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FAIR VALUE DISCLOSURES (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The tables below present the balances of assets measured at fair value on a recurring basis:

						September 30, 2025
						Fair Value Measurements Using																		Assets at Fair Value
(dollars in thousands)						Level 1						Level 2						Level 3
Assets:
U.S. Treasury securities						$	5,001					$	0					$	0					$	5,001
U.S. government sponsored agency securities						0						117,067						0						117,067
Mortgage-backed securities: residential						0						448,208						0						448,208
State and municipal securities						0						457,212						4,450						461,662
Total securities available-for-sale						5,001						1,022,487						4,450						1,031,938
Mortgage banking derivative						0						73						0						73
Interest rate swap derivative						0						15,641						0						15,641
Total assets						$	5,001					$	1,038,201					$	4,450					$	1,047,652
Liabilities:
Mortgage banking derivative						$	0					$	1					$	0					$	1
Interest rate swap derivative						0						15,642						0						15,642
Total liabilities						$	0					$	15,643					$	0					$	15,643

						December 31, 2024
						Fair Value Measurements Using																		Assets at Fair Value
(dollars in thousands)						Level 1						Level 2						Level 3
Assets:
U.S. government sponsored agency securities						$	0					$	109,435					$	0					$	109,435
Mortgage-backed securities: residential						0						422,409						0						422,409
State and municipal securities						0						454,922						4,660						459,582
Total securities available-for-sale						0						986,766						4,660						991,426
Mortgage banking derivative						0						94						0						94
Interest rate swap derivative						0						25,403						0						25,403
Total assets						$	0					$	1,012,263					$	4,660					$	1,016,923
Liabilities:
Interest rate swap derivative						$	0					$	25,403					$	0					$	25,403
Total liabilities						$	0					$	25,403					$	0					$	25,403

Schedule of Assets Measured at Fair Value on a Nonrecurring Basis

The tables below present the balances of assets measured at fair value on a nonrecurring basis:

						September 30, 2025
						Fair Value Measurements Using																		Assets at Fair Value
(dollars in thousands)						Level 1						Level 2						Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans						$	0					$	0					$	1,671					$	1,671
Non-working capital loans						0						0						3,118						3,118
Commercial real estate and multi-family residential loans:
Owner occupied loans						0						0						817						817
Agri-business and agricultural loans:
Loans secured by farmland						0						0						21						21
Total collateral dependent loans						0						0						5,627						5,627
Total assets						$	0					$	0					$	5,627					$	5,627

						December 31, 2024
						Fair Value Measurements Using																		Assets at Fair Value
(dollars in thousands)						Level 1						Level 2						Level 3
Assets
Collateral dependent loans:
Commercial and industrial loans:
Working capital lines of credit loans						$	0					$	0					$	23,174					$	23,174
Non-working capital loans						0						0						3,281						3,281
Commercial real estate and multi-family residential loans:
Owner occupied loans						0						0						664						664
Agri-business and agricultural loans:
Loans secured by farmland						0						0						32						32
Total collateral dependent loans						0						0						27,151						27,151
Total assets						$	0					$	0					$	27,151					$	27,151

Schedule of Valuation Methodology and Unobservable Inputs for Level 3 Assets Measured at Fair Value on a Non-Recurring Basis

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at September 30, 2025:

(dollars in thousands)						Fair Value						Valuation Methodology						Unobservable Inputs						Average						Range of Inputs
Collateral dependent loans:
Commercial and industrial						$	4,789					Collateral based measurements						Discount to reflect current market conditions and ultimate collectability						44		%				1%-99%
Collateral dependent loans:
Commercial real estate and multi-family residential loans						817						Collateral based measurements						Discount to reflect current market conditions and ultimate collectability						37		%				13%-61%
Collateral dependent loans:
Agri-business and agricultural						21						Collateral based measurements						Discount to reflect current market conditions and ultimate collectability						61		%

The following table presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2024:

(dollars in thousands)

Fair Value

Valuation Methodology

Unobservable Inputs

Average

Range of Inputs

Collateral dependent loans:

Commercial and industrial

$

26,455

Collateral based measurements

Discount to reflect current market conditions and ultimate collectability

51

%

4%-99%

Collateral dependent loans:

Commercial real estate and multi-family residential loans

664

Collateral based measurements

Discount to reflect current market conditions and ultimate collectability

54

%

Collateral dependent loans:

Agri-business and agricultural

32

Collateral based measurements

Discount to reflect current market conditions and ultimate collectability

54

%

Schedule of Fair Values and the Related Carrying Values of Financial Instruments

The following tables contain the estimated fair values and the related carrying values of the Company’s financial instruments. Items that are not financial instruments are not included.

						September 30, 2025
						Carrying Value						Estimated Fair Value
(dollars in thousands)												Level 1						Level 2						Level 3						Total
Financial Assets:
Cash and cash equivalents						$	192,836					$	192,836					$	0					$	0					$	192,836
Securities available-for-sale						1,031,938						5,001						1,022,487						4,450						1,031,938
Securities held-to-maturity						132,799						0						113,804						0						113,804
Real estate mortgages held-for-sale						725						0						739						0						739
Loans, net						5,180,451						0						0						5,110,207						5,110,207
Mortgage banking derivative						73						0						73						0						73
Interest rate swap derivative						15,641						0						15,641						0						15,641
Federal Reserve and Federal Home Loan Bank Stock						21,420						N/A						N/A						N/A						N/A
Accrued interest receivable						28,667						0						7,730						20,937						28,667
Financial Liabilities:
Certificates of deposit						$	785,749					$	0					$	783,237					$	0					$	783,237
All other deposits						5,238,569						5,238,569						0						0						5,238,569
Federal Home Loan Bank advances:
Short-term advance						55,000						55,000						0						0						55,000
Long-term advance						1,200						0						781						0						781
Mortgage banking derivative						1						0						1						0						1
Interest rate swap derivative						15,642						0						15,642						0						15,642
Standby letters of credit						262						0						0						262						262
Accrued interest payable						8,628						430						8,198						0						8,628

						December 31, 2024
						Carrying Value						Estimated Fair Value
(dollars in thousands)												Level 1						Level 2						Level 3						Total
Financial Assets:
Cash and cash equivalents						$	168,205					$	168,205					$	0					$	0					$	168,205
Securities available-for-sale						991,426						0						986,766						4,660						991,426
Securities held-to-maturity						131,568						0						113,107						0						113,107
Real estate mortgages held-for-sale						1,700						0						1,733						0						1,733
Loans, net						5,031,988						0						0						4,916,231						4,916,231
Mortgage banking derivative						94						0						94						0						94
Interest rate swap derivative						25,403						0						25,403						0						25,403
Federal Reserve and Federal Home Loan Bank Stock						21,420						N/A						N/A						N/A						N/A
Accrued interest receivable						28,446						0						8,178						20,268						28,446
Financial Liabilities:
Certificates of deposit						$	855,876					$	0					$	851,933					$	0					$	851,933
All other deposits						5,045,090						5,045,090						0						0						5,045,090
Interest rate swap derivative						25,403						0						25,403						0						25,403
Standby letters of credit						294						0						0						285						285
Accrued interest payable						15,117						425						14,692						0						15,117

X

- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a nonrecurring basis.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
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-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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