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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2018
Fair Value Disclosures [Abstract] |
Schedule of assets and liabilities measured at fair value on a recurring basis |
Recurring Fair Value Measurements |  |  |  |  |  |  |
December 31, 2017 |  |  |  |  |  |  |
(in thousands) | Total |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Available-for-sale securities |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government sponsored entities | 504,193 |  |  | 0 |  |  | 504,193 |  |  | 0 |
Obligations of U.S. states and political subdivisions | 91,519 |  |  | 0 |  |  | 91,519 |  |  | 0 |
Mortgage-backed securities – residential, issued by: |  |  |  |  |  |  |  |  |  |
U.S. Government agencies | 137,735 |  |  | 0 |  |  | 137,735 |  |  | 0 |
U.S. Government sponsored entities | 656,178 |  |  | 0 |  |  | 656,178 |  |  | 0 |
Non-U.S. Government agencies or sponsored entities | 75 |  |  | 0 |  |  | 75 |  |  | 0 |
U.S. corporate debt securities | 2,162 |  |  | 0 |  |  | 2,162 |  |  | 0 |
Equity securities | 913 |  |  | 0 |  |  | 0 |  |  | 913 |
The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017, segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.
Recurring Fair Value Measurements |  |  |  |  |  |  |
March 31, 2018 |  |  |  |  |  |  |
(in thousands) | Total |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Available-for-sale securities |  |  |  |  |  |  |
Obligations of U.S. Government sponsored entities | $ | 489,847 |  |  | $ | 0 |  |  | $ | 489,847 |  |  | $ | 0 |
Obligations of U.S. states and political subdivisions | 90,348 |  |  | 0 |  |  | 90,348 |  |  | 0 |
Mortgage-backed securities – residential, issued by: |  |  |  |  |  |  |
U.S. Government agencies | 129,680 |  |  | 0 |  |  | 129,680 |  |  | 0 |
U.S. Government sponsored entities | 658,760 |  |  | 0 |  |  | 658,760 |  |  | 0 |
Non-U.S. Government agencies or sponsored entities | 64 |  |  | 0 |  |  | 64 |  |  | 0 |
U.S. corporate debt securities | 2,175 |  |  | 0 |  |  | 2,175 |  |  | 0 |
Schedule of assets and liabilities measured at fair value on a non recurring basis |
March 31, 2018
|  |  | Fair value measurements at reporting date using: |  | Gain (losses) from fair value changes
Assets: | As of 03/31/2018 |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3) |  | Three months ended 03/31/2018
Impaired loans | $ | 5,079 |  |  | $ | 0 |  |  | $ | 5,079 |  |  | $ | 0 |  |  | $ | (123 | )
Other real estate owned | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
March 31, 2017
|  |  | Fair value measurements at reporting date using: |  | Gain (losses) from fair value changes
Assets: | As of 03/31/2017 |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3) |  | Three months ended 03/31/2017
Impaired loans | $ | 2,671 |  |  | $ | 0 |  |  | $ | 2,671 |  |  | $ | 0 |  |  | $ | (332 | )
Other real estate owned | 2,520 |  |  | 0 |  |  | 2,520 |  |  | 0 |  |  | (70 | )
Schedule of carrying amount and fair value of financial instruments | The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments at March 31, 2018 and December 31, 2017. The carrying amounts shown in the table are included in the Consolidated Statements of Condition under the indicated captions. The fair value estimates, methods and assumptions set forth below for the Company’s financial instruments, including those financial instruments carried at cost, are made solely to comply with disclosures required by generally accepted accounting principles in the United States and should be read in conjunction with the financial statements and notes included in this Report.
Estimated Fair Value of Financial Instruments |  |
March 31, 2018 |  |  |  |  |  |  |  |  |
(in thousands) | Carrying Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 68,102 |  |  | $ | 68,102 |  |  | $ | 68,102 |  |  | $ | 0 |  |  | $ | 0 |
Securities - held to maturity | 139,131 |  |  | 137,843 |  |  | 0 |  |  | 137,843 |  |  | 0 |
FHLB and other stock | 47,020 |  |  | 47,020 |  |  | 0 |  |  | 47,020 |  |  | 0 |
Accrued interest receivable | 20,855 |  |  | 20,855 |  |  | 0 |  |  | 20,855 |  |  | 0 |
Loans/leases, net1 | 4,664,634 |  |  | 4,544,412 |  |  | 0 |  |  | 5,079 |  |  | 4,539,333 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits | $ | 685,599 |  |  | $ | 679,710 |  |  | $ | 0 |  |  | $ | 679,710 |  |  | $ | 0 |
Other deposits | 4,244,304 |  |  | 4,244,304 |  |  | 0 |  |  | 4,244,304 |  |  | 0 |
Fed funds purchased and securities sold |  |  |  |  |  |  |  |  |  |  |  |  |  |
under agreements to repurchase | 69,130 |  |  | 69,130 |  |  | 0 |  |  | 69,130 |  |  | 0 |
Other borrowings | 995,074 |  |  | 991,386 |  |  | 0 |  |  | 991,386 |  |  | 0 |
Trust preferred debentures | 16,734 |  |  | 21,912 |  |  | 0 |  |  | 21,912 |  |  | 0 |
Accrued interest payable | 1,961 |  |  | 1,961 |  |  | 0 |  |  | 1,961 |  |  | 0 |
Estimated Fair Value of Financial Instruments
December 31, 2017 |  |  |  |  |  |  |  |  |
(in thousands) | Carrying Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 84,303 |  |  | $ | 84,303 |  |  | $ | 84,303 |  |  | $ | 0 |  |  | $ | 0 |
Securities - held to maturity | 139,216 |  |  | 140,315 |  |  | 0 |  |  | 140,315 |  |  | 0 |
FHLB and other stock | 50,498 |  |  | 50,498 |  |  | 0 |  |  | 50,498 |  |  | 0 |
Accrued interest receivable | 20,122 |  |  | 20,122 |  |  | 0 |  |  | 20,122 |  |  | 0 |
Loans/leases, net1 | 4,632,288 |  |  | 4,555,720 |  |  | 0 |  |  | 4,617 |  |  | 4,551,103 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits | $ | 748,250 |  |  | $ | 744,310 |  |  | $ | 0 |  |  | $ | 744,310 |  |  | $ | 0 |
Other deposits | 4,089,557 |  |  | 4,089,557 |  |  | 0 |  |  | 4,089,557 |  |  | 0 |
Fed funds purchased and securities |  |  |  |  |  |  |  |  |  |  |  |  |  |
sold under agreements to repurchase | 75,177 |  |  | 75,177 |  |  | 0 |  |  | 75,177 |  |  | 0 |
Other borrowings | 1,071,742 |  |  | 1,069,609 |  |  | 0 |  |  | 1,069,609 |  |  | 0 |
Trust preferred debentures | 16,691 |  |  | 22,012 |  |  | 0 |  |  | 22,012 |  |  | 0 |
Accrued interest payable | 2,054 |  |  | 2,054 |  |  | 0 |  |  | 2,054 |  |  | 0 |
1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + 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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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