Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Following is a summary of the carrying amounts and fair values of the Company’s financial instruments:


	June 30, 2026				December 31, 2025
(In thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	228,473	$	228,473	$	392,268	$	392,268
Investment securities	736,790		736,790		770,772		770,772
Loans, net	1,088,665		1,083,141		1,047,620		1,044,045
Accrued interest receivable	7,939		7,939		9,170		9,170
Total	$	2,061,867	$	2,056,343	$	2,219,830	$	2,216,255
Balance sheet liabilities:
Deposits	$	1,116,568	$	1,116,568	$	1,200,033	$	1,200,033
Accounts and drafts payable	1,028,098		1,028,098		1,124,858		1,124,858
Short-term borrowings	80,000		80,000		—		—
Accrued interest payable	428		428		606		606
Total	$	2,225,094	$	2,225,094	$	2,325,497	$	2,325,497