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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2026
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The following tables present the fair value measurements of assets and liabilities recognized in the accompanying condensed 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 June 30, 2026 and December 31, 2025.
|  |  |  | June 30, 2026 Fair Value Measurements Using
(amounts in thousands) |  | 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 |  | $ | 54,275 |  |  | $ | — |  |  | $ | 54,275 |  |  | $ | — |
Municipal securities |  | 55,982 |  |  | — |  |  | 55,982 |  |  | — |
Agency mortgage-backed securities - residential |  | 416,168 |  |  | — |  |  | 416,168 |  |  | — |
Agency mortgage-backed securities - commercial |  | 56,711 |  |  | — |  |  | 56,711 |  |  | — |
Private label mortgage-backed securities - residential |  | 117,945 |  |  | — |  |  | 117,945 |  |  | — |
Asset-backed securities |  | 43,106 |  |  | — |  |  | 43,106 |  |  | — |
Corporate securities |  | 42,489 |  |  | — |  |  | 42,489 |  |  | — |
Total available-for-sale securities |  | $ | 786,676 |  |  | $ | — |  |  | $ | 786,676 |  |  | $ | — |
Servicing asset |  | 23,180 |  |  | — |  |  | — |  |  | 23,180 |
Interest rate swap agreements - assets (back-to-back) |  | 119 |  |  | — |  |  | 119 |  |  | — |
Interest rate swap agreements - liabilities (back-to-back) |  | (119) |  |  | — |  |  | (119) |  |  | — |
|  |  |  | December 31, 2025 Fair Value Measurements Using
(amounts in thousands) |  | 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) |  |  | — |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following tables reconcile the beginning and ending balances of recurring fair value measurements recognized in the accompanying condensed consolidated balance sheets using significant unobservable (Level 3) inputs for the three and six months ended June 30, 2026 and 2025.
|  | Three Months Ended |  |
(amounts in thousands) |  | Servicing Asset |  |
Balance as of April 1, 2026 |  | $ | 23,614 |  |  |
Total realized gains |  |  |  |
Additions |  | 1,145 |  |  |
Paydowns |  | (1,679) |  |  |
Change in fair value |  | 100 |  |  |
Balance as of June 30, 2026 |  | $ | 23,180 |  |  |
Balance as of April 1, 2025 |  | $ | 17,445 |  |  |
Total realized gains |  |  |  |
Additions |  | 444 |  |  |
Paydowns |  | (847) |  |  |
Change in fair value |  | (306) |  |  |
Balance as of June 30, 2025 |  | $ | 16,736 |  |  |
|  | Six Months Ended
(amounts in thousands) |  | Servicing Asset
Balance as of January 1, 2026 |  | $ | 22,793 |
Total realized gains |  |
Additions |  | 3,026 |
Paydowns |  | (3,241) |
Change in fair value |  | 602 |
Balance as of June 30, 2026 |  | $ | 23,180 |
Balance as of January 1, 2025 |  | $ | 16,389 |
Total realized gains |  |
Additions |  | 2,681 |
Paydowns |  | (1,811) |
Change in fair value |  | (523) |
Balance as of June 30, 2025 |  | $ | 16,736 |
Schedule Of Impaired Loans, Including Valuation Allowance, Fair Value, Unobservable Inputs Reconciliation | The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed 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 June 30, 2026 and December 31, 2025.
|  |  |  | June 30, 2026
|  |  |  | Fair Value Measurements Using
(amounts in thousands) |  | 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 |  | $ | 301 |  |  | $ | — |  |  | $ | — |  |  | $ | 301 |
Other real estate owned |  | 4,121 |  |  | — |  |  | — |  |  | 4,121 |
|  |  |  | December 31, 2025
|  |  |  | Fair Value Measurements Using
(amounts in thousands) |  | 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 |
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.
(dollars in thousands) |  | Fair Value at June 30, 2026 |  | Valuation Technique |  | Significant Unobservable Inputs |  | Range |  | Weighted-Average Range
Collateral dependent loans |  | $ | 301 |  |  | Fair value of collateral |  | Discount for type of property and current market conditions |  | 0% - 60% |  | 30.8%
Servicing asset |  | 23,180 |  |  | Discounted cash flow |  | Prepayment speeds Discount rate |  | 0% - 25% 13% - 14% |  | 12.3% 13.0%
Other real estate owned |  | 4,121 |  |  | Fair value of collateral |  | Discount to reflect current market conditions |  | 0% - 31% |  | 16.2%
(dollars in thousands) |  | 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% 13.0%
Other real estate owned |  | 2,631 |  |  | Fair value of collateral |  | Discount to reflect current market conditions |  | 30% - 35% |  | 32.0%
Fair Value, by Balance Sheet Grouping | The following tables present the carrying value and estimated fair value of all financial assets and liabilities that are not measured at fair value on a recurring basis at June 30, 2026 and December 31, 2025.
|  | June 30, 2026 Fair Value Measurements Using
(amounts in thousands) |  | Carrying Amount |  | Fair Value |  | Quoted Prices In Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Cash and cash equivalents |  | $ | 410,968 |  |  | $ | 410,968 |  |  | $ | 410,968 |  |  | $ | — |  |  | $ | — |
Securities held-to-maturity, net |  | 264,662 |  |  | 250,571 |  |  | — |  |  | 250,571 |  |  | — |
Loans held-for-sale |  | 44,816 |  |  | 49,190 |  |  | — |  |  | 49,190 |  |  | — |
Net loans |  | 3,757,977 |  |  | 3,698,922 |  |  | — |  |  | — |  |  | 3,698,922 |
Accrued interest receivable |  | 29,136 |  |  | 29,136 |  |  | 29,136 |  |  | — |  |  | — |
Federal Home Loan Bank of Indianapolis stock |  | 28,350 |  |  | 28,350 |  |  | — |  |  | 28,350 |  |  | — |
Deposits |  | 4,831,378 |  |  | 4,796,701 |  |  | 2,888,873 |  |  | — |  |  | 1,907,828 |
Advances from Federal Home Loan Bank |  | 239,500 |  |  | 239,115 |  |  | — |  |  | 239,115 |  |  | — |
Subordinated debt |  | 105,626 |  |  | 106,769 |  |  | 37,059 |  |  | 69,710 |  |  | — |
Accrued interest payable |  | 1,594 |  |  | 1,594 |  |  | 1,594 |  |  | — |  |  | — |
|  | December 31, 2025 Fair Value Measurements Using
(amounts in thousands) |  | Carrying Amount |  | Fair Value |  | Quoted Prices In Active Markets for Identical Assets (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, net |  | 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 |  |  | — |  |  | — |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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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