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Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Recorded Amount of Assets and Liabilities Measured at Fair Value on Recurring Basis
The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis (in thousands):
Fair value at June 30, 2025TotalLevel 1Level 2Level 3
Marketable equity securities$2,656 $2,656 $— $— 
Debt securities available for sale:
Obligations of U.S. government and agencies1,086,082 — 1,086,082 — 
Obligations of states and political subdivisions212,571 — 212,571 — 
Corporate bonds5,503 — 5,503 — 
Asset backed securities263,679 — 263,679 — 
Non-agency mortgage backed securities247,541 — 247,541 — 
Loans held for sale1,577 — 1,577 — 
Mortgage servicing rights6,763 — — 6,763 
Total assets measured at fair value$1,826,372 $2,656 $1,816,953 $6,763 
Fair value at December 31, 2024TotalLevel 1Level 2Level 3
Marketable equity securities$2,609 $2,609 $— $— 
Debt securities available for sale:
Obligations of U.S. government and agencies1,094,185 — 1,094,185 — 
Obligations of states and political subdivisions220,744 — 220,744 — 
Corporate bonds5,837 — 5,837 — 
Asset backed securities314,263 — 314,263 — 
Non-agency mortgage backed securities269,856 — 269,856 — 
Loans held for sale709 — 709 — 
Mortgage servicing rights6,626 — — 6,626 
Total assets measured at fair value$1,914,829 $2,609 $1,905,594 $6,626 
Reconciliation of Assets and Liabilities Measured at Fair Value Using Significant Unobservable Inputs (Level 3) on Recurring Basis
The following table provides a reconciliation of assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the time periods indicated. Had there been any transfer into or out of Level 3 during the time periods indicated, the amount included in the “Transfers into (out of) Level 3” column would represent the beginning balance of an item in the period (interim quarter) during which it was transferred (in thousands):
Three months ended June 30,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2025: Mortgage servicing rights
$6,614 — $(52)$201 $6,763 
2024: Mortgage servicing rights
$6,697 — $(147)$116 $6,666 
Six months ended June 30,Beginning
Balance		Transfers
into (out of)
Level 3		Change
Included
in Earnings		IssuancesEnding
Balance
2025: Mortgage servicing rights
$6,626 — $(192)$329 $6,763 
2024: Mortgage servicing rights
$6,606 — $(136)$196 $6,666 
Quantitative Information about Recurring Level 3 Fair Value Measurements
The following table presents quantitative information about recurring Level 3 fair value measurements at June 30, 2025 and December 31, 2024:
As of June 30, 2025:Fair Value
(in thousands)		Valuation
Technique		Unobservable
Inputs		Range,
Weighted
Average
Mortgage Servicing Rights$6,763 Discounted cash flowConstant prepayment rate
6% - 11%; 6.8%
Discount rate
10% - 14%; 12%
As of December 31, 2024:
Mortgage Servicing Rights$6,626 Discounted cash flowConstant prepayment rate
6% - 11.0%; 7.0%
Discount rate
10% - 14%; 12%
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis
The tables below present the recorded investment in assets and liabilities measured at fair value on a nonrecurring basis, as of the dates indicated, that had a write-down or an additional allowance provided during the periods indicated (in thousands):
June 30, 2025TotalLevel 1Level 2Level 3
Fair value:
Collateral dependent loans$6,362 — — $6,362 
Foreclosed assets267 — — 267 
Total assets measured at fair value$6,629 — — $6,629 
December 31, 2024TotalLevel 1Level 2Level 3
Fair value:
Collateral dependent loans$8,770 — — $8,770 
Real estate owned709 — — 709 
Total assets measured at fair value$9,479 — — $9,479 

The tables below present the losses resulting from non-recurring fair value adjustments of assets and liabilities for the periods indicated (in thousands):
Three months ended June 30,Six months ended June 30,
2025202420252024
Collateral dependent loans$2,485 $435 $7,498 $307 
Foreclosed assets3 — 3 224 
Total losses from non-recurring measurements$2,488 $435 $7,501 $531 
Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Nonrecurring Basis
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at June 30, 2025:
June 30, 2025Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Collateral dependent loans$6,362 Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales;
Capitalization rate		Not meaningful
N/A
Foreclosed assets (Residential real estate)$267 Sales comparison
approach		Adjustment for differences between
comparable sales
Not meaningful
N/A
The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at December 31, 2024:
December 31, 2024Fair Value
(in thousands)		Valuation
Technique		Unobservable InputsRange,
Weighted Average
Collateral dependent loans$8,770 Sales comparison
approach
Income approach		Adjustment for differences between
comparable sales;
Capitalization rate
Not meaningful
N/A
Real estate owned (Residential real estate)$709 Sales comparison
approach		Adjustment for differences between
comparable sales
Not meaningful
N/A
Estimated Fair Values of Financial Instruments that are Reported at Amortized Cost in Consolidated Balance Sheets
June 30, 2025December 31, 2024
(in thousands)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial assets:
Level 1 inputs:
Cash and due from banks$130,147 $130,147 $85,409 $85,409 
Cash at Federal Reserve and other banks184,121 184,121 59,547 59,547 
Level 2 inputs:
Securities held to maturity101,672 96,973 111,866 104,349 
Restricted equity securities17,250 n/a17,250 n/a
Level 3 inputs:
Loans, net6,834,538 6,578,926 6,643,157 6,293,727 
Financial liabilities:
Level 2 inputs:
Deposits8,375,809 8,372,459 8,087,576 8,085,150 
Other borrowings17,788 17,788 89,610 89,780 
Level 3 inputs:
Junior subordinated debt101,264 105,760 101,191 103,630