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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized below:
September 30, 2023
(in thousands)
Quoted
Prices in
Active
Markets
for Identical
Assets
(Level 1)		Third-Party
Models with
Observable
Market
Inputs
(Level 2)		Internal
Models
with
Unobservable
Market
Inputs
(Level 3)		Total
Carrying
Value in the
Consolidated
Balance
Sheet
Assets
Cash and cash equivalents
Other short-term investments
$— $6,024 $— $6,024 
Securities
Debt securities available for sale
U.S. government-sponsored enterprise debt securities
— 414,635 — 414,635 
Corporate debt securities
— 252,578 — 252,578 
U.S. government agency debt securities
— 355,987 — 355,987 
Collateralized loan obligations— 5,005 — 5,005 
Municipal bonds
— 1,640 — 1,640 
U.S treasury securities— 3,952 — 3,952 
— 1,033,797 — 1,033,797 
Equity securities with readily determinable fair values not held for trading2,438 — — 2,438 
2,438 1,033,797 — 1,036,235 
Mortgage loans held for sale (at fair value)— 25,952 — 25,952 
Bank owned life insurance
— 232,736 — 232,736 
Other assets
Mortgage servicing rights (MSRs)— — 1,306 1,306 
Derivative instruments
— 87,144 — 87,144 
$2,438 $1,385,653 $1,306 $1,389,397 
Liabilities
Other liabilities
Derivative instruments
$— $85,618 $— $85,618 
December 31, 2022
(in thousands)Quoted
Prices in
Active
Markets
for Identical
Assets
(Level 1)		Third-Party
Models with
Observable
Market
Inputs
(Level 2)		Internal
Models
with
Unobservable
Market
Inputs
(Level 3)		Total
Carrying
Value in the
Consolidated
Balance
Sheet
Assets
Securities
Debt securities available for sale
U.S. government-sponsored enterprise debt securities
$— $437,674 $— $437,674 
Corporate debt securities
— 280,700 — 280,700 
U.S. government agency debt securities
— 330,821 — 330,821 
Collateralized loan obligations— 4,774 — 4,774 
U.S treasury securities— 1,996 — 1,996 
Municipal bonds
— 1,656 — 1,656 
— 1,057,621 — 1,057,621 
Equity securities with readily determinable fair values not held for trading11,383 — — 11,383 
11,383 1,057,621 — 1,069,004 
Mortgage loans held for sale (at fair value)— 62,438 — 62,438 
Bank owned life insurance— 228,412 — 228,412 
Other assets
Mortgage servicing rights (MSRs)— — 1,307 1,307 
Derivative instruments— 78,250 — 78,250 
$11,383 $1,426,721 $1,307 $1,439,411 
Liabilities
Other liabilities
Derivative instruments$— $77,160 $— $77,160 
Schedule of Major Categories of Assets Measured at Fair Value on a Nonrecurring Basis
The following tables present the major categories of assets measured at fair value on a non-recurring basis at September 30, 2023 and December 31, 2022:
September 30, 2023
(in thousands)Carrying AmountQuoted
Prices in
Active
Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total Write Downs
Description
Loans held for sale, at lower of fair value or cost$43,257 $— $— $43,257 $5,562 
Loans held for investment measured for impairments using the fair value of the collateral (1)24,146 — — 24,146 4,371 
Other Real Estate Owned (2)20,181 — — 20,181 — 
$87,584 $— $— $87,584 $9,933 
_______________
(1)Include loans with specific reserves of $8.6 million and total write downs of $4.4 million at September 30, 2023.
(2)Consists of commercial real estate property.




December 31, 2022
(in thousands)Carrying AmountQuoted
Prices in
Active
Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total Write Downs
Description
Loans held for investment measured for impairments using the fair value of the collateral (1)$30,158 $— $— $30,158 $3,851 
_______________
(1)Include loans with specific reserves of $5.2 million and total write downs of $3.9 million at December 31, 2022.
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following table presents the significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis.

Financial InstrumentUnobservable InputsValuation MethodsDiscount RangeTypical Discount
Collateral dependent loansDiscount to fair valueAppraisal value, as adjusted
0-30%
6-7%
Inventory
0-100%
30-50%
Accounts receivables
0-100%
20-30%
Equipment
0-100%
20-30%
Other Real Estate OwnedDiscount to fair valueAppraisal value, as adjustedN/A
6-7%
Schedule of Estimated Fair Value of Financial Instruments where Fair Value Differs from Carrying Value
The estimated fair value of financial instruments where fair value differs from carrying value are as follows:
September 30, 2023December 31, 2022
(in thousands)Carrying
Value		Estimated
Fair
Value		Carrying
Value		Estimated
Fair
Value
Financial assets:
Debt securities held to maturity$230,254 $195,165 $242,101 $217,609 
Loans3,319,421 3,145,042 3,314,553 3,181,696 
Financial liabilities:
Time deposits1,579,458 1,569,852 1,119,510 1,099,294 
Advances from the FHLB595,000 588,604 906,486 873,852 
Senior notes59,447 56,293 59,210 58,755 
Subordinated notes29,412 28,481 29,284 28,481 
Junior subordinated debentures64,178 63,237 64,178 64,182