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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values Estimated fair values as of the periods indicated are as follows:
 December 31, 2023December 31, 2022
(In Thousands)Carrying AmountFair  ValueCarrying AmountFair  Value
Financial assets: 
Level 1 inputs: 
     Cash, due from banks and deposits in other banks$118,530 $118,530 $259,350 $259,350 
     Investment securities available for sale310,896 310,896 356,837 356,837 
     Marketable equity securities13,153 13,153 10,740 10,740 
Level 2 inputs: 
     Investment securities available for sale327,040 327,040 320,192 320,192 
     Investment in Federal Home Loan Bank Stock2,980 2,980 3,816 3,816 
     Loans held for sale31,974 31,974 27,538 27,538 
     Accrued interest receivable11,958 11,958 9,937 9,937 
     Interest rate swaps11,836 11,836 14,179 14,179 
Level 3 inputs: 
     Investment securities held to maturity36,750 33,413 36,750 32,639 
     Loans 1,789,497 1,686,362 1,501,785 1,408,350 
     Purchased receivables, net36,842 36,842 19,994 19,994 
     Interest rate lock commitments342 342 440 440 
     Mortgage servicing rights19,564 19,564 18,635 18,635 
     Commercial servicing rights2,200 2,200 2,129 2,129 
Financial liabilities: 
Level 2 inputs: 
     Deposits$2,485,055 2,482,937 $2,387,211 $2,383,975 
     Borrowings13,675 11,872 14,095 12,382 
     Accrued interest payable202 202 54 54 
     Interest rate swaps10,470 10,470 12,725 12,725 
Retail interest rate contracts13 13 3 3 
Level 3 inputs:
     Junior subordinated debentures10,310 12,030 10,310 11,266 
Schedule of Assets And Liabilities Measured At Fair Value On A Recurring Basis The following table sets forth the balances as of the periods indicated of assets measured at fair value on a recurring basis:
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
December 31, 2023    
Assets:
    Available for sale securities    
    U.S. Treasury and government sponsored entities$564,125 $300,274 $263,851 $— 
    Municipal securities816 — 816 — 
    Corporate bonds13,624 10,622 3,002 — 
    Collateralized loan obligations59,371 — 59,371 — 
           Total available for sale securities$637,936 $310,896 $327,040 $— 
    Marketable equity securities$13,153 $13,153 $— $— 
           Total marketable equity securities$13,153 $13,153 $— $— 
Interest rate swaps$11,836 $— $11,836 $— 
Interest rate lock commitments342 — — 342 
Mortgage servicing rights19,564 — — 19,564 
Commercial servicing rights2,200 — — 2,200 
           Total other assets$33,942 $— $11,836 $22,106 
Liabilities:
Interest rate swaps$10,470 $— $10,470 $— 
Retail interest rate contracts13 — 13 — 
           Total other liabilities$10,483 $— $10,483 $— 
December 31, 2022    
Assets:
    Available for sale securities    
    U.S. Treasury and government sponsored entities$595,161 $333,193 $261,968 $— 
    Municipal securities795 — 795 — 
    Corporate bonds23,644 23,644 — — 
    Collateralized loan obligations57,429 — 57,429 — 
           Total available for sale securities$677,029 $356,837 $320,192 $— 
    Marketable equity securities$10,740 $10,740 $— $— 
           Total marketable equity securities$10,740 $10,740 $— $— 
Interest rate swaps$14,178 $— $14,178 $— 
Interest rate lock commitments440 — — 440 
Mortgage servicing rights18,635 — — 18,635 
Commercial servicing rights2,129 — — 2,129 
           Total other assets$35,382 $— $14,178 $21,204 
Liabilities:
   Interest rate swaps$12,725 $— $12,725 $— 
           Total other liabilities$12,728 $— $12,728 $— 
Fair Value, Assets Measured on Recurring Basis using Significant Unobservable Inputs The following table provides a reconciliation of the assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the years ended December 31, 2023 and 2022:
(In Thousands)Beginning balanceChange included in earningsPurchases and issuancesSales and settlementsEnding balance
December 31, 2023 
Interest rate lock commitments$440 ($989)$7,447 ($6,556)$342 
Mortgage servicing rights18,635 (2,687)3,616 — 19,564 
Commercial servicing rights2,129 (62)133 — 2,200 
Total$21,204 ($3,738)$11,196 ($6,556)$22,106 
December 31, 2022
Interest rate lock commitments$1,387 ($1,515)$12,140 ($11,572)$440 
Mortgage servicing rights13,724 288 4,623 — 18,635 
Commercial servicing rights1,084 809 236 — 2,129 
Total$16,195 ($418)$16,999 ($11,572)$21,204 
Fair Value, Assets Measured on Nonrecurring Basis As of and for the years ending December 31, 2023 and 2022, except for certain assets as shown in the following table, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis. For loans individually measured for credit losses, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy.    
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
December 31, 2023    
  Loans individually measured for credit losses$— $— $— $— 
   Other real estate owned— — — — 
Total$— $— $— $— 
December 31, 2022    
  Loans individually measured for credit losses$— $— $— $— 
  Other real estate owned— — — — 
Total$— $— $— $— 

    The following table presents the (gains) losses resulting from nonrecurring fair value adjustments for the periods ended December 31, 2023, 2022 and 2021, respectively:
(In Thousands)202320222021
  Loans individually measured for credit losses$— $— ($13)
Other real estate owned123 — — 
Total (income) loss from nonrecurring measurements$123 $— ($13)
Schedule of Valuation Assumptions The following table provides a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring and nonrecurring basis at December 31, 2023 and 2022:
Financial InstrumentValuation Technique - Recurring BasisUnobservable InputWeighted Average or Rate Range
December 31, 2023
Interest rate lock commitmentExternal pricing modelPull through rate89.84 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
6.13% - 25.33%
Discount rate
9.50% - 11.00%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
3.99% - 18.90%
Discount rate9.50 %
December 31, 2022
Interest rate lock commitmentExternal pricing modelPull through rate93.18 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
6.62% - 7.43%
Discount rate
11.25%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
4.19% - 22.87%
Discount rate12.00 %