Premier Financial (PFC) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2023
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		35,728,266
Entity Central Index Key	0000946647
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	PFC
City Area Code	419
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	601 Clinton Street
Entity Address, City or Town	Defiance
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43512
Entity File Number	0-26850
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1803915
Local Phone Number	785-8700

Consolidated Condensed Statemen

Consolidated Condensed Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Cash and cash equivalents:
Cash and amounts due from depository institutions	$ 68,628	$ 88,257
Interest-bearing deposits	88,399	39,903
Cash and cash equivalents, federal funds sold	157,027	128,160
Securities available-for-sale, carried at fair value	998,128	1,040,081
Equity securities, carried at fair value	6,387	7,832
Loans held for sale, carried at fair value	119,604	115,251
Loans receivable, net of allowance for credit losses of $74,273 at March 31, 2023 and $72,816 at December 31, 2022, respectively	6,501,556	6,387,804
Mortgage servicing rights	20,654	21,171
Accrued interest receivable	29,388	28,709
Federal Home Loan Bank stock	37,056	29,185
Bank owned life insurance	170,841	170,713
Premises and equipment	55,982	55,541
Real estate and other assets held for sale	393	619
Goodwill	317,988	317,988
Core deposit and other intangibles	17,804	19,074
Other assets	129,508	133,214
Total assets	8,562,316	8,455,342
Liabilities:
Deposits	6,774,031	6,906,719
Advances from Federal Home Loan Bank	658,000	428,000
Subordinated debentures	85,123	85,103
Advance payments by borrowers	26,300	34,188
Reserve for credit losses - unfunded commitments	6,577	6,816
Other liabilities	97,835	106,795
Total liabilities	7,647,866	7,567,621
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 35,701,244 and 35,591,277 shares outstanding at March 31, 2023 and December 31, 2022, respectively	306	306
Additional paid-in capital	689,807	691,453
Accumulated other comprehensive loss, net of tax of $(40,859) and $(46,323), respectively	(153,709)	(173,460)
Retained earnings	510,021	502,909
Treasury stock, at cost, 7,596,016 shares at March 31, 2023 and 7,705,983 shares at December 31, 2022	(131,975)	(133,487)
Total stockholders’ equity	914,450	887,721
Total liabilities and stockholders’ equity	$ 8,562,316	$ 8,455,342

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans receivable, allowance (in dollars)	$ 74,273	$ 72,816
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	35,701,244	35,591,277
Accumulated other comprehensive loss, tax effect (in dollars)	$ (40,859)	$ (46,323)
Treasury stock, shares	7,596,016	7,705,983
Cumulative Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	37,000	37,000
Preferred stock, shares issued	0	0

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Income - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Interest Income
Loans	$ 76,057,000	$ 55,241,000
Investment securities:
Taxable	6,608,000	4,610,000
Non-taxable	653,000	869,000
Interest-bearing deposits	444,000	46,000
FHLB stock dividends	394,000	59,000
Total interest income	84,156,000	60,825,000
Interest Expense
Deposits	21,458,000	2,222,000
FHLB advances and other	5,336,000	13,000
Subordinated debentures	1,075,000	696,000
Notes payable	0	0
Total interest expense	27,869,000	2,931,000
Net interest income	56,287,000	57,894,000
Credit loss expense (benefit) - loans and leases	3,944,000	626,000
Credit loss expense (benefit) - unfunded commitments	(238,000)	309,000
Net interest income after credit (benefit) loss expense	52,581,000	56,959,000
Non-interest Income
Service fees and other charges	6,428,000	6,000,000
Insurance commissions	4,725,000	4,639,000
Mortgage banking (loss) income	(274,000)	4,252,000
Gain on sale of securities available for sale	34,000	0
Gain (loss) on equity securities	(1,445,000)	(643,000)
Wealth management income	1,485,000	1,477,000
Income from Bank Owned Life Insurance	1,417,000	996,000
Other non-interest income	92,000	142,000
Total non-interest income	12,462,000	16,863,000
Non-interest Expense
Compensation and benefits	25,658,000	25,541,000
Occupancy	3,574,000	3,700,000
FDIC insurance premium	1,288,000	593,000
Financial institutions tax	852,000	1,191,000
Data processing	3,863,000	3,335,000
Amortization of intangibles	1,270,000	1,438,000
Other non-interest expense	6,286,000	5,497,000
Total non-interest expense	42,791,000	41,295,000
Income before income taxes	22,252,000	32,527,000
Income tax expense	4,103,000	6,170,000
Net income	$ 18,149,000	$ 26,357,000
Earnings per common share
Basic	$ 0.51	$ 0.73
Diluted	$ 0.51	$ 0.73

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 18,149	$ 26,357
Other comprehensive income (loss):
Unrealized gains (losses) on securities available for sale	18,399	(74,193)
Reclassification adjustment for securities (gains) losses included in net income	(34)	0
Income tax effect	(3,857)	15,580
Net of tax amount	14,508	(58,613)
Unrealized gain (loss) on balance sheet swap	8,586	(16,241)
Reclassification adjustment for cash flow hedge derivatives gains included in net income	(1,949)	(793)
Income tax effect	(1,394)	3,578
Net of tax amount	5,243	(13,456)
Total other comprehensive income (loss)	19,751	(72,069)
Comprehensive income (loss)	$ 37,900	$ (45,712)

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 Loss [Member]	Retained Earnings [Member]	Treasury Stock [Member]
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
Vesting of incentive plans	1,006		760			246
Vesting of incentive plans (in shares)		5,660
Restricted share issuance	(246)		(597)			351
Restricted share issuance (in shares)		19,936
Restricted share forfeitures	(216)		69			(285)
Restricted share forfeitures (in shares)		(5,398)
Shares repurchased	(24,245)					(24,245)
Shares repurchased (In Shares)		(793,166)
Common stock dividend payment	(10,787)				(10,787)
Balance at Mar. 31, 2022	943,296	$ 306	691,350	(75,497)	459,087	(131,950)
Balance (in shares) at Mar. 31, 2022		35,620,578
Balance at Dec. 31, 2022	887,721	$ 306	691,453	(173,460)	502,909	(133,487)
Balance (in shares) at Dec. 31, 2022		35,591,277
Net income	18,149				18,149
Other comprehensive income (loss)	19,751			19,751
Deferred compensation plan			75			(75)
Deferred compensation plan (in shares)		9,196
Stock based compensation expenses	125		112			13
Stock based compensation expenses, (in shares)		753
Vesting of incentive plans			(1,078)			1,078
Vesting of incentive plans (in shares)		62,061
Shares issued under stock option plan	125		112			13
Shares issued under stock option plan (in shares)		753
Restricted share issuance	296		(755)			1,051
Restricted share issuance (in shares)		60,526
Restricted share forfeitures	(544)					(544)
Restricted share forfeitures (in shares)		(22,178)
Shares repurchased	(11)					(11)
Shares repurchased (In Shares)		(391)
Common stock dividend payment	(11,037)				(11,037)
Balance at Mar. 31, 2023	$ 914,450	$ 306	$ 689,807	$ (153,709)	$ 510,021	$ (131,975)
Balance (in shares) at Mar. 31, 2023		35,701,244

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividend payment per share	$ 0.31	$ 0.30

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Activities
Net income	$ 18,149,000	$ 26,357,000
Items not requiring (providing) cash:
Provision for credit losses	3,706,000	935,000
Depreciation	1,348,000	1,466,000
Amortization of premium and discounts on loans, securities, deposits and debt obligations	4,090,000	1,882,000
Amortization of mortgage servicing rights, net of impairment charges/recoveries	1,325,000	170,000
Amortization of intangibles	1,270,000	1,438,000
Change in deferred taxes	615,000	193,000
Proceeds from the sale of loans held for sale	72,365,000	122,952,000
Originations of loans held for sale	(78,363,000)	(112,308,000)
Mortgage banking loss (gain), net	837,000	(2,543,000)
Loss (gain) on sale / write-down of real estate and other assets held for sale	36,000	(6,000)
Loss (gain) on sale of available for sale securities	(34,000)	0
Loss (gain) on equity securities	1,445,000	643,000
Stock based compensation expense	421,000	760,000
Restricted stock forfeitures for taxes and option exercises	(544,000)	(216,000)
Income from bank owned life insurance	(994,000)	(996,000)
Changes in:
Accrued interest receivable and other assets	(2,838,000)	(20,838,000)
Other liabilities	(2,325,000)	12,124,000
Net cash provided by operating activities	20,509,000	32,013,000
Investing Activities
Proceeds from maturities, calls and pay-downs of available-for-sale securities	42,940,000	32,299,000
Proceeds from sale of available-for-sale securities	16,238,000	0
Proceeds from sale of premises and equipment, real estate and other assets held for sale	348,000	44,000
Purchases of available-for-sale securities	0	(122,459,000)
Net change in Federal Home Loan Bank stock	(7,871,000)	(3,747,000)
Purchases of premises and equipment, net	(1,789,000)	(548,000)
Investment in bank owned life insurance	866,000	0
Net increase in loans receivable	(120,971,000)	(91,416,000)
Net cash used in investing activities	(70,239,000)	(185,827,000)
Financing Activities
Net (decrease) increase in deposits and advance payments by borrowers	(140,355,000)	31,046,000
Net change in Federal Home Loan Bank advances	230,000,000	150,000,000
Net cash paid for repurchase of common stock	(11,000)	(24,245,000)
Cash dividends paid on common stock	(11,037,000)	(10,787,000)
Net cash provided by financing activities	78,597,000	146,014,000
Increase (decrease) in cash and cash equivalents	28,867,000	(7,800,000)
Cash and cash equivalents at beginning of period	128,160,000	161,566,000
Cash and cash equivalents at end of period	157,027,000	153,766,000
Supplemental cash flow information:
Interest paid	27,665,000	3,430,000
Income taxes paid	0	0
Initial recognition of right-of-use asset	25,000	0
Initial recognition of lease liability	25,000	0
Transfers from loans to real estate and other assets held for sale	$ 0	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation Premier Financial Corp. (“Premier” or the “Company”) is a financial 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 ("MBS") 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, 2022, 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, 2022 ("2022 Form 10-K"). The accompanying consolidated condensed financial statements as of March 31, 2023, and for the three months ended March 31, 2023 and 2022 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 2022 Form 10-K. However, in the opinion of management, all adjustments, consisting of only normal recurring items, necessary for the fair presentation of the financial statements have been made. The results for the three months ended March 31, 2023 , are not necessarily indicative of the results that may be expected for the entire year.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Accounting Standards Update ASU No. 2020-04: Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848): On March 12, 2020, the FASB issued Accounting Standards Update (ASU) 2020-4, "Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASC 848 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rates expected to be discontinued. The Company has formed a cross-functional project team to lead the transition from LIBOR to adoption of alternative reference rates which include Secured Overnight Financing Rate (“SOFR”). The Company identified outstanding loans with LIBOR-based rates and obtained updated reference rate language either at the time of renewal or through separate amendment, or otherwise established that an alternate reference rate will apply after June 30, 2023. 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 adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020. The Company discontinued the use of new LIBOR-based loans by December 31, 2021, according to regulatory guidelines. On December 21, 2022, the FASB issued ASU 2022-06, "Reference Rare Reform (Topic 848): Deferral of the Sunset of Date of Topic 848," which extends the sunset date of ASC Topic 848, "Reference Rate Reform," to December 31, 2024. 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 eliminated troubled debt restructuring ("TDR") accounting for entities that have adopted ASU 2016-13, the current expected credit loss ("CECL") model and added new vintage disclosures for gross write-offs. The elimination of TDR accounting could be adopted either prospectively for loan modifications or on a modified retrospective basis that could result in a cumulative effect adjustment to retained earnings in the period of adoption. The Company adopted ASU 2022-02 on January 1, 2023 on a modified retrospective basis. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. Therefore, the Company did not make an adjustment to retained earnings. The effect of adoption is included in provision for 2023. ASU No. 2023-01, Leases (Topic 842): Common Control Arrangements: On March 27, 2023, the FASB issued ASU 2023-01 “Leases (Topic 842): Common Control Arrangements” in order to improve the guidance for applying this topic to arrangements between entities under common control. This ASU also requires all entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. ASU 2023-01 is effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, however, if an entity adopts these amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes the interim period. The Company does not anticipate any material effect on the Company upon adoption.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2023
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, MBS, asset-backed securities ("ABS"), 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 5 day forward contract price for 15 or 30 years conventional mortgages which is then adjusted for unobservable market data such as estimated fall out rates and estimated time from origination to completion of construction (Level 3). Collateral dependent loans - Fair values for individually analyzed collateral dependent loans are generally based on appraisals obtained from licensed real estate appraisers and in certain circumstances consideration of offers obtained to purchase properties prior to foreclosure. Appraisals for commercial real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value on the cost to replace the current property. Value of market comparison approach evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and an investor’s required return. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Comparable sales adjustments are based on known sales prices of similar type and similar use properties and duration of time that the property has been on the market to sell. Such adjustments made in the appraisal process are typically significant and result in a Level 3 classification of the inputs for determining fair value. Real estate held for sale - Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are then reviewed monthly by members of the asset review committee for valuation changes and are accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which may utilize a single valuation approach or a combination of approaches including cost, comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for both individually analyzed collateral-dependent loans and other real estate owned ("OREO") are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the Company’s asset quality or collections department reviews the assumptions and approaches utilized in the appraisal. Appraisal values are discounted from 0 % to 30 % to account for other factors that may impact the value of collateral. In determining the value of individually analyzed collateral dependent loans and OREO, significant unobservable inputs may be used, which include but are not limited to: physical condition of comparable properties sold, net operating income generated by the property and investor rates of return. Mortgage servicing rights - On a quarterly basis, mortgage servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded on that tranche so that the servicing asset is carried at fair value. Fair value is determined at a tranche level based on a model that calculates the present value of estimated future net servicing income. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and are validated against available market data (Level 2). Mortgage banking derivative - The fair value of mortgage banking derivatives are evaluated monthly based on derivative valuation models using quoted prices for similar assets adjusted for specific attributes of the commitments and other observable market data at the valuation date (Level 2). Interest rate swaps – The Company periodically enters into interest rate swap agreements with its commercial customers who desire a fixed rate loan term that is longer than the Company is willing to extend. The Company then enters into a reciprocal swap agreement with a third party that offsets the interest rate risk from the interest rate swap extended to the customer. The interest rate swaps are derivative instruments which are carried at fair value on the statement of financial condition. The Company uses an independent third party to perform a market valuation analysis for both swap positions (Level 2). The Company also enters into cash flow hedge derivative instruments to hedge the risk of variability in cash flows (future interest payments) attributable to changes in the contractually specified LIBOR benchmark interest rate on the Company’s floating rate loan pool. The Company uses an independent third party to perform a market valuation analysis for these derivatives (Level 2). The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Recurring Basis March 31, 2023 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 97,639 $ — $ 97,639 Mortgage-backed securities — 166,760 — 166,760 Collateralized mortgage obligations — 248,382 — 248,382 Asset-backed securities — 159,637 — 159,637 Corporate bonds — 63,759 — 63,759 Obligations of state and political subdivisions — 212,565 — 212,565 US Treasuries 49,386 — — 49,386 Equity securities 6,387 — — 6,387 Loans held for sale, at fair value — 22,324 97,280 119,604 Interest rate swaps — 4,180 — 4,180 Liabilities: Interest rate swaps — 4,180 — 4,180 Cash flow hedge derivative — 33,395 — 33,395 Mortgage banking derivatives — 1,348 — 1,348 December 31, 2022 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 95,909 $ — $ 95,909 Mortgage-backed securities — 167,589 — 167,589 Collateralized mortgage obligations — 249,805 — 249,805 Asset-backed securities — 192,504 — 192,504 Corporate bonds — 64,482 — 64,482 Obligations of state and political subdivisions — 221,594 — 221,594 US Treasuries 48,198 — — 48,198 Equity securities 7,832 — — 7,832 Loans held for sale, at fair value — 23,589 91,662 115,251 Interest rate swaps — 4,494 — 4,494 Mortgage banking derivatives — 1,349 — 1,349 Liabilities: Interest rate swaps — 4,494 — 4,494 Cash flow hedge derivative — 40,032 — 40,032 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 months ended March 31, 2023 and 2022 . There were no securities that were measured at Level 3 for the three months ended March 31, 2023 and 2022. Construction loans held for sale Three Months Ended 2023 2022 Balance of recurring Level 3 assets at beginning of period $ 91,662 $ 134,167 Total gains (losses) for the period Included in change in fair value of loans held for sale 5,971 ( 13,459 ) Originations 23,181 36,343 Sales ( 23,534 ) ( 40,567 ) Balance of recurring Level 3 assets at end of period $ 97,280 $ 116,484 For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 97,280 Adjusted secondary market pricing Adjustments 0.00 % - 0.14 % December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 91,662 Adjusted secondary market pricing Adjustments 0.00 % - 1.04 % The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Non-Recurring Basis March 31, 2023 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 5,260 $ 5,260 Commercial — — 4,861 4,861 Mortgage servicing rights $ — $ 2,513 $ — $ 2,513 December 31, 2022 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 3,512 $ 3,512 Commercial — — 5,492 5,492 Mortgage servicing rights $ — $ 5,126 $ — $ 5,126 For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2023, 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- $ 6,263 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 22.46 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,146 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 28.29 % The Company has elected the fair value option for new applications accepted after January 31, 2020, and subsequently originated for residential mortgage and permanent construction loans held for sale. These loans are intended for sale and the Company believes that fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policies. The aggregate fair value of the residential mortgage loans held for sale at March 31, 2023 and December 31, 2022 was $ 22.3 million and $ 23.6 million, respectively, and they had a contractual balance of $ 23.4 million and $ 25.3 million, respectively, for these same periods. The difference between the fair value and the contractual balance is recorded in gains and losses on the sale of loans held for sale. For the three months ended March 31, 2023 , $ 367,000 was recorded in gains on the sale of loans held for sale for the change in fair value. For the three months ended March 31, 2022 , $ 1.5 million was recorded in losses on the sale of loans held for sale for the change in fair value. The aggregate fair value of the permanent construction loans held for sale at March 31, 2023 and December 31, 2022 , was $ 97.3 million and $ 91.7 million, respectively, and they had a contractual balance of $ 102.7 million and $ 103.1 million, respectively, for these same periods. The difference between the fair value and the contractual balance is recorded in gains and losses on the sale of loans held for sale. For the three months ended March 31, 2023 , $ 6.0 million was recorded in gains on the sale of loans held for sale for the change in fair value. For the three months ended March 31, 2022 , $ 13.4 million was recorded in losses on the sale of loans held for sale for the change in fair value. In accordance with FASB ASC Topic 825, the Fair Value Measurements tables are a comparative condensed consolidated statement of financial condition based on carrying amount and estimated fair values of financial instruments as of March 31, 2023, and December 31, 2022 . 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 resulting in a Level 2 classification. FHLB advances with maturities greater than 90 days are valued based on a DCF analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at March 31, 2023. The carrying value and estimated fair values of financial instruments at March 31, 2023 and December 31, 2022, were as follows: Fair Value Measurements at March 31, 2023 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 157,027 $ 157,027 $ 157,027 $ — $ — Federal Home Loan Bank Stock 37,056 N/A N/A N/A N/A Loans receivable, net 6,501,556 6,267,202 — — 6,267,202 Accrued interest receivable 29,388 29,388 29,388 — — Financial Liabilities: Deposits $ 6,774,031 $ 6,778,208 $ 5,605,298 $ 1,172,910 $ — Advances from Federal Home Loan Bank 658,000 657,994 — 657,994 — Subordinated debentures 85,123 73,758 — — 73,758 Fair Value Measurements at December 31, 2022 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 128,160 $ 128,160 $ 128,160 $ — $ — Federal Home Loan Bank Stock 29,185 N/A N/A N/A N/A Loans receivable, net 6,387,804 6,129,814 — — 6,129,814 Accrued interest receivable 28,709 28,709 28,709 — — Financial Liabilities: Deposits $ 6,906,719 $ 6,881,110 $ 5,852,952 $ 1,028,158 $ — Advances from Federal Home Loan Bank 428,000 427,999 — 427,999 $ — Subordinated debentures 85,103 76,989 — — 76,989

