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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables summarize the Company’s financial assets and liabilities that were measured at fair value on a recurring basis at December 31, 2024 and 2023:
|  |  |  |  | Fair Value Measurements Using |
2024 |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury Notes |  | $ | 32,570 |  |  | $ | 32,570 |  |  | $ | — |  |  | $ | — |
U.S. Government agencies |  |  | 136,487 |  |  |  | — |  |  |  | 136,487 |  |  |  | — |
Obligations of states, municipalities, and political subdivisions |  |  | 79,306 |  |  |  | — |  |  |  | 79,306 |  |  |  | — |
Mortgage-backed securities; residential |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 750,802 |  |  |  | — |  |  |  | 750,802 |  |  |  | — |
Non-Agency |  |  | 137,880 |  |  |  | — |  |  |  | 137,880 |  |  |  | — |
Mortgage-backed securities; commercial |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 226,940 |  |  |  | — |  |  |  | 226,940 |  |  |  | — |
Corporate securities |  |  | 38,462 |  |  |  | — |  |  |  | 38,462 |  |  |  | — |
Asset-backed securities |  |  | 13,249 |  |  |  | — |  |  |  | 13,249 |  |  |  | — |
Equity and other securities, at fair value |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  |  | 2,505 |  |  |  | 2,505 |  |  |  | — |  |  |  | — |
Equity securities |  |  | 7,360 |  |  |  | — |  |  |  | 7,072 |  |  |  | 288 |
Servicing assets |  |  | 18,952 |  |  |  | — |  |  |  | — |  |  |  | 18,952 |
Derivative assets |  |  | 44,401 |  |  |  | — |  |  |  | 44,401 |  |  |  | — |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  |  | 17,785 |  |  |  | — |  |  |  | 17,785 |  |  |  | — |
|  |  |  |  | Fair Value Measurements Using |
2023 |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury Notes |  | $ | 115,434 |  |  | $ | 115,434 |  |  | $ | — |  |  | $ | — |
U.S. Government agencies |  |  | 130,695 |  |  |  | — |  |  |  | 130,695 |  |  |  | — |
Obligations of states, municipalities, and political subdivisions |  |  | 82,275 |  |  |  | — |  |  |  | 82,275 |  |  |  |
Mortgage-backed securities; residential |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 695,803 |  |  |  | — |  |  |  | 695,803 |  |  |  | — |
Non-Agency |  |  | 100,260 |  |  |  | — |  |  |  | 100,260 |  |  |  | — |
Mortgage-backed securities; commercial |  |  |  |  |  |  |  |  |  |  |  |
Agency |  |  | 147,204 |  |  |  | — |  |  |  | 147,204 |  |  |  | — |
Corporate securities |  |  | 36,171 |  |  |  | — |  |  |  | 36,171 |  |  |  | — |
Asset-backed securities |  |  | 34,638 |  |  |  | — |  |  |  | 34,638 |  |  |  | — |
Equity and other securities, at fair value |  |  |  |  |  |  |  |  |  |  |  |
Mutual funds |  |  | 2,554 |  |  |  | 2,554 |  |  |  | — |  |  |  | — |
Equity securities |  |  | 6,189 |  |  |  | — |  |  |  | 5,908 |  |  |  | 281 |
Servicing assets |  |  | 19,844 |  |  |  | — |  |  |  | — |  |  |  | 19,844 |
Derivative assets |  |  | 56,923 |  |  |  | — |  |  |  | 56,923 |  |  |  | — |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  |  | 19,345 |  |  |  | — |  |  |  | 19,345 |  |  |  | — |
Summary of Financial Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs | The following table presents additional information about financial assets measured at fair value on recurring basis for which the Company used significant unobservable inputs (Level 3):
| Years Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
| Investment Securities |  |  | Servicing Assets |
Balance, beginning of period | $ | 281 |  |  | $ | 666 |  |  | $ | 19,844 |  |  | $ | 19,172 |
Additions, net |  | — |  |  |  | — |  |  |  | 5,812 |  |  |  | 5,761 |
Maturities |  | — |  |  |  | (400 | ) |  |  | — |  |  |  | — |
Accretion |  | — |  |  |  | 82 |  |  |  | — |  |  |  | — |
Change in fair value |  | 7 |  |  |  | (67 | ) |  |  | (6,704 | ) |  |  | (5,089 | )
Balance, end of period | $ | 288 |  |  | $ | 281 |  |  | $ | 18,952 |  |  | $ | 19,844 |
Summary of Unobservable Inputs Used in the Fair Value Measurements on Recurring Basis | The following table presents additional information about the unobservable inputs used in the fair value measurements on recurring basis that were categorized within Level 3 of the fair value hierarchy as of December 31, 2024:
Financial Instruments |  | Valuation Technique |  | Unobservable Inputs |  | Range of Inputs |  | Weighted Average Input |  | Impact to Valuation from an Increased or Higher Input Value
Single issuer trust preferred |  | Discounted cash flow |  | Discount rate |  | 7.9% |  | 7.9% |  | Decrease
