Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth our assets and liabilities measured at fair value on a recurring basis as of:

	Level 1		Level 2		Level 3
	Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs		Total Estimated Fair Value
March 31, 2023
Available-for-sale securities	$	57,369	$	475,281	$	—	$	532,650
Loans held-for-sale	—		66,255		—		66,255
Mortgage servicing rights	—		—		73,424		73,424
Derivative financial instruments - assets	—		33,651		—		33,651
Derivative financial instruments - liabilities	—		(20,836)		—		(20,836)
Total	$	57,369	$	554,351	$	73,424	$	685,144
December 31, 2022
Available-for-sale securities	$	56,649	$	480,324	$	—	$	536,973
Loans held-for-sale	—		57,323		—		57,323
Mortgage servicing rights	—		—		74,097		74,097
Derivative financial instruments - assets	—		40,287		—		40,287
Derivative financial instruments - liabilities	—		(24,527)		—		(24,527)
Total	$	56,649	$	553,407	$	74,097	$	684,153

Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation for our Level 3 assets measured at fair value on a recurring basis:

	For the three months ended March 31,
	2023		2022
Balance, beginning of period	$	74,097	$	47,392
Total (losses) gains included in earnings	(2,720)		8,565
Purchases, issuances, sales and settlements:
Issuances	2,047		4,524
Balance, end of period	$	73,424	$	60,481

Schedule of Fair Value Measurements, Nonrecurring

The following table sets forth our assets and liabilities that were measured at fair value on a non-recurring basis as of:

	Level 3
	March 31, 2023		December 31, 2022
Collateral dependent loans:
Commercial and industrial	$	1,812	$	5,229
Commercial real estate	500		607
Residential real estate	1,155		802
Consumer	—		3
Other	—		—
Total collateral dependent loans	$	3,467	$	6,641
Other real estate owned and foreclosed assets, net:
Commercial real estate	$	5,391	$	5,391
Residential real estate	967		967
Total other real estate owned and foreclosed assets, net:	$	6,358	$	6,358

Schedule of Fair Value, by Balance Sheet Grouping

The carrying amounts and estimated fair values of financial instruments not carried at fair value are as follows as of:

			Estimated Fair Value
	Carrying Value		Total		Level 1		Level 2		Level 3
March 31, 2023
Assets:
Cash and cash equivalents	$	388,349	$	388,349	$	388,349	$	—	$	—
Securities held-to-maturity	38,470		33,502		—		33,502		—
Loans (excluding collateral dependent loans at fair value)	6,057,508		5,932,738		—		—		5,932,738
Restricted equity securities	46,747		46,747		—		46,747		—
Accrued interest receivable	28,725		28,725		—		2,059		26,666
Liabilities:
Deposits (excluding demand deposits)	$	3,991,168	$	3,965,964	$	—	$	3,965,964	$	—
Securities sold under agreements to repurchase	31,645		31,645		—		31,645		—
FHLB advances	577,285		577,285		—		577,285		—
Convertible notes payable, net	5,393		5,330		—		5,330		—
Subordinated debt, net	74,980		72,547		—		72,547		—
Accrued interest payable	9,610		9,610		—		9,610		—
December 31, 2022
Assets:
Cash and cash equivalents	$	343,526	$	343,526	$	343,526	$	—	$	—
Securities held-to-maturity	38,901		33,218		—		33,218		—
Loans (excluding impaired loans)	5,871,274		5,756,197		—		—		5,756,197
Restricted equity securities	50,215		50,215		—		50,215		—
Accrued interest receivable	28,543		28,543		—		2,049		26,494
Liabilities:
Deposits (excluding demand deposits)	$	3,732,215	$	3,696,438	$	—	$	3,696,438	$	—
Securities sold under agreements to repurchase	36,721		36,721		—		36,721		—
FHLB advances	643,885		643,885		—		643,885		—
Convertible notes payable, net	5,355		5,329		—		5,329		—
Subordinated debt, net	74,880		71,618		—		71,618		—
Accrued interest payable	5,798		5,798		—		5,798		—