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Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value The fair value of derivatives is based on valuation models using observable market data as of the measurement date (Level 2 inputs).
June 30, 2022
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
(Dollar amounts in thousands)Level 1Level 2Level 3Total
U.S. Government agencies$— $109,997 $— $109,997 
Mortgage Backed Securities-residential— 613,198 — 613,198 
Mortgage Backed Securities-commercial— 8,961 — 8,961 
Collateralized mortgage obligations— 206,120 — 206,120 
State and municipal— 356,831 1,545 358,376 
Municipal taxable— 33,401 — 33,401 
U.S. Treasury— 2,075 — 2,075 
Collateralized debt obligations— — 3,087 3,087 
Other securities— 1,743 1,494 3,237 
TOTAL$— $1,332,326 $6,126 $1,338,452 
Derivative Assets 1,564   
Derivative Liabilities (1,564)  
December 31, 2021
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
(Dollar amounts in thousands)Level 1Level 2Level 3Total
U.S. Government agencies$— $120,123 $— $120,123 
Mortgage Backed Securities-residential— 626,428 — 626,428 
Mortgage Backed Securities-commercial— 15,671 — 15,671 
Collateralized mortgage obligations— 175,005 — 175,005 
State and municipal— 378,203 1,895 380,098 
Municipal taxable— 38,626 — 38,626 
U.S. Treasury— 204 — 204 
Collateralized debt obligations— — 3,359 3,359 
Other securities— 3,477 1,743 5,220 
TOTAL$— $1,357,737 $6,997 $1,364,734 
Derivative Assets 1,030   
Derivative Liabilities (1,030)  
Roll forward of financial instruments having fair value measurements using significant unobservable inputs (Level 3)
The tables below presents a reconciliation and income statement classification of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2022 and the year ended December 31, 2021. 
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Three Months Ended June 30, 2022
(Dollar amounts in thousands)State and
municipal
obligations
Collateralized
debt
obligations
Other securitiesTotal
Beginning balance, April 1$1,545 $3,531 $1,743 $6,819 
Total realized/unrealized gains or losses   
Included in earnings— — — — 
Included in other comprehensive income— (444)— (444)
Transfers— — — — 
Settlements— — (249)(249)
Ending balance, June 30$1,545 $3,087 $1,494 $6,126 
Six Months Ended June 30, 2022
(Dollar amounts in thousands)State and
municipal
obligations
Collateralized
debt
obligations
Other securitiesTotal
Beginning balance, January 1$1,895 $3,359 $1,743 $6,997 
Total realized/unrealized gains or losses   
Included in earnings— — — — 
Included in other comprehensive income— (272)— (272)
Transfers— — — — 
Settlements(350)— (249)(599)
Ending balance, June 30$1,545 $3,087 $1,494 $6,126 
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Year Ended December 31, 2021
(Dollar amounts in thousands)State and
municipal
obligations
Collateralized
debt
obligations
Other securitiesTotal
Beginning balance, January 1$1,895 $3,136 $— $5,031 
Total realized/unrealized gains or losses   
Included in earnings— — — — 
Included in other comprehensive income— 223 — 223 
Purchases— — 1,743 1,743 
Settlements— — — — 
Ending balance, December 31$1,895 $3,359 $1,743 $6,997 
Quantitative information about recurring and non-recurring Level 3
The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at June 30, 2022.
(Dollar amounts in thousands)Fair ValueValuation Technique(s)Unobservable Input(s)Range
State and municipal obligations$1,545 Discounted cash flowDiscount rate3.73%-4.44%
Collateralized debt obligations$3,087 Discounted cash flowDiscount rate2.67%
Other securities$1,494 Discounted cash flowDiscount rate0.65%-1.15%
Collateral dependent loans$11,525 Discounted cash flowDiscount rate for age of appraisal and market conditions0.00%-50.00%

The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2021.
(Dollar amounts in thousands)Fair ValueValuation Technique(s)Unobservable Input(s)Range
State and municipal obligations$1,895 Discounted cash flowDiscount rate3.41%-4.44%
Collateralized debt obligations$3,359 Discounted cash flowDiscount rate1.83%
Other securities$1,743 Discounted cash flowDiscount rate0.65%-1.40%
Collateral dependent loans12,839 Discounted cash flowDiscount rate for age of appraisal and market conditions0.00%-50.00%
Schedule of carrying amount and estimated fair value of financial instruments The fair value of off-balance sheet items is not considered material.
 June 30, 2022
 CarryingFair Value
(Dollar amounts in thousands)ValueLevel 1Level 2Level 3Total
Cash and due from banks$412,136 $25,623 $386,513 $— $412,136 
Federal funds sold11,133 — 11,133 — 11,133 
Securities available-for-sale1,338,452 — 1,332,326 6,126 1,338,452 
Restricted stock15,620 n/an/an/an/a
Loans, net2,851,020 — — 2,613,980 2,613,980 
Accrued interest receivable16,701 — 6,338 10,363 16,701 
Deposits(4,383,257)— (4,390,916)— (4,390,916)
Short-term borrowings(84,232)— (84,232)— (84,232)
Other borrowings(15,912)— (15,446)— (15,446)
Accrued interest payable(543)— (543)— (543)
 December 31, 2021
 CarryingFair Value
(Dollar amounts in thousands)ValueLevel 1Level 2Level 3Total
Cash and due from banks$682,807 $24,901 $657,906 $— $682,807 
Federal funds sold308 — 308 — 308 
Securities available-for-sale1,364,734 — 1,357,737 6,997 1,364,734 
Restricted stock16,200 n/an/an/an/a
Loans, net2,767,590 — — 2,682,257 2,682,257 
Accrued interest receivable16,946 — 4,709 12,237 16,946 
Deposits(4,409,569)— (4,418,117)— (4,418,117)
Short-term borrowings(93,374)— (93,374)— (93,374)
Other borrowings(15,937)— (16,483)— (16,483)
Accrued interest payable(687)— (687)— (687)