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Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements, Recurring and Nonrecurring

Assets and liabilities measured at fair value, including financial assets for which we have elected the fair value option, were as follows:

									Fair Value Measurements Using
			Fair Value Measure- ments						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Un- observable Inputs (Level 3)
			(In thousands)
March 31, 2026:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency			$	7,251					$	—					$	7,251					$	—
U.S. agency residential mortgage-backed			85,488						—						85,488						—
U.S. agency commercial mortgage-backed			6,967						—						6,967						—
Private label mortgage-backed			37,107						—						37,107						—
Other asset backed			28,939						—						28,939						—
Obligations of states and political subdivisions			273,560						—						273,560						—
Corporate			41,999						—						41,999						—
Trust preferred			984						—						984						—
Loans held for sale			19,714						—						19,714						—
Capitalized mortgage loan servicing rights			32,233						—						—						32,233
Derivatives (1)			26,970						—						26,970						—
Liabilities
Derivatives (2)			15,575						—						15,575						—
Measured at Fair Value on a Non-recurring Basis:
Assets
Collateral dependent loans (3)
Commercial
Commercial and industrial			8,597						—						—						8,597
Commercial real estate			9,611						—						—						9,611
Mortgage
1-4 family owner occupied - non-jumbo			571						—						—						571
1-4 family non-owner occupied			78						—						—						78
1-4 family - 2nd lien			267						—						—						267
Resort lending			37						—						—						37
Installment
Boat lending			55						—						—						55
Recreational vehicle lending			387						—						—						387
Other			52						—						—						52

________________________________

(1)Included in accrued income and other assets

(2)Included in accrued expenses and other liabilities

(3)Only includes individually evaluated loans with specific allocations of the ACL based on collateral value.

									Fair Value Measurements Using
			Fair Value Measure- ments						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Un- observable Inputs (Level 3)
			(In thousands)
December 31, 2025:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency			$	7,917					$	—					$	7,917					$	—
U.S. agency residential mortgage-backed			81,065						—						81,065						—
U.S. agency commercial mortgage-backed			7,186						—						7,186						—
Private label mortgage-backed			40,506						—						40,506						—
Other asset backed			30,185						—						30,185						—
Obligations of states and political subdivisions			280,402						—						280,402						—
Corporate			47,661						—						47,661						—
Trust preferred			987						—						987						—
Loans held for sale			9,031						—						9,031						—
Capitalized mortgage loan servicing rights			31,493						—						—						31,493
Derivatives (1)			29,584						—						29,584						—
Liabilities
Derivatives (2)			19,551						—						19,551						—
Measured at Fair Value on a Non-recurring Basis:
Assets
Collateral dependent loans (3)
Commercial
Commercial and industrial			7,361						—						—						7,361
Commercial real estate			10,123						—						—						10,123
Mortgage
1-4 family owner occupied - non-jumbo			432						—						—						432
1-4 family non-owner occupied			14						—						—						14
1-4 family - 2nd lien			238						—						—						238
Resort lending			37						—						—						37
Installment
Boat lending			150						—						—						150
Recreational vehicle lending			153						—						—						153
Other			70						—						—						70

_________________________________

(1)Included in accrued income and other assets

(2)Included in accrued expenses and other liabilities

(3)Only includes individually evaluated loans with specific allocations of the ACL based on collateral value.

Schedule of Fair Value Option, Disclosures

Changes in fair values for financial assets which we have elected the fair value option for the periods presented were as follows:

			Changes in Fair Values for the Three Month Periods Ended March 31 for items Measured at Fair Value Pursuant to Election of the Fair Value Option
			Net Gains (losses) on Assets						Mortgage Loan Servicing, net						Total Change in Fair Values Included in Current Period Earnings
			Mortgage Loans
			(In thousands)
2026
Loans held for sale			$	(160)					$	—					$	(160)
Capitalized mortgage loan servicing rights			—						10						10
2025
Loans held for sale			55						—						55
Capitalized mortgage loan servicing rights			—						(2,424)						(2,424)

Schedule of Reconciliation for all Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

A reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follows:

