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FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2018

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)
September 30, 2018
Financial assets
Cash and due from banks	$	82,668			$	82,668			$	82,668			$	—			$	—
Interest-bearing deposits in other banks	7,051				7,051				7,051				—				—
Investment securities	1,386,739				1,380,353				885				1,368,324				11,144
Loans held for sale	4,460				4,460				—				4,460				—
Net loans and leases	3,931,201				3,804,844				—				19,170				3,785,674
Mortgage servicing rights	15,634				18,315				—				—				18,315
Federal Home Loan Bank stock	10,965				N/A				N/A				N/A				N/A
Financial liabilities
Deposits:
Noninterest-bearing demand	1,403,534				1,403,534				1,403,534				—				—
Interest-bearing demand and savings and money market	2,438,595				2,438,595				2,438,595				—				—
Time	1,161,551				1,152,739								—				1,152,739
Short-term borrowings	105,000				105,000				—				105,000				—
Long-term debt	92,785				88,344				—				88,344				—

													Fair Value Measurement Using
(dollars in thousands)	Notional Amount				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)
September 30, 2018
Derivatives
Interest rate lock commitments	$	15,463			$	(4	)		$	(4	)		$	—			$	(4	)		$	—
Forward sale commitments	19,861				67				67				—				67				—
Off-balance sheet financial instruments
Commitments to extend credit	1,066,761				—				1,272				—				1,272				—
Standby letters of credit and financial guarantees written	13,465				—				202				—				202				—

									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, 2017
Financial assets
Cash and due from banks	$	75,318			$	75,318			$	75,318			$	—			$	—
Interest-bearing deposits in other banks	6,975				6,975				6,975				—				—
Investment securities	1,496,644				1,494,092				825				1,481,473				11,794
Loans held for sale	16,336				16,336				—				16,336				—
Net loans and leases	3,720,614				3,684,834				—				21,280				3,663,554
Mortgage servicing rights	15,843				17,161				—				—				17,161
Federal Home Loan Bank stock	7,761				N/A				N/A				N/A				N/A
Financial liabilities
Deposits:
Noninterest-bearing demand	1,395,556				1,395,556				1,395,556				—				—
Interest-bearing demand and savings and money market	2,414,930				2,414,930				2,414,930				—				—
Time	1,145,868				1,140,064				—				—				1,140,064
Short-term borrowings	32,000				32,000				—				32,000				—
Long-term debt	92,785				70,139				—				70,139				—

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

The following tables present the fair value of assets and liabilities measured on a recurring basis as of September 30, 2018 and December 31, 2017:

					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)
September 30, 2018
Available-for-sale securities
Debt securities:
States and political subdivisions	$	173,552			$	—			$	162,408			$	11,144
Corporate securities	65,133				—				65,133				—
U.S. Treasury obligations and direct obligations of U.S Government agencies	33,919				—				33,919				—
Mortgage-backed securities:
Residential - U.S. Government sponsored entities	734,357				—				734,357				—
Commercial - U.S. Government agencies and sponsored entities	51,205				—				51,205				—
Residential - Non-government agencies	41,370				—				41,370				—
Commercial - Non-government agencies	133,466				—				133,466				—
Total available-for-sale securities	1,233,002				—				1,221,858				11,144
Equity securities	885				885				—				—
Derivatives - Interest rate lock and forward sale commitments	63				—				63				—
Total	$	1,233,950			$	885			$	1,221,921			$	11,144

					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, 2017
Available-for-sale securities
Debt securities:
States and political subdivisions	$	179,781			$	—			$	167,987			$	11,794
Corporate securities	74,278				—				74,278				—
U.S. Treasury obligations and direct obligations of U.S Government agencies	25,510				—				25,510				—
Mortgage-backed securities:
Residential - U.S. Government sponsored entities	800,683				—				800,683				—
Commercial - U.S. Government agencies and sponsored entities	39,725				—				39,725				—
Residential - Non-government agencies	46,763				—				46,763				—
Commercial - Non-government agencies	137,326				—				137,326				—
Total available-for-sale securities	1,304,066				—				1,292,272				11,794
Equity securities	825				825				—				—
Derivatives - Interest rate lock and forward sale commitments	(14		)		—				(14		)		—
Total	$	1,304,877			$	825			$	1,292,258			$	11,794

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

For the nine months ended September 30, 2018 and 2017, 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, 2017	$	11,794
Principal payments received	(280		)
Unrealized net gain (loss) included in other comprehensive income	(370		)
Balance at September 30, 2018	$	11,144
Balance at December 31, 2016	$	12,196
Principal payments received	(268		)
Unrealized net gain (loss) included in other comprehensive income	170
Balance at September 30, 2017	$	12,098

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 September 30, 2018 and December 31, 2017:

					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)
September 30, 2018
Impaired loans (1)	$	19,170			$	—			$	19,170			$	—
Mortgage servicing rights	18,315				—				—				18,315
Other real estate (2)	414				—				414				—
December 31, 2017
Impaired loans (1)	$	21,280			$	—			$	21,280			$	—
Mortgage servicing rights	17,161				—				—				17,161
Other real estate (2)	851				—				851				—

⁽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 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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- 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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-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=d3e19190-110258

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-Publisher FASB
-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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