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Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
The following tables present the Corporation’s assets measured at fair value on a non-recurring basis as of September 30, 2018 and December 31, 2017:
As of September 30, 2018
 
 
 
 
 
 
 
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
MSRs
$
6,586

 
$
—

 
$
—

 
$
6,586

Impaired loans and leases
12,593

 
—

 
—

 
12,593

OREO
529

 
—

 
—

 
529

   Total non-recurring fair value measurements
$
19,708

 
$
—

 
$
—

 
$
19,708

The following tables present the Corporation’s assets measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017:
As of September 30, 2018
 
 
 
 
 
 
 
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
Investment securities available for sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
100

 
$
100

 
$
—

 
$
—

Obligations of U.S. government & agencies
190,453

 
—

 
190,453

 
—

Obligations of state & political subdivisions
15,799

 
—

 
15,799

 
—

Mortgage-backed securities
284,421

 
—

 
284,421

 
—

Collateralized mortgage obligations
36,193

 
—

 
36,193

 
—

Other investment securities
1,098

 
—

 
1,098

 
—

Total investment securities available for sale
$
528,064

 
$
100

 
$
527,964

 
$
—

 
 
 
 
 
 
 
 
Investment securities trading:
 
 
 
 
 
 
 
Mutual funds
$
8,340

 
$
8,340

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps
$
5,886

 
$
—

 
$
5,886

 
$
—

     Total recurring fair value measurements
$
542,290

 
$
8,440

 
$
533,850

 
$
—

 
As of December 31, 2017
 
 
 
 
 
 
 
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
Investment securities available for sale:
 
 
 
 
 
 
 
U.S. Treasury securities
$
200,088

 
$
200,088

 
$
—

 
$
—

Obligations of U.S. government & agencies
151,044

 
—

 
151,044

 
—

Obligations of state & political subdivisions
21,310

 
—

 
21,310

 
—

Mortgage-backed securities
274,990

 
—

 
274,990

 
—

Collateralized mortgage obligations
36,662

 
—

 
36,662

 
—

Mutual funds
3,509

 
3,509

 
—

 
—

Other investment securities
1,599

 
—

 
1,599

 
—

Total investment securities available for sale
$
689,202

 
$
203,597

 
$
485,605

 
$
—

 
 
 
 
 
 
 
 
Investment securities trading:
 
 
 
 
 
 
 
Mutual funds
$
4,610

 
$
4,610

 
$
—

 
$
—

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps
$
1,898

 
$
—

 
$
1,898

 
$
—

     Total recurring fair value measurements
$
695,710

 
$
208,207

 
$
487,503

 
$
—

As of December 31, 2017
 
 
 
 
 
 
 
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
MSRs
$
6,397

 
$
—

 
$
—

 
$
6,397

Impaired loans and leases
13,954

 
—

 
—

 
13,954

OREO
304

 
—

 
—

 
304

   Total non-recurring fair value measurements
$
20,655

 
$
—

 
$
—

 
$
20,655