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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities, Measured on Recurring Basis [Table]

The following tables summarize the balances of assets and liabilities measured at fair value on a recurring basis at the dates indicated:

			September 30, 2025
			Total						Level 1						Level 2						Level 3
			(Dollars in thousands)
Assets
Investment securities available for sale:
U.S. government and agency securities			$	11,642					$	—					$	11,642					$	—
Municipal securities			51,197						—						51,197						—
Residential CMO and MBS(1)			298,737						—						298,737						—
Commercial CMO and MBS(1)			255,995						—						255,995						—

			September 30, 2025
			Total						Level 1						Level 2						Level 3
			(Dollars in thousands)
Corporate obligations			7,019						—						7,019						—
Other asset-backed securities			6,641						—						6,641						—
Total investment securities available for sale			631,231						—						631,231						—
Equity security			248						248						—						—
Derivative assets - interest rate swaps			15,674						—						15,674						—
Liabilities
Derivative liabilities - interest rate swaps			$	15,674					$	—					$	15,674					$	—

(1) U.S. government agency and government-sponsored enterprise CMO and MBS.

			December 31, 2024
			Total						Level 1						Level 2						Level 3
			(Dollars in thousands)
Assets
Investment securities available for sale:
U.S. government and agency securities			$	12,544					$	—					$	12,544					$	—
Municipal securities			50,942						—						50,942						—
Residential CMO and MBS(1)			369,331						—						369,331						—
Commercial CMO and MBS(1)			309,741						—						309,741						—
Corporate obligations			11,770						—						11,770						—
Other asset-backed securities			10,066						—						10,066						—
Total investment securities available for sale			764,394						—						764,394						—
Equity security			297						297						—						—
Derivative assets - interest rate swaps			23,867						—						23,867						—
Liabilities
Derivative liabilities - interest rate swaps			$	23,867					$	—					$	23,867					$	—

(1) U.S. government agency and government-sponsored enterprise CMO and MBS.

Schedule of Fair Value, Assets, Nonrecurring Basis [Table]

The following tables present assets measured at fair value on a nonrecurring basis at the dates indicated:

			Fair Value at September 30, 2025
			Total						Level 1						Level 2						Level 3
			(Dollars in thousands)
Collateral-dependent loans:
Commercial business:
Commercial and industrial			$	346					$	—					$	—					$	346
Total commercial business			346						—						—						346
Residential real estate			898						—						—						898
Total assets measured at fair value on a nonrecurring basis			$	1,244					$	—					$	—					$	1,244

			Fair Value at December 31, 2024
			Total						Level 1						Level 2						Level 3
			(Dollars in thousands)
Collateral-dependent loans:
Commercial business:
Owner-occupied CRE			$	2,250					$	—					$	—					$	2,250
Total commercial business			2,250						—						—						2,250
Consumer			160						—						—						160
Total assets measured at fair value on a nonrecurring basis			$	2,410					$	—					$	—					$	2,410

Schedule of Fair Value Measurements, Non-recurring Basis, Level 3 [Table]

The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at the dates indicated:

September 30, 2025

Fair Value

Valuation Technique(s)

Unobservable Input(s)

Range of Inputs

Weighted Average (1)

(Dollars in thousands)

Collateral-dependent loans

$

1,244

Market approach

Adjustments to reflect current conditions and selling costs

10.0% - 10.0%

10.0%

December 31, 2024

Fair Value

Valuation Technique(s)

Unobservable Input(s)

Range of Inputs

Weighted Average (1)

(Dollars in thousands)

Collateral-dependent loans

$

2,410

Market approach

Adjustments to reflect current conditions and selling costs

10.0% - 10.0%

10.0%

(1) Weighted by net discount to net appraisal fair value

Schedule of Fair Value, Financial Instruments, Carrying Value [Table]

The following tables present the carrying value of the Company’s financial instruments and their corresponding estimated fair values at the dates indicated:

			September 30, 2025
			Carrying Value						Fair Value						Fair Value Measurements Using:
															Level 1						Level 2						Level 3
			(Dollars in thousands)
Financial Assets:
Cash and cash equivalents			$	245,491					$	245,491					$	245,491					$	—					$	—
Investment securities available for sale			631,231						631,231						—						631,231						—
Investment securities held to maturity			681,626						628,049						—						628,049						—
Loans receivable, net			4,715,186						4,708,834						—						—						4,708,834
Derivative assets - interest rate swaps			15,674						15,674						—						15,674						—
Equity security			248						248						248						—						—
Financial Liabilities:
Non-maturity deposits			$	4,907,222					$	4,907,222					$	4,907,222					$	—					$	—
Certificates of deposit			950,242						956,856						—						956,856						—

			September 30, 2025
			Carrying Value						Fair Value						Fair Value Measurements Using:
															Level 1						Level 2						Level 3
			(Dollars in thousands)
Borrowings			138,000						138,048						—						138,048						—
Junior subordinated debentures			22,277						20,673						—						—						20,673
Derivative liabilities - interest rate swaps			15,674						15,674						—						15,674						—

			December 31, 2024
			Carrying Value						Fair Value						Fair Value Measurements Using:
															Level 1						Level 2						Level 3
			(Dollars in thousands)
Financial Assets:
Cash and cash equivalents			$	117,100					$	117,100					$	117,100					$	—					$	—
Investment securities available for sale			764,394						764,394						—						764,394						—
Investment securities held to maturity			703,285						623,452						—						623,452						—
Loans receivable, net			4,749,655						4,694,516						—						—						4,694,516
Derivative assets - interest rate swaps			23,867						23,867						—						23,867						—
Equity security			297						297						297						—						—
Financial Liabilities:
Non-maturity deposits			$	4,707,362					$	4,707,362					$	4,707,362					$	—					$	—
Certificates of deposit			977,251						985,602						—						985,602						—
Borrowings			383,000						383,222						—						383,222						—
Junior subordinated debentures			22,058						20,357						—						—						20,357
Derivative liabilities - interest rate swaps			23,867						23,867						—						23,867						—

X

- 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
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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-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://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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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

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