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FAIR VALUE MEASUREMENT AND DISCLOSURE (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, for the dates indicated:
(In thousands) |  | Fair Value |  | Readily Available Market Prices (Level 1) |  | Observable Market Data (Level 2) |  | Company Determined Fair Value (Level 3)
September 30, 2021 |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |
Trading securities |  | $ | 4,335 |  |  | $ | 4,335 |  |  | $ | — |  |  | $ | — |
AFS debt securities: |  |  |  |  |  |  |  |
Obligations of U.S. government-sponsored enterprises |  | 8,452 |  |  | — |  |  | 8,452 |  |  | — |
Obligations of states and political subdivisions |  | 117,753 |  |  | — |  |  | 117,753 |  |  | — |
Mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises |  | 919,992 |  |  | — |  |  | 919,992 |  |  | — |
Collateralized mortgage obligations issued or guaranteed by U.S. government-sponsored enterprises |  | 392,827 |  |  | — |  |  | 392,827 |  |  | — |
Subordinated corporate bonds |  | 16,186 |  |  | — |  |  | 16,186 |  |  | — |
Loans held for sale |  | 10,826 |  |  | — |  |  | 10,826 |  |  | — |
Customer loan swaps |  | 24,045 |  |  | — |  |  | 24,045 |  |  | — |
Interest rate contracts |  | 6,849 |  |  | — |  |  | 6,849 |  |  | — |
Fixed rate mortgage interest rate lock commitments |  | 498 |  |  | — |  |  | 498 |  |  | — |
Forward delivery commitments |  | 215 |  |  | — |  |  | 215 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |
Trading securities |  | $ | 4,335 |  |  | $ | 4,335 |  |  | $ | — |  |  | $ | — |
Customer loan swaps |  | 24,045 |  |  | — |  |  | 24,045 |  |  | — |
Interest rate contracts |  | 8,597 |  |  | — |  |  | 8,597 |  |  | — |
Fixed rate mortgage interest rate lock commitments |  | 116 |  |  | — |  |  | 116 |  |  | — |
Forward delivery commitments |  | 22 |  |  | — |  |  | 22 |  |  | — |
December 31, 2020 |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |
Trading securities |  | $ | 4,161 |  |  | $ | 4,161 |  |  | $ | — |  |  | $ | — |
AFS debt securities: |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | 127,120 |  |  | — |  |  | 127,120 |  |  | — |
Mortgage-backed securities issued or guaranteed by U.S. government-sponsored enterprises |  | 566,618 |  |  | — |  |  | 566,618 |  |  | — |
Collateralized mortgage obligations issued or guaranteed by U.S. government-sponsored enterprises |  | 410,454 |  |  | — |  |  | 410,454 |  |  | — |
Subordinated corporate bonds |  | 11,621 |  |  | — |  |  | 11,621 |  |  | — |
Loans held for sale |  | 41,557 |  |  | — |  |  | 41,557 |  |  | — |
Customer loan swaps |  | 39,627 |  |  | — |  |  | 39,627 |  |  | — |
Interest rate contracts |  | 5,731 |  |  | — |  |  | 5,731 |  |  | — |
Fixed rate mortgage interest rate lock commitments |  | 608 |  |  | — |  |  | 608 |  |  | — |
Forward delivery commitments |  | 311 |  |  | — |  |  | 311 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |
Trading securities |  | $ | 4,161 |  |  | $ | 4,161 |  |  | $ | — |  |  | $ | — |
Customer loan swaps |  | 39,627 |  |  | — |  |  | 39,627 |  |  | — |
Interest rate contracts |  | 11,625 |  |  | — |  |  | 11,625 |  |  | — |
Fixed rate mortgage interest rate lock commitments |  | 248 |  |  | — |  |  | 248 |  |  | — |
Forward delivery commitments |  | 196 |  |  | — |  |  | 196 |  |  | — |
Summary of Assets Measured at Fair Value on Non Recurring Basis | The table below highlights financial and non-financial assets measured and recorded at fair value on a non-recurring basis for the dates indicated:
(In thousands) |  | Fair Value |  | Readily Available Market Prices (Level 1) |  | Observable Market Data (Level 2) |  | Company Determined Fair Value (Level 3)
September 30, 2021 |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | 74 |  |  | $ | — |  |  | $ | — |  |  | $ | 74 |
December 31, 2020 |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |
Servicing assets |  | $ | 1,010 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,010 |
Non-financial assets: |  |  |  |  |  |  |  |
OREO |  | $ | 236 |  |  | $ | — |  |  | $ | — |  |  | $ | 236 |
Valuation Methodology and Unobservable Inputs for Level Three Assets Measured at Fair Value on Non Recurring Basis | The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis for the dates indicated:
(Dollars in thousands) |  | Fair Value |  | Valuation Methodology |  | Unobservable Input |  | Discount |
September 30, 2021 |  |  |  |  |  |  |  |  |
Collateral-dependent loans: |  |  |  |  |  |  |  |  |
Specifically reserved |  | $ | 74 |  |  | Market approach appraisal of collateral |  | Estimated selling costs |  | 11% |
December 31, 2020 |  |  |  |  |  |  |  |  |
Servicing assets |  | $ | 1,010 |  |  | Discounted cash flow |  | Weighted-average constant prepayment rate |  | 19% |
|  |  |  |  |  | Weighted average discount rate |  | 10% |
OREO |  | $ | 236 |  |  | Market approach appraisal of collateral |  | Management adjustment of appraisal |  | 5% |
|  |  |  |  |  | Estimated selling cost |  | 11% |
Carrying Amounts and Estimated Fair Value for Financial Instrument Assets and Liabilities | The estimated fair values and related carrying amounts for assets and liabilities for which fair value is only disclosed are shown below as of the dates indicated:
(In thousands) |  | Carrying Amount |  | Fair Value |  | Readily Available Market Prices (Level 1) |  | Observable Market Prices (Level 2) |  | Company Determined Market Prices (Level 3)
September 30, 2021 |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |
HTM debt securities |  | $ | 1,293 |  |  | $ | 1,390 |  |  | $ | — |  |  | $ | 1,390 |  |  | $ | — |
Commercial real estate loans(1)(2) |  | 1,397,639 |  |  | 1,360,937 |  |  | — |  |  | — |  |  | 1,360,937 |
Commercial loans(2) |  | 347,944 |  |  | 345,341 |  |  | — |  |  | — |  |  | 345,341 |
SBA PPP loans(2) |  | 81,916 |  |  | 85,660 |  |  | — |  |  | — |  |  | 85,660 |
Residential real estate loans(2) |  | 1,218,431 |  |  | 1,225,153 |  |  | — |  |  | — |  |  | 1,225,153 |
Home equity loans(2) |  | 216,959 |  |  | 214,909 |  |  | — |  |  | — |  |  | 214,909 |
Consumer loans(2) |  | 20,142 |  |  | 18,234 |  |  | — |  |  | — |  |  | 18,234 |
Servicing assets |  | 2,495 |  |  | 3,215 |  |  | — |  |  | — |  |  | 3,215 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | $ | 373,414 |  |  | $ | 374,316 |  |  | $ | — |  |  | $ | 374,316 |  |  | $ | — |
Short-term borrowings |  | 211,552 |  |  | 211,530 |  |  | — |  |  | 211,530 |  |  | — |
Subordinated debentures |  | 44,331 |  |  | 33,027 |  |  | — |  |  | 33,027 |  |  | — |
December 31, 2020 |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |
HTM debt securities |  | $ | 1,297 |  |  | $ | 1,411 |  |  | $ | — |  |  | $ | 1,411 |  |  | $ | — |
Commercial real estate loans(1)(2) |  | 1,344,860 |  |  | 1,307,132 |  |  | — |  |  | — |  |  | 1,307,132 |
Commercial loans(2) |  | 374,791 |  |  | 372,194 |  |  | — |  |  | — |  |  | 372,194 |
SBA PPP loans(2) |  | 135,026 |  |  | 137,209 |  |  |  |  |  |  | 137,209 |
Residential real estate loans(2) |  | 1,051,324 |  |  | 1,066,991 |  |  | — |  |  | — |  |  | 1,066,991 |
Home equity loans(2) |  | 255,957 |  |  | 253,276 |  |  | — |  |  | — |  |  | 253,276 |
Consumer loans(2) |  | 19,999 |  |  | 18,102 |  |  | — |  |  | — |  |  | 18,102 |
Servicing assets |  | 2,196 |  |  | 1,437 |  |  | — |  |  | — |  |  | 1,437 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Time deposits |  | $ | 457,694 |  |  | $ | 460,278 |  |  | $ | — |  |  | $ | 460,278 |  |  | $ | — |
Short-term borrowings |  | 162,439 |  |  | 162,420 |  |  | — |  |  | 162,420 |  |  | — |
Long-term borrowings |  | 25,000 |  |  | 25,442 |  |  | — |  |  | 25,442 |  |  | — |
Subordinated debentures |  | 59,331 |  |  | 46,475 |  |  | — |  |  | 46,475 |  |  | — |
(1) Commercial real estate loan includes non owner-occupied and owner-occupied properties. (2) The presented carrying amount is net of the allocated ACL on loans.

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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=117815213&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=117815213&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=117815213&loc=d3e19207-110258 + 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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