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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2024
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:
September 30, 2024
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$118,109 $— $— $118,109 
Obligations of U.S. government corporations and agencies— 15,026 — 15,026 
Collateralized mortgage obligations of U.S. government corporations and agencies— 565,312 — 565,312 
Residential mortgage-backed securities of U.S. government corporations and agencies— 35,653 — 35,653 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 248,044 — 248,044 
Obligations of states and political subdivisions— 24,713 — 24,713 
Total Available-for-Sale Debt Securities118,109 888,748 — 1,006,857 
Equity securities4,455 — — 4,455 
Total Securities Available for Sale122,564 888,748 — 1,011,312 
Securities held in a deferred compensation plan10,800 — — 10,800 
Derivative financial assets:
Interest rate swap contracts - commercial loans— 45,690 — 45,690 
Interest rate lock commitments - mortgage loans— — 64 64 
Total Assets$133,364 $934,438 $64 $1,067,866 
LIABILITIES
Derivative financial liabilities:
Interest rate swap contracts - commercial loans$— $46,156 $— $46,156 
Interest rate swap contracts - cash flow hedge— 7,115 — 7,115 
Total Liabilities$— $53,271 $— $53,271 

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 swap contracts - commercial loans— 63,018 — 63,018 
Total Assets$144,195 $898,613 $— $1,042,808 
LIABILITIES
Derivative financial liabilities:
Interest rate swap contracts - commercial loans$— $63,554 $— $63,554 
Interest rate swap contracts - cash flow hedge— 14,739 — 14,739 
Total Liabilities$— $78,293 $— $78,293 
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 September 30, 2024
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$228,090 $228,090 $228,090 $— $— 
Securities available for sale1,011,312 1,011,312 122,564 888,748 — 
Loans held for sale307 307 — 307 — 
Portfolio loans, net7,584,733 7,393,357 — — 7,393,357 
Collateral receivable1,466 1,466 1,466 — — 
Securities held in a deferred compensation plan10,800 10,800 10,800 — — 
Mortgage servicing rights5,804 7,959 — — 7,959 
Interest rate swap contracts - commercial loans45,690 45,690 — 45,690 — 
Interest rate lock commitments - mortgage loans64 64 — — 64 
LIABILITIES
Deposits$7,654,841 $7,652,235 $5,884,509 $1,767,726 $— 
Collateral payable35,211 35,211 35,211 — — 
Short-term borrowings225,000 225,129 — 225,129 — 
Long-term borrowings64,015 64,091 — 64,091 — 
Junior subordinated debt securities49,403 49,403 — 49,403 — 
Interest rate swap contracts - commercial loans46,156 46,156 — 46,156 — 
Interest rate swap contracts - cash flow hedge7,115 7,115 — 7,115 — 
(1) As reported in the Consolidated Balance Sheets
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