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Fair Values of Financial Instruments
 12 Months Ended
Dec. 31, 2022
Fair Values Of Financial Instruments [Abstract]  
Fair Values of Financial Instruments FAIR VALUES OF FINANCIAL INSTRUMENTS
Most of our assets and liabilities are considered financial instruments. Many of these financial instruments lack an available trading market and it is our general practice and intent to hold the majority of our financial instruments to maturity. Significant estimates and assumptions were used to determine the fair value of financial instruments. These estimates are subjective in nature, involving uncertainties and matters of judgment, and therefore, fair values may not be a precise estimate. Changes in assumptions could significantly affect the estimates.
Estimated fair values have been determined using available data and methodologies that are considered suitable for each category of financial instrument. For instruments with adjustable interest rates which reprice frequently and without significant credit risk, it is presumed that estimated fair values approximate the recorded book balances.
The estimated recorded book balances and fair values at December 31 follow:
Fair Value Using
Recorded
Book
Balance		Fair ValueQuoted
 Prices
in Active
Markets
for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Un-
observable
Inputs
(Level 3)
(In thousands)
2022
Assets
Cash and due from banks$70,180 $70,180 $70,180 $— $— 
Interest bearing deposits4,191 4,191 4,191 — — 
Securities available for sale779,347 779,347 — 779,347 — 
Securities held to maturity374,818 335,418 — 335,418 — 
Federal Home Loan Bank and Federal Reserve Bank Stock17,653 NANANANA
Net loans and loans held for sale3,459,802 3,185,518 20,367 26,518 3,138,633 
Accrued interest receivable16,513 16,513 1 6,503 10,009 
Derivative financial instruments39,747 39,747 — 39,747 — 
Liabilities
Deposits with no stated maturity (1)$3,798,848 $3,798,848 $3,798,848 $— $— 
Deposits with stated maturity (1)580,221 573,739 — 573,739 — 
Other borrowings86,006 86,006 — 86,006 — 
Subordinated debt39,433 41,058 — 41,058 — 
Subordinated debentures39,660 38,982 — 38,982 — 
Accrued interest payable2,287 2,287 415 1,872 — 
Derivative financial instruments19,127 19,127 — 19,127 — 
2021
Assets
Cash and due from banks$51,069 $51,069 $51,069 $— $— 
Interest bearing deposits58,404 58,404 58,404 — — 
Securities available for sale1,412,830 1,412,830 — 1,412,830 — 
Federal Home Loan Bank and Federal Reserve Bank Stock18,427 NANANANA
Net loans and loans held for sale2,948,074 2,931,079 35,233 55,470 2,840,376 
Accrued interest receivable12,865 12,865 1 6,028 6,836 
Derivative financial instruments12,283 12,283 — 12,283 — 
Liabilities
Deposits with no stated maturity (1)$3,781,298 $3,781,298 $3,781,298 $— $— 
Deposits with stated maturity (1)335,792 336,006 — 336,006 — 
Other borrowings30,009 30,155 — 30,155 — 
Subordinated debt39,357 44,999 — 44,999 — 
Subordinated debentures39,592 33,866 — 33,866 — 
Accrued interest payable497 497 67 430 — 
Derivative financial instruments5,961 5,961 — 5,961 — 
NA – Not applicable
(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $555.781 million and $562.210 million at December 31, 2022 and 2021, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $46.794 million and $24.416 million at December 31, 2022 and 2021, respectively.
The fair values for commitments to extend credit and standby letters of credit are estimated to approximate their aggregate book balance, which is nominal, and therefore are not disclosed.
Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale the entire holdings of a particular financial instrument.
Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business, the value of future earnings attributable to off-balance sheet activities and the value of assets and liabilities that are not considered financial instruments.
Fair value estimates for deposit accounts do not include the value of the core deposit intangible asset resulting from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market.