FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are as follows at June 30, 2026 and December 31, 2025:


			Fair Value Measurements at June 30, 2026 Using:
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Securities Available-For-Sale:
U.S. Government sponsored entities	$	96,385	$	66,755	$	29,630	$	—
State & political subdivisions	84,595		—		84,595		—
Agency residential & multi-family mortgage	475,080		—		475,080		—
Corporate notes & bonds	30,164		—		30,164		—
Pooled SBA	6,289		—		6,289		—

Total Securities Available-For-Sale	$	692,513	$	66,755	$	625,758	$	—
Interest Rate swaps	$	4,707	$	—	$	4,707	$	—
Equity Securities:
Corporate equity securities	$	5,007	$	5,007	$	—	$	—
Mutual funds	4,358		4,358		—		—
Money market funds	417		417		—		—
Corporate notes	1,900		—		1,900		—

Total Equity Securities	$	11,682	$	9,782	$	1,900	$	—
Liabilities:
Interest Rate Swaps	$	(4,707)	$	—	$	(4,707)	$	—

























			Fair Value Measurements at December 31, 2025 Using:
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
Description	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Securities Available-For-Sale:
U.S. Government sponsored entities	$	113,095	$	88,113	$	24,982	$	—
State & political subdivisions	87,848		—		87,848		—
Agency residential & multi-family mortgage	328,247		—		328,247		—
Corporate notes & bonds	47,940		—		47,940		—
Pooled SBA	7,200		—		7,200		—

Total Securities Available-For-Sale	$	584,330	$	88,113	$	496,217	$	—
Interest Rate swaps	$	5,873	$	—	$	5,873	$	—
Equity Securities:
Corporate equity securities	$	4,745	$	4,745	$	—	$	—
Mutual funds	3,792		3,792		—		—
Money market funds	245		245		—		—
Corporate notes	2,083		—		2,083		—

Total Equity Securities	$	10,865	$	8,782	$	2,083	$	—
Liabilities:
Interest Rate Swaps	$	(5,873)	$	—	$	(5,873)	$	—

Schedule of Assets and Liabilities Measured at Fair Value on Non-recurring Basis

Assets and liabilities measured at fair value on a non-recurring basis are as follows at June 30, 2026 and December 31, 2025:


			Fair Value Measurements at June 30, 2026 Using
Description	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Collateral-dependent loans receivable:
Farmland	$	253	$	—	$	—	$	253
Owner-occupied, nonfarm nonresidential properties	5,122		—		—		5,122
Commercial and industrial	3,826		—		—		3,826
Other construction loans and all land development loans and other land loans	3,010		—		—		3,010
Multifamily (5 or more) residential properties	488		—		—		488
Non-owner occupied, nonfarm nonresidential properties	3,246		—		—		3,246
Home equity lines of credit	965		—		—		965
Residential Mortgages secured by first liens	1,389		—		—		1,389
Residential Mortgages secured by junior liens	384		—		—		384
Total collateral-dependent loans receivable:	$	18,683	$	—	$	—	$	18,683


			Fair Value Measurements at December 31, 2025 Using
Description	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Collateral-dependent loans receivable:
Farmland	$	313	$	—	$	—	$	313
Owner-occupied, nonfarm nonresidential properties	2,192		—		—		2,192
Commercial and industrial	3,207		—		—		3,207
Other construction loans and all land development loans and other land loans	2,608		—		—		2,608
Multifamily (5 or more) residential properties	654		—		—		654
Non-owner occupied, nonfarm nonresidential properties	1,305		—		—		1,305
Home equity lines of credit	1,011		—		—		1,011
Residential Mortgages secured by first liens	2,387		—		—		2,387
Residential Mortgages secured by junior liens	437		—		—		437
Total collateral-dependent loans receivable:	$	14,114	$	—	$	—	$	14,114

Schedule of Quantitative Information about Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on Non Recurring Basis

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2026:

Fair
value

Valuation
Technique

Unobservable Inputs

Range
(Weighted
Average)

Collateral-dependent loans receivable:

Farmland

253

Valuation of third party appraisal on underlying collateral

Loss severity rates

27%-58% (46%)

Owner-occupied, nonfarm nonresidential properties

5,122

Valuation of third party appraisal on underlying collateral

Loss severity rates

24%-87% (34%)

Commercial and industrial

3,826

Valuation of third party appraisal on underlying collateral

Loss severity rates

15%-100% (43%)

Other construction loans and all land development loans and other land loans

3,010

Valuation of third party appraisal on underlying collateral

Loss severity rates

32%-42% (39%)

Multifamily (5 or more) residential properties

488

Valuation of third party appraisal on underlying collateral

Loss severity rates

32% (32%)

Non-owner occupied, nonfarm nonresidential

3,246

Valuation of third party appraisal on underlying collateral

Loss severity rates

25%-87% (56%)