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2023
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 remain subject to the terms of the 2015 Plan, but 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. 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, restricted stock, stock, stock appreciation rights, 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, stock, restricted stock, stock units, stock appreciation rights, or performance stock awards. Beginning in 2023, directors were able to elect to receive stock in lieu of cash for their director fees. In the first quarter of 2023 , the company recognized $ 6,000 in expense for 753 shares that were issued to directors. The Company maintains Long-Term Equity Incentive Plans (each, an "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 66,482 performance stock units ("PSUs") to the participants under the Executive LTIP during the first quarter of 2023 , which represents the maximum target award. The value of awards issued in 2021, 2022 and 2023 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 of the participant. The maximum amount of compensation expense that may be earned for the PSUs at March 31, 2023 is approximately $ 5.6 million in the aggregate. However, the estimated expense that is expected to be earned as of March 31, 2023 is $ 3.5 million, of which $ 865,000 was unrecognized at March 31, 2023 , and will be recognized over the remaining performance periods. A reduction in expense of $ 338,000 was recorded during the three months ended March 31, 2023 compared to expense of $ 499,000 for the three months ended March 31, 2022. Beginning in 2022, under the Key Plan, the participants were granted restricted stock awards ("RSAs") based upon the achievement of certain targets in the prior year. Prior to 2022, restricted stock units ("RSUs") were issued to participants under the same plan. The participants can earn from 5 % to 10 % of their salary in RSAs or RSUs, that vest three years from the date of grant. The Company granted 25,044 in RSAs and 19,612 RSUs in the first quarter of 2023 and 2022, respectively, as a payout under the Key Plan. In the three months ended March 31, 2023 , the Company also granted 13,655 discretionary RSAs that vest over a three year time period. At March 31, 2023 , a total of 159,938 RSAs were outstanding. Compensation expense is recognized over the performance or vesting period. Total expense of $ 444,000 was recorded during the three months ended March 31, 2023 compared to expense of $ 262,000 for the three months ended March 31, 2022 . Approximately $ 546,000 and $ 2.1 million is included within other liabilities at March 31, 2023 and December 31, 2022, respectively, related to the cash portion of the Company's Short-Term Incentive Plans. The following table sets forth Premier's performance and restricted stock activity during the three months ended March 31, 2023: Performance Stock Units Restricted Stock Units Restricted Stock Awards Unvested Shares Shares Weighted- Shares Weighted- Shares Weighted- Unvested at January 1, 2023 229,813 $ 29.12 31,796 $ 28.44 99,412 $ 29.14 Granted 66,482 24.78 — — 60,526 24.84 Vested ( 55,435 ) 26.48 ( 6,626 ) 22.41 — — Forfeited ( 23,298 ) 26.48 — — — — Unvested at March 31, 2023 217,562 $ 28.75 25,170 $ 30.03 159,938 $ 27.51 As of March 31, 2023 , 29,661 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 three months ended March 31, 2023 and 2022. Following is stock option activity under the plans during the three months ended March 31, 2023: Options Weighted Weighted Aggregate Options outstanding, January 1, 2023 29,661 $ 22.54 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, March 31, 2023 29,661 $ 22.54 3.84 $ 43,909 Exercisable at March 31, 2023 29,661 $ 22.54 3.84 $ 43,909 As of March 31, 2023 , 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 one month .

Dividends on Common Stock

Dividends on Common Stock	3 Months Ended
	Mar. 31, 2023
Dividends, Common Stock [Abstract]
Dividends on Common Stock	5. Dividends on Common Stock Premier declared and paid a $ 0.31 per common stock dividend in the first quarter of 2023 and declared and paid a $ 0.30 per common stock dividend in the first quarter of 2022 .

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2023
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 2023 2022 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 18,149 $ 26,357 Less: income allocated to participating securities 42 35 Net income allocated to common shareholders 18,107 26,322 Weighted average common shares outstanding including 35,649 36,026 Less: Participating securities 43 48 Average common shares 35,606 35,978 Basic earnings per common share $ 0.51 $ 0.73 Diluted Earnings Per Share: Net income allocated to common shareholders $ 18,107 $ 26,322 Weighted average common shares outstanding for basic earnings 35,606 35,978 Add: Dilutive effects of stock options and restricted stock units 113 112 Average shares and dilutive potential common shares 35,719 36,090 Diluted earnings per common share $ 0.51 $ 0.73 There were 627 shares for the three months ended March 31, 2023 that were excluded from the diluted earnings per common share calculation. There were 16,206 shares for the three months ended March 31, 2022 that were excluded from the dilutive earnings per common share calculation.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2023
Marketable Securities [Abstract]
Investment Securities	7. Investment Securities The following is a summary of available-for-sale securities: Amortized Gross Gross Fair Value (In Thousands) At March 31, 2023 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 116,965 $ — $ ( 19,326 ) $ 97,639 Mortgage-backed securities 196,976 — ( 30,216 ) 166,760 Collateralized mortgage obligations 295,303 — ( 46,921 ) 248,382 Asset-backed securities 166,044 315 ( 6,722 ) 159,637 Corporate bonds 71,427 — ( 7,668 ) 63,759 Obligations of state and political subdivisions 257,170 141 ( 44,746 ) 212,565 US Treasuries 55,925 — ( 6,539 ) 49,386 Total Available-for-Sale $ 1,159,810 $ 456 $ ( 162,138 ) $ 998,128 Amortized Gross Gross Fair Value (In Thousands) At December 31, 2022 Available-for-sale Obligations of U.S. government corporations and agencies $ 117,150 $ — $ ( 21,241 ) $ 95,909 Mortgage-backed securities 200,548 — ( 32,959 ) 167,589 Collateralized mortgage obligations 299,731 — ( 49,926 ) 249,805 Asset-backed securities 200,312 517 ( 8,325 ) 192,504 Corporate bonds 71,543 — ( 7,061 ) 64,482 Obligations of state and political subdivisions 274,856 92 ( 53,354 ) 221,594 US Treasuries 55,987 — ( 7,789 ) 48,198 Total Available-for-Sale $ 1,220,127 $ 609 $ ( 180,655 ) $ 1,040,081 The amortized cost and fair value of the investment securities portfolio at March 31, 2023, 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, MBS, CMOs and 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 $ 623 $ 624 Due after one year through five years 43,817 40,481 Due after five years through ten years 230,273 201,039 Due after ten years 226,774 181,205 MBS/CMO/ABS 658,323 574,779 $ 1,159,810 $ 998,128 Investment securities with a carrying amount of $ 793.1 million and $ 759.8 million at March 31, 2023 and December 31, 2022, respectively, were pledged as collateral. The following tables summarize Premier’s securities that were in an unrealized loss position at March 31, 2023 and December 31, 2022: Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At March 31, 2023 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ — $ — $ 97,639 $ ( 19,326 ) $ 97,639 $ ( 19,326 ) Mortgage-backed securities 3,678 ( 117 ) 163,082 ( 30,099 ) 166,760 ( 30,216 ) Collateralized mortgage obligations — — 248,382 ( 46,921 ) 248,382 ( 46,921 ) Asset-backed securities 3,697 ( 4 ) 128,276 ( 6,718 ) 131,973 ( 6,722 ) Corporate bonds 8,723 ( 800 ) 55,036 ( 6,868 ) 63,759 ( 7,668 ) Obligations of state and political subdivisions 18,293 ( 412 ) 177,794 ( 44,334 ) 196,087 ( 44,746 ) US Treasuries — 49,386 ( 6,539 ) 49,386 ( 6,539 ) Total available-for-sale $ 34,391 $ ( 1,333 ) $ 919,595 $ ( 160,805 ) $ 953,986 $ ( 162,138 ) 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, 2022 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 64,394 $ ( 11,158 ) $ 31,513 $ ( 10,083 ) $ 95,907 $ ( 21,241 ) Mortgage-backed securities-residential 40,908 ( 4,184 ) 126,681 ( 28,775 ) 167,589 ( 32,959 ) Collateralized mortgage obligations 60,676 ( 11,985 ) 159,129 ( 37,941 ) 219,805 ( 49,926 ) Asset-backed securities 45,534 ( 1,499 ) 113,580 ( 6,826 ) 159,114 ( 8,325 ) Corporate bonds 49,114 ( 4,960 ) 15,368 ( 2,101 ) 64,482 ( 7,061 ) Obligations of state and political subdivisions 106,610 ( 13,378 ) 98,063 ( 39,976 ) 204,673 ( 53,354 ) US Treasuries 19,891 ( 3,448 ) 28,309 ( 4,341 ) 48,200 ( 7,789 ) Total available-for-sale $ 387,127 $ ( 50,612 ) $ 572,643 $ ( 130,043 ) $ 959,770 $ ( 180,655 ) The Company had $ 34,000 in realized gains from the sale of available-for-sale securities in the three months ended March 31, 2023. For the three months ended March 31, 2022 , the Company realized no gains or losses from the sale of investment securities. It is expected that the securities would not be settled at less than the amortized cost of the Company's investment because the decline in fair value is attributable to changes in interest rates and relative spreads and not credit quality. Management does not intend to sell these investments and it is not expected that the Company will be required to sell the investments before recovery of its amortized cost basis less any current period credit loss. 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 security that has a loss rate greater than 3 %, credit rating below investment grade or not rated by a third-party credit ratings company would be subjected to additional analysis that may include, but is not limited to: changes in market interest rates, changes in securities credit ratings, security type, service area economic factors, financial performance of the issuer/or obligor of the underlying issue and third-party guarantee. • If the Company determines that a credit loss exists, the credit portion of the allowance will be measured using a DCF analysis using the effective interest rate as of the security’s purchase date. The amount of credit loss the Company records will be limited to the amount by which the amortized cost exceeds the fair value. As of March 31, 2023, management determined that no credit loss exists and that the unrealized losses are due to the increased interest rate environment. At March 31, 2023 and December 31, 2022 , the Company held preferred and common stock of various bank holding companies totaling $ 6.4 million and $ 7.8 million, respectively. During the three months ended March 31, 2023 , an unrealized loss of $ 1.4 million was recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income. During the three months ended March 31, 2022 , $ 643,000 of unrealized losses were recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income.

