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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2023
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, 2023December 31, 2022
(In thousands)Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Balance sheet assets:
Cash and cash equivalents $270,473 $270,473 $200,942 $200,942 
Investment securities 637,513 637,513 754,468 754,468 
Loans, net 1,042,654 993,935 1,069,367 1,004,682 
Accrued interest receivable 7,790 7,790 8,297 8,297 
Total $1,958,430 $1,909,711 $2,033,074 $1,968,389 
Balance sheet liabilities:
Deposits $1,191,434 $1,191,434 $1,257,217 $1,257,217 
Accounts and drafts payable 1,021,524 1,021,524 1,067,600 1,067,600 
Accrued interest payable 307 307 66 66 
Total $2,213,265 $2,213,265 $2,324,883 $2,324,883