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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Financial Instruments Measured at Fair Value on a Recurring and Nonrecurring Basis The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2020.
($ in thousands)  
Description of Financial InstrumentsFair Value at December 31,
2020		Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Recurring    
Securities available for sale:
    
Government-sponsored enterprise securities
$70,206 — 70,206 — 
Mortgage-backed securities
1,337,706 — 1,337,706 — 
Corporate bonds
45,220 — 45,220 — 
Total available for sale securities
$1,453,132 — 1,453,132 — 
Presold mortgages in process of settlement$42,271 42,271 — — 
Nonrecurring
Impaired loans
$22,142 — — 22,142 
Foreclosed real estate
1,484 — — 1,484 
The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2019.
($ in thousands)  
Description of Financial InstrumentsFair Value at December 31,
2019		Quoted Prices in
Active Markets
for Identical
Assets (Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Recurring    
Securities available for sale:
    
Government-sponsored enterprise securities
$20,009 — 20,009 — 
Mortgage-backed securities
767,285 — 767,285 — 
Corporate bonds
34,651 — 34,651 — 
Total available for sale securities
$821,945 — 821,945 — 
Presold mortgages in process of settlement$19,712 19,712 — — 
Nonrecurring
Impaired loans
$16,215 — — 16,215 
Foreclosed real estate
1,830 — — 1,830 
Schedule of Significant Unobservable Inputs
For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows:
($ in thousands)  
DescriptionFair Value at December 31,
2020		Valuation
Technique		Significant Unobservable
Inputs		Range (Weighted Average)
Impaired loans - valued at collateral value $16,000 Appraised valueDiscounts applied for estimated costs to sell10%
Impaired loans - valued at PV of expected cash flows$6,142 PV of expected cash flowsDiscount rates used in the calculation of PV of expected cash flows4-11% (6.21%)
Foreclosed real estate1,484 Appraised valueDiscounts for estimated costs to sell10%

For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2019, the significant unobservable inputs used in the fair value measurements were as follows:
($ in thousands)  
DescriptionFair Value at December 31,
2019		Valuation
Technique		Significant Unobservable
Inputs		Range (Weighted Average)
Impaired loans - valued at collateral value$10,718 Appraised valueDiscounts applied for estimated costs to sell10%
Impaired loans - valued at PV of expected cash flows$5,497 PV of expected cash flowsDiscount rates used in the calculation of PV of expected cash flows4-11% (6.50%)
Foreclosed real estate1,830 Appraised valueDiscounts for estimated costs to sell10%
Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments not carried at fair value as of December 31, 2020 and 2019 are as follows:
 December 31, 2020December 31, 2019
 
($ in thousands)		Level in
Fair Value
Hierarchy		Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value
Cash and due from banks, noninterest-bearing
Level 1$93,724 93,724 64,519 64,519 
Due from banks, interest-bearing
Level 1273,566 273,566 166,783 166,783 
Securities held to maturity
Level 2167,551 170,734 67,932 68,333 
    SBA loans held for saleLevel 26,077 7,465 — — 
Total loans, net of allowance
Level 34,678,927 4,661,197 4,432,068 4,407,610 
Accrued interest receivable
Level 120,272 20,272 16,648 16,648 
Bank-owned life insurance
Level 1106,974 106,974 104,441 104,441 
SBA servicing assetLevel 35,788 6,569 5,383 5,649 
Deposits
Level 26,273,596 6,275,329 4,931,355 4,930,751 
Borrowings
Level 261,829 53,321 300,671 295,399 
Accrued interest payable
Level 2904 904 2,154 2,154