XML 47 R36.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Values of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2024
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 ValueQuoted
Prices
in Active
Markets
for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Un-
observable
Inputs
(Level 3)
(In thousands)
September 30, 2024
Assets
Cash and due from banks$61,503 $61,503 $61,503 $— $— 
Interest bearing deposits60,057 60,057 60,057 — — 
Securities available for sale588,950 588,950 — 588,950 — 
Securities held to maturity343,362 314,638 — 314,638 — 
Federal Home Loan Bank and Federal      
Reserve Bank Stock16,099 NANANANA
Net loans and loans held for sale3,898,872 3,732,864 — 14,029 3,718,835 
Accrued interest receivable18,809 18,809 134 5,339 13,336 
Derivative financial instruments38,774 38,774 — 38,774 — 
     
Liabilities     
Deposits with no stated maturity (1)$3,850,142 $3,850,142 $3,850,142 $— $— 
Deposits with stated maturity (1)776,733 775,042 — 775,042 — 
Other borrowings— — — — — 
Subordinated debt39,567 39,687 — 39,687 — 
Subordinated debentures39,779 39,733 — 39,733 — 
Accrued interest payable4,215 4,215 427 3,788 — 
Derivative financial instruments24,056 24,056 — 24,056 — 
     
December 31, 2023     
Assets     
Cash and due from banks$68,208 $68,208 $68,208 $— $— 
Interest bearing deposits101,573 101,573 101,573 — — 
Securities available for sale679,350 679,350 — 679,350 — 
Securities held to maturity353,988 318,606 — 318,606 — 
Federal Home Loan Bank and Federal      
Reserve Bank Stock16,821 NANANANA
Net loans and loans held for sale3,748,306 3,453,790 — 12,063 3,441,727 
Accrued interest receivable19,044 19,044 58 6,486 12,500 
Derivative financial instruments38,683 38,683 — 38,683 — 
Liabilities     
Deposits with no stated maturity (1)$3,704,808 $3,704,808 $3,704,808 $— $— 
Deposits with stated maturity (1)918,071 914,404 — 914,404 — 
Other borrowings50,026 49,831 — 49,831 — 
Subordinated debt39,510 40,352 — 40,352 — 
Subordinated debentures39,728 38,103 — 38,103 — 
Accrued interest payable6,534 6,534 482 6,052 — 
Derivative financial instruments21,835 21,835 — 21,835 — 
(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $878.832 million and $723.014 million at September 30, 2024 and December 31, 2023, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $116.637 million and $109.006 million at September 30, 2024 and December 31, 2023, respectively.