Assets and Liabilities Measured at Fair Value on Recurring Basis


	Fair Value Measurements at
	September 30, 2024 Using:
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable		Total
	Assets		Inputs		Inputs		Fair
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	70,069	$	234,328	$	—	$	304,397
Private label mortgage-backed security		—		—		1,665		1,665
Mortgage-backed securities - residential		—		134,663		—		134,663
Collateralized mortgage obligations		—		20,156		—		20,156
Corporate bonds		—		2,012		—		2,012
Trust preferred security		—		—		4,023		4,023
Total available-for-sale debt securities	$	70,069	$	391,159	$	5,688	$	466,916

Equity securities with readily determinable fair value:
Freddie Mac preferred stock	$	—	$	239	$	—	$	239
Total equity securities with readily determinable fair value	$	—	$	239	$	—	$	239

Mortgage loans held for sale	$	—	$	8,526	$	—	$	8,526
Consumer loans held for sale		—		—		6,080		6,080
Rate lock commitments		—		535		—		535
Mandatory forward contracts		—		—		—		—
Interest rate swap agreements - Bank clients and institutional swap dealer		—		9,073		—		9,073

Financial liabilities:
Rate lock commitments	$	—	$	—	$	—	$	—
Mandatory forward contracts	$	—	$	113	$	—	$	113
Interest rate swap agreements - Bank clients and institutional swap dealer		—		9,073		—		9,073
Interest rate swap agreements on FHLB advances		—		3,960		—		3,960


	Fair Value Measurements at
	December 31, 2023 Using:
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable		Total
	Assets		Inputs		Inputs		Fair
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	177,784	$	229,249	$	—	$	407,033
Private label mortgage-backed security		—		—		1,773		1,773
Mortgage-backed securities - residential		—		154,710		—		154,710
Collateralized mortgage obligations		—		21,659		—		21,659
Corporate bonds		—		2,020		—		2,020
Trust preferred security		—		—		4,118		4,118
Total available-for-sale debt securities	$	177,784	$	407,638	$	5,891	$	591,313

Equity securities with readily determinable fair value:
Freddie Mac preferred stock	$	—	$	174	$	—	$	174
Total equity securities with readily determinable fair value	$	—	$	174	$	—	$	174

Mortgage loans held for sale	$	—	$	3,227	$	—	$	3,227
Consumer loans held for sale		—		—		7,914		7,914
Rate lock commitments		—		243		—		243
Interest rate swap agreements - Bank clients and institutional swap dealer		—		8,933		—		8,933

Financial liabilities:
Mandatory forward contracts	$	—	$	61	$	—	$	61
Interest rate swap agreements - Bank clients and institutional swap dealer		—		8,933		—		8,933

Provisions for collateral dependent impaired loans


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2024		2023		2024		2023

Provision on collateral-dependent loans	$	25	$	—	$	56	$	(20)

Carrying amount and estimated fair values of financial instruments


			Fair Value Measurements at
			September 30, 2024:
									Total
	Carrying								Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value

Assets:
Cash and cash equivalents	$	530,865	$	530,865	$	—	$	—	$	530,865
Available-for-sale debt securities		466,916		70,069		391,159		5,688		466,916
Held-to-maturity debt securities		10,909		—		10,882		—		10,882
Equity securities with readily determinable fair values		239		—		239		—		239
Mortgage loans held for sale, at fair value		8,526		—		8,526		—		8,526
Consumer loans held for sale, at fair value		6,080		—		—		6,080		6,080
Consumer loans held for sale, at the lower of cost or fair value		19,801		—		—		19,801		19,801
Loans, net		5,214,759		—		—		5,053,585		5,053,585
Federal Home Loan Bank stock		23,981		—		—		—		NA
Accrued interest receivable		17,890		—		2,425		15,465		17,890
Mortgage servicing rights		7,052		—		15,753		—		15,753
Rate lock commitments		535		—		535		—		535
Mandatory forward contracts		—		—		—		—		—
Interest rate swap agreements - Bank clients and institutional swap dealer		9,073		—		9,073		—		9,073

