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Securities (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Debt Securities, Available-for-Sale
The carrying amount of available-for-sale (“AFS”) securities and their approximate fair values at June 30, 2025, and December 31, 2024, are summarized as follows (in thousands):
June 30, 2025
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Securities Available-for-Sale
U.S. Treasuries and government agencies$164,859 $— $11,514 $153,345 
Obligations of states and municipalities892,321 315 83,503 809,133 
Residential mortgage backed - agency58,174 246 3,283 55,137 
Residential mortgage backed - non-agency240,055 482 7,533 233,004 
Commercial mortgage backed - agency55,105 60 716 54,449 
Commercial mortgage backed - non-agency132,095 360 2,347 130,108 
Asset-backed57,268 81 923 56,426 
Other32,076 262 1,329 31,009 
Total$1,631,953 $1,806 $111,148 $1,522,611 
December 31, 2024
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Securities Available-for-Sale
U.S. Treasuries and government agencies$165,619 $— $16,492 $149,127 
Obligations of states and municipalities777,181 846 79,303 698,724 
Residential mortgage backed - agency57,244 121 4,179 53,186 
Residential mortgage backed - non-agency259,964 44 12,132 247,876 
Commercial mortgage backed - agency33,791 27 747 33,071 
Commercial mortgage backed - non-agency158,621 2 4,112 154,511 
Asset-backed64,308 316 568 64,056 
Other32,861 302 1,343 31,820 
Total$1,549,589 $1,658 $118,876 $1,432,371 
The maturities of AFS securities at June 30, 2025, were as follows (in thousands): (Expected maturities of securities not due at a single maturity date are based on average life at estimated prepayment speed. Expected maturities may differ from contractual maturities because borrowers have the right to call or prepay some obligations with or without call or prepayment penalties).
June 30, 2025
Amortized Cost
One Year or LessOne to Five YearsFive to Ten YearsAfter Ten YearsTotal
Securities Available-for-Sale
U.S. Treasuries and government agencies$5,055 $159,804 $— $— $164,859 
Obligations of states and municipalities2,715 205,979 364,792 318,835 892,321 
Residential mortgage backed - agency17 23,332 24,495 10,330 58,174 
Residential mortgage backed - non-agency8,605 64,445 158,469 8,536 240,055 
Commercial mortgage backed - agency— 26,900 28,205 — 55,105 
Commercial mortgage backed - non-agency64,301 35,499 32,295 — 132,095 
Asset-backed121 33,472 23,675 — 57,268 
Other— 2,775 19,531 9,770 32,076 
Total$80,814 $552,206 $651,462 $347,471 $1,631,953 
June 30, 2025
Fair Value
One Year or LessOne to Five YearsFive to Ten YearsAfter Ten YearsTotal
Securities Available-for-Sale
U.S. Treasuries and government agencies$4,961 $148,384 $— $— $153,345 
Obligations of states and municipalities2,718 195,381 332,304 278,730 809,133 
Residential mortgage backed - agency17 23,202 21,356 10,562 55,137 
Residential mortgage backed - non-agency8,548 61,874 153,969 8,613 233,004 
Commercial mortgage backed - agency— 26,347 28,102 — 54,449 
Commercial mortgage backed - non-agency63,630 34,561 31,917 — 130,108 
Asset-backed120 32,979 23,327 — 56,426 
Other— 2,885 18,456 9,668 31,009 
Total$79,994 $525,613 $609,431 $307,573 $1,522,611 
Schedule of Realized Gain (Loss)
The proceeds from sales, calls, and maturities of debt securities available-for-sale, including principal payments received, and the related gross gains and losses realized, for the six months ended June 30, 2025, and June 30, 2024, were as follows (in thousands):
Proceeds fromGross realized
Six Months Ended June 30,SalesCalls and maturitiesPrincipal PaymentsGainsLosses
2025$963 $25,281 $82,455 $45 $6 
2024365,990 32,801 95,219 2,637 2,024 
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value
AFS securities in a continuous unrealized loss position for less than twelve months and more than twelve months are as follows (in thousands):
June 30, 2025
Less Than Twelve MonthsMore Than Twelve Months
Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesTotal Unrealized Losses
Securities Available-for-Sale
U.S. Treasuries and government agencies$— $— $153,345 $11,514 $11,514 
Obligations of states and municipalities354,688 11,627 433,430 71,876 83,503 
Residential mortgage backed - agency— — 42,612 3,283 3,283 
Residential mortgage backed - non-agency69,428 648 116,182 6,885 7,533 
Commercial mortgage backed - agency8,973 27 27,716 689 716 
Commercial mortgage backed - non-agency24,215 57 70,438 2,290 2,347 
Asset-backed20,166 134 27,299 789 923 
Other— — 22,643 1,329 1,329 
Total$477,470 $12,493 $893,665 $98,655 $111,148 
December 31, 2024
Less Than Twelve MonthsMore Than Twelve Months
Fair ValueGross Unrealized LossesFair ValueGross Unrealized LossesTotal Unrealized Losses
Securities Available-for-Sale
U.S. Treasuries and government agencies$— $— $149,127 $16,492 $16,492 
Obligations of states and municipalities181,027 5,338 433,488 73,965 79,303 
Residential mortgage backed - agency203 2 42,233 4,177 4,179 
Residential mortgage backed - non-agency110,191 1,911 134,727 10,221 12,132 
Commercial mortgage backed - agency3,412 29 28,885 718 747 
Commercial mortgage backed - non-agency30,064 523 108,761 3,589 4,112 
Asset-backed4,140 4 29,243 564 568 
Other15,123 138 8,295 1,205 1,343 
Total$344,160 $7,945 $934,759 $110,931 $118,876