Loans

Loans	3 Months Ended
	Mar. 31, 2023
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: March 31, December 31, (In Thousands) Real Estate: Residential $ 1,624,331 $ 1,535,574 Commercial 2,813,441 2,762,311 Construction 1,185,947 1,278,255 5,623,719 5,576,140 Other Loans: Commercial 1,061,142 1,055,180 Home equity and improvement 271,676 277,613 Consumer finance 212,299 213,405 1,545,117 1,546,198 Loans before deferred loan origination fees and costs 7,168,836 7,122,338 Deduct: Undisbursed construction loan funds ( 604,228 ) ( 672,775 ) Net deferred loan origination fees and costs 11,221 11,057 Allowance for credit losses ( 74,273 ) ( 72,816 ) Total loans $ 6,501,556 $ 6,387,804 The Company has responded to the pandemic in numerous ways, including by actively participating in the Paycheck Protection Program (“PPP”) and distributing $ 636.9 million to small businesses in our markets. As of March 31, 2023 , the Company had $ 791,000 in PPP loans that remained unpaid and were included in commercial loans in the above loan table. As of December 31, 2022 , the Company had $ 1.1 million in PPP loans. The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 50 $ — $ — $ — $ 50 Commercial 12,787 — 1,190 — 13,977 Construction — — — — — Other Loans: Commercial 2,026 447 3,858 31 6,362 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 14,863 $ 447 $ 5,048 $ 31 $ 20,389 December 31, 2022 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 51 $ — $ — $ — $ 51 Commercial 10,708 — 2,716 — 13,424 Construction — — — — — Other Loans: Commercial 2,161 523 3,858 — 6,542 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 12,920 $ 523 $ 6,574 $ — $ 20,017 Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually analyzed loans. All loans greater than 90 days past due are placed on non-accrual status. The following table presents the current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned as of the dates indicated: March 31, December 31, (In Thousands) Non-accrual loans with reserve $ 19,925 $ 20,369 Non-accrual loans without reserve 14,452 13,453 Loans 90 days plus past due and still accruing — — Total non-performing loans 34,377 33,822 Real estate and other assets held for sale 393 619 Total non-performing assets $ 34,770 $ 34,441 The following table presents the aging of the amortized cost in past due and non-accrual loans as of March 31, 2023, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,608,696 $ 228 $ 4,254 $ 5,224 $ 9,706 $ 6,763 Commercial 2,804,630 760 21 10,122 10,903 14,187 Construction 581,575 — 144 — 144 — Other Loans: Commercial 1,050,336 494 252 4,703 5,449 5,142 Home equity and improvement 266,094 1,571 426 1,363 3,360 1,879 Consumer finance 208,619 2,976 534 2,243 5,753 2,508 PCD 17,031 431 253 2,849 3,533 3,898 Total Loans $ 6,536,981 $ 6,460 $ 5,884 $ 26,504 $ 38,848 $ 34,377 The following table presents the aging of the recorded investment in past due and non-accrual loans as of December 31, 2022, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,516,135 $ 279 $ 6,350 $ 6,203 $ 12,832 $ 7,724 Commercial 2,751,933 327 878 11,477 12,682 13,396 Construction 605,043 298 139 — 437 — Other Loans: Commercial 1,044,898 413 128 4,635 5,176 4,862 Home equity and improvement 269,183 4,342 489 1,190 6,021 1,637 Consumer finance 209,062 2,763 1,397 2,227 6,387 2,401 PCD 17,082 603 495 2,651 3,749 3,802 Total Loans $ 6,413,336 $ 9,025 $ 9,876 $ 28,383 $ 47,284 $ 33,822 Loan Modifications As of January 1, 2023, the Company adopted the modified retrospective method under ASU 2022-02, "Trouble Debt Restructurings and Vintage Disclosures" which eliminated trouble debt restructuring accounting for entities that have adopted ASU 2016-13, the current expected credit losses model. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the loan is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of amortized cost basis and a corresponding adjustments to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness or reduction of rate, may be granted. Of the loans modified as of March 31, 2023, none were on non-accrual status and partial charge-offs have in some cases been taken against the outstanding balance. The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each loan upon loan origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of loans to borrowers experiencing financial difficulty. The company uses probability of default/loss given default, discounted cash flows or remaining life method to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by loan category and type of modification granted during the three months ended March 31, 2023 . The percentage of the amortized cost basis of loans that were modified to borrowers experiencing financial difficulty as compared to the amortized cost basis of each class of loan category is also presented below: Loans Modifications Made to Borrowers Experiencing Financial Difficulty Term Extension Loan Type Amortized Cost Basis Percent of total loans by Real Estate: Residential $ — — Commercial 373 0.01 % Construction — — Other Loans: Commercial 39 0.00 % Home equity and improvement — — Consumer finance — — Total $ 412 The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Loan Type Financial Effect Real Estate: Commercial Added 12 months to the life of the loan, which reduced monthly payment amounts for the borrower. Other Loans: Commercial Added 84 months to the life of the loan to term out 2 year balloon, which reduced monthly payment amounts for the borrower. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. There were no modification loans that had a payment default during the quarter ended March 31, 2023 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. The Company closely monitors the performance of the loans that were modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The modified loans are current and have not experienced delinquency as of March 31, 2023. 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 homogeneous mortgage, home equity and consumer loans. This analysis is performed on a quarterly basis. Premier uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of March 31, 2023, 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 $ 1,610,097 $ 493 $ 7,812 $ — $ 7,812 $ 1,618,402 Commercial 2,752,132 41,677 21,724 — 21,724 2,815,533 Construction 581,719 — — — — 581,719 Other Loans: Commercial 1,015,372 33,090 7,323 — 7,323 1,055,785 Home equity and improvement 267,587 — 1,867 — 1,867 269,454 Consumer finance 211,895 — 2,477 — 2,477 214,372 PCD 13,177 3,683 3,704 — 3,704 20,564 Total Loans (1) $ 6,451,979 $ 78,943 $ 44,907 $ — $ 44,907 $ 6,575,829 (1) Total loans are net of undisbursed funds and deferred fees and costs. As of December 31, 2022, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential 1,519,657 935 8,375 — 8,375 1,528,967 Commercial 2,698,292 46,029 20,294 — 20,294 2,764,615 Construction 605,480 — — — — 605,480 Other Loans: Commercial 1,016,925 26,319 6,830 — 6,830 1,050,074 Home equity and improvement 273,613 — 1,591 — 1,591 275,204 Consumer finance 213,078 — 2,371 — 2,371 215,449 PCD 13,904 2,590 4,337 — 4,337 20,831 Total Loans (1) $ 6,340,949 $ 75,873 $ 43,798 $ — $ 43,798 $ 6,460,620 (1) Total loans are net undisbursed loan funds and deferred fees and costs The following tables present the amortized cost basis of loans by credit quality indicator and class of loans as of March 31, 2023 and December 31, 2022 (in thousands). Term of loans by origination 2023 2022 2021 2020 2019 Prior Revolving Loans Total As of March 31, 2023 Real Estate Residential: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 5 $ — $ 5 Risk Rating Unclassified $ 42,003 $ 343,450 $ 463,431 $ 331,088 $ 92,532 $ 335,784 $ 1,809 $ 1,610,097 Special Mention — — — 178 — 315 — 493 Substandard — 325 1,366 976 721 4,424 — 7,812 Doubtful — — — — — — — — Total $ 42,003 $ 343,775 $ 464,797 $ 332,242 $ 93,253 $ 340,523 $ 1,809 $ 1,618,402 Commercial: Current-period gross charge-offs $ — $ — $ — $ — $ 112 $ 1,557 $ — $ 1,669 Risk Rating Unclassified $ 66,836 $ 585,730 $ 530,145 $ 520,817 $ 320,220 $ 714,615 $ 13,769 $ 2,752,132 Special Mention — 213 1,961 — 322 39,071 110 41,677 Substandard — 274 2,087 2,750 4,833 11,649 131 21,724 Doubtful — — — — — — — — Total $ 66,836 $ 586,217 $ 534,193 $ 523,567 $ 325,375 $ 765,335 $ 14,010 $ 2,815,533 Construction: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Risk Rating Unclassified $ 13,934 $ 355,461 $ 160,963 $ 40,998 $ 10,363 $ — $ — $ 581,719 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 13,934 $ 355,461 $ 160,963 $ 40,998 $ 10,363 $ — $ - $ 581,719 Other Loans Commercial: Current-period gross charge-offs $ — $ — $ — $ — $ 498 $ — $ — $ 498 Risk Rating Unclassified $ 51,429 $ 261,813 $ 196,844 $ 82,463 $ 46,141 $ 39,007 $ 337,675 $ 1,015,372 Special Mention 668 2,075 5,523 4,985 1,260 6,127 12,452 33,090 Substandard — 283 31 3,897 92 326 2,694 7,323 Doubtful — — — — — — — — Total $ 52,097 $ 264,171 $ 202,398 $ 91,345 $ 47,493 $ 45,460 $ 352,821 $ 1,055,785 Home equity and Improvement: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 9 $ 15 $ 24 Risk Rating Unclassified $ 4,692 $ 28,615 $ 20,528 $ 5,129 $ 3,447 $ 30,684 $ 174,492 $ 267,587 Special Mention — — — — — — — — Substandard — 30 14 — 28 440 1,355 1,867 Doubtful — — — — — — — — Total $ 4,692 $ 28,645 $ 20,542 $ 5,129 $ 3,475 $ 31,124 $ 175,847 $ 269,454 Consumer Finance: Current-period gross charge-offs $ — $ 268 $ 97 $ 36 $ 41 $ 6 $ 1 $ 449 Risk Rating Unclassified $ 16,885 $ 123,154 $ 30,347 $ 15,678 $ 11,755 $ 4,819 $ 9,257 $ 211,895 Special Mention — — — — — — — — Substandard — 958 545 553 282 70 69 2,477 Doubtful — — — — — — — — Total $ 16,885 $ 124,112 $ 30,892 $ 16,231 $ 12,037 $ 4,889 $ 9,326 $ 214,372 PCD: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 63 $ 5 $ 68 Risk Rating Unclassified $ — $ — $ — $ — $ 127 $ 12,629 $ 421 $ 13,177 Special Mention — — — — — 758 2,925 3,683 Substandard — — — — 1 3,500 203 3,704 Doubtful — — — — — — — — Total $ — $ — $ — $ - $ 128 $ 16,887 $ 3,549 $ 20,564 Term of loans by origination 2022 2021 2020 2019 2018 Prior Revolving Loans Total As of December 31, 2022 Real Estate Residential: Risk Rating Pass $ 264,884 $ 474,992 $ 335,982 $ 93,548 $ 51,710 $ 296,089 $ 2,452 $ 1,519,657 Special Mention — — 180 30 80 78 567 935 Substandard 280 1,648 1,614 922 517 3,394 — 8,375 Doubtful — — — — — — — — Total $ 265,164 $ 476,640 $ 337,776 $ 94,500 $ 52,307 $ 299,561 $ 3,019 $ 1,528,967 Commercial: Risk Rating Pass $ 582,384 $ 506,386 $ 517,790 $ 324,210 $ 194,240 $ 557,728 $ 15,554 $ 2,698,292 Special Mention 161 3,614 — 593 25,395 15,561 705 46,029 Substandard 115 2,104 527 4,612 4,455 8,348 133 20,294 Doubtful — — — — — — — — Total $ 582,660 $ 512,104 $ 518,317 $ 329,415 $ 224,090 $ 581,637 $ 16,392 $ 2,764,615 Construction: Risk Rating Pass $ 348,570 $ 182,755 $ 53,161 $ 20,994 $ — $ — $ — $ 605,480 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 348,570 $ 182,755 $ 53,161 $ 20,994 $ — $ — $ — $ 605,480 Other Loans Commercial: Risk Rating Pass $ 266,501 $ 208,663 $ 90,014 $ 49,887 $ 23,719 $ 22,515 $ 355,626 $ 1,016,925 Special Mention 1,891 4,094 3,913 1,533 1,160 5,365 8,363 26,319 Substandard 16 119 3,897 4 190 204 2,400 6,830 Doubtful — — — — — — — — Total $ 268,408 $ 212,876 $ 97,824 $ 51,424 $ 25,069 $ 28,084 $ 366,389 $ 1,050,074 Home equity and Improvement: Risk Rating Pass $ 30,009 $ 21,116 $ 5,387 $ 3,592 $ 1,849 $ 30,509 $ 181,151 $ 273,613 Special Mention — — — — — — — — Substandard 44 14 — 28 32 502 971 1,591 Doubtful — — — — — — — — Total $ 30,053 $ 21,130 $ 5,387 $ 3,620 $ 1,881 $ 31,011 $ 182,122 $ 275,204 Consumer Finance: Risk Rating Pass $ 133,194 $ 33,109 $ 17,219 $ 13,681 $ 4,022 $ 2,529 $ 9,324 $ 213,078 Special Mention — — — — — — — — Substandard 676 483 668 316 62 34 132 2,371 Doubtful — — — — — — — — Total $ 133,870 $ 33,592 $ 17,887 $ 13,997 $ 4,084 $ 2,563 $ 9,456 $ 215,449 PCD: Risk Rating Pass $ — $ — $ — $ 131 $ 369 $ 13,117 $ 287 $ 13,904 Special Mention — — — — — 292 2,298 2,590 Substandard — — — 2 22 3,697 616 4,337 Doubtful — — — — — — — — Total $ — $ — $ — $ 133 $ 391 $ 17,106 $ 3,201 $ 20,831 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, modification 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 ACL 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 ACL 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 establish 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 March 31, 2023 , the Company had $ 1.7 billion in unfunded commitments and set aside $ 6.6 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 judgments 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. The following table discloses allowance for credit loss (“ACL”) activity for the three months ended March 31, 2023 and 2022 by portfolio segment (in thousands): Three Months Ended March 31, 2023 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 16,711 $ 34,218 $ 4,025 $ 11,769 $ 4,044 $ 2,049 $ 72,816 Charge-Offs ( 5 ) ( 1,669 ) — ( 511 ) ( 79 ) ( 449 ) ( 2,713 ) Recoveries 22 12 — 96 21 75 226 Provisions 1,501 1,270 ( 143 ) 1,171 ( 332 ) 477 3,944 Ending Allowance $ 18,229 $ 33,831 $ 3,882 $ 12,525 $ 3,654 $ 2,152 $ 74,273 Three Months Ended March 31, 2022 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 12,029 $ 32,399 $ 3,004 $ 13,410 $ 4,221 $ 1,405 $ 66,468 Charge-Offs ( 140 ) ( 7 ) — ( 10 ) ( 29 ) ( 103 ) ( 289 ) Recoveries 81 59 — 102 34 114 390 Provisions ( 330 ) 1,750 ( 391 ) 319 ( 307 ) ( 415 ) 626 Ending Allowance $ 11,640 $ 34,201 $ 2,613 $ 13,821 $ 3,919 $ 1,001 $ 67,195 Purchased Credit Deteriorated Loans Under ASU Topic 326, when loans are purchased with evidence of more than insignificant deterioration of credit, they are accounted for as PCD. PCD loans acquired in a transaction are marked to fair value and a mark on yield is recorded. In addition, an adjustment is made to the ACL for the expected loss on the acquisition date. These loans are assessed on a regular basis and subsequent adjustments to the ACL are recorded on the income statement. The outstanding balance and related allowance on these loans as of March 31, 2023 and December 31, 2022 is as follows (in thousands): As of March 31, 2023 As of December 31, 2022 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 11,332 $ 159 $ 11,546 $ 139 Commercial 1,442 34 1,544 34 Construction — — — — 12,774 193 13,090 173 Other Loans: Commercial 5,313 588 5,058 594 Home equity and improvement 2,222 61 2,409 80 Consumer finance 255 5 274 5 7,790 654 7,741 679 Total $ 20,564 $ 847 $ 20,831 $ 852 Foreclosure Proceedings Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totale d $ 3.5 million as of March 31, 2023 , and $ 4.3 million as of December 31, 2022 .

Mortgage Banking

Mortgage Banking	3 Months Ended
	Mar. 31, 2023
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 2023 2022 (In Thousands) Mortgage banking (loss) gain, net $ ( 837 ) $ 2,543 Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,888 1,879 Amortization of mortgage servicing rights ( 1,219 ) ( 1,403 ) Mortgage servicing rights valuation adjustments ( 106 ) 1,233 563 1,709 Net (expense) revenue from sale and servicing of mortgage loans $ ( 274 ) $ 4,252 The unpaid principal balance of residential mortgage loans serviced for third parties was $ 2.96 billion at March 31, 2023 and December 31, 2022. Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2023 and 2022: Three Months Ended 2023 2022 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 21,858 $ 22,244 Loans sold, servicing retained 808 1,348 Amortization ( 1,219 ) ( 1,403 ) Carrying value before valuation allowance at end of period 21,447 22,189 Valuation allowance: Balance at beginning of period ( 687 ) ( 2,707 ) Impairment recovery (charges) ( 106 ) 1,233 Balance at end of period ( 793 ) ( 1,474 ) Net carrying value of MSRs at end of period $ 20,654 $ 20,715 Fair value of MSRs at end of period $ 28,165 $ 25,996 Amortization of mortgage servicing rights is computed based on payments and payoffs of the related mortgage loans serviced. Estimates of future amortization expense are not easily estimable. The Company had no accrual for secondary market buy-back activity at March 31, 2023 or December 31, 2022 based on management’s estimate of potential losses from this activity. There was no expense or credit recognized in the three months ended March 31, 2023 and 2022 .

