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Fair Values of Financial Instruments (Tables)
9 Months Ended
Sep. 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)
 
September 30, 2020
                             
Assets
                             
Cash and due from banks
 
$
42,435
   
$
42,435
   
$
42,435
   
$
-
   
$
-
 
Interest bearing deposits
   
4,121
     
4,121
     
4,121
     
-
     
-
 
Securities available for sale
   
985,050
     
985,050
     
-
     
985,050
     
-
 
Federal Home Loan Bank and Federal
                                       
Reserve Bank Stock
   
18,427
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,919,455
     
2,915,489
     
-
     
99,747
     
2,815,742
 
Accrued interest receivable
   
12,402
     
12,402
     
1
     
3,409
     
8,992
 
Derivative financial instruments
   
19,202
     
19,202
     
-
     
19,202
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
3,105,019
   
$
3,105,019
   
$
3,105,019
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
492,726
     
495,694
     
-
     
495,694
     
-
 
Other borrowings
   
30,005
     
31,477
     
-
     
31,477
     
-
 
Subordinated debt
   
39,261
     
40,999
     
-
     
40,999
     
-
 
Subordinated debentures
   
39,507
     
28,941
     
-
     
28,941
     
-
 
Accrued interest payable
   
1,408
     
1,408
     
62
     
1,346
     
-
 
Derivative financial instruments
   
12,690
     
12,690
     
-
     
12,690
     
-
 
                                         
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 $521.106 million and $388.369 million at September 30, 2020 and December 31, 2019, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $36.445 million and $42.658 million at September 30, 2020 and December 31, 2019, respectively.