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Fair Value Measurement (Tables)

12 Months Ended

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).

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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.

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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.

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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).

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