Premier Financial (PFC) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
Entity Registrant Name	Premier Financial Corp.
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		35,538,460
Entity Central Index Key	0000946647
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	PFC
City Area Code	419
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	601 Clinton Street
Entity Address, City or Town	Defiance
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43512
Entity File Number	0-26850
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1803915
Local Phone Number	785-8700

Consolidated Condensed Statemen

Consolidated Condensed Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and amounts due from depository institutions	$ 62,083	$ 54,858
Interest-bearing deposits	91,683	106,708
Cash and cash equivalents, federal funds sold	153,766	161,566
Securities available-for-sale, carried at fair value	1,219,365	1,206,260
Equity securities	13,454	14,097
Loans held for sale, carried at fair value	153,498	162,947
Loans receivable, net of allowance for credit losses of $67,195 at March 31, 2022 and $66,468 at December 31, 2021, respectively	5,321,136	5,229,700
Mortgage servicing rights	20,715	19,538
Accrued interest receivable	21,765	20,767
Federal Home Loan Bank stock	15,332	11,585
Bank owned life insurance	167,763	166,767
Premises and equipment	54,684	55,602
Real estate and other assets held for sale	253	171
Goodwill	317,948	317,948
Core deposit and other intangibles	22,691	24,129
Other assets	108,510	90,325
Total assets	7,590,880	7,481,402
Liabilities:
Deposits	6,317,235	6,282,051
Advances from the Federal Home Loan Bank	150,000
Subordinated debentures	85,008	84,976
Advance payments by borrowers	20,332	24,716
Reserve for credit losses - unfunded commitments	5,340	5,031
Other liabilities	69,669	61,132
Total liabilities	6,647,584	6,457,906
Stockholders’ equity:
Preferred stock, $.01 par value per share: 4,963,000 shares authorized; no shares issued
Common stock, $.01 par value per share: 50,000,000 shares authorized; 43,297,260 and 43,297,260 shares issued and 36,978,151 and 37,291,480 shares outstanding at September 30, 2021 and December 31, 2020, respectively	306	306
Additional paid-in capital	691,350	691,132
Accumulated other comprehensive income, net of tax of $438 and $3,988, respectively	(75,497)	(3,428)
Retained earnings	459,087	443,517
Treasury stock, at cost, 7,676,682 shares at March 31, 2022 and 6,913,647 shares at December 31, 2021	131,950	108,031
Total stockholders’ equity	943,296	1,023,496
Total liabilities and stockholders’ equity	$ 7,590,880	$ 7,481,402

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans receivable, allowance (in dollars)	$ 67,195	$ 66,468
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	4,963,000	4,963,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	43,297,260	43,297,260
Common stock, shares outstanding	35,620,578	36,383,613
Accumulated other comprehensive income, tax effect (in dollars)	$ (20,069)	$ (912)
Treasury stock, shares	7,676,682	6,913,647
Cumulative Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	37,000	37,000
Preferred stock, shares issued	0	0

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Income - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest Income
Loans	$ 55,241,000	$ 57,565,000
Investment securities:
Taxable	4,610,000	2,782,000
Non-taxable	869,000	900,000
Interest-bearing deposits	46,000	66,000
FHLB stock dividends	59,000	59,000
Total interest income	60,825,000	61,372,000
Interest Expense
Deposits	2,222,000	4,164,000
FHLB advances and other	13,000	0
Subordinated debentures	696,000	695,000
Total interest expense	2,931,000	4,859,000
Net interest income	57,894,000	56,513,000
Credit loss expense (benefit) - loans and leases	626,000	(7,514,000)
Credit loss expense - unfunded commitments	309,000	551,000
Net interest income after credit (benefit) loss expense	56,959,000	63,476,000
Non-interest Income
Service fees and other charges	6,000,000	5,469,000
Insurance commissions	4,639,000	4,882,000
Mortgage banking income	4,252,000	10,533,000
Gain on sale of securities available for sale	0	516,000
Gain (loss) on equity securities	(643,000)	1,610,000
Wealth management income	1,477,000	1,757,000
Income from Bank Owned Life Insurance	996,000	1,168,000
Other non-interest income	150,000	340,000
Total non-interest income	16,871,000	26,275,000
Non-interest Expense
Compensation and benefits	25,541,000	21,997,000
Occupancy	3,700,000	4,112,000
FDIC insurance premium	593,000	898,000
Financial institutions tax	1,191,000	1,190,000
Data processing	3,335,000	3,382,000
Amortization of intangibles	1,438,000	1,623,000
Other non-interest expense	5,505,000	5,601,000
Total non-interest expense	41,303,000	38,803,000
Income before income taxes	32,527,000	50,948,000
Income tax expense	6,170,000	9,952,000
Net income	$ 26,357,000	$ 40,996,000
Earnings per common share
Basic	$ 0.73	$ 1.10
Diluted	$ 0.73	$ 1.10

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 26,357	$ 40,996
Other comprehensive (loss) income:
Unrealized (losses) gains on securities available for sale	(74,193)	(19,112)
Reclassification adjustment for securities gains (losses) included in net income	0	(516)
Income tax effect	15,580	4,122
Net of tax amount	(58,613)	(15,506)
Unrealized gain/(loss) on balance sheet swap	(16,241)
Reclassification adjustment for cash flow hedge derivatives gain included in net income	(793)
Income tax effect	3,578
Net of tax amount	(13,456)
Total other comprehensive income (loss)	(72,069)	(15,506)
Comprehensive income (loss)	$ (45,712)	$ 25,490

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2020	$ 982,276	$ 306	$ 689,390	$ 15,004	$ 356,414	$ (78,838)
Balance (in shares) at Dec. 31, 2020		37,291,480
Net income (loss)	40,996				40,996
Other comprehensive income (loss)	(15,506)			(15,506)
Deferred compensation plan			51			(51)
Deferred compensation plan (in shares)		7,911
Stock based compensation expenses	551		551
Vesting of incentive plans			(82)			82
Vesting of incentive plans (in shares)		6,124
Shares issued under stock option plan	8					8
Shares issued under stock option plan (in shares)		600
Restricted share issuance			(183)			183
Restricted share issuance (in shares)		13,708
Restricted share forfeitures	(118)		20			(138)
Restricted share forfeitures (in shares)		5,779
Shares repurchased	(1,078)					(1,078)
Shares repurchased (In Shares)		39,200
Common stock dividend payment	(8,943)				(8,943)
Balance at Mar. 31, 2021	998,186	$ 306	689,747	(502)	388,467	(79,832)
Balance (in shares) at Mar. 31, 2021		37,274,844
Balance at Dec. 31, 2021	1,023,496	$ 306	691,132	(3,428)	443,517	(108,031)
Balance (in shares) at Dec. 31, 2021		36,383,613
Net income (loss)	26,357				26,357
Other comprehensive income (loss)	(72,069)			(72,069)
Deferred compensation plan			(14)			14
Deferred compensation plan (in shares)		9,933
Vesting of incentive plans	1,006		760			246
Vesting of incentive plans (in shares)		5,660
Restricted share issuance	(246)		(597)			351
Restricted share issuance (in shares)		19,936
Restricted share forfeitures	(216)		69			(285)
Restricted share forfeitures (in shares)		5,398
Shares repurchased	(24,245)					(24,245)
Shares repurchased (In Shares)		793,166
Common stock dividend payment	(10,787)				(10,787)
Balance at Mar. 31, 2022	$ 943,296	$ 306	$ 691,350	$ (75,497)	$ 459,087	$ (131,950)
Balance (in shares) at Mar. 31, 2022		35,620,578

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement Of Stockholders Equity [Abstract]
Dividend payment per share	$ 0.30	$ 0.24

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income (loss)	$ 26,357,000	$ 40,996,000
Items not requiring (providing) cash:
Credit loss expense (benefit)	935,000	(6,963,000)
Depreciation	1,466,000	1,647,000
Amortization of premium and discounts on loans, securities, deposits and debt obligations	1,882,000	143,000
Amortization of mortgage servicing rights, net of impairment charges/recoveries	170,000	(2,976,000)
Amortization of intangibles	1,438,000	1,623,000
Change in deferred taxes	193,000	0
Proceeds from the sale of loans held for sale	122,952,000	258,544,000
Originations of loans held for sale	(112,308,000)	(249,607,000)
Mortgage banking gain, net	(2,543,000)	(5,640,000)
Gain/loss on sale / write-down of real estate and other assets held for sale	(6,000)	6,000
Loss (gain) on sale of available for sale securities	0	(516,000)
Loss (gain) on equity securities	643,000	(1,610,000)
Stock based compensation expense	760,000	551,000
Restricted stock forfeitures for taxes and option exercises	(216,000)	(110,000)
Income from bank owned life insurance	(996,000)	(1,168,000)
Changes in:
Accrued interest receivable and other assets	(20,838,000)	(9,833,000)
Other liabilities	12,124,000	(744,000)
Net cash provided by (used by) operating activities	32,013,000	24,343,000
Investing Activities
Proceeds from maturities, calls and pay-downs of available-for-sale securities	32,299,000	41,123,000
Proceeds from sale of available-for-sale securities	0	22,380,000
Proceeds from sale of premises and equipment, real estate and other assets held for sale	44,000	117,000
Purchases of available-for-sale securities	(122,459,000)	(267,079,000)
Purchases of equity securities	0	(11,053,000)
Net change in Federal Home Loan Bank stock	(3,747,000)	6,698,000
Purchases of premises and equipment, net	(548,000)	(120,000)
Proceeds from bank owned life insurance	0	892,000
Net (decrease) increase in loans receivable	(91,416,000)	33,669,000
Net cash used by investing activities	(185,827,000)	(173,373,000)
Financing Activities
Net increase in deposits and advance payments by borrowers	31,046,000	303,532,000
Net change in Federal Home Loan Bank advances	150,000,000	0
Net cash paid for repurchase of common stock	(24,245,000)	(1,078,000)
Cash dividends paid on common stock	(10,787,000)	(8,943,000)
Net cash provided by financing activities	146,014,000	293,511,000
Increase (decrease) in cash and cash equivalents	(7,800,000)	144,481,000
Cash and cash equivalents at beginning of period	161,566,000	159,266,000
Cash and cash equivalents at end of period	153,766,000	303,747,000
Supplemental cash flow information:
Interest paid	$ 3,430,000	5,425,000
Income taxes paid		0
Initial recognition of right-of-use asset		500,000
Initial recognition of lease liability		500,000
Transfers from loans to real estate and other assets held for sale		$ 54,000

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation Premier Financial Corp. (“Premier” or the “Company”) is a bank holding company that conducts business through its wholly-owned subsidiaries, Premier Bank ("Bank"), First Insurance Group of the Midwest, Inc. (“First Insurance”), PFC Risk Management Inc. (“PFC Risk Management”) and PFC Capital, LLC (“PFC Capital”). All significant intercompany transactions and balances are eliminated in consolidation. Premier’s stock is traded on the NASDAQ Global Select Market under the ticker PFC. The Bank is primarily engaged in community banking. It attracts deposits from the general public through its offices and website, and uses those and other available sources of funds to originate residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans and consumer loans. In addition, the Bank invests in U.S. Treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities that are issued by federal agencies, collateralized mortgage obligations (“CMOs”), and corporate bonds. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Bank is a member of the Federal Home Loan Bank (“FHLB”) System. PFC Capital was formed as an Ohio limited liability company in 2016 for the purpose of providing mezzanine funding for customers. Mezzanine loans are offered by PFC Capital to customers in the Company’s market area and are expected to be repaid from the cash flow from operations of the business. First Insurance is an insurance agency that conducts business throughout Premier’s markets. First Insurance offers property and casualty insurance, life insurance and group health insurance. PFC Risk Management is a wholly-owned insurance company subsidiary of the Company that insures the Company and its subsidiaries against certain risks unique to the operations of the Company and for which insurance may not be currently available or economically feasible in today’s insurance marketplace. PFC Risk Management pools resources with several other similar insurance company subsidiaries of financial institutions to help minimize the risk allocable to each participating insurer. The consolidated condensed statement of financial condition at December 31, 2021, was derived from the audited financial statements at that date, which were included in Premier’s Annual Report on Form 10-K for the year ended December 31, 2021. The accompanying consolidated condensed financial statements as of March 31, 2022, and for the three months ended March 31, 2022 and 2021 have been prepared by the Company without audit and do not include information or footnotes necessary for the complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). These consolidated condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the 2021 Form 10-K. However, in the opinion of management, all adjustments, consisting of only normal recurring items, necessary for the fair presentation of the financial statements have been made. The results for the three months ended March 31, 2022 , are not necessarily indicative of the results that may be expected for the entire year.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Accounting Standards Update ASU No. 2020-04: Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848): On March 12, 2020, the FASB issued Accounting Standards Update (ASU) 2020-4, "Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASC 848 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rates expected to be discontinued. The Company has formed a cross-functional project team to lead the transition from LIBOR to adoption of alternative reference rates which include Secured Overnight Financing Rate (“SOFR”). The Company identified loans that renewed prior to 2021 and began incorporating LIBOR fallback language into existing LIBOR loans. Additionally, management is utilizing the timeline guidance published by the Alternative Reference Rates Committee to develop and achieve internal milestones during this transitional period. Additionally, the Company has adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020. The Company discontinued the use of new LIBOR-based loans by December 31, 2021, according to regulatory guidelines. Legacy LIBOR-based loans will be transitioned to an alternative reference rate on or before June 30, 2023. The amendments in these updates are elective, are only available from March 12, 2020 until December 31, 2022 and their application did not have a material effect on the Company. Accounting Standards not yet adopted ASU No. 2022-02, Troubled Debt Restructurings and Vintage Disclosures: On March 30, 2022, the FASB issued Accounting Standards Update ("ASU") 2022-02, "Troubled Debt Restructurings and Vintage Disclosures" which will eliminate troubled debt restructuring ("TDR") accounting for entities that have adopted ASU 2016-13, the current expected credit loss ("CECL") model and will add new vintage disclosures for gross write-offs. The elimination of TDR accounting can be adopted either prospectively for loan modifications after adoption or on a modified retrospective basis that would result in a cumulative effect adjustment to retained earnings in the period of adoption. ASU 2022-02 is effective for the Company for fiscal years beginning after December 15, 2022. The Company can elect to early adopt a part or all of the update. The Company is currently assessing the impacts of adopting the guidance.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	3. Fair Value FASB ASC Topic 820, Fair Value Measurements, defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. FASB ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on the best information available. In that regard, FASB ASC Topic 820 established a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: • Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 : Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by a correlation or other means. • Level 3 : Unobservable inputs for determining fair value of assets and liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Available-for-sale securities - Securities classified as available for sale are generally reported at fair value utilizing Level 2 inputs where the Company obtains fair value measurements from an independent pricing service that uses matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows and the bonds’ terms and conditions, among other things. Securities in Level 2 include U.S. federal government agencies, mortgage-backed securities, asset-backed securities, corporate bonds and municipal securities. Equity securities – These securities are reported at fair value utilizing Level 1 inputs where the Company obtains fair value measurements from a broker. Loans held for sale, carried at fair value – The Company has elected the fair value option for all loans held for sale originated after January 31, 2020. The fair value of conventional loans held for sale is determined using the current 15 day forward contract price for either 15 or 30 year conventional mortgages (Level 2). The fair value of permanent construction loans held for sale is determined using the current 60 day forward contract price for 15 or 30 years conventional mortgages which is then adjusted for unobservable market data such as estimated fall out rates and estimated time from origination to completion of construction (Level 3). Collateral dependent loans - Fair values for individually analyzed collateral dependent loans are generally based on appraisals obtained from licensed real estate appraisers and in certain circumstances consideration of offers obtained to purchase properties prior to foreclosure. Appraisals for commercial real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value on the cost to replace the current property. Value of market comparison approach evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and an investor’s required return. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Comparable sales adjustments are based on known sales prices of similar type and similar use properties and duration of time that the property has been on the market to sell. Such adjustments made in the appraisal process are typically significant and result in a Level 3 classification of the inputs for determining fair value. Real estate held for sale - Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are then reviewed monthly by members of the asset review committee for valuation changes and are accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which may utilize a single valuation approach or a combination of approaches including cost, comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for both individually analyzed collateral-dependent loans and other real estate owned ("OREO") are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the Company’s asset quality or collections department reviews the assumptions and approaches utilized in the appraisal. Appraisal values are discounted from 0 % to 30 % to account for other factors that may impact the value of collateral. In determining the value of individually analyzed collateral dependent loans and OREO, significant unobservable inputs may be used, which include but are not limited to: physical condition of comparable properties sold, net operating income generated by the property and investor rates of return. Mortgage servicing rights - On a quarterly basis, mortgage servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded on that tranche so that the servicing asset is carried at fair value. Fair value is determined at a tranche level based on a model that calculates the present value of estimated future net servicing income. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and are validated against available market data (Level 2). Mortgage banking derivative - The fair value of mortgage banking derivatives are evaluated monthly based on derivative valuation models using quoted prices for similar assets adjusted for specific attributes of the commitments and other observable market data at the valuation date (Level 2). Interest rate swaps – The Company periodically enters into interest rate swap agreements with its commercial customers who desire a fixed rate loan term that is longer than the Company is willing to extend. The Company then enters into a reciprocal swap agreement with a third party that offsets the interest rate risk from the interest rate swap extended to the customer. The interest rate swaps are derivative instruments which are carried at fair value on the statement of financial condition. The Company uses an independent third party to perform a market valuation analysis for both swap positions (Level 2). The Company also enters into cash flow hedge derivative instruments to hedge the risk of variability in cash flows (future interest payments) attributable to changes in the contractually specified LIBOR benchmark interest rate on the Company’s floating rate loan pool. The Company uses an independent third party to perform a market valuation analysis for these derivatives (Level 2). The following table summarizes the financial assets 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: Assets and Liabilities Measured on a Recurring Basis March 31, 2022 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 161,433 $ — $ 161,433 Mortgage-backed securities — 200,824 — 200,824 Collateralized mortgage obligations — 305,529 — 305,529 Asset-backed securities — 213,097 — 213,097 Corporate bonds — 72,719 — 72,719 Obligations of state and political subdivisions — 265,764 — 265,764 Equity securities 13,454 — — 13,454 Loans held for sale, at fair value — 37,014 116,484 153,498 Interest rate swaps — 2,338 — 2,338 Mortgage banking derivative — 9,923 — 9,923 Liabilities: Interest rate swaps — 2,338 — 2,338 Cash flow hedge derivative — 16,180 — 16,180 December 31, 2021 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 174,710 $ — $ 174,710 Mortgage-backed securities — 206,751 — 206,751 Collateralized mortgage obligations — 260,168 — 260,168 Asset-backed securities — 220,536 — 220,536 Corporate bonds — 70,893 — 70,893 Obligations of state and political subdivisions — 273,202 — 273,202 Equity securities 14,097 — — 14,097 Loans held for sale, at fair value — 28,780 134,167 162,947 Interest rate swaps — 1,287 — 1,287 Mortgage banking derivative — 2,336 — 2,336 Liabilities: Interest rate swaps — 1,292 — 1,292 The table below presents a reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three month periods ended March 31, 2022 and 2021 . There were no securities that were measured at Level 3 for the three month periods ended March 31, 2022 and 2021. Construction loans held for sale Three Months Ended 2022 2021 Balance of recurring Level 3 assets at beginning of period $ 134,167 $ 123,029 Total gains (losses) for the period Included in change in fair value of loans held for sale ( 13,459 ) ( 5,568 ) Originations 36,343 34,003 Sales ( 40,567 ) ( 16,826 ) Balance of recurring Level 3 assets at end of period $ 116,484 $ 134,638 For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 116,484 Quoted market price Time discount using the 60 day forward contract 0.00 % - 1.52 % December 31, 2021 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 134,167 Quoted market price Time discount using the 60 day forward contract 0.00 % - 1.86 % The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Non-Recurring Basis March 31, 2022 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Residential $ — $ — $ 16 16 Commercial real estate — — 3,218 3,218 Commercial — — 6,998 6,998 Total individually analyzed loans — — 10,232 10,232 Mortgage servicing rights — 20,715 — 20,715 December 31, 2021 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 2,749 $ 2,749 Commercial — — 8,564 8,564 Total individually analyzed loans — — 11,313 11,313 Mortgage servicing rights — 19,538 — 19,538 For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,199 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 20 - 50 % 31.38 % Individually analyzed Loans- $ 5,033 Equitable Recoupment claim estimate Discounts for collection issues 25 % 25.00 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,821 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 20 - 50 % 35.18 % Individually analyzed Loans- $ 5,492 Equitable Recoupment claim estimate Discounts for collection issues 25 % 25.00 % The Company has elected the fair value option for new applications accepted after January 31, 2020, and subsequently originated for residential mortgage and permanent construction loans held for sale. These loans are intended for sale and the Company believes that fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policies. The aggregate fair value of the residential mortgage loans held for sale at March 31, 2022 and December 31, 2021 was $ 37.0 million and $ 28.8 million, respectively, and they had a contractual balance of $ 36.1 million and $ 27.7 million, respectively, for these same periods. The difference between the fair value and the contractual balance is recorded in gains and losses on the sale of loans held for sale. For the three months ended March 31, 2022 , $ 1.5 million was recorded in losses on the sale of loans held for sale for the change in fair value. For the three months ended March 31, 2021 , $ 4.3 million was recorded in gains on the sale of loans held for sale for the change in fair value. The aggregate fair value of the permanent construction loans held for sale at March 31, 2022 and December 31, 2021 , was $ 116.5 million and $ 134.2 million, respectively, and they had a contractual balance of $ 120.8 million and $ 125.0 million, respectively, for these same periods. The difference between the fair value and the contractual balance is recorded in gains and losses on the sale of loans held for sale. For the three months ended March 31, 2022 , $ 13.4 million, was recorded in losses on the sale of loans held for sale for the change in fair value. For the three months ended March 31, 2021 , $ 5.6 million, was recorded in losses on the sale of loans held for sale for the change in fair value. In accordance with FASB ASC Topic 825, the Fair Value Measurements tables are a comparative condensed consolidated statement of financial condition based on carrying amount and estimated fair values of financial instruments as of March 31, 2022, and December 31, 2021. Accordingly, the aggregate fair value amounts presented do not represent the underlying value to Premier. Much of the information used to arrive at “fair value” is highly subjective and judgmental in nature and therefore the results may not be precise. Subjective factors include, among other things, estimated cash flows, risk characteristics and interest rates, all of which are subject to change. With the exception of investment securities, the Company’s financial instruments are not readily marketable and market prices do not exist. Since negotiated prices for the instruments, which are not readily marketable, depend greatly on the motivation of the buyer and seller, the amounts that will actually be realized or paid per settlement or maturity of these instruments could be significantly different. The carrying amount of cash and cash equivalents, as a result of their short-term nature, is considered to be equal to fair value and are classified as Level 1. It was not practicable to determine the fair value of FHLB stock due to restrictions placed on its transferability. The Company’s loans were valued on an individual basis, with consideration given to the loans’ underlying characteristics, including account types, remaining terms (in months), annual interest rates or coupons, interest types, past delinquencies, timing of principal and interest payments, current market rates, loss exposures, and remaining balances. The model utilizes a discounted cash flow (“DCF”) approach to estimate the fair value of the loans using assumptions for the coupon rates, remaining maturities, prepayment speeds, projected default probabilities, losses given defaults, and estimates of prevailing discount rates. The DCF approach models the credit losses directly in the projected cash flows. The model applies various assumptions regarding credit, interest, and prepayment risks for the loans based on loan types, payment types and fixed or variable classifications. The estimated fair value of individually analyzed loans is based on the fair value of the collateral, less estimated cost to sell, or the present value of the loan’s expected future cash flows (discounted at the loan’s effective interest rate). All individually analyzed loans are classified as Level 3 within the valuation hierarchy. The fair value of non-interest bearing deposits are considered equal to the amount payable on demand at the reporting date (i.e. carrying value) and are classified as Level 1. The fair value of savings, checking and certain money market accounts are equal to their carrying amounts and are a Level 1 classification. Fair values of fixed rate certificates of deposit are estimated using a DCF calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. The carrying value of notes payable, as a result of their short-term nature, is considered to be equal to fair value and are classified as Level 1. The fair values of securities sold under repurchase agreements are equal to their carrying amounts resulting in a Level 1 classification. The carrying value of floating rate subordinated debentures was considered to be the carrying value as the debt is floating rate and can be prepaid at any time without penalty. The carrying value of fixed rate subordinated debt is estimated using a DCF calculation that applies interest rates currently being offered in the market to the expected maturity of the debt. FHLB advances with maturities greater than 90 days are valued based on a DCF analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at March 31, 2022. The carrying value and estimated fair values of financial instruments at March 31, 2022 and December 31, 2021, were as follows: Fair Value Measurements at March 31, 2022 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 153,766 $ 153,766 $ 153,766 $ — $ — Securities available for sale 1,219,365 1,219,365 — 1,219,365 — Equity securities 13,454 13,454 13,454 — — Accrued interest receivable 21,765 21,765 21,765 — — Federal Home Loan Bank Stock 15,332 N/A N/A N/A N/A Loans receivable, net 5,321,136 5,319,654 — — 5,319,654 Loans held for sale, carried at fair value 153,498 153,498 — 37,014 116,484 Financial Liabilities: Deposits $ 6,317,235 $ 6,306,616 $ 5,592,560 $ 714,056 $ — Advances from Federal Home Loan Bank 150,000 150,000 — 150,000 — Subordinated debentures 85,008 84,168 — 84,168 — Fair Value Measurements at December 31, 2021 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 161,566 $ 161,566 $ 161,566 $ — $ — Securities available for sale 1,206,260 1,206,260 — 1,206,260 — Equity securities 14,097 14,097 14,097 — — Accrued interest receivable 20,767 20,767 20,767 — — Federal Home Loan Bank Stock 11,585 N/A N/A N/A N/A Loans receivable, net 5,229,700 5,265,689 — — 5,265,689 Loans held for sale, carried at fair value 162,947 162,947 — 28,780 134,167 Financial Liabilities: Deposits $ 6,282,051 $ 6,280,336 $ 5,481,928 $ 798,408 $ — Subordinated debentures 84,976 85,417 — — 85,417

