Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Summary of Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall.

	December 31, 2020
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	$	249,711	$	249,711	$	—	$	—
Interest–earning time deposits	8,965		—		9,136		—
Investment securities, held to maturity	168,676		—		179,990		—
Loans held for sale	13,538		—		—		13,538
Loans (excluding loan level hedges), net	3,810,356		—		—		3,767,348
Stock in FHLB	23,023		—		23,023		—
Interest receivable	21,396		—		21,396		—
Liabilities
Non–interest bearing deposits	$	1,053,242	$	1,053,242	$	—	$	—
Interest bearing deposits	3,477,891		—		3,466,522		—
Borrowings	475,000		—		483,245		—
Subordinated notes	58,603		—		57,626		—
Junior subordinated debentures issued to capital trusts	56,548		—		52,676		—
Interest payable	2,712		—		2,712		—

	December 31, 2019
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	$	98,831	$	98,831	$	—	$	—
Interest–earning time deposits	8,455		—		8,537		—
Investment securities, held to maturity	207,899		—		215,147		—
Loans held for sale	4,088		—		—		4,088
Loans (excluding loan level hedges), net	3,619,174		—		—		3,554,951
Stock in FHLB	22,447		—		22,447		—
Interest receivable	18,828		—		18,828		—
Liabilities
Non–interest bearing deposits	$	709,760	$	709,760	$	—	$	—
Interest bearing deposits	3,221,242		—		3,180,768		—
Borrowings	549,741		—		546,995		—
Junior subordinated debentures issued to capital trusts	56,311		—		51,809		—
Interest payable	3,062		—		3,062		—