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Fair Values of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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)
 
June 30, 2022
                             
Assets
                             
Cash and due from banks
 
$
56,516
   
$
56,516
   
$
56,516
   
$
-
   
$
-
 
Interest bearing deposits
   
2,970
     
2,970
     
2,970
     
-
     
-
 
Securities available for sale
   
859,704
     
859,704
     
-
     
859,704
     
-
 
Securities held to maturity
    381,608       359,701       -       359,701       -  
Federal Home Loan Bank and Federal
                                       
Reserve Bank Stock
   
17,653
   
NA
   
NA
   
NA
   
NA
 
Net loans and loans held for sale
   
3,242,367
     
2,991,614
     
-
     
31,400
     
2,960,214
 
Accrued interest receivable
   
13,923
     
13,923
     
-
     
6,228
     
7,695
 
Derivative financial instruments
   
27,417
     
27,417
     
-
     
27,417
     
-
 
                                         
Liabilities
                                       
Deposits with no stated maturity (1)
 
$
3,904,324
   
$
3,904,324
   
$
3,904,324
   
$
-
   
$
-
 
Deposits with stated maturity (1)
   
386,250
     
381,095
     
-
     
381,095
     
-
 
Other borrowings
   
25,507
     
25,506
     
-
     
25,506
     
-
 
Subordinated debt
   
39,395
     
42,464
     
-
     
42,464
     
-
 
Subordinated debentures
   
39,626
     
38,034
     
-
     
38,034
     
-
 
Accrued interest payable
   
588
     
588
     
73
     
515
     
-
 
Derivative financial instruments
   
14,997
     
14,997
     
-
     
14,997
     
-
 
                                         
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 $585.376 million and $562.210 million at June 30, 2022 and December 31, 2021, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $29.828 million and $24.416 million at June 30, 2022 and December 31, 2021, respectively.