Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

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 June 30, 2017 and December 31, 2016, aggregated by the level in the fair value hierarchy within which those measurements fall:



	As of June 30, 2017		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	$	34,659	$	34,366	$	293	$	—
Government-sponsored entities	305,130		—		305,130		—
Municipal bonds	297,103		—		297,103		—
Mortgage-backed securities	546,504		—		546,504		—
Other	5,324		5,324		—		—
Total available-for-sale securities	1,188,720		39,690		1,149,030		—
Derivatives - interest rate customer swaps	16,120		—		16,120		—
Derivatives - customer foreign exchange forwards	1		—		1		—
Derivatives - risk participation agreement	1		—		1		—
Other investments	6,624		6,624		—		—

Liabilities:
Derivatives - interest rate customer swaps	$	16,294	$	—	$	16,294	$	—
Derivatives - customer foreign exchange forwards	1		—		1		—
Derivatives - interest rate swaps	736		—		736		—
Derivatives - risk participation agreement	141		—		141		—
Other liabilities	6,624		6,624		—		—



			Fair value measurements at reporting date using:
	As of December 31, 2016		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	$	39,936	$	39,293	$	643	$	—
Government-sponsored entities	336,664		—		336,664		—
Municipal bonds	293,397		—		293,397		—
Mortgage-backed securities	570,327		—		570,327		—
Other	23,808		23,808		—		—
Total available-for-sale securities	1,264,132		63,101		1,201,031		—
Derivatives - interest rate customer swaps	17,032		—		17,032		—
Derivatives - risk participation agreement	15		—		15		—
Other investments	6,110		6,110		—		—

Liabilities:
Derivatives - interest rate customer swaps	$	16,560	$	—	$	16,560	$	—
Derivatives - interest rate swaps	1,040		—		1,040		—
Derivatives - risk participation agreement	6		—		6		—
Other liabilities	6,110		6,110		—		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [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 June 30, 2017 and 2016, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall:



	As of June 30, 2017		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
	As of June 30, 2017		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2017			Six months ended June 30, 2017
	(In thousands)
Assets:
Impaired loans (1)	$	1,040	$	—	$	—	$	1,040	$	(221	)	$	(219	)

_____________________


(1)	Collateral-dependent impaired loans held at June 30, 2017 that had write-downs in fair value or whose specific reserve changed during the first six months of 2017.



	As of June 30, 2016		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
	As of June 30, 2016		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended June 30, 2016		Six months ended June 30, 2016
	(In thousands)
Assets:
Impaired loans (1)	$	7,806	$	—	$	—	$	7,806	$	—	$	(2,064	)

_____________________


(1)	Collateral-dependent impaired loans held at June 30, 2016 that had write-downs in fair value or whose specific reserve changed during the first six months of 2016.

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis, 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 June 30, 2017
	Fair Value		Valuation Technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	1,040	Appraisals of Collateral	Discount for costs to sell	0% - 7%	6%
Impaired Loans	$	1,040	Appraisals of Collateral	Appraisal adjustments	0% - 20%	16%



	As of June 30, 2016
	Fair Value		Valuation Technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	7,806	Appraisals of Collateral	Discount for costs to sell	6% - 13%	7%
Impaired Loans	$	7,806	Appraisals of Collateral	Appraisal adjustments	20% - 40%	37%

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:



	As of June 30, 2017
	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	$	97,032	$	97,032	$	97,032	$	—	$	—
Investment securities held-to-maturity	99,024		98,713		14,971		83,742		—
Loans held for sale	2,870		2,926		—		2,926		—
Loans, net	6,204,919		6,237,522		—		—		6,237,522
Other financial assets	78,887		78,887		—		78,887		—
FINANCIAL LIABILITIES:
Deposits	6,381,339		6,381,071		—		6,381,071		—
Securities sold under agreements to repurchase	29,232		29,232		—		29,232		—
Federal funds purchased	40,000		40,000		—		40,000		—
Federal Home Loan Bank borrowings	618,989		620,176		—		620,176		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,889		1,889		—		1,889		—



	As of December 31, 2016
	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	$	106,557	$	106,557	$	106,557	$	—	$	—
Investment securities held-to-maturity	93,079		92,604		—		92,604		—
Loans held for sale	3,464		3,428		—		3,428		—
Loans, net	6,036,277		6,021,611		—		—		6,021,611
Other financial assets	77,956		77,956		—		77,956		—
FINANCIAL LIABILITIES:
Deposits	6,085,146		6,084,765		—		6,084,765		—
Securities sold under agreements to repurchase	59,624		59,624		—		59,624		—
Federal funds purchased	80,000		80,000		—		80,000		—
Federal Home Loan Bank borrowings	734,205		734,941		—		734,941		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,942		1,942		—		1,942		—