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v3.22.2.2

Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value |
Schedule of assets and liabilities measured at fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2022
​ | ​ | Fair Value Measurements Using
​ | ​ | Significant Unobservable Inputs (Level 3)
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
U.S. Government agencies | ​ | $ | — | ​ | $ | 106,281 | ​ | $ | — | ​ | $ | 106,281
Mortgage Backed Securities-residential | ​ |  | — | ​ |  | 618,969 | ​ |  | — | ​ |  | 618,969
Mortgage Backed Securities-commercial | ​ |  | — | ​ |  | 11,309 | ​ |  | — | ​ |  | 11,309
Collateralized mortgage obligations | ​ |  | — | ​ |  | 206,360 | ​ |  | — | ​ |  | 206,360
State and municipal | ​ |  | — | ​ |  | 347,270 | ​ |  | 1,545 | ​ |  | 348,815
Municipal taxable | ​ |  | — | ​ |  | 32,606 | ​ |  | — | ​ |  | 32,606
U.S. Treasury | ​ |  | — | ​ |  | 2,056 | ​ |  | — | ​ |  | 2,056
Collateralized debt obligations | ​ |  | — | ​ |  | — | ​ |  | 3,111 | ​ |  | 3,111
Other securities | ​ |  | — | ​ |  | — | ​ |  | 2,478 | ​ |  | 2,478
TOTAL | ​ | $ | — | ​ | $ | 1,324,851 | ​ | $ | 7,134 | ​ | $ | 1,331,985
Derivative Assets | ​ | ​ | ​ | ​ | ​ | 3,555 | ​ |  |  | ​ |  |
Derivative Liabilities | ​ | ​ | ​ | ​ |  | (3,555) | ​ |  |  | ​ |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2021
​ | ​ | Fair Value Measurements Using
​ | ​ | Significant Unobservable Inputs (Level 3)
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
U.S. Government agencies | ​ | $ | — | ​ | $ | 120,123 | ​ | $ | — | ​ | $ | 120,123
Mortgage Backed Securities-residential | ​ | ​ | — | ​ | ​ | 626,428 | ​ | ​ | — | ​ | ​ | 626,428
Mortgage Backed Securities-commercial |  | ​ | — |  | ​ | 15,671 |  | ​ | — |  | ​ | 15,671
Collateralized mortgage obligations |  | ​ | — |  | ​ | 175,005 |  | ​ | — |  | ​ | 175,005
State and municipal |  | ​ | — |  | ​ | 378,203 |  | ​ | 1,895 |  | ​ | 380,098
Municipal taxable |  | ​ | — |  | ​ | 38,626 |  | ​ | — |  | ​ | 38,626
U.S. Treasury |  | ​ | — |  | ​ | 204 |  | ​ | — |  | ​ | 204
Collateralized debt obligations |  | ​ | — |  | ​ | — |  | ​ | 3,359 |  | ​ | 3,359
Other securities | ​ | ​ | — | ​ | ​ | 3,477 | ​ | ​ | 1,743 | ​ | ​ | 5,220
TOTAL | ​ | $ | — | ​ | $ | 1,357,737 | ​ | $ | 6,997 | ​ | $ | 1,364,734
Derivative Assets | ​ | ​ | ​ | ​ | ​ | 1,030 | ​ |  |  | ​ |  |
Derivative Liabilities | ​ | ​ | ​ | ​ |  | (1,030) | ​ |  |  | ​ |  |
Schedule of fair value measurements using significant unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
​ | ​ | Three Months Ended
​ | ​ | September 30, 2022
​ |  | State and |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | municipal | ​ | Collateralized | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | obligations |  | debt obligations |  | Other securities |  | Total
Beginning balance, July 1 | ​ | $ | 1,545 | ​ | $ | 3,087 | ​ | $ | 1,494 | ​ | $ | 6,126
Total realized/unrealized gains or losses | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
Included in earnings | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Included in other comprehensive income | ​ |  | — | ​ |  | 24 | ​ |  | — | ​ |  | 24
Transfers | ​ |  | — | ​ |  | — | ​ |  | 984 | ​ |  | 984
Settlements | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Ending balance, September 30 | ​ | $ | 1,545 | ​ | $ | 3,111 | ​ | $ | 2,478 | ​ | $ | 7,134
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended
​ | ​ | September 30, 2022
​ |  | State and |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | municipal | ​ | Collateralized | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | obligations |  | debt obligations |  | Other securities |  | Total
Beginning balance, January 1 | ​ | $ | 1,895 | ​ | $ | 3,359 | ​ | $ | 1,743 | ​ | $ | 6,997
Total realized/unrealized gains or losses | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  |
Included in earnings | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Included in other comprehensive income | ​ |  | — | ​ |  | (248) | ​ |  | — | ​ |  | (248)
Transfers | ​ |  | — | ​ |  | — | ​ |  | 984 | ​ |  | 984
Settlements | ​ |  | (350) | ​ |  | — | ​ |  | (249) | ​ |  | (599)
Ending balance, September 30 | ​ | $ | 1,545 | ​ | $ | 3,111 | ​ | $ | 2,478 | ​ | $ | 7,134
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
​ | ​ | Year Ended
​ | ​ | December 31, 2021
​ | ​ | State and | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | municipal | ​ | Collateralized | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | obligations |  | debt obligations |  | Other securities | ​ | Total
