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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of Estimated Fair Values of Financial Instruments

The following table presents estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall (unaudited).

 

     June 30, 2017  
     Carrying
Amount
     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 

Assets

           

Cash and due from banks

   $ 65,993      $ 65,993      $ —        $ —    

Investment securities, held to maturity

     199,474        —          203,542        —    

Loans held for sale

     3,730        —          —          3,730  

Loans excluding loan level hedges, net

     2,103,021        —          —          2,058,278  

Stock in FHLB and FRB

     14,945        —          14,945        —    

Interest receivable

     13,316        —          13,316        —    

Liabilities

           

Non-interest bearing deposits

   $ 508,305      $ 508,305      $ —        $ —    

Interest-bearing deposits

     1,910,478        —          1,823,434        —    

Borrowings

     485,304        —          481,796        —    

Subordinated debentures

     37,562        —          36,177        —    

Interest payable

     559        —          559        —    

 

     December 31, 2016  
     Carrying
Amount
     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 

Assets

           

Cash and due from banks

   $ 70,832      $ 70,832      $ —        $ —    

Investment securities, held to maturity

     193,194        —          194,086        —    

Loans held for sale

     8,087        —          —          8,087  

Loans excluding loan level hedges, net

     1,998,804        —          —          1,965,928  

Stock in FHLB and FRB

     23,932        —          23,932        —    

Interest receivable

     12,713        —          12,713        —    

Liabilities

           

Non-interest bearing deposits

   $ 496,248      $ 496,248      $ —        $ —    

Interest-bearing deposits

     1,974,962        —          1,839,167        —    

Borrowings

     267,489        —          261,141        —    

Subordinated debentures

     37,456        —          36,371        —    

Interest payable

     472        —          472        —