Premier Financial (PFC) 10-Q 5 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 02, 2022
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 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		35,564,122
Entity Central Index Key	0000946647
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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	Jun. 30, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and amounts due from depository institutions	$ 62,080	$ 54,858
Interest-bearing deposits	72,314	106,708
Cash and cash equivalents, federal funds sold	134,394	161,566
Securities available-for-sale, carried at fair value	1,140,466	1,206,260
Equity securities, carried at fair value	13,293	14,097
Loans held for sale, carried at fair value	145,092	162,947
Loans receivable, net of allowance for credit losses of $72,376 at June 30, 2022 and $66,468 at December 31, 2021, respectively	5,823,749	5,229,700
Mortgage servicing rights	20,693	19,538
Accrued interest receivable	22,533	20,767
Federal Home Loan Bank stock	23,991	11,585
Bank owned life insurance	168,746	166,767
Premises and equipment	54,060	55,602
Real estate and other assets held for sale	462	171
Goodwill	317,948	317,948
Core deposit and other intangibles	21,311	24,129
Other assets	123,886	90,325
Total assets	8,010,624	7,481,402
Liabilities:
Deposits	6,516,344	6,282,051
Advances from the Federal Home Loan Bank	380,000	0
Subordinated debentures	85,039	84,976
Advance payments by borrowers	40,344	24,716
Reserve for credit losses - unfunded commitments	6,755	5,031
Other liabilities	80,995	61,132
Total liabilities	7,109,477	6,457,906
Stockholders’ equity:
Preferred stock, $.01 par value per share: 4,963,000 shares authorized; no shares issued	0	0
Common stock, $.01 par value per share: 50,000,000 shares authorized; 43,297,260 and 43,297,260 shares issued and 035,555,478 and 36,383,613 shares outstanding at June 30, 2022 and December 31, 2021, respectively	306	306
Additional paid-in capital	690,905	691,132
Accumulated other comprehensive income, net of tax of $(33,694) and $(912), respectively	(126,754)	(3,428)
Retained earnings	470,779	443,517
Treasury stock, at cost, 7,741,782 shares at June 30, 2022 and 6,913,647 shares at December 31, 2021	134,089	108,031
Total stockholders’ equity	901,147	1,023,496
Total liabilities and stockholders’ equity	$ 8,010,624	$ 7,481,402

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans receivable, allowance (in dollars)	$ 67,074	$ 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	35,555,478	36,383,613
Accumulated other comprehensive income, tax effect (in dollars)	$ (33,694)	$ (912)
Treasury stock, shares	7,741,782	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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest Income
Loans	$ 56,567,000	$ 55,772,000	$ 111,808,000	$ 113,338,000
Investment securities:
Taxable	5,328,000	3,939,000	9,938,000	6,720,000
Non-taxable	869,000	1,055,000	1,738,000	1,954,000
Interest-bearing deposits	120,000	42,000	166,000	108,000
FHLB stock dividends	174,000	56,000	233,000	115,000
Total interest income	63,058,000	60,864,000	123,883,000	122,235,000
Interest Expense
Deposits	2,671,000	3,559,000	4,893,000	7,723,000
FHLB advances and other	527,000	12,000	540,000	12,000
Subordinated debentures	763,000	674,000	1,459,000	1,369,000
Notes payable	1,000	0	1,000	0
Total interest expense	3,962,000	4,245,000	6,893,000	9,104,000
Net interest income	59,096,000	56,619,000	116,990,000	113,131,000
Credit loss expense (benefit) - loans and leases	5,151,000	(3,631,000)	5,777,000	(11,145,000)
Credit loss expense - unfunded commitments	1,415,000	(288,000)	1,724,000	263,000
Net interest income after credit (benefit) loss expense	52,530,000	60,538,000	109,489,000	124,013,000
Non-interest Income
Service fees and other charges	6,676,000	6,282,000	12,676,000	11,751,000
Insurance commissions	4,334,000	4,059,000	8,973,000	8,940,000
Mortgage banking income	1,948,000	2,157,000	6,200,000	12,691,000
Gain on sale of securities available for sale	0	1,469,000	0	1,985,000
Gain (loss) on equity securities	(1,161,000)	(808,000)	(1,804,000)	802,000
Wealth management income	1,414,000	1,566,000	2,891,000	3,322,000
Income from Bank Owned Life Insurance	983,000	859,000	1,979,000	2,028,000
Other non-interest income	171,000	1,700,000	313,000	1,859,000
Total non-interest income	14,365,000	17,284,000	31,228,000	43,378,000
Non-interest Expense
Compensation and benefits	22,334,000	21,046,000	47,875,000	43,044,000
Occupancy	3,494,000	3,837,000	7,194,000	7,949,000
FDIC insurance premium	802,000	522,000	1,395,000	1,420,000
Financial institutions tax	1,074,000	1,177,000	2,265,000	2,367,000
Data processing	3,442,000	3,334,000	6,777,000	6,716,000
Amortization of intangibles	1,380,000	1,575,000	2,818,000	3,197,000
Other non-interest expense	6,563,000	6,623,000	12,060,000	12,043,000
Total non-interest expense	39,089,000	38,114,000	80,384,000	76,736,000
Income before income taxes	27,806,000	39,708,000	60,333,000	90,655,000
Income tax expense	5,446,000	8,323,000	11,616,000	18,274,000
Net income	$ 22,360,000	$ 31,385,000	$ 48,717,000	$ 72,381,000
Earnings per common share
Basic	$ 0.63	$ 0.84	$ 1.36	$ 1.94
Diluted	$ 0.63	$ 0.84	$ 1.36	$ 1.94

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 22,360	$ 31,385	$ 48,717	$ 72,381
Other comprehensive (loss) income:
Unrealized (losses) gains on securities available for sale	(53,212)	11,985	(127,405)	(7,127)
Reclassification adjustment for securities gains (losses) included in net income		(1,469)		(1,985)
Income tax effect	11,174	(2,208)	26,754	1,914
Net of tax amount	(42,038)	8,308	(100,651)	(7,198)
Unrealized gain (loss) on balance sheet swap	(13,710)	4,434	(29,951)	4,434
Reclassification adjustment for cash flow hedge derivatives gain included in net income	2,041	(450)	1,248	(450)
Income tax effect	2,450	(837)	6,028	(837)
Net of tax amount	(9,219)	3,147	(22,675)	3,147
Total other comprehensive income (loss)	(51,257)	11,455	(123,326)	(4,051)
Comprehensive income (loss)	$ (28,897)	$ 42,840	$ (74,609)	$ 68,330

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	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, 2020	982,276	$ 306	689,390	15,004	356,414	(78,838)
Balance (in shares) at Dec. 31, 2020		37,291,480
Net income	72,381
Other comprehensive income (loss)	(4,051)
Balance at Jun. 30, 2021	1,027,703	$ 306	689,785	10,953	410,153	(83,494)
Balance (in shares) at Jun. 30, 2021		37,177,605
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
Net income	31,385				31,385
Other comprehensive income (loss)	11,455			11,455
Deferred compensation plan			(26)			26
Stock based compensation expenses	656		656
Vesting of incentive plans			(291)			291
Vesting of incentive plans (in shares)		21,834
Restricted share issuance			(301)			301
Restricted share issuance (in shares)		22,550
Restricted share forfeitures	(507)					(507)
Restricted share forfeitures (in shares)		(15,257)
Shares repurchased	(3,773)					(3,773)
Shares repurchased (In Shares)		(126,366)
Common stock dividend payment	(9,699)				(9,699)
Balance at Jun. 30, 2021	1,027,703	$ 306	689,785	10,953	410,153	(83,494)
Balance (in shares) at Jun. 30, 2021		37,177,605
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	26,357				26,357
Other comprehensive income (loss)	(72,069)			(72,069)
Deferred compensation plan			(14)			14
Deferred compensation plan (in shares)		9,933
Stock based compensation expenses	760		760
Vesting of incentive plans	0		(246)			246
Vesting of incentive plans (in shares)		5,660
Restricted share issuance	0		(351)			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
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	48,717
Other comprehensive income (loss)	(123,326)
Balance at Jun. 30, 2022	901,147	$ 306	690,905	(126,754)	470,779	(134,089)
Balance (in shares) at Jun. 30, 2022		35,555,478
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
Net income	22,360				22,360
Other comprehensive income (loss)	(51,257)			(51,257)
Deferred compensation plan			(14)			14
Stock based compensation expenses	157		157
Vesting of incentive plans			(167)			167
Vesting of incentive plans (in shares)		5,547
Restricted share issuance			(421)			421
Restricted share issuance (in shares)		24,256
Restricted share forfeitures	(118)					(118)
Restricted share forfeitures (in shares)		4,033
Shares repurchased	(2,623)					(2,623)
Shares repurchased (In Shares)		(90,870)
Common stock dividend payment	(10,668)				(10,668)
Balance at Jun. 30, 2022	$ 901,147	$ 306	$ 690,905	$ (126,754)	$ 470,779	$ (134,089)
Balance (in shares) at Jun. 30, 2022		35,555,478

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividend payment per share	$ 0.30	$ 0.30	$ 0.26	$ 0.24	$ 0.60	$ 0.50

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net income	$ 48,717,000	$ 72,381,000
Items not requiring (providing) cash:
Provision for credit losses	7,501,000	(10,882,000)
Depreciation	2,884,000	3,256,000
Amortization of premium and discounts on loans, securities, deposits and debt obligations	5,162,000	1,888,000
Amortization of mortgage servicing rights, net of impairment charges/recoveries	1,251,000	(575,000)
Amortization of intangibles	2,818,000	3,197,000
Change in deferred taxes	(606,000)	2,582,000
Proceeds from the sale of loans held for sale	187,315,000	467,067,000
Originations of loans held for sale	(168,157,000)	(440,523,000)
Mortgage banking gain, net	(3,710,000)	(8,311,000)
Loss (gain) on sale / write-down of real estate and other assets held for sale	(65,000)	(11,000)
Loss (gain) on sale of available for sale securities	0	(1,985,000)
Loss (gain) on equity securities	1,804,000	(802,000)
Stock based compensation expense	917,000	1,207,000
Restricted stock forfeitures for taxes and option exercises	(334,000)	(617,000)
Income from bank owned life insurance	(1,979,000)	(2,028,000)
Changes in:
Accrued interest receivable and other assets	(35,105,000)	(10,767,000)
Other liabilities	24,327,000	(10,101,000)
Net cash provided by (used by) operating activities	72,740,000	64,976,000
Investing Activities
Proceeds from maturities, calls and pay-downs of available-for-sale securities	56,756,000	81,930,000
Proceeds from sale of available-for-sale securities	0	105,064,000
Proceeds from sale of premises and equipment, real estate and other assets held for sale	309,000	209,000
Purchases of available-for-sale securities	(122,457,000)	(740,534,000)
Purchases of equity securities	(1,000,000)	(11,053,000)
Net change in Federal Home Loan Bank stock	(12,406,000)	3,279,000
Purchases of premises and equipment, net	(1,342,000)	(630,000)
Proceeds from bank owned life insurance	0	893,000
Net (increase) decrease in loans receivable	(601,854,000)	144,510,000
Net cash used by investing activities	(681,994,000)	(416,332,000)
Financing Activities
Net increase in deposits and advance payments by borrowers	250,405,000	242,091,000
Net change in Federal Home Loan Bank advances	380,000,000	105,000,000
Net cash paid for repurchase of common stock	(26,868,000)	(4,851,000)
Cash dividends paid on common stock	(21,455,000)	(18,642,000)
Net cash provided by financing activities	582,082,000	323,598,000
Increase (decrease) in cash and cash equivalents	(27,172,000)	(27,758,000)
Cash and cash equivalents at beginning of period	161,566,000	159,266,000
Cash and cash equivalents at end of period	134,394,000	131,508,000
Supplemental cash flow information:
Interest paid	6,707,000	9,176,000
Income taxes paid	$ 7,110,000	3,000
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		$ 120,000

