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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present our assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at December 31, 2022 and 2021.
December 31, 2022
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$131,695 $— $— $131,695 
Obligations of U.S. government corporations and agencies— 41,811 — 41,811 
Collateralized mortgage obligations of U.S. government corporations and agencies— 428,407 — 428,407 
Residential mortgage-backed securities of U.S. government corporations and agencies— 41,587 — 41,587 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 327,313 — 327,313 
Corporate obligations— 500 — 500 
Obligations of states and political subdivisions— 30,471 — 30,471 
Total Available-for-Sale Debt Securities131,695 870,089 — 1,001,784 
Marketable equity securities952 42 — 994 
Total Securities132,647 870,131 — 1,002,778 
Trading securities held in a deferred compensation plan8,087 — — 8,087 
Derivative financial assets:
Interest rate swaps - commercial loans— 83,449 — 83,449 
Interest rate lock commitments— — 5 5 
Forward sale contracts - mortgage loans— — 2 2 
Total Assets$140,734 $953,580 $7 $1,094,321 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $83,449 $— $83,449 
Interest rate swaps - cash flow hedge— 21,368 — 21,368 
Total Liabilities$— $104,817 $— $104,817 
December 31, 2021
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$95,327 $— $— $95,327 
Obligations of U.S. government corporations and agencies— 70,348 — 70,348 
Collateralized mortgage obligations of U.S. government corporations and agencies— 270,294 — 270,294 
Residential mortgage-backed securities of U.S. government corporations and agencies— 56,793 — 56,793 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 341,300 — 341,300 
Corporate obligations— 500 — 500 
Obligations of states and political subdivisions— 75,089 — 75,089 
Total Available-for-Sale Debt Securities95,327 814,324 — 909,651 
Marketable equity securities1,061 81 — 1,142 
Total Securities96,388 814,405 — 910,793 
Trading securities held in a deferred compensation plan10,230 — — 10,230 
Derivative financial assets:
Interest rate swaps - commercial loans— 33,528 — 33,528 
Interest rate lock commitments— — 401 401 
Forward sale contracts - mortgage loans— — 4 4 
Total Assets$106,618 $847,933 $405 $954,956 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $33,631 $— $33,631 
Total Liabilities$— $33,631 $— $33,631 
Assets Measured at Fair Value on Nonrecurring Basis by Significant Unobservable Inputs
For Level 3 assets measured at fair value on a nonrecurring basis at December 31, 2022 and 2021, the significant unobservable inputs used in the fair value measurements were as follows:
December 31, 2022Valuation TechniqueSignificant Unobservable InputsRangeWeighted Average
(dollars in thousands)
Other real estate owned$3,060 Collateral methodDiscount rate13.00%13.00%

December 31, 2021Valuation TechniqueSignificant
Unobservable Inputs		RangeWeighted Average
(dollars in thousands)
Other real estate owned$1,011 Collateral methodAppraisal adjustment - cost to sell2.53%2.53%
Carrying Values and Fair Values of Financial Instruments
The carrying values and fair values of our financial instruments at December 31, 2022 and 2021 are presented in the following tables:
Fair Value Measurements at December 31, 2022
(dollars in thousands)
Carrying
Value(1)
TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$210,009 $210,009 $210,009 $— $— 
Securities1,002,778 1,002,778 132,647 870,131 — 
Loans held for sale16 16 — 16 — 
Portfolio loans, net 7,082,629 6,815,167 — — 6,815,167 
Collateral receivable6,307 6,307 6,307 — — 
Securities held in a deferred compensation plan8,087 8,087 8,087 — — 
Mortgage servicing rights7,147 9,994 — — 9,994 
Interest rate swaps - commercial loans83,449 83,449 — 83,449 — 
Interest rate lock commitments5 5 — — 5 
Forward sale contracts2 2 — — 2 
LIABILITIES
Deposits$7,219,970 $7,194,225 $6,285,377 $908,848 — 
Collateral payable65,065 65,065 65,065 — — 
Short-term borrowings370,000 370,000 — 370,000 — 
Long-term borrowings14,741 14,174 — 14,174 — 
Junior subordinated debt securities54,453 54,453 — 54,453 — 
Interest rate swaps - commercial loans83,449 83,449 — 83,449 — 
Interest rate swaps - cash flow hedge21,368 21,368 — 21,368 — 
(1)As reported in the Consolidated Balance Sheets
Fair Value Measurements at December 31, 2021
(dollars in thousands)
Carrying
Value(1)
TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$922,215 $922,215 $922,215 $— $— 
Securities910,793 910,793 96,388 814,405 — 
Loans held for sale1,522 1,522 — 1,522 — 
Portfolio loans, net6,901,414 6,815,468 — — 6,815,468 
Collateral receivable37,363 37,363 37,363 — — 
Securities held in a deferred compensation plan10,230 10,230 10,230 — — 
Mortgage servicing rights7,677 7,677 — — 7,677 
Interest rate swaps - commercial loans33,528 33,528 — 33,528 — 
Interest rate lock commitments401 401 — — 401 
Forward sale contracts - mortgage loans4 4 — — 4 
LIABILITIES
Deposits$7,996,524 $7,992,942 $6,908,453 $1,084,489 $— 
Securities sold under repurchase agreements84,491 84,491 84,491 — — 
Long-term borrowings22,430 22,678 — 22,678 — 
Junior subordinated debt securities54,393 54,393 — 54,393 — 
Interest rate swaps - commercial loans33,631 33,631 — 33,631 — 
(1)As reported in the Consolidated Balance Sheets