Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements by Balance Sheet Grouping

Following is a summary of the carrying amounts and fair values of the Company’s financial instruments:

	September 30, 2023				December 31, 2022
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	408,435	$	408,435	$	200,942	$	200,942
Investment securities	615,855		615,855		754,468		754,468
Loans, net	1,026,300		986,503		1,069,367		1,004,682
Accrued interest receivable	8,185		8,185		8,297		8,297
Total	$	2,058,775	$	2,018,978	$	2,033,074	$	1,968,389
Balance sheet liabilities:
Deposits	$	1,177,342	$	1,177,342	$	1,257,217	$	1,257,217
Accounts and drafts payable	1,082,224		1,082,224		1,067,600		1,067,600
Accrued interest payable	597		597		66		66
Total	$	2,260,163	$	2,260,163	$	2,324,883	$	2,324,883