| Schedule of Financial Instruments Measured at Fair Value on a Recurring and Nonrecurring Basis |
The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands)
Description of Financial Instruments | | Fair Value at June 30, 2026 | | Quoted Prices in Active Markets for Identical Assets
(Level 1) | | Significant Other
Observable Inputs
(Level 2) | | Significant
Unobservable Inputs
(Level 3) | | Recurring | | | | | | | | | | Securities available for sale: | | | | | | | | | | U.S. Treasury | | $ | 165,202 | | | $ | — | | | $ | 165,202 | | | $ | — | | | Government-sponsored enterprise securities | | 1,761 | | | — | | | 1,761 | | | — | | | Mortgage-backed securities | | 1,753,884 | | | — | | | 1,753,232 | | | 652 | | | Corporate bonds | | 18,228 | | | — | | | 17,228 | | | 1,000 | | | Total available for sale securities | | $ | 1,939,075 | | | $ | — | | | $ | 1,937,423 | | | $ | 1,652 | | | | | | | | | | | | Derivative financial assets | | $ | 1,534 | | | $ | — | | | $ | 1,534 | | | $ | — | | | | | | | | | | | | Presold mortgages in process of settlement | | $ | 12,304 | | | $ | — | | | $ | 12,304 | | | $ | — | | | | | | | | | | | | Derivative financial liabilities | | $ | 1,560 | | | $ | — | | | $ | 1,560 | | | $ | — | | | | | | | | | | | | Nonrecurring | | | | | | | | | | Individually evaluated loans | | $ | 7,522 | | | $ | — | | | $ | — | | | $ | 7,522 | | | Foreclosed real estate | | 97 | | | — | | | — | | | 97 | |
The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ in thousands)
Description of Financial Instruments | | Fair Value at December 31, 2025 | | Quoted Prices in Active Markets for Identical Assets
(Level 1) | | Significant Other
Observable Inputs
(Level 2) | | Significant
Unobservable
Inputs
(Level 3) | | Recurring | | | | | | | | | | Securities available for sale: | | | | | | | | | | US Treasury securities | | $ | 168,095 | | | $ | — | | | $ | 168,095 | | | $ | — | | | Government-sponsored enterprise securities | | 1,758 | | | — | | | 1,758 | | | — | | | Mortgage-backed securities | | 1,860,357 | | | — | | | 1,859,690 | | | 667 | | | Corporate bonds | | 18,346 | | | — | | | 17,346 | | | 1,000 | | | Total available for sale securities | | $ | 2,048,556 | | | $ | — | | | $ | 2,046,889 | | | $ | 1,667 | | | | | | | | | | | | Derivative financial assets | | $ | 3,418 | | | $ | — | | | $ | 3,418 | | | $ | — | | | | | | | | | | | | Presold mortgages in process of settlement | | $ | 7,790 | | | $ | — | | | $ | 7,790 | | | $ | — | | | | | | | | | | | | Derivative financial liabilities | | $ | 3,445 | | | $ | — | | | $ | 3,445 | | | $ | — | | | | | | | | | | | | Nonrecurring | | | | | | | | | | Individually evaluated loans | | $ | 9,659 | | | $ | — | | | $ | — | | | $ | 9,659 | | | Foreclosed real estate | | 168 | | | — | | | — | | | 168 | |
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| Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instruments |
The carrying amounts and estimated fair values of financial instruments not carried at fair value at June 30, 2026 and December 31, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | ($ in thousands) | | Level in Fair
Value
Hierarchy | | Carrying
Amount | | Estimated
Fair Value | | Carrying
Amount | | Estimated
Fair Value | | Cash and due from banks, noninterest-bearing | | Level 1 | | $ | 128,424 | | | $ | 128,424 | | | $ | 146,759 | | | $ | 146,759 | | | Due from banks, interest-bearing | | Level 1 | | 421,908 | | | 421,908 | | | 162,836 | | | 162,836 | | | Securities held to maturity | | Level 2 | | 509,712 | | | 443,298 | | | 513,099 | | | 448,452 | | | | | | | | | | | | | | Total loans, net of allowance | | Level 3 | | 8,863,854 | | | 8,585,887 | | | 8,598,838 | | | 8,259,890 | | | SBA servicing asset | | Level 3 | | 1,749 | | | 3,177 | | | 1,748 | | | 2,963 | | | | | | | | | | | | | | Demand deposits, money market and savings | | Level 1 | | 10,285,330 | | | 10,285,330 | | | 9,944,779 | | | 9,944,779 | | | Time deposits | | Level 2 | | 799,537 | | | 796,741 | | | 803,642 | | | 801,150 | | | Borrowings | | Level 2 | | 74,717 | | | 69,396 | | | 74,569 | | | 69,421 | |
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