%
Net occupancy	2,611		2,757		(146		)	(5.3	)
Equipment	990		1,023		(33		)	(3.2	)
Data processing	2,514		2,232		282			12.6
Professional fees	1,264		1,355		(91		)	(6.7	)
Marketing and advertising	316		381		(65		)	(17.1	)
Deposit insurance premiums	452		391		61			15.6
Intangible expenses	426		612		(186		)	(30.4	)
Restructuring charges	—		571		(571		)	N/M
Other expense	5,420		5,156		264			5.1
Total noninterest expense	$	35,557	$	35,125	$	432		1.2	%

Three months ended March 31, 2019 versus 2018

Noninterest expense for the three months ended March 31, 2019 was $35.6 million, an increase of $432 thousand, or 1.2%, from the three months ended March 31, 2018. Salaries, benefits and commissions increased $917 thousand, or 4.4%, primarily attributable to additional staff hired to support revenue generation across all business lines, expansion of our commercial lending group in Lancaster County and annual merit increases. During the quarter ended March 31, 2019, the Corporation hired a team of eight commercial lenders and support staff which will focus on increasing the Bank's presence in Western Lancaster and York Counties. Data processing expense increased $282 thousand, or 12.6%, for the three months ended March 31, 2019, primarily due to continued investments in customer relationship management software, internal infrastructure improvements and outsourced

49

data processing solutions. Other expense increased $264 thousand, or 5.1%, for the three months ended March 31, 2019, primarily due to increases in interchange expense and corporate development expense.

These increases were partially offset by a decrease in net occupancy and equipment expense totaling $179 thousand, or 4.7%, primarily due to the closure of three financial service locations during April 2018. Intangibles expense decreased $186 thousand, or 30.4%, due to run-off of intangible assets. In addition, restructuring costs related to financial center closures and staffing rationalization were $571 thousand during the three months ended March 31, 2018. There were no restructuring costs during the three months ended March 31, 2019.

Tax Provision

The provision for income taxes for the three months ended March 31, 2019 and 2018 was $3.5 million and $2.8 million, at effective rates of 17.9% and 18.0%, respectively. The Corporation's effective income tax rates for the three months ended March 31, 2019 and 2018 were favorably impacted by discrete tax benefits. Excluding these items, the effective tax rate was 18.2% and 18.8% for the three months ended March 31, 2019 and 2018, respectively.

Financial Condition

Assets

The following table presents assets at the dates indicated:

	At March 31,   2019			At December 31,   2018			Change
(Dollars in thousands)							Amount			Percent
Cash and interest-earning deposits	$	66,141		$	109,420		$	(43,279	)	(39.6	)
Investment securities	466,883			473,306			(6,423		)	(1.4	)
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	32,699			28,337			4,362			15.4
Loans held for sale	921			1,754			(833		)	(47.5	)
Loans and leases held for investment	4,067,879			4,006,574			61,305			1.5
Reserve for loan and lease losses	(31,602		)	(29,364		)	(2,238		)	(7.6	)
Premises and equipment, net	59,091			59,559			(468		)	(0.8	)
Operating lease right-of-use assets	36,099			—			36,099			N/M
Goodwill and other intangibles, net	184,089			184,549			(460		)	(0.2	)
Bank owned life insurance	112,551			111,599			952			0.9
Accrued interest receivable and other assets	40,776			38,613			2,163			5.6
Total assets	$	5,035,527		$	4,984,347		$	51,180		1.0	%

Investment Securities

Total investments securities at March 31, 2019decreased$6.4 million from December 31, 2018. Maturities and pay-downs of $20.6 million, calls of $770 thousand, sales of $491 thousand, net amortization of purchased premiums and discounts of $537 thousand were partially offset by purchases of $10.9 million and increases in the fair value of available-for-sale investment securities of $5.1 million. The increase in the fair value of available-for-sale investment securities was due to the flattening of the yield curve.

Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost

The Bank is a member of the FHLB, and as such, is required to hold FHLB stock as a condition of membership as determined by the FHLB. The Bank is required to hold additional stock in the FHLB in relation to the level of outstanding borrowings. The Bank held FHLB stock of $18.0 million and $13.6 million at March 31, 2019 and December 31, 2018, respectively. FHLB stock increased$4.4 million mainly due to purchase requirements related to the increase in FHLB borrowing volume during the quarter.

The Bank held $14.6 million in Federal Reserve Bank stock as required by the Federal Reserve Bank at March 31, 2019 and December 31, 2018.

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Loans and Leases

Gross loans and leases held for investment grew $61.3 million, or 1.5%, from December 31, 2018. The growth in loans was primarily in commercial real estate and residential real estate loans.

Asset Quality

The Bank's strategy for credit risk management focuses on having well-defined credit policies and uniform underwriting criteria and providing prompt attention to potential problem loans and leases. Performance of the loan and lease portfolio is monitored on a regular basis by Bank management and lending officers.

Loans and leases are deemed impaired when, based on current information and events, it is probable that the Bank will be unable to collect all proceeds due according to the original contractual terms of the agreement or when a loan or lease is classified as a troubled debt restructuring. Factors considered by management in determining impairment include payment status, borrower cash flows, collateral value and the probability of collecting scheduled principal and interest payments when due.

When a loan or lease, including a loan or lease that is impaired, is classified as nonaccrual, the accrual of interest on such a loan or lease is discontinued. A loan or lease is typically classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest, even though the loan or lease is currently performing. A loan or lease may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan or lease is placed on nonaccrual status, unpaid interest credited to income is reversed and the amortization of net deferred fees and costs is suspended. Interest payments received on nonaccrual loans and leases are either applied against principal or reported as interest income, according to management’s judgment as to the ultimate collectability of principal.

Loans or leases are usually restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time, and the ultimate collectability of the total contractual principal and interest is no longer in doubt.

At March 31, 2019, the recorded investment in loans held for investment that were considered to be impaired was $26.0 million. The related reserve for loan losses was $1.5 million. At December 31, 2018, the recorded investment in loans that were considered to be impaired was $26.6 million. The related reserve for loan losses was $1.4 million. The impaired loan balances consisted mainly of commercial real estate loans and business loans. Impaired loans include nonaccrual loans and leases and accruing troubled debt restructured loans and lease modifications for which it is probable that not all principal and interest payments due will be collectible in accordance with the original contractual terms. The amount of the specific reserve needed for these credits could change in future periods subject to changes in facts and judgments related to these credits. Specific reserves have been established based on current facts and management’s judgments about the ultimate outcome of these credits.

Other real estate owned was $540 thousand at March 31, 2019, compared to $1.2 million at December 31, 2018. During the first quarter of 2019, a commercial real estate property with a carrying value of $654 thousand was sold for a loss of $55 thousand.

Reserve for Loan and Lease Losses

The reserve for loan and lease losses is maintained at a level representing management's best estimate of known risks and inherent losses in the portfolio, based upon management's evaluation of the portfolio's collectability. Management evaluates the need to establish reserves against losses on loans and leases on a quarterly basis. When changes in the reserve are necessary, an adjustment is made.

The reserve for loan and lease losses consists of a reserve for impaired loans and leases and a general valuation allowance on the remainder of the originated portfolio. Although management determines the amount of each element of the reserve separately, the entire reserve for loan and lease losses is available for losses in the portfolio. The Corporation does not provide a reserve for loan losses for acquired loans unless additional deterioration of the portfolio is identified over the projections utilized in the initial fair value analysis. After the acquisition measurement period, the present value of any decreases in expected cash flows of acquired credit impaired loans will generally result in an impairment charge recorded as a provision for loan losses.

The Corporation maintains a reserve in other liabilities for off-balance sheet credit exposures that currently are unfunded in categories with historical loss experience. The reserve for these off-balance sheet credits was $421 thousand and $426 thousand at March 31, 2019 and December 31, 2018, respectively.

51

Table 3—Nonaccrual and Past Due Loans and Leases; Troubled Debt Restructured Loans and Lease Modifications; Other Real Estate Owned; and Related Ratios

The following table details information pertaining to the Corporation’s nonperforming assets at the dates indicated. Nonperforming loans and assets exclude acquired credit impaired loans from Fox Chase and Valley Green.

(Dollars in thousands)	At March 31, 2019			At December 31, 2018
Nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications*:
Commercial, financial and agricultural	$	2,904		$	3,365
Real estate—commercial	18,361			18,214
Real estate—construction	106			106
Real estate—residential	4,361			4,353
Lease financings	220			170
Total nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications*	25,952			26,208
Accruing troubled debt restructured loans and lease modifications not included in the above	270			542
Accruing loans and leases 90 days or more past due:
Real estate—residential	325			—
Loans to individuals	54			55
Lease financings	257			137
Total accruing loans and leases, 90 days or more past due	636			192
Total nonperforming loans and leases	26,858			26,942
Other real estate owned	540			1,187
Total nonperforming assets	$	27,398		$	28,129
Nonaccrual loans and leases (including nonaccrual troubled debt restructured loans and lease modifications) / loans and leases held for investment	0.64		%	0.65		%
Nonperforming loans and leases / loans and leases held for investment	0.66			0.67
Nonperforming assets / total assets	0.54			0.56
Allowance for loan and lease losses	$	31,602		$	29,364
Allowance for loan and lease losses / loans and leases held for investment	0.78		%	0.73		%
Allowance for loan and lease losses / loans and leases held for investment (excluding acquired loans at period-end)	0.85			0.81
Allowance for loan and lease losses / nonaccrual loans and leases held for investment	121.77			112.04
Allowance for loan and lease losses / nonperforming loans and leases held for investment	117.66			108.99
Acquired credit impaired loans	$	693		$	695
Nonperforming loans and leases and acquired credit impaired loans / loans and leases held for investment	0.68		%	0.69		%
Nonperforming assets and acquired credit impaired loans / total assets	0.56			0.58
* Nonaccrual troubled debt restructured loans and lease modifications included in nonaccrual loans and leases in the above table	$	3,240		$	1,284

52

The following table provides additional information on the Corporation’s nonaccrual loans held for investment:

(Dollars in thousands)	At March 31, 2019			At December 31, 2018
Total nonaccrual loans and leases, including nonaccrual troubled debt restructured loans and lease modifications	$	25,952		$	26,208
Nonaccrual loans and leases with partial charge-offs	2,730			2,210
Life-to-date partial charge-offs on nonaccrual loans and leases	1,612			1,320
Charge-off rate of nonaccrual loans and leases with partial charge-offs	37.1		%	37.4		%
Specific reserves on impaired loans	$	1,503		$	1,415

Goodwill and Other Intangible Assets

Goodwill and other intangible assets have been recorded on the books of the Corporation in connection with acquisitions. The Corporation has core deposit and customer-related intangibles and servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The amortization of intangible assets was $725 thousand and $899 thousand for the three months ended March 31, 2019 and 2018, respectively. See Note 5 to the Consolidated Financial Statements, "Goodwill and Other Intangible Assets," for a summary of intangible assets at March 31, 2019 and December 31, 2018.

The Corporation also has goodwill with a net carrying value of $172.6 million at March 31, 2019 and December 31, 2018, which is deemed to be an indefinite intangible asset and is not amortized. The Corporation completes a goodwill impairment analysis at least on an annual basis, or more often, if events and circumstances indicate that there may be impairment. The Corporation also completes an impairment test for other identifiable intangible assets on an annual basis or more often if events and circumstances indicate there may be impairment. There was no impairment of goodwill or identifiable intangibles during the three months ended March 31, 2019 and 2018. Since the last annual impairment analysis during 2018, there have been no circumstances to indicate impairment. There can be no assurance that future impairment assessments or tests will not result in a charge to earnings.

Liabilities

The following table presents liabilities at the dates indicated:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018		Change
					Amount			Percent
Deposits	$	4,003,153	$	3,885,933	$	117,220		3.0	%
Short-term borrowings	73,185		189,768		(116,583		)	(61.4	)
Long-term debt	145,263		145,330		(67		)	—
Subordinated notes	94,635		94,574		61			0.1
Operating lease liabilities	39,102		—		39,102			N/M
Accrued interest payable and other liabilities	42,583		44,609		(2,026		)	(4.5	)
Total liabilities	$	4,397,921	$	4,360,214	$	37,707		0.9	%

Deposits

Total deposits increased $117.2 million, or 3.0%, from December 31, 2018, primarily due to increases in commercial and consumer deposits.

Borrowings

Total borrowings decreased$116.6 million, or 27.1%, from December 31, 2018, primarily due to a decrease in short-term borrowings of $116.6 million. The increase in deposits reduced the need to borrow short-term funds.

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Shareholders’ Equity

The following table presents total shareholders’ equity at the dates indicated:

(Dollars in thousands)	At March 31, 2019			At December 31, 2018			Change
							Amount			Percent
Common stock	$	157,784		$	157,784		$	—		—	%
Additional paid-in capital	293,255			292,401			854			0.3
Retained earnings	256,746			248,167			8,579			3.5
Accumulated other comprehensive loss	(24,238		)	(28,416		)	4,178			14.7
Treasury stock	(45,941		)	(45,803		)	(138		)	(0.3	)
Total shareholders’ equity	$	637,606		$	624,133		$	13,473		2.2	%

The increase in shareholder's equity at March 31, 2019 of $13.5 million, or 2.2%, from December 31, 2018 was primarily related to an increase in retained earnings of $8.6 million. Retained earnings at March 31, 2019 was impacted by the three months of net income of $16.1 million partially offset by the related adjustments to the January 1, 2019 adoption of ASU No. 2016-02 of $1.5 million and cash dividends declared of $5.9 million. Accumulated other comprehensive loss decreased by $4.2 million mainly attributable to increases in the fair value of available-for-sale investment securities of $4.0 million, net of tax.

Discussion of Segments

The Corporation has three operating segments: Banking, Wealth Management and Insurance. Detailed segment information appears in Note 13, "Segment Reporting" included in the Notes to the Consolidated Financial Statements under Item 1 of this Quarterly Report on Form 10-Q (Note 13 in the Notes to the Consolidated Financial Statements).

Banking segment, as presented in Note 13 in the Notes to the Consolidated Financial Statements, reports pre-tax income of $17.3 million and $13.0 million for the three months ended March 31,2019 and 2018, respectively. See the section of this MD&A under the heading “Net Interest Income", “Interest Income”, “Interest Expense”, and “Provision for Loan and Lease Losses” for a discussion of the Banking Segment.

Wealth Management segment, as presented in Note 13 in the Notes to the Consolidated Financial Statements, reports pre-tax income of $1.7 million and $1.8 million for the three months ended March 31,2019 and 2018, respectively. The decrease in pre-tax income is primarily attributable to higher noninterest expense in the three months ended March 31, 2019 as compared to the three months ended March 31, 2018. Noninterest income remained flat at $5.7 million for both the three months ended March 31,2019 and 2018. Wealth Management assets under management and supervision were $3.6 billion as of March 31, 2019 and $3.4 billion as of March 31, 2018. The increase in assets under management and supervision as of March 31, 2019, as compared to March 31, 2018, was primarily driven by new customer relationships and an increase in the equity markets as of each respective period-end.

Insurance segment, as presented in Note 13 in the Notes to the Consolidated Financial Statements, reports pre-tax income of $2.0 million and $1.6 million for the three months ended March 31, 2019 and 2018, respectively, and noninterest income of $5.4 million and $5.1 million for the three months ended March 31, 2019 and 2018, respectively. Noninterest income has increased primarily due to increases in group life and health premiums and contingent commission income.

Capital Adequacy

The Corporation and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s and the Bank’s financial statements. Capital adequacy guidelines, and additionally for the Bank the prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weighting and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Corporation and the Bank to maintain minimum amounts and ratios (set forth in the following table) of Total capital, Tier 1 capital and Tier 1 common capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined), or leverage ratio.

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In July 2013, the federal bank regulatory agencies adopted final rules revising the agencies’ capital adequacy guidelines and prompt corrective action rules, designed to enhance such requirements and implement the revised standards of the Basel Committee on Banking Supervision, commonly referred to as Basel III. The new minimum capital requirements were effective on January 1, 2015. Under the new rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity Tier 1 capital above its minimum risk-based capital requirements in an amount greater than 2.5% of total risk-weighted assets. The capital conservation buffer requirements began to be phased in beginning January 1, 2016 and were fully applicable on January 1, 2019.

The Corporation adopted the new Basel III regulatory capital rules during the first quarter of 2015 under the transition rules, primarily relating to regulatory deductions and adjustments impacting common equity tier 1 capital and tier 1 capital, to be phased in over a four-year period beginning January 1, 2015. Under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in regulatory capital. Beginning in the first quarter of 2019, the Corporation and the Bank must hold a capital conservation buffer greater than 2.50% above its minimum risk-based capital requirements in order to avoid limitations on capital distributions. The Corporation's and Bank's intent is to maintain capital levels in excess of the capital conservation buffer which would require Tier 1 Capital to Risk Weighted Assets to exceed 8.50% and Total Capital to Risk Weighted Assets to exceed 10.50% beginning in the first quarter of 2019. The Corporation and the Bank were in compliance with these requirements at March 31, 2019.

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Table 4—Regulatory Capital

The Corporation's and Bank's actual and required capital ratios as of March 31, 2019 and December 31, 2018 under regulatory capital rules were as follows.

	Actual				For Capital Adequacy Purposes				To Be Well-Capitalized Under Prompt Corrective Action Provisions
(Dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
At March 31, 2019
Total Capital (to Risk-Weighted Assets):
Corporation	$	616,154	13.77	%	$	357,939	8.00	%	$	447,424	10.00	%
Bank	517,223		11.61		356,329		8.00		445,412		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	489,197		10.93		268,454		6.00		357,939		8.00
Bank	484,901		10.89		267,247		6.00		356,329		8.00
Tier 1 Common Capital (to Risk-Weighted Assets):
Corporation	489,197		10.93		201,341		4.50		290,825		6.50
Bank	484,901		10.89		200,435		4.50		289,518		6.50
Tier 1 Capital (to Average Assets):
Corporation	489,197		10.10		193,769		4.00		242,211		5.00
Bank	484,901		10.05		192,972		4.00		241,215		5.00
At December 31, 2018
Total Capital (to Risk-Weighted Assets):
Corporation	$	604,213	13.70	%	$	352,764	8.00	%	$	440,955	10.00	%
Bank	506,728		11.54		351,220		8.00		439,026		10.00
Tier 1 Capital (to Risk-Weighted Assets):
Corporation	479,550		10.88		264,573		6.00		352,764		8.00
Bank	476,639		10.86		263,415		6.00		351,220		8.00
Tier 1 Common Capital (to Risk-Weighted Assets):
Corporation	479,550		10.88		198,430		4.50		286,621		6.50
Bank	476,639		10.86		197,561		4.50		285,367		6.50
Tier 1 Capital (to Average Assets):
Corporation	479,550		10.13		189,374		4.00		236,718		5.00
Bank	476,639		10.12		188,487		4.00		235,609		5.00

At March 31, 2019 and December 31, 2018, management believes that the Corporation and the Bank continued to meet all capital adequacy requirements to which they are subject. The Corporation, like other bank holding companies, currently is required to maintain Tier 1 capital and Total capital equal to at least 6.0% and 8.0%, respectively, of total risk-weighted assets (including various off-balance-sheet items). The Bank, like other depository institutions, is required to maintain similar capital levels under capital adequacy guidelines. Beginning in the first quarter of 2019, the Corporation and the Bank must hold a capital conservation buffer comprised of common equity Tier 1 capital above its minimum risk-based capital requirements in an amount greater than 2.50% of total risk-weighted assets in order to avoid limitations on capital distributions. The Corporation and the Bank were in compliance with these requirements at March 31, 2019. For a depository institution to be considered “well capitalized” under the regulatory framework for prompt corrective action, Tier 1 and Total capital ratios must be at least 8.0% and 10.0% on a risk-adjusted basis, respectively. At March 31, 2019, the Bank is categorized as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the Bank’s category. The January 1, 2019 adoption of ASU No. 2016-02 had and will continue to have a negative impact on all Corporation and Bank regulatory capital ratios. The Corporation will continue to analyze the impact of new accounting rules, such as CECL (ASU No. 2016-13) on its regulatory capital ratios.

In December 2018, the Federal Reserve announced that a banking organization that experiences a reduction in retained earnings due to the CECL adoption as the beginning of the fiscal year in which CECL is adopted may elect to phase in the regulatory capital impact of adopting CECL. Transitional amounts would be calculated for the following items: retained earnings, temporary

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difference deferred tax assets and credit loss allowances eligible for inclusion in regulatory capital. When calculating regulatory capital ratios, 25% of the transitional amounts are phased in during the first year. An additional 25% of the transitional amounts are phased in over each of the next two years and at the beginning of the fourth year, the day-one effects of CECL are completely reflected in regulatory capital. The election must be made in the first reporting period that CECL is adopted. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Yet to Be Adopted" for additional information.

Asset/Liability Management

The primary functions of Asset/Liability Management are to assure adequate earnings, capital and liquidity while maintaining an appropriate balance between interest-earning assets and interest-bearing liabilities. Management's objective with regard to interest rate risk is to understand the Corporation's sensitivity to changes in interest rates and develop and implement strategies to minimize volatility while maximizing net interest income.

The Corporation uses gap analysis and earnings at risk simulation modeling to quantify exposure to interest rate risk. The Corporation uses the gap analysis to identify and monitor long-term rate exposure and uses a simulation model to measure the short-term rate exposures. The Corporation runs various earnings simulation scenarios to quantify the impact of declining or rising interest rates on net interest income over a one-year and two-year horizon. The simulation uses expected cash flows and repricing characteristics for all financial instruments at a point in time and incorporates company developed, market-based assumptions regarding growth, pricing, and optionality such as prepayment speeds. As interest rates increase, fixed-rate assets that banks hold will tend to decrease in value; conversely, as interest rates decline, fixed-rate assets that banks hold will tend to increase in value.

Liquidity

The Corporation, in its role as a financial intermediary, is exposed to certain liquidity risks. Liquidity refers to the Corporation’s ability to ensure that sufficient cash flow and liquid assets are available to satisfy demand for loans, deposit withdrawals, repayment of borrowings and certificates of deposit at maturity, operating expense, and capital expenditures. The Corporation manages liquidity risk by measuring and monitoring liquidity sources and estimated funding needs on a daily basis. The Corporation has a contingency funding plan in place to address liquidity needs in the event of an institution-specific or a systemic financial crisis.

Sources of Funds

Core deposits continue to be the largest significant funding source for the Corporation. These deposits are primarily generated from a base of individuals, businesses, municipalities and non-profit customers located in our primary service areas. The Corporation faces increased competition for these deposits from a large array of financial market participants, including banks, credit unions, savings institutions, mutual funds, security dealers and others.

As part of its diversified funding strategy, the Corporation also utilizes a mix of short-term and long-term wholesale funding providers. Wholesale funding includes federal funds purchases from correspondent banks, secured borrowing lines from the Federal Home Loan Bank of Pittsburgh, the Federal Reserve Bank of Philadelphia and, at times, brokered deposits and other similar sources.

The Corporation, through the Bank, has a credit facility with the FHLB with a maximum borrowing capacity of approximately $1.7 billion. At March 31, 2019 and December 31, 2018, the carrying amount of overnight borrowings with the FHLB was $0 and $108.3 million, respectively. At March 31, 2019 and December 31, 2018, the carrying amount of long-term borrowings with the FHLB was $125.0 million. At March 31, 2019 and December 31, 2018, the Bank had outstanding short-term letters of credit with the FHLB totaling $336.9 million and $347.5 million, respectively, which were utilized to collateralize public funds deposits. The maximum borrowing capacity with the FHLB changes as a function of qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank.

The Corporation, through the Bank, maintains uncommitted federal fund lines with several correspondent banks that totaled $367.0 million at March 31, 2019 and December 31, 2018. At March 31, 2019 and December 31, 2018, the Corporation had $55.0 million and $60.0 million, respectively, of outstanding federal funds purchased with these correspondent banks. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, holds collateral at the Federal Reserve Bank of Philadelphia in order to access the Discount Window Lending program. The collateral consisting of investment securities was valued at $104.9 million and $69.5 million at March 31, 2019 and December 31, 2018, respectively. At March 31, 2019 and December 31, 2018, the Corporation had no outstanding borrowings under this program.

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The Corporation has a $10.0 million committed line of credit with a correspondent bank. At March 31, 2019 and December 31, 2018, the Corporation had no outstanding borrowings under this line.

Cash Requirements

The Corporation has cash requirements for various financial obligations, including contractual obligations and commitments that require cash payments. The most significant contractual obligation, in both the under and over one year time period, is for the Bank to repay certificates of deposit and short-term and long-term borrowings. The Bank anticipates meeting these obligations by continuing to provide convenient depository and cash management services through its financial center network, thereby replacing these contractual obligations with similar fund sources at rates that are competitive in our market. The Bank will also use borrowings and brokered deposits to meet its obligations.

Commitments to extend credit are the Bank’s most significant commitment in both the under and over one year time periods. These commitments do not necessarily represent future cash requirements in that these commitments often expire without being drawn upon.

Recent Accounting Pronouncements

For information regarding recent accounting pronouncements, refer to Note 1 to the Consolidated Financial Statements, “Summary of Significant Accounting Policies.”

Recent Regulatory and Legislative Developments

SEC FAST Act Modernization and Simplification of Regulation S-K

On April 2, 2019, the SEC issued Release No. 33-10618; 34-85381, "FAST Act Modernization and Simplification of Regulation S-K." The amendments under this rule modernize and simplify certain disclosure requirements in a manner that reduces the costs and burdens on registrants while continuing to provide material information to investors. The amendments are also intended to improve the readability and navigability of disclosure documents and discourage repetition and disclosure of immaterial information. The amendments are effective on May 2, 2019, except for specific amendments that are effective as cited in the rule. The Corporation provided the additional disclosures on the Form 10-Q cover page for the quarter ending March 31, 2019. The Corporation continues to analyze the amended disclosure requirements under this rule, but does not believe that such changes will materially impact the Corporation’s disclosures.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

No material changes in the Corporation’s market risk occurred during the current period. A detailed discussion of market risk is provided in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2018.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Management is responsible for the disclosure controls and procedures of the Corporation. Disclosure controls and procedures are controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods required by the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be so disclosed by an issuer is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. As of the end of the period covered by this report, an evaluation was performed under the supervision and with the participation of the Corporation’s management, including the Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Financial and Accounting Officer), of the effectiveness of the design and operation of the Corporation’s disclosure controls and procedures. Based on that evaluation, the Corporation’s Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of March 31, 2019.

Changes in Internal Control over Financial Reporting

There were no changes in the Corporation’s internal control over financial reporting (as defined in Rule 13a-15(f)) during the quarter ended March 31, 2019 that materially affected, or are reasonably likely to materially affect, the Corporation’s internal control over financial reporting.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

Item 1A. Risk Factors

There have been no material changes in risk factors from those disclosed under Item 1A, “Risk Factors” in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2018.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information on repurchases by the Corporation of its common stock under the Corporation's Board approved program.

ISSUER PURCHASES OF EQUITY SECURITIES
Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1 – 31, 2019	—	$	—	—	864,246
February 1 – 28, 2019	—	—		—	864,246
March 1 – 31, 2019	—	—		—	864,246
Total	—	$	—	—

1. On October 23, 2013, the Corporation’s Board of Directors approved a stock repurchase plan for the repurchase of up to 800,000 shares, or approximately 5% of the shares outstanding. On May 27, 2015, the Corporation's Board of Directors approved an increase of 1,000,000 shares available for repurchase under the Corporation's share repurchase program, or approximately 5% of the Corporation's common stock outstanding as of May 27, 2015. The repurchased shares plan does not include normal treasury activity such as purchases to fund the dividend reinvestment, employee stock purchase and equity compensation plans. The program has no scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time.

In addition to the repurchases disclosed above, participants in the Corporation's stock-based incentive plans may have shares withheld to cover income taxes for restricted stock awards vests and may use a stock swap to exercise non-qualified stock options. Shares withheld to pay income taxes on restricted stock awards vests and stock swaps to exercise stock options are repurchased pursuant to the terms of the applicable plan and not under the Corporation's share repurchase program. Shares repurchased pursuant to these plans during the three months ended March 31, 2019 were as follows:

Period	Total Number of Shares Repurchased	Average Price Paid per Share
January 1 – 31, 2019	—	$	—
February 1 – 28, 2019	7,110	24.93
March 1 – 31, 2019	1,085	25.62
Total	8,195	$	25.02

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

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Item 5. Other Information

None.

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Item 6. Exhibits

a.	Exhibits
	Exhibit 3.1	Amended and Restated Articles of Incorporation are incorporated by reference to Exhibit 3.1 of Form 10-K, filed with the SEC on February 28, 2019.
	Exhibit 3.2	Amended By-Laws are incorporated by reference to Exhibit 3.2 of Form 10-K, filed with the SEC on February 28, 2019.
	Exhibit 10.1	Form of Restricted Stock Unit Agreement for Directors (Service Based) Subject to the Amended and Restated Univest 2013 Long-Term Incentive Plan.
	Exhibit 10.2	Form of Performance Based Restricted Stock Unit Agreement for Employees Subject to the Amended and Restated Univest 2013 Long-Term Incentive Plan.
	Exhibit 10.3	Form of Restricted Stock Unit Agreement for Employees (Service Based) Subject to the Amended and Restated Univest 2013 Long-Term Incentive Plan.
	Exhibit 31.1	Certification of Jeffrey M. Schweitzer, President and Chief Executive Officer of the Corporation, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002.
	Exhibit 31.2	Certification of Roger S. Deacon, Senior Executive Vice President and Chief Financial Officer of the Corporation, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002.
	Exhibit 32.1	Certification of Jeffrey M. Schweitzer, President and Chief Executive Officer of the Corporation, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002.
	Exhibit 32.2	Certification of Roger S. Deacon, Senior Executive Vice President and Chief Financial Officer of the Corporation, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002.
	Exhibit 101.INS	XBRL Instance Document
	Exhibit 101.SCH	XBRL Taxonomy Extension Schema Document
	Exhibit 101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
	Exhibit 101.LAB	XBRL Taxonomy Extension Label Linkbase Document
	Exhibit 101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
	Exhibit 101.DEF	XBRL Taxonomy Extension Definition Linkbase Document

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Univest Financial Corporation
	(Registrant)
Date: May 3, 2019	/s/ Jeffrey M. Schweitzer
	Jeffrey M. Schweitzer President and Chief Executive Officer (Principal Executive Officer)
Date: May 3, 2019	/s/ Roger S. Deacon
	Roger S. Deacon Senior Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

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EX-10.1

Exhibit 10.1

UNIVEST FINANCIAL CORPORATION

FORM OF RESTRICTED STOCK UNIT AGREEMENT

[Date]

This RESTRICTED STOCK UNIT AGREEMENT (“Agreement”) is entered into and becomes effective as of the [Date], by and between UNIVEST FINANCIAL CORPORATION (the "Corporation") and [Name] (the "Grantee").

W I T N E S E T H:

WHEREAS, the Board of Directors of the Corporation (the "Board") adopted the Univest 2013 Long-Term Incentive Plan (the “Plan”), which became effective on April 16, 2013, and is administered by a committee (the "Committee") designated by the Board (all references hereinafter to the Board shall include the Committee); and

WHEREAS, the Board approved an Amended and Restated Plan, which became effective the 5^th day of December, 2018, which also allows for the issuance of Restricted Stock Units; and

WHEREAS, pursuant to the terms and conditions of the Plan, the Corporation now desires to grant to the Grantee Restricted Stock Units.; and

WHEREAS, any capitalized terms not defined in this Agreement shall have the same meaning as specified in the Plan.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto do mutually covenant and agree as follows:

I.GRANT OF RESTRICTED STOCK UNITS

The Corporation hereby agrees to issue to Grantee [Number] Restricted Stock Units at no cost to the Grantee, subject to the terms and conditions of this Agreement and the Plan, provided that the Grantee has delivered to the Corporation a signed copy of this Agreement.

II. VESTING PERIOD

The Restricted Stock Units shall vest and become payable in shares of common stock of the Corporation (“Common Stock”) according to the following vesting schedule:

Restricted Stock Units will fully vest on [Date], provided the Grantee remains in service with the Corporation as of that date.

1

Should a Grantee’s termination of service as a director of the Corporation be a result of death or disability, such Restricted Stock Units shall become fully vested.

Should a Grantee’s termination of service as a director of the Corporation be a result of Change in Control, at least six months following the date of the grant, such Restricted Stock Units shall become fully vested.

Should Grantee’s termination of service as a director of the Corporation be a result of voluntary or involuntary termination, whether or not for cause, such Restricted Stock Units shall be forfeited to the Corporation by the Grantee at no cost to the Corporation, and the Grantee shall have no further rights with respect to such forfeited Restricted Stock Units.

Should a Grantee’s termination of service as a director of the Corporation be due to retirement at Retirement Date (as defined herein), then a portion of such Restricted Stock Units (calculated on a pro-rata basis based upon the period of time between the date of this Agreement and the Retirement Date, divided by the original vesting period stated herein), shall vest on the Retirement Date. “Retirement Date” shall mean the later to occur of (i) the first day of the month following the Grantee’s seventy-second (72nd) birthday, or (ii) the date that Grantee actually retires as a director of the Corporation.

III.CERTIFICATES

On or as soon as practicable after the vesting of any Restricted Stock Units, the Corporation shall promptly deliver to the Grantee, either electronically through book-entry at the Corporation’s transfer agent or physically one or more certificates representing whole shares of Common Stock (one share of common stock for each Restricted Stock Unit) ; provided, however, the Corporation shall not be liable to the Grantee, the Grantee's personal representative or the Grantee's successor(s)-in-interest for damages relating to any delays in issuing the certificates, any loss of the certificates or any mistakes or errors in the issuance of the certificate or in the certificates themselves.

IV. RESTRICTED STOCK UNIT HOLDER RIGHTS

As Restricted Stock Units are not shares of the Corporation’s Common Stock, subject to the terms of this Agreement, the Grantee shall have no rights of a shareholder with respect to the Restricted Stock Units including no right to vote. Dividend equivalents attributable to Restricted Stock Units will be credited to a Grantee account and shall be distributed in cash upon settlement of such Restricted Stock Units. Dividend equivalents will not earn interest and if the Restricted Stock Unit is forfeited for any reason, the Grantee will have no right to such Dividend Equivalent. Upon payment of the vested Restricted Stock Units in shares of Common Stock, the Grantee will obtain full dividend, voting and other rights as a shareholder of the Corporation. Any beneficiary, heir or legatee of the Grantee shall receive the rights herein granted with respect to any vested Restricted Stock Units, subject to the terms and conditions of this Agreement. Any transferee of such rights shares shall agree in writing to be bound by the terms and conditions of this Agreement.

