Schedule of fair value measurements of assets recognized in the accompanying statements of financial condition measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements |
| | | | | | | | | | | | | | | | | | Fair value measurements using | | | | | | Quoted prices | | | | | | | | | | | | in active | | | | | | | | | | | | markets | | Other | | Significant | | | | | | for identical | | observable | | unobservable | | | | | | assets | | inputs | | inputs | | | Fair value | | (Level 1) | | (Level 2) | | (Level 3) | | | | (In Thousands) | March 31, 2025 | | | | | | | | | | | | | Available-for-sale securities | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 308,502 | | $ | — | | $ | 308,502 | | $ | — | Agency collateralized mortgage obligations | | | 116,111 | | | — | | | 116,111 | | | — | States and political subdivisions securities | | | 52,748 | | | — | | | 52,748 | | | — | Small Business Administration securities | | | 58,553 | | | — | | | 58,553 | | | — | Interest rate derivative asset | | | 6,995 | | | — | | | 6,995 | | | — | Interest rate derivative liability | | | (18,409) | | | — | | | (18,409) | | | — | | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | | | Available-for-sale securities | | | | | | | | | | | | | Agency mortgage-backed securities | | $ | 305,907 | | $ | — | | $ | 305,907 | | $ | — | Agency collateralized mortgage obligations | | | 113,624 | | | — | | | 113,624 | | | — | States and political subdivisions securities | | | 55,948 | | | — | | | 55,948 | | | — | Small Business Administration securities | | | 57,894 | | | — | | | 57,894 | | | — | Interest rate derivative asset | | | 8,065 | | | — | | | 8,065 | | | — | Interest rate derivative liability | | | (25,000) | | | — | | | (25,000) | | | — |
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Schedule of estimated fair values of the Company's financial instruments not recorded at fair value on the statements of financial condition |
| | | | | | | | | | | | | | | | | | | March 31, 2025 | | December 31, 2024 | | | Carrying | | Fair | | Hierarchy | | Carrying | | Fair | | Hierarchy | | | Amount | | Value | | Level | | Amount | | Value | | Level | | | | (In Thousands) | Financial assets | | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 217,181 | | $ | 217,181 | | 1 | | $ | 195,756 | | $ | 195,756 | | 1 | Held-to-maturity securities | | | 185,853 | | | 165,214 | | 2 | | | 187,433 | | | 162,765 | | 2 | Mortgage loans held for sale | | | 6,857 | | | 6,857 | | 2 | | | 6,937 | | | 6,937 | | 2 | Loans, net of allowance for credit losses | | | 4,690,636 | | | 4,546,532 | | 3 | | | 4,690,393 | | | 4,529,729 | | 3 | Interest receivable | | | 21,504 | | | 21,504 | | 3 | | | 20,430 | | | 20,430 | | 3 | Investment in FHLBank stock and other assets | | | 25,813 | | | 25,813 | | 3 | | | 28,392 | | | 28,392 | | 3 | | | | | | | | | | | | | | | | | | Financial liabilities | | | | | | | | | | | | | | | | | Deposits | | | 4,758,046 | | | 4,755,258 | | 3 | | | 4,605,549 | | | 4,602,312 | | 3 | Short-term borrowings | | | 435,229 | | | 435,229 | | 3 | | | 578,691 | | | 578,691 | | 3 | Subordinated debentures | | | 25,774 | | | 25,774 | | 3 | | | 25,774 | | | 25,774 | | 3 | Subordinated notes | | | 74,950 | | | 74,813 | | 2 | | | 74,876 | | | 74,438 | | 2 | Interest payable | | | 5,416 | | | 5,416 | | 3 | | | 12,761 | | | 12,761 | | 3 | | | | | | | | | | | | | | | | | | Unrecognized financial instruments (net of contractual value) | | | | | | | | | | | | | | | | | Commitments to originate loans | | | — | | | — | | 3 | | | — | | | — | | 3 | Letters of credit | | | 78 | | | 78 | | 3 | | | 72 | | | 72 | | 3 | Lines of credit | | | — | | | — | | 3 | | | — | | | — | | 3 |
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