Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value of Financial Instruments [Abstract]

Book Value and Estimated Fair Value of Financial Instruments

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

			Fair Value of Financial Instruments Using
December 31, 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	$	383,837	$	383,837	$	-	$	-	$	383,837
Investment Securities Available-for-Sale		807,732		15,470		792,262		-		807,732
Investment Securities Held-to-Maturity		68,933		-		26,262		43,787		70,049
Loans & Leases, Net		3,040,730		-		-		3,045,911		3,045,911
Accrued Interest Receivable		20,333		-		20,333		-		20,333
Liabilities:
Deposits		4,060,267		3,638,400		-		422,840		4,061,240
Subordinated Debentures		10,310		-		6,888		-		6,888
Accrued Interest Payable		1,383		-		1,383		-		1,383

			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