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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present our assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented:
| December 31, 2024
(dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total
ASSETS |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 92,768 |  |  | $ | — |  |  | $ | — |  |  | $ | 92,768 |
Obligations of U.S. government corporations and agencies | — |  |  | 15,071 |  |  | — |  |  | 15,071 |
Collateralized mortgage obligations of U.S. government corporations and agencies | — |  |  | 596,284 |  |  | — |  |  | 596,284 |
Residential mortgage-backed securities of U.S. government corporations and agencies | — |  |  | 33,207 |  |  | — |  |  | 33,207 |
Commercial mortgage-backed securities of U.S. government corporations and agencies | — |  |  | 224,798 |  |  | — |  |  | 224,798 |
Obligations of states and political subdivisions | — |  |  | 24,287 |  |  | — |  |  | 24,287 |
Total Available-for-Sale Debt Securities | 92,768 |  |  | 893,647 |  |  | — |  |  | 986,415 |
Equity securities | 1,176 |  |  | — |  |  | — |  |  | 1,176 |
Total Securities Available for Sale | 93,944 |  |  | 893,647 |  |  | — |  |  | 987,591 |
Securities held in a deferred compensation plan | 10,876 |  |  | — |  |  | — |  |  | 10,876 |
Derivative financial assets: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | — |  |  | 60,890 |  |  | — |  |  | 60,890 |
Total Assets | $ | 104,820 |  |  | $ | 954,537 |  |  | $ | — |  |  | $ | 1,059,357 |
LIABILITIES |  |  |  |  |  |  |
Derivative financial liabilities: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | $ | — |  |  | $ | 61,271 |  |  | $ | — |  |  | $ | 61,271 |
Interest rate swap contracts - cash flow hedge | — |  |  | 9,589 |  |  | — |  |  | 9,589 |
Total Liabilities | $ | — |  |  | $ | 70,860 |  |  | $ | — |  |  | $ | 70,860 |
| December 31, 2023
(dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total
ASSETS |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 133,786 |  |  | $ | — |  |  | $ | — |  |  | $ | 133,786 |
Obligations of U.S. government corporations and agencies | — |  |  | 32,513 |  |  | — |  |  | 32,513 |
Collateralized mortgage obligations of U.S. government corporations and agencies | — |  |  | 460,939 |  |  | — |  |  | 460,939 |
Residential mortgage-backed securities of U.S. government corporations and agencies | — |  |  | 38,177 |  |  | — |  |  | 38,177 |
Commercial mortgage-backed securities of U.S. government corporations and agencies | — |  |  | 273,425 |  |  | — |  |  | 273,425 |
Obligations of states and political subdivisions | — |  |  | 30,468 |  |  | — |  |  | 30,468 |
Total Available-for-Sale Debt Securities | 133,786 |  |  | 835,522 |  |  | — |  |  | 969,308 |
Equity securities | 1,010 |  |  | 73 |  |  | — |  |  | 1,083 |
Total Securities Available for Sale | 134,796 |  |  | 835,595 |  |  | — |  |  | 970,391 |
Securities held in a deferred compensation plan | 9,399 |  |  | — |  |  | — |  |  | 9,399 |
Derivative financial assets: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | — |  |  | 63,018 |  |  | — |  |  | 63,018 |
Total Assets | $ | 144,195 |  |  | $ | 898,613 |  |  | $ | — |  |  | $ | 1,042,808 |
LIABILITIES |  |  |  |  |  |  |
Derivative financial liabilities: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | $ | — |  |  | $ | 63,554 |  |  | $ | — |  |  | $ | 63,554 |
Interest rate swap contracts - cash flow hedge | — |  |  | 14,739 |  |  | — |  |  | 14,739 |
Total Liabilities | $ | — |  |  | $ | 78,293 |  |  | $ | — |  |  | $ | 78,293 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques | Significant unobservable inputs used in the fair value measurements of Level 3 assets on a nonrecurring basis were as follows at December 31, 2024:
| December 31, 2024 |  | Valuation Technique |  | Significant Unobservable Inputs | Range | Weighted Average
(dollars in thousands)
Loans individually evaluated | $6,830 |  | Appraisals of collateral |  | Appraisal adjustments(1) | 20.00% | - | 75.00% | 63.06%
(1) Represents adjustments to appraised values related to market conditions and liquidation estimates based on management judgement.
