| Tables of Financial Instruments Measured At Fair Value on Recurring Basis |
The tables below present the financial instruments measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 in the consolidated statements of financial condition utilizing the hierarchy structure described above: | | | | | | | | | | | | | | | June 30, 2026 | | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Investment securities available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 53,675 | | $ | — | | $ | — | | $ | 53,675 | Mortgage-backed securities: | | | | | | | | | | | | | Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises | | | — | | | 201,135 | | | — | | | 201,135 | Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises | | | — | | | 330,472 | | | — | | | 330,472 | Equity securities with readily determinable fair values | | | 332 | | | — | | | — | | | 332 | Loans held for sale | | | — | | | 26,486 | | | — | | | 26,486 | Interest rate swap derivatives | | | — | | | 30,298 | | | — | | | 30,298 | Mortgage banking derivatives | | | — | | | — | | | 352 | | | 352 | Total assets at fair value | | $ | 54,007 | | $ | 588,391 | | $ | 352 | | $ | 642,750 | Liabilities: | | | | | | | | | | | | | Interest rate swap derivatives | | $ | — | | $ | 6,695 | | $ | — | | $ | 6,695 | Mortgage banking derivatives | | | — | | | — | | | 72 | | | 72 | Total liabilities at fair value | | $ | — | | $ | 6,695 | | $ | 72 | | $ | 6,767 |
| | | | | | | | | | | | | | | December 31, 2025 | | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | Investment securities available-for-sale | | | | | | | | | | | | | U.S. Treasuries | | $ | 74,226 | | $ | — | | $ | — | | $ | 74,226 | Mortgage-backed securities: | | | | | | | | | | | | | Residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises | | | — | | | 157,665 | | | — | | | 157,665 | Other residential MBS issued or guaranteed by U.S. government agencies or sponsored enterprises | | | — | | | 296,026 | | | — | | | 296,026 | Equity securities with readily determinable fair values | | | 5,059 | | | — | | | — | | | 5,059 | Loans held for sale | | | — | | | 25,695 | | | — | | | 25,695 | Interest rate swap derivatives | | | — | | | 29,150 | | | — | | | 29,150 | Mortgage banking derivatives | | | — | | | — | | | 283 | | | 283 | Total assets at fair value | | $ | 79,285 | | $ | 508,536 | | $ | 283 | | $ | 588,104 | Liabilities: | | | | | | | | | | | | | Interest rate swap derivatives | | $ | — | | $ | 9,093 | | $ | — | | $ | 9,093 | Mortgage banking derivatives | | | — | | | — | | | 88 | | | 88 | Total liabilities at fair value | | $ | — | | $ | 9,093 | | $ | 88 | | $ | 9,181 |
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| Table of Changes in Level 3 Financial Instruments |
The table below details the changes in level 3 financial instruments during the six months ended June 30, 2026: | | | | | | Mortgage banking | | | derivatives, net | Balance at December 31, 2025 | | $ | 195 | Gain included in earnings, net | | | 123 | Fees and (costs) included in earnings, net | | | (38) | Balance at June 30, 2026 | | $ | 280 |
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| Table of Assets Recorded at Fair Value On a Non-Recurring Basis |
The tables below provide information regarding losses from assets recorded at fair value on a non-recurring basis during the six months ended June 30, 2026 and 2025: | | | | | | | | | June 30, 2026 | | | Total | | Losses from fair value changes | Individually evaluated loans | | $ | 114,036 | | $ | 9,485 | Premises and equipment | | | 2,175 | | | 763 | Total | | $ | 116,211 | | $ | 10,248 |
| | | | | | | | | June 30, 2025 | | | Total | | Losses from fair value changes | Individually evaluated loans | | $ | 51,395 | | $ | 15,994 | SBA servicing rights | | | 2,792 | | | 68 | Total | | $ | 54,187 | | $ | 16,062 |
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