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Fair Values of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2022
Fair Values of Financial Instruments [Abstract]  
Estimated Recorded Book Balances and Fair Values
The estimated recorded book balances and fair values follow:
Fair Value Using
Recorded
Book
Balance
Fair ValueQuoted
Prices
in Active
Markets
for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Un-
observable
Inputs
(Level 3)
(In thousands)
September 30, 2022
Assets
Cash and due from banks$57,059 $57,059 $57,059 $— $— 
Interest bearing deposits13,573 13,573 13,573 — — 
Securities available for sale804,272 804,272 — 804,272 — 
Securities held to maturity379,429 341,129 — 341,129 — 
Federal Home Loan Bank and Federal      
Reserve Bank Stock17,653 NANANANA
Net loans and loans held for sale3,367,807 3,007,609 — 9,091 2,998,518 
Accrued interest receivable14,613 14,613 6,133 8,477 
Derivative financial instruments43,841 43,841 — 43,841 — 
     
Liabilities     
Deposits with no stated maturity (1)$3,919,893 $3,919,893 $3,919,893 $— $— 
Deposits with stated maturity (1)407,135 400,149 — 400,149 — 
Other borrowings86,707 86,707 — 86,707 — 
Subordinated debt39,414 41,106 — 41,106 — 
Subordinated debentures39,643 39,245 — 39,245 — 
Accrued interest payable1,458 1,458 201 1,257 — 
Derivative financial instruments24,932 24,932 — 24,932 — 
     
December 31, 2021     
Assets     
Cash and due from banks$51,069 $51,069 $51,069 $— $— 
Interest bearing deposits58,404 58,404 58,404 — — 
Securities available for sale1,412,830 1,412,830 — 1,412,830 — 
Federal Home Loan Bank and Federal      
Reserve Bank Stock18,427 NANANANA
Net loans and loans held for sale2,948,074 2,931,079 35,233 55,470 2,840,376 
Accrued interest receivable12,865 12,865 6,028 6,836 
Derivative financial instruments12,283 12,283 — 12,283 — 
     
Liabilities     
Deposits with no stated maturity (1)$3,781,298 $3,781,298 $3,781,298 $— $— 
Deposits with stated maturity (1)335,792 336,006 — 336,006 — 
Other borrowings30,009 30,155 — 30,155 — 
Subordinated debt39,357 44,999 — 44,999 — 
Subordinated debentures39,592 33,866 — 33,866 — 
Accrued interest payable497 497 67 430 — 
Derivative financial instruments5,961 5,961 — 5,961 — 
(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $585.707 million and $562.210 million at September 30, 2022 and December 31, 2021, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $30.728 million and $24.416 million at September 30, 2022 and December 31, 2021, respectively.