XML 47 R36.htm IDEA: XBRL DOCUMENT v3.25.2

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Carrying Amounts and Estimated Fair Values of Financial Instruments

The following tables present the carrying amounts and estimated fair values of the Company’s financial instruments as of June 30, 2025 and December 31, 2024. Fair values for June 30, 2025 and December 31, 2024 were estimated using an exit price notion.

June 30, 2025						Carrying Amount						Fair Value						Fair Value Measurements
($ in thousands)																		Level 1						Level 2						Level 3
Assets
Cash and cash equivalents						$	184,984					$	184,984					$	184,984					$	—					$	—
Available for sale securities						187,679						187,679						—						187,679						—
Held to maturity securities						459,246						414,699						—						414,699						—
Equity securities						6,010						6,010						—						6,010						—
Restricted securities						20,412						20,412						—						20,412						—
Loans held for sale						34,319						34,319						—						34,319						—
TBA securities						3						3						—						3						—
Loans held for investment, at amortized cost, net						4,769,145						4,662,358						—						—						4,662,358
Mortgage servicing rights						5,396						5,396						—						5,396						—
Accrued interest receivable						19,821						19,821						—						19,821						—
IRLCs						426						426						—						—						426
Liabilities
Deposits:
Noninterest-bearing						$	1,575,120					$	1,575,120					$	—					$	1,575,120					$	—
Interest-bearing checking						763,309						763,309						—						763,309						—
Money market and savings						1,691,438						1,691,438						—						1,691,438						—
Time deposits						1,273,285						1,271,570						—						1,271,570						—
Brokered deposits						10,806						10,014						—						10,014						—
FHLB advances						50,000						50,065						—						50,065						—
TRUPS						30,005						27,542						—						27,542						—
Subordinated debt						44,236						44,202						—						44,202						—
TBA Securities						311						311						—						311						—
Accrued interest payable						3,486						3,486						—						3,486						—

December 31, 2024						Carrying Amount						Fair Value						Fair Value Measurements
($ in thousands)																		Level 1						Level 2						Level 3
Assets
Cash and cash equivalents						$	459,851					$	459,851					$	459,851					$	—					$	—
Available for sale securities						149,212						149,212						—						149,212						—
Held to maturity securities						481,077						424,734						—						424,734						—
Equity securities						5,814						5,814						—						5,814						—
Restricted securities						20,253						20,253						—						20,253						—
Loans held for sale						19,606						19,606						—						19,606						—
TBA securities						164						164						—						164						—
Loans held for investment, at amortized cost, net						4,714,078						4,561,449						—						—						4,561,449
Mortgage servicing rights						5,874						5,874						—						5,874						—
Accrued interest receivable						19,570						19,570						—						19,570						—
IRLCs						113						113						—						—						113
Liabilities
Deposits:
Noninterest-bearing						$	1,562,815					$	1,562,815					$	—					$	1,562,815					$	—
Interest bearing checking						978,076						978,076						—						978,076						—
Money market and savings						1,805,884						1,805,884						—						1,805,884						—
Time deposits						1,181,561						1,179,716						—						1,179,716						—
FHLB advances						50,000						50,201						—						50,201						—
TRUPS						29,847						27,952						—						27,952						—
Subordinated debt						43,870						43,669						—						43,669						—
TBA securities						23						23						—						23						—
Accrued interest payable						3,398						3,398						—						3,398						—

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration