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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value |
Schedule of assets and liabilities measured at fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024
​ | ​ | Fair Value Measurements Using
​ | ​ | Significant Unobservable Inputs (Level 3)
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
U.S. Government agencies | ​ | $ | — | ​ | $ | 88,114 | ​ | $ | — | ​ | $ | 88,114
Mortgage Backed Securities-residential | ​ |  | — | ​ |  | 545,799 | ​ |  | — | ​ |  | 545,799
Mortgage Backed Securities-commercial | ​ |  | — | ​ |  | 7,397 | ​ |  | — | ​ |  | 7,397
Collateralized mortgage obligations | ​ |  | — | ​ |  | 175,427 | ​ |  | — | ​ |  | 175,427
State and municipal | ​ |  | — | ​ |  | 362,944 | ​ |  | 805 | ​ |  | 363,749
Municipal taxable | ​ |  | — | ​ |  | 34,001 | ​ |  | — | ​ |  | 34,001
U.S. Treasury | ​ |  | — | ​ |  | 912 | ​ |  | — | ​ |  | 912
Collateralized debt obligations | ​ |  | — | ​ |  | — | ​ |  | 2,888 | ​ |  | 2,888
TOTAL | ​ | $ | — | ​ | $ | 1,214,594 | ​ | $ | 3,693 | ​ | $ | 1,218,287
Derivative Assets | ​ | ​ | ​ | ​ | ​ | 3,095 | ​ |  |  | ​ |  |
Derivative Liabilities | ​ | ​ | ​ | ​ |  | (3,095) | ​ |  |  | ​ |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023
​ | ​ | Fair Value Measurements Using
​ | ​ | Significant Unobservable Inputs (Level 3)
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
U.S. Government agencies | ​ | $ | — | ​ | $ | 91,440 | ​ | $ | — | ​ | $ | 91,440
Mortgage Backed Securities-residential | ​ | ​ | — | ​ | ​ | 569,885 | ​ |  | — | ​ | ​ | 569,885
Mortgage Backed Securities-commercial |  | ​ | — |  | ​ | 7,483 | ​ |  | — |  | ​ | 7,483
Collateralized mortgage obligations |  | ​ | — |  | ​ | 180,829 | ​ |  | — |  | ​ | 180,829
State and municipal |  | ​ | — |  | ​ | 369,631 | ​ |  | 1,180 |  | ​ | 370,811
Municipal taxable |  | ​ | — |  | ​ | 34,285 | ​ |  | — |  | ​ | 34,285
U.S. Treasury |  | ​ | — |  | ​ | 1,402 | ​ |  | — |  | ​ | 1,402
Collateralized debt obligations |  | ​ | — |  | ​ | — | ​ |  | 3,002 |  | ​ | 3,002
TOTAL | ​ | $ | — | ​ | $ | 1,254,955 | ​ | $ | 4,182 | ​ | $ | 1,259,137
Derivative Assets | ​ | ​ | ​ | ​ | ​ | 2,878 | ​ |  |  | ​ |  |
Derivative Liabilities | ​ | ​ | ​ | ​ |  | (2,878) | ​ |  |  | ​ |  |
Schedule of fair value measurements using significant unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
​ | ​ | Three Months Ended
​ | ​ | March 31, 2024
​ |  | State and |  | ​ | ​ |  | ​ | ​
​ | ​ | municipal | ​ | Collateralized | ​ | ​ | ​
(Dollar amounts in thousands) |  | obligations |  | debt obligations |  | Total
Beginning balance, January 1 | ​ | $ | 1,180 | ​ | $ | 3,002 | ​ | $ | 4,182
Total realized/unrealized gains or losses | ​ |  | ​ | ​ | ​ | ​ | ​ |  |
Included in earnings | ​ |  | — | ​ |  | — | ​ |  | —
Included in other comprehensive income | ​ |  | — | ​ |  | (114) | ​ |  | (114)
Transfers | ​ |  | — | ​ |  | — | ​ |  | —
Settlements | ​ |  | (375) | ​ |  | — | ​ |  | (375)
Ending balance, March 31 | ​ | $ | 805 | ​ | $ | 2,888 | ​ | $ | 3,693
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
​ | ​ | Year Ended
​ | ​ | December 31, 2023
​ | ​ | State and | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | municipal | ​ | Collateralized | ​ | ​ | ​
(Dollar amounts in thousands) |  | obligations |  | debt obligations | ​ | Total
Beginning balance, January 1 | ​ | $ | 1,545 | ​ | $ | 2,986 | ​ | $ | 4,531
Total realized/unrealized gains or losses |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
Included in earnings |  | ​ | — | ​ |  | — | ​ | ​ | —
Included in other comprehensive income |  | ​ | — | ​ |  | 16 | ​ | ​ | 16
