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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on a Recurring and Nonrecurring Basis
The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2025.
Description of Financial Instruments ($ in thousands)
Fair Value at December 31,
2025
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Recurring    
Securities available for sale:    
U.S. Treasury securities$168,095$$168,095$
Government-sponsored enterprise securities1,7581,758
Mortgage-backed securities1,860,3571,859,690667
Corporate bonds18,34617,3461,000
Total available for sale securities$2,048,556$$2,046,889$1,667
Derivative financial assets$3,418$$3,418$
Presold mortgages in process of settlement$7,790$$7,790$
Derivative financial liabilities$3,445$$3,445$
Nonrecurring
Individually evaluated loans$9,659$$$9,659
Foreclosed real estate$168$$$168
The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2024.
Description of Financial Instruments ($ in thousands)
Fair Value at December 31,
2024
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Recurring    
Securities available for sale:
    
U.S. Treasury securities$120,581 $— $120,581 $— 
Government-sponsored enterprise securities9,614 — 9,614 — 
Mortgage-backed securities1,897,175 — 1,896,469 706 
Corporate bonds15,692 — 13,942 1,750 
Total available for sale securities$2,043,062 $— $2,040,606 $2,456 
Derivative financial assets$301 $— $301 $— 
Presold Mortgages in process of settlement$5,942 $— $5,942 $— 
Derivative financial liabilities$302 $— $302 $— 
Nonrecurring
Individually evaluated loans$879 $— $— $879 
Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments not carried at fair value as of December 31, 2025 and 2024 are as follows:
 December 31, 2025December 31, 2024
 
($ in thousands)
Level in
Fair Value
Hierarchy
Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
Cash and due from banks, noninterest-bearing
Level 1$146,759 $146,759 $78,596 $78,596 
Due from banks, interest-bearing
Level 1162,836 162,836 428,911 428,911 
Securities held to maturity
Level 2513,099 448,452 519,998 428,571 
Total loans, net of allowance
Level 38,598,838 8,259,890 7,972,104 7,514,505 
SBA servicing assetLevel 31,747 2,963 2,604 3,746 
Demand deposits, money market and savingsLevel 19,944,779 9,944,779 9,593,557 9,593,557 
Time depositsLevel 2803,642 801,150 936,968 933,523 
Borrowings
Level 274,569 69,421 91,876 81,216