FAIR VALUE MEASUREMENTS (Tables)
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3 Months Ended |
Mar. 31, 2026 |
| FAIR VALUE MEASUREMENTS |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
| | | | | | | | | | | | | | | March 31, 2026 | | | Level 1 | | Level 2 | | Level 3 | | Total | (in thousands) | | Inputs | | Inputs | | Inputs | | Fair Value | Available-for-sale debt securities: | | | | | | | | | | | | | Obligations of US Government-sponsored enterprises | | $ | — | | $ | 1,010 | | $ | — | | $ | 1,010 | Mortgage-backed securities: | | | | | | | | | | | | | US Government-sponsored enterprises | | | — | | | 250,739 | | | — | | | 250,739 | US Government agency | | | — | | | 155,695 | | | — | | | 155,695 | Private label | | | — | | | 10,752 | | | — | | | 10,752 | Obligations of states and political subdivisions thereof | | | — | | | 101,941 | | | — | | | 101,941 | Corporate bonds | | | — | | | 76,511 | | | 1,329 | | | 77,840 | Loans held for sale | | | — | | | 11,534 | | | — | | | 11,534 | Derivative assets | | | — | | | 9,745 | | | 176 | | | 9,921 | Derivative liabilities | | | — | | | (7,277) | | | — | | | (7,277) |
| | | | | | | | | | | | | | | December 31, 2025 | | | Level 1 | | Level 2 | | Level 3 | | Total | (in thousands) | | Inputs | | Inputs | | Inputs | | Fair Value | Available-for-sale debt securities: | | | | | | | | | | | | | Obligations of US Government-sponsored enterprises | | $ | — | | $ | 1,102 | | $ | — | | $ | 1,102 | Mortgage-backed securities: | | | | | | | | | | | | | US Government-sponsored enterprises | | | — | | | 249,542 | | | — | | | 249,542 | US Government agency | | | — | | | 153,900 | | | — | | | 153,900 | Private label | | | — | | | 10,999 | | | — | | | 10,999 | Obligations of states and political subdivisions thereof | | | — | | | 104,539 | | | — | | | 104,539 | Corporate bonds | | | — | | | 75,139 | | | 2,203 | | | 77,342 | Loans held for sale | | | — | | | 5,283 | | | — | | | 5,283 | Derivative assets | | | — | | | 8,708 | | | 98 | | | 8,806 | Derivative liabilities | | | — | | | (6,670) | | | (14) | | | (6,684) |
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| Schedule of Changes in Level 3 Assets Measured on a Recurring Basis |
| | | | | | | | | | | | Assets (Liabilities) | | | Interest Rate Lock | | Forward | | Corporate | (in thousands) | | Commitments | | Commitments | | Bond | Three Months Ended March 31, 2026 | | | | | | | | | | Balance at beginning of period | | $ | 98 | | $ | (14) | | $ | 2,203 | Realized gain (loss) recognized in non-interest income | | | 50 | | | 42 | | | (874) | Balance at end of period | | $ | 148 | | $ | 28 | | $ | 1,329 | | | | | | | | | | | Three Months Ended March 31, 2025 | | | | | | | | | | Balance at beginning of period | | $ | 85 | | $ | 13 | | $ | — | Realized gain (loss) recognized in non-interest income | | | 29 | | | (21) | | | — | Balance at end of period | | $ | 114 | | $ | (8) | | $ | — |
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| Schedule of Changes in Level 3 Liabilities Measured on a Recurring Basis |
| | | | | | | | | | | | Assets (Liabilities) | | | Interest Rate Lock | | Forward | | Corporate | (in thousands) | | Commitments | | Commitments | | Bond | Three Months Ended March 31, 2026 | | | | | | | | | | Balance at beginning of period | | $ | 98 | | $ | (14) | | $ | 2,203 | Realized gain (loss) recognized in non-interest income | | | 50 | | | 42 | | | (874) | Balance at end of period | | $ | 148 | | $ | 28 | | $ | 1,329 | | | | | | | | | | | Three Months Ended March 31, 2025 | | | | | | | | | | Balance at beginning of period | | $ | 85 | | $ | 13 | | $ | — | Realized gain (loss) recognized in non-interest income | | | 29 | | | (21) | | | — | Balance at end of period | | $ | 114 | | $ | (8) | | $ | — |
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| Schedule of Quantitative Information, Valuation, Recurring |
