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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Measurements [Abstract]  
Schedule of Assets Measured at Fair Value on Recurring Basis
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2024
December 31, 2023
Level 1
Level 2
Level 3
Total
Level 1
Level 2
Level 3
Total
Investment securities available for sale:
U.S. Government Agency
$
-
$
10,856
$
-
$
10,856
$
-
$
8,173
$
-
$
8,173
Collateralized mortgage obligations
-
82,992
-
82,992
-
80,606
-
80,606
Mortgage-backed securities - residential
-
49,778
-
49,778
-
52,187
-
52,187
Mortgage-backed securities - commercial
-
50,926
-
50,926
-
42,764
-
42,764
Municipal securities
-
19,410
-
19,410
-
19,338
-
19,338
Bank subordinated debt securities
-
22,482
-
22,482
-
26,261
-
26,261
Total
-
236,444
-
236,444
-
229,329
-
229,329
Derivative assets
-
6,465
-
6,465
-
4,892
-
4,892
Total assets at fair value
$
-
$
242,909
$
-
$
242,909
$
-
$
234,221
$
-
$
234,221
Derivative liabilities
$
-
$
5,976
$
-
$
5,976
$
-
$
7,988
$
-
$
7,988
Total liabilities at fair value
$
-
$
5,976
$
-
$
5,976
$
-
$
7,988
$
-
$
7,988
Carrying Amounts and Estimated Fair Values of Financial Instruments not Carried at Fair Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Hierarchy
Carrying
Amount
Level 1
Level 2
Level 3
Fair Value
Amount
June 30, 2024:
Financial Assets:
Cash and due from banks
$
5,179
$
5,179
$
-
$
-
$
5,179
Interest-bearing deposits in banks
$
72,082
$
72,082
$
-
$
-
$
72,082
Investment securities held to maturity, net
$
169,606
$
-
$
149,573
$
-
$
149,573
Loans held for investment, net
$
1,847,019
$
-
$
-
$
1,821,431
$
1,821,431
Accrued interest receivable
$
11,538
$
-
$
1,454
$
10,084
$
11,538
Financial Liabilities:
Demand deposits
$
579,243
$
579,243
$
-
$
-
$
579,243
Money market and savings accounts
$
1,097,468
$
1,097,468
$
-
$
-
$
1,097,468
Interest-bearing checking accounts
$
65,844
$
65,844
$
-
$
-
$
65,844
Time deposits
$
314,147
$
-
$
-
$
312,428
$
312,428
FHLB advances and other borrowings
$
162,000
$
-
$
160,087
$
-
$
160,087
Accrued interest payable
$
3,869
$
-
$
2,256
$
1,613
$
3,869
December 31, 2023:
Financial Assets:
Cash and due from banks
$
8,019
$
8,019
$
-
$
-
$
8,019
Interest-bearing deposits in banks
$
33,043
$
33,043
$
-
$
-
$
33,043
Investment securities held to maturity
$
174,974
$
-
$
155,510
$
-
$
155,510
Loans held for investment, net
$
1,759,743
$
-
$
-
$
1,723,210
$
1,723,210
Accrued interest receivable
$
10,688
$
-
$
1,448
$
9,240
$
10,688
Financial Liabilities:
Demand deposits
$
552,762
$
552,762
$
-
$
-
$
552,762
Money market and savings accounts
$
1,048,272
$
1,048,272
$
-
$
-
$
1,048,272
Interest-bearing checking accounts
$
47,702
$
47,702
$
-
$
-
$
47,702
Time deposits
$
288,403
$
-
$
-
$
287,104
$
287,104
FHLB advances
$
183,000
$
-
$
182,282
$
-
$
182,282
Accrued interest payable
$
1,372
$
-
$
551
$
821
$
1,372