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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values Estimated fair values as of the periods indicated are as follows:
 June 30, 2023December 31, 2022
(In Thousands)Carrying AmountFair ValueCarrying AmountFair  Value
Financial assets:  
Level 1 inputs:  
     Cash, due from banks and deposits in other banks$36,752 $36,752 $259,350 $259,350 
     Investment securities available for sale347,171 347,171 356,837 356,837 
     Marketable equity securities10,604 10,604 10,740 10,740 
Level 2 inputs:  
     Investment securities available for sale323,968 323,968 320,192 320,192 
     Investment in Federal Home Loan Bank stock5,858 5,858 3,816 3,816 
     Loans held for sale60,759 60,759 27,538 27,538 
     Interest rate swaps13,883 13,883 14,179 14,179 
     Retail interest rate contracts122 122 — — 
Level 3 inputs:  
     Investment securities held to maturity36,750 32,600 36,750 32,639 
     Loans 1,659,239 1,549,359 1,501,785 1,408,350 
     Purchased receivables, net21,866 21,866 19,994 19,994 
     Interest rate lock commitments851 851 440 440 
     Mortgage servicing rights18,24818,24818,635 18,635 
     Commercial servicing rights2,1392,1392,129 2,129 
Financial liabilities:  
Level 2 inputs:  
     Deposits$2,302,311 $2,298,145 $2,387,211 $2,383,975 
     Borrowings64,887 63,041 14,095 12,382 
     Interest rate swaps12,401 12,401 12,725 12,725 
     Retail interest rate contracts— — 3 3 
Level 3 inputs:
     Junior subordinated debentures10,310 11,700 10,310 11,266 
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, 2023    
Assets:
    Available for sale securities    
    U.S. Treasury and government sponsored entities$597,665 $333,691 $263,974 $— 
    Municipal securities802 — 802 — 
    Corporate bonds13,480 13,480 — — 
    Collateralized loan obligations59,192 — 59,192 — 
           Total available for sale securities$671,139 $347,171 $323,968 $— 
    Marketable equity securities$10,604 $10,604 $— $— 
           Total marketable equity securities$10,604 $10,604 $— $— 
Interest rate swaps$13,556 $— $13,556 $— 
Interest rate lock commitments851 — — 851 
Mortgage servicing rights18,248 — — 18,248 
Commercial servicing rights2,139 — — 2,139 
Retail interest rate contracts122 — 122 — 
           Total other assets$34,916 $— $13,678 $21,238 
Liabilities:
Interest rate swaps$12,401 $— $12,401 $— 
           Total other liabilities$12,401 $— $12,401 $— 
December 31, 2022    
Assets:
Available for sale securities    
U.S. Treasury and government sponsored entities$595,161 $333,193 $261,968 $— 
Municipal securities795 — 795 — 
Corporate bonds23,644 23,644 — — 
Collateralized loan obligations57,429 — 57,429 — 
           Total available for sale securities$677,029 $356,837 $320,192 $— 
Marketable equity securities$10,740 $10,740 $— $— 
           Total marketable securities$10,740 $10,740 $— $— 
Interest rate swaps$14,178 $— $14,178 $— 
Interest rate lock commitments440 — — 440 
Mortgage servicing rights18,635 — — 18,635 
Commercial servicing rights2,129 — — 2,129 
           Total other assets$35,382 $— $14,178 $21,204 
Liabilities:
Interest rate swaps$12,725 $— $12,725 $— 
Retail interest rate contracts3 — 3 — 
           Total other liabilities$12,728 $— $12,728 $— 
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 six-month periods ended June 30, 2023 and 2022:

(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, 2023 
Interest rate lock commitments$685 ($378)$2,735 ($2,191)$851 $851 
Mortgage servicing rights18,303 (574)519 — 18,248 — 
Commercial servicing rights2,170 (56)25 — 2,139 — 
Total$21,158 ($1,008)$3,279 ($2,191)$21,238 $851 
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 
(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, 2023 
Interest rate lock commitments$440 ($552)$4,232 ($3,269)$851 $851 
Mortgage servicing rights18,635 (1,369)982 — 18,248 — 
Commercial servicing rights2,129 (105)115 — 2,139 — 
Total$21,204 ($2,026)$5,329 ($3,269)$21,238 $851 
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 $2,567 
Fair Value, Assets Measured on Nonrecurring Basis As of and for the periods ending June 30, 2023 and December 31, 2022, except for certain assets as shown in the following table, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis.  For loans individually measured for credit losses, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy.               
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
June 30, 2023    
  Loans individually measured for credit losses$— $— $— $— 
Total$— $— $— $— 
December 31, 2022    
  Loans individually measured for credit losses$— $— $— $— 
Total$— $— $— $— 
    The following table presents the (gains) losses resulting from nonrecurring fair value adjustments for the three and six-month periods ended June 30, 2023 and 2022:

Three Months Ended June 30,Six Months Ended June 30,
(In Thousands)2023202220232022
Loans individually measured for credit losses($27)($89)$— $— 
Total loss from nonrecurring measurements($27)($89)$— $— 
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, 2023 and December 31, 2022:
Financial InstrumentValuation TechniqueUnobservable InputWeighted Average Rate Range
June 30, 2023
Interest rate lock commitmentExternal pricing modelPull through rate92.17 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
7.20% - 14.62%
Discount rate
9.50% - 11.00%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
4.19% - 22.87%
Discount rate12.00 %
December 31, 2022
Interest rate lock commitmentExternal pricing modelPull through rate93.18 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
6.62% - 7.43%
Discount rate
11.25%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
4.19% - 22.87%
Discount rate12.00 %