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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis Segregated by the Level of the Valuation Inputs Within the Fair Value Hierarchy Utilized to Measure Fair Value | The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value.
| September 30, 2022
| Level 1 |  | Level 2 |  | Level 3 |  | Total
(In thousands) | Inputs |  | Inputs |  | Inputs |  | Fair Value
Trading security | $ | — |  |  | $ | — |  |  | $ | 6,812 |  |  | $ | 6,812 |
Securities available for sale: |  |  |  |  |  |  |
U.S Treasuries | — |  |  | 20,000 |  |  | — |  |  | 20,000 |
Municipal bonds and obligations | — |  |  | 60,566 |  |  | — |  |  | 60,566 |
Agency collateralized mortgage obligations | — |  |  | 557,513 |  |  | — |  |  | 557,513 |
Agency residential mortgage-backed securities | — |  |  | 553,737 |  |  | — |  |  | 553,737 |
Agency commercial mortgage-backed securities | — |  |  | 235,576 |  |  | — |  |  | 235,576 |
Corporate bonds | — |  |  | 38,981 |  |  | 3,920 |  |  | 42,901 |
Other bonds and obligations | — |  |  | 656 |  |  | — |  |  | 656 |
Marketable equity securities | 12,790 |  |  | — |  |  | — |  |  | 12,790 |
Loans held for investment at fair value | — |  |  | — |  |  | 796 |  |  | 796 |
Loans held for sale | — |  |  | 550 |  |  | — |  |  | 550 |
Derivative assets | — |  |  | 52,997 |  |  | 22 |  |  | 53,019 |
Capitalized servicing rights | — |  |  | — |  |  | 2,026 |  |  | 2,026 |
Derivative liabilities | — |  |  | 101,745 |  |  | — |  |  | 101,745 |
| December 31, 2021
| Level 1 |  | Level 2 |  | Level 3 |  | Total
(In thousands) | Inputs |  | Inputs |  | Inputs |  | Fair Value
Trading security | $ | — |  |  | $ | — |  |  | $ | 8,354 |  |  | $ | 8,354 |
Securities available for sale: |  |  |  |  |  |  |
U.S Treasuries | — |  |  | 59,973 |  |  | — |  |  | 59,973 |
Municipal bonds and obligations | — |  |  | 77,177 |  |  | — |  |  | 77,177 |
Agency collateralized mortgage obligations | — |  |  | 688,336 |  |  | — |  |  | 688,336 |
Agency residential mortgage-backed securities | — |  |  | 705,859 |  |  | — |  |  | 705,859 |
Agency commercial mortgage-backed securities | — |  |  | 300,580 |  |  | — |  |  | 300,580 |
Corporate bonds | — |  |  | 41,630 |  |  | 4,030 |  |  | 45,660 |
Marketable equity securities | 14,798 |  |  | 655 |  |  | — |  |  | 15,453 |
Loans held for investment at fair value | — |  |  | — |  |  | 1,200 |  |  | 1,200 |
Loans held for sale | — |  |  | 6,110 |  |  | — |  |  | 6,110 |
Derivative assets | — |  |  | 79,270 |  |  | 258 |  |  | 79,528 |
Capitalized servicing rights | — |  |  | — |  |  | 1,966 |  |  | 1,966 |
Derivative liabilities | — |  |  | 35,194 |  |  | — |  |  | 35,194 |
Schedule of Loans Held for Sale |
|  |  |  |  |  | Aggregate Fair Value
September 30, 2022 |  | Aggregate |  | Aggregate |  | Less Aggregate
(In thousands) |  | Fair Value |  | Unpaid Principal |  | Unpaid Principal
Loans held for investment at fair value |  | $ | 796 |  |  | $ | 13,371 |  |  | $ | (12,575) |
|  |  |  |  |  | Aggregate Fair Value
December 31, 2021 |  | Aggregate |  | Aggregate |  | Less Aggregate
(In thousands) |  | Fair Value |  | Unpaid Principal |  | Unpaid Principal
Loans held for investment at fair value |  | $ | 1,200 |  |  | $ | 31,430 |  |  | $ | (30,230) |
Loans Held for Sale. The Company elected the fair value option for all loans held for sale (HFS) originated for sale on or after May 1, 2012. Loans HFS are classified as Level 2 as the fair value is based on input factors such as quoted prices for similar loans in active markets.
