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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2024
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:
March 31, 2024December 31, 2023
(In thousands)Carrying
Amount
Fair ValueCarrying
Amount
Fair Value
Balance sheet assets:
Cash and cash equivalents $192,803 $192,803 $372,468 $372,468 
Investment securities 621,929 621,929 627,117 627,117 
Loans, net 1,023,698 987,496 1,001,229 962,223 
Accrued interest receivable 8,965 8,965 8,450 8,450 
Total $1,847,395 $1,811,193 $2,009,264 $1,970,258 
Balance sheet liabilities:
Deposits $1,079,092 $1,079,092 $1,140,814 $1,140,814 
Accounts and drafts payable 944,793 944,793 1,071,369 1,071,369 
Accrued interest payable 387 387 635 635 
Total $2,024,272 $2,024,272 $2,212,818 $2,212,818