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v3.26.1

Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2026
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:
| June 30, 2026
(dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total
ASSETS |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 54,360 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,360 |
Collateralized mortgage obligations of U.S. government corporations and agencies(1) | — |  |  | 641,891 |  |  | — |  |  | 641,891 |
Residential mortgage-backed securities of U.S. government corporations and agencies(1) | — |  |  | 31,916 |  |  | — |  |  | 31,916 |
Commercial mortgage-backed securities of U.S. government corporations | — |  |  | 277,442 |  |  | — |  |  | 277,442 |
Obligations of states and political subdivisions | — |  |  | 4,850 |  |  | — |  |  | 4,850 |
Total Available-for-Sale Debt Securities | 54,360 |  |  | 956,099 |  |  | — |  |  | 1,010,459 |
Equity securities | 2,846 |  |  | — |  |  | — |  |  | 2,846 |
Total Securities Available for Sale | 57,206 |  |  | 956,099 |  |  | — |  |  | 1,013,305 |
Securities held in a deferred compensation plan | 12,152 |  |  | — |  |  | — |  |  | 12,152 |
Derivative financial assets: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | — |  |  | 34,965 |  |  | — |  |  | 34,965 |
Interest rate lock commitments - mortgage loans | — |  |  | — |  |  | 91 |  |  | 91 |
Total Assets | $ | 69,358 |  |  | $ | 991,064 |  |  | $ | 91 |  |  | $ | 1,060,513 |
LIABILITIES |  |  |  |  |  |  |
Derivative financial liabilities: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | $ | — |  |  | $ | 35,194 |  |  | $ | — |  |  | $ | 35,194 |
Interest rate swap contracts - cash flow hedge | — |  |  | 1,522 |  |  | — |  |  | 1,522 |
Total Liabilities | $ | — |  |  | $ | 36,716 |  |  | $ | — |  |  | $ | 36,716 |
(1)Collateralized mortgage obligations and residential mortgage-backed securities consist primarily of securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
| December 31, 2025
(dollars in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total
ASSETS |  |  |  |  |  |  |
Available-for-sale debt securities: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 84,507 |  |  | $ | — |  |  | $ | — |  |  | $ | 84,507 |
Collateralized mortgage obligations of U.S. government corporations and agencies(1) | — |  |  | 624,263 |  |  | — |  |  | 624,263 |
Residential mortgage-backed securities of U.S. government corporations and agencies(1) | — |  |  | 31,336 |  |  | — |  |  | 31,336 |
Commercial mortgage-backed securities of U.S. government corporations | — |  |  | 241,262 |  |  | — |  |  | 241,262 |
Obligations of states and political subdivisions | — |  |  | 4,909 |  |  | — |  |  | 4,909 |
Total Available-for-Sale Debt Securities | 84,507 |  |  | 901,770 |  |  | — |  |  | 986,277 |
Equity securities | 1,382 |  |  | — |  |  | — |  |  | 1,382 |
Total Securities Available for Sale | 85,889 |  |  | 901,770 |  |  | — |  |  | 987,659 |
Securities held in a deferred compensation plan | 14,212 |  |  | — |  |  | — |  |  | 14,212 |
Derivative financial assets: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | — |  |  | 33,669 |  |  | — |  |  | 33,669 |
Interest rate lock commitments - mortgage loans | — |  |  | — |  |  | 81 |  |  | 81 |
Total Assets | $ | 100,101 |  |  | $ | 935,439 |  |  | $ | 81 |  |  | $ | 1,035,621 |
LIABILITIES |  |  |  |  |  |  |
Derivative financial liabilities: |  |  |  |  |  |  |
Interest rate swap contracts - commercial loans | $ | — |  |  | $ | 33,990 |  |  | $ | — |  |  | $ | 33,990 |
Interest rate swap contracts - cash flow hedge | — |  |  | 2,024 |  |  | — |  |  | 2,024 |
Total Liabilities | $ | — |  |  | $ | 36,014 |  |  | $ | — |  |  | $ | 36,014 |
(1)Collateralized mortgage obligations and residential mortgage-backed securities consist primarily of securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
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 at June 30, 2026 and December 31, 2025 were as follows:
(dollars in thousands) | June 30, 2026 |  | Valuation Technique |  |  | Significant Unobservable Inputs(1) |  | Collateral Adjustment(2) |
Loans individually evaluated | $8,559 |  | Collateral based valuation |  |  | Collateral adjustments |  | 25% |
(1)Represents discount adjustments to collateral values related to anticipated collection rates of accounts receivable based on management judgment.
(2)Represents the collateral adjustment of one loan.
(dollars in thousands) | December 31, 2025 |  | Valuation Technique |  |  | Significant Unobservable Inputs(1) |  | Collateral Adjustment(2) |
Loans individually evaluated | $10,641 |  | Collateral based valuation |  |  | Collateral adjustments |  | 10% |
(1)Represents discount adjustments to collateral values related to anticipated collection rates of accounts receivable based on management judgment.