Beginning balance, January 1 | ​ | $ | 1,895 | ​ | $ | 3,136 | ​ | $ | — | ​ | $ | 5,031
Total realized/unrealized gains or losses |  | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |
Included in earnings |  | ​ | — |  | ​ | — |  | ​ | — | ​ | ​ | —
Included in other comprehensive income |  | ​ | — |  | ​ | 223 |  | ​ | — | ​ | ​ | 223
Purchases |  | ​ | — |  | ​ | — |  | ​ | 1,743 | ​ | ​ | 1,743
Settlements |  | ​ | — |  | ​ | — |  | ​ | — | ​ | ​ | —
Ending balance, December 31 | ​ | $ | 1,895 | ​ | $ | 3,359 | ​ | $ | 1,743 | ​ | $ | 6,997
Quantitative information about recurring and non-recurring Level 3 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |
State and municipal obligations | ​ | $ | 1,545 |  | Discounted cash flow |  | Discount rate |  | 3.73%-4.44 | %
Collateralized debt obligations | ​ | $ | 3,111 |  | Discounted cash flow |  | Discount rate |  | 2.67 | %
Other securities | ​ | $ | 2,478 |  | Discounted cash flow |  | Discount rate |  | 0.04%-3.35 | %
Collateral dependent loans | ​ | $ | 5,172 |  | Discounted cash flow |  | Discount rate for age of appraisal and market conditions |  | 0.00%-50.00 | %
​ The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2021. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |
State and municipal obligations | ​ | $ | 1,895 |  | Discounted cash flow |  | Discount rate |  | 3.41%-4.44 | %
Collateralized debt obligations | ​ | $ | 3,359 |  | Discounted cash flow |  | Discount rate |  | 1.83 | %
Other securities | ​ | $ | 1,743 |  | Discounted cash flow |  | Discount rate |  | 0.65%-1.40 | %
Collateral dependent loans | ​ | ​ | 12,839 |  | Discounted cash flow |  | Discount rate for age of appraisal and market conditions |  | 0.00%-50.00 | %
Schedule of carrying amount and estimated fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2022
​ | ​ | Carrying | ​ | Fair Value
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and due from banks | ​ | $ | 328,222 | ​ | $ | 29,207 | ​ | $ | 299,015 | ​ | $ | — | ​ | $ | 328,222
Federal funds sold | ​ | ​ | 8,223 | ​ | ​ | — | ​ | ​ | 8,223 | ​ | ​ | — | ​ | ​ | 8,223
Securities available-for-sale | ​ |  | 1,331,985 | ​ |  | — | ​ |  | 1,324,851 | ​ |  | 7,134 | ​ |  | 1,331,985
Restricted stock | ​ |  | 15,372 | ​ |  | n/a |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a
Loans, net | ​ |  | 2,930,980 | ​ |  | — | ​ |  | — | ​ |  | 2,591,866 | ​ |  | 2,591,866
Accrued interest receivable | ​ |  | 19,128 | ​ |  | — | ​ |  | 6,785 | ​ |  | 12,343 | ​ |  | 19,128
Deposits | ​ |  | (4,407,506) | ​ |  | — | ​ |  | (4,389,442) | ​ |  | — | ​ |  | (4,389,442)
Short-term borrowings | ​ |  | (89,321) | ​ |  | — | ​ |  | (89,321) | ​ |  | — | ​ |  | (89,321)
Other borrowings | ​ |  | (9,593) | ​ |  | — | ​ |  | (8,827) | ​ |  | — | ​ |  | (8,827)
Accrued interest payable | ​ |  | (479) | ​ |  | — | ​ |  | (479) | ​ |  | — | ​ |  | (479)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2021
​ | ​ | Carrying | ​ | Fair Value
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and due from banks | ​ | $ | 682,807 | ​ | $ | 24,901 | ​ | $ | 657,906 | ​ | $ | — | ​ | $ | 682,807
Federal funds sold | ​ | ​ | 308 | ​ | ​ | — | ​ | ​ | 308 | ​ | ​ | — | ​ | ​ | 308
Securities available-for-sale |  | ​ | 1,364,734 |  | ​ | — |  | ​ | 1,357,737 |  | ​ | 6,997 |  | ​ | 1,364,734
Restricted stock |  | ​ | 16,200 |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a
Loans, net |  | ​ | 2,767,590 |  | ​ | — |  | ​ | — |  | ​ | 2,682,257 |  | ​ | 2,682,257
Accrued interest receivable |  | ​ | 16,946 |  | ​ | — |  | ​ | 4,709 |  | ​ | 12,237 |  | ​ | 16,946
Deposits |  | ​ | (4,409,569) |  | ​ | — |  | ​ | (4,418,117) |  | ​ | — |  | ​ | (4,418,117)
Short-term borrowings |  | ​ | (93,374) |  | ​ | — |  | ​ | (93,374) |  | ​ | — |  | ​ | (93,374)
Other borrowings |  | ​ | (15,937) |  | ​ | — |  | ​ | (16,483) |  | ​ | — |  | ​ | (16,483)
Accrued interest payable |  | ​ | (687) |  | ​ | — |  | ​ | (687) |  | ​ | — |  | ​ | (687)

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + 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=123874694&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 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=123874694&loc=SL7498348-110258 Reference 4: 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=123874694&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 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 (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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