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Fair Value (Tables)
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets Measured on Recurring and Nonrecurring Basis
Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at March 31, 2021 and December 31, 2020 included:
(In thousands)Fair Value
Measurements		Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
At March 31, 2021    
Financial Assets
Available-for-sale debt securities1
$1,051,396 $199 $1,051,197 $— 
Derivative financial instruments2
11,305 — 11,305 — 
Loans held for sale2
60,924 — 60,924 — 
Loans3
9,929 — 1,368 8,561 
Other real estate owned4
15,549 — 3,390 12,159 
Equity securities5
6,416 6,416 — — 
Financial Liabilities
Derivative financial instruments2
$10,527 $— $10,527 $— 
At December 31, 2020
Financial Assets
Available-for-sale debt securities1
$1,398,157 $101 $1,398,056 $— 
Derivative financial instruments2
14,343 — 14,343 — 
Loans held for sale2
68,890 — 68,890 — 
Loans3
8,806 — 1,900 6,906 
Other real estate owned4
12,750 — 72 12,678 
Equity securities5
6,530 6,530 — — 
Financial Liabilities
Derivative financial instruments2
$13,339 $— $13,339 $— 
1See “Note D – Securities” for further detail of fair value of individual investment categories.
2Recurring fair value basis determined using observable market data.
3See “Note E – Loans.” Nonrecurring fair value adjustments to collateral-dependent loans reflect full or partial write-downs that are based on current appraised values of the collateral in accordance with ASC Topic 310.
4Fair value is measured on a nonrecurring basis in accordance with ASC Topic 360.
5An investment in shares of a mutual fund that invests primarily in CRA-qualified debt securities, reported at fair value in Other Assets. Recurring fair value basis is determined using market quotations.
Schedule of Aggregate Fair Value and Contractual Balance of Loans for Sale
The aggregate fair value and contractual balance of loans held for sale as of March 31, 2021 and December 31, 2020 is as follows:
(In thousands)March 31, 2021December 31, 2020
Aggregate fair value$60,924 $68,890 
Contractual balance59,387 66,415 
Excess1,537 2,475 
Schedule of Carrying Amount and Fair Value of Other Significant Financial Instruments Not Measured on a Recurring Basis
The carrying amount and fair value of the Company’s other financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of March 31, 2021 and December 31, 2020 is as follows:
(In thousands)Carrying AmountQuoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
March 31, 2021    
Financial Assets    
Debt securities held-to-maturity1
$512,307 $— $500,720 $— 
Time deposits with other banks750 — 760 — 
Loans, net5,651,563 — — 5,608,009 
Financial Liabilities
Deposit liabilities7,385,749 — — 7,388,104 
Subordinated debt71,436 — 58,285 — 
December 31, 2020
Financial Assets
Debt securities held-to-maturity1

$184,484 $— $192,179 $— 
Time deposits with other banks750 — 762 — 
Loans, net5,633,810 — — 5,686,019 
Financial Liabilities
Deposit liabilities6,932,561 — — 6,936,097 
Subordinated debt71,365 — 58,227 — 
1See “Note D – Securities” for further detail of individual investment categories.