XML 91 R80.htm IDEA: XBRL DOCUMENT v3.24.2.u1
FAIR VALUE - Summary of carrying amounts and estimated fair values for financial instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Dec. 31, 2022
Assets:        
Cash and cash equivalents $ 245,799 $ 254,442 $ 297,568 $ 196,512
Held-to-maturity securities, net of ACL 71,067 66,617    
Total 2,456,063 2,530,915    
Accrued interest receivable 11,339 11,428    
Liabilities:        
FHLB borrowings – fixed rate 191,505 125,711    
Subordinated notes 52,451 52,340    
Accrued interest payable 2,243 3,793    
Carrying Amount        
Assets:        
Cash and cash equivalents 245,799 254,442    
Held-to-maturity securities, net of ACL 78,927 74,102    
Total 2,418,554 2,493,258    
Accrued interest receivable 11,339 11,428    
Liabilities:        
Term deposits 519,597 496,452    
Non-term deposits 1,891,295 2,032,587    
FHLB borrowings – fixed rate 128,712 41,175    
FHLB borrowings – floating rate 50,000 50,000    
Federal Reserve borrowings – fixed rate 12,793 34,536    
Accrued interest payable 2,243 3,793    
Subordinated Notes | Carrying Amount        
Liabilities:        
Subordinated notes 52,451 52,340    
Quoted Prices in Active Markets for Identical Assets (Level 1) | Estimate of Fair Value Measurement        
Assets:        
Cash and cash equivalents 245,799 254,442    
Held-to-maturity securities, net of ACL 248 242    
Accrued interest receivable 11,339 11,428    
Liabilities:        
Term deposits 463,850 414,613    
Non-term deposits 1,891,295 2,032,587    
Federal Reserve borrowings – fixed rate 2,793 3,539    
Accrued interest payable 2,243 3,793    
Significant Other Observable Inputs (Level 2) | Estimate of Fair Value Measurement        
Assets:        
Held-to-maturity securities, net of ACL 62,850 58,231    
Liabilities:        
FHLB borrowings – fixed rate 128,752 41,372    
FHLB borrowings – floating rate 49,054 49,986    
Federal Reserve borrowings – fixed rate 9,947 30,936    
Significant Unobservable Inputs (Level 3) | Estimate of Fair Value Measurement        
Assets:        
Held-to-maturity securities, net of ACL 7,969 8,144    
Total 2,323,908 2,395,468    
Liabilities:        
Term deposits 55,425 82,564    
Significant Unobservable Inputs (Level 3) | Subordinated Notes | Estimate of Fair Value Measurement        
Liabilities:        
Subordinated notes $ 46,621 $ 48,228