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 (the "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. 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. 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. 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 ("2021 Form 10-K"). The accompanying consolidated condensed financial statements as of June 30, 2022, and for the three and six months ended June 30, 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 and six months ended June 30, 2022 , are not necessarily indicative of the results that may be expected for the entire year.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 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) 2020-04, "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 GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or other 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. The Company has also adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020, and has discontinued the issuance of new LIBOR-based loans since 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 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 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 such update. The Company is currently assessing the impacts of adopting the guidance.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 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 June 30, 2022 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 153,022 $ — $ 153,022 Mortgage-backed securities — 185,396 — 185,396 Collateralized mortgage obligations — 281,988 — 281,988 Asset-backed securities — 204,982 — 204,982 Corporate bonds — 70,912 — 70,912 Obligations of state and political subdivisions — 244,166 — 244,166 Equity securities 13,293 — — 13,293 Loans held for sale, at fair value — 28,077 117,015 145,092 Interest rate swaps — 3,338 — 3,338 Mortgage banking derivative — 1,851 — 1,851 Liabilities: Interest rate swaps — 3,338 — 3,338 Cash flow hedge derivative — 27,849 — 27,849 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 Cash flow hedge derivative — 854 — 854 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 and six months ended June 30, 2022 and 2021 . There were no securities that were measured at Level 3 for the three and six months ended June 30, 2022 and 2021. Construction loans held for sale Three Months Ended Six Months Ended 2022 2021 2022 2021 Balance of recurring Level 3 assets at beginning of period $ 116,484 $ 134,638 $ 134,167 $ 123,029 Total gains (losses) for the period Included in change in fair value of loans held for sale ( 6,331 ) 1,814 ( 19,790 ) ( 3,754 ) Originations 37,264 30,924 73,607 64,928 Sales ( 30,402 ) ( 18,717 ) ( 70,969 ) ( 35,544 ) Balance of recurring Level 3 assets at end of period $ 117,015 $ 148,659 $ 117,015 $ 148,659 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: June 30, 2022 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 117,015 Quoted market price Time discount using the 60 day forward contract 0.00 % - 1.21 % 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 June 30, 2022 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 4,646 $ 4,646 Commercial — — 5,666 5,666 Total individually analyzed loans $ — $ — $ 10,312 $ 10,312 Mortgage servicing rights $ — $ 20,693 $ — $ 20,693 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 June 30, 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- $ 6,282 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 30 % 16.08 % Individually analyzed Loans- $ 4,030 Equitable Recoupment claim estimate Discounts for collection issues 60 % 60.00 % 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 June 30, 2022 and December 31, 2021 was $ 28.1 million and $ 28.8 million, respectively, and they had a contractual balance of $ 28.4 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 and six months ended June 30, 2022 , $ 157,000 and ($ 1.3 ) million, respectively, were recorded in gains on the sale of loans held for sale for the change in fair value. For the three and six months ended June 30, 2021 , $ 1.0 million and ($ 3.3 ) million were 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 June 30, 2022 and December 31, 2021 , was $ 117.0 million and $ 134.2 million, respectively, and they had a contractual balance of $ 127.6 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 and six months ended June 30, 2022 , $ 6.3 million and $ 19.8 million, respectively, were recorded in losses on the sale of loans held for sale for the change in fair value. For the three and six months ended June 30, 2021 , $ 1.8 million and ($ 3.8 ) million, respectively, were recorded in gains 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 June 30, 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 June 30, 2022. The carrying value and estimated fair values of financial instruments at June 30, 2022 and December 31, 2021, were as follows: Fair Value Measurements at June 30, 2022 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 62,080 $ 62,080 $ 62,080 $ — $ — Securities available for sale 1,140,466 1,140,466 — 1,140,466 — Equity securities 13,293 13,293 13,293 — — Federal Home Loan Bank Stock 23,991 N/A N/A N/A N/A Loans receivable, net 5,823,749 5,780,244 — — 5,780,244 Loans held for sale, carried at fair value 145,092 145,092 — 28,077 117,015 Financial Liabilities: Deposits $ 6,516,344 $ 6,499,784 $ 5,725,681 $ 774,103 $ — Advances from Federal Home Loan Bank 380,000 379,984 — 379,984 — Subordinated debentures 85,039 82,205 — 82,205 — 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 — — 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	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [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 Company's merger (the "Merger") with United Community Federal Corp. ("UCFC"), 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 shares available for future issuance under the 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. 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 86,190 PSUs to the participants under the 2021 Executive LTIP during the first half 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. The maximum amount of compensation expense that may be earned for the PSUs at June 30, 2022 , is approximately $ 6.9 million in the aggregate. However, the estimated expense that is expected to be earned as of June 30, 2022 , is $ 4.6 million of which $ 1.8 million was unrecognized at June 30, 2022 , and will be recognized over the remaining performance periods. Total reduction of expense of $ 88,000 and expense of $ 411,000 was recorded during each of the three and six months ended June 30, 2022 , respectively, compared to expense of $ 325,000 and $ 650,000 for the three and six months ended June 30, 2021, respectively. 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 the six months ended June 30, 2022 , the Company also granted 24,580 discretionary RSAs that vest over a period of time ranging from one to three years . Of the 24,580 RSAs, 14,712 were issued to directors and have a one year vesting period. The fair value of all granted restricted shares was determined by the stock price at the date of the grant. At June 30, 2022 , a total of 349,327 RSAs were outstanding. Compensation expense is recognized over the performance or vesting period. Total expense of $ 245,000 and $ 506,000 was recorded during each of the three and six months ended June 30, 2022 , respectively, compared to expense of $ 331,000 and $ 557,000 for the three and six months ended June 30, 2021 , respectively. Approximately $ 215,000 and $ 2.7 million is included within other liabilities at June 30, 2022 and December 31, 2021, respectively, related to the cash portion of the Company's Short-Term Incentive Plans. Following is performance and restricted stock activity during the six months ended June 30, 2022: 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 86,190 30.67 — — 44,192 29.87 Vested — — ( 13,637 ) 29.00 ( 34,426 ) 27.96 Forfeited — — ( 3,913 ) 28.30 ( 786 ) 31.84 Unvested at June 30, 2022 247,864 $ 29.16 34,223 $ 28.24 67,240 $ 30.69 As of June 30, 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 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 six months ended June 30, 2022 or 2021. Following is stock option activity under the plans during the six months ended June 30, 2022: Options Weighted Weighted Aggregate Options outstanding, January 1, 2022 35,661 $ 21.72 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, June 30, 2022 35,661 $ 21.72 3.84 $ 141,875 Exercisable at June 30, 2022 35,661 $ 21.72 3.84 $ 141,875 Proceeds, related tax benefits realized from options exercised and intrinsic value of options exercised were as follows (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Proceeds of options exercised $ — $ — $ — $ 8 Related tax benefit recognized — — — — Intrinsic value of options exercised — — — 11 As of June 30, 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 .

Dividends on Common Stock

Dividends on Common Stock	6 Months Ended
	Jun. 30, 2022
Dividends, Common Stock [Abstract]
Dividends on Common Stock	5. Dividends on Common Stock Premier declared and paid $ 0.60 per common stock dividend in the first six months of 2022 and $ 0.50 per common stock dividend in the first six months of 2021. Premier declared and paid a $ 0.30 per common stock dividend in the second quarter of 2022 and declared and paid a $ 0.26 per common stock dividend in the second quarter of 2021 .

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 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 Six Months Ended 2022 2021 2022 2021 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 22,360 $ 31,385 $ 48,717 $ 72,381 Less: income allocated to participating securities 17 39 54 104 Net income allocated to common shareholders 22,343 31,346 48,663 72,277 Weighted average common shares outstanding including 35,608 37,322 35,816 37,327 Less: Participating securities 27 46 40 53 Average common shares 35,581 37,276 35,776 37,274 Basic earnings per common share $ 0.63 $ 0.84 $ 1.36 $ 1.94 Diluted Earnings Per Share: Net income allocated to common shareholders $ 22,343 $ 31,346 $ 48,663 $ 72,277 Weighted average common shares outstanding for basic earnings 35,581 37,276 35,776 37,274 Add: Dilutive effects of stock options and restricted stock units 101 82 104 77 Average shares and dilutive potential common shares 35,682 37,358 35,880 37,351 Diluted earnings per common share $ 0.63 $ 0.84 $ 1.36 $ 1.94 There were 18,462 and 17,261 shares for the three and six months ended June 30, 2022 , respectively, that were excluded from the diluted earnings per common share calculation. There were no shares for the three and six months ended June 30, 2021 that were excluded from the dilutive earnings per common share calculation as no shares were anti-dilutive.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 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 June 30, 2022 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 174,154 $ — $ ( 21,132 ) $ 153,022 Mortgage-backed securities 209,527 14 ( 24,145 ) 185,396 Collateralized mortgage obligations 315,850 — ( 33,862 ) 281,988 Asset-backed securities 212,019 620 ( 7,657 ) 204,982 Corporate bonds 74,283 21 ( 3,392 ) 70,912 Obligations of state and political subdivisions 287,132 360 ( 43,326 ) 244,166 Total Available-for-Sale $ 1,272,965 $ 1,015 $ ( 133,514 ) $ 1,140,466 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 June 30, 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 $ 3,100 $ 3,117 Due after one year through five years 49,941 47,457 Due after five years through ten years 210,001 192,538 Due after ten years 272,527 224,988 MBS/CMO/ABS 737,396 672,366 $ 1,272,965 $ 1,140,466 Investment securities with a carrying amount of $ 580.9 million and $ 564.4 million at June 30, 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 June 30, 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 June 30, 2022 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 145,333 $ ( 18,573 ) $ 7,689 $ ( 2,559 ) $ 153,022 $ ( 21,132 ) Mortgage-backed securities 125,194 ( 15,695 ) 56,238 ( 8,450 ) 181,432 ( 24,145 ) Collateralized mortgage obligations 245,728 ( 28,311 ) 36,260 ( 5,551 ) 281,988 ( 33,862 ) Asset-backed securities 160,734 ( 7,435 ) 6,765 ( 222 ) 167,499 ( 7,657 ) Corporate bonds 65,177 ( 3,346 ) 1,213 ( 46 ) 66,390 ( 3,392 ) Obligations of state and political subdivisions 137,603 ( 21,179 ) 69,408 ( 22,147 ) 207,011 ( 43,326 ) Total available-for-sale $ 879,769 $ ( 94,539 ) $ 177,573 $ ( 38,975 ) $ 1,057,342 $ ( 133,514 ) 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 and six months ended June 30, 2022. For the three and six months ended June 30, 2021 , the Company had $ 1.5 million and $ 2.0 million in realized gains from the sale of investment securities. 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 June 30, 2022, management had determined that no credit loss exists. At June 30, 2022, and December 31, 2021 , the Company held preferred and common stock of various bank holding companies totaling $ 13.3 million and $ 14.1 million, respectively. During the three and six months ended June 30, 2022 , $ 1.2 million and $ 1.8 million of unrealized losses were recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income. During the three and six months ended June 30, 2021 , $ 808,000 of unrealized losses and $ 802,000 of unrealized gains were recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income.

