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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values of Financial Instruments
The following tables present estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall.
June 30, 2023
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$228,986 $228,986 $— $— 
Interest–earning time deposits2,452 — 2,415 — 
Investment securities, held to maturity1,983,496 — 1,668,229 — 
Loans held for sale6,933 — — 6,933 
Loans (excluding loan level hedges), net4,216,284 — — 3,957,526 
Stock in FHLB34,509 — 34,509 — 
Interest receivable37,536 — 37,536 — 
Liabilities
Non–interest bearing deposits$1,170,055 $1,170,055 $— $— 
Interest bearing deposits4,539,277 — 4,245,049 — 
Borrowings1,352,039 — 1,338,249 — 
Subordinated notes58,970 — 57,600 — 
Junior subordinated debentures issued to capital trusts57,143 — 50,569 — 
Interest payable12,739 — 12,739 — 
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 —