XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.25.1

Fair Value of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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)
March 31, 2025 |  |  |  |  |  |  |  |  |  |
Financial Assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 251,450 |  |  | $ | 251,450 |  |  | $ | 251,450 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 419,617 |  |  | 419,617 |  |  | — |  |  | 394,455 |  |  | 25,162 |
Equity securities |  | 44,317 |  |  | 44,317 |  |  | 6,728 |  |  | — |  |  | 37,589 |
Loans receivable, net |  | 2,044,131 |  |  | 2,150,017 |  |  | — |  |  | — |  |  | 2,150,017 |
Interest rate swaps |  | 4,349 |  |  | 4,349 |  |  | — |  |  | 4,349 |  |  | — |
Accrued interest receivable |  | 14,912 |  |  | 14,912 |  |  | — |  |  | 3,350 |  |  | 11,562 |
FHLB stock |  | 1,988 |  |  | 1,988 |  |  | — |  |  | 1,988 |  |  | — |
Embedded derivative |  | 648 |  |  | 648 |  |  | — |  |  | — |  |  | 648 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,583,798 |  |  | $ | 2,543,232 |  |  | $ | — |  |  | $ | 2,543,232 |  |  | $ | — |
Repurchase agreements |  | 4,047 |  |  | 4,047 |  |  | — |  |  | 4,047 |  |  | — |
Interest rate swaps |  | 4,349 |  |  | 4,349 |  |  | — |  |  | 4,349 |  |  | — |
Fair value hedge |  | 543 |  |  | 543 |  |  | — |  |  | 543 |  |  | — |
Accrued interest payable |  | 3,145 |  |  | 3,145 |  |  | — |  |  | 3,145 |  |  | — |
Subordinated debt |  | 73,850 |  |  | 69,010 |  |  | — |  |  | 69,010 |  |  | — |
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Financial assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 317,913 |  |  | $ | 317,913 |  |  | $ | 317,913 |  |  | $ | — |  |  | $ | — |
Securities available-for-sale |  | 411,640 |  |  | 411,640 |  |  | — |  |  | 386,147 |  |  | 25,493 |
Equity securities |  | 42,583 |  |  | 42,583 |  |  | 4,994 |  |  | — |  |  | 37,589 |
Loans receivable, net |  | 2,080,468 |  |  | 2,186,572 |  |  | — |  |  | — |  |  | 2,186,572 |
Interest rate swaps |  | 5,913 |  |  | 5,913 |  |  | — |  |  | 5,913 |  |  | — |
Accrued interest receivable |  | 16,537 |  |  | 16,537 |  |  | — |  |  | 6,815 |  |  | 9,722 |
FHLB stock |  | 2,011 |  |  | 2,011 |  |  | — |  |  | 2,011 |  |  | — |
Embedded derivative |  | 648 |  |  | 648 |  |  | — |  |  | — |  |  | 648 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 2,693,615 |  |  | $ | 2,606,342 |  |  | $ | — |  |  | $ | 2,606,342 |  |  | $ | — |
Repurchase agreements |  | 2,759 |  |  | 2,759 |  |  | — |  |  | 2,759 |  |  | — |
Interest rate swaps |  | 5,913 |  |  | 5,913 |  |  | — |  |  | 5,913 |  |  | — |
Fair value hedge |  | 112 |  |  | 112 |  |  | — |  |  | 112 |  |  | — |
Accrued interest payable |  | 5,788 |  |  | 5,788 |  |  | — |  |  | 5,788 |  |  | — |
Subordinated debt |  | 73,787 |  |  | 106,038 |  |  | — |  |  | 106,038 |  |  | — |

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