v3.26.1
Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Amortized Cost and Fair Value of Securities Available for Sale
The amortized cost and fair value of securities available for sale were as follows as of the dates presented in the tables below.

There was no allowance for credit losses allocated to any of the Company’s available for sale securities as of June 30, 2026 or December 31, 2025.
 
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
June 30, 2026
Obligations of states and political subdivisions$274,280 $7,684 $(3,740)$278,224 
Residential mortgage-backed securities:
Agency mortgage-backed securities1,051,549 758 (22,092)1,030,215 
Collateralized mortgage obligations762,249 1,427 (64,315)699,361 
Commercial mortgage-backed securities:
Agency mortgage-backed securities99,275 112 (818)98,569 
Collateralized mortgage obligations408,355 2,730 (20,321)390,764 
Other debt securities346,458 845 (2,012)345,291 
$2,942,166 $13,556 $(113,298)$2,842,424 
 
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
December 31, 2025
Obligations of states and political subdivisions$266,553 $8,012 $(1,780)$272,785 
Residential mortgage-backed securities:
Agency mortgage-backed securities793,154 5,670 (15,675)783,149 
Collateralized mortgage obligations706,986 2,826 (57,908)651,904 
Commercial mortgage-backed securities:
Agency mortgage-backed securities100,314 285 (762)99,837 
Collateralized mortgage obligations419,356 3,552 (18,120)404,788 
Other debt securities349,132 1,537 (2,314)348,355 
$2,635,495 $21,882 $(96,559)$2,560,818 
The amortized cost and fair value of securities held to maturity were as follows as of the dates presented:
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
June 30, 2026
Obligations of states and political subdivisions$277,221 $17 $(29,086)$248,152 
Residential mortgage-backed securities:
Agency mortgage-backed securities300,547 — (15,072)285,475 
Collateralized mortgage obligations305,069 — (25,284)279,785 
Commercial mortgage-backed securities:
Agency mortgage-backed securities16,813 — (2,113)14,700 
Collateralized mortgage obligations41,530 — (6,150)35,380 
Other debt securities41,884 — (2,523)39,361 
$983,064 $17 $(80,228)$902,853 
Allowance for credit losses - held to maturity securities(32)
Held-to-maturity securities, net of allowance for credit losses$983,032 
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
December 31, 2025
Obligations of states and political subdivisions$279,424 $29 $(29,516)$249,937 
Residential mortgage-backed securities:
Agency mortgage-backed securities323,993 — (10,030)313,963 
Collateralized mortgage obligations320,258 — (18,600)301,658 
Commercial mortgage-backed securities:
Agency mortgage-backed securities16,938 — (2,059)14,879 
Collateralized mortgage obligations42,079 — (5,997)36,082 
Other debt securities47,413 — (2,062)45,351 
$1,030,105 $29 $(68,264)$961,870 
Allowance for credit losses - held to maturity securities(32)
Held-to-maturity securities, net of allowance for credit losses$1,030,073 
Schedule of Realized Gain (Loss)
Carrying ValueNet ProceedsGain/(Loss)
Three months ended June 30, 2025
Obligations of other U.S. Government agencies and corporations$34,394 $34,394 $— 
Obligations of states and political subdivisions327,509 327,509 — 
Residential mortgage backed securities:
Agency mortgage-backed securities275,910 275,910 — 
Collateralized mortgage obligations2,437 2,437 — 
Commercial mortgage-backed securities:
Agency mortgage-backed securities6,541 6,541 — 
Collateralized mortgage obligations6,480 6,480 — 
Other debt securities33,214 33,214 — 
$686,485 $686,485 $— 
Six months ended June 30, 2025
Obligations of other U.S. Government agencies and corporations$34,394 $34,394 $— 
Obligations of states and political subdivisions327,509 327,509 — 
Residential mortgage-backed securities:
Agency mortgage-backed securities275,910 275,910 — 
Collateralized mortgage obligations2,437 2,437 — 
Commercial mortgage-backed securities:
Agency mortgage-backed securities6,541 6,541 — 
Collateralized mortgage obligations6,480 6,480 — 
Other debt securities33,214 33,214 — 
$686,485 $686,485 $— 
Schedule of Amortized Cost and Fair Value of Securities by Contractual Maturity
The amortized cost and fair value of securities at June 30, 2026 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because issuers may call or prepay obligations with or without call or prepayment penalties.
 
