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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Investments All Other Investments [Abstract] |
Summary of Carrying Values and Fair Values of Financial Instruments | The fair value of the debentures payable to the SBA is estimated based on current market interest rates for similar debt.
|  | December 31, 2020 |  |  | December 31, 2019 |
(Dollars in thousands) |  | Carrying Amount |  |  | Fair Value |  |  | Carrying Amount |  |  | Fair Value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash, cash equivalents, and federal funds sold (1) |  | $ | 112,040 |  |  | $ | 112,040 |  |  | $ | 67,821 |  |  | $ | 67,821 |
Equity investments |  |  | 9,746 |  |  |  | 9,746 |  |  |  | 10,079 |  |  |  | 10,079 |
Investment securities |  |  | 46,792 |  |  |  | 46,792 |  |  |  | 48,998 |  |  |  | 48,998 |
Loans receivable |  |  | 1,172,290 |  |  |  | 1,172,290 |  |  |  | 1,114,762 |  |  |  | 1,114,762 |
Accrued interest receivable (2) |  |  | 10,338 |  |  |  | 10,338 |  |  |  | 8,662 |  |  |  | 8,662 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Funds borrowed (3) |  |  | 1,312,255 |  |  |  | 1,312,591 |  |  |  | 1,169,593 |  |  |  | 1,171,274 |
Accrued interest payable (2) |  |  | 4,673 |  |  |  | 4,673 |  |  |  | 4,398 |  |  |  | 4,398 |
(1) | Categorized as level 1 within the fair value hierarchy, excluding $1,500 of interest-bearing deposits categorized as level 2. See Note 17.
(2) | Categorized as level 3 within the fair value hierarchy. See Note 17.
(3) | As of December 31, 2020 and 2019, publicly traded unsecured notes traded at a premium to par of $336 and $1,681.

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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 http://asc.fasb.org/extlink&oid=121572278&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 http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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