Disclosures about Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Commitments to Extend Credit, Standby Letters of Credit and Commercial Letters

The following table shows conditional commitments to extend credit, standby letters of credit and commercial letters:

	December 31,
(In thousands)		2019		2018
Conditional commitments to extend credit		$	197,799	$	144,010
Standby letters of credit			13,288		11,368
Commercial letters of credit			2,755		3,486

Schedule of Company's Financial Instruments

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

	December 31,
	2019				2018
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	203,954	$	203,954	$	230,933	$	230,933
Investment in securities		422,665		422,665		441,534		441,534
Loans, net		762,082		776,653		711,362		711,090
Accrued interest receivable		6,706		6,706		7,069		7,069
Total	$	1,395,407	$	1,409,978	$	1,390,898	$	1,390,626
Balance sheet liabilities:
Deposits	$	757,136	$	757,790	$	721,926	$	722,018
Accounts and drafts payable		684,295		684,295		694,360		694,360
Accrued interest payable		103		103		91		91
Total	$	1,441,534	$	1,442,188	$	1,416,377	$	1,416,469