XML 64 R49.htm IDEA: XBRL DOCUMENT
v3.22.0.1

FAIR VALUE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
FAIR VALUE |
Fair Value Measured on a Recurring Basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total Fair
(000’s omitted) |  | Level 1 |  | Level 2 |  | Level 3 |  | Value
Available-for-sale investment securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Treasury and agency securities | ​ | $ | 3,900,924 | ​ | $ | 97,640 | ​ | $ | 0 | ​ | $ | 3,998,564
Obligations of state and political subdivisions | ​ |  | 0 | ​ |  | 430,289 | ​ |  | 0 | ​ |  | 430,289
Government agency mortgage-backed securities | ​ |  | 0 | ​ |  | 477,056 | ​ |  | 0 | ​ |  | 477,056
Corporate debt securities | ​ |  | 0 | ​ |  | 7,962 | ​ |  | 0 | ​ |  | 7,962
Government agency collateralized mortgage obligations | ​ |  | 0 | ​ |  | 20,339 | ​ |  | 0 | ​ |  | 20,339
Total available-for-sale investment securities | ​ |  | 3,900,924 | ​ |  | 1,033,286 | ​ |  | 0 | ​ |  | 4,934,210
Equity securities | ​ |  | 463 | ​ |  | 0 | ​ |  | 0 | ​ |  | 463
Commitments to originate real estate loans for sale | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 51 | ​ | ​ | 51
Forward sales commitments | ​ | ​ | 0 | ​ | ​ | 32 | ​ | ​ | 0 | ​ | ​ | 32
Interest rate swap agreements asset | ​ |  | 0 | ​ |  | 296 | ​ |  | 0 | ​ |  | 296
Interest rate swap agreements liability | ​ |  | 0 | ​ |  | (3) | ​ |  | 0 | ​ |  | (3)
Total | ​ | $ | 3,901,387 | ​ | $ | 1,033,611 | ​ | $ | 51 | ​ | $ | 4,935,049
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total Fair
(000’s omitted) |  | Level 1 |  | Level 2 |  | Level 3 |  | Value
Available-for-sale investment securities: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
U.S. Treasury and agency securities | ​ | $ | 2,359,912 | ​ | $ | 141,470 | ​ | $ | 0 | ​ | $ | 2,501,382
Obligations of state and political subdivisions | ​ |  | 0 | ​ |  | 475,660 | ​ |  | 0 | ​ |  | 475,660
Government agency mortgage-backed securities | ​ |  | 0 | ​ |  | 522,638 | ​ |  | 0 | ​ |  | 522,638
Corporate debt securities | ​ |  | 0 | ​ |  | 4,635 | ​ |  | 0 | ​ |  | 4,635
Government agency collateralized mortgage obligations | ​ |  | 0 | ​ |  | 43,577 | ​ |  | 0 | ​ |  | 43,577
Total available-for-sale investment securities | ​ |  | 2,359,912 | ​ |  | 1,187,980 | ​ |  | 0 | ​ |  | 3,547,892
Equity securities | ​ |  | 445 | ​ |  | 0 | ​ |  | 0 | ​ |  | 445
Mortgage loans held for sale | ​ |  | 0 | ​ |  | 1,622 | ​ |  | 0 | ​ |  | 1,622
Commitments to originate real estate loans for sale | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 14 | ​ | ​ | 14
Forward sales commitments | ​ | ​ | 0 | ​ | ​ | 2 | ​ | ​ | 0 | ​ | ​ | 2
Interest rate swap agreements asset | ​ |  | 0 | ​ |  | 1,572 | ​ |  | 0 | ​ |  | 1,572
Interest rate swap agreements liability | ​ |  | 0 | ​ |  | (1,074) | ​ | ​ | 0 | ​ |  | (1,074)
Total | ​ | $ | 2,360,357 | ​ | $ | 1,190,102 | ​ | $ | 14 | ​ | $ | 3,550,473
​
Assets and Liabilities Measured on a Non-Recurring Basis | Assets and liabilities measured on a non-recurring basis: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | December 31, 2020
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | Total Fair |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | Total Fair
(000's omitted) | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Value
Individually assessed loans | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 1,820 |  | $ | 1,820 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 25,063 |  | $ | 25,063
Other real estate owned | ​ |  | 0 | ​ |  | 0 | ​ |  | 718 |  |  | 718 | ​ |  | 0 | ​ |  | 0 | ​ |  | 883 |  |  | 883
Mortgage servicing rights | ​ |  | 0 | ​ |  | 0 | ​ |  | 810 |  |  | 810 | ​ |  | 0 | ​ |  | 0 | ​ |  | 682 |  |  | 682
Contingent consideration | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | (3,100) | ​ | ​ | (3,100) | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0 | ​ | ​ | 0
