Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018, 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, 2019
Items measured on a recurring basis:
Debt securities available-for-sale	$	150,960		$	—	$	150,935		$	25
Equity investments	10,136			10,136		—			—
Interest rate swap asset	10,141			—		10,141			—
Interest rate swap liability	(10,708		)	—		(10,708		)	—
Items measured on a non-recurring basis:
Other real estate owned	264			—		—			264
Loans measured for impairment based on the fair value of the underlying collateral	8,794			—		—			8,794
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

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, 2019 and December 31, 2018 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, 2019
Financial Assets:
Cash and due from banks	$	120,544	$	120,544	$	—	$	—
Debt securities held-to-maturity	768,873		—		774,805		2,485
Restricted equity investments	62,356		—		—		62,356
Loans receivable, net and loans held-for-sale	6,207,680		—		—		6,173,237
Financial Liabilities:
Deposits other than time deposits	5,393,145		—		5,393,145		—
Time deposits	935,632		—		936,318		—
Federal Home Loan Bank advances and other borrowings	616,061		—		626,225		—
Securities sold under agreements to repurchase with retail customers	71,739		71,739		—		—
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		—		—