FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

	June 30, 2020
	Level 1		Level 2		Level 3		Total
(in thousands)	Inputs		Inputs		Inputs		Fair Value
Available for sale securities:
Mortgage-backed securities:
US Government-sponsored enterprises	$	—	$	267,444	$	—	$	267,444
US Government agency		—		98,655		—		98,655
Private label		—		19,367		—		19,367
Obligations of states and political subdivisions thereof		—		159,287		—		159,287
Corporate bonds		—		96,821		—		96,821
Derivative assets		—		28,753		63		28,816
Derivative liabilities		—		(32,367)		(126)		(32,493)

	December 31, 2019
	Level 1		Level 2		Level 3		Total
(in thousands)	Inputs		Inputs		Inputs		Fair Value
Available for sale securities:
Mortgage-backed securities:
US Government-sponsored enterprises	$	—	$	321,969	$	—	$	321,969
US Government agency		—		99,661		—		99,661
Private label		—		19,533		—		19,533
Obligations of states and political subdivisions thereof		—		142,006		—		142,006
Corporate bonds		—		80,061		—		80,061
Derivative assets		—		6,791		59		6,850
Derivative liabilities		—		(8,102)		(84)		(8,186)

Schedule of Changes in Level 3 Assets Measured on a Recurring Basis

	Assets (Liabilities)
	Interest Rate Lock		Forward
(in thousands)	Commitments		Commitments
Three Months Ended June 30, 2020
Balance at beginning of period	$	93	$	(73)
Realized gain recognized in non-interest income		(30)		(53)
Balance at end of period	$	63	$	(126)
Six Months Ended June 30, 2020
Balance at beginning of period	$	59	$	(84)
Realized gain (loss) recognized in non-interest income		4		(42)
Balance at end of period	$	63	$	(126)

Schedule of Changes in Level 3 Liabilities Measured on a Recurring Basis

	Assets (Liabilities)
	Interest Rate Lock		Forward
(in thousands)	Commitments		Commitments
Three Months Ended June 30, 2020
Balance at beginning of period	$	93	$	(73)
Realized gain recognized in non-interest income		(30)		(53)
Balance at end of period	$	63	$	(126)
Six Months Ended June 30, 2020
Balance at beginning of period	$	59	$	(84)
Realized gain (loss) recognized in non-interest income		4		(42)
Balance at end of period	$	63	$	(126)

Schedule of Quantitative Information, Valuation, Recurring

	Fair Value		Fair Value
(in thousands,	June 30,		December 31,		Valuation	Unobservable	Unobservable
except ratios)	2020		2019		Techniques	Inputs	Input Value
Assets (Liabilities)
Interest Rate Lock Commitment	$	63	$	59	Historical trend	Closing Ratio		90	%
					Pricing Model	Origination Costs, per loan	$	1.7
Forward Commitments		(126)		(84)	Quoted prices for similar loans in active markets.	Freddie Mac pricing system		Pair-off contract price
Total	$	(63)	$	(25)

Summary of Applicable Non-Recurring Fair Value Measurements

									Fair Value
					Three Months Ended		Six Months Ended		Measurement Date as of
	June 30, 2020		December 31, 2019		June 30, 2020		June 30, 2020		June 30, 2020
	Level 3		Level 3		Total		Total		Level 3
(in thousands)	Inputs		Inputs		Gains (Losses)		Gains (Losses)		Inputs
Assets
Impaired loans	$	9,623	$	9,625	$	(1,288)	$	2	June 2020
Capitalized servicing rights		3,234		4,301		(663)		(1,067)	June 2020
Other real estate owned		2,318		2,236		113		82	August 2019
Premises held for sale		1,764		1,764		—		—	September 2019
Total	$	16,939	$	17,926	$	(1,838)	$	(983)

