v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Estimated Fair Values Estimated fair values as of the periods indicated, whether or not recognized or recorded at fair value on a recurring basis in the Consolidated Balance Sheets, are as follows:
 March 31, 2026December 31, 2025
(In Thousands)Carrying AmountFair ValueCarrying AmountFair  Value
Financial assets:  
Level 1 inputs:  
     Cash, due from banks and deposits in other banks$154,937 $154,937 $145,906 $145,906 
     Investment securities available for sale219,622 219,622 201,412 201,412 
     Marketable equity securities10,145 10,145 8,392 8,392 
Level 2 inputs:  
     Investment securities available for sale198,825 198,825 214,451 214,451 
     Loans held for sale81,179 81,179 100,323 100,323 
     Interest rate swaps8,057 8,057 7,999 7,999 
     Interest rate swap - junior subordinated debt
1,442 1,442 1,437 1,437 
     Retail interest rate contracts
5858— — 
Level 3 inputs:  
     Investment securities held to maturity31,750 30,684 26,750 26,750 
     Loans 2,358,702 2,281,431 2,295,499 2,225,114 
     Purchased receivables, net105,029 105,029 101,642 101,642 
     Interest rate lock commitments1,580 1,580 923 912 
     Mortgage servicing rights28,42628,42627,474 27,474 
     Commercial servicing rights2,3592,3592,342 2,342 
Financial liabilities:  
Level 2 inputs:  
     Time deposits$391,050 $392,932 $402,759 $405,317 
     Borrowings12,693 10,153 12,805 10,361 
     Interest rate swaps8,057 8,057 7,999 7,999 
     Retail interest rate contracts
— — 5050
Level 3 inputs:
     Junior subordinated debentures
10,310 10,720 10,310 10,950 
     Subordinated debentures
58,649 57,801 58,614 58,614 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table sets forth the balances as of the periods indicated of assets and liabilities measured at fair value on a recurring basis:
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
March 31, 2026    
Assets:
    Available for sale securities    
    U.S. Treasury and government sponsored entities$382,020 $219,622 $162,398 $— 
    U.S. Agency mortgage-backed securities4,708 — 4,708 — 
    Corporate bonds4,978 — 4,978 — 
    Collateralized loan obligations26,741 — 26,741 — 
           Total available for sale securities$418,447 $219,622 $198,825 $— 
    Marketable equity securities$10,145 $10,145 $— $— 
           Total marketable equity securities$10,145 $10,145 $— $— 
Loans held for sale
$81,179 $— $81,179 $— 
Interest rate swaps9,499 — 9,499 — 
Interest rate lock commitments1,580 — — 1,580 
Mortgage servicing rights28,426 — — 28,426 
Commercial servicing rights2,359 — — 2,359 
Retail interest rate contracts58 — 58 — 
           Total other assets$123,101 $— $90,736 $32,365 
Liabilities:
Interest rate swaps$8,057 $— $8,057 $— 
           Total other liabilities$8,057 $— $8,057 $— 
December 31, 2025    
Assets:
Available for sale securities    
U.S. Treasury and government sponsored entities$388,737 $201,412 $187,325 $— 
U.S. Agency mortgage-backed securities4,798 — 4,798 — 
Corporate bonds4,952 4,952 — — 
Collateralized loan obligations22,174 — 22,174 — 
           Total available for sale securities$420,661 $206,364 $214,297 $— 
Marketable equity securities$8,392 $8,392 $— $— 
           Total marketable securities$8,392 $8,392 $— $— 
Loans held for sale
$100,323 $— $100,323 $— 
Interest rate swaps9,436 — 9,436 — 
Interest rate lock commitments923 — — 923 
Mortgage servicing rights27,474 — — 27,474 
Commercial servicing rights2,342 — — 2,342 
           Total other assets$140,498 $— $109,759 $30,739 
Liabilities:
Interest rate swaps$7,999 $— $7,999 $— 
Retail interest rate contracts50 — 50 — 
           Total other liabilities$8,049 $— $8,049 $— 
Fair Value, Assets Measured on Recurring Basis using Significant Unobservable Inputs
The following tables provide a reconciliation of the assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three-month periods ended March 31, 2026 and 2025:

(In Thousands)Beginning balanceChange included in earningsPurchases and issuancesSales and settlementsEnding balanceNet change in unrealized gains (losses) relating to items held at end of period
Three Months Ended March 31, 2026 
Interest rate lock commitments$923 ($529)$4,255 ($3,069)$1,580 $1,580 
Mortgage servicing rights27,474 (127)1,079 — 28,426 — 
Commercial servicing rights2,342 (2)19 — 2,359 — 
Total$30,739 ($658)$5,353 ($3,069)$32,365 $1,580 
Three Months Ended March 31, 2025
Interest rate lock commitments$465 ($226)$1,996 ($846)$1,389 $1,389 
Mortgage servicing rights26,439 (855)1,230 — 26,814 — 
Commercial servicing rights2,194 (73)196 — 2,317 — 
Total$29,098 ($1,154)$3,422 ($846)$30,520 $1,389 
Fair Value, Assets Measured on Nonrecurring Basis As of and for the periods ending March 31, 2026 and December 31, 2025, except for certain assets as shown in the following table, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis.  For loans individually measured for credit losses, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy.               
(In Thousands)TotalQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
March 31, 2026    
  Loans individually measured for credit losses$4,226 $— $— $4,226 
Total$4,226 $— $— $4,226 
December 31, 2025    
  Loans individually measured for credit losses$2,729 $— $— $2,729 
Total$2,729 $— $— $2,729 
    
The following table presents the (gains) losses resulting from nonrecurring fair value adjustments for the three-month periods ended March 31, 2026 and 2025:

Three Months Ended March 31,Three Months Ended March 31,
(In Thousands)2026202520262025
Loans individually measured for credit losses$783 $— $783 $— 
Total loss from nonrecurring measurements$783 $— $783 $— 
Schedule of Valuation Assumptions The following tables provide a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring and nonrecurring basis at March 31, 2026 and December 31, 2025:
Financial Instrument
Valuation Technique - Recurring Basis
Unobservable InputWeighted Average Rate Range
March 31, 2026
Interest rate lock commitmentExternal pricing modelPull through rate92.1 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
7.45% - 24.97%
Discount rate
9.50% - 10.02%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
3.84% - 17.55%
Discount rate12.00 %
December 31, 2025
Interest rate lock commitmentExternal pricing modelPull through rate91.53 %
Mortgage servicing rightsDiscounted cash flowConstant prepayment rate
5.88% - 20.96%
Discount rate
9.50% - 11.00%
Commercial servicing rightsDiscounted cash flowConstant prepayment rate
3.84% - 17.55%
Discount rate12.00 %
Financial InstrumentValuation Technique - Nonrecurring BasisUnobservable InputWeighted Average Rate Range
March 31, 2026
Loans individually measured for credit lossesDiscounted cash flowDiscount rate
10.00% - 100.00%
December 31, 2025
Loans individually measured for credit lossesDiscounted cash flowDiscount rate10.00 %