Loans

Loans	6 Months Ended
	Jun. 30, 2022
Loans and Leases Receivable, Net 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: June 30, December 31, (In Thousands) Real Estate: Residential $ 1,382,202 $ 1,167,466 Commercial 2,655,730 2,450,349 Construction 1,093,695 862,815 5,131,627 4,480,630 Other Loans: Commercial 991,803 895,638 Home equity and improvement 266,144 264,354 Consumer finance 180,539 126,417 1,438,486 1,286,409 Loans before deferred loan origination fees and costs 6,570,113 5,767,039 Deduct: Undisbursed construction loan funds ( 688,849 ) ( 477,890 ) Net deferred loan origination fees and costs 9,559 7,019 Allowance for credit losses ( 67,074 ) ( 66,468 ) Total loans $ 5,823,749 $ 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 June 30, 2022 , the Company had $ 4.6 million in PPP loans, that 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 and six months ended June 30, 2022 and 2021 by portfolio segment (in thousands): Three Months Ended June 30, 2022 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 11,640 $ 34,201 $ 2,613 $ 13,821 $ 3,919 $ 1,001 $ 67,195 Charge-Offs ( 861 ) ( 137 ) ( 16 ) ( 5,303 ) ( 248 ) ( 138 ) ( 6,703 ) Recoveries 673 455 3 184 79 37 1,431 Provisions 2,661 433 399 1,060 253 345 5,151 Ending Allowance $ 14,113 $ 34,952 $ 2,999 $ 9,762 $ 4,003 $ 1,245 $ 67,074 Six Months Ended 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 ( 1,001 ) ( 144 ) ( 16 ) ( 5,313 ) ( 277 ) ( 241 ) ( 6,992 ) Recoveries 754 514 3 286 113 151 1,821 Provisions 2,331 2,183 8 1,379 ( 54 ) ( 70 ) 5,777 Ending Allowance $ 14,113 $ 34,952 $ 2,999 $ 9,762 $ 4,003 $ 1,245 $ 67,074 Three Months Ended June 30, 2021 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 17,508 $ 35,272 $ 2,776 $ 12,191 $ 5,181 $ 1,826 $ 74,754 Charge-Offs — ( 605 ) — — — ( 106 ) ( 711 ) Recoveries 82 153 12 505 165 38 955 Provisions ( 2,322 ) ( 359 ) ( 49 ) ( 485 ) ( 358 ) ( 58 ) ( 3,631 ) Ending Allowance $ 15,268 $ 34,461 $ 2,739 $ 12,211 $ 4,988 $ 1,700 $ 71,367 Six Months Ended Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 17,534 $ 43,417 $ 2,741 $ 11,665 $ 4,739 $ 1,983 $ 82,079 Charge-Offs — ( 605 ) — ( 70 ) ( 3 ) ( 142 ) ( 820 ) Recoveries 90 189 12 703 194 65 1,253 Provisions ( 2,356 ) ( 8,540 ) ( 14 ) ( 87 ) 58 ( 206 ) ( 11,145 ) Ending Allowance $ 15,268 $ 34,461 $ 2,739 $ 12,211 $ 4,988 $ 1,700 $ 71,367 The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 56 $ — $ — $ — $ 56 Commercial 12,614 — 3,083 — 15,697 Construction — — — — — Other Loans: Commercial 2,659 616 4,204 — 7,479 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 15,329 $ 616 $ 7,287 $ — $ 23,232 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: June 30, December 31, (In Thousands) Non-accrual loans with reserve $ 25,088 $ 35,480 Non-accrual loans without reserve 9,647 12,534 Loans 90 days plus past due and still accruing — — Total non-performing loans 34,735 48,014 Real estate and other assets held for sale 462 171 Total non-performing assets $ 35,197 $ 48,185 Troubled debt restructuring, still accruing $ 5,899 $ 7,768 The following table presents the aging of the amortized cost in past due and non-accrual loans as of June 30, 2022, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,363,720 $ 272 $ 5,970 $ 4,829 $ 11,071 $ 6,237 Commercial 2,646,610 116 56 12,033 12,205 14,316 Construction 404,846 — — — — — Other Loans: Commercial 979,873 — — 5,003 5,003 5,199 Home equity and improvement 260,139 1,502 276 1,413 3,191 1,798 Consumer finance 176,758 1,348 631 1,665 3,644 1,818 PCD 18,054 318 1,224 4,167 5,709 5,367 Total Loans $ 5,850,000 $ 3,556 $ 8,157 $ 29,110 $ 40,823 $ 34,735 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 June 30, 2022, and December 31, 2021 , the Company had a recorded investment in TDRs of $ 19.4 million and $ 11.9 million, respectively. The Company allocated $ 593,000 and $ 378,000 of specific reserves to those loans at June 30, 2022, and December 31, 2021 , respectively, and had committed to lend additional amounts totaling up to $ 277,000 and $ 348,000 at June 30, 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 June 30, 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 June 30, 2022 , $ 13.5 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 and six months ended June 30, 2022: Loans Modified as a TDR for the Three Loans Modified as a TDR for the Six Troubled Debt Restructurings Number of Recorded Investment Number of Recorded Investment Real Estate: Residential 7 $ 761 8 $ 1,013 Commercial 3 4,979 3 4,979 Construction — — — — Other Loans: Commercial 2 4,264 2 4,264 Home equity and improvement 3 79 3 79 Consumer finance 3 24 5 44 Total 18 $ 10,107 21 $ 10,379 The loans described above increased the ACL by $ 399,000 and $ 400,000 in the three and six months ended June 30, 2022, respectively. Loans Modified as a TDR for the Three Loans Modified as a TDR for the Six Troubled Debt Restructurings Number of Recorded Investment Number of Recorded Investment Real Estate: Residential 1 $ 99 3 $ 249 Commercial — — — — Construction — — — — Other Loans: Commercial 2 869 5 1,578 Home equity and improvement — — — — Consumer finance — — — — Total 3 $ 968 8 $ 1,827 The loans described above increased the ACL by $ 367,000 and $ 373,000 in the three and six months ended June 30, 2021, respectively. 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 June 30, 2021 . The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (Dollars in Thousands) (Dollars in Thousands) Troubled Debt Restructurings That Subsequently Defaulted Number of Recorded Investment Number of Recorded Investment Real Estate: Residential 1 $ 63 1 $ 63 Commercial — — — — Construction — — — — Other Loans: Commercial — — — — Home equity and improvement — — — — Consumer finance — — — — Total 1 $ 63 1 $ 63 The TDRs that subsequently defaulted described above increased the ACL by $ 2,000 for each of the three and six months ended June 30, 2022. 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 June 30, 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 $ 1,366,499 $ 1,244 $ 7,048 $ — $ 7,048 $ 1,374,791 Commercial 2,556,783 77,224 24,808 — 24,808 2,658,815 Construction 404,846 — — — — 404,846 Other Loans: Commercial 956,133 21,428 7,315 — 7,315 984,876 Home equity and improvement 261,530 — 1,800 — 1,800 263,330 Consumer finance 178,565 — 1,837 — 1,837 180,402 PCD 17,632 95 6,036 — 6,036 23,763 Total Loans $ 5,741,988 $ 99,991 $ 48,844 $ — $ 48,844 $ 5,890,823 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 June 30, 2022 and December 31, 2021 (in thousands): Term of loans by origination 2022 2021 2020 2019 2018 Prior Revolving Loans Total As of June 30, 2022 Real Estate Residential: Risk Rating Pass $ 130,126 $ 411,266 $ 347,138 $ 97,554 $ 55,195 $ 322,932 $ 2,288 $ 1,366,499 Special Mention — — 185 — — 151 908 1,244 Substandard — 1,109 640 1,078 561 3,660 — 7,048 Doubtful — — — — — — — — Total $ 130,126 $ 412,375 $ 347,963 $ 98,632 $ 55,756 $ 326,743 $ 3,196 $ 1,374,791 Commercial: Risk Rating Pass $ 349,863 $ 509,480 $ 525,116 $ 340,337 $ 220,518 $ 598,695 $ 12,774 $ 2,556,783 Special Mention 2,362 289 — 307 16,867 56,726 673 77,224 Substandard — 2,137 549 4,612 4,541 12,742 227 24,808 Doubtful — — — — — — — — Total $ 352,225 $ 511,906 $ 525,665 $ 345,256 $ 241,926 $ 668,163 $ 13,674 $ 2,658,815 Construction: Risk Rating Pass $ 250,401 $ 55,693 $ 52,861 $ — $ 143 $ — $ 45,748 $ 404,846 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 250,401 $ 55,693 $ 52,861 $ — $ 143 $ — $ 45,748 $ 404,846 Other Loans Commercial: Risk Rating Pass $ 154,208 $ 225,167 $ 106,555 $ 66,340 $ 33,826 $ 30,543 $ 339,494 $ 956,133 Special Mention 3,142 101 2,122 3,630 209 5,754 6,470 21,428 Substandard 40 121 4,244 5 225 230 2,450 7,315 Doubtful — — — — — — — — Total $ 157,390 $ 225,389 $ 112,921 $ 69,975 $ 34,260 $ 36,527 $ 348,414 $ 984,876 Home equity and Improvement: Risk Rating Pass $ 13,189 $ 22,709 $ 6,126 $ 3,917 $ 2,117 $ 32,902 $ 180,570 $ 261,530 Special Mention — — — — — — — — Substandard — — — 28 36 639 1,097 1,800 Doubtful — — — — — — — — Total $ 13,189 $ 22,709 $ 6,126 $ 3,945 $ 2,153 $ 33,541 $ 181,667 $ 263,330 Consumer Finance: Risk Rating Pass $ 78,957 $ 39,974 $ 20,955 $ 17,464 $ 6,353 $ 4,294 $ 10,568 $ 178,565 Special Mention — — — — — — — — Substandard 48 317 789 531 102 47 3 1,837 Doubtful — — — — — — — — Total $ 79,005 $ 40,291 $ 21,744 $ 17,995 $ 6,455 $ 4,341 $ 10,571 $ 180,402 PCD: Risk Rating Pass $ — $ — $ — $ 158 $ 370 $ 13,334 $ 3,770 $ 17,632 Special Mention — — — — — 95 — 95 Substandard — — — 4 48 4,937 1,047 6,036 Doubtful — — — — — — — — Total $ — $ — $ — $ 162 $ 418 $ 18,366 $ 4,817 $ 23,763 Term of loans by origination 2021 2020 2019 2018 2017 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 Allowance 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, 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 is considered by the company’s management as likely to fund over the life of the instrument. At June 30, 2022 , the Company had $ 1.7 billion in unfunded commitments and set aside $ 6.8 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 June 30, 2022 and December 31, 2021 is as follows (in thousands): As of June 30, 2022 As of December 31, 2021 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 12,035 $ 154 $ 13,396 $ 197 Commercial 1,727 29 5,878 151 Construction — — — — 13,762 183 19,274 348 Other Loans: Commercial 6,831 875 9,167 1,531 Home equity and improvement 2,814 118 3,405 154 Consumer finance 356 5 491 7 10,001 998 13,063 1,692 Total $ 23,763 $ 1,181 $ 32,337 $ 2,040 Foreclosure Proceedings Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totale d $ 2.6 million as of June 30, 2022 , and $ 3.3 million as of December 31, 2021 .

Mortgage Banking

Mortgage Banking	6 Months Ended
	Jun. 30, 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 Six Months Ended 2022 2021 2022 2021 (In Thousands) Mortgage banking gain, net $ 1,166 $ 2,670 $ 3,710 $ 8,311 Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,862 1,888 3,741 3,805 Amortization of mortgage servicing rights ( 1,375 ) ( 1,953 ) ( 2,778 ) ( 4,297 ) Mortgage servicing rights valuation adjustments 295 ( 448 ) 1,527 4,872 782 ( 513 ) 2,490 4,380 Net revenue from sale and servicing of mortgage loans $ 1,948 $ 2,157 $ 6,200 $ 12,691 The unpaid principal balance of residential mortgage loans serviced for third parties was $ 2.92 billion and $ 2.94 billion at June 30, 2022 and December 31, 2021. Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended 2022 2021 2022 2021 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 22,189 $ 21,696 $ 22,244 $ 21,666 Loans sold, servicing retained 1,059 1,939 2,407 4,313 Amortization ( 1,375 ) ( 1,953 ) ( 2,778 ) ( 4,297 ) Carrying value before valuation allowance at end of period 21,873 21,682 21,873 21,682 Valuation allowance: Balance at beginning of period ( 1,474 ) ( 3,193 ) ( 2,707 ) ( 8,513 ) Impairment recovery (charges) 294 ( 448 ) 1,527 4,872 Balance at end of period ( 1,180 ) ( 3,641 ) ( 1,180 ) ( 3,641 ) Net carrying value of MSRs at end of period $ 20,693 $ 18,041 $ 20,693 $ 18,041 Fair value of MSRs at end of period $ 26,927 $ 18,054 $ 26,927 $ 18,054 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 June 30, 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 and six months ended June 30, 2022 and 2021 .

Leases

Leases	6 Months Ended
	Jun. 30, 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 13.59 years as of June 30, 2022 and 14.21 years as of December 31, 2021 . The weighted average discount rate for leases was 2.54 % as of June 30, 2022 and 2.57 % as of December 31, 2021. The total operating lease costs were $ 540,000 and $ 1.1 million for the three and six months ended June 30, 2022 , respectively, and $ 664,000 and $ 1.2 million for the three and six months ended June 30, 2021 , respectively. The right-of-use asset , included in other assets, was $ 15.4 million and $ 15.4 million at June 30, 2021 and December 31, 2021 , respectively. The lease liabilities , included in other liabilities, were $ 16.1 million and $ 16.1 million as of June 30, 2022 and December 31, 2021, respectively. Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (In Thousands) June 30, 2022 Remainder of 2022 $ 2,600 2023 2,091 2024 1,697 2025 1,472 2026 1,217 Thereafter 11,772 Total undiscounted minimum lease payments 20,849 Present value adjustment ( 4,734 ) Total lease liabilities $ 16,115

Deposits

Deposits	6 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Deposits	11. Deposits A summary of deposit balances is as follows: June 30, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,786,516 $ 1,724,772 Interest-bearing checking and money market accounts 3,106,306 2,952,705 Savings deposits 832,859 804,451 Retail certificates of deposit less than $250,000 532,836 636,477 Retail certificates of deposit greater than $250,000 257,827 163,646 $ 6,516,344 $ 6,282,051

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2022
Subordinated Borrowings [Abstract]
Borrowings	12. Borrowings The Company's FHLB advances and junior subordinated debentures owed to unconsolidated subsidiary trusts and subordinated debentures are comprised of the following: June 30, December 31, (In Thousands) FHLB Advances: Overnight advances $ 130,000 — Single maturity fixed rate advances 250,000 — Total $ 380,000 $ — 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 $ 48,956 $ 48,893 At June 30, 2022 , the Company had $ 380.0 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 has used, and intends to continue using, 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", as such term defined 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 3.33 % as of June 30, 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. 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 June 30, 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	6 Months Ended
	Jun. 30, 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): June 30, 2022 December 31, 2021 Commitments to make loans $ 1,244,907 $ 1,175,916 Unused lines of credit 969,220 626,348 Standby letters of credit 10,955 10,851 Total $ 2,225,082 $ 1,813,115 Commitments to make loans are generally made for periods of 60 days or less .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	14. 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 June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 (In Thousands) (In Thousands) Current: Federal $ 6,053 $ 9,239 $ 11,867 $ 15,600 State and local 192 165 355 328 Deferred ( 799 ) ( 1,081 ) ( 606 ) 2,346 $ 5,446 $ 8,323 $ 11,616 $ 18,274 The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 (In Thousands) (In Thousands) Tax expense (benefit) at statutory rate ( 21 %) $ 5,840 $ 8,287 $ 12,670 $ 19,036 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 152 131 280 259 Tax exempt interest income, net of TEFRA ( 188 ) ( 228 ) ( 374 ) ( 428 ) Bank owned life insurance ( 206 ) ( 181 ) ( 415 ) ( 426 ) Captive insurance ( 96 ) ( 102 ) ( 201 ) ( 192 ) Other ( 56 ) 416 ( 344 ) 25 Totals $ 5,446 $ 8,323 $ 11,616 $ 18,274

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	15. Derivative Financial Instruments At June 30, 2022 , the Company had approximately $ 29.1 million of interest rate lock commitments and $ 325.0 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: June 30, 2022 December 31, 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ 1,851 $ 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 June 30, 2022 and 2021 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended Six Months Ended 2022 2021 2022 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – Gain (Loss) $ ( 8,072 ) $ ( 3,780 ) $ ( 485 ) $ 324 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 $ 68.0 million and fair value of $ 3.3 million in other assets and $ 3.3 million in other liabilities at June 30, 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 and six months ended June 30, 2022 , $ 1,000 , flowed through noninterest income. For the three and six months ended June 30, 2021 , ($ 55,000 ) and $ 143,000 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 June 30, 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 $ 27.8 million is recorded in other liabilities in the unaudited Consolidated Balance Sheets at June 30, 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): June 30, 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 1.798 % 0.089 % Weighted average remaining maturity (in years) 8.7 9.3 Fair value $ ( 27,849 ) $ 854

Other Comprehensive (Loss) Inco

Other Comprehensive (Loss) Income	6 Months Ended
	Jun. 30, 2022
Other Comprehensive Income (Loss), Net of Tax [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 June 30, 2022: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 53,212 ) $ 11,174 $ ( 42,038 ) Reclassification adjustment for net losses included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 13,710 ) 2,879 ( 10,831 ) Reclassification adjustment for net gains included in net income 2,041 ( 429 ) 1,612 Total other comprehensive gain $ ( 64,881 ) $ 13,624 $ ( 51,257 ) Six months ended June 30, 2022: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 127,405 ) $ 26,754 $ ( 100,651 ) Reclassification adjustment for net gains included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 29,951 ) 6,290 ( 23,661 ) Reclassification adjustment for net gains included in net income 1,248 ( 262 ) 986 Total other comprehensive gain $ ( 156,108 ) $ 32,782 $ ( 123,326 ) Before Tax Tax (Expense) Net of Tax (In Thousands) Three months ended June 30, 2021: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ 11,985 $ ( 2,517 ) $ 9,468 Reclassification adjustment for net gains included in net income ( 1,469 ) 309 ( 1,160 ) Cash flow hedge derivatives Change in net unrealized gain/loss during the period 4,434 ( 932 ) 3,502 Reclassification adjustment for net gains included in net income ( 450 ) 95 ( 355 ) Total other comprehensive gain $ 14,500 $ ( 3,045 ) $ 11,455 Six months ended June 30, 2021: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 7,127 ) $ 1,497 $ ( 5,630 ) Reclassification adjustment for net gains included in net income ( 1,985 ) 417 ( 1,568 ) Cash flow hedge derivatives Change in net unrealized gain/loss during the period 4,434 ( 932 ) 3,502 Reclassification adjustment for net gains included in net income ( 450 ) 95 ( 355 ) Total other comprehensive gain $ ( 5,128 ) $ 1,077 $ ( 4,051 ) 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 ( 100,651 ) — ( 23,661 ) ( 124,312 ) Amounts reclassified from accumulated other comprehensive income — — 986 986 Net other comprehensive income/(loss) during period ( 100,651 ) — ( 22,675 ) ( 123,326 ) Balance June 30, 2022 $ ( 104,674 ) $ ( 79 ) $ ( 22,001 ) $ ( 126,754 ) Balance January 1, 2021 $ 15,083 $ ( 79 ) $ — $ 15,004 Other comprehensive income (loss) before reclassifications ( 5,630 ) — 3,502 ( 2,128 ) Amounts reclassified from accumulated other comprehensive income ( 1,568 ) — ( 355 ) ( 1,923 ) Net other comprehensive income during period ( 7,198 ) — 3,147 ( 4,051 ) Balance June 30, 2021 $ 7,885 $ ( 79 ) $ 3,147 $ 10,953

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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) 2020-04, "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 GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or other 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. The Company has also adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020, and has discontinued the issuance of new LIBOR-based loans since 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 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 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 such update. The Company is currently assessing the impacts of adopting the guidance.

