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v3.23.2

FAIR VALUES OF FINANCIAL INSTRUMENTS - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Assets: |  |
Cash and due from banks | $ 108,975 | $ 122,594
Interest-bearing deposits | 219,480 | 126,061
Investment securities available for sale | 1,651,362 | 1,976,661
Investment securities held to maturity | 1,880,683 | 1,907,865
Loans held for sale | 27,297 | 9,094
Loans, net | 11,576,563 | 11,156,217
Federal Home Loan Bank stock | 41,842 | 38,525
Derivative assets | 92,753 | 93,036
Interest receivable | 89,784 | 85,070
Liabilities: |  |
Deposits | 14,558,160 | 14,356,953
Borrowings: |  |
Federal funds purchased |  | 171,560
Securities sold under repurchase agreements | 152,456 | 167,396
Federal Home Loan Bank advances | 713,622 | 615,211
Subordinated debentures and other borrowings | 121,616 | 122,102
Derivative liabilities | 92,219 | 92,770
Interest payable | 13,595 | 7,530
Quoted Prices in Active Markets for Identical Assets (Level 1) |  |
Assets: |  |
Cash and due from banks | 108,975 | 122,594
Interest-bearing deposits | 219,480 | 126,061
Investment securities available for sale | 2,091 | 2,459
Investment securities held to maturity | 0 | 0
Loans held for sale | 0 | 0
Loans, net | 0 | 0
Federal Home Loan Bank stock | 0 | 0
Derivative assets | 0 | 0
Interest receivable | 0 | 0
Liabilities: |  |
Deposits | 12,575,711 | 13,105,936
Borrowings: |  |
Federal funds purchased |  | 0
Securities sold under repurchase agreements | 0 | 0
Federal Home Loan Bank advances | 0 | 0
Subordinated debentures and other borrowings | 0 | 0
Derivative liabilities | 0 | 0
Interest payable | 0 | 0
Significant Other Observable Inputs (Level 2) |  |
Assets: |  |
Cash and due from banks | 0 | 0
Interest-bearing deposits | 0 | 0
Investment securities available for sale | 1,645,923 | 1,970,763
Investment securities held to maturity | 1,868,970 | 1,893,271
Loans held for sale | 27,297 | 9,094
Loans, net | 0 | 0
Federal Home Loan Bank stock | 41,842 | 38,525
Derivative assets | 92,753 | 93,036
Interest receivable | 89,784 | 85,070
Liabilities: |  |
Deposits | 1,982,449 | 1,251,017
Borrowings: |  |
Federal funds purchased |  | 171,560
Securities sold under repurchase agreements | 152,456 | 167,396
Federal Home Loan Bank advances | 713,622 | 615,211
Subordinated debentures and other borrowings | 121,616 | 122,102
Derivative liabilities | 92,219 | 92,770
Interest payable | 13,595 | 7,530
Significant Unobservable Inputs (Level 3) |  |
Assets: |  |
Cash and due from banks | 0 | 0
Interest-bearing deposits | 0 | 0
Investment securities available for sale | 3,348 | 3,439
Investment securities held to maturity | 11,713 | 14,594
Loans held for sale | 0 | 0
Loans, net | 11,576,563 | 11,156,217
Federal Home Loan Bank stock | 0 | 0
Derivative assets | 0 | 0
Interest receivable | 0 | 0
Liabilities: |  |
Deposits | 0 | 0
Borrowings: |  |
Federal funds purchased |  | 0
Securities sold under repurchase agreements | 0 | 0
Federal Home Loan Bank advances | 0 | 0
Subordinated debentures and other borrowings | 0 | 0
Derivative liabilities | 0 | 0
Interest payable | 0 | 0
Carrying Amount |  |
Assets: |  |
Cash and due from banks | 108,975 | 122,594
Interest-bearing deposits | 219,480 | 126,061
Investment securities available for sale | 1,651,362 | 1,976,661
Investment securities held to maturity | 2,240,129 | 2,287,127
Loans held for sale | 27,297 | 9,094
Loans, net | 12,049,086 | 11,780,617
Federal Home Loan Bank stock | 41,842 | 38,525
Derivative assets | 92,753 | 93,036
Interest receivable | 89,784 | 85,070
Liabilities: |  |
Deposits | 14,581,155 | 14,382,745
Borrowings: |  |
Federal funds purchased |  | 171,560
Securities sold under repurchase agreements | 152,742 | 167,413
Federal Home Loan Bank advances | 723,480 | 823,674
Subordinated debentures and other borrowings | 151,325 | 151,298
Derivative liabilities | 92,219 | 92,770
Interest payable | $ 13,595 | $ 7,530

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