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Fair Value Of Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Carrying Amount And Estimated Fair Value Of Assets And Liabilities |
| December 31, 2024
|  |  |  |  |  |  | Quoted prices |  | Significant |  |
|  |  |  |  |  |  | in active |  | other |  | Significant
|  |  |  |  |  |  | markets for |  | observable |  | unobservable
| Carrying |  | Estimated |  | identical assets |  | inputs |  | inputs
| amount |  | fair value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  | (Dollars in thousands)
Investment securities, available-for-sale | $ | 1,502,860 |  | $ | 1,502,860 |  | $ | — |  | $ | 1,499,398 |  | $ | 3,462
Federal Reserve, FHLB and ACBB stock |  | 15,642 |  |  | 15,642 |  |  | — |  |  | — |  |  | 15,642
Commercial loans, at fair value |  | 223,115 |  |  | 223,115 |  |  | — |  |  | — |  |  | 223,115
Loans, net of deferred loan fees and costs |  | 6,113,628 |  |  | 5,998,293 |  |  | — |  |  | — |  |  | 5,998,293
Accrued interest receivable |  | 41,713 |  |  | 41,713 |  |  | — |  |  | 41,713 |  |  | —
Demand and interest checking |  | 7,434,212 |  |  | 7,434,212 |  |  | — |  |  | 7,434,212 |  |  | —
Savings and money market |  | 311,834 |  |  | 311,834 |  |  | — |  |  | 311,834 |  |  | —
Senior debt |  | 96,214 |  |  | 99,000 |  |  | — |  |  | 99,000 |  |  | —
Subordinated debentures |  | 13,401 |  |  | 11,320 |  |  | — |  |  | — |  |  | 11,320
Other long-term borrowings |  | 14,081 |  |  | 14,081 |  |  | — |  |  | 14,081 |  |  | —
Accrued interest payable |  | 2,612 |  |  | 2,612 |  |  | — |  |  | 2,612 |  |  | —
| December 31, 2023
|  |  |  |  |  |  | Quoted prices |  | Significant |  |
|  |  |  |  |  |  | in active |  | other |  | Significant
|  |  |  |  |  |  | markets for |  | observable |  | unobservable
| Carrying |  | Estimated |  | identical assets |  | inputs |  | inputs
| amount |  | fair value |  | (Level 1) |  | (Level 2) |  | (Level 3)
|  | (Dollars in thousands)
Investment securities, available-for-sale | $ | 747,534 |  | $ | 747,534 |  | $ | — |  | $ | 735,463 |  | $ | 12,071
Federal Reserve, FHLB and ACBB stock |  | 15,591 |  |  | 15,591 |  |  | — |  |  | — |  |  | 15,591
Commercial loans, at fair value |  | 332,766 |  |  | 332,766 |  |  | — |  |  | — |  |  | 332,766
Loans, net of deferred loan fees and costs |  | 5,361,139 |  |  | 5,329,436 |  |  | — |  |  | — |  |  | 5,329,436
Accrued interest receivable |  | 37,534 |  |  | 37,534 |  |  | — |  |  | 37,534 |  |  | —
Interest rate swaps, asset |  | 285 |  |  | 285 |  |  | — |  |  | 285 |  |  | —
Demand and interest checking |  | 6,630,251 |  |  | 6,630,251 |  |  | — |  |  | 6,630,251 |  |  | —
Savings and money market |  | 50,659 |  |  | 50,659 |  |  | — |  |  | 50,659 |  |  | —
Senior debt |  | 95,859 |  |  | 96,539 |  |  | — |  |  | 96,539 |  |  | —
Subordinated debentures |  | 13,401 |  |  | 11,470 |  |  | — |  |  | — |  |  | 11,470
Other long-term borrowings |  | 38,561 |  |  | 38,561 |  |  | — |  |  | 38,561 |  |  | —
Securities sold under agreements to repurchase |  | 42 |  |  | 42 |  |  | 42 |  |  | — |  |  | —
Accrued interest payable |  | 1,060 |  |  | 1,060 |  |  | — |  |  | 1,060 |  |  | —
Changes In Company's Level 3 Assets | The Company’s Level 3 asset activity for the categories shown for the years 2024 and 2023 is as follows (dollars in thousands):
|  | Fair Value Measurements Using
|  | Significant Unobservable Inputs
|  | (Level 3)
| Available-for-sale |  | Commercial loans,
| securities |  | at fair value
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023
Beginning balance | $ | 12,071 |  | $ | 20,023 |  | $ | 332,766 |  | $ | 589,143
