v3.25.3
Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, All Other Investments [Abstract]  
Schedule of Estimated Fair Values and Carrying Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments at September 30, 2025 were as follows:

Fair Value Measurements at September 30, 2025 Using
(in thousands)Carrying AmountLevel 1Level 2Level 3Total
Assets
Cash and due from banks$753,629 $753,629 $— $— $753,629 
Federal funds sold554 554 — — 554 
Securities, available for sale374,335 — 368,586 5,749 374,335 
Securities, held for maturity322,413 — 264,566 — 264,566 
Loans held for sale— — — — — 
Loans, net2,194,028 — — 2,178,784 2,178,784 
Accrued interest receivable14,776 — — 14,776 14,776 
Liabilities
Deposits$3,354,897 $— $— $3,359,607 3,359,607 
Repurchase agreements7,117 — — 7,141 7,141 
Accrued interest payable16,333 — — 16,333 16,333 
Long-term advances from Federal Home Loan Bank135,000 — — 136,373 136,373 
Senior long-term debt14,196 — — 14,266 14,266 
Junior subordinated debentures29,790 — — 30,000 30,000 
The carrying amounts and estimated fair values of financial instruments at December 31, 2024 were as follows:

Fair Value Measurements at December 31, 2024 Using
(in thousands)Carrying AmountLevel 1Level 2Level 3Total
Assets
Cash and due from banks$563,778 $563,778 $— $— $563,778 
Federal funds sold430 430 — — 430 
Securities, available for sale281,097 147,780 127,222 6,095 281,097 
Securities, held for maturity321,622 — 251,458 — 251,458 
Loans, net2,658,969 — — 2,508,440 2,508,440 
Accrued interest receivable14,850 — — 14,850 14,850 
Liabilities
Deposits$3,476,260 $— $— $3,475,411 3,475,411 
Repurchase agreements7,009 — — 7,005 7,005 
Accrued interest payable20,437 — — 20,437 20,437 
Long-term advances from Federal Home Loan Bank135,000 — — 134,977 134,977 
Senior long-term debt15,169 — — 15,274 15,274 
Junior subordinated debentures44,745 — — 45,000 45,000