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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present our assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented:
March 31, 2024
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$132,586 $— $— $132,586 
Obligations of U.S. government corporations and agencies— 32,593 — 32,593 
Collateralized mortgage obligations of U.S. government corporations and agencies— 467,198 — 467,198 
Residential mortgage-backed securities of U.S. government corporations and agencies— 36,662 — 36,662 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 275,749 — 275,749 
Obligations of states and political subdivisions— 25,005 — 25,005 
Total Available-for-Sale Debt Securities132,586 837,207 — 969,793 
Equity securities935 — — 935 
Total Securities Available for Sale133,521 837,207 — 970,728 
Securities held in a deferred compensation plan10,257 — — 10,257 
Derivative financial assets:
Interest rate swaps - commercial loans— 72,093 — 72,093 
Total Assets$143,778 $909,300 $— $1,053,078 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $72,578 $— $72,578 
Interest rate swaps - cash flow hedge— 18,404 — 18,404 
Total Liabilities$— $90,982 $— $90,982 

December 31, 2023
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$133,786 $— $— $133,786 
Obligations of U.S. government corporations and agencies— 32,513 — 32,513 
Collateralized mortgage obligations of U.S. government corporations and agencies— 460,939 — 460,939 
Residential mortgage-backed securities of U.S. government corporations and agencies— 38,177 — 38,177 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 273,425 — 273,425 
Obligations of states and political subdivisions— 30,468 — 30,468 
Total Available-for-Sale Debt Securities133,786 835,522 — 969,308 
Equity securities1,010 73 — 1,083 
Total Securities Available for Sale134,796 835,595 — 970,391 
Securities held in a deferred compensation plan9,399 — — 9,399 
Derivative financial assets:
Interest rate swaps - commercial loans— 63,018 — 63,018 
Total Assets$144,195 $898,613 $— $1,042,808 
LIABILITIES
Derivative financial liabilities:
Interest rate swaps - commercial loans$— $63,554 $— $63,554 
Interest rate swaps - cash flow hedge— 14,739 — 14,739 
Total Liabilities$— $78,293 $— $78,293 
Schedule of Carrying Values and Fair Values of Financial Instruments
The following tables present the carrying values and fair values of our financial instruments at the dates presented:
Carrying
Value(1)
Fair Value Measurements at March 31, 2024
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$207,462 $207,462 $207,462 $— $— 
Securities available for sale970,728 970,728 133,521 837,207 — 
Portfolio loans, net7,551,232 7,247,276 — — 7,247,276 
Collateral receivable6,770 6,770 6,770 — — 
Securities held in a deferred compensation plan10,257 10,257 10,257 — — 
Mortgage servicing rights6,153 8,809 — — 8,809 
Interest rate swaps - commercial loans72,093 72,093 — 72,093 — 
LIABILITIES
Deposits$7,600,347 $7,588,523 $5,855,869 $1,732,654 $— 
Collateral payable58,587 58,587 58,587 — — 
Short-term borrowings285,000 284,631 — 284,631 — 
Long-term borrowings39,156 38,924 — 38,924 — 
Junior subordinated debt securities49,373 49,373 — 49,373 — 
Interest rate swaps - commercial loans72,578 72,578 — 72,578 — 
Interest rate swaps - cash flow hedge18,404 18,404 — 18,404 — 
(1) As reported in the Consolidated Balance Sheets
Carrying
Value(1)
Fair Value Measurements at December 31, 2023
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$233,612 $233,612 $233,612 $— $— 
Securities available for sale970,391 970,391 134,796 835,595 — 
Loans held for sale153 153 — 153 — 
Portfolio loans, net7,545,375 7,263,270 — — 7,263,270 
Collateral receivable5,356 5,356 5,356 — — 
Securities held in a deferred compensation plan9,399 9,399 9,399 — — 
Mortgage servicing rights6,345 8,704 — — 8,704 
Interest rate swaps - commercial loans63,018 63,018 — 63,018 — 
LIABILITIES
Deposits$7,521,769 $7,511,598 $5,940,117 $1,571,481 $— 
Collateral payable50,920 50,920 50,920 — — 
Short-term borrowings415,000 415,000 — 415,000 — 
Long-term borrowings39,277 38,995 — 38,995 — 
Junior subordinated debt securities49,358 49,358 — 49,358 — 
Interest rate swaps - commercial loans63,554 63,554 — 63,554 — 
Interest rate swaps - cash flow hedge14,739 14,739 — 14,739 — 
(1) As reported in the Consolidated Balance Sheets