Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

Fair Values of Financial Instruments [Abstract]

Estimated Recorded Book Balances and Fair Values

The estimated recorded book balances and fair values follow:

					Fair Value Using
	Recorded Book Balance		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
March 31, 2023
Assets
Cash and due from banks	$	47,823	$	47,823	$	47,823	$	—	$	—
Interest bearing deposits	179,196		179,196		179,196		—		—
Securities available for sale	767,526		767,526		—		767,526		—
Securities held to maturity	369,577		339,337		—		339,337		—
Federal Home Loan Bank and Federal
Reserve Bank Stock	17,653		NA		NA		NA		NA
Net loans and loans held for sale	3,476,194		3,155,940		—		16,935		3,139,005
Accrued interest receivable	16,615		16,615		212		6,257		10,146
Derivative financial instruments	34,184		34,184		—		34,184		—
Liabilities
Deposits with no stated maturity (1)	$	3,783,354	$	3,783,354	$	3,783,354	$	—	$	—
Deposits with stated maturity (1)	761,395		754,881		—		754,881		—
Other borrowings	50,029		50,019		—		50,019		—
Subordinated debt	39,452		39,705		—		39,705		—
Subordinated debentures	39,677		32,695		—		32,695		—
Accrued interest payable	4,085		4,085		486		3,599		—
Derivative financial instruments	16,523		16,523		—		16,523		—
December 31, 2022
Assets
Cash and due from banks	$	70,180	$	70,180	$	70,180	$	—	$	—
Interest bearing deposits	4,191		4,191		4,191		—		—
Securities available for sale	779,347		779,347		—		779,347		—
Federal Home Loan Bank and Federal
Reserve Bank Stock	17,653		NA		NA		NA		NA
Net loans and loans held for sale	3,459,802		3,185,518		20,367		26,518		3,138,633
Accrued interest receivable	16,513		16,513		1		6,503		10,009
Derivative financial instruments	39,747		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 borrowings	86,006		86,006		—		86,006		—
Subordinated debt	39,433		41,058		—		41,058		—
Subordinated debentures	39,660		38,982		—		38,982		—
Accrued interest payable	2,287		2,287		415		1,872		—
Derivative financial instruments	19,127		19,127		—		19,127		—

(1) Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $615.860 million and $555.781 million at March 31, 2023 and December 31, 2022, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $69.598 million and $46.794 million at March 31, 2023 and December 31, 2022, respectively.