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Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present the fair value measurements of assets and liabilities recognized in the accompanying consolidated balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at December 31, 2025 and 2024.

												December 31, 2025
												Fair Value Measurements Using
						Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
U.S. Government-sponsored agencies						$	63,764					$	—					$	63,764					$	—
Municipal securities						63,386						—						63,386						—
Agency mortgage-backed securities - residential						389,457						—						389,457						—
Agency mortgage-backed securities - commercial						58,477						—						58,477						—
Private label mortgage-backed securities - residential						123,673						—						123,673						—
Asset-backed securities						42,553						—						42,553						—
Corporate securities						37,377						—						37,377						—
Total available-for-sale securities						$	778,687					$	—					$	778,687					$	—
Servicing asset						22,793						—						—						22,793
Interest rate swap agreements - assets (back-to-back)						210						—						210						—
Interest rate swap agreements - liabilities (back-to-back)						(210)						—						(210)						—

 

												December 31, 2024
												Fair Value Measurements Using
						Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
U.S. Government-sponsored agencies						$	82,816					$	—					$	82,816					$	—
Municipal securities						63,654						—						63,654						—
Agency mortgage-backed securities - residential						269,641						—						269,641						—
Agency mortgage-backed securities - commercial						63,331						—						63,331						—
Private label mortgage-backed securities - residential						45,821						—						45,821						—
Asset-backed securities						23,821						—						23,821						—
Corporate securities						38,271						—						38,271						—
Total available-for-sale securities						$	587,355					$	—					$	587,355					$	—
Servicing asset						16,389						—						—						16,389
Interest rate swap agreements - assets (back-to-back)						200						—						200						—
Interest rate swap agreements - liabilities (back-to-back)						(200)						—						(200)						—

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table reconciles the beginning and ending balances of recurring fair value measurements recognized in the accompanying consolidated balance sheets using significant unobservable (Level 3) inputs. 

			Servicing Asset						Interest Rate Lock Commitments
Balance as of January 1, 2023			$	6,255					$	133
Total realized gains
Additions			5,775						—
Paydowns			(1,842)						—
Change in fair value			379						(133)
Balance, December 31, 2023			10,567						—
Total realized gains
Additions			8,359						—
Paydowns			(3,005)						—
Change in fair value			468						—
Balance, December 31, 2024			16,389						—
Total realized gains
Additions			11,870						—
Paydowns			(4,297)						—
Change in fair value			(1,169)						—
Balance, December 31, 2025			$	22,793					$	—

Fair Value Measurements, Nonrecurring

The following table presents the fair value measurements of assets and liabilities recognized in the accompanying consolidated balance sheets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurement falls at December 31, 2025 and December 31, 2024.

												December 31, 2025
												Fair Value Measurements Using
						Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Collateral dependent loans						$	336					$	—					$	—					$	336
Other real estate owned						2,631						—						—						2,631

												December 31, 2024
												Fair Value Measurements Using
						Fair Value						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Collateral dependent loans						$	4,296					$	—					$	—					$	4,296

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques

The following tables present quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements.

						Fair Value at December 31, 2025						Valuation Technique						Significant Unobservable Inputs						Range						Weighted-Average Range
Collateral dependent loans						$	336					Fair value of collateral						Discount for type of property and current market conditions						0% - 40%						30.8%
Servicing asset						22,793						Discounted cash flow						Prepayment speeds Discount rate						0% - 25% 13% - 15%						11.9% 13%
Other real estate owned						2,631						Fair value of collateral						Discount to reflect current market conditions						30% - 35%						32%

Fair Value at December 31, 2024

Valuation Technique

Significant Unobservable Inputs

Range

Weighted - Average Range

Collateral dependent loans

$

4,296

Fair value of collateral

Discount for type of property and current market conditions

0% - 75%

24.2%

Servicing asset

16,389

Discounted cash flow

Prepayment speeds Discount rate

0% - 25% 14%

11.7% 14%

Fair Value, by Balance Sheet Grouping

The following tables provide the carrying amounts and estimated fair values of the Company's financial instruments at December 31, 2025 and 2024:

						December 31, 2025
						Fair Value Measurements Using
						Carrying Amount						Fair Value						Quoted Prices In Active Markets for Identical Assets/Liabilities (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Cash and cash equivalents						$	456,777					$	456,777					$	456,777					$	—					$	—
Securities held-to-maturity						250,609						238,815						—						238,815						—
Loans held-for-sale						108,608						117,917						—						117,917						—
Net loans						3,691,042						3,642,632						—						—						3,642,632
Accrued interest receivable						27,909						27,909						27,909						—						—
Federal Home Loan Bank of Indianapolis stock						28,350						28,350						—						28,350						—
Deposits						4,839,813						4,853,941						2,559,565						—						2,294,376
Advances from Federal Home Loan Bank						249,500						252,046						—						252,046						—
Subordinated debt						105,465						105,492						37,059						68,433						—
Accrued interest payable						1,744						1,744						1,744						—						—

						December 31, 2024
						Fair Value Measurements Using
						Carrying Amount						Fair Value						Quoted Prices In Active Markets for Identical Assets/Liabilities (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Cash and cash equivalents						$	466,410					$	466,410					$	466,410					$	—					$	—
Securities held-to-maturity						249,796						228,851						—						228,851						—
Loans held-for-sale						54,695						58,510						—						58,510						—
Net loans						4,125,877						3,935,009						—						—						3,935,009
Accrued interest receivable						28,180						28,180						28,180						—						—
Federal Home Loan Bank of Indianapolis stock						28,350						28,350						—						28,350						—
Deposits						4,933,206						4,943,961						2,236,724						—						2,707,237
Advances from Federal Home Loan Bank						295,000						291,208						—						291,208						—
Subordinated debt						105,150						103,062						37,059						66,003						—
Accrued interest payable						2,495						2,495						2,495						—						—

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