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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value | Assets and liabilities measured at fair value are summarized below. Fair Value Measurements at December 31, 2024 using:
|  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ | — |  |  | $ | 97,387 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 325,119 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 225,561 |  |  |  | — |
Total securities available for sale |  |  | — |  |  |  | 648,067 |  |  |  | — |
Equity securities |  |  | — |  |  |  | 2,421 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 5,308 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |
Swap liability |  |  | — |  |  |  | 11,638 |  |  |  | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | — |  |  | $ | — |  |  | $ | 19,177 |
Fair Value Measurements at December 31, 2023 using:
|  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |
Securities available for sale |  |  |  |  |  |  |  |  |
U.S. Treasury securities and obligations of U.S. Government agencies |  | $ | — |  |  | $ | 67,658 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 338,599 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 212,015 |  |  |  | — |
Total securities available for sale |  |  | — |  |  |  | 618,272 |  |  |  | — |
Equity securities |  |  | — |  |  |  | 2,169 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 12,481 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |
Swap liability |  |  | — |  |  |  | 12,481 |  |  |  | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | — |  |  | $ | — |  |  | $ | 5,083 |
Quantitative Information about Level 3 Fair Value Measurements | The following tables present quantitative information about the Level 3 significant unobservable inputs for assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2024 and 2023.
|  | Quantitative Information about Level 3 Fair Value Measurements
December 31, 2024 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
Collateral-dependent loans |  | $ | 19,177 |  |  | Appraisals which utilize sales comparison, net income and cost approach |  | Discounts for collection issues and changes in market conditions |  | 10 - 75% |  | 25%
|  | Quantitative Information about Level 3 Fair Value Measurements
December 31, 2023 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
Collateral-dependent loans |  | $ | 5,083 |  |  | Appraisals which utilize sales comparison, net income and cost approach |  | Discounts for collection issues and changes in market conditions |  | 20 - 50% |  | 27%
Carrying Amount and Fair Value of Financial Instruments Carried at Amortized Cost | The carrying amount and fair value of financial instruments carried at amortized cost were as follows:
December 31, 2024 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 63,155 |  |  | $ | 63,155 |  |  | $ | 63,155 |  |  | $ | — |  |  | $ | — |
Investments in time deposits |  |  | 1,450 |  |  |  | 1,450 |  |  |  | — |  |  | $ | 1,450 |  |  |  | — |
Other securities |  |  | 30,352 |  |  |  | 30,352 |  |  |  | 30,352 |  |  |  | — |  |  |  | — |
Loans, held for sale |  |  | 665 |  |  |  | 665 |  |  |  | 665 |  |  |  | — |  |  |  | — |
Loans, net of allowance for credit losses |  |  | 3,041,561 |  |  |  | 2,919,899 |  |  |  | — |  |  |  | — |  |  |  | 2,919,899 |
Mortgage servicing rights |  |  | 2,877 |  |  |  | 3,854 |  |  |  | — |  |  |  | — |  |  |  | 3,854 |
Accrued interest receivable |  |  | 13,453 |  |  |  | 13,453 |  |  |  | 13,453 |  |  |  | — |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 2,266,916 |  |  |  | 2,266,916 |  |  |  | 2,266,916 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 944,954 |  |  |  | 948,734 |  |  |  | — |  |  |  | — |  |  |  | 948,734 |
Short-term FHLB advances |  |  | 339,000 |  |  |  | 339,000 |  |  |  | 339,000 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 1,501 |  |  |  | 1,418 |  |  |  | — |  |  |  | — |  |  |  | 1,418 |
Subordinated debentures |  |  | 104,089 |  |  |  | 101,175 |  |  |  | — |  |  |  | — |  |  |  | 101,175 |
Other borrowings |  |  | 6,293 |  |  |  | 6,293 |  |  |  | — |  |  |  | — |  |  |  | 6,293 |
Accrued interest payable |  |  | 9,518 |  |  |  | 9,518 |  |  |  | 9,518 |  |  |  | — |  |  |  | — |
December 31, 2023 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 60,406 |  |  | $ | 60,406 |  |  | $ | 60,406 |  |  | $ | — |  |  | $ | — |
Investments in time deposits |  |  | 1,225 |  |  |  | 1,225 |  |  |  | — |  |  | $ | 1,225 |  |  |  | — |
Other securities |  |  | 29,998 |  |  |  | 29,998 |  |  |  | 29,998 |  |  |  | — |  |  |  | — |
Loans, held for sale |  |  | 1,725 |  |  |  | 1,725 |  |  |  | 1,725 |  |  |  | — |  |  |  | — |
Loans, net of allowance for credit losses |  |  | 2,824,568 |  |  |  | 2,679,988 |  |  |  | — |  |  |  | — |  |  |  | 2,679,988 |
Mortgage servicing rights |  |  | 3,018 |  |  |  | 3,018 |  |  |  | — |  |  |  | — |  |  |  | 3,018 |
Accrued interest receivable |  |  | 12,819 |  |  |  | 12,819 |  |  |  | 12,819 |  |  |  | — |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 2,084,216 |  |  |  | 2,084,216 |  |  |  | 2,084,216 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 900,812 |  |  |  | 899,443 |  |  |  | — |  |  |  | — |  |  |  | 899,443 |
Short-term FHLB advances |  |  | 338,000 |  |  |  | 337,267 |  |  |  | 337,267 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 2,392 |  |  |  | 2,419 |  |  |  | — |  |  |  | — |  |  |  | 2,419 |
Subordinated debentures |  |  | 103,943 |  |  |  | 101,563 |  |  |  | — |  |  |  | — |  |  |  | 101,563 |
Other borrowings |  |  | 9,859 |  |  |  | 9,859 |  |  |  | — |  |  |  | — |  |  |  | 9,859 |
Accrued interest payable |  |  | 9,525 |  |  |  | 9,525 |  |  |  | 9,525 |  |  |  | — |  |  |  | — |

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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 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 + Details
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