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Fair Value Of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Of Financial Instruments [Abstract]  
Assets Measured On Recurring Basis

Fair Value Measurements Using:

Quoted Prices

Significant

in Active

Other

Significant

Markets for

Observable

Unobservable

Identical Assets

Inputs

Inputs

(in thousands)

Total

(Level 1)

(Level 2)

(Level 3)

September 30, 2019:

Financial Assets:

Available-for-Sale Securities:

State and municipals

$

391,165

$

$

390,895

$

270

Pass-through mortgage securities

62,412

62,412

Collateralized mortgage obligations

145,998

145,998

Corporate bonds

116,425

116,425

U.S. Treasury bills

12,495

12,495

$

728,495

$

12,495

$

715,730

$

270

Financial Liabilities:

Derivatives - interest rate swaps

$

5,464

$

$

5,464

$

December 31, 2018:

Financial Assets:

Available-for-Sale Securities:

State and municipals

$

420,038

$

$

420,038

$

Pass-through mortgage securities

65,486

65,486

Collateralized mortgage obligations

154,901

154,901

Corporate bonds

117,590

117,590

$

758,015

$

$

758,015

$

Financial Liabilities:

Derivative - interest rate swap

$

1,130

$

$

1,130

$

Financial Instruments

Level of

September 30, 2019

December 31, 2018

Fair Value

Carrying

Carrying

(in thousands)

Hierarchy

Amount

Fair Value

Amount

Fair Value

Financial Assets:

Cash and cash equivalents

Level 1

$

63,888

$

63,888

$

47,358

$

47,358

Held-to-maturity securities

Level 2

2,345

2,385

2,445

2,493

Held-to-maturity securities

Level 3

1,638

1,638

3,059

3,059

Loans

Level 3

3,167,278

3,141,314

3,232,561

3,079,946

Restricted stock

Level 1

30,134

30,134

40,686

40,686

Financial Liabilities:

Checking deposits

Level 1

919,744

919,744

935,574

935,574

Savings, NOW and money market deposits

Level 1

1,745,284

1,745,284

1,590,341

1,590,341

Time deposits

Level 2

561,795

566,027

559,057

553,900

Short-term borrowings

Level 1

151,625

151,625

388,923

388,923

Long-term debt

Level 2

360,472

362,495

362,027

354,651