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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2024
Fair Value Measurements |
Fair Value of Financial Instruments | The fair value of financial instruments at September 30, 2024 and December 31, 2023 are set forth below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Level in fair value | ​ | September 30, 2024 | ​ | December 31, 2023
​ | ​ | measurement | ​ | Carrying | ​ | Estimated | ​ | Carrying | ​ | Estimated
​ | ​ | hierarchy | ​ | amount | ​ | fair value | ​ | amount | ​ | fair value
ASSETS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | Level 1 | ​ | $ | 180,796 | ​ | $ | 180,796 | ​ | $ | 190,826 | ​ | $ | 190,826
U.S. Treasury securities - AFS | ​ | Level 1 | ​ | ​ | 49,190 | ​ | ​ | 49,190 | ​ | ​ | 73,044 | ​ | ​ | 73,044
U.S. Treasury securities - HTM | ​ | Level 1 | ​ | ​ | 49,563 | ​ | ​ | 49,157 | ​ | ​ | 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 | ​ | ​ | 196,530 | ​ | ​ | 196,530 | ​ | ​ | 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 | ​ | ​ | 460,496 | ​ | ​ | 460,496 | ​ | ​ | 351,242 | ​ | ​ | 351,242
Municipal securities available-for-sale | ​ | Level 2 | ​ | ​ | 80 | ​ | ​ | 80 | ​ | ​ | 79 | ​ | ​ | 79
Corporate debt available-for-sale | ​ | Level 2 | ​ | ​ | 1,962 | ​ | ​ | 1,962 | ​ | ​ | 1,843 | ​ | ​ | 1,843
Other available-for-sale securities | ​ | Level 3 | ​ | ​ | 729 | ​ | ​ | 729 | ​ | ​ | 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 | ​ | ​ | 270,518 | ​ | ​ | 242,837 | ​ | ​ | 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 | ​ | ​ | 218,076 | ​ | ​ | 178,780 | ​ | ​ | 236,377 | ​ | ​ | 190,983
FHLB and FRB stock | ​ | Level 2 | ​ | ​ | 24,629 | ​ | ​ | 24,629 | ​ | ​ | 40,890 | ​ | ​ | 40,890
Loans receivable | ​ | Level 3 | ​ | ​ | 7,714,495 | ​ | ​ | 7,678,735 | ​ | ​ | 7,698,758 | ​ | ​ | 7,411,687
Loans held for sale | ​ | Level 2 | ​ | ​ | 16,765 | ​ | ​ | 16,765 | ​ | ​ | 18,854 | ​ | ​ | 18,854
Accrued interest receivable | ​ | Level 2 | ​ | ​ | 49,025 | ​ | ​ | 49,025 | ​ | ​ | 44,944 | ​ | ​ | 44,944
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 30,459 | ​ | ​ | 30,459 | ​ | ​ | 37,408 | ​ | ​ | 37,408
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 640 | ​ | ​ | 640 | ​ | ​ | 287 | ​ | ​ | 287
LIABILITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposit transaction accounts | ​ | Level 2 | ​ | ​ | 7,444,679 | ​ | ​ | 7,444,679 | ​ | ​ | 7,208,421 | ​ | ​ | 7,208,421
Time deposits | ​ | Level 2 | ​ | ​ | 1,052,449 | ​ | ​ | 1,048,454 | ​ | ​ | 981,970 | ​ | ​ | 972,793
Securities sold under agreements to repurchase | ​ | Level 2 | ​ | ​ | 19,517 | ​ | ​ | 19,517 | ​ | ​ | 19,627 | ​ | ​ | 19,627
Long-term debt | ​ | Level 2 | ​ | ​ | 55,000 | ​ | ​ | 52,592 | ​ | ​ | 55,000 | ​ | ​ | 43,760
Federal Home Loan Bank advances | ​ | Level 2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 340,000 | ​ | ​ | 340,000
Accrued interest payable | ​ | Level 2 | ​ | ​ | 18,044 | ​ | ​ | 18,044 | ​ | ​ | 12,239 | ​ | ​ | 12,239
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 13,377 | ​ | ​ | 13,377 | ​ | ​ | 15,284 | ​ | ​ | 15,284
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 74 | ​ | ​ | 74 | ​ | ​ | 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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