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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 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:
March 31, 2023December 31, 2022
(In thousands)Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Balance sheet assets:
Cash and cash equivalents $210,478 $210,478 $200,942 $200,942 
Investment securities 703,037 703,037 754,468 754,468 
Loans, net 1,057,119 977,053 1,069,367 1,004,682 
Accrued interest receivable 7,508 7,508 8,297 8,297 
Total $1,978,142 $1,898,076 $2,033,074 $1,968,389 
Balance sheet liabilities:
Deposits $1,116,150 $1,116,150 $1,257,217 $1,257,217 
Accounts and drafts payable 1,051,435 1,051,435 1,067,600 1,067,600 
Accrued interest payable 176 176 66 66 
Total $2,167,761 $2,167,761 $2,324,883 $2,324,883