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Fair Value (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities measured at fair value on a recurring basis

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of June 30, 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
June 30, 2018
(in thousands)	Total				(Level 1)				(Level 2)				(Level 3)
Available-for-sale securities
Obligations of U.S. Government sponsored entities	$	487,599			$	0			$	487,599			$	0
Obligations of U.S. states and political subdivisions	86,210				0				86,210				0
Mortgage-backed securities – residential, issued by:
U.S. Government agencies	119,876				0				119,876				0
U.S. Government sponsored entities	647,777				0				647,777				0
Non-U.S. Government agencies or sponsored entities	53				0				53				0
U.S. corporate debt securities	2,175				0				2,175				0
Equity securities, at fair value	888				0				0				888
Total Available-for-sale securities	1,344,578				0				1,343,690				888

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
Total Available-for-sale securities	1,392,775			0			1,391,862			913

Schedule of assets and liabilities measured at fair value on a non recurring basis

Three months ended June 30, 2018
					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 06/30/2018				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Three months ended 06/30/2018
Impaired loans	$	1,865			$	0			$	1,865			$	0			$	12
Other real estate owned	185				0				185				0				(21		)

Three months ended June 30, 2017
					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 06/30/2017				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Three months ended 06/30/2017
Impaired loans	$	880			$	0			$	880			$	0			$	0
Other real estate owned	2,640				0				2,640				0				(111		)

Six months ended June 30, 2018					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 06/30/2018				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Six months ended 06/30/2018
Impaired loans	$	6,583			$	0			$	6,583			$	0			$	(111	)
Other real estate owned	1,722				0				1,722				0				(21		)

Six months ended June 30, 2017					Fair value measurements at reporting date using:												Gain (losses) from fair value changes
Assets:	As of 06/30/2017				Quoted prices in active markets for identical assets (Level 1)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)				Six months ended 06/30/2017
Impaired loans	$	3,037			$	0			$	3,037			$	0			$	(332	)
Other real estate owned	2,331				0				2,331				0				(182		)

Schedule of carrying amount and fair value of financial instruments

Estimated Fair Value of Financial Instruments
June 30, 2018
(in thousands)	Carrying Amount				Fair Value				(Level 1)				(Level 2)				(Level 3)
Financial Assets:
Cash and cash equivalents	$	82,673			$	82,673			$	82,673			$	0			$	0
Securities - held to maturity	139,413				137,221				0				137,221				0
FHLB and other stock	58,770				58,770				0				58,770				0
Accrued interest receivable	20,584				20,584				0				20,584				0
Loans/leases, net1	4,749,968				4,632,961				0				6,583				4,626,378
Financial Liabilities:
Time deposits	$	635,004			$	629,165			$	0			$	629,165			$	0
Other deposits	4,157,225				4,157,225				0				4,157,225				0
Fed funds purchased and securities sold
under agreements to repurchase	52,042				52,042				0				52,042				0
Other borrowings	1,229,956				1,226,501				0				1,226,501				0
Trust preferred debentures	16,777				21,669				0				21,669				0
Accrued interest payable	2,272				2,272				0				2,272				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.

X

- 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

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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
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-URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611

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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
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