Schedule of carrying amount and estimated fair values of financial instruments |
Carrying amount and estimated fair values of financial instruments were as follows (dollars in thousands): | | | | | | | | | | | | | | | | | | Year Ended December 31, 2022 | | | | | | Estimated Fair Value | | | Carrying Amount | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | Financial Assets: | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 77,131 | | $ | 77,131 | | $ | — | | $ | — | | $ | 77,131 | Securities available-for-sale | | | 934,923 | | | — | | | 877,488 | | | 57,435 | | | 934,923 | Securities held-to-maturity | | | 336,881 | | | — | | | 328,011 | | | — | | | 328,011 | Loans and leases held for investment | | | 2,011,616 | | | — | | | — | | | 1,909,822 | | | 1,909,822 | Collateral dependent loans | | | 18,141 | | | — | | | 18,141 | | | — | | | 18,141 | | | | | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | | | | | | Deposits: | | | | | | | | | | | | | | | | Noninterest bearing | | $ | 1,088,199 | | $ | 1,088,199 | | $ | — | | $ | — | | $ | 1,088,199 | Interest bearing | | | 1,757,965 | | | — | | | 1,756,443 | | | — | | | 1,756,443 | Repurchase agreements | | | 109,169 | | | — | | | 109,169 | | | — | | | 109,169 | Short-term borrowings | | | 219,000 | | | — | | | 219,000 | | | — | | | 219,000 | Long-term borrowings | | | 49,214 | | | — | | | 42,775 | | | — | | | 42,775 | Subordinated debentures | | | 35,481 | | | — | | | 37,171 | | | — | | | 37,171 |
| | | | | | Notional Amount | Off-balance-sheet financial instruments: | | | | Commitments to extend credit | | $ | 889,517 | Standby letters of credit | | | 6,037 |
Carrying amount and estimated fair values of financial instruments were as follows (dollars in thousands): | | | | | | | | | | | | | | | | | | Year Ended December 31, 2021 | | | | | | Estimated Fair Value | | | Carrying Amount | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | Financial Assets: | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 257,528 | | $ | 257,528 | | $ | — | | $ | — | | $ | 257,528 | Securities available for sale | | | 973,314 | | | — | | | 750,077 | | | 223,237 | | | 973,314 | Loans and leases held for investment | | | 1,973,207 | | | — | | | — | | | 1,960,966 | | | 1,960,966 | Collateral dependent impaired loans | | | 398 | | | — | | | 221 | | | 177 | | | 398 | | | | | | | | | | | | | | | | | Financial Liabilities: | | | | | | | | | | | | | | | | Deposits: | | | | | | | | | | | | | | | | Noninterest bearing | | $ | 1,084,544 | | $ | 1,084,544 | | $ | — | | $ | — | | $ | 1,084,544 | Interest bearing | | | 1,697,028 | | | — | | | 1,696,124 | | | — | | | 1,696,124 | Fed funds purchased and repurchase agreements | | | 106,937 | | | — | | | 106,937 | | | — | | | 106,937 | Short-term borrowings | | | — | | | — | | | — | | | — | | | — | Long-term borrowings | | | 49,141 | | | — | | | 49,118 | | | — | | | 49,118 | Subordinated debentures | | | 35,302 | | | — | | | 33,281 | | | — | | | 33,281 |
| | | | | | Notional Amount | Off-balance-sheet financial instruments: | | | | Commitments to extend credit | | $ | 554,028 | Standby letters of credit | | | 6,651 |
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