v3.26.1
Fair Value Measurements and Disclosures (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated:
March 31, 2026
(dollars in thousands)TotalLevel 1Level 2Level 3
Assets
Securities available for sale:
U.S. asset backed securities$25,361 $— $25,361 $— 
U.S. government agency MBS21,816 — 21,816 — 
March 31, 2026
(dollars in thousands)TotalLevel 1Level 2Level 3
U.S. government agency CMO69,242 — 69,242 — 
State and municipal securities39,636 — 39,636 — 
U.S. Treasuries16,193 16,193 — — 
Non-U.S. government agency CMO7,687 — 7,687 
Corporate bonds16,077 — 16,077 — 
Equity investments2,137 — 2,137 — 
Mortgage loans held for sale38,960 — 38,960 — 
Mortgage loans held for investment14,090 — 14,090 — 
Interest rate lock commitments355 — — 355 
Forward commitments130 — 130 — 
Customer derivatives - interest rate swaps1,728 — 1,728 — 
Fair Value Hedge13 — 13 — 
Total$253,425 $16,193 $236,877 $355 
Liabilities
Interest rate lock commitments$169 $— $— $169 
Forward commitments13 — 13 — 
Customer derivatives - interest rate swaps1,745 — 1,745 — 
Customer derivatives - Risk Participation Agreements22 — 22 — 
Interest rate swaps123 — 123 — 
Total$2,072 $— $1,903 $169 

December 31, 2025
(dollars in thousands)TotalLevel 1Level 2Level 3
Assets
Securities available for sale:
U.S. asset backed securities$26,217 $— $26,217 $— 
U.S. government agency MBS22,351 — 22,351 — 
U.S. government agency CMO66,131 — 66,131 — 
State and municipal securities40,032 — 40,032 — 
U.S. Treasuries16,206 16,206 — — 
Non-U.S. government agency CMO8,606 — 8,606 — 
Corporate bonds13,914 — 13,914 — 
Equity investments2,166 — 2,166 — 
Mortgage loans held for sale33,762 — 33,762 — 
Mortgage loans held for investment14,396 — 14,396 — 
Interest rate lock commitments402 — — 402 
Customer derivatives - interest rate swaps1,909 — 1,909 — 
Fair Value Hedge21 — 21 — 
Total$246,112 $16,206 $229,504 $402 
Liabilities
Interest rate lock commitments$13 $— $— $13 
Forward commitments32 — 32 — 
Customer derivatives - interest rate swaps1,929 — 1,929 — 
Customer derivatives - Risk Participation Agreements23 — 23 — 
Interest rate swaps281 — 281 — 
Total$2,278 $— $2,265 $13 
Schedule of Financial Assets Measured at Fair Value on Non-recurring Basis
The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated:
(dollars in thousands)March 31,
2026		December 31,
2025
Mortgage servicing rights$84 $86 
SBA loan servicing rights3,610 3,846 
OREO and other repossessed assets6,009 5,997 
Individually evaluated loans (1)
Commercial and industrial122—
       Construction3,7134,430
Small business loans2,9253,745
Total$16,463 $18,103 
(1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral.
Schedule of Measurement Inputs
The following table details the valuation techniques for Level 3 assets.

(dollars in thousands)March 31, 2026
Financial InstrumentFair ValueValuation TechniqueUnobservable InputRange of InputsWeighted Average
OREO and other repossessed assets$6,009 Appraisal of collateralCosts to sell
6% - 13% discount
10%
Individually evaluated loans6,759 Appraisal of collateralCosts to sell
10%-85% discount
28%

(dollars in thousands)December 31, 2025
Financial InstrumentFair ValueValuation TechniqueUnobservable InputRange of InputsWeighted Average
OREO and other repossessed assets$5,997 Appraisal of collateralCosts to sell
6% - 13% discount
10%
Individually evaluated loans8,175 Appraisal of collateralCosts to sell
2%-48% discount
24%
The following table details the valuation techniques for Level 3 interest rate lock commitments.
(dollars in thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
March 31, 2026$355 Market comparable pricingPull through
1 - 99%
85.52%
December 31, 2025402 Market comparable pricingPull through
1 - 99%
85.31%
Schedule of Estimated Fair Values of Financial Instruments
The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated:
Fair Value
Hierarchy Level		March 31, 2026December 31, 2025
(dollars in thousands)Carrying
amount		Fair valueCarrying
amount		Fair value
Financial assets:
Cash and cash equivalentsLevel 1$28,269 $28,269 $35,778 $35,778 
Mortgage loans held for saleLevel 238,960 38,960 33,762 33,762 
Loans and other finance receivables, net of ACLLevel 32,146,233 2,116,050 2,134,630 2,108,242 
Mortgage loans held for investmentLevel 214,090 14,090 14,396 14,396 
Financial liabilities:
DepositsLevel 2$2,169,960 $2,182,600 $2,158,128 $2,179,800 
BorrowingsLevel 2120,838 121,000 117,338 117,700 
Subordinated debenturesLevel 249,675 49,569 49,853 49,597 
Schedule of Level 3 Inputs Reconciliation
The following table includes a rollforward of interest rate lock commitments for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the periods indicated.
Three months ended
March 31,
(dollars in thousands)20262025
Balance at beginning of the period$402 $216 
Change in value(47)148 
Balance at end of the period$355 $364