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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables present the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and 2014, aggregated by the level in the fair value hierarchy within which those measurements fall:
 
As of December 31, 2015
 
Fair value measurements at reporting date using:
 
Quoted prices in
active markets
for identical
assets (Level 1)
 
Significant other
observable 
inputs (Level 2)
 
Significant
unobservable
inputs (Level 3)
(In thousands)
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
U.S. government and agencies
$
21,251

 
$
20,251

 
$
1,000

 
$

Government-sponsored entities
344,562

 

 
344,562

 

Municipal bonds
268,644

 

 
268,644

 

Mortgage-backed securities
427,041

 

 
427,041

 

Other
23,012

 
23,012

 

 

Total available-for-sale securities
1,084,510

 
43,263

 
1,041,247

 

Derivatives - interest rate customer swaps
7,960

 

 
7,960

 

Other investments
5,602

 
5,602

 

 

Liabilities:
 
 
 
 
 
 
 
Derivative - interest rate customer swaps
$
8,084

 
$

 
$
8,084

 
$

Derivatives - interest rate swaps
1,907

 

 
1,907

 

Derivatives - risk participation agreement
11

 

 
11

 

Other liabilities
5,602

 
5,602

 

 



 
As of December 31, 2014
 
Fair value measurements at reporting date using:
Quoted prices in
active markets
for identical
assets (Level 1)
 
Significant other
observable 
inputs (Level 2)
 
Significant
unobservable
inputs (Level 3)
(In thousands)
Assets:
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
U.S. government and agencies
$
16,882

 
$
15,377

 
$
1,505

 
$

Government-sponsored entities
274,253

 

 
274,253

 

Municipal bonds
235,248

 

 
235,248

 

Mortgage-backed securities
283,704

 

 
283,704

 

Other
19,906

 
19,906

 

 

Total available-for-sale securities
829,993

 
35,283

 
794,710

 

Derivatives - interest rate customer swaps
5,323

 

 
5,323

 

Derivatives - interest rate swaps
34

 

 
34

 

Other investments
5,437

 
5,437

 

 

Liabilities:
 
 
 
 
 
 
 
Derivatives - interest rate customer swaps
$
5,434

 
$

 
$
5,434

 
$

Derivatives - interest rate swaps
1,584

 

 
1,584

 

Derivatives-junior subordinated debenture interest rate swap
1,768

 

 
1,768

 

Fair Value Measurements, Nonrecurring [Table Text Block]
The following tables present the Company’s assets and liabilities measured at fair value on a non-recurring basis during the periods ended December 31, 2015 and 2014, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall.
 
As of December 31, 2015
 
Fair value measurements at reporting date using:
 
Gain (losses) from fair value changes
Quoted prices in
active markets
for identical
assets (Level 1)
 
Significant 
other
observable
inputs (Level 2)
 
Significant
unobservable
inputs (Level 3)
 
Year ended December 31, 2015
(In thousands)
 
 
Assets:
 
 
 
 
 
 
 
 
 
Impaired loans (1)
$
2,322

 
$

 
$

 
$
2,322

 
$
(514
)
 
$
2,322

 
$

 
$

 
$
2,322

 
$
(514
)
___________________
(1)
Collateral-dependent impaired loans held at December 31, 2015 that had write-downs in fair value or whose specific reserve changed during 2015.

 
As of December 31, 2014
 
Fair value measurements at reporting date using:
 
Gain (losses) from fair value changes
Quoted prices in
active markets
for identical
assets (Level 1)
 
Significant other
observable 
inputs (Level 2)
 
Significant
unobservable
inputs (Level 3)
 
Year ended December 31, 2014
(In thousands)
 
 
Assets:
 
 
 
 
 
 
 
 
 
Impaired loans (1)
$
10,094

 
$

 
$

 
$
10,094

 
$
(3,925
)
 
$
10,094

 
$

 
$

 
$
10,094

 
$
(3,925
)
___________________
(1)
Collateral-dependent impaired loans held at December 31, 2014 that had write-downs in fair value or whose specific reserve changed during 2014.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]
The following table presents additional quantitative information about assets measured at fair value on a non-recurring basis for which the Company has utilized Level 3 inputs to determine fair value.
 
As of December 31, 2015
 
Fair Value
 
Valuation
technique
 
Unobservable
Input
 
Range of
Inputs
Utilized
 
Weighted
Average of
Inputs
Utilized
 
(In thousands)
 
 
Impaired Loans
$
2,322

 
Appraisals of Collateral
 
Discount for costs to sell
 
7% - 24%
 
12%
Appraisal adjustments
 
20% - 25%
 
21%
 
As of December 31, 2014
 
Fair Value
 
Valuation
technique
 
Unobservable
Input
 
Range of
Inputs
Utilized
 
Weighted
Average of
Inputs
Utilized
 
(In thousands)
 
 
Impaired Loans
$
10,094

 
Appraisals of Collateral
 
Discount for costs to sell
 
0% - 10%
 
3%
Appraisal adjustments
 
0% - 25%
 
2%
Fair Value, by Balance Sheet Grouping [Table Text Block]
The following tables present the carrying values and fair values of the Company’s financial instruments that are not measured at fair value on a recurring basis (other than certain loans, as noted below):
 
As of December 31, 2015
Book Value
 
Fair Value
 
Quoted prices 
in active
markets for
identical assets 
(Level 1)
 
Significant 
other
observable
inputs (Level 2)
 
Significant
unobservable
inputs (Level 3)
(In thousands)
FINANCIAL ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
238,694

 
$
238,694

 
$
238,694

 
$

 
$

Investment securities held-to-maturity
116,352

 
116,384

 

 
116,384

 

Loans held for sale
8,072

 
8,144

 

 
8,144

 

Loans, net
5,640,712

 
5,658,254

 

 

 
5,658,254

Other financial assets
118,233

 
118,233

 

 
118,233

 

FINANCIAL LIABILITIES:
 
 
 
 
 
 

 
 
Deposits
6,040,437

 
6,041,239

 

 
6,041,239

 

Securities sold under agreements to repurchase
58,215

 
58,215

 

 
58,215

 

Federal Home Loan Bank borrowings
461,324

 
465,100

 

 
465,100

 

Junior subordinated debentures
106,363

 
96,363

 

 

 
96,363

Other financial liabilities
1,978

 
1,978

 

 
1,978

 


 
As of December 31, 2014
Book Value
 
Fair Value
 
Quoted prices 
in active
markets for
identical assets 
(Level 1)
 
Significant 
other
observable
inputs (Level 2)
 
Significant
unobservable
inputs (Level 3)
(In thousands)
FINANCIAL ASSETS:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
172,609

 
$
172,609

 
$
172,609

 
$

 
$

Investment securities held-to-maturity
140,727

 
142,339

 

 
142,339

 

Loans held for sale
7,099

 
7,239

 

 
7,239

 

Loans, net
5,194,098

 
5,130,843

 

 

 
5,130,843

Other financial assets
114,686

 
114,686

 

 
114,686

 

FINANCIAL LIABILITIES:
 
 
 
 
 
 
 
 
 
Deposits
5,453,879

 
5,457,117

 

 
5,457,117

 

Securities sold under agreements to repurchase
30,496

 
30,493

 

 
30,493

 

Federal Home Loan Bank borrowings
370,150

 
376,320

 

 
376,320

 

Junior subordinated debentures
106,363

 
96,363

 

 

 
96,363

Other financial liabilities
7,357

 
7,357

 

 
7,357