XML 52 R42.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Measurements  
Tables of Financial Instruments Measured At Fair Value on Recurring Basis

March 31, 2024

Level 1

Level 2

Level 3

Total

Assets:

    

    

    

    

    

    

    

    

Investment securities available-for-sale:

U.S. Treasuries

$

72,651

$

$

$

72,651

Mortgage-backed securities:

Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises

193,576

193,576

Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises

 

 

416,680

 

 

416,680

Municipal securities

79

79

Corporate debt

 

1,870

 

 

1,870

Loans held for sale

 

 

14,065

 

 

14,065

Interest rate swap derivatives

 

 

42,036

 

 

42,036

Mortgage banking derivatives

527

527

Total assets at fair value

$

72,651

$

668,306

$

527

$

741,484

Liabilities:

Interest rate swap derivatives

$

$

12,698

$

$

12,698

Mortgage banking derivatives

68

68

Total liabilities at fair value

$

$

12,698

$

68

$

12,766

December 31, 2023

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Investment securities available-for-sale:

U.S. Treasuries

$

73,044

$

$

$

73,044

Mortgage-backed securities:

Residential mortgage pass-through securities issued or guaranteed by U.S. Government agencies or sponsored enterprises

201,809

201,809

Other residential MBS issued or guaranteed by U.S. Government agencies or sponsored enterprises

 

 

351,242

 

 

351,242

Municipal securities

79

79

Corporate debt

 

1,843

 

1,843

Loans held for sale

 

 

18,854

 

 

18,854

Interest rate swap derivatives

 

 

37,408

 

 

37,408

Mortgage banking derivatives

287

287

Total assets at fair value

$

73,044

$

611,235

$

287

$

684,566

Liabilities:

Interest rate swap derivatives

$

$

15,284

$

$

15,284

Mortgage banking derivatives

115

115

Total liabilities at fair value

$

$

15,284

$

115

$

15,399

Table of Changes in Level 3 Financial Instruments

    

Mortgage banking

derivatives, net

Balance at December 31, 2023

$

172

Gain included in earnings, net

376

Fees and costs included in earnings, net

 

(89)

Balance at March 31, 2024

$

459

Table of Assets Recorded at Fair Value On a Non-Recurring Basis

March 31, 2024

Total

Losses from fair value changes

Individually evaluated loans

$

47,470

$

278

March 31, 2023

Total

Losses from fair value changes

Individually evaluated loans

$

19,577

$

325

Other real estate owned

    

3,458

13

Total

$

23,035

$

338