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FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Schedule of carrying amount and estimated fair value of financial instruments

									Fair Value Measurement Using
(dollars in thousands)	Carrying Amount				Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
March 31, 2016
Financial assets
Cash and due from banks	$	85,495			$	85,495			$	85,495			$	—			$	—
Interest-bearing deposits in other banks	7,180				7,180				7,180				—				—
Investment securities	1,540,773				1,542,248				722				1,528,871				12,655
Loans held for sale	11,270				11,270				—				—				11,270
Net loans and leases	3,246,819				3,227,982				—				38,364				3,189,618
Accrued interest receivable	14,818				14,818				14,818				—				—
Financial liabilities
Deposits:
Noninterest-bearing deposits	1,140,741				1,140,741				1,140,741				—				—
Interest-bearing demand and savings deposits	2,315,404				2,315,404				2,315,404				—				—
Time deposits	1,040,457				1,042,639				—				—				1,042,639
Short-term borrowings	106,000				106,000				—				106,000				—
Long-term debt	92,785				66,215				—				66,215				—
Accrued interest payable (included in other liabilities)	1,325				1,325				1,325				—				—
Off-balance sheet financial instruments
Commitments to extend credit	796,168				984				—				984				—
Standby letters of credit and financial guarantees written	15,356				230				—				230				—
Derivatives:
Interest rate lock commitments	9,333				87				—				87				—
Forward sale commitments	9,009				(107		)		—				(107		)		—

									Fair Value Measurement Using
(dollars in thousands)	Carrying Amount				Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
December 31, 2015
Financial assets
Cash and due from banks	$	71,797			$	71,797			$	71,797			$	—			$	—
Interest-bearing deposits in other banks	8,397				8,397				8,397				—				—
Investment securities	1,520,172				1,516,391				916				1,502,996				12,479
Loans held for sale	14,109				14,109				—				—				14,109
Net loans and leases	3,148,218				3,094,404				—				38,205				3,056,199
Accrued interest receivable	14,898				14,898				14,898				—				—
Financial liabilities
Deposits:
Noninterest-bearing deposits	1,145,244				1,145,244				1,145,244				—				—
Interest-bearing demand and savings deposits	2,223,988				2,223,988				2,223,988				—				—
Time deposits	1,064,207				1,064,255				—				—				1,064,255
Short-term borrowings	69,000				69,000				—				69,000				—
Long-term debt	92,785				67,421				—				67,421				—
Accrued interest payable (included in other liabilities)	1,072				1,072				1,072				—				—
Off-balance sheet financial instruments
Commitments to extend credit	801,835				1,014				—				1,014				—
Standby letters of credit and financial guarantees written	13,434				202				—				202				—
Derivatives:
Interest rate lock commitments	24,009				43				—				43				—
Forward sale commitments	9,973				15				—				15				—

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

The following tables present the balances of assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015:

					Fair Value at Reporting Date Using
(dollars in thousands)	Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
March 31, 2016
Available for sale securities:
Debt securities:
States and political subdivisions	$	191,802			$	—			$	179,147			$	12,655
Corporate securities	109,796				—				109,796				—
Mortgage-backed securities:
Residential - U.S. Government sponsored entities	791,646				—				791,646				—
Residential - Non-government agencies	64,240				—				64,240				—
Commercial - Non-government agencies	140,970				—				140,970				—
Other	722				722				—				—
Total available for sale securities	1,299,176				722				1,285,799				12,655
Derivatives - Interest rate lock and forward sale commitments	(20		)		—				(20		)		—
Total	$	1,299,156			$	722			$	1,285,779			$	12,655

					Fair Value at Reporting Date Using
(dollars in thousands)	Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
December 31, 2015
Available for sale securities:
Debt securities:
States and political subdivisions	$	190,473			$	—			$	177,994			$	12,479
Corporate securities	108,571				—				108,571				—
Mortgage-backed securities:
Residential - U.S. Government sponsored entities	771,909				—				771,909				—
Residential - Non-government agencies	64,032				—				64,032				—
Commercial - Non-government agencies	136,354				—				136,354				—
Other	916				916				—				—
Total available for sale securities	1,272,255				916				1,258,860				12,479
Derivatives - Interest rate lock and forward sale commitments	59				—				59				—
Total	$	1,272,314			$	916			$	1,258,919			$	12,479

Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis

For the three months ended March 31, 2016 and 2015, the changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

(dollars in thousands)	Available for Sale States and Political Subdivisions Debt Securities
Balance at December 31, 2015	$	12,479
Principal payments received	(83		)
Unrealized net gain included in other comprehensive income	259
Balance at March 31, 2016	$	12,655
Balance at December 31, 2014	$	13,095
Principal payments received	(735		)
Unrealized net gain included in other comprehensive income	287
Balance at March 31, 2015	$	12,647

Schedule of level of valuation assumptions used to determine the fair value of assets measured on a nonrecurring basis

For assets measured at fair value on a nonrecurring basis that were recorded at fair value on our balance sheet at March 31, 2016 and December 31, 2015, the following table provides the level of valuation assumptions used to determine the respective fair values:

					Fair Value Measurements Using
(dollars in thousands)	Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
March 31, 2016
Impaired loans (1)	$	37,818			$	—			$	37,818			$	—
Other real estate (2)	1,260				—				1,260				—
December 31, 2015
Impaired loans (1)	$	38,153			$	—			$	38,153			$	—
Other real estate (2)	1,962				—				1,962				—

(1) Represents carrying value and related write-downs of loans for which adjustments are based on agreed upon purchase prices for the loans or the appraised value of the collateral.

(2)  Represents other real estate that is carried at the lower of carrying value or fair value less costs to sell. Fair value is generally based upon independent market prices or appraised values of the collateral.

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) whether recognized or not in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition and the measurements of those instruments, assets and liabilities. Such disclosures about the financial instruments, assets and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair 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 5
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19296-110258

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ 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 (c)
-URI http://asc.fasb.org/extlink&oid=36462937&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 3
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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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
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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