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 153,022 $ — $ 153,022 Mortgage-backed securities — 185,396 — 185,396 Collateralized mortgage obligations — 281,988 — 281,988 Asset-backed securities — 204,982 — 204,982 Corporate bonds — 70,912 — 70,912 Obligations of state and political subdivisions — 244,166 — 244,166 Equity securities 13,293 — — 13,293 Loans held for sale, at fair value — 28,077 117,015 145,092 Interest rate swaps — 3,338 — 3,338 Mortgage banking derivative — 1,851 — 1,851 Liabilities: Interest rate swaps — 3,338 — 3,338 Cash flow hedge derivative — 27,849 — 27,849 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 Cash flow hedge derivative — 854 — 854 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 and six months ended June 30, 2022 and 2021 . There were no securities that were measured at Level 3 for the three and six months ended June 30, 2022 and 2021. Construction loans held for sale Three Months Ended Six Months Ended 2022 2021 2022 2021 Balance of recurring Level 3 assets at beginning of period $ 116,484 $ 134,638 $ 134,167 $ 123,029 Total gains (losses) for the period Included in change in fair value of loans held for sale ( 6,331 ) 1,814 ( 19,790 ) ( 3,754 ) Originations 37,264 30,924 73,607 64,928 Sales ( 30,402 ) ( 18,717 ) ( 70,969 ) ( 35,544 ) Balance of recurring Level 3 assets at end of period $ 117,015 $ 148,659 $ 117,015 $ 148,659
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: June 30, 2022 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 117,015 Quoted market price Time discount using the 60 day forward contract 0.00 % - 1.21 % 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 June 30, 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- $ 6,282 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 30 % 16.08 % Individually analyzed Loans- $ 4,030 Equitable Recoupment claim estimate Discounts for collection issues 60 % 60.00 % 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 June 30, 2022 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 4,646 $ 4,646 Commercial — — 5,666 5,666 Total individually analyzed loans $ — $ — $ 10,312 $ 10,312 Mortgage servicing rights $ — $ 20,693 $ — $ 20,693 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 June 30, 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- $ 6,282 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 30 % 16.08 % Individually analyzed Loans- $ 4,030 Equitable Recoupment claim estimate Discounts for collection issues 60 % 60.00 % 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 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 June 30, 2022. The carrying value and estimated fair values of financial instruments at June 30, 2022 and December 31, 2021, were as follows: Fair Value Measurements at June 30, 2022 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 62,080 $ 62,080 $ 62,080 $ — $ — Securities available for sale 1,140,466 1,140,466 — 1,140,466 — Equity securities 13,293 13,293 13,293 — — Federal Home Loan Bank Stock 23,991 N/A N/A N/A N/A Loans receivable, net 5,823,749 5,780,244 — — 5,780,244 Loans held for sale, carried at fair value 145,092 145,092 — 28,077 117,015 Financial Liabilities: Deposits $ 6,516,344 $ 6,499,784 $ 5,725,681 $ 774,103 $ — Advances from Federal Home Loan Bank 380,000 379,984 — 379,984 — Subordinated debentures 85,039 82,205 — 82,205 — 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 — — 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)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of restricted stock units and stock grants	Following is performance and restricted stock activity during the six months ended June 30, 2022: 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 86,190 30.67 — — 44,192 29.87 Vested — — ( 13,637 ) 29.00 ( 34,426 ) 27.96 Forfeited — — ( 3,913 ) 28.30 ( 786 ) 31.84 Unvested at June 30, 2022 247,864 $ 29.16 34,223 $ 28.24 67,240 $ 30.69
Schedule of stock option activity under the plans	Following is stock option activity under the plans during the six months ended June 30, 2022: Options Weighted Weighted Aggregate Options outstanding, January 1, 2022 35,661 $ 21.72 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, June 30, 2022 35,661 $ 21.72 3.84 $ 141,875 Exercisable at June 30, 2022 35,661 $ 21.72 3.84 $ 141,875
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 Six Months Ended 2022 2021 2022 2021 Proceeds of options exercised $ — $ — $ — $ 8 Related tax benefit recognized — — — — Intrinsic value of options exercised — — — 11

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2022 2021 2022 2021 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 22,360 $ 31,385 $ 48,717 $ 72,381 Less: income allocated to participating securities 17 39 54 104 Net income allocated to common shareholders 22,343 31,346 48,663 72,277 Weighted average common shares outstanding including 35,608 37,322 35,816 37,327 Less: Participating securities 27 46 40 53 Average common shares 35,581 37,276 35,776 37,274 Basic earnings per common share $ 0.63 $ 0.84 $ 1.36 $ 1.94 Diluted Earnings Per Share: Net income allocated to common shareholders $ 22,343 $ 31,346 $ 48,663 $ 72,277 Weighted average common shares outstanding for basic earnings 35,581 37,276 35,776 37,274 Add: Dilutive effects of stock options and restricted stock units 101 82 104 77 Average shares and dilutive potential common shares 35,682 37,358 35,880 37,351 Diluted earnings per common share $ 0.63 $ 0.84 $ 1.36 $ 1.94

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 174,154 $ — $ ( 21,132 ) $ 153,022 Mortgage-backed securities 209,527 14 ( 24,145 ) 185,396 Collateralized mortgage obligations 315,850 — ( 33,862 ) 281,988 Asset-backed securities 212,019 620 ( 7,657 ) 204,982 Corporate bonds 74,283 21 ( 3,392 ) 70,912 Obligations of state and political subdivisions 287,132 360 ( 43,326 ) 244,166 Total Available-for-Sale $ 1,272,965 $ 1,015 $ ( 133,514 ) $ 1,140,466 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 June 30, 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 $ 3,100 $ 3,117 Due after one year through five years 49,941 47,457 Due after five years through ten years 210,001 192,538 Due after ten years 272,527 224,988 MBS/CMO/ABS 737,396 672,366 $ 1,272,965 $ 1,140,466
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 June 30, 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 June 30, 2022 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 145,333 $ ( 18,573 ) $ 7,689 $ ( 2,559 ) $ 153,022 $ ( 21,132 ) Mortgage-backed securities 125,194 ( 15,695 ) 56,238 ( 8,450 ) 181,432 ( 24,145 ) Collateralized mortgage obligations 245,728 ( 28,311 ) 36,260 ( 5,551 ) 281,988 ( 33,862 ) Asset-backed securities 160,734 ( 7,435 ) 6,765 ( 222 ) 167,499 ( 7,657 ) Corporate bonds 65,177 ( 3,346 ) 1,213 ( 46 ) 66,390 ( 3,392 ) Obligations of state and political subdivisions 137,603 ( 21,179 ) 69,408 ( 22,147 ) 207,011 ( 43,326 ) Total available-for-sale $ 879,769 $ ( 94,539 ) $ 177,573 $ ( 38,975 ) $ 1,057,342 $ ( 133,514 ) 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)	6 Months Ended
	Jun. 30, 2022
Loans and Leases Receivable, Net 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: June 30, December 31, (In Thousands) Real Estate: Residential $ 1,382,202 $ 1,167,466 Commercial 2,655,730 2,450,349 Construction 1,093,695 862,815 5,131,627 4,480,630 Other Loans: Commercial 991,803 895,638 Home equity and improvement 266,144 264,354 Consumer finance 180,539 126,417 1,438,486 1,286,409 Loans before deferred loan origination fees and costs 6,570,113 5,767,039 Deduct: Undisbursed construction loan funds ( 688,849 ) ( 477,890 ) Net deferred loan origination fees and costs 9,559 7,019 Allowance for credit losses ( 67,074 ) ( 66,468 ) Total loans $ 5,823,749 $ 5,229,700
Schedule of allowance for credit loss (ACL) activity	The following table discloses allowance for credit loss (“ACL”) activity for the three and six months ended June 30, 2022 and 2021 by portfolio segment (in thousands): Three Months Ended June 30, 2022 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 11,640 $ 34,201 $ 2,613 $ 13,821 $ 3,919 $ 1,001 $ 67,195 Charge-Offs ( 861 ) ( 137 ) ( 16 ) ( 5,303 ) ( 248 ) ( 138 ) ( 6,703 ) Recoveries 673 455 3 184 79 37 1,431 Provisions 2,661 433 399 1,060 253 345 5,151 Ending Allowance $ 14,113 $ 34,952 $ 2,999 $ 9,762 $ 4,003 $ 1,245 $ 67,074 Six Months Ended 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 ( 1,001 ) ( 144 ) ( 16 ) ( 5,313 ) ( 277 ) ( 241 ) ( 6,992 ) Recoveries 754 514 3 286 113 151 1,821 Provisions 2,331 2,183 8 1,379 ( 54 ) ( 70 ) 5,777 Ending Allowance $ 14,113 $ 34,952 $ 2,999 $ 9,762 $ 4,003 $ 1,245 $ 67,074 Three Months Ended June 30, 2021 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 17,508 $ 35,272 $ 2,776 $ 12,191 $ 5,181 $ 1,826 $ 74,754 Charge-Offs — ( 605 ) — — — ( 106 ) ( 711 ) Recoveries 82 153 12 505 165 38 955 Provisions ( 2,322 ) ( 359 ) ( 49 ) ( 485 ) ( 358 ) ( 58 ) ( 3,631 ) Ending Allowance $ 15,268 $ 34,461 $ 2,739 $ 12,211 $ 4,988 $ 1,700 $ 71,367 Six Months Ended Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 17,534 $ 43,417 $ 2,741 $ 11,665 $ 4,739 $ 1,983 $ 82,079 Charge-Offs — ( 605 ) — ( 70 ) ( 3 ) ( 142 ) ( 820 ) Recoveries 90 189 12 703 194 65 1,253 Provisions ( 2,356 ) ( 8,540 ) ( 14 ) ( 87 ) 58 ( 206 ) ( 11,145 ) Ending Allowance $ 15,268 $ 34,461 $ 2,739 $ 12,211 $ 4,988 $ 1,700 $ 71,367
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 June 30, 2022 and December 31, 2021 (in thousands): June 30, 2022 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 56 $ — $ — $ — $ 56 Commercial 12,614 — 3,083 — 15,697 Construction — — — — — Other Loans: Commercial 2,659 616 4,204 — 7,479 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 15,329 $ 616 $ 7,287 $ — $ 23,232 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: June 30, December 31, (In Thousands) Non-accrual loans with reserve $ 25,088 $ 35,480 Non-accrual loans without reserve 9,647 12,534 Loans 90 days plus past due and still accruing — — Total non-performing loans 34,735 48,014 Real estate and other assets held for sale 462 171 Total non-performing assets $ 35,197 $ 48,185 Troubled debt restructuring, still accruing $ 5,899 $ 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 June 30, 2022, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,363,720 $ 272 $ 5,970 $ 4,829 $ 11,071 $ 6,237 Commercial 2,646,610 116 56 12,033 12,205 14,316 Construction 404,846 — — — — — Other Loans: Commercial 979,873 — — 5,003 5,003 5,199 Home equity and improvement 260,139 1,502 276 1,413 3,191 1,798 Consumer finance 176,758 1,348 631 1,665 3,644 1,818 PCD 18,054 318 1,224 4,167 5,709 5,367 Total Loans $ 5,850,000 $ 3,556 $ 8,157 $ 29,110 $ 40,823 $ 34,735 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 and six months ended June 30, 2022: Loans Modified as a TDR for the Three Loans Modified as a TDR for the Six Troubled Debt Restructurings Number of Recorded Investment Number of Recorded Investment Real Estate: Residential 7 $ 761 8 $ 1,013 Commercial 3 4,979 3 4,979 Construction — — — — Other Loans: Commercial 2 4,264 2 4,264 Home equity and improvement 3 79 3 79 Consumer finance 3 24 5 44 Total 18 $ 10,107 21 $ 10,379 The loans described above increased the ACL by $ 399,000 and $ 400,000 in the three and six months ended June 30, 2022, respectively. Loans Modified as a TDR for the Three Loans Modified as a TDR for the Six Troubled Debt Restructurings Number of Recorded Investment Number of Recorded Investment Real Estate: Residential 1 $ 99 3 $ 249 Commercial — — — — Construction — — — — Other Loans: Commercial 2 869 5 1,578 Home equity and improvement — — — — Consumer finance — — — — Total 3 $ 968 8 $ 1,827 The following table presents loans by class modified as TDRs for which there was a payment default within twelve months following the modification during the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 (Dollars in Thousands) (Dollars in Thousands) Troubled Debt Restructurings That Subsequently Defaulted Number of Recorded Investment Number of Recorded Investment Real Estate: Residential 1 $ 63 1 $ 63 Commercial — — — — Construction — — — — Other Loans: Commercial — — — — Home equity and improvement — — — — Consumer finance — — — — Total 1 $ 63 1 $ 63
Schedule of Risk Category of Loans by Class of Loans	As of June 30, 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 $ 1,366,499 $ 1,244 $ 7,048 $ — $ 7,048 $ 1,374,791 Commercial 2,556,783 77,224 24,808 — 24,808 2,658,815 Construction 404,846 — — — — 404,846 Other Loans: Commercial 956,133 21,428 7,315 — 7,315 984,876 Home equity and improvement 261,530 — 1,800 — 1,800 263,330 Consumer finance 178,565 — 1,837 — 1,837 180,402 PCD 17,632 95 6,036 — 6,036 23,763 Total Loans $ 5,741,988 $ 99,991 $ 48,844 $ — $ 48,844 $ 5,890,823 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 June 30, 2022 and December 31, 2021 (in thousands): Term of loans by origination 2022 2021 2020 2019 2018 Prior Revolving Loans Total As of June 30, 2022 Real Estate Residential: Risk Rating Pass $ 130,126 $ 411,266 $ 347,138 $ 97,554 $ 55,195 $ 322,932 $ 2,288 $ 1,366,499 Special Mention — — 185 — — 151 908 1,244 Substandard — 1,109 640 1,078 561 3,660 — 7,048 Doubtful — — — — — — — — Total $ 130,126 $ 412,375 $ 347,963 $ 98,632 $ 55,756 $ 326,743 $ 3,196 $ 1,374,791 Commercial: Risk Rating Pass $ 349,863 $ 509,480 $ 525,116 $ 340,337 $ 220,518 $ 598,695 $ 12,774 $ 2,556,783 Special Mention 2,362 289 — 307 16,867 56,726 673 77,224 Substandard — 2,137 549 4,612 4,541 12,742 227 24,808 Doubtful — — — — — — — — Total $ 352,225 $ 511,906 $ 525,665 $ 345,256 $ 241,926 $ 668,163 $ 13,674 $ 2,658,815 Construction: Risk Rating Pass $ 250,401 $ 55,693 $ 52,861 $ — $ 143 $ — $ 45,748 $ 404,846 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 250,401 $ 55,693 $ 52,861 $ — $ 143 $ — $ 45,748 $ 404,846 Other Loans Commercial: Risk Rating Pass $ 154,208 $ 225,167 $ 106,555 $ 66,340 $ 33,826 $ 30,543 $ 339,494 $ 956,133 Special Mention 3,142 101 2,122 3,630 209 5,754 6,470 21,428 Substandard 40 121 4,244 5 225 230 2,450 7,315 Doubtful — — — — — — — — Total $ 157,390 $ 225,389 $ 112,921 $ 69,975 $ 34,260 $ 36,527 $ 348,414 $ 984,876 Home equity and Improvement: Risk Rating Pass $ 13,189 $ 22,709 $ 6,126 $ 3,917 $ 2,117 $ 32,902 $ 180,570 $ 261,530 Special Mention — — — — — — — — Substandard — — — 28 36 639 1,097 1,800 Doubtful — — — — — — — — Total $ 13,189 $ 22,709 $ 6,126 $ 3,945 $ 2,153 $ 33,541 $ 181,667 $ 263,330 Consumer Finance: Risk Rating Pass $ 78,957 $ 39,974 $ 20,955 $ 17,464 $ 6,353 $ 4,294 $ 10,568 $ 178,565 Special Mention — — — — — — — — Substandard 48 317 789 531 102 47 3 1,837 Doubtful — — — — — — — — Total $ 79,005 $ 40,291 $ 21,744 $ 17,995 $ 6,455 $ 4,341 $ 10,571 $ 180,402 PCD: Risk Rating Pass $ — $ — $ — $ 158 $ 370 $ 13,334 $ 3,770 $ 17,632 Special Mention — — — — — 95 — 95 Substandard — — — 4 48 4,937 1,047 6,036 Doubtful — — — — — — — — Total $ — $ — $ — $ 162 $ 418 $ 18,366 $ 4,817 $ 23,763 Term of loans by origination 2021 2020 2019 2018 2017 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
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 June 30, 2022 and December 31, 2021 is as follows (in thousands): As of June 30, 2022 As of December 31, 2021 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 12,035 $ 154 $ 13,396 $ 197 Commercial 1,727 29 5,878 151 Construction — — — — 13,762 183 19,274 348 Other Loans: Commercial 6,831 875 9,167 1,531 Home equity and improvement 2,814 118 3,405 154 Consumer finance 356 5 491 7 10,001 998 13,063 1,692 Total $ 23,763 $ 1,181 $ 32,337 $ 2,040