Held to MaturityAvailable for Sale
Amortized
Cost		Fair
Value		Amortized
Cost		Fair
Value
Due within one year$— $— $7,060 $7,069 
Due after one year through five years18,009 17,219 68,746 69,252 
Due after five years through ten years186,556 167,503 121,866 121,531 
Due after ten years72,656 63,430 123,770 127,484 
Residential mortgage-backed securities:
Agency mortgage-backed securities300,547 285,475 1,051,549 1,030,215 
Collateralized mortgage obligations305,069 279,785 762,249 699,361 
Commercial mortgage-backed securities:
Agency mortgage-backed securities16,813 14,700 99,275 98,569 
Collateralized mortgage obligations41,530 35,380 408,355 390,764 
Other debt securities41,884 39,361 299,296 298,179 
$983,064 $902,853 $2,942,166 $2,842,424 
Schedule of Gross Unrealized Losses and Fair Value of Available-for-Sale Securities
The following tables present by age the fair value and gross unrealized losses for each investment category for which an allowance for credit losses has not been recorded as of the dates presented:
 
Less than 12 Months12 Months or MoreTotal
#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses
Available for Sale:
June 30, 2026
Obligations of states and political subdivisions46 $57,548 $(1,893)11$15,919 $(1,847)57$73,467 $(3,740)
Residential mortgage-backed securities:
Agency mortgage-backed securities39 698,540 (5,333)38179,487 (16,759)77878,027 (22,092)
Collateralized mortgage obligations10 236,409 (1,553)38277,694 (62,762)48514,103 (64,315)
Commercial mortgage-backed securities:
Agency mortgage-backed securities1571,420 (516)14,636 (302)1676,056 (818)
Collateralized mortgage obligations35169,181 (1,943)28101,267 (18,378)63270,448 (20,321)
Other debt securities15 103,960 (426)11183,380 (1,586)26287,340 (2,012)
Total160$1,337,058 $(11,664)127$762,383 $(101,634)287$2,099,441 $(113,298)
December 31, 2025
Obligations of states and political subdivisions13$19,454 $(445)7$13,591 $(1,335)20$33,045 $(1,780)
Residential mortgage-backed securities:
Agency mortgage-backed securities8135,320 (903)36132,975 (14,772)44268,295 (15,675)
Collateralized mortgage obligations2 24,816 (58)37299,606 (57,850)39324,422 (57,908)
Commercial mortgage-backed securities:
Agency mortgage-backed securities9 71,188 (395)25,595 (367)1176,783 (762)
Collateralized mortgage obligations12 40,387 (56)25102,206 (18,064)37142,593 (18,120)
Other debt securities10191,504 (1,347)814,571 (967)18206,075 (2,314)
Total54$482,669 $(3,204)115$568,544 $(93,355)169$1,051,213 $(96,559)
Schedule of Gross Unrealized Losses and Fair Value of Held-to-Maturity Securities
Less than 12 Months12 Months or MoreTotal
#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses		#Fair
Value		Unrealized
Losses
Held to Maturity:
June 30, 2026
Obligations of states and political subdivisions5$6,301 $(400)118$237,908 $(28,686)123$244,209 $(29,086)
Residential mortgage-backed securities:
Agency mortgage-backed securities441,439 (1,102)62244,036 (13,970)66285,475 (15,072)
Collateralized mortgage obligations—— — 18279,785 (25,284)18279,785 (25,284)
Commercial mortgage-backed securities:
Agency mortgage-backed securities—— — 114,700 (2,113)114,700 (2,113)
Collateralized mortgage obligations—— — 935,381 (6,150)935,381 (6,150)
Other debt securities—— — 1039,353 (2,523)1039,353 (2,523)
Total9$47,740 $(1,502)218$851,163 $(78,726)227$898,903 $(80,228)
December 31, 2025
Obligations of states and political subdivisions—$— $— 124$248,044 $(29,516)124$248,044 $(29,516)
Residential mortgage-backed securities:
Agency mortgage-backed securities—— — 66313,963 (10,030)66313,963 (10,030)
Collateralized mortgage obligations—— — 18301,657 (18,600)18301,657 (18,600)
Commercial mortgage-backed securities:
Agency mortgage-backed securities—— — 114,879 (2,059)114,879 (2,059)
Collateralized mortgage obligations—— — 936,083 (5,997)936,083 (5,997)
Other debt securities—— — 1045,351 (2,062)1045,351 (2,062)
Total—$— $— 228$959,977 $(68,264)228$959,977 $(68,264)