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	10. Leases The Company’s lease agreements have maturity dates ranging from April 2023 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 13.0 years as of March 31, 2023 and 13.29 years as of December 31, 2022 . The weighted average discount rate for leases was 2.41 % as of March 31, 2023 and 2.52 % as of December 31, 2022. The total operating lease costs were $ 681,000 for the three months ended March 31, 2023 and $ 542,000 for the three months ended March 31, 2022 . The right-of-use asset , included in other assets, was $ 15.5 million and $ 14.9 million at March 31, 2023 and December 31, 2022 , respectively. The lease liabilities , included in other liabilities, were $ 16.2 million and $ 15.6 million as of March 31, 2023 and December 31, 2022, respectively. Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (In Thousands) March 31, 2023 Remainder of 2023 $ 2,854 2024 1,977 2025 1,675 2026 1,419 2027 1,290 Thereafter 11,172 Total undiscounted minimum lease payments 20,387 Present value adjustment ( 4,210 ) Total lease liabilities $ 16,177

Deposits

Deposits	3 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Deposits	11. Deposits A summary of deposit balances is as follows: March 31, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,649,726 $ 1,869,509 Interest-bearing checking and money market accounts 3,179,844 3,185,440 Savings deposits 775,728 798,003 Retail certificates of deposit less than $250,000 708,818 645,318 Retail certificates of deposit greater than $250,000 305,046 264,741 Brokered deposits 154,869 143,708 $ 6,774,031 $ 6,906,719

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (In Thousands) FHLB Advances: Single maturity fixed rate advances $ — $ 195,000 Overnight advances 658,000 233,000 Total $ 658,000 $ 428,000 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 $ 49,041 $ 49,020 At March 31, 2023 , the Company has $ 658.0 million of outstanding FHLB advances with maturity dates in 2023. There was $ 428.0 million in outstanding FHLB advances at December 31, 2022 with maturity dates in 2023. The Company's available borrowing capacity at the FHLB was $ 1.4 billion and $ 1.5 billion as of March 31, 2023 and December 31, 2022, respectively. The Company has an available credit line at the Federal Reserve Bank Discount Window of $ 44.5 million and $ 43.9 million as of March 31, 2023 and December 31, 2022, respectively, which has not been drawn upon. The Company also has a $ 50 million credit line at US Bank as of March 31, 2023 and December 31, 2022, respectively, which also was not drawn upon. 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 is 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 6.37 % as of March 31, 2023 , and 6.27 % as of December 31, 2022. 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 6.25 % and 6.15 % on March 31, 2023 and December 31, 2022, respectively. The Trust Preferred Securities issued by Trust Affiliate I are subject to mandatory redemption, in whole or in part, upon repayment of the Subordinated Debentures. The Company has entered into an agreement that fully and unconditionally guarantees the Trust Preferred Securities subject to the terms of the guarantee. The Trust Preferred Securities and Subordinated Debentures mature on December 15, 2035, but can be redeemed at the Company’s option at any time now. The Subordinated Debentures related to the Trust Preferred Securities may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. Interest on both issues of Trust Preferred Securities may be deferred for a period of up to five years at the option of the issuer.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingent Liabilities	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingent Liabilities	13. Commitments, Guarantees and Contingent Liabilities Loan commitments are made to accommodate the financial needs of Premier’s customers in the form of unfunded loans or unused lines of credit and result in market risk. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. They primarily are issued to facilitate customers’ trade transactions. Both arrangements have credit risk, essentially the same as that involved in extending loans to customers, and are subject to the Company’s normal credit policies. Collateral (e.g., securities, receivables, inventory and equipment) is obtained based on a credit assessment of the customer. The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (in thousands): March 31, 2023 December 31, 2022 Commitments to make loans $ 820,570 $ 957,533 Unused lines of credit 1,072,405 1,044,875 Standby letters of credit 17,884 18,632 Total $ 1,910,859 $ 2,021,040 Commitments to make loans are generally made for periods of 60 days or less .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
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 2019. The Company also currently operates in the states of Ohio, Michigan and Pennsylvania which tax financial institutions based on their equity rather than their income. The components of income tax expense (benefit) are as follows: For the Three Months Ended March 31, 2023 2022 (In Thousands) Current: Federal $ 3,352 $ 5,814 State and local 136 163 Deferred 615 193 $ 4,103 $ 6,170 The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended March 31, 2023 2022 (In Thousands) Tax expense at statutory rate (21%) $ 4,673 $ 6,830 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 107 128 Tax exempt interest income, net of TEFRA ( 140 ) ( 186 ) Bank owned life insurance ( 298 ) ( 209 ) Captive insurance ( 92 ) ( 105 ) Other ( 147 ) ( 288 ) Total $ 4,103 $ 6,170

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	15. Derivative Financial Instruments At March 31, 2023 , the Company had approximately $ 39.8 million of interest rate lock commitments and $ 304.0 million of forward sales of mortgage backed securities. These commitments are considered derivatives. The Company had $ 35.9 million of interest rate lock commitments and $ 254.0 million of forward commitments at December 31, 2022. The fair value of these mortgage banking derivatives are reflected by a derivative asset recorded in other assets in the Consolidated Statements of Financial Condition. The table below provides data about the carrying values of these derivative instrument assets: March 31, 2023 December 31, 2022 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ ( 1,348 ) $ 1,349 The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2023 and 2022 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended 2023 2022 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – (Loss) Gain $ ( 2,697 ) $ 7,587 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 $ 86.3 million and fair value of $ 4.2 million in other assets and $ 4.2 million in other liabilities at March 31, 2023. As of December 31, 2022 , the Company had interest rate swaps associated with commercial loans with a notional value of $ 67.3 million and fair value of $ 4.5 million in other assets and $ 4.5 million in other liabilities. For the three months ended March 31, 2023 , $ 191,000 flowed through noninterest income. For the three months ended March 31, 2022 , $ 1,000 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 March 31, 2023 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 $ 33.4 million is recorded in other liabilities in the unaudited Consolidated Balance Sheets at March 31, 2023, with changes in fair value recorded net of tax in other comprehensive income (loss). As of December 31, 2022 , the gross aggregate fair value of the swap of $ 40.0 million was recorded in other liabilities in the Consolidated Balance Sheets. A summary of the interest-rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2023 December 31, 2022 Notional amount $ 250,000 $ 250,000 Weighted average fixed receive rates 1.437 % 1.437 % Weighted average variable 1-month LIBOR pay rates 4.860 % 4.392 % Weighted average remaining maturity (in years) 7.8 8.1 Fair value $ ( 33,395 ) $ ( 40,032 )

Other Comprehensive (Loss) Inco

Other Comprehensive (Loss) Income	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 Securities available for sale and transferred securities: Change in net unrealized gains during the period $ 18,399 $ ( 3,864 ) $ 14,535 Reclassification adjustment for net gains included in net income ( 34 ) 7 ( 27 ) Cash flow hedge derivatives Change in net unrealized gains during the period 8,586 ( 1,803 ) 6,783 Reclassification adjustment for net gains included in net income ( 1,949 ) 409 ( 1,540 ) Total other comprehensive income $ 25,002 $ ( 5,251 ) $ 19,751 Before Tax Tax (Expense) Net of Tax (In Thousands) Three Months Ended March 31, 2022 Securities available for sale and transferred securities: Change in net unrealized losses during the period $ ( 74,193 ) $ 15,580 $ ( 58,613 ) Reclassification adjustment for net gains included in net income — — — Cash flow hedge derivatives Change in net unrealized losses during the period ( 16,241 ) 3,411 ( 12,830 ) Reclassification adjustment for net gains included in net income ( 793 ) 167 ( 626 ) Total other comprehensive loss $ ( 91,227 ) $ 19,158 $ ( 72,069 ) 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, 2023 $ ( 142,236 ) $ 402 $ ( 31,626 ) $ ( 173,460 ) Other comprehensive income before reclassifications 14,535 — 6,783 21,318 Amounts reclassified from accumulated other comprehensive income ( 27 ) — ( 1,540 ) ( 1,567 ) Net other comprehensive income during period 14,508 — 5,243 19,751 Balance March 31, 2023 $ ( 127,728 ) $ 402 $ ( 26,383 ) $ ( 153,709 ) Balance January 1, 2022 $ ( 4,023 ) $ ( 79 ) $ 674 $ ( 3,428 ) Other comprehensive loss before reclassifications ( 58,613 ) — ( 12,830 ) ( 71,443 ) Amounts reclassified from accumulated other comprehensive loss — — ( 626 ) ( 626 ) Net other comprehensive loss during period ( 58,613 ) — ( 13,456 ) ( 72,069 ) Balance March 31, 2022 $ ( 62,636 ) $ ( 79 ) $ ( 12,782 ) $ ( 75,497 )

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Accounting Standards Update	Accounting Standards Update ASU No. 2020-04: Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting (Topic 848): On March 12, 2020, the FASB issued Accounting Standards Update (ASU) 2020-4, "Reference Rate Reform (“ASC 848”): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." ASC 848 contains optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rates expected to be discontinued. The Company has formed a cross-functional project team to lead the transition from LIBOR to adoption of alternative reference rates which include Secured Overnight Financing Rate (“SOFR”). The Company identified outstanding loans with LIBOR-based rates and obtained updated reference rate language either at the time of renewal or through separate amendment, or otherwise established that an alternate reference rate will apply after June 30, 2023. 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 adhered to the International Swaps and Derivatives Association 2020 IBOR Fallbacks Protocol that was released on October 23, 2020. The Company discontinued the use of new LIBOR-based loans by December 31, 2021, according to regulatory guidelines. On December 21, 2022, the FASB issued ASU 2022-06, "Reference Rare Reform (Topic 848): Deferral of the Sunset of Date of Topic 848," which extends the sunset date of ASC Topic 848, "Reference Rate Reform," to December 31, 2024. 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. In accordance with FASB ASC Topic 825, the Fair Value Measurements tables are a comparative condensed consolidated statement of financial condition based on carrying amount and estimated fair values of financial instruments as of March 31, 2023, and December 31, 2022 . Accordingly, the aggregate fair value amounts presented do not represent the underlying value to Premier. 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.
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 eliminated troubled debt restructuring ("TDR") accounting for entities that have adopted ASU 2016-13, the current expected credit loss ("CECL") model and added new vintage disclosures for gross write-offs. The elimination of TDR accounting could be adopted either prospectively for loan modifications or on a modified retrospective basis that could result in a cumulative effect adjustment to retained earnings in the period of adoption. The Company adopted ASU 2022-02 on January 1, 2023 on a modified retrospective basis. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. Therefore, the Company did not make an adjustment to retained earnings. The effect of adoption is included in provision for 2023. ASU No. 2023-01, Leases (Topic 842): Common Control Arrangements: On March 27, 2023, the FASB issued ASU 2023-01 “Leases (Topic 842): Common Control Arrangements” in order to improve the guidance for applying this topic to arrangements between entities under common control. This ASU also requires all entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. ASU 2023-01 is effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, however, if an entity adopts these amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes the interim period. The Company does not anticipate any material effect on the Company upon adoption.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of financial assets measured at fair value on a recurring basis	The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Recurring Basis March 31, 2023 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 97,639 $ — $ 97,639 Mortgage-backed securities — 166,760 — 166,760 Collateralized mortgage obligations — 248,382 — 248,382 Asset-backed securities — 159,637 — 159,637 Corporate bonds — 63,759 — 63,759 Obligations of state and political subdivisions — 212,565 — 212,565 US Treasuries 49,386 — — 49,386 Equity securities 6,387 — — 6,387 Loans held for sale, at fair value — 22,324 97,280 119,604 Interest rate swaps — 4,180 — 4,180 Liabilities: Interest rate swaps — 4,180 — 4,180 Cash flow hedge derivative — 33,395 — 33,395 Mortgage banking derivatives — 1,348 — 1,348 December 31, 2022 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 95,909 $ — $ 95,909 Mortgage-backed securities — 167,589 — 167,589 Collateralized mortgage obligations — 249,805 — 249,805 Asset-backed securities — 192,504 — 192,504 Corporate bonds — 64,482 — 64,482 Obligations of state and political subdivisions — 221,594 — 221,594 US Treasuries 48,198 — — 48,198 Equity securities 7,832 — — 7,832 Loans held for sale, at fair value — 23,589 91,662 115,251 Interest rate swaps — 4,494 — 4,494 Mortgage banking derivatives — 1,349 — 1,349 Liabilities: Interest rate swaps — 4,494 — 4,494 Cash flow hedge derivative — 40,032 — 40,032
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 months ended March 31, 2023 and 2022 . There were no securities that were measured at Level 3 for the three months ended March 31, 2023 and 2022. Construction loans held for sale Three Months Ended 2023 2022 Balance of recurring Level 3 assets at beginning of period $ 91,662 $ 134,167 Total gains (losses) for the period Included in change in fair value of loans held for sale 5,971 ( 13,459 ) Originations 23,181 36,343 Sales ( 23,534 ) ( 40,567 ) Balance of recurring Level 3 assets at end of period $ 97,280 $ 116,484
Schedule of Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis	For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 97,280 Adjusted secondary market pricing Adjustments 0.00 % - 0.14 % December 31, 2022 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 91,662 Adjusted secondary market pricing Adjustments 0.00 % - 1.04 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2023, 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- $ 6,263 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 22.46 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,146 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 28.29 %
Schedule of financial assets measured at fair value on a non-recurring basis	The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Non-Recurring Basis March 31, 2023 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 5,260 $ 5,260 Commercial — — 4,861 4,861 Mortgage servicing rights $ — $ 2,513 $ — $ 2,513 December 31, 2022 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 3,512 $ 3,512 Commercial — — 5,492 5,492 Mortgage servicing rights $ — $ 5,126 $ — $ 5,126 For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2023, 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- $ 6,263 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 22.46 % For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 5,146 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 28.29 %
Schedule of FHLB advances with maturities	FHLB advances with maturities greater than 90 days are valued based on a DCF analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at March 31, 2023. The carrying value and estimated fair values of financial instruments at March 31, 2023 and December 31, 2022, were as follows: Fair Value Measurements at March 31, 2023 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 157,027 $ 157,027 $ 157,027 $ — $ — Federal Home Loan Bank Stock 37,056 N/A N/A N/A N/A Loans receivable, net 6,501,556 6,267,202 — — 6,267,202 Accrued interest receivable 29,388 29,388 29,388 — — Financial Liabilities: Deposits $ 6,774,031 $ 6,778,208 $ 5,605,298 $ 1,172,910 $ — Advances from Federal Home Loan Bank 658,000 657,994 — 657,994 — Subordinated debentures 85,123 73,758 — — 73,758 Fair Value Measurements at December 31, 2022 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 128,160 $ 128,160 $ 128,160 $ — $ — Federal Home Loan Bank Stock 29,185 N/A N/A N/A N/A Loans receivable, net 6,387,804 6,129,814 — — 6,129,814 Accrued interest receivable 28,709 28,709 28,709 — — Financial Liabilities: Deposits $ 6,906,719 $ 6,881,110 $ 5,852,952 $ 1,028,158 $ — Advances from Federal Home Loan Bank 428,000 427,999 — 427,999 $ — Subordinated debentures 85,103 76,989 — — 76,989

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Units and Stock Grants	The following table sets forth Premier's performance and restricted stock activity during the three months ended March 31, 2023: Performance Stock Units Restricted Stock Units Restricted Stock Awards Unvested Shares Shares Weighted- Shares Weighted- Shares Weighted- Unvested at January 1, 2023 229,813 $ 29.12 31,796 $ 28.44 99,412 $ 29.14 Granted 66,482 24.78 — — 60,526 24.84 Vested ( 55,435 ) 26.48 ( 6,626 ) 22.41 — — Forfeited ( 23,298 ) 26.48 — — — — Unvested at March 31, 2023 217,562 $ 28.75 25,170 $ 30.03 159,938 $ 27.51
Schedule of Stock Option Activity Under the Plans	Following is stock option activity under the plans during the three months ended March 31, 2023: Options Weighted Weighted Aggregate Options outstanding, January 1, 2023 29,661 $ 22.54 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, March 31, 2023 29,661 $ 22.54 3.84 $ 43,909 Exercisable at March 31, 2023 29,661 $ 22.54 3.84 $ 43,909

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2023
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 2023 2022 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 18,149 $ 26,357 Less: income allocated to participating securities 42 35 Net income allocated to common shareholders 18,107 26,322 Weighted average common shares outstanding including 35,649 36,026 Less: Participating securities 43 48 Average common shares 35,606 35,978 Basic earnings per common share $ 0.51 $ 0.73 Diluted Earnings Per Share: Net income allocated to common shareholders $ 18,107 $ 26,322 Weighted average common shares outstanding for basic earnings 35,606 35,978 Add: Dilutive effects of stock options and restricted stock units 113 112 Average shares and dilutive potential common shares 35,719 36,090 Diluted earnings per common share $ 0.51 $ 0.73