															Capitalized Mortgage Loan Servicing Rights
									Three Months Ended March 31,
															2026						2025
									(In thousands)
Beginning balance															$	31,493					$	46,796
Total gains (losses) realized and unrealized:
Included in results of operations															10						(2,424)
Included in results of operations - gain on sale(1)															—						(94)
Included in other comprehensive loss															—						—
Purchases, issuances, settlements, maturities and calls															730						855
Sales(1)															—						(12,962)
Transfers in and/or out of Level 3															—						—
Ending balance															$	32,233					$	32,171
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at March 31															$	10					$	(2,424)

(1)     On January 31, 2025 we sold $931.6 million of mortgage loan servicing rights (26.3% of total servicing portfolio) and transferred the servicing on March 3, 2025. This sale represented approximately $13.1 million (41.5%) of the total capitalized mortgage loan servicing right asset. While there remains a customary hold back of final settlement funds of approximately $0.1 million relating to this transaction, we are not aware of any issues that will have a material impact on this final payment. We expect to receive this final payment in the second quarter of 2026. Transaction expenses relating to this sale were approximately $0.2 million and were expensed in 2025.

Schedule of Fair Value Measurement Inputs and Valuation Techniques (Level 3)

Quantitative information about our Level 3 fair value measurements measured on a recurring basis follows:

			Asset Fair Value						Valuation Technique						Unobservable Inputs						Range						Weighted Average
			(In thousands)
March 31, 2026
Capitalized mortgage loan servicing rights			$	32,233					Present value of net servicing revenue						Discount rate						9.50% to 19.59%						9.97		%
															Cost to service						$69 to $832						$	80
															Ancillary income						20 to 30						21
															Float rate						3.91		%				3.91		%
															Prepayment rate						5.39% to 43.76%						9.16		%
December 31, 2025
Capitalized mortgage loan servicing rights			$	31,493					Present value of net servicing revenue						Discount rate						9.50% to 18.65%						9.94		%
															Cost to service						$69 to $817						$	80
															Ancillary income						20 to 30						20
															Float rate						3.75		%				3.75		%
															Prepayment rate						5.39% to 39.62%						9.60%

Quantitative information about Level 3 fair value measurements measured on a non-recurring basis follows:

Asset Fair Value

Valuation Technique

Unobservable Inputs

Range

Weighted Average

(In thousands)

March 31, 2026

Collateral dependent loans

Commercial

$

9,314

(1)

Income approach

Discount rates used

10.0% to 16.0%

14.2

%

Income approach

Capitalization rate used

10.0%

10.0

%

Sales comparison approach

Adjustment for differences between comparable sales

(50.0) to 15.0

(0.6)

8,090

Discounting financial statement and machinery and equipment appraised values

Discount rates used

32.0 to 65.0

38.8

804

Sales comparison approach

Adjustment for differences between comparable sales

(18.0) to 42.0

8.7

Mortgage and Installment(2)

1,447

Sales comparison approach

Adjustment for differences between comparable sales

(22.0) to 15.1

0.3

December 31, 2025

Collateral dependent loans

Commercial

$

9,826

(1)

Income approach

Discount rates used

9.0% to 16.0%

13.5

%

Sales comparison approach

Adjustment for differences between comparable sales

(50.0) to 15.0

(0.6)

7,010

Discounting financial statement and machinery and equipment appraised values

Discount rates used

40.0 to 65.0

47.2

648

Sales comparison approach

Adjustment for differences between comparable sales

(18.0) to 65.0

8.7

Mortgage and Installment(2)

1,094

Sales comparison approach

Adjustment for differences between comparable sales

(17.7) to 16.9

0.2

(1)			We have one commercial loan relationship that is cross collateralized by several properties whose appraisals used different valuation techniques.
(2)			In addition to the valuation techniques and unobservable inputs discussed above, at March 31, 2026 and December 31, 2025 certain collateral dependent installment loans totaling approximately $0.50 million and $0.37 million, respectively, are secured by collateral other than real estate. For the majority of these loans, we apply internal discount rates to industry valuation guides.

Schedule of Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance for Loans Held for Sale

The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding for loans held for sale for which the fair value option has been elected for the periods presented.

			Aggregate Fair Value						Difference						Contractual Principal
			(In thousands)
Loans held for sale
March 31, 2026			$	19,714					$	(33)					$	19,747
December 31, 2025			9,031						127						8,904

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