|  |  |  |  |  | Aggregate Fair Value
September 30, 2022 |  | Aggregate |  | Aggregate |  | Less Aggregate
(In thousands) |  | Fair Value |  | Unpaid Principal |  | Unpaid Principal
Loans held for sale |  | $ | 550 |  |  | $ | 539 |  |  | $ | 11 |
|  |  |  |  |  | Aggregate Fair Value
December 31, 2021 |  | Aggregate |  | Aggregate |  | Less Aggregate
(In thousands) |  | Fair Value |  | Unpaid Principal |  | Unpaid Principal
Loans held for sale |  | $ | 6,110 |  |  | $ | 5,926 |  |  | $ | 184 |
Schedule of Changes in Level 3 Assets That Were Measured at Fair Value on a Recurring Basis | The table below presents the changes in Level 3 assets and liabilities that were measured at fair value on a recurring basis for the three and nine months ended September 30, 2022 and 2021.
| Assets (Liabilities)
|  |  | Securities |  | Loans |  |  |  |  |  | Capitalized
| Trading |  | Available |  | Held for |  | Commitments |  | Forward |  | Servicing
(In thousands) | Security |  | for Sale |  | Investment |  | to Lend |  | Commitments |  | Rights
Three Months Ended September 30, 2022
June 30, 2022 | $ | 7,040 |  |  | $ | 4,020 |  |  | $ | 1,049 |  |  | $ | 26 |  |  | $ | 18 |  |  | $ | 1,906 |
Unrealized (loss)/gain, net recognized in other non-interest income | (23) |  |  | — |  |  | (6) |  |  | 41 |  |  | (11) |  |  | 120 |
Unrealized gain included in accumulated other comprehensive income | — |  |  | (100) |  |  | — |  |  | — |  |  | — |  |  | — |
Paydown of asset | (205) |  |  | — |  |  | (247) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (52) |  |  | — |  |  | — |
September 30, 2022 | $ | 6,812 |  |  | $ | 3,920 |  |  | $ | 796 |  |  | $ | 15 |  |  | $ | 7 |  |  | $ | 2,026 |
Nine Months Ended September 30, 2022
December 31, 2021 | $ | 8,354 |  |  | $ | 4,030 |  |  | $ | 1,200 |  |  | $ | 124 |  |  | $ | 134 |  |  | $ | 1,966 |
Unrealized (loss)/gain, net recognized in other non-interest income | (933) |  |  | — |  |  | 462 |  |  | 171 |  |  | (127) |  |  | 60 |
Unrealized (loss) included in accumulated other comprehensive income | — |  |  | (110) |  |  | — |  |  | — |  |  | — |  |  | — |
Paydown of asset | (609) |  |  | — |  |  | (866) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (280) |  |  | — |  |  | — |
September 30, 2022 | $ | 6,812 |  |  | $ | 3,920 |  |  | $ | 796 |  |  | $ | 15 |  |  | $ | 7 |  |  | $ | 2,026 |
Unrealized gain relating to instruments still held at September 30, 2022 | $ | (459) |  |  | $ | (80) |  |  | $ | — |  |  | $ | 26 |  |  | $ | 18 |  |  | $ | — |
|  |  | Securities |  | Loans |  |  |  |  |  | Capitalized
| Trading |  | Available |  | Held for |  | Commitments |  | Forward |  | Servicing
(In thousands) | Security |  | for Sale |  | Investment |  | to Lend |  | Commitments |  | Rights
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |
June 30, 2021 | $ | 8,853 |  |  | $ | — |  |  | $ | 1,260 |  |  | $ | 261 |  |  | $ | 92 |  |  | $ | 2,356 |
Unrealized (loss)/gain, net recognized in other non-interest income | (85) |  |  | — |  |  | 509 |  |  | 440 |  |  | 10 |  |  | (210) |
Paydown of asset | (194) |  |  | — |  |  | (731) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (479) |  |  | — |  |  | — |
September 30, 2021 | $ | 8,574 |  |  | $ | — |  |  | $ | 1,038 |  |  | $ | 222 |  |  | $ | 102 |  |  | $ | 2,146 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 | $ | 9,708 |  |  | $ | 15,000 |  |  | $ | 2,265 |  |  | $ | 735 |  |  | $ | 320 |  |  | $ | 3,033 |
