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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements by Balance Sheet Grouping
Following is a summary of the carrying amounts and fair values of the Company’s financial instruments:
June 30, 2022December 31, 2021
(In thousands)Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Balance sheet assets:
Cash and cash equivalents $261,234 $261,234 $514,928 $514,928 
Investment securities 740,074 740,074 673,453 673,453 
Loans, net 946,914 928,347 948,526 948,701 
Accrued interest receivable 7,251 7,251 6,799 6,799 
Total $1,955,473 $1,936,906 $2,143,706 $2,143,881 
Balance sheet liabilities:
Deposits $1,189,575 $1,189,575 $1,221,503 $1,221,503 
Accounts and drafts payable 998,870 998,870 1,050,396 1,050,396 
Accrued interest payable 29 29 16 16 
Total $2,188,474 $2,188,474 $2,271,915 $2,271,915