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v3.21.1

FAIR VALUE (Schedule of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Financial Assets: |  |  |
Securities available for sale |  | $ 875,301 | $ 622,689
FHLB and FRB stock |  | 13,699 | 13,709
Loans held for sale, at fair value |  | 9,219 | 13,588
Loans held for sale, at lower of cost or fair value |  | 53,185 | 18,520
Accrued interest receivable |  | 23,916 | 22,495
Financial Liabilities: |  |  |
Short-term borrowings |  | 15,000 | 15,000
Paycheck Protection Program Liquidity Facility |  | 168,180 | 177,086
Carrying Value [Member] |  |  |
Financial Assets: |  |  |
Cash and cash equivalents |  | 476,537 | 653,322
Securities available for sale |  | 875,301 | 622,689
CRA investment fund |  | 14,852 | 15,117
FHLB and FRB stock |  | 13,699 | 13,709
Loans held for sale, at fair value |  | 9,219 | 13,588
Loans held for sale, at lower of cost or fair value |  | 53,185 | 18,520
Loans, net of allowance for loan and lease losses |  | 4,310,395 | 4,305,128
Accrued interest receivable |  | 23,916 | 22,495
Financial Liabilities: |  |  |
Deposits |  | 4,944,913 | 4,818,484
Short-term borrowings |  | 15,000 | 15,000
Paycheck Protection Program Liquidity Facility |  | 168,180 | 177,086
Subordinated debt |  | 181,837 | 181,794
Accrued interest payable |  | 3,499 | 1,650
Carrying Value [Member] | Designated as Hedging Instrument [Member] |  |  |
Financial Liabilities: |  |  |
Derivatives |  | 8,166 | 9,616
Carrying Value [Member] | Not Designated as Hedging Instrument [Member] |  |  |
Financial Assets: |  |  |
Accrued interest receivable | [1] | 4,660 |
Derivatives |  | 45,301 | 79,529
Financial Liabilities: |  |  |
Accrued interest payable |  | 4,660 |
Derivatives |  | 45,301 | 79,529
Fair value [Member] |  |  |
Financial Assets: |  |  |
Cash and cash equivalents |  | 476,537 | 653,322
Securities available for sale |  | 875,301 | 622,689
CRA investment fund |  | 14,852 | 15,117
Loans held for sale, at fair value |  | 9,219 | 13,588
Loans held for sale, at lower of cost or fair value |  | 53,399 | 19,115
Loans, net of allowance for loan and lease losses |  | 4,511,593 | 4,462,243
Accrued interest receivable |  | 23,916 | 22,495
Financial Liabilities: |  |  |
Deposits |  | 4,950,386 | 4,826,406
Short-term borrowings |  | 15,000 | 15,000
Paycheck Protection Program Liquidity Facility |  | 168,180 | 177,086
Subordinated debt |  | 181,076 | 183,348
Accrued interest payable |  | 3,499 | 1,650
Fair value [Member] | Quoted Prices in Active Market For Identical Assets (Level 1) [Member] |  |  |
Financial Assets: |  |  |
Cash and cash equivalents |  | 476,537 | 653,322
CRA investment fund |  | 14,852 | 15,117
Financial Liabilities: |  |  |
Deposits |  | 4,404,837 | 4,222,370
Accrued interest payable |  | 147 | 150
Fair value [Member] | Significant Other Observable Inputs (Level 2) [Member] |  |  |
Financial Assets: |  |  |
Securities available for sale |  | 875,301 | 622,689
Loans held for sale, at fair value |  | 9,219 | 13,588
Loans held for sale, at lower of cost or fair value |  | 53,399 | 19,115
Accrued interest receivable |  | 2,244 | 1,653
Financial Liabilities: |  |  |
Deposits |  | 545,549 | 604,036
Short-term borrowings |  | 15,000 | 15,000
Paycheck Protection Program Liquidity Facility |  | 168,180 | 177,086
Accrued interest payable |  | 1,159 | 1,347
Fair value [Member] | Significant Unobservable Inputs (Level 3) [Member] |  |  |
Financial Assets: |  |  |
Loans, net of allowance for loan and lease losses |  | 4,511,593 | 4,462,243
Accrued interest receivable |  | 21,672 | 20,842
Financial Liabilities: |  |  |
Subordinated debt |  | 181,076 | 183,348
Accrued interest payable |  | 2,193 | 153
Fair value [Member] | Designated as Hedging Instrument [Member] |  |  |
Financial Liabilities: |  |  |
Derivatives |  | 8,166 | 9,616
Fair value [Member] | Designated as Hedging Instrument [Member] | Significant Other Observable Inputs (Level 2) [Member] |  |  |
Financial Liabilities: |  |  |
Derivatives |  | 8,166 | 9,616
Fair value [Member] | Not Designated as Hedging Instrument [Member] |  |  |
Financial Assets: |  |  |
Accrued interest receivable | [1] | 4,660 |
Derivatives |  | 45,301 | 79,529
Financial Liabilities: |  |  |
Accrued interest payable |  | 4,660 |
Derivatives |  | 45,301 | 79,529
Fair value [Member] | Not Designated as Hedging Instrument [Member] | Significant Other Observable Inputs (Level 2) [Member] |  |  |
Financial Assets: |  |  |
Accrued interest receivable | [1] | 4,660 |
Derivatives |  | 45,301 | 79,529
Financial Liabilities: |  |  |
Accrued interest payable |  | 4,660 |
Derivatives |  | $ 45,301 | $ 79,529
[1] | Included in other assets in the Consolidated Statement of Condition.

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