Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

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)
March 31, 2020:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	375,843	$	—	$	374,066	$	1,777
Pass-through mortgage securities		58,643		—		58,643		—
Collateralized mortgage obligations		142,295		—		142,295		—
Corporate bonds		102,682		—		102,682		—
	$	679,463	$	—	$	677,686	$	1,777
Financial Liabilities:
Derivative - interest rate swaps	$	8,183	$	—	$	8,183	$	—
December 31, 2019:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	382,143	$	—	$	380,299	$	1,844
Pass-through mortgage securities		61,372		—		61,372		—
Collateralized mortgage obligations		138,199		—		138,199		—
Corporate bonds		115,830		—		115,830		—
	$	697,544	$	—	$	695,700	$	1,844
Financial Liabilities:
Derivative - interest rate swaps	$	4,418	$	—	$	4,418	$	—

Financial Instruments

	Level of	March 31, 2020				December 31, 2019
	Fair Value	Carrying				Carrying
(in thousands)	Hierarchy	Amount		Fair Value		Amount		Fair Value
Financial Assets:
Cash and cash equivalents	Level 1	$	120,208	$	120,208	$	38,968	$	38,968
Loans	Level 3		3,089,196		3,137,153		3,158,960		3,113,442
Restricted stock	Level 1		30,224		30,224		30,899		30,899
Financial Liabilities:
Checking deposits	Level 1		973,355		973,355		911,978		911,978
Savings, NOW and money market deposits	Level 1		1,682,389		1,682,389		1,720,599		1,720,599
Time deposits	Level 2		518,093		527,935		511,439		515,019
Short-term borrowings	Level 1		60,599		60,599		190,710		190,710
Long-term debt	Level 2		452,472		463,002		337,472		339,445