Maturity of AFS security | — |  |  | (15,000) |  |  | — |  |  | — |  |  | — |  |  | — |
Unrealized (loss)/gain, net recognized in other non-interest income | (556) |  |  | — |  |  | 1,110 |  |  | 1,688 |  |  | (218) |  |  | (887) |
Paydown of asset | (578) |  |  | — |  |  | (2,337) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (2,201) |  |  | — |  |  | — |
September 30, 2021 | $ | 8,574 |  |  | $ | — |  |  | $ | 1,038 |  |  | $ | 222 |  |  | $ | 102 |  |  | $ | 2,146 |
Unrealized gains relating to instruments still held at September 30,2021 | $ | 497 |  |  | $ | — |  |  | $ | — |  |  | $ | 222 |  |  | $ | 102 |  |  | $ | — |
Schedule of Changes in Level 3 Liabilities That Were Measured at Fair Value on a Recurring Basis | The table below presents the changes in Level 3 assets and liabilities that were measured at fair value on a recurring basis for the three and nine months ended September 30, 2022 and 2021.
| Assets (Liabilities)
|  |  | Securities |  | Loans |  |  |  |  |  | Capitalized
| Trading |  | Available |  | Held for |  | Commitments |  | Forward |  | Servicing
(In thousands) | Security |  | for Sale |  | Investment |  | to Lend |  | Commitments |  | Rights
Three Months Ended September 30, 2022
June 30, 2022 | $ | 7,040 |  |  | $ | 4,020 |  |  | $ | 1,049 |  |  | $ | 26 |  |  | $ | 18 |  |  | $ | 1,906 |
Unrealized (loss)/gain, net recognized in other non-interest income | (23) |  |  | — |  |  | (6) |  |  | 41 |  |  | (11) |  |  | 120 |
Unrealized gain included in accumulated other comprehensive income | — |  |  | (100) |  |  | — |  |  | — |  |  | — |  |  | — |
Paydown of asset | (205) |  |  | — |  |  | (247) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (52) |  |  | — |  |  | — |
September 30, 2022 | $ | 6,812 |  |  | $ | 3,920 |  |  | $ | 796 |  |  | $ | 15 |  |  | $ | 7 |  |  | $ | 2,026 |
Nine Months Ended September 30, 2022
December 31, 2021 | $ | 8,354 |  |  | $ | 4,030 |  |  | $ | 1,200 |  |  | $ | 124 |  |  | $ | 134 |  |  | $ | 1,966 |
Unrealized (loss)/gain, net recognized in other non-interest income | (933) |  |  | — |  |  | 462 |  |  | 171 |  |  | (127) |  |  | 60 |
Unrealized (loss) included in accumulated other comprehensive income | — |  |  | (110) |  |  | — |  |  | — |  |  | — |  |  | — |
Paydown of asset | (609) |  |  | — |  |  | (866) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (280) |  |  | — |  |  | — |
September 30, 2022 | $ | 6,812 |  |  | $ | 3,920 |  |  | $ | 796 |  |  | $ | 15 |  |  | $ | 7 |  |  | $ | 2,026 |
Unrealized gain relating to instruments still held at September 30, 2022 | $ | (459) |  |  | $ | (80) |  |  | $ | — |  |  | $ | 26 |  |  | $ | 18 |  |  | $ | — |
|  |  | Securities |  | Loans |  |  |  |  |  | Capitalized
| Trading |  | Available |  | Held for |  | Commitments |  | Forward |  | Servicing
(In thousands) | Security |  | for Sale |  | Investment |  | to Lend |  | Commitments |  | Rights
Three Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |
June 30, 2021 | $ | 8,853 |  |  | $ | — |  |  | $ | 1,260 |  |  | $ | 261 |  |  | $ | 92 |  |  | $ | 2,356 |
Unrealized (loss)/gain, net recognized in other non-interest income | (85) |  |  | — |  |  | 509 |  |  | 440 |  |  | 10 |  |  | (210) |
Paydown of asset | (194) |  |  | — |  |  | (731) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (479) |  |  | — |  |  | — |
