Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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)
September 30, 2022:
Financial Assets:
Available-for-Sale Securities:
State and municipals	$	293,273	$	—	$	292,706	$	567
Pass-through mortgage securities		145,058		—		145,058		—
Collateralized mortgage obligations		116,785		—		116,785		—
Corporate bonds		109,105		—		109,105		—
	$	664,221	$	—	$	663,654	$	567
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	September 30, 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	$	62,210	$	62,210		$	43,675	$	43,675
Loans	Level 3		3,301,856		3,024,385	(1)		3,075,205		3,048,791
Restricted stock	n/a		21,601		n/a			21,524		n/a
Financial Liabilities:
Checking deposits	Level 1		1,397,166		1,397,166			1,400,998		1,400,998
Savings, NOW and money market deposits	Level 1		1,784,964		1,784,964			1,685,410		1,685,410
Time deposits	Level 2		404,627		392,853			228,837		232,973
Short-term borrowings	Level 1		40,000		40,000			125,000		125,000
Long-term debt	Level 2		264,835		260,629			186,322		188,413

(1) The decrease in fair value of loans is due to an increase in interest rates.