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Fair Values of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2021
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, 2021
                             
Assets
                             
Cash and due from banks
 
$
49,220
   
$
49,220
   
$
49,220
   
$
-
   
$
-
 
Interest bearing deposits
   
81,287
     
81,287
     
81,287
     
-
     
-
 
Securities available for sale
   
1,247,280
     
1,247,280
     
-
     
1,247,280
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
18,427
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,815,268
     
2,828,523
     
-
     
77,799
     
2,750,724
 
Accrued interest receivable
   
13,628
     
13,628
     
3
     
5,130
     
8,495
 
Derivative financial instruments
   
15,766
     
15,766
     
-
     
15,766
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
3,544,206
   
$
3,544,206
   
$
3,544,206
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
314,369
     
316,123
     
-
     
316,123
     
-
 
Other borrowings
   
30,006
     
30,404
     
-
     
30,404
     
-
 
Subordinated debt
   
39,300
     
43,823
     
-
     
43,823
     
-
 
Subordinated debentures
   
39,541
     
32,107
     
-
     
32,107
     
-
 
Accrued interest payable
   
1,150
     
1,150
     
64
     
1,086
     
-
 
Derivative financial instruments
   
7,365
     
7,365
     
-
     
7,365
     
-
 
                                         
December 31, 2020
                                       
Assets
                                       
Cash and due from banks
 
$
56,006
   
$
56,006
   
$
56,006
   
$
-
   
$
-
 
Interest bearing deposits
   
62,699
     
62,699
     
62,699
     
-
     
-
 
Securities available for sale
   
1,072,159
     
1,072,159
     
-
     
1,072,159
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
18,427
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,790,683
     
2,794,058
     
-
     
92,434
     
2,701,624
 
Accrued interest receivable
   
12,315
     
12,315
     
3
     
3,414
     
8,898
 
Derivative financial instruments
   
16,782
     
16,782
     
-
     
16,782
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
3,198,338
   
$
3,198,338
   
$
3,198,338
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
439,017
     
441,457
     
-
     
441,457
     
-
 
Other borrowings
   
30,012
     
30,844
     
-
     
30,844
     
-
 
Subordinated debt
   
39,281
     
41,417
     
-
     
41,417
     
-
 
Subordinated debentures
   
39,524
     
30,265
     
-
     
30,265
     
-
 
Accrued interest payable
   
601
     
601
     
59
     
542
     
-
 
Derivative financial instruments
   
11,754
     
11,754
     
-
     
11,754
     
-
 

(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $572.258 million and $518.400 million at March 31, 2021 and December 31, 2020, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $36.431 million and $37.785 million at March 31, 2021 and December 31, 2020, respectively.