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Compensation Plans	4. Stock Compensation Plans Premier has established equity based compensation plans for its directors and employees. On February 27, 2018, the Board adopted, and the shareholders approved at the 2018 Annual Shareholders Meeting, the Premier Financial Corp. 2018 Equity Incentive Plan (the “2018 Equity Plan”). The 2018 Equity Plan replaced all existing plans, although the Company’s former equity plans remain in existence to the extent there were outstanding grants thereunder at the time the 2018 Equity Plan was approved. In addition, as a result of the Merger, Premier assumed certain outstanding stock options granted under UCFC’s Amended and Restated 2007 Long-Term Incentive Plan (the “UCFC 2007 Plan”) and UCFC’s 2015 Long Term Incentive Plan, which has since been renamed as the “Premier Financial Corp. 2015 Long Term Incentive Plan” (the “2015 Plan”). Premier also assumed the 2015 Plan with respect to the available shares under the UCFC 2015 Plan as of the effective date of the Merger, with appropriate adjustments to the number of shares available to reflect the Merger. The stock options assumed from UCFC in the Merger became exercisable solely to purchase shares of Premier, with appropriate adjustments to the number of shares subject to the assumed stock options and the exercise price of such stock options and remain subject to the terms of the 2015 Plan. Besides certain options issued under the First Defiance Financial Corp. 2010 Equity Incentive Plan, all awards currently outstanding are issued under the 2018 Equity Plan or the 2015 Plan. The 2018 Equity Plan and the 2015 Plan were each amended and restated in February 2022 to align certain administrative components of the plans in addition to enhancing certain governance components. New awards will be made under either the 2018 Equity Plan or the 2015 Plan as the Company determines. The 2018 Equity Plan allows for issuance of up to 900,000 common shares through the award of options, performance stock units ("PSUs"), restricted stock awards ("RSAs"), restricted stock units ("RSUs"), stock appreciation rights ("SARs") or other stock-based awards. The 2015 Plan allows for the issuance of up to 1.2 million common shares, as adjusted for the Merger, through the award of options, RSAs, RSUs, and SARs. The Company maintains a Short-Term Incentive Plan ("STIP"). Under the 2020, 2021 and 2022 STIPs, the participants can earn a cash payout. The final amount of benefits under the STIPs is determined as of December 31 of the same year and paid out in cash in the first quarter of the following year. As of March 31, 2022 , 35,661 options to acquire Premier shares were outstanding at option prices based on the market value of the underlying shares on the date the options were granted. All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or one year after the retirement date. The Company maintains Long-Term Equity Incentive Plans ("LTIP") for select members of management (the "Executive LTIP") and a Key Employee and Commercial Lender Plan (the "Key Plan"). Under the Executive LTIP, participants may earn between 20 % to 50 % of their salary for potential payout in the form of equity awards based on the achievement of certain corporate performance targets over a three-year period. The Company granted 80,794 PSUs to the participants in the 2021 Executive LTIP during the first quarter of 2022 , which represents the maximum target award. The value of awards issued in 2021 and 2022 under the Executive LTIP will be determined individually at the end of each respective 36 month performance period ending December 31. The benefits earned under these LTIPs will be paid out in equity in the first quarter following the end of the performance period. The participants will receive all or a portion of the award if their employment is terminated by the Company without cause, by the participant in certain situations, or by death, disability or retirement. Under the Key Plan, the participants are granted RSUs based upon the achievement of certain targets in the prior year. The participants can earn from 5 % to 10 % of their salary in RSUs that vest three years from the date of grant. The Company granted 19,612 in RSAs and 17,542 RSUs in the first quarter of 2022 and 2021, respectively, as a payout under the Key Plan. In 2022, the Company also granted 324 discretionary RSAs that vest three years from the date of grant. The grants vest over a three year period. The fair value of all granted restricted shares was determined by the stock price at the date of the grant. The fair value of each option award is estimated on the date of grant using the Black-Scholes model. Expected volatilities are based on historical volatilities of the Company’s common shares. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no options granted during the three months ended March 31, 2022 or 2021. Following is stock option activity under the plans during the three months ended March 31, 2022: Options Weighted Weighted Aggregate Options outstanding, January 1, 2022 35,661 $ 21.72 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, March 31, 2022 35,661 $ 21.72 4.09 $ 310,597 Exercisable at March 31, 2022 35,661 $ 21.72 4.09 $ 310,597 Proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised were as follows (in thousands): Three Months Ended Three Months Ended 2022 2021 2022 2021 Proceeds of options exercised $ — $ 8 $ — $ 8 Related tax benefit recognized — — — — Intrinsic value of options exercised — 11 — 11 As of March 31, 2022 , there was a de minimus amount of total unrecognized compensation costs related to unvested stock options granted under the Company’s equity plans. The cost is expected to be recognized over a weighted-average period of 1.0 month . At March 31, 2022 , a total of 332,251 RSAs were outstanding. Compensation expense is recognized over the performance or vesting period. Total expense of $ 34,000 and $ 1.0 million was recorded during each of the three months ended March 31, 2022 and 2021 , respectively, and approximately $ 181,000 and $ 2.7 million is included within other liabilities at March 31, 2022 and December 31, 2021, respectively, related to the cash portion of the STIPs. Performance Stock Units Restricted Stock Units Restricted Stock Awards Unvested Shares Shares Weighted- Shares Weighted- Shares Weighted- Unvested at January 1, 2022 161,674 $ 28.36 51,773 $ 28.44 58,260 $ 29.71 Granted 80,794 30.65 — — 19,936 30.66 Vested — — ( 8,090 ) 26.40 ( 27,580 ) 26.93 Forfeited — — ( 3,730 ) 28.20 ( 786 ) 31.84 Unvested at March 31, 2022 242,468 $ 29.12 39,953 $ 28.88 49,830 $ 31.60 The maximum amount of compensation expense that may be earned for the PSUs at March 31, 2022 , is approximately $ 6.9 million in the aggregate. However, the estimated expense that is expected to be earned as of March 31, 2022 , is $ 4.6 million of which $ 1.7 million was unrecognized at March 31, 2022 , and will be recognized over the remaining performance periods.

Dividends on Common Stock

Dividends on Common Stock	3 Months Ended
	Mar. 31, 2022
Dividends Common Stock [Abstract]
Dividends on Common Stock	5. Dividends on Common Stock Premier declared and paid a $ 0.30 per common stock dividend in the first quarter of 2022 and declared and paid a $ 0.24 per common stock dividend in the first quarter of 2021 .

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Common Share	6. Earnings Per Common Share Basic earnings per share are calculated using the two-class method. The two-class method is an earnings allocation formula under which earnings per share is calculated from common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered participating securities (i.e., unvested restricted stock), not subject to performance based measures. The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended 2022 2021 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 26,357 $ 40,996 Less: income allocated to participating securities 35 43 Net income allocated to common shareholders 26,322 40,953 Weighted average common shares outstanding including 36,026 37,332 Less: Participating securities 48 39 Average common shares 35,978 37,293 Basic earnings per common share $ 0.73 $ 1.10 Diluted Earnings Per Share: Net income allocated to common shareholders $ 26,322 $ 40,953 Weighted average common shares outstanding for basic earnings 35,978 37,293 Add: Dilutive effects of stock options and restricted stock units 112 64 Average shares and dilutive potential common shares 36,090 37,357 Diluted earnings per common share $ 0.73 $ 1.10 There were 16,206 shares for the three months ended March 31, 2022 that were excluded from the diluted earnings per common share calculation. There were no shares for the three months ended March 31, 2021 that were excluded from the dilutive earnings per common share calculation as no shares were anti-dilutive.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2022
Marketable Securities [Abstract]
Investment Securities	7. Investment Securities The following is a summary of available-for-sale securities: Amortized Gross Gross Fair Value (In Thousands) At March 31, 2022 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 174,400 $ 3 $ ( 12,970 ) $ 161,433 Mortgage-backed securities 215,800 114 ( 15,090 ) 200,824 Collateralized mortgage obligations 326,650 — ( 21,122 ) 305,528 Asset-backed securities 216,998 487 ( 4,388 ) 213,097 Corporate bonds 74,395 158 ( 1,834 ) 72,719 Obligations of state and political subdivisions 290,408 1,577 ( 26,221 ) 265,764 Total Available-for-Sale $ 1,298,651 $ 2,339 $ ( 81,625 ) $ 1,219,365 Amortized Gross Gross Fair Value (In Thousands) At December 31, 2021 Available-for-sale Obligations of U.S. government corporations and agencies $ 174,644 $ 984 $ ( 918 ) $ 174,710 Mortgage-backed securities 208,281 851 ( 2,381 ) 206,751 Collateralized mortgage obligations 264,541 363 ( 4,736 ) 260,168 Asset-backed securities 221,545 610 ( 1,619 ) 220,536 Corporate bonds 70,008 1,160 ( 275 ) 70,893 Obligations of state and political subdivisions 272,334 5,898 ( 5,030 ) 273,202 Total Available-for-Sale $ 1,211,353 $ 9,866 $ ( 14,959 ) $ 1,206,260 The amortized cost and fair value of the investment securities portfolio at March 31, 2022, are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity table, mortgage-backed securities (“MBS”), CMOs and asset-backed securities (“ABS”), which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. Available-for-Sale Amortized Fair Value (In Thousands) Due in one year or less $ 3,230 $ 3,235 Due after one year through five years 43,732 42,536 Due after five years through ten years 205,366 195,580 Due after ten years 286,875 258,565 MBS/CMO/ABS 759,448 719,449 $ 1,298,651 $ 1,219,365 Investment securities with a carrying amount of $ 555.0 million and $ 564.4 million at March 31, 2022 and December 31, 2021, respectively, were pledged as collateral on public deposits. The following tables summarize Premier’s securities that were in an unrealized loss position at March 31, 2022, and December 31, 2021: Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At March 31, 2022 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 152,407 $ ( 11,201 ) $ 8,503 $ ( 1,769 ) $ 160,910 $ ( 12,970 ) Mortgage-backed securities 134,953 ( 9,319 ) 61,098 ( 5,771 ) 196,051 ( 15,090 ) Collateralized mortgage obligations 300,681 ( 20,737 ) 4,847 ( 385 ) 305,528 ( 21,122 ) Asset-backed securities 167,305 ( 4,255 ) 15,634 ( 133 ) 182,939 ( 4,388 ) Corporate bonds 60,809 ( 1,786 ) 1,212 ( 48 ) 62,021 ( 1,834 ) Obligations of state and political subdivisions 125,688 ( 13,129 ) 73,619 ( 13,092 ) 199,307 ( 26,221 ) Total available-for-sale $ 941,843 $ ( 60,427 ) $ 164,913 $ ( 21,198 ) $ 1,106,756 $ ( 81,625 ) Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At December 31, 2021 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 73,810 $ ( 918 ) $ — $ — $ 73,810 $ ( 918 ) Mortgage-backed securities-residential 167,379 ( 2,048 ) 13,689 ( 333 ) 181,068 ( 2,381 ) Collateralized mortgage obligations 222,134 ( 4,736 ) — — 222,134 ( 4,736 ) Asset-backed securities 140,226 ( 1,589 ) 2,705 ( 30 ) 142,931 ( 1,619 ) Corporate bonds 24,173 ( 270 ) 504 ( 5 ) 24,677 ( 275 ) Obligations of state and political subdivisions 99,199 ( 3,355 ) 34,548 ( 1,675 ) 133,747 ( 5,030 ) Total available-for-sale $ 726,921 $ ( 12,916 ) $ 51,446 $ ( 2,043 ) $ 778,367 $ ( 14,959 ) The Company realized no gains from the sale of available-for-sale securities in the three month period ending March 31, 2022. For the three months ended March 31, 2021, the Company had $ 516,000 in realized gains from the sale of investment securities. ASU 2016-13 makes targeted improvements to the accounting for credit losses on securities available- for-sale. The concept of other than-temporarily impaired has been replaced with the allowance for credit losses. Unlike securities held to maturity, securities available-for-sale are evaluated on an individual level and pooling of securities is not allowed. Quarterly, the Company evaluates if any security has a fair value less than its amortized cost. Once these securities are identified, in order to determine whether a decline in fair value resulted from a credit loss or other factors, the Company performs further analysis as outlined below: • Review the extent to which the fair value is less than the amortized cost and observe the security’s lowest credit rating as reported by third-party credit ratings companies. • Any securities that are downgraded by a third party ratings company above would be subjected to additional analysis that may include, but is not limited to: changes in market interest rates, changes in securities credit ratings, security type, service area economic factors, financial performance of the issuer/or obligor of the underlying issue and third-party guarantee. • If the Company determines that a credit loss exists, the credit portion of the allowance will be measured using a DCF analysis using the effective interest rate as of the security’s purchase date. The amount of credit loss the Company records will be limited to the amount by which the amortized cost exceeds the fair value. As of March 31, 2022, management had determined that no credit loss exists. At March 31, 2022, and December 31, 2021 , the Company held preferred and common stock of various bank holding companies totaling $ 13.4 million and $ 14.1 million, respectively. During the three months ended March 31, 2022 , $ 643,000 of unrealized losses were recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income. During the three months ended March 31, 2021 , $ 1.6 million of unrealized gains were recorded within gain(loss) on equity securities on the Consolidated Condensed Statements of Income.