| | | | | | | | | | | | | | Fair Value | | | | | | Significant | | | March 31, | | Valuation | | Unobservable | | Unobservable | | (in thousands, except ratios) | | 2026 | | Techniques | | Inputs | | Input Value | | Assets (Liabilities) | | | | | | | | | | | | Interest Rate Lock Commitment | | $ | 148 | | Pull-through Rate Analysis | | Closing Ratio | | | 92 | % | | | | | | Pricing Model | | Origination Costs, per loan | | $ | 1.7 | | | | | | | Discount Cash Flows | | Mortgage Servicing Asset | | | 1.0 | % | | | | | | | | | | | | | Forward Commitments | | | 28 | | Quoted prices for similar loans in active markets | | Freddie Mac pricing system | | | $98.5 to $101.5 | | | | | | | | | | | | | | Corporate bond | | | 1,329 | | Discounted Cash Flows | | Discount Rate | | | 7.39 | % | | | | | | | | Cash Flows | | | $0 to $1,329 | | | | | | | | | Loss Severity | | | 83 | % | Total | | $ | 1,505 | | | | | | | | | | | | | | | | | | | | | | | Fair Value | | | | | | Significant | | | | December 31, | | Valuation | | Unobservable | | Unobservable | | (in thousands, except ratios) | | 2025 | | Techniques | | Inputs | | Input Value | | Assets (Liabilities) | | | | | | | | | | | | Interest Rate Lock Commitment | | $ | 98 | | Pull-through Rate Analysis | | Closing Ratio | | | 96 | % | | | | | | Pricing Model | | Origination Costs, per loan | | $ | 1.7 | | | | | | | Discount Cash Flows | | Mortgage Servicing Asset | | | 1.0 | % | | | | | | | | | | | | | Forward Commitments | | | (14) | | Quoted prices for similar loans in active markets | | Freddie Mac pricing system | | | $100.7 to $103.4 | | | | | | | | | | | | | | Corporate bond | | | 2,203 | | Discounted Cash Flows | | Discount Rate | | | 7.39 | % | | | | | | | | Cash Flows | | | $0 to $2,203 | | | | | | | | | Loss Severity | | | 65 | % | Total | | $ | 2,287 | | | | | | | | |
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| Summary of Applicable Non-Recurring Fair Value Measurements |
| | | | | | | | | | | | | | | | | Fair Value | | | | | | | | | Measurement Date as of | | | Mar 31, 2026 | | Dec 31, 2025 | | March 31, 2026 | | | Level 3 | | Level 3 | | Level 3 | (in thousands) | | Inputs | | Inputs | | Inputs | Assets | | | | | | | | | Individually evaluated loans | | $ | 16,028 | | $ | 5,091 | | March 2026 | Capitalized servicing rights | | | 7,299 | | | 6,832 | | March 2026 | Total | | $ | 23,327 | | $ | 11,923 | | |
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| Schedule of Quantitative Information, Valuation, Non-recurring |
| | | | | | | | | | | | (in thousands, except ratios) | | Fair Value March 31, 2026 | | Valuation Techniques | | Unobservable Inputs | | Range (Weighted Average)(a) | | Assets | | | | | | | | | | | | Individually evaluated loans | | | | | | | | | | | | Commercial Real Estate Owner Occupied | | $ | 365 | | Fair value of collateral-appraised value | | Loss severity | | | 33% to 60% | | | | | | | | | Appraised value | | | $250 to $975 | | Commercial Real Estate Non-Owner Occupied | | | 13,419 | | Fair value of collateral-appraised value | | Loss severity | | | 0% to 40% | | | | | | | | | Appraised value | | | $1,700 to $10,700 | | Commercial and Industrial | | | 2,078 | | Fair value of collateral-appraised value | | Loss severity | | | 10% to 80% | | | | | | | | | Appraised value | | | $212 to $1,057 | | Residential Real Estate | | | 166 | | Fair value of collateral-appraised value | | Loss severity | | | 20% | | | | | | | | | Appraised value | | | $240 | | | | | | | | | | | | | | Capitalized servicing rights | | | 7,299 | | Discounted cash flow | | Constant prepayment rate | | | 7.36% | | | | | | | | | Discount rate | | | 9.62% | | Total | | $ | 23,327 | | | | | | | | |
| (a) | Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties. |