Mortgage Banking (Tables)

Mortgage Banking (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2022 2021 2022 2021 (In Thousands) Mortgage banking gain, net $ 1,166 $ 2,670 $ 3,710 $ 8,311 Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,862 1,888 3,741 3,805 Amortization of mortgage servicing rights ( 1,375 ) ( 1,953 ) ( 2,778 ) ( 4,297 ) Mortgage servicing rights valuation adjustments 295 ( 448 ) 1,527 4,872 782 ( 513 ) 2,490 4,380 Net revenue from sale and servicing of mortgage loans $ 1,948 $ 2,157 $ 6,200 $ 12,691
Schedule of capitalized mortgage and valuation allowance	Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three and six months ended June 30, 2022 and 2021: Three Months Ended Six Months Ended 2022 2021 2022 2021 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 22,189 $ 21,696 $ 22,244 $ 21,666 Loans sold, servicing retained 1,059 1,939 2,407 4,313 Amortization ( 1,375 ) ( 1,953 ) ( 2,778 ) ( 4,297 ) Carrying value before valuation allowance at end of period 21,873 21,682 21,873 21,682 Valuation allowance: Balance at beginning of period ( 1,474 ) ( 3,193 ) ( 2,707 ) ( 8,513 ) Impairment recovery (charges) 294 ( 448 ) 1,527 4,872 Balance at end of period ( 1,180 ) ( 3,641 ) ( 1,180 ) ( 3,641 ) Net carrying value of MSRs at end of period $ 20,693 $ 18,041 $ 20,693 $ 18,041 Fair value of MSRs at end of period $ 26,927 $ 18,054 $ 26,927 $ 18,054

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2022 Remainder of 2022 $ 2,600 2023 2,091 2024 1,697 2025 1,472 2026 1,217 Thereafter 11,772 Total undiscounted minimum lease payments 20,849 Present value adjustment ( 4,734 ) Total lease liabilities $ 16,115

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Summary of deposit balances	A summary of deposit balances is as follows: June 30, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,786,516 $ 1,724,772 Interest-bearing checking and money market accounts 3,106,306 2,952,705 Savings deposits 832,859 804,451 Retail certificates of deposit less than $250,000 532,836 636,477 Retail certificates of deposit greater than $250,000 257,827 163,646 $ 6,516,344 $ 6,282,051

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2022
Subordinated Borrowings [Abstract]
Schedule of Bank Line of Credit Advance, Junior Subordinated Debentures and Subordinated Debentures	The Company's FHLB advances and junior subordinated debentures owed to unconsolidated subsidiary trusts and subordinated debentures are comprised of the following: June 30, December 31, (In Thousands) FHLB Advances: Overnight advances $ 130,000 — Single maturity fixed rate advances 250,000 — Total $ 380,000 $ — 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 $ 48,956 $ 48,893

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingent Liabilities (Tables)	6 Months Ended
	Jun. 30, 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): June 30, 2022 December 31, 2021 Commitments to make loans $ 1,244,907 $ 1,175,916 Unused lines of credit 969,220 626,348 Standby letters of credit 10,955 10,851 Total $ 2,225,082 $ 1,813,115

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 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 June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 (In Thousands) (In Thousands) Current: Federal $ 6,053 $ 9,239 $ 11,867 $ 15,600 State and local 192 165 355 328 Deferred ( 799 ) ( 1,081 ) ( 606 ) 2,346 $ 5,446 $ 8,323 $ 11,616 $ 18,274
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 June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 (In Thousands) (In Thousands) Tax expense (benefit) at statutory rate ( 21 %) $ 5,840 $ 8,287 $ 12,670 $ 19,036 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 152 131 280 259 Tax exempt interest income, net of TEFRA ( 188 ) ( 228 ) ( 374 ) ( 428 ) Bank owned life insurance ( 206 ) ( 181 ) ( 415 ) ( 426 ) Captive insurance ( 96 ) ( 102 ) ( 201 ) ( 192 ) Other ( 56 ) 416 ( 344 ) 25 Totals $ 5,446 $ 8,323 $ 11,616 $ 18,274

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2022 December 31, 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ 1,851 $ 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 June 30, 2022 and 2021 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended Six Months Ended 2022 2021 2022 2021 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – Gain (Loss) $ ( 8,072 ) $ ( 3,780 ) $ ( 485 ) $ 324
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): June 30, 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 1.798 % 0.089 % Weighted average remaining maturity (in years) 8.7 9.3 Fair value $ ( 27,849 ) $ 854

Other Comprehensive (Loss) In_2

Other Comprehensive (Loss) Income (Tables)	6 Months Ended
	Jun. 30, 2022
Other Comprehensive Income (Loss), Net of Tax [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 June 30, 2022: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 53,212 ) $ 11,174 $ ( 42,038 ) Reclassification adjustment for net losses included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 13,710 ) 2,879 ( 10,831 ) Reclassification adjustment for net gains included in net income 2,041 ( 429 ) 1,612 Total other comprehensive gain $ ( 64,881 ) $ 13,624 $ ( 51,257 ) Six months ended June 30, 2022: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 127,405 ) $ 26,754 $ ( 100,651 ) Reclassification adjustment for net gains included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 29,951 ) 6,290 ( 23,661 ) Reclassification adjustment for net gains included in net income 1,248 ( 262 ) 986 Total other comprehensive gain $ ( 156,108 ) $ 32,782 $ ( 123,326 ) Before Tax Tax (Expense) Net of Tax (In Thousands) Three months ended June 30, 2021: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ 11,985 $ ( 2,517 ) $ 9,468 Reclassification adjustment for net gains included in net income ( 1,469 ) 309 ( 1,160 ) Cash flow hedge derivatives Change in net unrealized gain/loss during the period 4,434 ( 932 ) 3,502 Reclassification adjustment for net gains included in net income ( 450 ) 95 ( 355 ) Total other comprehensive gain $ 14,500 $ ( 3,045 ) $ 11,455 Six months ended June 30, 2021: Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 7,127 ) $ 1,497 $ ( 5,630 ) Reclassification adjustment for net gains included in net income ( 1,985 ) 417 ( 1,568 ) Cash flow hedge derivatives Change in net unrealized gain/loss during the period 4,434 ( 932 ) 3,502 Reclassification adjustment for net gains included in net income ( 450 ) 95 ( 355 ) Total other comprehensive gain $ ( 5,128 ) $ 1,077 $ ( 4,051 )
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 ( 100,651 ) — ( 23,661 ) ( 124,312 ) Amounts reclassified from accumulated other comprehensive income — — 986 986 Net other comprehensive income/(loss) during period ( 100,651 ) — ( 22,675 ) ( 123,326 ) Balance June 30, 2022 $ ( 104,674 ) $ ( 79 ) $ ( 22,001 ) $ ( 126,754 ) Balance January 1, 2021 $ 15,083 $ ( 79 ) $ — $ 15,004 Other comprehensive income (loss) before reclassifications ( 5,630 ) — 3,502 ( 2,128 ) Amounts reclassified from accumulated other comprehensive income ( 1,568 ) — ( 355 ) ( 1,923 ) Net other comprehensive income during period ( 7,198 ) — 3,147 ( 4,051 ) Balance June 30, 2021 $ 7,885 $ ( 79 ) $ 3,147 $ 10,953

Fair Value - Additional informa

Fair Value - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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	$ 145,092		$ 145,092		$ 162,947
Available for sale assets at fair value	0	$ 0	0	$ 0
Residential Mortgage Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	28,100		28,100		28,800
Loans held for sale, contractual balance	28,400		28,400		27,700
Gains (losses) on sale of loans held for sale for the change in fair value	157,000,000	1,000	1,300	(3,300)
Permanent Construction Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	117,000		117,000		134,200
Loans held for sale, contractual balance	127,600		127,600		$ 125,000
Gains (losses) on sale of loans held for sale for the change in fair value	$ 6,300	$ 1,800	$ 19,800	$ (3,800)
Minimum [Member] | Real Estate held for sale [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value input discount rate			0%
Maximum [Member] | Real Estate held for sale [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value input discount rate			30%

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured on a Recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 1,140,466	$ 1,206,260
Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	281,988	260,168
Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	1,140,466	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	281,988	260,168
Obligations of U.S. government corporations and agencies [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	153,022	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	153,022	174,710
Mortgage-Backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	185,396	206,751
Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	185,396	206,751
Asset-backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	204,982	220,536
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	204,982	220,536
Corporate bonds [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	70,912	70,893
Corporate bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	70,912	70,893
Obligations of state and political subdivisions [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	244,166	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	244,166	273,202
Equity Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	13,293	14,097
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	13,293	14,097
Loans Held for Sale, at Fair Value [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	145,092	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	28,077	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	117,015	134,167
Interest Rate Swap Assets [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	3,338	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	3,338	1,287
Cash Flow Hedge Derivative Asset [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value		854
Cash Flow Hedge Derivative Asset [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value		854
Mortgage banking derivative [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	1,851	2,336
Mortgage banking derivative [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	1,851	2,336
Interest Rate Swap Liability [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	3,338	1,292
Interest Rate Swap Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	3,338	$ 1,292
Cash Flow Hedge Derivative Liability [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	27,849
Cash Flow Hedge Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 27,849

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance of recurring Level 3 assets at beginning of period	$ 116,484	$ 134,638	$ 134,167	$ 123,029
Total gains (losses) for the period, Included in change in fair value of loans held for sale	(6,331)	1,814	(19,790)	(3,754)
Originations	37,264	30,924	73,607	64,928
Sales	(30,402)	(18,717)	(70,969)	(35,544)
Balance of recurring Level 3 assets at end of period	$ 117,015	$ 148,659	$ 117,015	$ 148,659