September 30, 2021 | $ | 8,574 |  |  | $ | — |  |  | $ | 1,038 |  |  | $ | 222 |  |  | $ | 102 |  |  | $ | 2,146 |
Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 | $ | 9,708 |  |  | $ | 15,000 |  |  | $ | 2,265 |  |  | $ | 735 |  |  | $ | 320 |  |  | $ | 3,033 |
Maturity of AFS security | — |  |  | (15,000) |  |  | — |  |  | — |  |  | — |  |  | — |
Unrealized (loss)/gain, net recognized in other non-interest income | (556) |  |  | — |  |  | 1,110 |  |  | 1,688 |  |  | (218) |  |  | (887) |
Paydown of asset | (578) |  |  | — |  |  | (2,337) |  |  | — |  |  | — |  |  | — |
Transfers to held for sale loans | — |  |  | — |  |  | — |  |  | (2,201) |  |  | — |  |  | — |
September 30, 2021 | $ | 8,574 |  |  | $ | — |  |  | $ | 1,038 |  |  | $ | 222 |  |  | $ | 102 |  |  | $ | 2,146 |
Unrealized gains relating to instruments still held at September 30,2021 | $ | 497 |  |  | $ | — |  |  | $ | — |  |  | $ | 222 |  |  | $ | 102 |  |  | $ | — |
Schedule of Quantitative Information About the Significant Unobservable Inputs Within Level 3 | Quantitative information about the significant unobservable inputs within Level 3 recurring assets and liabilities is as follows:
|  | Fair Value |  |  |  |  |  | Significant Unobservable Input
(In thousands) |  | September 30, 2022 |  | Valuation Techniques |  | Unobservable Inputs |  | Value
Assets (Liabilities) |  |  |  |  |  |  |  |
Trading security |  | $ | 6,812 |  |  | Discounted Cash Flow |  | Discount Rate |  | 6.38 | %
AFS Securities |  | 3,920 |  |  | Indication from Market Maker |  | Price |  | 98.00%
Loans held for investment |  | 1,049 |  |  | Discounted Cash Flow |  | Discount Rate |  | 25.00 | %
|  |  |  |  |  | Collateral Value |  | $— - $20.7
Commitments to lend |  | 15 |  |  | Historical Trend |  | Closing Ratio |  | 83.95 | %
|  |  |  | Pricing Model |  | Origination Costs, per loan |  | $ | 3 |
Forward commitments |  | 7 |  |  | Historical Trend |  | Closing Ratio |  | 83.95 | %
|  |  |  | Pricing Model |  | Origination Costs, per loan |  | $ | 3 |
Capitalized servicing rights |  | 2,026 |  |  | Discounted cash flow |  | Constant Prepayment Rate (CPR) |  | 12.48 | %
|  |  |  |  |  | Discount Rate |  | 9.55 | %
Total |  | $ | 13,829 |  |  |  |  |  |  |
|  | Fair Value |  |  |  |  |  | Significant Unobservable Input
(In thousands) |  | December 31, 2021 |  | Valuation Techniques |  | Unobservable Inputs |  | Value
Assets (Liabilities) |  |  |  |  |  |  |  |
Trading security |  | $ | 8,354 |  |  | Discounted Cash Flow |  | Discount Rate |  | 3.35 | %
AFS Securities |  | 4,030 |  |  | Indication from Market Maker |  | Price |  | 101.00 | %
Loans held for investment |  | 1,200 |  |  | Discounted Cash Flow |  | Discount Rate |  | 25.00 | %
|  |  |  |  |  | Collateral Value |  | $6.3- $19.8
Commitments to lend |  | 124 |  |  | Historical Trend |  | Closing Ratio |  | 82.09 | %
|  |  |  | Pricing Model |  | Origination Costs, per loan |  | $ | 3 |
Forward commitments |  | 134 |  |  | Historical Trend |  | Closing Ratio |  | 82.09 | %
|  |  |  | Pricing Model |  | Origination Costs, per loan |  | $ | 3 |
Capitalized servicing rights |  | 1,966 |  |  | Discounted Cash Flow |  | Constant Prepayment Rate (CPR) |  | 19.41 | %
|  |  |  |  |  | Discount Rate |  | 9.50 | %
Total |  | $ | 15,808 |  |  |  |  |  |  |
The following is a summary of applicable non-recurring fair value measurements. There are no liabilities measured at fair value on a non-recurring basis.
