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Repurchase Agreements (Tables)
 9 Months Ended
Sep. 30, 2025
Repurchase Agreements [Abstract]  
Remaining Contractual Maturity of Securities Sold Under Agreements to Repurchase by Class of Collateral Pledged

The remaining contractual maturity of the securities sold under agreements to repurchase by class of collateral pledged included in the accompanying consolidated balance sheets as of September 30, 2025 and December 31, 2024 is presented in the following tables:

 
September 30, 2025
  
   
Remaining Contractual Maturity of the Agreements
  
(in thousands)
  
Overnight
and
Continuous
    
Up to 30
days
    
30-90 days
    
Greater
Than
90 days
    
Total
  
Repurchase agreements and repurchase-to-maturity transactions:
                              
U.S. Treasury and government agencies
  
$
11,849
    
$
0
    
$
13
    
$
11,222
    
$
23,084
  
State and political subdivisions
    
108,047
      
0
      
2,038
      
16,098
      
126,183
  
Agency mortgage-backed securities
    
25,506
      
0
      
481
      
95,090
       121,077  
Asset-backed securities
     3,304       0       0       11,215       14,519  
Total repurchase agreements  
$
148,706
    
$
0
    
$
2,532
    
$
133,625
    
$
284,863
  

 
December 31, 2024
  
   
Remaining Contractual Maturity of the Agreements
  
(in thousands)
  
Overnight
and
Continuous
    
Up to 30
days
    
30-90 days
    
Greater
Than
90 days
    
Total
  
Repurchase agreements and repurchase-to-maturity transactions:
                              
U.S. Treasury and government agencies
  
$
23,240
    
$
11
    
$
7,657
    
$
25,482
    
$
56,390
  
State and political subdivisions
    
108,775
      
489
      
7,288
      
3,700
      
120,252
  
Agency mortgage-backed securities
    
17,756
      
0
      
34,355
      
7,091
      
59,202
  
Asset-backed securities
     4,322       0       0       0       4,322  
Total repurchase agreements
  
$
154,093
    
$
500
    
$
49,300
    
$
36,273
    
$
240,166
  
Repurchase Agreements Presented on a Net Basis The following table presents information regarding repurchase agreements as if it was presented on a net basis as of September 30, 2025 and December 31, 2024:


     
Gross Amount Not Offset
in the Balance Sheet
        
(in thousands)
  
Gross
Amount of
Recognized
Liabilities
    
Gross
Amount
Offset in the
Balance
Sheet
    
Net Amount
of Liabilities
Presented in
the Balance
Sheet
    
Financial
Instruments
Posted as
Collateral
    
Cash Posted
as Collateral
    
Net
Amount
  
September 30, 2025:
                                    
Repurchase agreements
  
$
284,863
    
$
0
    
$
284,863
    
$
(284,863
)
  
$
0
    
$
0
  
                                                 
December 31, 2024:
                                                
Repurchase agreements
  
$
240,166
    
$
0
    
$
240,166
    
$
(240,166
)
  
$
0
    
$
0