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Fair Value Information (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

		Carrying Value at December 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
		(Dollars in thousands)
Description of assets
Investment securities - AFS:
Residential mortgage-backed securities		$	1,474,508			$	-			$	1,474,508			$	-
CMO/REMIC - residential			214,051				-				214,051				-
Municipal bonds			44,810				-				44,810				-
Other securities			716				-				716				-
Total investment securities - AFS			1,734,085				-				1,734,085				-
Interest rate swaps			1,938				-				1,938				-
Total assets		$	1,736,023			$	-			$	1,736,023			$	-
Description of liability
Interest rate swaps		$	1,938			$	-			$	1,938			$	-
Total liabilities		$	1,938			$	-			$	1,938			$	-

		Carrying Value at December 31, 2017				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
		(Dollars in thousands)
Description of assets
Investment securities - AFS:
Residential mortgage-backed securities		$	1,750,909			$	-			$	1,750,909			$	-
CMO/REMIC - residential			273,829				-				273,829				-
Municipal bonds			55,496				-				55,496				-
Other securities			751				-				751				-
Total investment securities - AFS			2,080,985				-				2,080,985				-
Interest rate swaps			3,211				-				3,211				-
Total assets		$	2,084,196			$	-			$	2,084,196			$	-
Description of liability
Interest rate swaps		$	3,211			$	-			$	3,211			$	-
Total liabilities		$	3,211			$	-			$	3,211			$	-

Assets and Liabilities Measured at Fair Value on Non-Recurring Basis

the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related assets that had losses during the period

		Carrying Value at December 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total Losses For the Year Ended December 31, 2018
		(Dollars in thousands)
Description of assets
Impaired loans, excluding PCI loans:
Commercial and industrial		$	189			$	-			$	-			$	189			$	3
SBA			-				-				-				-				-
Real estate:
Commercial real estate			3,143				-				-				3,143				478
Construction			-				-				-				-				-
SFR mortgage			-				-				-				-				-
Dairy & livestock and agribusiness			78				-				-				78				12
Consumer and other loans			68				-				-				68				68
Other real estate owned			-				-				-				-				-
Asset held-for-sale			-				-				-				-				-
Total assets		$	3,478			$	-			$	-			$	3,478			$	561

  

		Carrying Value at December 31, 2017				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total Losses For the Year Ended December 31, 2017
		(Dollars in thousands)
Description of assets
Impaired loans, excluding PCI loans:
Commercial and industrial		$	-			$	-			$	-			$	-			$	-
SBA			-				-				-				-				-
Real estate:
Commercial real estate			-				-				-				-				-
Construction			-				-				-				-				-
SFR mortgage			-				-				-				-				-
Dairy & livestock and agribusiness			-				-				-				-				-
Consumer and other loans			378				-				-				378				74
Other real estate owned			-				-				-				-				-
Asset held-for-sale			-				-				-				-				-
Total assets		$	378			$	-			$	-			$	378			$	74

Estimated Fair Value of Financial Instruments

The following disclosure presents estimated fair value of our financial instruments. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to develop the estimates of fair value. Accordingly, the estimates presented below are not necessarily indicative of the amounts the Company may realize in a current market exchange as of December 31, 2018 and 2017, respectively. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts.

		December 31, 2018
						Estimated Fair Value
		Carrying Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and cash equivalents		$	163,948			$	163,948			$	-			$	-			$	163,948
Interest-earning balances due from depository institutions			7,670				-				7,339				-				7,339
Investment securities available-for-sale			1,734,085				-				1,734,085				-				1,734,085
Investment securities held-to-maturity			744,440				-				721,537				-				721,537
Total loans, net of allowance for loan losses (1)			7,700,998				-				-				7,514,964				7,514,964
Swaps			1,938				-				1,938				-				1,938
Liabilities
Deposits:
Interest-bearing		$	3,622,703			$	-			$	3,614,682			$	-			$	3,614,682
Borrowings			722,255				-				721,601				-				721,601
Junior subordinated debentures			25,774				-				-				21,176				21,176
Swaps			1,938				-				1,938				-				1,938

(1) The fair value of loans as of December 31, 2018 was measured using an exit price notion.

		December 31, 2017
						Estimated Fair Value
		Carrying Amount				Level 1				Level 2				Level 3				Total
		(Dollars in thousands)
Assets
Total cash and due from banks		$	144,377			$	144,377			$	-			$	-			$	144,377
Interest-earning balances due from depository institutions			17,952				-				17,951				-				17,951
FHLB stock			17,688				-				17,688				-				17,688
Investment securities available-for-sale			2,080,985				-				2,080,985				-				2,080,985
Investment securities held-to-maturity			829,890				-				819,215				-				819,215
Total loans, net of allowance for loan losses			4,771,046				-				-				4,678,402				4,678,402
Swaps			3,211				-				3,211				-				3,211
Liabilities
Deposits:
Noninterest-bearing		$	3,846,436			$	3,846,436			$	-			$	-			$	3,846,436
Interest-bearing			2,700,417				-				2,697,781				-				2,697,781
Borrowings			553,773				-				553,416				-				553,416
Junior subordinated debentures			25,774				-				-				18,070				18,070
Swaps			3,211				-				3,211				-				3,211

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).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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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).

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