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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Measurements |
Fair Value of Financial Instruments | The fair value of financial instruments at December 31, 2024 and 2023 are set forth below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Level in fair value | ​ | December 31, 2024 | ​ | December 31, 2023
​ | ​ | measurement | ​ | Carrying | ​ | Estimated | ​ | Carrying | ​ | Estimated
​ | ​ | hierarchy | ​ | amount | ​ | fair value | ​ | amount | ​ | fair value
ASSETS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | Level 1 | ​ | $ | 127,848 | ​ | $ | 127,848 | ​ | $ | 190,826 | ​ | $ | 190,826
U.S. Treasury securities - AFS | ​ | Level 1 | ​ | ​ | 24,874 | ​ | ​ | 24,874 | ​ | ​ | 73,044 | ​ | ​ | 73,044
U.S. Treasury securities - HTM | ​ | Level 1 | ​ | ​ | 49,639 | ​ | ​ | 49,159 | ​ | ​ | 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 | ​ | ​ | 135,045 | ​ | ​ | 135,045 | ​ | ​ | 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 | ​ | ​ | 364,938 | ​ | ​ | 364,938 | ​ | ​ | 351,242 | ​ | ​ | 351,242
Municipal securities available-for-sale | ​ | Level 2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 79 | ​ | ​ | 79
Corporate debt available-for-sale | ​ | Level 2 | ​ | ​ | 1,962 | ​ | ​ | 1,962 | ​ | ​ | 1,843 | ​ | ​ | 1,843
Other available-for-sale securities | ​ | Level 3 | ​ | ​ | 728 | ​ | ​ | 728 | ​ | ​ | 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 | ​ | ​ | 271,105 | ​ | ​ | 234,286 | ​ | ​ | 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 | ​ | ​ | 212,364 | ​ | ​ | 167,941 | ​ | ​ | 236,377 | ​ | ​ | 190,983
FHLB and FRB stock | ​ | Level 2 | ​ | ​ | 27,984 | ​ | ​ | 27,984 | ​ | ​ | 40,890 | ​ | ​ | 40,890
Loans receivable | ​ | Level 3 | ​ | ​ | 7,751,143 | ​ | ​ | 7,535,875 | ​ | ​ | 7,698,758 | ​ | ​ | 7,411,687
Loans held for sale | ​ | Level 2 | ​ | ​ | 24,495 | ​ | ​ | 24,495 | ​ | ​ | 18,854 | ​ | ​ | 18,854
Accrued interest receivable | ​ | Level 2 | ​ | ​ | 43,469 | ​ | ​ | 43,469 | ​ | ​ | 44,944 | ​ | ​ | 44,944
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 39,637 | ​ | ​ | 39,637 | ​ | ​ | 37,408 | ​ | ​ | 37,408
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 386 | ​ | ​ | 386 | ​ | ​ | 287 | ​ | ​ | 287
LIABILITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposit transaction accounts | ​ | Level 2 | ​ | ​ | 7,217,857 | ​ | ​ | 7,217,857 | ​ | ​ | 7,208,421 | ​ | ​ | 7,208,421
Time deposits | ​ | Level 2 | ​ | ​ | 1,020,036 | ​ | ​ | 1,021,763 | ​ | ​ | 981,970 | ​ | ​ | 972,793
Securities sold under agreements to repurchase | ​ | Level 2 | ​ | ​ | 18,895 | ​ | ​ | 18,895 | ​ | ​ | 19,627 | ​ | ​ | 19,627
Long-term debt | ​ | Level 2 | ​ | ​ | 55,000 | ​ | ​ | 49,168 | ​ | ​ | 55,000 | ​ | ​ | 43,760
Federal Home Loan Bank advances | ​ | Level 2 | ​ | ​ | 50,000 | ​ | ​ | 50,000 | ​ | ​ | 340,000 | ​ | ​ | 340,000
Accrued interest payable | ​ | Level 2 | ​ | ​ | 15,146 | ​ | ​ | 15,146 | ​ | ​ | 12,239 | ​ | ​ | 12,239
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 9,076 | ​ | ​ | 9,076 | ​ | ​ | 15,284 | ​ | ​ | 15,284
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 10 | ​ | ​ | 10 | ​ | ​ | 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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