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2023
Marketable Securities [Abstract]
Summary of Available-for-Sale Securities	The following is a summary of available-for-sale securities: Amortized Gross Gross Fair Value (In Thousands) At March 31, 2023 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 116,965 $ — $ ( 19,326 ) $ 97,639 Mortgage-backed securities 196,976 — ( 30,216 ) 166,760 Collateralized mortgage obligations 295,303 — ( 46,921 ) 248,382 Asset-backed securities 166,044 315 ( 6,722 ) 159,637 Corporate bonds 71,427 — ( 7,668 ) 63,759 Obligations of state and political subdivisions 257,170 141 ( 44,746 ) 212,565 US Treasuries 55,925 — ( 6,539 ) 49,386 Total Available-for-Sale $ 1,159,810 $ 456 $ ( 162,138 ) $ 998,128 Amortized Gross Gross Fair Value (In Thousands) At December 31, 2022 Available-for-sale Obligations of U.S. government corporations and agencies $ 117,150 $ — $ ( 21,241 ) $ 95,909 Mortgage-backed securities 200,548 — ( 32,959 ) 167,589 Collateralized mortgage obligations 299,731 — ( 49,926 ) 249,805 Asset-backed securities 200,312 517 ( 8,325 ) 192,504 Corporate bonds 71,543 — ( 7,061 ) 64,482 Obligations of state and political subdivisions 274,856 92 ( 53,354 ) 221,594 US Treasuries 55,987 — ( 7,789 ) 48,198 Total Available-for-Sale $ 1,220,127 $ 609 $ ( 180,655 ) $ 1,040,081
Schedule of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of the investment securities portfolio at March 31, 2023, 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, MBS, CMOs and 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 $ 623 $ 624 Due after one year through five years 43,817 40,481 Due after five years through ten years 230,273 201,039 Due after ten years 226,774 181,205 MBS/CMO/ABS 658,323 574,779 $ 1,159,810 $ 998,128
Schedule of Securities that were in an Unrealized Loss Position	The following tables summarize Premier’s securities that were in an unrealized loss position at March 31, 2023 and December 31, 2022: Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At March 31, 2023 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ — $ — $ 97,639 $ ( 19,326 ) $ 97,639 $ ( 19,326 ) Mortgage-backed securities 3,678 ( 117 ) 163,082 ( 30,099 ) 166,760 ( 30,216 ) Collateralized mortgage obligations — — 248,382 ( 46,921 ) 248,382 ( 46,921 ) Asset-backed securities 3,697 ( 4 ) 128,276 ( 6,718 ) 131,973 ( 6,722 ) Corporate bonds 8,723 ( 800 ) 55,036 ( 6,868 ) 63,759 ( 7,668 ) Obligations of state and political subdivisions 18,293 ( 412 ) 177,794 ( 44,334 ) 196,087 ( 44,746 ) US Treasuries — 49,386 ( 6,539 ) 49,386 ( 6,539 ) Total available-for-sale $ 34,391 $ ( 1,333 ) $ 919,595 $ ( 160,805 ) $ 953,986 $ ( 162,138 ) 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, 2022 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 64,394 $ ( 11,158 ) $ 31,513 $ ( 10,083 ) $ 95,907 $ ( 21,241 ) Mortgage-backed securities-residential 40,908 ( 4,184 ) 126,681 ( 28,775 ) 167,589 ( 32,959 ) Collateralized mortgage obligations 60,676 ( 11,985 ) 159,129 ( 37,941 ) 219,805 ( 49,926 ) Asset-backed securities 45,534 ( 1,499 ) 113,580 ( 6,826 ) 159,114 ( 8,325 ) Corporate bonds 49,114 ( 4,960 ) 15,368 ( 2,101 ) 64,482 ( 7,061 ) Obligations of state and political subdivisions 106,610 ( 13,378 ) 98,063 ( 39,976 ) 204,673 ( 53,354 ) US Treasuries 19,891 ( 3,448 ) 28,309 ( 4,341 ) 48,200 ( 7,789 ) Total available-for-sale $ 387,127 $ ( 50,612 ) $ 572,643 $ ( 130,043 ) $ 959,770 $ ( 180,655 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, December 31, (In Thousands) Real Estate: Residential $ 1,624,331 $ 1,535,574 Commercial 2,813,441 2,762,311 Construction 1,185,947 1,278,255 5,623,719 5,576,140 Other Loans: Commercial 1,061,142 1,055,180 Home equity and improvement 271,676 277,613 Consumer finance 212,299 213,405 1,545,117 1,546,198 Loans before deferred loan origination fees and costs 7,168,836 7,122,338 Deduct: Undisbursed construction loan funds ( 604,228 ) ( 672,775 ) Net deferred loan origination fees and costs 11,221 11,057 Allowance for credit losses ( 74,273 ) ( 72,816 ) Total loans $ 6,501,556 $ 6,387,804
Summary of amortized cost basis of collateral-dependent loans by Class of loans and collateral type	The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2023 and December 31, 2022 (in thousands): March 31, 2023 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 50 $ — $ — $ — $ 50 Commercial 12,787 — 1,190 — 13,977 Construction — — — — — Other Loans: Commercial 2,026 447 3,858 31 6,362 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 14,863 $ 447 $ 5,048 $ 31 $ 20,389 December 31, 2022 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ 51 $ — $ — $ — $ 51 Commercial 10,708 — 2,716 — 13,424 Construction — — — — — Other Loans: Commercial 2,161 523 3,858 — 6,542 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 12,920 $ 523 $ 6,574 $ — $ 20,017
Schedule of current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned	The following table presents the current balance of the aggregate amounts of non-performing assets, comprised of non-performing loans and real estate owned as of the dates indicated: March 31, December 31, (In Thousands) Non-accrual loans with reserve $ 19,925 $ 20,369 Non-accrual loans without reserve 14,452 13,453 Loans 90 days plus past due and still accruing — — Total non-performing loans 34,377 33,822 Real estate and other assets held for sale 393 619 Total non-performing assets $ 34,770 $ 34,441
Schedule of aging of the amortized cost/ recorded investment in past due and non- accrual loans	The following table presents the aging of the amortized cost in past due and non-accrual loans as of March 31, 2023, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,608,696 $ 228 $ 4,254 $ 5,224 $ 9,706 $ 6,763 Commercial 2,804,630 760 21 10,122 10,903 14,187 Construction 581,575 — 144 — 144 — Other Loans: Commercial 1,050,336 494 252 4,703 5,449 5,142 Home equity and improvement 266,094 1,571 426 1,363 3,360 1,879 Consumer finance 208,619 2,976 534 2,243 5,753 2,508 PCD 17,031 431 253 2,849 3,533 3,898 Total Loans $ 6,536,981 $ 6,460 $ 5,884 $ 26,504 $ 38,848 $ 34,377 The following table presents the aging of the recorded investment in past due and non-accrual loans as of December 31, 2022, by class of loans (in thousands): Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,516,135 $ 279 $ 6,350 $ 6,203 $ 12,832 $ 7,724 Commercial 2,751,933 327 878 11,477 12,682 13,396 Construction 605,043 298 139 — 437 — Other Loans: Commercial 1,044,898 413 128 4,635 5,176 4,862 Home equity and improvement 269,183 4,342 489 1,190 6,021 1,637 Consumer finance 209,062 2,763 1,397 2,227 6,387 2,401 PCD 17,082 603 495 2,651 3,749 3,802 Total Loans $ 6,413,336 $ 9,025 $ 9,876 $ 28,383 $ 47,284 $ 33,822
Schedule of percentage of the amortized cost basis of loan category	The percentage of the amortized cost basis of loans that were modified to borrowers experiencing financial difficulty as compared to the amortized cost basis of each class of loan category is also presented below: Loans Modifications Made to Borrowers Experiencing Financial Difficulty Term Extension Loan Type Amortized Cost Basis Percent of total loans by Real Estate: Residential $ — — Commercial 373 0.01 % Construction — — Other Loans: Commercial 39 0.00 % Home equity and improvement — — Consumer finance — — Total $ 412
Schedule of Financial Effects of Loan Modifications	The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Loan Type Financial Effect Real Estate: Commercial Added 12 months to the life of the loan, which reduced monthly payment amounts for the borrower. Other Loans: Commercial Added 84 months to the life of the loan to term out 2 year balloon, which reduced monthly payment amounts for the borrower.
Schedule of risk category of loans by class of loans	As of March 31, 2023, 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 $ 1,610,097 $ 493 $ 7,812 $ — $ 7,812 $ 1,618,402 Commercial 2,752,132 41,677 21,724 — 21,724 2,815,533 Construction 581,719 — — — — 581,719 Other Loans: Commercial 1,015,372 33,090 7,323 — 7,323 1,055,785 Home equity and improvement 267,587 — 1,867 — 1,867 269,454 Consumer finance 211,895 — 2,477 — 2,477 214,372 PCD 13,177 3,683 3,704 — 3,704 20,564 Total Loans (1) $ 6,451,979 $ 78,943 $ 44,907 $ — $ 44,907 $ 6,575,829 (1) Total loans are net of undisbursed funds and deferred fees and costs. As of December 31, 2022, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential 1,519,657 935 8,375 — 8,375 1,528,967 Commercial 2,698,292 46,029 20,294 — 20,294 2,764,615 Construction 605,480 — — — — 605,480 Other Loans: Commercial 1,016,925 26,319 6,830 — 6,830 1,050,074 Home equity and improvement 273,613 — 1,591 — 1,591 275,204 Consumer finance 213,078 — 2,371 — 2,371 215,449 PCD 13,904 2,590 4,337 — 4,337 20,831 Total Loans (1) $ 6,340,949 $ 75,873 $ 43,798 $ — $ 43,798 $ 6,460,620 (1) Total loans are net undisbursed loan funds and deferred fees and costs
Summary of amortized cost basis of loans by credit quality indicator and class of loans	The following tables present the amortized cost basis of loans by credit quality indicator and class of loans as of March 31, 2023 and December 31, 2022 (in thousands). Term of loans by origination 2023 2022 2021 2020 2019 Prior Revolving Loans Total As of March 31, 2023 Real Estate Residential: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 5 $ — $ 5 Risk Rating Unclassified $ 42,003 $ 343,450 $ 463,431 $ 331,088 $ 92,532 $ 335,784 $ 1,809 $ 1,610,097 Special Mention — — — 178 — 315 — 493 Substandard — 325 1,366 976 721 4,424 — 7,812 Doubtful — — — — — — — — Total $ 42,003 $ 343,775 $ 464,797 $ 332,242 $ 93,253 $ 340,523 $ 1,809 $ 1,618,402 Commercial: Current-period gross charge-offs $ — $ — $ — $ — $ 112 $ 1,557 $ — $ 1,669 Risk Rating Unclassified $ 66,836 $ 585,730 $ 530,145 $ 520,817 $ 320,220 $ 714,615 $ 13,769 $ 2,752,132 Special Mention — 213 1,961 — 322 39,071 110 41,677 Substandard — 274 2,087 2,750 4,833 11,649 131 21,724 Doubtful — — — — — — — — Total $ 66,836 $ 586,217 $ 534,193 $ 523,567 $ 325,375 $ 765,335 $ 14,010 $ 2,815,533 Construction: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Risk Rating Unclassified $ 13,934 $ 355,461 $ 160,963 $ 40,998 $ 10,363 $ — $ — $ 581,719 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 13,934 $ 355,461 $ 160,963 $ 40,998 $ 10,363 $ — $ - $ 581,719 Other Loans Commercial: Current-period gross charge-offs $ — $ — $ — $ — $ 498 $ — $ — $ 498 Risk Rating Unclassified $ 51,429 $ 261,813 $ 196,844 $ 82,463 $ 46,141 $ 39,007 $ 337,675 $ 1,015,372 Special Mention 668 2,075 5,523 4,985 1,260 6,127 12,452 33,090 Substandard — 283 31 3,897 92 326 2,694 7,323 Doubtful — — — — — — — — Total $ 52,097 $ 264,171 $ 202,398 $ 91,345 $ 47,493 $ 45,460 $ 352,821 $ 1,055,785 Home equity and Improvement: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 9 $ 15 $ 24 Risk Rating Unclassified $ 4,692 $ 28,615 $ 20,528 $ 5,129 $ 3,447 $ 30,684 $ 174,492 $ 267,587 Special Mention — — — — — — — — Substandard — 30 14 — 28 440 1,355 1,867 Doubtful — — — — — — — — Total $ 4,692 $ 28,645 $ 20,542 $ 5,129 $ 3,475 $ 31,124 $ 175,847 $ 269,454 Consumer Finance: Current-period gross charge-offs $ — $ 268 $ 97 $ 36 $ 41 $ 6 $ 1 $ 449 Risk Rating Unclassified $ 16,885 $ 123,154 $ 30,347 $ 15,678 $ 11,755 $ 4,819 $ 9,257 $ 211,895 Special Mention — — — — — — — — Substandard — 958 545 553 282 70 69 2,477 Doubtful — — — — — — — — Total $ 16,885 $ 124,112 $ 30,892 $ 16,231 $ 12,037 $ 4,889 $ 9,326 $ 214,372 PCD: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 63 $ 5 $ 68 Risk Rating Unclassified $ — $ — $ — $ — $ 127 $ 12,629 $ 421 $ 13,177 Special Mention — — — — — 758 2,925 3,683 Substandard — — — — 1 3,500 203 3,704 Doubtful — — — — — — — — Total $ — $ — $ — $ - $ 128 $ 16,887 $ 3,549 $ 20,564 Term of loans by origination 2022 2021 2020 2019 2018 Prior Revolving Loans Total As of December 31, 2022 Real Estate Residential: Risk Rating Pass $ 264,884 $ 474,992 $ 335,982 $ 93,548 $ 51,710 $ 296,089 $ 2,452 $ 1,519,657 Special Mention — — 180 30 80 78 567 935 Substandard 280 1,648 1,614 922 517 3,394 — 8,375 Doubtful — — — — — — — — Total $ 265,164 $ 476,640 $ 337,776 $ 94,500 $ 52,307 $ 299,561 $ 3,019 $ 1,528,967 Commercial: Risk Rating Pass $ 582,384 $ 506,386 $ 517,790 $ 324,210 $ 194,240 $ 557,728 $ 15,554 $ 2,698,292 Special Mention 161 3,614 — 593 25,395 15,561 705 46,029 Substandard 115 2,104 527 4,612 4,455 8,348 133 20,294 Doubtful — — — — — — — — Total $ 582,660 $ 512,104 $ 518,317 $ 329,415 $ 224,090 $ 581,637 $ 16,392 $ 2,764,615 Construction: Risk Rating Pass $ 348,570 $ 182,755 $ 53,161 $ 20,994 $ — $ — $ — $ 605,480 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 348,570 $ 182,755 $ 53,161 $ 20,994 $ — $ — $ — $ 605,480 Other Loans Commercial: Risk Rating Pass $ 266,501 $ 208,663 $ 90,014 $ 49,887 $ 23,719 $ 22,515 $ 355,626 $ 1,016,925 Special Mention 1,891 4,094 3,913 1,533 1,160 5,365 8,363 26,319 Substandard 16 119 3,897 4 190 204 2,400 6,830 Doubtful — — — — — — — — Total $ 268,408 $ 212,876 $ 97,824 $ 51,424 $ 25,069 $ 28,084 $ 366,389 $ 1,050,074 Home equity and Improvement: Risk Rating Pass $ 30,009 $ 21,116 $ 5,387 $ 3,592 $ 1,849 $ 30,509 $ 181,151 $ 273,613 Special Mention — — — — — — — — Substandard 44 14 — 28 32 502 971 1,591 Doubtful — — — — — — — — Total $ 30,053 $ 21,130 $ 5,387 $ 3,620 $ 1,881 $ 31,011 $ 182,122 $ 275,204 Consumer Finance: Risk Rating Pass $ 133,194 $ 33,109 $ 17,219 $ 13,681 $ 4,022 $ 2,529 $ 9,324 $ 213,078 Special Mention — — — — — — — — Substandard 676 483 668 316 62 34 132 2,371 Doubtful — — — — — — — — Total $ 133,870 $ 33,592 $ 17,887 $ 13,997 $ 4,084 $ 2,563 $ 9,456 $ 215,449 PCD: Risk Rating Pass $ — $ — $ — $ 131 $ 369 $ 13,117 $ 287 $ 13,904 Special Mention — — — — — 292 2,298 2,590 Substandard — — — 2 22 3,697 616 4,337 Doubtful — — — — — — — — Total $ — $ — $ — $ 133 $ 391 $ 17,106 $ 3,201 $ 20,831
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 allowance for credit loss (ACL) activity	The following table discloses allowance for credit loss (“ACL”) activity for the three months ended March 31, 2023 and 2022 by portfolio segment (in thousands): Three Months Ended March 31, 2023 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 16,711 $ 34,218 $ 4,025 $ 11,769 $ 4,044 $ 2,049 $ 72,816 Charge-Offs ( 5 ) ( 1,669 ) — ( 511 ) ( 79 ) ( 449 ) ( 2,713 ) Recoveries 22 12 — 96 21 75 226 Provisions 1,501 1,270 ( 143 ) 1,171 ( 332 ) 477 3,944 Ending Allowance $ 18,229 $ 33,831 $ 3,882 $ 12,525 $ 3,654 $ 2,152 $ 74,273 Three Months Ended March 31, 2022 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 12,029 $ 32,399 $ 3,004 $ 13,410 $ 4,221 $ 1,405 $ 66,468 Charge-Offs ( 140 ) ( 7 ) — ( 10 ) ( 29 ) ( 103 ) ( 289 ) Recoveries 81 59 — 102 34 114 390 Provisions ( 330 ) 1,750 ( 391 ) 319 ( 307 ) ( 415 ) 626 Ending Allowance $ 11,640 $ 34,201 $ 2,613 $ 13,821 $ 3,919 $ 1,001 $ 67,195
Schedule of outstanding balance and related allowance on loans	The outstanding balance and related allowance on these loans as of March 31, 2023 and December 31, 2022 is as follows (in thousands): As of March 31, 2023 As of December 31, 2022 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 11,332 $ 159 $ 11,546 $ 139 Commercial 1,442 34 1,544 34 Construction — — — — 12,774 193 13,090 173 Other Loans: Commercial 5,313 588 5,058 594 Home equity and improvement 2,222 61 2,409 80 Consumer finance 255 5 274 5 7,790 654 7,741 679 Total $ 20,564 $ 847 $ 20,831 $ 852

