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v3.23.2

Fair Value of Assets and Liabilities - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Assets: |  |
Securities available for sale | $ 490,884 | $ 512,591
Bank-owned life insurance | 21,130 | 20,909
Carrying Value |  |
Assets: |  |
Cash and short-term investments | 61,393 | 28,898
Securities available for sale | 490,884 | 512,591
Loans, net | 1,646,462 | 1,595,200
Loans held for sale | 36,317 | 14,259
Other investments | 3,509 | 3,649
Bank-owned life insurance | 21,130 | 20,909
Accrued interest receivable | 9,266 | 8,982
Financial liabilities: |  |
Demand and savings deposits | 1,451,148 | 1,622,566
Time deposits | 546,323 | 381,294
Borrowings | 169,550 | 85,943
Accrued interest payable | 2,405 | 950
Total Fair Value |  |
Assets: |  |
Cash and short-term investments | 61,349 | 28,850
Securities available for sale | 490,884 | 512,591
Loans, net | 1,597,086 | 1,538,062
Loans held for sale | 36,317 | 14,259
Other investments | 3,509 | 3,649
Bank-owned life insurance | 21,130 | 20,909
Accrued interest receivable | 9,266 | 8,982
Financial liabilities: |  |
Demand and savings deposits | 1,451,148 | 1,622,566
Time deposits | 541,112 | 374,267
Borrowings | 155,877 | 71,906
Accrued interest payable | 2,405 | 950
Total Fair Value | Level 1 |  |
Assets: |  |
Cash and short-term investments | 58,905 | 26,661
Accrued interest receivable | 9,266 | 8,982
Financial liabilities: |  |
Demand and savings deposits | 1,451,148 | 1,622,566
Accrued interest payable | 2,405 | 950
Total Fair Value | Level 2 |  |
Assets: |  |
Cash and short-term investments | 2,444 | 2,189
Securities available for sale | 490,884 | 512,591
Loans held for sale | 36,317 | 14,259
Other investments | 3,509 | 3,649
Bank-owned life insurance | 21,130 | 20,909
Financial liabilities: |  |
Time deposits | 541,112 | 374,267
Borrowings | 155,877 | 71,906
Total Fair Value | Level 3 |  |
Assets: |  |
Loans, net | 1,597,086 | 1,538,062
IRLC | Carrying Value |  |
Assets: |  |
Derivatives | 775 | 391
IRLC | Total Fair Value |  |
Assets: |  |
Derivatives | 775 | 391
IRLC | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 775 | 391
Interest rate swaps on loans | Carrying Value |  |
Assets: |  |
Derivatives | 5,900 | 6,328
Financial liabilities: |  |
Derivatives | 5,900 | 6,328
Interest rate swaps on loans | Total Fair Value |  |
Assets: |  |
Derivatives | 5,900 | 6,328
Financial liabilities: |  |
Derivatives | 5,900 | 6,328
Interest rate swaps on loans | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 5,900 | 6,328
Financial liabilities: |  |
Derivatives | 5,900 | 6,328
Cash flow hedges | Carrying Value |  |
Assets: |  |
Derivatives | 1,893 | 1,941
Cash flow hedges | Total Fair Value |  |
Assets: |  |
Derivatives | 1,893 | 1,941
Cash flow hedges | Total Fair Value | Level 2 |  |
Assets: |  |
Derivatives | 1,893 | 1,941
Cash flow hedges | Interest rate swaps on loans |  |
Assets: |  |
Derivatives | $ 1,893 | $ 1,941

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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 https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
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