Transfers to OREO |  | — |  |  | — |  |  | (2,863) |  |  | (2,686)
Total net gains or (losses) (realized/unrealized) |  |  |  |  |  |  |  |  |  |  |
Included in earnings |  | — |  |  | — |  |  | 3,016 |  |  | 3,869
Included in earnings (included in credit loss) |  | — |  |  | (10,000) |  |  | — |  |  | —
Included in other comprehensive income (loss) |  | 503 |  |  | 2,048 |  |  | — |  |  | —
Purchases, advances, sales and settlements |  |  |  |  |  |  |  |  |  |  |
Advances |  | — |  |  | — |  |  | — |  |  | 134,256
Settlements |  | (9,112) |  |  | — |  |  | (109,804) |  |  | (391,816)
Ending balance | $ | 3,462 |  | $ | 12,071 |  | $ | 223,115 |  | $ | 332,766
Total losses year-to-date included |  |  |  |  |  |  |  |  |  |  |
in earnings attributable to the change in |  |  |  |  |  |  |  |  |  |  |
unrealized gains or losses relating to assets still |  |  |  |  |  |  |  |  |  |  |
held at the reporting date as shown above. | $ | — |  | $ | — |  | $ | (683) |  | $ | (3,085)
Schedule Of Other Real Estate Owned |
| December 31, 2024 |  | December 31, 2023
Beginning balance | $ | 16,949 |  | $ | 21,210
Transfer from loans, net |  | 42,120 |  |  | —
Transfer from commercial loans, at fair value |  | 2,863 |  |  | 2,686
Advances |  | 1,695 |  |  | —
Write-downs |  | — |  |  | (1,147)
Sales |  | (1,602) |  |  | (5,800)
Ending balance | $ | 62,025 |  | $ | 16,949
Fair Value Inputs, Assets, Quantitative Information |
|  | Fair value at |  |  |  |  |  | Range at |  | Weighted average at
Level 3 instruments only |  | December 31, 2024 |  | Valuation techniques |  | Unobservable inputs |  | December 31, 2024 |  | December 31, 2024
Commercial mortgage-backed investment |  |  |  |  |  |  |  |  |  |  |
security(1) |  | $ | 3,462 |  | Discounted cash flow |  | Discount rate |  | 9.45% |  | 9.45%
Commercial - SBA(2) |  |  | 89,902 |  | Discounted cash flow |  | Discount rate |  | 6.77% |  | 6.77%
Non-SBA commercial real estate(3) |  |  | 133,213 |  | Discounted cash flow and appraisal |  | Discount rate |  | 6.80%-11.50% |  | 8.77%
Commercial loans, at fair value |  |  | 223,115 |  |  |  |  |  |  |  |
OREO(4) |  |  | 62,025 |  | Appraised value |  | N/A |  | N/A |  | N/A
|  | Fair value at |  |  |  |  |  | Range at |  | Weighted average at
Level 3 instruments only |  | December 31, 2023 |  | Valuation techniques |  | Unobservable inputs |  | December 31, 2023 |  | December 31, 2023
Commercial mortgage-backed investment |  |  |  |  |  |  |  |  |  |  |
security |  | $ | 12,071 |  | Discounted cash flow |  | Discount rate |  | 14.00% |  | 14.00%
Commercial - SBA |  |  | 119,287 |  | Discounted cash flow |  | Discount rate |  | 7.46% |  | 7.46%
Non-SBA commercial real estate - fixed |  |  | 162,674 |  | Discounted cash flow and appraisal |  | Discount rate |  | 8.00%-12.30% |  | 8.76%
Non-SBA commercial real estate - floating |  |  | 50,805 |  | Discounted cash flow |  | Discount rate |  | 9.30%-16.50% |  | 14.19%
Commercial loans, at fair value |  |  | 332,766 |  |  |  |  |  |  |  |
OREO |  |  | 16,949 |  | Appraised value |  | N/A |  | N/A |  | N/A
Fair Value, Measurements, Recurring [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Assets Measured At Fair Value On A Recurring And Nonrecurring Basis |
|  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  | Quoted prices in active |  | Significant other |  | Significant
|  |  |  | markets for identical |  | observable |  | unobservable
| Fair value |  | assets |  | inputs |  | inputs
| December 31, 2024 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Investment securities, available-for-sale |  |  |  |  |  |  |  |  |  |  |
