| Summary of Fair Values of Securities Available for Sale and Held to Maturity |
The following table summarizes the fair values of debt securities AFS and equity securities as they are measured at fair value on a recurring basis.
| | | | | | | | | | | | | | | | (Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | | June 30, 2026 | | | | | | Debt securities AFS | | | | | | Corporate securities | $ | 23,125 | | $ | — | | $ | 23,125 | | $ | — | | | SBA securities | 9,900 | | — | | 9,900 | | — | | | Obligations of states and political subdivisions | 124 | | — | | 124 | | — | | | Non-bank qualified obligations of states and political subdivisions | 171,786 | | — | | 171,786 | | — | | | Asset-backed securities | 108,115 | | — | | 108,115 | | — | | | Mortgage-backed securities | 906,566 | | — | | 906,566 | | — | | | Total debt securities AFS | $ | 1,219,616 | | $ | — | | $ | 1,219,616 | | $ | — | | Common equities and mutual funds(1) | $ | 4,808 | | $ | 4,808 | | $ | — | | $ | — | | Non-marketable equity securities(2) | $ | 13,456 | | $ | — | | $ | — | | $ | — | | | | | | | | September 30, 2025 | | | | | | Debt securities AFS | | | | | | Corporate securities | $ | 21,250 | | $ | — | | $ | 21,250 | | $ | — | | | SBA securities | 10,769 | | — | | 10,769 | | — | | | Obligations of states and political subdivisions | 162 | | — | | 162 | | — | | | Non-bank qualified obligations of states and political subdivisions | 187,040 | | — | | 187,040 | | — | | | Asset-backed securities | 136,372 | | — | | 136,372 | | — | | | Mortgage-backed securities | 972,250 | | — | | 972,250 | | — | | | Total debt securities AFS | $ | 1,327,843 | | $ | — | | $ | 1,327,843 | | $ | — | | Common equities and mutual funds(1) | $ | 3,787 | | $ | 3,787 | | $ | — | | $ | — | | Non-marketable equity securities(2) | $ | 13,237 | | $ | — | | $ | — | | $ | — | |
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2026 and September 30, 2025. (2) Consists of certain non-marketable equity securities that are measured at fair value using NAV as a practical expedient and are excluded from the fair value hierarchy.
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| Assets Measured at Fair Value on Nonrecurring Basis |
The following table summarizes the assets of the Company that are measured at fair value in the Condensed Consolidated Statements of Financial Condition on a nonrecurring basis:
| | | | | | | | | | | | | | | | (Dollars in thousands) | Total | Level 1 | Level 2 | Level 3 | | June 30, 2026 | | | | | | Loans and leases, net individually evaluated for credit loss | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial finance | $ | 49,087 | | $ | — | | $ | — | | $ | 49,087 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans and leases, net individually evaluated for credit loss | 49,087 | | — | | — | | 49,087 | | | | | | | | Total | $ | 49,087 | | $ | — | | $ | — | | $ | 49,087 | | | | | | | | September 30, 2025 | | | | | | Loans and leases, net individually evaluated for credit loss | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Commercial finance | $ | 32,321 | | $ | — | | $ | — | | $ | 32,321 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total loans and leases, net individually evaluated for credit loss | 32,321 | | — | | — | | 32,321 | | | | | | | | Total | $ | 32,321 | | $ | — | | $ | — | | $ | 32,321 | |
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| Carrying Amount and Estimated Fair Value of Financial Instruments |
The following tables present the carrying amount and estimated fair value of the financial instruments held by the Company:
| | | | | | | | | | | | | | | | | | | June 30, 2026 | | (Dollars in thousands) | Carrying
Amount | Estimated
Fair Value | Level 1 | Level 2 | Level 3 | | Financial assets | | | | | | | Cash and cash equivalents | $ | 149,412 | | $ | 149,412 | | $ | 149,412 | | $ | — | | $ | — | | | Debt securities available for sale | 1,219,616 | | 1,219,616 | | — | | 1,219,616 | | — | | | Debt securities held to maturity | 27,101 | | 23,273 | | — | | 23,273 | | — | | Common equities and mutual funds(1) | 4,808 | | 4,808 | | 4,808 | | — | | — | | Non-marketable equity securities(1)(2) | 23,752 | | 23,752 | | — | | 10,296 | | — | | | Loans held for sale | 97,288 | | 97,288 | | — | | 97,288 | | — | | | Loans and leases | 5,104,580 | | 5,023,814 | | — | | — | | 5,023,814 | | | Federal Reserve Bank and Federal Home Loan Bank stocks | 30,915 | | 30,915 | | — | | 30,915 | | — | | | Accrued interest receivable | 36,966 | | 36,966 | | 36,966 | | — | | — | | | Financial liabilities | | | | | | | | | | | | | Deposits | 5,950,309 | | 5,950,224 | | 5,947,668 | | 2,556 | | — | | | Overnight federal funds purchased | 167,500 | | 167,500 | | 167,500 | | — | | — | | | | | | | | | Other short- and long-term borrowings | 33,533 | | 34,023 | | — | | 34,023 | | — | | | Accrued interest payable | 712 | | 712 | | 712 | | — | | — | |
(1) Equity securities at fair value are included within other assets on the Condensed Consolidated Statements of Financial Condition at June 30, 2026. (2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
| | | | | | | | | | | | | | | | | | | September 30, 2025 | | (Dollars in thousands) | Carrying
Amount | Estimated
Fair Value | Level 1 | Level 2 | Level 3 | | Financial assets | | | | | | | Cash and cash equivalents | $ | 120,568 | | $ | 120,568 | | $ | 120,568 | | $ | — | | $ | — | | | Debt securities available for sale | 1,327,843 | | 1,327,843 | | — | | 1,327,843 | | — | | | Debt securities held to maturity | 29,308 | | 25,653 | | — | | 25,653 | | — | | Common equities and mutual funds(1) | 3,787 | | 3,787 | | 3,787 | | — | | — | | Non-marketable equity securities(1)(2) | 19,937 | | 19,937 | | — | | 6,699 | | — | | | Loans held for sale | 179,421 | | 179,421 | | — | | 179,421 | | — | | | Loans and leases | 4,665,006 | | 4,599,269 | | — | | — | | 4,599,269 | | | Federal Reserve Bank and Federal Home Loan Bank stocks | 24,708 | | 24,708 | | — | | 24,708 | | — | | | Accrued interest receivable | 38,520 | | 38,520 | | 38,520 | | — | | — | | | Financial liabilities | | | | | | | Deposits | 5,886,947 | | 5,886,914 | | 5,884,311 | | 2,604 | | — | | | Overnight federal funds purchased | 9,000 | | 9,000 | | 9,000 | | — | | — | | | | | | | | | Other short- and long-term borrowings | 33,456 | | 33,667 | | — | | 33,667 | | — | | | Accrued interest payable | 188 | | 188 | | 188 | | — | | — | |
(1) Equity securities at fair value are included within other assets on the Consolidated Statements of Financial Condition at September 30, 2025. (2) Includes certain non-marketable equity securities that are measured at fair value using NAV per share (or its equivalent) as a practical expedient and are excluded from the fair value hierarchy.
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