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v3.25.2

BORROWINGS (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Summary of Borrowings | The following table summarizes the Corporation’s borrowings as of June 30, 2025 and December 31, 2024.
| June 30, 2025 |  | December 31, 2024
Federal funds purchased | $ | 85,000 |  |  | $ | 99,226 |
Securities sold under repurchase agreements | 114,758 |  |  | 142,876 |
Federal Home Loan Bank advances | 898,702 |  |  | 822,554 |
Subordinated debentures and other borrowings | 62,617 |  |  | 93,529 |
Total Borrowings | $ | 1,161,077 |  |  | $ | 1,158,185 |
Summary of Collateral Pledged for Repurchase Agreements | The collateral pledged for all repurchase agreements that are accounted for as secured borrowings as of June 30, 2025 and December 31, 2024 were:
| June 30, 2025
| Remaining Contractual Maturity of the Agreements
| Overnight and Continuous |  | Up to 30 Days |  | 30-90 Days |  | Greater Than 90 Days |  | Total
U.S. Government-sponsored mortgage-backed securities | $ | 114,758 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 114,758 |
| December 31, 2024
| Remaining Contractual Maturity of the Agreements
| Overnight and Continuous |  | Up to 30 Days |  | 30-90 Days |  | Greater Than 90 Days |  | Total
U.S. Government-sponsored mortgage-backed securities | $ | 142,876 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 142,876 |
Summary of Contractual Maturities of Borrowings | Contractual maturities of borrowings as of June 30, 2025, are as follows:
Maturities in Years Ending December 31: | Federal Funds Purchased |  | Securities Sold Under Repurchase Agreements |  | Federal Home Loan Bank Advances |  | Subordinated Debentures and Term Loans
2025 | $ | 85,000 |  |  | $ | 114,758 |  |  | $ | 100,000 |  |  | $ | 1,111 |
2026 | — |  |  | — |  |  | 75,000 |  |  | — |
2027 | — |  |  | — |  |  | 320,000 |  |  | — |
2028 | — |  |  | — |  |  | 290,000 |  |  | 5,000 |
2029 | — |  |  | — |  |  | 50,000 |  |  | — |
2030 and after | — |  |  | — |  |  | 63,702 |  |  | 60,566 |
ASC 805 fair value adjustments at acquisition | — |  |  | — |  |  | — |  |  | (4,060) |
| $ | 85,000 |  |  | $ | 114,758 |  |  | $ | 898,702 |  |  | $ | 62,617 |

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