Schedule of Quantitative Information, Valuation, Non-recurring

(in thousands,	Fair Value				Range
except ratios)	June 30, 2020		Valuation Techniques	Unobservable Inputs	(Weighted Average)(a)
Assets
Impaired loans	$	6,924	Fair value of collateral-appraised value	Loss severity		0% to 70%
				Appraised value		$0 to $1,730
Impaired loans		2,699	Discount cash flow	Discount rate		3.50% to 9.50%
				Cash flows		$21 to $1,002
Capitalized servicing rights		3,234	Discounted cash flow	Constant prepayment rate (CPR)		15.95	%
				Discount rate		10.07	%
Other real estate owned		2,318	Fair value of collateral less selling costs	Appraised value	$	2,695
				Selling Costs		6% to 10%
Premises held for sale(b)		1,764	Fair value of asset less selling costs	Appraised value		$136 to $527
				Selling Costs		6	%
Total	$	16,939

(a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties.

(b) The carrying value of premises held for sale was $1.8 million as of June 30, 2020.

(in thousands,	Fair Value				Range
except ratios)	Dec 31, 2019		Valuation Techniques	Unobservable Inputs	(Weighted Average)(a)
Assets
Impaired loans	$	6,137	Fair value of collateral-appraised value	Loss severity		0% to 55.00%
				Appraised value		$0 to $6,915
Impaired loans		3,488	Discount cash flow	Discount rate		2.88% to 9.50%
				Cash flows		$22 to $1,002
Capitalized servicing rights		4,301	Discounted cash flow	Constant prepayment rate (CPR)		9.95	%
				Discount rate		10.07	%
Other real estate owned		2,236	Fair value of collateral less selling costs	Appraised value	$	2,695
				Selling Costs		10% to 20%
Premises held for sale(b)		1,764	Fair value of asset less selling costs	Appraised value	$	$136 to $527
				Selling Costs		6.00	%
Total	$	17,926

(a) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties.

(b) The carrying value of premises held for sale was $1.8 million as of December 31, 2019.

Summary of Estimated Fair Values, and Related Carrying Amounts, of Financial Instruments

	June 30, 2020
	Carrying		Fair
(in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	70,673	$	70,763	$	70,763	$	—	$	—
Securities available for sale		641,574		641,574		—		641,574		—
FHLB stock		20,265		20,265		—		20,265		—
Net loans		2,712,908		2,698,382		—		—		2,698,382
Accrued interest receivable		3,215		3,215		—		3,215		—
Cash surrender value of bank-owned life insurance policies		76,896		76,896		—		76,896		—
Derivative assets		28,816		28,816		—		28,753		63
Financial Liabilities
Non-maturity deposits	$	2,016,736	$	2,090,727	$	—	$	2,090,727	$	—
Time deposits		678,126		668,803		—		668,803		—
Short-term other borrowings		33,846		33,846		—		33,846		—
FHLB advances		381,781		387,053		—		387,053		—
FRB PPPLF		131,236		131,236		—		131,236		—
Subordinated borrowings		59,879		59,879		—		59,879		—
Derivative liabilities		(32,493)		(32,493)		—		(32,367)		(126)

	December 31, 2019
	Carrying		Fair
(in thousands)	Amount		Value		Level 1		Level 2		Level 3
Financial Assets
Cash and cash equivalents	$	56,910	$	56,910	$	56,910	$	—	$	—
Securities available for sale		663,230		663,230		—		663,230		—
FHLB stock		20,679		20,679		—		20,679		—
Net loans		2,625,739		2,634,147		—		—		2,634,147
Accrued interest receivable		3,294		3,294		—		3,294		—
Cash surrender value of bank-owned life insurance policies		75,863		75,863		—		75,863		—
Derivative assets		6,850		6,850		—		6,791		59
Financial Liabilities
Non-maturity deposits	$	1,763,116	$	1,751,481	$	—	$	1,751,481	$	—
Time deposits		932,635		932,886		—		932,886		—
Short-term other borrowings		44,832		44,831		—		44,831		—
FHLB advances		426,564		425,989		—		425,989		—
Subordinated borrowings		59,920		59,920		—		59,920		—
Derivative liabilities		8,186		8,186		—		8,102		84