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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Assets Measured on Recurring and Nonrecurring Basis | Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at March 31, 2025 and December 31, 2024 included:
(In thousands) |  | Fair Value Measurements |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
At March 31, 2025 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Debt securities available-for-sale 1 |  | $ | 2,627,959 |  |  | $ | 197 |  |  | $ | 2,627,762 |  |  | $ | — |
Derivative financial instruments 2 |  | 26,973 |  |  | — |  |  | 26,973 |  |  | — |
Loans held for sale 2 |  | 16,016 |  |  | — |  |  | 16,016 |  |  | — |
Loans 3 |  | 1,950 |  |  | — |  |  | — |  |  | 1,950 |
OREO 3 |  | 7,176 |  |  | — |  |  | — |  |  | 7,176 |
Equity securities 4 |  | 13,717 |  |  | 13,717 |  |  | — |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |
Derivative financial instruments 2 |  | $ | 26,864 |  |  | $ | — |  |  | $ | 26,864 |  |  | $ | — |
At December 31, 2024 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Debt securities available-for-sale 1 |  | $ | 2,226,543 |  |  | $ | 196 |  |  | $ | 2,226,347 |  |  | $ | — |
Derivative financial instruments 2 |  | 28,741 |  |  | — |  |  | 28,741 |  |  | — |
Loans held for sale 2 |  | 17,277 |  |  | — |  |  | 17,277 |  |  | — |
Loans 3 |  | 1,839 |  |  | — |  |  | — |  |  | 1,839 |
OREO 3 |  | 6,421 |  |  | — |  |  | — |  |  | 6,421 |
Equity securities 4 |  | 13,521 |  |  | 13,521 |  |  | — |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |
Derivative financial instruments 2 |  | $ | 28,305 |  |  | $ | — |  |  | $ | 28,305 |  |  | $ | — |
1 See “Note 3 – Securities” for further detail of fair value of individual investment categories.
2 Recurring fair value basis determined using observable market data.
3 Fair value is measured on a nonrecurring basis.
4 Investment in shares of mutual funds that invest primarily in CRA-qualified debt securities, reported at fair value in Other Assets. Recurring fair value basis is determined using market quotations.
Schedule of Carrying Amount and Fair Value of Other Significant Financial Instruments Not Measured on a Recurring Basis | The carrying amount and fair value of the Company’s other financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of March 31, 2025 and December 31, 2024 is as follows:
(In thousands) |  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
March 31, 2025 |  |  |  |  |  |  |  |
Financial Assets |  |  |  |  |  |  |  |
Held-to-maturity debt securities 1 |  | $ | 624,650 |  |  | $ | — |  |  | $ | 509,751 |  |  | $ | — |
Time deposits with other banks |  | 1,494 |  |  | — |  |  | 1,444 |  |  | — |
Loans, net |  | 10,300,804 |  |  | — |  |  | — |  |  | 10,176,542 |
Financial Liabilities |  |  |  |  |  |  |  |
Deposits |  | 12,574,796 |  |  | — |  |  | — |  |  | 12,573,285 |
FHLB borrowings |  | 465,000 |  |  | — |  |  | 463,106 |  |  | — |
Long-term debt |  | 107,132 |  |  | — |  |  | 96,944 |  |  | — |
December 31, 2024 |  |  |  |  |  |  |  |
Held-to-maturity debt securities 1 |  | $ | 635,186 |  |  | $ | — |  |  | $ | 507,594 |  |  | $ | — |
Time deposits with other banks |  | 3,215 |  |  | — |  |  | 3,194 |  |  | — |
Loans, net |  | 10,160,056 |  |  | — |  |  | — |  |  | 10,019,964 |
Financial Liabilities |  |  |  |  |  |  |  |
Deposits |  | 12,242,427 |  |  | — |  |  | — |  |  | 12,242,205 |
FHLB borrowings |  | 245,000 |  |  | — |  |  | 243,795 |  |  | — |
Long-term debt |  | 106,966 |  |  | — |  |  | 95,563 |  |  | — |
1 See “Note 3 – Securities” for further detail of recurring fair value basis of individual investment categories.

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