Securities (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Securities |
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| Schedule of amortized cost and fair value of investments classified as available-for-sale |
| | | | | | | | | | | | | | | June 30, 2026 | | | Amortized | | Unrealized | | Unrealized | | | | (Dollar amounts in thousands) | | Cost | | Gains | | Losses | | Fair Value | U.S. Government agencies | | $ | 99,213 | | $ | 42 | | $ | (8,004) | | $ | 91,251 | Mortgage Backed Securities - residential | | | 570,584 | | | 203 | | | (61,392) | | | 509,395 | Mortgage Backed Securities - commercial | | | 12,607 | | | — | | | (529) | | | 12,078 | Collateralized mortgage obligations | | | 176,150 | | | 32 | | | (23,657) | | | 152,525 | State and municipal obligations | | | 403,478 | | | 1,716 | | | (23,206) | | | 381,988 | Municipal taxable | | | 20,068 | | | 38 | | | (2,040) | | | 18,066 | Collateralized debt obligations | | | 248 | | | 2,651 | | | — | | | 2,899 | TOTAL | | $ | 1,282,348 | | $ | 4,682 | | $ | (118,828) | | $ | 1,168,202 |
| | | | | | | | | | | | | | | December 31, 2025 | | | Amortized | | Unrealized | | Unrealized | | | | (Dollar amounts in thousands) | | Cost | | Gains | | Losses | | Fair Value | U.S. Government agencies | | $ | 91,945 | | $ | 114 | | $ | (7,749) | | $ | 84,310 | Mortgage Backed Securities-residential | | | 573,002 | | | 873 | | | (58,456) | | | 515,419 | Mortgage Backed Securities-commercial | | | 12,712 | | | 2 | | | (328) | | | 12,386 | Collateralized mortgage obligations | | | 179,638 | | | 82 | | | (21,622) | | | 158,098 | State and municipal obligations | | | 379,894 | | | 1,280 | | | (23,456) | | | 357,718 | Municipal taxable | | | 20,554 | | | 84 | | | (1,893) | | | 18,745 | Collateralized debt obligations | | | — | | | 2,850 | | | — | | | 2,850 | TOTAL | | $ | 1,257,745 | | $ | 5,285 | | $ | (113,504) | | $ | 1,149,526 |
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| Schedule of contractual maturities of debt securities |
| | | | | | | | | Available-for-Sale | | | Amortized | | Fair | (Dollar amounts in thousands) | | Cost | | Value | Due in one year or less | | $ | 6,313 | | $ | 6,288 | Due after one but within five years | | | 32,338 | | | 31,817 | Due after five but within ten years | | | 128,429 | | | 125,430 | Due after ten years | | | 355,927 | | | 330,669 | | | | 523,007 | | | 494,204 | Mortgage-backed securities and collateralized mortgage obligations | | | 759,341 | | | 673,998 | TOTAL | | $ | 1,282,348 | | $ | 1,168,202 |
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| Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position |
| | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Less Than 12 Months | | More Than 12 Months | | Total | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | (Dollar amounts in thousands) | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | U.S. Government agencies | | $ | 29,897 | | $ | (455) | | $ | 54,258 | | $ | (7,549) | | $ | 84,155 | | $ | (8,004) | Mortgage Backed Securities - Residential | | | 86,927 | | | (1,268) | | | 400,334 | | | (60,124) | | | 487,261 | | | (61,392) | Mortgage Backed Securities - Commercial | | | 1,046 | | | — | | | 10,828 | | | (529) | | | 11,874 | | | (529) | Collateralized mortgage obligations | | | 29,493 | | | (598) | | | 119,729 | | | (23,059) | | | 149,222 | | | (23,657) | State and municipal obligations | | | 60,265 | | | (419) | | | 159,926 | | | (22,787) | | | 220,191 | | | (23,206) | Municipal taxable | | | 888 | | | (7) | | | 13,732 | | | (2,033) | | | 14,620 | | | (2,040) | Collateralized debt obligations | | | 248 | | | — | | | — | | | — | | | 248 | | | — | Total temporarily impaired securities | | $ | 208,764 | | $ | (2,747) | | $ | 758,807 | | $ | (116,081) | | $ | 967,571 | | $ | (118,828) |
| | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | | Less Than 12 Months | | More Than 12 Months | | Total | | | | | | Unrealized | | | | | Unrealized | | | | | Unrealized | (Dollar amounts in thousands) | | Fair Value | | Losses | | Fair Value | | Losses | | Fair Value | | Losses | U.S. Government agencies | | $ | 7,137 | | $ | (31) | | $ | 59,562 | | $ | (7,718) | | $ | 66,699 | | $ | (7,749) | Mortgage Backed Securities - Residential | | | 11,961 | | | (29) | | | 427,877 | | | (58,427) | | | 439,838 | | | (58,456) | Mortgage Backed Securities - Commercial | | | — | | | — | | | 11,114 | | | (328) | | | 11,114 | | | (328) | Collateralized mortgage obligations | | | 4,381 | | | (43) | | | 135,393 | | | (21,579) | | | 139,774 | | | (21,622) | State and municipal obligations | | | 23,889 | | | (86) | | | 204,976 | | | (23,370) | | | 228,865 | | | (23,456) | Municipal taxable | | | — | | | — | | | 13,876 | | | (1,893) | | | 13,876 | | | (1,893) | Total temporarily impaired securities | | $ | 47,368 | | $ | (189) | | $ | 852,798 | | $ | (113,315) | | $ | 900,166 | | $ | (113,504) |
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| Schedule of credit losses recognized in earnings |
| | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (Dollar amounts in thousands) | | 2026 | | 2025 | | 2026 | | 2025 | | Beginning balance | | $ | 2,675 | | $ | 2,974 | | $ | 2,974 | | $ | 2,974 | | Recoveries of amounts previously written off | | | — | | | — | | | (299) | | | — | | Ending balance | | $ | 2,675 | | $ | 2,974 | | $ | 2,675 | | $ | 2,974 | |
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