| Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis |
The following table presents assets and liabilities measured at fair value (in thousands): | | | | | | | | | | | | | | | | Total | Level 1 | Level 2 | Level 3 | | June 30, 2025 | | | | | | Recurring fair value measurements | | | | | | Financial Assets | | | | | | Obligations of states and political subdivisions | $ | 165,973 | | $ | — | | $ | 165,973 | | $ | — | | | Mortgage-backed securities: | | | | | | U.S. Government agencies | 1,360,962 | | — | | 1,360,962 | | — | | | Private label | 4,973 | | — | | 4,973 | | — | | | Trust preferred securities | 4,430 | | — | | 4,430 | | — | | | Corporate securities | 26,085 | | — | | 26,085 | | — | | | Marketable equity securities | 5,889 | | 1,707 | | 4,182 | | — | | | Derivative assets | 41,213 | | — | | 41,213 | | — | | | Financial Liabilities | | | | | | Derivative liabilities | 38,447 | | — | | 38,447 | | — | | | | | | | | Nonrecurring fair value measurements | | | | | | Non-Financial Assets | | | | | | Other real estate owned | 185 | | — | | — | | 185 | | | | | | | | December 31, 2024 | | | | | | Recurring fair value measurements | | | | | | Financial Assets | | | | | | Obligations of states and political subdivisions | $ | 183,751 | | $ | — | | $ | 183,751 | | $ | — | | | Mortgage-backed securities: | | | | | | U.S. Government agencies | 1,202,081 | | — | | 1,202,081 | | — | | | Private label | 4,933 | | — | | 4,933 | | — | | | Trust preferred securities | 4,746 | | — | | 4,746 | | — | | | Corporate securities | 25,795 | | — | | 25,795 | | — | | | Marketable equity securities | 6,157 | | 1,682 | | 4,475 | | — | | | Derivative assets | 57,491 | | — | | 57,491 | | — | | | Financial Liabilities | | | | | | Derivative liabilities | 51,257 | | — | | 51,257 | | — | | | | | | | | Nonrecurring fair value measurements | | | | | | Non-Financial Assets | | | | | | Other real estate owned | 754 | | — | | — | | 754 | |
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| Schedule Of Estimates Of Fair Value Of Financial Instruments |
The following table represents the estimates of fair value of financial instruments (in thousands). For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. | | | | | | | | | | | | | | | | | | | Carrying Amount | Fair Value | Level 1 | Level 2 | Level 3 | | June 30, 2025 | | | | | | | Assets: | | Cash and cash equivalents | $ | 172,124 | | $ | 172,124 | | $ | 172,124 | | $ | — | | $ | — | | | Securities available-for-sale | 1,562,423 | | 1,562,423 | | — | | 1,562,423 | | — | | | Marketable equity securities | 5,889 | | 5,889 | | 1,707 | | 4,182 | | — | | | Net loans | 4,319,472 | | 4,204,241 | | — | | — | | 4,204,241 | | | Accrued interest receivable | 21,654 | | 21,654 | | — | | 21,654 | | — | | | Derivative assets | 41,213 | | 41,213 | | — | | 41,213 | | — | | | | | | | | | Liabilities: | | | | | | | Deposits | 5,248,820 | | 5,142,772 | | 3,865,573 | | 1,277,199 | | — | | | Securities sold under agreements to repurchase | 339,834 | | 339,834 | | — | | 339,834 | | — | | | FHLB long-term advances | 150,000 | | 151,403 | | — | | 151,403 | | — | | | Accrued interest payable | 5,630 | | 5,630 | | — | | 5,630 | | — | | | Derivative liabilities | 38,447 | | 38,447 | | — | | 38,447 | | — | | | | | | | | | December 31, 2024 | | | | | | | Assets: | | | | | | | Cash and cash equivalents | $ | 225,389 | | $ | 225,389 | | $ | 225,389 | | $ | — | | $ | — | | | Securities available-for-sale | 1,421,306 | | 1,421,306 | | — | | 1,421,306 | | — | | | Marketable equity securities | 6,157 | | 6,157 | | 1,682 | | 4,475 | | — | | | Net loans | 4,252,854 | | 4,126,124 | | — | | — | | 4,126,124 | | | Accrued interest receivable | 20,650 | | 20,650 | | — | | 20,650 | | — | | | Derivative assets | 57,491 | | 57,491 | | — | | 57,491 | | — | | | | | | | | | Liabilities: | | | | | | | Deposits | 5,144,150 | | 5,039,503 | | 3,799,701 | | 1,239,802 | | — | | | Securities sold under agreements to repurchase | 325,655 | | 325,655 | | — | | 325,655 | | — | | | FHLB long-term advances | 150,000 | | 149,137 | | — | | 149,137 | | — | | | Accrued interest payable | 6,798 | | 6,798 | | — | | 6,798 | | — | | | Derivative liabilities | 51,257 | | 51,257 | | — | | 51,257 | | — | |
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