FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2026

FAIR VALUE OF FINANCIAL INSTRUMENTS

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

Assets and liabilities measured at fair value on a recurring and non-recurring basis are summarized below (in thousands):


		Fair Value Measurement using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable
		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)
At March 31, 2026
Recurring Fair Value Measurements:
Assets
U.S. Government agency securities		$	18,172		$	—		$	18,172		$	—
U.S. State and Municipal securities			9,676			—			9,676			—
Residential mortgage securities			576,292			—			576,292			—
Commercial mortgage securities			43,276			—			43,276			—
Asset-backed securities			2,303			—			2,303			—
CRA Mutual Fund			5,625			5,625			—			—
Derivative assets			1,408			—			1,408			—
Liabilities
Derivative liabilities			587			—			587			—
Non-Recurring Fair Value Measurements:
Assets
Collateral dependent loans			36,435			—			—			36,435

		Fair Value Measurement using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable
		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)
At December 31, 2025
Recurring Fair Value Measurements:
Assets
U.S. Government agency securities		$	28,114		$	—		$	28,114		$	—
U.S. State and Municipal securities			9,728			—			9,728			—
Residential mortgage securities			495,032			—			495,032			—
Commercial mortgage securities			43,700			—			43,700			—
Asset-backed securities			2,358			—			2,358			—
CRA Mutual Fund			5,609			5,609			—			—
Derivative assets			888			—			888			—
Liabilities
Derivative liabilities			4,562			—			4,562			—
Non-Recurring Fair Value Measurements:
Assets
Collateral dependent loans			42,408			—			—			42,408

Schedule of carrying amount and estimated fair values of financial instruments

Carrying amounts and estimated fair values of financial instruments not carried at fair value were as follows (in thousands):


					Fair Value Measurement Using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable			Total Fair
At March 31, 2026		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)			Value
Financial Assets:
Cash and due from banks		$	12,034		$	12,034		$	—		$	—		$	12,034
Overnight deposits			660,359			660,359			—			—			660,359
Securities held-to-maturity			347,868			—			302,532			—			302,532
Loans, net			6,964,476			—			—			7,030,738			7,030,738
Other investments
FRB Stock			11,410			N/A			N/A			N/A			N/A
FHLB Stock			7,317			N/A			N/A			N/A			N/A
Disability Fund			1,500			—			1,500			—			1,500
Time deposits at banks			498			498			—			—			498
Accrued interest receivable			37,182			—			2,560			34,622			37,182

Financial Liabilities:
Non-interest-bearing demand deposits		$	1,539,553		$	1,539,553		$	—		$	—		$	1,539,553
Money market and savings deposits			6,046,331			6,046,331			—			—			6,046,331
Time deposits			153,835			—			153,771			—			153,771
Trust preferred securities			20,620			—			—			20,005			20,005
Accrued interest payable			2,236			844			1,090			302			2,236
Secured and other borrowings			15,975			—			15,975			—			15,975


					Fair Value Measurement Using:
					Quoted Prices
					in Active			Significant
					Markets			Other			Significant
		Carrying			For Identical			Observable			Unobservable			Total Fair
At December 31, 2025		Amount			Assets (Level 1)			Inputs (Level 2)			Inputs (Level 3)			Value
Financial Assets:
Cash and due from banks		$	12,086		$	12,086		$	—		$	—		$	12,086
Overnight deposits			381,501			381,501			—			—			381,501
Securities held-to-maturity			356,627			—			313,082			—			313,082
Loans, net			6,713,152			—			—			6,790,711			6,790,711
Other investments
FRB Stock			11,410			N/A			N/A			N/A			N/A
FHLB Stock			7,224			N/A			N/A			N/A			N/A
Disability Fund			1,500			—			1,500			—			1,500
Time deposits at banks			498			498			—			—			498
Accrued interest receivable			35,818			—			2,430			33,388			35,818

Financial Liabilities:
Non-interest-bearing demand deposits		$	1,479,420		$	1,479,420		$	—		$	—		$	1,479,420
Money market and savings deposits			5,707,634			5,707,634			—			—			5,707,634
Time deposits			190,124			—			190,195			—			190,195
Trust preferred securities			20,620			—			—			20,028			20,028
Accrued interest payable			1,635			12			1,302			321			1,635
Secured and other borrowings			10,975			—			10,975			—			10,975