2

V.NO RIGHTS TO CONTINUED SERVICE

The grant made under the Plan and this Agreement shall not confer on the Grantee any right to continue serving as a director of the Corporation, and this Agreement shall not be construed in any way to limit the Corporation’s right to terminate or change the terms of the Grantee's service as a director.

VI.TRANSFERABILITY

The Grantee shall not sell, transfer, pledge, assign or otherwise encumber any Restricted Stock Units, and the Restricted Stock Units shall not be subject to execution, attachment or similar process.

VII.TAX MATTERS

The Grantee agrees to make appropriate arrangements with the Corporation for satisfaction of any applicable federal, state or local income tax withholding requirements or like requirements, including payment to the Corporation, if requested, upon settlement of any Restricted Stock Units. The Grantee has reviewed with the Grantee’s own tax advisor(s) the federal, state and local tax consequences of acquiring the Restricted Stock Units, and the Grantee is relying solely on such advisor(s) and not on any statements or representations by the Corporation or any of its agents. The Grantee understands and agrees that the Grantee shall be solely responsible for the Grantee’s tax obligations resulting from the transactions contemplated by this Agreement.

VIII. SECURITIES LAWS

Upon the issuance of the Restricted Stock Units, Grantee will make or enter into such written representations, warranties and agreements as the Corporation may reasonably request in order to comply with applicable securities laws or with the Plan.

IX.LEGAL NOTICES

Any legal notice necessary under this Agreement shall be addressed to the Corporation in care of its Secretary at the principal executive office of the Corporation and to the Grantee at the address appearing in the personnel records of the Corporation for such Grantee or to either party at such other address as either party may designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

X.CHOICE OF LAW

The interpretation, performance and enforcement of this Agreement shall be governed by the laws of Pennsylvania and applicable federal law.

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XI.INCORPORATION OF PLAN PROVISIONS

This Agreement is expressly subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of any conflict between any one or more of the provisions of this Agreement and the Plan, the terms of the Plan shall govern.

XII.REPRESENTATIONS OF GRANTEE

The Grantee represents and warrants to the Corporation that the Grantee:

(a) has received, read and understood the Plan and this Agreement and agrees to abide by and be bound by their terms and conditions;

(b) understands that the Grantee’s acquisition of Common Stock as payment for vested Restricted Stock Units is expressly conditioned upon compliance with the Securities Act and all applicable state securities laws, and the Grantee agrees to cooperate with the Corporation to ensure compliance with such laws.

XIII.ADJUSTMENTS

(a) The number of the Restricted Stock Units shall be subject to proportionate and equitable adjustments, consistent with the terms of the Plan, in the event of a change in the number of issued shares of Common Stock resulting from stock splits or reclassifications of shares, or in any like capital adjustments, or the payment of any stock dividends. The Board shall make the adjustments required under this Paragraph XIII, and determinations of the Board as to what adjustments shall be made, and the extent thereof, shall be final, binding and conclusive.

(b) The existence of the Plan and this Agreement shall not affect in any way the right of the Board or the shareholders of the Corporation to make or authorize any adjustment, recapitalization, reorganization, or other change in the Corporation’s capital structure or its business, any merger or consolidation or other transaction involving the Corporation, any issuance of shares of Common Stock or any other securities of the Corporation (including bonds, debentures or shares of preferred stock ahead of or affecting the Common Stock or the rights thereof), the dissolution or liquidation of the Corporation or any sale or transfer of all or any part of the Corporation's assets or business, or any other corporate act or proceeding by or for the Corporation.

XIV.ADMINISTRATION AND AMENDMENT

The Board shall interpret this Agreement and shall prescribe such rules and regulations in connection with the operation of the Agreement as the Board determines in good faith to be advisable. The Board may unilaterally amend the Plan and this Agreement to the extent necessary for compliance with any changes in applicable tax, securities or other legal requirements. Further, the Board may unilaterally amend or rescind its rules and regulations from time to time, provided such action shall not impair the Grantee’s

4

substantive rights under this Agreement. The good-faith interpretation by the Board of any of the provisions of this Agreement shall be final and binding upon the Corporation and the Grantee.

XV.HEADINGS

The headings contained in this Agreement are for convenience only and shall not affect the meaning or interpretation of this Agreement.

XVI.COUNTERPARTS

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.

XVII.ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Corporation and the Grantee with respect to the subject matter hereof and , except as provided in Section XIV, no amendment, modification or waiver of this Agreement, in whole or in part, shall be binding upon the Corporation, unless in writing and signed by an authorized officer of the Corporation.

IN WITNESS WHEREOF, the Corporation, by its duly authorized officer, and the Grantee have executed and delivered this Agreement effective as of the date and year first above written.

	UNIVEST FINANCIAL CORPORATION
		By:
			[Name]
(CORPORATE SEAL)		Title:	Chief Financial Officer

GRANTEE ACKNOWLEDGES AND AGREES THAT THE FORFEITURE RESTRICTIONS ON THE RESTRICTED STOCK UNITS SHALL LAPSE, IF AT ALL, ONLY AS EXPRESSLY STATED IN THIS AGREEMENT (NOT THROUGH BEING ISSUED THE RESTRICTED STOCK UNITS).

GRANTEE

5

EX-10.2

Exhibit 10.2

UNIVEST FINANCIAL CORPORATION

FORM OF PERFORMANCE BASED RESTRICTED STOCK UNIT AGREEMENT

[Date]

This RESTRICTED STOCK UNIT AGREEMENT (“Agreement”) is entered into and becomes effective as of the [Date], by and between UNIVEST FINANCIAL CORPORATION (the "Corporation") and [Name] (the "Grantee").

W I T N E S E T H:

WHEREAS, the Board of Directors of the Corporation (the "Board") adopted the Univest 2013 Long-Term Incentive Plan (the “Plan”), which became effective on April 16, 2013, and is administered by a committee (the "Committee") designated by the Board (all references hereinafter to the Board shall include the Committee); and

WHEREAS, the Board approved an Amended and Restated Plan, which became effective the 5^th day of December, 2018, which also allows for the issuance of Restricted Stock Units; and

WHEREAS, pursuant to the terms and conditions of the Plan, the Corporation now desires to grant to the Grantee Restricted Stock Units.; and

WHEREAS, any capitalized terms not defined in this Agreement shall have the same meaning as specified in the Plan.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto do mutually covenant and agree as follows:

I.GRANT OF RESTRICTED STOCK UNITS

The Corporation hereby agrees to issue to Grantee [Number] Restricted Stock Units at no cost to the Grantee, subject to the terms and conditions of this Agreement and the Plan, provided that the Grantee has delivered to the Corporation a signed copy of this Agreement. The amount of Restricted Stock Units granted in this paragraph represents the Target RSUs.

II. VESTING PERIOD

Restricted Stock Units will vest, provided the Grantee remains an employee with the Corporation on [Date] (the “Vesting Date”) based on the Corporation’s three-year performance for the period beginning [Date] (1) as compared to the SNL Small Cap Bank and Thrift Index (“Select Peer Group”), unweighted average Return on

1

Average Assets (“ROA”) for the members of such Select Peer Group and (2) as compared to a cumulative three-year earnings per share (“EPS”) target. Both criteria are weighted at 50%.

The Board, in its sole discretion, may make adjustments, substitutions or other modifications in the Select Peer Group to reflect changes in the constitution, organization or existence of Select Peer Group members (for example, as the result of a merger or reorganization). The Board, in its sole discretion, may also make adjustments in the actual ROA and EPS results to reflect non-recurring or unusual items (for example, merger charges, branch closure costs, BOLI gains).

Vesting determined based upon the Corporation’s relative performance as detailed below:

RSUs Vested	Optimum [150% of Target]	Target [Target Shares]	Threshold [50% of Target]
Performance Metrics:
(1) Peer Group ROA	75% or greater	55%	35% - 55%
(2) 3 Year EPS Target	$8.34	$6.95	$5.56

The number of shares that vest will be interpolated between performance levels. No vesting will occur if the three-year average ROAA is less than 50 basis points.

Should a Grantee’s termination of service as an employee of the Corporation be a result of death or disability, unvested Restricted Stock Units shall vest as of the date of death or disability based on “Pro-Rata Calculation” which will be determined based upon the length of grantee’s employment with the Corporation from the date of this Agreement through the date of death or disability as compared to the vesting date. The RSUs to vest shall be determined based on the higher of (a) Target RSUs times the Pro-Rata Calculation or (b) RSUs earned based on actual performance through date of death or disability times the Pro-Rata calculation.

Should Grantee’s termination of service as an employee of the Corporation be a result of voluntary or involuntary termination, whether or not for cause, unvested Restricted Stock Units shall be forfeited to the Corporation by the Grantee at no cost to the Corporation, and the Grantee shall have no further rights with respect to such forfeited Restricted Stock Units.

Should a Grantee’s termination of service as an employee of the Corporation be due to retirement, unvested Restricted Stock Units shall be forfeited to the Corporation by the Grantee at no cost to the Corporation, and the Grantee shall have no further rights with respect to such forfeited Restricted Stock Units. Notwithstanding the foregoing, should any RSUs be unvested at the time of the Grantee’s termination of employment with the

2

Corporation for retirement in the event that (a) Grantee continuously remains an employee of the Corporation from the date of this Agreement through the Grantee’s Retirement Date (as hereinafter defined), (b) Grantee’s Retirement Date occurs at least one-year from the date of this Agreement, and (c) prior to the Vesting Date, Grantee has not, other than in the ordinary course of performing duties as an employee of the Corporation or as otherwise agreed by the Corporation in writing, engaged in a Competitive Business (as hereinafter defined), directly or indirectly, as an individual, partner, shareholder, director, officer, principal, agent, employee, trustee, consultant, or in any relationship or capacity, as determined by the Corporation in its sole discretion, then the Restricted Stock Units will not automatically be forfeited and the Grantee will qualify for vesting of a portion of the Restricted Stock Units based upon the performance criteria set forth herein.

Such vesting, if applicable, will take place on the original Vesting Date and will be determined in the Corporation’s sole discretion on a pro-rata basis based upon the length of Grantee’s employment with the Corporation from the date of this Agreement through the Retirement Date as compared to the Vesting Date. “Retirement Date” shall mean the later to occur of (i) the first day of the month following the Grantee’s sixty-fifth (65th) birthday, or (ii) the date that Grantee actually retires as an employee of the Corporation or its subsidiaries. “Competitive Business” shall mean any financial institution in the commercial or retail banking, insurance or financial services business in competition with the Corporation, or any current or future affiliate or subsidiary, but shall not include the ownership, solely as an investment, of two percent (2%) or less of the outstanding equity securities (measured by value) of any publicly traded bank or financial institution.

Notwithstanding the foregoing, after the date that is six (6) months following the date of the grant and upon a Change in Control, unvested Restricted Stock Units shall become fully vested based on the higher of (a) Target RSUs or (b) RSUs earned based on actual performance.

III.CERTIFICATES

On or as soon as practicable after the vesting of any Restricted Stock Units, the Corporation shall promptly deliver to the Grantee, either electronically through book-entry at the Corporation’s transfer agent or physically one or more certificates representing whole shares of Common Stock (one share of common stock for each Restricted Stock Unit) ; provided, however, the Corporation shall not be liable to the Grantee, the Grantee's personal representative or the Grantee's successor(s)-in-interest for damages relating to any delays in issuing the certificates, any loss of the certificates or any mistakes or errors in the issuance of the certificate or in the certificates themselves.

IV. RESTRICTED STOCK UNIT HOLDER RIGHTS

As Restricted Stock Units are not shares of the Corporation’s Common Stock, subject to the terms of this Agreement, the Grantee shall have no rights of a shareholder with respect to the Restricted Stock Units including no right to vote. Dividend equivalents attributable to Restricted Stock Units will be credited to a Grantee account and shall be

3

distributed in cash upon settlement of such Restricted Stock Units. Dividend equivalents will not earn interest and if the Restricted Stock Unit is forfeited for any reason, the Grantee will have no right to such Dividend Equivalent. Upon payment of the vested Restricted Stock Units in shares of Common Stock, the Grantee will obtain full dividend, voting and other rights as a shareholder of the Corporation. Any beneficiary, heir or legatee of the Grantee shall receive the rights herein granted with respect to any vested Restricted Stock Units, subject to the terms and conditions of this Agreement. Any transferee of such rights shares shall agree in writing to be bound by the terms and conditions of this Agreement.

V.NO RIGHTS TO CONTINUED SERVICE

The grant made under the Plan and this Agreement shall not confer on the Grantee any right to continue serving as an employee of the Corporation, and this Agreement shall not be construed in any way to limit the Corporation’s right to terminate or change the terms of the Grantee's service as an employee.

VI.TRANSFERABILITY

The Grantee shall not sell, transfer, pledge, assign or otherwise encumber any Restricted Stock Units, and the Restricted Stock Units shall not be subject to execution, attachment or similar process.

VII.TAX MATTERS

The Grantee agrees to make appropriate arrangements with the Corporation for satisfaction of any applicable federal, state or local income tax withholding requirements or like requirements, including payment to the Corporation, if requested, upon settlement of any Restricted Stock Units. The Grantee has reviewed with the Grantee’s own tax advisor(s) the federal, state and local tax consequences of acquiring the Restricted Stock Units, and the Grantee is relying solely on such advisor(s) and not on any statements or representations by the Corporation or any of its agents. The Grantee understands and agrees that the Grantee shall be solely responsible for the Grantee’s tax obligations resulting from the transactions contemplated by this Agreement.

VIII. SECURITIES LAWS

Upon the issuance of the Restricted Stock Units, Grantee will make or enter into such written representations, warranties and agreements as the Corporation may reasonably request in order to comply with applicable securities laws or with the Plan.

IX.LEGAL NOTICES

Any legal notice necessary under this Agreement shall be addressed to the Corporation in care of its Secretary at the principal executive office of the Corporation and to the Grantee at the address appearing in the personnel records of the Corporation for such Grantee or to either party at such other address as either party may designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

4

X.CHOICE OF LAW

The interpretation, performance and enforcement of this Agreement shall be governed by the laws of Pennsylvania and applicable federal law.

XI.INCORPORATION OF PLAN PROVISIONS

This Agreement is expressly subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of any conflict between any one or more of the provisions of this Agreement and the Plan, the terms of the Plan shall govern.

XII.REPRESENTATIONS OF GRANTEE

The Grantee represents and warrants to the Corporation that the Grantee:

(a) has received, read and understood the Plan and this Agreement and agrees to abide by and be bound by their terms and conditions;

(b) understands that the Grantee’s acquisition of Common Stock as payment for vested Restricted Stock Units is expressly conditioned upon compliance with the Securities Act and all applicable state securities laws, and the Grantee agrees to cooperate with the Corporation to ensure compliance with such laws.

XIII.ADJUSTMENTS

(a) The number of the Restricted Stock Units shall be subject to proportionate and equitable adjustments, consistent with the terms of the Plan, in the event of a change in the number of issued shares of Common Stock resulting from stock splits or reclassifications of shares, or in any like capital adjustments, or the payment of any stock dividends. The Board shall make the adjustments required under this Paragraph XIII, and determinations of the Board as to what adjustments shall be made, and the extent thereof, shall be final, binding and conclusive.

(b) The existence of the Plan and this Agreement shall not affect in any way the right of the Board or the shareholders of the Corporation to make or authorize any adjustment, recapitalization, reorganization, or other change in the Corporation’s capital structure or its business, any merger or consolidation or other transaction involving the Corporation, any issuance of shares of Common Stock or any other securities of the Corporation (including bonds, debentures or shares of preferred stock ahead of or affecting the Common Stock or the rights thereof), the dissolution or liquidation of the Corporation or any sale or transfer of all or any part of the Corporation's assets or business, or any other corporate act or proceeding by or for the Corporation.

XIV.ADMINISTRATION AND AMENDMENT

The Board shall interpret this Agreement and shall prescribe such rules and regulations in connection with the operation of the Agreement as the Board determines in

5

good faith to be advisable. The Board may unilaterally amend the Plan and this Agreement to the extent necessary for compliance with any changes in applicable tax, securities or other legal requirements. Further, the Board may unilaterally amend or rescind its rules and regulations from time to time, provided such action shall not impair the Grantee’s substantive rights under this Agreement. The good-faith interpretation by the Board of any of the provisions of this Agreement shall be final and binding upon the Corporation and the Grantee.

XV.HEADINGS

The headings contained in this Agreement are for convenience only and shall not affect the meaning or interpretation of this Agreement.

XVI.COUNTERPARTS

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.

XVII.ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Corporation and the Grantee with respect to the subject matter hereof and , except as provided in Section XIV, no amendment, modification or waiver of this Agreement, in whole or in part, shall be binding upon the Corporation, unless in writing and signed by an authorized officer of the Corporation.

IN WITNESS WHEREOF, the Corporation, by its duly authorized officer, and the Grantee have executed and delivered this Agreement effective as of the date and year first above written.

	UNIVEST FINANCIAL CORPORATION
		By:
			[Name]
(CORPORATE SEAL)		Title:	Chief Financial Officer

GRANTEE ACKNOWLEDGES AND AGREES THAT THE FORFEITURE RESTRICTIONS ON THE RESTRICTED STOCK UNITS SHALL LAPSE, IF AT ALL, ONLY AS EXPRESSLY STATED IN THIS AGREEMENT (NOT THROUGH BEING ISSUED THE RESTRICTED STOCK UNITS).

GRANTEE

6

EX-10.3

Exhibit 10.3

UNIVEST FINANCIAL CORPORATION

FORM OF RESTRICTED STOCK UNIT AGREEMENT

[Date]

This RESTRICTED STOCK UNIT AGREEMENT (“Agreement”) is entered into and becomes effective as of the [Date], by and between UNIVEST FINANCIAL CORPORATION (the "Corporation") and [Name] (the "Grantee").

W I T N E S E T H:

WHEREAS, the Board of Directors of the Corporation (the "Board") adopted the Univest 2013 Long-Term Incentive Plan (the “Plan”), which became effective on April 16, 2013, and is administered by a committee (the "Committee") designated by the Board (all references hereinafter to the Board shall include the Committee); and

WHEREAS, the Board approved an Amended and Restated Plan, which became effective the 5^th day of December, 2018, which also allows for the issuance of Restricted Stock Units; and

WHEREAS, pursuant to the terms and conditions of the Plan, the Corporation now desires to grant to the Grantee Restricted Stock Units.; and

WHEREAS, any capitalized terms not defined in this Agreement shall have the same meaning as specified in the Plan.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereto do mutually covenant and agree as follows:

I.GRANT OF RESTRICTED STOCK UNITS

The Corporation hereby agrees to issue to Grantee [Number] Restricted Stock Units at no cost to the Grantee, subject to the terms and conditions of this Agreement and the Plan, provided that the Grantee has delivered to the Corporation a signed copy of this Agreement.

II. VESTING PERIOD

Restricted Stock Units will vest in accordance with the following schedule; provided the Grantee remains an employee with the Corporation as of that date:

1

Restricted Stock

UnitsPercentDate Vested

[Number]33.33%[Vest Date Year 1]

[Number]33.33%[Vest Date Year 2]

[Number]33.33%[Vest Date Year 3]

Should a Grantee’s termination of service as an employee of the Corporation be a result of death or disability, unvested Restricted Stock Units shall become fully vested.

Should Grantee’s termination of service as an employee of the Corporation be a result of voluntary or involuntary termination, whether or not for cause, unvested Restricted Stock Units shall be forfeited to the Corporation by the Grantee at no cost to the Corporation, and the Grantee shall have no further rights with respect to such forfeited Restricted Stock Units.

Should a Grantee’s termination of service as an employee of the Corporation be due to retirement, unvested Restricted Stock Units shall be forfeited to the Corporation by the Grantee at no cost to the Corporation, and the Grantee shall have no further rights with respect to such forfeited Restricted Stock Units.

Notwithstanding the foregoing, after the date that is six (6) months following the date of the grant and upon a Change in Control, unvested Restricted Stock Units shall become fully vested.

III.CERTIFICATES

On or as soon as practicable after the vesting of any Restricted Stock Units, the Corporation shall promptly deliver to the Grantee, either electronically through book-entry at the Corporation’s transfer agent or physically one or more certificates representing whole shares of Common Stock (one share of common stock for each Restricted Stock Unit) ; provided, however, the Corporation shall not be liable to the Grantee, the Grantee's personal representative or the Grantee's successor(s)-in-interest for damages relating to any delays in issuing the certificates, any loss of the certificates or any mistakes or errors in the issuance of the certificate or in the certificates themselves.

IV. RESTRICTED STOCK UNIT HOLDER RIGHTS

As Restricted Stock Units are not shares of the Corporation’s Common Stock, subject to the terms of this Agreement, the Grantee shall have no rights of a shareholder with respect to the Restricted Stock Units including no right to vote. Dividend equivalents attributable to Restricted Stock Units will be credited to a Grantee account and shall be distributed in cash upon settlement of such Restricted Stock Units. Dividend equivalents will not earn interest and if the Restricted Stock Unit is forfeited for any reason, the Grantee will have no right to such Dividend Equivalent. Upon payment of the vested Restricted

2

Stock Units in shares of Common Stock, the Grantee will obtain full dividend, voting and other rights as a shareholder of the Corporation. Any beneficiary, heir or legatee of the Grantee shall receive the rights herein granted with respect to any vested Restricted Stock Units, subject to the terms and conditions of this Agreement. Any transferee of such rights shares shall agree in writing to be bound by the terms and conditions of this Agreement.

V.NO RIGHTS TO CONTINUED SERVICE

The grant made under the Plan and this Agreement shall not confer on the Grantee any right to continue serving as an employee of the Corporation, and this Agreement shall not be construed in any way to limit the Corporation’s right to terminate or change the terms of the Grantee's service as an employee.

VI.TRANSFERABILITY

The Grantee shall not sell, transfer, pledge, assign or otherwise encumber any Restricted Stock Units, and the Restricted Stock Units shall not be subject to execution, attachment or similar process.

VII.TAX MATTERS

The Grantee agrees to make appropriate arrangements with the Corporation for satisfaction of any applicable federal, state or local income tax withholding requirements or like requirements, including payment to the Corporation, if requested, upon settlement of any Restricted Stock Units. The Grantee has reviewed with the Grantee’s own tax advisor(s) the federal, state and local tax consequences of acquiring the Restricted Stock Units, and the Grantee is relying solely on such advisor(s) and not on any statements or representations by the Corporation or any of its agents. The Grantee understands and agrees that the Grantee shall be solely responsible for the Grantee’s tax obligations resulting from the transactions contemplated by this Agreement.

VIII. SECURITIES LAWS

Upon the issuance of the Restricted Stock Units, Grantee will make or enter into such written representations, warranties and agreements as the Corporation may reasonably request in order to comply with applicable securities laws or with the Plan.

IX.LEGAL NOTICES

Any legal notice necessary under this Agreement shall be addressed to the Corporation in care of its Secretary at the principal executive office of the Corporation and to the Grantee at the address appearing in the personnel records of the Corporation for such Grantee or to either party at such other address as either party may designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

3

X.CHOICE OF LAW

The interpretation, performance and enforcement of this Agreement shall be governed by the laws of Pennsylvania and applicable federal law.

XI.INCORPORATION OF PLAN PROVISIONS

This Agreement is expressly subject to the terms and conditions of the Plan, which is incorporated herein by reference. In the event of any conflict between any one or more of the provisions of this Agreement and the Plan, the terms of the Plan shall govern.

XII.REPRESENTATIONS OF GRANTEE

The Grantee represents and warrants to the Corporation that the Grantee:

(a) has received, read and understood the Plan and this Agreement and agrees to abide by and be bound by their terms and conditions;

(b) understands that the Grantee’s acquisition of Common Stock as payment for vested Restricted Stock Units is expressly conditioned upon compliance with the Securities Act and all applicable state securities laws, and the Grantee agrees to cooperate with the Corporation to ensure compliance with such laws.

XIII.ADJUSTMENTS

(a) The number of the Restricted Stock Units shall be subject to proportionate and equitable adjustments, consistent with the terms of the Plan, in the event of a change in the number of issued shares of Common Stock resulting from stock splits or reclassifications of shares, or in any like capital adjustments, or the payment of any stock dividends. The Board shall make the adjustments required under this Paragraph XIII, and determinations of the Board as to what adjustments shall be made, and the extent thereof, shall be final, binding and conclusive.

(b) The existence of the Plan and this Agreement shall not affect in any way the right of the Board or the shareholders of the Corporation to make or authorize any adjustment, recapitalization, reorganization, or other change in the Corporation’s capital structure or its business, any merger or consolidation or other transaction involving the Corporation, any issuance of shares of Common Stock or any other securities of the Corporation (including bonds, debentures or shares of preferred stock ahead of or affecting the Common Stock or the rights thereof), the dissolution or liquidation of the Corporation or any sale or transfer of all or any part of the Corporation's assets or business, or any other corporate act or proceeding by or for the Corporation.

XIV.ADMINISTRATION AND AMENDMENT

The Board shall interpret this Agreement and shall prescribe such rules and regulations in connection with the operation of the Agreement as the Board determines in good faith to be advisable. The Board may unilaterally amend the Plan and this Agreement

4

to the extent necessary for compliance with any changes in applicable tax, securities or other legal requirements. Further, the Board may unilaterally amend or rescind its rules and regulations from time to time, provided such action shall not impair the Grantee’s substantive rights under this Agreement. The good-faith interpretation by the Board of any of the provisions of this Agreement shall be final and binding upon the Corporation and the Grantee.

XV.HEADINGS

The headings contained in this Agreement are for convenience only and shall not affect the meaning or interpretation of this Agreement.

XVI.COUNTERPARTS

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.

XVII.ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Corporation and the Grantee with respect to the subject matter hereof and , except as provided in Section XIV, no amendment, modification or waiver of this Agreement, in whole or in part, shall be binding upon the Corporation, unless in writing and signed by an authorized officer of the Corporation.

IN WITNESS WHEREOF, the Corporation, by its duly authorized officer, and the Grantee have executed and delivered this Agreement effective as of the date and year first above written.

	UNIVEST FINANCIAL CORPORATION
		By:
			[Name]
(CORPORATE SEAL)		Title:	Chief Financial Officer

GRANTEE ACKNOWLEDGES AND AGREES THAT THE FORFEITURE RESTRICTIONS ON THE RESTRICTED STOCK UNITS SHALL LAPSE, IF AT ALL, ONLY AS EXPRESSLY STATED IN THIS AGREEMENT (NOT THROUGH BEING ISSUED THE RESTRICTED STOCK UNITS).

GRANTEE

5

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Jeffrey M. Schweitzer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Univest Financial Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: May 3, 2019

/s/ Jeffrey M. Schweitzer

Jeffrey M. Schweitzer

President and Chief Executive Officer

(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Roger S. Deacon, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Univest Financial Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: May 3, 2019

/s/ Roger S. Deacon

Roger S. Deacon

Senior Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Univest Financial Corporation on Form 10-Q for the period ended March 31, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Corporation.

A signed original of this written statement required by Section 906 has been provided to Univest Financial Corporation and will be retained by Univest Financial Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ Jeffrey M. Schweitzer

Jeffrey M. Schweitzer

President and Chief Executive Officer

(Principal Executive Officer)

May 3, 2019

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Univest Financial Corporation on Form 10-Q for the period ended March 31, 2019, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacity and on the date indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Corporation.

A signed original of this written statement required by Section 906 has been provided to Univest Financial Corporation and will be retained by Univest Financial Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ Roger S. Deacon

Roger S. Deacon

Senior Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)

May 3, 2019

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 30, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	UNIVEST FINANCIAL CORPORATION
Entity Central Index Key	0000102212
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	UVSP
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		29,287,509

XML

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 46,465	$ 61,573
Interest-earning deposits with other banks	19,676	47,847
Cash and cash equivalents	66,141	109,420
Investment securities held-to-maturity (fair value $148,960 and $141,575 at March 31, 2019 and December 31, 2018, respectively)	148,470	142,634
Investment securities available-for-sale	315,648	328,507
Investments in equity securities	2,765	2,165
Federal Home Loan Bank, Federal Reserve Bank and other stock, at cost	32,699	28,337
Loans held for sale	921	1,754
Loans and leases held for investment	4,067,879	4,006,574
Less: Reserve for loan and lease losses	(31,602)	(29,364)
Net loans and leases held for investment	4,036,277	3,977,210
Premises and equipment, net	59,091	59,559
Operating lease right-of-use assets	36,099	0
Goodwill	172,559	172,559
Other intangibles, net of accumulated amortization	11,530	11,990
Bank owned life insurance	112,551	111,599
Accrued interest receivable and other assets	40,776	38,613
Total assets	5,035,527	4,984,347
LIABILITIES
Noninterest-bearing deposits	1,103,674	1,055,919
Interest-bearing deposits:
Demand deposits	1,441,540	1,377,171
Savings deposits	819,255	782,766
Time deposits	638,684	670,077
Total deposits	4,003,153	3,885,933
Short-term borrowings	73,185	189,768
Long-term debt	145,263	145,330
Subordinated notes	94,635	94,574
Operating lease liabilities	39,102	0
Accrued interest payable and other liabilities	42,583	44,609
Total liabilities	4,397,921	4,360,214
SHAREHOLDERS’ EQUITY
Common stock, $5 par value: 48,000,000 shares authorized at March 31, 2019 and December 31, 2018; 31,556,799 shares issued at March 31, 2019 and December 31, 2018; 29,272,502 and 29,270,852 shares outstanding at March 31, 2019 and December 31, 2018, respectively	157,784	157,784
Additional paid-in capital	293,255	292,401
Retained earnings	256,746	248,167
Accumulated other comprehensive loss, net of tax benefit	(24,238)	(28,416)
Treasury stock, at cost; 2,284,297 and 2,285,947 shares at March 31, 2019 and December 31, 2018, respectively	(45,941)	(45,803)
Total shareholders’ equity	637,606	624,133
Total liabilities and shareholders’ equity	$ 5,035,527	$ 4,984,347

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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Securities Held-to-Maturity, Fair Value	$ 148,960	$ 141,575
Common stock, par value	$ 5	$ 5
Common stock, shares authorized	48,000,000	48,000,000
Common stock, shares issued	31,556,799	31,556,799
Common stock, shares outstanding	29,272,502	29,270,852
Treasury stock, shares	2,284,297	2,285,947

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Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest and fees on loans and leases:
Taxable	$ 45,682	$ 37,950
Exempt from federal income taxes	2,683	2,347
Total interest and fees on loans and leases	48,365	40,297
Interest and dividends on investment securities:
Taxable	2,713	2,189
Exempt from federal income taxes	431	468
Interest on deposits with other banks	269	76
Interest and dividends on other earning assets	586	504
Total interest income	52,364	43,534
Interest expense
Interest on deposits	8,203	3,691
Interest on short-term borrowings	638	645
Interest on long-term debt and subordinated notes	2,000	1,926
Total interest expense	10,841	6,262
Net interest income	41,523	37,272
Provision for loan and lease losses	2,685	2,053
Net interest income after provision for loan and lease losses	38,838	35,219
Disaggregation of Revenue [Line Items]
Insurance commission and fee income	5,144	4,888
Bank owned life insurance income	952	669
Net gain on sales of investment securities	1	10
Net gain on mortgage banking activities	483	716
Other income	339	124
Total noninterest income	16,297	15,582
Noninterest expense
Salaries, benefits and commissions	21,564	20,647
Net occupancy	2,611	2,757
Equipment	990	1,023
Data processing	2,514	2,232
Professional fees	1,264	1,355
Marketing and advertising	316	381
Deposit insurance premiums	452	391
Intangible expenses	426	612
Restructuring charges	0	571
Other expense	5,420	5,156
Total noninterest expense	35,557	35,125
Income before income taxes	19,578	15,676
Income tax expense	3,499	2,826
Net income	$ 16,079	$ 12,850
Net income per share:
Basic (in dollars per share)	$ 0.55	$ 0.44
Diluted (in dollars per share)	0.55	0.44
Dividends declared (in dollars per share)	$ 0.20	$ 0.20
Trust fee income
Disaggregation of Revenue [Line Items]
Noninterest income	$ 1,887	$ 1,996
Service charges on deposit accounts
Disaggregation of Revenue [Line Items]
Noninterest income	1,435	1,327
Investment advisory commission and fee income
Disaggregation of Revenue [Line Items]
Noninterest income	3,789	3,683
Other service fee income
Disaggregation of Revenue [Line Items]
Noninterest income	$ 2,267	$ 2,169

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Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Before Tax Amount
(Loss) income, Before Tax Amount		$ 19,578	$ 15,676
Net unrealized gains (losses) on available-for-sale investment securities, Before Tax Amount
Net unrealized holding gains (losses) arising during the period		5,120	(6,338)
Less: reclassification adjustment for net gains on sales realized in net income	[1]	(1)	(10)
Total net unrealized gains (losses) on available-for-sale investment securities		5,119	(6,348)
Cash flow hedge derivative, Before Tax Amount
Net unrealized holding (losses) gains arising during the period		(168)	212
Less: reclassification adjustment for net losses realized in net income	[2]	(16)	20
Total net unrealized (losses) gains on interest rate swaps used in cash flow hedges		(184)	232
Defined benefit pension plans, Before Tax Amount
Amortization of net actuarial loss included in net periodic pension costs	[3]	294	281
Accretion of prior service cost included in net periodic pension costs	[3]	(45)	(71)
Total defined benefit pension plans		249	210
Other comprehensive income, Before Tax Amount		5,184	(5,906)
Total comprehensive income (loss), Before Tax Amount		24,762	9,770
Tax Expense (Benefit)
Income tax expense		3,499	2,826
Net unrealized gains (losses) on available-for-sale investment securities, Tax Expense (Benefit)
Net unrealized holding gains (losses) arising during the period		1,075	(1,331)
Less: reclassification adjustment for net gains on sales realized in net income	[1]	0	(2)
Total net unrealized gains (losses) on available-for-sale investment securities		1,075	(1,333)
Net unrealized losses on interest rate swaps used in cash flow hedges, Tax Expense (Benefit)
Net unrealized holding gains (losses) arising during the period		(36)	45
Less: reclassification adjustment for net losses realized in net income	[2]	(3)	4
Total net unrealized gains on interest rate swaps used in cash flow hedges		(39)	49
Defined benefit pension plans, Tax Expense (Benefit)
Amortization of net actuarial loss included in net periodic pension costs	[3]	62	59
Accretion of prior service cost included in net periodic pension costs	[3]	(9)	(15)
Total defined benefit pension plans		53	44
Other comprehensive income, Tax Expense (Benefit)		1,089	(1,240)
Total comprehensive income (loss), Tax Expense (Benefit)		4,588	1,586
Net of Tax Amount
Net income		16,079	12,850
Net unrealized gains (losses) on available-for-sale investment securities, Net of Tax Amount
Net unrealized holding gains (losses) arising during the period		4,045	(5,007)
Less: reclassification adjustment for net gains on sales realized in net income	[1]	(1)	(8)
Total net unrealized gains (losses) on available-for-sale investment securities		4,044	(5,015)
Total net unrealized gains (losses) on interest rate swaps used in cash flow hedges, Net of Tax Amount
Net unrealized holding (losses) gains arising during the period		(132)	167
Less: reclassification adjustment for net losses realized in net income	[2]	(13)	16
Total net unrealized (losses) gains on interest rate swaps used in cash flow hedges		(145)	183
Defined benefit pension plans, Net of Tax Amount
Amortization of net actuarial loss included in net periodic pension costs	[3]	232	222
Accretion of prior service cost included in net periodic pension costs	[3]	(36)	(56)
Total defined benefit pension plans		196	166
Other comprehensive income, Net of Tax Amount		4,095	(4,666)
Total comprehensive income (loss), Net of Tax Amount		$ 20,174	$ 8,184

[1] (1) Included in net gain on sales of investment securities on the consolidated statements of income (before tax amount).

