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Fair Value Measurements and Fair Value of Financial Instruments (Tables)

3 Months Ended

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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