Liabilities:
Noninterest-bearing deposits	$	1,260,086	$	—	$	1,260,086	$	—	$	1,260,086
Transaction deposits		3,346,099		—		3,346,099		—		3,346,099
Time deposits		495,511		—		498,513		—		498,513
Securities sold under agreements to repurchase and other short-term borrowings		80,903		—		80,903		—		80,903
Federal Home Loan Bank advances		370,000		—		376,509		—		376,509
Accrued interest payable		5,179		—		5,179		—		5,179
Rate lock commitments		535		—		535		—		535
Interest rate swap agreements - Bank clients and institutional swap dealer		9,073		—		9,073		—		9,073
Interest rate swap agreements on FHLB advances		3,960		—		3,960		—		3,960


			Fair Value Measurements at
			December 31, 2023:
									Total
	Carrying								Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value

Assets:
Cash and cash equivalents	$	316,567	$	316,567	$	—	$	—	$	316,567
Available-for-sale debt securities		591,313		177,784		407,638		5,891		591,313
Held-to-maturity debt securities		76,387		—		76,167		—		76,167
Equity securities with readily determinable fair values		174		—		174		—		174
Mortgage loans held for sale, at fair value		3,227		—		3,227		—		3,227
Consumer loans held for sale, at fair value		7,914		—		—		7,914		7,914
Consumer loans held for sale, at the lower of cost or fair value		16,094		—		—		16,094		16,094
Loans, net		5,157,731		—		—		4,874,974		4,874,974
Federal Home Loan Bank stock		23,770		—		—		—		NA
Accrued interest receivable		18,447		—		4,097		14,350		18,447
Mortgage servicing rights		7,411		—		16,054		—		16,054
Rate lock commitments		243		—		243		—		243
Interest rate swap agreements - Bank clients and institutional swap dealer		8,933		—		8,933		—		8,933

Liabilities:
Noninterest-bearing deposits	$	1,676,998	$	—	$	1,676,998	$	—	$	1,676,998
Transaction deposits		2,924,114		—		2,924,114		—		2,924,114
Time deposits		452,051		—		446,218		—		446,218
Securities sold under agreements to repurchase and other short-term borrowings		99,530		—		99,530		—		99,530
Federal Home Loan Bank advances		380,000		—		382,062		—		382,062
Accrued interest payable		4,073		—		4,073		—		4,073
Rate lock commitments		243		—		243		—		243
Mandatory forward contracts		61		—		61		—		61
Interest rate swap agreements - Bank clients and institutional swap dealer		8,933		—		8,933		—		8,933

Fair Value Disclosures

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2024		2023		2024		2023

Balance, beginning of period	$	1,716	$	1,988	$	1,773	$	2,127
Total gains or losses included in earnings:
Net change in unrealized gain (loss)		54		(6)		102		26
Principal paydowns		(105)		(97)		(210)		(268)
Balance, end of period	$	1,665	$	1,885	$	1,665	$	1,885

Fair Value Disclosures

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2024		2023		2024		2023

Balance, beginning of period	$	4,092	$	3,746	$	4,118	$	3,855
Total gains or losses included in earnings:
Discount accretion		16		15		46		44
Net change in unrealized gain (loss)		(85)		234		(141)		96
Balance, end of period	$	4,023	$	3,995	$	4,023	$	3,995

Fair Value Disclosures

Schedule of gains and losses from changes in fair value included in earnings


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2024		2023		2024		2023

Interest income	$	179	$	84	$	456	$	206
Change in fair value		70		(36)		177		3
Total included in earnings	$	249	$	48	$	633	$	209

Fair Value Disclosures

Schedule of gains and losses from changes in fair value included in earnings


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(in thousands)	2024		2023		2024		2023

Interest income	$	1,464	$	1,077	$	3,995	$	2,790
Change in fair value		13		(16)		10		(23)
Total included in earnings	$	1,477	$	1,061	$	4,005	$	2,767

Fair Value Disclosures