| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following table sets forth our assets and liabilities measured at fair value on a recurring basis as of December 31,: | | | | | | | | | | | | | | | | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | | | Quoted prices in active markets for identical assets | | Significant other observable inputs | | Significant unobservable inputs | | Total Estimated Fair Value | | 2025 | | | | | | | | | Available-for-sale securities | $ | 33,270 | | | $ | 435,700 | | | $ | — | | | $ | 468,970 | | | Loans held-for-sale | — | | | 100,539 | | | — | | | 100,539 | | | Mortgage servicing rights | — | | | — | | | 86,651 | | | 86,651 | | | Derivative financial instruments - assets | — | | | 22,384 | | | — | | | 22,384 | | | Derivative financial instruments - liabilities | — | | | (15,531) | | | — | | | (15,531) | | | Total | $ | 33,270 | | | $ | 543,092 | | | $ | 86,651 | | | $ | 663,013 | | | 2024 | | | | | | | | | Available-for-sale securities | $ | 31,730 | | | $ | 437,346 | | | $ | — | | | $ | 469,076 | | | Loans held-for-sale | — | | | 61,825 | | | — | | | 61,825 | | | Mortgage servicing rights | — | | | — | | | 84,258 | | | 84,258 | | | Derivative financial instruments - assets | — | | | 36,088 | | | — | | | 36,088 | | | Derivative financial instruments - liabilities | — | | | (22,863) | | | — | | | (22,863) | | | Total | $ | 31,730 | | | $ | 512,396 | | | $ | 84,258 | | | $ | 628,384 | |
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| Schedule of Reconciliation for Level 3 Assets Measured at Fair Value on a Recurring Basis |
The following table presents a reconciliation for our Level 3 assets measured at fair value on a recurring basis as of and for the years ended December 31,: | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | Balance, beginning of year | $ | 84,258 | | | $ | 76,701 | | | $ | 74,097 | | | Total fair value adjustments included in earnings | (12,191) | | | (4,714) | | | (6,649) | | | Purchases, issuances, sales and settlements: | | | | | | | | | | | | | Issuances | 14,584 | | | 12,271 | | | 9,253 | | | | | | | | | | | | | | | Balance, end of year | $ | 86,651 | | | $ | 84,258 | | | $ | 76,701 | |
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| Schedule of Assets and Liabilities Measured at Fair Value on a Non-recurring |
The following table sets forth our assets and liabilities that were measured at fair value on a non-recurring basis as of December 31,: | | | | | | | | | | | | | Level 3 | | 2025 | | 2024 | | Collateral dependent loans: | | | | | Commercial and industrial | $ | 6,783 | | | $ | 12,430 | | | Commercial real estate | 3,515 | | | — | | | Residential real estate | 1,875 | | | 1,255 | | | Public finance | — | | | 5,766 | | | | | | | Other | — | | | 2,232 | | | Total collateral dependent loans | $ | 12,173 | | | $ | 21,683 | | | | | | | Other real estate owned and foreclosed assets, net: | | | | | | | | | Commercial real estate | $ | 8,960 | | | $ | 2,911 | | | Residential real estate | 880 | | | 2,227 | | | | | | | | | | | Other | 1,674 | | | — | | | Total other real estate owned and foreclosed assets, net: | $ | 11,514 | | | $ | 5,138 | |
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| Schedule of Estimated Fair Values of Financial Instruments Not Carried at Fair Value |
The carrying amounts and estimated fair values of financial instruments not carried at fair value are as follows as of December 31,: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Estimated Fair Value | | Carrying Value | | Total | | Level 1 | | Level 2 | | Level 3 | | 2025 | | | | | | | | | | | Assets: | | | | | | | | | | | Cash and cash equivalents | $ | 652,592 | | | $ | 652,592 | | | $ | 652,592 | | | $ | — | | | $ | — | | | Securities held-to-maturity | 33,839 | | | 29,446 | | | — | | | 29,446 | | | — | | | Loans (excluding collateral dependent loans) | 6,613,099 | | | 6,544,724 | | | — | | | — | | | 6,544,724 | | | Restricted equity securities | 24,775 | | | 24,775 | | | — | | | 24,775 | | | — | | | Accrued interest receivable | 32,255 | | | 32,255 | | | — | | | 2,224 | | | 30,031 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Deposits (excluding demand deposits) | $ | 4,645,527 | | | $ | 4,602,421 | | | $ | 3,315,648 | | | $ | 1,286,773 | | | $ | — | | | Securities sold under agreements to repurchase | 11,160 | | | 11,160 | | | — | | | 11,160 | | | — | | | FHLB advances | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Subordinated debt, net | 36,680 | | | 35,981 | | | — | | | — | | | 35,981 | | | Accrued interest payable | 6,680 | | | 6,680 | | | — | | | 6,680 | | | — | | | | | | | | | | | | | 2024 | | | | | | | | | | | Assets: | | | | | | | | | | | Cash and cash equivalents | $ | 615,917 | | | $ | 615,917 | | | $ | 615,917 | | | $ | — | | | $ | — | | | Securities held-to-maturity | 35,242 | | | 29,563 | | | — | | | 29,563 | | | — | | | Loans (excluding collateral dependent loans) | 6,344,377 | | | 6,191,461 | | | — | | | — | | | 6,191,461 | | | Restricted equity securities | 28,917 | | | 28,917 | | | — | | | 28,917 | | | — | | | Accrued interest receivable | 32,102 | | | 32,102 | | | — | | | 2,131 | | | 29,971 | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | Deposits (excluding demand deposits) | $ | 4,445,237 | | | $ | 4,436,305 | | | $ | 2,879,662 | | | $ | 1,556,643 | | | $ | — | | | Securities sold under agreements to repurchase | 14,699 | | | 14,699 | | | — | | | 14,699 | | | — | | | FHLB advances | 135,000 | | | 135,000 | | | — | | | 135,000 | | | — | | | | | | | | | | | | | | | | | | | | | | | Subordinated debt, net | 75,841 | | | 73,326 | | | — | | | — | | | 73,326 | | | Accrued interest payable | 8,705 | | | 8,705 | | | — | | | 8,705 | | | — | |
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