Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall (unaudited).

	March 31, 2020
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	$	86,458	$	86,458	$	—	$	—
Interest-earning time deposits	9,239		—		9,357		—
Investment securities, held to maturity	199,467		—		207,324		—
Loans held for sale	6,245		—		—		6,245
Loans (excluding loan level hedges), net	3,658,859		—		—		3,694,421
Stock in FHLB	22,447		—		22,447		—
Interest receivable	17,774		—		17,774		—
Liabilities
Non-interest bearing deposits	$	709,978	$	709,978	$	—	$	—
Interest bearing deposits	3,172,293		—		3,151,657		—
Borrowings	704,613		—		710,005		—
Subordinated debentures	56,374		—		52,118		—
Interest payable	2,772		—		2,772		—

	December 31, 2019
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	$	98,831	$	98,831	$	—	$	—
Interest-earning time deposits	8,455		—		8,537		—
Investment securities, held to maturity	207,899		—		215,147		—
Loans held for sale	4,088		—		—		4,088
Loans (excluding loan level hedges), net	3,619,174		—		—		3,554,951
Stock in FHLB	22,447		—		22,447		—
Interest receivable	18,828		—		18,828		—
Liabilities
Non-interest bearing deposits	$	709,760	$	709,760	$	—	$	—
Interest bearing deposits	3,221,242		—		3,180,768		—
Borrowings	549,741		—		546,995		—
Subordinated debentures	56,311		—		51,809		—
Interest payable	3,062		—		3,062		—