Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Following is a summary of the carrying amounts and fair values of the Company’s financial instruments:


	March 31, 2026				December 31, 2025
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	244,343	$	244,343	$	392,268	$	392,268
Investment securities	785,343		785,343		770,772		770,772
Loans, net	1,074,869		1,073,690		1,047,620		1,044,045
Accrued interest receivable	7,475		7,475		9,170		9,170
Total	$	2,112,030	$	2,110,851	$	2,219,830	$	2,216,255
Balance sheet liabilities:
Deposits	$	1,105,683	$	1,105,683	$	1,200,033	$	1,200,033
Accounts and drafts payable	1,000,154		1,000,154		1,124,858		1,124,858
Short-term borrowings	145,000		145,000		—		—
Accrued interest payable	431		431		606		606
Total	$	2,251,268	$	2,251,268	$	2,325,497	$	2,325,497