Home equity lines of credit

965

Valuation of third party appraisal on underlying collateral

Loss severity rates

15%-22% (17%)

Residential Mortgages secured by first liens

1,389

Valuation of third party appraisal on underlying collateral

Loss severity rates

15%-49% (23%)

Residential mortgages secured by junior liens

384

Valuation of third party appraisal on underlying collateral

Loss severity rates

17% (17%)

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at December 31, 2025:

Fair
value

Valuation
Technique

Unobservable Inputs

Range
(Weighted
Average)

Collateral-dependent loans receivable:

Farmland

313

Valuation of third party appraisal on underlying collateral

Loss severity rates

27% (27%)

Owner-occupied, nonfarm nonresidential properties

2,192

Valuation of third party appraisal on underlying collateral

Loss severity rates

15%-100% (50%)

Commercial and industrial

3,207

Valuation of third party appraisal on underlying collateral

Loss severity rates

10%-100% (33%)

Other construction loans and all land development loans and other land loans

2,608

Valuation of third party appraisal on underlying collateral

Loss severity rates

32%-38% (36%)

Multifamily (5 or more) residential properties

654

Valuation of third party appraisal on underlying collateral

Loss severity rates

27%-32% (31%)

Non-owner occupied, nonfarm nonresidential

1,305

Valuation of third party appraisal on underlying collateral

Loss severity rates

87% (87%)

Home equity lines of credit

1,011

Valuation of third party appraisal on underlying collateral

Loss severity rates

15%-22% (17%)

Residential mortgages secured by first liens

2,387

Valuation of third party appraisal on underlying collateral

Loss severity rates

15%-60% (28%)

Residential mortgages secured by junior liens

437

Valuation of third party appraisal on underlying collateral

Loss severity rates

17% (17%)

Schedule of Carrying Amount and Fair Value of Financial Instruments

The following table presents the carrying amount and fair value of financial instruments at June 30, 2026:


	Carrying		Fair Value Measurement Using:						Total
	Amount		Level 1		Level 2		Level 3		Fair Value
ASSETS
Cash and cash equivalents	$	458,439	$	458,439	$	—	$	—	$	458,439
Debt securities available-for-sale	692,513		66,755		625,758		—		692,513
Debt securities held-to-maturity	203,049		43,871		146,650		—		190,521
Equity securities	11,682		9,782		1,900		—		11,682
Loans held for sale	1,855		—		1,938		—		1,938
Net loans receivable	6,446,406		—		—		6,509,509		6,509,509
FHLB and other restricted stock holdings and investments	77,420		n/a		n/a		n/a		n/a
Interest rate swaps	4,707		—		4,707		—		4,707
Accrued interest receivable	33,117		797		3,308		29,012		33,117
LIABILITIES
Deposits	$	(7,080,464)	$	(5,934,157)	$	(1,139,746)	$	—	$	(7,073,903)
Short-term borrowings	(164,000)		—		(163,607)		—		(163,607)
Subordinated notes and debentures	(55,620)		—		(55,620)		—		(55,620)
Deposits held for sale	(81,303)		(63,201)		(17,998)		—		(81,199)
Interest rate swaps	(4,707)		—		(4,707)		—		(4,707)
Accrued interest payable	(10,370)		—		(10,370)		—		(10,370)

The following table presents the carrying amount and fair value of financial instruments at December 31, 2025:


	Carrying		Fair Value Measurement Using:						Total
	Amount		Level 1		Level 2		Level 3		Fair Value
ASSETS
Cash and cash equivalents	$	527,896	$	527,896	$	—	$	—	$	527,896
Debt securities available-for-sale	584,330		88,113		496,217		—		584,330
Debt securities held-to-maturity	242,138		58,483		171,211		—		229,694
Equity securities	10,865		8,782		2,083		—		10,865
Loans held for sale	2,517		—		2,506		—		2,506
Net loans receivable	6,426,685		—		—		6,444,201		6,444,201
FHLB and other restricted stock holdings and investments	58,547		n/a		n/a		n/a		n/a
Interest rate swaps	5,873		—		5,873		—		5,873
Accrued interest receivable	34,324		1,078		2,911		30,335		34,324
LIABILITIES
Deposits	$	(7,027,109)	$	(5,929,321)	$	(1,094,998)	$	—	$	(7,024,319)
Short-term borrowings	(164,000)		—		(164,145)		—		(164,145)
Subordinated notes and debentures	(105,494)		—		(119,450)		—		(119,450)
Deposits held for sale	(88,119)		(70,524)		(17,550)		—		(88,074)
Interest rate swaps	(5,873)		—		(5,873)		—		(5,873)
Accrued interest payable	(7,324)		—		(7,324)		—		(7,324)