Loans

Loans	3 Months Ended
	Mar. 31, 2022
Loans And Leases Receivable Net Reported Amount [Abstract]
Loans	8. Loans Loan segments have been identified by evaluating the portfolio based on collateral and credit risk characteristics. Loans receivable consist of the following: March 31, December 31, (In Thousands) Real Estate: Residential $ 1,222,057 $ 1,167,466 Commercial 2,495,469 2,450,349 Construction 883,712 862,815 4,601,238 4,480,630 Other Loans: Commercial 910,553 895,638 Home equity and improvement 261,176 264,354 Consumer finance 132,294 126,417 1,304,023 1,286,409 Loans before deferred loan origination fees and costs 5,905,261 5,767,039 Deduct: Undisbursed construction loan funds ( 525,545 ) ( 477,890 ) Net deferred loan origination fees and costs 8,615 7,019 Allowance for credit losses ( 67,195 ) ( 66,468 ) Total loans $ 5,321,136 $ 5,229,700 The Company has responded to the pandemic in numerous ways, including by actively participating in the Paycheck Protection Program (“PPP”) and distributing $ 636.9 million to small businesses in our markets. As of March 31, 2022 , the Company had $ 18.7 million in PPP loans, which remained unpaid and were included in commercial loans in the above loan table. As of December 31, 2021 , the Company had $ 58.9 million in PPP loans. The following table discloses allowance for credit loss (“ACL”) activity for the three months ended March 31, 2022 and 2021 by portfolio segment (in thousands): Three Months Ended March 31, 2022 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 12,029 $ 32,399 $ 3,004 $ 13,410 $ 4,221 $ 1,405 $ 66,468 Charge-Offs ( 140 ) ( 7 ) — ( 10 ) ( 29 ) ( 103 ) ( 289 ) Recoveries 81 59 — 102 34 114 390 Provisions ( 330 ) 1,750 ( 391 ) 319 ( 307 ) ( 415 ) 626 Ending Allowance $ 11,640 $ 34,201 $ 2,613 $ 13,821 $ 3,919 $ 1,001 $ 67,195 Three Months Ended March 31, 2021 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 17,534 $ 43,417 $ 2,741 $ 11,665 $ 4,739 $ 1,983 $ 82,079 Charge-Offs — — — ( 70 ) ( 3 ) ( 36 ) ( 109 ) Recoveries 8 36 — 198 29 27 298 Provisions ( 34 ) ( 8,181 ) 35 398 416 ( 148 ) ( 7,514 ) Ending Allowance $ 17,508 $ 35,272 $ 2,776 $ 12,191 $ 5,181 $ 1,826 $ 74,754 The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 78 $ — $ — $ — $ 78 Commercial 17,592 — — — 17,592 Construction — — — — — Other Loans: Commercial 1,573 — 13,711 21 15,305 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 19,243 $ — $ 13,711 $ 21 $ 32,975 December 31, 2021 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 226 $ — $ — $ — $ 226 Commercial 18,399 — — — 18,399 Construction — — — — — Other Loans: Commercial 1,574 160 14,023 25 15,782 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 20,199 $ 160 $ 14,023 $ 25 $ 34,407 Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually analyzed loans. All loans greater than 90 days past due are placed on non-accrual status. The following table presents the current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned as of the dates indicated: March 31, December 31, (In Thousands) Non-accrual loans with reserve $ 32,930 $ 35,480 Non-accrual loans without reserve 14,368 $ 12,534 Loans 90 days plus past due and still accruing — — Total non-performing loans 47,298 48,014 Real estate and other assets held for sale 253 171 Total non-performing assets $ 47,551 $ 48,185 Troubled debt restructuring, still accruing $ 6,287 $ 7,768 The following table presents the aging of the amortized cost in past due and non-accrual loans as of March 31, 2022, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,202,041 $ 307 $ 3,327 $ 7,654 $ 11,288 $ 9,280 Commercial 2,486,865 549 6 8,059 8,614 14,423 Construction 358,167 — — — — — Other Loans: Commercial 890,418 10,371 — 936 11,307 11,386 Home equity and improvement 255,180 756 334 1,771 2,861 2,171 Consumer finance 129,659 1,530 598 1,959 4,087 2,100 PCD 21,924 173 703 5,044 5,920 7,938 Total Loans $ 5,344,254 $ 13,686 $ 4,968 $ 25,423 $ 44,077 $ 47,298 The following table presents the aging of the recorded investment in past due and non-accrual loans as of December 31, 2021, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,144,533 $ 234 $ 5,340 $ 7,487 $ 13,061 $ 9,034 Commercial 2,439,552 96 847 7,168 8,111 14,621 Construction 383,136 43 1,746 — 1,789 — Other Loans: Commercial 884,025 42 35 867 944 11,531 Home equity and improvement 257,055 1,851 408 1,634 3,893 2,051 Consumer finance 124,073 1,112 819 1,728 3,659 1,873 PCD 25,111 225 1,005 5,996 7,226 8,904 Total Loans $ 5,257,485 $ 3,603 $ 10,200 $ 24,880 $ 38,683 $ 48,014 Troubled Debt Restructurings As of March 31, 2022, and December 31, 2021 , the Company had a recorded investment in troubled debt restructurings (“TDRs”) of $ 10.6 million and $ 11.9 million, respectively. The Company allocated $ 358,000 and $ 378,000 of specific reserves to those loans at March 31, 2022, and December 31, 2021 , respectively, and had committed to lend additional amounts totaling up to $ 319,000 and $ 348,000 at March 31, 2022, and December 31, 2021, respectively. The Company had previously worked with borrowers that were impacted by the COVID-19 pandemic by providing modifications to include either interest only deferral or principal and interest deferral. These modifications ranged from one to nine months . As of March 31, 2022 and December 31, 2021 , the Company had no active deferrals. The Company offers various types of concessions when modifying a loan, however, forgiveness of principal is rarely granted. Each TDR is uniquely designed to meet the specific needs of the borrower. Commercial and industrial loans modified in a TDR often involve temporary interest-only payments, term extensions and converting revolving credit lines to term loans. Additional collateral or an additional guarantor is often requested when granting a concession. Commercial mortgage loans modified in a TDR often involve temporary interest-only payments, re-amortization of remaining debt in order to lower payments and sometimes reducing the interest rate lower than the current market rate. Residential mortgage loans modified in a TDR are comprised of loans where monthly payments are lowered, either through interest rate reductions or principal only payments for a period of time, to accommodate the borrowers’ financial needs, interest is capitalized into principal, or the term and amortization are extended. Home equity modifications are made infrequently and usually involve providing an interest rate that is lower than the borrower would be able to obtain due to credit issues. All retail loans where the borrower is in bankruptcy are classified as TDRs regardless of whether or not a concession is made. Of the loans modified in a TDR as of March 31, 2022 , $ 4.3 million were on non-accrual status and partial charge-offs have in some cases been taken against the outstanding balance. Loans modified as a TDR may have the financial effect of increasing the allowance associated with the loan. If the loan is determined to be collateral dependent, the estimated fair value of the collateral, less any selling costs is used to determine if there is a need for a specific allowance or charge-off. If the loan is determined to be cash flow dependent, the allowance is measured based on the present value of expected future cash flows discounted at the loan’s pre-modification effective interest rate. The following tables present loans by class modified as TDRs that occurred during the three months ended March 31, 2022 and 2021: Loans Modified as a TDR for the Three Troubled Debt Restructurings Number of Recorded Investment Real Estate: Residential 1 $ 252 Commercial — — Construction — — Other Loans: Commercial — — Home equity and improvement — — Consumer finance 2 20 Total 3 $ 272 The loans described above increased the ACL by $ 1,000 in the three months ended March 31, 2022. Loans Modified as a TDR for the Three Troubled Debt Restructurings Number of Recorded Investment Real Estate: Residential 2 $ 150 Commercial — — Construction — — Other Loans: Commercial 3 709 Home equity and improvement — — Consumer finance — — Total 5 $ 859 The loans described above increased the ACL by $ 6,000 in the three months ended March 31, 2021. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed on the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. There were no TDRs that subsequently defaulted as of March 31, 2022 or March 31, 2021. Credit Quality Indicators Loans are categorized into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Loans are analyzed individually by classifying the loans by credit risk. This analysis includes all non-homogeneous loans, such as commercial and commercial real estate loans and certain homogenous mortgage, home equity and consumer loans. This analysis is performed on a quarterly basis. Premier uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of March 31, 2022, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,202,103 $ 1,295 $ 9,931 $ - $ 9,931 $ 1,213,329 Commercial 2,376,266 93,550 25,663 — 25,663 2,495,479 Construction 358,167 — — — — 358,167 Other Loans: Commercial 869,383 20,558 11,784 — 11,784 901,725 Home equity and improvement 255,883 — 2,158 — 2,158 258,041 Consumer finance 131,647 — 2,099 — 2,099 133,746 PCD 19,110 98 8,636 — 8,636 27,844 Total Loans $ 5,212,559 $ 115,501 $ 60,271 $ — $ 60,271 $ 5,388,331 As of December 31, 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,146,212 $ 1,316 $ 10,066 $ - $ 10,066 $ 1,157,594 Commercial 2,324,846 93,676 29,141 — 29,141 2,447,663 Construction 365,403 19,522 — — — 384,925 Other Loans: Commercial 856,402 14,815 13,752 — 13,752 884,969 Home equity and improvement 258,914 — 2,034 — 2,034 260,948 Consumer finance 125,879 — 1,853 — 1,853 127,732 PCD 19,547 101 12,689 — 12,689 32,337 Total Loans $ 5,097,203 $ 129,430 $ 69,535 $ — $ 69,535 $ 5,296,168 The tables below present the amortized cost basis of loans by credit quality indicator and class of loans as of March 31, 2022 and December 31, 2021 (in thousands): Term of loans by origination 2022 2021 2020 2019 2018 Prior Revolving Loans Total As of March 31, 2022 Real Estate Residential: Risk Rating Pass $ 87,717 $ 247,594 $ 355,860 $ 104,958 $ 59,789 $ 344,704 $ 1,481 $ 1,202,103 Special Mention — — 187 37 — 158 913 1,295 Substandard — 777 957 779 1,178 6,240 — 9,931 Doubtful — — — — — — — — Total $ 87,717 $ 248,371 $ 357,004 $ 105,774 $ 60,967 $ 351,102 $ 2,394 $ 1,213,329 Commercial: Risk Rating Pass $ 117,640 $ 511,210 $ 513,331 $ 358,355 $ 228,407 $ 636,090 $ 11,233 $ 2,376,266 Special Mention 2,380 292 — 2,111 17,094 71,000 673 93,550 Substandard — 195 559 4,788 4,946 14,949 226 25,663 Doubtful — — — — — — — — Total $ 120,020 $ 511,697 $ 513,890 $ 365,254 $ 250,447 $ 722,039 $ 12,132 $ 2,495,479 Construction: Risk Rating Pass $ 196,348 $ 86,533 $ 53,706 $ - $ 727 $ - $ 20,853 $ 358,167 Special Mention — — — — — — — — Substandard — — — — — — — Doubtful — — — — — — — — Total $ 196,348 $ 86,533 $ 53,706 $ - $ 727 $ - $ 20,853 $ 358,167 Other Loans Commercial: Risk Rating Pass $ 67,089 $ 240,506 $ 125,299 $ 74,398 $ 41,778 $ 34,471 $ 285,842 $ 869,383 Special Mention 2,857 — 2,117 3,919 225 5,738 5,702 20,558 Substandard — 123 10,347 22 249 216 827 11,784 Doubtful — — — — — — — — Total $ 69,946 $ 240,629 $ 137,763 $ 78,339 $ 42,252 $ 40,425 $ 292,371 $ 901,725 Home equity and Improvement: Risk Rating Pass $ 3,622 $ 23,965 $ 6,444 $ 4,267 $ 2,524 $ 35,008 $ 180,053 $ 255,883 Special Mention — — — — — — — — Substandard — — — 28 37 790 1,303 2,158 Doubtful — — — — — — — — Total $ 3,622 $ 23,965 $ 6,444 $ 4,295 $ 2,561 $ 35,798 $ 181,356 $ 258,041 Consumer Finance: Risk Rating Pass $ 21,501 $ 44,590 $ 23,257 $ 19,959 $ 7,877 $ 5,528 $ 8,935 $ 131,647 Special Mention — — — — — — — — Substandard — 187 980 717 125 86 4 2,099 Doubtful — — — — — — — — Total $ 21,501 $ 44,777 $ 24,237 $ 20,676 $ 8,002 $ 5,614 $ 8,939 $ 133,746 PCD: Risk Rating Pass $ - $ - $ - $ 163 $ 1,733 $ 13,739 $ 3,475 $ 19,110 Special Mention — — — — — 98 — 98 Substandard — — — 53 26 5,854 2,703 8,636 Doubtful — — — — — — — — Total $ - $ - $ - $ 216 $ 1,759 $ 19,691 $ 6,178 $ 27,844 Term of loans by origination 2020 2019 2018 2017 2016 Prior Revolving Loans Total As of December 31, 2021 Real Estate Residential: Risk Rating Pass $ 219,006 $ 373,439 $ 112,781 $ 65,544 $ 71,794 $ 301,735 $ 1,913 $ 1,146,212 Special Mention — 190 — — 59 109 958 1,316 Substandard 465 780 1,198 1,006 2,095 4,522 — 10,066 Doubtful — — — — — — — — Total $ 219,471 $ 374,409 $ 113,979 $ 66,550 $ 73,948 $ 306,366 $ 2,871 $ 1,157,594 Commercial: Risk Rating Pass $ 514,333 $ 493,575 $ 388,117 $ 230,734 $ 237,712 $ 451,113 $ 9,262 $ 2,324,846 Special Mention 294 5,349 5,533 11,055 49,993 20,662 790 93,676 Substandard 172 570 4,920 5,525 62 17,665 227 29,141 Doubtful — — — — — — — — Total $ 514,799 $ 499,494 $ 398,570 $ 247,314 $ 287,767 $ 489,440 $ 10,279 $ 2,447,663 Construction: Risk Rating Pass $ 198,221 $ 100,606 $ 55,707 $ 10,039 $ 685 $ 145 $ - $ 365,403 Special Mention — 12,500 — 5,996 1,026 — — 19,522 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 198,221 $ 113,106 $ 55,707 $ 16,035 $ 1,711 $ 145 $ - $ 384,925 Other Loans Commercial: Risk Rating Pass $ 293,644 $ 132,703 $ 84,668 $ 47,421 $ 24,269 $ 17,038 $ 256,659 $ 856,402 Special Mention — 2,180 4,094 272 1,264 4,663 2,342 14,815 Substandard 136 11,550 23 288 388 131 1,236 13,752 Doubtful — — — — — — — — Total $ 293,780 $ 146,433 $ 88,785 $ 47,981 $ 25,921 $ 21,832 $ 260,237 $ 884,969 Home equity and Improvement: Risk Rating Pass $ 24,707 $ 6,870 $ 4,867 $ 2,879 $ 5,534 $ 31,317 $ 182,740 $ 258,914 Special Mention — — — — — — — — Substandard 15 — 28 48 27 690 1,226 2,034 Doubtful — — — — — — — — Total $ 24,722 $ 6,870 $ 4,895 $ 2,927 $ 5,561 $ 32,007 $ 183,966 $ 260,948 Consumer Finance: Risk Rating Pass $ 50,202 $ 25,866 $ 23,000 $ 9,643 $ 4,313 $ 2,769 $ 10,086 $ 125,879 Special Mention — — — — — — — — Substandard 196 707 619 129 67 131 4 1,853 Doubtful — — — — — — — — Total $ 50,398 $ 26,573 $ 23,619 $ 9,772 $ 4,380 $ 2,900 $ 10,090 $ 127,732 PCD: Risk Rating Pass $ - $ - $ 170 $ 1,753 $ 1,860 $ 12,496 $ 3,268 $ 19,547 Special Mention — — — — — 101 — 101 Substandard — — 67 28 3,242 6,490 2,862 12,689 Doubtful — — — — — — — — Total $ - $ - $ 237 $ 1,781 $ 5,102 $ 19,087 $ 6,130 $ 32,337 A llowance for Credit Losses The Company has adopted ASU 2016-13 (Topic 326 – Credit Losses) to calculate the ACL, which requires a projection of credit loss over the contract lifetime of the credit adjusted for prepayment tendencies. This valuation account is deducted from the loans amortized cost basis to present the net amount expected to be collected on the loan. The ACL is adjusted through the provision for credit losses and reduced by net charge offs of loans. The credit loss estimation process involves procedures that consider the unique characteristics of the Company’s portfolio segments. These segments are further disaggregated into the loan pools for monitoring. When computing allowance levels, a model of risk characteristics, such as loss history and delinquency status, along with current conditions and a supportable forecast is used to determine credit loss assumptions. The Company is generally utilizing two methodologies to analyze loan pools, DCF and probability of default/loss given default (“PD/LGD”). A default can be triggered by one of several different asset quality factors including past due status, non-accrual status, TDR status or if the loan has had a charge-off. The PD/LGD utilizes charge off data from the Federal Financial Institutions Examination Council to construct a default rate. This default rate is further segmented based on the risk of the credit assigning a higher default rate to riskier credits. The DCF methodology was selected as the most appropriate for loan segments with longer average lives and regular payment structures. The DCF model has two key components, the loss driver analysis combined with a cash flow analysis. The contractual cash flow is adjusted for PD/LGD and prepayment speed to establish a reserve level. The prepayment studies are updated quarterly by a third-party for each applicable pool. The Company estimates losses over an approximate one-year forecast period using Moody’s baseline economic forecasts, and then reverts to longer term historical loss experience over a three-year period. The remaining life method was selected for the consumer direct loan segment since the pool contains loans with many different structures and payment streams and collateral. The weighted average remaining life uses an average annual charge-off rate applied to the contractual term, further adjusted for estimated prepayments to determine the unadjusted historical charge-off rate for the remaining balance of assets. Portfolio Segments Loan Pool Methodology Loss Drivers Residential real estate 1-4 Family nonowner occupied DCF National unemployment 1-4 Family owner occupied DCF National unemployment Commercial real estate Commercial real estate nonowner occupied DCF National unemployment Commercial real estate owner occupied DCF National unemployment Multi Family DCF National unemployment Agriculture Land DCF National unemployment Other commercial real estate DCF National unemployment Construction secured by real estate Construction Other PD/LGD Call report loss history Construction Residential PD/LGD Call report loss history Commercial Commercial working capital PD/LGD Call report loss history Agriculture production PD/LGD Call report loss history Other commercial PD/LGD Call report loss history Home equity and improvement Home equity and improvement PD/LGD Call report loss history Consumer finance Consumer direct Remaining life Call report loss history Consumer indirect DCF National unemployment According to the accounting standard, an entity may make an accounting policy election not to measure an allowance for credit losses for accrued interest receivable if the entity writes off the applicable accrued interest receivable balance in a timely manner. The Company has made the accounting policy election not to measure an allowance for credit losses for accrued interest receivables for all loan segments. Current policy dictates that a loan will be placed on nonaccrual status, with the current accrued interest receivable balance being written off, upon the loan being 90 days delinquent or when the loan is deemed to be collateral dependent and the collateral analysis shows less than 1.2 times discounted collateral coverage based on a current assessment of the value of the collateral. In addition to the ASC Topic 326 requires the Company to establish a liability for anticipated credit losses for unfunded commitments. To accomplish this, the company must first establishes a loss expectation for extended (funded) commitments. This loss expectation, expressed as a ratio to the amortized cost basis, is then applied to the portion of unfunded commitments not considered unilaterally cancelable, and considered by the company’s management as likely to fund over the life of the instrument. At March 31, 2022 , the Company had $ 1.5 billion in unfunded commitments and set aside $ 5.3 million in anticipated credit losses. This reserve is recorded in other liabilities as opposed to the ACL. The determination of ACL is complex and the Company makes decisions on the effects of matters that are inherently uncertain. Evaluations of the loan portfolio and individual credits require certain estimates, assumptions and judgements as to the facts and circumstances related to particular situations or credits. There may be significant changes in the ACL in future periods determined by prevailing factors at that point in time along with future forecasts. Purchased Credit Deteriorated Loans Under ASU Topic 326, when loans are purchased with evidence of more than insignificant deterioration of credit, they are accounted for as PCD. PCD loans acquired in a transaction are marked to fair value and a mark on yield is recorded. In addition, an adjustment is made to the ACL for the expected loss on the acquisition date. These loans are assessed on a regular basis and subsequent adjustments to the ACL are recorded on the income statement. The outstanding balance and related allowance on these loans as of March 31, 2022 and December 31, 2021 is as follows (in thousands): As of March 31, 2022 As of December 31, 2021 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 12,520 $ 176 $ 13,396 $ 197 Commercial 3,146 51 5,878 151 Construction — — — — 15,666 227 19,274 348 Other Loans: Commercial 8,595 1,211 9,167 1,531 Home equity and improvement 3,135 139 3,405 154 Consumer finance 448 9 491 7 12,178 1,359 13,063 1,692 Total $ 27,844 $ 1,586 $ 32,337 $ 2,040 Foreclosure Proceedings Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totaled $ 4.1 million as of March 31, 2022 , and $ 3.3 million as of December 31, 2021 .

