Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Financial Liabilities Measured at Fair Value

The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value as of March 31, 2026 and December 31, 2025:


		Fair Value Measurements Using
(Dollars in thousands)		Level 1 Inputs				Level 2 Inputs				Level 3 Inputs				Total Fair Value
At March 31, 2026
Securities available-for-sale:
U.S government and agency securities		$	—			$	5,610			$	—			$	5,610
State and municipal securities			—				15,601				—				15,601
Mortgage-backed securities and collateralized mortgage obligations			—				261,774				—				261,774
Corporate bonds			—				142,901				—				142,901
Asset-backed securities			—				—				9,960				9,960
Total investment securities available-for-sale		$	—			$	425,886			$	9,960			$	435,846
Asset-backed securities held-to-maturity		$	—			$	—			$	190,543			$	190,543
Derivative assets:
Pass-through interest rate swaps		$	—			$	2,075			$	—			$	2,075
Risk participation agreements			—				5				—				5
Pay-fixed interest rate swaps			—				270				—				270
Total derivative assets		$	—			$	2,350			$	—			$	2,350
Derivative liabilities:
Cash flow hedges		$	—			$	1,122			$	—			$	1,122
Pass-through interest rate swaps			—				2,075				—				2,075
Pay-fixed interest rate swaps			—				320				—				320
Total derivative liabilities		$	—			$	3,517			$	—			$	3,517


		Fair Value Measurements Using
(Dollars in thousands)		Level 1 Inputs				Level 2 Inputs				Level 3 Inputs				Total Fair Value
At December 31, 2025
Securities available-for-sale:
U.S. government and agency securities		$	—			$	6,238			$	—			$	6,238
State and municipal securities			—				13,400				—				13,400
Mortgage-backed securities and collateralized mortgage obligations			—				223,912				—				223,912
Corporate bonds			—				139,642				—				139,642
Total investment securities available-for-sale		$	—			$	383,192			$	—			$	383,192
Derivative assets:
Pass-through interest rate swaps		$	—			$	2,501			$	—			$	2,501
Risk participation agreements			—				7				—				7
Pay-fixed interest rate swaps			—				36				—				36
Total derivative assets		$	—			$	2,544			$	—			$	2,544
Derivative liabilities:
Interest rate swaps		$	—			$	2,501			$	—			$	2,501
Pay-fixed interest rate swaps			—				641				—				641
Total derivative liabilities		$	—			$	3,142			$	—			$	3,142

Summary of Significant Unobservable Inputs (Level 3) Used the Valuation of Assets Measured at Fair Value on a Nonrecurring Basis

The following table presents the significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:


Financial Instrument		Unobservable Inputs		Valuation Method		Discount Range		Typical Discount
Collateral dependent loans		Discount to fair value		Appraisal value, as adjusted		0-50%		10-30%
				Inventory		0-100%		N/A
				Accounts receivables		0-100%		N/A
				Equipment		0-100%		20-50%
Other real estate owned		Discount to fair value		Appraisal value, as adjusted		N/A		8-10%

Summary of Foreclosed Assets Remeasured and Recorded at Fair Value

The following table presents the activity for other real estate owned assets that were remeasured and recorded at fair value as of March 31, 2026 and December 31, 2025:


(Dollars in thousands)		March 31, 2026				December 31, 2025
Balance at beginning of year, net of valuation allowance		$	8,388			$	862
Loans transferred to other real estate owned			—				7,962
Sales of other real estate owned			—				(655	)
Less: (write-up) write-down included in other noninterest expense			—				(219	)
Balance at end of period, net of valuation allowance		$	8,388			$	8,388

Summary of Estimated Fair Values and Carrying Values of Financial Instruments

The estimated fair values and carrying values of all financial instruments under current authoritative guidance, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value are as follows:


	March 31, 2026								December 31, 2025
(Dollars in thousands)	Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
Financial assets:
Level 2 inputs
Cash and cash equivalents	$	431,307			$	431,307			$	181,229			$	181,229
Interest bearing time deposits in other banks		270				270				267				267
Securities available-for-sale		435,846				435,846				383,192				383,192
Non-marketable securities		21,759				21,759				16,424				16,424
Accrued interest receivable		31,385				31,385				29,236				29,236
Bank-owned life insurance		77,107				77,107				76,357				76,357
Derivative assets		2,350				2,350				2,544				2,544
	$	1,000,024			$	1,000,024			$	689,249			$	689,249
Level 3 inputs
Securities held-to-maturity		191,980				190,543				192,008				189,106
Loans, net	$	5,200,003			$	5,224,027			$	4,350,802			$	4,364,752
	$	5,391,983			$	5,414,570			$	4,542,810			$	4,553,858
Financial liabilities:
Level 2 inputs
Deposits	$	5,715,077			$	5,546,557			$	4,626,888			$	4,489,704
Accrued interest payable		7,205				7,205				5,957				5,957
Note payable and line of credit		138,891				135,717				118,840				115,665
Derivative liabilities		3,517				3,517				3,142				3,142
	$	5,864,690			$	5,692,996			$	4,754,827			$	4,614,468