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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 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
September 30, 2020
Financial assets:
Trust preferred securities$— $— $8,492 $8,492 
Other available for sale securities— 1,284,896 — 1,284,896 
Total securities available for sale— 1,284,896 8,492 1,293,388 
Derivative instruments— 40,278 — 40,278 
Mortgage loans held for sale in loans held for sale— 399,773 — 399,773 
Total financial assets$— $1,724,947 $8,492 $1,733,439 
Financial liabilities:
Derivative instruments:$— $23,081 $— $23,081 

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 September 30, 2020Trust preferred
securities		Trust preferred
securities
Three Months Ended September 30,
Balance at beginning of period$7,679 $10,386 
   Accretion included in net income8 9 
   Unrealized gains (losses) included in other comprehensive income840 (439)
   Settlements(35)(94)
Balance at end of period$8,492 $9,862 
Nine Months Ended September 30,
Balance at beginning of period$9,986 $10,633 
   Accretion included in net income26 26 
   Unrealized losses included in other comprehensive income(1,382)(572)
   Settlements(138)(225)
Balance at end of period$8,492 $9,862 
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 September 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$8,492 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:
 
September 30, 2020Level 1Level 2Level 3Totals
Impaired loans$— $— $11,050 $11,050 
OREO— — 1,788 1,788 
Mortgage servicing rights— — 57,600 57,600 
Total$— $— $70,438 $70,438 
 
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:
 
September 30,
2020		December 31, 2019
Carrying amount prior to remeasurement$2,750 $3,726 
Impairment recognized in results of operations(962)(906)
Fair value$1,788 $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 September 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$11,050 Appraised value of collateral less estimated costs to sellEstimated costs to sell
4-10%
OREO$1,788 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 September 30, 2020 and December 31, 2019:
 
Aggregate
Fair Value		Aggregate
Unpaid
Principal
Balance		Difference
September 30, 2020
Mortgage loans held for sale measured at fair value$399,773 $378,785 $20,988 
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 September 30, 2020Carrying
Value		Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$414,105 $414,105 $— $— $414,105 
Securities available for sale1,293,388 — 1,284,896 8,492 1,293,388 
Loans held for sale399,773 — 399,773 — 399,773 
Loans, net10,916,640 — — 10,847,520 10,847,520 
Mortgage servicing rights57,600 — — 57,600 57,600 
Derivative instruments40,278 — 40,278 — 40,278 
Financial liabilities
Deposits$11,934,140 $10,100,060 $1,852,653 $— $11,952,713 
Short-term borrowings42,624 42,624 — — 42,624 
Federal Home Loan Bank advances152,210 — 158,952 — 158,952 
Junior subordinated debentures110,649 — 89,591 — 89,591 
Subordinated notes212,223 — 212,550 — 212,550 
Derivative instruments23,081 — 23,081 — 23,081 
 
  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