Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value of Financial Instruments [Abstract]

Book Value and Estimated Fair Value of Financial Instruments

The following tables summarize the book value and estimated fair value of financial instruments for the periods indicated:

			Fair Value of Financial Instruments Using
June 30, 2020 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	371,439	$	371,439	$	-	$	-	$	371,439
Investment Securities Available-for-Sale		569,407		80,691		488,716		-		569,407
Investment Securities Held-to-Maturity		69,036		-		28,893		41,301		70,194
Loans & Leases, Net		3,009,454		-		-		3,001,079		3,001,079
Accrued Interest Receivable		18,083		-		18,083		-		18,083
Liabilities:
Deposits		3,782,033		3,250,311		533,650		-		3,783,961
Subordinated Debentures		10,310		-		6,936		-		6,936
Accrued Interest Payable		2,183		-		2,183		-		2,183

			Fair Value of Financial Instruments Using
December 31, 2019 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	294,758	$	294,758	$	-	$	-	$	294,758
Investment Securities Available-for-Sale		507,386		55,200		452,186		-		507,386
Investment Securities Held-to-Maturity		60,229		-		31,253		29,844		61,097
Loans & Leases, Net		2,618,015		-		-		2,584,805		2,584,805
Accrued Interest Receivable		16,733		-		16,733		-		16,733
Liabilities:
Deposits		3,278,019		2,760,097		517,172		-		3,277,269
Subordinated Debentures		10,310		-		7,325		-		7,325
Accrued Interest Payable		2,795		-		2,795		-		2,795

			Fair Value of Financial Instruments Using
June 30, 2019 (in thousands)	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Estimated Fair Value
Assets:
Cash and Cash Equivalents	$	114,717	$	114,717	$	-	$	-	$	114,717
Investment Securities Available-for-Sale		488,093		175,111		308,683		4,299		488,093
Investment Securities Held-to-Maturity		60,310		-		35,400		25,754		61,154
Loans & Leases, Net of Deferred Fees & Allowance		2,543,773		-		-		2,527,799		2,527,799
Accrued Interest Receivable		15,688		-		15,688		-		15,688
Liabilities:
Deposits		3,025,276		2,505,769		517,607		-		3,023,376
Subordinated Debentures		10,310		-		7,431		-		7,431
Accrued Interest Payable		2,465		-		2,465		-		2,465