[2] (2) Included in interest expense on deposits on the consolidated statements of income (before tax amount).

[3] (3) These accumulated other comprehensive loss components are included in the computation of net periodic pension cost (before tax amount). See Note 8, "Retirement Plans and Other Postretirement Benefits" for additional details.

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Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands		Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]		Treasury Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-01		$ 0	$ 0	$ 0	$ 433	$ (433)		$ 0
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2018-02		0	0	0	3,921	(3,921)		0
Beginning balance at Dec. 31, 2017		603,374	$ 157,784	290,133	216,761	(17,771)		(43,533)
Beginning balance, shares at Dec. 31, 2017			29,334,859
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		12,850	$ 0	0	12,850	0		0
Other comprehensive income, net of income tax		(4,666)	0	0	0	(4,666)		0
Cash dividends declared ($0.20 per share)		(5,868)	0	0	(5,868)	0		0
Stock issued under dividend reinvestment and employee stock purchase plans		569	$ 0	44	0	0		525
Stock issued under dividend reinvestment and employee stock purchase plans, shares			20,253
Exercise of stock options		268	$ 0	(9)	0	0		277
Exercise of stock options, shares			14,158
Stock-based compensation		847	$ 0	847	0	0		0
Purchases of treasury stock		(655)	$ 0	0	0	0		(655)
Purchases of treasury stock, shares			(23,539)
Restricted stock awards granted, net of cancellations		0	$ 0	(920)	0	0		920
Restricted stock awards granted, net of cancellations, shares			46,203
Ending balance at Mar. 31, 2018		606,719	$ 157,784	290,095	228,097	(26,791)		(42,466)
Ending balance, shares at Mar. 31, 2018			29,391,934
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2016-02	[1]	(1,525)	$ 0	0	(1,525)	0		0
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2017-12	[1]	0	0	0	(83)	83	[2]	0
Cumulative Effect of New Accounting Principle in Period of Adoption | Accounting Standards Update 2017-08	[1]	(39)	0	0	(39)	0		0
Beginning balance at Dec. 31, 2018		624,133	$ 157,784	292,401	248,167	(28,416)		(45,803)
Beginning balance, shares at Dec. 31, 2018			29,270,852
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		16,079	$ 0	0	16,079	0		0
Other comprehensive income, net of income tax		4,095	0	0	0	4,095		0
Cash dividends declared ($0.20 per share)		(5,853)	0	0	(5,853)	0		0
Stock issued under dividend reinvestment and employee stock purchase plans		571	$ 0	30	0	0		541
Stock issued under dividend reinvestment and employee stock purchase plans, shares			25,743
Exercise of stock options		$ 521	$ 0	(91)	0	0		612
Exercise of stock options, shares		30,500	30,500
Stock-based compensation		$ 574	$ 0	574	0	0		0
Purchases of treasury stock		(950)	$ 0	0	0	0		(950)
Purchases of treasury stock, shares			(37,244)
Cancellations of performance-based restricted stock awards		0	$ 0	341	0	0		(341)
Cancellations of performance-based restricted stock awards, shares			(17,349)
Ending balance at Mar. 31, 2019		$ 637,606	$ 157,784	$ 293,255	$ 256,746	$ (24,238)		$ (45,941)
Ending balance, shares at Mar. 31, 2019			29,272,502

[1] (1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

[2] (1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

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Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends declared, per share	$ 0.20	$ 0.20

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 16,079	$ 12,850
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	2,685	2,053
Depreciation of premises and equipment	1,318	1,408
Net amortization of investment securities premiums and discounts	379	402
Net gain on sales of investment securities	(1)	(10)
Net gain on mortgage banking activities	(483)	(716)
Bank owned life insurance income	(952)	(669)
Net accretion of acquisition accounting fair value adjustments	(60)	(146)
Stock-based compensation	577	847
Intangible expenses	426	612
Other adjustments to reconcile net income to cash used in operating activities	(145)	(18)
Originations of loans held for sale	(30,422)	(35,151)
Proceeds from the sale of loans held for sale	31,745	37,003
Contributions to pension and other postretirement benefit plans	(66)	(67)
Increase in accrued interest receivable and other assets	(3,709)	(3,307)
(Decrease) increase in accrued interest payable and other liabilities	(316)	2,805
Net cash provided by operating activities	17,055	17,896
Cash flows from investing activities:
Net capital expenditures	(850)	(1,009)
Proceeds from maturities, calls and principal repayments of securities held-to-maturity	4,288	1,721
Proceeds from maturities, calls and principal repayments of securities available-for-sale	17,085	19,423
Proceeds from sales of securities available-for-sale	491	1,010
Purchases of investment securities held-to-maturity	(10,309)	(30,641)
Purchases of investment securities available-for-sale	0	(1,487)
Proceeds from sales of money market mutual funds	10	1,016
Purchases of money market mutual funds	(606)	(6,205)
Net increase in other investments	(4,362)	(5,597)
Net increase in loans and leases	(61,582)	(69,830)
Proceeds from sales of other real estate owned	599	0
Purchases of bank owned life insurance	0	(777)
Net cash used in investing activities	(55,236)	(92,376)
Cash flows from financing activities:
Net increase (decrease) in deposits	117,239	(57,575)
Net (decrease) increase in short-term borrowings	(116,583)	110,995
Payment of contingent consideration on acquisitions	(33)	(34)
Purchases of treasury stock	(950)	(655)
Stock issued under dividend reinvestment and employee stock purchase plans	571	569
Proceeds from exercise of stock options	521	268
Cash dividends paid	(5,863)	(5,866)
Net cash (used in) provided by financing activities	(5,098)	47,702
Net decrease in cash and cash equivalents	(43,279)	(26,778)
Cash and cash equivalents at beginning of year	109,420	75,409
Cash and cash equivalents at end of period	66,141	48,631
Supplemental disclosures of cash flow information:
Cash paid for interest	10,629	6,361
Cash paid for income taxes, net of refunds	$ 25	$ 145

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Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the three-month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ended December 31, 2019 or for any other period. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 28, 2019.

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and reserve for loan and lease losses.

Accounting Pronouncements Adopted in 2019

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, "Leases (Topic 842)" and subsequent related updates to revise the accounting for leases. Under the new guidance, lessees are required to recognize a lease liability and a right-of-use asset for all leases based on the present value of future lease payments using an estimated incremental borrowing rate. Lessor accounting activities are largely unchanged from existing lease accounting. Disclosures are required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. This new guidance was effective for the first interim period within annual periods beginning after December 15, 2018, or January 1, 2019 for the Corporation.

The Corporation adopted this guidance, and subsequent related updates, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings, representing the difference between the value of the Corporation’s lease liabilities and related right-of-use assets and the existing deferred rent liability, at January 1, 2019. The Corporation elected the package of practical expedients, which includes a provision which allows for the grandfathering of lease classification, among other items, and the hindsight practical expedient to determine the lease term. All leases in which the Corporation is the lessee were classified as operating leases and continue to be classified as such. On January 1, 2019, the Corporation recorded $39.6 million of operating lease liabilities and $36.6 million of related right-of-use assets and released $1.0 million of existing deferred rent liability. The resulting cumulative effect adjustment of $1.5 million, net of tax, was recorded to retained earnings at January 1, 2019. The initial and continued impact of the recording of operating lease assets had and will continue to have a negative impact on all Corporation and Bank regulatory capital ratios. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 4, "Loans and Leases" and Note 14, "Leases" for applicable disclosures including quantitative and qualitative information about the Corporation’s leases.

In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" and subsequent related updates. The amendments in this update expand and refine hedge accounting for both non-financial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The ASU amends the presentation and disclosure requirements and changes how entities assess effectiveness. The ASU eliminates the requirement to separately measure and report hedge ineffectiveness and requires all items that affect earnings be presented in the same income statement line as the hedged items. The amendments in this guidance permit the use of the Overnight Index Swap rate based on Secured Overnight Financing Rate (SOFR) as a U.S. benchmark interest rate for hedge accounting purposes to facilitate the LIBOR to SOFR transition. This guidance was effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for public business entities, or January 1, 2019 for the Corporation. The amended presentation and disclosure guidance was required only prospectively. The Corporation adopted this guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings effective January 1, 2019. The Corporation recorded a cumulative-effect adjustment of $83 thousand related to ineffectiveness on a cash flow hedge, which was reclassified from retained earnings to accumulated other comprehensive income, effective January 1, 2019.

In March 2017, the FASB issued ASU No. 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date rather than the maturity of the security. Securities within the scope of this guidance are those that have explicit, non-contingent call features that are callable at fixed prices and on preset dates. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The guidance was effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, or January 1, 2019 for the Corporation. At December 31, 2018, the Corporation had $11.3 million of callable debt securities. The Corporation adopted this guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings effective January 1, 2019. The Corporation recorded a cumulative-effect adjustment resulting in a reduction in the unamortized premium balance for certain callable debt securities of $49 thousand and a reduction in retained earnings of approximately $39 thousand, net of tax, for the incremental amortization.     

Recent Accounting Pronouncements Yet to Be Adopted

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified-retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which other-than-temporary impairment has been recognized before the effective date. The ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years for public business entities that are SEC filers, or January 1, 2020 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated that the reserve for loan and lease losses will increase upon adoption of CECL and that the increased reserve level will decrease shareholders' equity and impact regulatory capital and ratios.

In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement." This ASU applies to all entities that are required, under existing GAAP, to make disclosures about recurring or nonrecurring fair value measurements. Disclosures removed by this ASU are the amount and reasons for transfers between Level 1 and Level 2, the policy for timing of transfers between levels and the valuation processes for Level 3 measurements. This ASU modifies disclosures relating to investments in certain entities that calculate net asset value. Additional disclosures required by this ASU include: 1) change in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and 2) range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The prospective method of transition is required for the new disclosure requirements. The other amendments should be applied retrospectively. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years or January 1, 2020 for the Corporation. Early adoption is permitted. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements but will result in revised disclosures for fair value.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." This ASU eliminates Step 2 of the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or for the Corporation's goodwill impairment test in 2020. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In August 2018, the FASB issued ASU No. 2018-14, "Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans." The amendments in this ASU modify the disclosure requirements for employers that sponsor defined benefit plans or other postretirement plans. Disclosures removed by this ASU include the following: 1) amounts in accumulated other comprehensive income expected to be recognized in net periodic benefit costs over the next fiscal year; 2) amount and timing of plan assets expected to be returned to the employer; and 3) the effects of a one percentage point change in assumed health care cost trend rates on the net periodic benefit costs and the benefit obligation for postretirement health care benefits. Additional disclosures required by this ASU include: 1) the weighted-average interest crediting rates used in an entity's cash balance pension plans and other similar plans and 2) explanations for reasons for significant changes in the benefit obligation or plan assets. All amendments should be applied retrospectively. This ASU is effective for fiscal years ending after December 15, 2020 or December 31, 2020 for the Corporation. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statement disclosures but will result in revised disclosures for retirement plans and other postretirement benefits.

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Earnings per Share

3 Months Ended

Mar. 31, 2019

Earnings Per Share, Basic and Diluted [Abstract]

Earnings per Share

Earnings per Share

The Corporation uses the two-class method to calculate earnings per share as the unvested restricted stock awards outstanding under the Corporation's equity incentive plans are participating shares with nonforfeitable rights to dividends. Under the two-class method, earnings per common share are computed by dividing the sum of distributed earnings to common shareholders and undistributed earnings allocated to common shareholders by the weighted average number of common shares outstanding for the period. In applying the two-class method, undistributed earnings are allocated to both common shares and participating securities based on the number of weighted average shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if options on common shares had been exercised, as well as any adjustment to income that would result from the assumed issuance, and if restricted stock units were vested. Potential common shares that may be issued by the Corporation relate to outstanding stock options and restricted stock units, and are determined using the treasury stock method. The effects of options to issue common stock and unvested restricted stock units are excluded from the computation of diluted earnings per share in periods in which the effect would be antidilutive.Anti-dilutive options are those options with weighted average exercise prices in excess of the weighted average market value.Anti-dilutive restricted stock units are those with hypothetical repurchases of shares, under the treasury stock method, exceeding the average restricted stock units outstanding for the periods presented.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended   March 31,
(Dollars and shares in thousands, except per share data)	2019			2018
Numerator:
Net income	$	16,079		$	12,850
Net income allocated to unvested restricted stock awards	(67		)	(97		)
Net income allocated to common shares	$	16,012		$	12,753
Denominator:
Weighted average shares outstanding	29,277			29,355
Average unvested restricted stock awards	(131		)	(215		)
Denominator for basic earnings per share—weighted-average shares outstanding	29,146			29,140
Effect of dilutive securities—employee stock options and restricted stock units	59			94
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,205			29,234
Basic earnings per share	$	0.55		$	0.44
Diluted earnings per share	$	0.55		$	0.44
Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share	348			217

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Investment Securities

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Investment Securities

Investment Securities

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at March 31, 2019 and December 31, 2018, by contractual maturity within each type:

	At March 31, 2019									At December 31, 2018
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years	$	6,997	$	—	$	(46	)	$	6,951	$	6,996	$	—	$	(104	)	$	6,892
	6,997		—		(46		)	6,951		6,996		—		(104		)	6,892
Residential mortgage-backed securities:
After 5 years to 10 years	11,005		23		(54		)	10,974		11,573		—		(135		)	11,438
Over 10 years	130,468		852		(285		)	131,035		124,065		287		(1,107		)	123,245
	141,473		875		(339		)	142,009		135,638		287		(1,242		)	134,683
Total	$	148,470	$	875	$	(385	)	$	148,960	$	142,634	$	287	$	(1,346	)	$	141,575
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year	$	10,067	$	—	$	(41	)	$	10,026	$	15,108	$	—	$	(90	)	$	15,018
After 1 year to 5 years	302		—		(5		)	297		303		—		(6		)	297
	10,369		—		(46		)	10,323		15,411		—		(96		)	15,315
State and political subdivisions:
Within 1 year	3,483		6		—			3,489		5,900		4		(6		)	5,898
After 1 year to 5 years	17,439		83		(1		)	17,521		15,459		36		(56		)	15,439
After 5 years to 10 years	40,506		458		—			40,964		43,923		318		(163		)	44,078
	61,428		547		(1		)	61,974		65,282		358		(225		)	65,415
Residential mortgage-backed securities:
After 1 year to 5 years	6,204		11		(75		)	6,140		5,799		3		(70		)	5,732
After 5 years to 10 years	46,409		14		(711		)	45,712		49,904		6		(1,381		)	48,529
Over 10 years	97,524		52		(1,663		)	95,913		100,873		26		(3,398		)	97,501
	150,137		77		(2,449		)	147,765		156,576		35		(4,849		)	151,762
Collateralized mortgage obligations:
After 5 years to 10 years	1,589		—		(60		)	1,529		1,677		—		(78		)	1,599
Over 10 years	1,260		—		(3		)	1,257		1,305		—		(16		)	1,289
	2,849		—		(63		)	2,786		2,982		—		(94		)	2,888
Corporate bonds:
Within 1 year	8,299		—		(42		)	8,257		7,806		—		(68		)	7,738
After 1 year to 5 years	16,512		7		(104		)	16,415		18,508		1		(332		)	18,177
After 5 years to 10 years	15,139		—		(289		)	14,850		16,146		—		(392		)	15,754
Over 10 years	60,000		—		(6,722		)	53,278		60,000		—		(8,542		)	51,458
	99,950		7		(7,157		)	92,800		102,460		1		(9,334		)	93,127
Total	$	324,733	$	631	$	(9,716	)	$	315,648	$	342,711	$	394	$	(14,598	)	$	328,507

Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due.

Securities with a carrying value of $374.5 million and $344.5 million at March 31, 2019 and December 31, 2018, respectively, were pledged to secure public deposits and other contractual obligations. In addition, securities of $298 thousand and $296 thousand were pledged to secure credit derivatives and interest rate swaps at March 31, 2019 and December 31, 2018, respectively. See Note 11, "Derivative Instruments and Hedging Activities" for additional information.

The following table presents information related to sales of securities available-for-sale during the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Securities available-for-sale:
Proceeds from sales	$	491	$	1,010
Gross realized gains on sales	1		10
Tax expense related to net realized gains on sales	—		2

At March 31, 2019 and December 31, 2018, there were no reportable investments in any single issuer representing more than 10% of shareholders’ equity.

The following table shows the fair value of securities that were in an unrealized loss position at March 31, 2019 and December 31, 2018 by the length of time those securities were in a continuous loss position. For the investment securities in an unrealized loss position, the Corporation has concluded, based on its analysis, that the unrealized losses are primarily caused by the movement of interest rates and current market conditions and are not other-than temporary impairment of the securities. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the par value of the investment. It is more likely than not that the Corporation will not be required to sell the investments before a recovery of carrying value.

	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2019
Securities Held-to-Maturity
U.S. government corporations and agencies	$	—	$	—		$	6,951	$	(46	)	$	6,951	$	(46	)
Residential mortgage-backed securities	8,054		(2		)	40,353		(337		)	48,407		(339		)
Total	$	8,054	$	(2	)	$	47,304	$	(383	)	$	55,358	$	(385	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	—	$	—		$	10,323	$	(46	)	$	10,323	$	(46	)
State and political subdivisions	1,045		—			1,018		(1		)	2,063		(1		)
Residential mortgage-backed securities	—		—			141,650		(2,449		)	141,650		(2,449		)
Collateralized mortgage obligations	—		—			2,786		(63		)	2,786		(63		)
Corporate bonds	1,489		(10		)	88,304		(7,147		)	89,793		(7,157		)
Total	$	2,534	$	(10	)	$	244,081	$	(9,706	)	$	246,615	$	(9,716	)
At December 31, 2018
Securities Held-to-Maturity
U.S. government corporations and agencies	$	—	$	—		$	6,892	$	(104	)	$	6,892	$	(104	)
Residential mortgage-backed securities	48,192		(472		)	34,501		(770		)	82,693		(1,242		)
Total	$	48,192	$	(472	)	$	41,393	$	(874	)	$	89,585	$	(1,346	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	—	$	—		$	15,315	$	(96	)	$	15,315	$	(96	)
State and political subdivisions	9,311		(61		)	15,302		(164		)	24,613		(225		)
Residential mortgage-backed securities	7,099		(106		)	141,924		(4,743		)	149,023		(4,849		)
Collateralized mortgage obligations	1,289		(16		)	1,599		(78		)	2,888		(94		)
Corporate bonds	16,896		(235		)	75,730		(9,099		)	92,626		(9,334		)
Total	$	34,595	$	(418	)	$	249,870	$	(14,180	)	$	284,465	$	(14,598	)

At March 31, 2019, gross unrealized losses for securities available-for-sale in an unrealized loss position for twelve months or longer, totaled $9.7 million. Three federal agency bonds, thirty-three investment grade corporate bonds, 122 federal agency residential mortgage securities, two investment grade municipal bonds and two collateralized mortgage obligation bonds had respective unrealized loss positions of $46 thousand, $7.1 million, $2.4 million, $1 thousand and $63 thousand, respectively. The fair value of these 162 securities fluctuate with changes in market conditions which for these underlying securities is primarily due to changes in the interest rate environment. The Corporation does not intend to sell the securities in an unrealized loss position and is unlikely to be required to sell these securities before a recovery of fair value, which may be maturity. Upon review of the attributes of the individual securities, the Corporation concluded these securities were not other-than-temporarily impaired. The Corporation did not recognize any other-than-temporary impairment charges on debt securities for the three months ended March 31, 2019 and 2018.

The Corporation recognized a $4 thousand net gain and $4 thousand net loss on equity securities during the three months ended March 31, 2019 and 2018, respectively, in other noninterest income. There were no sales of equity securities during the three months ended March 31, 2019 or March 31, 2018.

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Loans and Leases

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Loans and Leases

Loans and Leases

Summary of Major Loan and Lease Categories

	At March 31, 2019
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	910,493		$	17,145	$	927,638
Real estate-commercial	1,576,250			222,955		1,799,205
Real estate-construction	216,964			—		216,964
Real estate-residential secured for business purpose	304,574			56,348		360,922
Real estate-residential secured for personal purpose	361,488			47,652		409,140
Real estate-home equity secured for personal purpose	172,587			8,311		180,898
Loans to individuals	32,462			141		32,603
Lease financings	140,509			—		140,509
Total loans and leases held for investment, net of deferred income	$	3,715,327		$	352,552	$	4,067,879
Imputed interest on lease financings, included in the above table	$	(15,082	)	$	—	$	(15,082	)
Net deferred costs, included in the above table	4,426			—		4,426
Overdraft deposits included in the above table	208			—		208

	At December 31, 2018
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	913,166		$	24,519	$	937,685
Real estate-commercial	1,507,579			233,625		1,741,204
Real estate-construction	215,513			—		215,513
Real estate-residential secured for business purpose	302,393			60,403		362,796
Real estate-residential secured for personal purpose	338,451			49,959		388,410
Real estate-home equity secured for personal purpose	177,523			8,728		186,251
Loans to individuals	32,617			142		32,759
Lease financings	141,956			—		141,956
Total loans and leases held for investment, net of deferred income	$	3,629,198		$	377,376	$	4,006,574
Imputed interest on lease financings, included in the above table	$	(15,118	)	$	—	$	(15,118	)
Net deferred costs, included in the above table	3,930			—		3,930
Overdraft deposits included in the above table	139			—		139

Overdraft deposits are re-classified as loans and are included in the total loans and leases on the balance sheet.

The carrying amount of acquired loans at March 31, 2019 totaled $352.6 million, including $301.3 million of loans from the Fox Chase acquisition and $51.3 million from the Valley Green Bank acquisition. At March 31, 2019, loans acquired with deteriorated credit quality, or acquired credit impaired loans, totaled $693 thousand representing $62 thousand from the Fox Chase acquisition and $631 thousand from the Valley Green Bank acquisition. Acquired credit impaired loans are accounted for in accordance with Accounting Standards Codification (ASC) Topic 310-30.

The outstanding principal balance and carrying amount for acquired credit impaired loans at March 31, 2019 and December 31, 2018 were as follows:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018
Outstanding principal balance	$	871	$	893
Carrying amount	693		695
Reserve for loan losses	—		—

The following table presents the changes in accretable yield on acquired credit impaired loans:

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Beginning of period	$	—		$	11
Reclassification from nonaccretable discount	142			81
Accretable yield amortized to interest income	(142		)	(87		)
End of period	$	—		$	5

Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Acquired Credit Impaired		Total Loans and Leases Held for Investment		Recorded Investment 90 Days or more Past Due and Accruing Interest
At March 31, 2019
Commercial, financial and agricultural	$	1,661	$	210	$	1,952	$	3,823	$	923,815	$	—	$	927,638	$	—
Real estate—commercial real estate and construction:
Commercial real estate	2,133		647		5,518		8,298		1,790,701		206		1,799,205		—
Construction	341		—		106		447		216,517		—		216,964		—
Real estate—residential and home equity:
Residential secured for business purpose	1,521		515		1,138		3,174		357,323		425		360,922		—
Residential secured for personal purpose	3,346		—		1,811		5,157		403,921		62		409,140		325
Home equity secured for personal purpose	304		90		1,389		1,783		179,115		—		180,898		—
Loans to individuals	173		94		54		321		32,282		—		32,603		54
Lease financings	723		438		477		1,638		138,871		—		140,509		257
Total	$	10,202	$	1,994	$	12,445	$	24,641	$	4,042,545	$	693	$	4,067,879	$	636
At December 31, 2018
Commercial, financial and agricultural	$	1,043	$	270	$	2,228	$	3,541	$	934,144	$	—	$	937,685	$	—
Real estate—commercial real estate and construction:
Commercial real estate	5,425		1,538		1,599		8,562		1,732,436		206		1,741,204		—
Construction	2,163		106		—		2,269		213,244		—		215,513		—
Real estate—residential and home equity:
Residential secured for business purpose	2,497		777		1,164		4,438		357,932		426		362,796		—
Residential secured for personal purpose	2,334		—		1,586		3,920		384,427		63		388,410		—
Home equity secured for personal purpose	305		96		1,341		1,742		184,509		—		186,251		—
Loans to individuals	207		29		55		291		32,468		—		32,759		55
Lease financings	2,460		411		307		3,178		138,778		—		141,956		137
Total	$	16,434	$	3,227	$	8,280	$	27,941	$	3,977,938	$	695	$	4,006,574	$	192

Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at March 31, 2019 and December 31, 2018. Nonperforming loans exclude acquired credit impaired loans from Fox Chase and Valley Green.

	At March 31, 2019								At December 31, 2018
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases
Commercial, financial and agricultural	$	2,904	$	270	$	—	$	3,174	$	3,365	$	382	$	—	$	3,747
Real estate—commercial real estate and construction:
Commercial real estate	18,361		—		—		18,361		18,214		—		—		18,214
Construction	106		—		—		106		106		—		—		106
Real estate—residential and home equity:
Residential secured for business purpose	1,232		—		—		1,232		1,318		160		—		1,478
Residential secured for personal purpose	1,636		—		325		1,961		1,587		—		—		1,587
Home equity secured for personal purpose	1,493		—		—		1,493		1,448		—		—		1,448
Loans to individuals	—		—		54		54		—		—		55		55
Lease financings	220		—		257		477		170		—		137		307
Total	$	25,952	$	270	$	636	$	26,858	$	26,208	$	542	$	192	$	26,942

* Includes nonaccrual troubled debt restructured loans of $3.2 million and $1.3 million at March 31, 2019 and December 31, 2018, respectively.

Credit Quality Indicators

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at March 31, 2019 and December 31, 2018.

The Corporation employs a risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose. The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. Loans with a relationship balance of less than $1 million are reviewed on a performance basis, with the primary monitored metrics being delinquency (60 days or more past due). Loans with relationships greater than $1 million are reviewed at least annually.  Loan relationships exceeding $15 million or classified as special mention or substandard are reviewed at least quarterly, or more frequently based on management’s discretion. 

1. Pass—Loans considered satisfactory with no indications of deterioration

2. Special Mention—Potential weakness that deserves management's close attention

3. Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt

4. Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2019
Grade:
1. Pass	$	871,541	$	1,528,969	$	216,858	$	300,736	$	2,918,104
2. Special Mention	16,680		26,608		—		755		44,043
3. Substandard	22,272		20,673		106		3,083		46,134
4. Doubtful	—		—		—		—		—
Total	$	910,493	$	1,576,250	$	216,964	$	304,574	$	3,008,281
At December 31, 2018
Grade:
1. Pass	$	882,736	$	1,455,234	$	215,407	$	298,356	$	2,851,733
2. Special Mention	23,287		31,791		—		721		55,799
3. Substandard	7,143		20,554		106		3,316		31,119
4. Doubtful	—		—		—		—		—
Total	$	913,166	$	1,507,579	$	215,513	$	302,393	$	2,938,651

The following table presents classifications for acquired loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2019
Grade:
1. Pass	$	17,145	$	210,240	$	—	$	55,598	$	282,983
2. Special Mention	—		—		—		—		—
3. Substandard	—		12,715		—		750		13,465
4. Doubtful	—		—		—		—		—
Total	$	17,145	$	222,955	$	—	$	56,348	$	296,448
December 31, 2018
Grade:
1. Pass	$	24,450	$	220,911	$	—	$	59,567	$	304,928
2. Special Mention	—		—		—		—		—
3. Substandard	69		12,714		—		836		13,619
4. Doubtful	—		—		—		—		—
Total	$	24,519	$	233,625	$	—	$	60,403	$	318,547

Credit Exposure—Real Estate—Residential Secured for Personal Purpose, Real Estate—Home Equity Secured for Personal Purpose, Loans to individuals, Lease Financing Credit Risk Profile by Payment Activity

The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: residential real estate loans secured for a personal purpose, home equity loans secured for a personal purpose, loans to individuals and lease financings. Nonperforming loans and leases are loans and leases past due 90 days or more, loans and leases on nonaccrual of interest and troubled debt restructured loans and lease modifications. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Nonperforming loans and leases are reviewed monthly. Performing loans and leases have a nominal to moderate risk of loss.

The following table presents classifications for originated loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Total
At March 31, 2019
Performing	$	360,486	$	172,143	$	32,408	$	140,032	$	705,069
Nonperforming	1,002		444		54		477		1,977
Total	$	361,488	$	172,587	$	32,462	$	140,509	$	707,046
At December 31, 2018
Performing	$	337,762	$	177,139	$	32,562	$	141,649	$	689,112
Nonperforming	689		384		55		307		1,435
Total	$	338,451	$	177,523	$	32,617	$	141,956	$	690,547

The following table presents classifications for acquired loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Total
At March 31, 2019
Performing	$	46,693	$	7,262	$	141	$	—	$	54,096
Nonperforming	959		1,049		—		—		2,008
Total	$	47,652	$	8,311	$	141	$	—	$	56,104
At December 31, 2018
Performing	$	49,061	$	7,664	$	142	$	—	$	56,867
Nonperforming	898		1,064		—		—		1,962
Total	$	49,959	$	8,728	$	142	$	—	$	58,829

Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses for the three months ended March 31, 2019 and 2018:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended March 31, 2019
Reserve for loan and lease losses:
Beginning balance	$	7,983		$	13,903		$	2,236		$	3,199		$	484		$	1,288		$	271		$	29,364
Charge-offs	(468		)	(41		)	—			(11		)	(85		)	(104		)	N/A			(709		)
Recoveries	82			91			4			5			22			58			N/A			262
Provision (recovery of provision)	1,353			1,028			62			185			48			33			(25		)	2,684
Provision for acquired credit impaired loans	—			—			—			1			—			—			—			1
Ending balance	$	8,950		$	14,981		$	2,302		$	3,379		$	469		$	1,275		$	246		$	31,602
Three Months Ended March 31, 2018
Reserve for loan and lease losses:
Beginning balance	$	6,742		$	9,839		$	1,661		$	1,754		$	373		$	1,132		$	54		$	21,555
Charge-offs	(601		)	(40		)	—			—			(92		)	(136		)	N/A			(869		)
Recoveries	226			73			251			57			30			34			N/A			671
Provision (recovery of provision)	575			1,306			(41		)	96			61			49			6			2,052
Provision for acquired credit impaired loans	—			—			—			1			—			—			—			1
Ending balance	$	6,942		$	11,178		$	1,871		$	1,908		$	372		$	1,079		$	60		$	23,410

N/A – Not applicable

The following presents, by portfolio segment, the balance in the reserve for loan and lease losses disaggregated on the basis of impairment method and the recorded investment in loans and leases disaggregated on the basis of impairment method at March 31, 2019 and 2018:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial and Construction		Real Estate— Residential Secured for Business Purpose		Real Estate— Residential and Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Unallocated		Total
At March 31, 2019
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	243	$	925	$	—	$	335	$	—	$	—	N/A		$	1,503
Ending balance: collectively evaluated for impairment	8,707		14,049		2,302		3,044		469		1,275		246		30,092
Ending balance: acquired non-credit impaired loans evaluated for impairment	—		7		—		—		—		—		—		7
Total ending balance	$	8,950	$	14,981	$	2,302	$	3,379	$	469	$	1,275	$	246	$	31,602
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	3,174	$	18,467	$	1,232	$	3,129	$	—	$	—			$	26,002
Ending balance: collectively evaluated for impairment	907,319		1,772,999		303,342		530,946		32,462		140,509				3,687,577
Loans measured at fair value	—		1,748		—		—		—		—				1,748
Acquired non-credit impaired loans	17,145		222,749		55,923		55,901		141		—				351,859
Acquired credit impaired loans	—		206		425		62		—		—				693
Total ending balance	$	927,638	$	2,016,169	$	360,922	$	590,038	$	32,603	$	140,509			$	4,067,879
At March 31, 2018
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$	34	$	684	$	14	$	—	$	—	$	—	N/A		$	732
Ending balance: collectively evaluated for impairment	6,776		10,378		1,815		1,908		372		1,079		60		22,388
Ending balance: acquired non-credit impaired loans evaluated for impairment	132		116		42		—		—		—		—		290
Total ending balance	$	6,942	$	11,178	$	1,871	$	1,908	$	372	$	1,079	$	60	$	23,410
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	$	6,560	$	30,573	$	2,173	$	1,284	$	—	$	1,250			$	41,840
Ending balance: collectively evaluated for impairment	849,690		1,441,709		249,015		449,827		28,112		128,490				3,146,843
Loans measured at fair value	—		1,895		—		—		—		—				1,895
Acquired non-credit impaired loans	51,310		295,420		81,587		69,325		143		—				497,785
Acquired credit impaired loans	378		356		586		205		—		—				1,525
Total ending balance	$	907,938	$	1,769,953	$	333,361	$	520,641	$	28,255	$	129,740			$	3,689,888

N/A – Not applicable

The Corporation does not provide a reserve for loan loss for acquired loans unless additional deterioration of the portfolio is identified over the projections utilized in the initial fair value analysis. After the acquisition measurement period, the present value of any decreases in expected cash flows of acquired credit impaired loans will generally result in an impairment charge recorded as a provision for loan loss.

