| Carrying Amounts and Estimated Fair Value for Financial Instrument Assets and Liabilities |
The estimated fair values and related carrying amounts for assets and liabilities for which fair value is only disclosed are shown below as of the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | Carrying
Amount | | Fair Value | | Readily
Available
Market
Prices
(Level 1) | | Observable
Market
Prices
(Level 2) | | Company
Determined
Market
Prices
(Level 3) | | June 30, 2026 | | | | | | | | | | | | Financial assets: | | | | | | | | | | | | HTM debt securities | | $ | 463,318 | | | $ | 432,640 | | | $ | — | | | $ | 432,640 | | | $ | — | | Commercial real estate loans(1)(2) | | 2,169,380 | | | 2,109,152 | | | — | | | — | | | 2,109,152 | | Commercial loans(2) | | 424,815 | | | 411,641 | | | — | | | — | | | 411,641 | | Residential real estate loans(2) | | 1,983,765 | | | 1,747,703 | | | — | | | — | | | 1,747,703 | | Home equity loans(2) | | 363,903 | | | 360,148 | | | — | | | — | | | 360,148 | | Consumer loans(2) | | 17,001 | | | 15,328 | | | — | | | — | | | 15,328 | | Bank-owned life insurance(3) | | 113,589 | | | 113,589 | | | — | | | 113,589 | | | — | | | Servicing assets | | 2,658 | | | 4,848 | | | — | | | — | | | 4,848 | | | Financial liabilities: | | | | | | | | | | | | Time deposits | | $ | 632,355 | | | $ | 628,062 | | | $ | — | | | $ | 628,062 | | | $ | — | | | Short-term borrowings | | 508,386 | | | 507,974 | | | — | | | 507,974 | | | — | | | Long-term borrowings | | 1,000 | | | 841 | | | — | | | 841 | | | — | | Junior subordinated debentures | | 61,665 | | | 52,145 | | | — | | | 52,145 | | | — | | | December 31, 2025 | | | | | | | | | | | | Financial assets: | | | | | | | | | | | | HTM debt securities | | $ | 485,292 | | | $ | 457,821 | | | $ | — | | | $ | 457,821 | | | $ | — | | Commercial real estate loans(1)(2) | | 2,162,472 | | | 2,094,447 | | | — | | | — | | | 2,094,447 | | Commercial loans(2) | | 411,722 | | | 402,224 | | | — | | | — | | | 402,224 | | Residential real estate loans(2) | | 2,000,090 | | | 1,790,372 | | | — | | | — | | | 1,790,372 | | Home equity loans(2) | | 328,306 | | | 321,156 | | | — | | | — | | | 321,156 | | Consumer loans(2) | | 17,272 | | | 15,622 | | | — | | | — | | | 15,622 | | Bank-owned life insurance(3) | | 112,119 | | | 112,119 | | | | | 112,119 | | | — | | | Servicing assets | | 2,796 | | | 4,665 | | | — | | | — | | | 4,665 | | | Financial liabilities: | | | | | | | | | | | | Time deposits | | $ | 679,087 | | | $ | 675,713 | | | $ | — | | | $ | 675,713 | | | $ | — | | | Short-term borrowings | | 581,780 | | | 581,378 | | | — | | | 581,378 | | | — | | | Long-term borrowings | | 1,000 | | | 841 | | | — | | | 841 | | | — | | Junior subordinated debentures | | 61,515 | | | 51,401 | | | — | | | 51,401 | | | — | |
(1) Commercial real estate loan includes non-owner-occupied and owner-occupied properties. (2) The presented carrying amount is net of the allocated ACL on loans. (3) Represents a cash surrender life insurance policy recorded at the amount realized upon surrender of the policy, as a result the carrying amount approximates fair value.
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| Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value, for the dates indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | | Fair
Value | | Readily
Available
Market
Prices
(Level 1) | | Observable
Market
Data
(Level 2) | | Company
Determined
Fair Value
(Level 3) | | June 30, 2026 | | | | | | | | | | Financial assets: | | | | | | | | | | Trading securities | | $ | 4,948 | | | $ | 4,948 | | | $ | — | | | $ | — | | | AFS debt securities: | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | | 5,272 | | | — | | | 5,272 | | | — | | MBS issued or guaranteed by U.S. government-sponsored enterprises | | 663,253 | | | — | | | 663,253 | | | — | | CMO issued or guaranteed by U.S. government-sponsored enterprises | | 207,134 | | | — | | | 207,134 | | | — | | Subordinated corporate bonds | | 16,494 | | | — | | | 16,494 | | | — | | | Loans held for sale | | 13,890 | | | — | | | 13,890 | | | — | | | Customer loan swaps | | 9,522 | | | — | | | 9,522 | | | — | | | Interest rate contracts | | 9,308 | | | — | | | 9,308 | | | — | | | | | | | | | | | | Fixed rate mortgage interest rate lock commitments | | 163 | | | — | | | 163 | | | — | | | Forward delivery commitments | | 150 | | | — | | | 150 | | | — | | | Financial liabilities: | | | | | | | | | | Deferred compensation | | $ | 4,948 | | | $ | 4,948 | | | $ | — | | | $ | — | | | | | | | | | | | | Customer loan swaps | | 9,549 | | | — | | | 9,549 | | | — | | | | | | | | | | | | Interest rate contracts | | 258 | | | — | | | 258 | | | — | | | Fixed rate mortgage interest rate lock commitments | | 41 | | | — | | | 41 | | | — | | | Forward delivery commitments | | 20 | | | — | | | 20 | | | — | | | December 31, 2025 | | | | | | | | | | Financial assets: | | | | | | | | | | Trading securities | | $ | 5,747 | | | $ | 5,747 | | | $ | — | | | $ | — | | | AFS debt securities: | | | | | | | | | | | | | | | | | | | Obligations of states and political subdivisions | | 5,275 | | | — | | | 5,275 | | | — | | MBS issued or guaranteed by U.S. government-sponsored enterprises | | 684,389 | | | — | | | 684,389 | | | — | | CMO issued or guaranteed by U.S. government-sponsored enterprises | | 224,373 | | | — | | | 224,373 | | | — | | Subordinated corporate bonds | | 16,364 | | | — | | | 16,364 | | | — | | | Loans held for sale | | 15,040 | | | — | | | 15,040 | | | — | | | Customer loan swaps | | 9,087 | | | — | | | 9,087 | | | — | | | Interest rate contracts | | 8,381 | | | — | | | 8,381 | | | — | | | | | | | | | | | | | | | | | | | | | Fixed rate mortgage interest rate lock commitments | | 100 | | | — | | | 100 | | | — | | | Forward delivery commitments | | 134 | | | — | | | 134 | | | — | | | Financial liabilities: | | | | | | | | | | Deferred compensation | | $ | 5,747 | | | $ | 5,747 | | | $ | — | | | $ | — | | | Customer loan swaps | | 9,127 | | | — | | | 9,127 | | | — | | | Interest rate contracts | | 2,923 | | | — | | | 2,923 | | | — | | | | | | | | | | | | | | | | | | | | | Fixed rate mortgage interest rate lock commitments | | 20 | | | — | | | 20 | | | — | | | Forward delivery commitments | | 44 | | | — | | | 44 | | | — | |
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