Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Financial Assets and Financial Liabilities Measured at Fair Value

The following table summarizes financial assets and financial liabilities measured at fair value as of December 31, 2018 and 2017, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):

				Fair Value Measurements at Reporting Date Using:
	Total Fair Value			Level 1 Inputs		Level 2 Inputs			Level 3 Inputs
December 31, 2018
Items measured on a recurring basis:
Debt securities available-for-sale	$	100,717		$	—	$	100,717		$	—
Equity investments	9,655			9,655		—			—
Interest rate swap asset	1,722			—		1,722			—
Interest rate swap liability	(1,813		)	—		(1,813		)	—
Items measured on a non-recurring basis:
Other real estate owned	1,381			—		—			1,381
Loans measured for impairment based on the fair value of the underlying collateral	11,639			—		—			11,639
December 31, 2017
Items measured on a recurring basis:
Debt securities available-for-sale	$	81,581		$	—	$	81,581		$	—
Equity investments	8,700			8,700		—			—
Items measured on a non-recurring basis:
Other real estate owned	8,186			—		—			8,186
Loans measured for impairment based on the fair value of the underlying collateral	16,496			—		—			16,496

Book Value and Estimated Fair Value of Bank's Significant Financial Instruments Not Recorded at Fair Value

The book value and estimated fair value of the Bank’s significant financial instruments not recorded at fair value as of December 31, 2018 and December 31, 2017 are presented in the following tables (in thousands):

			Fair Value Measurements at Reporting Date Using:
	Book Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
December 31, 2018
Financial Assets:
Cash and due from banks	$	120,792	$	120,792	$	—	$	—
Debt securities held-to-maturity	846,810		—		830,999		1,816
Restricted equity investments	56,784		—		—		56,784
Loans receivable, net and loans held-for-sale	5,579,222		—		—		5,474,306
Financial Liabilities:
Deposits other than time deposits	4,948,325		—		4,948,325		—
Time deposits	866,244		—		853,678		—
Federal Home Loan Bank advances and other borrowings	548,913		—		554,692		—
Securities sold under agreements to repurchase with retail customers	61,760		61,760		—		—
December 31, 2017
Financial Assets:
Cash and due from banks	$	109,613	$	109,613	$	—	$	—
Debt securities held-to-maturity	764,062		—		751,182		10,478
Restricted equity investments	19,724		—		—		19,724
Loans receivable, net and loans held-for-sale	3,966,014		—		—		3,962,689
Financial Liabilities:
Deposits other than time deposits	3,735,694		—		3,735,694		—
Time deposits	607,104		—		599,677		—
Federal Home Loan Bank advances and other borrowings	345,210		—		341,820		—
Securities sold under agreements to repurchase with retail customers	79,668		79,668		—		—