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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 145,092	$ 162,947
Range of Input 0.00% - 1.21% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 117,015
Fair Value Measurements Valuation Processes Description 1	Quoted market price
Unobservable Inputs, Fair Value	Time discount using the 60 day forward contract
Fair Value, Range of Input, Minimum	0%
Fair Value, Range of Input, Maximum	1.21%
Range of Input 0.00% - 1.86% [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 1		Quoted market price
Unobservable Inputs, Fair Value		Time discount using the 60 day forward contract
Fair Value, Range of Input, Minimum		0%
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	Jun. 30, 2022	Dec. 31, 2021
Individually analyzed loans
Total individually analyzed loans	$ 10,312	$ 11,313
Mortgage servicing rights	20,693	19,538
Commercial Real Estate [Member]
Individually analyzed loans
Total individually analyzed loans	4,646	2,749
Commercial [Member]
Individually analyzed loans
Total individually analyzed loans	5,666	8,564
Fair Value, Inputs, Level 2 [Member]
Individually analyzed loans
Mortgage servicing rights	20,693	19,538
Fair Value, Inputs, Level 3 [Member]
Individually analyzed loans
Total individually analyzed loans	10,312	11,313
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member]
Individually analyzed loans
Total individually analyzed loans	4,646	2,749
Fair Value, Inputs, Level 3 [Member] | Commercial [Member]
Individually analyzed loans
Total individually analyzed loans	$ 5,666	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 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	$ 6,282	$ 5,821
Individually analyzed Loans- Applies to loan classes without an appraisal valuation	4,030	5,492
Individually analyzed Loans- Applies to all loan classes	$ 10,312	$ 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 1	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	10%	20%
Fair Value, Range of Input, Maximum	30%	50%
Fair Value Measurement Weighted Average Range	16.08%	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 1	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	60%	25%
Fair Value Measurement Weighted Average Range	60%	25%

Fair Value - Balance Sheet Grou

Fair Value - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financial Assets, Carrying Value:
Cash and cash equivalents, Carrying Value	$ 62,080	$ 161,566
Securities available for sale, Carrying Value	1,140,466	1,206,260
Equity securities, Carrying Value	13,293	14,097
Federal Home Loan Bank Stock, Carrying Value	23,991	11,585
Loans receivable, net, Carrying Value	5,823,749	5,229,700
Loans held for sale, Carrying Value	145,092	162,947
Financial Liabilities, Carrying Value:
Deposits, Carrying Value	6,516,344	6,282,051
Advances from the Federal Home Loan Bank	380,000	0
Subordinated debentures, Carrying Value	85,039	84,976
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	62,080	161,566
Securities available-for-sale, carried at fair value	1,140,466	1,206,260
Equity securities, Fair Value	13,293	14,097
Loans receivable, net, Fair Value	5,780,244	5,265,689
Loans held for sale, fair value disclosure	145,092	162,947
Financial Liabilities, Fair Value:
Deposits, Fair Value	6,499,784	6,280,336
Advances from Federal Home Loan	379,984
Subordinated debentures, Fair Value	82,205	85,417
Fair Value, Inputs, Level 1 [Member]
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	62,080	161,566
Equity securities, Fair Value	13,293	14,097
Financial Liabilities, Fair Value:
Deposits, Fair Value	5,725,681	5,481,928
Fair Value, Inputs, Level 2 [Member]
Financial Assets, Fair Value:
Securities available-for-sale, carried at fair value	1,140,466	1,206,260
Loans held for sale, fair value disclosure	28,077	28,780
Financial Liabilities, Fair Value:
Deposits, Fair Value	774,103	798,408
Advances from Federal Home Loan	379,984
Subordinated debentures, Fair Value	82,205
Fair Value, Inputs, Level 3 [Member]
Financial Assets, Fair Value:
Loans receivable, net, Fair Value		5,265,689
Loans held for sale, fair value disclosure	$ 117,015	134,167
Financial Liabilities, Fair Value:
Subordinated debentures, Fair Value		$ 0

Stock Compensation Plans - Addi

Stock Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	35,661				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 Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition					1 month
Allocated Share-based Compensation Expense	$ 245,000		$ 331,000		$ 506,000	$ 557,000
Compensation Expense, Maximum	6,900,000				6,900,000
Estimated Compensation Expense, Excepted	4,600,000				4,600,000
Unrecognized Compensation Expense	1,800,000				1,800,000
Reduction of expense	$ 88,000		$ 325,000		$ 411,000	$ 650,000
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%				20%
Executive Long-Term Equity Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	50%				50%
Equity Plan 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	900,000				900,000
Long Term Equity Incentive Plan2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,200,000				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		86,190			86,190
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	247,864				247,864		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		86,190
Restricted Stock Awards (RSAs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					44,192
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	67,240				67,240		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					24,580
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	34,223				34,223		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%				5%
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%				10%
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	349,327				349,327
Short Term Incentive Plan [Member]
Allocated Share-based Compensation Expense					$ 215,000		$ 2,700,000
Restricted Stock Grants [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					24,580
Restricted Stock Grants [Member] | Share-based Compensation Award, Tranche One [Member] | Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross					14,712

Stock Compensation Plans - Stoc

Stock Compensation Plans - Stock option activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Options outstanding, January 1, 2022 | shares	35,661
Option Outstanding, Forfeited or cancelled | shares	0
Option Outstanding, Exercised | shares	0
Options outstanding, June 30, 2022 | shares	35,661
Exercisable at June 30, 2022 | shares	35,661
Weighted Average Exercise Price, Options outstanding, January 1, 2022 | $ / shares	$ 21.72
Weighted Average Exercise Price, Forfeited or cancelled | $ / shares	0
Weighted Average Exercise Price, Exercised | $ / shares	0
Weighted Average Exercise Price, Options outstanding, June 30, 2022 | $ / shares	21.72
Weighted Average Exercise Price, Exercisable at June 30, 2022 | $ / shares	$ 21.72
Weighted Average Remaining Contractual Term (In years), outstanding, June 30, 2022	3 years 10 months 2 days
Weighted Average Remaining Contractual Terms (In years), Exercisable at June 30, 2022	3 years 10 months 2 days
Aggregate Intrinsic Value, outstanding, June 30, 2022 | $	$ 141,875
Aggregate Intrinsic Value, Exercisable at June 30, 2022 | $	$ 141,875

Stock Compensation Plans - Tax

Stock Compensation Plans - Tax benefits realized (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021 USD ($)
Share-Based Payment Arrangement [Abstract]
Proceeds of options exercised	$ 8
Intrinsic value of options exercised	$ 11

Stock Compensation Plans - Rest

Stock Compensation Plans - Restricted stock grants (Details) - $ / shares	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Jun. 30, 2022
Performance Stock Units [Member]
Shares, Unvested at January 1, 2022	161,674	161,674
Shares, Granted	86,190	86,190
Shares, Vested		0
Shares, Forfeited		0
Shares, Unvested at June 30, 2022		247,864
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2022	$ 28.36	$ 28.36
Weighted-Average Grant Date Fair Value, Granted		30.67
Weighted-Average Grant Date Fair Value, Vested		0
Weighted-Average Grant Date Fair Value, Forfeited		0
Weighted-Average Grant Date Fair Value, Unvested at June 30, 2022		$ 29.16
Restricted Stock Units (RSUs) [Member]
Shares, Unvested at January 1, 2022	51,773	51,773
Shares, Vested		(13,637)
Shares, Forfeited		(3,913)
Shares, Unvested at June 30, 2022		34,223
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2022	$ 28.44	$ 28.44
Weighted-Average Grant Date Fair Value, Vested		29
Weighted-Average Grant Date Fair Value, Forfeited		28.30
Weighted-Average Grant Date Fair Value, Unvested at June 30, 2022		$ 28.24
Restricted Stock Awards (RSAs) [Member]
Shares, Unvested at January 1, 2022	58,260	58,260
Shares, Granted		44,192
Shares, Vested		(34,426)
Shares, Forfeited		(786)
Shares, Unvested at June 30, 2022		67,240
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2022	$ 29.71	$ 29.71
Weighted-Average Grant Date Fair Value, Granted		29.87
Weighted-Average Grant Date Fair Value, Vested		27.96
Weighted-Average Grant Date Fair Value, Forfeited		31.84
Weighted-Average Grant Date Fair Value, Unvested at June 30, 2022		$ 30.69

Dividends on Common Stock (Deta

Dividends on Common Stock (Details) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Dividends, Common Stock [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.30	$ 0.30	$ 0.26	$ 0.24	$ 0.60	$ 0.50
Common Stock, Dividends, Per Share, Declared	$ 0.30		$ 0.26		$ 0.60	$ 0.50

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				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic Earnings Per Share:
Net income available to common shareholders	$ 22,360	$ 26,357	$ 31,385	$ 40,996	$ 48,717	$ 72,381
Less: income allocated to participating securities	17		39		54	104
Net income allocated to common shareholders	$ 22,343		$ 31,346		$ 48,663	$ 72,277
Weighted average common shares outstanding including participating securities	35,608		37,322		35,816	37,327
Less: Participating securities	27		46		40	53
Average common shares	35,581		37,276		35,776	37,274
Basic earnings per common share	$ 0.63		$ 0.84		$ 1.36	$ 1.94
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 22,343		$ 31,346		$ 48,663	$ 72,277
Weighted average common shares outstanding for basic earnings per common share	35,581		37,276		35,776	37,274
Add: Dilutive effects of stock options and restricted stock units	101		82		104	77
Average shares and dilutive potential common shares	35,682		37,358		35,880	37,351
Diluted earnings per common share	$ 0.63		$ 0.84		$ 1.36	$ 1.94

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Basic [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	18,462,000	0	17,261,000	0

Investment Securities - Summary

Investment Securities - Summary of available-for-sale securities - (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 1,272,965	$ 1,211,353
Available-for-Sale Securities, Gross Unrealized Gains	1,015	9,866
Available-for-Sale Securities, Gross Unrealized Loss	(133,514)	(14,959)
Available-for-Sale Securities, Fair Value	1,140,466	1,206,260
Obligations of U.S. government corporations and agencies [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	174,154	174,644
Available-for-Sale Securities, Gross Unrealized Gains		984
Available-for-Sale Securities, Gross Unrealized Loss	(21,132)	(918)
Available-for-Sale Securities, Fair Value	153,022	174,710
Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	209,527	208,281
Available-for-Sale Securities, Gross Unrealized Gains	14	851
Available-for-Sale Securities, Gross Unrealized Loss	(24,145)	(2,381)
Available-for-Sale Securities, Fair Value	185,396	206,751
Collateralized mortgage obligations [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	315,850	264,541
Available-for-Sale Securities, Gross Unrealized Gains		363
Available-for-Sale Securities, Gross Unrealized Loss	(33,862)	(4,736)
Available-for-Sale Securities, Fair Value	281,988	260,168
Asset-backed securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	212,019	221,545
Available-for-Sale Securities, Gross Unrealized Gains	620	610
Available-for-Sale Securities, Gross Unrealized Loss	(7,657)	(1,619)
Available-for-Sale Securities, Fair Value	204,982	220,536
Corporate bonds [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	74,283	70,008
Available-for-Sale Securities, Gross Unrealized Gains	21	1,160
Available-for-Sale Securities, Gross Unrealized Loss	(3,392)	(275)
Available-for-Sale Securities, Fair Value	70,912	70,893
Obligations of state and political subdivisions [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	287,132	272,334
Available-for-Sale Securities, Gross Unrealized Gains	360	5,898
Available-for-Sale Securities, Gross Unrealized Loss	(43,326)	(5,030)
Available-for-Sale Securities, Fair Value	$ 244,166	$ 273,202

Investment Securities - Schedul

Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Marketable Securities [Abstract]
Available-for-sale, Due in one year or less, Amortized Cost	$ 3,100
Available-for-sale, Due after one year through five years, Amortized Cost	49,941
Available-for-sale, Due after five years through ten years, Amortized Cost	210,001
Available-for-sale, Due after ten years, Amortized Cost	272,527
Available-for-sale, MBS/CMO/ABS, Amortized Cost	737,396
Available-for-Sale Securities, Amortized Cost	1,272,965	$ 1,211,353
Available-for-sale, Due in one year or less, Fair Value	3,117
Available-for-sale, Due after one year through five years, Fair Value	47,457
Available-for-sale, Due after five years through ten years, Fair Value	192,538
Available-for-sale, Due after ten years, Fair Value	224,988
Available-for-sale,MBS/CMO/ABS, Fair Value	672,366
Available-for-sale, Fair Value	$ 1,140,466	$ 1,206,260

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Marketable Securities [Line Items]
Security Owned and Pledged as Collateral Carrying Value	$ 580,900,000		$ 580,900,000		$ 564,400,000
Realized available-for-sale securities gains (losses)	0	$ 1,500,000	0	$ 2,000,000
Preferred and common stock held as investment securities	13,293,000		13,293,000		14,097,000
Unrealized loss on equity securities	(1,161,000)	$ (808,000)	(1,804,000)	$ 802,000
Preferred and Common Stock [Member]
Marketable Securities [Line Items]
Preferred and common stock held as investment securities	$ 13,300,000		$ 13,300,000		$ 14,100,000

