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FAIR VALUE DISCLOSURES (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis
The tables below present the balances of assets measured at fair value on a recurring basis:
September 30, 2023
Fair Value Measurements UsingAssets
at Fair Value
(dollars in thousands)Level 1Level 2Level 3
Assets:
U.S. Treasury securities$2,861 $0 $0 $2,861 
U.S. government sponsored agency securities0 115,671 0 115,671 
Mortgage-backed securities: residential0 429,662 0 429,662 
State and municipal securities0 425,348 1,990 427,338 
Total securities available-for-sale2,861 970,681 1,990 975,532 
Mortgage banking derivative0 66 0 66 
Interest rate swap derivative0 42,035 0 42,035 
Total assets$2,861 $1,012,782 $1,990 $1,017,633 
Liabilities:
Interest rate swap derivative0 42,036 0 42,036 
Total liabilities$0 $42,036 $0 $42,036 
December 31, 2022
Fair Value Measurements UsingAssets
at Fair Value
(dollars in thousands)Level 1Level 2Level 3
Assets:        
U.S. Treasury securities$3,034 $0 $0 $3,034 
U.S. government sponsored agency securities0 126,961 0 126,961 
Mortgage-backed securities: residential0 492,308 0 492,308 
State and municipal securities0 561,150 2,075 563,225 
Total securities available-for-sale3,034 1,180,419 2,075 1,185,528 
Mortgage banking derivative0 43 0 43 
Interest rate swap derivative0 36,920 0 36,920 
Total assets$3,034 $1,217,382 $2,075 $1,222,491 
Liabilities:
Interest rate swap derivative0 36,921 0 36,921 
Total liabilities$0 $36,921 $0 $36,921 
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis
The tables below present the balances of assets measured at fair value on a nonrecurring basis:
September 30, 2023
Fair Value Measurements UsingAssets
at Fair Value
(dollars in thousands)Level 1Level 2Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans$0 $0 $2,832 $2,832 
Non-working capital loans0 0 2,187 2,187 
Commercial real estate and multi-family residential loans:
Owner occupied loans0 0 369 369 
Agri-business and agricultural loans:
Loans secured by farmland0 0 26 26 
Total collateral dependent loans0 0 5,414 5,414 
Other real estate owned0 0 384 384 
Total assets$0 $0 $5,798 $5,798 
December 31, 2022
Fair Value Measurements UsingAssets
at Fair Value
(dollars in thousands)Level 1Level 2Level 3
Assets        
Collateral dependent loans:        
Commercial and industrial loans:        
Working capital lines of credit loans$0 $0 $3,178 $3,178 
Non-working capital loans0 0 8,354 8,354 
Commercial real estate and multi-family residential loans:
Owner occupied loans0 0 425 425 
Agri-business and agricultural loans:
Loans secured by farmland0 0 35 35 
Total collateral dependent loans0 0 11,992 11,992 
Other real estate owned0 0 100 100 
Total assets$0 $0 $12,092 $12,092 
Schedule of Fair Value Measured on Nonrecurring Basis Valuation Techniques
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at September 30, 2023:
(dollars in thousands)Fair ValueValuation MethodologyUnobservable InputsAverageRange of Inputs
Collateral dependent loans:          
Commercial and industrial$5,019 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability74 %
10%-99%
Collateral dependent loans:    
Commercial real estate and multi-family residential loans369 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability75 %
Collateral dependent loans:
Agri-business and agricultural26 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability75 %
Other real estate owned384 AppraisalsDiscount to reflect current market conditions and ultimate collectability36 %
The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2022:
(dollars in thousands)Fair ValueValuation MethodologyUnobservable InputsAverageRange of Inputs
Collateral dependent loans:          
Commercial and industrial$11,532 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability62 %
29%-99%
Collateral dependent loans:    
Commercial real estate and multi-family residential loans425 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability57 %
37%-76%
Collateral dependent loans:    
Agri-business and agricultural35 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability76 %
Other real estate owned100 AppraisalsDiscount to reflect current market conditions and ultimate collectability68 %
Schedule of Fair Values and the Related Carrying Values of Financial Instruments
The following tables contain the estimated fair values and the related carrying values of the Company’s financial instruments. Items that are not financial instruments are not included.
September 30, 2023
Carrying
Value		Estimated Fair Value
(dollars in thousands)Level 1Level 2Level 3Total
Financial Assets:          
Cash and cash equivalents$146,280 $146,280 $0 $0 $146,280 
Securities available-for-sale975,532 2,861 970,681 1,990 975,532 
Securities held-to-maturity129,494 0 102,629 0 102,629 
Real estate mortgages held-for-sale572 0 594 0 594 
Loans, net4,798,860 0 0 4,598,444 4,598,444 
Mortgage banking derivative66 0 66 0 66 
Interest rate swap derivative42,035 0 42,035 0 42,035 
Federal Reserve and Federal Home Loan Bank Stock21,420 N/AN/AN/AN/A
Accrued interest receivable28,994 0 8,269 20,725 28,994 
Financial Liabilities:
Certificates of deposit1,072,091 0 1,060,130 0 1,060,130 
All other deposits4,584,984 4,584,984 0 0 4,584,984 
Federal Home Loan Bank advances90,000 90,000 0 0 90,000 
Interest rate swap derivative42,036 0 42,036 0 42,036 
Standby letters of credit353 0 0 353 353 
Accrued interest payable16,178 581 15,597 0 16,178 
December 31, 2022
Carrying
Value		Estimated Fair Value
(dollars in thousands)Level 1Level 2Level 3Total
Financial Assets:          
Cash and cash equivalents$130,282 $129,069 $1,213 $0 $130,282 
Securities available-for-sale1,185,528 3,034 1,180,419 2,075 1,185,528 
Securities held-to-maturity128,242 0 111,029 0 111,029 
Real estate mortgages held-for-sale357 0 372 0 372 
Loans, net4,637,790 0 0 4,454,678 4,454,678 
Mortgage banking derivative43 0 43 0 43 
Interest rate swap derivative36,920 0 36,920 0 36,920 
Federal Reserve and Federal Home Loan Bank Stock15,795 N/AN/AN/AN/A
Accrued interest receivable27,994 0 9,598 18,396 27,994 
Financial Liabilities:
Certificates of deposit626,186 0 621,206 0 621,206 
All other deposits4,834,434 4,834,434 0 0 4,834,434 
Federal Funds purchased22,000 22,000 0 0 22,000 
Federal Home Loan Bank advances275,000 275,000 0 0 275,000 
Interest rate swap derivative36,921 0 36,921 0 36,921 
Standby letters of credit249 0 0 249 249 
Accrued interest payable3,186 486 2,700 0 3,186