Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis

The following table presents assets and liabilities measured at fair value (in thousands):

	Total		Level 1		Level 2		Level 3		Total Gains (Losses)
September 30, 2022
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	249,996	$	—	$	249,996	$	—
Mortgage-backed securities:
U.S. Government agencies	1,203,802		—		1,203,802		—
Private label	7,328		—		4,759		2,569
Trust preferred securities	3,945		—		3,945		—
Corporate securities	24,321		—		24,321		—
Marketable equity securities	7,889		3,986		3,903		—
Certificates of deposit held for investment	996		—		996		—
Derivative assets	87,243		—		87,243		—
Financial Liabilities
Derivative liabilities	69,361		—		69,361		—
Nonrecurring fair value measurements
Non-Financial Assets
Other real estate owned	1,071		—		—		1,071		(20)
December 31, 2021
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	272,216	$	—	$	272,216	$	—
Mortgage-backed securities:
U.S. Government agencies	1,094,311		—		1,094,311		—
Private label	9,108		—		5,647		3,461
Trust preferred securities	4,203		—		4,203		—
Corporate securities	28,327		—		28,327		—
Marketable equity securities	9,211		4,134		5,077		—
Certificates of deposit held for investment	996		—		996		—
Derivative assets	29,029		—		29,029		—
Financial Liabilities
Derivative liabilities	24,283		—		24,283		—
Nonrecurring fair value measurements
Financial Assets
Loans individually evaluated	$	—	$	—	$	—	$	—	$	(478)
Non-Financial Assets
Other real estate owned	1,319		—		—		1,319		(2)

Schedule Of Estimates Of Fair Value Of Financial Instruments

The following table represents the estimates of fair value of financial instruments (in thousands). For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity.

	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
September 30, 2022
Assets:
Cash and cash equivalents	$	298,353	$	298,353	$	298,353	$	—	$	—
Securities available-for-sale	1,489,392		1,489,392		—		1,486,823		2,569
Marketable equity securities	7,889		7,889		3,986		3,903		—
Net loans	3,611,741		3,521,447		—		—		3,521,447
Accrued interest receivable	17,256		17,256		17,256		—		—
Derivative assets	87,243		87,243		—		87,243		—
Liabilities:
Deposits	4,957,805		4,958,800		4,018,036		940,764		—
Short-term debt	304,807		304,807		—		304,807		—
Accrued interest payable	474		474		474		—		—
Derivative liabilities	69,361		69,361		—		69,361		—
December 31, 2021
Assets:
Cash and cash equivalents	$	634,631	$	634,631	$	634,631	$	—	$	—
Securities available-for-sale	1,408,165		1,408,165		—		1,404,704		3,461
Marketable equity securities	9,211		9,211		4,134		5,077		—
Net loans	3,525,648		3,456,539		—		—		3,456,539
Accrued interest receivable	15,627		15,627		15,627		—		—
Derivative assets	29,029		29,029		—		29,029		—
Liabilities:
Deposits	4,925,336		4,926,724		3,856,421		1,070,303		—
Short-term debt	312,458		312,458		—		312,458		—
Accrued interest payable	600		600		600		—		—
Derivative liabilities	24,283		24,283		—		24,283		—