Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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
September 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	$	358,368	$	358,368	$	-	$	-	$	358,368
Investment Securities Available-for-Sale		568,536		95,460		473,076		-		568,536
Investment Securities Held-to-Maturity		69,913		-		28,244		42,811		71,055
Loans & Leases, Net		3,055,133		-		-		3,065,624		3,065,624
Accrued Interest Receivable		22,596		-		22,596		-		22,596
Liabilities:
Deposits		3,814,777		3,354,528		461,754		-		3,816,282
Subordinated Debentures		10,310		-		6,518		-		6,518
Accrued Interest Payable		1,618		-		1,618		-		1,618

			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
September 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	$	224,076	$	224,076	$	-	$	-	$	224,076
Investment Securities Available-for-Sale		492,930		130,193		359,611		3,126		492,930
Investment Securities Held-to-Maturity		60,354		-		32,183		27,333		59,516
Loans & Leases, Net		2,562,168		-		-		2,537,599		2,537,599
Accrued Interest Receivable		18,229		-		18,229		-		18,229
Liabilities:
Deposits		3,139,413		2,613,146		525,106		-		3,138,252
Subordinated Debentures		10,310		-		7,475		-		7,475
Accrued Interest Payable		2,521		-		2,521		-		2,521