Impaired Loans (excludes Lease Financings)

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at March 31, 2019 and December 31, 2018. The impaired loans exclude acquired credit impaired loans.

	At March 31, 2019						At December 31, 2018
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Impaired loans with no related reserve recorded:
Commercial, financial and agricultural	$	2,581	$	3,195			$	2,776	$	3,361
Real estate—commercial real estate	5,600		6,569				6,578		7,516
Real estate—construction	106		111				106		111
Real estate—residential secured for business purpose	1,232		1,417				1,478		1,660
Real estate—residential secured for personal purpose	911		975				863		911
Real estate—home equity secured for personal purpose	1,418		1,469				1,373		1,404
Total impaired loans with no related reserve recorded	$	11,848	$	13,736			$	13,174	$	14,963
Impaired loans with a reserve recorded:
Commercial, financial and agricultural	$	593	$	939	$	243	$	971	$	1,024	$	413
Real estate—commercial real estate	12,761		13,423		925		11,637		12,162		675
Real estate—residential secured for personal purpose	725		725		260		724		724		252
Real estate—home equity secured for personal purpose	75		75		75		75		75		75
Total impaired loans with a reserve recorded	$	14,154	$	15,162	$	1,503	$	13,407	$	13,985	$	1,415

Total impaired loans:
Commercial, financial and agricultural	$	3,174	$	4,134	$	243	$	3,747	$	4,385	$	413
Real estate—commercial real estate	18,361		19,992		925		18,215		19,678		675
Real estate—construction	106		111		—		106		111		—
Real estate—residential secured for business purpose	1,232		1,417		—		1,478		1,660		—
Real estate—residential secured for personal purpose	1,636		1,700		260		1,587		1,635		252
Real estate—home equity secured for personal purpose	1,493		1,544		75		1,448		1,479		75
Total impaired loans	$	26,002	$	28,898	$	1,503	$	26,581	$	28,948	$	1,415

Impaired loans include nonaccrual loans and accruing troubled debt restructured loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the original contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates.

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is an accruing troubled debt restructured loan or if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 

	Three Months Ended March 31, 2019						Three Months Ended March 31, 2018
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms
Commercial, financial and agricultural	$	3,650	$	5	$	54	$	7,703	$	40	$	77
Real estate—commercial real estate	18,245		3		254		19,916		172		287
Real estate—construction	106		—		1		183		—		2
Real estate—residential secured for business purpose	1,277		—		20		2,217		5		24
Real estate—residential secured for personal purpose	1,619		—		25		544		1		11
Real estate—home equity secured for personal purpose	1,426		—		23		549		—		8
Total	$	26,323	$	8	$	377	$	31,112	$	218	$	409

* Includes interest income recognized on a cash basis for nonaccrual loans of $3 thousandand$6 thousand for the three months ended March 31, 2019 and 2018, respectively, and interest income recognized on the accrual method for accruing impaired loans of $5 thousand and $212 thousand for the three months ended March 31, 2019 and 2018, respectively.

Impaired Leases

The Corporation had no impaired leases at March 31, 2019 and December 31, 2018.

Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended March 31, 2019							Three Months Ended March 31, 2018
(Dollars in thousands)	Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve		Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	$	—	$	—	—	$	—	$	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural*	2	$	956	$	956	$	—	—	$	—	$	—	$	—
Real estate—commercial real estate*	1	1,313		1,313		—		—	—		—		—
Total	3	$	2,269	$	2,269	$	—	—	$	—	$	—	$	—

* The three loans in the above table were modified via the execution of a forbearance agreement. These loans relate to one borrower and were on nonaccrual status at the time of modification.

The Corporation grants concessions to existing borrowers primarily related to extensions of interest-only payment periods and an occasional payment modification. These modifications typically are for up to one year. The goal when restructuring a credit is to establish a reasonable period of time to provide cash flow relief to customers experiencing cash flow difficulties. Accruing troubled debt restructured loans are primarily comprised of loans on which interest is being accrued under the restructured terms, and the loans are current or less than ninety days past due.

The following presents, by class of loans, information regarding the types of concessions granted on accruing and nonaccrual loans that were restructured during the three months ended March 31, 2019 and 2018.

	Amortization Period Extension			Total Concessions Granted
(Dollars in thousands)	No. of Loans	Amount		No. of Loans	Amount
Three Months Ended March 31, 2019
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural	2	$	956	2	$	956
Real estate—commercial real estate	1	1,313		1	1,313
Total	3	$	2,269	3	$	2,269
Three Months Ended March 31, 2018
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:

	Three Months Ended March 31,
	2019			2018
(Dollars in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	1	$	953
Total	—	$	—	1	$	953

The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018
Real estate-residential secured for personal purpose	$	563	$	563
Real estate-home equity secured for personal purpose	1,134		1,134
Total	$	1,697	$	1,697

The Corporation held no foreclosed residential real estate property at March 31, 2019 and December 31, 2018.

Lease Financings

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", and subsequent related updates, to revise the accounting for leases. The Corporation adopted this guidance effective January 1, 2019 on a modified retrospective basis at January 1, 2019. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information. Lessor accounting was largely unchanged as a result of the standard. Additional disclosures required under the standard are included in the following section.

The Corporation, through Univest Capital, Inc., an equipment financing business and a subsidiary of the Bank, provides lease financing to customers primarily in the form of sales-type leases with fixed payment terms and $1.00 dollar buyout clauses. A minor number of contracts are classified as either direct financing leases or operating leases. The fair value of the identified assets within sales-type and direct financing leases are equal to the carrying amount such that there is no profit or loss recorded or deferred upon lease commencement. All receivables related to the equipment financing business are recorded within lease financings as of March 31, 2019.

The primary risks that are involved with lease financing receivables are credit underwriting and borrower industry concentrations. The Corporation has strict underwriting, review and monitoring procedures in place to mitigate this risk. Risk also lies in the residual value of the underlying equipment. Residual values are subject to judgments as to the value of the underlying equipment that can be affected by changes in economic and market conditions and the financial viability of the residual guarantors and insurers. To the extent not guaranteed or assumed by a third party, or otherwise insured against, the Corporation bears the risk of ownership of the leased assets. This includes the risk that the actual value of the leased assets at the end of the lease term will be less than the residual value. The Corporation greatly reduces this risk primarily by using $1.00 buyout leases, in which the entire cost of the leased equipment is included in the contractual payments, leaving no residual payment at the end of the lease term for the majority of its lease portfolio.

Lease financings are stated at net investment amount, consisting of the present value of lease payments and unguaranteed residual value, plus initial direct costs. Initial direct costs, comprised of commissions paid that would not have been incurred if the lease had not been obtained, are deferred and amortized over the life of the contract, and are presented within net interest income on leases.

The following presents the schedule of minimum lease payments receivable:

(Dollars in thousands)	At March 31, 2019			At December 31, 2018
2019 (excluding the three months ended March 31, 2019)	$	42,206		$	55,201
2020	46,128			43,355
2021	32,719			29,678
2022	20,447			17,687
2023	8,895			6,674
Thereafter	2,647			1,975
Total future minimum lease payments receivable	153,042			154,570
Plus: Unguaranteed residual	672			600
Plus: Initial direct costs	1,877			1,904
Less: Imputed interest	(15,082		)	(15,118		)
Lease financings	$	140,509		$	141,956

Included within the "2019 (excluding the three months ended March 31, 2019)" line item above as of March 31, 2019 and December 31, 2018 are $7 thousand and $0 thousand, respectively, of receivables related to an operating lease contract.

For the three months ended March 31, 2019 and 2018, the Corporation recognized $2.0 million and $1.8 million, respectively, of interest income on lease financings within total interest and fees on loans and leases on the condensed consolidated statements of income. The Corporation did not record any profit or loss upon commencement date of its leases or any lease income related to variable lease payments.

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The Corporation has core deposit and customer-related intangibles and servicing rights, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The Corporation also has goodwill which is deemed to be an indefinite intangible asset and is not amortized.

Changes in the carrying amount of the Corporation's goodwill by business segment for the three months ended March 31, 2019 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2018	$	138,476	$	15,434	$	18,649	$	172,559
Addition to goodwill from acquisitions	—		—		—		—
Balance at March 31, 2019	$	138,476	$	15,434	$	18,649	$	172,559

The following table reflects the components of intangible assets at the dates indicated:

	At March 31, 2019						At December 31, 2018
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Covenants not to compete	$	—	$	—	$	—	$	710	$	710	$	—
Core deposit intangibles	6,788		3,376		3,412		6,788		3,143		3,645
Customer related intangibles	8,819		7,426		1,393		12,381		10,804		1,577
Servicing rights	17,639		10,914		6,725		17,314		10,546		6,768
Total amortized intangible assets	$	33,246	$	21,716	$	11,530	$	37,193	$	25,203	$	11,990

The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2019 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	1,148
2020		1,200
2021		923
2022		666
2023		409
Thereafter		459

The Corporation has originated mortgage servicing rights, which are included in other intangible assets on the consolidated balance sheet. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing income on a basis similar to the interest method and an accelerated amortization method for loan payoffs. Mortgage servicing rights are subject to impairment testing on a quarterly basis. The aggregate fair value of these rights was $10.3 million at March 31, 2019 and $11.5 million at December 31, 2018. The fair value of mortgage servicing rights was determined using a discount rate of 10.0% at March 31, 2019 and December 31, 2018. The Corporation also records servicing rights on small business administration (SBA) loans. The value of these servicing rights was $62 thousand and $42 thousand at March 31, 2019 and December 31, 2018, respectively.

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Beginning of period	$	6,768		$	6,573
Servicing rights capitalized	266			337
Amortization of servicing rights	(309		)	(305		)
End of period	$	6,725		$	6,605
Residential mortgage and SBA loans serviced for others	$	1,037,948		$	1,012,677

The estimated amortization expense of servicing rights for the remainder of 2019 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	1,017
2020		883
2021		759
2022		650
2023		555
Thereafter		2,861

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Deposits

3 Months Ended

Mar. 31, 2019

Banking and Thrift [Abstract]

Deposits

Deposits

Deposits and their respective weighted average interest rate at March 31, 2019 and December 31, 2018 consist of the following:

	At March 31, 2019				At December 31, 2018
	Weighted Average Interest Rate		Amount		Weighted Average Interest Rate		Amount
	(Dollars in thousands)
Noninterest-bearing deposits	—	%	$	1,103,674	—	%	$	1,055,919
Demand deposits	1.17		1,441,540		1.01		1,377,171
Savings deposits	0.45		819,255		0.33		782,766
Time deposits	1.86		638,684		1.76		670,077
Total	0.81	%	$	4,003,153	0.73	%	$	3,885,933

The aggregate amount of time deposits in denominations of $100 thousand or more was $252.4 million at March 31, 2019 and $283.4 million at December 31, 2018. Deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC. Deposit insurance per account owner is currently up to $250 thousand. The aggregate amount of time deposits in denominations over $250 thousand was $102.1 million at March 31, 2019 and $129.5 million at December 31, 2018.

At March 31, 2019, the scheduled maturities of time deposits are as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	285,656
2020		167,034
2021		66,896
2022		37,394
2023		72,105
Thereafter		9,599
Total		$	638,684

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Borrowings

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Borrowings

Borrowings

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization, from the Fox Chase acquisition.

	At March 31, 2019				At December 31, 2018
(Dollars in thousands)	Balance at End of Period		Weighted Average Interest Rate at End of Period		Balance at End of Period		Weighted Average Interest Rate at End of Period
Short-term borrowings:
FHLB borrowings	$	—	—	%	$	108,300	2.62	%
Federal funds purchased	55,000		2.55		60,000		2.60
Customer repurchase agreements	18,185		0.05		21,468		0.05
Long-term debt:
FHLB advances	$	125,000	1.92	%	$	125,000	1.92	%
Security repurchase agreements	20,263		2.83		20,330		2.71
Subordinated notes	$	94,635	5.33	%	$	94,574	5.33	%

The Corporation, through the Bank, has a credit facility with the Federal Home Loan Bank (FHLB) with a maximum borrowing capacity of approximately $1.7 billion. Advances from the FHLB are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets. At March 31, 2019 and December 31, 2018, the Bank had outstanding short-term letters of credit with the FHLB totaling $336.9 million and $347.5 million, respectively, which were utilized to collateralize public funds deposits. The maximum borrowing capacity with the FHLB changes as a function of the Bank’s qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank.    

The Corporation, through the Bank, maintains uncommitted federal fund credit lines with several correspondent banks that totaled $367.0 million at March 31, 2019 and December 31, 2018. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will.

The Corporation, through the Bank, holds collateral at the Federal Reserve Bank of Philadelphia in order to access the Discount Window Lending program. The collateral consisting of investment securities was valued at $104.9 million and $69.5 million at March 31, 2019 and December 31, 2018, respectively. At March 31, 2019 and December 31, 2018, the Corporation had no outstanding borrowings under this program.

The Corporation has a $10.0 million committed line of credit with a correspondent bank. At March 31, 2019 and December 31, 2018, the Corporation had no outstanding borrowings under this line.

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of March 31, 2019		Weighted Average Rate
Remainder of 2019	$	10,000	1.35	%
2020	40,000		1.70
2021	55,000		1.94
2022	10,000		2.09
2023	10,000		3.02
Thereafter	—		—
Total	$	125,000	1.92	%

Long-term debt under security repurchase agreements with large commercial banks mature as follows:

(Dollars in thousands)	As of March 31, 2019		Weighted Average Rate
Remainder of 2019	$	10,076	2.83	%
2020	10,187		2.82
2021	—		—
2022	—		—
2023	—		—
Thereafter	—		—
Total	$	20,263	2.83	%

Long-term debt under security repurchase agreements totaling $20.3 million are variable based on the one-month LIBOR rate plus a spread.

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Retirement Plans and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Retirement Plans and Other Postretirement Benefits

Retirement Plans and Other Postretirement Benefits

Substantially all employees who were hired before December 8, 2009 are covered by a noncontributory retirement plan. Employees hired on or after December 8, 2009 are not eligible to participate in the noncontributory retirement plan. The Corporation also provides supplemental executive retirement benefits to certain former executives, a portion of which is in excess of limits imposed on qualified plans by federal tax law. These plans are non-qualified benefit plans. These non-qualified benefit plans are not offered to new participants and all current participants are now retired. Information on these plans are aggregated and reported under “Retirement Plans” within this footnote.

The Corporation also provides certain postretirement healthcare and life insurance benefits for retired employees. Information on these benefits is reported under “Other Postretirement Benefits” within this footnote.

The Corporation sponsors a Supplemental Non-Qualified Pension Plan, which was established in 1981 prior to the existence of the 401(k) deferred salary savings plan, employee stock purchase plan and long-term incentive plans and therefore is not offered to new participants. All current participants are now retired.

Components of net periodic benefit cost (income) were as follows:

	Three Months Ended March 31,
	2019			2018			2019		2018
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	109		$	140		$	17	$	22
Interest cost	476			441			23		23
Expected return on plan assets	(771		)	(796		)	—		—
Amortization of net actuarial loss	294			280			—		1
Accretion of prior service cost	(45		)	(71		)	—		—
Net periodic benefit cost (income)	$	63		$	(6	)	$	40	$	46

The components of net periodic benefit cost other than the service cost component are included in other noninterest expense in the consolidated statements of income.

The Corporation previously disclosed in its financial statements for the year ended December 31, 2018 that it expected to make contributions of $157 thousand to its non-qualified retirement plans and $89 thousand to its other postretirement benefit plans in 2019. During the three months ended March 31, 2019, the Corporation contributed $40 thousand to its non-qualified retirement plans and $26 thousand to its other postretirement plans. During the three months ended March 31, 2019, $647 thousand was paid to participants from the retirement plans and $26 thousand was paid to participants from the other postretirement plans.

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Stock-Based Incentive Plan

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Incentive Plan

Stock-Based Incentive Plan

The Corporation has a shareholder approved 2013 Long-Term Incentive Plan, which replaced the expired 2003 Long-Term Incentive Plan. In December 2018, the Corporation's Board of Directors approved an Amended and Restated Univest 2013 Long-Term Incentive Plan (the Plan) to allow for the issuance of restricted stock units.

During the three months ended March 31, 2019, the Corporation issued to directors and employees (“grantees”) restricted stock units rather than restricted stock awards or stock options, which were issued to grantees in prior reporting periods. Restricted stock units differ from restricted stock awards in that Corporation stock is not issued to grantees at the date of the grant and the grantee does not have voting or dividend rights during the vesting period. In the following schedules, issued restricted stock units have been combined with restricted stock awards, as the determination of the value at the grant date and methodology for recording stock-based compensation expense is the same for restricted stock units and restricted stock awards.    

The following is a summary of the Corporation's stock option activity and related information for the three months ended March 31, 2019:

(Dollars in thousands, except per share data)	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value at March 31, 2019
Outstanding at December 31, 2018	597,405		$	23.98
Expired	(7,756	)	22.99
Forfeited	(6,500	)	25.53
Exercised	(30,500	)	17.06
Outstanding at March 31, 2019	552,649		24.36		7.2	$	1,321
Exercisable at March 31, 2019	384,220		22.65		6.6	1,312

The following is a summary of nonvested stock options at March 31, 2019 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Options		Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 2018	344,230		$	6.48
Vested	(169,301	)	6.44
Forfeited	(6,500	)	6.40
Nonvested stock options at March 31, 2019	168,429		6.52

The following aggregated assumptions were used to estimate the fair value of options granted during the three months ended March 31,2018. The Corporation did not issue stock options during the three months ended March 31, 2019.

	Three Months Ended March 31,
	2018
	Actual
Expected option life in years	6.6
Risk free interest rate	2.80	%
Expected dividend yield	2.81	%
Expected volatility	27.15	%
Fair value of options	$6.46

The following is a summary of nonvested restricted stock awards and nonvested restricted stock units at March 31, 2019 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Awards and Units		Weighted Average Grant Date Fair Value
Nonvested stock awards at December 31, 2018	157,579		$	25.33
Granted	113,729		25.66
Vested	(32,965	)	21.86
Cancelled	(17,349	)	19.68
Nonvested stock awards and units at March 31, 2019	220,994		26.46

The fair value of restricted stock awards and units is equivalent to the fair value of the Corporation's stock on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock awards and units is summarized below for the periods indicated:

	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2019		2018
Restricted stock awards and units granted	113,729		59,953
Weighted average grant date fair value	$	25.66	$	28.39
Intrinsic value of awards vested	$	809	$	1,193

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested stock options and nonvested restricted stock awards and units at March 31, 2019 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Stock options	$	965	1.6
Restricted stock awards and units	4,148		2.4
	$	5,113	2.3

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Stock-based compensation expense:
Stock options	$	216	$	228
Restricted stock awards and units	361		619
Employee stock purchase plan	17		15
Total	$	594	$	862
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	$	165	$	243

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Accumulated Other Comprehensive (Loss) Income

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized (Losses) Gains on Available-for-Sale Investment Securities			Net Change Related to Derivatives Used for Cash Flow Hedges			Net Change Related to Defined Benefit Pension Plans			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2018	$	(11,221	)	$	81		$	(17,276	)	$	(28,416	)
Adjustment to initially apply ASU No. 2017-12 for derivatives (1)	—			83			—			83
Other comprehensive income (loss)	4,044			(145		)	196			4,095
Balance, March 31, 2019	$	(7,177	)	$	19		$	(17,080	)	$	(24,238	)
Balance, December 31, 2017	$	(4,061	)	$	9		$	(13,719	)	$	(17,771	)
Adjustment to initially apply ASU No. 2016-01 for equity securities measured at fair value	(433		)	—			—			(433		)
Adjustment to initially apply ASU No. 2018-02 for reclassification of stranded net tax charges	(968		)	2			(2,955		)	(3,921		)
Other comprehensive (loss) income	(5,015		)	183			166			(4,666		)
Balance, March 31, 2018	$	(10,477	)	$	194		$	(16,508	)	$	(26,791	)

(1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

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Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Derivative Instruments and Hedging Activities

Interest Rate Swaps

In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" and subsequent related updates. The Corporation adopted this guidance effective January 1, 2019, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings at January 1, 2019. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

The Corporation may use interest rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. Recorded amounts related to interest-rate swaps are included in other assets or liabilities. The Corporation’s credit exposure on interest rate swaps includes fair value and any collateral that is held by a third party. Changes in the fair value of derivative instruments designated as hedges of future cash flows are recognized in accumulated other comprehensive income until the underlying transactions occur, at which time the deferred gains and losses are recognized in earnings. For a qualifying fair value hedge, the gain or loss on the hedging instrument is recognized in earnings, and the change in fair value of the hedge item, to the extent attributable to the hedged risk, adjusts the carrying amount of the hedge item and is recognized in earnings.

In 2014, the Corporation entered into an amortizing interest rate swap classified as a cash flow hedge with a notional amount of $20.0 million to hedge a portion of the debt financing of a pool of 10-year fixed rate loans with balances totaling $29.1 million, at time of the hedge, that were originated in 2013. A brokered money market demand account with a balance exceeding the amortizing interest rate swap balance is being used for the cash flow hedge. Under the terms of the swap agreement, the Corporation pays a fixed rate of 2.10% and receives a floating rate of one-monthLIBOR. The swap matures in November 2022. The Corporation performed an assessment of the hedge for effectiveness at the inception of the hedge and on a recurring basis to determine that the derivative has been and is expected to continue to be highly effective in offsetting changes in cash flows of the hedged item. At March 31, 2019, approximately $81 thousand in net deferred gains, net of tax, recorded in accumulated other comprehensive loss are expected to be reclassified into earnings during the next twelve months. This amount could differ from amounts actually recognized due to changes in interest rates, hedge de-designations, and the addition of other hedges subsequent to March 31, 2019. At March 31, 2019, the notional amount of the interest rate swap was $16.9 million, with a positive fair value of $24 thousand.

The Corporation has an interest rate swap classified as a fair value hedge with a current notional amount of $1.3 million to hedge a 10-year fixed rate loan that is earning interest at 5.83%. The Corporation pays a fixed rate of 5.83% and receives a floating rate based on the one-month LIBOR plus 350 basis points. The swap matures in October 2021. Effective January 1, 2019, the entire change in the fair values of the interest rate swap and the hedged loan included in the assessment of hedge effectiveness is recorded in interest income in the consolidated statements of operations. Prior to January 1, 2019, the difference between changes in the fair values of the interest rate swap agreement and the hedged loan represented hedge ineffectiveness and was recorded in other noninterest income in the consolidated statements of operations.

The Corporation has an interest rate swap with a current notional amount of $390 thousand, for a 15-year fixed rate loan that is earning interest at 7.43%. The Corporation pays a fixed rate of 7.43% and receives a floating rate based on the one-month LIBOR plus 224 basis points. The swap matures in April 2022. The interest rate swap is carried at fair value in accordance with FASB ASC 815 "Derivatives and Hedging." The loan is carried at fair value under the fair value option as permitted by FASB ASC 825 "Financial Instruments."

Credit Derivatives

The Corporation has agreements with third-party financial institutions whereby the third-party financial institution enters into interest rate derivative contracts with loan customers referred to them by the Corporation. By the terms of the agreements, the third-party financial institution has recourse to the Corporation for any exposure created under each swap contract in the event the customer defaults on the swap agreement and the agreement is in a paying position to the third-party financial institution. These transactions represent credit derivatives and are a customary arrangement that allows the Corporation to provide access to interest rate transactions for customers without creating the swap. The Corporation records the fair value of credit derivatives in other liabilities on the consolidated balance sheets. The Corporation recognizes changes in the fair value of credit derivatives, net of any fees received, in other noninterest income in the consolidated statements of income.

At March 31, 2019, the Corporation has twenty-two variable-rate to fixed-rate interest rate swap transactions between the third-party financial institution and customers with a current notional amount of $150.1 million and remaining maturities ranging from less than one year to 10 years. At March 31, 2019, the fair value of the swaps to the customers was a net liability of $2.8 million and $87.7 million of notional amount of the swaps were in paying positions while $62.4 million were in receiving positions to the third-party financial institution. At March 31, 2019, the fair value of the Corporation's interest rate swap credit derivatives was a liability of $79 thousand.

The maximum potential payments by the Corporation to the third-party financial institution under these credit derivatives are not estimable as they are contingent on future interest rates and the agreement does not provide for a limitation of the maximum potential payment amount.

Mortgage Banking Derivatives

Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1-to 4-family residential properties whose predominant risk characteristic is interest rate risk. The fair values of these derivative loan commitments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties.

Derivatives Tables

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2019 and December 31, 2018. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2019
Interest rate swap - cash flow hedge	$	16,881	Other assets	$	24		$	—
Interest rate swap - fair value hedge	1,335			—		Other liabilities	4
Total	$	18,216		$	24		$	4
At December 31, 2018
Interest rate swap - cash flow hedge	$	17,076	Other assets	$	185		$	—
Interest rate swap - fair value hedge	1,346		Other assets	4			—
Total	$	18,422		$	189		$	—

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2019 and December 31, 2018:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2019
Interest rate swap	$	390		$	—	Other liabilities	$	19
Credit derivatives	150,118			—		Other liabilities	79
Interest rate locks with customers	21,904		Other assets	455			—
Forward loan sale commitments	22,814			—		Other liabilities	121
Total	$	195,226		$	455		$	219
At December 31, 2018
Interest rate swap	$	418		$	—	Other liabilities	$	20
Credit derivatives	122,410			—		Other liabilities	72
Interest rate locks with customers	21,494		Other assets	490			—
Forward loan sale commitments	23,227			—		Other liabilities	150
Total	$	167,549		$	490		$	242

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2019			2018
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	(16	)	$	20
Interest rate swap—fair value hedge—effectiveness	Interest income	1			—
Total net gain (loss)		$	17		$	(20	)

The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2019			2018
Credit derivatives	Other noninterest income	$	264		$	4
Interest rate locks with customers	Net loss on mortgage banking activities	(35		)	(132		)
Forward loan sale commitments	Net gain (loss) on mortgage banking activities	29			(49		)
Total net gain (loss)		$	258		$	(177	)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	Accumulated Other Comprehensive Income	At March 31, 2019		At December 31, 2018
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	19	$	80
Total		$	19	$	80

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Fair Value Disclosures

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value Disclosures

Fair Value Disclosures

Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting period.

Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment.

Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation.

Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy.

Investment Securities

Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the end of each trading day. Level 2 of the valuation hierarchy includes securities issued by U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy.

Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does not have sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control.

Certain corporate bonds owned by the Corporation are classified as Level 3 as they are not traded in active markets. The fair value of each bond is estimated by benchmarking similar transactions of structure, yield and credit which are owned by the Corporation and are actively traded in the market.

On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. If, upon the Corporation’s review or in comparing with another service, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to the current pricing service regarding the data used to determine the valuation of a particular security. If the Corporation determines there is market information that would support a different valuation than from the current pricing service’s evaluation, the Corporation may utilize and change the security's valuation. There were no material differences in valuations noted at March 31, 2019.

Derivative Financial Instruments

The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Interest rate swaps and mortgage banking derivative financial instruments are classified within Level 2 of the valuation hierarchy. Credit derivatives are valued based on credit worthiness of the underlying borrower which is a significant unobservable input and therefore classified in Level 3 of the valuation hierarchy.

Two commercial loans associated with interest rate swaps are classified in Level 3 of the valuation hierarchy since lending credit risk is not an observable input for these loans. The unrealized gain on the two loans was $28 thousand at March 31, 2019.

Contingent Consideration Liability

The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability.

The following table presents the assets and liabilities measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018, classified using the fair value hierarchy:

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	10,323	$	—	$	10,323
State and political subdivisions	—		61,974		—		61,974
Residential mortgage-backed securities	—		147,765		—		147,765
Collateralized mortgage obligations	—		2,786		—		2,786
Corporate bonds	—		66,161		26,639		92,800
Total available-for-sale securities	—		289,009		26,639		315,648
Equity securities:
Equity securities - financial services industry	927		—		—		927
Money market mutual funds	1,838		—		—		1,838
Total equity securities	2,765		—		—		2,765
Loans*	—		—		1,748		1,748
Interest rate swaps*	—		24		—		24
Interest rate locks with customers*	—		455		—		455
Total assets	$	2,765	$	289,488	$	28,387	$	320,640
Liabilities:
Contingent consideration liability	$	—	$	—	$	235	$	235
Interest rate swaps*	—		23		—		23
Credit derivatives*	—		—		79		79
Forward loan sale commitments*	—		121		—		121
Total liabilities	$	—	$	144	$	314	$	458

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	15,315	$	—	$	15,315
State and political subdivisions	—		65,415		—		65,415
Residential mortgage-backed securities	—		151,762		—		151,762
Collateralized mortgage obligations	—		2,888		—		2,888
Corporate bonds	—		67,398		25,729		93,127
Total available-for-sale securities	—		302,778		25,729		328,507
Equity securities:
Equity securities - financial services industry	924		—		—		924
Money market mutual funds	1,241		—		—		1,241
Total equity securities	2,165		—		—		2,165
Loans*	—		—		1,779		1,779
Interest rate swap*	—		189		—		189
Interest rate locks with customers*	—		490		—		490
Total assets	$	2,165	$	303,457	$	27,508	$	333,130
Liabilities:
Contingent consideration liability	$	—	$	—	$	259	$	259
Interest rate swaps*	—		20		—		20
Credit derivatives*	—		—		72		72
Forward loan sale commitments*	—		150		—		150
Total liabilities	$	—	$	170	$	331	$	501

* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."

The following table includes a rollforward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019
(Dollars in thousands)	Balance at December 31, 2018			Purchases/additions			Sales		Payments received			Premium amortization, net		Increase (decrease) in value		Balance at March 31, 2019
Corporate bonds	$	25,729		$	—		$	—	$	—		$	—	$	910	$	26,639
Loans	1,779			—			—		(39		)	—		8		1,748
Credit derivatives	(72		)	(271		)	—		—			—		264		(79		)
Net total	$	27,436		$	(271	)	$	—	$	(39	)	$	—	$	1,182	$	28,308

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017			Purchases/additions		Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2018
Corporate bonds	$	27,986		$	—	$	—	$	—		$	—	$	(1,064	)	$	26,922
Loans	1,958			—		—		(37		)	—		(26		)	1,895
Credit derivatives	(36		)	—		—		—			—		5			(31		)
Net total	$	29,908		$	—	$	—	$	(37	)	$	—	$	(1,085	)	$	28,786

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019
(Dollars in thousands)	Balance at December 31, 2018		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2019
Girard Partners	$	259	$	—	$	33	$	9	$	235
Total contingent consideration liability	$	259	$	—	$	33	$	9	$	235

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2018
Girard Partners	$	339	$	—	$	34	$	17	$	322
Total contingent consideration liability	$	339	$	—	$	34	$	17	$	322

The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or impairment charges of individual assets. The following table represents assets measured at fair value on a non-recurring basis at March 31, 2019 and December 31, 2018:

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	24,499	$	24,499
Other real estate owned	—		—		540		540
Total	$	—	$	—	$	25,039	$	25,039

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	25,166	$	25,166
Other real estate owned	—		—		1,187		1,187
Total	$	—	$	—	$	26,353	$	26,353

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at March 31, 2019 and December 31, 2018. The disclosed fair values are classified using the fair value hierarchy.

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	66,141	$	—		$	—	$	66,141		$	66,141
Held-to-maturity securities	—		148,960			—		148,960			148,470
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			32,699
Loans held for sale	—		948			—		948			921
Net loans and leases held for investment	—		—			4,020,771		4,020,771			4,010,030
Servicing rights	—		—			10,362		10,362			6,725
Total assets	$	66,141	$	149,908		$	4,031,133	$	4,247,182		$	4,264,986
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	3,364,469	$	—		$	—	$	3,364,469		$	3,364,469
Time deposits	—		635,255			—		635,255			638,684
Total deposits	3,364,469		635,255			—		3,999,724			4,003,153
Short-term borrowings	—		73,185			—		73,185			73,185
Long-term debt	—		144,717			—		144,717			145,263
Subordinated notes	—		96,394			—		96,394			94,635
Total liabilities	$	3,364,469	$	949,551		$	—	$	4,314,020		$	4,316,236
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(7,988	)	$	—	$	(7,988	)	$	—

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	109,420	$	—		$	—	$	109,420		$	109,420
Held-to-maturity securities	—		141,575			—		141,575			142,634
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			28,337
Loans held for sale	—		1,798			—		1,798			1,754
Net loans and leases held for investment	—		—			3,924,329		3,924,329			3,950,265
Servicing rights	—		—			11,496		11,496			6,768
Total assets	$	109,420	$	143,373		$	3,935,825	$	4,188,618		$	4,239,178
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	3,215,856	$	—		$	—	$	3,215,856		$	3,215,856
Time deposits	—		664,738			—		664,738			670,077
Total deposits	3,215,856		664,738			—		3,880,594			3,885,933
Short-term borrowings	—		189,768			—		189,768			189,768
Long-term debt	—		144,021			—		144,021			145,330
Subordinated notes	—		95,113			—		95,113			94,574
Total liabilities	$	3,215,856	$	1,093,640		$	—	$	4,309,496		$	4,315,605
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,516	)	$	—	$	(2,516	)	$	—

The following valuation methods and assumptions were used by the Corporation in estimating the fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed:

Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheet for cash and due from banks, interest-earning deposits with other banks, federal funds sold and other short-term investments is their stated value. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy.

Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy.

Federal Home Loan Bank, Federal Reserve Bank and other stock: It is not practical to determine the fair values of Federal Home Loan Bank, Federal Reserve Bank and other stock, due to restrictions placed on their transferability.

Loans held for sale: The fair value of the Corporation’s mortgage loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. These loans are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans held for sale are carried at the lower of cost or estimated fair value. There were no valuation adjustments for loans held for sale at March 31, 2019 and December 31, 2018.

