XML 121 R106.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 526,515 $ 123,505
Interest–earning time deposits 2,205 2,812
Investment securities, held to maturity 1,945,795 2,022,748
Loans held for sale 1,418 5,807
Loans, net 4,367,601 4,107,534
Stock in FHLB 34,509 26,677
Interest receivable 38,710 35,294
Liabilities    
Non–interest bearing deposits 1,116,005 1,277,768
Interest bearing deposits 4,548,888 4,580,006
Borrowings 1,353,050 1,142,949
Interest payable 22,249 5,380
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets    
Cash and due from banks 526,515 123,505
Interest–earning time deposits 0 0
Investment securities, held to maturity 0 0
Loans held for sale 0 0
Loans, net 0 0
Stock in FHLB 0 0
Interest receivable 0 0
Liabilities    
Non–interest bearing deposits 1,116,005 1,277,768
Interest bearing deposits 3,369,149 3,582,891
Borrowings 0 0
Subordinated notes 0 0
Junior subordinated debentures issued to capital trusts 0 0
Interest payable 0 0
Significant Other Observable Inputs (Level 2)    
Assets    
Cash and due from banks 0 0
Interest–earning time deposits 2,190 2,778
Investment securities, held to maturity 1,668,601 1,681,309
Loans held for sale 0 0
Loans, net 0 0
Stock in FHLB 34,509 26,677
Interest receivable 38,710 35,294
Liabilities    
Non–interest bearing deposits 0 0
Interest bearing deposits 1,171,452 980,456
Borrowings 1,347,129 1,139,926
Subordinated notes 53,283 56,496
Junior subordinated debentures issued to capital trusts 50,063 51,327
Interest payable 22,249 5,380
Significant Unobservable Inputs (Level 3)    
Assets    
Cash and due from banks 0 0
Interest–earning time deposits 0 0
Investment securities, held to maturity 0 0
Loans held for sale 1,418 5,807
Loans, net 4,072,568 3,852,458
Stock in FHLB 0 0
Interest receivable 0 0
Liabilities    
Non–interest bearing deposits 0 0
Interest bearing deposits 0 0
Borrowings 0 0
Subordinated notes 0 0
Junior subordinated debentures issued to capital trusts 0 0
Interest payable 0 0
Carrying Amount    
Assets    
Cash and due from banks 526,515 123,505
Interest–earning time deposits 2,205 2,812
Investment securities, held to maturity 1,945,638 2,022,748
Loans held for sale 1,418 5,807
Loans, net 4,367,601 4,107,534
Stock in FHLB 34,509 26,677
Interest receivable 38,710 35,294
Liabilities    
Non–interest bearing deposits 1,116,005 1,277,768
Interest bearing deposits 4,548,888 4,580,006
Borrowings 1,353,050 1,142,949
Subordinated notes 55,543 58,896
Junior subordinated debentures issued to capital trusts 57,258 57,027
Interest payable $ 22,249 $ 5,380