XML 49 R38.htm IDEA: XBRL DOCUMENT v3.25.1
Fair Value of Assets and Liabilities - Summary of Financial Instruments Not Required to be Measured at Fair Value (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets:        
Carrying Amount $ 753,703 $ 775,037    
Fair Value 683,315 692,499    
Loans and leases, net of deferred fees and costs [1] 6,428,526 6,358,003    
Bank owned life insurance 144,843 143,710    
Liabilities:        
Debt securities held to maturity, allowance for credit loss 237 237    
Allowance for credit losses (on PCD loans) 65,232 63,348 $ 64,822 $ 62,011
Reported Value Measurement        
Assets:        
Carrying Amount 753,703 775,037    
Federal Home Loan Bank ("FHLB") stock 14,797 24,606    
Federal Reserve Bank ("FRB") stock 27,114 27,114    
Other investment securities 3,814 3,073    
Total other investment securities at cost 45,725 54,793    
Fair Value        
Assets:        
Fair Value 683,315 692,499    
Federal Home Loan Bank ("FHLB") stock 14,797 24,606    
Federal Reserve Bank ("FRB") stock 27,114 27,114    
Other investment securities 3,814 3,073    
Total other investment securities at cost 45,725 54,793    
Level 1 | Reported Value Measurement        
Assets:        
Cash and cash equivalents 186,978 217,664    
Level 1 | Fair Value        
Assets:        
Cash and cash equivalents 186,978 217,664    
Level 2 | Reported Value Measurement        
Assets:        
Bank owned life insurance 144,843 143,710    
Liabilities:        
Deposits 7,734,749 7,590,205    
Short-term borrowings 19,228 193,474    
Long-term borrowings 237,000 238,073    
Level 2 | Fair Value        
Assets:        
Bank owned life insurance 144,843 143,710    
Liabilities:        
Deposits 6,891,785 6,713,360    
Short-term borrowings 19,227 192,964    
Long-term borrowings 258,355 258,195    
Level 3 | Reported Value Measurement        
Assets:        
Loans and leases, net of deferred fees and costs 6,428,526 6,358,003    
Level 3 | Fair Value        
Assets:        
Loans and leases, net of deferred fees and costs, fair value 6,346,657 6,240,751    
U.S. government sponsored agencies        
Assets:        
Carrying Amount 222,698 233,302    
Fair Value 215,377 223,294    
Liabilities:        
Debt securities held to maturity, allowance for credit loss 0 0    
U.S. government sponsored agencies | Level 2 | Reported Value Measurement        
Assets:        
Carrying Amount 222,698 233,302    
U.S. government sponsored agencies | Level 2 | Fair Value        
Assets:        
Fair Value 215,377 223,294    
States and political subdivisions        
Assets:        
Carrying Amount 142,513 142,691    
Fair Value 112,471 110,848    
Liabilities:        
Debt securities held to maturity, allowance for credit loss 237 237    
States and political subdivisions | Level 2 | Reported Value Measurement        
Assets:        
Carrying Amount 142,513 142,691    
States and political subdivisions | Level 2 | Fair Value        
Assets:        
Fair Value 112,471 110,848    
Residential mortgage-backed securities        
Assets:        
Carrying Amount 290,023 300,290    
Fair Value 271,796 276,278    
Liabilities:        
Debt securities held to maturity, allowance for credit loss 0 0    
Residential mortgage-backed securities | Level 2 | Reported Value Measurement        
Assets:        
Carrying Amount 290,023 300,290    
Residential mortgage-backed securities | Level 2 | Fair Value        
Assets:        
Fair Value 271,796 276,278    
Commercial mortgage-backed securities        
Assets:        
Carrying Amount 98,469 98,754    
Fair Value 83,671 82,079    
Liabilities:        
Debt securities held to maturity, allowance for credit loss 0 0    
Commercial mortgage-backed securities | Level 2 | Reported Value Measurement        
Assets:        
Carrying Amount 98,469 98,754    
Commercial mortgage-backed securities | Level 2 | Fair Value        
Assets:        
Fair Value $ 83,671 $ 82,079    
[1] Also referred to throughout this Quarterly Report on Form 10-Q as "total loans" and "loans held for investment."