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Fair Values of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Values of Financial Instruments [Abstract] |
Estimated Recorded Book Balances and Fair Values | The estimated recorded book balances and fair values follow:
|  |  |  |  | Fair Value Using
| Recorded Book Balance |  | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Un- observable Inputs (Level 3)
| (In thousands)
June 30, 2025 |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 74,354 |  |  | $ | 74,354 |  |  | $ | 74,354 |  |  | $ | — |  |  | $ | — |
Interest bearing deposits | 71,805 |  |  | 71,805 |  |  | 71,805 |  |  | — |  |  | — |
Securities available for sale | 509,511 |  |  | 509,511 |  |  | — |  |  | 509,511 |  |  | — |
Securities held to maturity | 329,302 |  |  | 293,658 |  |  | — |  |  | 293,658 |  |  | — |
Federal Home Loan Bank and Federal |  |  |  |  |  |  |  |  |
Reserve Bank Stock | 18,102 |  |  | NA |  | NA |  | NA |  | NA
Net loans and loans held for sale | 4,115,702 |  |  | 3,946,951 |  |  | — |  |  | 12,492 |  |  | 3,934,459 |
Accrued interest receivable | 19,500 |  |  | 19,500 |  |  | 40 |  |  | 5,454 |  |  | 14,006 |
Derivative financial instruments | 34,191 |  |  | 34,191 |  |  | — |  |  | 34,191 |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |
Deposits with no stated maturity (1) | $ | 3,807,413 |  |  | $ | 3,807,413 |  |  | $ | 3,807,413 |  |  | $ | — |  |  | $ | — |
Deposits with stated maturity (1) | 851,946 |  |  | 849,694 |  |  | — |  |  | 849,694 |  |  | — |
Other borrowings | 102,008 |  |  | 101,632 |  |  | — |  |  | 101,632 |  |  | — |
Subordinated debt | 39,624 |  |  | 40,471 |  |  | — |  |  | 40,471 |  |  | — |
Subordinated debentures | 39,830 |  |  | 39,585 |  |  | — |  |  | 39,585 |  |  | — |
Accrued interest payable | 3,701 |  |  | 3,701 |  |  | 351 |  |  | 3,350 |  |  | — |
Derivative financial instruments | 20,754 |  |  | 20,754 |  |  | — |  |  | 20,754 |  |  | — |
December 31, 2024 |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 56,984 |  |  | $ | 56,984 |  |  | $ | 56,984 |  |  | $ | — |  |  | $ | — |
Interest bearing deposits | 62,898 |  |  | 62,898 |  |  | 62,898 |  |  | — |  |  | — |
Securities available for sale | 559,182 |  |  | 559,182 |  |  | — |  |  | 559,182 |  |  | — |
Securities held to maturity | 339,436 |  |  | 301,860 |  |  | — |  |  | 301,860 |  |  | — |
Federal Home Loan Bank and Federal |  |  |  |  |  |  |  |  |
Reserve Bank Stock | 16,099 |  |  | NA |  | NA |  | NA |  | NA
Net loans and loans held for sale | 3,987,089 |  |  | 3,772,862 |  |  | — |  |  | 7,643 |  |  | 3,765,219 |
Accrued interest receivable | 19,113 |  |  | 19,113 |  |  | 46 |  |  | 5,606 |  |  | 13,461 |
Derivative financial instruments | 37,059 |  |  | 37,059 |  |  | — |  |  | 37,059 |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |
Deposits with no stated maturity (1) | $ | 3,806,185 |  |  | $ | 3,806,185 |  |  | $ | 3,806,185 |  |  | $ | — |  |  | $ | — |
Deposits with stated maturity (1) | 847,903 |  |  | 845,534 |  |  | — |  |  | 845,534 |  |  | — |
Other borrowings | 45,009 |  |  | 44,996 |  |  | — |  |  | 44,996 |  |  | — |
Subordinated debt | 39,586 |  |  | 40,412 |  |  | — |  |  | 40,412 |  |  | — |
Subordinated debentures | 39,796 |  |  | 40,235 |  |  | — |  |  | 40,235 |  |  | — |
Accrued interest payable | 3,109 |  |  | 3,109 |  |  | 374 |  |  | 2,735 |  |  | — |
Derivative financial instruments | 18,623 |  |  | 18,623 |  |  | — |  |  | 18,623 |  |  | — |
(1) | Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $809.496 million and $797.224 million at June 30, 2025 and December 31, 2024, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $102.318 million and $109.807 million at June 30, 2025 and December 31, 2024, respectively.

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