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v3.22.1

Fair Value of Assets and Liabilities - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Assets: |  |
Securities available for sale | $ 415,532 | $ 373,073
Bank-owned life insurance | 20,705 | 20,597
Carrying Value |  |
Assets: |  |
Cash and short-term investments | 270,928 | 269,487
Securities available for sale | 415,532 | 373,073
Loans, net | 1,401,841 | 1,369,903
Loans held for sale | 46,659 | 82,295
Bank-owned life insurance | 20,705 | 20,597
Accrued interest receivable | 6,953 | 6,810
Financial liabilities: |  |
Demand and savings deposits | 1,568,892 | 1,488,893
Time deposits | 400,769 | 425,721
Borrowings | 81,807 | 84,115
Accrued interest payable | 434 | 715
Total Fair Value |  |
Assets: |  |
Cash and short-term investments | 270,406 | 268,980
Securities available for sale | 415,532 | 373,073
Loans, net | 1,405,244 | 1,379,564
Loans held for sale | 46,659 | 82,295
Bank-owned life insurance | 20,705 | 20,597
Accrued interest receivable | 6,953 | 6,810
Financial liabilities: |  |
Demand and savings deposits | 1,568,892 | 1,488,893
Time deposits | 402,981 | 428,462
Borrowings | 85,137 | 89,609
Accrued interest payable | 434 | 715
Total Fair Value | Level 1 |  |
Assets: |  |
Cash and short-term investments | 268,938 | 267,745
Accrued interest receivable | 6,953 | 6,810
Financial liabilities: |  |
Demand and savings deposits | 1,568,892 | 1,488,893
Accrued interest payable | 434 | 715
Total Fair Value | Level 2 |  |
Assets: |  |
Cash and short-term investments | 1,468 | 1,235
Securities available for sale | 415,532 | 373,073
Loans held for sale | 46,659 | 82,295
Bank-owned life insurance | 20,705 | 20,597
Financial liabilities: |  |
Time deposits | 402,981 | 428,462
Borrowings | 85,137 | 89,609
Total Fair Value | Level 3 |  |
Assets: |  |
Loans, net | 1,405,244 | 1,379,564
IRLC | Carrying Value |  |
Assets: |  |
Derivatives | 1,767 | 1,523
IRLC | Total Fair Value |  |
Assets: |  |
Derivatives | 1,767 | 1,523
IRLC | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 1,767 | 1,523
Interest rate swaps on loans | Carrying Value |  |
Assets: |  |
Derivatives | 1,554 | 3,467
Financial liabilities: |  |
Derivatives | 1,554 | 3,467
Interest rate swaps on loans | Total Fair Value |  |
Assets: |  |
Derivatives | 1,554 | 3,467
Financial liabilities: |  |
Derivatives | 1,554 | 3,467
Interest rate swaps on loans | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 1,554 | 3,467
Financial liabilities: |  |
Derivatives | 1,554 | 3,467
Forward sales of TBA securities | Carrying Value |  |
Financial liabilities: |  |
Derivatives |  | 3
Forward sales of TBA securities | Total Fair Value |  |
Financial liabilities: |  |
Derivatives |  | 3
Forward sales of TBA securities | Total Fair Value | Level 2 |  |
Financial liabilities: |  |
Derivatives |  | 3
Cash flow hedges | Carrying Value |  |
Assets: |  |
Derivatives | 575 |
Financial liabilities: |  |
Derivatives |  | 665
Cash flow hedges | Total Fair Value |  |
Assets: |  |
Derivatives | 575 |
Financial liabilities: |  |
Derivatives |  | 665
Cash flow hedges | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 575 |
Financial liabilities: |  |
Derivatives |  | 665
Cash flow hedges | Interest rate swaps on loans |  |
Assets: |  |
Derivatives | $ 575 |
Financial liabilities: |  |
Derivatives |  | $ 665

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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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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
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