Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Summary of the Fair Value of Financial Instruments

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

	September 30, 2019				December 31, 2018
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	222,738	$	222,738	$	230,933	$	230,933
Investment securities		427,591		427,591		441,534		441,534
Loans, net		756,875		769,487		711,362		711,090
Accrued interest receivable		6,535		6,535		7,069		7,069
Total	$	1,413,739	$	1,426,351	$	1,390,898	$	1,390,626
Balance sheet liabilities:
Deposits	$	711,233	$	711,717		$721,926	$	722,018
Accounts and drafts payable		762,075		762,075		694,360		694,360
Accrued interest payable		247		247		91		91
Total	$	1,473,555	$	1,474,039	$	1,416,377	$	1,416,469