Purchases |  | ​ | — | ​ |  | — | ​ | ​ | —
Settlements |  | ​ | (365) | ​ |  | — | ​ | ​ | (365)
Ending balance, December 31 | ​ | $ | 1,180 | ​ | $ | 3,002 | ​ | $ | 4,182
Schedule of quantitative information about recurring and non-recurring Level 3 | The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at March 31, 2024. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |
State and municipal obligations | ​ | $ | 805 |  | Discounted cash flow |  | Discount rate |  | 4.24%-4.44 | %
Collateralized debt obligations | ​ | $ | 2,888 |  | Discounted cash flow |  | Discount rate |  | 7.32 | %
Collateral dependent loans | ​ | $ | 10,343 |  | Discounted cash flow |  | Discount rate for age of appraisal and market conditions |  | 10.00%-100.00 | %
​ The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2023. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |
State and municipal obligations | ​ | $ | 1,180 |  | Discounted cash flow |  | Discount rate |  | 4.04%-4.44 | %
Collateralized debt obligations | ​ | $ | 3,002 |  | Discounted cash flow |  | Discount rate |  | 7.36 | %
Collateral dependent loans | ​ | ​ | 11,306 |  | Discounted cash flow |  | Discount rate for age of appraisal and market conditions |  | 0.00%-100.00 | %
Schedule of carrying amount and estimated fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2024
​ | ​ | Carrying | ​ | Fair Value
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and due from banks | ​ | $ | 69,231 | ​ | $ | 25,420 | ​ | $ | 43,811 | ​ | $ | — | ​ | $ | 69,231
Federal funds sold | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Securities available-for-sale | ​ |  | 1,218,287 | ​ |  | — | ​ |  | 1,214,594 | ​ |  | 3,693 | ​ |  | 1,218,287
Restricted stock | ​ |  | 15,371 | ​ |  | n/a |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a
Loans, net | ​ |  | 3,151,938 | ​ |  | — | ​ |  | — | ​ |  | 3,016,655 | ​ |  | 3,016,655
Accrued interest receivable | ​ |  | 23,851 | ​ |  | — | ​ |  | 6,608 | ​ |  | 17,243 | ​ |  | 23,851
Deposits | ​ |  | (4,105,103) | ​ |  | — | ​ |  | (4,102,762) | ​ |  | — | ​ |  | (4,102,762)
Short-term borrowings | ​ |  | (88,873) | ​ |  | — | ​ |  | (88,873) | ​ |  | — | ​ |  | (88,873)
Other borrowings | ​ |  | (58,576) | ​ |  | — | ​ |  | (58,510) | ​ |  | — | ​ |  | (58,510)
Accrued interest payable | ​ |  | (3,142) | ​ |  | — | ​ |  | (3,142) | ​ |  | — | ​ |  | (3,142)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023
​ | ​ | Carrying | ​ | Fair Value
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and due from banks | ​ | $ | 76,759 | ​ | $ | 25,467 | ​ | $ | 51,292 | ​ | $ | — | ​ | $ | 76,759
Federal funds sold | ​ | ​ | 282 | ​ | ​ | — | ​ | ​ | 282 | ​ | ​ | — | ​ | ​ | 282
Securities available-for-sale |  | ​ | 1,259,137 | ​ |  | — | ​ |  | 1,254,955 | ​ |  | 4,182 |  | ​ | 1,259,137
Restricted stock |  | ​ | 15,364 | ​ |  | n/a |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a
Loans, net |  | ​ | 3,128,054 | ​ |  | — | ​ |  | — | ​ |  | 3,025,621 |  | ​ | 3,025,621
Accrued interest receivable |  | ​ | 24,877 | ​ |  | — | ​ |  | 6,755 | ​ |  | 18,122 |  | ​ | 24,877
Deposits |  | ​ | (4,090,068) | ​ |  | — | ​ |  | (4,094,552) | ​ |  | — |  | ​ | (4,094,552)
Short-term borrowings |  | ​ | (67,221) | ​ |  | — | ​ |  | (67,221) | ​ |  | — |  | ​ | (67,221)
Other borrowings |  | ​ | (108,577) | ​ |  | — | ​ |  | (108,496) | ​ |  | — |  | ​ | (108,496)
Accrued interest payable |  | ​ | (2,588) | ​ |  | — | ​ |  | (2,588) | ​ |  | — |  | ​ | (2,588)
​

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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