Fair Value Measurements (Tables)


	Total		Level 1		Level 2		Level 3
June 30, 2026
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	177,334	$	—	$	177,334	$	—
Mortgage-backed securities:
U.S. Government agencies	1,273,596		—		1,273,596		—
Private label	4,983		—		4,983		—
Trust preferred securities	4,538		—		4,538		—
Corporate securities	16,274		—		16,274		—
Marketable equity securities	5,633		1,837		3,796		—
Derivative assets	35,262		—		35,262		—
Financial Liabilities
Derivative liabilities	34,536		—		34,536		—

Nonrecurring fair value measurements
Financial Assets
Collateral-dependent individually evaluated loans	4,882		—		—		4,882
Non-Financial Assets
Other real estate owned	495		—		—		495

December 31, 2025
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	179,724	$	—	$	179,724	$	—
Mortgage-backed securities:
U.S. Government agencies	1,297,789		—		1,297,789		—
Private label	5,032		—		5,032		—
Trust preferred securities	4,424		—		4,424		—
Corporate securities	16,389		—		16,389		—
Marketable equity securities	5,568		1,757		3,811		—
Derivative assets	35,093		—		35,093		—
Financial Liabilities
Derivative liabilities	34,372		—		34,372		—

Nonrecurring fair value measurements
Financial Assets
Collateral-dependent individually evaluated loans	7,354		—		—		7,354
Non-Financial Assets
Other real estate owned	482		—		—		482

The following table represents the estimates of fair value of financial instruments (in thousands). For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity.


	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
June 30, 2026
Assets:
Cash and cash equivalents	$	267,202	$	267,202	$	267,202	$	—	$	—
Securities available-for-sale	1,476,725		1,476,725		—		1,476,725		—
Marketable equity securities	5,633		5,633		1,837		3,796		—
Net loans	4,481,935		4,383,332		—		—		4,383,332
Accrued interest receivable	21,300		21,300		—		21,300		—
Derivative assets	35,262		35,262		—		35,262		—

Liabilities:
Deposits	5,340,150		5,330,098		4,031,509		1,298,589		—
Securities sold under agreements to repurchase	377,551		377,551		—		377,551		—
FHLB long-term advances	150,000		150,113		—		150,113		—
Accrued interest payable	5,593		5,593		—		5,593		—
Derivative liabilities	34,536		34,536		—		34,536		—

December 31, 2025
Assets:
Cash and cash equivalents	$	191,919	$	191,919	$	191,919	$	—	$	—
Securities available-for-sale	1,503,358		1,503,358		—		1,503,358		—
Marketable equity securities	5,568		5,568		1,757		3,811		—
Net loans	4,484,002		4,399,501		—		—		4,399,501
Accrued interest receivable	20,718		20,718		—		20,718		—
Derivative assets	35,093		35,093		—		35,093		—

Liabilities:
Deposits	5,300,988		5,292,774		3,997,627		1,295,147		—
Securities sold under agreements to repurchase	367,674		367,674		—		367,674		—
FHLB long-term advances	150,000		151,967		—		151,967		—
Accrued interest payable	5,842		5,842		—		5,842		—
Derivative liabilities	34,372		34,372		—		34,372		—