Mortgage Banking

Mortgage Banking	3 Months Ended
	Mar. 31, 2022
Mortgage Banking [Abstract]
Mortgage Banking	9. Mortgage Banking Net revenues from the sales and servicing of mortgage loans consisted of the following: Three Months Ended 2022 2021 (In Thousands) Mortgage banking gain, net $ 2,543 $ 5,640 Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,879 1,917 Amortization of mortgage servicing rights ( 1,403 ) ( 2,344 ) Mortgage servicing rights valuation adjustments 1,233 5,320 1,709 4,893 Net revenue from sale and servicing of mortgage loans $ 4,252 $ 10,533 The unpaid principal balance of residential mortgage loans serviced for third parties was $ 2.94 billion at March 31, 2022, and December 31, 2021. Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2022 and 2021: Three Months Ended 2022 2021 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 22,244 $ 21,666 Loans sold, servicing retained 1,348 2,374 Amortization ( 1,403 ) ( 2,344 ) Carrying value before valuation allowance at end of period 22,189 21,696 Valuation allowance: Balance at beginning of period ( 2,707 ) ( 8,513 ) Impairment recovery (charges) 1,233 5,320 Balance at end of period ( 1,474 ) ( 3,193 ) Net carrying value of MSRs at end of period $ 20,715 $ 18,503 Fair value of MSRs at end of period $ 25,996 $ 18,695 Amortization of mortgage servicing rights is computed based on payments and payoffs of the related mortgage loans serviced. Estimates of future amortization expense are not easily estimable. The Company had no accrual for secondary market buy-back activity at March 31, 2022 or December 31, 2021 based on management’s estimate of potential losses from this activity. There was no expense or credit recognized in the three months ended March 31, 2022 .

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	10. Leases The Company’s lease agreements have maturity dates ranging from April 2022 to September 2044, some of which include options for multiple five and ten year extensions. The weighted average remaining life of the lease term for these leases was 13.72 years as of March 31, 2022 and 14.21 years as of December 31, 2021 . The weighted average discount rate for leases was 2.55 % as of March 31, 2022 and 2.57 % as of December 31, 2021. The total operating lease costs were $ 542,000 and $ 664,000 for the three months ended March 31, 2022 and March 31, 2021 , respectively. The right-of-use asset , included in other assets, was $ 15.6 million and $ 15.4 million at March 31, 2022 and December 31, 2021 , respectively. The lease liabilities , included in other liabilities, were $ 16.3 million and $ 16.1 million as of March 31, 2022 and December 31, 2021, respectively. Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (in thousands) March 31, 2022 Remainder of 2022 $ 2,526 2023 2,023 2024 1,632 2025 1,408 2026 1,173 Thereafter 11,772 Total undiscounted minimum lease payments 20,534 Present value adjustment ( 4,187 ) Total lease liabilities $ 16,347

Deposits

Deposits	3 Months Ended
	Mar. 31, 2022
Deposits [Abstract]
Deposits	11. Deposits A summary of deposit balances is as follows: March 31, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,733,157 $ 1,724,772 Interest-bearing checking and money market accounts 3,029,260 2,952,705 Savings deposits 830,143 804,451 Retail certificates of deposit less than $250,000 586,967 636,477 Retail certificates of deposit greater than $250,000 137,708 163,646 $ 6,317,235 $ 6,282,051

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2022
Subordinated Borrowings [Abstract]
Borrowings	12. Borrowings The Company's junior subordinated debentures owed to unconsolidated subsidiary trusts and subordinated debentures are comprised of the following: March 31, December 31, (In Thousands) First Defiance Statutory Trust I due December 2035 $ 20,619 $ 20,619 First Defiance Statutory Trust II due June 2037 $ 15,464 $ 15,464 Junior subordinated debentures owed to unconsolidated subsidiary trusts $ 36,083 $ 36,083 Subordinated debentures $ 48,925 $ 48,893 At March 31, 2022 , the Company had $ 150.0 million of outstanding FHLB advances with a maturity date in 2022. There were no outstanding FHLB advances at December 31, 2021. In September 2020, the Company completed the issuance of $ 50.0 million aggregate principal amount, fixed-to-floating rate subordinated notes due September 30, 2030 in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended. The notes carry a fixed rate of 4.0 % for five years at which time they will convert to a floating rate based on the secured overnight borrowing rate, plus a spread of 388.5 basis points. The Company may, at its option, beginning September 30, 2025, redeem the notes, in whole or in part, from time to time, subject to certain conditions. The net proceeds from the sale were approximately $ 48.7 million, after deducting the estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, which may include, without limitation, providing capital to support its growth organically or through strategic acquisitions, repaying indebtedness, in financing investments, capital expenditures, repurchasing its common shares and for investments in the Bank as regulatory capital. The subordinated debentures are included in Total Capital under current regulatory guidelines and interpretations. In March 2007, the Company sponsored an affiliated trust, First Defiance Statutory Trust II (“Trust Affiliate II”) that issued $ 15.0 million of Guaranteed Capital Trust Securities (“Trust Preferred Securities”). In connection with this transaction, the Company issued $ 15.5 million of Junior Subordinated Deferrable Interest Debentures (Subordinated Debentures) to Trust Affiliate II. The Company formed Trust Affiliate II for the purpose of issuing Trust Preferred Securities to third-party investors and investing the proceeds from the sale of these capital securities solely in Subordinated Debentures of the Company. The Subordinated Debentures held by Trust Affiliate II are the sole assets of that trust. The Company is not considered the primary beneficiary of Trust Affiliate II (variable interest entity), therefore the trust is not consolidated in the Company’s financial statements, but rather the subordinated debentures are shown as a liability. Distributions on the Trust Preferred Securities issued by Trust Affiliate II are payable quarterly at a variable rate equal to the three-month LIBOR rate plus 1.5% . The coupon rate payable on the Trust Preferred Securities issued by Trust Affiliate II was 2.33 % as of March 31, 2022 , and 1.70 % as of December 31, 2021. The Trust Preferred Securities issued by Trust Affiliate II are subject to mandatory redemption, in whole or part, upon repayment of the Subordinated Debentures. The Company has entered into an agreement that fully and unconditionally guarantees the Trust Preferred Securities subject to the terms of the guarantee. The Trust Preferred Securities and Subordinated Debentures mature on September 15, 2037, but can be redeemed at the Company’s option at any time now. The Company also sponsored an affiliated trust, First Defiance Statutory Trust I (“Trust Affiliate I”) that issued $ 20.0 million of Trust Preferred Securities in 2005. In connection with this transaction, the Company issued $ 20.6 million of Subordinated Debentures to Trust Affiliate I. Trust Affiliate I was formed for the purpose of issuing Trust Preferred Securities to third-party investors and investing the proceeds from the sale of these capital securities solely in Subordinated Debentures of the Company. The Junior Debentures held by Trust Affiliate I are the sole assets of the trust. The Company is not considered the primary beneficiary of Trust Affiliate I (variable interest entity), therefore the trust is not consolidated in the Company’s financial statements, but rather the subordinated debentures are shown as a liability. Distributions on the Trust Preferred Securities issued by Trust Affiliate I are payable quarterly at a variable rate equal to the three-month LIBOR rate plus 1.38% . The coupon rate payable on the Trust Preferred Securities issued by Trust Affiliate I was 2.21 % and 1.58 % on March 31, 2022 and December 31, 2021, respectively. The Trust Preferred Securities issued by Trust Affiliate I are subject to mandatory redemption, in whole or in part, upon repayment of the Subordinated Debentures. The Company has entered into an agreement that fully and unconditionally guarantees the Trust Preferred Securities subject to the terms of the guarantee. The Trust Preferred Securities and Subordinated Debentures mature on December 15, 2035, but can be redeemed at the Company’s option at any time now. The Subordinated Debentures related to the Trust Preferred Securities may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. Interest on both issues of Trust Preferred Securities may be deferred for a period of up to five years at the option of the issuer.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingent Liabilities	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingent Liabilities	13. Commitments, Guarantees and Contingent Liabilities Loan commitments are made to accommodate the financial needs of Premier’s customers in the form of unfunded loans or unused lines of credit and result in market risk. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. They primarily are issued to facilitate customers’ trade transactions. Both arrangements have credit risk, essentially the same as that involved in extending loans to customers, and are subject to the Company’s normal credit policies. Collateral (e.g., securities, receivables, inventory and equipment) is obtained based on a credit assessment of the customer. The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (in thousands): March 31, 2022 December 31, 2021 Commitments to make loans $ 1,154,525 $ 1,175,916 Unused lines of credit 1,007,302 626,348 Standby letters of credit 13,319 10,851 Total $ 2,175,146 $ 1,813,115 Commitments to make loans are generally made for periods of 60 days or less .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	4. Income Taxes The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax in the states of Indiana and West Virginia. The Company is no longer subject to examination by income taxing authorities for years before 2018. The Company also currently operates in the states of Ohio, Michigan and Pennsylvania which tax financial institutions based on their equity rather than their income. The components of income tax expense (benefit) are as follows: For the Three Months Ended March 31, 2022 2021 (In Thousands) Current: Federal $ 5,814 $ 6,362 State and local 163 163 Deferred 193 3,427 $ 6,170 $ 9,952 The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended March 31, 2022 2021 (In Thousands) Tax expense (benefit) at statutory rate ( 21 %) $ 6,830 $ 10,699 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 128 128 Tax exempt interest income, net of TEFRA ( 186 ) ( 200 ) Bank owned life insurance ( 209 ) ( 245 ) Captive insurance ( 105 ) ( 90 ) Other ( 288 ) ( 340 ) Totals $ 6,170 $ 9,952

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	15. Derivative Financial Instruments At March 31, 2022 , the Company had approximately $ 27.3 million of interest rate lock commitments and $ 337.0 million of forward sales of mortgage backed securities. These commitments are considered derivatives. The Company had $ 65.4 million of interest rate lock commitments and $ 305.0 million of forward commitments at December 31, 2021. The fair value of these mortgage banking derivatives are reflected by a derivative asset recorded in other assets in the Consolidated Statements of Financial Condition. The table below provides data about the carrying values of these derivative instrument assets: March 31, 2022 December 31, 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ 9,923 $ 2,336 The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2022 and 2021 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended 2022 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – Gain (Loss) $ 7,587 $ 4,124 Interest Rate Swaps The Company maintains an interest rate protection program for commercial loan customers. Under this program, the Company provides a customer with a fixed rate loan while creating a variable rate asset for the Company by the customer entering into an interest rate swap with terms that match the loan. The Company offsets its risk exposure by entering into an offsetting interest rate swap with an unaffiliated institution. The Company had interest rate swaps associated with commercial loans with a notional value of $ 82.6 million and fair value of $ 2.3 million in other assets and $ 2.3 million in other liabilities at March 31, 2022. As of December 31, 2021 , the Company had interest rate swaps associated with commercial loans with a notional value of $ 69.4 million and fair value of $ 1.3 million in other assets and $ 1.3 million in other liabilities. For the three months ended March 31, 2022 and 2021 , $ 1,000 and $ 198,000 , respectively, flowed through noninterest income. Interest Rate Swap Designated as Cash Flow Hedge In May 2021, the Company entered into derivative instruments designated as a cash flow hedge. For a derivative instrument that is designated and qualifies as a cash flow hedge, the change in fair value of the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. An interest rate swap with notional amount totaling $ 250.0 million as of March 31, 2022 was designated as a cash flow hedge to hedge the risk of variability in cash flows (future interest receipts) attributable to changes in the contractually specified LIBOR benchmark interest rate on the Company’s floating rate loan pool. The gross aggregate fair value of the swap of $ 16.2 million is recorded in other liabilities in the unaudited Consolidated Balance Sheets at March 31, 2022 , with changes in fair value recorded net of tax in other comprehensive income (loss). As of December 31, 2021, the gross aggregate fair value of the swap of $ 854,000 was recorded in other assets in the Consolidated Balance Sheets. A summary of the interest-rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2022 December 31, 2021 Notional amount $ 250,000 $ 250,000 Weighted average fixed receive rates 1.437 % 1.437 % Weighted average variable 1-month LIBOR pay rates 0.438 % 0.089 % Weighted average remaining maturity (in years) 9.0 9.3 Fair value $ ( 16,180 ) $ 854

Other Comprehensive (Loss) Inco

Other Comprehensive (Loss) Income	3 Months Ended
	Mar. 31, 2022
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Other Comprehensive (Loss) Income	16. Other Comprehensive (Loss) Income The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities available for sale are included in gains on sale of securities in the accompanying consolidated condensed statements of income. Before Tax Tax (Expense) Net of Tax (In Thousands) Three months ended March 31, 2022: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 74,193 ) $ 15,580 $ ( 58,613 ) Reclassification adjustment for net losses included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 16,241 ) 3,411 ( 12,830 ) Reclassification adjustment for net gains included in net income ( 793 ) 167 ( 626 ) Total other comprehensive gain $ ( 91,227 ) $ 19,158 $ ( 72,069 ) Before Tax Tax (Expense) Net of Tax (In Thousands) Three months ended March 31, 2021: Securities available for sale: Change in net unrealized gain/loss during the period $ ( 19,112 ) $ 4,014 $ ( 15,098 ) Reclassification adjustment for net gains included in net income ( 516 ) 108 ( 408 ) Total other comprehensive loss $ ( 19,628 ) $ 4,122 $ ( 15,506 ) Activity in accumulated other comprehensive income (loss), net of tax, was as follows: Securities Post- Cash Flow Hedge Derivatives Accumulated (In Thousands) Balance January 1, 2022 $ ( 4,023 ) $ ( 79 ) $ 674 $ ( 3,428 ) Other comprehensive income/(loss) before reclassifications ( 58,613 ) — ( 12,830 ) ( 71,443 ) Amounts reclassified from accumulated other comprehensive income — — ( 626 ) ( 626 ) Net other comprehensive income/(loss) during period ( 58,613 ) — ( 13,456 ) ( 72,069 ) Balance March 31, 2022 $ ( 62,636 ) $ ( 79 ) $ ( 12,782 ) $ ( 75,497 ) Balance January 1, 2021 $ 15,083 $ ( 79 ) $ — $ 15,004 Other comprehensive income (loss) before reclassifications ( 15,098 ) — — ( 15,098 ) Amounts reclassified from accumulated other comprehensive income ( 408 ) — — ( 408 ) Net other comprehensive income during period ( 15,506 ) — — ( 15,506 ) Balance March 31, 2021 $ ( 423 ) $ ( 79 ) $ — $ ( 502 )

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Accounting Standards Update	Accounting Standards Update ASU No. 2020-04: Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848): On March 12, 2020, the FASB issued Accounting Standards Update (ASU) 2020-4, "Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASC 848 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rates expected to be discontinued. The Company has formed a cross-functional project team to lead the transition from LIBOR to adoption of alternative reference rates which include Secured Overnight Financing Rate (“SOFR”). The Company identified loans that renewed prior to 2021 and began incorporating LIBOR fallback language into existing LIBOR loans. Additionally, management is utilizing the timeline guidance published by the Alternative Reference Rates Committee to develop and achieve internal milestones during this transitional period. Additionally, the Company has adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020. The Company discontinued the use of new LIBOR-based loans by December 31, 2021, according to regulatory guidelines. Legacy LIBOR-based loans will be transitioned to an alternative reference rate on or before June 30, 2023. The amendments in these updates are elective, are only available from March 12, 2020 until December 31, 2022 and their application did not have a material effect on the Company.
Accounting Standards Not Yet Adopted	Accounting Standards not yet adopted ASU No. 2022-02, Troubled Debt Restructurings and Vintage Disclosures: On March 30, 2022, the FASB issued Accounting Standards Update ("ASU") 2022-02, "Troubled Debt Restructurings and Vintage Disclosures" which will eliminate troubled debt restructuring ("TDR") accounting for entities that have adopted ASU 2016-13, the current expected credit loss ("CECL") model and will add new vintage disclosures for gross write-offs. The elimination of TDR accounting can be adopted either prospectively for loan modifications after adoption or on a modified retrospective basis that would result in a cumulative effect adjustment to retained earnings in the period of adoption. ASU 2022-02 is effective for the Company for fiscal years beginning after December 15, 2022. The Company can elect to early adopt a part or all of the update. The Company is currently assessing the impacts of adopting the guidance.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring basis	The following table summarizes the financial assets 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: Assets and Liabilities Measured on a Recurring Basis March 31, 2022 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 161,433 $ — $ 161,433 Mortgage-backed securities — 200,824 — 200,824 Collateralized mortgage obligations — 305,529 — 305,529 Asset-backed securities — 213,097 — 213,097 Corporate bonds — 72,719 — 72,719 Obligations of state and political subdivisions — 265,764 — 265,764 Equity securities 13,454 — — 13,454 Loans held for sale, at fair value — 37,014 116,484 153,498 Interest rate swaps — 2,338 — 2,338 Mortgage banking derivative — 9,923 — 9,923 Liabilities: Interest rate swaps — 2,338 — 2,338 Cash flow hedge derivative — 16,180 — 16,180 December 31, 2021 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 174,710 $ — $ 174,710 Mortgage-backed securities — 206,751 — 206,751 Collateralized mortgage obligations — 260,168 — 260,168 Asset-backed securities — 220,536 — 220,536 Corporate bonds — 70,893 — 70,893 Obligations of state and political subdivisions — 273,202 — 273,202 Equity securities 14,097 — — 14,097 Loans held for sale, at fair value — 28,780 134,167 162,947 Interest rate swaps — 1,287 — 1,287 Mortgage banking derivative — 2,336 — 2,336 Liabilities: Interest rate swaps — 1,292 — 1,292
Summary of Reconciliation of all Assets Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs (Level 3)	The table below presents a reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three month periods ended March 31, 2022 and 2021 . There were no securities that were measured at Level 3 for the three month periods ended March 31, 2022 and 2021. Construction loans held for sale Three Months Ended 2022 2021 Balance of recurring Level 3 assets at beginning of period $ 134,167 $ 123,029 Total gains (losses) for the period Included in change in fair value of loans held for sale ( 13,459 ) ( 5,568 ) Originations 36,343 34,003 Sales ( 40,567 ) ( 16,826 ) Balance of recurring Level 3 assets at end of period $ 116,484 $ 134,638
Schedule of Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis	For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 116,484 Quoted market price Time discount using the 60 day forward contract 0.00 % - 1.52 % December 31, 2021 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 134,167 Quoted market price Time discount using the 60 day forward contract 0.00 % - 1.86 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,199 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 20 - 50 % 31.38 % Individually analyzed Loans- $ 5,033 Equitable Recoupment claim estimate Discounts for collection issues 25 % 25.00 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,821 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 20 - 50 % 35.18 % Individually analyzed Loans- $ 5,492 Equitable Recoupment claim estimate Discounts for collection issues 25 % 25.00 %
Schedule of financial assets measured at fair value on a non-recurring basis	The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Non-Recurring Basis March 31, 2022 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Residential $ — $ — $ 16 16 Commercial real estate — — 3,218 3,218 Commercial — — 6,998 6,998 Total individually analyzed loans — — 10,232 10,232 Mortgage servicing rights — 20,715 — 20,715 December 31, 2021 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 2,749 $ 2,749 Commercial — — 8,564 8,564 Total individually analyzed loans — — 11,313 11,313 Mortgage servicing rights — 19,538 — 19,538
Schedule of FHLB advances with maturities	FHLB advances with maturities greater than 90 days are valued based on a DCF analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at March 31, 2022. The carrying value and estimated fair values of financial instruments at March 31, 2022 and December 31, 2021, were as follows: Fair Value Measurements at March 31, 2022 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 153,766 $ 153,766 $ 153,766 $ — $ — Securities available for sale 1,219,365 1,219,365 — 1,219,365 — Equity securities 13,454 13,454 13,454 — — Accrued interest receivable 21,765 21,765 21,765 — — Federal Home Loan Bank Stock 15,332 N/A N/A N/A N/A Loans receivable, net 5,321,136 5,319,654 — — 5,319,654 Loans held for sale, carried at fair value 153,498 153,498 — 37,014 116,484 Financial Liabilities: Deposits $ 6,317,235 $ 6,306,616 $ 5,592,560 $ 714,056 $ — Advances from Federal Home Loan Bank 150,000 150,000 — 150,000 — Subordinated debentures 85,008 84,168 — 84,168 — Fair Value Measurements at December 31, 2021 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 161,566 $ 161,566 $ 161,566 $ — $ — Securities available for sale 1,206,260 1,206,260 — 1,206,260 — Equity securities 14,097 14,097 14,097 — — Accrued interest receivable 20,767 20,767 20,767 — — Federal Home Loan Bank Stock 11,585 N/A N/A N/A N/A Loans receivable, net 5,229,700 5,265,689 — — 5,265,689 Loans held for sale, carried at fair value 162,947 162,947 — 28,780 134,167 Financial Liabilities: Deposits $ 6,282,051 $ 6,280,336 $ 5,481,928 $ 798,408 $ — Subordinated debentures 84,976 85,417 — — 85,417

