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Disclosures About Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2020
Disclosures About Fair Value Of Financial Instruments [Abstract] |
Summary of Estimated Fair Values and Related Carrying Amounts of Financial Instruments | The estimated fair values, and related carrying amounts, of the Company’s financial instruments at the dates presented are as follows:
|  |  |  | Fair Value Measurements at June 30, 2020 |  |  |  |  |
| Carrying Amount |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Fair Value |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 241,136 |  |  | $ | 241,136 |  |  | $ | — |  |  | $ | — |  |  | $ | 241,136 |
Federal funds sold |  | 452 |  |  |  | 452 |  |  |  | — |  |  |  | — |  |  |  | 452 |
Investment securities |  | 114,003 |  |  |  | — |  |  |  | 114,003 |  |  |  | — |  |  |  | 114,003 |
Loans held for sale |  | 127,796 |  |  |  | — |  |  |  | 127,796 |  |  |  | — |  |  |  | 127,796 |
Net loans held for investment |  | 1,013,259 |  |  |  | — |  |  |  | — |  |  |  | 1,013,388 |  |  |  | 1,013,388 |
Accrued interest receivable |  | 4,119 |  |  |  | — |  |  |  | 4,119 |  |  |  | — |  |  |  | 4,119 |
Bank-owned life insurance |  | 14,919 |  |  |  | — |  |  |  | 14,919 |  |  |  | — |  |  |  | 14,919 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 965,857 |  |  |  | — |  |  |  | 690,229 |  |  |  | 283,368 |  |  |  | 973,597 |
Other borrowed funds |  | 478,411 |  |  |  | — |  |  |  | 476,750 |  |  |  | — |  |  |  | 476,750 |
Subordinated debt, net |  | 24,472 |  |  |  | — |  |  |  | — |  |  |  | 24,472 |  |  |  | 24,472 |
Accrued interest payable |  | 678 |  |  |  | — |  |  |  | 678 |  |  |  | — |  |  |  | 678 |
|  |  |  | Fair Value Measurements at December 31, 2019 |  |  |  |  |
| Carrying Amount |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |  |  | Fair Value |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and short-term investments | $ | 60,026 |  |  | $ | 60,026 |  |  | $ | — |  |  | $ | — |  |  | $ | 60,026 |
Federal funds sold |  | 480 |  |  |  | 480 |  |  |  | — |  |  |  | — |  |  |  | 480 |
Investment securities |  | 128,897 |  |  |  | — |  |  |  | 129,359 |  |  |  | — |  |  |  | 129,359 |
Loans held for sale |  | 55,646 |  |  |  | — |  |  |  | 55,646 |  |  |  | — |  |  |  | 55,646 |
Net loans held for investment |  | 642,262 |  |  |  | — |  |  |  | — |  |  |  | 643,878 |  |  |  | 643,878 |
Accrued interest receivable |  | 2,590 |  |  |  | — |  |  |  | 2,590 |  |  |  | — |  |  |  | 2,590 |
Bank-owned life insurance |  | 14,734 |  |  |  | — |  |  |  | 14,734 |  |  |  | — |  |  |  | 14,734 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | 722,030 |  |  |  | — |  |  |  | 542,805 |  |  |  | 168,736 |  |  |  | 711,541 |
Other borrowed funds |  | 124,800 |  |  |  | — |  |  |  | 124,971 |  |  |  | — |  |  |  | 124,971 |
Subordinated debt, net |  | 9,800 |  |  |  | — |  |  |  | — |  |  |  | 9,784 |  |  |  | 9,784 |
Accrued interest payable |  | 706 |  |  |  | — |  |  |  | 706 |  |  |  | — |  |  |  | 706 |

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- Definition Disclosures About Fair Value of Financial Instruments [Abstract] + References No definition available. + Details
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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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