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Fair Value Measurements - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Financial Assets: |  |
Investment securities held to maturity | $ 384,822 | $ 376,331
Bank owned life insurance | 119,929 | 120,196
Carrying Value |  |
Financial Assets: |  |
Cash and cash equivalents | 1,576,722 | 1,723,292
Investment securities available for sale | 1,039,924 | 894,335
Investment securities held to maturity | 422,213 | 383,393
Loans held for sale | 1,142 | 1,476
Loans receivable, net | 3,780,845 | 3,773,301
Accrued interest receivable | 14,582 | 14,657
Derivative assets - interest rate swaps | 12,975 | 15,219
Equity security | 224 | 240
Financial Liabilities: |  |
Non-maturity deposits |  | 6,038,498
Certificates of deposit |  | 342,839
Securities sold under agreement to repurchase | 49,069 | 50,839
Junior subordinated debentures | 21,253 | 21,180
Accrued interest payable | 75 | 73
Derivative liabilities - interest rate swaps | 12,989 | 15,286
Carrying Value | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |
Financial Liabilities: |  |
Non-maturity deposits | 6,163,084 |
Carrying Value | Bank Time Deposits |  |
Financial Liabilities: |  |
Non-maturity deposits | 328,416 |
Fair Value |  |
Financial Assets: |  |
Cash and cash equivalents | 1,576,722 | 1,723,292
Investment securities available for sale |  | 894,335
Investment securities held to maturity | 384,822 | 376,331
Loans held for sale | 1,181 | 1,527
Loans receivable, net | 3,808,897 | 3,849,602
Accrued interest receivable | 14,582 | 14,657
Derivative assets - interest rate swaps | 12,975 | 15,219
Equity security | 224 | 240
Financial Liabilities: |  |
Non-maturity deposits |  | 6,038,498
Certificates of deposit |  | 344,025
Securities sold under agreement to repurchase | 49,069 | 50,839
Junior subordinated debentures | 18,750 | 18,750
Accrued interest payable | 75 | 73
Derivative liabilities - interest rate swaps | 12,989 | 15,286
Fair Value | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |
Financial Liabilities: |  |
Non-maturity deposits | 6,163,084 |
Fair Value | Bank Time Deposits |  |
Financial Liabilities: |  |
Non-maturity deposits | 329,358 |
Fair Value | Level 1 |  |
Financial Assets: |  |
Cash and cash equivalents | 1,576,722 | 1,723,292
Investment securities available for sale |  | 0
Investment securities held to maturity | 0 | 0
Loans held for sale | 0 | 0
Loans receivable, net | 0 | 0
Accrued interest receivable | 128 | 14
Derivative assets - interest rate swaps | 0 | 0
Equity security |  | 240
Financial Liabilities: |  |
Non-maturity deposits |  | 6,038,498
Certificates of deposit |  | 0
Securities sold under agreement to repurchase | 49,069 | 50,839
Junior subordinated debentures | 0 | 0
Accrued interest payable | 33 | 33
Derivative liabilities - interest rate swaps | 0 | 0
Fair Value | Level 1 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |
Financial Liabilities: |  |
Non-maturity deposits | 6,163,084 |
Fair Value | Level 1 | Bank Time Deposits |  |
Financial Liabilities: |  |
Non-maturity deposits | 0 |
Fair Value | Level 2 |  |
Financial Assets: |  |
Cash and cash equivalents | 0 | 0
Investment securities available for sale |  | 894,335
Investment securities held to maturity | 384,822 | 376,331
Loans held for sale | 1,181 | 1,527
Loans receivable, net | 0 | 0
Accrued interest receivable | 4,593 | 4,582
Derivative assets - interest rate swaps | 12,975 | 15,219
Equity security | 0 | 0
Financial Liabilities: |  |
Non-maturity deposits |  | 0
Certificates of deposit |  | 344,025
Securities sold under agreement to repurchase | 0 | 0
Junior subordinated debentures | 0 | 0
Accrued interest payable | 15 | 19
Derivative liabilities - interest rate swaps | 12,989 | 15,286
Fair Value | Level 2 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |
Financial Liabilities: |  |
Non-maturity deposits | 0 |
Fair Value | Level 2 | Bank Time Deposits |  |
Financial Liabilities: |  |
Non-maturity deposits | 0 |
Fair Value | Level 3 |  |
Financial Assets: |  |
Cash and cash equivalents | 0 | 0
Investment securities available for sale | 0 | 0
Investment securities held to maturity | 0 | 0
Loans held for sale | 0 | 0
Loans receivable, net | 3,808,897 | 3,849,602
Accrued interest receivable | 9,861 | 10,061
Derivative assets - interest rate swaps | 0 | 0
Equity security | 0 | 0
Financial Liabilities: |  |
Non-maturity deposits |  | 0
Certificates of deposit |  | 0
Securities sold under agreement to repurchase | 0 | 0
Junior subordinated debentures | 18,750 | 18,750
Accrued interest payable | 27 | 21
Derivative liabilities - interest rate swaps | 0 | $ 0
Fair Value | Level 3 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |
Financial Liabilities: |  |
Non-maturity deposits | 0 |
Fair Value | Level 3 | Bank Time Deposits |  |
Financial Liabilities: |  |
Non-maturity deposits | $ 329,358 |

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- Definition The carrying amount of a life insurance policy on an officer, executive or employee for which the reporting entity (a bank) is entitled to proceeds from the policy upon death of the insured or surrender of the insurance policy. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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