XML 45 R33.htm IDEA: XBRL DOCUMENT v3.24.3

Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of 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, 2024
Financial Assets:
Cash and cash equivalents						$	610,911					$	610,911					$	610,911					$	—					$	—
Securities available-for-sale						374,828						374,828						—						348,456						26,372
Equity securities						41,760						41,760						4,273						—						37,486
Loans receivable, net						2,149,773						2,313,371						—						—						2,313,371
Servicing rights						1,510						1,510						—						—						1,510
Interest rate swaps						3,891						3,891						—						3,891						—
Accrued interest receivable						15,325						15,325						—						3,033						12,292
FHLB stock						2,031						2,031						—						2,031						—
Embedded derivative						648						648						—						—						648
Financial Liabilities:
Deposits						$	3,001,648					$	3,006,451					$	—					$	3,006,451					$	—
Repurchase agreements						4,755						4,755						—						4,755						—
Interest rate swaps						3,891						3,891						—						3,891						—
Fair value hedge						6,617						6,617						—						6,617						—
Accrued interest payable						3,388						3,388						—						3,388						—
Subordinated debt						73,725						65,793						—						65,793						—
December 31, 2023
Financial assets:
Cash and cash equivalents						$	398,229					$	398,229					$	398,229					$	—					$	—
Securities available-for-sale						345,275						345,275						—						319,530						25,745
Equity securities						41,086						41,086						3,590						—						37,496
Loans held-for-sale						629						629						—						629						—
Loans receivable, net						2,295,470						2,230,279						—						—						2,230,279
Servicing rights						1,768						1,799						—						—						1,799
Interest rate swaps						6,249						6,249						—						6,249						—
Accrued interest receivable						15,267						15,267						—						2,836						12,431
FHLB stock						2,094						2,094						—						2,094						—
Embedded derivative						648						648						—						—						648
Financial liabilities:
Deposits						$	2,901,476					$	2,587,246					$	—					$	2,587,246					$	—
Repurchase agreements						4,821						4,821						—						4,821						—
Interest rate swaps						6,249						6,249						—						6,249						—
Fair value hedge						6,111						6,111						—						6,111						—
Accrued interest payable						2,385						2,385						—						2,385						—
Senior term loan						6,786						6,786						—						6,786						—
Subordinated debt						73,540						57,234						—						57,234						—

X

- 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
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration