XML 56 R41.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value of Assets and Liabilities - Fair Values of Financial Assets and Liabilities on Balance Sheets (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Assets:            
Carrying Amount $ 674,166   $ 560,453      
Fair Value 594,268   478,509      
Loans and leases, net of deferred fees and costs, carrying amount [1] 5,974,596   4,707,150      
Liabilities:            
Debt securities held to maturity, allowance for credit loss 241   241      
Allowance for credit losses (on PCD loans) 61,211 $ 53,303 53,162 $ 52,346 $ 54,768 $ 63,967
Carrying Amount            
Assets:            
Carrying Amount 674,166   560,453      
Federal Home Loan Bank ("FHLB") stock 31,564   26,605      
Federal Reserve Bank ("FRB") stock 26,511   21,231      
Banker's Bank of Kentucky ("BBKY") stock 355   355      
Total other investment securities at cost 58,430   48,191      
Total other investment securities 63,204   51,263      
Carrying Amount | Level 1            
Assets:            
Cash and cash equivalents 148,482   154,022      
Carrying Amount | Level 2            
Assets:            
Bank owned life insurance 138,181   105,292      
Liabilities:            
Deposits 6,959,869   5,716,941      
Short-term borrowings 569,935   500,138      
Long-term borrowings 123,579   101,093      
Carrying Amount | Level 3            
Assets:            
Loans and leases, net of deferred fees and costs, carrying amount 5,974,596   4,707,150      
Fair Value            
Assets:            
Fair Value 594,509   478,509      
Federal Home Loan Bank ("FHLB") stock 31,564   26,605      
Federal Reserve Bank ("FRB") stock 26,511   21,231      
Banker's Bank of Kentucky ("BBKY") stock 355   355      
Total other investment securities at cost 58,430   48,191      
Total other investment securities 63,204   51,263      
Fair Value | Level 1            
Assets:            
Cash and cash equivalents 148,482   154,022      
Fair Value | Level 2            
Assets:            
Bank owned life insurance 138,181   105,292      
Liabilities:            
Deposits 5,972,977   4,682,491      
Short-term borrowings 582,893   504,584      
Long-term borrowings 126,390   101,992      
Fair Value | Level 3            
Assets:            
Loans and leases, net of deferred fees and costs, fair value 5,715,455   4,516,695      
U.S. government sponsored agencies            
Assets:            
Carrying Amount 176,027   132,366      
Fair Value 166,234   123,020      
Liabilities:            
Debt securities held to maturity, allowance for credit loss 0   0      
U.S. government sponsored agencies | Carrying Amount | Level 2            
Assets:            
Carrying Amount 176,027   132,366      
U.S. government sponsored agencies | Fair Value | Level 2            
Assets:            
Fair Value 166,234   123,020      
States and political subdivisions            
Assets:            
Carrying Amount 144,909   145,263      
Fair Value 112,801   108,776      
Liabilities:            
Debt securities held to maturity, allowance for credit loss 241   241      
States and political subdivisions | Level 2            
Assets:            
Carrying Amount 144,909   145,263      
States and political subdivisions | Fair Value | Level 2            
Assets:            
Fair Value 113,042   108,776      
Residential mortgage-backed securities            
Assets:            
Carrying Amount 243,807   176,215      
Fair Value 223,955   157,998      
Liabilities:            
Debt securities held to maturity, allowance for credit loss 0   0      
Residential mortgage-backed securities | Carrying Amount | Level 2            
Assets:            
Carrying Amount 243,807   176,215      
Residential mortgage-backed securities | Fair Value | Level 2            
Assets:            
Fair Value 223,955   157,998      
Commercial mortgage-backed securities            
Assets:            
Carrying Amount 109,423   106,609      
Fair Value 91,278   88,715      
Liabilities:            
Debt securities held to maturity, allowance for credit loss 0   0      
Commercial mortgage-backed securities | Carrying Amount | Level 2            
Assets:            
Carrying Amount 104,675   101,861      
Commercial mortgage-backed securities | Carrying Amount | Level 3            
Assets:            
Carrying Amount 4,748   4,748      
Commercial mortgage-backed securities | Fair Value | Level 2            
Assets:            
Fair Value 87,870   85,354      
Commercial mortgage-backed securities | Fair Value | Level 3            
Assets:            
Fair Value 3,408   3,361      
Nonqualified Plan | Carrying Amount | Level 1            
Assets:            
Total other investment securities 2,660   2,048      
Nonqualified Plan | Fair Value | Level 1            
Assets:            
Total other investment securities 2,660   2,048      
Other investment securities | Carrying Amount | Level 2            
Assets:            
Total other investment securities 2,114   1,024      
Other investment securities | Fair Value | Level 2            
Assets:            
Total other investment securities $ 2,114   $ 1,024      
[1] Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."