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Business Combinations and Asset Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Acquisitions
The following table summarizes the consideration transferred and the fair values of identifiable assets acquired and liabilities assumed in connection with the Republic First Transaction:
Estimated Fair Value
(dollars in thousands)
Cash payment received from FDIC$809,920 
Assets acquired:
     Cash and due from banks208,451 
     Investment securities1,938,571 
     Loans2,495,810 
     Premises and equipment184 
     CDI92,600 
     FHLB Stock37,931 
     Accrued interest receivable16,164 
     Other assets10,179 
          Total assets 4,799,890 
Liabilities assumed:
     Deposits4,112,143 
Borrowings1,413,751 
Accrued interest payable33,444 
     Other liabilities2,641 
          Total liabilities5,561,979 
Net assets acquired:(762,089)
Gain on acquisition, before income taxes$47,831 
Gain on acquisition, net of income taxes$36,996 
The following table presents information with respect to the fair value and unpaid principal balance of acquired loans and leases at the Acquisition Date in connection with the Republic First Transaction:
April 26, 2024
Unpaid Principal BalanceEstimated Fair Value
(dollars in thousands)
Real estate - commercial mortgage$1,384,029 $1,234,409 
Commercial and industrial310,190 279,309 
Real-estate - residential mortgage947,144 752,331 
Real-estate - home equity90,882 84,369 
Real-estate - construction149,047 142,768 
Consumer2,638 2,624 
     Total acquired loans$2,883,930 $2,495,810 


The following table summarizes PCD Loans acquired in the Republic First Transaction as of the Acquisition Date:

April 26, 2024
(dollars in thousands)
Book balance of loans with deteriorated credit quality at acquisition$1,014,559 
Fair value of loans with deteriorated credit quality at acquisition895,588 
Fair value discount118,971 
PCD Loans credit discount(54,631)
Non-credit discount$64,340