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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis
The following table presents assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:
 
Level 1Level 2Level 3Totals
June 30, 2020
Financial assets:
Trust preferred securities$—  $—  $7,679  $7,679  
Other available for sale securities—  1,295,815  —  1,295,815  
Total securities available for sale—  1,295,815  7,679  1,303,494  
Derivative instruments—  40,982  —  40,982  
Mortgage loans held for sale in loans held for sale—  339,747  —  339,747  
Total financial assets$—  $1,676,544  $7,679  $1,684,223  
Financial liabilities:
Derivative instruments:$—  $26,934  $—  $26,934  
Level 1Level 2Level 3Totals
December 31, 2019
Financial assets:
Trust preferred securities$—  $—  $9,986  $9,986  
Other available for sale securities—  1,280,627  —  1,280,627  
Total securities available for sale—  1,280,627  9,986  1,290,613  
Derivative instruments—  8,498  —  8,498  
Mortgage loans held for sale in loans held for sale—  318,272  —  318,272  
Total financial assets$—  $1,607,397  $9,986  $1,617,383  
Financial liabilities:
Derivative instruments$—  $10,000  $—  $10,000  
Reconciliation for assets and liabilities measured at fair value on a recurring basis
The following tables provide a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of the dates presented:
 
 20202019
Three Months Ended June 30, 2020Trust preferred
securities		Trust preferred
securities
Three Months Ended June 30,
Balance at beginning of period$8,604  $10,246  
   Accretion included in net income9  9  
   Unrealized losses included in other comprehensive income(903) 154  
   Settlements(31) (23) 
Balance at end of period$7,679  $10,386  
Six Months Ended June 30,
Balance at beginning of period$9,986  $10,633  
   Accretion included in net income18  18  
   Unrealized losses included in other comprehensive income(2,222) (133) 
   Settlements(103) (132) 
Balance at end of period$7,679  $10,386  
Significant unobservable inputs (Level 3) used in valuation of assets and liabilities measured at fair value on recurring basis
The following table presents information as of June 30, 2020 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a recurring basis:
 
Financial instrumentFair
Value		Valuation TechniqueSignificant
Unobservable Inputs		Range of Inputs
Trust preferred securities$7,679  Discounted cash flowsDefault rate
0-100%
Assets measured at fair value on a nonrecurring basis
The following table provides the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:
 
June 30, 2020Level 1Level 2Level 3Totals
Impaired loans$—  $—  $7,479  $7,479  
OREO—  —  1,550  1,550  
Mortgage servicing rights—  —  51,474  51,474  
Total$—  $—  $60,503  $60,503  
 
December 31, 2019Level 1Level 2Level 3Totals
Impaired loans$—  $—  $27,348  $27,348  
OREO—  —  2,820  2,820  
Mortgage servicing rights—  —  53,208  53,208  
Total$—  $—  $83,376  $83,376  
OREO measured at fair value on a nonrecurring basis
The following table presents OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets as of the dates presented:
 
June 30,
2020		December 31, 2019
Carrying amount prior to remeasurement$2,154  $3,726  
Impairment recognized in results of operations(604) (906) 
Fair value$1,550  $2,820  
Significant unobservable inputs (Level 3) used in valuation of assets and liabilities measured at fair value on non recurring basis
The following table presents information as of June 30, 2020 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:
 
Financial instrumentFair
Value		Valuation TechniqueSignificant
Unobservable Inputs		Range of Inputs
Impaired loans$7,479  Appraised value of collateral less estimated costs to sellEstimated costs to sell
4-10%
OREO1,550  Appraised value of property less estimated costs to sellEstimated costs to sell
4-10%
Summarizes differences between fair value and principal balance for mortgage loans held for sale measure at fair value
The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of June 30, 2020 and December 31, 2019:
 
Aggregate
Fair  Value		Aggregate
Unpaid
Principal
Balance		Difference
June 30, 2020
Mortgage loans held for sale measured at fair value$339,747  $320,018  $19,729  
December 31, 2019
Mortgage loans held for sale measured at fair value$318,272  $308,160  $10,112  
Assets and liabilities not measured and reported at fair value on a recurring basis or nonrecurring basis
The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:
 
  Fair Value
As of June 30, 2020Carrying
Value		Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$616,903  $616,903  $—  $—  $616,903  
Securities available for sale1,303,494  —  1,295,815  7,679  1,303,494  
Loans held for sale339,747  —  339,747  —  339,747  
Loans, net10,851,917  —  —  10,646,335  10,646,335  
Mortgage servicing rights51,474  —  —  51,474  51,474  
Derivative instruments40,982  —  40,982  —  40,982  
Financial liabilities
Deposits$11,846,358  $9,860,461  $2,008,383  $—  $11,868,844  
Short-term borrowings341,810  341,810  —  —  341,810  
Federal Home Loan Bank advances152,250  —  158,173  —  158,173  
Junior subordinated debentures110,505  —  89,591  —  89,591  
Subordinated notes113,925  —  111,550  —  111,550  
Derivative instruments26,934  —  26,934  —  26,934  
 
  Fair Value
As of December 31, 2019Carrying
Value		Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$414,930  $414,930  $—  $—  $414,930  
Securities available for sale1,290,613  —  1,280,627  9,986  1,290,613  
Loans held for sale318,272  —  318,272  —  318,272  
Loans, net9,637,476  —  —  9,321,039  9,321,039  
Mortgage servicing rights53,208  —  —  53,208  53,208  
Derivative instruments8,498  —  8,498  —  8,498  
Financial liabilities
Deposits$10,213,168  $8,052,536  $2,158,431  $—  $10,210,967  
Short-term borrowings489,091  489,091  —  —  489,091  
Federal Home Loan Bank advances152,337  —  152,321  —  152,321  
Junior subordinated debentures110,215  —  104,480  —  104,480  
Subordinated notes113,955  —  117,963  —  117,963  
Derivative instruments10,000  —  10,000  —  10,000