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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table sets forth our assets and liabilities measured at fair value on a recurring basis:
| Level 1 |  | Level 2 |  | Level 3 |  |
| Quoted prices in active markets for identical assets |  | Significant other observable inputs |  | Significant unobservable inputs |  | Total Estimated Fair Value
As of December 31, 2022 |  |  |  |  |  |  |
Available-for-sale securities | $ | 56,649 |  |  | $ | 480,324 |  |  | $ | — |  |  | $ | 536,973 |
Loans held-for-sale | — |  |  | 57,323 |  |  | — |  |  | 57,323 |
Mortgage servicing rights | — |  |  | — |  |  | 74,097 |  |  | 74,097 |
Derivative financial instruments - assets | — |  |  | 40,287 |  |  | — |  |  | 40,287 |
Derivative financial instruments - liabilities | — |  |  | (24,527) |  |  | — |  |  | (24,527) |
Total | $ | 56,649 |  |  | $ | 553,407 |  |  | $ | 74,097 |  |  | $ | 684,153 |
As of December 31, 2021 |  |  |  |  |  |  |
Available-for-sale securities | $ | 35,185 |  |  | $ | 537,316 |  |  | $ | — |  |  | $ | 572,501 |
Loans held-for-sale | — |  |  | 103,939 |  |  | — |  |  | 103,939 |
Mortgage servicing rights | — |  |  | — |  |  | 47,392 |  |  | 47,392 |
Derivative financial instruments - assets | — |  |  | 10,815 |  |  | — |  |  | 10,815 |
Derivative financial instruments - liabilities | — |  |  | (14,525) |  |  | — |  |  | (14,525) |
Total | $ | 35,185 |  |  | $ | 637,545 |  |  | $ | 47,392 |  |  | $ | 720,122 |
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table presents a reconciliation for our Level 3 assets measured at fair value on a recurring basis as of and for the years ended December 31,:
| 2022 |  | 2021 |  | 2020
Balance, beginning of year | $ | 47,392 |  |  | $ | 29,144 |  |  | $ | 29,003 |
Total gains (losses) included in earnings | 12,418 |  |  | (5,606) |  |  | (22,280) |
Purchases, issuances, sales and settlements: |  |  |  |  |
Issuances | 14,287 |  |  | 23,854 |  |  | 22,421 |
Balance, end of year | $ | 74,097 |  |  | $ | 47,392 |  |  | $ | 29,144 |
Schedule of Fair Value Measurements, Nonrecurring | The following table sets forth our assets and liabilities that were measured at fair value on a non-recurring basis as of December 31,:
| Level 3
| 2022 |  | 2021
Impaired loans: |  |  |
Commercial | $ | 5,229 |  |  | $ | 961 |
Commercial real estate | 607 |  |  | 63 |
Residential real estate | 802 |  |  | 632 |
Consumer | 3 |  |  | — |
Total impaired loans | $ | 6,641 |  |  | $ | 1,656 |
Other real estate owned and foreclosed assets, net: |  |  |
Commercial real estate | $ | 5,391 |  |  | $ | 5,067 |
Residential real estate | 967 |  |  | 420 |
Total other real estate owned and foreclosed assets, net: | $ | 6,358 |  |  | $ | 5,487 |
Schedule of Fair Value, by Balance Sheet Grouping | The carrying amounts and estimated fair values of financial instruments not carried at fair value are as follows as of December 31,:
|  |  | Estimated Fair Value
| Carrying Value |  | Total |  | Level 1 |  | Level 2 |  | Level 3
2022 |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 343,526 |  |  | $ | 343,526 |  |  | $ | 343,526 |  |  | $ | — |  |  | $ | — |
Securities held-to-maturity | 38,901 |  |  | 33,218 |  |  | — |  |  | 33,218 |  |  | — |
Loans (excluding impaired loans) | 5,871,274 |  |  | 5,756,197 |  |  | — |  |  | — |  |  | 5,756,197 |
Restricted equity securities | 50,215 |  |  | 50,215 |  |  | — |  |  | 50,215 |  |  | — |
Accrued interest receivable | 28,543 |  |  | 28,543 |  |  | — |  |  | 2,049 |  |  | 26,494 |
Liabilities: |  |  |  |  |  |  |  |  |
Deposits (excluding demand deposits) | $ | 3,732,215 |  |  | $ | 3,696,438 |  |  | $ | — |  |  | $ | 3,696,438 |  |  | $ | — |
Securities sold under agreements to repurchase | 36,721 |  |  | 36,721 |  |  | — |  |  | 36,721 |  |  | — |
FHLB advances | 643,885 |  |  | 643,885 |  |  | — |  |  | 643,885 |  |  | — |
Convertible notes payable, net | 5,355 |  |  | 5,329 |  |  | — |  |  | 5,329 |  |  | — |
Subordinated debt, net | 74,880 |  |  | 71,618 |  |  | — |  |  | 71,618 |  |  | — |
Accrued interest payable | 5,798 |  |  | 5,798 |  |  | — |  |  | 5,798 |  |  | — |
2021 |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 668,462 |  |  | $ | 668,462 |  |  | $ | 668,462 |  |  | $ | — |  |  | $ | — |
Securities held-to-maturity | 18,007 |  |  | 18,599 |  |  | — |  |  | 18,599 |  |  | — |
Loans (excluding impaired loans) | 4,003,712 |  |  | 3,949,719 |  |  | — |  |  | — |  |  | 3,949,719 |
Restricted equity securities | 16,239 |  |  | 16,239 |  |  | — |  |  | 16,239 |  |  | — |
Accrued interest receivable | 14,761 |  |  | 14,761 |  |  | — |  |  | 1,131 |  |  | 13,630 |
Liabilities: |  |  |  |  |  |  |  |  |
Deposits (excluding demand deposits) | $ | 3,101,123 |  |  | $ | 3,106,464 |  |  | $ | — |  |  | $ | 3,106,464 |  |  | $ | — |
Securities sold under agreements to repurchase | 92,093 |  |  | 92,093 |  |  | — |  |  | 92,093 |  |  | — |
FHLB advances | 40,000 |  |  | 41,514 |  |  | — |  |  | 41,514 |  |  | — |
Convertible notes payable, net | 19,442 |  |  | 21,564 |  |  | — |  |  | 21,564 |  |  | — |
Subordinated debt, net | 50,016 |  |  | 52,264 |  |  | — |  |  | 52,264 |  |  | — |
Accrued interest payable | 2,369 |  |  | 2,369 |  |  | — |  |  | 2,369 |  |  | — |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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