Loans and leases held for investment: The fair values for loans and leases held for investment are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers, adjusted as appropriate to consider credit, liquidity and marketability factors to arrive at a fair value that represents the Corporation's exit price at which these instruments would be sold or transferred.Loans and leases are classified within Level 3 in the fair value hierarchy since credit risk is not an observable input.

Impaired loans and leases held for investment: For impaired loans and leases, the Corporation uses a variety of techniques to measure fair value, such as using the current appraised value of the collateral, agreements of sale, discounting the contractual cash flows, and analyzing market data that the Corporation may adjust due to specific characteristics of the loan/lease or collateral. At March 31, 2019, impaired loans held for investment had a carrying amount of $24.5 million with a valuation allowance of $1.5 million. At December 31, 2018, impaired loans held for investment had a carrying amount of $26.6 million with a valuation allowance of $$1.4 million. The Corporation had no impaired leases at March 31, 2019 and December 31, 2018.

Servicing rights: The Corporation estimates the fair value of mortgage servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. Mortgage servicing rights are classified within Level 3 in the fair value hierarchy based upon management's assessment of the inputs. The Corporation reviews the mortgage servicing rights portfolio on a quarterly basis for impairment and the mortgage servicing rights are carried at the lower of amortized cost or estimated fair value. The Corporation also records servicing rights on SBA loans. At March 31, 2019 and December 31, 2018, servicing rights had a carrying amount of $6.7 million and $6.7 million, respectively, with no valuation allowance.

Goodwill and other identifiable assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. During the three months ended March 31, 2019, there were no triggering events that required valuation of goodwill and other identifiable intangible assets.

Other real estate owned: The fair value of other real estate owned (OREO) is originally estimated based upon the appraised value less estimated costs to sell. The fair value less cost to sell becomes the "original cost" of the OREO asset. Subsequently, OREO is reported at the lower of the original cost or the current fair value less cost to sell. Capital improvement expenses associated with the construction or repair of the property are capitalized as part of the cost of the OREO asset; however, the capitalized expenses may not increase the OREO asset's recorded value to an amount greater than the asset's fair value after improvements and less cost to sell. New appraisals are generally obtained on an annual basis if an agreement of sale does not exist. During the three months ended March 31, 2019, one property was sold with total proceeds of $599 thousand. At March 31, 2019 and December 31, 2018, OREO had a carrying amount of $540 thousand and $1.2 million, respectively. Other real estate owned is classified within Level 3 of the valuation hierarchy due to the unique characteristics of the collateral for each loan.

Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy.

Short-term borrowings: The fair value of short-term borrowings are estimated using current market rates for similar borrowings and are classified within Level 2 in the fair value hierarchy.

Long-term debt: The fair value of long-term debt is estimated by using discounted cash flow analysis, based on current market rates for debt with similar terms and remaining maturities. Long-term debt is classified within Level 2 in the fair value hierarchy.

Subordinated notes: The fair value of the subordinated notes are estimated by discounting the principal balance using the treasury yield curve for the term to the call date as the Corporation has the option to call the subordinated notes. The subordinated notes are classified within Level 2 in the fair value hierarchy.

Off-balance-sheet instruments: Fair values for the Corporation’s off-balance-sheet instruments are based on the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing and are classified within Level 2 in the fair value hierarchy.

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Segment Reporting

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

At March 31, 2019, the Corporation has three reportable business segments: Banking, Wealth Management and Insurance. The Corporation determines the segments based primarily upon product and service offerings, through the types of income generated and the regulatory environment. This is strategically how the Corporation operates and has positioned itself in the marketplace. Accordingly, significant operating decisions are based upon analysis of each of these segments. The parent holding company and intercompany eliminations are included in the "Other" segment.

The Corporation's Banking segment consists of commercial, consumer and mortgage banking as well as lease financing. The Wealth Management segment consists of investment advisory services, retirement plan services, trust, municipal pension services and broker/dealer services. The Insurance segment consists of commercial lines, personal lines, benefits and human resources consulting.

Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated below.

● The Banking segment provides financial services to individuals, businesses, municipalities and nonprofit organizations. These services include a full range of banking services such as deposit taking, loan origination and servicing, mortgage banking, other general banking services and equipment lease financing.

● The Wealth Management segment offers trust and investment advisory services, guardian and custodian of employee benefits and other trust and brokerage services, as well as a registered investment advisory managing private investment accounts for both individuals and institutions.

● The Insurance segment includes a full-service insurance brokerage agency offering commercial property and casualty insurance, group life and health coverage, employee benefit solutions, personal insurance lines and human resources consulting.

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2019		At December 31, 2018		At March 31, 2018
Banking	$	4,942,539	$	4,895,732	$	4,519,423
Wealth Management	40,910		39,090		36,848
Insurance	31,837		30,117		28,651
Other	20,241		19,408		29,037
Consolidated assets	$	5,035,527	$	4,984,347	$	4,613,959

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2019 and 2018.

	Three Months Ended
	March 31, 2019
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	52,346		$	10	$	—	$	8		$	52,364
Interest expense	9,580			—		—		1,261			10,841
Net interest income	42,766			10		—		(1,253		)	41,523
Provision for loan and lease losses	2,685			—		—		—			2,685
Noninterest income	4,971			5,720		5,353		253			16,297
Intangible expenses	233			105		88		—			426
Other noninterest expense	27,779			3,794		3,126		432			35,131
Intersegment (revenue) expense*	(299		)	166		133		—			—
Income (expense) before income taxes	17,339			1,665		2,006		(1,432		)	19,578
Income tax (benefit) expense	3,120			314		193		(128		)	3,499
Net income (loss)	$	14,219		$	1,351	$	1,813	$	(1,304	)	$	16,079
Capital expenditures	$	765		$	39	$	25	$	21		$	850

	Three Months Ended
	March 31, 2018
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	43,522		$	5	$	—	$	7		$	43,534
Interest expense	5,001			—		—		1,261			6,262
Net interest income	38,521			5		—		(1,254		)	37,272
Provision for loan and lease losses	2,053			—		—		—			2,053
Noninterest income	4,789			5,740		5,086		(33		)	15,582
Intangible expenses	329			142		141		—			612
Restructuring charges	571			—		—		—			571
Other noninterest expense	27,661			3,658		3,245		(622		)	33,942
Intersegment (revenue) expense*	(291		)	153		138		—			—
Income (expense) before income taxes	12,987			1,792		1,562		(665		)	15,676
Income tax expense (benefit)	1,998			545		456		(173		)	2,826
Net income (loss)	$	10,989		$	1,247	$	1,106	$	(492	)	$	12,850
Capital expenditures	$	970		$	49	$	7	$	55		$	1,081

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. These expenses are generally allocated based upon number of employees and square footage utilized.

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Leases Leases

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lessee Disclosure

Leases

In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)", and subsequent related updates, to revise the accounting for leases. The Corporation adopted this guidance effective January 1, 2019, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings at January 1, 2019. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

The Corporation and its subsidiaries are obligated under non-cancelable operating leases for premises for certain financial centers and other office locations The Corporation determines if an arrangement is a lease at inception by assessing whether a contract contains a right to control an identified asset for a period of time in exchange for consideration. Operating leases are included in operating lease right-of-use assets and operating lease liabilities in the consolidated balance sheet commencing at January 1, 2019. For purposes of calculating operating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that the Corporation will exercise that option and begins when the Corporation has control and possession of the leased property, which may be before rental payments are due under the lease. Right-of use assets and operating lease liabilities are recognized based on the present value of lease payments, discounted using the Corporation’s incremental borrowing rate, over the lease term at the commencement date. The Corporation determines its incremental borrowing rate using publicly available information available for debt issuers with similar credit ratings as the Bank, as the majority of the Corporation’s leases are related to properties of the Bank. The Corporation continues to separately account for lease and non-lease components (such as property taxes, insurance, and maintenance costs) as historically reported. Rent expense for the Corporation's leases, which generally have escalating rental payments over the term of the lease, is recognized on a straight-line basis over the lease term. Most leases include one or more options to renew, with renewal terms generally containing one or more five-year renewal options. At March 31, 2019, the Corporation's leases have remaining terms of 1 to 24 years. The Corporation does not currently have any leases with an initial term of 12 months or less, including reasonably certain renewal terms; any such future leases will be recorded on the balance sheet.

Information with respect to operating leases under FASB ASC 842 "Leases" follows:

	Three Months Ended March 31,
(Dollars in thousands)	2019
Lease cost	$	947
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	873
	At March 31, 2019
Weighted-average remaining lease term in years	15.4
Weighted-average discount rate	4.23		%

At March 31, 2019, maturities of lease liabilities under FASB ASC 842 "Leases" are as follows:

Maturity of Lease Liabilities	(Dollars in thousands)	Amount
Remainder of 2019		$	2,663
2020		3,632
2021		3,688
2022		3,660
2023		3,610
Thereafter		37,389
Total lease payments		54,642
Less: imputed interest		(15,540		)
Present value of lease liabilities		$	39,102

At December 31, 2018, a summary of the future minimum rental commitments under non-cancelable operating leases with original or remaining terms greater than one year under FASB ASC 840 "Leases" was as follows:

Year	(Dollars in thousands)	Amount
2019		$	3,536
2020		3,632
2021		3,688
2022		3,660
2023		3,610
Thereafter		37,389
Total		$	55,515

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Contingencies

3 Months Ended

Mar. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Contingencies Disclosure

Contingencies

The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Principles of Consolidation and Basis of Presentation

Principles of Consolidation and Basis of Presentation

The accompanying unaudited consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations for interim financial information. The accompanying unaudited consolidated financial statements reflect all adjustments which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current-year presentation. Operating results for the three-month period ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ended December 31, 2019 or for any other period. It is suggested that these unaudited consolidated financial statements be read in conjunction with the audited financial statements and the notes thereto included in the registrant’s Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the SEC on February 28, 2019.

Use of Estimates

Use of Estimates

The preparation of the unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include fair value measurement of investment securities available-for-sale and reserve for loan and lease losses.

Recent Accounting Pronouncements

Accounting Pronouncements Adopted in 2019

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, "Leases (Topic 842)" and subsequent related updates to revise the accounting for leases. Under the new guidance, lessees are required to recognize a lease liability and a right-of-use asset for all leases based on the present value of future lease payments using an estimated incremental borrowing rate. Lessor accounting activities are largely unchanged from existing lease accounting. Disclosures are required by lessees and lessors to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. This new guidance was effective for the first interim period within annual periods beginning after December 15, 2018, or January 1, 2019 for the Corporation.

The Corporation adopted this guidance, and subsequent related updates, on a modified retrospective basis through a cumulative-effect adjustment to retained earnings, representing the difference between the value of the Corporation’s lease liabilities and related right-of-use assets and the existing deferred rent liability, at January 1, 2019. The Corporation elected the package of practical expedients, which includes a provision which allows for the grandfathering of lease classification, among other items, and the hindsight practical expedient to determine the lease term. All leases in which the Corporation is the lessee were classified as operating leases and continue to be classified as such. On January 1, 2019, the Corporation recorded $39.6 million of operating lease liabilities and $36.6 million of related right-of-use assets and released $1.0 million of existing deferred rent liability. The resulting cumulative effect adjustment of $1.5 million, net of tax, was recorded to retained earnings at January 1, 2019. The initial and continued impact of the recording of operating lease assets had and will continue to have a negative impact on all Corporation and Bank regulatory capital ratios. Additionally, the Corporation early adopted (ASU) No. 2019-01, "Codification Improvements" , as of January 1, 2019, which serves as an an update to (ASU) No. 2016-02, and is effective for the first interim period within annual periods beginning after December 15, 2019, or January 1, 2020, for the Corporation. See Note 4, "Loans and Leases" and Note 14, "Leases" for applicable disclosures including quantitative and qualitative information about the Corporation’s leases.

In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities" and subsequent related updates. The amendments in this update expand and refine hedge accounting for both non-financial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The ASU amends the presentation and disclosure requirements and changes how entities assess effectiveness. The ASU eliminates the requirement to separately measure and report hedge ineffectiveness and requires all items that affect earnings be presented in the same income statement line as the hedged items. The amendments in this guidance permit the use of the Overnight Index Swap rate based on Secured Overnight Financing Rate (SOFR) as a U.S. benchmark interest rate for hedge accounting purposes to facilitate the LIBOR to SOFR transition. This guidance was effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years for public business entities, or January 1, 2019 for the Corporation. The amended presentation and disclosure guidance was required only prospectively. The Corporation adopted this guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings effective January 1, 2019. The Corporation recorded a cumulative-effect adjustment of $83 thousand related to ineffectiveness on a cash flow hedge, which was reclassified from retained earnings to accumulated other comprehensive income, effective January 1, 2019.

In March 2017, the FASB issued ASU No. 2017-08, “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date rather than the maturity of the security. Securities within the scope of this guidance are those that have explicit, non-contingent call features that are callable at fixed prices and on preset dates. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The guidance was effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, or January 1, 2019 for the Corporation. At December 31, 2018, the Corporation had $11.3 million of callable debt securities. The Corporation adopted this guidance on a modified retrospective basis through a cumulative-effect adjustment to retained earnings effective January 1, 2019. The Corporation recorded a cumulative-effect adjustment resulting in a reduction in the unamortized premium balance for certain callable debt securities of $49 thousand and a reduction in retained earnings of approximately $39 thousand, net of tax, for the incremental amortization.     

Recent Accounting Pronouncements Yet to Be Adopted

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” This ASU requires businesses and other organizations to measure the current expected credit losses (CECL) on financial assets, such as loans, net investments in leases, certain debt securities, bond insurance and other receivables. The amendments affect entities holding financial assets and net investments in leases that are not accounted for at fair value through net income. Current GAAP requires an incurred loss methodology for recognizing credit losses that delays recognition until it is probable a loss has been incurred. The amendments in this ASU replace the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonableness and supportable information to inform credit loss estimates. An entity should apply the amendments through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (modified-retrospective approach). Acquired credit impaired loans for which the guidance in Accounting Standards Codification (ASC) Topic 310-30 has been previously applied should prospectively apply the guidance in this ASU. A prospective transition approach is required for debt securities for which other-than-temporary impairment has been recognized before the effective date. The ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those years for public business entities that are SEC filers, or January 1, 2020 for the Corporation. The Corporation is in the process of evaluating the impact of the adoption of this guidance on the Corporation's financial statements; however, it is anticipated that the reserve for loan and lease losses will increase upon adoption of CECL and that the increased reserve level will decrease shareholders' equity and impact regulatory capital and ratios.

In August 2018, the FASB issued ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement." This ASU applies to all entities that are required, under existing GAAP, to make disclosures about recurring or nonrecurring fair value measurements. Disclosures removed by this ASU are the amount and reasons for transfers between Level 1 and Level 2, the policy for timing of transfers between levels and the valuation processes for Level 3 measurements. This ASU modifies disclosures relating to investments in certain entities that calculate net asset value. Additional disclosures required by this ASU include: 1) change in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and 2) range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The prospective method of transition is required for the new disclosure requirements. The other amendments should be applied retrospectively. This ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years or January 1, 2020 for the Corporation. Early adoption is permitted. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements but will result in revised disclosures for fair value.

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." This ASU eliminates Step 2 of the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the new guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Public business entities that are SEC filers should adopt the amendments in this ASU for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019, or for the Corporation's goodwill impairment test in 2020. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.

In August 2018, the FASB issued ASU No. 2018-14, "Compensation – Retirement Benefits – Defined Benefit Plans – General (Subtopic 715-20): Disclosure Framework – Changes to the Disclosure Requirements for Defined Benefit Plans." The amendments in this ASU modify the disclosure requirements for employers that sponsor defined benefit plans or other postretirement plans. Disclosures removed by this ASU include the following: 1) amounts in accumulated other comprehensive income expected to be recognized in net periodic benefit costs over the next fiscal year; 2) amount and timing of plan assets expected to be returned to the employer; and 3) the effects of a one percentage point change in assumed health care cost trend rates on the net periodic benefit costs and the benefit obligation for postretirement health care benefits. Additional disclosures required by this ASU include: 1) the weighted-average interest crediting rates used in an entity's cash balance pension plans and other similar plans and 2) explanations for reasons for significant changes in the benefit obligation or plan assets. All amendments should be applied retrospectively. This ASU is effective for fiscal years ending after December 15, 2020 or December 31, 2020 for the Corporation. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statement disclosures but will result in revised disclosures for retirement plans and other postretirement benefits.

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Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2019

Earnings Per Share, Basic and Diluted [Abstract]

Summary of Computation for Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended   March 31,
(Dollars and shares in thousands, except per share data)	2019			2018
Numerator:
Net income	$	16,079		$	12,850
Net income allocated to unvested restricted stock awards	(67		)	(97		)
Net income allocated to common shares	$	16,012		$	12,753
Denominator:
Weighted average shares outstanding	29,277			29,355
Average unvested restricted stock awards	(131		)	(215		)
Denominator for basic earnings per share—weighted-average shares outstanding	29,146			29,140
Effect of dilutive securities—employee stock options and restricted stock units	59			94
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,205			29,234
Basic earnings per share	$	0.55		$	0.44
Diluted earnings per share	$	0.55		$	0.44
Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share	348			217

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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Amortized cost and estimated fair value of held to maturity securities and available for sale securities by contractual maturity

The following table shows the amortized cost and the estimated fair value of the held-to-maturity securities and available-for-sale securities at March 31, 2019 and December 31, 2018, by contractual maturity within each type:

	At March 31, 2019									At December 31, 2018
(Dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Securities Held-to-Maturity
U.S. government corporations and agencies:
After 1 year to 5 years	$	6,997	$	—	$	(46	)	$	6,951	$	6,996	$	—	$	(104	)	$	6,892
	6,997		—		(46		)	6,951		6,996		—		(104		)	6,892
Residential mortgage-backed securities:
After 5 years to 10 years	11,005		23		(54		)	10,974		11,573		—		(135		)	11,438
Over 10 years	130,468		852		(285		)	131,035		124,065		287		(1,107		)	123,245
	141,473		875		(339		)	142,009		135,638		287		(1,242		)	134,683
Total	$	148,470	$	875	$	(385	)	$	148,960	$	142,634	$	287	$	(1,346	)	$	141,575
Securities Available-for-Sale
U.S. government corporations and agencies:
Within 1 year	$	10,067	$	—	$	(41	)	$	10,026	$	15,108	$	—	$	(90	)	$	15,018
After 1 year to 5 years	302		—		(5		)	297		303		—		(6		)	297
	10,369		—		(46		)	10,323		15,411		—		(96		)	15,315
State and political subdivisions:
Within 1 year	3,483		6		—			3,489		5,900		4		(6		)	5,898
After 1 year to 5 years	17,439		83		(1		)	17,521		15,459		36		(56		)	15,439
After 5 years to 10 years	40,506		458		—			40,964		43,923		318		(163		)	44,078
	61,428		547		(1		)	61,974		65,282		358		(225		)	65,415
Residential mortgage-backed securities:
After 1 year to 5 years	6,204		11		(75		)	6,140		5,799		3		(70		)	5,732
After 5 years to 10 years	46,409		14		(711		)	45,712		49,904		6		(1,381		)	48,529
Over 10 years	97,524		52		(1,663		)	95,913		100,873		26		(3,398		)	97,501
	150,137		77		(2,449		)	147,765		156,576		35		(4,849		)	151,762
Collateralized mortgage obligations:
After 5 years to 10 years	1,589		—		(60		)	1,529		1,677		—		(78		)	1,599
Over 10 years	1,260		—		(3		)	1,257		1,305		—		(16		)	1,289
	2,849		—		(63		)	2,786		2,982		—		(94		)	2,888
Corporate bonds:
Within 1 year	8,299		—		(42		)	8,257		7,806		—		(68		)	7,738
After 1 year to 5 years	16,512		7		(104		)	16,415		18,508		1		(332		)	18,177
After 5 years to 10 years	15,139		—		(289		)	14,850		16,146		—		(392		)	15,754
Over 10 years	60,000		—		(6,722		)	53,278		60,000		—		(8,542		)	51,458
	99,950		7		(7,157		)	92,800		102,460		1		(9,334		)	93,127
Total	$	324,733	$	631	$	(9,716	)	$	315,648	$	342,711	$	394	$	(14,598	)	$	328,507

Information Related to Sales of Securities Available-for-Sale

The following table presents information related to sales of securities available-for-sale during the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Securities available-for-sale:
Proceeds from sales	$	491	$	1,010
Gross realized gains on sales	1		10
Tax expense related to net realized gains on sales	—		2

Amount of Securities in Unrealized Loss Position

The following table shows the fair value of securities that were in an unrealized loss position at March 31, 2019 and December 31, 2018 by the length of time those securities were in a continuous loss position. For the investment securities in an unrealized loss position, the Corporation has concluded, based on its analysis, that the unrealized losses are primarily caused by the movement of interest rates and current market conditions and are not other-than temporary impairment of the securities. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than the par value of the investment. It is more likely than not that the Corporation will not be required to sell the investments before a recovery of carrying value.

	Less than Twelve Months					Twelve Months or Longer					Total
(Dollars in thousands)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
At March 31, 2019
Securities Held-to-Maturity
U.S. government corporations and agencies	$	—	$	—		$	6,951	$	(46	)	$	6,951	$	(46	)
Residential mortgage-backed securities	8,054		(2		)	40,353		(337		)	48,407		(339		)
Total	$	8,054	$	(2	)	$	47,304	$	(383	)	$	55,358	$	(385	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	—	$	—		$	10,323	$	(46	)	$	10,323	$	(46	)
State and political subdivisions	1,045		—			1,018		(1		)	2,063		(1		)
Residential mortgage-backed securities	—		—			141,650		(2,449		)	141,650		(2,449		)
Collateralized mortgage obligations	—		—			2,786		(63		)	2,786		(63		)
Corporate bonds	1,489		(10		)	88,304		(7,147		)	89,793		(7,157		)
Total	$	2,534	$	(10	)	$	244,081	$	(9,706	)	$	246,615	$	(9,716	)
At December 31, 2018
Securities Held-to-Maturity
U.S. government corporations and agencies	$	—	$	—		$	6,892	$	(104	)	$	6,892	$	(104	)
Residential mortgage-backed securities	48,192		(472		)	34,501		(770		)	82,693		(1,242		)
Total	$	48,192	$	(472	)	$	41,393	$	(874	)	$	89,585	$	(1,346	)
Securities Available-for-Sale
U.S. government corporations and agencies	$	—	$	—		$	15,315	$	(96	)	$	15,315	$	(96	)
State and political subdivisions	9,311		(61		)	15,302		(164		)	24,613		(225		)
Residential mortgage-backed securities	7,099		(106		)	141,924		(4,743		)	149,023		(4,849		)
Collateralized mortgage obligations	1,289		(16		)	1,599		(78		)	2,888		(94		)
Corporate bonds	16,896		(235		)	75,730		(9,099		)	92,626		(9,334		)
Total	$	34,595	$	(418	)	$	249,870	$	(14,180	)	$	284,465	$	(14,598	)

XML

Loans and Leases (Tables)

3 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Summary of Major Loan and Lease Categories

	At March 31, 2019
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	910,493		$	17,145	$	927,638
Real estate-commercial	1,576,250			222,955		1,799,205
Real estate-construction	216,964			—		216,964
Real estate-residential secured for business purpose	304,574			56,348		360,922
Real estate-residential secured for personal purpose	361,488			47,652		409,140
Real estate-home equity secured for personal purpose	172,587			8,311		180,898
Loans to individuals	32,462			141		32,603
Lease financings	140,509			—		140,509
Total loans and leases held for investment, net of deferred income	$	3,715,327		$	352,552	$	4,067,879
Imputed interest on lease financings, included in the above table	$	(15,082	)	$	—	$	(15,082	)
Net deferred costs, included in the above table	4,426			—		4,426
Overdraft deposits included in the above table	208			—		208

	At December 31, 2018
(Dollars in thousands)	Originated			Acquired		Total
Commercial, financial and agricultural	$	913,166		$	24,519	$	937,685
Real estate-commercial	1,507,579			233,625		1,741,204
Real estate-construction	215,513			—		215,513
Real estate-residential secured for business purpose	302,393			60,403		362,796
Real estate-residential secured for personal purpose	338,451			49,959		388,410
Real estate-home equity secured for personal purpose	177,523			8,728		186,251
Loans to individuals	32,617			142		32,759
Lease financings	141,956			—		141,956
Total loans and leases held for investment, net of deferred income	$	3,629,198		$	377,376	$	4,006,574
Imputed interest on lease financings, included in the above table	$	(15,118	)	$	—	$	(15,118	)
Net deferred costs, included in the above table	3,930			—		3,930
Overdraft deposits included in the above table	139			—		139

Schedule of Impaired Loans

The outstanding principal balance and carrying amount for acquired credit impaired loans at March 31, 2019 and December 31, 2018 were as follows:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018
Outstanding principal balance	$	871	$	893
Carrying amount	693		695
Reserve for loan losses	—		—

The following table presents the changes in accretable yield on acquired credit impaired loans:

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Beginning of period	$	—		$	11
Reclassification from nonaccretable discount	142			81
Accretable yield amortized to interest income	(142		)	(87		)
End of period	$	—		$	5

The following presents, by class of loans, the recorded investment and unpaid principal balance of impaired loans, the amounts of the impaired loans for which there is not a reserve for credit losses and the amounts for which there is a reserve for credit losses at March 31, 2019 and December 31, 2018. The impaired loans exclude acquired credit impaired loans.

	At March 31, 2019						At December 31, 2018
(Dollars in thousands)	Recorded Investment		Unpaid Principal Balance		Related Reserve		Recorded Investment		Unpaid Principal Balance		Related Reserve
Impaired loans with no related reserve recorded:
Commercial, financial and agricultural	$	2,581	$	3,195			$	2,776	$	3,361
Real estate—commercial real estate	5,600		6,569				6,578		7,516
Real estate—construction	106		111				106		111
Real estate—residential secured for business purpose	1,232		1,417				1,478		1,660
Real estate—residential secured for personal purpose	911		975				863		911
Real estate—home equity secured for personal purpose	1,418		1,469				1,373		1,404
Total impaired loans with no related reserve recorded	$	11,848	$	13,736			$	13,174	$	14,963
Impaired loans with a reserve recorded:
Commercial, financial and agricultural	$	593	$	939	$	243	$	971	$	1,024	$	413
Real estate—commercial real estate	12,761		13,423		925		11,637		12,162		675
Real estate—residential secured for personal purpose	725		725		260		724		724		252
Real estate—home equity secured for personal purpose	75		75		75		75		75		75
Total impaired loans with a reserve recorded	$	14,154	$	15,162	$	1,503	$	13,407	$	13,985	$	1,415

Total impaired loans:
Commercial, financial and agricultural	$	3,174	$	4,134	$	243	$	3,747	$	4,385	$	413
Real estate—commercial real estate	18,361		19,992		925		18,215		19,678		675
Real estate—construction	106		111		—		106		111		—
Real estate—residential secured for business purpose	1,232		1,417		—		1,478		1,660		—
Real estate—residential secured for personal purpose	1,636		1,700		260		1,587		1,635		252
Real estate—home equity secured for personal purpose	1,493		1,544		75		1,448		1,479		75
Total impaired loans	$	26,002	$	28,898	$	1,503	$	26,581	$	28,948	$	1,415

Impaired loans include nonaccrual loans and accruing troubled debt restructured loans for which it is probable that not all principal and interest payments due will be collectible in accordance with the original contractual terms. These loans are individually measured to determine the amount of potential impairment. The loans are reviewed for impairment based on the fair value of the collateral for collateral dependent loans and for certain loans based on discounted cash flows using the loans’ initial effective interest rates.

Schedule of Age Analysis of Past Due Loans and Leases

The following presents, by class of loans and leases, an aging of past due loans and leases, loans and leases which are current and the recorded investment in loans and leases 90 days or more past due which are accruing interest at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		90 Days or more Past Due		Total Past Due		Current		Acquired Credit Impaired		Total Loans and Leases Held for Investment		Recorded Investment 90 Days or more Past Due and Accruing Interest
At March 31, 2019
Commercial, financial and agricultural	$	1,661	$	210	$	1,952	$	3,823	$	923,815	$	—	$	927,638	$	—
Real estate—commercial real estate and construction:
Commercial real estate	2,133		647		5,518		8,298		1,790,701		206		1,799,205		—
Construction	341		—		106		447		216,517		—		216,964		—
Real estate—residential and home equity:
Residential secured for business purpose	1,521		515		1,138		3,174		357,323		425		360,922		—
Residential secured for personal purpose	3,346		—		1,811		5,157		403,921		62		409,140		325
Home equity secured for personal purpose	304		90		1,389		1,783		179,115		—		180,898		—
Loans to individuals	173		94		54		321		32,282		—		32,603		54
Lease financings	723		438		477		1,638		138,871		—		140,509		257
Total	$	10,202	$	1,994	$	12,445	$	24,641	$	4,042,545	$	693	$	4,067,879	$	636
At December 31, 2018
Commercial, financial and agricultural	$	1,043	$	270	$	2,228	$	3,541	$	934,144	$	—	$	937,685	$	—
Real estate—commercial real estate and construction:
Commercial real estate	5,425		1,538		1,599		8,562		1,732,436		206		1,741,204		—
Construction	2,163		106		—		2,269		213,244		—		215,513		—
Real estate—residential and home equity:
Residential secured for business purpose	2,497		777		1,164		4,438		357,932		426		362,796		—
Residential secured for personal purpose	2,334		—		1,586		3,920		384,427		63		388,410		—
Home equity secured for personal purpose	305		96		1,341		1,742		184,509		—		186,251		—
Loans to individuals	207		29		55		291		32,468		—		32,759		55
Lease financings	2,460		411		307		3,178		138,778		—		141,956		137
Total	$	16,434	$	3,227	$	8,280	$	27,941	$	3,977,938	$	695	$	4,006,574	$	192

Schedule of Nonperforming Loans and Leases

The following presents, by class of loans and leases, nonperforming loans and leases at March 31, 2019 and December 31, 2018. Nonperforming loans exclude acquired credit impaired loans from Fox Chase and Valley Green.

	At March 31, 2019								At December 31, 2018
(Dollars in thousands)	Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases		Nonaccrual Loans and Leases*		Accruing Troubled Debt Restructured Loans and Lease Modifications		Loans and Leases 90 Days or more Past Due and Accruing Interest		Total Nonperforming Loans and Leases
Commercial, financial and agricultural	$	2,904	$	270	$	—	$	3,174	$	3,365	$	382	$	—	$	3,747
Real estate—commercial real estate and construction:
Commercial real estate	18,361		—		—		18,361		18,214		—		—		18,214
Construction	106		—		—		106		106		—		—		106
Real estate—residential and home equity:
Residential secured for business purpose	1,232		—		—		1,232		1,318		160		—		1,478
Residential secured for personal purpose	1,636		—		325		1,961		1,587		—		—		1,587
Home equity secured for personal purpose	1,493		—		—		1,493		1,448		—		—		1,448
Loans to individuals	—		—		54		54		—		—		55		55
Lease financings	220		—		257		477		170		—		137		307
Total	$	25,952	$	270	$	636	$	26,858	$	26,208	$	542	$	192	$	26,942

* Includes nonaccrual troubled debt restructured loans of $3.2 million and $1.3 million at March 31, 2019 and December 31, 2018, respectively.

Summary of Credit Quality Indicators

The following table presents classifications for originated loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Total
At March 31, 2019
Performing	$	360,486	$	172,143	$	32,408	$	140,032	$	705,069
Nonperforming	1,002		444		54		477		1,977
Total	$	361,488	$	172,587	$	32,462	$	140,509	$	707,046
At December 31, 2018
Performing	$	337,762	$	177,139	$	32,562	$	141,649	$	689,112
Nonperforming	689		384		55		307		1,435
Total	$	338,451	$	177,523	$	32,617	$	141,956	$	690,547

The following table presents classifications for acquired loans:

(Dollars in thousands)	Real Estate— Residential Secured for Personal Purpose		Real Estate— Home Equity Secured for Personal Purpose		Loans to Individuals		Lease Financings		Total
At March 31, 2019
Performing	$	46,693	$	7,262	$	141	$	—	$	54,096
Nonperforming	959		1,049		—		—		2,008
Total	$	47,652	$	8,311	$	141	$	—	$	56,104
At December 31, 2018
Performing	$	49,061	$	7,664	$	142	$	—	$	56,867
Nonperforming	898		1,064		—		—		1,962
Total	$	49,959	$	8,728	$	142	$	—	$	58,829

The following tables present by class, the recorded investment in loans and leases held for investment by credit quality indicator at March 31, 2019 and December 31, 2018.

The Corporation employs a risk rating system related to the credit quality of commercial loans and residential real estate loans secured for a business purpose. The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. Loans with a relationship balance of less than $1 million are reviewed on a performance basis, with the primary monitored metrics being delinquency (60 days or more past due). Loans with relationships greater than $1 million are reviewed at least annually.  Loan relationships exceeding $15 million or classified as special mention or substandard are reviewed at least quarterly, or more frequently based on management’s discretion. 

