v3.25.4
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and 2024 by level within the fair value hierarchy:
December 31, 2025
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Debt securities available-for-sale:
U.S. Treasury$— $85,544 $— $85,544 
U.S. government agency— 41,422 — 41,422 
Municipal— 140,270 — 140,270 
Mortgage-backed:
Agency residential— 360,795 — 360,795 
Agency commercial— 119,937 — 119,937 
Corporate— 65,133 — 65,133 
Equity securities with readily determinable fair values3,322 — — 3,322 
Mortgage servicing rights— — 16,944 16,944 
Derivative financial assets— 2,990 — 2,990 
Derivative financial liabilities— 3,000 — 3,000 
December 31, 2024
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Debt securities available-for-sale:
U.S. Treasury$— $111,145 $— $111,145 
U.S. government agency— 53,198 — 53,198 
Municipal— 130,679 — 130,679 
Mortgage-backed:
Agency residential— 227,368 — 227,368 
Agency commercial— 116,681 — 116,681 
Corporate— 58,978 — 58,978 
Equity securities with readily determinable fair values3,315 — — 3,315 
Mortgage servicing rights— — 18,827 18,827 
Derivative financial assets— 5,553 — 5,553 
Derivative financial liabilities— 5,525 — 5,525 
Schedule of Additional Information About the Unobservable Inputs Used in Fair Value Measurement of Mortgage Servicing Rights
The following tables present additional information about the unobservable inputs used in the fair value measurement of the mortgage servicing rights (dollars in thousands):
December 31, 2025Fair ValueValuation TechniqueUnobservable InputsRange
(Weighted Average)
Mortgage servicing rights$16,944 Discounted cash flowsConstant pre-payment rates (CPR)
4.9% to 94.3% (8.1%)
Discount rate
9.0% to 11.0% (9.6%)
December 31, 2024Fair ValueValuation TechniqueUnobservable InputsRange
(Weighted Average)
Mortgage servicing rights$18,827 Discounted cash flowsConstant pre-payment rates (CPR)
0.8% to 94.3% (7.6%)
Discount rate
9.0% to 96.4% (10.4%)
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis
The following tables summarize assets measured at fair value on a nonrecurring basis as of December 31, 2025 and 2024 by level within the fair value hierarchy:
December 31, 2025
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Loans held for sale$— $1,263 $— $1,263 
Collateral-dependent loans— — 23,196 23,196 
Foreclosed assets— — 1,126 1,126 
December 31, 2024
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Loans held for sale$— $1,586 $— $1,586 
Collateral-dependent loans— — 27,717 27,717 
Bank premises held for sale— — 317 317 
Foreclosed assets— — 367 367 
Schedule of Quantitative Information About the Unobservable Inputs Used in Non-Recurring Level 3 Fair Value Measurements
The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements (dollars in thousands):
December 31, 2025Fair ValueValuation
Technique		Unobservable InputsRange
(Weighted Average)
Collateral-dependent loans$23,196 Appraisal of collateralAppraisal adjustmentsNot meaningful
Foreclosed assets1,126 AppraisalAppraisal adjustments
7% (7%)
December 31, 2024
Fair Value
Valuation Technique
Unobservable Inputs
Range
(Weighted Average)
Collateral-dependent loans$27,717 Appraisal of collateralAppraisal adjustmentsNot meaningful
Bank premises held for sale317 AppraisalAppraisal adjustments
7% (7%)
Foreclosed assets367 AppraisalAppraisal adjustments
7% (7%)
Schedule of Information on the Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments
The following table provides summary information on the carrying amounts and estimated fair values of the Company’s other financial instruments:
(dollars in thousands)Fair Value
Hierarchy
Level		December 31, 2025December 31, 2024
Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value
Financial assets:
Cash and cash equivalentsLevel 1$122,269 $122,269 $137,692 $137,692 
Debt securities held-to-maturityLevel 2458,746 426,799 499,858 445,186 
Restricted stockLevel 34,979 4,979 5,086 5,086 
Loans, netLevel 33,414,519 3,379,845 3,424,102 3,418,318 
Investments in unconsolidated subsidiariesLevel 31,614 1,614 1,614 1,614 
Accrued interest receivableLevel 223,779 23,779 24,770 24,770 
Financial liabilities:
Time depositsLevel 3762,487 759,589 785,430 779,997 
Securities sold under agreements to repurchaseLevel 2— — 28,969 28,969 
FHLB advancesLevel 312,301 11,465 13,231 13,159 
Subordinated notesLevel 3— — 39,553 38,316 
Junior subordinated debenturesLevel 352,909 51,696 52,849 47,942 
Accrued interest payableLevel 23,813 3,813 5,096 5,096