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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):
| Fair Value Measurements at December 31, 2024 Using:
| Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
| (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Financial assets |  |  |  |  |  |  |
Investment Securities |  |  |  |  |  |  |
U.S. Treasuries and government agencies | $ | 149,127 |  |  | $ | — |  |  | $ | — |  |  | $ | 149,127 |
Obligations of state and municipalities | — |  |  | 698,724 |  |  | — |  |  | 698,724 |
Residential mortgage backed - agency | — |  |  | 53,186 |  |  | — |  |  | 53,186 |
Residential mortgage backed - non-agency | — |  |  | 247,876 |  |  | — |  |  | 247,876 |
Commercial mortgage backed - agency | — |  |  | 33,071 |  |  | — |  |  | 33,071 |
Commercial mortgage backed - non-agency | — |  |  | 154,511 |  |  | — |  |  | 154,511 |
Asset backed | — |  |  | 64,056 |  |  | — |  |  | 64,056 |
Other | — |  |  | 31,820 |  |  | — |  |  | 31,820 |
Total investment securities available-for-sale | $ | 149,127 |  |  | $ | 1,283,244 |  |  | $ | — |  |  | $ | 1,432,371 |
Loans held-for-sale, at fair value | $ | — |  |  | $ | 2,331 |  |  | $ | — |  |  | $ | 2,331 |
Equity investments | $ | — |  |  | $ | 12,407 |  |  | $ | — |  |  | $ | 12,407 |
Derivatives | $ | — |  |  | $ | 3,191 |  |  | $ | — |  |  | $ | 3,191 |
Financial liabilities |  |  |  |  |  |  |
Derivatives | $ | — |  |  | $ | 1,988 |  |  | $ | — |  |  | $ | 1,988 |
| Fair Value Measurements at December 31, 2023 Using:
| Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
| (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Financial assets |  |  |  |  |  |  |
Investment Securities |  |  |  |  |  |  |
U.S. Treasuries and government agencies | $ | 179,071 |  |  | $ | — |  |  | $ | — |  |  | $ | 179,071 |
Obligations of state and municipalities | — |  |  | 463,203 |  |  | — |  |  | 463,203 |
Residential mortgage backed - agency | — |  |  | 42,238 |  |  | — |  |  | 42,238 |
Residential mortgage backed - non-agency | — |  |  | 266,031 |  |  | — |  |  | 266,031 |
Commercial mortgage backed - agency | — |  |  | 34,885 |  |  | — |  |  | 34,885 |
Commercial mortgage backed - non-agency | — |  |  | 177,061 |  |  | — |  |  | 177,061 |
Asset backed | — |  |  | 77,936 |  |  | — |  |  | 77,936 |
Other | — |  |  | 8,014 |  |  | — |  |  | 8,014 |
Total investment securities available-for-sale | $ | 179,071 |  |  | $ | 1,069,368 |  |  | $ | — |  |  | $ | 1,248,439 |
Loans held-for-sale, at fair value | $ | — |  |  | $ | 1,497 |  |  | $ | — |  |  | $ | 1,497 |
Derivatives | $ | — |  |  | $ | 1,063 |  |  | $ | — |  |  | $ | 1,063 |
Financial liabilities |  |  |  |  |  |  |
Derivatives | $ | — |  |  | $ | 2,045 |  |  | $ | — |  |  | $ | 2,045 |
Schedule of Fair Value Measurements, Nonrecurring | Assets that were measured at fair value on a non-recurring basis during the period are summarized below (in thousands):
| Fair Value Measurements at December 31, 2024 Using:
| Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
| (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Collateral dependent loans |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | 2,668 |  |  | $ | 2,668 |
Owner-occupied commercial real estate | — |  |  | — |  |  | — |  |  | — |
Acquisition, construction & development | — |  |  | — |  |  | 232 |  |  | 232 |
Commercial & industrial | — |  |  | — |  |  | 249 |  |  | 249 |
Single family residential | — |  |  | — |  |  | 872 |  |  | 872 |
Consumer non-real estate and other | — |  |  | — |  |  | — |  |  | — |
Other real estate owned | — |  |  | — |  |  | 2,783 |  |  | 2,783 |
| Fair Value Measurements at December 31, 2023 Using:
| Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
| (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Collateral dependent loans |  |  |  |  |  |  |
Commercial real estate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Owner-occupied commercial real estate | — |  |  | — |  |  | — |  |  | — |
Acquisition, construction & development | — |  |  | — |  |  | — |  |  | — |
