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Fair Values of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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)
 
June 30, 2021
                             
Assets
                             
Cash and due from banks
 
$
46,242
   
$
46,242
   
$
46,242
   
$
-
   
$
-
 
Interest bearing deposits
   
23,012
     
23,012
     
23,012
     
-
     
-
 
Securities available for sale
   
1,330,660
     
1,330,660
     
-
     
1,330,660
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
18,427
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,828,385
     
2,862,494
     
-
     
59,752
     
2,802,742
 
Accrued interest receivable
   
13,240
     
13,240
     
2
     
5,450
     
7,788
 
Derivative financial instruments
   
14,222
     
14,222
     
-
     
14,222
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
3,552,144
   
$
3,552,144
   
$
3,552,144
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
310,322
     
311,525
     
-
     
311,525
     
-
 
Other borrowings
   
30,005
     
30,422
     
-
     
30,422
     
-
 
Subordinated debt
   
39,319
     
43,642
     
-
     
43,642
     
-
 
Subordinated debentures
   
39,558
     
31,457
     
-
     
31,457
     
-
 
Accrued interest payable
   
532
     
532
     
71
     
461
     
-
 
Derivative financial instruments
   
7,738
     
7,738
     
-
     
7,738
     
-
 
                                         
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 $554.399 million and $518.400 million at June 30, 2021 and December 31, 2020, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $35.094 million and $37.785 million at June 30, 2021 and December 31, 2020, respectively.