XML 65 R43.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value  
Schedule of financial assets and liabilities measured on a recurring basis

Fair Value Measurements Using

 

    

    

    

Significant

    

 

Quoted Prices in

Other

Significant

 

Active Markets for

Observable

Unobservable

 

Identical Assets

Inputs

Inputs

 

Balance

(Level 1)

(Level 2)

(Level 3)

 

(Dollars in thousands)

 

Assets at December 31, 2022

Available-for-sale securities:

U.S. Treasury

$

418,474

$

418,474

$

$

Agency mortgage-backed securities

71,122

71,122

I/O strip receivables

152

152

Assets at December 31, 2021

Available-for-sale securities:

Agency mortgage-backed securities

$

102,252

$

$

102,252

$

I/O strip receivables

221

221

Schedule of carrying amounts and estimated fair values of financial instruments

Estimated Fair Value

    

    

    

Significant

    

    

Quoted Prices in

Other

Significant

Active Markets for

Observable

Unobservable

Carrying

Identical Assets

Inputs

Inputs

Amounts

(Level 1)

(Level 2)

(Level 3)

Total

(Dollars in thousands)

Assets:

Cash and cash equivalents

$

306,603

$

306,603

$

$

$

306,603

Securities available-for-sale

 

489,596

 

418,474

 

71,122

 

 

489,596

Securities held-to-maturity, net

 

714,990

 

 

614,452

 

 

614,452

Loans (including loans held-for-sale), net

 

3,253,494

 

 

2,456

 

3,080,485

 

3,082,941

FHLB stock, FRB stock, and other

investments

 

32,522

 

 

 

 

N/A

Accrued interest receivable

 

15,047

 

1,328

1,836

11,883

 

15,047

I/O strips receivables

 

152

 

 

152

 

 

152

Liabilities:

Time deposits

$

143,958

$

$

144,702

$

$

144,702

Other deposits

 

4,245,646

 

 

4,245,646

 

 

4,245,646

Subordinated debt

39,350

36,025

36,025

Accrued interest payable

 

600

 

 

600

 

 

600

 Estimated Fair Value

    

    

    

Significant

    

    

Quoted Prices in

Other

Significant

Active Markets for

Observable

Unobservable

Carrying

Identical Assets

Inputs

Inputs

Amounts

(Level 1)

(Level 2)

(Level 3)

Total

(Dollars in thousands)

Assets:

Cash and cash equivalents

$

1,306,216

$

1,306,216

$

$

$

1,306,216

Securities available-for-sale

 

102,252

 

 

102,252

 

 

102,252

Securities held-to-maturity, net

 

658,397

 

 

657,649

 

 

657,649

Loans (including loans held-for-sale), net

 

3,046,403

 

 

2,367

 

3,061,558

 

3,063,925

FHLB stock, FRB stock, and other

investments

 

32,504

 

 

 

 

N/A

Accrued interest receivable

 

10,781

 

1,719

9,062

 

10,781

I/O strips receivables

 

221

 

 

221

 

 

221

Liabilities:

Time deposits

$

139,834

$

$

140,086

$

$

140,086

Other deposits

 

4,619,578

 

 

4,619,578

 

 

4,619,578

Subordinated debt

39,925

40,425

40,425

Accrued interest payable

 

477

 

 

477

 

 

477