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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2019
Fair Value of Financial Instruments [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
Assets and liabilities measured at fair value under ASC 820 on a recurring basis are summarized below:

  
Fair Value Measurements at
 
  
March 31, 2019 Using:
 
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
             
Securities available for sale:
            
U.S. government sponsored enterprises
 
$
148,292
  
$
-
  
$
148,292
  
$
-
 
State and political subdivisions
  
172
   
-
   
172
   
-
 
Mortgage backed securities and collateralized mortgage obligations - residential
  
312,946
   
-
   
312,946
   
-
 
Corporate bonds
  
30,258
   
-
   
30,258
   
-
 
Small Business Administration- guaranteed participation securities
  
54,113
   
-
   
54,113
   
-
 
Other securities
  
685
   
-
   
685
   
-
 
                 
Total securities available for sale
 
$
546,466
  
$
-
  
$
546,466
  
$
-
 

  
Fair Value Measurements at
 
  
December 31, 2018 Using:
 
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
             
Securities available for sale:
            
U.S. government sponsored enterprises
 
$
152,160
  
$
-
  
$
152,160
  
$
-
 
State and political subdivisions
  
173
   
-
   
173
   
-
 
Mortgage backed securities and collateralized mortgage obligations - residential
  
262,032
   
-
   
262,032
   
-
 
Corporate bonds
  
29,938
   
-
   
29,938
   
-
 
Small Business Administration- guaranteed participation securities
  
56,475
   
-
   
56,475
   
-
 
Other securities
  
685
   
-
   
685
   
-
 
                 
Total securities available for sale
 
$
501,463
  
$
-
  
$
501,463
  
$
-
 
Assets Measured at Fair Value on Non-Recurring Basis
Assets measured at fair value on a non-recurring basis are summarized below:

  
Fair Value Measurements at
       
  
March 31, 2019 Using:
       
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Valuation technique
 
Unobservable inputs
 
Range (Weighted Average)
 
                   
Other real estate owned
 
$
1,261
  
$
-
  
$
-
  
$
1,261
 
Sales comparison
 approach
 
Adjustments for
differences between
 comparable sales
  
1% - 14% (7
%)
                        
Impaired loans:
                       
Real estate mortgage - 1 to 4 family
  
439
   
-
   
-
   
439
 
Sales comparison
 approach
 
Adjustments for
differences between
 comparable sales
  
5% - 14% (10
%)

  
Fair Value Measurements at
       
  
December 31, 2018 Using:
       
(dollars in thousands)
 
Carrying
Value
  
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
  
Significant
Other
Observable
Inputs
(Level 2)
  
Significant
Unobservable
Inputs
(Level 3)
 
Valuation technique
 
Unobservable inputs
 
Range (Weighted Average)
 
                   
Other real estate owned
 
$
1,675
  
$
-
  
$
-
  
$
1,675
 
Sales comparison
 approach
 
Adjustments for
differences between
 comparable sales
  
1% - 14% (7
%)
                        
Impaired loans:
                       
Real estate mortgage - 1 to 4 family
  
459
   
-
   
-
   
459
 
Sales comparison
 approach
 
Adjustments for
differences between
 comparable sales
  
5% - 14% (10
%)
Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values (represents exit price) of financial instruments, at March 31, 2019 and December 31, 2018 are as follows:

(dollars in thousands)
    
Fair Value Measurements at
 
  
Carrying
  
March 31, 2019 Using:
 
  
Value
  
Level 1
  
Level 2
  
Level 3
  
Total
 
Financial assets:
               
Cash and cash equivalents
 
$
619,187
   
619,187
   
-
   
-
   
619,187
 
Securities available for sale
  
546,466
   
-
   
546,466
   
-
   
546,466
 
Held to maturity securities
  
21,609
   
-
   
22,283
   
-
   
22,283
 
Federal Reserve Bank and Federal
                    
Home Loan Bank stock
  
8,953
   
N/A
   
N/A
   
N/A
   
N/A
 
Net loans
  
3,861,153
   
-
   
-
   
3,781,951
   
3,781,951
 
Accrued interest receivable
  
11,354
   
149
   
2,214
   
8,991
   
11,354
 
Financial liabilities:
                    
Demand deposits
  
408,417
   
408,417
   
-
   
-
   
408,417
 
Interest bearing deposits
  
4,004,652
   
2,583,471
   
1,415,390
   
-
   
3,998,861
 
Short-term borrowings
  
159,778
   
-
   
159,778
   
-
   
159,778
 
Accrued interest payable
  
1,472
   
176
   
1,296
   
-
   
1,472
 

(dollars in thousands)
    
Fair Value Measurements at
 
  
Carrying
  
December 31, 2018 Using:
 
  
Value
  
Level 1
  
Level 2
  
Level 3
  
Total
 
Financial assets:
               
Cash and cash equivalents
 
$
503,709
   
503,709
   
-
   
-
   
503,709
 
Securities available for sale
  
501,463
   
-
   
501,463
   
-
   
501,463
 
Held to maturity securities
  
22,501
   
-
   
22,924
   
-
   
22,924
 
Federal Reserve Bank and Federal
                    
Home Loan Bank stock
  
8,953
   
N/A
   
N/A
   
N/A
   
N/A
 
Net loans
  
3,829,330
   
-
   
-
   
3,753,966
   
3,753,966
 
Accrued interest receivable
  
11,341
   
353
   
2,371
   
8,617
   
11,341
 
Financial liabilities:
                    
Demand deposits
  
405,069
   
405,069
   
-
   
-
   
405,069
 
Interest bearing deposits
  
3,869,178
   
2,594,672
   
1,264,772
   
-
   
3,859,444
 
Short-term borrowings
  
161,893
   
-
   
161,893
   
-
   
161,893
 
Accrued interest payable
  
1,024
   
104
   
920
   
-
   
1,024