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v3.21.2

Fair Value of Assets and Liabilities - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Dec. 31, 2020
--- | --- | ---
Assets: |  |
Securities available for sale | $ 363,413 | $ 286,389
Bank-owned life insurance | 20,382 | 20,205
Carrying Value |  |
Assets: |  |
Cash and short-term investments | 204,475 | 94,342
Securities available for sale | 363,413 | 286,389
Loans, net | 1,351,564 | 1,313,250
Loans held for sale | 116,789 | 214,266
Bank-owned life insurance | 20,382 | 20,205
Accrued interest receivable | 7,125 | 8,103
Financial liabilities: |  |
Demand and savings deposits | 1,411,980 | 1,282,590
Time deposits | 441,105 | 469,583
Borrowings | 86,394 | 69,864
Accrued interest payable | 581 | 1,109
Total Fair Value |  |
Assets: |  |
Cash and short-term investments | 203,974 | 94,379
Securities available for sale | 363,413 | 286,389
Loans, net | 1,368,093 | 1,308,569
Loans held for sale | 116,789 | 214,266
Bank-owned life insurance | 20,382 | 20,205
Accrued interest receivable | 7,125 | 8,103
Financial liabilities: |  |
Demand and savings deposits | 1,411,980 | 1,282,590
Time deposits | 444,446 | 474,154
Borrowings | 91,484 | 71,119
Accrued interest payable | 581 | 1,109
Total Fair Value | Level 1 |  |
Assets: |  |
Cash and short-term investments | 201,495 | 86,669
Accrued interest receivable | 7,125 | 8,103
Financial liabilities: |  |
Demand and savings deposits | 1,411,980 | 1,282,590
Accrued interest payable | 581 | 1,109
Total Fair Value | Level 2 |  |
Assets: |  |
Cash and short-term investments | 2,479 | 7,710
Securities available for sale | 363,413 | 286,389
Loans held for sale | 116,789 | 214,266
Bank-owned life insurance | 20,382 | 20,205
Financial liabilities: |  |
Time deposits | 444,446 | 474,154
Borrowings | 91,484 | 71,119
Total Fair Value | Level 3 |  |
Assets: |  |
Loans, net | 1,368,093 | 1,308,569
IRLC | Carrying Value |  |
Assets: |  |
Derivatives | 2,875 | 4,582
IRLC | Total Fair Value |  |
Assets: |  |
Derivatives | 2,875 | 4,582
IRLC | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 2,875 | 4,582
Interest rate swaps on loans | Carrying Value |  |
Assets: |  |
Derivatives | 4,961 | 8,185
Financial liabilities: |  |
Derivatives | 4,961 | 8,185
Interest rate swaps on loans | Total Fair Value |  |
Assets: |  |
Derivatives | 4,961 | 8,185
Financial liabilities: |  |
Derivatives | 4,961 | 8,185
Interest rate swaps on loans | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 4,961 | 8,185
Financial liabilities: |  |
Derivatives | 4,961 | 8,185
Forward sales of TBA securities | Carrying Value |  |
Assets: |  |
Derivatives | 45 |
Financial liabilities: |  |
Derivatives |  | 47
Forward sales of TBA securities | Total Fair Value |  |
Assets: |  |
Derivatives | 45 |
Financial liabilities: |  |
Derivatives |  | 47
Forward sales of TBA securities | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 45 |
Financial liabilities: |  |
Derivatives |  | 47
Cash flow hedges | Carrying Value |  |
Financial liabilities: |  |
Derivatives | 960 | 1,882
Cash flow hedges | Total Fair Value |  |
Financial liabilities: |  |
Derivatives | 960 | 1,882
Cash flow hedges | Total Fair Value | Level 2 |  |
Financial liabilities: |  |
Derivatives | 960 | 1,882
Cash flow hedges | Interest rate swaps on loans |  |
Financial liabilities: |  |
Derivatives | $ 960 | $ 1,882

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- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure. This item represents the amount of deposits that cannot be withdrawn before a set date without penalty or for which notice of withdrawal is required. Time deposits include, but are not limited to, certificates of deposits, individual retirement accounts and open accounts. + References No definition available. + Details
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- Definition The carrying amount of a life insurance policy on an officer, executive or employee for which the reporting entity (a bank) is entitled to proceeds from the policy upon death of the insured or surrender of the insurance policy. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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