Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

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
March 31, 2021 (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	$	493,407	$	493,407	$	-	$	-	$	493,407
Investment Securities Available-for-Sale		560,973		15,568		545,405		-		560,973
Investment Securities Held-to-Maturity		385,054		-		329,007		45,820		374,827
Loans & Leases, Net		3,050,836		-		-		3,061,994		3,061,994
Accrued Interest Receivable		15,220		-		15,220		-		15,220
Liabilities:
Deposits		4,241,214		3,824,638		-		417,280		4,241,918
Subordinated Debentures		10,310		-		6,870		-		6,870
Accrued Interest Payable		757		-		757		-		757

			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
March 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	$	282,960	$	282,960	$	-	$	-	$	282,960
Investment Securities Available-for-Sale		532,246		20,606		511,640		-		532,246
Investment Securities Held-to-Maturity		58,701		-		29,296		30,207		59,503
Loans & Leases, Net		2,615,285		-		-		2,605,120		2,605,120
Accrued Interest Receivable		12,541		-		12,541		-		12,541
Liabilities:
Deposits		3,255,273		2,733,525		-		524,013		3,257,538
Subordinated Debentures		10,310		-		7,415		-		7,415
Accrued Interest Payable		2,430		-		2,430		-		2,430