Mortgage Banking (Tables)

Mortgage Banking (Tables)	3 Months Ended
	Mar. 31, 2023
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 2023 2022 (In Thousands) Mortgage banking (loss) gain, net $ ( 837 ) $ 2,543 Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,888 1,879 Amortization of mortgage servicing rights ( 1,219 ) ( 1,403 ) Mortgage servicing rights valuation adjustments ( 106 ) 1,233 563 1,709 Net (expense) revenue from sale and servicing of mortgage loans $ ( 274 ) $ 4,252
Schedule of capitalized mortgage and valuation allowance	Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2023 and 2022: Three Months Ended 2023 2022 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 21,858 $ 22,244 Loans sold, servicing retained 808 1,348 Amortization ( 1,219 ) ( 1,403 ) Carrying value before valuation allowance at end of period 21,447 22,189 Valuation allowance: Balance at beginning of period ( 687 ) ( 2,707 ) Impairment recovery (charges) ( 106 ) 1,233 Balance at end of period ( 793 ) ( 1,474 ) Net carrying value of MSRs at end of period $ 20,654 $ 20,715 Fair value of MSRs at end of period $ 28,165 $ 25,996

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of Undiscounted Cash Flows Included in Lease Liabilities	Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (In Thousands) March 31, 2023 Remainder of 2023 $ 2,854 2024 1,977 2025 1,675 2026 1,419 2027 1,290 Thereafter 11,172 Total undiscounted minimum lease payments 20,387 Present value adjustment ( 4,210 ) Total lease liabilities $ 16,177

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Summary of deposit balances	A summary of deposit balances is as follows: March 31, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,649,726 $ 1,869,509 Interest-bearing checking and money market accounts 3,179,844 3,185,440 Savings deposits 775,728 798,003 Retail certificates of deposit less than $250,000 708,818 645,318 Retail certificates of deposit greater than $250,000 305,046 264,741 Brokered deposits 154,869 143,708 $ 6,774,031 $ 6,906,719

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2023
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: March 31, 2023 December 31, 2022 (In Thousands) FHLB Advances: Single maturity fixed rate advances $ — $ 195,000 Overnight advances 658,000 233,000 Total $ 658,000 $ 428,000 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 $ 49,041 $ 49,020

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Line of Credit Facilities	The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (in thousands): March 31, 2023 December 31, 2022 Commitments to make loans $ 820,570 $ 957,533 Unused lines of credit 1,072,405 1,044,875 Standby letters of credit 17,884 18,632 Total $ 1,910,859 $ 2,021,040

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)	The components of income tax expense (benefit) are as follows: For the Three Months Ended March 31, 2023 2022 (In Thousands) Current: Federal $ 3,352 $ 5,814 State and local 136 163 Deferred 615 193 $ 4,103 $ 6,170
Schedule of effective income tax rate reconciliation	The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended March 31, 2023 2022 (In Thousands) Tax expense at statutory rate (21%) $ 4,673 $ 6,830 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 107 128 Tax exempt interest income, net of TEFRA ( 140 ) ( 186 ) Bank owned life insurance ( 298 ) ( 209 ) Captive insurance ( 92 ) ( 105 ) Other ( 147 ) ( 288 ) Total $ 4,103 $ 6,170

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Carrying Values of the Derivative Instrument Assets	The table below provides data about the carrying values of these derivative instrument assets: March 31, 2023 December 31, 2022 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ ( 1,348 ) $ 1,349
Schedule of Amount of Gains and Losses Recognized in Income on Derivative Instruments Not Designated as Hedging Instruments	The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2023 and 2022 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended 2023 2022 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – (Loss) Gain $ ( 2,697 ) $ 7,587
Summary of Interest Rate Swap Designated as Cash Flow Hedge	A summary of the interest-rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2023 December 31, 2022 Notional amount $ 250,000 $ 250,000 Weighted average fixed receive rates 1.437 % 1.437 % Weighted average variable 1-month LIBOR pay rates 4.860 % 4.392 % Weighted average remaining maturity (in years) 7.8 8.1 Fair value $ ( 33,395 ) $ ( 40,032 )

Other Comprehensive (Loss) In_2

Other Comprehensive (Loss) Income (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 Securities available for sale and transferred securities: Change in net unrealized gains during the period $ 18,399 $ ( 3,864 ) $ 14,535 Reclassification adjustment for net gains included in net income ( 34 ) 7 ( 27 ) Cash flow hedge derivatives Change in net unrealized gains during the period 8,586 ( 1,803 ) 6,783 Reclassification adjustment for net gains included in net income ( 1,949 ) 409 ( 1,540 ) Total other comprehensive income $ 25,002 $ ( 5,251 ) $ 19,751 Before Tax Tax (Expense) Net of Tax (In Thousands) Three Months Ended March 31, 2022 Securities available for sale and transferred securities: Change in net unrealized losses during the period $ ( 74,193 ) $ 15,580 $ ( 58,613 ) Reclassification adjustment for net gains included in net income — — — Cash flow hedge derivatives Change in net unrealized losses during the period ( 16,241 ) 3,411 ( 12,830 ) Reclassification adjustment for net gains included in net income ( 793 ) 167 ( 626 ) Total other comprehensive loss $ ( 91,227 ) $ 19,158 $ ( 72,069 )
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, 2023 $ ( 142,236 ) $ 402 $ ( 31,626 ) $ ( 173,460 ) Other comprehensive income before reclassifications 14,535 — 6,783 21,318 Amounts reclassified from accumulated other comprehensive income ( 27 ) — ( 1,540 ) ( 1,567 ) Net other comprehensive income during period 14,508 — 5,243 19,751 Balance March 31, 2023 $ ( 127,728 ) $ 402 $ ( 26,383 ) $ ( 153,709 ) Balance January 1, 2022 $ ( 4,023 ) $ ( 79 ) $ 674 $ ( 3,428 ) Other comprehensive loss before reclassifications ( 58,613 ) — ( 12,830 ) ( 71,443 ) Amounts reclassified from accumulated other comprehensive loss — — ( 626 ) ( 626 ) Net other comprehensive loss during period ( 58,613 ) — ( 13,456 ) ( 72,069 ) Balance March 31, 2022 $ ( 62,636 ) $ ( 79 ) $ ( 12,782 ) $ ( 75,497 )

Fair Value - Additional informa

Fair Value - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
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 5 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	$ 119,604		$ 115,251
Available for sale assets at fair value	0	$ 0
Residential Mortgage Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	22,300		23,600
Loans held for sale, contractual balance	23,400		25,300
Gains (losses) on sale of loans held for sale for the change in fair value	367,000	1,500
Permanent Construction Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	97,300		91,700
Loans held for sale, contractual balance	102,700		$ 103,100
Gains (losses) on sale of loans held for sale for the change in fair value	$ 6,000	$ 13,400
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	Mar. 31, 2023	Dec. 31, 2022
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 998,128	$ 1,040,081
Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	248,382	249,805
Fair Value, Inputs, Level 2 [Member] | Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	248,382	249,805
Obligations of U.S. government corporations and agencies [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	97,639	95,909
Obligations of U.S. government corporations and agencies [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	0
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	97,639	95,909
Mortgage-Backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	166,760	167,589
Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	166,760	167,589
Asset-backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	159,637	192,504
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	159,637	192,504
Corporate bonds [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	63,759	64,482
Corporate bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	63,759	64,482
Obligations of state and political subdivisions [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	212,565	221,594
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	212,565	221,594
US Treasuries [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	49,386	48,198
US Treasuries [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	49,386	48,198
Equity Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	6,387	7,832
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	6,387	7,832
Loans Held for Sale, at Fair Value [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	119,604	115,251
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	22,324	23,589
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	97,280	91,662
Interest Rate Swap Assets [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	4,180	4,494
Interest Rate Swap Assets [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	4,180	4,494
Interest Rate Swap Liability [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	4,180	4,494
Interest Rate Swap Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	4,180	4,494
Cash Flow Hedge Derivative Liability [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	33,395	40,032
Cash Flow Hedge Derivative Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	33,395	40,032
Mortgage banking derivatives [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	1,348	1,349
Mortgage banking derivatives [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 1,348	$ 1,349

Fair Value - Summary of Reconci

Fair Value - Summary of Reconciliation of all Assets Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs (Level 3) (Details) - Construction Loans Held for Sale [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance of recurring Level 3 assets at beginning of period	$ 91,662	$ 134,167
Total gains (losses) for the period, Included in change in fair value of loans held for sale	5,971	(13,459)
Originations	23,181	36,343
Sales	(23,534)	(40,567)
Balance of recurring Level 3 assets at end of period	$ 97,280	$ 116,484

Fair Value - Schedule of Level

Fair Value - Schedule of Level 3 Assets and Liabilities Measured At Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 119,604	$ 115,251
Range of Input 0.00% - 0.14% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 97,280
Fair Value Measurements Valuation Processes Description 1	Adjusted secondary market pricing
Unobservable Inputs, Fair Value	Adjustments
Fair Value, Range of Input, Minimum	0%
Fair Value, Range of Input, Maximum	0.14%
Range of Input 0.00% - 1.04% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value		$ 91,662
Fair Value Measurements Valuation Processes Description 1		Adjusted secondary market pricing
Unobservable Inputs, Fair Value		Adjustments
Fair Value, Range of Input, Minimum		0%
Fair Value, Range of Input, Maximum		1.04%

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Measured on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Individually analyzed loans
Mortgage servicing rights	$ 2,513	$ 5,126
Commercial Real Estate [Member]
Individually analyzed loans
Total individually analyzed loans	5,260	3,512
Commercial [Member]
Individually analyzed loans
Total individually analyzed loans	4,861	5,492
Fair Value, Inputs, Level 2 [Member]
Individually analyzed loans
Mortgage servicing rights	2,513	5,126
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member]
Individually analyzed loans
Total individually analyzed loans	5,260	3,512
Fair Value, Inputs, Level 3 [Member] | Commercial [Member]
Individually analyzed loans
Total individually analyzed loans	$ 4,861	$ 5,492

Fair Value - Schedule of Leve_2

Fair Value - Schedule of Level 3 Assets and Liabilities Measured At Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Individually analyzed Loans- Applies to loan classes with an appraisal valuation	$ 6,263	$ 5,146
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%	10%
Fair Value, Range of Input, Maximum	50%	50%
Fair Value Measurement Weighted Average Range	22.46%	28.29%

Fair Value - Balance Sheet Grou

Fair Value - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financial Assets, Carrying Value:
Cash and cash equivalents, Carrying Value	$ 157,027	$ 128,160
Accrued interest receivable	29,388	28,709
Federal Home Loan Bank Stock, Carrying Value	37,056	29,185
Loans receivable, net, Carrying Value	6,501,556	6,387,804
Financial Liabilities, Carrying Value:
Deposits, Carrying Value	6,774,031	6,906,719
Advances from Federal Home Loan Bank	658,000	428,000
Subordinated debentures, Carrying Value	85,123	85,103
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	157,027	128,160
Securities available-for-sale, carried at fair value	998,128	1,040,081
Accrued interest receivable	29,388	28,709
Equity securities, Fair Value	6,387	7,832
Loans receivable, net, Fair Value	6,267,202	6,129,814
Loans held for sale, fair value disclosure	119,604	115,251
Financial Liabilities, Fair Value:
Deposits, Fair Value	6,778,208	6,881,110
Advances from Federal Home Loan	657,994	427,999
Subordinated debentures, Fair Value	73,758	76,989
Fair Value, Inputs, Level 1 [Member]
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	157,027	128,160
Accrued interest receivable	29,388	28,709
Financial Liabilities, Fair Value:
Deposits, Fair Value	5,605,298	5,852,952
Fair Value, Inputs, Level 2 [Member]
Financial Assets, Fair Value:
Accrued interest receivable	0
Financial Liabilities, Fair Value:
Deposits, Fair Value	1,172,910	1,028,158
Advances from Federal Home Loan	657,994	427,999
Subordinated debentures, Fair Value	0
Fair Value, Inputs, Level 3 [Member]
Financial Assets, Fair Value:
Accrued interest receivable		0
Loans receivable, net, Fair Value	6,267,202	6,129,814
Financial Liabilities, Fair Value:
Advances from Federal Home Loan		0
Subordinated debentures, Fair Value	$ 73,758	$ 76,989

Stock Compensation Plans - Addi

Stock Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	29,661		29,661
Stock Option Period, Description	All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or one year after the retirement date.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 month
Allocated Share-based Compensation Expense	$ 444,000	$ 262,000
Compensation Expense, Maximum	5,600,000
Estimated Compensation Expense, Excepted	3,500,000
Unrecognized Compensation Expense	865,000
Reduction of expense	338,000	$ 499,000
Directors [Member]
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs	$ 6,000
Stock Issued During Period Shares Employee Stock Purchase Plans	753
Executive Long-Term Equity Incentive Plan [Member]
Stock Option Period, Description	The value of awards issued in 2021, 2022 and 2023 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 of the participant.
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%
Executive Long-Term Equity Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	50%
Equity Plan 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	900,000
Long Term Equity Incentive Plan2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,200,000
Performance Stock Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	66,482
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	217,562		229,813
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	66,482
Restricted Stock Awards (RSAs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	60,526
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	13,655
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	159,938		99,412
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	25,044
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	25,170		31,796
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		19,612
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%
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%
Short Term Incentive Plan [Member]
Allocated Share-based Compensation Expense	$ 546,000		$ 2,100,000
Restricted Stock Grants [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	159,938

Stock Compensation Plans - Sche

Stock Compensation Plans - Schedule of Restricted Stock Units and Stock Grants (Details)	3 Months Ended
	Mar. 31, 2023 $ / shares shares
Performance Stock Units [Member]
Shares, Unvested at January 1, 2023	229,813
Shares, Granted	66,482
Shares, Vested	(55,435)
Shares, Forfeited	(23,298)
Shares, Unvested at March 31, 2023	217,562
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2023 | $ / shares	$ 29.12
Weighted-Average Grant Date Fair Value, Granted | $ / shares	24.78
Weighted-Average Grant Date Fair Value, Vested | $ / shares	26.48
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	26.48
Weighted-Average Grant Date Fair Value, Unvested at March 31, 2023 | $ / shares	$ 28.75
Restricted Stock Units (RSUs) [Member]
Shares, Unvested at January 1, 2023	31,796
Shares, Vested	(6,626)
Shares, Forfeited	0
Shares, Unvested at March 31, 2023	25,170
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2023 | $ / shares	$ 28.44
Weighted-Average Grant Date Fair Value, Vested | $ / shares	22.41
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	0
Weighted-Average Grant Date Fair Value, Unvested at March 31, 2023 | $ / shares	$ 30.03
Restricted Stock Grants [Member]
Shares, Unvested at March 31, 2023	159,938
Restricted Stock Awards (RSAs) [Member]
Shares, Unvested at January 1, 2023	99,412
Shares, Granted	60,526
Shares, Vested	0
Shares, Forfeited	0
Shares, Unvested at March 31, 2023	159,938
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2023 | $ / shares	$ 29.14
Weighted-Average Grant Date Fair Value, Granted | $ / shares	24.84
Weighted-Average Grant Date Fair Value, Vested | $ / shares	0
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	0
Weighted-Average Grant Date Fair Value, Unvested at March 31, 2023 | $ / shares	$ 27.51

Stock Compensation Plans - Sc_2

Stock Compensation Plans - Schedule of Stock Option Activity Under the Plans (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Options outstanding, January 1, 2023 | shares	29,661
Option Outstanding, Forfeited or cancelled | shares	0
Option Outstanding, Exercised | shares	0
Option Outstanding, Granted | shares	0
Options outstanding, March 31, 2023 | shares	29,661
Exercisable at March 31, 2023 | shares	29,661
Weighted Average Exercise Price, Options outstanding, January 1, 2023 | $ / shares	$ 22.54
Weighted Average Exercise Price, Forfeited or cancelled | $ / shares	0
Weighted Average Exercise Price, Exercised | $ / shares	0
Weighted Average Exercise Price, Granted | $ / shares	0
Weighted Average Exercise Price, Options outstanding, March 31, 2023 | $ / shares	22.54
Weighted Average Exercise Price, Exercisable at March 31, 2023 | $ / shares	$ 22.54
Weighted Average Remaining Contractual Term (In years), outstanding, March 31, 2023	3 years 10 months 2 days
Weighted Average Remaining Contractual Terms (In years), Exercisable at March 31, 2023	3 years 10 months 2 days
Aggregate Intrinsic Value, outstanding, March 31, 2023 | $	$ 43,909
Aggregate Intrinsic Value, Exercisable at March 31, 2023 | $	$ 43,909

