Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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
September 30, 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	$	870,763	$	870,763	$	-	$	-	$	870,763
Investment Securities Available-for-Sale		333,151		56,353		276,798		-		333,151
Investment Securities Held-to-Maturity		550,618		-		499,432		40,876		540,308
Loans & Leases, Net		3,079,498		-		-		3,090,187		3,090,187
Accrued Interest Receivable		18,762		-		18,762		-		18,762
Liabilities:
Deposits		4,568,394		4,174,561		-		394,158		4,568,719
Subordinated Debentures		10,310		-		6,830		-		6,830
Accrued Interest Payable		451		-		451		-		451

			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
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