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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of 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 the dates presented:
December 31, 2023
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$133,786 $— $— $133,786 
Obligations of U.S. government corporations and agencies— 32,513 — 32,513 
Collateralized mortgage obligations of U.S. government corporations and agencies— 460,939 — 460,939 
Residential mortgage-backed securities of U.S. government corporations and agencies— 38,177 — 38,177 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 273,425 — 273,425 
Obligations of states and political subdivisions— 30,468 — 30,468 
Total Available-for-Sale Debt Securities133,786 835,522 — 969,308 
Equity securities1,010 73 — 1,083 
Total Securities Available for Sale134,796 835,595 — 970,391 
Securities held in a deferred compensation plan9,399 — — 9,399 
Derivative financial assets:
Interest rate swaps - commercial loans— 63,018 — 63,018 
Total Assets$144,195 $898,613 $— $1,042,808 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $63,554 $— $63,554 
Interest rate swaps - cash flow hedge— 14,739 — 14,739 
Total Liabilities$— $78,293 $— $78,293 
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 
Equity securities952 42 — 994 
Total Securities Available for Sale132,647 870,131 — 1,002,778 
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 
Other Assets
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 
Schedule of Carrying Values and Fair Values of Financial Instruments
The following tables present the carrying values and fair values of our financial instruments at the dates presented:
Carrying
Value(1)
Fair Value Measurements at December 31, 2023
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$233,612 $233,612 $233,612 $— $— 
Securities available for sale970,391 970,391 134,796 835,595 — 
Loans held for sale153 153 — 153 — 
Portfolio loans, net7,545,375 7,263,270 — — 7,263,270 
Collateral receivable5,356 5,356 5,356 — — 
Securities held in a deferred compensation plan9,399 9,399 9,399 — — 
Mortgage servicing rights6,345 8,704 — — 8,704 
Interest rate swaps - commercial loans63,018 63,018 — 63,018 — 
LIABILITIES
Deposits$7,521,769 $7,511,598 $5,940,117 $1,571,481 $— 
Collateral payable50,920 50,920 50,920 — — 
Short-term borrowings415,000 415,000 — 415,000 — 
Long-term borrowings39,277 38,995 — 38,995 — 
Junior subordinated debt securities49,358 49,358 — 49,358 — 
Interest rate swaps - commercial loans63,554 63,554 — 63,554 — 
Interest rate swaps - cash flow hedge14,739 14,739 — 14,739 — 
(1) As reported in the Consolidated Balance Sheets
Carrying
Value(1)
Fair Value Measurements at December 31, 2022
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$210,009 $210,009 $210,009 $— $— 
Securities available for sale1,002,778 1,002,778 132,647 870,131 — 
Loans held for sale16 16 — 16 — 
Portfolio loans, net7,082,629 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