XML 57 R47.htm IDEA: XBRL DOCUMENT v3.23.2
FAIR VALUES OF FINANCIAL INSTRUMENTS - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Financial assets    
Cash and cash equivalents $ 283,729 $ 228,896
Securities held-to-maturity 267,045 262,460
Securities available-for-sale 922,091 868,297
Federal Home Loan Bank and other bank stock 60,281 57,092
Loans receivable, net of allowance for credit losses 6,578,187 6,526,916
Accrued interest receivable 35,821 37,942
Interest rate swaps and foreign exchange contracts 2,199 2,292
Financial liabilities    
Deposits 6,859,721 7,107,357
Advances from Federal Home Loan Bank and Federal Reserve Bank borrowings 1,116,711 699,730
Long-term debt 256,378 269,673
Cash flow hedges 454  
Interest rate swaps and foreign exchange contracts 2,172 2,251
Accrued interest payable 14,791 7,004
Fair value Measurement Level 1    
Financial assets    
Cash and cash equivalents 283,729 228,896
Securities held-to-maturity 0 0
Securities available-for-sale 0 0
Federal Home Loan Bank and other bank stock 0 0
Loans receivable, net of allowance for credit losses 0 0
Accrued interest receivable 35,821 37,942
Interest rate swaps and foreign exchange contracts 0 0
Financial liabilities    
Deposits 5,217,484 5,931,500
Advances from Federal Home Loan Bank and Federal Reserve Bank borrowings 0 0
Long-term debt 0 0
Cash flow hedges  
Interest rate swaps and foreign exchange contracts 0 0
Accrued interest payable 14,791 7,004
Fair value Measurement Level 2    
Financial assets    
Cash and cash equivalents 0 0
Securities held-to-maturity 267,045 262,460
Securities available-for-sale 922,091 868,297
Federal Home Loan Bank and other bank stock 60,281 57,092
Loans receivable, net of allowance for credit losses 0 0
Accrued interest receivable 0 0
Interest rate swaps and foreign exchange contracts 2,199 2,292
Financial liabilities    
Deposits 1,642,237 1,175,857
Advances from Federal Home Loan Bank and Federal Reserve Bank borrowings 1,116,711 699,730
Long-term debt 256,378 269,673
Cash flow hedges 454  
Interest rate swaps and foreign exchange contracts 2,172 2,251
Accrued interest payable 0 0
Fair value Measurement Level 3    
Financial assets    
Cash and cash equivalents 0 0
Securities held-to-maturity 0 0
Securities available-for-sale 0 0
Federal Home Loan Bank and other bank stock 0 0
Loans receivable, net of allowance for credit losses 6,578,187 6,526,916
Accrued interest receivable 0 0
Interest rate swaps and foreign exchange contracts 0 0
Financial liabilities    
Deposits 0 0
Advances from Federal Home Loan Bank and Federal Reserve Bank borrowings 0 0
Long-term debt 0 0
Cash flow hedges  
Interest rate swaps and foreign exchange contracts 0 0
Accrued interest payable 0 0
Carrying Value    
Financial assets    
Cash and cash equivalents 283,729 228,896
Securities held-to-maturity 328,405 328,641
Securities available-for-sale 922,091 868,297
Federal Home Loan Bank and other bank stock 60,281 57,092
Loans receivable, net of allowance for credit losses 7,075,323 7,029,078
Accrued interest receivable 35,821 37,942
Interest rate swaps and foreign exchange contracts 2,199 2,292
Financial liabilities    
Deposits 6,871,076 7,120,921
Advances from Federal Home Loan Bank and Federal Reserve Bank borrowings 1,147,997 727,348
Long-term debt 274,121 274,906
Cash flow hedges 454  
Interest rate swaps and foreign exchange contracts 2,172 2,251
Accrued interest payable $ 14,791 $ 7,004