(2)Represents the collateral adjustment of one loan.
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 June 30, 2026
(dollars in thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
ASSETS |  |  |  |  |  |  |  |  |
Cash and due from banks, including interest-bearing deposits | $ | 217,819 |  |  | $ | 217,819 |  |  | $ | 217,819 |  |  | $ | — |  |  | $ | — |
Securities available for sale | 1,013,305 |  |  | 1,013,305 |  |  | 57,206 |  |  | 956,099 |  |  | — |
Loans held for sale | 4,695 |  |  | 4,695 |  |  | — |  |  | 4,695 |  |  | — |
Portfolio loans, net | 7,965,066 |  |  | 7,786,180 |  |  | — |  |  | — |  |  | 7,786,180 |
Securities held in a deferred compensation plan | 12,152 |  |  | 12,152 |  |  | 12,152 |  |  | — |  |  | — |
Mortgage servicing rights | 4,860 |  |  | 7,989 |  |  | — |  |  | — |  |  | 7,989 |
Interest rate swap contracts - commercial loans | 34,965 |  |  | 34,965 |  |  | — |  |  | 34,965 |  |  | — |
Interest rate lock commitments - mortgage loans | 91 |  |  | 91 |  |  | — |  |  | — |  |  | 91 |
LIABILITIES |  |  |  |  |  |  |  |  |
Deposits | $ | 8,086,083 |  |  | $ | 8,079,694 |  |  | $ | 6,091,941 |  |  | $ | 1,987,753 |  |  | $ | — |
Collateral payable | 31,837 |  |  | 31,837 |  |  | 31,837 |  |  | — |  |  | — |
Short-term borrowings | 200,000 |  |  | 200,000 |  |  | — |  |  | 200,000 |  |  | — |
Long-term borrowings | 25,773 |  |  | 25,768 |  |  | — |  |  | 25,768 |  |  | — |
Junior subordinated debt securities | 49,508 |  |  | 49,508 |  |  | — |  |  | 49,508 |  |  | — |
Interest rate swap contracts - commercial loans | 35,194 |  |  | 35,194 |  |  | — |  |  | 35,194 |  |  | — |
Interest rate swap contracts - cash flow hedge | 1,522 |  |  | 1,522 |  |  | — |  |  | 1,522 |  |  | — |
(1) As reported in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |
| Carrying Value(1) |  | Fair Value Measurements at December 31, 2025
(dollars in thousands) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
ASSETS |  |  |  |  |  |  |  |  |
Cash and due from banks, including interest-bearing deposits | $ | 163,436 |  |  | $ | 163,436 |  |  | $ | 163,436 |  |  | $ | — |  |  | $ | — |
Securities available for sale | 987,659 |  |  | 987,659 |  |  | 85,889 |  |  | 901,770 |  |  | — |
Loans held for sale | 1,010 |  |  | 1,010 |  |  | — |  |  | 1,010 |  |  |
Portfolio loans, net | 7,978,779 |  |  | 7,807,824 |  |  | — |  |  | — |  |  | 7,807,824 |
Collateral receivable | 2 |  |  | 2 |  |  | 2 |  |  | — |  |  | — |
Securities held in a deferred compensation plan | 14,212 |  |  | 14,212 |  |  | 14,212 |  |  | — |  |  | — |
Mortgage servicing rights | 5,034 |  |  | 8,034 |  |  | — |  |  | — |  |  | 8,034 |
Interest rate swaps - commercial loans | 33,669 |  |  | 33,669 |  |  | — |  |  | 33,669 |  |  | — |
Interest rate lock commitments | 81 |  |  | 81 |  |  | — |  |  | — |  |  | 81 |
LIABILITIES |  |  |  |  |  |  |  |  |
Deposits | $ | 7,958,831 |  |  | $ | 7,956,632 |  |  | $ | 6,010,039 |  |  | $ | 1,946,593 |  |  | $ | — |
Collateral payable | 26,964 |  |  | 26,964 |  |  | 26,964 |  |  | — |  |  | — |
Short-term borrowings | 165,000 |  |  | 165,000 |  |  | — |  |  | 165,000 |  |  | — |
Long-term borrowings | 50,815 |  |  | 50,856 |  |  | — |  |  | 50,856 |  |  | — |
Junior subordinated debt securities | 49,478 |  |  | 49,478 |  |  | — |  |  | 49,478 |  |  | — |
Interest rate swaps - commercial loans | 33,990 |  |  | 33,990 |  |  | — |  |  | 33,990 |  |  | — |
Interest rate swaps - cash flow hedge | 2,024 |  |  | 2,024 |  |  | — |  |  | 2,024 |  |  | — |
(1) As reported in the Consolidated Balance Sheets |  |  |  |  |  |  |  |  |

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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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