| Estimated Recorded Book Balances and Fair Values |
The estimated recorded book balances and fair values follow: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Using | | Recorded
Book
Balance | | Fair Value | | Quoted
Prices
in Active
Markets
for
Identical
Assets
(Level 1) | | Significant
Other
Observable
Inputs
(Level 2) | | Significant
Un-
observable
Inputs
(Level 3) | | (In thousands) | | June 30, 2025 | | | | | | | | | | | Assets | | | | | | | | | | | Cash and due from banks | $ | 74,354 | | | $ | 74,354 | | | $ | 74,354 | | | $ | — | | | $ | — | | | Interest bearing deposits | 71,805 | | | 71,805 | | | 71,805 | | | — | | | — | | | Securities available for sale | 509,511 | | | 509,511 | | | — | | | 509,511 | | | — | | | Securities held to maturity | 329,302 | | | 293,658 | | | — | | | 293,658 | | | — | | | Federal Home Loan Bank and Federal | | | | | | | | | | | Reserve Bank Stock | 18,102 | | | NA | | NA | | NA | | NA | | Net loans and loans held for sale | 4,115,702 | | | 3,946,951 | | | — | | | 12,492 | | | 3,934,459 | | | Accrued interest receivable | 19,500 | | | 19,500 | | | 40 | | | 5,454 | | | 14,006 | | | Derivative financial instruments | 34,191 | | | 34,191 | | | — | | | 34,191 | | | — | | | | | | | | | | | | | Liabilities | | | | | | | | | | | Deposits with no stated maturity (1) | $ | 3,807,413 | | | $ | 3,807,413 | | | $ | 3,807,413 | | | $ | — | | | $ | — | | | Deposits with stated maturity (1) | 851,946 | | | 849,694 | | | — | | | 849,694 | | | — | | | Other borrowings | 102,008 | | | 101,632 | | | — | | | 101,632 | | | — | | | Subordinated debt | 39,624 | | | 40,471 | | | — | | | 40,471 | | | — | | | Subordinated debentures | 39,830 | | | 39,585 | | | — | | | 39,585 | | | — | | | Accrued interest payable | 3,701 | | | 3,701 | | | 351 | | | 3,350 | | | — | | | Derivative financial instruments | 20,754 | | | 20,754 | | | — | | | 20,754 | | | — | | | | | | | | | | | | | December 31, 2024 | | | | | | | | | | | Assets | | | | | | | | | | | Cash and due from banks | $ | 56,984 | | | $ | 56,984 | | | $ | 56,984 | | | $ | — | | | $ | — | | | Interest bearing deposits | 62,898 | | | 62,898 | | | 62,898 | | | — | | | — | | | Securities available for sale | 559,182 | | | 559,182 | | | — | | | 559,182 | | | — | | | Securities held to maturity | 339,436 | | | 301,860 | | | — | | | 301,860 | | | — | | | Federal Home Loan Bank and Federal | | | | | | | | | | | Reserve Bank Stock | 16,099 | | | NA | | NA | | NA | | NA | | Net loans and loans held for sale | 3,987,089 | | | 3,772,862 | | | — | | | 7,643 | | | 3,765,219 | | | Accrued interest receivable | 19,113 | | | 19,113 | | | 46 | | | 5,606 | | | 13,461 | | | Derivative financial instruments | 37,059 | | | 37,059 | | | — | | | 37,059 | | | — | | | | | | | | | | | | | Liabilities | | | | | | | | | | | Deposits with no stated maturity (1) | $ | 3,806,185 | | | $ | 3,806,185 | | | $ | 3,806,185 | | | $ | — | | | $ | — | | | Deposits with stated maturity (1) | 847,903 | | | 845,534 | | | — | | | 845,534 | | | — | | | Other borrowings | 45,009 | | | 44,996 | | | — | | | 44,996 | | | — | | | Subordinated debt | 39,586 | | | 40,412 | | | — | | | 40,412 | | | — | | | Subordinated debentures | 39,796 | | | 40,235 | | | — | | | 40,235 | | | — | | | Accrued interest payable | 3,109 | | | 3,109 | | | 374 | | | 2,735 | | | — | | | Derivative financial instruments | 18,623 | | | 18,623 | | | — | | | 18,623 | | | — | |
| | | | | | | (1) | Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $809.496 million and $797.224 million at June 30, 2025 and December 31, 2024, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $102.318 million and $109.807 million at June 30, 2025 and December 31, 2024, respectively. |
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