|  | September 30, 2022 |  | December 31, 2021 |  |  |  |  |  | Fair Value Measurement Date as of September 30, 2022
|  | Level 3 |  | Level 3 |  |  |  |  |  | Level 3
(In thousands) |  | Inputs |  | Inputs |  |  |  |  |  | Inputs
Assets |  |  |  |  |  |  |  |  |  |
Individually evaluated |  | $ | 2,944 |  |  | $ | 12,482 |  |  |  |  |  |  | September 2022
Loans held for sale |  | 3,574 |  |  | — |  |  |  |  |  |  | September 2022
Capitalized servicing rights |  | 11,793 |  |  | 14,056 |  |  |  |  |  |  | September 2022
Total |  | $ | 18,311 |  |  | $ | 26,538 |  |  |  |  |  |  |
Summary of Applicable Non-Recurring Fair Value Measurements | Quantitative information about the significant unobservable inputs within Level 3 non-recurring assets is as follows:
|  | Fair Value |  |  |  |  |  |
(In thousands) |  | September 30, 2022 |  | Valuation Techniques |  | Unobservable Inputs |  | Range (Weighted Average) (1)
Assets |  |  |  |  |  |  |  |
Individually evaluated |  | $ | 2,944 |  |  | Fair Value of Collateral |  | Discounted Cash Flow - Loss Severity |  | (100.00)% to 26.42% ((49.76)%)
|  |  |  |  |  | Appraised Value |  | $0 to $608 ($-501)
Loans held for sale |  | 3,574 |  |  | Fair Value of Collateral |  | Appraised Value |  | $3,574
Capitalized servicing rights |  | 11,793 |  |  | Discounted Cash Flow |  | Constant Prepayment Rate (CPR) |  | 5.99% to 13.52% (11.28%)
|  |  |  |  |  | Discount Rate |  | 9.16% to 16.13% (13.32%)
Total |  | $ | 18,311 |  |  |  |  |  |  |
(1) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.
|  | Fair Value |  |  |  |  |  |
(In thousands) |  | December 31, 2021 |  | Valuation Techniques |  | Unobservable Inputs |  | Range (Weighted Average) (1)
Assets |  |  |  |  |  |  |  |
Individually evaluated |  | $ | 12,482 |  |  | Fair Value of Collateral |  | Discounted Cash Flow - loss severity |  | (35.96)% to 133.09% ((49.14)%)
|  |  |  |  |  | Appraised Value |  | $0 to $405 ($256)
Capitalized servicing rights |  | 14,056 |  |  | Discounted Cash Flow |  | Constant Prepayment Rate (CPR) |  | 6.24% to 17.73% (13.29%)
|  |  |  |  |  | Discount Rate |  | 9.59% to 13.11% (11.97%)
Total |  | $ | 26,538 |  |  |  |  |  |  |
(1) Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individuals properties.