Investment Securities - Unreali

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Total temporarily impaired securities, Duration Unrealized Loss Position, Less Than Twelve Months, Fair Value	$ 879,769	$ 726,921
Total temporarily impaired securities, Duration of Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	(94,539)	(12,916)
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Fair Value	177,573	51,446
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Loss	(38,975)	(2,043)
Total temporarily impaired securities, Duration of Unrealized Loss Position, Fair Value	1,057,342	778,367
Total temporarily impaired securities, Duration of Unrealized Loss Position, Unrealized Loss	(133,514)	(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	145,333	73,810
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(18,573)	(918)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	7,689
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(2,559)
Available-for-sale securities, Total, Fair Value	153,022	73,810
Available-for-sale securities, Total, Unrealized Loss	(21,132)	(918)
Mortgage-Backed Securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	125,194	167,379
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(15,695)	(2,048)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	56,238	13,689
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(8,450)	(333)
Available-for-sale securities, Total, Fair Value	181,432	181,068
Available-for-sale securities, Total, Unrealized Loss	(24,145)	(2,381)
Collateralized mortgage obligations [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	245,728	222,134
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(28,311)	(4,736)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	36,260
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(5,551)
Available-for-sale securities, Total, Fair Value	281,988	222,134
Available-for-sale securities, Total, Unrealized Loss	(33,862)	(4,736)
Corporate bonds [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	65,177	24,173
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(3,346)	(270)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	1,213	504
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(46)	(5)
Available-for-sale securities, Total, Fair Value	66,390	24,677
Available-for-sale securities, Total, Unrealized Loss	(3,392)	(275)
Obligations of state and political subdivisions [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	137,603	99,199
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(21,179)	(3,355)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	69,408	34,548
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(22,147)	(1,675)
Available-for-sale securities, Total, Fair Value	207,011	133,747
Available-for-sale securities, Total, Unrealized Loss	(43,326)	(5,030)
Asset-backed securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Month, Fair Value	160,734	140,226
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Month, Gross Unrealized Loss	(7,435)	(1,589)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Month or Longer, Fair Value	6,765	2,705
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Month or Longer, Gross Unrealized Loss	(222)	(30)
Available-for-sale securities, Total, Fair Value	167,499	142,931
Available-for-sale securities, Total, Unrealized Loss	$ (7,657)	$ (1,619)

Loans - Loans receivable (Detai

Loans - Loans receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Real Estate:
Real Estate	$ 5,131,627		$ 4,480,630
Other Loans:
Loans before deferred loan origination fees and costs	6,570,113		5,767,039
Deduct:
Undisbursed construction loan funds	(688,849)		(477,890)
Net deferred loan origination fees and costs	9,559		7,019
Allowance for credit losses	(67,074)	$ (67,195)	(66,468)	$ (71,367)	$ (74,754)	$ (82,079)
Total loans	5,823,749		5,229,700
Other Loan [Member]
Other Loans:
Total loans	1,438,486		1,286,409
Residential Real Estate [Member]
Real Estate:
Real Estate	1,382,202		1,167,466
Commercial Real Estate [Member]
Real Estate:
Real Estate	2,655,730		2,450,349
Construction Loans [Member]
Real Estate:
Real Estate	1,093,695		862,815
Commercial [Member]
Other Loans:
Total loans	991,803		895,638
Deduct:
Allowance for credit losses	(9,762)	(13,821)	(13,410)	(12,211)	(12,191)	(11,665)
Home Equity and Improvement [Member]
Other Loans:
Total loans	266,144		264,354
Consumer Finance [Member]
Other Loans:
Total loans	180,539		126,417
Deduct:
Allowance for credit losses	$ (1,245)	$ (1,001)	$ (1,405)	$ (1,700)	$ (1,826)	$ (1,983)

Loans - Additional Information

Loans - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Cash paid for paycheck protection program			$ 636,900,000
Anticipated credit losses	$ 5,151,000	$ (3,631,000)	5,777,000	$ (11,145,000)
Loans and Leases Receivable, Loans in Process	688,849,000		688,849,000		$ 477,890,000
Scenario Plan [Member]
Anticipated credit losses			6,800,000
Subsequently Defaulted [Member]
Financing Receivable, Allowance for Credit Losses, Period Increase (decrease)				0
TDRs [Member]
Financing Receivable, Modifications, Recorded Investment	19,400,000		19,400,000		11,900,000
Specified Reserves, Provision for Troubled Debt Restructurings	593,000,000		593,000,000		378,000,000
Loans and Leases Receivable, Impaired, Commitment to Lend	277,000,000		277,000,000		348,000,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down			13,500,000
Financing Receivable, Allowance for Credit Losses, Period Increase (decrease)	399,000,000	$ 367,000,000	400,000,000	$ 373,000,000
TDRs [Member] | Subsequently Defaulted [Member]
Financing Receivable, Allowance for Credit Losses, Period Increase (decrease)	2,000,000		2,000,000
TDRs [Member] | Minimum [Member]
Loans receivable deferred	0		$ 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	2,600,000		$ 2,600,000		3,300,000
Other Loans [Member] | Commercial [Member]
PPP loans	4,600,000		4,600,000		$ 58,900,000
Unfunded Loan Commitments [Member]
Unfunded loan commitments	$ 1,700,000,000		$ 1,700,000,000

Loans - Schedule of allowance f

Loans - Schedule of allowance for credit loss (ACL) activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	$ 67,195	$ 74,754	$ 66,468	$ 82,079
Charge-Offs	(6,703)	(711)	6,992	(820)
Recoveries	1,431	955	1,821	1,253
Provisions	5,151	(3,631)	5,777	(11,145)
Ending Allowance	67,074	71,367	67,074	71,367
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	13,821	12,191	13,410	11,665
Charge-Offs	(5,303)	0	(5,313)	(70)
Recoveries	184	505	286	703
Provisions	1,060	(485)	1,379	(87)
Ending Allowance	9,762	12,211	9,762	12,211
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	1,001	1,826	1,405	1,983
Charge-Offs	(138)	(106)	(241)	(142)
Recoveries	37	38	151	65
Provisions	345	(58)	(70)	(206)
Ending Allowance	1,245	1,700	1,245	1,700
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	11,640	17,508	12,029	17,534
Charge-Offs	(861)	0	(1,001)	0
Recoveries	673	82	754	90
Provisions	2,661	(2,322)	2,331	(2,356)
Ending Allowance	14,113	15,268	14,113	15,268
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	34,201	35,272	32,399	43,417
Charge-Offs	(137)	(605)	(144)	(605)
Recoveries	455	153	514	189
Provisions	433	(359)	2,183	(8,540)
Ending Allowance	34,952	34,461	34,952	34,461
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	2,613	2,776	3,004	2,741
Charge-Offs	(16)	0	(16)
Recoveries	3		3	12
Provisions	399	(49)	8	(14)
Ending Allowance	2,999	2,739	2,999	2,739
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	3,919	5,181	4,221	4,739
Charge-Offs	(248)	0	(277)	(3)
Recoveries	79	165	113	194
Provisions	253	(358)	(54)	58
Ending Allowance	$ 4,003	$ 4,988	$ 4,003	$ 4,988

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	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 5,823,749	$ 5,229,700
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	15,329	20,199
Equipment and Machinery [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	616	160
Inventory and Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	7,287	14,023
Vehicles [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	0	25
Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	23,232	34,407
Real Estate Loans [Member] | Real Estate [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	56	226
Real Estate Loans [Member] | Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	12,614	18,399
Real Estate Loans [Member] | Inventory and Receivables [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,083
Real Estate Loans [Member] | Collateral Pledged [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	56	226
Real Estate Loans [Member] | Collateral Pledged [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	15,697	18,399
Other Loans [Member] | Real Estate [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,659	1,574
Other Loans [Member] | Equipment and Machinery [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	616	160
Other Loans [Member] | Inventory and Receivables [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,204	14,023
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	$ 7,479	$ 15,782

Loans - Schedule of Non-Perform

Loans - Schedule of Non-Performing Loans and Real Estate Owned (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Loans and Leases Receivable, Net Amount [Abstract]
Non-accrual loans with reserve	$ 25,088	$ 35,480
Non-accrual loans without reserve	9,647	12,534
Total non-performing loans	34,735	48,014
Real estate and other assets held for sale	462	171
Total non-performing assets	35,197	48,185
Troubled debt restructuring, still accruing	$ 5,899	$ 7,768

Loans - Schedule of Financing R

Loans - Schedule of Financing Receivables, Non Accrual Status (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 40,823	$ 38,683
Total Non-Accrual	34,735	48,014
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,850,000	5,257,485
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,556	3,603
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	8,157	10,200
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	29,110	24,880
Real Estate Loans [Member] | Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	11,071	13,061
Total Non-Accrual	6,237	9,034
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,363,720	1,144,533
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	272	234
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,970	5,340
Real Estate Loans [Member] | Residential [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,829	7,487
Real Estate Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	12,205	8,111
Total Non-Accrual	14,316	14,621
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,646,610	2,439,552
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	116	96
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	56	847
Real Estate Loans [Member] | Commercial Real Estate [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	12,033	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
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	404,846	383,136
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		43
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		1,746
Real Estate Loans [Member] | Construction [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		0
Other Loans [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,003	944
Total Non-Accrual	5,199	11,531
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	979,873	884,025
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		42
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	35
Other Loans [Member] | Commercial [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,003	867
Other Loans [Member] | Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,191	3,893
Total Non-Accrual	1,798	2,051
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	260,139	257,055
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,502	1,851
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	276	408
Other Loans [Member] | Home Equity and Improvement [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,413	1,634
Other Loans [Member] | Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,644	3,659
Total Non-Accrual	1,818	1,873
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	176,758	124,073
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,348	1,112
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	631	819
Other Loans [Member] | Consumer Finance [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,665	1,728
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,709	7,226
Total Non-Accrual	5,367	8,904
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	18,054	25,111
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	318	225
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,224	1,005
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 4,167	$ 5,996

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings on Financing Receivables (Details) - TDRs [Member] $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($) Loan	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2021 USD ($) Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	18	3	21	8
Troubled Debt Restructurings, Recorded Investment | $	$ 10,107	$ 968	$ 10,379	$ 1,827
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	7	1	8	3
Troubled Debt Restructurings, Recorded Investment | $	$ 761	$ 99	$ 1,013	$ 249
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	3		3
Troubled Debt Restructurings, Recorded Investment | $	$ 4,979		$ 4,979
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	3		3
Troubled Debt Restructurings, Recorded Investment | $	$ 79		$ 79
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	2	2	2	5
Troubled Debt Restructurings, Recorded Investment | $	$ 4,264	$ 869	$ 4,264	$ 1,578
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings, Number of Loans | Loan	3		5
Troubled Debt Restructurings, Recorded Investment | $	$ 24		$ 44

Loans - Troubled Debt Restruc_2

Loans - Troubled Debt Restructurings on Payments (Details) - Subsequently Defaulted [Member] $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($) Loan	Jun. 30, 2022 USD ($) Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | Loan	1	1
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | $	$ 63	$ 63
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled Debt Restructurings That Subsequently Defaulted, Number of Loans | Loan	1	1
Troubled Debt Restructurings That Subsequently Defaulted, Recorded Investment | $	$ 63	$ 63

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 5,890,823	$ 5,296,168
Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	5,741,988	5,097,203
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	99,991	129,430
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	48,844	69,535
Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	48,844	69,535
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,374,791	1,157,594
Residential Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,366,499	1,146,212
Residential Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,244	1,316
Residential Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,048	10,066
Residential Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,048	10,066
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,658,815	2,447,663
Commercial Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,556,783	2,324,846
Commercial Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	77,224	93,676
Commercial Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	24,808	29,141
Commercial Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	24,808	29,141
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	404,846	384,925
Construction Loans [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	404,846	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	984,876	884,969
Commercial [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	956,133	856,402
Commercial [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	21,428	14,815
Commercial [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,315	13,752
Commercial [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,315	13,752
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	263,330	260,948
Home Equity and Improvement [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	261,530	258,914
Home Equity and Improvement [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,800	2,034
Home Equity and Improvement [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,800	2,034
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	180,402	127,732
Consumer Finance [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	178,565	125,879
Consumer Finance [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,837	1,853
Consumer Finance [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,837	1,853
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	23,763	32,337
PCD [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	17,632	19,547
PCD [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	95	101
PCD [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	6,036	12,689
PCD [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 6,036	$ 12,689

