XML 142 R108.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Financial assets:    
Certificates of deposits with banks $ 0 $ 2,719
Investment securities available-for-sale 379,814 421,466
Equity securities 38,744 32,402
Servicing assets 1,600 2,800
Bank-owned life insurance 43,239 42,257
Financial Liabilities:    
FHLB and other borrowings 102,333 0
Carrying Value    
Financial assets:    
Cash and cash equivalents 40,280 307,437
Certificates of deposits with banks   2,719
Investment securities available-for-sale 379,814 421,466
Equity securities 38,744 32,402
Loans held-for-sale 23,126  
Loans receivable, net 2,348,808 1,851,572
Servicing assets 1,616 2,812
Accrued interest receivable 12,617 7,860
Bank-owned life insurance 43,239 42,257
Financial Liabilities:    
Deposits 2,570,482 2,377,605
Repurchase Agreements 10,037 11,385
Accrued interest payable 2,558 690
FHLB and other borrowings 102,333  
Senior term loan 9,765  
Subordinated debt 73,286 73,030
Carrying Value | Interest rate swap    
Financial assets:    
Derivative asset 8,427 6,702
Financial Liabilities:    
Derivative liability 8,427 6,702
Carrying Value | Embedded derivative    
Financial assets:    
Derivative asset 787  
Carrying Value | Fair value hedge    
Financial assets:    
Derivative asset   1,552
Financial Liabilities:    
Derivative liability 572 807
Estimated Fair Value    
Financial assets:    
Cash and cash equivalents 40,280 307,437
Certificates of deposits with banks   2,738
Investment securities available-for-sale 379,814 421,466
Equity securities 38,744 32,402
Loans held-for-sale 24,898  
Loans receivable, net 2,285,427 1,865,013
Servicing assets 1,634 2,831
Accrued interest receivable 12,617 7,860
Bank-owned life insurance 43,239 42,257
Financial Liabilities:    
Deposits 2,226,037 2,338,868
Repurchase Agreements 10,037 11,385
Accrued interest payable 2,558 690
FHLB and other borrowings 102,006  
Senior term loan 9,765  
Subordinated debt 64,330 74,774
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level I)    
Financial assets:    
Cash and cash equivalents 40,280 307,437
Certificates of deposits with banks   0
Investment securities available-for-sale 0 0
Equity securities 5,382 247
Loans held-for-sale 0  
Loans receivable, net 0 0
Servicing assets 0 0
Accrued interest receivable 0 0
Bank-owned life insurance 0 0
Financial Liabilities:    
Deposits 0 0
Repurchase Agreements 0 0
Accrued interest payable 0 0
FHLB and other borrowings 0  
Senior term loan 0  
Subordinated debt 0 0
Estimated Fair Value | Significant Other Observable Inputs (Level II)    
Financial assets:    
Cash and cash equivalents 0 0
Certificates of deposits with banks   2,738
Investment securities available-for-sale 344,471 379,703
Equity securities 0 0
Loans held-for-sale 24,898  
Loans receivable, net 0 0
Servicing assets 0 0
Accrued interest receivable 2,778 2,402
Bank-owned life insurance 43,239 42,257
Financial Liabilities:    
Deposits 2,226,037 2,338,868
Repurchase Agreements 10,037 11,385
Accrued interest payable 2,558 690
FHLB and other borrowings 102,006  
Senior term loan 9,765  
Subordinated debt 64,330 74,774
Estimated Fair Value | Significant Unobservable Inputs (Level III)    
Financial assets:    
Cash and cash equivalents 0 0
Certificates of deposits with banks   0
Investment securities available-for-sale 35,343 41,763
Equity securities 33,362 32,155
Loans held-for-sale 0  
Loans receivable, net 2,285,427 1,865,013
Servicing assets 1,634 2,831
Accrued interest receivable 9,839 5,458
Bank-owned life insurance 0 0
Financial Liabilities:    
Deposits 0 0
Repurchase Agreements 0 0
Accrued interest payable 0 0
FHLB and other borrowings 0  
Senior term loan 0  
Subordinated debt 0 0
Estimated Fair Value | Interest rate swap    
Financial assets:    
Derivative asset 8,427 6,702
Financial Liabilities:    
Derivative liability 8,427 6,702
Estimated Fair Value | Interest rate swap | Quoted Prices in Active Markets for Identical Assets (Level I)    
Financial assets:    
Derivative asset 0 0
Financial Liabilities:    
Derivative liability 0 0
Estimated Fair Value | Interest rate swap | Significant Other Observable Inputs (Level II)    
Financial assets:    
Derivative asset 8,427 6,702
Financial Liabilities:    
Derivative liability 8,427 6,702
Estimated Fair Value | Interest rate swap | Significant Unobservable Inputs (Level III)    
Financial assets:    
Derivative asset 0 0
Financial Liabilities:    
Derivative liability 0 0
Estimated Fair Value | Embedded derivative    
Financial assets:    
Derivative asset 787  
Estimated Fair Value | Embedded derivative | Quoted Prices in Active Markets for Identical Assets (Level I)    
Financial assets:    
Derivative asset 0  
Estimated Fair Value | Embedded derivative | Significant Other Observable Inputs (Level II)    
Financial assets:    
Derivative asset 0  
Estimated Fair Value | Embedded derivative | Significant Unobservable Inputs (Level III)    
Financial assets:    
Derivative asset 787  
Estimated Fair Value | Fair value hedge    
Financial assets:    
Derivative asset   1,552
Financial Liabilities:    
Derivative liability 572 807
Estimated Fair Value | Fair value hedge | Quoted Prices in Active Markets for Identical Assets (Level I)    
Financial assets:    
Derivative asset   0
Financial Liabilities:    
Derivative liability 0 0
Estimated Fair Value | Fair value hedge | Significant Other Observable Inputs (Level II)    
Financial assets:    
Derivative asset   1,552
Financial Liabilities:    
Derivative liability 572 807
Estimated Fair Value | Fair value hedge | Significant Unobservable Inputs (Level III)    
Financial assets:    
Derivative asset   0
Financial Liabilities:    
Derivative liability $ 0