Summary of Estimated Fair Values, and Related Carrying Amounts, of Financial Instruments | The following tables summarize the estimated fair values (represents exit price), and related carrying amounts, of the Company’s financial instruments. Certain financial instruments and all non-financial instruments are excluded. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.
|  | September 30, 2022
|  | Carrying |  | Fair |  |  |  |  |  |
(In thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 694,913 |  |  | $ | 694,913 |  |  | $ | 694,913 |  |  | $ | — |  |  | $ | — |
Trading security |  | 6,812 |  |  | 6,812 |  |  | — |  |  | — |  |  | 6,812 |
Marketable equity securities |  | 12,790 |  |  | 12,790 |  |  | 12,790 |  |  | — |  |  | — |
Securities available for sale |  | 1,470,949 |  |  | 1,470,949 |  |  | — |  |  | 1,467,029 |  |  | 3,920 |
Securities held to maturity |  | 592,503 |  |  | 503,262 |  |  | — |  |  | 501,164 |  |  | 2,098 |
FHLB bank stock and restricted securities |  | 7,264 |  |  | N/A |  | N/A |  | N/A |  | N/A
Net loans |  | 7,847,468 |  |  | 7,798,562 |  |  | — |  |  | — |  |  | 7,798,562 |
Loans held for sale |  | 4,124 |  |  | 4,124 |  |  | — |  |  | 550 |  |  | 3,574 |
Accrued interest receivable |  | 40,444 |  |  | 40,444 |  |  | — |  |  | 40,444 |  |  | — |
Derivative assets |  | 53,019 |  |  | 53,019 |  |  | — |  |  | 52,997 |  |  | 22 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |
Total deposits |  | $ | 9,988,121 |  |  | $ | 9,944,085 |  |  | $ | — |  |  | $ | 9,944,085 |  |  | $ | — |
Short-term debt |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Long-term Federal Home Loan Bank advances and other |  | 4,494 |  |  | 2,888 |  |  | — |  |  | 2,888 |  |  | — |
Subordinated borrowings |  | 121,001 |  |  | 110,109 |  |  | — |  |  | 110,109 |  |  | — |
Derivative liabilities |  | 101,745 |  |  | 101,745 |  |  | — |  |  | 101,745 |  |  | — |
|  | December 31, 2021
|  | Carrying |  | Fair |  |  |  |  |  |
(In thousands) |  | Amount |  | Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,627,807 |  |  | $ | 1,627,807 |  |  | $ | 1,627,807 |  |  | $ | — |  |  | $ | — |
Trading security |  | 8,354 |  |  | 8,354 |  |  | — |  |  | — |  |  | 8,354 |
Marketable equity securities |  | 15,453 |  |  | 15,453 |  |  | 14,798 |  |  | 655 |  |  | — |
Securities available for sale and other |  | 1,877,585 |  |  | 1,877,585 |  |  | — |  |  | 1,873,555 |  |  | 4,030 |
Securities held to maturity |  | 636,503 |  |  | 647,236 |  |  | — |  |  | 644,497 |  |  | 2,739 |
FHLB bank stock and restricted securities |  | 10,800 |  |  | N/A |  | N/A |  | N/A |  | N/A
Net loans |  | 6,719,753 |  |  | 6,850,975 |  |  | — |  |  | — |  |  | 6,850,975 |
Loans held for sale |  | 6,110 |  |  | 6,110 |  |  | — |  |  | 6,110 |  |  | — |
Accrued interest receivable |  | 33,534 |  |  | 33,534 |  |  | — |  |  | 33,534 |  |  | — |
Derivative assets |  | 79,528 |  |  | 79,528 |  |  | — |  |  | 79,270 |  |  | 258 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |
Total deposits |  | $ | 10,068,953 |  |  | $ | 10,073,217 |  |  | $ | — |  |  | $ | 10,073,217 |  |  | $ | — |
Short-term debt |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Long-term Federal Home Loan Bank advances |  | 13,331 |  |  | 13,053 |  |  | — |  |  | 13,053 |  |  | — |
Subordinated borrowings |  | 97,513 |  |  | 95,006 |  |  | — |  |  | 95,006 |  |  | — |
Derivative liabilities |  | 35,194 |  |  | 35,194 |  |  | — |  |  | 35,194 |  |  | — |

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