Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021				December 31, 2020
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	500,309	$	500,309	$	670,528	$	670,528
Investment securities	541,079		541,079		357,726		357,726
Loans, net	861,373		861,828		879,732		883,461
Accrued interest receivable	6,332		6,332		6,850		6,850
Total	$	1,909,093	$	1,909,548	$	1,914,836	$	1,918,565
Balance sheet liabilities:
Deposits	$	1,087,317	$	1,087,317	$	1,050,856	$	1,050,856
Accounts and drafts payable	905,479		905,479		835,386		835,386
Accrued interest payable	68		68		38		38
Total	$	1,992,864	$	1,992,864	$	1,886,280	$	1,886,280