Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2018 and December 31, 2017, aggregated by the level in the fair value hierarchy within which those measurements fall:



	As of June 30, 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	$	33,700	$	33,570	$	130	$	—
Government-sponsored entities	269,604		—		269,604		—
Municipal bonds	295,189		—		295,189		—
Mortgage-backed securities	470,532		—		470,532		—
Other	7,942		7,942		—		—
Total available-for-sale securities	1,076,967		41,512		1,035,455		—
Derivatives - interest rate customer swaps	26,865		—		26,865		—
Derivatives - interest rate swaps	1,197		—		1,197		—
Derivatives - risk participation agreement	24		—		24		—
Derivatives - customer foreign exchange forwards	1		—		1		—
Trading securities held in a “rabbi trust”	7,392		7,392		—		—

Liabilities:
Derivatives - interest rate customer swaps	$	27,290	$	—	$	27,290	$	—
Derivatives - risk participation agreement	113		—		113		—
Derivatives - customer foreign exchange forwards	1		—		1		—
Deferred compensation “rabbi trust”	7,392		7,392		—		—



			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		—
Trading securities held in a rabbi trust	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		—
Deferred compensation rabbi trust	7,062		7,062		—		—

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, 2018 and 2017, respectively, aggregated by the level in the fair value hierarchy within which those measurements fall.



	As of June 30, 2018		Fair value measurements at reporting date using:						Gain (losses) from fair value changes
	As of June 30, 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 June 30, 2018			Six months ended June 30, 2018
	(In thousands)
Assets:
Impaired loans (1)	$	3,051	$	—	$	—	$	3,051	$	(711	)	$	(927	)

_____________________


(1)	Collateral-dependent impaired loans held at June 30, 2018 that had write-downs in fair value or whose specific reserve changed during the first six months of 2018.



	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.

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

The following tables present 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, 2018
	Fair Value		Valuation Technique	Unobservable Input	Range of Inputs Utilized	Weighted Average of Inputs Utilized
	(In thousands)
Impaired Loans	$	3,051	Appraisals of Collateral	Discount for costs to sell	0% - 24%	9%
Impaired Loans	$	3,051	Appraisals of Collateral	Appraisal adjustments	0% - 20%	7%



	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%

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, 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	$	364,539	$	364,539	$	364,539	$	—	$	—
Investment securities held-to-maturity	78,955		76,747		11,904		64,843		—
Loans held for sale	4,622		4,691		—		4,691		—
Loans, net	6,693,659		6,680,524		—		—		6,680,524
Other financial assets	104,264		104,264		—		104,264		—
FINANCIAL LIABILITIES:
Deposits	6,620,179		6,617,149		—		6,617,149		—
Securities sold under agreements to repurchase	58,824		58,824		—		58,824		—
Federal Home Loan Bank borrowings	1,056,938		1,053,066		—		1,053,066		—
Junior subordinated debentures	106,363		96,363		—		—		96,363
Other financial liabilities	3,465		3,465		—		3,465		—



	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		—