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of stock option activity under the plans	Following is stock option activity under the plans during the three months ended March 31, 2022: Options Weighted Weighted Aggregate Options outstanding, January 1, 2022 35,661 $ 21.72 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, March 31, 2022 35,661 $ 21.72 4.09 $ 310,597 Exercisable at March 31, 2022 35,661 $ 21.72 4.09 $ 310,597
Schedule of proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised	Proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised were as follows (in thousands): Three Months Ended Three Months Ended 2022 2021 2022 2021 Proceeds of options exercised $ — $ 8 $ — $ 8 Related tax benefit recognized — — — — Intrinsic value of options exercised — 11 — 11
Schedule of restricted stock units and stock grants	Total expense of $ 34,000 and $ 1.0 million was recorded during each of the three months ended March 31, 2022 and 2021 , respectively, and approximately $ 181,000 and $ 2.7 million is included within other liabilities at March 31, 2022 and December 31, 2021, respectively, related to the cash portion of the STIPs. Performance Stock Units Restricted Stock Units Restricted Stock Awards Unvested Shares Shares Weighted- Shares Weighted- Shares Weighted- Unvested at January 1, 2022 161,674 $ 28.36 51,773 $ 28.44 58,260 $ 29.71 Granted 80,794 30.65 — — 19,936 30.66 Vested — — ( 8,090 ) 26.40 ( 27,580 ) 26.93 Forfeited — — ( 3,730 ) 28.20 ( 786 ) 31.84 Unvested at March 31, 2022 242,468 $ 29.12 39,953 $ 28.88 49,830 $ 31.60

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per common share	The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended 2022 2021 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 26,357 $ 40,996 Less: income allocated to participating securities 35 43 Net income allocated to common shareholders 26,322 40,953 Weighted average common shares outstanding including 36,026 37,332 Less: Participating securities 48 39 Average common shares 35,978 37,293 Basic earnings per common share $ 0.73 $ 1.10 Diluted Earnings Per Share: Net income allocated to common shareholders $ 26,322 $ 40,953 Weighted average common shares outstanding for basic earnings 35,978 37,293 Add: Dilutive effects of stock options and restricted stock units 112 64 Average shares and dilutive potential common shares 36,090 37,357 Diluted earnings per common share $ 0.73 $ 1.10

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Marketable Securities [Abstract]
Summary of available-for-sale securities	The following is a summary of available-for-sale securities: Amortized Gross Gross Fair Value (In Thousands) At March 31, 2022 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 174,400 $ 3 $ ( 12,970 ) $ 161,433 Mortgage-backed securities 215,800 114 ( 15,090 ) 200,824 Collateralized mortgage obligations 326,650 — ( 21,122 ) 305,528 Asset-backed securities 216,998 487 ( 4,388 ) 213,097 Corporate bonds 74,395 158 ( 1,834 ) 72,719 Obligations of state and political subdivisions 290,408 1,577 ( 26,221 ) 265,764 Total Available-for-Sale $ 1,298,651 $ 2,339 $ ( 81,625 ) $ 1,219,365 Amortized Gross Gross Fair Value (In Thousands) At December 31, 2021 Available-for-sale Obligations of U.S. government corporations and agencies $ 174,644 $ 984 $ ( 918 ) $ 174,710 Mortgage-backed securities 208,281 851 ( 2,381 ) 206,751 Collateralized mortgage obligations 264,541 363 ( 4,736 ) 260,168 Asset-backed securities 221,545 610 ( 1,619 ) 220,536 Corporate bonds 70,008 1,160 ( 275 ) 70,893 Obligations of state and political subdivisions 272,334 5,898 ( 5,030 ) 273,202 Total Available-for-Sale $ 1,211,353 $ 9,866 $ ( 14,959 ) $ 1,206,260
Schedule of investments classified by contractual maturity date	The amortized cost and fair value of the investment securities portfolio at March 31, 2022, are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity table, mortgage-backed securities (“MBS”), CMOs and asset-backed securities (“ABS”), which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. Available-for-Sale Amortized Fair Value (In Thousands) Due in one year or less $ 3,230 $ 3,235 Due after one year through five years 43,732 42,536 Due after five years through ten years 205,366 195,580 Due after ten years 286,875 258,565 MBS/CMO/ABS 759,448 719,449 $ 1,298,651 $ 1,219,365
Schedule of securities that were in an unrealized loss position	The following tables summarize Premier’s securities that were in an unrealized loss position at March 31, 2022, and December 31, 2021: Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At March 31, 2022 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 152,407 $ ( 11,201 ) $ 8,503 $ ( 1,769 ) $ 160,910 $ ( 12,970 ) Mortgage-backed securities 134,953 ( 9,319 ) 61,098 ( 5,771 ) 196,051 ( 15,090 ) Collateralized mortgage obligations 300,681 ( 20,737 ) 4,847 ( 385 ) 305,528 ( 21,122 ) Asset-backed securities 167,305 ( 4,255 ) 15,634 ( 133 ) 182,939 ( 4,388 ) Corporate bonds 60,809 ( 1,786 ) 1,212 ( 48 ) 62,021 ( 1,834 ) Obligations of state and political subdivisions 125,688 ( 13,129 ) 73,619 ( 13,092 ) 199,307 ( 26,221 ) Total available-for-sale $ 941,843 $ ( 60,427 ) $ 164,913 $ ( 21,198 ) $ 1,106,756 $ ( 81,625 ) Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At December 31, 2021 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 73,810 $ ( 918 ) $ — $ — $ 73,810 $ ( 918 ) Mortgage-backed securities-residential 167,379 ( 2,048 ) 13,689 ( 333 ) 181,068 ( 2,381 ) Collateralized mortgage obligations 222,134 ( 4,736 ) — — 222,134 ( 4,736 ) Asset-backed securities 140,226 ( 1,589 ) 2,705 ( 30 ) 142,931 ( 1,619 ) Corporate bonds 24,173 ( 270 ) 504 ( 5 ) 24,677 ( 275 ) Obligations of state and political subdivisions 99,199 ( 3,355 ) 34,548 ( 1,675 ) 133,747 ( 5,030 ) Total available-for-sale $ 726,921 $ ( 12,916 ) $ 51,446 $ ( 2,043 ) $ 778,367 $ ( 14,959 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2022
Loans And Leases Receivable Net Reported Amount [Abstract]
Schedule of Loans Receivable	Loan segments have been identified by evaluating the portfolio based on collateral and credit risk characteristics. Loans receivable consist of the following: March 31, December 31, (In Thousands) Real Estate: Residential $ 1,222,057 $ 1,167,466 Commercial 2,495,469 2,450,349 Construction 883,712 862,815 4,601,238 4,480,630 Other Loans: Commercial 910,553 895,638 Home equity and improvement 261,176 264,354 Consumer finance 132,294 126,417 1,304,023 1,286,409 Loans before deferred loan origination fees and costs 5,905,261 5,767,039 Deduct: Undisbursed construction loan funds ( 525,545 ) ( 477,890 ) Net deferred loan origination fees and costs 8,615 7,019 Allowance for credit losses ( 67,195 ) ( 66,468 ) Total loans $ 5,321,136 $ 5,229,700
Schedule of allowance for credit loss (ACL) activity	The following table discloses allowance for credit loss (“ACL”) activity for the three months ended March 31, 2022 and 2021 by portfolio segment (in thousands): Three Months Ended March 31, 2022 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 12,029 $ 32,399 $ 3,004 $ 13,410 $ 4,221 $ 1,405 $ 66,468 Charge-Offs ( 140 ) ( 7 ) — ( 10 ) ( 29 ) ( 103 ) ( 289 ) Recoveries 81 59 — 102 34 114 390 Provisions ( 330 ) 1,750 ( 391 ) 319 ( 307 ) ( 415 ) 626 Ending Allowance $ 11,640 $ 34,201 $ 2,613 $ 13,821 $ 3,919 $ 1,001 $ 67,195 Three Months Ended March 31, 2021 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 17,534 $ 43,417 $ 2,741 $ 11,665 $ 4,739 $ 1,983 $ 82,079 Charge-Offs — — — ( 70 ) ( 3 ) ( 36 ) ( 109 ) Recoveries 8 36 — 198 29 27 298 Provisions ( 34 ) ( 8,181 ) 35 398 416 ( 148 ) ( 7,514 ) Ending Allowance $ 17,508 $ 35,272 $ 2,776 $ 12,191 $ 5,181 $ 1,826 $ 74,754
Summary of Amortized Cost Basis of Collateral-Dependent Loans by Class of Loans and Collateral Type	The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2022 and December 31, 2021 (in thousands): March 31, 2022 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 78 $ — $ — $ — $ 78 Commercial 17,592 — — — 17,592 Construction — — — — — Other Loans: Commercial 1,573 — 13,711 21 15,305 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 19,243 $ — $ 13,711 $ 21 $ 32,975 December 31, 2021 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 226 $ — $ — $ — $ 226 Commercial 18,399 — — — 18,399 Construction — — — — — Other Loans: Commercial 1,574 160 14,023 25 15,782 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 20,199 $ 160 $ 14,023 $ 25 $ 34,407
Schedule of current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned	The following table presents the current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned as of the dates indicated: March 31, December 31, (In Thousands) Non-accrual loans with reserve $ 32,930 $ 35,480 Non-accrual loans without reserve 14,368 $ 12,534 Loans 90 days plus past due and still accruing — — Total non-performing loans 47,298 48,014 Real estate and other assets held for sale 253 171 Total non-performing assets $ 47,551 $ 48,185 Troubled debt restructuring, still accruing $ 6,287 $ 7,768
Schedule of Aging of the Amortized Cost/ Recorded Investment in Past Due and Non- Accrual Loans	The following table presents the aging of the amortized cost in past due and non-accrual loans as of March 31, 2022, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,202,041 $ 307 $ 3,327 $ 7,654 $ 11,288 $ 9,280 Commercial 2,486,865 549 6 8,059 8,614 14,423 Construction 358,167 — — — — — Other Loans: Commercial 890,418 10,371 — 936 11,307 11,386 Home equity and improvement 255,180 756 334 1,771 2,861 2,171 Consumer finance 129,659 1,530 598 1,959 4,087 2,100 PCD 21,924 173 703 5,044 5,920 7,938 Total Loans $ 5,344,254 $ 13,686 $ 4,968 $ 25,423 $ 44,077 $ 47,298 The following table presents the aging of the recorded investment in past due and non-accrual loans as of December 31, 2021, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,144,533 $ 234 $ 5,340 $ 7,487 $ 13,061 $ 9,034 Commercial 2,439,552 96 847 7,168 8,111 14,621 Construction 383,136 43 1,746 — 1,789 — Other Loans: Commercial 884,025 42 35 867 944 11,531 Home equity and improvement 257,055 1,851 408 1,634 3,893 2,051 Consumer finance 124,073 1,112 819 1,728 3,659 1,873 PCD 25,111 225 1,005 5,996 7,226 8,904 Total Loans $ 5,257,485 $ 3,603 $ 10,200 $ 24,880 $ 38,683 $ 48,014
Schedule of Present Loans by Class Modified as TDRs that Occurred	The following tables present loans by class modified as TDRs that occurred during the three months ended March 31, 2022 and 2021: Loans Modified as a TDR for the Three Troubled Debt Restructurings Number of Recorded Investment Real Estate: Residential 1 $ 252 Commercial — — Construction — — Other Loans: Commercial — — Home equity and improvement — — Consumer finance 2 20 Total 3 $ 272 The loans described above increased the ACL by $ 1,000 in the three months ended March 31, 2022. Loans Modified as a TDR for the Three Troubled Debt Restructurings Number of Recorded Investment Real Estate: Residential 2 $ 150 Commercial — — Construction — — Other Loans: Commercial 3 709 Home equity and improvement — — Consumer finance — — Total 5 $ 859
Schedule of Risk Category of Loans by Class of Loans	As of March 31, 2022, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,202,103 $ 1,295 $ 9,931 $ - $ 9,931 $ 1,213,329 Commercial 2,376,266 93,550 25,663 — 25,663 2,495,479 Construction 358,167 — — — — 358,167 Other Loans: Commercial 869,383 20,558 11,784 — 11,784 901,725 Home equity and improvement 255,883 — 2,158 — 2,158 258,041 Consumer finance 131,647 — 2,099 — 2,099 133,746 PCD 19,110 98 8,636 — 8,636 27,844 Total Loans $ 5,212,559 $ 115,501 $ 60,271 $ — $ 60,271 $ 5,388,331 As of December 31, 2021, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,146,212 $ 1,316 $ 10,066 $ - $ 10,066 $ 1,157,594 Commercial 2,324,846 93,676 29,141 — 29,141 2,447,663 Construction 365,403 19,522 — — — 384,925 Other Loans: Commercial 856,402 14,815 13,752 — 13,752 884,969 Home equity and improvement 258,914 — 2,034 — 2,034 260,948 Consumer finance 125,879 — 1,853 — 1,853 127,732 PCD 19,547 101 12,689 — 12,689 32,337 Total Loans $ 5,097,203 $ 129,430 $ 69,535 $ — $ 69,535 $ 5,296,168
Summary of Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans	The tables below present the amortized cost basis of loans by credit quality indicator and class of loans as of March 31, 2022 and December 31, 2021 (in thousands): Term of loans by origination 2022 2021 2020 2019 2018 Prior Revolving Loans Total As of March 31, 2022 Real Estate Residential: Risk Rating Pass $ 87,717 $ 247,594 $ 355,860 $ 104,958 $ 59,789 $ 344,704 $ 1,481 $ 1,202,103 Special Mention — — 187 37 — 158 913 1,295 Substandard — 777 957 779 1,178 6,240 — 9,931 Doubtful — — — — — — — — Total $ 87,717 $ 248,371 $ 357,004 $ 105,774 $ 60,967 $ 351,102 $ 2,394 $ 1,213,329 Commercial: Risk Rating Pass $ 117,640 $ 511,210 $ 513,331 $ 358,355 $ 228,407 $ 636,090 $ 11,233 $ 2,376,266 Special Mention 2,380 292 — 2,111 17,094 71,000 673 93,550 Substandard — 195 559 4,788 4,946 14,949 226 25,663 Doubtful — — — — — — — — Total $ 120,020 $ 511,697 $ 513,890 $ 365,254 $ 250,447 $ 722,039 $ 12,132 $ 2,495,479 Construction: Risk Rating Pass $ 196,348 $ 86,533 $ 53,706 $ - $ 727 $ - $ 20,853 $ 358,167 Special Mention — — — — — — — — Substandard — — — — — — — Doubtful — — — — — — — — Total $ 196,348 $ 86,533 $ 53,706 $ - $ 727 $ - $ 20,853 $ 358,167 Other Loans Commercial: Risk Rating Pass $ 67,089 $ 240,506 $ 125,299 $ 74,398 $ 41,778 $ 34,471 $ 285,842 $ 869,383 Special Mention 2,857 — 2,117 3,919 225 5,738 5,702 20,558 Substandard — 123 10,347 22 249 216 827 11,784 Doubtful — — — — — — — — Total $ 69,946 $ 240,629 $ 137,763 $ 78,339 $ 42,252 $ 40,425 $ 292,371 $ 901,725 Home equity and Improvement: Risk Rating Pass $ 3,622 $ 23,965 $ 6,444 $ 4,267 $ 2,524 $ 35,008 $ 180,053 $ 255,883 Special Mention — — — — — — — — Substandard — — — 28 37 790 1,303 2,158 Doubtful — — — — — — — — Total $ 3,622 $ 23,965 $ 6,444 $ 4,295 $ 2,561 $ 35,798 $ 181,356 $ 258,041 Consumer Finance: Risk Rating Pass $ 21,501 $ 44,590 $ 23,257 $ 19,959 $ 7,877 $ 5,528 $ 8,935 $ 131,647 Special Mention — — — — — — — — Substandard — 187 980 717 125 86 4 2,099 Doubtful — — — — — — — — Total $ 21,501 $ 44,777 $ 24,237 $ 20,676 $ 8,002 $ 5,614 $ 8,939 $ 133,746 PCD: Risk Rating Pass $ - $ - $ - $ 163 $ 1,733 $ 13,739 $ 3,475 $ 19,110 Special Mention — — — — — 98 — 98 Substandard — — — 53 26 5,854 2,703 8,636 Doubtful — — — — — — — — Total $ - $ - $ - $ 216 $ 1,759 $ 19,691 $ 6,178 $ 27,844 Term of loans by origination 2020 2019 2018 2017 2016 Prior Revolving Loans Total As of December 31, 2021 Real Estate Residential: Risk Rating Pass $ 219,006 $ 373,439 $ 112,781 $ 65,544 $ 71,794 $ 301,735 $ 1,913 $ 1,146,212 Special Mention — 190 — — 59 109 958 1,316 Substandard 465 780 1,198 1,006 2,095 4,522 — 10,066 Doubtful — — — — — — — — Total $ 219,471 $ 374,409 $ 113,979 $ 66,550 $ 73,948 $ 306,366 $ 2,871 $ 1,157,594 Commercial: Risk Rating Pass $ 514,333 $ 493,575 $ 388,117 $ 230,734 $ 237,712 $ 451,113 $ 9,262 $ 2,324,846 Special Mention 294 5,349 5,533 11,055 49,993 20,662 790 93,676 Substandard 172 570 4,920 5,525 62 17,665 227 29,141 Doubtful — — — — — — — — Total $ 514,799 $ 499,494 $ 398,570 $ 247,314 $ 287,767 $ 489,440 $ 10,279 $ 2,447,663 Construction: Risk Rating Pass $ 198,221 $ 100,606 $ 55,707 $ 10,039 $ 685 $ 145 $ - $ 365,403 Special Mention — 12,500 — 5,996 1,026 — — 19,522 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 198,221 $ 113,106 $ 55,707 $ 16,035 $ 1,711 $ 145 $ - $ 384,925 Other Loans Commercial: Risk Rating Pass $ 293,644 $ 132,703 $ 84,668 $ 47,421 $ 24,269 $ 17,038 $ 256,659 $ 856,402 Special Mention — 2,180 4,094 272 1,264 4,663 2,342 14,815 Substandard 136 11,550 23 288 388 131 1,236 13,752 Doubtful — — — — — — — — Total $ 293,780 $ 146,433 $ 88,785 $ 47,981 $ 25,921 $ 21,832 $ 260,237 $ 884,969 Home equity and Improvement: Risk Rating Pass $ 24,707 $ 6,870 $ 4,867 $ 2,879 $ 5,534 $ 31,317 $ 182,740 $ 258,914 Special Mention — — — — — — — — Substandard 15 — 28 48 27 690 1,226 2,034 Doubtful — — — — — — — — Total $ 24,722 $ 6,870 $ 4,895 $ 2,927 $ 5,561 $ 32,007 $ 183,966 $ 260,948 Consumer Finance: Risk Rating Pass $ 50,202 $ 25,866 $ 23,000 $ 9,643 $ 4,313 $ 2,769 $ 10,086 $ 125,879 Special Mention — — — — — — — — Substandard 196 707 619 129 67 131 4 1,853 Doubtful — — — — — — — — Total $ 50,398 $ 26,573 $ 23,619 $ 9,772 $ 4,380 $ 2,900 $ 10,090 $ 127,732 PCD: Risk Rating Pass $ - $ - $ 170 $ 1,753 $ 1,860 $ 12,496 $ 3,268 $ 19,547 Special Mention — — — — — 101 — 101 Substandard — — 67 28 3,242 6,490 2,862 12,689 Doubtful — — — — — — — — Total $ - $ - $ 237 $ 1,781 $ 5,102 $ 19,087 $ 6,130 $ 32,337 A
Summary of Credit Loss Estimation	The remaining life method was selected for the consumer direct loan segment since the pool contains loans with many different structures and payment streams and collateral. The weighted average remaining life uses an average annual charge-off rate applied to the contractual term, further adjusted for estimated prepayments to determine the unadjusted historical charge-off rate for the remaining balance of assets. Portfolio Segments Loan Pool Methodology Loss Drivers Residential real estate 1-4 Family nonowner occupied DCF National unemployment 1-4 Family owner occupied DCF National unemployment Commercial real estate Commercial real estate nonowner occupied DCF National unemployment Commercial real estate owner occupied DCF National unemployment Multi Family DCF National unemployment Agriculture Land DCF National unemployment Other commercial real estate DCF National unemployment Construction secured by real estate Construction Other PD/LGD Call report loss history Construction Residential PD/LGD Call report loss history Commercial Commercial working capital PD/LGD Call report loss history Agriculture production PD/LGD Call report loss history Other commercial PD/LGD Call report loss history Home equity and improvement Home equity and improvement PD/LGD Call report loss history Consumer finance Consumer direct Remaining life Call report loss history Consumer indirect DCF National unemployment
Schedule of Outstanding Balance and Related Allowance on Loans	The outstanding balance and related allowance on these loans as of March 31, 2022 and December 31, 2021 is as follows (in thousands): As of March 31, 2022 As of December 31, 2021 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 12,520 $ 176 $ 13,396 $ 197 Commercial 3,146 51 5,878 151 Construction — — — — 15,666 227 19,274 348 Other Loans: Commercial 8,595 1,211 9,167 1,531 Home equity and improvement 3,135 139 3,405 154 Consumer finance 448 9 491 7 12,178 1,359 13,063 1,692 Total $ 27,844 $ 1,586 $ 32,337 $ 2,040

