Fair value estimates (Tables)

3 Months Ended

Mar. 31, 2026

Fair value estimates

Schedule of assets and liabilities measured at fair value on a recurring basis


		At March 31, 2026
		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
(Dollars in thousands)		Amount			(Level 1)			(Level 2)			(Level 3)
U.S. Treasury securities		$	18,020		$	18,020		$			$
U.S. government-sponsored enterprises
State and municipals:
Taxable			58,214						58,214
Tax-exempt			139,168						139,168
Residential mortgage-backed securities:
U.S. government agencies			20,618						20,618
U.S. government-sponsored enterprises			145,343						145,343
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			1,689						1,689
Private collateralized mortgage obligations			48,463						48,463
Asset backed securities			15,366						15,366
Corporate debt securities			21,644						20,762			882
Negotiable certificates of deposit			736						736
Equity securities			3,054			3,054
Total investment securities		$	472,315		$	21,074		$	450,359		$	882
Interest rate swap-other assets		$	14,373					$	14,373
Interest rate swap-other liabilities		$	(14,097)					$	(14,097)


		At December 31, 2025
		Fair Value Measurement Using
					Quoted Prices in			Significant			Significant
					Active Markets for			Other Observable			Unobservable
					Identical Assets			Inputs			Inputs
(Dollars in thousands)		Amount			(Level 1)			(Level 2)			(Level 3)
U.S. Treasury securities		$	30,998		$	30,998		$			$
U.S. government-sponsored enterprises
State and municipals:
Taxable			61,622						61,622
Tax-exempt			125,117						125,117
Residential mortgage-backed securities:
U.S. government agencies			42,699						42,699
U.S. government-sponsored enterprises			160,080						160,080
Commercial mortgage-backed securities:
U.S. government-sponsored enterprises			1,770						1,770
Private collateralized mortgage obligations			48,484						48,484
Asset backed securities			16,267						16,267
Corporate debt securities			24,794						23,806			988
Negotiable certificates of deposit			732						732
Equity securities			2,598			2,598
Total investment securities		$	515,161		$	33,596		$	480,577		$	988
Interest rate swap-other assets		$	15,583					$	15,583
Interest rate swap-other liabilities		$	(15,345)					$	(15,345)

Schedule of assets and liabilities measured at fair value on a nonrecurring basis

March 31, 2026

Fair Value Measurement

Quoted Prices in

Significant

Significant

Active Markets for

Other Observable

Unobservable

Recorded

Valuation

Fair

Identical Assets

Inputs

Inputs

(Dollars in thousands)

 

Investments

 

Allowance

 

Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

Loans individually evaluated for impairment

$

8,975

$

1,263

$

7,712

$

$

$

7,712

Other real estate owned

$

1,682

$

$

1,682

$

$

$

1,682


			December 31, 2025
		Fair Value Measurement
											Quoted Prices in			Significant			Significant
											Active Markets for			Other Observable			Unobservable
			Recorded			Valuation			Fair		Identical Assets			Inputs			Inputs
(Dollars in thousands)			Investment		Allowance				Value		(Level 1)			(Level 2)			(Level 3)
Loans individually evaluated for impairment		$	10,203		$	1,332		$	8,871		$			$			$	8,871
Other real estate owned		$	1,682		$			$	1,682		$			$			$	1,682

Schedule of additional quantitative information about assets measured at fair value on a nonrecurring basis


		Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands, except percents)		Fair Value							Range
March 31, 2026		Estimate			Valuation Techniques		Unobservable Input		(Weighted Average)
Loans individually evaluated for credit loss		$	7,712		Appraisal of collateral		Appraisal adjustments		0.0% to 234.0% (75.4)%
							Liquidation expenses		0.0% to 0.0% (0.0)%
Other real estate owned		$	1,682		Appraisal of collateral		Appraisal adjustments		10.0% to 25.0% (16.9)%
							Liquidation expenses		0.0% to 0.0% (0.0)%


		Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands, except percents)		Fair Value							Range
December 31, 2025		Estimate			Valuation Techniques		Unobservable Input		(Weighted Average)
Loans individually evaluated for credit loss		$	8,871		Appraisal of collateral		Appraisal adjustments		0.0% to 100.0% (52.4)%
							Liquidation expenses		0.0% to 12.2% (0.26)%
Other real estate owned		$	1,682		Appraisal of collateral		Appraisal adjustments		10.0% to 25.0% (16.9)%
							Liquidation expenses		0.0% to 0.0% (0.0)%

Schedule of carrying and fair values of financial instruments


								Fair Value Hierarchy
								Quoted
								Prices in
								Active			Significant
								Markets for			Other			Significant
								Identical			Observable			Unobservable
(Dollars in thousands)		Carrying			Fair			Assets			Inputs			Inputs
March 31, 2026		Value			Value			(Level 1)			(Level 2)			(Level 3)
Financial assets:
Cash and due from banks		$	328,612		$	328,612		$	328,612		$			$
Investment securities:
Available for sale			469,261			469,261			18,020			450,359			882
Held to maturity			70,557			60,954						60,954
Equity securities			3,054			3,054			3,054
Loans held for sale			1,181			1,181						1,181
Net loans			4,150,616			4,095,071									4,095,071
Accrued interest receivable			17,991			17,991						17,991
Mortgage servicing rights			1,264			2,191						2,191
Restricted equity securities (FHLB and other)			17,936			17,936						17,936
Other assets - interest rate swaps			14,373			14,373						14,373
Total		$	5,074,845		$	5,010,624
Financial liabilities:
Deposits		$	4,425,369		$	4,422,370		$			$	4,422,370		$
Short-term borrowings			179,321			179,099						179,099
Long-term debt			134,750			135,078						135,078
Subordinated debt			83,289			85,701						85,701
Junior subordinated debt			8,167			6,933						6,933
Accrued interest payable			7,890			7,890						7,890
Other liabilities - interest rate swaps			14,097			14,097						14,097
Total		$	4,852,883		$	4,851,168


								Fair Value Hierarchy
								Quoted
								Prices in
								Active			Significant
								Markets for			Other			Significant
								Identical			Observable			Unobservable
(Dollars in thousands)		Carrying			Fair			Assets			Inputs			Inputs
December 31, 2025		Value			Value			(Level 1)			(Level 2)			(Level 3)
Financial assets:
Cash and due from banks		$	268,984		$	268,984		$	268,984		$			$
Investment securities:
Available for sale			512,563			512,563			30,998			480,577			988
Held to maturity			72,047			62,798						62,798
Equity securities			2,598			2,598			2,598
Loans held for sale			805			805						805
Net loans			4,027,889			3,953,431									3,953,431
Accrued interest receivable			17,633			17,633						17,633
Mortgage servicing rights			1,211			2,099						2,099
Restricted equity securities (FHLB and other)			12,457			12,457						12,457
Other assets - interest rate swaps			15,583			15,583						15,583
Total		$	4,931,770		$	4,848,951
Financial liabilities:
Deposits		$	4,434,069		$	4,431,901		$			$	4,431,901		$
Short-term borrowings			32,721			32,904						32,904
Long-term debt			134,352			134,982						134,982
Subordinated debt			83,187			86,456						86,456
Junior subordinated debt			8,140			7,293						7,293
Accrued interest payable			6,792			6,792						6,792
Other liabilities - interest rate swaps			15,345			15,345						15,345
Total		$	4,714,606		$	4,715,673