Schedule of Carrying Values and Fair Values of Financial Instruments | The following tables present the carrying values and fair values of our financial instruments at the dates presented:
| Carrying Value(1) |  | Fair Value Measurements at December 31, 2024
(dollars in thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
ASSETS |  |  |  |  |  |  |  |  |
Cash and due from banks, including interest-bearing deposits | $ | 244,820 |  |  | $ | 244,820 |  |  | $ | 244,820 |  |  | $ | — |  |  | $ | — |
Securities available for sale | 987,591 |  |  | 987,591 |  |  | 93,944 |  |  | 893,647 |  |  | — |
Portfolio loans, net | 7,641,464 |  |  | 7,362,898 |  |  | — |  |  | — |  |  | 7,362,898 |
Collateral receivable | 2,034 |  |  | 2,034 |  |  | 2,034 |  |  | — |  |  | — |
Securities held in a deferred compensation plan | 10,876 |  |  | 10,876 |  |  | 10,876 |  |  | — |  |  | — |
Mortgage servicing rights | 5,646 |  |  | 8,533 |  |  | — |  |  | — |  |  | 8,533 |
Interest rate swap contracts - commercial loans | 60,890 |  |  | 60,890 |  |  | — |  |  | 60,890 |  |  | — |
LIABILITIES |  |  |  |  |  |  |  |  |
Deposits | $ | 7,783,117 |  |  | $ | 7,778,740 |  |  | $ | 5,916,154 |  |  | $ | 1,862,586 |  |  | $ | — |
Collateral payable | 52,516 |  |  | 52,516 |  |  | 52,516 |  |  | — |  |  | — |
Short-term borrowings | 150,000 |  |  | 150,000 |  |  | — |  |  | 150,000 |  |  | — |
Long-term borrowings | 50,896 |  |  | 50,652 |  |  | — |  |  | 50,652 |  |  | — |
Junior subordinated debt securities | 49,418 |  |  | 49,418 |  |  | — |  |  | 49,418 |  |  | — |
Interest rate swap contracts - commercial loans | 61,271 |  |  | 61,271 |  |  | — |  |  | 61,271 |  |  | — |
Interest rate swap contracts - cash flow hedge | 9,589 |  |  | 9,589 |  |  | — |  |  | 9,589 |  |  | — |
(1) As reported in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |
| Carrying Value(1) |  | Fair Value Measurements at December 31, 2023
(dollars in thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
ASSETS |  |  |  |  |  |  |  |  |
Cash and due from banks, including interest-bearing deposits | $ | 233,612 |  |  | $ | 233,612 |  |  | $ | 233,612 |  |  | $ | — |  |  | $ | — |
Securities available for sale | 970,391 |  |  | 970,391 |  |  | 134,796 |  |  | 835,595 |  |  | — |
Loans held for sale | 153 |  |  | 153 |  |  | — |  |  | 153 |  |  | — |
Portfolio loans, net | 7,545,375 |  |  | 7,263,270 |  |  | — |  |  | — |  |  | 7,263,270 |
Collateral receivable | 5,356 |  |  | 5,356 |  |  | 5,356 |  |  | — |  |  | — |
Securities held in a deferred compensation plan | 9,399 |  |  | 9,399 |  |  | 9,399 |  |  | — |  |  | — |
Mortgage servicing rights | 6,345 |  |  | 8,704 |  |  | — |  |  | — |  |  | 8,704 |
Interest rate swaps - commercial loans | 63,018 |  |  | 63,018 |  |  | — |  |  | 63,018 |  |  | — |
LIABILITIES |  |  |  |  |  |  |  |  |
Deposits | $ | 7,521,769 |  |  | $ | 7,511,598 |  |  | $ | 5,940,117 |  |  | $ | 1,571,481 |  |  | $ | — |
Collateral payable | 50,920 |  |  | 50,920 |  |  | 50,920 |  |  | — |  |  | — |
Short-term borrowings | 415,000 |  |  | 415,000 |  |  | — |  |  | 415,000 |  |  | — |
Long-term borrowings | 39,277 |  |  | 38,995 |  |  | — |  |  | 38,995 |  |  | — |
Junior subordinated debt securities | 49,358 |  |  | 49,358 |  |  | — |  |  | 49,358 |  |  | — |
Interest rate swaps - commercial loans | 63,554 |  |  | 63,554 |  |  | — |  |  | 63,554 |  |  | — |
Interest rate swaps - cash flow hedge | 14,739 |  |  | 14,739 |  |  | — |  |  | 14,739 |  |  | — |
(1) As reported in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition 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 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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