1. Pass—Loans considered satisfactory with no indications of deterioration

2. Special Mention—Potential weakness that deserves management's close attention

3. Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt

4. Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable

Commercial Credit Exposure Credit Risk by Internally Assigned Grades

The following table presents classifications for originated loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2019
Grade:
1. Pass	$	871,541	$	1,528,969	$	216,858	$	300,736	$	2,918,104
2. Special Mention	16,680		26,608		—		755		44,043
3. Substandard	22,272		20,673		106		3,083		46,134
4. Doubtful	—		—		—		—		—
Total	$	910,493	$	1,576,250	$	216,964	$	304,574	$	3,008,281
At December 31, 2018
Grade:
1. Pass	$	882,736	$	1,455,234	$	215,407	$	298,356	$	2,851,733
2. Special Mention	23,287		31,791		—		721		55,799
3. Substandard	7,143		20,554		106		3,316		31,119
4. Doubtful	—		—		—		—		—
Total	$	913,166	$	1,507,579	$	215,513	$	302,393	$	2,938,651

The following table presents classifications for acquired loans:

(Dollars in thousands)	Commercial, Financial and Agricultural		Real Estate— Commercial		Real Estate— Construction		Real Estate— Residential Secured for Business Purpose		Total
At March 31, 2019
Grade:
1. Pass	$	17,145	$	210,240	$	—	$	55,598	$	282,983
2. Special Mention	—		—		—		—		—
3. Substandard	—		12,715		—		750		13,465
4. Doubtful	—		—		—		—		—
Total	$	17,145	$	222,955	$	—	$	56,348	$	296,448
December 31, 2018
Grade:
1. Pass	$	24,450	$	220,911	$	—	$	59,567	$	304,928
2. Special Mention	—		—		—		—		—
3. Substandard	69		12,714		—		836		13,619
4. Doubtful	—		—		—		—		—
Total	$	24,519	$	233,625	$	—	$	60,403	$	318,547

Summary of Activity in the Reserve for Loan and Lease Losses

The following presents, by portfolio segment, a summary of the activity in the reserve for loan and lease losses for the three months ended March 31, 2019 and 2018:

(Dollars in thousands)	Commercial, Financial and Agricultural			Real Estate— Commercial and Construction			Real Estate— Residential Secured for Business Purpose			Real Estate— Residential and Home Equity Secured for Personal Purpose			Loans to Individuals			Lease Financings			Unallocated			Total
Three Months Ended March 31, 2019
Reserve for loan and lease losses:
Beginning balance	$	7,983		$	13,903		$	2,236		$	3,199		$	484		$	1,288		$	271		$	29,364
Charge-offs	(468		)	(41		)	—			(11		)	(85		)	(104		)	N/A			(709		)
Recoveries	82			91			4			5			22			58			N/A			262
Provision (recovery of provision)	1,353			1,028			62			185			48			33			(25		)	2,684
Provision for acquired credit impaired loans	—			—			—			1			—			—			—			1
Ending balance	$	8,950		$	14,981		$	2,302		$	3,379		$	469		$	1,275		$	246		$	31,602
Three Months Ended March 31, 2018
Reserve for loan and lease losses:
Beginning balance	$	6,742		$	9,839		$	1,661		$	1,754		$	373		$	1,132		$	54		$	21,555
Charge-offs	(601		)	(40		)	—			—			(92		)	(136		)	N/A			(869		)
Recoveries	226			73			251			57			30			34			N/A			671
Provision (recovery of provision)	575			1,306			(41		)	96			61			49			6			2,052
Provision for acquired credit impaired loans	—			—			—			1			—			—			—			1
Ending balance	$	6,942		$	11,178		$	1,871		$	1,908		$	372		$	1,079		$	60		$	23,410

N/A – Not applicable

Summary of Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans

The following presents by class of loans, the average recorded investment in impaired loans and an analysis of interest on impaired loans. A loan may remain on accrual status if it is an accruing troubled debt restructured loan or if it is in the process of collection and is either guaranteed or well secured. Therefore, interest income on accruing impaired loans is recognized using the accrual method. 

	Three Months Ended March 31, 2019						Three Months Ended March 31, 2018
(Dollars in thousands)	Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms		Average Recorded Investment		Interest Income Recognized*		Additional Interest Income That Would Have Been Recognized Under Original Terms
Commercial, financial and agricultural	$	3,650	$	5	$	54	$	7,703	$	40	$	77
Real estate—commercial real estate	18,245		3		254		19,916		172		287
Real estate—construction	106		—		1		183		—		2
Real estate—residential secured for business purpose	1,277		—		20		2,217		5		24
Real estate—residential secured for personal purpose	1,619		—		25		544		1		11
Real estate—home equity secured for personal purpose	1,426		—		23		549		—		8
Total	$	26,323	$	8	$	377	$	31,112	$	218	$	409

* Includes interest income recognized on a cash basis for nonaccrual loans of $3 thousandand$6 thousand for the three months ended March 31, 2019 and 2018, respectively, and interest income recognized on the accrual method for accruing impaired loans of $5 thousand and $212 thousand for the three months ended March 31, 2019 and 2018, respectively.

Schedule of Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding consumer mortgages collateralized by residential real estate property that are in the process of foreclosure at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	At March 31, 2019		At December 31, 2018
Real estate-residential secured for personal purpose	$	563	$	563
Real estate-home equity secured for personal purpose	1,134		1,134
Total	$	1,697	$	1,697

The Corporation held no foreclosed residential real estate property at March 31, 2019 and December 31, 2018.

The following presents, by class of loans, information regarding accruing and nonaccrual loans that were restructured:

	Three Months Ended March 31, 2019							Three Months Ended March 31, 2018
(Dollars in thousands)	Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve		Number of Loans	Pre- Restructuring Outstanding Recorded Investment		Post- Restructuring Outstanding Recorded Investment		Related Reserve
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	$	—	$	—	—	$	—	$	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural*	2	$	956	$	956	$	—	—	$	—	$	—	$	—
Real estate—commercial real estate*	1	1,313		1,313		—		—	—		—		—
Total	3	$	2,269	$	2,269	$	—	—	$	—	$	—	$	—

* The three loans in the above table were modified via the execution of a forbearance agreement. These loans relate to one borrower and were on nonaccrual status at the time of modification.

Schedule of Accruing and Nonaccruing Troubled Debt Restructured Loans

The following presents, by class of loans, information regarding accruing and nonaccrual troubled debt restructured loans, for which there were payment defaults within twelve months of the restructuring date:

	Three Months Ended March 31,
	2019			2018
(Dollars in thousands)	Number of Loans	Recorded Investment		Number of Loans	Recorded Investment
Accruing Troubled Debt Restructured Loans:
Total	—	$	—	—	$	—
Nonaccrual Troubled Debt Restructured Loans:
Commercial, financial and agricultural	—	$	—	1	$	953
Total	—	$	—	1	$	953

Lease Payments Receivables

The following presents the schedule of minimum lease payments receivable:

(Dollars in thousands)	At March 31, 2019			At December 31, 2018
2019 (excluding the three months ended March 31, 2019)	$	42,206		$	55,201
2020	46,128			43,355
2021	32,719			29,678
2022	20,447			17,687
2023	8,895			6,674
Thereafter	2,647			1,975
Total future minimum lease payments receivable	153,042			154,570
Plus: Unguaranteed residual	672			600
Plus: Initial direct costs	1,877			1,904
Less: Imputed interest	(15,082		)	(15,118		)
Lease financings	$	140,509		$	141,956

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of the Corporation's goodwill by business segment for the three months ended March 31, 2019 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2018	$	138,476	$	15,434	$	18,649	$	172,559
Addition to goodwill from acquisitions	—		—		—		—
Balance at March 31, 2019	$	138,476	$	15,434	$	18,649	$	172,559

Components of Intangible Assets

The following table reflects the components of intangible assets at the dates indicated:

	At March 31, 2019						At December 31, 2018
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Covenants not to compete	$	—	$	—	$	—	$	710	$	710	$	—
Core deposit intangibles	6,788		3,376		3,412		6,788		3,143		3,645
Customer related intangibles	8,819		7,426		1,393		12,381		10,804		1,577
Servicing rights	17,639		10,914		6,725		17,314		10,546		6,768
Total amortized intangible assets	$	33,246	$	21,716	$	11,530	$	37,193	$	25,203	$	11,990

Estimated Aggregate Amortization Expense

The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2019 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	1,148
2020		1,200
2021		923
2022		666
2023		409
Thereafter		459

The estimated amortization expense of servicing rights for the remainder of 2019 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	1,017
2020		883
2021		759
2022		650
2023		555
Thereafter		2,861

Changes in Mortgage Servicing Rights

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended March 31,
(Dollars in thousands)	2019			2018
Beginning of period	$	6,768		$	6,573
Servicing rights capitalized	266			337
Amortization of servicing rights	(309		)	(305		)
End of period	$	6,725		$	6,605
Residential mortgage and SBA loans serviced for others	$	1,037,948		$	1,012,677

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Deposits (Tables)

3 Months Ended

Mar. 31, 2019

Banking and Thrift [Abstract]

Schedule Of Maturities Of Time Deposits [Table Text Block]

Deposits and their respective weighted average interest rate at March 31, 2019 and December 31, 2018 consist of the following:

	At March 31, 2019				At December 31, 2018
	Weighted Average Interest Rate		Amount		Weighted Average Interest Rate		Amount
	(Dollars in thousands)
Noninterest-bearing deposits	—	%	$	1,103,674	—	%	$	1,055,919
Demand deposits	1.17		1,441,540		1.01		1,377,171
Savings deposits	0.45		819,255		0.33		782,766
Time deposits	1.86		638,684		1.76		670,077
Total	0.81	%	$	4,003,153	0.73	%	$	3,885,933

Schedule of Components of Weighted Average Interest Rate and Balance of Deposits [Table Text Block]

At March 31, 2019, the scheduled maturities of time deposits are as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2019		$	285,656
2020		167,034
2021		66,896
2022		37,394
2023		72,105
Thereafter		9,599
Total		$	638,684

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Borrowings (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Summary of Borrowings by Type

The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less. The long-term debt balances and weighted average interest rates include purchase accounting fair value adjustments, net of related amortization, from the Fox Chase acquisition.

	At March 31, 2019				At December 31, 2018
(Dollars in thousands)	Balance at End of Period		Weighted Average Interest Rate at End of Period		Balance at End of Period		Weighted Average Interest Rate at End of Period
Short-term borrowings:
FHLB borrowings	$	—	—	%	$	108,300	2.62	%
Federal funds purchased	55,000		2.55		60,000		2.60
Customer repurchase agreements	18,185		0.05		21,468		0.05
Long-term debt:
FHLB advances	$	125,000	1.92	%	$	125,000	1.92	%
Security repurchase agreements	20,263		2.83		20,330		2.71
Subordinated notes	$	94,635	5.33	%	$	94,574	5.33	%

Schedule of Maturities of Long-term FHLB Advances

Long-term advances with the FHLB of Pittsburgh mature as follows:

(Dollars in thousands)	As of March 31, 2019		Weighted Average Rate
Remainder of 2019	$	10,000	1.35	%
2020	40,000		1.70
2021	55,000		1.94
2022	10,000		2.09
2023	10,000		3.02
Thereafter	—		—
Total	$	125,000	1.92	%

Schedule of Maturities of Other Long-term Borrowings

Long-term debt under security repurchase agreements with large commercial banks mature as follows:

(Dollars in thousands)	As of March 31, 2019		Weighted Average Rate
Remainder of 2019	$	10,076	2.83	%
2020	10,187		2.82
2021	—		—
2022	—		—
2023	—		—
Thereafter	—		—
Total	$	20,263	2.83	%

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Retirement Plans and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2019

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost (Income)

Components of net periodic benefit cost (income) were as follows:

	Three Months Ended March 31,
	2019			2018			2019		2018
(Dollars in thousands)	Retirement Plans						Other Post Retirement Benefits
Service cost	$	109		$	140		$	17	$	22
Interest cost	476			441			23		23
Expected return on plan assets	(771		)	(796		)	—		—
Amortization of net actuarial loss	294			280			—		1
Accretion of prior service cost	(45		)	(71		)	—		—
Net periodic benefit cost (income)	$	63		$	(6	)	$	40	$	46

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Stock-Based Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Status of Options Granted Under Long-Term Incentive Plan

The following is a summary of the Corporation's stock option activity and related information for the three months ended March 31, 2019:

(Dollars in thousands, except per share data)	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value at March 31, 2019
Outstanding at December 31, 2018	597,405		$	23.98
Expired	(7,756	)	22.99
Forfeited	(6,500	)	25.53
Exercised	(30,500	)	17.06
Outstanding at March 31, 2019	552,649		24.36		7.2	$	1,321
Exercisable at March 31, 2019	384,220		22.65		6.6	1,312

Summary of Nonvested Stock Options

The following is a summary of nonvested stock options at March 31, 2019 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Options		Weighted Average Grant Date Fair Value
Nonvested stock options at December 31, 2018	344,230		$	6.48
Vested	(169,301	)	6.44
Forfeited	(6,500	)	6.40
Nonvested stock options at March 31, 2019	168,429		6.52

Aggregated Assumptions Used to Estimate Fair Value of Options Granted

The following aggregated assumptions were used to estimate the fair value of options granted during the three months ended March 31,2018. The Corporation did not issue stock options during the three months ended March 31, 2019.

	Three Months Ended March 31,
	2018
	Actual
Expected option life in years	6.6
Risk free interest rate	2.80	%
Expected dividend yield	2.81	%
Expected volatility	27.15	%
Fair value of options	$6.46

Summary of Nonvested Restricted Stock Awards

The following is a summary of nonvested restricted stock awards and nonvested restricted stock units at March 31, 2019 including changes during the three months then ended:

(Dollars in thousands, except per share data)	Nonvested Stock Awards and Units		Weighted Average Grant Date Fair Value
Nonvested stock awards at December 31, 2018	157,579		$	25.33
Granted	113,729		25.66
Vested	(32,965	)	21.86
Cancelled	(17,349	)	19.68
Nonvested stock awards and units at March 31, 2019	220,994		26.46

Certain Information Regarding Restricted Stock

The fair value of restricted stock awards and units is equivalent to the fair value of the Corporation's stock on the date of grant and is amortized over the vesting period. Certain information regarding restricted stock awards and units is summarized below for the periods indicated:

	Three Months Ended March 31,
(Dollars in thousands, except per share data)	2019		2018
Restricted stock awards and units granted	113,729		59,953
Weighted average grant date fair value	$	25.66	$	28.39
Intrinsic value of awards vested	$	809	$	1,193

Schedule of Unrecognized Compensation Cost, Nonvested Awards

The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested stock options and nonvested restricted stock awards and units at March 31, 2019 is presented below:

(Dollars in thousands)	Unrecognized Compensation Cost		Weighted-Average Period Remaining (Years)
Stock options	$	965	1.6
Restricted stock awards and units	4,148		2.4
	$	5,113	2.3

Compensation Expense Related to Stock Incentive Plans Recognized

The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:

	Three Months Ended March 31,
(Dollars in thousands)	2019		2018
Stock-based compensation expense:
Stock options	$	216	$	228
Restricted stock awards and units	361		619
Employee stock purchase plan	17		15
Total	$	594	$	862
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	$	165	$	243

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Accumulated Other Comprehensive (Loss) Income (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes

The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:

(Dollars in thousands)	Net Unrealized (Losses) Gains on Available-for-Sale Investment Securities			Net Change Related to Derivatives Used for Cash Flow Hedges			Net Change Related to Defined Benefit Pension Plans			Accumulated Other Comprehensive (Loss) Income
Balance, December 31, 2018	$	(11,221	)	$	81		$	(17,276	)	$	(28,416	)
Adjustment to initially apply ASU No. 2017-12 for derivatives (1)	—			83			—			83
Other comprehensive income (loss)	4,044			(145		)	196			4,095
Balance, March 31, 2019	$	(7,177	)	$	19		$	(17,080	)	$	(24,238	)
Balance, December 31, 2017	$	(4,061	)	$	9		$	(13,719	)	$	(17,771	)
Adjustment to initially apply ASU No. 2016-01 for equity securities measured at fair value	(433		)	—			—			(433		)
Adjustment to initially apply ASU No. 2018-02 for reclassification of stranded net tax charges	(968		)	2			(2,955		)	(3,921		)
Other comprehensive (loss) income	(5,015		)	183			166			(4,666		)
Balance, March 31, 2018	$	(10,477	)	$	194		$	(16,508	)	$	(26,791	)

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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts and Fair Value of Derivatives Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2019 and December 31, 2018. The Corporation pledges cash or securities to cover the negative fair value of derivative instruments. Cash collateral associated with derivative instruments are not added to or netted against the fair value amounts.

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2019
Interest rate swap - cash flow hedge	$	16,881	Other assets	$	24		$	—
Interest rate swap - fair value hedge	1,335			—		Other liabilities	4
Total	$	18,216		$	24		$	4
At December 31, 2018
Interest rate swap - cash flow hedge	$	17,076	Other assets	$	185		$	—
Interest rate swap - fair value hedge	1,346		Other assets	4			—
Total	$	18,422		$	189		$	—

Notional Amounts and Fair Values of Derivatives Not Designated as Hedging Instruments

The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the consolidated balance sheets at March 31, 2019 and December 31, 2018:

			Derivative Assets			Derivative Liabilities
(Dollars in thousands)	Notional Amount		Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
At March 31, 2019
Interest rate swap	$	390		$	—	Other liabilities	$	19
Credit derivatives	150,118			—		Other liabilities	79
Interest rate locks with customers	21,904		Other assets	455			—
Forward loan sale commitments	22,814			—		Other liabilities	121
Total	$	195,226		$	455		$	219
At December 31, 2018
Interest rate swap	$	418		$	—	Other liabilities	$	20
Credit derivatives	122,410			—		Other liabilities	72
Interest rate locks with customers	21,494		Other assets	490			—
Forward loan sale commitments	23,227			—		Other liabilities	150
Total	$	167,549		$	490		$	242

Income for Derivatives Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2019			2018
Interest rate swap—cash flow hedge—net interest payments	Interest expense	$	(16	)	$	20
Interest rate swap—fair value hedge—effectiveness	Interest income	1			—
Total net gain (loss)		$	17		$	(20	)

Income for Derivatives Not Designated as Hedging Instruments

The following table presents amounts included in the consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:

	Statement of Income Classification	Three Months Ended   March 31,
(Dollars in thousands)		2019			2018
Credit derivatives	Other noninterest income	$	264		$	4
Interest rate locks with customers	Net loss on mortgage banking activities	(35		)	(132		)
Forward loan sale commitments	Net gain (loss) on mortgage banking activities	29			(49		)
Total net gain (loss)		$	258		$	(177	)

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at March 31, 2019 and December 31, 2018:

(Dollars in thousands)	Accumulated Other Comprehensive Income	At March 31, 2019		At December 31, 2018
Interest rate swap—cash flow hedge	Fair value, net of taxes	$	19	$	80
Total		$	19	$	80

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Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the assets and liabilities measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018, classified using the fair value hierarchy:

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	10,323	$	—	$	10,323
State and political subdivisions	—		61,974		—		61,974
Residential mortgage-backed securities	—		147,765		—		147,765
Collateralized mortgage obligations	—		2,786		—		2,786
Corporate bonds	—		66,161		26,639		92,800
Total available-for-sale securities	—		289,009		26,639		315,648
Equity securities:
Equity securities - financial services industry	927		—		—		927
Money market mutual funds	1,838		—		—		1,838
Total equity securities	2,765		—		—		2,765
Loans*	—		—		1,748		1,748
Interest rate swaps*	—		24		—		24
Interest rate locks with customers*	—		455		—		455
Total assets	$	2,765	$	289,488	$	28,387	$	320,640
Liabilities:
Contingent consideration liability	$	—	$	—	$	235	$	235
Interest rate swaps*	—		23		—		23
Credit derivatives*	—		—		79		79
Forward loan sale commitments*	—		121		—		121
Total liabilities	$	—	$	144	$	314	$	458

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets/ Liabilities at Fair Value
Assets:
Available-for-sale securities:
U.S. government corporations and agencies	$	—	$	15,315	$	—	$	15,315
State and political subdivisions	—		65,415		—		65,415
Residential mortgage-backed securities	—		151,762		—		151,762
Collateralized mortgage obligations	—		2,888		—		2,888
Corporate bonds	—		67,398		25,729		93,127
Total available-for-sale securities	—		302,778		25,729		328,507
Equity securities:
Equity securities - financial services industry	924		—		—		924
Money market mutual funds	1,241		—		—		1,241
Total equity securities	2,165		—		—		2,165
Loans*	—		—		1,779		1,779
Interest rate swap*	—		189		—		189
Interest rate locks with customers*	—		490		—		490
Total assets	$	2,165	$	303,457	$	27,508	$	333,130
Liabilities:
Contingent consideration liability	$	—	$	—	$	259	$	259
Interest rate swaps*	—		20		—		20
Credit derivatives*	—		—		72		72
Forward loan sale commitments*	—		150		—		150
Total liabilities	$	—	$	170	$	331	$	501

* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table includes a rollforward of corporate bonds, loans and credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019
(Dollars in thousands)	Balance at December 31, 2018			Purchases/additions			Sales		Payments received			Premium amortization, net		Increase (decrease) in value		Balance at March 31, 2019
Corporate bonds	$	25,729		$	—		$	—	$	—		$	—	$	910	$	26,639
Loans	1,779			—			—		(39		)	—		8		1,748
Credit derivatives	(72		)	(271		)	—		—			—		264		(79		)
Net total	$	27,436		$	(271	)	$	—	$	(39	)	$	—	$	1,182	$	28,308

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017			Purchases/additions		Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2018
Corporate bonds	$	27,986		$	—	$	—	$	—		$	—	$	(1,064	)	$	26,922
Loans	1,958			—		—		(37		)	—		(26		)	1,895
Credit derivatives	(36		)	—		—		—			—		5			(31		)
Net total	$	29,908		$	—	$	—	$	(37	)	$	—	$	(1,085	)	$	28,786

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017			Purchases/additions		Sales		Payments received			Premium amortization, net		(Decrease) increase in value			Balance at March 31, 2018
Corporate bonds	$	27,986		$	—	$	—	$	—		$	—	$	(1,064	)	$	26,922
Loans	1,958			—		—		(37		)	—		(26		)	1,895
Credit derivatives	(36		)	—		—		—			—		5			(31		)
Net total	$	29,908		$	—	$	—	$	(37	)	$	—	$	(1,085	)	$	28,786

Contingent Consideration Liability Change in Amount

The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31, 2019
(Dollars in thousands)	Balance at December 31, 2018		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2019
Girard Partners	$	259	$	—	$	33	$	9	$	235
Total contingent consideration liability	$	259	$	—	$	33	$	9	$	235

	Three Months Ended March 31, 2018
(Dollars in thousands)	Balance at December 31, 2017		Contingent Consideration from New Acquisition		Payment of Contingent Consideration		Adjustment of Contingent Consideration		Balance at March 31, 2018
Girard Partners	$	339	$	—	$	34	$	17	$	322
Total contingent consideration liability	$	339	$	—	$	34	$	17	$	322

Assets Measured at Fair Value on Non-Recurring Basis

The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or impairment charges of individual assets. The following table represents assets measured at fair value on a non-recurring basis at March 31, 2019 and December 31, 2018:

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	24,499	$	24,499
Other real estate owned	—		—		540		540
Total	$	—	$	—	$	25,039	$	25,039

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2		Level 3		Assets at Fair Value
Impaired loans held for investment	$	—	$	—	$	25,166	$	25,166
Other real estate owned	—		—		1,187		1,187
Total	$	—	$	—	$	26,353	$	26,353

Assets, Liabilities and Off-Balance Sheet Items Not Measured at Fair Value

The following table presents assets and liabilities and off-balance sheet items not measured at fair value on a recurring or non-recurring basis in the Corporation’s consolidated balance sheets but for which the fair value is required to be disclosed at March 31, 2019 and December 31, 2018. The disclosed fair values are classified using the fair value hierarchy.

	At March 31, 2019
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	66,141	$	—		$	—	$	66,141		$	66,141
Held-to-maturity securities	—		148,960			—		148,960			148,470
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			32,699
Loans held for sale	—		948			—		948			921
Net loans and leases held for investment	—		—			4,020,771		4,020,771			4,010,030
Servicing rights	—		—			10,362		10,362			6,725
Total assets	$	66,141	$	149,908		$	4,031,133	$	4,247,182		$	4,264,986
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	3,364,469	$	—		$	—	$	3,364,469		$	3,364,469
Time deposits	—		635,255			—		635,255			638,684
Total deposits	3,364,469		635,255			—		3,999,724			4,003,153
Short-term borrowings	—		73,185			—		73,185			73,185
Long-term debt	—		144,717			—		144,717			145,263
Subordinated notes	—		96,394			—		96,394			94,635
Total liabilities	$	3,364,469	$	949,551		$	—	$	4,314,020		$	4,316,236
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(7,988	)	$	—	$	(7,988	)	$	—

	At December 31, 2018
(Dollars in thousands)	Level 1		Level 2			Level 3		Fair Value			Carrying Amount
Assets:
Cash and short-term interest-earning assets	$	109,420	$	—		$	—	$	109,420		$	109,420
Held-to-maturity securities	—		141,575			—		141,575			142,634
Federal Home Loan Bank, Federal Reserve Bank and other stock	NA		NA			NA		NA			28,337
Loans held for sale	—		1,798			—		1,798			1,754
Net loans and leases held for investment	—		—			3,924,329		3,924,329			3,950,265
Servicing rights	—		—			11,496		11,496			6,768
Total assets	$	109,420	$	143,373		$	3,935,825	$	4,188,618		$	4,239,178
Liabilities:
Deposits:
Demand and savings deposits, non-maturity	$	3,215,856	$	—		$	—	$	3,215,856		$	3,215,856
Time deposits	—		664,738			—		664,738			670,077
Total deposits	3,215,856		664,738			—		3,880,594			3,885,933
Short-term borrowings	—		189,768			—		189,768			189,768
Long-term debt	—		144,021			—		144,021			145,330
Subordinated notes	—		95,113			—		95,113			94,574
Total liabilities	$	3,215,856	$	1,093,640		$	—	$	4,309,496		$	4,315,605
Off-Balance-Sheet:
Commitments to extend credit	$	—	$	(2,516	)	$	—	$	(2,516	)	$	—

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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting

The following table provides total assets by reportable business segment as of the dates indicated.

(Dollars in thousands)	At March 31, 2019		At December 31, 2018		At March 31, 2018
Banking	$	4,942,539	$	4,895,732	$	4,519,423
Wealth Management	40,910		39,090		36,848
Insurance	31,837		30,117		28,651
Other	20,241		19,408		29,037
Consolidated assets	$	5,035,527	$	4,984,347	$	4,613,959

The following tables provide reportable segment-specific information and reconciliations to consolidated financial information for the three months ended March 31, 2019 and 2018.

	Three Months Ended
	March 31, 2019
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	52,346		$	10	$	—	$	8		$	52,364
Interest expense	9,580			—		—		1,261			10,841
Net interest income	42,766			10		—		(1,253		)	41,523
Provision for loan and lease losses	2,685			—		—		—			2,685
Noninterest income	4,971			5,720		5,353		253			16,297
Intangible expenses	233			105		88		—			426
Other noninterest expense	27,779			3,794		3,126		432			35,131
Intersegment (revenue) expense*	(299		)	166		133		—			—
Income (expense) before income taxes	17,339			1,665		2,006		(1,432		)	19,578
Income tax (benefit) expense	3,120			314		193		(128		)	3,499
Net income (loss)	$	14,219		$	1,351	$	1,813	$	(1,304	)	$	16,079
Capital expenditures	$	765		$	39	$	25	$	21		$	850

	Three Months Ended
	March 31, 2018
(Dollars in thousands)	Banking			Wealth Management		Insurance		Other			Consolidated
Interest income	$	43,522		$	5	$	—	$	7		$	43,534
Interest expense	5,001			—		—		1,261			6,262
Net interest income	38,521			5		—		(1,254		)	37,272
Provision for loan and lease losses	2,053			—		—		—			2,053
Noninterest income	4,789			5,740		5,086		(33		)	15,582
Intangible expenses	329			142		141		—			612
Restructuring charges	571			—		—		—			571
Other noninterest expense	27,661			3,658		3,245		(622		)	33,942
Intersegment (revenue) expense*	(291		)	153		138		—			—
Income (expense) before income taxes	12,987			1,792		1,562		(665		)	15,676
Income tax expense (benefit)	1,998			545		456		(173		)	2,826
Net income (loss)	$	10,989		$	1,247	$	1,106	$	(492	)	$	12,850
Capital expenditures	$	970		$	49	$	7	$	55		$	1,081

*Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. These expenses are generally allocated based upon number of employees and square footage utilized.

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Leases Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Schedule of Operating Lease Information

Information with respect to operating leases under FASB ASC 842 "Leases" follows:

	Three Months Ended March 31,
(Dollars in thousands)	2019
Lease cost	$	947
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from leases	873
	At March 31, 2019
Weighted-average remaining lease term in years	15.4
Weighted-average discount rate	4.23		%

Schedule of Maturity of Lease Liabilities

At March 31, 2019, maturities of lease liabilities under FASB ASC 842 "Leases" are as follows:

Maturity of Lease Liabilities	(Dollars in thousands)	Amount
Remainder of 2019		$	2,663
2020		3,632
2021		3,688
2022		3,660
2023		3,610
Thereafter		37,389
Total lease payments		54,642
Less: imputed interest		(15,540		)
Present value of lease liabilities		$	39,102

Schedule of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases Net of Related Sublease Revenue

At December 31, 2018, a summary of the future minimum rental commitments under non-cancelable operating leases with original or remaining terms greater than one year under FASB ASC 840 "Leases" was as follows:

Year	(Dollars in thousands)	Amount
2019		$	3,536
2020		3,632
2021		3,688
2022		3,660
2023		3,610
Thereafter		37,389
Total		$	55,515

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Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands		Jan. 01, 2019	Mar. 31, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Investment securities available-for-sale			$ 315,648	$ 328,507
Operating lease liabilities			39,102	0
Operating lease right-of-use assets			$ 36,099	0
Callable [Member]
Summary Of Significant Accounting Policies [Line Items]
Investment securities available-for-sale				11,300
Accounting Standards Update 2017-08
Summary Of Significant Accounting Policies [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	[1]			(39)
Accounting Standards Update 2017-08 | Debt Securities [Member]
Summary Of Significant Accounting Policies [Line Items]
Reduction of unamortized premium balance		$ 49
Reduction of retained earnings, net of tax, for incremental amortization		39
Accounting Standards Update 2016-02
Summary Of Significant Accounting Policies [Line Items]
Operating lease liabilities		39,600
Operating lease right-of-use assets		36,600
Deferred rent liability		1,000
Cumulative Effect of New Accounting Principle in Period of Adoption	[1]			(1,525)
Retained Earnings [Member] | Accounting Standards Update 2017-08
Summary Of Significant Accounting Policies [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	[1]			(39)
Retained Earnings [Member] | Accounting Standards Update 2016-02
Summary Of Significant Accounting Policies [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		1,500		$ (1,525)	[1]
Cash Flow Hedging [Member]
Summary Of Significant Accounting Policies [Line Items]
Gain on Fair Value Hedge Ineffectiveness		$ 83

[1] (1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

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Earnings per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 16,079	$ 12,850
Net income allocated to unvested restricted stock awards	(67)	(97)
Net income allocated to common shares	$ 16,012	$ 12,753
Weighted average shares outstanding	29,277	29,355
Average unvested restricted stock awards	(131)	(215)
Denominator for basic earnings per share—weighted-average shares outstanding	29,146	29,140
Effect of dilutive securities—employee stock options and restricted stock units	59	94
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding	29,205	29,234
Basic earnings per share	$ 0.55	$ 0.44
Diluted earnings per share	$ 0.55	$ 0.44
Average anti-dilutive options and restricted stock units excluded from computation of diluted earnings per share	348	217

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Investment Securities - Narrative (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) Investment	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($) Investment
Debt Securities, Available-for-sale [Line Items]
Carrying value of securities pledged to secure public deposits and other contractual obligations	$ 374,500		$ 344,500
Pledging requirements for credit derivatives and SWAP agreements - securities	$ 300		$ 300
Number of investments in non-federal issuer representing more than 10% of shareholders' equity | Investment	0		0
Maximum investment in any single non-federal issuer representing shareholders' equity	10.00%		10.00%
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 9,706		$ 14,180
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	162
Proceeds from sales	$ 491	$ 1,010
U.S. Government Corporations and Agencies [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 46		96
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	3
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 7,147		9,099
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	33
Mortgage-Backed Securities [Domain]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 2,400
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	122
State and Political Subdivisions [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 1		164
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	2
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	$ 63		$ 78
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	2
Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales	$ 0
Other Noninterest Income [Member] | Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Net realized gain on investment securities	$ 4	$ (4)

