v3.26.1
Fair Value Measurements and Disclosures (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated:
June 30, 2026
(dollars in thousands)TotalLevel 1Level 2Level 3
Assets
Securities available for sale:
U.S. asset backed securities$21,404 $— $21,404 $— 
U.S. government agency MBS24,792 — 24,792 — 
U.S. government agency CMO69,052 — 69,052 — 
State and municipal securities39,955 — 39,955 — 
U.S. Treasuries16,209 16,209 — — 
Non-U.S. government agency CMO13,148 — 13,148 
Corporate bonds15,992 — 15,992 — 
Equity investments2,146 — 2,146 — 
Mortgage loans held for sale54,898 — 54,898 — 
Mortgage loans held for investment13,619 — 13,619 — 
Interest rate lock commitments308 — — 308 
Forward commitments4 — 4 — 
Customer derivatives - interest rate swaps1,528 — 1,528 — 
Fair Value Hedge15 — 15 — 
Total$273,070 $16,209 $256,553 $308 
Liabilities
Interest rate lock commitments$108 $— $— $108 
Forward commitments59 — 59 — 
Customer derivatives - interest rate swaps1,535 — 1,535 — 
Customer derivatives - Risk Participation Agreements25 — 25 — 
Interest rate swaps36 — 36 — 
Total$1,763 $— $1,655 $108 

December 31, 2025
(dollars in thousands)TotalLevel 1Level 2Level 3
Assets
Securities available for sale:
U.S. asset backed securities$26,217 $— $26,217 $— 
U.S. government agency MBS22,351 — 22,351 — 
U.S. government agency CMO66,131 — 66,131 — 
State and municipal securities40,032 — 40,032 — 
U.S. Treasuries16,206 16,206 — — 
Non-U.S. government agency CMO8,606 — 8,606 — 
Corporate bonds13,914 — 13,914 — 
Equity investments2,166 — 2,166 — 
Mortgage loans held for sale33,762 — 33,762 — 
Mortgage loans held for investment14,396 — 14,396 — 
Interest rate lock commitments402 — — 402 
Customer derivatives - interest rate swaps1,909 — 1,909 — 
Fair Value Hedge21 — 21 — 
Total$246,112 $16,206 $229,504 $402 
Liabilities
Interest rate lock commitments$13 $— $— $13 
Forward commitments32 — 32 — 
Customer derivatives - interest rate swaps1,929 — 1,929 — 
Customer derivatives - Risk Participation Agreements23 — 23 — 
Interest rate swaps281 — 281 — 
Total$2,278 $— $2,265 $13 
Schedule of Financial Assets Measured at Fair Value on Non-recurring Basis
The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated:
(dollars in thousands)June 30,
2026		December 31,
2025
SBA loan servicing rights3,551 3,846 
OREO and other repossessed assets6,081 5,997 
Individually evaluated loans (1)
       Construction2,4344,430
Small business loans3,5313,745
Total$15,597 $18,018 
(1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral.
Schedule of Measurement Inputs
The following table details the valuation techniques for Level 3 assets.

(dollars in thousands)June 30, 2026
Financial InstrumentFair ValueValuation TechniqueUnobservable InputRange of InputsWeighted Average
OREO and other repossessed assets$6,081 Appraisal of collateralCosts to sell
6% - 13% discount
10%
Individually evaluated loans5,965 Appraisal of collateralCosts to sell
8%-54% discount
26%

(dollars in thousands)December 31, 2025
Financial InstrumentFair ValueValuation TechniqueUnobservable InputRange of InputsWeighted Average
OREO and other repossessed assets$5,997 Appraisal of collateralCosts to sell
6% - 13% discount
10%
Individually evaluated loans8,175 Appraisal of collateralCosts to sell
2%-48% discount
24%
The following table details the valuation techniques for Level 3 interest rate lock commitments.
(dollars in thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
June 30, 2026$200 Market comparable pricingPull through
1 - 99%
89.51%
December 31, 2025389 Market comparable pricingPull through
1 - 99%
85.31%
Schedule of Estimated Fair Values of Financial Instruments
The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated:
Fair Value
Hierarchy Level		June 30, 2026December 31, 2025
(dollars in thousands)Carrying
amount		Fair valueCarrying
amount		Fair value
Financial assets:
Cash and cash equivalentsLevel 1$36,207 $36,207 $35,778 $35,778 
Mortgage loans held for saleLevel 254,898 54,898 33,762 33,762 
Loans and other finance receivables, net of ACLLevel 32,142,896 2,070,883 2,134,630 2,108,242 
Mortgage loans held for investmentLevel 213,619 13,619 14,396 14,396 
Financial liabilities:
DepositsLevel 2$2,194,438 $2,205,800 $2,158,128 $2,179,800 
BorrowingsLevel 2108,032 108,200 117,338 117,700 
Subordinated debenturesLevel 249,705 49,599 49,853 49,597 
Schedule of Level 3 Inputs Reconciliation
The following table includes a rollforward of interest rate lock commitments for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the periods indicated.
Three months ended
June 30,		Six months ended
June 30,
(dollars in thousands)2026202520262025
Balance at beginning of the period$186 $283 $389 $181 
Change in value14 24 (189)126 
Balance at end of the period$200 $307 $200 $307