v3.21.1

Fair Value of Financial Instruments and Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2021 | Dec. 31, 2020
--- | --- | ---
Financial assets: |  |
Debt securities available for sale | $ 1,896,894 | $ 1,657,381
Interest receivable | 19,749 | 21,706
FHLB stock | 12,170 | 13,784
Derivative assets | 6,894 | 10,796
Financial liabilities: |  |
Interest bearing deposits | 1,406,070 | 1,351,641
Short-term borrowings | 175,785 | 230,789
Finance leases payable | 1,061 | 1,096
Carrying Amount |  |
Financial assets: |  |
Cash and cash equivalents | 145,769 | 82,659
Debt securities available for sale | 1,896,894 | 1,657,381
Loans held for sale | 58,333 | 59,956
Loans held for investment, net | 3,307,511 | 3,426,723
Interest receivable | 19,749 | 21,706
FHLB stock | 12,170 |
Derivative assets | 6,894 | 10,796
Financial liabilities: |  |
Noninterest bearing deposits | 958,526 | 910,655
Interest bearing deposits | 3,836,037 | 3,636,394
Short-term borrowings | 175,785 | 230,789
Finance leases payable | 1,061 | 1,096
FHLB borrowings | 84,174 | 91,198
Junior subordinated notes issued to capital trusts | 41,807 | 41,763
Subordinated debentures | 74,654 | 74,634
Derivative liabilities | 7,694 | 13,267
Estimated Fair Value |  |
Financial assets: |  |
Cash and cash equivalents | 145,769 | 82,659
Debt securities available for sale | 1,896,894 | 1,657,381
Loans held for sale | 58,608 | 60,039
Loans held for investment, net | 3,341,347 | 3,469,515
Interest receivable | 19,749 | 21,706
FHLB stock | 12,170 | 13,784
Derivative assets | 6,894 | 10,796
Financial liabilities: |  |
Noninterest bearing deposits | 958,526 | 910,655
Interest bearing deposits | 3,838,265 | 3,640,365
Short-term borrowings | 175,785 | 230,789
Finance leases payable | 1,061 | 1,096
FHLB borrowings | 85,986 | 93,380
Junior subordinated notes issued to capital trusts | 34,066 | 33,986
Subordinated debentures | 78,388 | 77,228
Derivative liabilities | 7,694 | 13,267
Level 1 | Estimated Fair Value |  |
Financial assets: |  |
Cash and cash equivalents | 145,769 | 82,659
Debt securities available for sale | 0 | 0
Loans held for sale | 0 | 0
Loans held for investment, net | 0 | 0
Interest receivable | 0 | 0
FHLB stock | 0 | 0
Derivative assets | 0 | 0
Financial liabilities: |  |
Noninterest bearing deposits | 958,526 | 910,655
Interest bearing deposits | 2,937,232 | 2,800,046
Short-term borrowings | 175,785 | 230,789
Finance leases payable | 0 | 0
FHLB borrowings | 0 | 0
Junior subordinated notes issued to capital trusts | 0 | 0
Subordinated debentures | 0 | 0
Derivative liabilities | 0 | 0
Level 2 | Estimated Fair Value |  |
Financial assets: |  |
Cash and cash equivalents | 0 | 0
Debt securities available for sale | 1,896,894 | 1,657,381
Loans held for sale | 58,608 | 60,039
Loans held for investment, net | 0 | 0
Interest receivable | 19,749 | 21,706
FHLB stock | 12,170 | 13,784
Derivative assets | 6,894 | 10,796
Financial liabilities: |  |
Noninterest bearing deposits | 0 | 0
Interest bearing deposits | 901,033 | 840,319
Short-term borrowings | 0 | 0
Finance leases payable | 1,061 | 1,096
FHLB borrowings | 85,986 | 93,380
Junior subordinated notes issued to capital trusts | 34,066 | 33,986
Subordinated debentures | 78,388 | 77,228
Derivative liabilities | 7,694 | 13,267
Level 3 | Estimated Fair Value |  |
Financial assets: |  |
Cash and cash equivalents | 0 | 0
Debt securities available for sale | 0 | 0
Loans held for sale | 0 | 0
Loans held for investment, net | 3,341,347 | 3,469,515
Interest receivable |  | 0
FHLB stock |  | 0
Derivative assets | 0 | 0
Financial liabilities: |  |
Noninterest bearing deposits | 0 | 0
Interest bearing deposits | 0 |
Short-term borrowings |  | 0
Finance leases payable | 0 | 0
FHLB borrowings | 0 |
Junior subordinated notes issued to capital trusts | 0 |
Subordinated debentures | 0 |
Derivative liabilities | $ 0 | $ 0

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- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121558606&loc=SL82898722-210454 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121553693&loc=d3e26610-111562 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27161-111563 + Details
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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13433-108611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 + Details
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- Definition Fair value portion of borrowing from Federal Home Loan Bank (FHLBank). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(3)(a)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition Federal Home Loan Bank (FHLB) stock represents an equity interest in a FHLB. It does not have a readily determinable fair value because its ownership is restricted and it lacks a market (liquidity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 325 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=75031641&loc=d3e63345-112809 + Details
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- Definition Present value of lessee's discounted obligation for lease payments from finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 45 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121603541&loc=SL77918627-209977 + Details
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- Definition Amount of interest-bearing domestic checking deposit liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
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