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Fair Value Measurements
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTS
The following table summarizes financial instruments measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
 September 30, 2022
(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
Assets    
Securities available for sale    
Obligations of U.S. Government-sponsored enterprises$— $234,939 $— $234,939 
Obligations of states and political subdivisions— 389,018 — 389,018 
Agency mortgage-backed securities— 621,288 — 621,288 
U.S. Treasury bills— 208,754 — 208,754 
Corporate debt securities— 12,913 — 12,913 
Total securities available for sale— 1,466,912 — 1,466,912 
Other investments— 2,606 — 2,606 
Derivatives— 23,479 — 23,479 
Total assets$— $1,492,997 $— $1,492,997 
Liabilities    
Derivatives$— $21,110 $— $21,110 
Total liabilities$— $21,110 $— $21,110 

December 31, 2021
(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
Assets    
Securities available for sale    
Obligations of U.S. Government-sponsored enterprises$— $173,511 $— $173,511 
Obligations of states and political subdivisions— 575,084 — 575,084 
Residential mortgage-backed securities— 513,859 — 513,859 
U.S. Treasury bills— 91,170 — 91,170 
Corporate debt securities— 12,382 — 12,382 
Total securities available-for-sale— 1,366,006 — 1,366,006 
Other investments— 3,012 — 3,012 
Derivative financial instruments— 12,869 — 12,869 
Total assets$— $1,381,887 $— $1,381,887 
Liabilities    
Derivatives$— $15,794 $— $15,794 
Total liabilities$— $15,794 $— $15,794 
From time to time, the Company measures certain assets at fair value on a nonrecurring basis. These include assets measured at the lower of cost or fair value that were recognized at fair value below cost at the end of the period. The amounts reported in the following tables include balances measured at fair value during the reporting period and still held as of the reporting date.
September 30, 2022
(in thousands)Total Fair ValueQuoted Prices in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Other real estate $269 $— $— $269 
Loan servicing asset3,248 — 3,248 — 
Total$3,517 $— $3,248 $269 
December 31, 2021
(in thousands)Total Fair ValueQuoted Prices in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Nonaccrual loans $6,406 $— $— $6,406 
Other real estate632 — — 632 
Loan servicing asset 3,146 — 3,146 — 
Total$10,184 $— $3,146 $7,038 
The following table presents the gains (losses) recorded in earnings in relation to assets measured on a nonrecurring basis and still held as of the reporting date.
Three months endedNine months ended
(in thousands)September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Nonaccrual loans $— $(1,126)$(1,781)$(1,126)
Other real estate (11)— (172)— 
Loan servicing asset230 — 110 — 
Fixed assets— (2,546)— (2,546)
Total$219 $(3,672)$(1,843)$(3,672)
Following is a summary of the carrying amounts and fair values of certain financial instruments:
 September 30, 2022December 31, 2021
(in thousands)Carrying AmountEstimated fair valueLevelCarrying AmountEstimated fair valueLevel
Balance sheet assets    
Securities held-to-maturity, net$646,393 $537,788 Level 2$429,681 $434,672 Level 2
Other investments56,031 56,031 Level 256,884 56,884 Level 2
Loans held for sale785 785 Level 26,389 6,389 Level 2
Loans, net9,214,415 9,004,778 Level 38,872,601 8,869,891 Level 3
State tax credits, held for sale38,588 40,310 Level 327,994 30,686 Level 3
Servicing asset4,519 5,050 Level 26,714 6,714 Level 2
Balance sheet liabilities    
Certificates of deposit$526,908 $508,571 Level 3$608,293 $606,177 Level 3
Subordinated debentures and notes155,298 151,135 Level 2154,899 155,972 Level 2
FHLB advances— — Level 250,000 51,527 Level 2
Other borrowings197,422 197,422 Level 2353,863 353,863 Level 2

For information regarding the methods and assumptions used to estimate the fair value of each class of financial instruments refer to Note 19 – Fair Value Measurements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC.