| Assets and Liabilities Measured at Fair Value |
Assets and liabilities measured at fair value are summarized in the tables below.
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Fair Value Measurements at June 30, 2026 Using: |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Assets measured at fair value on a recurring basis: |
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Securities available-for-sale |
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U.S. Treasury securities |
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$ |
17,547 |
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$ |
— |
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$ |
— |
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Obligations of U.S. Government agencies |
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— |
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19,062 |
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$ |
— |
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Obligations of states and political subdivisions |
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— |
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317,479 |
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— |
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Mortgage-backed securities in government sponsored
entities |
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— |
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313,226 |
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— |
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Total securities available-for-sale |
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17,547 |
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$ |
649,767 |
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— |
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Equity securities |
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— |
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2,865 |
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— |
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Swap asset |
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— |
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2,352 |
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— |
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Liabilities measured at fair value on a recurring basis: |
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Swap liability |
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$ |
— |
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$ |
6,584 |
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$ |
— |
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Assets measured at fair value on a nonrecurring basis: |
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Collateral-dependent loans |
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$ |
— |
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$ |
— |
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$ |
9,736 |
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Fair Value Measurements at December 31, 2025 Using: |
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(Level 1) |
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(Level 2) |
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(Level 3) |
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Assets measured at fair value on a recurring basis: |
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Securities available-for-sale |
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U.S. Treasury securities |
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$ |
33,902 |
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$ |
— |
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$ |
— |
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Obligations of U.S. Government agencies |
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— |
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27,115 |
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— |
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Obligations of states and political subdivisions |
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— |
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324,798 |
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— |
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Mortgage-backed securities in government
sponsored entities |
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— |
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296,093 |
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— |
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Total securities available-for-sale |
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33,902 |
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648,006 |
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— |
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Equity securities |
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— |
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2,692 |
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— |
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Swap asset |
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— |
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3,494 |
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— |
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Liabilities measured at fair value on a recurring basis: |
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Swap liability |
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$ |
— |
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$ |
5,748 |
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$ |
— |
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Assets measured at fair value on a nonrecurring basis: |
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Collateral-dependent loans |
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$ |
— |
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$ |
— |
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$ |
13,140 |
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| Carrying Amount and Fair Value of Financial Instruments Carried at Amortized Cost |
The carrying amount and fair value of financial instruments carried at amortized cost were as follows:
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June 30, 2026 |
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Carrying
Amount |
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Total
Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
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Financial Assets: |
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Cash and due from financial institutions |
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$ |
61,743 |
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$ |
61,743 |
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$ |
61,743 |
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$ |
— |
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$ |
— |
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Investments in time deposits |
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4,125 |
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4,125 |
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— |
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4,125 |
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— |
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Other securities |
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28,957 |
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28,957 |
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— |
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28,957 |
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— |
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Loans, held for sale |
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8,508 |
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8,508 |
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— |
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8,508 |
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— |
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Loans and leases, net of allowance |
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3,213,191 |
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3,114,806 |
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— |
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— |
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3,114,806 |
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Accrued interest receivable |
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14,849 |
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14,849 |
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14,849 |
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— |
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— |
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Financial Liabilities: |
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Nonmaturing deposits |
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2,347,126 |
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2,347,126 |
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2,347,126 |
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— |
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— |
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Time deposits |
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1,111,117 |
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1,113,339 |
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— |
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— |
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1,113,339 |
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Short-term FHLB advances |
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123,500 |
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123,500 |
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123,500 |
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— |
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— |
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Long-term FHLB advances |
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561 |
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548 |
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— |
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— |
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548 |
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Subordinated debentures |
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104,317 |
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103,133 |
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— |
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— |
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103,133 |
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Other borrowings |
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3,121 |
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3,121 |
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— |
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— |
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3,121 |
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Accrued interest payable |
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3,091 |
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3,091 |
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3,091 |
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— |
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— |
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December 31, 2025 |
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Carrying
Amount |
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Total
Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
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Financial Assets: |
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Cash and due from financial institutions |
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$ |
77,320 |
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$ |
77,320 |
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$ |
77,320 |
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$ |
— |
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$ |
— |
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Investments in time deposits |
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1,165 |
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1,165 |
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— |
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1,165 |
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— |
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Other securities |
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25,942 |
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25,942 |
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— |
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25,942 |
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— |
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Loans, held for sale |
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7,180 |
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7,180 |
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— |
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7,180 |
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— |
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Loans and leases, net of allowance |
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3,228,026 |
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3,134,413 |
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— |
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— |
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3,134,413 |
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Accrued interest receivable |
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14,436 |
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14,436 |
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14,436 |
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— |
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— |
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Financial Liabilities: |
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Nonmaturing deposits |
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2,339,170 |
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2,339,170 |
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2,339,170 |
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— |
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— |
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Time deposits |
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1,127,294 |
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1,129,549 |
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— |
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— |
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1,129,549 |
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Short-term FHLB advances |
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175,000 |
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175,000 |
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175,000 |
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— |
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— |
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Long-term FHLB advances |
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855 |
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838 |
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— |
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— |
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838 |
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Subordinated debentures |
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104,234 |
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102,843 |
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— |
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— |
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102,843 |
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Other borrowings |
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4,090 |
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4,090 |
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— |
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— |
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4,090 |
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Accrued interest payable |
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5,393 |
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5,393 |
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5,393 |
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— |
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— |
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