| | | | | | | | | | | | | | | | | | | | | | (in thousands, except ratios) | | Fair Value December 31, 2025 | | Valuation Techniques | | Unobservable Inputs | | Range (Weighted Average)(a) | | Assets | | | | | | | | | | | | Individually evaluated loans | | | | | | | | | | | | Commercial Real Estate Owner Occupied | | $ | 378 | | Fair value of collateral-appraised value | | Loss severity | | | 33% to 60% | | | | | | | | | Appraised value | | | $250 to $975 | | Commercial Real Estate Non-Owner Occupied | | | 1,985 | | Fair value of collateral-appraised value | | Loss severity | | | 20% to 40% | | | | | | | | | Appraised value | | | $1,700 to $1,775 | | Commercial and Industrial | | | 2,410 | | Fair value of collateral-appraised value | | Loss severity | | | 5% to 80% | | | | | | | | | Appraised value | | | $212 to $1,112 | | Residential Real Estate | | | 318 | | Fair value of collateral-appraised value | | Loss severity | | | 20% | | | | | | | | | Appraised value | | | $240 | | | | | | | | | | | | | | Capitalized servicing rights | | | 6,832 | | Discounted cash flow | | Constant prepayment rate | | | 8.97% | | | | | | | | | Discount rate | | | 9.62% | | Total | | $ | 11,923 | | | | | | | | |
| (a) | Where dollar amounts are disclosed, the amounts represent the lowest and highest fair value of the respective assets in the population except for adjustments for market/property conditions, which represents the range of adjustments to individual properties. |
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| Summary of Estimated Fair Values, and Related Carrying Amounts, of Financial Instruments |
| | | | | | | | | | | | | | | | | | March 31, 2026 | | | Carrying | | Fair | | | | | | | | | | (in thousands) | | Amount | | Value | | Level 1 | | Level 2 | | Level 3 | Financial Assets | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 82,215 | | $ | 82,215 | | $ | 82,215 | | $ | — | | $ | — | Available-for-sale debt securities | | | 597,977 | | | 597,977 | | | — | | | 596,648 | | | 1,329 | FHLB stock | | | 9,567 | | | n/a | | | n/a | | | n/a | | | n/a | Loans held for sale | | | 11,534 | | | 11,534 | | | — | | | 11,534 | | | — | Net loans | | | 3,550,933 | | | 3,489,882 | | | — | | | — | | | 3,489,882 | Accrued interest receivable | | | 16,924 | | | 16,924 | | | 46 | | | 3,806 | | | 13,072 | Derivative assets | | | 9,921 | | | 9,921 | | | — | | | 9,745 | | | 176 | | | | | | | | | | | | | | | | | Financial Liabilities | | | | | | | | | | | | | | | | Non-maturity deposits | | $ | 2,946,904 | | $ | 2,763,401 | | $ | — | | $ | 2,763,401 | | $ | — | Time deposits | | | 920,811 | | | 917,529 | | | — | | | 917,529 | | | — | Securities sold under agreements to repurchase | | | 3,078 | | | 3,078 | | | — | | | 3,078 | | | — | FHLB advances | | | 159,219 | | | 159,198 | | | — | | | 159,198 | | | — | Subordinated borrowings | | | 53,420 | | | 49,666 | | | — | | | 49,666 | | | — | Accrued interest payable | | | 5,412 | | | 5,412 | | | — | | | 5,412 | | | — | Derivative liabilities | | | 7,277 | | | 7,277 | | | — | | | 7,277 | | | — |
| | | | | | | | | | | | | | | | | | December 31, 2025 | | | Carrying | | Fair | | | | | | | | | | (in thousands) | | Amount | | Value | | Level 1 | | Level 2 | | Level 3 | Financial Assets | | | | | | | | | | | | | | | | Cash and cash equivalents | | $ | 80,837 | | $ | 80,837 | | $ | 80,837 | | $ | — | | $ | — | Available-for-sale debt securities | | | 597,424 | | | 597,424 | | | — | | | 595,221 | | | 2,203 | FHLB stock | | | 11,308 | | | n/a | | | n/a | | | n/a | | | n/a | Loans held for sale | | | 5,283 | | | 5,283 | | | — | | | 5,283 | | | — | Net loans | | | 3,571,807 | | | 3,505,278 | | | — | | | — | | | 3,505,278 | Accrued interest receivable | | | 15,047 | | | 15,047 | | | 13 | | | 3,496 | | | 11,538 | Derivative assets | | | 8,806 | | | 8,806 | | | — | | | 8,708 | | | 98 | | | | | | | | | | | | | | | | | Financial Liabilities | | | | | | | | | | | | | | | | Non-maturity deposits | | $ | 2,908,688 | | $ | 2,740,925 | | $ | — | | $ | 2,740,925 | | $ | — | Time deposits | | | 912,594 | | | 910,213 | | | — | | | 910,213 | | | — | Securities sold under agreements to repurchase | | | 4,801 | | | 4,801 | | | — | | | 4,801 | | | — | FHLB advances | | | 212,016 | | | 211,988 | | | — | | | 211,756 | | | 232 | Subordinated borrowings | | | 52,825 | | | 49,746 | | | — | | | 49,746 | | | — | Accrued interest payable | | | 6,256 | | | 6,256 | | | — | | | 6,256 | | | — | Derivative liabilities | | | 6,684 | | | 6,684 | | | — | | | 6,670 | | | 14 |
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