XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Values of Financial Instruments (Tables)
9 Months Ended
Sep. 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)
 
September 30, 2021
                             
Assets
                             
Cash and due from banks
 
$
49,946
   
$
49,946
   
$
49,946
   
$
-
   
$
-
 
Interest bearing deposits
   
75,675
     
75,675
     
75,675
     
-
     
-
 
Securities available for sale
   
1,348,378
     
1,348,378
     
-
     
1,348,378
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
18,427
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
2,915,910
     
2,949,021
     
-
     
78,731
     
2,870,290
 
Accrued interest receivable
   
12,721
     
12,721
     
2
     
5,691
     
7,028
 
Derivative financial instruments
   
13,559
     
13,559
     
-
     
13,559
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
3,661,774
   
$
3,661,774
   
$
3,661,774
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
350,294
     
351,269
     
-
     
351,269
     
-
 
Other borrowings
   
30,007
     
30,333
     
-
     
30,333
     
-
 
Subordinated debt
   
39,338
     
45,742
     
-
     
45,742
     
-
 
Subordinated debentures
   
39,575
     
29,474
     
-
     
29,474
     
-
 
Accrued interest payable
   
1,112
     
1,112
     
67
     
1,045
     
-
 
Derivative financial instruments
   
6,583
     
6,583
     
-
     
6,583
     
-
 
                                         
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 $560.915 million and $518.400 million at September 30, 2021 and December 31, 2020, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $35.278 million and $37.785 million at September 30, 2021 and December 31, 2020, respectively.