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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 A Recurring And Nonrecurring Basis The following table presents assets and liabilities measured at fair value (in thousands):
TotalLevel 1Level 2Level 3
September 30, 2024    
Recurring fair value measurements    
Financial Assets    
Obligations of states and political subdivisions$211,945 $— $211,945 $— 
Mortgage-backed securities: 
U.S. Government agencies1,214,065 — 1,214,065 — 
Private label6,296 — 5,002 1,294 
Trust preferred securities4,515 — 4,515 — 
Corporate securities25,974 — 25,974 — 
Marketable equity securities7,225 2,356 4,869 — 
Derivative assets44,826 — 44,826 — 
Financial Liabilities    
Derivative liabilities38,452 — 38,452 — 
Nonrecurring fair value measurements    
Non-Financial Assets
     Other real estate owned729 — — 729 
December 31, 2023    
Recurring fair value measurements    
Financial Assets    
Obligations of states and political subdivisions$212,738 $— $212,738 $— 
Mortgage-backed securities: 
U.S. Government agencies1,088,093 — 1,088,093 — 
Private label6,704 — 4,833 1,871 
Trust preferred securities4,278 — 4,278 — 
Corporate securities26,324 — 26,324 — 
Marketable equity securities7,538 3,093 4,445 — 
Certificates of deposit held for investment— — — — 
Derivative assets60,527 — 60,527 — 
Financial Liabilities 
Derivative liabilities48,578 — 48,578 — 
Nonrecurring fair value measurements    
Non-Financial Assets
Other real estate owned731 — — 731 
Fair Value Measurement Inputs and Valuation Techniques
The following table presents the changes in Level 3 assets recorded at fair value on a recurring basis during the periods indicated (in thousands):
    
September 30, 2024December 31, 2023
Beginning balance$1,871 $2,459 
Changes in fair value(13)95 
Changes due to principal reduction(564)(683)
Ending balance$1,294 $1,871 
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 AmountFair ValueLevel 1Level 2Level 3
September 30, 2024     
Assets:
   Cash and cash equivalents$293,949 $293,949 $293,949 $— $— 
   Securities available-for-sale1,462,795 1,462,795 — 1,461,501 1,294 
   Marketable equity securities7,225 7,225 2,356 4,869 — 
   Net loans4,135,998 3,954,014 — — 3,954,014 
   Accrued interest receivable21,785 21,785 — 21,785 — 
   Derivative assets44,826 44,826 — 44,826 — 
Liabilities:
   Deposits5,102,651 4,958,096 3,763,113 1,194,983 — 
Short-term debt339,153 339,153 — 339,153 — 
   FHLB long-term advances150,000 152,530 — 152,530 — 
   Accrued interest payable6,720 6,720 — 6,720 — 
   Derivative liabilities38,452 38,452 — 38,452 — 
December 31, 2023     
Assets:     
   Cash and cash equivalents$156,276 $156,276 $156,276 $— $— 
   Securities available-for-sale1,338,137 1,338,137 — 1,336,266 1,871 
   Marketable equity securities7,538 7,538 3,093 4,445 — 
   Net loans4,103,178 3,922,638 — — 3,922,638 
   Accrued interest receivable20,290 20,290 — 20,290 — 
   Derivative assets60,527 60,527 — 60,527 — 
Liabilities:
   Deposits4,934,262 4,617,487 3,591,458 1,026,029 — 
Short-term debt334,856 334,856 — 334,856 — 
FHLB long-term advances100,000 99,928 — 99,928 — 
   Accrued interest payable4,301 4,301 — 4,301 — 
   Derivative liabilities48,578 48,578 — 48,578 —