Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Estimated Fair Values of Financial Instruments

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

	September 30, 2022
	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	$	109,659	$	109,659	$	—	$	—
Interest–earning time deposits	2,814		—		2,785		—
Investment securities, held to maturity	2,031,536		—		1,640,589		—
Loans held for sale	1,852		—		—		1,852
Loans (excluding loan level hedges), net	3,960,846		—		—		3,737,561
Stock in FHLB	26,677		—		26,677		—
Interest receivable	30,096		—		30,096		—
Mortgage servicing rights	18,704		—		—		18,704
Liabilities
Non–interest bearing deposits	$	1,315,155	$	1,315,155	$	—	$	—
Interest bearing deposits	4,515,683		—		4,033,706		—
Borrowings	1,048,091		—		1,044,117		—
Subordinated notes	58,860		—		65,146		—
Junior subordinated debentures issued to capital trusts	56,966		—		63,599		—
Interest payable	1,961		—		1,961		—

	December 31, 2021
	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	$	593,508	$	593,508	$	—	$	—
Interest–earning time deposits	4,782		—		4,861		—
Investment securities, held to maturity	1,552,443		—		1,513,520		46,471
Loans held for sale	12,579		—		—		12,579
Loans (excluding loan level hedges), net	3,590,331		—		—		3,479,958
Stock in FHLB	24,440		—		24,440		—
Interest receivable	26,137		—		26,137		—
Mortgage servicing rights	15,186		—		—		15,186
Liabilities
Non–interest bearing deposits	$	1,360,338	$	1,360,338	$	—	$	—
Interest bearing deposits	4,442,653		—		4,369,011		—
Borrowings	712,739		—		708,275		—
Subordinated notes	58,750		—		57,906		—
Junior subordinated debentures issued to capital trusts	56,785		—		53,420		—
Interest payable	2,235		—		2,235		—