Servicing assets |  | Discounted cash flow |  | Prepayment speeds |  | 0.0%—34.9% |  | 16.9% |  | Decrease
|  |  |  | Discount rate |  | 4.7%—55.9% |  | 11.9% |  | Decrease
|  |  |  | Expected weighted average loan life |  | 0.1—7.3 years |  | 3.6 years |  | Increase
Summary of Assets Measured at Fair Value on Non-Recurring Basis, Excluding Acquired Impaired Loans | The following tables summarize the Company’s assets that were measured at fair value on a non-recurring basis, as of December 31, 2024 and 2023:
|  |  |  |  | Fair Value Measurements Using |
2024 |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Non-recurring |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated loans |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 29,568 |  |  | $ | — |  |  | $ | — |  |  | $ | 29,568 |
Residential real estate |  |  | 1,298 |  |  |  | — |  |  |  | — |  |  |  | 1,298 |
Commercial and industrial |  |  | 24,063 |  |  |  | — |  |  |  | — |  |  |  | 24,063 |
Assets held for sale |  |  | 2,025 |  |  |  | — |  |  |  | — |  |  |  | 2,025 |
Other real estate owned |  |  | 5,170 |  |  |  | — |  |  |  | — |  |  |  | 5,170 |
|  |  |  |  | Fair Value Measurements Using |
2023 |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Non-recurring |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated loans |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 51,978 |  |  | $ | — |  |  | $ | — |  |  | $ | 51,978 |
Residential real estate |  |  | 3,593 |  |  |  | — |  |  |  | — |  |  |  | 3,593 |
Construction, land development, and other land |  |  | 813 |  |  |  | — |  |  |  | — |  |  |  | 813 |
Commercial and industrial |  |  | 29,869 |  |  |  | — |  |  |  | — |  |  |  | 29,869 |
Assets held for sale |  |  | 4,484 |  |  |  | — |  |  |  | — |  |  |  | 4,484 |
Other real estate owned |  |  | 1,200 |  |  |  | — |  |  |  | — |  |  |  | 1,200 |
Summary of Estimated Fair Values of Financial Instruments | The estimated fair values of financial instruments not carried at fair value and levels within the fair value hierarchy at December 31, 2024 and 2023 are as follows:
| Fair Value |  |  | 2024 |  |  | 2023 |
| Hierarchy Level |  |  | Carrying Amount |  |  | Estimated Fair Value |  |  | Carrying Amount |  |  | Estimated Fair Value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | 1 |  |  | $ | 58,759 |  |  | $ | 58,759 |  |  | $ | 60,431 |  |  | $ | 60,431 |
Interest bearing deposits with other banks |  | 2 |  |  |  | 504,379 |  |  |  | 504,379 |  |  |  | 165,705 |  |  |  | 165,705 |
Securities held-to-maturity |  | 2 |  |  |  | 605 |  |  |  | 605 |  |  |  | 1,157 |  |  |  | 1,149 |
Restricted stock |  | 2 |  |  |  | 27,452 |  |  |  | 27,452 |  |  |  | 16,304 |  |  |  | 16,304 |
Loans held for sale |  | 3 |  |  |  | 3,200 |  |  |  | 3,236 |  |  |  | 18,005 |  |  |  | 19,136 |
Loans and lease receivables, net (less individually evaluated loans of fair value $54,929 and $86,253, as of December 31, 2024 and 2023, respectively) |  | 3 |  |  |  | 6,753,905 |  |  |  | 6,603,019 |  |  |  | 6,496,367 |  |  |  | 6,326,413 |
Accrued interest receivable |  | 3 |  |  |  | 40,652 |  |  |  | 40,652 |  |  |  | 43,922 |  |  |  | 43,922 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-interest-bearing deposits |  | 2 |  |  |  | 1,756,098 |  |  |  | 1,756,098 |  |  |  | 1,905,876 |  |  |  | 1,905,876 |
Interest-bearing deposits |  | 2 |  |  |  | 5,702,530 |  |  |  | 5,702,018 |  |  |  | 5,271,123 |  |  |  | 5,268,926 |
Accrued interest payable |  | 2 |  |  |  | 21,114 |  |  |  | 21,114 |  |  |  | 22,233 |  |  |  | 22,233 |
Federal Home Loan Bank advances |  | 2 |  |  |  | 575,000 |  |  |  | 575,000 |  |  |  | 325,000 |  |  |  | 325,000 |
Securities sold under repurchase agreement |  | 2 |  |  |  | 32,106 |  |  |  | 32,106 |  |  |  | 40,607 |  |  |  | 40,607 |
Term loan |  | 2 |  |  |  | 11,667 |  |  |  | 11,667 |  |  |  | 18,333 |  |  |  | 18,333 |
Line of credit |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 11,250 |  |  |  | 11,250 |
Subordinated notes |  | 2 |  |  |  | 74,040 |  |  |  | 73,750 |  |  |  | 73,866 |  |  |  | 76,063 |
Junior subordinated debentures |  | 3 |  |  |  | 70,890 |  |  |  | 75,172 |  |  |  | 70,452 |  |  |  | 72,701 |

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- 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 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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- 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -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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