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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
Fair value of assets measured on a recurring basis as of December 31, 2018:
 
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
Investment securities available for sale:
 
 
             

 
             

 
             

U.S. Treasury securities
$
200,013

 
$
200,013

 
$

 
$

Obligations of U.S. government & agencies
195,855

 

 
195,855

 

Obligations of state & political subdivisions
11,332

 

 
11,332

 

Mortgage-backed securities
289,890

 

 
289,890

 

Collateralized mortgage obligations
39,252

 

 
39,252

 

Other investment securities
1,100

 

 
1,100

 

Total investment securities available for sale
$
737,442

 
$
200,013

 
$
537,429

 
$

 
 
 
 
 
 
 
 
Investment securities trading:
 
 
 
 
 
 
 
Mutual funds
$
7,502

 
$
7,502

 
$

 
$

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
Interest rate swaps
12,550

 

 
12,550

 

RPAs purchased
71

 

 
71

 

Total derivatives
$
12,621

 
$

 
$
12,621

 
$

 
 
 
 
 
 
 
 
Total assets measured on a recurring basis at fair value
$
757,565

 
$
207,515

 
$
550,050

 
$

Fair value of assets measured on a non-recurring basis as of December 31, 2018:
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
Mortgage servicing rights
$
6,277

 
$

 
$

 
$
6,277

Impaired loans and leases
22,112

 

 

 
22,112

OREO
417

 

 

 
417

Total assets measured at fair value on a non-recurring basis
$
28,806

 
$

 
$

 
$
28,806

Fair value of assets measured on a recurring basis 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
1,895

 

 
1,895

 

RPAs purchased
21

 

 
21

 
 
Total derivatives
$
1,916

 
$

 
$
1,916

 
$

 
 
 
 
 
 
 
 
     Total recurring fair value measurements
$
695,728

 
$
208,207

 
$
487,521

 
$

Fair value of assets measured on a non-recurring basis as of December 31, 2017
(dollars in thousands)
Total
 
Level 1
 
Level 2
 
Level 3
Mortgage servicing rights
$
6,397

 
$

 
$

 
$
6,397

Impaired loans and leases
13,954

 

 

 
13,954

OREO
304

 

 

 
304

Total assets measured at fair value on a non-recurring basis
$
20,655

 
$

 
$

 
$
20,655