XML 52 R43.htm IDEA: XBRL DOCUMENT
v3.23.2

Fair Value of Financial Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Fair Value Measurements |
Fair Value of Financial Instruments | The fair value of financial instruments at June 30, 2023 and December 31, 2022 are set forth below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Level in fair value |  | June 30, 2023 |  | December 31, 2022
​ | ​ | measurement | ​ | Carrying | ​ | Estimated | ​ | Carrying | ​ | Estimated
​ | ​ | hierarchy | ​ | amount |  | fair value |  | amount |  | fair value
ASSETS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents |  | Level 1 | ​ | $ | 323,832 | ​ | $ | 323,832 | ​ | $ | 195,505 | ​ | $ | 195,505
U.S. Treasury securities - AFS | ​ | Level 1 | ​ | ​ | 71,575 | ​ | ​ | 71,575 | ​ | ​ | 71,388 | ​ | ​ | 71,388
U.S. Treasury securities - HTM | ​ | Level 1 | ​ | ​ | 49,189 | ​ | ​ | 47,444 | ​ | ​ | 49,045 | ​ | ​ | 47,629
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale |  | Level 2 | ​ |  | 211,205 | ​ |  | 211,205 | ​ |  | 226,131 | ​ |  | 226,131
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises available-for-sale |  | Level 2 | ​ |  | 373,780 | ​ |  | 373,780 | ​ |  | 405,926 | ​ |  | 405,926
Municipal securities available-for-sale | ​ | Level 2 | ​ | ​ | 153 | ​ | ​ | 153 | ​ | ​ | 153 | ​ | ​ | 153
Corporate debt | ​ | Level 2 | ​ | ​ | 1,841 | ​ | ​ | 1,841 | ​ | ​ | 1,920 | ​ | ​ | 1,920
Other available-for-sale securities |  | Level 3 | ​ |  | 793 | ​ |  | 793 | ​ |  | 771 | ​ |  | 771
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity |  | Level 2 | ​ |  | 320,623 | ​ |  | 280,617 | ​ |  | 339,815 | ​ |  | 298,816
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored enterprises held-to-maturity |  | Level 2 | ​ |  | 249,588 | ​ |  | 199,529 | ​ |  | 262,667 | ​ |  | 213,479
FHLB and FRB stock | ​ | Level 2 | ​ | ​ | 41,434 | ​ | ​ | 41,434 | ​ | ​ | 38,390 | ​ | ​ | 38,390
Loans receivable |  | Level 3 | ​ |  | 7,414,357 | ​ |  | 7,075,463 | ​ |  | 7,220,469 | ​ |  | 6,964,107
Loans held for sale |  | Level 2 | ​ |  | 25,172 | ​ |  | 25,172 | ​ |  | 22,767 | ​ |  | 22,767
Accrued interest receivable |  | Level 2 | ​ |  | 36,159 | ​ |  | 36,159 | ​ |  | 34,587 | ​ |  | 34,587
Interest rate swap derivatives |  | Level 2 | ​ |  | 44,061 | ​ |  | 44,061 | ​ |  | 45,046 | ​ |  | 45,046
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 394 | ​ | ​ | 394 | ​ | ​ | 407 | ​ | ​ | 407
LIABILITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposit transaction accounts |  | Level 2 | ​ |  | 7,136,589 | ​ |  | 7,136,589 | ​ |  | 6,999,226 | ​ |  | 6,999,226
Time deposits |  | Level 2 | ​ |  | 984,269 | ​ |  | 967,453 | ​ |  | 873,400 | ​ |  | 845,688
Securities sold under agreements to repurchase |  | Level 2 | ​ |  | 21,422 | ​ |  | 21,422 | ​ |  | 20,214 | ​ |  | 20,214
Long-term debt | ​ | Level 2 | ​ | ​ | 55,000 | ​ | ​ | 50,972 | ​ | ​ | 55,000 | ​ | ​ | 52,430
Federal Home Loan Bank advances |  | Level 2 | ​ |  | 385,000 | ​ |  | 385,000 | ​ |  | 385,000 | ​ |  | 385,000
Accrued interest payable |  | Level 2 | ​ |  | 9,131 | ​ |  | 9,131 | ​ |  | 3,201 | ​ |  | 3,201
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 12,829 | ​ | ​ | 12,829 | ​ |  | 12,589 | ​ |  | 12,589
Mortgage banking derivatives |  | Level 3 | ​ |  | 133 | ​ |  | 133 | ​ | ​ | 278 | ​ | ​ | 278

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration