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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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 ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level I)Significant Other Observable Inputs (Level II)Significant Unobservable Inputs (Level III)
June 30, 2025
Financial Assets:
Cash and cash equivalents$399,379 $399,379 $399,379 $— $— 
Securities available-for-sale396,555 396,555 — 371,620 24,935 
Equity securities43,923 43,923 6,289 — 37,634 
Loans receivable, net2,132,524 2,283,720 — — 2,283,720 
Interest rate swaps3,419 3,419 — 3,419 — 
Accrued interest receivable14,741 14,741 — 3,517 11,224 
FHLB stock2,071 2,071 — 2,071 — 
Embedded derivative648 648 — — 648 
Financial Liabilities:
Deposits$2,804,423 $2,756,748 $— $2,756,748 $— 
Repurchase agreements3,027 3,027 — 3,027 — 
Interest rate swaps3,419 3,419 — 3,419 — 
Fair value hedge1,039 1,039 — 1,039 — 
Accrued interest payable2,072 2,072 — 2,072 — 
Subordinated debt73,912 69,729 — 69,729 — 
December 31, 2024
Financial assets:
Cash and cash equivalents$317,913 $317,913 $317,913 $— $— 
Securities available-for-sale410,959 410,959 — 385,466 25,493 
Equity securities42,583 42,583 4,994 — 37,589 
Loans receivable, net2,080,468 2,186,572 — — 2,186,572 
Interest rate swaps5,913 5,913 — 5,913 — 
Accrued interest receivable16,537 16,537 — 6,815 9,722 
FHLB stock2,011 2,011 — 2,011 — 
Embedded derivative648 648 — — 648 
Financial liabilities:
Deposits$2,693,615 $2,606,342 $— $2,606,342 $— 
Repurchase agreements2,759 2,759 — 2,759 — 
Interest rate swaps5,913 5,913 — 5,913 — 
Fair value hedge112 112 — 112 — 
Accrued interest payable5,788 5,788 — 5,788 — 
Subordinated debt73,787 106,038 — 106,038 —