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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Recorded Amount of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The table below presents the recorded amount of assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023:
(dollars in thousands) |  | Quoted Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3) |  | Total (Fair Value)
December 31, 2024 |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Investment securities available-for-sale: |  |  |  |  |  |  |  |
U.S. treasury bonds |  | $ | — |  |  | $ | 24,776 |  |  | $ | — |  |  | $ | 24,776 |
U.S. agency securities |  | — |  |  | 558,535 |  |  | — |  |  | 558,535 |
Residential mortgage-backed securities |  | — |  |  | 625,316 |  |  | — |  |  | 625,316 |
Commercial mortgage-backed securities |  | — |  |  | 48,945 |  |  | — |  |  | 48,945 |
Municipal bonds |  | — |  |  | 8,014 |  |  | — |  |  | 8,014 |
Corporate bonds |  | — |  |  | 1,818 |  |  | — |  |  | 1,818 |
Interest rate product |  | — |  |  | 31,592 |  |  | — |  |  | 31,592 |
Credit risk participation agreements |  | — |  |  | — |  |  | — |  |  | — |
Total assets measured at fair value on a recurring basis as of December 31, 2024 |  | $ | — |  |  | $ | 1,298,996 |  |  | $ | — |  |  | $ | 1,298,996 |
Liabilities: |  |  |  |  |  |  |  |
Interest rate product |  | $ | — |  |  | $ | 29,110 |  |  | $ | — |  |  | $ | 29,110 |
Total liabilities measured at fair value on a recurring basis as of December 31, 2024 |  | $ | — |  |  | $ | 29,110 |  |  | $ | — |  |  | $ | 29,110 |
December 31, 2023 |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Investment securities available-for-sale: |  |  |  |  |  |  |  |
U.S. treasury bonds |  | $ | — |  |  | $ | 47,901 |  |  | $ | — |  |  | $ | 47,901 |
U.S. agency securities |  | — |  |  | 671,397 |  |  | — |  |  | 671,397 |
Residential mortgage-backed securities |  | — |  |  | 727,353 |  |  | — |  |  | 727,353 |
Commercial mortgage-backed securities |  | — |  |  | 49,564 |  |  | — |  |  | 49,564 |
Municipal bonds |  | — |  |  | 8,490 |  |  | — |  |  | 8,490 |
Corporate bonds |  | — |  |  | 1,683 |  |  | — |  |  | 1,683 |
Interest rate product |  | — |  |  | 30,662 |  |  | — |  |  | 30,662 |
Credit risk participation agreements |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total assets measured at fair value on a recurring basis as of December 31, 2023 |  | $ | — |  |  | $ | 1,537,053 |  |  | $ | — |  |  | $ | 1,537,053 |
Liabilities: |  |  |  |  |  |  |  |
Interest rate product |  | $ | — |  |  | $ | 30,555 |  |  | $ | — |  |  | $ | 30,555 |
Total liabilities measured at fair value on a recurring basis as of December 31, 2023 |  | $ | — |  |  | $ | 30,555 |  |  | $ | — |  |  | $ | 30,555 |
Schedule of Assets Measured at Fair Value on Nonrecurring Basis | Assets measured at fair value on a nonrecurring basis are included in the table below. There were no liabilities measured at fair value on a non-recurring basis at December 31, 2024 and 2023.
(dollars in thousands) |  | Quoted Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3) |  | Total (Fair Value)
December 31, 2024 |  |  |  |  |  |  |  |
Individually assessed loans: |  |  |  |  |  |  |  |
Commercial |  | $ | — |  |  | $ | — |  |  | $ | 2,551 |  |  | $ | 2,551 |
Income producing - commercial real estate |  | — |  |  | — |  |  | 158,956 |  |  | 158,956 |
Owner occupied - commercial real estate |  | — |  |  | — |  |  | 30,384 |  |  | 30,384 |
Real estate mortgage - residential |  | — |  |  | — |  |  | — |  |  | — |
Construction - commercial and residential |  | — |  |  | — |  |  | 303 |  |  | 303 |
Home equity |  | — |  |  | — |  |  | — |  |  | — |
Other real estate owned |  | — |  |  | — |  |  | 2,743 |  |  | 2,743 |
Total assets measured at fair value on a nonrecurring basis as of December 31, 2024 |  | $ | — |  |  | $ | — |  |  | $ | 194,937 |  |  | $ | 194,937 |
(dollars in thousands) |  | Quoted Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3) |  | Total (Fair Value)
December 31, 2023 |  |  |  |  |  |  |  |
Individually assessed loans: |  |  |  |  |  |  |  |
Commercial |  | $ | — |  |  | $ | — |  |  | $ | 2,475 |  |  | $ | 2,475 |
Income producing - commercial real estate |  | — |  |  | — |  |  | 41,038 |  |  | 41,038 |
Owner occupied - commercial real estate |  | — |  |  | — |  |  | 19,880 |  |  | 19,880 |
Real estate mortgage - residential |  | — |  |  | — |  |  | 1,638 |  |  | 1,638 |
Consumer |  | — |  |  | — |  |  | 396 |  |  | 396 |
Home equity |  | — |  |  | — |  |  | 242 |  |  | 242 |
Other real estate owned |  | — |  |  | — |  |  | 1,108 |  |  | 1,108 |
