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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Measurements |
Fair Value of Financial Instruments | The fair value of financial instruments at March 31, 2025 and December 31, 2024 are set forth below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Level in fair value | ​ | March 31, 2025 | ​ | December 31, 2024
​ | ​ | measurement | ​ | Carrying | ​ | Estimated | ​ | Carrying | ​ | Estimated
​ | ​ | hierarchy | ​ | amount | ​ | fair value | ​ | amount | ​ | fair value
ASSETS | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | Level 1 | ​ | $ | 246,298 | ​ | $ | 246,298 | ​ | $ | 127,848 | ​ | $ | 127,848
U.S. Treasury securities - AFS | ​ | Level 1 | ​ | ​ | 73,263 | ​ | ​ | 73,263 | ​ | ​ | 24,874 | ​ | ​ | 24,874
U.S. Treasury securities - HTM | ​ | Level 1 | ​ | ​ | 49,715 | ​ | ​ | 49,431 | ​ | ​ | 49,639 | ​ | ​ | 49,159
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale | ​ | Level 2 | ​ | ​ | 204,245 | ​ | ​ | 204,245 | ​ | ​ | 135,045 | ​ | ​ | 135,045
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale | ​ | Level 2 | ​ | ​ | 354,169 | ​ | ​ | 354,169 | ​ | ​ | 364,938 | ​ | ​ | 364,938
Municipal securities available-for-sale | ​ | Level 2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Corporate debt available-for-sale | ​ | Level 2 | ​ | ​ | 1,973 | ​ | ​ | 1,973 | ​ | ​ | 1,962 | ​ | ​ | 1,962
Other available-for-sale securities | ​ | Level 3 | ​ | ​ | 726 | ​ | ​ | 726 | ​ | ​ | 728 | ​ | ​ | 728
Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity | ​ | Level 2 | ​ | ​ | 262,594 | ​ | ​ | 232,140 | ​ | ​ | 271,105 | ​ | ​ | 234,286
Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity | ​ | Level 2 | ​ | ​ | 394,603 | ​ | ​ | 355,234 | ​ | ​ | 212,364 | ​ | ​ | 167,941
FHLB and FRB stock | ​ | Level 2 | ​ | ​ | 27,687 | ​ | ​ | 27,687 | ​ | ​ | 27,984 | ​ | ​ | 27,984
Loans receivable | ​ | Level 3 | ​ | ​ | 7,646,296 | ​ | ​ | 7,480,541 | ​ | ​ | 7,751,143 | ​ | ​ | 7,535,875
Loans held for sale | ​ | Level 2 | ​ | ​ | 11,885 | ​ | ​ | 11,885 | ​ | ​ | 24,495 | ​ | ​ | 24,495
Accrued interest receivable | ​ | Level 2 | ​ | ​ | 47,925 | ​ | ​ | 47,925 | ​ | ​ | 43,469 | ​ | ​ | 43,469
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 33,711 | ​ | ​ | 33,711 | ​ | ​ | 39,637 | ​ | ​ | 39,637
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 684 | ​ | ​ | 684 | ​ | ​ | 386 | ​ | ​ | 386
LIABILITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deposit transaction accounts | ​ | Level 2 | ​ | ​ | 7,365,530 | ​ | ​ | 7,365,530 | ​ | ​ | 7,217,857 | ​ | ​ | 7,217,857
Time deposits | ​ | Level 2 | ​ | ​ | 1,058,677 | ​ | ​ | 1,060,390 | ​ | ​ | 1,020,036 | ​ | ​ | 1,021,763
Securities sold under agreements to repurchase | ​ | Level 2 | ​ | ​ | 20,749 | ​ | ​ | 20,749 | ​ | ​ | 18,895 | ​ | ​ | 18,895
Long-term debt | ​ | Level 2 | ​ | ​ | 55,000 | ​ | ​ | 52,141 | ​ | ​ | 55,000 | ​ | ​ | 49,168
Federal Home Loan Bank advances | ​ | Level 2 | ​ | ​ | 80,000 | ​ | ​ | 80,000 | ​ | ​ | 50,000 | ​ | ​ | 50,000
Accrued interest payable | ​ | Level 2 | ​ | ​ | 15,183 | ​ | ​ | 15,183 | ​ | ​ | 15,146 | ​ | ​ | 15,146
Interest rate swap derivatives | ​ | Level 2 | ​ | ​ | 10,888 | ​ | ​ | 10,888 | ​ | ​ | 9,076 | ​ | ​ | 9,076
Mortgage banking derivatives | ​ | Level 3 | ​ | ​ | 85 | ​ | ​ | 85 | ​ | ​ | 10 | ​ | ​ | 10
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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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