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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:

									Fair Value Measurements at the End of the Reporting Period Using
			December 31, 2025						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
			(Dollars in thousands)
Assets:
Investment securities AFS:
U.S. Government agency and U.S. Government sponsored enterprises:
Collateralized mortgage obligations			$	616,507					$	—					$	616,507					$	—
Mortgage-backed securities:
Residential			477,383						—						477,383						—
Commercial			460,742						—						460,742						—
Asset-backed securities			130,000						—						130,000						—
Corporate securities			21,136						—						21,136						—
Municipal securities			127,314						—						126,531						783
Equity investments with readily determinable fair value			4,460						4,460						—						—
Interest rate contracts			37,205						—						37,205						—
Mortgage banking derivatives			27						—						27						—
Other derivatives			176						—						176						—
Liabilities:
Interest rate contracts			37,640						—						37,640						—
Mortgage banking derivatives			15						—						15						—
Other derivatives			123						—						108						15

									Fair Value Measurements at the End of the Reporting Period Using
			December 31, 2024						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
			(Dollars in thousands)
Assets:
Investment securities AFS:
U.S. Government agency and U.S. Government sponsored enterprises:
Agency securities			$	3,957					$	—					$	3,957					$	—
Collateralized mortgage obligations			721,906						—						721,906						—
Mortgage-backed securities:
Residential			387,060						—						387,060						—
Commercial			410,851						—						410,851						—
Asset-backed securities			103,224						—						103,224						—
Corporate securities			20,694						—						20,694						—
Municipal securities			175,551						—						174,739						812
Equity investments with readily determinable fair value			4,321						4,321						—						—
Interest rate contracts			47,694						—						47,694						—
Mortgage banking derivatives			—						—						—						—
Other derivatives			900						—						900						—
Liabilities:
Interest rate contracts			48,784						—						48,784						—
Mortgage banking derivatives			1						—						1						—
Other derivatives			5,047						—						5,032						15

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation and income statement classification of gains (losses) for the municipal security and risk participation agreements measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2025 and 2024:

			Year Ended December 31,
			2025						2024
			(Dollars in thousands)
Municipal securities:
Beginning Balance			$	812					$	858
Change in fair value included in other comprehensive income			(29)						(46)
Ending Balance			$	783					$	812
Risk participation agreements:
Beginning Balance			$	15					$	28
Change in fair value included in income			—						(13)
Ending Balance			$	15					$	15

Assets Measured at Fair Value on a Non-recurring Basis

Assets measured at fair value on a non-recurring basis at December 31, 2025 and 2024, are summarized below:

									Fair Value Measurements at the End of the Reporting Period Using
			December 31, 2025						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
			(Dollars in thousands)
Assets:
Collateral dependent loans receivable at fair value:
CRE loans			$	25,876					$	—					$	—					$	25,876
C&I loans			33,236						—						—						33,236
Loans held for sale			29,182						—						29,182						—
OREO			365						—						—						365
Premises held for sale			1,526						—						1,526						—

									Fair Value Measurements at the End of the Reporting Period Using
			December 31, 2024						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
			(Dollars in thousands)
Assets:
Collateral dependent loans receivable at fair value:
CRE loans			$	2,985					$	—					$	—					$	2,985
C&I loans			38,993						—						—						38,993
Loans held for sale			11,611						—						11,611						—

For assets measured at fair value on a non-recurring basis, the total net losses, which include charge offs, recoveries, recorded ACL, valuations, and recognized gains and losses on sales in 2025 and 2024 are summarized below:

			Year Ended December 31,
			2025						2024
			(Dollars in thousands)
Assets:
Collateral dependent loans receivable at fair value:
CRE loans			$	(2,720)					$	(613)
C&I loans			(22,044)						(11,075)
Loans held for sale			(4,963)						(4,406)
OREO			289						—
Premises held for sale			(45)						—

The following table presents the quantitative information about the significant unobservable inputs used in the valuation of Level 3 fair value measurements that are measured on a nonrecurring basis as of December 31, 2025 and 2024:

