| Schedule of Estimated Fair Values and Carrying Values of Financial Instruments |
The carrying amounts and estimated fair values of financial instruments at December 31, 2025 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2025 Using | | (in thousands) | | Carrying Amount | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets | | | | | | | | | | | | Cash and due from banks | | $ | 845,150 | | | $ | 845,150 | | | $ | — | | | $ | — | | | $ | 845,150 | | | Federal funds sold | | 551 | | | 551 | | | — | | | — | | | 551 | | | Securities, available for sale | | 676,592 | | | 98,149 | | | 555,565 | | | 22,878 | | | 676,592 | | | Securities, held for maturity | | 322,675 | | | — | | | 268,094 | | | — | | | 268,094 | | | Loans, net | | 2,029,047 | | | — | | | — | | | 2,025,685 | | | 2,025,685 | | | Accrued interest receivable | | 12,455 | | | — | | | — | | | 12,455 | | | 12,455 | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | Deposits | | $ | 3,632,877 | | | $ | — | | | $ | — | | | $ | 3,643,821 | | | 3,643,821 | | | | | | | | | | | | | | | | | | | | | | | | | Repurchase agreements | | 7,119 | | | — | | | — | | | 7,160 | | | 7,160 | | | Accrued interest payable | | 17,637 | | | — | | | — | | | 17,637 | | | 17,637 | | | Long-term advances from Federal Home Loan Bank | | 135,000 | | | — | | | — | | | 136,529 | | | 136,529 | | | Senior long-term debt | | 14,203 | | | — | | | — | | | 14,266 | | | 14,266 | | | Junior subordinated debentures | | 29,805 | | | — | | | — | | | 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 Amount | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets | | | | | | | | | | | | Cash and due from banks | | $ | 563,778 | | | $ | 563,778 | | | $ | — | | | $ | — | | | $ | 563,778 | | | Federal funds sold | | 430 | | | 430 | | | — | | | — | | | 430 | | | Securities, available for sale | | 281,097 | | | 147,780 | | | 127,222 | | | 6,095 | | | 281,097 | | | Securities, held for maturity | | 321,622 | | | — | | | 251,458 | | | — | | | 251,458 | | | Loans, net | | 2,658,969 | | | — | | | — | | | 2,508,440 | | | 2,508,440 | | | Accrued interest receivable | | 14,850 | | | — | | | — | | | 14,850 | | | 14,850 | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | Deposits | | $ | 3,476,260 | | | $ | — | | | $ | — | | | $ | 3,475,411 | | | 3,475,411 | | | | | | | | | | | | | | | | | | | | | | | | | Repurchase agreements | | 7,009 | | | — | | | — | | | 7,005 | | | 7,005 | | | Accrued interest payable | | 20,437 | | | — | | | — | | | 20,437 | | | 20,437 | | | Long-term advances from Federal Home Loan Bank | | 135,000 | | | — | | | — | | | 134,977 | | | 134,977 | | | Senior long-term debt | | 15,169 | | | — | | | — | | | 15,274 | | | 15,274 | | | Junior subordinated debentures | | 44,745 | | | — | | | — | | | 45,000 | | | 45,000 | |
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