XML 61 R52.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value Measurements - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Financial Assets:      
Investment securities held to maturity $ 559,312 $ 376,331  
Financial Liabilities:      
Investment securities held to maturity, at amortized cost, net (fair value of $559,312 and $376,331, respectively) 615,653 383,393  
Total investment securities available for sale 1,187,588 894,335  
Fair Value, Recurring [Member]      
Financial Assets:      
Equity security 186 240  
Financial Liabilities:      
Total investment securities available for sale 1,187,588 894,335  
Fair Value, Recurring [Member] | Interest rate swap      
Financial Assets:      
Derivative assets - interest rate swaps 19,842 15,219  
Financial Liabilities:      
Derivative liabilities - interest rate swaps 19,842 15,286  
Level 1 | Fair Value, Recurring [Member]      
Financial Assets:      
Equity security 186 240  
Financial Liabilities:      
Total investment securities available for sale 19,939 0  
Level 1 | Fair Value, Recurring [Member] | Interest rate swap      
Financial Assets:      
Derivative assets - interest rate swaps 0 0  
Financial Liabilities:      
Derivative liabilities - interest rate swaps 0 0  
Level 2 | Fair Value, Recurring [Member]      
Financial Assets:      
Investment securities held to maturity 559,312 376,331  
Equity security 0 0  
Financial Liabilities:      
Investment securities held to maturity, at amortized cost, net (fair value of $559,312 and $376,331, respectively) 615,653 383,393  
Total investment securities available for sale 1,167,649 894,335  
Level 2 | Fair Value, Recurring [Member] | Interest rate swap      
Financial Assets:      
Derivative assets - interest rate swaps 19,842    
Financial Liabilities:      
Derivative liabilities - interest rate swaps 19,842    
Level 3 | Fair Value, Recurring [Member]      
Financial Assets:      
Equity security 0 0  
Financial Liabilities:      
Total investment securities available for sale 0 0  
Level 3 | Fair Value, Recurring [Member] | Interest rate swap      
Financial Assets:      
Derivative assets - interest rate swaps 0 0  
Financial Liabilities:      
Derivative liabilities - interest rate swaps 0 0  
Carrying Value      
Financial Assets:      
Cash and cash equivalents 994,055 1,723,292  
Loans receivable, net 3,834,368 3,773,301  
Accrued interest receivable 15,908 14,657  
Derivative assets - interest rate swaps 19,842 15,219  
Equity security 186 240  
Financial Liabilities:      
Non-maturity deposits   6,038,498  
Certificates of deposit   342,839  
Securities sold under agreement to repurchase 41,827 50,839  
Junior subordinated debentures 21,326 21,180  
Accrued interest payable 83 73  
Derivative liabilities - interest rate swaps 19,842 15,286  
Investment securities held to maturity, at amortized cost, net (fair value of $559,312 and $376,331, respectively) 615,653 383,393  
Total investment securities available for sale 1,187,588    
Carrying Value | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts      
Financial Liabilities:      
Non-maturity deposits 6,019,421    
Carrying Value | Bank Time Deposits      
Financial Liabilities:      
Certificates of deposit 310,769    
Fair Value      
Financial Assets:      
Cash and cash equivalents 994,055 1,723,292  
Investment securities available for sale   894,335  
Investment securities held to maturity 559,312 376,331  
Loans held for sale 1,353 1,527  
Loans receivable, net 3,760,294 3,849,602  
Accrued interest receivable 15,908 14,657  
Derivative assets - interest rate swaps 19,842 15,219  
Equity security 186 240  
Financial Liabilities:      
Non-maturity deposits   6,038,498  
Certificates of deposit   344,025  
Securities sold under agreement to repurchase 41,827 50,839  
Junior subordinated debentures 19,250 18,750  
Accrued interest payable 83 73  
Derivative liabilities - interest rate swaps 19,842 15,286  
Total investment securities available for sale 1,187,588    
Fair Value | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts      
Financial Liabilities:      
Non-maturity deposits 6,019,421    
Fair Value | Bank Time Deposits      
Financial Liabilities:      
Certificates of deposit 311,481    
Fair Value | Level 1      
Financial Assets:      
Cash and cash equivalents 994,055 1,723,292  
Investment securities available for sale   0  
Investment securities held to maturity 0 0  
Loans held for sale 0 0  
Loans receivable, net 0 0  
Accrued interest receivable 272 14  
Derivative assets - interest rate swaps 0 0  
Equity security   240  
Financial Liabilities:      
Non-maturity deposits   6,038,498  
Certificates of deposit   0  
Securities sold under agreement to repurchase 41,827 50,839  
Junior subordinated debentures 0 0  
Accrued interest payable 31 33  
Derivative liabilities - interest rate swaps 0 0  
Fair Value | Level 1 | Fair Value, Recurring [Member]      
Financial Assets:      
Equity security 186    
Fair Value | Level 1 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts      
Financial Liabilities:      
Non-maturity deposits 6,019,421    
Fair Value | Level 1 | Bank Time Deposits      
Financial Liabilities:      
Certificates of deposit 0    
Fair Value | Level 2      
Financial Assets:      
Cash and cash equivalents 0 0  
Investment securities available for sale   894,335  
Investment securities held to maturity 559,312 376,331  
Loans held for sale 1,353 1,527  
Loans receivable, net 0 0  
Accrued interest receivable 6,185 4,582  
Derivative assets - interest rate swaps 19,842 15,219  
Equity security 0 0  
Financial Liabilities:      
Non-maturity deposits   0  
Certificates of deposit   344,025  
Securities sold under agreement to repurchase 0 0  
Junior subordinated debentures 0 0  
Accrued interest payable 16 19  
Derivative liabilities - interest rate swaps 19,842 15,286  
Total investment securities available for sale     $ 1,167,649
Fair Value | Level 2 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts      
Financial Liabilities:      
Non-maturity deposits 0    
Fair Value | Level 2 | Bank Time Deposits      
Financial Liabilities:      
Certificates of deposit 311,481    
Fair Value | Level 3      
Financial Assets:      
Cash and cash equivalents 0 0  
Investment securities available for sale   0  
Investment securities held to maturity 0 0  
Loans held for sale 0 0  
Loans receivable, net 3,760,294 3,849,602  
Accrued interest receivable 9,451 10,061  
Derivative assets - interest rate swaps 0 0  
Equity security 0 0  
Financial Liabilities:      
Non-maturity deposits   0  
Certificates of deposit   0  
Securities sold under agreement to repurchase 0 0  
Junior subordinated debentures 19,250 18,750  
Accrued interest payable 36 21  
Derivative liabilities - interest rate swaps 0 $ 0  
Fair Value | Level 3 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts      
Financial Liabilities:      
Non-maturity deposits 0    
Fair Value | Level 3 | Bank Time Deposits      
Financial Liabilities:      
Certificates of deposit $ 0