Mortgage Banking (Tables)

Mortgage Banking (Tables)	3 Months Ended
	Mar. 31, 2022
Mortgage Banking [Abstract]
Schedule of net revenues from the sales and servicing of mortgage loans	Net revenues from the sales and servicing of mortgage loans consisted of the following: Three Months Ended 2022 2021 (In Thousands) Mortgage banking gain, net $ 2,543 $ 5,640 Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,879 1,917 Amortization of mortgage servicing rights ( 1,403 ) ( 2,344 ) Mortgage servicing rights valuation adjustments 1,233 5,320 1,709 4,893 Net revenue from sale and servicing of mortgage loans $ 4,252 $ 10,533
Schedule of capitalized mortgage and valuation allowance	Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2022 and 2021: Three Months Ended 2022 2021 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 22,244 $ 21,666 Loans sold, servicing retained 1,348 2,374 Amortization ( 1,403 ) ( 2,344 ) Carrying value before valuation allowance at end of period 22,189 21,696 Valuation allowance: Balance at beginning of period ( 2,707 ) ( 8,513 ) Impairment recovery (charges) 1,233 5,320 Balance at end of period ( 1,474 ) ( 3,193 ) Net carrying value of MSRs at end of period $ 20,715 $ 18,503 Fair value of MSRs at end of period $ 25,996 $ 18,695

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Undiscounted Cash Flows Included in Lease Liabilities	Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (in thousands) March 31, 2022 Remainder of 2022 $ 2,526 2023 2,023 2024 1,632 2025 1,408 2026 1,173 Thereafter 11,772 Total undiscounted minimum lease payments 20,534 Present value adjustment ( 4,187 ) Total lease liabilities $ 16,347

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2022
Deposits [Abstract]
Summary of deposit balances	A summary of deposit balances is as follows: March 31, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,733,157 $ 1,724,772 Interest-bearing checking and money market accounts 3,029,260 2,952,705 Savings deposits 830,143 804,451 Retail certificates of deposit less than $250,000 586,967 636,477 Retail certificates of deposit greater than $250,000 137,708 163,646 $ 6,317,235 $ 6,282,051

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2022
Subordinated Borrowings [Abstract]
Schedule of Bank Line of Credit Advance, Junior Subordinated Debentures and Subordinated Debentures	The Company's junior subordinated debentures owed to unconsolidated subsidiary trusts and subordinated debentures are comprised of the following: March 31, December 31, (In Thousands) First Defiance Statutory Trust I due December 2035 $ 20,619 $ 20,619 First Defiance Statutory Trust II due June 2037 $ 15,464 $ 15,464 Junior subordinated debentures owed to unconsolidated subsidiary trusts $ 36,083 $ 36,083 Subordinated debentures $ 48,925 $ 48,893

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Schedule of line of credit facilities	The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (in thousands): March 31, 2022 December 31, 2021 Commitments to make loans $ 1,154,525 $ 1,175,916 Unused lines of credit 1,007,302 626,348 Standby letters of credit 13,319 10,851 Total $ 2,175,146 $ 1,813,115

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)	The components of income tax expense (benefit) are as follows: For the Three Months Ended March 31, 2022 2021 (In Thousands) Current: Federal $ 5,814 $ 6,362 State and local 163 163 Deferred 193 3,427 $ 6,170 $ 9,952
Schedule of effective income tax rate reconciliation	The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended March 31, 2022 2021 (In Thousands) Tax expense (benefit) at statutory rate ( 21 %) $ 6,830 $ 10,699 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 128 128 Tax exempt interest income, net of TEFRA ( 186 ) ( 200 ) Bank owned life insurance ( 209 ) ( 245 ) Captive insurance ( 105 ) ( 90 ) Other ( 288 ) ( 340 ) Totals $ 6,170 $ 9,952

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of carrying values of the derivative instrument assets	The table below provides data about the carrying values of these derivative instrument assets: March 31, 2022 December 31, 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ 9,923 $ 2,336
Schedule of amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments	The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2022 and 2021 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended 2022 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – Gain (Loss) $ 7,587 $ 4,124
Summary of Interest Rate Swap Designated as Cash Flow Hedge	A summary of the interest-rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2022 December 31, 2021 Notional amount $ 250,000 $ 250,000 Weighted average fixed receive rates 1.437 % 1.437 % Weighted average variable 1-month LIBOR pay rates 0.438 % 0.089 % Weighted average remaining maturity (in years) 9.0 9.3 Fair value $ ( 16,180 ) $ 854

Other Comprehensive (Loss) In_2

Other Comprehensive (Loss) Income (Tables)	3 Months Ended
	Mar. 31, 2022
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Schedule of reclassification adjustments related to securities available for sale are included in gains on sale of securities	Reclassification adjustments related to securities available for sale are included in gains on sale of securities in the accompanying consolidated condensed statements of income. Before Tax Tax (Expense) Net of Tax (In Thousands) Three months ended March 31, 2022: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 74,193 ) $ 15,580 $ ( 58,613 ) Reclassification adjustment for net losses included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 16,241 ) 3,411 ( 12,830 ) Reclassification adjustment for net gains included in net income ( 793 ) 167 ( 626 ) Total other comprehensive gain $ ( 91,227 ) $ 19,158 $ ( 72,069 ) Before Tax Tax (Expense) Net of Tax (In Thousands) Three months ended March 31, 2021: Securities available for sale: Change in net unrealized gain/loss during the period $ ( 19,112 ) $ 4,014 $ ( 15,098 ) Reclassification adjustment for net gains included in net income ( 516 ) 108 ( 408 ) Total other comprehensive loss $ ( 19,628 ) $ 4,122 $ ( 15,506 )
Schedule of accumulated other comprehensive income (loss), net of tax	Activity in accumulated other comprehensive income (loss), net of tax, was as follows: Securities Post- Cash Flow Hedge Derivatives Accumulated (In Thousands) Balance January 1, 2022 $ ( 4,023 ) $ ( 79 ) $ 674 $ ( 3,428 ) Other comprehensive income/(loss) before reclassifications ( 58,613 ) — ( 12,830 ) ( 71,443 ) Amounts reclassified from accumulated other comprehensive income — — ( 626 ) ( 626 ) Net other comprehensive income/(loss) during period ( 58,613 ) — ( 13,456 ) ( 72,069 ) Balance March 31, 2022 $ ( 62,636 ) $ ( 79 ) $ ( 12,782 ) $ ( 75,497 ) Balance January 1, 2021 $ 15,083 $ ( 79 ) $ — $ 15,004 Other comprehensive income (loss) before reclassifications ( 15,098 ) — — ( 15,098 ) Amounts reclassified from accumulated other comprehensive income ( 408 ) — — ( 408 ) Net other comprehensive income during period ( 15,506 ) — — ( 15,506 ) Balance March 31, 2021 $ ( 423 ) $ ( 79 ) $ — $ ( 502 )

Fair Value - Additional informa

Fair Value - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value determination of loans held for sale description	The fair value of conventional loans held for sale is determined using the current 15 day forward contract price for either 15 or 30 year conventional mortgages (Level 2). The fair value of permanent construction loans held for sale is determined using the current 60 day forward contract price for 15 or 30 years conventional mortgages which is then adjusted for unobservable market data such as estimated fall out rates and estimated time from origination to completion of construction (Level 3).
Loans held for sale, fair value disclosure	$ 153,498		$ 162,947
Available for sale assets at fair value	0	$ 0
Residential Mortgage Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	37,000		28,800
Loans held for sale, contractual balance	36,100		27,700
Gains (losses) on sale of loans held for sale for the change in fair value	(1,500)	4,300
Permanent Construction Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	116,500		134,200
Loans held for sale, contractual balance	120,800		$ 125,000
Gains (losses) on sale of loans held for sale for the change in fair value	$ (13,400)	$ 5,600
Minimum [Member] | Real Estate held for sale [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value input discount rate	0.00%
Maximum [Member] | Real Estate held for sale [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value input discount rate	30.00%

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 1,219,365	$ 1,206,260
Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	305,529	260,168
Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	1,219,365	1,206,260
Fair Value, Inputs, Level 2 [Member] | Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	305,529	260,168
Obligations of U.S. government corporations and agencies [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	161,433	174,710
Obligations of U.S. government corporations and agencies [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	161,433	174,710
Mortgage-Backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	200,824	206,751
Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	200,824	206,751
Asset-backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	213,097	220,536
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	213,097	220,536
Corporate bonds [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	72,719	70,893
Corporate bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	72,719	70,893
Obligations of state and political subdivisions [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	265,764	273,202
Obligations of state and political subdivisions [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	265,764	273,202
Equity Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	13,454	14,097
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	13,454	14,097
Loans Held for Sale, at Fair Value [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	153,498	162,947
Loans Held for Sale, at Fair Value [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	37,014	28,780
Loans Held for Sale, at Fair Value [Member] | Fair Value, Inputs, Level 3 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	116,484	134,167
Interest Rate Swap Assets [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	2,338	1,287
Interest Rate Swap Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	2,338	1,287
Mortgage banking derivative [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	9,923	2,336
Mortgage banking derivative [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	9,923	2,336
Interest Rate Swap Liability [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	2,338
Interest Rate Swap Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	2,338	1,292
Cash Flow Hedge Derivative Liability [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	16,180	$ 1,292
Cash Flow Hedge Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 16,180

Fair Value - Summary of Reconci

Fair Value - Summary of Reconciliation of all Assets Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs (Level 3) (Details) - Construction Loans Held for Sale [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance of recurring Level 3 assets at beginning of period	$ 134,167	$ 123,029
Total gains (losses) for the period, Included in change in fair value of loans held for sale	(13,459)	(5,568)
Originations	36,343	34,003
Sales	(40,567)	(16,826)
Balance of recurring Level 3 assets at end of period	$ 116,484	$ 134,638

Fair Value - Schedule of Level

Fair Value - Schedule of Level 3 Assets and Liabilities Measured At Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 153,498	$ 162,947
Range of Input 0.00% - 2.18% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 116,484
Fair Value Measurements, Valuation Processes, Description	Quoted market price
Unobservable Inputs, Fair Value	Time discount using the 60 day forward contract
Fair Value, Range of Input, Minimum	0.00%
Fair Value, Range of Input, Maximum	1.52%
Range of Input 0.00% - 0.24% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value		$ 134,167
Fair Value Measurements, Valuation Processes, Description		Quoted market price
Unobservable Inputs, Fair Value		Time discount using the 60 day forward contract
Fair Value, Range of Input, Minimum		0.00%
Fair Value, Range of Input, Maximum		1.86%

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Measured on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Individually analyzed loans
Total individually analyzed loans	$ 10,232	$ 11,313
Mortgage servicing rights	20,715	19,538
Residential [Member]
Individually analyzed loans
Total individually analyzed loans	16
Commercial Real Estate [Member]
Individually analyzed loans
Total individually analyzed loans	3,218	2,749
Commercial [Member]
Individually analyzed loans
Total individually analyzed loans	6,998	8,564
Fair Value, Inputs, Level 2 [Member]
Individually analyzed loans
Mortgage servicing rights	20,715	19,538
Fair Value, Inputs, Level 3 [Member]
Individually analyzed loans
Total individually analyzed loans	10,232	11,313
Fair Value, Inputs, Level 3 [Member] | Residential [Member]
Individually analyzed loans
Total individually analyzed loans	16
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member]
Individually analyzed loans
Total individually analyzed loans	3,218	2,749
Fair Value, Inputs, Level 3 [Member] | Commercial [Member]
Individually analyzed loans
Total individually analyzed loans	$ 6,998	$ 8,564

Fair Value - Schedule of Leve_2

Fair Value - Schedule of Level 3 Assets and Liabilities Measured At Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Individually analyzed Loans- Applies to loan classes with an appraisal valuation	$ 5,199	$ 5,821
Individually analyzed Loans- Applies to loan classes without an appraisal valuation	5,033	5,492
Individually analyzed Loans- Applies to all loan classes	$ 10,232	$ 11,313
Appraisals Which Utilize Sales Comparison, Net Income and Cost Approach [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Processes, Description	Appraisals which utilize sales comparison, net income and cost approach	Appraisals which utilize sales comparison, net income and cost approach
Unobservable Inputs, Fair Value	Discounts for collection issues and changes in market conditions	Discounts for collection issues and changes in market conditions
Fair Value, Range of Input, Minimum	20.00%	20.00%
Fair Value, Range of Input, Maximum	50.00%	50.00%
Fair Value Measurement Weighted Average Range	31.38%	35.18%
Equitable Recoupment Claim Estimate [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Valuation Processes, Description	Equitable Recoupment claim estimate	Equitable Recoupment claim estimate
Unobservable Inputs, Fair Value	Discounts for collection issues	Discounts for collection issues
Fair Value Measurement Range Of Input	25.00%	25.00%
Fair Value Measurement Weighted Average Range	25.00%	25.00%

Fair Value - Balance Sheet Grou

Fair Value - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial Assets, Carrying Value:
Cash and cash equivalents, Carrying Value	$ 153,766	$ 161,566
Securities available for sale, Carrying Value	1,219,365	1,206,260
Equity securities, Carrying Value	13,454	14,097
Accurued interest carrying value	21,765	20,767
Federal Home Loan Bank Stock, Carrying Value	15,332	11,585
Loans receivable, net, Carrying Value	5,321,136	5,229,700
Loans held for sale, Carrying Value	153,498	162,947
Financial Liabilities, Carrying Value:
Deposits, Carrying Value	6,317,235	6,282,051
Advances from the Federal Home Loan Bank	150,000
Subordinated debentures, Carrying Value	85,008	84,976
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	153,766	161,566
Securities available-for-sale, carried at fair value	1,219,365	1,206,260
Equity securities, Fair Value	13,454	14,097
Accrued interest receivable fair value	21,765	20,767
Loans receivable, net, Fair Value	5,319,654	5,265,689
Loans held for sale, fair value disclosure	153,498	162,947
Financial Liabilities, Fair Value:
Deposits, Fair Value	6,306,616	6,280,336
Advances from Federal Home Loan	150,000
Subordinated debentures, Fair Value	84,168	85,417
Fair Value, Inputs, Level 1 [Member]
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	153,766	161,566
Equity securities, Fair Value	13,454	14,097
Accrued interest receivable fair value	21,765	20,767
Financial Liabilities, Fair Value:
Deposits, Fair Value	5,592,560	5,481,928
Fair Value, Inputs, Level 2 [Member]
Financial Assets, Fair Value:
Securities available-for-sale, carried at fair value	1,219,365	1,206,260
Loans held for sale, fair value disclosure	37,014	28,780
Financial Liabilities, Fair Value:
Deposits, Fair Value	714,056	798,408
Advances from Federal Home Loan	150,000
Subordinated debentures, Fair Value	84,168
Fair Value, Inputs, Level 3 [Member]
Financial Assets, Fair Value:
Loans receivable, net, Fair Value	5,319,654	5,265,689
Loans held for sale, fair value disclosure	$ 116,484	134,167
Financial Liabilities, Fair Value:
Subordinated debentures, Fair Value		$ 85,417

