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Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Summary of Assets Measured on a Recurring Basis

The following table provides the fair value for assets and liabilities required to be measured and reported at fair value on a recurring basis on the Unaudited Consolidated Balance Sheets by level in the fair value hierarchy.

						Recurring Fair Value Measurements at Reporting Date
						March 31, 2025									December 31, 2024
(Dollars in thousands)						Level 1			Level 2									Level 1			Level 2
			Assets:
Available-for-sale investment securities:
Obligations of:
U.S. Treasury and government agencies						$	14,343		$	—								$	15,196		$	—
U.S. government sponsored agencies						—			213,063									—			209,083
States and political subdivisions						—			195,505									—			196,301
Residential mortgage-backed securities						—			593,979									—			601,802
Commercial mortgage-backed securities						—			52,636									—			55,065
Bank-issued trust preferred securities						—			4,148									—			6,108
Total available-for-sale securities						$	14,343		$	1,059,331								$	15,196		$	1,068,359
Equity investment securities (a)						188			245									197			244
Nonqualified deferred compensation (a) (b)						5,164			—									4,898			—
Derivative assets (c)						—			14,092									—			18,743
Liabilities:
Derivative liabilities (d)						$	—		$	12,965								$	—		$	17,046

(a)    Included in "Other investment securities" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 3 Investment Securities" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

(b) Investments in the nonqualified deferred compensation plan consist of mutual funds.

(c)    Included in "Other assets" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 10 Derivative Financial Instruments" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

(d)    Included in "Accrued expenses and other liabilities" on the Unaudited Consolidated Balance Sheets. For additional information, see "Note 10 Derivative Financial Instruments" of the Notes to the Unaudited Condensed Consolidated Financial Statements.

Summary of Assets and Liabilities Measured on a Non-Recurring Basis

The following table provides the fair value for each class of assets and liabilities required to be measured and reported at fair value on a non-recurring basis on the Unaudited Consolidated Balance Sheets by level in the fair value hierarchy at March 31, 2025 and December 31, 2024.

									Non-Recurring Fair Value Measurements at Reporting Date
									March 31, 2025												December 31, 2024
(Dollars in thousands)									Level 2			Level 3									Level 2			Level 3
			Assets:
Collateral dependent loans									$	—		$	3,676								$	—		$	4,375
Loans held for sale (a)									924			—									1,499			—
Other real estate owned									—			—									—			5,891

(a) Loans held for sale are presented gross of a valuation allowance of $64 and $166 at March 31, 2025 and at December 31, 2024, respectively.

Summary of Financial Instruments Not Required to be Measured at Fair Value

The following table provides the carrying amount for each class of assets and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on the Unaudited Consolidated Balance Sheets.

						Fair Value Measurements of Other Financial Instruments
(Dollars in thousands)						Fair Value Hierarchy Level			March 31, 2025									December 31, 2024
									Carrying Amount			Fair Value						Carrying Amount			Fair Value
			Assets:
Cash and cash equivalents						1			$	186,978		186,978						$	217,664		$	217,664
Held-to-maturity investment securities:
Obligations of:
U.S. government sponsored agencies						2			222,698			215,377						233,302			223,294
States and political subdivisions (a)						2			142,513			112,471						142,691			110,848
Residential mortgage-backed securities						2			290,023			271,796						300,290			276,278
Commercial mortgage-backed securities						2			98,469			83,671						98,754			82,079
Total held-to-maturity securities									753,703			683,315						775,037			692,499
Other investment securities:
Other investment securities at cost:
Federal Home Loan Bank ("FHLB") stock						N/A			14,797			14,797						24,606			24,606
Federal Reserve Bank ("FRB") stock						N/A			27,114			27,114						27,114			27,114
Other investment securities (b)						N/A			3,814			3,814						3,073			3,073
Total other investment securities at cost									45,725			45,725						54,793			54,793
Loans and leases, net of deferred fees and costs (c)						3			6,428,526			6,346,657						6,358,003			6,240,751
Bank owned life insurance						2			144,843			144,843						143,710			143,710
Liabilities:
Deposits						2			$	7,734,749		$	6,891,785					$	7,590,205		$	6,713,360
Short-term borrowings						2			19,228			19,227						193,474			192,964
Long-term borrowings						2			237,000			258,355						238,073			258,195

(a) Obligations of states and political subdivisions are presented gross of an allowance for credit losses of $237 at both March 31, 2025 and December 31, 2024.

(b)     "Other investment securities", as reported on the Unaudited Consolidated Balance Sheets, also included equity investment securities at March 31, 2025

and at December 31, 2024, which are reported in the Assets and Liabilities Required to be Measured and Reported at Fair Value on a Recurring Basis

table above and not included in this table.

(c) Loans and leases, net of deferred fees and costs, are presented gross of an allowance for credit losses of $65.2 million and $63.3 million at March 31, 2025 and at December 31, 2024, respectively.

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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

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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

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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

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