Dividends on Common Stock (Deta

Dividends on Common Stock (Details) - $ / shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Dividends, Common Stock [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.31	$ 0.30
Common Stock, Dividends, Per Share, Declared	$ 0.31	$ 0.30

Earnings Per Common Share - Com

Earnings Per Common Share - Computation of basic and diluted earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Basic Earnings Per Share:
Net income available to common shareholders	$ 18,149	$ 26,357
Less: income allocated to participating securities	42	35
Net income allocated to common shareholders	$ 18,107	$ 26,322
Weighted average common shares outstanding including participating securities	35,649	36,026
Less: Participating securities	43	48
Average common shares	35,606	35,978
Basic earnings per common share	$ 0.51	$ 0.73
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 18,107	$ 26,322
Weighted average common shares outstanding for basic earnings per common share	35,606	35,978
Add: Dilutive effects of stock options and restricted stock units	113	112
Average shares and dilutive potential common shares	35,719	36,090
Diluted earnings per common share	$ 0.51	$ 0.73

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share, Basic [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	627	16,206

Investment Securities - Summary

Investment Securities - Summary of Available-for-Sale Securities - (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 1,159,810	$ 1,220,127
Available-for-Sale Securities, Gross Unrealized Gains	456	609
Available-for-Sale Securities, Gross Unrealized Loss	(162,138)	(180,655)
Available-for-Sale Securities, Fair Value	998,128	1,040,081
Obligations of U.S. government corporations and agencies [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	116,965	117,150
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(19,326)	(21,241)
Available-for-Sale Securities, Fair Value	97,639	95,909
Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	196,976	200,548
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(30,216)	(32,959)
Available-for-Sale Securities, Fair Value	166,760	167,589
Collateralized mortgage obligations [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	295,303	299,731
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(46,921)	(49,926)
Available-for-Sale Securities, Fair Value	248,382	249,805
Asset-backed securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	166,044	200,312
Available-for-Sale Securities, Gross Unrealized Gains	315	517
Available-for-Sale Securities, Gross Unrealized Loss	(6,722)	(8,325)
Available-for-Sale Securities, Fair Value	159,637	192,504
Corporate bonds [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	71,427	71,543
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(7,668)	(7,061)
Available-for-Sale Securities, Fair Value	63,759	64,482
Obligations of state and political subdivisions [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	257,170	274,856
Available-for-Sale Securities, Gross Unrealized Gains	141	92
Available-for-Sale Securities, Gross Unrealized Loss	(44,746)	(53,354)
Available-for-Sale Securities, Fair Value	212,565	221,594
US Treasuries [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	55,925	55,987
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(6,539)	(7,789)
Available-for-Sale Securities, Fair Value	$ 49,386	$ 48,198

Investment Securities - Schedul

Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Marketable Securities [Abstract]
Available-for-sale, Due in one year or less, Amortized Cost	$ 623
Available-for-sale, Due after one year through five years, Amortized Cost	43,817
Available-for-sale, Due after five years through ten years, Amortized Cost	230,273
Available-for-sale, Due after ten years, Amortized Cost	226,774
Available-for-sale, MBS/CMO/ABS, Amortized Cost	658,323
Available-for-Sale Securities, Amortized Cost	1,159,810	$ 1,220,127
Available-for-sale, Due in one year or less, Fair Value	624
Available-for-sale, Due after one year through five years, Fair Value	40,481
Available-for-sale, Due after five years through ten years, Fair Value	201,039
Available-for-sale, Due after ten years, Fair Value	181,205
Available-for-sale,MBS/CMO/ABS, Fair Value	574,779
Available-for-sale, Fair Value	$ 998,128	$ 1,040,081

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Marketable Securities [Line Items]
Security Owned and Pledged as Collateral Carrying Value	$ 793,100,000		$ 759,800,000
Realized available-for-sale securities gains (losses)	34,000,000	$ 0
Preferred and common stock held as investment securities	6,387,000		7,832,000
Unrealized loss on equity securities	$ (1,445,000)	$ (643,000)
Minimum [Member]
Marketable Securities [Line Items]
Loss Rate Percent	3%
Preferred and Common Stock [Member]
Marketable Securities [Line Items]
Preferred and common stock held as investment securities	$ 6,400,000		$ 7,800,000

Investment Securities - Unreali

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Total temporarily impaired securities, Duration Unrealized Loss Position, Less Than Twelve Months, Fair Value	$ 34,391	$ 387,127
Total temporarily impaired securities, Duration of Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	(1,333)	(50,612)
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Fair Value	919,595	572,643
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Loss	(160,805)	(130,043)
Total temporarily impaired securities, Duration of Unrealized Loss Position, Fair Value	953,986	959,770
Total temporarily impaired securities, Duration of Unrealized Loss Position, Unrealized Loss	(162,138)	(180,655)
Obligations of U.S. government corporations and agencies [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	0	64,394
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	0	(11,158)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	97,639	31,513
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(19,326)	(10,083)
Available-for-sale securities, Total, Fair Value	97,639	95,907
Available-for-sale securities, Total, Unrealized Loss	(19,326)	(21,241)
Mortgage-Backed Securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	3,678	40,908
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(117)	(4,184)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	163,082	126,681
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(30,099)	(28,775)
Available-for-sale securities, Total, Fair Value	166,760	167,589
Available-for-sale securities, Total, Unrealized Loss	(30,216)	(32,959)
Collateralized mortgage obligations [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	0	60,676
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	0	(11,985)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	248,382	159,129
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(46,921)	(37,941)
Available-for-sale securities, Total, Fair Value	248,382	219,805
Available-for-sale securities, Total, Unrealized Loss	(46,921)	(49,926)
Asset-backed securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	3,697	45,534
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(4)	(1,499)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	128,276	113,580
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(6,718)	(6,826)
Available-for-sale securities, Total, Fair Value	131,973	159,114
Available-for-sale securities, Total, Unrealized Loss	(6,722)	(8,325)
Corporate bonds [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	8,723	49,114
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(800)	(4,960)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	55,036	15,368
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(6,868)	(2,101)
Available-for-sale securities, Total, Fair Value	63,759	64,482
Available-for-sale securities, Total, Unrealized Loss	(7,668)	(7,061)
Obligations of state and political subdivisions [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	18,293	106,610
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(412)	(13,378)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	177,794	98,063
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(44,334)	(39,976)
Available-for-sale securities, Total, Fair Value	196,087	204,673
Available-for-sale securities, Total, Unrealized Loss	(44,746)	(53,354)
US Treasuries [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	0	19,891
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss		(3,448)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	49,386	28,309
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(6,539)	(4,341)
Available-for-sale securities, Total, Fair Value	49,386	48,200
Available-for-sale securities, Total, Unrealized Loss	$ (6,539)	$ (7,789)

Loans - Schedule of Loans Recei

Loans - Schedule of Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Real Estate:
Real Estate	$ 5,623,719	$ 5,576,140
Other Loans:
Loans before deferred loan origination fees and costs	7,168,836	7,122,338
Deduct:
Undisbursed construction loan funds	(604,228)	(672,775)
Net deferred loan origination fees and costs	(11,221)	11,057
Allowance for credit losses	(74,273)	(72,816)	$ (67,195)	$ (66,468)
Total loans	6,501,556	6,387,804
Other Loan [Member]
Other Loans:
Total loans	1,545,117	1,546,198
Residential Real Estate [Member]
Real Estate:
Real Estate	1,624,331	1,535,574
Commercial Real Estate [Member]
Real Estate:
Real Estate	2,813,441	2,762,311
Construction Loans [Member]
Real Estate:
Real Estate	1,185,947	1,278,255
Commercial [Member]
Other Loans:
Total loans	1,061,142	1,055,180
Deduct:
Allowance for credit losses	(12,525)	(11,769)	$ (13,821)	$ (13,410)
Home Equity and Improvement [Member]
Other Loans:
Total loans	271,676	277,613
Consumer Finance [Member]
Other Loans:
Total loans	$ 212,299	$ 213,405

Loans - Additional Information

Loans - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Cash paid for paycheck protection program	$ 636,900,000
Amortized cost basis in loan modification	412,000
Anticipated credit losses	3,944,000	$ 626,000
Loans and Leases Receivable, Loans in Process	604,228,000		$ 672,775,000
Scenario Plan [Member]
Anticipated credit losses	6,600,000
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Loans in Process	3,500,000		4,300,000
Other Loans [Member] | Commercial [Member]
PPP loans	791,000		$ 1,100,000
Unfunded Loan Commitments [Member]
Unfunded loan commitments	$ 1,700,000,000

Loans - Summary of Amortized Co

Loans - Summary of Amortized Cost Basis of Collateral-dependent Loans by Class of Loans and Collateral Type (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 6,501,556	$ 6,387,804
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	14,863	12,920
Equipment and Machinery [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	447	523
Inventory and Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,048	6,574
Vehicles [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	31
Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	20,389	20,017
Real Estate Loans [Member] | Real Estate [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	50	51
Real Estate Loans [Member] | Real Estate [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		10,708
Real Estate Loans [Member] | Real Estate [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	12,787
Real Estate Loans [Member] | Equipment and Machinery [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	0
Real Estate Loans [Member] | Inventory and Receivables [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		2,716
Real Estate Loans [Member] | Inventory and Receivables [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,190
Real Estate Loans [Member] | Collateral Pledged [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	50	51
Real Estate Loans [Member] | Collateral Pledged [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		13,424
Real Estate Loans [Member] | Collateral Pledged [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	13,977
Other Loans [Member] | Real Estate [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	2,026
Other Loans [Member] | Real Estate [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		2,161
Other Loans [Member] | Equipment and Machinery [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	447
Other Loans [Member] | Equipment and Machinery [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		523
Other Loans [Member] | Inventory and Receivables [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,858
Other Loans [Member] | Inventory and Receivables [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		3,858
Other Loans [Member] | Vehicles [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	31
Other Loans [Member] | Collateral Pledged [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 6,362
Other Loans [Member] | Collateral Pledged [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 6,542

Loans - Schedule of Non-Perform

Loans - Schedule of Non-Performing Loans and Real Estate Owned (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable, Net Amount [Abstract]
Non-accrual loans with reserve	$ 19,925	$ 20,369
Non-accrual loans without reserve	14,452	13,453
Total non-performing loans	34,377	33,822
Real estate and other assets held for sale	393	619
Total non-performing assets	$ 34,770	$ 34,441

Loans - Schedule of Aging of th

Loans - Schedule of Aging of the Amortized Cost/ Recorded Investment in Past Due and Non- Accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 38,848	$ 47,284
Total Non-Accrual	34,377	33,822
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	6,536,981	6,413,336
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	6,460	9,025
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,884	9,876
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	26,504	28,383
Real Estate Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	9,706	12,832
Total Non-Accrual	6,763	7,724
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,608,696	1,516,135
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	228	279
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,254	6,350
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,224	6,203
Real Estate Loans [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		12,682
Total Non-Accrual		13,396
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		2,751,933
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		327
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		878
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		11,477
Real Estate Loans [Member] | Construction Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	144	437
Total Non-Accrual	0	0
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	581,575	605,043
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	298
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	144	139
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	10,903
Total Non-Accrual	14,187
Real Estate Loans [Member] | Commercial Loan Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,804,630
Real Estate Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	760
Real Estate Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	21
Real Estate Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	10,122
Other Loans [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,449
Total Non-Accrual	5,142
Other Loans [Member] | Commercial Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,050,336
Other Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	494
Other Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	252
Other Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,703
Other Loans [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		5,176
Total Non-Accrual		4,862
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		1,044,898
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		413
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		128
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		4,635
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,360	6,021
Total Non-Accrual	1,879	1,637
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	266,094	269,183
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,571	4,342
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	426	489
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,363	1,190
Other Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,753	6,387
Total Non-Accrual	2,508	2,401
Other Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	208,619	209,062
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,976	2,763
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	534	1,397
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,243	2,227
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,533	3,749
Total Non-Accrual	3,898	3,802
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	17,031	17,082
PCD [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	431	603
PCD [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	253	495
PCD [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 2,849	$ 2,651

Loans - Schedule of Percentage

Loans - Schedule of Percentage of the Amortized Cost Basis of Loan Category (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis in loan modification	$ 412
Real Estate Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of total loans by category	0.01%
Amortized cost basis in loan modification	$ 373
Commercial [Member] | Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percent of total loans by category	0%
Amortized cost basis in loan modification	$ 39

Loans - Schedule of Financial E

Loans - Schedule of Financial Effects of Loan Modifications (Details)	3 Months Ended
	Mar. 31, 2023
Real Estate Loan [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	12 months
Other Loans [Member] | Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	84 months

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 6,575,829	$ 6,460,620	[1]
Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	6,451,979	6,340,949	[1]
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	78,943	75,873	[1]
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	44,907	43,798	[1]
Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	44,907	43,798	[1]
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,618,402	1,528,967
Residential [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,610,097	1,519,657
Residential [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	493	935
Residential [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,812	8,375
Residential [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,812	8,375
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,815,533	2,764,615
Commercial Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,752,132	2,698,292
Commercial Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	41,677	46,029
Commercial Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	21,724	20,294
Commercial Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	21,724	20,294
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	581,719	605,480
Construction Loans [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	581,719	605,480
Construction Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	0	0
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,055,785	1,050,074
Commercial [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,015,372	1,016,925
Commercial [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	33,090	26,319
Commercial [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,323	6,830
Commercial [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,323	6,830
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	269,454	275,204
Home Equity and Improvement [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	267,587	273,613
Home Equity and Improvement [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,867	1,591
Home Equity and Improvement [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,867	1,591
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	214,372	215,449
Consumer Finance [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	211,895	213,078
Consumer Finance [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,477	2,371
Consumer Finance [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,477	2,371
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	20,564	20,831
PCD [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	13,177	13,904
PCD [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	3,683	2,590
PCD [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	3,704	4,337
PCD [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 3,704	$ 4,337
[1] (1) Total loans are net undisbursed loan funds and deferred fees and costs

