XML 107 R91.htm IDEA: XBRL DOCUMENT v3.25.0.1
Fair Value Of Financial Instruments (Assets Measured At Fair Value On A Recurring And Nonrecurring Basis) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Assets measured at fair value on a recurring basis [Abstract]        
Total investment securities, available-for-sale $ 1,502,860   $ 747,534  
Commercial loans, at fair value 223,100   332,800  
Assets measured on a nonrecurring basis [Abstract]        
Collateral dependent loans with specific reserves 10,900   11,800  
Other real estate owned $ 62,025 $ 41,100 16,949 $ 21,210
Estimated selling costs, percentage reduction 7.00%      
Estimated selling costs 10.00%      
Fair Value, Measurements, Recurring [Member]        
Assets measured at fair value on a recurring basis [Abstract]        
U.S. Government agency securities $ 29,962   33,886  
Asset-backed securities 214,499   325,353  
Obligations of states and political subdivisions 35,620   47,237  
Residential mortgage-backed securities 433,419   160,767  
Collateralized mortgage obligation securities 26,152   34,038  
Commercial mortgage-backed securities 763,208   146,253  
Total investment securities, available-for-sale 1,502,860   747,534  
Commercial loans, at fair value 223,115   332,766  
Interest rate swaps, asset     285  
Total assets 1,725,975   1,080,585  
Fair Value, Measurements, Nonrecurring [Member]        
Assets measured on a nonrecurring basis [Abstract]        
Collateral dependent loans with specific reserves [1] 6,587   8,944  
Other real estate owned 62,025   16,949  
Assets nonrecurring $ 68,612   25,893  
Estimated selling costs, percentage reduction 7.00%      
Estimated selling costs 10.00%      
Significant Other Observable Inputs (Level 2) [Member]        
Assets measured at fair value on a recurring basis [Abstract]        
Total investment securities, available-for-sale $ 1,499,398   735,463  
Interest rate swaps, asset     285  
Significant Other Observable Inputs (Level 2) [Member] | Fair Value, Measurements, Recurring [Member]        
Assets measured at fair value on a recurring basis [Abstract]        
U.S. Government agency securities 29,962   33,886  
Asset-backed securities 214,499   325,353  
Obligations of states and political subdivisions 35,620   47,237  
Residential mortgage-backed securities 433,419   160,767  
Collateralized mortgage obligation securities 26,152   34,038  
Commercial mortgage-backed securities 759,746   134,182  
Total investment securities, available-for-sale 1,499,398   735,463  
Interest rate swaps, asset     285  
Total assets 1,499,398   735,748  
Significant Unobservable Inputs (Level 3) [Member]        
Assets measured at fair value on a recurring basis [Abstract]        
Total investment securities, available-for-sale 3,462   12,071  
Commercial loans, at fair value 223,115   332,766  
Assets measured on a nonrecurring basis [Abstract]        
Other real estate owned 62,025   16,949  
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Recurring [Member]        
Assets measured at fair value on a recurring basis [Abstract]        
Commercial mortgage-backed securities 3,462   12,071  
Total investment securities, available-for-sale 3,462   12,071  
Commercial loans, at fair value 223,115   332,766  
Total assets 226,577   344,837  
Significant Unobservable Inputs (Level 3) [Member] | Fair Value, Measurements, Nonrecurring [Member]        
Assets measured on a nonrecurring basis [Abstract]        
Collateral dependent loans with specific reserves [1] 6,587   8,944  
Other real estate owned 62,025   16,949  
Assets nonrecurring $ 68,612   $ 25,893  
[1]

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.