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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 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) | Fair Value 12/31/2017 |  | (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 |  |  |  |  |  |  |
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 |
Total Available-for-sale securities | 1,391,862 |  |  | 0 |  |  | 1,391,862 |  |  | 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 December 31, 2018 and 2017 segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value. Recurring Fair Value Measurements December 31, 2018
(in thousands) | Fair Value 12/31/2018 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Available-for-sale securities |  |  |  |  |  |  |
U.S. Treasuries | $ | 289 |  |  | $ | 0 |  |  | $ | 289 |  |  | $ | 0 |
Obligations of U.S. Government sponsored entities | $ | 485,898 |  |  | $ | 0 |  |  | $ | 485,898 |  |  | $ | 0 |
Obligations of U.S. states and political subdivisions | 85,440 |  |  | 0 |  |  | 85,440 |  |  | 0 |
Mortgage-backed securities - residential |  |  |  |  |  |  |
U.S. Government agencies | 128,267 |  |  | 0 |  |  | 128,267 |  |  | 0 |
U.S. Government sponsored entities | 630,558 |  |  | 0 |  |  | 630,558 |  |  | 0 |
Non-U.S. Government agencies or sponsored entities | 31 |  |  | 0 |  |  | 31 |  |  | 0 |
U.S. corporate debt securities | 2,175 |  |  | 0 |  |  | 2,175 |  |  | 0 |
Total Available-for-sale securities | 1,332,658 |  |  | 0 |  |  | 1,332,658 |  |  | 0 |
Equity securities | 887 |  |  | 0 |  |  | 0 |  |  | 887 |
Schedule of assets and liabilities measured at fair value on a non recurring basis |
|  |  | Fair value measurements at reporting date using: |  | Gain (losses) from fair value changes
(in thousands) | As of |  | Quoted prices in active markets for identical assets |  | Significant other observable inputs |  | Significant unobservable inputs |  | Twelve months ended
Assets: | 12/31/2018 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | 12/31/2018
Impaired loans | $ | 6,500 |  |  | $ | 0 |  |  | $ | 6,500 |  |  | $ | 0 |  |  | $ | (173 | )
Other real estate owned | 1,594 |  |  | 0 |  |  | 1,594 |  |  | 0 |  |  | (211 | )
|  |  | Fair value measurements at reporting date using: |  | Gain (losses) from fair value changes
(in thousands) | As of |  | Quoted prices in active markets for identical assets |  | Significant other observable inputs |  | Significant unobservable inputs |  | Twelve months ended
Assets: | 12/31/2017 |  | (Level 1) |  | (Level 2) |  | (Level 3) |  | 12/31/2017
Impaired loans | $ | 4,617 |  |  | $ | 0 |  |  | $ | 4,617 |  |  | $ | 0 |  |  | $ | (332 | )
Other real estate owned | 2,047 |  |  | 0 |  |  | 2,047 |  |  | 0 |  |  | (532 | )
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 December 31, 2018 and 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 does not always incorporate the exit-price concept of fair value prescribed by ASC Topic 820-10 and should be read in conjunction with the financial statements and notes included in this Report.
Estimated Fair Value of Financial Instruments |  |  |  |  |  |  |  |
December 31, 2018 |  |  |  |  |  |  |  |  |
(in thousands) | Carrying Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 80,389 |  |  | $ | 80,389 |  |  | $ | 80,389 |  |  | $ | 0 |  |  | $ | 0 |
Securities - held-to-maturity | 140,579 |  |  | 139,377 |  |  | 0 |  |  | 139,377 |  |  | 0 |
FHLB and FRB stock | 52,262 |  |  | 52,262 |  |  | 0 |  |  | 52,262 |  |  | 0 |
Accrued interest receivable | 20,922 |  |  | 20,922 |  |  | 0 |  |  | 20,922 |  |  | 0 |
Loans and leases, net 1 | 4,790,529 |  |  | 4,649,308 |  |  | 0 |  |  | 6,500 |  |  | 4,642,808 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Time deposits | $ | 637,295 |  |  | $ | 631,489 |  |  | $ | 0 |  |  | $ | 631,489 |  |  | $ | 0 |
Other deposits | 4,251,664 |  |  | 4,251,664 |  |  | 0 |  |  | 4,251,664 |  |  | 0 |
Securities sold under agreements to repurchase | 81,842 |  |  | 81,842 |  |  | 0 |  |  | 81,842 |  |  | 0 |
Other borrowings | 1,076,075 |  |  | 1,074,081 |  |  | 0 |  |  | 1,074,081 |  |  | 0 |
Trust preferred debentures | 16,863 |  |  | 21,921 |  |  | 0 |  |  | 21,921 |  |  | 0 |
Accrued interest payable | 2,408 |  |  | 2,408 |  |  | 0 |  |  | 2,408 |  |  | 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.
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 FRB stock | 50,498 |  |  | 50,498 |  |  | 0 |  |  | 50,498 |  |  | 0 |
Accrued interest receivable | 20,122 |  |  | 20,122 |  |  | 0 |  |  | 20,122 |  |  | 0 |
Loans and leases, net 1 | 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 |
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&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 http://asc.fasb.org/extlink&oid=99377789&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 http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 + Details
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