Loans - Summary of Amortized _2

Loans - Summary of Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment [Line Items]
Total	$ 6,575,829	$ 6,460,620	[1]
Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	42,003	265,164
Year 1	343,775	476,640
Year 2	464,797	337,776
Year 3	332,242	94,500
Year 4	93,253	52,307
Prior	340,523	299,561
Revolving Loans	1,809	3,019
Total	1,618,402	1,528,967
Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	66,836	582,660
Year 1	586,217	512,104
Year 2	534,193	518,317
Year 3	523,567	329,415
Year 4	325,375	224,090
Prior	765,335	581,637
Revolving Loans	14,010	16,392
Total	2,815,533	2,764,615
Construction Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	13,934	348,570
Year 1	355,461	182,755
Year 2	160,963	53,161
Year 3	40,998	20,994
Year 4	10,363
Total	581,719	605,480
Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	52,097	268,408
Year 1	264,171	212,876
Year 2	202,398	97,824
Year 3	91,345	51,424
Year 4	47,493	25,069
Prior	45,460	28,084
Revolving Loans	352,821	366,389
Total	1,055,785	1,050,074
Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	4,692	30,053
Year 1	28,645	21,130
Year 2	20,542	5,387
Year 3	5,129	3,620
Year 4	3,475	1,881
Prior	31,124	31,011
Revolving Loans	175,847	182,122
Total	269,454	275,204
Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	16,885	133,870
Year 1	124,112	33,592
Year 2	30,892	17,887
Year 3	16,231	13,997
Year 4	12,037	4,084
Prior	4,889	2,563
Revolving Loans	9,326	9,456
Total	214,372	215,449
PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3		133
Year 4	128	391
Prior	16,887	17,106
Revolving Loans	3,549	3,201
Total	20,564	20,831
Current-period gross charge-offs | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Prior	5
Total	5
Current-period gross charge-offs | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 4	112
Prior	1,557
Total	1,669
Current-period gross charge-offs | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 4	498
Total	498
Current-period gross charge-offs | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Prior	9
Revolving Loans	15
Total	24
Current-period gross charge-offs | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1	268
Year 2	97
Year 3	36
Year 4	41
Prior	6
Revolving Loans	1
Total	449
Current-period gross charge-offs | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Prior	63
Revolving Loans	5
Total	68
Unclassified [Member]
Financing Receivable Recorded Investment [Line Items]
Total	6,451,979	6,340,949	[1]
Unclassified [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	42,003
Year 1	343,450
Year 2	463,431
Year 3	331,088
Year 4	92,532
Prior	335,784
Revolving Loans	1,809
Total	1,610,097
Unclassified [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	66,836
Year 1	585,730
Year 2	530,145
Year 3	520,817
Year 4	320,220
Prior	714,615
Revolving Loans	13,769
Total	2,752,132
Unclassified [Member] | Construction Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	13,934
Year 1	355,461
Year 2	160,963
Year 3	40,998
Year 4	10,363
Total	581,719
Unclassified [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	51,429
Year 1	261,813
Year 2	196,844
Year 3	82,463
Year 4	46,141
Prior	39,007
Revolving Loans	337,675
Total	1,015,372
Unclassified [Member] | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	4,692
Year 1	28,615
Year 2	20,528
Year 3	5,129
Year 4	3,447
Prior	30,684
Revolving Loans	174,492
Total	267,587
Unclassified [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	16,885
Year 1	123,154
Year 2	30,347
Year 3	15,678
Year 4	11,755
Prior	4,819
Revolving Loans	9,257
Total	211,895
Unclassified [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 4	127
Prior	12,629
Revolving Loans	421
Total	13,177
Pass [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		264,884
Year 1		474,992
Year 2		335,982
Year 3		93,548
Year 4		51,710
Prior		296,089
Revolving Loans		2,452
Total		1,519,657
Pass [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		582,384
Year 1		506,386
Year 2		517,790
Year 3		324,210
Year 4		194,240
Prior		557,728
Revolving Loans		15,554
Total		2,698,292
Pass [Member] | Construction Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		348,570
Year 1		182,755
Year 2		53,161
Year 3		20,994
Total		605,480
Pass [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		266,501
Year 1		208,663
Year 2		90,014
Year 3		49,887
Year 4		23,719
Prior		22,515
Revolving Loans		355,626
Total		1,016,925
Pass [Member] | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		30,009
Year 1		21,116
Year 2		5,387
Year 3		3,592
Year 4		1,849
Prior		30,509
Revolving Loans		181,151
Total		273,613
Pass [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		133,194
Year 1		33,109
Year 2		17,219
Year 3		13,681
Year 4		4,022
Prior		2,529
Revolving Loans		9,324
Total		213,078
Pass [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3		131
Year 4		369
Prior		13,117
Revolving Loans		287
Total		13,904
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total	78,943	75,873	[1]
Special Mention [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 2		180
Year 3	178	30
Year 4		80
Prior	315	78
Revolving Loans		567
Total	493	935
Special Mention [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		161
Year 1	213	3,614
Year 2	1,961	0
Year 3		593
Year 4	322	25,395
Prior	39,071	15,561
Revolving Loans	110	705
Total	41,677	46,029
Special Mention [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	668	1,891
Year 1	2,075	4,094
Year 2	5,523	3,913
Year 3	4,985	1,533
Year 4	1,260	1,160
Prior	6,127	5,365
Revolving Loans	12,452	8,363
Total	33,090	26,319
Special Mention [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3		0
Prior	758	292
Revolving Loans	2,925	2,298
Total	3,683	2,590
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total	44,907	43,798	[1]
Substandard [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		280
Year 1	325	1,648
Year 2	1,366	1,614
Year 3	976	922
Year 4	721	517
Prior	4,424	3,394
Total	7,812	8,375
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		115
Year 1	274	2,104
Year 2	2,087	527
Year 3	2,750	4,612
Year 4	4,833	4,455
Prior	11,649	8,348
Revolving Loans	131	133
Total	21,724	20,294
Substandard [Member] | Commercial [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		16
Year 1	283	119
Year 2	31	3,897
Year 3	3,897	4
Year 4	92	190
Prior	326	204
Revolving Loans	2,694	2,400
Total	7,323	6,830
Substandard [Member] | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		44
Year 1	30	14
Year 2	14
Year 3		28
Year 4	28	32
Prior	440	502
Revolving Loans	1,355	971
Total	1,867	1,591
Substandard [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year		676
Year 1	958	483
Year 2	545	668
Year 3	553	316
Year 4	282	62
Prior	70	34
Revolving Loans	69	132
Total	2,477	2,371
Substandard [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3		2
Year 4	1	22
Prior	3,500	3,697
Revolving Loans	203	616
Total	$ 3,704	$ 4,337
[1] (1) Total loans are net undisbursed loan funds and deferred fees and costs

Loans - Summary of Credit Loss

Loans - Summary of Credit Loss Estimation (Details)	3 Months Ended
	Mar. 31, 2023
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]
Portfolio Segments	Residential real estate
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	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 real estate
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
Construction Portfolio Segment [Member] | Real Estate [Member] | Construction Residential [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Construction secured by real estate
Loan Pool	Construction Residential
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 Portfolio Segment [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
Consumer Portfolio Segment [Member] | Other Loans [Member] | Consumer Indirect [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Consumer finance
Loan Pool	Consumer indirect
Methodology	DCF
Loss Drivers	National unemployment

Loans - Schedule of allowance f

Loans - Schedule of allowance for credit loss (ACL) activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	$ 72,816	$ 66,468
Charge-Offs	(2,713)	(289)
Recoveries	226	390
Provisions	3,944	626
Ending Allowance	74,273	67,195
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	2,049	1,405
Charge-Offs	(449)	(103)
Recoveries	75	114
Provisions	477	(415)
Ending Allowance	2,152	1,001
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	11,769	13,410
Charge-Offs	(511)	(10)
Recoveries	96	102
Provisions	1,171	319
Ending Allowance	12,525	13,821
Residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	16,711	12,029
Charge-Offs	(5)	(140)
Recoveries	22	81
Provisions	1,501	(330)
Ending Allowance	18,229	11,640
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	34,218	32,399
Charge-Offs	(1,669)	(7)
Recoveries	12	59
Provisions	1,270	(1,750)
Ending Allowance	33,831	34,201
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	4,025	3,004
Charge-Offs	0	0
Recoveries	0	0
Provisions	(143)	(391)
Ending Allowance	3,882	2,613
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	4,044	4,221
Charge-Offs	(79)	(29)
Recoveries	21	34
Provisions	(332)	(307)
Ending Allowance	$ 3,654	$ 3,919

Loans - Schedule of Outstanding

Loans - Schedule of Outstanding Balance and Related Allowance on Loans (Details) - Loan Purchase [Member] - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Loan Balance	$ 20,564	$ 20,831
ACL Balance	847	852
Real Estate [Member]
Loan Balance	12,774	13,090
ACL Balance	193	173
Real Estate [Member] | Residential Real Estate [Member]
Loan Balance	11,332	11,546
ACL Balance	159	139
Real Estate [Member] | Commercial [Member]
Loan Balance	1,442	1,544
ACL Balance	34	34
Other Loans [Member]
Loan Balance	7,790	7,741
ACL Balance	654	679
Other Loans [Member] | Commercial Real Estate [Member]
Loan Balance	5,313	5,058
ACL Balance	588	594
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member]
Loan Balance	2,222	2,409
ACL Balance	61	80
Other Loans [Member] | Consumer Portfolio Segment [Member]
Loan Balance	255	274
ACL Balance	$ 5	$ 5

Mortgage Banking - Net revenues

Mortgage Banking - Net revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Mortgage Banking [Abstract]
Mortgage banking (loss) gain, net	$ (837)	$ 2,543
Mortgage loans servicing revenue (expense):
Mortgage loans servicing revenue	1,888	1,879
Amortization of mortgage servicing rights	(1,219)	(1,403)
Mortgage servicing rights valuation adjustments	(106)	1,233
Mortgage loans servicing revenue (expense), Total	563	1,709
Net (expense) revenue from sale and servicing of mortgage loans	$ (274)	$ 4,252

Mortgage Banking - Additional i

Mortgage Banking - Additional information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Mortgage Banking [Abstract]
Residential Mortgage Loans, Unpaid Balance	$ 2,960,000,000		$ 2,960,000,000
Expenses (credit) relating to secondary market buy-back activity	$ 0	$ 0

Mortgage Banking - Capitalized

Mortgage Banking - Capitalized Mortgage and Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Mortgage servicing assets:
Balance at beginning of period	$ 21,858	$ 22,244
Loans sold, servicing retained	808	1,348
Amortization	(1,219)	(1,403)
Carrying value before valuation allowance at end of period	21,447	22,189
Valuation allowance:
Balance at beginning of period	(687)	(2,707)
Impairment recovery (charges)	(106)	1,233
Balance at end of period	(793)	(1,474)
Net carrying value of MSRs at end of period	20,654	20,715
Fair value of MSRs at end of period	$ 28,165	$ 25,996

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
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		13 years 3 months 14 days
Operating lease, weighted average discount rate	2.41%		2.52%
Operating Lease, cost	$ 681,000	$ 542,000
Operating Lease, right-of-use asset	$ 15,500,000		$ 14,900,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets		Other assets
Operating Lease, liability	$ 16,177,000		$ 15,600,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities
Minimum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, renewal term	5 years
Maximum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, renewal term	10 years

Leases - Schedule of Undiscount

Leases - Schedule of Undiscounted Cash Flows Included in Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Remainder of 2023	$ 2,854
2024	1,977
2025	1,675
2026	1,419
2027	1,290
Thereafter	11,172
Total undiscounted minimum lease payment	20,387
Present value adjustment	(4,210)
Total lease liabilities	$ 16,177	$ 15,600

Deposits - Summary of Deposit B

Deposits - Summary of Deposit Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Non-interest-bearing checking accounts	$ 1,649,726	$ 1,869,509
Interest-bearing checking and money market accounts	3,179,844	3,185,440
Savings deposits	775,728	798,003
Retail certificates of deposit less than $250,000	708,818	645,318
Retail certificates of deposit greater than $250,000	305,046	264,741
Brokered deposits	154,869	143,708
Total	$ 6,774,031	$ 6,906,719

Borrowings - Schedule of Bank L

Borrowings - Schedule of Bank Line of Credit Advance, Junior Subordinated Debentures and Subordinated Debentures (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total	$ 658,000	$ 428,000
Junior subordinated debentures owed to unconsolidated subsidiary trusts	36,083	36,083
Subordinated debentures	49,041	49,020
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	658,000	233,000
Single maturity fixed rate advances	$ 0	$ 195,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2023	Sep. 30, 2020	Dec. 31, 2022
Debt Instrument [Line Items]
Advances from Federal Home Loan Bank	$ 658,000		$ 428,000
Period for Interest Deferral on Trust Preferred Securities	5 years
Premier Statutory Trust II [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Subordinated Long-term Debt	$ 15,500
Proceeds from Issuance of Trust Preferred Securities	$ 15,000
Coupon Rate on Preferred Securities, Period End	6.37%		6.27%
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	6.25%		6.15%
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 Federal Home Loan Bank	$ 658,000		$ 428,000
Company's available borrowing capacity	1,400,000		1,500,000
Federal Reserve Bank Discount Window [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	44,500		43,900
US Bank [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000		$ 50,000

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingent Liabilities - Maximum obligation to extend credit (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments to make loans	$ 820,570	$ 957,533
Unused lines of credit	1,072,405	1,044,875
Standby letters of credit	17,884	18,632
Total	$ 1,910,859	$ 2,021,040

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingent Liabilities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Loan Commitments Maturities Range Description	60 days or less

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Current:
Federal	$ 3,352	$ 5,814
State and local	136	163
Deferred	615	193
Income Tax Expense (Benefit)	$ 4,103	$ 6,170

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Tax expense at statutory rate (21%)	$ 4,673	$ 6,830
Increases (decreases) in taxes from:
State income tax - net of federal tax benefit	107	128
Tax exempt interest income, net of TEFRA	(140)	(186)
Bank owned life insurance	(298)	(209)
Captive insurance	(92)	(105)
Other	(147)	(288)
Income Tax Expense (Benefit)	$ 4,103	$ 6,170

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Derivatives Fair Value [Line Items]
Interest Rate Derivative Instruments Not Designated as Hedging Instruments at Fair Value, Net	$ 39,800,000		$ 35,900,000
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments	$ 304,000,000		$ 254,000,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities		Other Liabilities
Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Notional Amount of Interest Rate Derivative Instruments Not Designated as Hedging Instruments	$ 86,300,000		$ 67,300,000
Fair value of derivative assets	4,200,000		4,500,000
Fair value of derivative liabilities	4,200,000		4,500,000
Noninterest income expense	191,000	$ 1,000
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	250,000,000
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	$ 33,400,000		$ 40,000,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Carrying Values (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives Assets, Carrying Value	$ (1,348)	$ 1,349

Derivative Financial Instrume_5

Derivative Financial Instruments - Amount of Gains and Losses Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives - (Loss) Gain	$ (2,697)	$ 7,587

Derivative Financial Instrume_6

Derivative Financial Instruments - Summary of Interest Rate Swap Designated as Cash Flow Hedge (Details) - Interest Rate Swaps [Member] - Designated as Cash Flow Hedge [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Notional amount	$ 250,000	$ 250,000
Weighted average fixed receive rates	1.437%	1.437%
Weighted average remaining maturity (in years)	7 years 9 months 18 days	8 years 1 month 6 days
Fair value	$ (33,395)	$ (40,032)
1-Month LIBOR
Derivative [Line Items]
Weighted average variable 1-month LIBOR pay rates	4.86%	4.392%

Other Comprehensive (Loss) In_3

Other Comprehensive (Loss) Income - Reclassification adjustments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Securities available for sale and transferred securities: Before Tax Amount
Change in net unrealized gains/losses during the period	$ 18,399	$ (74,193)
Reclassification adjustment for net gains included in net income	(34)	0
Total other comprehensive income/loss	25,002	(91,227)
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period	8,586	(16,241)
Reclassification adjustment for net gains included in net income, Before tax	(1,949)	(793)
Change in net unrealized gain/loss during the period, Tax (expense) benefit	(3,864)	3,411
Reclassification adjustment for net gains included in net income, Tax (expense) benefit	(409)	167
Change in net unrealized gain/loss during the period, Net of tax	14,535	(12,830)
Reclassification adjustment for net gains included in net income, Net of tax	(1,540)	(626)
Securities available for sale and transferred securities: Tax (Expense) Benefit
Change in net unrealized gain/loss during the period	1,803	15,580
Reclassification adjustment for net gains included in net income	(7)	0
Total other comprehensive gain (loss)	(5,251)	19,158
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	6,783	(58,613)
Reclassification adjustment for net gains included in net income	(27)	0
Total other comprehensive income (loss)	$ 19,751	$ (72,069)

Other Comprehensive (Loss) In_4

Other Comprehensive (Loss) Income - Activity in AOCI, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Securities Available For Sale, Beginning balance	$ 142,236	$ (4,023)
Securities Available For Sale, Other comprehensive income (loss) before reclassifications	14,535	(58,613)
Securities Available For Sale, Amounts reclassified from accumulated other comprehensive income/(loss)	(27)	0
Securities Available For Sale, Net other comprehensive income/(loss) during period	14,508	(58,613)
Securities Available For Sale, Ending balance	127,728	(62,636)
Post-retirement Benefit, Beginning balance	(402)	(79)
Post-retirement Benefit, Ending balance	(402)	(79)
Cash Flow hedge Derivatives, Beginning balance	(31,626)	674
Cash Flow Hedge Derivatives, Other comprehensive income (loss) before reclassifications	6,783	12,830
Cash Flow Hedge Derivatives, Amounts reclassified from accumulated other comprehensive income	(1,540)	(626)
Net of tax amount	5,243	(13,456)
Cash Flow hedge Derivatives, Ending balance	26,383	(12,782)
Accumulated Other Comprehensive Income (Loss), Beginning balance	(173,460)	(3,428)
Accumulated Other Comprehensive Income (Loss), Other comprehensive income (loss) before reclassifications	21,318	(71,443)
Accumulated Other Comprehensive Income (Loss), Amounts reclassified from accumulated other comprehensive income	(1,567)	626
Accumulated Other Comprehensive Income (loss), Net other comprehensive income during period	19,751	(72,069)
Accumulated Other Comprehensive Income (Loss), Ending balance	$ (153,709)	$ (75,497)

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Goodwill	$ 317,988	$ 317,988

Business Combinations - Schedul

Business Combinations - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:
Goodwill	$ 317,988	$ 317,988