XML 86 R60.htm IDEA: XBRL DOCUMENT

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

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