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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values of Financial Instruments
The following tables present estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall.
December 31, 2023
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$526,515 $526,515 $— $— 
Interest–earning time deposits2,205 — 2,190 — 
Investment securities, held to maturity1,945,638 — 1,668,601 — 
Loans held for sale1,418 — — 1,418 
Loans, net4,367,601 — — 4,072,568 
Stock in FHLB34,509 — 34,509 — 
Interest receivable38,710 — 38,710 — 
Liabilities
Non–interest bearing deposits$1,116,005 $1,116,005 $— $— 
Interest bearing deposits4,548,888 3,369,149 1,171,452 — 
Borrowings1,353,050 — 1,347,129 — 
Subordinated notes55,543 — 53,283 — 
Junior subordinated debentures issued to capital trusts57,258 — 50,063 — 
Interest payable22,249 — 22,249 — 
December 31, 2022
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$123,505 $123,505 $— $— 
Interest–earning time deposits2,812 — 2,778 — 
Investment securities, held to maturity2,022,748 — 1,681,309 — 
Loans held for sale5,807 — — 5,807 
Loans, net4,107,534 — — 3,852,458 
Stock in FHLB26,677 — 26,677 — 
Interest receivable35,294 — 35,294 — 
Liabilities
Non–interest bearing deposits$1,277,768 $1,277,768 $— $— 
Interest bearing deposits4,580,006 3,582,891 980,456 — 
Borrowings1,142,949 — 1,139,926 — 
Subordinated notes58,896 — 56,496 — 
Junior subordinated debentures issued to capital trusts57,027 — 51,327 — 
Interest payable5,380 — 5,380 —