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	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Total	$ 5,890,823	$ 5,296,168
Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	130,126	219,471
Year 1	412,375	374,409
Year 2	347,963	113,979
Year 3	98,632	66,550
Year 4	55,756	73,948
Prior	326,743	306,366
Revolving Loans	3,196	2,871
Total	1,374,791	1,157,594
Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	352,225	514,799
Year 1	511,906	499,494
Year 2	525,665	398,570
Year 3	345,256	247,314
Year 4	241,926	287,767
Prior	668,163	489,440
Revolving Loans	13,674	10,279
Total	2,658,815	2,447,663
Construction [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	250,401	198,221
Year 1	55,693	113,106
Year 2	52,861	55,707
Year 3		16,035
Year 4	143	1,711
Prior		145
Revolving Loans	45,748
Total	404,846	384,925
Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	157,390	293,780
Year 1	225,389	146,433
Year 2	112,921	88,785
Year 3	69,975	47,981
Year 4	34,260	25,921
Prior	36,527	21,832
Revolving Loans	348,414	260,237
Total	984,876	884,969
Home Equity and Improvement [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	13,189	24,722
Year 1	22,709	6,870
Year 2	6,126	4,895
Year 3	3,945	2,927
Year 4	2,153	5,561
Prior	33,541	32,007
Revolving Loans	181,667	183,966
Total	263,330	260,948
Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	79,005	50,398
Year 1	40,291	26,573
Year 2	21,744	23,619
Year 3	17,995	9,772
Year 4	6,455	4,380
Prior	4,341	2,900
Revolving Loans	10,571	10,090
Total	180,402	127,732
PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		237
Year 3	162	1,781
Year 4	418	5,102
Prior	18,366	19,087
Revolving Loans	4,817	6,130
Total	23,763	32,337
Pass [Member] | Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	130,126	219,006
Year 1	411,266	373,439
Year 2	347,138	112,781
Year 3	97,554	65,544
Year 4	55,195	71,794
Prior	322,932	301,735
Revolving Loans	2,288	1,913
Total	1,366,499	1,146,212
Pass [Member] | Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	349,863	514,333
Year 1	509,480	493,575
Year 2	525,116	388,117
Year 3	340,337	230,734
Year 4	220,518	237,712
Prior	598,695	451,113
Revolving Loans	12,774	9,262
Total	2,556,783	2,324,846
Pass [Member] | Construction [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	250,401	198,221
Year 1	55,693	100,606
Year 2	52,861	55,707
Year 3		10,039
Year 4	143	685
Prior		145
Revolving Loans	45,748
Total	404,846	365,403
Pass [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	154,208	293,644
Year 1	225,167	132,703
Year 2	106,555	84,668
Year 3	66,340	47,421
Year 4	33,826	24,269
Prior	30,543	17,038
Revolving Loans	339,494	256,659
Total	956,133	856,402
Pass [Member] | Home Equity and Improvement [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	13,189	24,707
Year 1	22,709	6,870
Year 2	6,126	4,867
Year 3	3,917	2,879
Year 4	2,117	5,534
Prior	32,902	31,317
Revolving Loans	180,570	182,740
Total	261,530	258,914
Pass [Member] | Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	78,957	50,202
Year 1	39,974	25,866
Year 2	20,955	23,000
Year 3	17,464	9,643
Year 4	6,353	4,313
Prior	4,294	2,769
Revolving Loans	10,568	10,086
Total	178,565	125,879
Pass [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		170
Year 3	158	1,753
Year 4	370	1,860
Prior	13,334	12,496
Revolving Loans	3,770	3,268
Total	17,632	19,547
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total	99,991	129,430
Special Mention [Member] | Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1		190
Year 2	185
Year 4	0	59
Prior	151	109
Revolving Loans	908	958
Total	1,244	1,316
Special Mention [Member] | Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	2,362	294
Year 1	289	5,349
Year 2		5,533
Year 3	307	11,055
Year 4	16,867	49,993
Prior	56,726	20,662
Revolving Loans	673	790
Total	77,224	93,676
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]
Current year	3,142
Year 1	101	2,180
Year 2	2,122	4,094
Year 3	3,630	272
Year 4	209	1,264
Prior	5,754	4,663
Revolving Loans	6,470	2,342
Total	21,428	14,815
Special Mention [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3		0
Year 4		0
Prior	95	101
Revolving Loans		0
Total	95	101
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total	48,844	69,535
Substandard [Member] | Residential [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		465
Year 1	1,109	780
Year 2	640	1,198
Year 3	1,078	1,006
Year 4	561	2,095
Prior	3,660	4,522
Revolving Loans	0
Total	7,048	10,066
Substandard [Member] | Commercial [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		172
Year 1	2,137	570
Year 2	549	4,920
Year 3	4,612	5,525
Year 4	4,541	62
Prior	12,742	17,665
Revolving Loans	227	227
Total	24,808	29,141
Substandard [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	40	136
Year 1	121	11,550
Year 2	4,244	23
Year 3	5	288
Year 4	225	388
Prior	230	131
Revolving Loans	2,450	1,236
Total	7,315	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	36	27
Prior	639	690
Revolving Loans	1,097	1,226
Total	1,800	2,034
Substandard [Member] | Consumer Finance [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	48	196
Year 1	317	707
Year 2	789	619
Year 3	531	129
Year 4	102	67
Prior	47	131
Revolving Loans	3	4
Total	1,837	1,853
Substandard [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		67
Year 3	4	28
Year 4	48	3,242
Prior	4,937	6,490
Revolving Loans	1,047	2,862
Total	$ 6,036	$ 12,689

Loans - Summary of Credit Loss

Loans - Summary of Credit Loss Estimation (Details)	6 Months Ended
	Jun. 30, 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 Residential Real Estate [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	Jun. 30, 2022	Dec. 31, 2021
Loan Balance	$ 23,763	$ 32,337
ACL Balance	1,181	2,040
Real Estate [Member]
Loan Balance	13,762	19,274
ACL Balance	183	348
Real Estate [Member] | Residential [Member]
Loan Balance	12,035	13,396
ACL Balance	154	197
Real Estate [Member] | Commercial Real Estate [Member]
Loan Balance	1,727	5,878
ACL Balance	29	151
Other Loans [Member]
Loan Balance	10,001	13,063
ACL Balance	998	1,692
Other Loans [Member] | Commercial [Member]
Loan Balance	6,831	9,167
ACL Balance	875	1,531
Other Loans [Member] | Home Equity and Improvement [Member]
Loan Balance	2,814	3,405
ACL Balance	118	154
Other Loans [Member] | Consumer Finance [Member]
Loan Balance	356	491
ACL Balance	$ 5	$ 7

Mortgage Banking - Net revenues

Mortgage Banking - Net revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Mortgage Banking [Abstract]
Mortgage banking gain, net	$ 1,166	$ 2,670	$ 3,710	$ 8,311
Mortgage loans servicing revenue (expense):
Mortgage loans servicing revenue	1,862	1,888	3,741	3,805
Amortization of mortgage servicing rights	(1,375)	(1,953)	(2,778)	(4,297)
Mortgage servicing rights valuation adjustments	295	(448)	1,527	4,872
Mortgage loans servicing revenue (expense), Total	782	(513)	2,490	4,380
Net revenue from sale and servicing of mortgage loans	$ 1,948	$ 2,157	$ 6,200	$ 12,691

Mortgage Banking - Additional i

Mortgage Banking - Additional information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Mortgage Banking [Abstract]
Residential Mortgage Loans, Unpaid Balance	$ 2,920,000,000		$ 2,920,000,000		$ 2,940,000,000
Expenses (credit) relating to secondary market buy-back activity	$ 0	$ 0	$ 0	$ 0

Mortgage Banking - Capitalized

Mortgage Banking - Capitalized Mortgage and Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Mortgage servicing assets:
Balance at beginning of period	$ 22,189	$ 21,696	$ 22,244	$ 21,666
Loans sold, servicing retained	1,059	1,939	2,407	4,313
Amortization	(1,375)	(1,953)	(2,778)	(4,297)
Carrying value before valuation allowance at end of period	21,873	21,682	21,873	21,682
Valuation allowance:
Balance at beginning of period	(1,474)	(3,193)	(2,707)	(8,513)
Impairment recovery (charges)	294	(448)	1,527	4,872
Balance at end of period	(1,180)	(3,641)	(1,180)	(3,641)
Net carrying value of MSRs at end of period	20,693	18,041	20,693	18,041
Fair value of MSRs at end of period	$ 26,927	$ 18,054	$ 26,927	$ 18,054

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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 7 months 2 days		13 years 7 months 2 days		14 years 2 months 15 days
Operating lease, weighted average discount rate	2.54%		2.54%		2.57%
Operating Lease, cost	$ 540,000	$ 664,000	$ 1,100,000	$ 1,200,000
Operating Lease, right-of-use asset	15,400,000		15,400,000		$ 15,400,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		Other assets		Other assets	Other assets
Operating Lease, liability	$ 16,115,000		$ 16,115,000		$ 16,100,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities		Other liabilities
Minimum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, renewal term	5 years		5 years
Maximum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, renewal term	10 years		10 years

Leases - Schedule of Undiscount

Leases - Schedule of Undiscounted Cash Flows Included in Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Remainder of 2022	$ 2,600
2023	2,091
2024	1,697
2025	1,472
2026	1,217
Thereafter	11,772
Total undiscounted minimum lease payment	20,849
Present value adjustment	(4,734)
Operating Lease, liability	$ 16,115	$ 16,100

Deposits - Summary of Deposit B

Deposits - Summary of Deposit Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Non-interest-bearing checking accounts	$ 1,786,516	$ 1,724,772
Interest-bearing checking and money market accounts	3,106,306	2,952,705
Savings deposits	(832,859)	804,451
Retail certificates of deposit less than $250,000	532,836	636,477
Retail certificates of deposit greater than $250,000	257,827	163,646
Total	$ 6,516,344	$ 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	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total	$ 380,000
Junior subordinated debentures owed to unconsolidated subsidiary trusts	36,083	$ 36,083
Subordinated debentures	48,956	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
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Overnight Advances	130,000
Single maturity fixed rate advances	$ 250,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2020	Dec. 31, 2021
Debt Instrument [Line Items]
Advances from the Federal Home Loan Bank	$ 380,000		$ 0
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	3.33%		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.
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%
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	$ 380,000		$ 0

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingent Liabilities - Maximum obligation to extend credit (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments to make loans	$ 1,244,907	$ 1,175,916
Unused lines of credit	969,220	626,348
Standby letters of credit	10,955	10,851
Total	$ 2,225,082	$ 1,813,115

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingent Liabilities - Additional Information (Details)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Current:
Federal	$ 6,053	$ 9,239	$ 11,867	$ 15,600
State and local	192	165	355	328
Deferred	(799)	(1,081)	(606)	2,346
Income Tax Expense (Benefit)	$ 5,446	$ 8,323	$ 11,616	$ 18,274

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Tax expense (benefit) at statutory rate (21%)	$ 5,840	$ 8,287	$ 12,670	$ 19,036
Increases (decreases) in taxes from:
State income tax - net of federal tax benefit	152	131	280	259
Tax exempt interest income, net of TEFRA	(188)	(228)	(374)	(428)
Bank owned life insurance	(206)	(181)	(415)	(426)
Captive insurance	(96)	(102)	(201)	(192)
Other	(56)	416	(344)	25
Income Tax Expense (Benefit)	$ 5,446	$ 8,323	$ 11,616	$ 18,274

Income Taxes - Schedule of Ef_2

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Parenthetical) - (Details)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Derivatives Fair Value [Line Items]
Interest Rate Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net	$ 29,100		$ 29,100		$ 65,400
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments	325,000		325,000		305,000
Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments	68,000		68,000		69,400
Noninterest income expense	1,000	$ (55,000)	1,000	$ 143,000
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		250,000
Other Assets [Member] | Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative assets	3,300		3,300		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	27,800		27,800		854,000
Other Liabilities [Member] | Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Fair value of derivative liabilities	$ 3,300		$ 3,300		$ 1,300

Derivative Financial Instrume_4

Derivative Financial Instruments - Carrying values (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives Assets, Carrying Value	$ 1,851	$ 2,336

Derivative Financial Instrume_5

Derivative Financial Instruments - Amount of gains and losses recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives – Gain (Loss)	$ (8,072)	$ (3,780)	$ (485)	$ 324

Derivative Financial Instrume_6

Derivative Financial Instruments - Summary of Interest Rate Swap Designated as Cash Flow Hedge (Details) - Designated as Cash Flow Hedge [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional amount	$ 250,000
Interest Rate Swaps [Member]
Derivative [Line Items]
Notional amount		$ 250,000
Weighted average fixed receive rates	1.437%	1.437%
Weighted average remaining maturity (in years)	8 years 8 months 12 days	9 years 3 months 18 days
Fair value	$ 27,849	$ 854
Interest Rate Swaps [Member] | 1-Month LIBOR
Derivative [Line Items]
Weighted average variable 1-month LIBOR pay rates	1.798%	0.089%

Other Comprehensive (Loss) In_3

Other Comprehensive (Loss) Income - Reclassification adjustments (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Securities available for sale and transferred securities: Before Tax Amount
Change in net unrealized gain/loss during the period	$ (53,212)		$ 11,985		$ (127,405)	$ (7,127)
Reclassification adjustment for net gains included in net income			(1,469)			(1,985)
Total other comprehensive gain (loss)	(64,881)		14,500		(156,108)	(5,128)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period, Before tax	(13,710)		4,434		(29,951)	4,434
Reclassification adjustment for net gains included in net income, Before tax	2,041		(450)		1,248	(450)
Change in net unrealized gain/loss during the period, Tax (expense) benefit	2,879		(932)		6,290	(932)
Reclassification adjustment for net gains included in net income, Tax (expense) benefit	(429)		95		(262)	95
Total other comprehensive gain (loss)	13,624		(3,045)		32,782	1,077
Change in net unrealized gain/loss during the period, Net of tax	(10,831)		3,502		(23,661)	3,502
Reclassification adjustment for net gains included in net income, Net of tax	1,612		(355)		986	(355)
Total other comprehensive income (loss)	(51,257)	$ (72,069)	11,455	$ (15,506)	(123,326)	(4,051)
Securities available for sale and transferred securities: Tax (Expense) Benefit
Change in net unrealized gain/loss during the period	11,174		(2,517)		26,754	1,497
Reclassification adjustment for net gains included in net income			309			417
Total other comprehensive gain (loss)	13,624		(3,045)		32,782	1,077
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	(42,038)		9,468		(100,651)	(5,630)
Reclassification adjustment for net gains included in net income			(1,160)			(1,568)
Total other comprehensive income (loss)	$ (51,257)	$ (72,069)	$ 11,455	$ (15,506)	$ (123,326)	$ (4,051)

Other Comprehensive (Loss) In_4

Other Comprehensive (Loss) Income - Activity in AOCI, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Securities Available For Sale, Beginning balance			$ (4,023)	$ 15,083
Securities Available For Sale, Other comprehensive income (loss) before reclassifications			(100,651)	(5,630)
Securities Available For Sale, Amounts reclassified from accumulated other comprehensive income			0	(1,568)
Securities Available For Sale, Net other comprehensive income during period			(100,651)	(7,198)
Securities Available For Sale, Ending balance	$ (104,674)	$ 7,885	(104,674)	7,885
Post-retirement Benefit, Beginning balance			(79)	(79)
Post-retirement Benefit, Ending balance	(79)	(79)	(79)	(79)
Cash Flow hedge Derivatives, Beginning balance			674
Cash Flow Hedge Derivatives, Other comprehensive income (loss) before reclassifications			(23,661)	3,502
Cash Flow Hedge Derivatives, Amounts reclassified from accumulated other comprehensive income	1,612	(355)	986	(355)
Net of tax amount	(9,219)	3,147	(22,675)	3,147
Cash Flow hedge Derivatives, Ending balance	(22,001)	3,147	(22,001)	3,147
Accumulated Other Comprehensive Income (Loss), Beginning balance			(3,428)	15,004
Accumulated Other Comprehensive Income (Loss), Other comprehensive income (loss) before reclassifications			(124,312)	(2,128)
Accumulated Other Comprehensive Income (Loss), Amounts reclassified from accumulated other comprehensive income			986	(1,923)
Accumulated Other Comprehensive Income (loss), Net other comprehensive income during period			(123,326)	(4,051)
Accumulated Other Comprehensive Income (Loss), Ending balance	$ (126,754)	$ 10,953	$ (126,754)	$ 10,953

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill	$ 317,948	$ 317,948

Business Combinations - Schedul

Business Combinations - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	$ 317,948	$ 317,948