Total assets measured at fair value on a nonrecurring basis as of December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | 66,777 |  |  | $ | 66,777 |
Schedule of Estimated Fair Values of Financial Instruments | The estimated fair values of the Company’s financial instruments at December 31, 2024 and 2023 are as follows:
|  |  |  |  |  | Fair Value Measurements
(dollars in thousands) |  | Carrying Value |  | Fair Value |  | Quoted Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Other Unobservable Inputs (Level 3)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 11,882 |  |  | $ | 11,882 |  |  | $ | 11,882 |  |  | $ | — |  |  | $ | — |
Federal funds sold |  | 2,581 |  |  | 2,581 |  |  | — |  |  | 2,581 |  |  | — |
Interest bearing deposits with other banks |  | 619,017 |  |  | 619,017 |  |  | — |  |  | 619,017 |  |  | — |
Investment securities available-for-sale |  | 1,267,404 |  |  | 1,267,404 |  |  | — |  |  | 1,267,404 |  |  | — |
Investment securities held-to-maturity |  | 938,647 |  |  | 820,382 |  |  | — |  |  | 820,382 |  |  | — |
Federal Reserve and Federal Home Loan Bank stock |  | 51,763 |  |  | N/A |  | — |  |  | — |  |  | — |
Loans |  | 7,934,888 |  |  | 7,707,424 |  |  | — |  |  | — |  |  | 7,707,424 |
Bank owned life insurance |  | 115,806 |  |  | 115,806 |  |  | — |  |  | 115,806 |  |  | — |
Annuity investment |  | 12,656 |  |  | 12,656 |  |  | — |  |  | 12,656 |  |  | — |
Interest rate product |  | 31,592 |  |  | 31,592 |  |  | — |  |  | 31,592 |  |  | — |
Accrued interest receivable |  | 49,479 |  |  | 49,479 |  |  | — |  |  | 49,479 |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |
Noninterest bearing deposits |  | 1,544,403 |  |  | 1,544,403 |  |  | — |  |  | 1,544,403 |  |  | — |
Interest bearing deposits |  | 4,811,012 |  |  | 4,811,012 |  |  | — |  |  | 4,811,012 |  |  | — |
Time deposits |  | 2,775,663 |  |  | 2,785,891 |  |  | — |  |  | 2,785,891 |  |  | — |
Customer repurchase agreements |  | 33,157 |  |  | 33,157 |  |  | — |  |  | 33,157 |  |  | — |
Other short-term borrowings |  | 490,000 |  |  | 490,000 |  |  | — |  |  | 490,000 |  |  | — |
Long-term borrowings |  | 76,108 |  |  | 82,916 |  |  | — |  |  | 82,916 |  |  | — |
Interest rate product |  | 29,110 |  |  | 29,110 |  |  | — |  |  | 29,110 |  |  | — |
Accrued interest payable |  | 17,844 |  |  | 17,844 |  |  | — |  |  | 17,844 |  |  | — |
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 9,047 |  |  | $ | 9,047 |  |  | $ | 9,047 |  |  | $ | — |  |  | $ | — |
Federal funds sold |  | 3,740 |  |  | 3,740 |  |  | — |  |  | 3,740 |  |  | — |
Interest bearing deposits with other banks |  | 709,897 |  |  | 709,897 |  |  | — |  |  | 709,897 |  |  | — |
Investment securities available-for-sale |  | 1,506,388 |  |  | 1,506,388 |  |  | — |  |  | 1,506,388 |  |  | — |
Investment securities held-to-maturity |  | 1,015,737 |  |  | 901,582 |  |  | — |  |  | 901,582 |  |  | — |
Federal Reserve and Federal Home Loan Bank stock |  | 25,748 |  |  | N/A |  | — |  |  | — |  |  | — |
Loans held for sale |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Loans |  | 7,968,695 |  |  | 7,720,241 |  |  | — |  |  | — |  |  | 7,720,241 |
Bank owned life insurance |  | 112,921 |  |  | 112,921 |  |  | — |  |  | 112,921 |  |  | — |
Annuity investment |  | 13,112 |  |  | 13,112 |  |  | — |  |  | 13,112 |  |  | — |
Credit risk participation agreements |  | 3 |  |  | 3 |  |  | — |  |  | 3 |  |  | — |
Interest rate product |  | 30,662 |  |  | 30,662 |  |  | — |  |  | 30,662 |  |  | — |
Accrued interest receivable |  | 53,337 |  |  | 53,337 |  |  | 53,337 |  |  | — |  |  | — |
Liabilities |  |  |  |  |  |  |  |  |  |
Noninterest bearing deposits |  | 2,279,081 |  |  | 2,279,081 |  |  | — |  |  | 2,279,081 |  |  | — |
Interest bearing deposits |  | 4,311,491 |  |  | 4,311,491 |  |  | — |  |  | 4,311,491 |  |  | — |
Time deposits |  | 2,217,467 |  |  | 2,217,795 |  |  | — |  |  | 2,217,795 |  |  | — |
Customer repurchase agreements |  | 30,587 |  |  | 30,587 |  |  | — |  |  | 30,587 |  |  | — |
Other short-term borrowings |  | 1,369,918 |  |  | 1,368,621 |  |  | — |  |  | 1,368,621 |  |  | — |
Long-term borrowings |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest rate product |  | 30,555 |  |  | 30,555 |  |  | — |  |  | 30,555 |  |  | — |
Accrued interest payable |  | 57,395 |  |  | 57,395 |  |  | 57,395 |  |  | — |  |  | — |

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- 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 -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition 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 + Details
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