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Equity Investments | 6 Months Ended
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Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Equity Investments | Equity Investments Equity investments with readily determinable fair values at June 30, 2023 and December 31, 2022, consisted of mutual funds in the amounts of $4.3 million and $4.3 million, respectively, and were included in “Equity investments” on the Consolidated Statements of Financial Condition. The changes in fair value for equity investments with readily determinable fair values for the three and six months ended June 30, 2023 and 2022, were recorded in other noninterest income and fees as summarized in the table below:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Dollars in thousands)
Net change in fair value recorded during the period on equity investments with readily determinable fair value | $ | (69) |  |  | $ | (865) |  |  | $ | — |  |  | $ | (2,112) |
Less: Net change in fair value recorded on equity investments sold during the period | — |  |  | — |  |  | — |  |  | — |
Net change in fair value on equity investments with readily determinable fair values held at the end of the period | $ | (69) |  |  | $ | (865) |  |  | $ | — |  |  | $ | (2,112) |
At June 30, 2023 and December 31, 2022, the Company also had equity investments without readily determinable fair values, which are carried at cost less any determined impairment. The balance of these investments is adjusted for changes in subsequent observable prices. At June 30, 2023, the total balance of equity investments without readily determinable fair values included in “Equity investments” on the Consolidated Statements of Financial Condition was $38.7 million, consisting of $370 thousand in correspondent bank stock, $1.0 million in Community Development Financial Institutions (“CDFI”) investments, and $37.3 million in Community Reinvestment Act (“CRA”) investments. At December 31, 2022, the total balance of equity investments without readily determinable fair values was $38.1 million, consisting of $370 thousand in correspondent bank stock, $1.0 million in CDFI investments, and $36.7 million in CRA investments. The Company had no impairments or subsequent observable price changes for equity investments without readily determinable fair values for the three and six months ended June 30, 2023 and 2022.

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- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
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