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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values Estimated fair values as of the periods indicated are as follows:
 June 30, 2022December 31, 2021
(In Thousands)Carrying AmountFair ValueCarrying AmountFair  Value
Financial assets:  
Level 1 inputs:  
     Cash, due from banks and deposits in other banks$336,923 $336,923 $645,827 $645,827 
     Investment securities available for sale313,082 313,082 141,531 141,531 
     Marketable equity securities9,122 9,122 8,420 8,420 
Level 2 inputs:  
     Investment securities available for sale298,945 298,945 285,153 285,153 
     Investment in Federal Home Loan Bank stock3,824 3,824 3,107 3,107 
     Loans held for sale63,080 63,080 73,650 73,650 
     Accrued interest receivable8,117 8,117 6,846 6,846 
     Interest rate swaps8,316 8,316 6,030 6,030 
     Retail interest rate contracts— — 166 166 
Level 3 inputs:  
     Investment securities held to maturity29,750 26,371 20,000 19,164 
     Loans 1,405,709 1,342,962 1,413,886 1,396,486 
     Purchased receivables, net15,277 15,277 6,987 6,987 
     Interest rate lock commitments2,567 2,567 1,387 1,387 
     Mortgage servicing rights16,30116,30113,724 13,724 
     Commercial servicing rights1,0691,0691,084 1,084 
Financial liabilities:  
Level 2 inputs:  
     Deposits$2,335,390 $2,332,869 $2,421,631 $2,422,215 
     Borrowings14,302 12,907 14,508 14,727 
     Accrued interest payable94 94 31 31 
     Interest rate swaps8,316 8,316 6,985 6,985 
Level 3 inputs:
     Junior subordinated debentures10,310 9,578 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)
June 30, 2022    
Assets:
    Available for sale securities    
    U.S. Treasury and government sponsored entities$521,339 $281,079 $240,260 $— 
    Municipal securities807 — 807 — 
    Corporate bonds32,003 32,003 — — 
    Collateralized loan obligations57,878 — 57,878 — 
           Total available for sale securities$612,027 $313,082 $298,945 $— 
    Marketable equity securities$9,122 $9,122 $— $— 
           Total marketable equity securities$9,122 $9,122 $— $— 
Interest rate swaps$8,316 $— $8,316 $— 
Interest rate lock commitments2,567 — — 2,567 
Mortgage servicing rights16,301 — — 16,301 
Commercial servicing rights1,069 — — 1,069 
           Total other assets$28,253 $— $8,316 $19,937 
Liabilities:
Interest rate swaps$8,316 $— $8,316 $— 
Retail interest rate contracts376 — 376 — 
           Total other liabilities$8,692 $— $8,692 $— 
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 and six-month periods ended June 30, 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 June 30, 2022 
Interest rate lock commitments$965 ($520)$3,863 ($1,741)$2,567 $2,567 
Mortgage servicing rights15,422 (249)1,128 — 16,301 — 
Commercial servicing rights1,091 (22)— — 1,069 — 
Total$17,478 ($791)$4,991 ($1,741)$19,937 $2,567 
Three Months Ended June 30, 2021
Interest rate lock commitments$2,713 ($867)$7,183 ($5,985)$3,044 $3,044 
Mortgage servicing rights11,657 (567)1,745 — 12,835 — 
Commercial servicing rights1,327 (53)18 — 1,292 — 
Total$15,697 ($1,487)$8,946 ($5,985)$17,171 $3,044 
(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
Six Months Ended June 30, 2022 
Interest rate lock commitments$1,387 ($1,029)$8,212 ($6,004)$2,567 $2,567 
Mortgage servicing rights13,724 462 2,115 — 16,301 — 
Commercial servicing rights1,084 (48)33 — 1,069 — 
Total$16,195 ($615)$10,360 ($6,004)$19,937 $2,567 
Six Months Ended June 30, 2021
Interest rate lock commitments$4,034 ($2,014)$16,451 ($15,427)$3,044 $3,044 
Mortgage servicing rights11,218 (1,576)3,193 — 12,835 — 
Commercial servicing rights1,310 (76)58 — 1,292 — 
Total$16,562 ($3,666)$19,702 ($15,427)$17,171 $3,044 
Fair Value, Assets Measured on Nonrecurring Basis The following table presents the (gains) losses resulting from nonrecurring fair value adjustments for the three and six-month periods ended June 30, 2022 and 2021:
Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)2022202120222021
Loans individually measured for credit losses($89)($213)$— $772 
Total loss from nonrecurring measurements($89)($213)$— $772 
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 June 30, 2022 and December 31, 2021:
Financial InstrumentValuation TechniqueUnobservable InputWeighted Average Rate Range
June 30, 2022
Interest rate lock commitmentExternal pricing modelPull through rate91.85 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
7.34% - 8.73%
Discount rate9.25 %
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 %