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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2019
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 March 31, 2019 and December 31, 2018, segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.
Recurring Fair Value Measurements |  |  |  |  |  |  |
March 31, 2019 |  |  |  |  |  |  |
(in thousands) | Total |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Available-for-sale securities |  |  |  |  |  |  |
U.S. Treasuries | $ | 280 |  |  | 0 |  |  | $ | 280 |  |  | 0 |
Obligations of U.S. Government sponsored entities | $ | 475,745 |  |  | $ | 0 |  |  | $ | 475,745 |  |  | $ | 0 |
Obligations of U.S. states and political subdivisions | 87,778 |  |  | 0 |  |  | 87,778 |  |  | 0 |
Mortgage-backed securities – residential, issued by: |  |  |  |  |  |  |
U.S. Government agencies | 146,010 |  |  | 0 |  |  | 146,010 |  |  | 0 |
U.S. Government sponsored entities | 631,328 |  |  | 0 |  |  | 631,328 |  |  | 0 |
Non-U.S. Government agencies or sponsored entities | 19 |  |  | 0 |  |  | 19 |  |  | 0 |
U.S. corporate debt securities | 2,450 |  |  | 0 |  |  | 2,450 |  |  | 0 |
Total Available-for-sale securities | 1,343,610 |  |  | 0 |  |  | 1,343,610 |  |  | 0 |
Equity securities, at fair value | 899 |  |  | 0 |  |  | 0 |  |  | 899 |
Recurring Fair Value Measurements |  |  |  |  |  |  |
December 31, 2018 |  |  |  |  |  |  |
(in thousands) | Total |  | (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, issued by: |  |  |  |  |  |  |
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, at fair value | 887 |  |  | 0 |  |  | 0 |  |  | 887 |
Schedule of assets and liabilities measured at fair value on a non recurring basis |
Three months ended March 31, 2019
(in thousands) |  |  | Fair value measurements at reporting date using: |  | Gain (losses) from fair value changes
Assets: | As of 03/31/2019 |  | Quoted prices in active markets for identical assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Significant unobservable inputs (Level 3) |  | Three months ended March 31, 2019
Impaired loans | $ | 4,786 |  |  | $ | 0 |  |  | $ | 4,786 |  |  | $ | 0 |  |  | $ | (3,571 | )
Other real estate owned | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Three months ended March 31, 2018
(in thousands) |  |  | 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 March 31, 2018
Impaired loans | $ | 5,079 |  |  | $ | 0 |  |  | $ | 5,079 |  |  | $ | 0 |  |  | $ | (123 | )
Other real estate owned | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |
Schedule of carrying amount and fair value of financial instruments |
Estimated Fair Value of Financial Instruments |  |
March 31, 2019 |  |  |  |  |  |  |  |  |
(in thousands) | Carrying Amount |  | Fair Value |  | (Level 1) |  | (Level 2) |  | (Level 3)
Financial Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 70,574 |  |  | $ | 70,574 |  |  | $ | 70,574 |  |  | $ | 0 |  |  | $ | 0 |
Securities - held to maturity | 139,642 |  |  | 140,422 |  |  | 0 |  |  | 140,422 |  |  | 0 |
FHLB and other stock | 45,088 |  |  | 45,088 |  |  | 0 |  |  | 45,088 |  |  | 0 |
Accrued interest receivable | 23,990 |  |  | 23,990 |  |  | 0 |  |  | 23,990 |  |  | 0 |
Loans/leases, net 1 | 4,749,372 |  |  | 4,657,612 |  |  | 0 |  |  | 4,786 |  |  | 4,652,826 |
Financial Liabilities: |  |  |  |  |  |  |  |  |
Time deposits | $ | 661,712 |  |  | $ | 657,705 |  |  | $ | 0 |  |  | $ | 657,705 |  |  | $ | 0 |
Other deposits | 4,328,213 |  |  | 4,328,213 |  |  | 0 |  |  | 4,328,213 |  |  | 0 |
Fed funds purchased and securities sold |  |  |  |  |  |  |  |  |
under agreements to repurchase | 66,918 |  |  | 66,918 |  |  | 0 |  |  | 66,918 |  |  | 0 |
Other borrowings | 923,427 |  |  | 922,053 |  |  | 0 |  |  | 922,053 |  |  | 0 |
Trust preferred debentures | 16,906 |  |  | 22,165 |  |  | 0 |  |  | 22,165 |  |  | 0 |
Accrued interest payable | 2,135 |  |  | 2,135 |  |  | 0 |  |  | 2,135 |  |  | 0 |
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 other stock | 52,262 |  |  | 52,262 |  |  | 0 |  |  | 52,262 |  |  | 0 |
Accrued interest receivable | 20,922 |  |  | 20,922 |  |  | 0 |  |  | 20,922 |  |  | 0 |
Loans/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 |
Fed funds purchased and 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.

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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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