XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Values of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2022
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, 2022
                              
Assets
                              
Cash and due from banks
  
$
46,600
    
$
46,600
    
$
46,600
    
$
-
    
$
-
  
Interest bearing deposits
    
63,221
      
63,221
      
63,221
      
-
      
-
  
Securities available for sale
    
1,400,137
      
1,400,137
      
-
      
1,400,137
      
-
  
Federal Home Loan Bank and Federal
                                       
Reserve Bank Stock
    
17,653
    
NA
    
NA
    
NA
    
NA
  
Net loans and loans held for sale
    
2,987,952
      
2,858,273
      
-
      
29,514
      
2,828,759
  
Accrued interest receivable
    
12,815
      
12,815
      
2
      
6,136
      
6,677
  
Derivative financial instruments
    
20,557
      
20,557
      
-
      
20,557
      
-
  
                                         
Liabilities
                                        
Deposits with no stated maturity (1)
  
$
3,867,260
    
$
3,867,260
    
$
3,867,260
    
$
-
    
$
-
  
Deposits with stated maturity (1)
    
338,238
      
351,269
      
-
      
351,269
      
-
  
Other borrowings
    
30,006
      
30,003
      
-
      
30,003
      
-
  
Subordinated debt
    
39,376
      
44,292
      
-
      
44,292
      
-
  
Subordinated debentures
    
39,609
      
35,651
      
-
      
35,651
      
-
  
Accrued interest payable
    
1,133
      
1,133
      
68
      
1,065
      
-
  
Derivative financial instruments
    
9,045
      
9,045
      
-
      
9,045
      
-
  
                                         
December 31, 2021
                                        
Assets
                                        
Cash and due from banks
  
$
51,069
    
$
51,069
    
$
51,069
    
$
-
    
$
-
  
Interest bearing deposits
    
58,404
      
58,404
      
58,404
      
-
      
-
  
Securities available for sale
    
1,412,830
      
1,412,830
      
-
      
1,412,830
      
-
  
Federal Home Loan Bank and Federal
                                       
Reserve Bank Stock
    
18,427
    
NA
    
NA
    
NA
    
NA
  
Net loans and loans held for sale
    
2,948,074
      
2,931,079
      
35,233
      
55,470
      
2,840,376
  
Accrued interest receivable
    
12,865
      
12,865
      
1
      
6,028
      
6,836
  
Derivative financial instruments
    
12,283
      
12,283
      
-
      
12,283
      
-
  
                                         
Liabilities
                                        
Deposits with no stated maturity (1)
  
$
3,781,298
    
$
3,781,298
    
$
3,781,298
    
$
-
    
$
-
  
Deposits with stated maturity (1)
    
335,792
      
336,006
      
-
      
336,006
      
-
  
Other borrowings
    
30,009
      
30,155
      
-
      
30,155
      
-
  
Subordinated debt
    
39,357
      
44,999
      
-
      
44,999
      
-
  
Subordinated debentures
    
39,592
      
33,866
      
-
      
33,866
      
-
  
Accrued interest payable
    
497
      
497
      
67
      
430
      
-
  
Derivative financial instruments
    
5,961
      
5,961
      
-
      
5,961
      
-
  

(1)
Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $576.421 million and $562.210 million at March 31, 2022 and December 31, 2021, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $28.911 million and $24.416 million at March 31, 2022 and December 31, 2021, respectively.