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Fair Value Measurement (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value | Assets and liabilities measured at fair value are summarized in the tables below.
|  | Fair Value Measurements at September 30, 2025 Using: |
|  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Assets measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 36,126 |  |  | $ | — |  |  | $ | — |
Obligations of U.S. Government agencies |  |  | — |  |  |  | 29,620 |  |  | $ | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 321,606 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 267,264 |  |  |  | — |
Total securities available-for-sale |  |  | 36,126 |  |  | $ | 618,490 |  |  |  | — |
Equity securities |  |  | — |  |  |  | 2,573 |  |  |  | — |
Loans held for sale, at fair value |  |  | — |  |  |  | 8,012 |  |  |  | — |
Swap asset |  |  | — |  |  |  | 3,684 |  |  |  | — |
Liabilities measured at fair value on a recurring basis: |  |  |  |  |  |  |  |  |
Swap liability |  | $ | — |  |  | $ | 6,222 |  |  | $ | — |
Assets measured at fair value on a nonrecurring basis: |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | — |  |  | $ | — |  |  | $ | 6,982 |
|  | 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 |  | $ | 64,571 |  |  | $ | — |  |  | $ | — |
Obligations of U.S. Government agencies |  |  | — |  |  |  | 32,816 |  |  |  | — |
Obligations of states and political subdivisions |  |  | — |  |  |  | 325,119 |  |  |  | — |
Mortgage-backed securities in government sponsored entities |  |  | — |  |  |  | 225,561 |  |  |  | — |
Total securities available-for-sale |  |  | 64,571 |  |  |  | 583,496 |  |  |  | — |
Equity securities |  |  | — |  |  |  | 2,421 |  |  |  | — |
Loans held for sale |  |  | — |  |  |  | 665 |  |  |  | — |
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 |
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 a September 30, 2025 and December 31, 2024.
|  | Quantitative Information about Level 3 Fair Value Measurements
September 30, 2025 |  | Fair Value |  |  | Valuation Technique |  | Unobservable Input |  | Range |  | Weighted Average
Collateral-dependent loans |  | $ | 6,982 |  |  | Appraisals which utilize sales comparison, net income and cost approach |  | Discounts for collection issues and changes in market conditions |  | 10 - 40% |  | 23%
|  | 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%
Carrying Amount and Fair Value of Financial Instruments Carried at Amortized Cost | The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at September 30, 2025 were as follows:
September 30, 2025 |  | Carrying Amount |  |  | Total Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from financial institutions |  | $ | 62,766 |  |  | $ | 62,766 |  |  | $ | 62,766 |  |  | $ | — |  |  | $ | — |
Investments in time deposits |  |  | 735 |  |  |  | 735 |  |  |  | — |  |  |  | 735 |  |  |  | — |
Other securities |  |  | 27,901 |  |  |  | 27,901 |  |  |  | 27,901 |  |  |  | — |  |  |  | — |
Loans, net of allowance |  |  | 3,055,740 |  |  |  | 2,951,845 |  |  |  | — |  |  |  | — |  |  |  | 2,951,845 |
Accrued interest receivable |  |  | 14,070 |  |  |  | 14,070 |  |  |  | 14,070 |  |  |  | — |  |  |  | — |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonmaturing deposits |  |  | 2,203,706 |  |  |  | 2,203,706 |  |  |  | 2,203,706 |  |  |  | — |  |  |  | — |
Time deposits |  |  | 1,026,757 |  |  |  | 1,029,837 |  |  |  | — |  |  |  | — |  |  |  | 1,029,837 |
Short-term FHLB advances |  |  | 232,000 |  |  |  | 232,000 |  |  |  | 232,000 |  |  |  | — |  |  |  | — |
Long-term FHLB advances |  |  | 970 |  |  |  | 946 |  |  |  | — |  |  |  | — |  |  |  | 946 |
Subordinated debentures |  |  | 104,213 |  |  |  | 103,007 |  |  |  | — |  |  |  | — |  |  |  | 103,007 |
Other borrowings |  |  | 4,699 |  |  |  | 4,699 |  |  |  | — |  |  |  | — |  |  |  | 4,699 |
Accrued interest payable |  |  | 8,257 |  |  |  | 8,257 |  |  |  | 8,257 |  |  |  | — |  |  |  | — |
The carrying amount and fair values of financial instruments not measured at fair value on a recurring or nonrecurring basis at December 31, 2024 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, net of allowance |  |  | 3,041,561 |  |  |  | 2,919,899 |  |  |  | — |  |  |  | — |  |  |  | 2,919,899 |
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 |  |  |  | — |  |  |  | — |

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