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Fair Value Measurements and Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  | March 31, 2022 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  | Total Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
(dollars in thousands) |  |  |
Recurring fair value measurements: Assets |  |  |
Investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 48,549 |  |  | $ | - |  |  | $ | 48,549 |  |  | $ | - |
Residential mortgage pass-through securities |  |  | 300,976 |  |  |  | - |  |  |  | 300,976 |  |  |  | - |
Commercial mortgage pass-through securities |  |  | 17,408 |  |  |  | - |  |  |  | 17,408 |  |  |  | - |
Obligations of U.S. states and political subdivision |  |  | 137,051 |  |  |  | - |  |  |  | 128,558 |  |  |  | 8,493 |
Corporate bonds and notes |  |  | 5,501 |  |  |  | - |  |  |  | 5,501 |  |  |  | - |
Asset-backed securities |  |  | 2,354 |  |  |  | - |  |  |  | 2,354 |  |  |  | - |
Certificates of deposit |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Other securities |  |  | 191 |  |  |  | 191 |  |  |  | - |  |  |  | - |
Total available-for-sale |  |  | 512,030 |  |  |  | 191 |  |  |  | 503,346 |  |  |  | 8,493 |
Equity securities |  |  | 13,198 |  |  |  | 10,550 |  |  |  | 2,648 |  |  |  | - |
Derivatives |  |  | 22,872 |  |  |  | - |  |  |  | 22,872 |  |  |  | - |
Total assets |  | $ | 548,100 |  |  | $ | 10,741 |  |  | $ | 528,866 |  |  | $ | 8,493 |
|  |  |  |  | December 31, 2021 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
|  | Total Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
(dollars in thousands) |  |  |
Recurring fair value measurements: Assets |  |  |  |  |  |  |  |  |  |  |  |
Investment securities: |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 50,360 |  |  | $ | - |  |  | $ | 50,360 |  |  | $ | - |
Residential mortgage pass- through securities |  |  | 316,095 |  |  |  | - |  |  |  | 316,095 |  |  |  | - |
Commercial mortgage pass-through securities |  |  | 10,469 |  |  |  | - |  |  |  | 10,469 |  |  |  | - |
Obligations of U.S. states and political subdivision |  |  | 145,625 |  |  |  | - |  |  |  | 137,060 |  |  |  | 8,565 |
Corporate bonds and notes |  |  | 9,049 |  |  |  | - |  |  |  | 9,049 |  |  |  | - |
Asset-backed securities |  |  | 2,564 |  |  |  | - |  |  |  | 2,564 |  |  |  | - |
Certificates of deposit |  |  | 150 |  |  |  | - |  |  |  | 150 |  |  |  | - |
Other securities |  |  | 195 |  |  |  | 195 |  |  |  | - |  |  |  | - |
Total available-for-sale |  | $ | 534,507 |  |  | $ | 195 |  |  | $ | 525,747 |  |  | $ | 8,565 |
Equity securities |  |  | 13,794 |  |  |  | 11,081 |  |  |  | 2,713 |  |  |  | - |
Derivatives |  |  | 3,347 |  |  |  | - |  |  |  | 3,347 |  |  |  | - |
Total assets |  | $ | 551,648 |  |  | $ | 11,276 |  |  | $ | 531,807 |  |  | $ | 8,565 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Assets measured at fair value on a nonrecurring basis: |  | Carrying Value as of March 31, 2022 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Collateral dependent loans: |  | (dollars in thousands) |
Commercial |  | $ | 14,698 |  |  | $ | - |  |  | $ | - |  |  | $ | 14,698 |
Commercial real estate |  |  | 29,370 |  |  |  | - |  |  |  | - |  |  |  | 29,370 |
Residential real estate |  |  | 1,366 |  |  |  | - |  |  |  | - |  |  |  | 1,366 |
|  |  |  |  | Fair Value Measurements at Reporting Date Using |
Assets measured at fair value on a nonrecurring basis: |  | December 31, 2021 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Collateral dependent loans: |  | (dollars in thousands) |
Commercial |  | $ | 13,399 |  |  | $ | - |  |  | $ | - |  |  | $ | 13,399 |
Commercial real estate |  |  | 20,185 |  |  |  | - |  |  |  | - |  |  |  | 20,185 |
Residential real estate |  |  | 2,794 |  |  |  | - |  |  |  | - |  |  |  | 2,794 |
Fair Value, Recurring basis [Table Text Block] |
|  | Municipal Securities |
|  | (dollars in thousands) |
Beginning balance, December 31, 2021 |  | $ | 8,565 |
Principal paydowns |  |  | (72 | )
Ending balance, March 31, 2022 |  | $ | 8,493 |
|  | Municipal Securities |
|  | (dollars in thousands) |
Beginning balance, December 31, 2020 |  | $ | 8,844 |
Principal paydowns |  |  | (279 | )
Ending balance, December 31, 2021 |  | $ | 8,565 |
Significant unobservable inputs used in fair value measurements [Table Text Block] |
March 31, 2022 |  |  |  |  |  |  |  |  |  |
|  | Fair Value |  |  | Valuation Techniques |  | Unobservable Input |  | Rate |
Securities available-for-sale: |  |  |  |  | (dollars in thousands) |  |  |  |  |
Municipal securities |  | $ | 8,493 |  |  | Discounted cash flows |  | Discount rate |  |  | 2.9 | %
December 31, 2021 |  |  |  |  |  |  |  |  |  |
|  | Fair Value |  |  | Valuation Techniques |  | Unobservable Input |  | Rate |
