Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments for the years ended December 31, 2023 and December 31, 2022. Fair values for December 31, 2023 and December 31, 2022 were estimated using an exit price notion.

December 31, 2023	Carrying Amount		Fair Value		Fair Value Measurements
Description of Asset (dollars in thousands)					Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	372,413	$	372,413	$	372,413	$	—	$	—
Investment securities - AFS	110,521		110,521		—		110,521		—
Investment securities - HTM, net	513,188		457,830		—		457,830		—
Equity securities	5,703		5,703		—		5,703		—
Restricted securities	17,900		17,900		—		17,900		—
Loans held for sale	8,782		8,782		—		8,782		—
TBA derivatives trades	2		2		—		2		—
Cash surrender value on life insurance	101,704		101,704		—		101,704		—
Loans, at fair value	9,944		9,944		—		9,944		—
Loans, net	4,573,715		4,477,468		—		—		4,477,468
MSRs	5,926		5,926		—		—		5,926
IRLCs	110		110		—		—		110
Liabilities
Deposits:
Noninterest-bearing demand	$	1,258,037	$	1,258,037	$	—	$	1,258,037	$	—
Checking plus interest	1,165,546		1,165,546		—		1,165,546		—
Money Market	1,430,603		1,430,603		—		1,430,603		—
Savings	347,324		347,324		—		347,324		—
Certificates of Deposit	1,184,610		1,184,447		—		1,184,447		—
Subordinated debt	43,139		42,579		—		42,579		—
TRUPS	29,158		28,266		—		28,266		—
TBA Securities	176		176		—		176		—

December 31, 2022	Carrying Amount		Fair Value		Fair Value Measurements
Description of Asset (dollars in thousands)					Level 1		Level 2		Level 3
Assets
Cash and cash equivalents	$	55,499	$	55,499	$	55,499	$	—	$	—
Investment securities - AFS	83,587		83,587		—		83,587		—
Investment securities - HTM	559,455		494,626		—		494,626		—
Equity securities	1,233		1,233		—		1,233		—
Restricted securities	11,169		11,169		—		11,169		—
Loans held for sale	4,248		4,248		—		4,248		—
TBA securities	41		41		—		41		—
Cash surrender value on life insurance	59,218		59,218		—		59,218		—
Loans, at fair value	8,437		8,437		—		8,437		—
Loans, net	2,531,027		2,431,808		—		—		2,431,808
MSRs	5,275		5,275		—		—		5,275
IRLCs	35		35		—		—		35
Liabilities
Deposits:
Noninterest-bearing demand	$	862,015	$	862,015	$	—	$	862,015	$	—
Checking plus interest	694,101		694,101		—		694,101		—
Money Market	709,132		709,132		—		709,132		—
Savings	320,188		320,188		—		320,188		—
Certificates of Deposit	424,348		410,455		—		410,455		—
Advances from FHLB - short term	40,000		40,002		—		40,002		—
Subordinated debt	43,072		41,193		—		41,193		—
TBA Securities	6		6		—		6		—
IRLCs	7		7		—		—		7