XML

Investment Securities - Held-to-Maturity and Available-for-Sale, Scheduled Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Securities Held-to-Maturity, Amortized Cost	$ 148,470	$ 142,634
Securities Held-to-Maturity, Gross Unrealized Gains	875	287
Securities Held-to-Maturity, Gross Unrealized Losses	(385)	(1,346)
Securities Held-to-Maturity, Fair Value	148,960	141,575
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale, Debt Securities, Fair Value	315,648	328,507
Debt Securities, Available-For-Sale And Held-To-Maturity, Amortized Cost	324,733	342,711
Securities Available-for-Sale, Gross Unrealized Gain	631	394
Securities Available-for-Sale, Gross Unrealized Loss	(9,716)	(14,598)
Securities Available-for-Sale, Fair Value	315,648	328,507
U.S. Government Corporations and Agencies [Member]
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Securities Held-to-Maturity, Amortized Cost, After 1 year to 5 years	6,997	6,996
Securities Held-to-Maturity, Gross Unrealized Gains, After 1 year to 5 years	0	0
Securities Held-to-Maturity, Gross Unrealized Losses, After 1 year to 5 years	(46)	(104)
Securities Held-to-Maturity, Fair Value, After 1 year to 5 years	6,951	6,892
Securities Held-to-Maturity, Amortized Cost	6,997	6,996
Securities Held-to-Maturity, Gross Unrealized Gains	0	0
Securities Held-to-Maturity, Gross Unrealized Losses	(46)	(104)
Securities Held-to-Maturity, Fair Value	6,951	6,892
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale, Amortized Cost, Within 1 year	10,067	15,108
Securities Available-for-Sale, Gross Unrealized Gains, Within 1 year	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 year	(41)	(90)
Securities Available-for-Sale, Fair Value, Within 1 year	10,026	15,018
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	302	303
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(5)	(6)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	297	297
Securities Available-for-Sale, Amortized Cost	10,369	15,411
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	0	0
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(46)	(96)
Securities Available-for-Sale, Debt Securities, Fair Value	10,323	15,315
State and Political Subdivisions [Member]
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale, Amortized Cost, Within 1 year	3,483	5,900
Securities Available-for-Sale, Gross Unrealized Gains, Within 1 year	6	4
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 year	0	(6)
Securities Available-for-Sale, Fair Value, Within 1 year	3,489	5,898
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	17,439	15,459
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	83	36
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(1)	(56)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	17,521	15,439
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	40,506	43,923
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	458	318
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	0	(163)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	40,964	44,078
Securities Available-for-Sale, Amortized Cost	61,428	65,282
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	547	358
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(1)	(225)
Securities Available-for-Sale, Debt Securities, Fair Value	61,974	65,415
Residential Mortgage Backed Securities [Member]
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract]
Securities Held-to-Maturity, Amortized Cost, After 5 years to 10 years	11,005	11,573
Securities Held-to-Maturity, Gross Unrealized Gains, After 5 years to 10 years	23	0
Securities Held-to-Maturity, Gross Unrecognized Losses, After 5 years to 10 years	(54)	(135)
Securities Held-to-Maturity, Fair Value, After 5 years to 10 years	10,974	11,438
Securities Held-to-Maturity, Amortized Cost, Over 10 years	130,468	124,065
Securities Held-to-Maturity, Gross Unrealized Gain, Over 10 years	852	287
Securities Held-to-Maturity, Gross Unrealized Losses, Over 10 years	(285)	(1,107)
Securities Held-to-Maturity, Fair Value, After 10 Years	131,035	123,245
Securities Held-to-Maturity, Amortized Cost	141,473	135,638
Securities Held-to-Maturity, Gross Unrealized Gains	875	287
Securities Held-to-Maturity, Gross Unrealized Losses	(339)	(1,242)
Securities Held-to-Maturity, Fair Value	142,009	134,683
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	6,204	5,799
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	11	3
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(75)	(70)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	6,140	5,732
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	46,409	49,904
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	14	6
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	(711)	(1,381)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	45,712	48,529
Securities Available-for-Sale, Amortized Cost, Over 10 years	97,524	100,873
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	52	26
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(1,663)	(3,398)
Securities Available-for-Sale, Fair Value, Over 10 years	95,913	97,501
Securities Available-for-Sale, Amortized Cost	150,137	156,576
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	77	35
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(2,449)	(4,849)
Securities Available-for-Sale, Debt Securities, Fair Value	147,765	151,762
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	1,589	1,677
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	(60)	(78)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	1,529	1,599
Securities Available-for-Sale, Amortized Cost, Over 10 years	1,260	1,305
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(3)	(16)
Securities Available-for-Sale, Fair Value, Over 10 years	1,257	1,289
Securities Available-for-Sale, Amortized Cost	2,849	2,982
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	0	0
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(63)	(94)
Securities Available-for-Sale, Debt Securities, Fair Value	2,786	2,888
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Abstract]
Securities Available-for-Sale, Amortized Cost, Within 1 year	8,299	7,806
Securities Available-for-Sale, Gross Unrealized Gains, Within 1 year	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 year	(42)	(68)
Securities Available-for-Sale, Fair Value, Within 1 year	8,257	7,738
Securities Available-for-Sale, Amortized Cost, After 1 year to 5 years	16,512	18,508
Securities Available-for-Sale, Gross Unrealized Gains, After 1 year to 5 years	7	1
Securities Available-for-Sale, Gross Unrealized Losses, After 1 year to 5 years	(104)	(332)
Securities Available-for-Sale, Fair Value, After 1 year to 5 years	16,415	18,177
Securities Available-for-Sale, Amortized Cost, After 5 years to 10 years	15,139	16,146
Securities Available-for-Sale, Gross Unrealized Gains, After 5 years to 10 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, After 5 years to 10 years	(289)	(392)
Securities Available-for-Sale, Fair Value, After 5 years to 10 years	14,850	15,754
Securities Available-for-Sale, Amortized Cost, Over 10 years	60,000	60,000
Securities Available-for-Sale, Gross Unrealized Gains, Over 10 years	0	0
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 years	(6,722)	(8,542)
Securities Available-for-Sale, Fair Value, Over 10 years	53,278	51,458
Securities Available-for-Sale, Amortized Cost	99,950	102,460
Securities Available-for-Sale, Debt Securities, Gross Unrealized Gain	7	1
Securities Available-for-Sale, Debt Securities, Gross Unrealized Losses	(7,157)	(9,334)
Securities Available-for-Sale, Debt Securities, Fair Value	$ 92,800	$ 93,127

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Investment Securities - Information Related to Sales of Securities Available-for-Sale (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Securities available-for-sale:
Proceeds from sales	$ 491	$ 1,010
Gross realized gains on sales	1	10
Tax expense related to net realized gains on sales	$ 0	$ 2

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Investment Securities - Amount of Securities in Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	$ 8,054	$ 48,192
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(2)	(472)
Twelve Months or Longer, Fair Value	47,304	41,393
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(383)	(874)
Total, Fair Value	55,358	89,585
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	(385)	(1,346)
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Less than Twelve Months, Fair Value	2,534	34,595
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(10)	(418)
Twelve Months or Longer, Fair Value	244,081	249,870
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(9,706)	(14,180)
Total, Fair Value	246,615	284,465
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(9,716)	(14,598)
U.S. Government Corporations and Agencies [Member]
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	0	0
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Twelve Months or Longer, Fair Value	6,951	6,892
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(46)	(104)
Total, Fair Value	6,951	6,892
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	(46)	(104)
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Less than Twelve Months, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	0
Twelve Months or Longer, Fair Value	10,323	15,315
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(46)	(96)
Total, Fair Value	10,323	15,315
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(46)	(96)
State and Political Subdivisions [Member]
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Less than Twelve Months, Fair Value	1,045	9,311
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	(61)
Twelve Months or Longer, Fair Value	1,018	15,302
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(1)	(164)
Total, Fair Value	2,063	24,613
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(1)	(225)
Residential Mortgage-Backed Securities [Member]
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Fair Value [Abstract]
Less than Twelve Months, Fair Value	8,054	48,192
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(2)	(472)
Twelve Months or Longer, Fair Value	40,353	34,501
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(337)	(770)
Total, Fair Value	48,407	82,693
Debt Securities, Held-to-maturity, Unrealized Loss Position, Accumulated Loss	(339)	(1,242)
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Less than Twelve Months, Fair Value	0	7,099
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	(106)
Twelve Months or Longer, Fair Value	141,650	141,924
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(2,449)	(4,743)
Total, Fair Value	141,650	149,023
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(2,449)	(4,849)
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Less than Twelve Months, Fair Value	0	1,289
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	0	(16)
Twelve Months or Longer, Fair Value	2,786	1,599
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(63)	(78)
Total, Fair Value	2,786	2,888
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	(63)	(94)
Corporate Bonds [Member]
Debt Securities, Available-for-sale, Unrealized Loss Position [Abstract]
Less than Twelve Months, Fair Value	1,489	16,896
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(10)	(235)
Twelve Months or Longer, Fair Value	88,304	75,730
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(7,147)	(9,099)
Total, Fair Value	89,793	92,626
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ (7,157)	$ (9,334)

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Loans and Leases - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	$ 352,552		$ 377,376
Carrying amount	693		695
Impaired loans with no related reserve, Recorded Investment	$ 11,848		13,174
Maximum modification period on short-term basis	1 year
Restructured loan past due period	90 days
Receivable related to an operating lease contract	$ 7		0
Interest income on lease financing	2,000	$ 1,800
Lease Financings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	0		0
Impaired loans with no related reserve, Recorded Investment	0		$ 0
Fox Chase Bank [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	301,300
Carrying amount	62
Valley Green Bank [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable Net of Deferred Income, Acquired	51,300
Carrying amount	631
Minimum [Member]
Financing Receivable, Recorded Investment [Line Items]
Amount of Loan Relationship Balance, Loans Reviewed Annually	1,000
Amount of Loan Relationship Balance, Reviewed Quarterly	15,000
Maximum [Member]
Financing Receivable, Recorded Investment [Line Items]
Amount of Loan Relationship Balance, Loans Reviewed on a Performance Basis	$ 1,000

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Loans and Leases - Summary of Major Loan and Lease Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	$ 3,715,327	$ 3,629,198
Total Loans and Leases Held for Investment, Acquired	352,552	377,376
Total Loans and Leases Held for Investment	4,067,879	4,006,574	$ 3,689,888
Imputed interest on lease financings, originated	(15,082)	(15,118)
Imputed interest of lease financings, acquired	0	0
Imputed interest on lease financings, included in the above table	(15,082)	(15,118)
Net deferred costs, Originated	4,426	3,930
Net deferred costs, Acquired	0	0
Net deferred costs, included in the above table	4,426	3,930
Overdraft Deposits, Originated	208	139
Overdraft Deposits, Acquired	0	0
Overdraft deposits included in the above table	208	139
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	910,493	913,166
Total Loans and Leases Held for Investment, Acquired	17,145	24,519
Total Loans and Leases Held for Investment	927,638	937,685	907,938
Real Estate-Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	1,576,250	1,507,579
Total Loans and Leases Held for Investment, Acquired	222,955	233,625
Total Loans and Leases Held for Investment	1,799,205	1,741,204
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	216,964	215,513
Total Loans and Leases Held for Investment, Acquired	0	0
Total Loans and Leases Held for Investment	216,964	215,513
Real Estate-Residential Secured for Business Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	304,574	302,393
Total Loans and Leases Held for Investment, Acquired	56,348	60,403
Total Loans and Leases Held for Investment	360,922	362,796	333,361
Real Estate Residential Secured For Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	361,488	338,451
Total Loans and Leases Held for Investment, Acquired	47,652	49,959
Total Loans and Leases Held for Investment	409,140	388,410
Real Estate-Home Equity Secured for Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	172,587	177,523
Total Loans and Leases Held for Investment, Acquired	8,311	8,728
Total Loans and Leases Held for Investment	180,898	186,251
Loans to Individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	32,462	32,617
Total Loans and Leases Held for Investment, Acquired	141	142
Total Loans and Leases Held for Investment	32,603	32,759	28,255
Lease Financings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans and Leases Held for Investment, Originated	140,509	141,956
Total Loans and Leases Held for Investment, Acquired	0	0
Total Loans and Leases Held for Investment	$ 140,509	$ 141,956	$ 129,740

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Loans and Leases - Acquired Credit Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Receivables [Abstract]
Outstanding principal balance	$ 871		$ 893
Carrying amount	693		695
Reserve for loan losses	0		$ 0
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Roll Forward]
Beginning of period	0	$ 11
Reclassification from nonaccretable discount	142	81
Accretable yield amortized to interest income	(142)	(87)
End of period	$ 0	$ 5

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Loans and Leases - Age Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 24,641	$ 27,941
Current	4,042,545	3,977,938
Acquired Credit Impaired	693	695
Loans and leases held for investment	4,067,879	4,006,574	$ 3,689,888
Recorded Investment 90 Days or more Past Due and Accruing Interest	636	192
Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	693	695
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	10,202	16,434
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,994	3,227
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	12,445	8,280
Commercial, Financial and Agricultural [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	3,823	3,541
Current	923,815	934,144
Loans and leases held for investment	927,638	937,685	907,938
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Commercial, Financial and Agricultural [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Commercial, Financial and Agricultural [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,661	1,043
Commercial, Financial and Agricultural [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	210	270
Commercial, Financial and Agricultural [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,952	2,228
Real Estate-Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	8,298	8,562
Current	1,790,701	1,732,436
Loans and leases held for investment	1,799,205	1,741,204
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Commercial [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	206	206
Real Estate-Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,133	5,425
Real Estate-Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	647	1,538
Real Estate-Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	5,518	1,599
Real Estate-Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	447	2,269
Current	216,517	213,244
Loans and leases held for investment	216,964	215,513
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Construction [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Real Estate-Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	341	2,163
Real Estate-Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	106
Real Estate-Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	106	0
Real Estate-Residential Secured for Business Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	3,174	4,438
Current	357,323	357,932
Loans and leases held for investment	360,922	362,796	333,361
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	425	426
Real Estate-Residential Secured for Business Purpose [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,521	2,497
Real Estate-Residential Secured for Business Purpose [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	515	777
Real Estate-Residential Secured for Business Purpose [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,138	1,164
Real Estate Residential Secured For Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	5,157	3,920
Current	403,921	384,427
Loans and leases held for investment	409,140	388,410
Recorded Investment 90 Days or more Past Due and Accruing Interest	325	0
Real Estate Residential Secured For Personal Purpose [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	62	63
Real Estate Residential Secured For Personal Purpose [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	3,346	2,334
Real Estate Residential Secured For Personal Purpose [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	0	0
Real Estate Residential Secured For Personal Purpose [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,811	1,586
Real Estate-Home Equity Secured for Personal Purpose [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,783	1,742
Current	179,115	184,509
Loans and leases held for investment	180,898	186,251
Recorded Investment 90 Days or more Past Due and Accruing Interest	0	0
Real Estate-Home Equity Secured for Personal Purpose [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Real Estate-Home Equity Secured for Personal Purpose [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	304	305
Real Estate-Home Equity Secured for Personal Purpose [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	90	96
Real Estate-Home Equity Secured for Personal Purpose [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,389	1,341
Loans to Individuals [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	321	291
Current	32,282	32,468
Loans and leases held for investment	32,603	32,759	28,255
Recorded Investment 90 Days or more Past Due and Accruing Interest	54	55
Loans to Individuals [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Loans to Individuals [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	173	207
Loans to Individuals [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	94	29
Loans to Individuals [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	54	55
Lease Financings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,638	3,178
Current	138,871	138,778
Loans and leases held for investment	140,509	141,956	$ 129,740
Recorded Investment 90 Days or more Past Due and Accruing Interest	257	137
Lease Financings [Member] | Valley Green Bank and Fox Chase Bank [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired Credit Impaired	0	0
Lease Financings [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	723	2,460
Lease Financings [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	438	411
Lease Financings [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 477	$ 307

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Loans and Leases - Nonperforming Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	$ 25,952	$ 26,208
Accruing Troubled Debt Restructured Loans And Lease Modifications	270	542
Loans and Leases 90 Days or more Past Due and Accruing Interest	636	192
Total Nonperforming Loans and Leases	26,858	26,942
Nonaccrual Troubled Debt Restructured Loans And Lease Modifications	3,200	1,300
Commercial, Financial and Agricultural [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	2,904	3,365
Accruing Troubled Debt Restructured Loans And Lease Modifications	270	382
Loans and Leases 90 Days or more Past Due and Accruing Interest	0	0
Total Nonperforming Loans and Leases	3,174	3,747
Real Estate-Commercial [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	18,361	18,214
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Loans and Leases 90 Days or more Past Due and Accruing Interest	0	0
Total Nonperforming Loans and Leases	18,361	18,214
Real Estate-Construction [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	106	106
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Loans and Leases 90 Days or more Past Due and Accruing Interest	0	0
Total Nonperforming Loans and Leases	106	106
Real Estate-Residential Secured for Business Purpose [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	1,232	1,318
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	160
Loans and Leases 90 Days or more Past Due and Accruing Interest	0	0
Total Nonperforming Loans and Leases	1,232	1,478
Real Estate-Residential Secured for Personal Purpose [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	1,636	1,587
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Loans and Leases 90 Days or more Past Due and Accruing Interest	325	0
Total Nonperforming Loans and Leases	1,961	1,587
Real Estate-Home Equity Secured for Personal Purpose [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	1,493	1,448
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Loans and Leases 90 Days or more Past Due and Accruing Interest	0	0
Total Nonperforming Loans and Leases	1,493	1,448
Loans to Individuals [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	0	0
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Loans and Leases 90 Days or more Past Due and Accruing Interest	54	55
Total Nonperforming Loans and Leases	54	55
Lease Financings [Member]
Nonperforming Loans and Leases [Line Items]
Nonaccrual Loans and Leases	220	170
Accruing Troubled Debt Restructured Loans And Lease Modifications	0	0
Loans and Leases 90 Days or more Past Due and Accruing Interest	257	137
Total Nonperforming Loans and Leases	$ 477	$ 307

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Loans and Leases - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	$ 3,715,327	$ 3,629,198
Total Loans and Leases Held for Investment, Acquired	352,552	377,376
Grade: 1. Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	2,918,104	2,851,733
Total Loans and Leases Held for Investment, Acquired	282,983	304,928
Grade: 2. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	44,043	55,799
Total Loans and Leases Held for Investment, Acquired	0	0
Grade: 3. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	46,134	31,119
Total Loans and Leases Held for Investment, Acquired	13,465	13,619
Grade: 4. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	3,008,281	2,938,651
Total Loans and Leases Held for Investment, Acquired	296,448	318,547
Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	705,069	689,112
Total Loans and Leases Held for Investment, Acquired	54,096	56,867
Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,977	1,435
Total Loans and Leases Held for Investment, Acquired	2,008	1,962
Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	707,046	690,547
Total Loans and Leases Held for Investment, Acquired	56,104	58,829
Commercial, Financial and Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	910,493	913,166
Total Loans and Leases Held for Investment, Acquired	17,145	24,519
Commercial, Financial and Agricultural [Member] | Grade: 1. Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	871,541	882,736
Total Loans and Leases Held for Investment, Acquired	17,145	24,450
Commercial, Financial and Agricultural [Member] | Grade: 2. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	16,680	23,287
Total Loans and Leases Held for Investment, Acquired	0	0
Commercial, Financial and Agricultural [Member] | Grade: 3. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	22,272	7,143
Total Loans and Leases Held for Investment, Acquired	0	69
Commercial, Financial and Agricultural [Member] | Grade: 4. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Commercial, Financial and Agricultural [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	910,493	913,166
Total Loans and Leases Held for Investment, Acquired	17,145	24,519
Real Estate-Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,576,250	1,507,579
Total Loans and Leases Held for Investment, Acquired	222,955	233,625
Real Estate-Commercial [Member] | Grade: 1. Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,528,969	1,455,234
Total Loans and Leases Held for Investment, Acquired	210,240	220,911
Real Estate-Commercial [Member] | Grade: 2. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	26,608	31,791
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Commercial [Member] | Grade: 3. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	20,673	20,554
Total Loans and Leases Held for Investment, Acquired	12,715	12,714
Real Estate-Commercial [Member] | Grade: 4. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Commercial [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,576,250	1,507,579
Total Loans and Leases Held for Investment, Acquired	222,955	233,625
Real Estate-Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	216,964	215,513
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 1. Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	216,858	215,407
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 2. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 3. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	106	106
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Grade: 4. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Construction [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	216,964	215,513
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	304,574	302,393
Total Loans and Leases Held for Investment, Acquired	56,348	60,403
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 1. Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	300,736	298,356
Total Loans and Leases Held for Investment, Acquired	55,598	59,567
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 2. Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	755	721
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 3. Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	3,083	3,316
Total Loans and Leases Held for Investment, Acquired	750	836
Real Estate-Residential Secured for Business Purpose [Member] | Grade: 4. Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	0	0
Total Loans and Leases Held for Investment, Acquired	0	0
Real Estate-Residential Secured for Business Purpose [Member] | Internally Assigned Grades [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	304,574	302,393
Total Loans and Leases Held for Investment, Acquired	56,348	60,403
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	361,488	338,451
Total Loans and Leases Held for Investment, Acquired	47,652	49,959
Real Estate Residential Secured For Personal Purpose [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	360,486	337,762
Total Loans and Leases Held for Investment, Acquired	46,693	49,061
Real Estate Residential Secured For Personal Purpose [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	1,002	689
Total Loans and Leases Held for Investment, Acquired	959	898
Real Estate Residential Secured For Personal Purpose [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	361,488	338,451
Total Loans and Leases Held for Investment, Acquired	47,652	49,959
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	172,587	177,523
Total Loans and Leases Held for Investment, Acquired	8,311	8,728
Real Estate-Home Equity Secured for Personal Purpose [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	172,143	177,139
Total Loans and Leases Held for Investment, Acquired	7,262	7,664
Real Estate-Home Equity Secured for Personal Purpose [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	444	384
Total Loans and Leases Held for Investment, Acquired	1,049	1,064
Real Estate-Home Equity Secured for Personal Purpose [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	172,587	177,523
Total Loans and Leases Held for Investment, Acquired	8,311	8,728
Loans to Individuals [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	32,462	32,617
Total Loans and Leases Held for Investment, Acquired	141	142
Loans to Individuals [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	32,408	32,562
Total Loans and Leases Held for Investment, Acquired	141	142
Loans to Individuals [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	54	55
Total Loans and Leases Held for Investment, Acquired	0	0
Loans to Individuals [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	32,462	32,617
Total Loans and Leases Held for Investment, Acquired	141	142
Lease Financings [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	140,509	141,956
Total Loans and Leases Held for Investment, Acquired	0	0
Lease Financings [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	140,032	141,649
Total Loans and Leases Held for Investment, Acquired	0	0
Lease Financings [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	477	307
Total Loans and Leases Held for Investment, Acquired	0	0
Lease Financings [Member] | Performing and Nonperforming [Member]
Financing Receivable, Recorded Investment [Line Items]
Total Loans and Leases Held for Investment, Originated	140,509	141,956
Total Loans and Leases Held for Investment, Acquired	$ 0	$ 0

XML

Loans and Leases - Reserve for Loan and Lease Losses Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	$ 29,364	$ 21,555
Charge-offs	(709)	(869)
Recoveries	262	671
Provision (recovery of provision)	2,684	2,052
Provision for acquired credit impaired loans	1	1
Ending balance	31,602	23,410
Commercial, Financial and Agricultural [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	7,983	6,742
Charge-offs	(468)	(601)
Recoveries	82	226
Provision (recovery of provision)	1,353	575
Provision for acquired credit impaired loans	0	0
Ending balance	8,950	6,942
Real Estate-Commercial and Construction [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	13,903	9,839
Charge-offs	(41)	(40)
Recoveries	91	73
Provision (recovery of provision)	1,028	1,306
Provision for acquired credit impaired loans	0	0
Ending balance	14,981	11,178
Real Estate-Residential Secured for Business Purpose [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	2,236	1,661
Charge-offs	0	0
Recoveries	4	251
Provision (recovery of provision)	62	(41)
Provision for acquired credit impaired loans	0	0
Ending balance	2,302	1,871
Real Estate-Residential and Home Equity Secured for Personal Purpose [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	3,199	1,754
Charge-offs	(11)	0
Recoveries	5	57
Provision (recovery of provision)	185	96
Provision for acquired credit impaired loans	1	1
Ending balance	3,379	1,908
Loans to Individuals [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	484	373
Charge-offs	(85)	(92)
Recoveries	22	30
Provision (recovery of provision)	48	61
Provision for acquired credit impaired loans	0	0
Ending balance	469	372
Lease Financings [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	1,288	1,132
Charge-offs	(104)	(136)
Recoveries	58	34
Provision (recovery of provision)	33	49
Provision for acquired credit impaired loans	0	0
Ending balance	1,275	1,079
Unallocated Financing Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Beginning balance	271	54
Provision (recovery of provision)	(25)	6
Provision for acquired credit impaired loans	0	0
Ending balance	$ 246	$ 60

XML

Loans and Leases - Reserve for Loan and Lease Losses and Recorded Investment in Loans and Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	$ 1,503		$ 732
Ending balance: collectively evaluated for impairment	30,092		22,388
Ending balance: acquired non-credit impaired loans evaluated for impairment	7		290
Total ending balance	31,602	$ 29,364	23,410	$ 21,555
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	26,002		41,840
Ending balance: collectively evaluated for impairment	3,687,577		3,146,843
Loans measured at fair value	1,748		1,895
Acquired non-credit impaired loans	351,859		497,785
Acquired credit impaired loans	693		1,525
Total Loans and Leases Held for Investment	4,067,879	4,006,574	3,689,888
Commercial, Financial and Agricultural [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	243		34
Ending balance: collectively evaluated for impairment	8,707		6,776
Ending balance: acquired non-credit impaired loans evaluated for impairment	0		132
Total ending balance	8,950	7,983	6,942	6,742
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	3,174		6,560
Ending balance: collectively evaluated for impairment	907,319		849,690
Loans measured at fair value	0		0
Acquired non-credit impaired loans	17,145		51,310
Acquired credit impaired loans	0		378
Total Loans and Leases Held for Investment	927,638	937,685	907,938
Real Estate-Commercial and Construction [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	925		684
Ending balance: collectively evaluated for impairment	14,049		10,378
Ending balance: acquired non-credit impaired loans evaluated for impairment	7		116
Total ending balance	14,981	13,903	11,178	9,839
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	18,467		30,573
Ending balance: collectively evaluated for impairment	1,772,999		1,441,709
Loans measured at fair value	1,748		1,895
Acquired non-credit impaired loans	222,749		295,420
Acquired credit impaired loans	206		356
Total Loans and Leases Held for Investment	2,016,169		1,769,953
Real Estate-Residential Secured for Business Purpose [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	0		14
Ending balance: collectively evaluated for impairment	2,302		1,815
Ending balance: acquired non-credit impaired loans evaluated for impairment	0		42
Total ending balance	2,302	2,236	1,871	1,661
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	1,232		2,173
Ending balance: collectively evaluated for impairment	303,342		249,015
Loans measured at fair value	0		0
Acquired non-credit impaired loans	55,923		81,587
Acquired credit impaired loans	425		586
Total Loans and Leases Held for Investment	360,922	362,796	333,361
Real Estate-Residential and Home Equity Secured for Personal Purpose [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	335		0
Ending balance: collectively evaluated for impairment	3,044		1,908
Ending balance: acquired non-credit impaired loans evaluated for impairment	0		0
Total ending balance	3,379	3,199	1,908	1,754
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	3,129		1,284
Ending balance: collectively evaluated for impairment	530,946		449,827
Loans measured at fair value	0		0
Acquired non-credit impaired loans	55,901		69,325
Acquired credit impaired loans	62		205
Total Loans and Leases Held for Investment	590,038		520,641
Loans to Individuals [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	469		372
Ending balance: acquired non-credit impaired loans evaluated for impairment	0		0
Total ending balance	469	484	372	373
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	32,462		28,112
Loans measured at fair value	0		0
Acquired non-credit impaired loans	141		143
Acquired credit impaired loans	0		0
Total Loans and Leases Held for Investment	32,603	32,759	28,255
Lease Financings [Member]
Reserve for loan and lease losses:
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	1,275		1,079
Ending balance: acquired non-credit impaired loans evaluated for impairment	0		0
Total ending balance	1,275	1,288	1,079	1,132
Loans and leases held for investment:
Ending balance: individually evaluated for impairment	0		1,250
Ending balance: collectively evaluated for impairment	140,509		128,490
Loans measured at fair value	0		0
Acquired non-credit impaired loans	0		0
Acquired credit impaired loans	0		0
Total Loans and Leases Held for Investment	140,509	141,956	129,740
Unallocated Financing Receivables [Member]
Reserve for loan and lease losses:
Ending balance: collectively evaluated for impairment	246		60
Ending balance: acquired non-credit impaired loans evaluated for impairment	0		0
Total ending balance	$ 246	$ 271	$ 60	$ 54

XML

Loans and Leases - Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	$ 11,848	$ 13,174
Impaired loans with a reserve recorded, Recorded Investment	14,154	13,407
Impaired loans with no related reserve, Unpaid Principal Balance	13,736	14,963
Impaired loans with a reserve recorded, Unpaid Principal Balance	15,162	13,985
Total impaired loans, Recorded Investment	26,002	26,581
Total impaired loans, Unpaid Principal Balance	28,898	28,948
Impaired Financing Receivable, Related Reserve	1,503	1,415
Commercial, Financial and Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	2,581	2,776
Impaired loans with a reserve recorded, Recorded Investment	593	971
Impaired loans with no related reserve, Unpaid Principal Balance	3,195	3,361
Impaired loans with a reserve recorded, Unpaid Principal Balance	939	1,024
Total impaired loans, Recorded Investment	3,174	3,747
Total impaired loans, Unpaid Principal Balance	4,134	4,385
Impaired Financing Receivable, Related Reserve	243	413
Real Estate-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	5,600	6,578
Impaired loans with a reserve recorded, Recorded Investment	12,761	11,637
Impaired loans with no related reserve, Unpaid Principal Balance	6,569	7,516
Impaired loans with a reserve recorded, Unpaid Principal Balance	13,423	12,162
Total impaired loans, Recorded Investment	18,361	18,215
Total impaired loans, Unpaid Principal Balance	19,992	19,678
Impaired Financing Receivable, Related Reserve	925	675
Real Estate-Construction [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	106	106
Impaired loans with no related reserve, Unpaid Principal Balance	111	111
Total impaired loans, Recorded Investment	106	106
Total impaired loans, Unpaid Principal Balance	111	111
Impaired Financing Receivable, Related Reserve	0	0
Real Estate-Residential Secured for Business Purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	1,232	1,478
Impaired loans with no related reserve, Unpaid Principal Balance	1,417	1,660
Total impaired loans, Recorded Investment	1,232	1,478
Total impaired loans, Unpaid Principal Balance	1,417	1,660
Impaired Financing Receivable, Related Reserve	0	0
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	911	863
Impaired loans with a reserve recorded, Recorded Investment	725	724
Impaired loans with no related reserve, Unpaid Principal Balance	975	911
Impaired loans with a reserve recorded, Unpaid Principal Balance	725	724
Total impaired loans, Recorded Investment	1,636	1,587
Total impaired loans, Unpaid Principal Balance	1,700	1,635
Impaired Financing Receivable, Related Reserve	260	252
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no related reserve, Recorded Investment	1,418	1,373
Impaired loans with a reserve recorded, Recorded Investment	75	75
Impaired loans with no related reserve, Unpaid Principal Balance	1,469	1,404
Impaired loans with a reserve recorded, Unpaid Principal Balance	75	75
Total impaired loans, Recorded Investment	1,493	1,448
Total impaired loans, Unpaid Principal Balance	1,544	1,479
Impaired Financing Receivable, Related Reserve	$ 75	$ 75

XML

Loans and Leases - Average Recorded Investment in Impaired Loans and Leases and Analysis of Interest on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 26,323	$ 31,112
Interest Income Recognized	8	218
Additional Interest Income That Would Have Been Recognized Under Original Terms	377	409
Interest income, cash basis for nonaccrual loans	3	6
Interest income, accrual method	5	212
Commercial, Financial and Agricultural [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	3,650	7,703
Interest Income Recognized	5	40
Additional Interest Income That Would Have Been Recognized Under Original Terms	54	77
Real Estate-Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	18,245	19,916
Interest Income Recognized	3	172
Additional Interest Income That Would Have Been Recognized Under Original Terms	254	287
Real Estate-Construction [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	106	183
Interest Income Recognized	0	0
Additional Interest Income That Would Have Been Recognized Under Original Terms	1	2
Real Estate-Residential Secured for Business Purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,277	2,217
Interest Income Recognized	0	5
Additional Interest Income That Would Have Been Recognized Under Original Terms	20	24
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,619	544
Interest Income Recognized	0	1
Additional Interest Income That Would Have Been Recognized Under Original Terms	25	11
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,426	549
Interest Income Recognized	0	0
Additional Interest Income That Would Have Been Recognized Under Original Terms	$ 23	$ 8

XML

Loans and Leases - Troubled Debt Restructured Loans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) loan	Mar. 31, 2018 USD ($) loan
Accrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	0	0
Pre- Restructuring Outstanding Recorded Investment	$ 0	$ 0
Post- Restructuring Outstanding Recorded Investment	0	0
Related Allowance	$ 0	$ 0
Nonaccrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	3	0
Pre- Restructuring Outstanding Recorded Investment	$ 2,269	$ 0
Post- Restructuring Outstanding Recorded Investment	2,269	0
Related Allowance	$ 0	$ 0
Commercial, Financial and Agricultural [Member] | Nonaccrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	2	0
Pre- Restructuring Outstanding Recorded Investment	$ 956	$ 0
Post- Restructuring Outstanding Recorded Investment	956	0
Related Allowance	$ 0	$ 0
Real Estate-Commercial [Member] | Nonaccrual Troubled Debt Restructuring Loans [Member]
Financing Receivable, Modifications [Line Items]
Number of Loans | loan	1	0
Pre- Restructuring Outstanding Recorded Investment	$ 1,313	$ 0
Post- Restructuring Outstanding Recorded Investment	1,313	0
Related Allowance	$ 0	$ 0

XML

Loans and Leases - Concessions Granted on Accruing and Nonaccrual Loans Restructured (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) loan	Mar. 31, 2018 USD ($) loan
Accrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	0
Financing Receivable Modifications Recorded Investments | $	$ 0	$ 0
Accrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	0	0
Financing Receivable Modifications Recorded Investments | $	$ 0	$ 0
Nonaccrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	3	0
Financing Receivable Modifications Recorded Investments | $	$ 2,269	$ 0
Nonaccrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	3	0
Financing Receivable Modifications Recorded Investments | $	$ 2,269	$ 0
Commercial, Financial and Agricultural [Member] | Nonaccrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	2	0
Financing Receivable Modifications Recorded Investments | $	$ 956
Commercial, Financial and Agricultural [Member] | Nonaccrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	2
Financing Receivable Modifications Recorded Investments | $	$ 956
Real Estate-Commercial [Member] | Nonaccrual Troubled Debt Restructuring Loans [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	1	0
Financing Receivable Modifications Recorded Investments | $	$ 1,313
Real Estate-Commercial [Member] | Nonaccrual Troubled Debt Restructuring Loans [Member] | Amortization Period Extension [Member]
Concessions granted on accruing and non-accrual loans restructured
No. of Loans | loan	1
Financing Receivable Modifications Recorded Investments | $	$ 1,313

XML

Loans and Leases - Accruing and Nonaccruing Troubled Debt Restructured Loans with Payment Defaults (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) loan	Mar. 31, 2018 USD ($) loan
Accrual Troubled Debt Restructuring Loans [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans | loan	0	0
Recorded Investment | $	$ 0	$ 0
Nonaccrual Troubled Debt Restructuring Loans [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans | loan	0	1
Recorded Investment | $	$ 0	$ 953
Nonaccrual Troubled Debt Restructuring Loans [Member] | Commercial, Financial and Agricultural [Member]
Accruing and nonaccrual troubled debt restructured loans with payment default
Number of Loans | loan	0	1
Recorded Investment | $	$ 0	$ 953

XML

Loans and Leases - Mortgages in Process of Foreclosure (Details) - Residential Real Estate [Member] - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Financing Receivable, Modifications [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	$ 1,697	$ 1,697
Real Estate Residential Secured For Personal Purpose [Member]
Financing Receivable, Modifications [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	563	563
Real Estate-Home Equity Secured for Personal Purpose [Member]
Financing Receivable, Modifications [Line Items]
Mortgage Loans in Process of Foreclosure, Amount	$ 1,134	$ 1,134

XML

Loans and Leases - Foreclosed Residential Real Estate (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Foreclosed residential real estate	$ 0	$ 0

