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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2018
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).

 

     September 30, 2018  
     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

   $ 69,697      $ 69,697      $ —        $ —    

Investment securities, held to maturity

     223,848        —          219,158        —    

Loans held for sale

     1,980        —          —          1,980  

Loans (excluding loan level hedges), net

     2,733,810        —          —          2,610,426  

Stock in FHLB

     18,073        —          18,073        —    

Interest receivable

     13,999        —          13,999        —    

Liabilities

           

Non-interest bearing deposits

   $ 621,475      $ 621,475      $ —        $ —    

Interest bearing deposits

     2,507,079        —          2,373,715        —    

Borrowings

     477,719        —          471,265        —    

Subordinated debentures

     37,791        —          35,811        —    

Interest payable

     1,688        —          1,688        —    

 

     December 31, 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

   $ 76,441      $ 76,441      $ —        $ —    

Investment securities, held to maturity

     200,448        —          201,085        —    

Loans held for sale

     3,094        —          —          3,094  

Loans (excluding loan level hedges), net

     2,661,026        —          —          2,585,879  

Stock in FHLB

     18,105        —          18,105        —    

Interest receivable

     16,244        —          16,244        —    

Liabilities

           

Non-interest bearing deposits

   $ 601,805      $ 601,805      $ —        $ —    

Interest bearing deposits

     2,279,198        —          2,156,487        —    

Borrowings

     564,157        —          560,057        —    

Subordinated debentures

     37,653        —          35,994        —    

Interest payable

     886        —          886        —