Total | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 248 |  | $ | 248 | ​ | $ | 0 | ​ | $ | 0 | ​ | $ | 26,628 |  | $ | 26,628
​
Significant Unobservable Inputs, Fair Value Valuation Techniques | The significant unobservable inputs used in the determination of fair value of assets classified as Level 3 on a recurring or non-recurring basis as of December 31, 2021 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Significant |  | Significant Unobservable |
​ | ​ | ​ | ​ | ​ | Valuation | ​ | Unobservable | ​ | Input Range |
(000’s omitted) | ​ | Fair Value | ​ | Technique | ​ | Inputs | ​ | (Weighted Average) |
Individually assessed loans | ​ | $ | 1,820 |  | Fair value of collateral |  | Estimated cost of disposal/market adjustment |  | ​ | 9.0% - 43.1% (43.1%) | ​
Other real estate owned | ​ |  | 718 |  | Fair value of collateral |  | Estimated cost of disposal/market adjustment |  | ​ | 31.8% - 42.3% (33.3%) | ​
Commitments to originate real estate loans for sale | ​ | ​ | 51 | ​ | Discounted cash flow | ​ | Embedded servicing value | ​ | ​ | 1.0 | %
Mortgage servicing rights | ​ |  | 810 |  | Discounted cash flow |  | Weighted average constant prepayment rate |  | ​ | 6.4% - 15.2% (14.0%) | ​
​ | ​ | ​ | ​ | ​ | ​ |  | Weighted average discount rate |  | ​ | 2.3% - 2.7% (2.6%) | ​
​ | ​ | ​ | ​ | ​ | ​ |  | Adequate compensation | ​ | $ | 7/loan | ​
Contingent consideration | ​ | ​ | (3,100) | ​ | Discounted cash flow | ​ | Discount rate | ​ | ​ | 1.4% - 1.7% (1.5%) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Probability adjusted level of retained revenue | ​ | ​ | $3.0 million - $5.8 million | ​
​ The significant unobservable inputs used in the determination of fair value of assets classified as Level 3 on a recurring or non-recurring basis as of December 31, 2020 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Significant |  | Significant Unobservable |
​ | ​ | ​ | ​ | ​ | Valuation | ​ | Unobservable | ​ | Input Range |
(000’s omitted) | ​ | Fair Value | ​ | Technique | ​ | Inputs | ​ | (Weighted Average) |
Individually assessed loans | ​ | $ | 25,063 |  | Fair value of collateral |  | Estimated cost of disposal/market adjustment |  | ​ | 9.0% - 78.4% (52.7%) | ​
Other real estate owned | ​ |  | 883 |  | Fair value of collateral |  | Estimated cost of disposal/market adjustment |  | ​ | 11.3% - 52.9% (34.0%) | ​
Commitments to originate real estate loans for sale | ​ | ​ | 14 | ​ | Discounted cash flow | ​ | Embedded servicing value | ​ | ​ | 1.0 | %
Mortgage servicing rights | ​ |  | 682 |  | Discounted cash flow |  | Weighted average constant prepayment rate |  | ​ | 9.8% - 18.8% (17.6%) | ​
​ | ​ | ​ | ​ | ​ | ​ |  | Weighted average discount rate |  | ​ | 1.7% - 2.2% (2.1%) | ​
​ | ​ | ​ | ​ | ​ | ​ |  | Adequate compensation | ​ | $ | 7/loan | ​
​
Carrying Amounts and Estimated Fair Values of Other Financial Instruments | The carrying amounts and estimated fair values of the Company’s other financial instruments that are not accounted for at fair value at December 31, 2021 and 2020 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | December 31, 2020
​ |  | Carrying |  | ​ |  | Carrying |  | ​
(000's omitted) | ​ | Value | ​ | Fair Value | ​ | Value | ​ | Fair Value
Financial assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Net loans | ​ | $ | 7,323,770 | ​ | $ | 7,523,024 | ​ | $ | 7,355,083 | ​ | $ | 7,655,044
Financial liabilities: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Deposits | ​ |  | 12,911,168 | ​ |  | 12,911,197 | ​ |  | 11,224,974 | ​ |  | 11,239,628
Securities sold under agreement to repurchase, short-term | ​ |  | 324,720 | ​ |  | 324,720 | ​ |  | 284,008 | ​ |  | 284,008
Other Federal Home Loan Bank borrowings | ​ |  | 1,888 | ​ |  | 1,907 | ​ |  | 6,658 | ​ |  | 6,758
Subordinated notes payable | ​ |  | 3,277 | ​ |  | 3,277 | ​ |  | 3,303 | ​ |  | 3,303
Subordinated debt held by unconsolidated subsidiary trusts | ​ |  | 0 | ​ |  | 0 | ​ |  | 77,320 | ​ |  | 77,320
​

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration