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Disclosures about Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
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