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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis
The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:
 
Level 1Level 2Level 3Totals
September 30, 2021
Financial assets:
Securities available for sale$— $2,544,643 $— $2,544,643 
Derivative instruments— 28,134 — 28,134 
Mortgage loans held for sale in loans held for sale— 452,869 — 452,869 
Total financial assets$— $3,025,646 $— $3,025,646 
Financial liabilities:
Derivative instruments:$— $14,543 $— $14,543 

Level 1Level 2Level 3Totals
December 31, 2020
Financial assets:
Trust preferred securities$— $— $9,012 $9,012 
Other available for sale securities— 1,334,445 — 1,334,445 
Total securities available for sale— 1,334,445 9,012 1,343,457 
Derivative instruments— 33,574 — 33,574 
Mortgage loans held for sale in loans held for sale— 417,771 — 417,771 
Total financial assets$— $1,785,790 $9,012 $1,794,802 
Financial liabilities:
Derivative instruments$— $21,107 $— $21,107 
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:
 
 20212020
Three Months Ended September 30, 2021Trust preferred
securities		Trust preferred
securities
Three Months Ended September 30,
Balance at beginning of period$— $7,679 
   Accretion included in net income— 8 
   Unrealized losses included in other comprehensive income— 840 
   Settlements— (35)
Balance at end of period$— $8,492 
Nine Months Ended September 30,
Balance at beginning of period$9,012 $9,986 
   Accretion included in net income7 26 
   Unrealized gains (losses) included in other comprehensive income941 (1,382)
   Realized losses2,061 — 
   Sales(12,021)— 
   Settlements— (138)
Balance at end of period$— $8,492 
Assets measured at fair value on a nonrecurring basis The following tables provide 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, 2021Level 1Level 2Level 3Totals
Individually evaluated loans, net of allowance for credit losses$— $— $9,410 $9,410 
OREO— — 170 170 
Mortgage servicing rights— — 86,387 86,387 
Total$— $— $95,967 $95,967 
 
December 31, 2020Level 1Level 2Level 3Totals
Individually evaluated loans, net of allowance for credit losses$— $— $24,145 $24,145 
OREO— — 2,736 2,736 
Mortgage servicing rights— — 62,994 62,994 
Total$— $— $89,875 $89,875 
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,
2021		December 31, 2020
Carrying amount prior to remeasurement$445 $4,051 
Impairment recognized in results of operations(275)(1,315)
Fair value$170 $2,736 
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, 2021 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
Individually evaluated loans, net of allowance for credit losses$9,410 Appraised value of collateral less estimated costs to sellEstimated costs to sell
4-10%
OREO$170 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, 2021 and December 31, 2020:
 
Aggregate
Fair Value		Aggregate
Unpaid
Principal
Balance		Difference
September 30, 2021
Mortgage loans held for sale measured at fair value$452,869 $441,125 $11,744 
December 31, 2020
Mortgage loans held for sale measured at fair value$417,771 $395,602 $22,169 
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, 2021Carrying
Value		Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$1,476,141 $1,476,141 $— $— $1,476,141 
Securities available for sale2,544,643 — 2,544,643 — 2,544,643 
Loans held for sale452,869 — 452,869 — 452,869 
Loans, net9,846,786 — — 9,726,732 9,726,732 
Mortgage servicing rights86,387 — — 90,738 90,738 
Derivative instruments28,134 — 28,134 — 28,134 
Financial liabilities
Deposits$13,254,829 $11,787,346 $1,467,955 $— $13,255,301 
Short-term borrowings11,253 11,253 — — 11,253 
Federal Home Loan Bank advances150,425 — 155,832 — 155,832 
Junior subordinated debentures111,228 — 105,546 — 105,546 
Subordinated notes207,210 — 221,700 — 221,700 
Derivative instruments14,543 — 14,543 — 14,543 
 
  Fair Value
As of December 31, 2020Carrying
Value		Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$633,203 $633,203 $— $— $633,203 
Securities available for sale1,343,457 — 1,334,445 9,012 1,343,457 
Loans held for sale417,771 — 417,771 — 417,771 
Loans, net10,757,503 — — 10,668,625 10,668,625 
Mortgage servicing rights62,994 — — 62,994 62,994 
Derivative instruments33,574 — 33,574 — 33,574 
Financial liabilities
Deposits$12,059,081 $10,363,193 $1,706,005 $— $12,069,198 
Short-term borrowings21,340 21,340 — — 21,340 
Federal Home Loan Bank advances152,167 — 158,914 — 158,914 
Junior subordinated debentures110,794 — 93,092 — 93,092 
Subordinated notes212,009 — 217,575 — 217,575 
Derivative instruments21,107 — 21,107 — 21,107