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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values Estimated fair values as of the periods indicated are as follows:
 March 31, 2022December 31, 2021
(In Thousands)Carrying AmountFair ValueCarrying AmountFair  Value
Financial assets:  
Level 1 inputs:  
     Cash, due from banks and deposits in other banks$532,808 $532,808 $645,827 $645,827 
     Investment securities available for sale208,681 208,681 141,531 141,531 
     Marketable equity securities7,997 7,997 8,420 8,420 
Level 2 inputs:  
     Investment securities available for sale279,666 279,666 285,153 285,153 
     Investment in Federal Home Loan Bank stock3,828 3,828 3,107 3,107 
     Loans held for sale49,980 49,980 73,650 73,650 
     Accrued interest receivable7,165 7,165 6,846 6,846 
     Interest rate swaps6,531 6,531 6,030 6,030 
     Retail interest rate contracts1,055 1,055 166 166 
Level 3 inputs:  
     Investment securities held to maturity24,750 22,877 20,000 19,164 
     Loans 1,377,387 1,335,959 1,413,886 1,396,486 
     Purchased receivables, net8,552 8,552 6,987 6,987 
     Interest rate lock commitments965 965 1,387 1,387 
     Mortgage servicing rights15,42215,42213,724 13,724 
     Commercial servicing rights1,0911,0911,084 1,084 
Financial liabilities:  
Level 2 inputs:  
     Deposits$2,343,066 $2,341,812 $2,421,631 $2,422,215 
     Borrowings14,404 13,330 14,508 14,727 
     Accrued interest payable59 59 31 31 
     Interest rate swaps6,559 6,559 6,985 6,985 
Level 3 inputs:
     Junior subordinated debentures10,310 9,766 10,310 9,727 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table sets forth the balances as of the periods indicated of assets and liabilities measured at fair value on a recurring basis:
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
March 31, 2022    
Assets:
    Available for sale securities    
    U.S. Treasury and government sponsored entities$395,955 $179,192 $216,763 $— 
    Municipal securities815 — 815 — 
    Corporate bonds32,506 29,489 3,017 — 
    Collateralized loan obligations59,071 — 59,071 — 
           Total available for sale securities$488,347 $208,681 $279,666 $— 
    Marketable equity securities$7,997 $7,997 $— $— 
           Total marketable equity securities$7,997 $7,997 $— $— 
Interest rate swaps$6,531 $— $6,531 $— 
Interest rate lock commitments965 — — 965 
Mortgage servicing rights15,422 — — 15,422 
Commercial servicing rights1,091 — — 1,091 
Retail interest rate contracts1,055 — 1,055 — 
           Total other assets$25,064 $— $7,586 $17,478 
Liabilities:
Interest rate swaps$6,559 $— $6,559 $— 
           Total other liabilities$6,559 $— $6,559 $— 
December 31, 2021    
Assets:
Available for sale securities    
U.S. Treasury and government sponsored entities$341,480 $115,686 $225,794 $— 
Municipal securities840 — 840 — 
Corporate bonds32,946 25,845 7,101 — 
Collateralized loan obligations51,418 — 51,418 — 
           Total available for sale securities$426,684 $141,531 $285,153 $— 
Marketable equity securities$8,420 $8,420 $— $— 
           Total marketable securities$8,420 $8,420 $— $— 
Interest rate swaps$6,030 $— $6,030 $— 
Interest rate lock commitments1,387 — — 1,387 
Mortgage servicing rights13,724 — — 13,724 
Commercial servicing rights1,084 — — 1,084 
Retail interest rate contracts166 — 166 — 
           Total other assets$22,391 $— $6,196 $16,195 
Liabilities:
Interest rate swaps$6,985 $— $6,985 $— 
           Total other liabilities$6,985 $— $6,985 $— 
Fair Value, Assets Measured on Recurring Basis using Significant Unobservable Inputs
The following tables provide a reconciliation of the assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three-month periods ended March 31, 2022 and 2021:
(In Thousands)Beginning balanceChange included in earningsPurchases and issuancesSales and settlementsEnding balanceNet change in unrealized gains (losses) relating to items held at end of period
Three Months Ended March 31, 2022 
Interest rate lock commitments$1,387 ($509)$4,350 ($4,263)$965 $965 
Mortgage servicing rights13,724 711 987 — 15,422 — 
Commercial servicing rights1,084 (26)33 — 1,091 — 
Total$16,195 $176 $5,370 ($4,263)$17,478 $965 
Three Months Ended March 31, 2021
Interest rate lock commitments$4,034 ($1,147)$9,268 ($9,442)$2,713 $2,713 
Mortgage servicing rights11,218 (1,009)1,448 — 11,657 — 
Commercial servicing rights1,310 (23)40 — 1,327 — 
Total$16,562 ($2,179)$10,756 ($9,442)$15,697 $2,713 
Fair Value, Assets Measured on Nonrecurring Basis As of and for the periods ending March 31, 2022 and December 31, 2021, except for certain assets as shown in the following table, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis.  For loans individually measured for credit losses, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy.    
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
March 31, 2022    
  Loans individually measured for credit losses$166 $— $— $166 
Total$166 $— $— $166 
December 31, 2021    
  Loans individually measured for credit losses$— $— $— $— 
Total$— $— $— $— 

    The following table presents the (gains) losses resulting from nonrecurring fair value adjustments for the three-month periods ended March 31, 2022 and 2021:
Three Months Ended March 31,
(In Thousands)20212020
Loans individually measured for credit losses$89 $985 
Total loss from nonrecurring measurements$89 $985 
Schedule of Valuation Assumptions The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring and nonrecurring basis at March 31, 2022 and December 31, 2021:
Financial InstrumentValuation TechniqueUnobservable InputWeighted Average Rate Range
March 31, 2022
Loans individually measured for credit lossesIn-house valuation of collateralDiscount rate
100%
Interest rate lock commitmentExternal pricing modelPull through rate94.37 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
7.26% - 11.39%
Discount rate8.00 %
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
12.30% - 16.57%
Discount rate9.94 %
December 31, 2021
Interest rate lock commitmentExternal pricing modelPull through rate93.27 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
9.25% - 14.21%
Discount rate
8.00%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
12.30% - 16.57%
Discount rate9.94 %