Securities available-for-sale: |  |  |  |  | (dollars in thousands) |  |  |  |  |
Municipal securities |  | $ | 8,565 |  |  | Discounted cash flows |  | Discount rate |  |  | 2.9 | %
Fair Value Measurements, Nonrecurring [Table Text Block] |
March 31, 2022 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | Fair Value |  |  | Valuation Techniques |  | Unobservable Input |  | Range (weighted average) |
Commercial |  | $ | 13,993 |  |  | Market approach (100%) |  | Average transfer price as a price to unpaid principal balance |  | 56% – 85% (57%) |
Commercial |  | $ | 705 |  |  | Appraisals of collateral value |  | Comparable sales |  | -10% to +35% (+8%) |
Commercial real estate |  | $ | 29,370 |  |  | Appraisals of collateral value |  | Comparable sales |  | -25% to 10% (-14%) |
Residential real estate |  | $ | 1,366 |  |  | Appraisals of collateral value |  | Comparable sales |  | +21% to +39% (+22%) |
December 31, 2021 |  |  |  |  |  |  |  |  |  |
(dollars in thousands) |  | Fair Value |  |  | Valuation Techniques |  | Unobservable Input |  | Range (weighed average) |
Commercial |  | $ | 12,193 |  |  | Market approach (100%) |  | Average transfer price as a price to unpaid principal balance |  | 48% to 73% (49%) |
Commercial |  | $ | 1,206 |  |  | Appraisals of collateral value |  | Adjustment for comparable sales |  | -10% to +35% (+6%) |
Commercial real estate |  | $ | 20,185 |  |  | Appraisals of collateral value |  | Adjustment for comparable sales |  | -20% to +15% (-6%) |
Residential real estate |  | $ | 2,794 |  |  | Appraisals of collateral value |  | Adjustment for comparable sales |  | -15% to +39% (5%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  |  |  | Fair Value Measurements |
|  | Carrying Amount |  |  | Fair Value |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (dollars in thousands) |
March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 311,544 |  |  | $ | 311,544 |  |  | $ | 311,544 |  |  | $ | - |  |  | $ | - |
Securities available-for-sale |  |  | 512,030 |  |  |  | 512,030 |  |  |  | 191 |  |  |  | 503,346 |  |  |  | 8,493 |
Restricted investments in bank stocks |  |  | 25,254 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Equity securities |  |  | 13,198 |  |  |  | 13,198 |  |  |  | 10,550 |  |  |  | 2,648 |  |  |  | - |
Net loans |  |  | 6,899,525 |  |  |  | 6,874,974 |  |  |  | - |  |  |  | - |  |  |  | 6,874,974 |
Derivatives |  |  | 22,872 |  |  |  | 22,872 |  |  |  | - |  |  |  | 22,872 |  |  |  | - |
Accrued interest receivable |  |  | 34,081 |  |  |  | 34,081 |  |  |  | - |  |  |  | 1,472 |  |  |  | 32,609 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  | 1,631,292 |  |  |  | 1,631,292 |  |  |  | 1,631,292 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  |  | 4,929,113 |  |  |  | 4,909,128 |  |  |  | 3,863,299 |  |  |  | 1,045,829 |  |  |  | - |
Borrowings |  |  | 412,170 |  |  |  | 410,535 |  |  |  | - |  |  |  | 410,535 |  |  |  | - |
Subordinated debentures |  |  | 153,027 |  |  |  | 155,940 |  |  |  | - |  |  |  | 155,940 |  |  |  | - |
Accrued interest payable |  |  | 2,889 |  |  |  | 2,889 |  |  |  | - |  |  |  | 2,889 |  |  |  | - |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 265,536 |  |  | $ | 265,536 |  |  | $ | 265,536 |  |  | $ | - |  |  | $ | - |
Investment securities available-for-sale |  |  | 534,507 |  |  |  | 534,507 |  |  |  | 195 |  |  |  | 525,747 |  |  |  | 8,565 |
Restricted investment in bank stocks |  |  | 27,826 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Equity securities |  |  | 13,794 |  |  |  | 13,794 |  |  |  | 11,081 |  |  |  | 2,713 |  |  |  | - |
Net loans |  |  | 6,749,849 |  |  |  | 6,800,287 |  |  |  | - |  |  |  | - |  |  |  | 6,800,287 |
Derivatives |  |  | 3,347 |  |  |  | 3,347 |  |  |  | - |  |  |  | 3,347 |  |  |  | - |
Accrued interest receivable |  |  | 34,152 |  |  |  | 34,152 |  |  |  | - |  |  |  | 1,554 |  |  |  | 32,598 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing deposits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing deposits |  |  | 1,617,049 |  |  |  | 1,617,049 |  |  |  | 1,617,049 |  |  |  | - |  |  |  | - |
Borrowings |  |  | 4,715,904 |  |  |  | 4,716,358 |  |  |  | 3,565,795 |  |  |  | 1,150,563 |  |  |  | - |
Subordinated debentures |  |  | 468,193 |  |  |  | 469,671 |  |  |  | - |  |  |  | 469,671 |  |  |  | - |
Accrued interest payable |  |  | 152,951 |  |  |  | 163,995 |  |  |  | - |  |  |  | 163,995 |  |  |  | - |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 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 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://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 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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