U.S. Government agency securities | $ | 29,962 |  | $ | — |  | $ | 29,962 |  | $ | —
Asset-backed securities |  | 214,499 |  |  | — |  |  | 214,499 |  |  | —
Obligations of states and political subdivisions |  | 35,620 |  |  | — |  |  | 35,620 |  |  | —
Residential mortgage-backed securities |  | 433,419 |  |  | — |  |  | 433,419 |  |  | —
Collateralized mortgage obligation securities |  | 26,152 |  |  | — |  |  | 26,152 |  |  | —
Commercial mortgage-backed securities |  | 763,208 |  |  | — |  |  | 759,746 |  |  | 3,462
Total investment securities, available-for-sale |  | 1,502,860 |  |  | — |  |  | 1,499,398 |  |  | 3,462
Commercial loans, at fair value |  | 223,115 |  |  | — |  |  | — |  |  | 223,115
| $ | 1,725,975 |  | $ | — |  | $ | 1,499,398 |  | $ | 226,577
|  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  | Quoted prices in active |  | Significant other |  | Significant
|  |  |  | markets for identical |  | observable |  | unobservable
| Fair value |  | assets |  | inputs |  | inputs
| December 31, 2023 |  | (Level 1) |  | (Level 2) |  | (Level 3)
| . |  |  |  |  |  |  |  |  |  |
Investment securities, available-for-sale |  |  |  |  |  |  |  |  |  |  |
U.S. Government agency securities | $ | 33,886 |  | $ | — |  | $ | 33,886 |  | $ | —
Asset-backed securities |  | 325,353 |  |  | — |  |  | 325,353 |  |  | —
Obligations of states and political subdivisions |  | 47,237 |  |  | — |  |  | 47,237 |  |  | —
Residential mortgage-backed securities |  | 160,767 |  |  | — |  |  | 160,767 |  |  | —
Collateralized mortgage obligation securities |  | 34,038 |  |  | — |  |  | 34,038 |  |  | —
Commercial mortgage-backed securities |  | 146,253 |  |  | — |  |  | 134,182 |  |  | 12,071
Total investment securities, available-for-sale |  | 747,534 |  |  | — |  |  | 735,463 |  |  | 12,071
Commercial loans, at fair value |  | 332,766 |  |  | — |  |  | — |  |  | 332,766
Interest rate swaps, asset |  | 285 |  |  | — |  |  | 285 |  |  | —
| $ | 1,080,585 |  | $ | — |  | $ | 735,748 |  | $ | 344,837
Fair Value, Measurements, Nonrecurring [Member] |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
Assets Measured At Fair Value On A Recurring And Nonrecurring Basis |
|  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  | Quoted prices in active |  | Significant other |  | Significant
|  |  |  | markets for identical |  | observable |  | unobservable
| Fair value |  | assets |  | inputs |  | inputs(1)
Description | December 31, 2024 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Collateral dependent loans with specific reserves(1) | $ | 6,587 |  | $ | — |  | $ | — |  | $ | 6,587
OREO |  | 62,025 |  |  | — |  |  | — |  |  | 62,025
| $ | 68,612 |  | $ | — |  | $ | — |  | $ | 68,612
|  |  |  | Fair Value Measurements at Reporting Date Using
|  |  |  | Quoted prices in active |  | Significant other |  | Significant
|  |  |  | markets for identical |  | observable |  | unobservable
| Fair value |  | assets |  | inputs |  | inputs(1)
Description | December 31, 2023 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Collateral dependent loans with specific reserves(1) | $ | 8,944 |  | $ | — |  | $ | — |  | $ | 8,944
OREO |  | 16,949 |  |  | — |  |  | — |  |  | 16,949
| $ | 25,893 |  | $ | — |  | $ | — |  | $ | 25,893
(1) The method of valuation approach for the loans evaluated for an allowance for credit losses on an individual loan basis and also for OREO was the market approach based upon appraisals of the underlying collateral by external appraisers, reduced by 7% to 10% for estimated selling costs.

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