Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	308,857	$	—	$	307,855	$	1,002
Pass-through mortgage securities		168,274		—		168,274		—
Collateralized mortgage obligations		94,686		—		94,686		—
Corporate bonds		111,167		—		111,167		—
	$	682,984	$	—	$	681,982	$	1,002
Financial Liabilities:
Derivative - interest rate swaps	$	203	$	—	$	203	$	—
December 31, 2021:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	327,171	$	—	$	326,201	$	970
Pass-through mortgage securities		182,957		—		182,957		—
Collateralized mortgage obligations		106,082		—		106,082		—
Corporate bonds		118,108		—		118,108		—
	$	734,318	$	—	$	733,348	$	970
Financial Liabilities:
Derivative - interest rate swaps	$	1,750	$	—	$	1,750	$	—

Financial Instruments

	Level of	March 31, 2022				December 31, 2021
	Fair Value	Carrying				Carrying
(in thousands)	Hierarchy	Amount		Fair Value		Amount		Fair Value
Financial Assets:
Cash and cash equivalents	Level 1	$	85,811	$	85,811	$	43,675	$	43,675
Loans (1)	Level 3		3,196,038		3,064,328		3,075,205		3,048,791
Restricted stock	n/a		18,123		n/a		21,524		n/a
Financial Liabilities:
Checking deposits	Level 1		1,479,806		1,479,806		1,400,998		1,400,998
Savings, NOW and money market deposits	Level 1		1,736,821		1,736,821		1,685,410		1,685,410
Time deposits (1)	Level 2		328,763		326,036		228,837		232,973
Short-term borrowings	Level 1		50,000		50,000		125,000		125,000
Long-term debt (1)	Level 2		186,322		185,505		186,322		188,413

(1) The decrease in fair value of loans, time deposits and long-term debt are due to an increase in interest rates.