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Fair Values of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2020
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)
 
June 30, 2020
                             
Assets
                             
Cash and due from banks
 
$
47,369
   
$
47,369
   
$
47,369
   
$
-
   
$
-
 
Interest bearing deposits
   
8,447
     
8,447
     
8,447
     
-
     
-
 
Securities available for sale
   
856,280
     
856,280
     
-
     
856,280
     
-
 
Federal Home Loan Bank and Federal
                                       
Reserve Bank Stock
   
18,427
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,915,869
     
2,873,095
     
-
     
83,706
     
2,789,389
 
Accrued interest receivable
   
11,087
     
11,087
     
1
     
2,555
     
8,531
 
Derivative financial instruments
   
18,819
     
18,819
     
-
     
18,819
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
2,993,331
   
$
2,993,331
   
$
2,993,331
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
491,794
     
495,251
     
-
     
495,251
     
-
 
Other borrowings
   
50,002
     
51,724
     
-
     
51,724
     
-
 
Subordinated debt
   
39,283
     
40,414
     
-
     
40,414
     
-
 
Subordinated debentures
   
39,490
     
27,217
     
-
     
27,217
     
-
 
Accrued interest payable
   
849
     
849
     
32
     
817
     
-
 
Derivative financial instruments
   
13,563
     
13,563
     
-
     
13,563
     
-
 
                                         
December 31, 2019
                                       
Assets
                                       
Cash and due from banks
 
$
53,295
   
$
53,295
   
$
53,295
   
$
-
   
$
-
 
Interest bearing deposits
   
12,009
     
12,009
     
12,009
     
-
     
-
 
Interest bearing deposits - time
   
350
     
350
     
-
     
350
     
-
 
Securities available for sale
   
518,400
     
518,400
     
-
     
518,400
     
-
 
Federal Home Loan Bank and Federal
                                       
Reserve Bank Stock
   
18,359
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,768,675
     
2,768,817
     
-
     
69,800
     
2,699,017
 
Accrued interest receivable
   
10,108
     
10,108
     
8
     
1,752
     
8,348
 
Derivative financial instruments
   
5,464
     
5,464
     
-
     
5,464
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
2,427,190
   
$
2,427,190
   
$
2,427,190
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
609,537
     
610,235
     
-
     
610,235
     
-
 
Other borrowings
   
88,646
     
88,680
     
-
     
88,680
     
-
 
Subordinated debentures
   
39,456
     
33,149
     
-
     
33,149
     
-
 
Accrued interest payable
   
1,296
     
1,296
     
97
     
1,199
     
-
 
Derivative financial instruments
   
4,402
     
4,402
     
-
     
4,402
     
-
 

(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $499.384 million and $388.369 million at June 30, 2020 and December 31, 2019, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $36.014 million and $42.658 million at June 30, 2020 and December 31, 2019, respectively.