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FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2017

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)
June 30, 2017
Financial assets
Cash and due from banks	$	85,975			$	85,975			$	85,975			$	—			$	—
Interest-bearing deposits in other banks	54,576				54,576				54,576				—				—
Investment securities	1,520,483				1,519,229				809				1,506,231				12,189
Loans held for sale	13,288				13,288				—				13,288				—
Net loans and leases	3,538,907				3,505,125				—				28,058				3,477,067
Mortgage servicing rights	15,932				17,024				—				—				17,024
Federal Home Loan Bank stock	6,492				6,492				6,492				—				—
Accrued interest receivable	15,636				15,636				15,636				—				—
Financial liabilities
Deposits:
Noninterest-bearing demand	1,383,754				1,383,754				1,383,754				—				—
Interest-bearing demand and savings and money market	2,371,064				2,371,064				2,371,064				—				—
Time	1,131,564				1,127,639				—				—				1,127,639
Short-term borrowings	—				—				—				—				—
Long-term debt	92,785				69,265				—				69,265				—
Accrued interest payable (included in other liabilities)	2,504				2,504				2,504				—				—
Off-balance sheet financial instruments
Commitments to extend credit	890,045				1,123				—				1,123				—
Standby letters of credit and financial guarantees written	19,329				290				—				290				—
Derivatives:
Interest rate lock commitments	3,347				(15		)		—				(15		)		—
Forward sale commitments	15,145				30				—				30				—

									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, 2016
Financial assets
Cash and due from banks	$	75,272			$	75,272			$	75,272			$	—			$	—
Interest-bearing deposits in other banks	9,069				9,069				9,069				—				—
Investment securities	1,461,515				1,458,213				660				1,445,357				12,196
Loans held for sale	31,881				31,881				—				31,881				—
Net loans and leases	3,468,259				3,426,976				—				30,723				3,396,253
Mortgage servicing rights	15,779				18,087				—				—				18,087
Federal Home Loan Bank stock	11,572				11,572				11,572				—				—
Accrued interest receivable	15,675				15,675				15,675				—				—
Financial liabilities
Deposits:
Noninterest-bearing demand	1,265,246				1,265,246				1,265,246				—				—
Interest-bearing demand and savings and money market	2,253,591				2,253,591				2,253,591				—				—
Time	1,089,364				1,088,436				—				—				1,088,436
Short-term borrowings	135,000				135,000				—				135,000				—
Long-term debt	92,785				68,186				—				68,186				—
Accrued interest payable (included in other liabilities)	1,556				1,556				1,556				—				—
Off-balance sheet financial instruments
Commitments to extend credit	825,304				1,046				—				1,046				—
Standby letters of credit and financial guarantees written	16,043				241				—				241				—
Derivatives:
Interest rate lock commitments	879				6				—				6				—
Forward sale commitments	32,497				136				—				136				—

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

The following tables presents the fair value of assets and liabilities measured on a recurring basis as of June 30, 2017 and December 31, 2016:

					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)
June 30, 2017
Available for sale securities:
Debt securities:
States and political subdivisions	$	185,682			$	—			$	173,493			$	12,189
Corporate securities	94,072				—				94,072				—
U.S. Treasury obligations and direct obligations of U.S Government agencies	26,506				—				26,506				—
Mortgage-backed securities:
Residential - U.S. Government sponsored entities	788,338				—				788,338				—
Commercial - U.S. Government agencies and sponsored entities	32,548				—				32,548				—
Residential - Non-government agencies	48,954				—				48,954				—
Commercial - Non-government agencies	138,986				—				138,986				—
Other	809				809				—				—
Total available for sale securities	1,315,895				809				1,302,897				12,189
Derivatives: Interest rate lock and forward sale commitments	15				—				15				—
Total	$	1,315,910			$	809			$	1,302,912			$	12,189

					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, 2016
Available for sale securities:
Debt securities:
States and political subdivisions	$	185,041			$	—			$	172,845			$	12,196
Corporate securities	99,389				—				99,389				—
Mortgage-backed securities:
Residential - U.S. Government sponsored entities	769,986				—				769,986				—
Residential - Non-government agencies	51,547				—				51,547				—
Commercial - Non-government agencies	137,224				—				137,224				—
Other	660				660				—				—
Total available for sale securities	1,243,847				660				1,230,991				12,196
Derivatives: Interest rate lock and forward sale commitments	142				—				142				—
Total	$	1,243,989			$	660			$	1,231,133			$	12,196

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

For the six months ended June 30, 2017 and 2016, 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 Debt Securities: States and Political Subdivisions
Balance at December 31, 2016	$	12,196
Principal payments received	(183		)
Unrealized net gain included in other comprehensive income	176
Balance at June 30, 2017	$	12,189
Balance at December 31, 2015	$	12,479
Principal payments received	(166		)
Unrealized net gain included in other comprehensive income	1,002
Balance at June 30, 2016	$	13,315

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

the level of valuation assumptions used to determine the respective fair values as of June 30, 2017 and December 31, 2016:

					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)
June 30, 2017
Impaired loans (1)	$	28,058			$	—			$	28,058			$	—
Mortgage servicing rights	17,024				—				—				17,024
Other real estate (2)	1,008				—				1,008				—
December 31, 2016
Impaired loans (1)	$	30,723			$	—			$	30,723			$	—
Mortgage servicing rights	18,087				—				—				18,087
Other real estate (2)	791				—				791				—

(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.

X

- 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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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Name Accounting Standards Codification
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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=66048111&loc=d3e19207-110258

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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=66048111&loc=d3e19190-110258

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