Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and December 31, 2017, aggregated by the level in the fair value hierarchy within which those measurements fall:



	As of March 31, 2018		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	$	33,807	$	33,676	$	131	$	—
Government-sponsored entities	280,563		—		280,563		—
Municipal bonds	300,283		—		300,283		—
Mortgage-backed securities	486,935		—		486,935		—
Other	16,909		16,909		—		—
Total available-for-sale securities	1,118,497		50,585		1,067,912		—
Derivatives - interest rate customer swaps	22,810		—		22,810		—
Derivatives - customer foreign exchange forwards	1		—		1		—
Derivatives - interest rate swaps	1,286		—		1,286		—
Other investments	7,187		7,187		—		—

Liabilities:
Derivatives - interest rate customer swaps	$	23,097	$	—	$	23,097	$	—
Derivatives - customer foreign exchange forwards	1		—		1		—
Derivatives - risk participation agreement	142		—		142		—
Other liabilities	7,187		7,187		—		—



			Fair value measurements at reporting date using:
	As of December 31, 2017		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	$	34,299	$	34,096	$	203	$	—
Government-sponsored entities	302,501		—		302,501		—
Municipal bonds	303,058		—		303,058		—
Mortgage-backed securities	509,676		—		509,676		—
Other	20,794		20,794		—		—
Total available-for-sale securities	1,170,328		54,890		1,115,438		—
Derivatives - interest rate customer swaps	18,575		—		18,575		—
Derivatives - interest rate swaps	555		—		555		—
Derivatives - risk participation agreements	1		—		1		—
Derivatives - customer foreign exchange forwards	2		—		2		—
Other investments	7,062		7,062		—		—

Liabilities:
Derivatives - interest rate customer swaps	$	18,953	$	—	$	18,953	$	—
Derivatives - interest rate swaps	80		—		80		—
Derivatives - risk participation agreements	108		—		108		—
Derivatives - customer foreign exchange forwards	2		—		2		—
Other liabilities	7,062		7,062		—		—

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following table presents the Company’s assets and liabilities measured at fair value on a non-recurring basis during the period ended March 31, 2018, aggregated by the level in the fair value hierarchy within which those measurements fall. There were no collateral-dependent impaired loans held at March 31, 2017 that had write-downs in fair value or whose specific reserve changed during the first three months of 2017.



	As of March 31, 2018		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
	As of March 31, 2018		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Three months ended March 31, 2018
	(In thousands)
Assets:
Impaired loans (1)	$	1,835	$	—	$	—	$	1,835	$	(216	)

_____________________


(1)	Collateral-dependent impaired loans held at March 31, 2018 that had write-downs in fair value or whose specific reserve changed during the first three months of 2018.

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 March 31, 2018
	Fair Value		Valuation Technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	1,835	Appraisals of Collateral	Discount for costs to sell	0% - 24%	14%
Impaired Loans	$	1,835	Appraisals of Collateral	Appraisal adjustments	0% - 26%	16%

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 March 31, 2018
	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	$	77,085	$	77,085	$	77,085	$	—	$	—
Investment securities held-to-maturity	70,809		68,887		—		68,887		—
Loans held for sale	3,918		3,967		—		3,967		—
Loans, net	6,529,429		6,474,781		—		—		6,474,781
Other financial assets	87,709		87,709		—		87,709		—
FINANCIAL LIABILITIES:
Deposits	6,584,322		6,582,187		—		6,582,187		—
Securities sold under agreements to repurchase	85,257		85,257		—		85,257		—
Federal Home Loan Bank borrowings	611,588		607,606		—		607,606		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	1,993		1,993		—		1,993		—



	As of December 31, 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	$	120,541	$	120,541	$	120,541	$	—	$	—
Investment securities held-to-maturity	74,576		73,781		—		73,781		—
Loans held for sale	4,697		4,737		—		4,737		—
Loans, net	6,430,286		6,388,297		—		—		6,388,297
Other financial assets	93,449		93,449		—		93,449		—
FINANCIAL LIABILITIES:
Deposits	6,510,246		6,509,197		—		6,509,197		—
Securities sold under agreements to repurchase	32,169		32,169		—		32,169		—
Federal funds purchased	30,000		30,000		—		30,000		—
Federal Home Loan Bank borrowings	693,681		692,402		—		692,402		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	2,224		2,224		—		2,224		—