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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2022
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.
December 31, 2022
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$123,505 $123,505 $— $— 
Interest–earning time deposits2,812 — 2,778 — 
Investment securities, held to maturity2,022,748 — 1,681,309 — 
Loans held for sale5,807 — — 5,807 
Loans (excluding loan level hedges), net4,107,534 — — 3,852,458 
Stock in FHLB26,677 — 26,677 — 
Interest receivable35,294 — 35,294 — 
Liabilities
Non–interest bearing deposits$1,277,768 $1,277,768 $— $— 
Interest bearing deposits4,580,006 — 4,100,154 — 
Borrowings1,142,949 — 1,139,926 — 
Subordinated notes58,896 — 56,496 — 
Junior subordinated debentures issued to capital trusts57,027 — 51,327 — 
Interest payable5,380 — 5,380 — 
December 31, 2021
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$593,508 $593,508 $— $— 
Interest–earning time deposits4,782 — 4,861 — 
Investment securities, held to maturity1,552,443 — 1,513,520 46,471 
Loans held for sale12,579 — — 12,579 
Loans (excluding loan level hedges), net3,604,248 — — 3,513,346 
Stock in FHLB24,440 — 24,440 — 
Interest receivable26,137 — 26,137 — 
Liabilities
Non–interest bearing deposits$1,360,338 $1,360,338 $— $— 
Interest bearing deposits4,442,653 — 4,369,011 — 
Borrowings712,739 — 708,275 — 
Subordinated notes58,750 — 57,906 — 
Junior subordinated debentures issued to capital trusts56,785 — 53,420 — 
Interest payable2,235 — 2,235 —