						Fair Value Measurements (Level 3)						Valuation Techniques						Unobservable Inputs						Range of Inputs												Weighted-Average of Inputs
						(Dollars in thousands)
December 31, 2025
Collateral dependent loans						$	5,160					Internal model						Probability of default						100.0%												100.0%
																		Loss given default						22.2%												22.2%
						17,878						Collateral fair value						Sales price						N/A												N/A
						2,838						Collateral fair value						Discounted cash flow analysis - discount rate						10.0%			-			12.0%						11.2%
						16,702						Enterprise value						Discounted cash flow analysis - discount rate						11.8%			-			13.3%						12.3%
						1,344						Enterprise value						Sales price						N/A												N/A
						8,986						Enterprise value						Sales price						N/A												N/A
																		EBITDA(1) multiple						5.2												5.2
						6,204						Asset fair value						Discount						22.5		%	-			73.7%						35.2%
			OREO						365						Property fair value						Selling cost						8.50%												8.5%
December 31, 2024
Collateral dependent loans						$	7,963					Collateral fair value						Selling cost						8.5%												8.5%
						2,359						Enterprise value						EBITDA(1) multiple						5.2												5.2
						10,336						Enterprise value						Revenue multiple						1.0												1.0
																		EBITDA(1) multiple						8.0												8.0
						21,320						Asset fair value						Discount rate						10.1		%	-			91.2%						38.8%

(1) EBITDA = earnings before interest, tax, depreciation, and amortization

Carrying Amounts and Estimated Fair Values of Financial Instruments

Carrying amounts and estimated fair values of financial instruments, not previously presented, at December 31, 2025 and 2024, were as follows:

			December 31, 2025
			Carrying Amount						Estimated Fair Value						Fair Value Measurement Using
			(Dollars in thousands)
Financial Assets:
Cash and cash equivalents			$	560,059					$	560,059					Level 1
Investment securities HTM			239,782						227,024						Level 2
Equity investments without readily determinable fair values			38,016						38,016						Level 2
Loans held for sale			86,905						86,975						Level 2
Loans receivable, net			14,544,351						14,276,764						Level 3
Accrued interest receivable			52,211						52,211						Level 2/3
Servicing assets, net			12,954						22,060						Level 3
Customers’ liabilities on acceptances			486						486						Level 2
Financial Liabilities:
Noninterest bearing deposits			$	3,371,759					$	3,371,759					Level 2
Money market, interest bearing demand and savings deposits			5,856,373						5,856,373						Level 2
Time deposits			6,375,011						6,376,442						Level 2
FHLB borrowings			284,922						285,303						Level 2
Convertible notes, net			444						433						Level 1
Subordinated debentures			110,518						112,167						Level 3
Accrued interest payable			78,310						78,310						Level 2
Acceptances outstanding			486						486						Level 2
			December 31, 2024
			Carrying Amount						Estimated Fair Value						Fair Value Measurement Using
			(Dollars in thousands)
Financial Assets:
Cash and cash equivalents			$	458,199					$	458,199					Level 1
Investment securities HTM			252,385						231,124						Level 2
Equity investments without readily determinable fair values			35,625						35,625						Level 2
Loans held for sale			14,491						14,504						Level 2
Loans receivable, net			13,467,745						13,179,753						Level 3
Accrued interest receivable			51,169						51,169						Level 2/3
Servicing assets, net			10,051						19,113						Level 3
Customers’ liabilities on acceptances			484						484						Level 2
Financial Liabilities:
Noninterest bearing deposits			$	3,377,950					$	3,377,950					Level 2
Money market, interest bearing demand and savings deposits			5,175,735						5,175,735						Level 2
Time deposits			5,773,804						5,782,223						Level 2
FHLB and FRB borrowings			239,000						239,358						Level 2
Convertible notes, net			444						438						Level 1
Subordinated debentures			109,140						105,729						Level 3
Accrued interest payable			93,784						93,784						Level 2
Acceptances outstanding			484						484						Level 2

X

- Definition

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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-Topic 820
-SubTopic 10
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-Section 50
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- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

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- Definition

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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-Name Accounting Standards Codification
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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
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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