Stock Compensation Plans - Addi

Stock Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	35,661		35,661
Stock Option Period, Description	All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or one year after the retirement date.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 month
Allocated Share-based Compensation Expense	$ 34,000	$ 1,000,000
Compensation Expense, Maximum	6,900,000
Estimated Compensation Expense, Excepted	4,600,000
Unrecognized Compensation Expense	$ 1,700,000
Executive Long-Term Equity Incentive Plan [Member]
Stock Option Period, Description	The value of awards issued in 2021 and 2022 under the Executive LTIP will be determined individually at the end of each respective 36 month performance period ending December 31. The benefits earned under these LTIPs will be paid out in equity in the first quarter following the end of the performance period. The participants will receive all or a portion of the award if their employment is terminated by the Company without cause, by the participant in certain situations, or by death, disability or retirement.
Share-based Compensation, Performance Period	3 years
Executive Long-Term Equity Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	20.00%
Executive Long-Term Equity Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	50.00%
Equity Plan 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	900,000
Long Term Equity Incentive Plan2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,200,000
Short Term Equity Incentive Plan 2015 [Member]
Stock Option Period, Description	The final amount of benefits under the STIPs is determined as of December 31 of the same year and paid out in cash in the first quarter of the following year.
Performance Stock Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	80,794
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	242,468		161,674
Performance Stock Units (PSUs) [Member] | Executive Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	80,794
Restricted Stock Awards (RSAs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	19,936
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	49,830		58,260
Restricted Stock Awards (RSAs) [Member] | Key Long-Term Equity Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	19,612
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	324
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	39,953		51,773
Restricted Stock Units (RSUs) [Member] | Key Long-Term Equity Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		17,542
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock Units (RSUs) [Member] | Key Long-Term Equity Incentive Plan 2015 [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	5.00%
Restricted Stock Units (RSUs) [Member] | Key Long-Term Equity Incentive Plan 2015 [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	10.00%
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	332,251
Short Term Incentive Plan [Member]
Allocated Share-based Compensation Expense	$ 181,000		$ 2,700,000

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock option activity (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)$ / sharesshares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options outstanding, January 1, 2021 | shares	35,661
Option Outstanding, Exercised | shares	0
Options outstanding, September 30, 2021 | shares	35,661
Exercisable at September 30, 2021 | shares	35,661
Weighted Average Exercise Price, Options outstanding, January 1, 2021 | $ / shares	$ 21.72
Weighted Average Exercise Price, Exercised | $ / shares	0
Weighted Average Exercise Price, Options outstanding, September 30, 2021 | $ / shares	21.72
Weighted Average Exercise Price, Exercisable at September 30, 2021 | $ / shares	$ 21.72
Weighted Average Remaining Contractual Term (In years), outstanding, September 30, 2021	4 years 1 month 2 days
Weighted Average Remaining Contractual Terms (In years), Exercisable at September 30, 2021	4 years 1 month 2 days
Aggregate Intrinsic Value, outstanding, September 30, 2021 | $	$ 310,597
Aggregate Intrinsic Value, Exercisable at September 30, 2021 | $	$ 310,597

Stock Compensation Plans - Tax

Stock Compensation Plans - Tax benefits realized (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Proceeds of options exercised	$ 8
Intrinsic value of options exercised	$ 11

Stock Compensation Plans - Rest

Stock Compensation Plans - Restricted stock grants (Details)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Performance Stock Units [Member]
Shares, Unvested at January 1, 2021 | shares	161,674
Shares, Granted | shares	80,794
Shares, Unvested at September 30, 2021 | shares	242,468
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2021 | $ / shares	$ 28.36
Weighted-Average Grant Date Fair Value, Granted | $ / shares	30.65
Weighted-Average Grant Date Fair Value, Unvested at September 30, 2021 | $ / shares	$ 29.12
Restricted Stock Units (RSUs) [Member]
Shares, Unvested at January 1, 2021 | shares	51,773
Shares, Vested | shares	(8,090)
Shares, Forfeited | shares	(3,730)
Shares, Unvested at September 30, 2021 | shares	39,953
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2021 | $ / shares	$ 28.44
Weighted-Average Grant Date Fair Value, Vested | $ / shares	26.40
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	28.20
Weighted-Average Grant Date Fair Value, Unvested at September 30, 2021 | $ / shares	$ 28.88
Restricted Stock Awards (RSAs) [Member]
Shares, Unvested at January 1, 2021 | shares	58,260
Shares, Granted | shares	19,936
Shares, Vested | shares	(27,580)
Shares, Forfeited | shares	(786)
Shares, Unvested at September 30, 2021 | shares	49,830
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2021 | $ / shares	$ 29.71
Weighted-Average Grant Date Fair Value, Granted | $ / shares	30.66
Weighted-Average Grant Date Fair Value, Vested | $ / shares	26.93
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	31.84
Weighted-Average Grant Date Fair Value, Unvested at September 30, 2021 | $ / shares	$ 31.60

Dividends on Common Stock (Deta

Dividends on Common Stock (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Dividends Common Stock [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30	$ 0.24
Common Stock, Dividends, Per Share, Declared	$ 0.30	$ 0.24

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of basic and diluted earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic Earnings Per Share:
Net income available to common shareholders	$ 26,357	$ 40,996
Less: income allocated to participating securities	35	43
Net income allocated to common shareholders	$ 26,322	$ 40,953
Weighted average common shares outstanding including participating securities	36,026	37,332
Less: Participating securities	48	39
Average common shares	35,978	37,293
Basic earnings per common share	$ 0.73	$ 1.10
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 26,322	$ 40,953
Weighted average common shares outstanding for basic earnings per common share	35,978	37,293
Add: Dilutive effects of stock options and restricted stock units	112	64
Average shares and dilutive potential common shares	36,090	37,357
Diluted earnings per common share	$ 0.73	$ 1.10

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share Basic [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	16,206	0

Investment Securities - Summary

Investment Securities - Summary of available-for-sale securities - (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 1,298,651	$ 1,211,353
Available-for-Sale Securities, Gross Unrealized Gains	2,339	9,866
Available-for-Sale Securities, Gross Unrealized Loss	(81,625)	(14,959)
Available-for-Sale Securities, Fair Value	1,219,365	1,206,260
Obligations of U.S. government corporations and agencies [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	174,400	174,644
Available-for-Sale Securities, Gross Unrealized Gains	3	984
Available-for-Sale Securities, Gross Unrealized Loss	(12,970)	(918)
Available-for-Sale Securities, Fair Value	161,433	174,710
Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	215,800	208,281
Available-for-Sale Securities, Gross Unrealized Gains	114	851
Available-for-Sale Securities, Gross Unrealized Loss	(15,090)	(2,381)
Available-for-Sale Securities, Fair Value	200,824	206,751
Collateralized mortgage obligations [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	326,650	264,541
Available-for-Sale Securities, Gross Unrealized Gains		363
Available-for-Sale Securities, Gross Unrealized Loss	(21,122)	(4,736)
Available-for-Sale Securities, Fair Value	305,528	260,168
Asset-backed securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	216,998	221,545
Available-for-Sale Securities, Gross Unrealized Gains	487	610
Available-for-Sale Securities, Gross Unrealized Loss	(4,388)	(1,619)
Available-for-Sale Securities, Fair Value	213,097	220,536
Corporate bonds [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	74,395	70,008
Available-for-Sale Securities, Gross Unrealized Gains	158	1,160
Available-for-Sale Securities, Gross Unrealized Loss	(1,834)	(275)
Available-for-Sale Securities, Fair Value	72,719	70,893
Obligations of state and political subdivisions [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	290,408	272,334
Available-for-Sale Securities, Gross Unrealized Gains	1,577	5,898
Available-for-Sale Securities, Gross Unrealized Loss	(26,221)	(5,030)
Available-for-Sale Securities, Fair Value	$ 265,764	$ 273,202

Investment Securities - Schedul

Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Abstract]
Available-for-sale, Due in one year or less, Amortized Cost	$ 3,230
Available-for-sale, Due after one year through five years, Amortized Cost	43,732
Available-for-sale, Due after five years through ten years, Amortized Cost	205,366
Available-for-sale, Due after ten years, Amortized Cost	286,875
Available-for-sale, MBS/CMO/ABS, Amortized Cost	759,448
Available-for-Sale Securities, Amortized Cost	1,298,651	$ 1,211,353
Available-for-sale, Due in one year or less, Fair Value	3,235
Available-for-sale, Due after one year through five years, Fair Value	42,536
Available-for-sale, Due after five years through ten years, Fair Value	195,580
Available-for-sale, Due after ten years, Fair Value	258,565
Available-for-sale,MBS/CMO/ABS, Fair Value	719,449
Available-for-sale, Fair Value	$ 1,219,365	$ 1,206,260

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Marketable Securities [Line Items]
Security Owned and Pledged as Collateral Carrying Value	$ 555,000,000		$ 564,400,000
Realized available-for-sale securities gains (losses)	0	$ 516,000,000
Preferred and common stock held as investment securities	13,454,000		14,097,000
Unrealized loss on equity securities	(643,000)	$ 1,610,000
Preferred and Common Stock [Member]
Marketable Securities [Line Items]
Preferred and common stock held as investment securities	$ 13,400,000		$ 14,100,000

Investment Securities - Unreali

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Total temporarily impaired securities, Duration Unrealized Loss Position, Less Than Twelve Months, Fair Value	$ 941,843	$ 726,921
Total temporarily impaired securities, Duration of Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	60,427	12,916
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Fair Value	164,913	51,446
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Loss	21,198	2,043
Total temporarily impaired securities, Duration of Unrealized Loss Position, Fair Value	1,106,756	778,367
Total temporarily impaired securities, Duration of Unrealized Loss Position, Unrealized Loss	81,625	14,959
Obligations of U.S. government corporations and agencies [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	152,407	73,810
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(11,201)	(918)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	8,503
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(1,769)
Available-for-sale securities, Total, Fair Value	160,910	73,810
Available-for-sale securities, Total, Unrealized Loss	(12,970)	(918)
Mortgage-Backed Securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	134,953	167,379
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(9,319)	(2,048)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	61,098	13,689
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(5,771)	(333)
Available-for-sale securities, Total, Fair Value	196,051	181,068
Available-for-sale securities, Total, Unrealized Loss	(15,090)	(2,381)
Collateralized mortgage obligations [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	300,681	222,134
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(20,737)	(4,736)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	4,847
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(385)
Available-for-sale securities, Total, Fair Value	305,528	222,134
Available-for-sale securities, Total, Unrealized Loss	(21,122)	(4,736)
Corporate bonds [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	60,809	24,173
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(1,786)	(270)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	1,212	504
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(48)	(5)
Available-for-sale securities, Total, Fair Value	62,021	24,677
Available-for-sale securities, Total, Unrealized Loss	(1,834)	(275)
Obligations of state and political subdivisions [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	125,688	99,199
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(13,129)	(3,355)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	73,619	34,548
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(13,092)	(1,675)
Available-for-sale securities, Total, Fair Value	199,307	133,747
Available-for-sale securities, Total, Unrealized Loss	(26,221)	(5,030)
Asset-backed securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	167,305	140,226
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(4,255)	(1,589)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	15,634	2,705
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(133)	(30)
Available-for-sale securities, Total, Fair Value	182,939	142,931
Available-for-sale securities, Total, Unrealized Loss	$ (4,388)	$ (1,619)

Loans - Loans receivable (Detai

Loans - Loans receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Real Estate:
Real Estate	$ 4,601,238	$ 4,480,630
Other Loans:
Loans before deferred loan origination fees and costs	5,905,261	5,767,039
Deduct:
Undisbursed construction loan funds	(525,545)	(477,890)
Net deferred loan origination fees and costs	(8,615)	(7,019)
Allowance for credit losses	(67,195)	(66,468)	$ (74,754)	$ (82,079)
Total loans	5,321,136	5,229,700
Other Loan [Member]
Other Loans:
Total loans	1,304,023	1,286,409
Residential Real Estate [Member]
Real Estate:
Real Estate	1,222,057	1,167,466
Commercial Real Estate [Member]
Real Estate:
Real Estate		2,450,349
Construction Loans [Member]
Real Estate:
Real Estate	883,712	862,815
Commercial [Member]
Real Estate:
Real Estate	2,495,469
Other Loans:
Total loans	910,553	895,638
Deduct:
Allowance for credit losses	(13,821)	(13,410)	(12,191)	(11,665)
Home Equity and Improvement [Member]
Other Loans:
Total loans	261,176	264,354
Consumer Finance [Member]
Other Loans:
Total loans	132,294	126,417
Deduct:
Allowance for credit losses	$ (1,001)	$ (1,405)	$ (1,826)	$ (1,983)

Loans - Additional Information

Loans - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021	Dec. 31, 2021
Cash paid for paycheck protection program	$ 636,900,000
Anticipated credit losses	626,000	$ (7,514,000)
Loans and Leases Receivable, Loans in Process	525,545,000			$ 477,890,000
Scenario Plan [Member]
Anticipated credit losses	5,300,000
Subsequently Defaulted [Member]
Financing Receivable, Allowance for Credit Losses, Period Increase (decrease)	0
TDRs [Member]
Financing Receivable, Modifications, Recorded Investment	10,600,000			11,900,000
Specified Reserves, Provision for Troubled Debt Restructurings	358,000,000			378,000,000
Loans and Leases Receivable, Impaired, Commitment to Lend	319,000			348,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	4,300,000
Financing Receivable, Allowance for Credit Losses, Period Increase (decrease)	1,000,000	$ 6,000,000
TDRs [Member] | Minimum [Member]
Loans receivable deferred	$ 0			0
TDRs [Member] | Minimum [Member] | COVID-19 [Member]
Loan modification payment term for either interest only deferral or principal and interest deferral			1 month
TDRs [Member] | Maximum [Member] | COVID-19 [Member]
Loan modification payment term for either interest only deferral or principal and interest deferral	9 months
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Loans in Process	$ 4,100,000			3,300,000
Other Loans [Member] | Commercial [Member]
PPP loans	18,700,000			$ 58,900,000
Unfunded Loan Commitments [Member]
Unfunded loan commitments	$ 1,500,000,000

Loans - Schedule of allowance f

Loans - Schedule of allowance for credit loss (ACL) activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	$ 66,468	$ 82,079
Charge-Offs	289	109
Recoveries	390	298
Provisions	626	(7,514)
Ending Allowance	67,195	74,754
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	13,410	11,665
Charge-Offs	10	70
Recoveries	102	198
Provisions	319	398
Ending Allowance	13,821	12,191
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	1,405	1,983
Charge-Offs	103	36
Recoveries	114	27
Provisions	(415)	(148)
Ending Allowance	1,001	1,826
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	12,029	17,534
Charge-Offs	140
Recoveries	81	8
Provisions	(330)	(34)
Ending Allowance	11,640	17,508
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	32,399	43,417
Charge-Offs	7
Recoveries	59	36
Provisions	1,750	(8,181)
Ending Allowance	34,201	35,272
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	3,004	2,741
Charge-Offs
Recoveries
Provisions	(391)	35
Ending Allowance	2,613	2,776
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	4,221	4,739
Charge-Offs	29	3
Recoveries	34	29
Provisions	(307)	416
Ending Allowance	$ 3,919	$ 5,181

Loans - Summary of Amortized Co

Loans - Summary of Amortized Cost Basis of Collateral-dependent Loans by Class of Loans and Collateral Type (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 5,321,136	$ 5,229,700
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	19,243	20,199
Equipment and Machinery [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		160
Inventory and Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	13,711	14,023
Vehicles [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	21	25
Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	32,975	34,407
Real Estate Loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	78
Real Estate Loans [Member] | Real Estate [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		226
Real Estate Loans [Member] | Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		18,399
Real Estate Loans [Member] | Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	17,592
Real Estate Loans [Member] | Collateral Pledged [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	78	226
Real Estate Loans [Member] | Collateral Pledged [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	17,592	18,399
Other Loans [Member] | Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,573
Other Loans [Member] | Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		1,574
Other Loans [Member] | Equipment and Machinery [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		160
Other Loans [Member] | Inventory and Receivables [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	13,711
Other Loans [Member] | Inventory and Receivables [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		14,023
Other Loans [Member] | Vehicles [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	21
Other Loans [Member] | Vehicles [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		25
Other Loans [Member] | Collateral Pledged [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 15,305	$ 15,782

Loans - Schedule of Non-Perform

Loans - Schedule of Non-Performing Loans and Real Estate Owned (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans And Leases Receivable Net Reported Amount [Abstract]
Non-accrual loans with reserve	$ 32,930	$ 35,480
Non-accrual loans without reserve	14,368	12,534
Total non-performing loans	47,298	48,014
Real estate and other assets held for sale	253	171
Total non-performing assets	47,551	48,185
Troubled debt restructuring, still accruing	$ 6,287	$ 7,768

Loans - Schedule of Financing R

Loans - Schedule of Financing Receivables, Non Accrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 44,077	$ 38,683
Total Non-Accrual	47,298	48,014
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,344,254	5,257,485
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	13,686	3,603
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,968	10,200
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	25,423	24,880
Real Estate Loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	11,288	13,061
Total Non-Accrual	9,280	9,034
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,202,041	1,144,533
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	307	234
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,327	5,340
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	7,654	7,487
Real Estate Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	8,614	8,111
Total Non-Accrual	14,423	14,621
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,486,865	2,439,552
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	549	96
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	6	847
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	8,059	7,168
Real Estate Loans [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	1,789
Total Non-Accrual	0	0
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	358,167	383,136
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	1,746
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Other Loans [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	11,307	944
Total Non-Accrual	11,386	11,531
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	890,418	884,025
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	10,371	42
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		35
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	936	867
Other Loans [Member] | Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,861	3,893
Total Non-Accrual	2,171	2,051
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	255,180	257,055
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	756	1,851
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	334	408
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,771	1,634
Other Loans [Member] | Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,087	3,659
Total Non-Accrual	2,100	1,873
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	129,659	124,073
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,530	1,112
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	598	819
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,959	1,728
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,920	7,226
Total Non-Accrual	7,938	8,904
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	21,924	25,111
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	173	225
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	703	1,005
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 5,044	$ 5,996

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings on Financing Receivables (Details) - TDRs [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)Loan	Mar. 31, 2021USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	3	5
Troubled Debt Restructurings, Recorded Investment | $	$ 272	$ 859
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	1	2
Troubled Debt Restructurings, Recorded Investment | $	$ 252	$ 150
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan		3
Troubled Debt Restructurings, Recorded Investment | $		$ 709
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	2
Troubled Debt Restructurings, Recorded Investment | $	$ 20

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 5,388,331	$ 5,296,168
Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	5,212,559	5,097,203
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	115,501	129,430
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	60,271	69,535
Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	60,271	69,535
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,213,329	1,157,594
Residential Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,202,103	1,146,212
Residential Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,295	1,316
Residential Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	9,931	10,066
Residential Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	9,931	10,066
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,495,479	2,447,663
Commercial Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,376,266	2,324,846
Commercial Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	93,550	93,676
Commercial Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	25,663	29,141
Commercial Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	25,663	29,141
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	358,167	384,925
Construction Loans [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	358,167	365,403
Construction Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net		19,522
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	901,725	884,969
Commercial [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	869,383	856,402
Commercial [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	20,558	14,815
Commercial [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	11,784	13,752
Commercial [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	11,784	13,752
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	258,041	260,948
Home Equity and Improvement [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	255,883	258,914
Home Equity and Improvement [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,158	2,034
Home Equity and Improvement [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,158	2,034
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	27,844	32,337
PCD [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	19,110	19,547
PCD [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	98	101
PCD [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	8,636	12,689
PCD [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	8,636	12,689
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	133,746	127,732
Consumer Finance [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	131,647	125,879
Consumer Finance [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,099	1,853
Consumer Finance [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 2,099	$ 1,853

