| Fair Value of Financial Instruments |
The fair value of financial instruments at June 30, 2026 and December 31, 2025 are set forth below: | | | | | | | | | | | | | | | | | Level in fair value | | June 30, 2026 | | December 31, 2025 | | | measurement | | Carrying | | Estimated | | Carrying | | Estimated | | | hierarchy | | amount | | fair value | | amount | | fair value | ASSETS | | | | | | | | | | | | | | | Cash and cash equivalents | | Level 1 | | $ | 380,696 | | $ | 380,696 | | $ | 417,058 | | $ | 417,058 | U.S. Treasury securities - AFS | | Level 1 | | | 53,675 | | | 53,675 | | | 74,226 | | | 74,226 | U.S. Treasury securities - HTM | | Level 1 | | | — | | | — | | | 24,900 | | | 24,851 | Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale | | Level 2 | | | 201,135 | | | 201,135 | | | 157,665 | | | 157,665 | Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises available-for-sale | | Level 2 | | | 330,472 | | | 330,472 | | | 296,026 | | | 296,026 | Other available-for-sale securities | | Level 3 | | | 251 | | | 251 | | | 722 | | | 722 | Mortgage-backed securities—residential mortgage pass-through securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity | | Level 2 | | | 236,687 | | | 212,335 | | | 236,535 | | | 213,974 | Mortgage-backed securities—other residential mortgage-backed securities issued or guaranteed by U.S. government agencies or sponsored enterprises held-to-maturity | | Level 2 | | | 521,536 | | | 484,390 | | | 390,297 | | | 358,624 | Equity securities with readily determinable fair values | | Level 1 | | | 332 | | | 332 | | | 5,059 | | | 5,059 | FRB and FHLB stock | | Level 2 | | | 42,854 | | | 42,854 | | | 24,641 | | | 24,641 | Loans receivable | | Level 3 | | | 9,774,052 | | | 9,525,099 | | | 7,433,356 | | | 7,274,904 | Loans held for sale | | Level 2 | | | 26,486 | | | 26,486 | | | 25,695 | | | 25,695 | Accrued interest receivable | | Level 2 | | | 51,892 | | | 51,892 | | | 41,951 | | | 41,951 | Interest rate swap derivatives | | Level 2 | | | 30,298 | | | 30,298 | | | 29,150 | | | 29,150 | Mortgage banking derivatives | | Level 3 | | | 352 | | | 352 | | | 283 | | | 283 | LIABILITIES | | | | | | | | | | | | | | | Deposit transaction accounts | | Level 2 | | | 9,119,775 | | | 9,119,775 | | | 7,142,863 | | | 7,142,863 | Time deposits | | Level 2 | | | 1,269,658 | | | 1,271,253 | | | 1,149,771 | | | 1,157,231 | Securities sold under agreements to repurchase | | Level 2 | | | 20,239 | | | 20,239 | | | 17,350 | | | 17,350 | Long-term debt | | Level 2 | | | 204,676 | | | 202,003 | | | 54,719 | | | 53,165 | Federal Home Loan Bank advances | | Level 2 | | | 125,000 | | | 125,000 | | | — | | | — | Accrued interest payable | | Level 2 | | | 20,230 | | | 20,230 | | | 18,017 | | | 18,017 | Interest rate swap derivatives | | Level 2 | | | 6,695 | | | 6,695 | | | 9,093 | | | 9,093 | Mortgage banking derivatives | | Level 3 | | | 72 | | | 72 | | | 88 | | | 88 |
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