XML 63 R48.htm IDEA: XBRL DOCUMENT
v3.22.4

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis | The following table presents the Company's assets and liabilities measured at fair value (in thousands):
| Total | Level 1 | Level 2 | Level 3 | Total Gains (Losses)
December 31, 2022 |  |  |  |  |
Recurring fair value measurements |  |  |  |  |
Financial Assets |  |  |  |  |
Obligations of states and political subdivisions | $ | 268,315 |  | $ | — |  | $ | 268,315 |  | $ | — |  |
Mortgage-backed securities: |  |  |  |  |
U.S. Government agencies | 1,202,279 |  | — |  | 1,202,279 |  | — |  |
Private label | 7,231 |  | — |  | 4,772 |  | 2,459 |  |
Trust preferred securities | 3,828 |  | — |  | 3,828 |  | — |  |
Corporate securities | 23,867 |  | — |  | 23,867 |  | — |  |
Marketable equity securities | 7,569 |  | 3,851 |  | 3,718 |  | — |  |
Certificates of deposit held for investment | 747 |  | — |  | 747 |  | — |  |
Derivative assets | 81,838 |  | — |  | 81,838 |  | — |  |
Financial Liabilities |  |  |  |  |
Derivative liabilities | 65,056 |  | — |  | 65,056 |  | — |  |
Nonrecurring fair value measurements |  |  |  |  |
Non-Financial Assets |  |  |  |  |
Other real estate owned | 909 |  | — |  | — |  | 909 |  | (90) |
| Total | Level 1 | Level 2 | Level 3 | Total Gains (Losses)
December 31, 2021 |  |  |  |  |
Recurring fair value measurements |  |  |  |  |
Financial Assets |  |  |  |  |
Obligations of states and political subdivisions | $ | 272,216 |  | $ | — |  | $ | 272,216 |  | $ | — |  |
Mortgage-backed securities: |  |  |  |  |
U.S. Government agencies | 1,094,311 |  | — |  | 1,094,311 |  | — |  |
Private label | 9,108 |  | — |  | 5,647 |  | 3,461 |  |
Trust preferred securities | 4,203 |  | — |  | 4,203 |  | — |  |
Corporate securities | 28,327 |  | — |  | 28,327 |  | — |  |
Marketable equity securities | 9,211 |  | 4,134 |  | 5,077 |  | — |  |
Certificates of deposit held for investment | 996 |  | — |  | 996 |  | — |  |
Derivative assets | 29,029 |  | — |  | 29,029 |  | — |  |
Financial Liabilities |  |  |  |  |
Derivative liabilities | 24,283 |  | — |  | 24,283 |  | — |  |
Nonrecurring fair value measurements |  |  |  |  |
Financial Assets |  |  |  |  |
Loans individually evaluated | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | (478) |
Non-Financial Assets |  |  |  |  |
Other real estate owned | 1,319 |  | — |  | — |  | 1,319 |  | (2) |
Schedule Of Estimates Of Fair Value Of Financial Instruments |
| Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3
December 31, 2022 |  |  |  |  |
Assets: |  |  |  |  |
Cash and cash equivalents | $ | 200,000 |  | $ | 200,000 |  | $ | 200,000 |  | $ | — |  | $ | — |
Securities available-for-sale | 1,505,520 |  | 1,505,520 |  | — |  | 1,503,061 |  | 2,459 |
Marketable equity securities | 7,569 |  | 7,569 |  | 3,851 |  | 3,718 |  | — |
Net loans | 3,629,150 |  | 3,491,318 |  | — |  | — |  | 3,491,318 |
Accrued interest receivable | 18,287 |  | 18,287 |  | 18,287 |  | — |  | — |
Derivative assets | 81,838 |  | 81,838 |  | — |  | 81,838 |  | — |
Liabilities: |  |  |  |  |
Deposits | 4,869,866 |  | 4,867,883 |  | 3,981,766 |  | 886,117 |  | — |
Short-term debt | 290,964 |  | 290,964 |  | — |  | 290,964 |  | — |
Accrued interest payable | 953 |  | 953 |  | 953 |  | — |  | — |
Derivative liabilities | 65,057 |  | 65,057 |  | — |  | 65,057 |  | — |
December 31, 2021 |  |  |  |  |
Assets: |  |  |  |  |
Cash and cash equivalents | $ | 634,631 |  | $ | 634,631 |  | $ | 634,631 |  | $ | — |  | $ | — |
Securities available-for-sale | 1,408,165 |  | 1,408,165 |  | — |  | 1,404,704 |  | 3,461 |
Marketable equity securities | 9,211 |  | 9,211 |  | 4,134 |  | 5,077 |  | — |
Net loans | 3,525,648 |  | 3,456,539 |  | — |  | — |  | 3,456,539 |
Accrued interest receivable | 15,627 |  | 15,627 |  | 15,627 |  | — |  | — |
Derivative assets | 29,029 |  | 29,029 |  | — |  | 29,029 |  | — |
Liabilities: |  |  |  |  |
Deposits | 4,925,336 |  | 4,926,724 |  | 3,856,421 |  | 1,070,303 |  | — |
Short-term debt | 312,458 |  | 312,458 |  | — |  | 312,458 |  | — |
Accrued interest payable | 600 |  | 600 |  | 600 |  | — |  | — |
Derivative liabilities | 24,283 |  | 24,283 |  | — |  | 24,283 |  | — |

X
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + 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 https://asc.fasb.org/extlink&oid=126976982&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 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
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 https://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 https://asc.fasb.org/extlink&oid=126976982&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