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Fair Value Measurement and Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities Measured on Recurring Basis
The following table sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of the periods presented by level within the fair value hierarchy. During the nine months ended September 30, 2020, the Company did not make any transfers between any levels within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
(in thousands)Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total
Fair Value
September 30, 2020
Assets:
Investment securities, available for sale
U.S. Treasury and government agencies$10,955 $62,320 $— $73,275 
Mortgage-backed securities— 476,827 — 476,827 
Asset-backed securities— 40,711 — 40,711 
Obligations of states and political subdivisions— 164,710 — 164,710 
Debt securities— 27,808 — 27,808 
Total securities available for sale10,955 772,376 — 783,331 
Equity securities, at fair value898 13,178 — 14,076 
Derivative assets— 95,243 — 95,243 
Total Assets$11,853 $880,797 $— $892,650 
Liabilities:
Derivative liabilities$— $95,449 $— $95,449 
Total Liabilities$— $95,449 $— $95,449 
December 31, 2019
Assets:
Investment securities, available for sale
U.S. Treasury and government agencies$12,580 $123,067 $— $135,647 
Mortgage-backed securities— 551,064 — 551,064 
Obligations of states and political subdivisions— 60,021 — 60,021 
Debt securities— 9,168 — 9,168 
Total securities available for sale12,580 743,320 — 755,900 
Equity securities, at fair value1,735 14,738 — 16,473 
Derivative assets— 27,123 — 27,123 
Total Assets$14,315 $785,181 $— $799,496 
Liabilities:
Derivative liabilities$— $26,852 $— $26,852 
Total Liabilities$— $26,852 $— $26,852 
Fair Value of Assets Measured on Non-recurring Basis
The following table sets forth the Company’s assets subject to fair value adjustments (impairment) on a non-recurring basis. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
(in thousands)(Level 1)(Level 2)(Level 3)Total
Fair Value
September 30, 2020
Assets:
Impaired loans$— $— $4,224 $4,224 
Loans held for sale— 4,197 — 4,197 
December 31, 2019
Assets:
Impaired loans$— $— $5,789 $5,789 
Loans held for sale— 1,743 — 1,743 
Other real estate owned and other repossessed assets— — 563 563 
Carrying Values and Fair Values of Company's Financial Instruments
The following table presents the carrying values, fair values and placement in the fair value hierarchy of the Company’s financial instruments as of September 30, 2020 and December 31, 2019:
(in thousands)Carrying
Value		Fair
Value		Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
 
September 30, 2020
Financial Assets:
Investment securities held to maturity$97,893 $101,205 $— $98,705 $2,500 
Federal Home Loan Bank and other membership bank stocks
14,235 14,235 — 14,235 — 
Loans, net5,778,349 5,784,132 — — 5,784,132 
Financial Liabilities:
Certificates of deposit1,144,341 1,144,945 — 1,144,945 — 
Other borrowings135,111 138,863 — 138,863 — 
Subordinated debentures118,248 116,697 — — 116,697 
December 31, 2019
Financial Assets:
Investment securities held to maturity$123,975 $124,904 $— $121,503 $3,401 
Federal Home Loan Bank and other membership bank stocks
22,505 22,505 — 22,505 — 
Loans, net5,097,820 5,194,065 — — 5,194,065 
Financial Liabilities:
Certificates of deposit870,804 871,418 — 871,418 — 
Other borrowings165,816 166,505 — 166,505 — 
Subordinated debentures118,220 117,992 — — 117,992