v3.26.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value of Financial Instruments  
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