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Fair Value (Tables) | 3 Months Ended
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Mar. 31, 2025
Fair Value |
Schedule of assets and liabilities measured at fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2025
​ | ​ | Fair Value Measurements Using
​ | ​ | Significant Unobservable Inputs (Level 3)
(Dollar amounts in thousands) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
U.S. Government agencies | ​ | $ | — | ​ | $ | 77,899 | ​ | $ | — | ​ | $ | 77,899
Mortgage Backed Securities-residential | ​ |  | — | ​ |  | 535,842 | ​ |  | — | ​ |  | 535,842
Mortgage Backed Securities-commercial | ​ |  | — | ​ |  | 13,722 | ​ |  | — | ​ |  | 13,722
Collateralized mortgage obligations | ​ |  | — | ​ |  | 159,296 | ​ |  | — | ​ |  | 159,296
State and municipal | ​ |  | — | ​ |  | 356,454 | ​ |  | — | ​ |  | 356,454
Municipal taxable | ​ |  | — | ​ |  | 36,380 | ​ |  | — | ​ |  | 36,380
Collateralized debt obligations | ​ |  | — | ​ |  | — | ​ |  | 2,902 | ​ |  | 2,902
TOTAL | ​ | $ | — | ​ | $ | 1,179,593 | ​ | $ | 2,902 | ​ | $ | 1,182,495
Derivative Assets | ​ | ​ | ​ | ​ | ​ | 2,946 | ​ |  |  | ​ |  |
Derivative Liabilities | ​ | ​ | ​ | ​ |  | (2,946) | ​ |  |  | ​ |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 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 | ​ | $ | — | ​ | $ | 78,982 | ​ | $ | — | ​ | $ | 78,982
Mortgage Backed Securities-residential | ​ | ​ | — | ​ | ​ | 541,320 | ​ |  | — | ​ | ​ | 541,320
Mortgage Backed Securities-commercial |  | ​ | — |  | ​ | 13,661 | ​ |  | — |  | ​ | 13,661
Collateralized mortgage obligations |  | ​ | — |  | ​ | 163,026 | ​ |  | — |  | ​ | 163,026
State and municipal |  | ​ | — |  | ​ | 359,523 | ​ |  | 805 |  | ​ | 360,328
Municipal taxable |  | ​ | — |  | ​ | 35,777 | ​ |  | — |  | ​ | 35,777
Collateralized debt obligations |  | ​ | — |  | ​ | — | ​ |  | 2,896 |  | ​ | 2,896
TOTAL | ​ | $ | — | ​ | $ | 1,192,289 | ​ | $ | 3,701 | ​ | $ | 1,195,990
Derivative Assets | ​ | ​ | ​ | ​ | ​ | 3,060 | ​ |  |  | ​ |  |
Derivative Liabilities | ​ | ​ | ​ | ​ |  | (3,060) | ​ |  |  | ​ |  |
Schedule of fair value measurements using significant unobservable inputs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
​ | ​ | Three Months Ended
​ | ​ | March 31, 2025
​ |  | State and |  | ​ | ​ |  | ​ | ​
​ | ​ | municipal | ​ | Collateralized | ​ | ​ | ​
(Dollar amounts in thousands) |  | obligations |  | debt obligations |  | Total
Beginning balance, January 1 | ​ | $ | 805 | ​ | $ | 2,896 | ​ | $ | 3,701
Total realized/unrealized gains or losses | ​ |  | ​ | ​ | ​ | ​ | ​ |  |
Included in earnings | ​ |  | — | ​ |  | — | ​ |  | —
Included in other comprehensive income | ​ |  | — | ​ |  | 6 | ​ |  | 6
Transfers | ​ |  | — | ​ |  | — | ​ |  | —
Settlements | ​ |  | (805) | ​ |  | — | ​ |  | (805)
Ending balance, March 31 | ​ | $ | — | ​ | $ | 2,902 | ​ | $ | 2,902
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
​ | ​ | Year Ended
​ | ​ | December 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 |  | ​ | — | ​ |  | (106) | ​ | ​ | (106)
Purchases |  | ​ | — | ​ |  | — | ​ | ​ | —
Settlements |  | ​ | (375) | ​ |  | — | ​ | ​ | (375)
Ending balance, December 31 | ​ | $ | 805 | ​ | $ | 2,896 | ​ | $ | 3,701
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, 2025. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollar amounts in thousands) |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |
Collateralized debt obligations | ​ | $ | 2,902 |  | Discounted cash flow |  | Discount rate |  | 6.29 | %
Collateral dependent loans | ​ | $ | 2,590 |  | Discounted cash flow |  | Discount rate for age of appraisal and market conditions |  | 30.00%-100.00 | %
​ The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 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 | ​ | $ | 2,896 |  | Discounted cash flow |  | Discount rate |  | 6.62 | %
Collateral dependent loans | ​ | ​ | 3,099 |  | Discounted cash flow |  | Discount rate for age of appraisal and market conditions |  | 20.00%-100.00 | %
Schedule of carrying amount and estimated fair value of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025
​ | ​ | Carrying | ​ | Fair Value
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and due from banks | ​ | $ | 86,211 | ​ | $ | 31,843 | ​ | $ | 54,368 | ​ | $ | — | ​ | $ | 86,211
Federal funds sold | ​ | ​ | 427 | ​ | ​ | — | ​ | ​ | 427 | ​ | ​ | — | ​ | ​ | 427
Securities available-for-sale | ​ |  | 1,182,495 | ​ |  | — | ​ |  | 1,179,593 | ​ |  | 2,902 | ​ |  | 1,182,495
Restricted stock | ​ |  | 17,528 | ​ |  | n/a |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a
Loans, net | ​ |  | 3,807,185 | ​ |  | — | ​ |  | — | ​ |  | 3,727,796 | ​ |  | 3,727,796
Accrued interest receivable | ​ |  | 25,556 | ​ |  | — | ​ |  | 6,497 | ​ |  | 19,059 | ​ |  | 25,556
Deposits | ​ |  | (4,640,003) | ​ |  | — | ​ |  | (4,634,010) | ​ |  | — | ​ |  | (4,634,010)
Short-term borrowings | ​ |  | (137,609) | ​ |  | — | ​ |  | (137,609) | ​ |  | — | ​ |  | (137,609)
Other borrowings | ​ |  | (124,898) | ​ |  | — | ​ |  | (124,898) | ​ |  | — | ​ |  | (124,898)
Accrued interest payable | ​ |  | (3,378) | ​ |  | — | ​ |  | (3,378) | ​ |  | — | ​ |  | (3,378)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2024
​ | ​ | Carrying | ​ | Fair Value
(Dollar amounts in thousands) |  | Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash and due from banks | ​ | $ | 93,526 | ​ | $ | 35,889 | ​ | $ | 57,637 | ​ | $ | — | ​ | $ | 93,526
Federal funds sold | ​ | ​ | 820 | ​ | ​ | — | ​ | ​ | 820 | ​ | ​ | — | ​ | ​ | 820
Securities available-for-sale |  | ​ | 1,195,990 | ​ |  | — | ​ |  | 1,192,289 | ​ |  | 3,701 |  | ​ | 1,195,990
Restricted stock |  | ​ | 17,555 | ​ |  | n/a |  | ​ | n/a |  | ​ | n/a |  | ​ | n/a
Loans, net |  | ​ | 3,790,409 | ​ |  | — | ​ |  | — | ​ |  | 3,717,843 |  | ​ | 3,717,843
Accrued interest receivable |  | ​ | 26,934 | ​ |  | — | ​ |  | 6,543 | ​ |  | 20,391 |  | ​ | 26,934
Deposits |  | ​ | (4,718,914) | ​ |  | — | ​ |  | (4,723,356) | ​ |  | — |  | ​ | (4,723,356)
Short-term borrowings |  | ​ | (187,057) | ​ |  | — | ​ |  | (187,057) | ​ |  | — |  | ​ | (187,057)
Other borrowings |  | ​ | (28,120) | ​ |  | — | ​ |  | (29,693) | ​ |  | — |  | ​ | (29,693)
Accrued interest payable |  | ​ | (3,799) | ​ |  | — | ​ |  | (3,799) | ​ |  | — |  | ​ | (3,799)
​

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + 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 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + 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://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 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://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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