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Fair Value of Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Carrying Values and Estimated Fair Values of Financial Instruments | The following table presents the carrying values and estimated fair values of our financial instruments as of the periods shown:
(Dollars in thousands) |  | Carrying Value |  | Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level I) |  | Significant Other Observable Inputs (Level II) |  | Significant Unobservable Inputs (Level III)
September 30, 2022 |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 79,946 |  |  | $ | 79,946 |  |  | $ | 79,946 |  |  | $ | — |  |  | $ | — |
Certificates of deposit with banks |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Securities available-for-sale |  | 366,742 |  |  | 366,742 |  |  | — |  |  | 331,613 |  |  | 35,129 |
Equity securities |  | 34,101 |  |  | 34,101 |  |  | 4,466 |  |  | — |  |  | 29,635 |
Loans held-for-sale |  | 19,977 |  |  | 21,201 |  |  | — |  |  | 21,201 |  |  | — |
Loans receivable, net |  | 2,444,880 |  |  | 2,402,514 |  |  | — |  |  | — |  |  | 2,402,514 |
Servicing rights |  | 1,401 |  |  | 1,450 |  |  | — |  |  | — |  |  | 1,450 |
Interest rate swap |  | 8,908 |  |  | 8,908 |  |  | — |  |  | 8,908 |  |  | — |
Accrued interest receivable |  | 10,197 |  |  | 10,197 |  |  | — |  |  | 2,389 |  |  | 7,808 |
Bank-owned life insurance |  | 42,992 |  |  | 42,992 |  |  | — |  |  | 42,992 |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,696,958 |  |  | $ | 2,377,908 |  |  | $ | — |  |  | $ | 2,377,908 |  |  | $ | — |
Repurchase agreements |  | 9,910 |  |  | 9,910 |  |  | — |  |  | 9,910 |  |  | — |
FHLB and other borrowings |  | 73,328 |  |  | 72,976 |  |  | — |  |  | 72,976 |  |  | — |
Interest rate swap |  | 8,908 |  |  | 8,908 |  |  | — |  |  | 8,908 |  |  | — |
Fair value hedge |  | 738 |  |  | 738 |  |  | — |  |  | 738 |  |  | — |
Accrued interest payable |  | 1,235 |  |  | 1,235 |  |  | — |  |  | 1,235 |  |  | — |
Subordinated debt |  | 73,222 |  |  | 63,576 |  |  | — |  |  | 63,576 |  |  | — |
December 31, 2021 |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 307,437 |  |  | $ | 307,437 |  |  | $ | 307,437 |  |  | $ | — |  |  | $ | — |
Certificates of deposits with banks |  | 2,719 |  |  | 2,738 |  |  | — |  |  | 2,738 |  |  | — |
Securities available-for-sale |  | 421,466 |  |  | 421,466 |  |  | — |  |  | 379,703 |  |  | 41,763 |
Equity securities |  | 32,402 |  |  | 32,402 |  |  | 247 |  |  | — |  |  | 32,155 |
Loans held-for-sale |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loans receivable, net |  | 1,851,572 |  |  | 1,865,013 |  |  | — |  |  | — |  |  | 1,865,013 |
Servicing rights |  | 2,812 |  |  | 2,831 |  |  | — |  |  | — |  |  | 2,831 |
Interest rate swap |  | 6,702 |  |  | 6,702 |  |  | — |  |  | 6,702 |  |  | — |
Fair value hedge |  | 1,552 |  |  | 1,552 |  |  | — |  |  | 1,552 |  |  |
Accrued interest receivable |  | 7,860 |  |  | 7,860 |  |  | — |  |  | 2,402 |  |  | 5,458 |
Bank-owned life insurance |  | 42,257 |  |  | 42,257 |  |  | — |  |  | 42,257 |  |  | — |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,377,605 |  |  | $ | 2,338,868 |  |  | $ | — |  |  | $ | 2,338,868 |  |  | $ | — |
Repurchase agreements |  | 11,385 |  |  | 11,385 |  |  | — |  |  | 11,385 |  |  | — |
Interest rate swap |  | 6,702 |  |  | 6,702 |  |  | — |  |  | 6,702 |  |  | — |
Fair value hedge |  | 807 |  |  | 807 |  |  | — |  |  | 807 |  |  | — |
Accrued interest payable |  | 690 |  |  | 690 |  |  | — |  |  | 690 |  |  | — |
Subordinated debt |  | 73,030 |  |  | 74,774 |  |  | — |  |  | 74,774 |  |  | — |

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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 https://asc.fasb.org/extlink&oid=123594938&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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