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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2022
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 September 30, 2022 and December 31, 2021, 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
September 30, 2022
Items measured on a recurring basis:
Debt securities available-for-sale
$470,300 $— $470,300 $— 
Equity investments
62,343 566 61,777 — 
Interest rate derivative asset122,605 — 122,605 — 
Interest rate derivative liability(122,618)— (122,618)— 
Items measured on a non-recurring basis:
Equity investments (1)
19,379 — — 19,379 
Loans measured for impairment based on the fair value of the underlying collateral (2)
7,268 — — 7,268 
December 31, 2021
Items measured on a recurring basis:
Debt securities available-for-sale
$568,255 $— $568,255 $— 
Equity investments
90,726 14,608 73,400 2,718 
Interest rate derivative asset22,787 — 22,787 — 
Interest rate derivative liability(22,855)— (22,855)— 
Items measured on a non-recurring basis:
Equity investments10,429 — — 10,429 
Other real estate owned106 — — 106 
Loans measured for impairment based on the fair value of the underlying collateral (2)
16,233 — — 16,233 
(1)    Primarily consists of $16.8 million of equity investments measured under the measurement alternative, which included a $2.5 million unrealized gain for the three months ended September 30, 2022.
(2) Primarily consists of commercial loans, which are collateral dependent. The amounts are based on independent appraisals, which may be adjusted by management for qualitative factors, such as economic factors and estimated liquidation expenses. The range may vary but is generally 0% to 8% on the discount for costs to sell and 0% to 10% on appraisal adjustments.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table reconciles, for the three and nine months ended September 30, 2022 and 2021, the beginning and ending balances for equity investments that are recognized at fair value on a recurring basis, in the Consolidated Statements of Financial Condition, using significant unobservable inputs (in thousands):
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2022202120222021
Beginning balance$— $2,978 $2,718 $2,540 
Total losses included in earnings— (622)— (184)
Transfers out of Level 3— — (2,718)— 
Ending balance$— $2,356 $— $2,356 
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 Company’s significant financial instruments not recorded at fair value as of September 30, 2022 and December 31, 2021 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
September 30, 2022
Financial Assets:
Cash and due from banks$170,668 $170,668 $— $— 
Debt securities held-to-maturity1,027,712 — 893,044 12,382 
Restricted equity investments77,556 — — 77,556 
Loans receivable, net and loans held-for-sale9,676,037 — — 8,992,317 
Financial Liabilities:
Deposits other than time deposits8,555,112 — 8,555,112 — 
Time deposits1,404,357 — 1,365,574 — 
FHLB advances and other borrowings709,114 — 722,430 — 
Securities sold under agreements to repurchase with customers96,289 96,289 — — 
December 31, 2021
Financial Assets:
Cash and due from banks$204,949 $204,949 $— $— 
Debt securities held-to-maturity1,139,193 — 1,138,529 14,215 
Restricted equity investments53,195 — — 53,195 
Loans receivable, net and loans held-for-sale8,583,352 — — 8,533,506 
Financial Liabilities:
Deposits other than time deposits8,957,815 — 8,957,815 — 
Time deposits775,001 — 773,766 — 
Other borrowings229,141 — 251,491 — 
Securities sold under agreements to repurchase with customers118,769 118,769 — —