Commercial & industrial | — |  |  | — |  |  | — |  |  | — |
Single family residential | — |  |  | — |  |  | — |  |  | — |
Consumer non-real estate and other | — |  |  | — |  |  | — |  |  | — |
Other real estate owned | — |  |  | — |  |  | — |  |  | — |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The following table presents quantitative information about Level 3 Fair Value Measurements for assets measured at fair value on a non-recurring basis at December 31, 2024, and December 31, 2023 (in thousands except for percentages):
Description |  | Fair Value |  | Valuation Techniques |  | Unobservable Inputs |  | Range
December 31, 2024 |  |  |  |  |  |  |  |
Collateral dependent loans |  | $ | 4,021 |  |  | Appraisal of collateral |  | Management adjustments (e.g., liquidity, selling costs, etc.) |  | 5.0% to 20.0% for liquidity, 6.0% to 8.0% for selling costs
Other real estate owned |  | 2,783 |  |  | Appraisal of collateral |  | Management adjustments (e.g., liquidity, selling costs, etc.) |  | 5.0% to 20.0% for liquidity, 6.0% to 8.0% for selling costs
December 31, 2023 |  |  |  |  |  |  |  |
Collateral dependent loans |  | $ | — |  |  | Appraisal of collateral |  | Management adjustments (e.g., liquidity, selling costs, etc.) |  | 5.0% to 20.0% for liquidity, 6.0% to 8.0% for selling costs
Schedule of Fair Value Disclosure of Asset and Liability Not Measured at Fair Value | The carrying amounts and estimated fair values of financial instruments not carried at fair value, at December 31, 2024, and December 31, 2023, were as follows (in thousands):
|  |  | Fair Value Measurements at December 31, 2024 Using:
| Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 35,554 |  |  | $ | 35,554 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,554 |
Interest-bearing deposits with banks | 99,760 |  |  | 99,760 |  |  | — |  |  | — |  |  | 99,760 |
Loans, net | 5,604,196 |  |  | — |  |  | — |  |  | 5,465,772 |  |  | 5,465,772 |
Accrued interest | 34,454 |  |  | — |  |  | 34,454 |  |  | — |  |  | 34,454 |
Financial liabilities |  |  |  |  |  |  |  |  |
Non-interest-bearing | $ | 1,379,940 |  |  | $ | — |  |  | $ | 1,379,940 |  |  | $ | — |  |  | $ | 1,379,940 |
Interest-bearing | 5,135,299 |  |  | — |  |  | 5,126,423 |  |  | — |  |  | 5,126,423 |
Short-term borrowings | 365,000 |  |  | — |  |  | 364,985 |  |  | — |  |  | 364,985 |
Subordinated debentures, net | 94,872 |  |  | — |  |  | 91,760 |  |  | — |  |  | 91,760 |
Subordinated debentures owed to unconsolidated subsidiary trusts | 17,013 |  |  | — |  |  | 14,587 |  |  | — |  |  | 14,587 |
Accrued interest | 6,157 |  |  | — |  |  | 6,157 |  |  | — |  |  | 6,157 |
|  |  | Fair Value Measurements at December 31, 2023 Using:
| Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |  |
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | Total
Financial Assets |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 8,896 |  |  | $ | 8,896 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,896 |
Interest-bearing deposits with banks | 35,602 |  |  | 35,602 |  |  | — |  |  | — |  |  | 35,602 |
Loans, net | 2,062,455 |  |  | — |  |  | — |  |  | 1,897,459 |  |  | 1,897,459 |
Accrued interest | 15,895 |  |  | — |  |  | 15,895 |  |  | — |  |  | 15,895 |
Financial liabilities |  |  |  |  |  |  |  |  |
Non-interest-bearing | $ | 830,320 |  |  | $ | — |  |  | $ | 830,320 |  |  | $ | — |  |  | $ | 830,320 |
Interest-bearing | 2,171,561 |  |  | — |  |  | 2,167,218 |  |  | — |  |  | 2,167,218 |
Other borrowed funds | 272,000 |  |  | — |  |  | 271,716 |  |  | — |  |  | 271,716 |
Accrued interest | 8,954 |  |  | — |  |  | 8,954 |  |  | — |  |  | 8,954 |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -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 (bbb)(1) -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 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 information about fair value of asset and liability not measured at fair value. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E + 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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