XML

Loans and Leases - Lease Payments Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
2019 (excluding the three months ended March 31, 2019)	$ 42,206	$ 55,201
2020	46,128	43,355
2021	32,719	29,678
2022	20,447	17,687
2023	8,895	6,674
Thereafter	2,647	1,975
Total future minimum lease payments receivable	153,042	154,570
Unguaranteed residual	672	600
Initial direct costs	1,877	1,904
Capital Leases, Future Minimum Payments Receivable, Unearned Income	(15,082)	(15,118)
Lease financings	$ 140,509	$ 141,956

XML

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Mortgage Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of servicing rights	$ 10,300	$ 11,500
Range of discount rates used for valuation of mortgage servicing rights	10.00%	10.00%
SBA Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of servicing rights	$ 62	$ 42

XML

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 172,559
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	172,559
Banking [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	138,476
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	138,476
Wealth Management [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	15,434
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	15,434
Insurance [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	18,649
Goodwill, Acquired During Period	0
Goodwill, Ending Balance	$ 18,649

XML

Goodwill and Other Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 33,246	$ 37,193
Accumulated Amortization	21,716	25,203
Net Carrying Amount	11,530	11,990
Covenants Not To Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	0	710
Accumulated Amortization	0	710
Net Carrying Amount	0	0
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	6,788	6,788
Accumulated Amortization	3,376	3,143
Net Carrying Amount	3,412	3,645
Customer Related Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,819	12,381
Accumulated Amortization	7,426	10,804
Net Carrying Amount	1,393	1,577
Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	17,639	17,314
Accumulated Amortization	10,914	10,546
Net Carrying Amount	$ 6,725	$ 6,768

XML

Goodwill and Other Intangible Assets - Estimated Amortization Expense for Core Deposit and Customer Related Intangibles (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2019	$ 1,148
2020	1,200
2021	923
2022	666
2023	409
Thereafter	$ 459

XML

Goodwill and Other Intangible Assets - Changes in Servicing Rights (Details) - Servicing Rights [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Beginning of period	$ 6,768	$ 6,573
Servicing rights capitalized	266	337
Amortization of servicing rights	(309)	(305)
End of period	6,725	6,605
Residential mortgage and SBA loans serviced for others	$ 1,037,948	$ 1,012,677

XML

Goodwill and Other Intangible Assets - Estimated Amortization Expense of Servicing Rights (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Finite-Lived Intangible Assets [Line Items]
Remainder of 2019	$ 1,148
2020	1,200
2021	923
2022	666
2023	409
Thereafter	459
Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Remainder of 2019	1,017
2020	883
2021	759
2022	650
2023	555
Thereafter	$ 2,861

XML

Deposits - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Aggregate amount of time deposits in denominations of $100 thousand or more	$ 252.4	$ 283.4
Aggregate amount of time deposits in denominations over $250 thousand	$ 102.1	$ 129.5

XML

Deposits - Schedule of Components of Weighted Average Interest Rate and Balance of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Weighted Average Rate Domestic Deposit Liabilities [Abstract]
Noninterest-bearing deposits	0.00%	0.00%
Demand deposits	1.17%	1.01%
Savings deposits	0.45%	0.33%
Time Deposits	1.86%	1.76%
Deposits	0.81%	0.73%
Deposits
Noninterest-bearing deposits	$ 1,103,674	$ 1,055,919
Demand deposits	1,441,540	1,377,171
Savings deposits	819,255	782,766
Time deposits	638,684	670,077
Total deposits	$ 4,003,153	$ 3,885,933

XML

Deposits - Schedule of Maturities of Time Deposits (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Banking and Thrift [Abstract]
Remainder of 2019	$ 285,656
2020	167,034
2021	66,896
2022	37,394
2023	72,105
Thereafter	9,599
Time deposits	$ 638,684	$ 670,077

XML

Borrowings - Additional Information (Detail) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,700,000,000
Outstanding short term letters of credit	336,900,000	$ 347,500,000
Amount of maintained federal fund lines of credit with correspondent banks	367,000,000	367,000,000
Investment securities collateral for Federal Reserve Bank Discount Window Lending program	104,900,000	69,500,000
Outstanding amount of federal fund line of credit with Federal Reserve Bank of Philadelphia	0	0
Amount of maintained line of credit with correspondent bank - parent company	10,000,000
Outstanding amount of line of credit with correspondent bank - parent company	0	$ 0
Securities Sold under Agreements to Repurchase [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Long-term debt with variable interest rate	$ 20,300,000

XML

Borrowings - Summary of Borrowings By Type (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 73,185	$ 189,768
Balance at End of Period	145,263	145,330
Federal Home Loan Bank Advances [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 125,000	$ 125,000
Weighted Average Interest Rate	1.92%	1.92%
Securities Sold under Agreements to Repurchase [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 20,263	$ 20,330
Weighted Average Interest Rate	2.83%	2.71%
Subordinated Debt [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 94,635	$ 94,574
Weighted Average Interest Rate	5.33%	5.33%
Federal Home Loan Bank Advances [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 0	$ 108,300
Weighted Average Interest Rate	0.00%	2.62%
Federal Funds Purchased [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 55,000	$ 60,000
Weighted Average Interest Rate	2.55%	2.60%
Securities Sold under Agreements to Repurchase [Member]
Schedule of Borrowings [Line Items]
Balance at End of Period	$ 18,185	$ 21,468
Weighted Average Interest Rate	0.05%	0.05%

XML

Borrowings - Schedule of Maturities of Long-term FHLB Advances (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Remainder of 2019	$ 10,000
2020	40,000
2021	55,000
2022	10,000
2023	10,000
Thereafter	0
Total Advances	$ 125,000
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
Remainder of 2019 Weighted average interest rate	1.35%
2020 Weighted average interest rate	1.70%
2021 Weighted average interest rate	1.94%
2022 Weighted average interest rate	2.09%
2023 Weighted average interest rate	3.02%
Thereafter Weighted average interest rate	0.00%
Weighted average interest rate	1.92%

XML

Borrowings - Schedule of Maturities of Other Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Long-term Debt, Fiscal Year Maturity [Abstract]
Balance at End of Period	$ 145,263	$ 145,330
Securities Sold under Agreements to Repurchase [Member]
Long-term Debt, Fiscal Year Maturity [Abstract]
Remainder of 2019	10,076
2020	10,187
2021	0
2022	0
2023	0
Thereafter	0
Balance at End of Period	$ 20,263	$ 20,330
Long-term Debt, Other Disclosures [Abstract]
Remainder of 2019 Weighted average interest rate	2.83%
2020 Weighted average interest rate	2.82%
2021 Weighted average interest rate	0.00%
2022 Weighted average interest rate	0.00%
2023 Weighted average interest rate	0.00%
Thereafter Weighted average interest rate	0.00%
Weighted average interest rate	2.83%	2.71%

XML

Retirement Plans and Other Postretirement Benefits - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Employee hire date no longer eligible for noncontributory retirement plan	Dec. 08, 2009
Other Post Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions for next fiscal year		$ 89
Defined benefit plan, contributions by employer	$ 26
Defined benefit plan, benefits paid	26
Nonqualified Plan [Member] | Retirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions for next fiscal year		$ 157
Defined benefit plan, contributions by employer	40
Defined benefit plan, benefits paid	$ 647

XML

Retirement Plans and Other Postretirement Benefits - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Retirement Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 109	$ 140
Interest cost	476	441
Expected return on plan assets	(771)	(796)
Amortization of net actuarial loss	294	280
Accretion of prior service cost	(45)	(71)
Net periodic benefit cost (income)	63	(6)
Other Post Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	17	22
Interest cost	23	23
Expected return on plan assets	0	0
Amortization of net actuarial loss	0	1
Accretion of prior service cost	0	0
Net periodic benefit cost (income)	$ 40	$ 46

XML

Stock-Based Incentive Plan - Status of Options Granted Under Long-Term Incentive Plan (Detail) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) $ / shares shares
Shares Under Option
Shares Under Option, Outstanding, Beginning balance | shares	597,405
Shares Under Option, Expired | shares	(7,756)
Shares Under Option, Forfeited | shares	(6,500)
Shares Under Option, Exercised | shares	(30,500)
Share Under Option, Outstanding, Ending balance | shares	552,649
Shares Under Options, Exercisable at March 31, 2019 | shares	384,220
Weighted Average Exercise Price Per Share [Abstract]
Weighted Average Exercise Price Per Share, Outstanding, Beginning balance | $ / shares	$ 23.98
Weighted Average Exercise Price Per Share, Expired | $ / shares	22.99
Weighted Average Exercise Price Per Share, Forfeited | $ / shares	25.53
Weighted Average Exercise Price Per Share, Exercised | $ / shares	17.06
Weighted Average Exercise Price Per Share, Outstanding, Ending balance | $ / shares	24.36
Weighted Average Exercise Price Per Share, Exercisable at March 31, 2019 | $ / shares	$ 22.65
Weighted Average Remaining Contractual Life, Outstanding at March 31, 2019	7 years 2 months 12 days
Weighted Average Remaining Contractual Life, Exercisable at March 31, 2019	6 years 7 months 6 days
Aggregate Intrinsic Value, Outstanding at March 31, 2019 | $	$ 1,321
Aggregate Intrinsic Value, Exercisable at March 31, 2019 | $	$ 1,312

XML

Stock-Based Incentive Plan - Summary of Nonvested Stock Options (Details)	3 Months Ended
	Mar. 31, 2019 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]
Nonvested Stock Options, Beginning balance | shares	344,230
Nonvested Stock Options, Vested | shares	(169,301)
Nonvested Stock Options, Forfeited | shares	(6,500)
Nonvested Stock Options, Ending balance | shares	168,429
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 6.48
Weighted Average Grant Date Fair Value, Vested | $ / shares	6.44
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	6.40
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 6.52

XML

Stock-Based Incentive Plan - Aggregated Assumptions Used to Estimate Fair Value of Options Granted (Detail)	3 Months Ended
	Mar. 31, 2018 $ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected option life in years	6 years 7 months 6 days
Risk free interest rate	2.80%
Expected dividend yield	2.81%
Expected volatility	27.15%
Fair value of options	$ 6.46

XML

Stock-Based Incentive Plan - Summary of Nonvested Restricted Stock Awards and Units (Detail)	3 Months Ended
	Mar. 31, 2019 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested Share Awards, Beginning balance | shares	157,579
Nonvested Share Awards and Units, Granted | shares	113,729
Nonvested Share Awards and Units, Vested | shares	(32,965)
Nonvested Share Awards and Units, Cancelled | shares	(17,349)
Nonvested Share Awards and Units, Ending balance | shares	220,994
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 25.33
Weighted Average Grant Date Fair Value, Granted | $ / shares	25.66
Weighted Average Grant Date Fair Value, Vested | $ / shares	21.86
Weighted Average Grant Date Fair Value, Cancelled | $ / shares	19.68
Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 26.46

XML

Stock-Based Incentive Plan - Certain Information Regarding Restricted Stock Awards and Units (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares and units granted	113,729
Weighted average grant date fair value	$ 25.66
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares and units granted		59,953
Weighted average grant date fair value		$ 28.39
Intrinsic value of awards vested		$ 1,193
Restricted Stock Awards and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares and units granted	113,729
Weighted average grant date fair value	$ 25.66
Intrinsic value of awards vested	$ 809

XML

Stock-Based Incentive Plan - Schedule of Unrecognized Compensation Cost, Nonvested Awards and Units (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 5,113
Weighted-Average Period Remaining (Years)	2 years 3 months 18 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 965
Weighted-Average Period Remaining (Years)	1 year 7 months 6 days
Restricted Stock Awards and Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 4,148
Weighted-Average Period Remaining (Years)	2 years 4 months 24 days

XML

Stock-Based Incentive Plan - Compensation Expense Related to Stock Incentive Plans Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Stock-based compensation expense:
Total Expense	$ 594	$ 862
Tax benefit on nonqualified stock option expense, restricted stock awards and disqualifying dispositions of incentive stock options	165	243
Stock Options [Member]
Stock-based compensation expense:
Total Expense	216	228
Restricted Stock [Member]
Stock-based compensation expense:
Total Expense		619
Restricted Stock Awards and Restricted Stock Units [Member]
Stock-based compensation expense:
Total Expense	361
Employee Stock Purchase Plan [Member]
Stock-based compensation expense:
Total Expense	$ 17	$ 15

XML

Accumulated Other Comprehensive (Loss) Income - Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance		$ (28,416)	$ (17,771)
Net Change		4,095	(4,666)
Ending balance		(24,238)	(26,791)
Accounting Standards Update 2017-12
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	[1]			$ 0
Accounting Standards Update 2016-01
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					$ 0
Accounting Standards Update 2018-02
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					0
Net Unrealized Holding (Losses) Gains on Available-for-Sale Investment Securities [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance		(11,221)	(4,061)
Net Change		4,044	(5,015)
Ending balance		(7,177)	(10,477)
Net Unrealized Holding (Losses) Gains on Available-for-Sale Investment Securities [Member] | Accounting Standards Update 2017-12
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	[2]			0
Net Unrealized Holding (Losses) Gains on Available-for-Sale Investment Securities [Member] | Accounting Standards Update 2016-01
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					(433)
Net Unrealized Holding (Losses) Gains on Available-for-Sale Investment Securities [Member] | Accounting Standards Update 2018-02
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					(968)
Net Change Related to Derivative Used for Cash Flow Hedge [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance		81	9
Net Change		(145)	183
Ending balance		19	194
Net Change Related to Derivative Used for Cash Flow Hedge [Member] | Accounting Standards Update 2017-12
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	[2]			83
Net Change Related to Derivative Used for Cash Flow Hedge [Member] | Accounting Standards Update 2016-01
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					0
Net Change Related to Derivative Used for Cash Flow Hedge [Member] | Accounting Standards Update 2018-02
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					2
Net Change Related to Defined Benefit Pension Plan [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning balance		(17,276)	(13,719)
Net Change		196	166
Ending balance		(17,080)	(16,508)
Net Change Related to Defined Benefit Pension Plan [Member] | Accounting Standards Update 2017-12
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	[2]			0
Net Change Related to Defined Benefit Pension Plan [Member] | Accounting Standards Update 2016-01
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					0
Net Change Related to Defined Benefit Pension Plan [Member] | Accounting Standards Update 2018-02
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					(2,955)
Accumulated Other Comprehensive (Loss) Income [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Net Change		$ 4,095	$ (4,666)
Accumulated Other Comprehensive (Loss) Income [Member] | Accounting Standards Update 2017-12
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	[1],[2]			$ 83
Accumulated Other Comprehensive (Loss) Income [Member] | Accounting Standards Update 2016-01
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					(433)
Accumulated Other Comprehensive (Loss) Income [Member] | Accounting Standards Update 2018-02
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption					$ (3,921)

[1] (1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

[2] (1) See Note 1, "Summary of Significant Accounting Policies - Accounting Pronouncements Adopted in 2019" for additional information.

XML

Derivative Instruments and Hedging Activities - Narrative (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2019 USD ($) instrument	Dec. 31, 2014 USD ($)	Dec. 31, 2018 USD ($)
Derivative [Line Items]
Loans receivable with fixed rates of interest maturity period		10 years
Loans receivable with fixed rates		$ 29,100,000
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 18,216,000		$ 18,422,000
Derivative Assets	24,000		189,000
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	195,226,000		167,549,000
Derivative Assets	$ 455,000		490,000
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Loans receivable with fixed rates of interest maturity period	15 years
Derivative fixed interest rate	7.43%
Notional Amount	$ 390,000		418,000
Loans receivable fixed interest rate (percentage)	7.43%
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Derivative Assets	$ 0		0
Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 150,118,000		122,410,000
Derivative number of instruments held | instrument	22
Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Derivative Assets	$ 0		0
Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Underlying derivative at fair value	79,000
Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative asset notional amount		$ 20,000,000
Derivative fixed interest rate		2.10%
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months	81,000
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	16,881,000		17,076,000
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Derivative Assets	$ 24,000		185,000
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Loans receivable with fixed rates of interest maturity period	10 years
Derivative fixed interest rate	5.83%
Notional Amount	$ 1,335,000		1,346,000
Loans receivable fixed interest rate (percentage)	5.83%
Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Derivative Assets	$ 0		$ 4,000
Minimum [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative remaining maturity	1 year
Maximum [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative remaining maturity	10 years
One-Month LIBOR [Member] | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative basis spread on variable rate	2.24%
One-Month LIBOR [Member] | Fair Value Hedging [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative basis spread on variable rate	3.50%
Paying [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	$ 87,700,000
Receiving [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional Amount	62,400,000
Customer [Member] | Credit Risk Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Underlying derivative at fair value	$ 2,765,000

XML

Derivative Instruments and Hedging Activities - Derivatives Designated as Hedging Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in other comprehensive income (loss)	$ (168)	$ 212
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	18,216		$ 18,422
Derivative Assets	24		189
Derivative Liabilities	4		0
Net loss	17	(20)
Gain (loss) recognized in other comprehensive income (loss)	19		80
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	16,881		17,076
Gain (loss) recognized in other comprehensive income (loss)	19		80
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net loss	(16)	20
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Assets	24		185
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Other Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liabilities	0		0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional Amount	1,335		1,346
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | Interest Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Net loss	1	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | Other Assets [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Assets	0		4
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member] | Other Liabilities [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Liabilities	$ 4		$ 0

XML

Derivative Instruments and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Detail) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	$ 195,226		$ 167,549
Derivative Assets	455		490
Derivative Liabilities	219		242
Derivative instruments not designated as hedging instruments gain (loss), net	258	$ (177)
Interest Rate Swap [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	390		418
Interest Rate Swap [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	0		0
Interest Rate Swap [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	19		20
Credit Risk Contract [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	150,118		122,410
Credit Risk Contract [Member] | Other Noninterest Income [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	264	4
Credit Risk Contract [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	0		0
Credit Risk Contract [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	79		72
Interest Rate Locks with Customers [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	21,904		21,494
Interest Rate Locks with Customers [Member] | Mortgage Banking Activities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	(35)	(132)
Interest Rate Locks with Customers [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	455		490
Interest Rate Locks with Customers [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	0		0
Forward Loan Sale Commitments [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Notional Amount	22,814		23,227
Forward Loan Sale Commitments [Member] | Mortgage Banking Activities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative instruments not designated as hedging instruments gain (loss), net	29	$ (49)
Forward Loan Sale Commitments [Member] | Other Assets [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Assets	0		0
Forward Loan Sale Commitments [Member] | Other Liabilities [Member]
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items]
Derivative Liabilities	$ 121		$ 150

XML

Fair Value Disclosures - Narrative (Details)	3 Months Ended
	Mar. 31, 2019 USD ($) loan property	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustment of Contingent Consideration	$ 9,000	$ 17,000
Valuation adjustments for loans held for sale	0	0
Carrying value of impaired loans and leases held for investment	26,002,000		$ 26,581,000
Valuation allowance of impaired loans held for investment	1,503,000		1,415,000
Servicing rights carrying amount before valuation allowance	6,700,000		6,726,000
Servicing rights valuation allowance	0		0
Impaired loans with no related reserve, Recorded Investment	$ 11,848,000		13,174,000
Other Real Estate, Number of Properties Sold | property	1
Proceeds from sales of other real estate owned	$ 599,000	0
Other real estate owned	540,000		1,187,000
Girard Partners [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Adjustment of Contingent Consideration	9,000	$ 17,000
Held for Investment [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of impaired loans and leases held for investment	24,500,000
Valuation allowance of impaired loans held for investment	1,503,000		1,400,000
Lease Financings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Valuation allowance of impaired loans held for investment			0
Impaired loans with no related reserve, Recorded Investment	$ 0		$ 0
Interest Rate Swap [Member] | Derivative Financial Instruments, Liabilities [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of loans with unrealized gain | loan	2
Unrealized gain on loans	$ 28,000

XML

Fair Value Disclosures - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Assets:
Investments in equity securities	$ 2,765	$ 2,165
Total assets	1,748		$ 1,895
Fair Value Measured on Recurring Basis [Member]
Assets:
Total available-for-sale securities	315,648	328,507
Investments in equity securities	2,765
Investments in equity securities		2,165
Loans	1,748	1,779
Total assets	320,640	333,130
Liabilities:
Total liabilities	458	501
Fair Value Measured on Recurring Basis [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	235	259
Fair Value Measured on Recurring Basis [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	23	20
Fair Value Measured on Recurring Basis [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	79	72
Fair Value Measured on Recurring Basis [Member] | Forward Loan Sale Commitments [Member]
Liabilities:
Derivative liabilities	121	150
Fair Value Measured on Recurring Basis [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	10,323	15,315
Fair Value Measured on Recurring Basis [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	61,974	65,415
Fair Value Measured on Recurring Basis [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	147,765	151,762
Fair Value Measured on Recurring Basis [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	2,786	2,888
Fair Value Measured on Recurring Basis [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	92,800	93,127
Fair Value Measured on Recurring Basis [Member] | Money Market Mutual Funds [Member]
Assets:
Investments in equity securities	1,838
Investments in equity securities		1,241
Fair Value Measured on Recurring Basis [Member] | Equity Securities [Member]
Assets:
Investments in equity securities	927
Investments in equity securities		924
Fair Value Measured on Recurring Basis [Member] | Interest Rate Swap [Member]
Assets:
Derivative assets	24
Liabilities:
Derivative liabilities		189
Fair Value Measured on Recurring Basis [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	455	490
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member]
Assets:
Total available-for-sale securities	0	0
Investments in equity securities	2,765
Investments in equity securities		2,165
Loans	0	0
Total assets	2,765	2,165
Liabilities:
Total liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Forward Loan Sale Commitments [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Money Market Mutual Funds [Member]
Assets:
Investments in equity securities	1,838
Investments in equity securities		1,241
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Equity Securities [Member]
Assets:
Investments in equity securities	927
Investments in equity securities		924
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Interest Rate Swap [Member]
Assets:
Derivative assets	0
Liabilities:
Derivative liabilities		0
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member]
Assets:
Total available-for-sale securities	289,009	302,778
Investments in equity securities	0
Investments in equity securities		0
Loans	0	0
Total assets	289,488	303,457
Liabilities:
Total liabilities	144	170
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	23	20
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Forward Loan Sale Commitments [Member]
Liabilities:
Derivative liabilities	121	150
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	10,323	15,315
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	61,974	65,415
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	147,765	151,762
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	2,786	2,888
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	66,161	67,398
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Money Market Mutual Funds [Member]
Assets:
Investments in equity securities	0
Investments in equity securities		0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Equity Securities [Member]
Assets:
Investments in equity securities	0
Investments in equity securities		0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Interest Rate Swap [Member]
Assets:
Derivative assets	24
Liabilities:
Derivative liabilities		189
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	455	490
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member]
Assets:
Total available-for-sale securities	26,639	25,729
Investments in equity securities	0
Investments in equity securities		0
Loans	1,748	1,779
Total assets	28,387	27,508
Liabilities:
Total liabilities	314	331
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Contingent Consideration Liability [Member]
Liabilities:
Derivative liabilities	235	259
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Interest Rate Swap [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Credit Risk Contract [Member]
Liabilities:
Derivative liabilities	79	72
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Forward Loan Sale Commitments [Member]
Liabilities:
Derivative liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | U.S. Government Corporations and Agencies [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | State and Political Subdivisions [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Residential Mortgage-Backed Securities [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Collateralized Mortgage Obligations [Member]
Assets:
Total available-for-sale securities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Corporate Bonds [Member]
Assets:
Total available-for-sale securities	26,639	25,729
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Money Market Mutual Funds [Member]
Assets:
Investments in equity securities	0
Investments in equity securities		0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Equity Securities [Member]
Assets:
Investments in equity securities	0
Investments in equity securities		0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Interest Rate Swap [Member]
Assets:
Derivative assets	0
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member] | Interest Rate Locks with Customers [Member]
Assets:
Derivative assets	$ 0	$ 0

XML

Fair Value Disclosures - Level 3 Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Net Asset (Liability) Value [Roll Forward]
Beginning balance	$ 27,436	$ 29,908
Purchases/additions	(271)	0
Sales	0	0
Payments received	(39)	(37)
Premium amortization, net	0	0
Increase (decrease) in value	1,182	(1,085)
Ending balance	28,308	28,786
Derivative Financial Instruments, Liabilities [Member] | Credit Risk Contract [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	(72)	(36)
Purchases/additions	(271)	0
Sales	0	0
Payments received	0	0
Premium amortization, net	0	0
Increase (decrease) in value	264	5
Ending balance	(79)	(31)
Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	25,729	27,986
Purchases/additions	0	0
Sales	0	0
Payments received	0	0
Premium amortization, net	0	0
Increase (decrease) in value	910	(1,064)
Ending balance	26,639	26,922
Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,779	1,958
Purchases/additions	0	0
Sales	0	0
Payments received	(39)	(37)
Premium amortization, net	0	0
Increase (decrease) in value	8	(26)
Ending balance	$ 1,748	$ 1,895

XML

Fair Value Disclosures - Change in Contingent Consideration Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Change in Contingent Consideration Liability [Roll Forward]
Beginning Balance	$ 259	$ 339
Contingent Consideration from New Acquisition	0	0
Payment of Contingent Consideration	33	34
Adjustment of Contingent Consideration	9	17
Ending Balance	235	322
Girard Partners [Member]
Change in Contingent Consideration Liability [Roll Forward]
Beginning Balance	259	339
Contingent Consideration from New Acquisition	0	0
Payment of Contingent Consideration	33	34
Adjustment of Contingent Consideration	9	17
Ending Balance	$ 235	$ 322

XML

Fair Value Disclosures - Assets Measured at Fair Value on Non-recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 540	$ 1,187
Total assets	1,748		$ 1,895
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	24,499	25,166
Other real estate owned	540	1,187
Total assets	25,039	26,353
Fair Value, Measurements, Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	0	0
Other real estate owned	0	0
Total assets	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	0	0
Other real estate owned	0	0
Total assets	0	0
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans held for investment	24,499	25,166
Other real estate owned	540	1,187
Total assets	$ 25,039	$ 26,353

XML

Fair Value Disclosures - Assets, Liabilities and Off-balance Sheet Items Not Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Assets:
Held-to-maturity securities	$ 148,960	$ 141,575
Other real estate owned	540	1,187
Total assets	1,748		$ 1,895
Deposits:
Time deposits	638,684	670,077
Subordinated notes	94,635	94,574
Fair Value [Member]
Assets:
Cash and short-term interest-earning assets	66,141	109,420
Held-to-maturity securities	148,960	141,575
Loans held for sale	948	1,798
Net loans and leases held for investment	4,020,771	3,924,329
Servicing rights	10,362	11,496
Total assets	4,247,182	4,188,618
Deposits:
Demand and savings deposits, non-maturity	3,364,469	3,215,856
Time deposits	635,255	664,738
Total deposits	3,999,724	3,880,594
Short-term borrowings	73,185	189,768
Long-term debt	144,717	144,021
Subordinated notes	96,394	95,113
Total liabilities	4,314,020	4,309,496
Off-Balance-Sheet:
Commitments to extend credit	(7,988)	(2,516)
Fair Value [Member] | Level 1 [Member]
Assets:
Cash and short-term interest-earning assets	66,141	109,420
Held-to-maturity securities	0	0
Loans held for sale	0	0
Net loans and leases held for investment	0	0
Servicing rights	0	0
Total assets	66,141	109,420
Deposits:
Demand and savings deposits, non-maturity	3,364,469	3,215,856
Time deposits	0	0
Total deposits	3,364,469	3,215,856
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated notes	0	0
Total liabilities	3,364,469	3,215,856
Off-Balance-Sheet:
Commitments to extend credit	0	0
Fair Value [Member] | Level 2 [Member]
Assets:
Cash and short-term interest-earning assets	0	0
Held-to-maturity securities	148,960	141,575
Loans held for sale	948	1,798
Net loans and leases held for investment	0	0
Servicing rights	0	0
Total assets	149,908	143,373
Deposits:
Demand and savings deposits, non-maturity	0	0
Time deposits	635,255	664,738
Total deposits	635,255	664,738
Short-term borrowings	73,185	189,768
Long-term debt	144,717	144,021
Subordinated notes	96,394	95,113
Total liabilities	949,551	1,093,640
Off-Balance-Sheet:
Commitments to extend credit	(7,988)	(2,516)
Fair Value [Member] | Level 3 [Member]
Assets:
Cash and short-term interest-earning assets	0	0
Held-to-maturity securities	0	0
Loans held for sale	0	0
Net loans and leases held for investment	4,020,771	3,924,329
Servicing rights	10,362	11,496
Total assets	4,031,133	3,935,825
Deposits:
Demand and savings deposits, non-maturity	0	0
Time deposits	0	0
Total deposits	0	0
Short-term borrowings	0	0
Long-term debt	0	0
Subordinated notes	0	0
Total liabilities	0	0
Off-Balance-Sheet:
Commitments to extend credit	0	0
Carrying Amount [Member]
Assets:
Cash and short-term interest-earning assets	66,141	109,420
Held-to-maturity securities	148,470	142,634
Federal Home Loan Bank, Federal Reserve Bank and other stock	32,699	28,337
Loans held for sale	921	1,754
Net loans and leases held for investment	4,010,030	3,950,265
Servicing rights	6,725	6,768
Total assets	4,264,986	4,239,178
Deposits:
Demand and savings deposits, non-maturity	3,364,469	3,215,856
Time deposits	638,684	670,077
Total deposits	4,003,153	3,885,933
Short-term borrowings	73,185	189,768
Long-term debt	145,263	145,330
Subordinated notes	94,635	94,574
Total liabilities	4,316,236	4,315,605
Off-Balance-Sheet:
Commitments to extend credit	0	0
Fair Value Measured on Recurring Basis [Member]
Assets:
Net loans and leases held for investment	1,748	1,779
Total assets	320,640	333,130
Deposits:
Total liabilities	458	501
Fair Value Measured on Recurring Basis [Member] | Level 1 [Member]
Assets:
Net loans and leases held for investment	0	0
Total assets	2,765	2,165
Deposits:
Total liabilities	0	0
Fair Value Measured on Recurring Basis [Member] | Level 2 [Member]
Assets:
Net loans and leases held for investment	0	0
Total assets	289,488	303,457
Deposits:
Total liabilities	144	170
Fair Value Measured on Recurring Basis [Member] | Level 3 [Member]
Assets:
Net loans and leases held for investment	1,748	1,779
Total assets	28,387	27,508
Deposits:
Total liabilities	$ 314	$ 331

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Segment Reporting - Schedule of Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) segment	Mar. 31, 2018 USD ($)	Dec. 31, 2018 USD ($)
Segment Reporting [Abstract]
Reportable business segments | segment	3
Segment Reporting Information [Line Items]
Total assets	$ 5,035,527	$ 4,613,959	$ 4,984,347
Interest income	52,364	43,534
Interest expense	10,841	6,262
Net interest income	41,523	37,272
Provision for loan and lease losses	2,685	2,053
Noninterest income	16,297	15,582
Intangible expenses	426	612
Restructuring charges		571
Other noninterest expense	35,131	33,942
Intersegment (revenue) expense	0	0
Income before income taxes	19,578	15,676
Income tax expense	3,499	2,826
Net income	16,079	12,850
Capital expenditures	850	1,081
Banking [Member]
Segment Reporting Information [Line Items]
Total assets	4,942,539	4,519,423	4,895,732
Interest income	52,346	43,522
Interest expense	9,580	5,001
Net interest income	42,766	38,521
Provision for loan and lease losses	2,685	2,053
Noninterest income	4,971	4,789
Intangible expenses	233	329
Restructuring charges		571
Other noninterest expense	27,779	27,661
Intersegment (revenue) expense	(299)	(291)
Income before income taxes	17,339	12,987
Income tax expense	3,120	1,998
Net income	14,219	10,989
Capital expenditures	765	970
Wealth Management [Member]
Segment Reporting Information [Line Items]
Total assets	40,910	36,848	39,090
Interest income	10	5
Interest expense	0	0
Net interest income	10	5
Provision for loan and lease losses	0	0
Noninterest income	5,720	5,740
Intangible expenses	105	142
Restructuring charges		0
Other noninterest expense	3,794	3,658
Intersegment (revenue) expense	166	153
Income before income taxes	1,665	1,792
Income tax expense	314	545
Net income	1,351	1,247
Capital expenditures	39	49
Insurance [Member]
Segment Reporting Information [Line Items]
Total assets	31,837	28,651	30,117
Interest income	0	0
Interest expense	0	0
Net interest income	0	0
Provision for loan and lease losses	0	0
Noninterest income	5,353	5,086
Intangible expenses	88	141
Restructuring charges		0
Other noninterest expense	3,126	3,245
Intersegment (revenue) expense	133	138
Income before income taxes	2,006	1,562
Income tax expense	193	456
Net income	1,813	1,106
Capital expenditures	25	7
Other Segments [Member]
Segment Reporting Information [Line Items]
Total assets	20,241	29,037	$ 19,408
Interest income	8	7
Interest expense	1,261	1,261
Net interest income	(1,253)	(1,254)
Provision for loan and lease losses	0	0
Noninterest income	253	(33)
Intangible expenses	0	0
Restructuring charges		0
Other noninterest expense	432	(622)
Intersegment (revenue) expense	0	0
Income before income taxes	(1,432)	(665)
Income tax expense	(128)	(173)
Net income	(1,304)	(492)
Capital expenditures	$ 21	$ 55

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Leases - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating lease, options to extend	Most leases include one or more options to renew, with renewal terms generally containing one or more five-year renewal options.
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term	24 years

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Leases - Schedule of Operating Lease Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Leases [Abstract]
Lease cost	$ 947
Operating cash flows from leases	$ 873
Weighted-average remaining lease term in years	15 years 4 months 24 days
Weighted-average discount rate	4.23%

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Leases - Schedule of Maturity of Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Remainder of 2019	$ 2,663
2020	3,632
2021	3,688
2022	3,660
2023	3,610
Thereafter	37,389
Total lease payments	54,642
Less: imputed interest	(15,540)
Present value of lease liabilities	$ 39,102	$ 0

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Leases - Summary of Future Minimum Rental Commitments Under Non-Cancelable Operating Leases Net of Related Sublease Revenue (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Leases [Abstract]
2019	$ 3,536
2020	3,632
2021	3,688
2022	3,660
2023	3,610
Thereafter	37,389
Total	$ 55,515