Loans - Schedule of Amortized C

Loans - Schedule of Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Total	$ 5,388,331	$ 5,296,168
Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	87,717	219,471
Year 1	248,371	374,409
Year 2	357,004	113,979
Year 3	105,774	66,550
Year 4	60,967	73,948
Prior	351,102	306,366
Revolving Loans	2,394	2,871
Total	1,213,329	1,157,594
Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	120,020	514,799
Year 1	511,697	499,494
Year 2	513,890	398,570
Year 3	365,254	247,314
Year 4	250,447	287,767
Prior	722,039	489,440
Revolving Loans	12,132	10,279
Total	2,495,479	2,447,663
Construction [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	196,348	198,221
Year 1	86,533	113,106
Year 2	53,706	55,707
Year 3		16,035
Year 4	727	1,711
Prior		145
Revolving Loans	20,853
Total	358,167	384,925
Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	69,946	293,780
Year 1	240,629	146,433
Year 2	137,763	88,785
Year 3	78,339	47,981
Year 4	42,252	25,921
Prior	40,425	21,832
Revolving Loans	292,371	260,237
Total	901,725	884,969
Home Equity and Improvement [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	3,622	24,722
Year 1	23,965	6,870
Year 2	6,444	4,895
Year 3	4,295	2,927
Year 4	2,561	5,561
Prior	35,798	32,007
Revolving Loans	181,356	183,966
Total	258,041	260,948
Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	21,501	50,398
Year 1	44,777	26,573
Year 2	24,237	23,619
Year 3	20,676	9,772
Year 4	8,002	4,380
Prior	5,614	2,900
Revolving Loans	8,939	10,090
Total	133,746	127,732
PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		237
Year 3	216	1,781
Year 4	1,759	5,102
Prior	19,691	19,087
Revolving Loans	6,178	6,130
Total	27,844	32,337
Pass [Member] | Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	87,717	219,006
Year 1	247,594	373,439
Year 2	355,860	112,781
Year 3	104,958	65,544
Year 4	59,789	71,794
Prior	344,704	301,735
Revolving Loans	1,481	1,913
Total	1,202,103	1,146,212
Pass [Member] | Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	117,640	514,333
Year 1	511,210	493,575
Year 2	513,331	388,117
Year 3	358,355	230,734
Year 4	228,407	237,712
Prior	636,090	451,113
Revolving Loans	11,233	9,262
Total	2,376,266	2,324,846
Pass [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	67,089
Year 1	240,506
Year 2	125,299
Year 3	74,398
Year 4	41,778
Prior	34,471
Revolving Loans	285,842
Pass [Member] | Construction [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	196,348	198,221
Year 1	86,533	100,606
Year 2	53,706	55,707
Year 3		10,039
Year 4	727	685
Prior		145
Revolving Loans	20,853
Total	358,167	365,403
Pass [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		293,644
Year 1		132,703
Year 2		84,668
Year 3		47,421
Year 4		24,269
Prior		17,038
Revolving Loans		256,659
Total	869,383	856,402
Pass [Member] | Home Equity and Improvement [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	3,622	24,707
Year 1	23,965	6,870
Year 2	6,444	4,867
Year 3	4,267	2,879
Year 4	2,524	5,534
Prior	35,008	31,317
Revolving Loans	180,053	182,740
Total	255,883	258,914
Pass [Member] | Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	21,501	50,202
Year 1	44,590	25,866
Year 2	23,257	23,000
Year 3	19,959	9,643
Year 4	7,877	4,313
Prior	5,528	2,769
Revolving Loans	8,935	10,086
Total	131,647	125,879
Pass [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		170
Year 3	163	1,753
Year 4	1,733	1,860
Prior	13,739	12,496
Revolving Loans	3,475	3,268
Total	19,110	19,547
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total	115,501	129,430
Special Mention [Member] | Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1		190
Year 2	187
Year 3	37
Year 4		59
Prior	158	109
Revolving Loans	913	958
Total	1,295	1,316
Special Mention [Member] | Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	2,380	294
Year 1	292	5,349
Year 2		5,533
Year 3	2,111	11,055
Year 4	17,094	49,993
Prior	71,000	20,662
Revolving Loans	673	790
Total	93,550	93,676
Special Mention [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	2,857
Year 2	2,117
Year 3	3,919
Year 4	225
Prior	5,738
Revolving Loans	5,702
Special Mention [Member] | Construction [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1		12,500
Year 3		5,996
Year 4		1,026
Total		19,522
Special Mention [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1		2,180
Year 2		4,094
Year 3		272
Year 4		1,264
Prior		4,663
Revolving Loans		2,342
Total	20,558	14,815
Special Mention [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3		0
Year 4		0
Prior	98	101
Revolving Loans		0
Total	98	101
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total	60,271	69,535
Substandard [Member] | Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		465
Year 1	777	780
Year 2	957	1,198
Year 3	779	1,006
Year 4	1,178	2,095
Prior	6,240	4,522
Total	9,931	10,066
Substandard [Member] | Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		172
Year 1	195	570
Year 2	559	4,920
Year 3	4,788	5,525
Year 4	4,946	62
Prior	14,949	17,665
Revolving Loans	226	227
Total	25,663	29,141
Substandard [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1	123
Year 2	10,347
Year 3	22
Year 4	249
Prior	216
Revolving Loans	827
Substandard [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		136
Year 1		11,550
Year 2		23
Year 3		288
Year 4		388
Prior		131
Revolving Loans		1,236
Total	11,784	13,752
Substandard [Member] | Home Equity and Improvement [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		15
Year 2		28
Year 3	28	48
Year 4	37	27
Prior	790	690
Revolving Loans	1,303	1,226
Total	2,158	2,034
Substandard [Member] | Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		196
Year 1	187	707
Year 2	980	619
Year 3	717	129
Year 4	125	67
Prior	86	131
Revolving Loans	4	4
Total	2,099	1,853
Substandard [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		67
Year 3	53	28
Year 4	26	3,242
Prior	5,854	6,490
Revolving Loans	2,703	2,862
Total	$ 8,636	$ 12,689

Loans - Summary of Credit Loss

Loans - Summary of Credit Loss Estimation (Details)	3 Months Ended
	Mar. 31, 2022
Residential Portfolio Segment [Member] | Real Estate [Member] | 1-4 Family Nonowner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Residential real estate
Loan Pool	1-4 Family nonowner occupied
Methodology	DCF
Loss Drivers	National unemployment
Residential Portfolio Segment [Member] | Real Estate [Member] | 1-4 Family Owner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Loan Pool	1-4 Family owner occupied
Methodology	DCF
Loss Drivers	National unemployment
Commercial Real Estate [Member] | Real Estate [Member] | Commercial Real Estate Nonowner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Commercial real estate nonowner occupied
Methodology	DCF
Loss Drivers	National unemployment
Commercial Real Estate [Member] | Real Estate [Member] | Commercial Real Estate Owner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Commercial real estate owner occupied
Methodology	DCF
Loss Drivers	National unemployment
Commercial Real Estate [Member] | Real Estate [Member] | Multi Family [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Multi Family
Methodology	DCF
Loss Drivers	National unemployment
Commercial Real Estate [Member] | Real Estate [Member] | Agriculture Land [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Agriculture Land
Methodology	DCF
Loss Drivers	National unemployment
Commercial Real Estate [Member] | Real Estate [Member] | Commercial Loans Other [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Other commercial real estate
Methodology	DCF
Loss Drivers	National unemployment
Construction Portfolio Segment [Member] | Real Estate [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Construction secured by real estate
Loan Pool	Construction Other
Methodology	PD/LGD
Loss Drivers	Call report loss history
Commercial Loan Portfolio Segment [Member] | Other Loans [Member] | Commercial Loans Other [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Other commercial
Methodology	PD/LGD
Loss Drivers	Call report loss history
Commercial Loan Portfolio Segment [Member] | Other Loans [Member] | Commercial Working Capital [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Commercial working capital
Methodology	PD/LGD
Loss Drivers	Call report loss history
Commercial Loan Portfolio Segment [Member] | Other Loans [Member] | Agriculture Production [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Agriculture production
Methodology	PD/LGD
Loss Drivers	Call report loss history
Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member] | Home Equity and Improvement [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Home equity and improvement
Loan Pool	Home equity and improvement
Methodology	PD/LGD
Loss Drivers	Call report loss history
Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loan Pool	Consumer indirect
Methodology	DCF
Loss Drivers	National unemployment
Consumer Finance [Member] | Other Loans [Member] | Consumer Finance [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Consumer finance
Loan Pool	Consumer direct
Methodology	Remaining life
Loss Drivers	Call report loss history

Loans - Schedule of Outstanding

Loans - Schedule of Outstanding Balance and Related Allowance on Loans (Details) - Loan Purchase [Member] - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loan Balance	$ 27,844	$ 32,337
ACL Balance	1,586	2,040
Real Estate [Member]
Loan Balance	15,666	19,274
ACL Balance	227	348
Real Estate [Member] | Residential [Member]
Loan Balance	12,520	13,396
ACL Balance	176	197
Real Estate [Member] | Commercial Real Estate [Member]
Loan Balance	3,146	5,878
ACL Balance	51	151
Other Loans [Member]
Loan Balance	12,178	13,063
ACL Balance	1,359	1,692
Other Loans [Member] | Commercial [Member]
Loan Balance	8,595	9,167
ACL Balance	1,211	1,531
Other Loans [Member] | Home Equity and Improvement [Member]
Loan Balance	3,135	3,405
ACL Balance	139	154
Other Loans [Member] | Consumer Finance [Member]
Loan Balance	448	491
ACL Balance	$ 9	$ 7

Mortgage Banking - Net revenues

Mortgage Banking - Net revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Mortgage Banking [Abstract]
Mortgage banking gain, net	$ 2,543	$ 5,640
Mortgage loans servicing revenue (expense):
Mortgage loans servicing revenue	1,879	1,917
Amortization of mortgage servicing rights	(1,403)	(2,344)
Mortgage servicing rights valuation adjustments	1,233	5,320
Mortgage loans servicing revenue (expense), Total	1,709	4,893
Net revenue from sale and servicing of mortgage loans	$ 4,252	$ 10,533

Mortgage Banking - Additional i

Mortgage Banking - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Mortgage Banking [Abstract]
Residential Mortgage Loans, Unpaid Balance	$ 2,940,000	$ 2,940,000
Expenses (credit) relating to secondary market buy-back activity	$ 0

Mortgage Banking - Capitalized

Mortgage Banking - Capitalized Mortgage and Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Mortgage servicing assets:
Balance at beginning of period	$ 22,244	$ 21,666
Loans sold, servicing retained	1,348	2,374
Amortization	(1,403)	(2,344)
Carrying value before valuation allowance at end of period	22,189	21,696
Valuation allowance:
Balance at beginning of period	(2,707)	(8,513)
Impairment recovery (charges)	1,233	5,320
Balance at end of period	(1,474)	(3,193)
Net carrying value of MSRs at end of period	20,715	18,503
Fair value of MSRs at end of period	$ 25,996	$ 18,695

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Lessee Lease Description [Line Items]
Option extensions	true
Operating lease, option to extend	five and ten year
Operating lease, weighted average remaining lease term	13 years 8 months 19 days		14 years 2 months 15 days
Operating lease, weighted average discount rate	2.55%		2.57%
Operating Lease, Cost	$ 542,000	$ 664,000
Operating Lease, Right-of-Use Asset	$ 15,600		$ 15,400
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets		Other assets
Operating Lease, Liability	$ 16,347		$ 16,100
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities
Minimum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, Renewal Term	5 years
Maximum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, Renewal Term	10 years

Leases - Schedule of Undiscount

Leases - Schedule of Undiscounted Cash Flows Included in Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Remainder of 2022	$ 2,526
2023	2,023
2024	1,632
2025	1,408
2026	1,173
Thereafter	11,772
Total undiscounted minimum lease payment	20,534
Present value adjustment	(4,187)
Operating Lease, Liability	$ 16,347	$ 16,100

Deposits - Summary of Deposit B

Deposits - Summary of Deposit Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Non-interest-bearing checking accounts	$ 1,733,157	$ 1,724,772
Interest-bearing checking and money market accounts	3,029,260	2,952,705
Savings deposits	830,143	804,451
Retail certificates of deposit less than $250,000	586,967	636,477
Retail certificates of deposit greater than $250,000	137,708	163,646
Total	$ 6,317,235	$ 6,282,051

Borrowings - Schedule of Bank L

Borrowings - Schedule of Bank Line of Credit Advance, Junior Subordinated Debentures and Subordinated Debentures (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Junior subordinated debentures owed to unconsolidated subsidiary trusts	$ 36,083	$ 36,083
Subordinated debentures	48,925	48,893
First Defiance Statutory Trusts I [Member]
Debt Instrument [Line Items]
Junior subordinated debentures owed to unconsolidated subsidiary trusts	20,619	20,619
First Defiance Statutory Trusts II [Member]
Debt Instrument [Line Items]
Junior subordinated debentures owed to unconsolidated subsidiary trusts	$ 15,464	$ 15,464

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Sep. 30, 2020	Dec. 31, 2021
Debt Instrument [Line Items]
Advances from the Federal Home Loan Bank	$ 150,000
Period for Interest Deferral on Trust Preferred Securities	5 years
Premier Statutory Trust II [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Subordinated Long-term Debt	$ 15,500
Proceeds from Issuance of Trust Preferred Securities	$ 15,000
Coupon Rate on Preferred Securities, Period End	2.33%		1.70%
Preferred Securities Variable Interest Rate	LIBOR rate plus 1.5%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Description	The Trust Preferred Securities and Subordinated Debentures mature on September 15, 2037, but can be redeemed at the Company’s option at any time now.
Premier Statutory Trust I [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Subordinated Long-term Debt	$ 20,600
Proceeds from Issuance of Trust Preferred Securities	$ 20,000
Coupon Rate on Preferred Securities, Period End	2.21%		1.58%
Preferred Securities Variable Interest Rate	LIBOR rate plus 1.38%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Description	The Trust Preferred Securities and Subordinated Debentures mature on December 15, 2035, but can be redeemed at the Company’s option at any time now.
Subordinated Debt [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 50,000
Subordinated notes, due date		Sep. 30, 2030
Subordinated notes, fixed Interest rate		4.00%
Subordinated notes, fixed interest rate, period		5 years
Basis spread on variable rate		3.885%
Proceeds from Issuance of Subordinated Long-term Debt		$ 48,700
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Advances from the Federal Home Loan Bank	$ 150,000		$ 0

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingent Liabilities - Maximum obligation to extend credit (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments to make loans	$ 1,154,525	$ 1,175,916
Unused lines of credit	1,007,302	626,348
Standby letters of credit	13,319	10,851
Total	$ 2,175,146	$ 1,813,115

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingent Liabilities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies Disclosure [Abstract]
Loan Commitments Maturities Range Description	60 days or less

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Current:
Federal	$ 5,814	$ 6,362
State and local	163	163
Deferred	193	3,427
Income Tax Expense (Benefit)	$ 6,170	$ 9,952

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Tax expense (benefit) at statutory rate (21%)	$ 6,830	$ 10,699
Increases (decreases) in taxes from:
State income tax - net of federal tax benefit	128	128
Tax exempt interest income, net of TEFRA	(186)	(200)
Bank owned life insurance	(209)	(245)
Captive insurance	(105)	(90)
Other	(288)	(340)
Income Tax Expense (Benefit)	$ 6,170	$ 9,952

Income Taxes - Schedule of Ef_2

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Parenthetical) - (Details)	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Derivatives Fair Value [Line Items]
Interest Rate Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net	$ 27,300		$ 65,400
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments	337,000		305,000
Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments	82,600		69,400
Noninterest income expense	1,000	$ 198,000
Interest Rate Swaps [Member] | Cash Flow Hedge [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate derivative instruments designated as cash flow hedge	250,000
Other Assets [Member] | Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative assets	2,300		1,300
Other Assets [Member] | Interest Rate Swaps [Member] | Cash Flow Hedge [Member]
Derivatives Fair Value [Line Items]
Aggregate fair value of interest rate cash flow hedge	16,200		854,000
Other Liabilities [Member] | Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative liabilities	$ 2,300		$ 1,300

Derivative Financial Instrume_4

Derivative Financial Instruments - Carrying values (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives Assets, Carrying Value	$ 9,923	$ 2,336

Derivative Financial Instrume_5

Derivative Financial Instruments - Amount of gains and losses recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives – Gain (Loss)	$ 7,587	$ 4,124

Derivative Financial Instrume_6

Derivative Financial Instruments - Summary of Interest Rate Swap Designated as Cash Flow Hedge (Details) - Interest Rate Swaps [Member] - Designated as Cash Flow Hedge [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional amount	$ 250,000	$ 250,000
Weighted average fixed receive rates	1.437%	1.437%
Weighted average remaining maturity (in years)	9 years	9 years 3 months 18 days
Fair value	$ (16,180)	$ 854
1-Month LIBOR
Derivative [Line Items]
Weighted average variable 1-month LIBOR pay rates	0.438%	0.089%

Other Comprehensive (Loss) In_3

Other Comprehensive (Loss) Income - Reclassification adjustments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Securities available for sale and transferred securities: Before Tax Amount
Change in net unrealized gain/loss during the period	$ (74,193)	$ (19,112)
Reclassification adjustment for net gains (losses) included in net income	0	(516)
Total other comprehensive gain (loss)	(91,227)	(19,628)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period, Before tax	(16,241)
Reclassification adjustment for net gains included in net income, Before tax	(793)
Change in net unrealized gain/loss during the period, Tax (expense) benefit	3,411
Reclassification adjustment for net gains included in net income, Tax (expense) benefit	167
Total other comprehensive gain (loss)	19,158	4,122
Change in net unrealized gain/loss during the period, Net of tax	(12,830)
Reclassification adjustment for net gains included in net income, Net of tax	(626)
Total other comprehensive income (loss)	(72,069)	(15,506)
Securities available for sale and transferred securities: Tax (Expense) Benefit
Change in net unrealized gain/loss during the period	15,580	4,014
Reclassification adjustment for net gains (losses) included in net income		108
Total other comprehensive gain (loss)	19,158	4,122
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	(58,613)	(15,098)
Reclassification adjustment for net gains (losses) included in net income		(408)
Total other comprehensive income (loss)	$ (72,069)	$ (15,506)

Other Comprehensive (Loss) In_4

Other Comprehensive (Loss) Income - Activity in AOCI, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Securities Available For Sale, Beginning balance	$ (4,023)	$ 15,083
Securities Available For Sale, Other comprehensive income/(loss) before reclassifications	(58,613)	(15,098)
Securities Available For Sale, Amounts reclassified from accumulated other comprehensive income	0	(408)
Securities Available For Sale, Net other comprehensive income/(loss) during period	(58,613)	(15,506)
Securities Available For Sale, Ending balance	(62,636)	(423)
Post-retirement Benefit, Beginning balance	(79)	(79)
Post-retirement Benefit, Ending balance	(79)	(79)
Cash Flow hedge Derivatives, Beginning balance	674
Cash Flow Hedge Derivatives, Other comprehensive income/(loss) before reclassifications	(12,830)
Cash Flow Hedge Derivatives, Amounts reclassified from accumulated other comprehensive income	(626)
Net of tax amount	(13,456)
Cash Flow hedge Derivatives, Ending balance	(12,782)
Accumulated Other Comprehensive Income (Loss), Beginning balance	(3,428)	15,004
Accumulated Other Comprehensive Income (Loss), Other comprehensive income/(loss) before reclassifications	(71,443)	(15,098)
Accumulated Other Comprehensive Income (Loss), Amounts reclassified from accumulated other comprehensive income	(626)	(408)
Accumulated Other Comprehensive Income (loss), Net other comprehensive income/(loss) during period	(72,069)	(15,506)
Accumulated Other Comprehensive Income (Loss), Ending balance	$ (75,497)	$ (502)

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill	$ 317,948	$ 317,948

Business Combinations - Schedul

Business Combinations - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	$ 317,948	$ 317,948