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v3.24.2

Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Measurements |
Fair Value of Financial Instruments | The fair value of financial instruments at June 30, 2024 and December 31, 2023 are set forth below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Level in fair value |  | June 30, 2024 |  | December 31, 2023
​ | ​ | measurement | ​ | Carrying | ​ | Estimated | ​ | Carrying | ​ | Estimated
​ | ​ | hierarchy | ​ | amount |  | fair value |  | amount |  | fair value
ASSETS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents |  | Level 1 | ​ | $ | 144,993 | ​ | $ | 144,993 | ​ | $ | 190,826 | ​ | $ | 190,826
U.S. Treasury securities - AFS | ​ | Level 1 | ​ | ​ | 73,188 | ​ | ​ | 73,188 | ​ | ​ | 73,044 | ​ | ​ | 73,044
U.S. Treasury securities - HTM | ​ | Level 1 | ​ | ​ | 49,487 | ​ | ​ | 48,342 | ​ | ​ | 49,338 | ​ | ​ | 48,334
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale |  | Level 2 | ​ |  | 197,060 | ​ |  | 197,060 | ​ |  | 201,809 | ​ |  | 201,809
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale |  | Level 2 | ​ |  | 418,129 | ​ |  | 418,129 | ​ |  | 351,242 | ​ |  | 351,242
Municipal securities available-for-sale | ​ | Level 2 | ​ | ​ | 80 | ​ | ​ | 80 | ​ | ​ | 79 | ​ | ​ | 79
Corporate debt available-for-sale | ​ | Level 2 | ​ | ​ | 1,888 | ​ | ​ | 1,888 | ​ | ​ | 1,843 | ​ | ​ | 1,843
Other available-for-sale securities |  | Level 3 | ​ |  | 731 | ​ |  | 731 | ​ |  | 812 | ​ |  | 812
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity |  | Level 2 | ​ |  | 279,941 | ​ |  | 242,545 | ​ |  | 299,337 | ​ |  | 265,011
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity |  | Level 2 | ​ |  | 225,258 | ​ |  | 178,002 | ​ |  | 236,377 | ​ |  | 190,983
FHLB and FRB stock | ​ | Level 2 | ​ | ​ | 27,476 | ​ | ​ | 27,476 | ​ | ​ | 40,890 | ​ | ​ | 40,890
Loans receivable |  | Level 3 | ​ |  | 7,722,153 | ​ |  | 7,513,690 | ​ |  | 7,698,758 | ​ |  | 7,411,687
Loans held for sale |  | Level 2 | ​ |  | 18,787 | ​ |  | 18,787 | ​ |  | 18,854 | ​ |  | 18,854
Accrued interest receivable |  | Level 2 | ​ |  | 45,242 | ​ |  | 45,242 | ​ |  | 44,944 | ​ |  | 44,944
Interest rate swap derivatives |  | Level 2 | ​ |  | 42,660 | ​ |  | 42,660 | ​ |  | 37,408 | ​ |  | 37,408
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 506 | ​ | ​ | 506 | ​ | ​ | 287 | ​ | ​ | 287
LIABILITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposit transaction accounts |  | Level 2 | ​ |  | 7,354,184 | ​ |  | 7,354,184 | ​ |  | 7,208,421 | ​ |  | 7,208,421
Time deposits |  | Level 2 | ​ |  | 1,022,741 | ​ |  | 1,023,443 | ​ |  | 981,970 | ​ |  | 972,793
Securities sold under agreements to repurchase |  | Level 2 | ​ |  | 19,465 | ​ |  | 19,465 | ​ |  | 19,627 | ​ |  | 19,627
Long-term debt | ​ | Level 2 | ​ | ​ | 55,000 | ​ | ​ | 51,414 | ​ | ​ | 55,000 | ​ | ​ | 43,760
Federal Home Loan Bank advances |  | Level 2 | ​ |  | 35,000 | ​ |  | 35,000 | ​ |  | 340,000 | ​ |  | 340,000
Accrued interest payable |  | Level 2 | ​ |  | 14,106 | ​ |  | 14,106 | ​ |  | 12,239 | ​ |  | 12,239
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 11,402 | ​ | ​ | 11,402 | ​ |  | 15,284 | ​ |  | 15,284
Mortgage banking derivatives |  | Level 3 | ​ |  | 36 | ​ |  | 36 | ​ | ​ | 115 | ​ | ​ | 115
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- 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 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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