v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis
The following tables summarize assets and liabilities measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025 by level within the fair value hierarchy:
June 30, 2026
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Debt securities available-for-sale:
U.S. Treasury$— $75,580 $— $75,580 
U.S. government agency— 131,371 — 131,371 
Municipal— 204,577 — 204,577 
Mortgage-backed:
Agency residential— 476,507 — 476,507 
Agency commercial— 138,268 — 138,268 
Corporate— 59,605 — 59,605 
Equity securities with readily determinable fair values3,546 — — 3,546 
Mortgage servicing rights— — 19,339 19,339 
Derivative financial assets— 2,801 — 2,801 
Derivative financial liabilities— 3,997 — 3,997 
December 31, 2025
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Debt securities available-for-sale:
U.S. Treasury$— $85,544 $— $85,544 
U.S. government agency— 41,422 — 41,422 
Municipal— 140,270 — 140,270 
Mortgage-backed:
Agency residential— 360,795 — 360,795 
Agency commercial— 119,937 — 119,937 
Corporate— 65,133 — 65,133 
Equity securities with readily determinable fair values3,322 — — 3,322 
Mortgage servicing rights— — 16,944 16,944 
Derivative financial assets— 2,990 — 2,990 
Derivative financial liabilities— 3,000 — 3,000 
Schedule of Additional Information About the Unobservable Inputs Used in Fair Value Measurement of Mortgage Servicing Rights
The following tables present additional information about the unobservable inputs used in the fair value measurement of the mortgage servicing rights (dollars in thousands):
June 30, 2026Fair ValueValuation TechniqueUnobservable InputsRange
(Weighted Average)
Mortgage servicing rights$19,339 Discounted cash flowsConstant pre-payment rates (CPR)
4.5% to 91.7% (7.7%)
Discount rate
9.0% to 18.0% (10.4%)
December 31, 2025Fair ValueValuation TechniqueUnobservable InputsRange
(Weighted Average)
Mortgage servicing rights$16,944 Discounted cash flowsConstant pre-payment rates (CPR)
4.9% to 94.3% (8.1%)
Discount rate
9.0% to 11.0% (9.6%)
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis
The following tables summarize assets measured at fair value on a nonrecurring basis as of June 30, 2026 and December 31, 2025 by level within the fair value hierarchy:
June 30, 2026
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Loans held for sale$— $3,857 $— $3,857 
Collateral-dependent loans— — 24,795 24,795 
Bank premises held for sale— — 337 337 
Foreclosed assets— — 766 766 
December 31, 2025
(dollars in thousands)Level 1
Inputs		Level 2
Inputs		Level 3
Inputs		Total
Fair Value
Loans held for sale$— $1,263 $— $1,263 
Collateral-dependent loans— — 23,196 23,196 
Foreclosed assets— — 1,126 1,126 
Schedule of Quantitative Information About the Unobservable Inputs Used in Non-Recurring Level 3 Fair Value Measurements
The following tables present quantitative information about unobservable inputs used in nonrecurring Level 3 fair value measurements (dollars in thousands):
June 30, 2026Fair ValueValuation
Technique		Unobservable InputsRange
(Weighted Average)
Collateral-dependent loans$24,795 Appraisal of collateralAppraisal adjustmentsNot meaningful
Bank premises held for sale337 AppraisalAppraisal adjustments
7% (7%)
Foreclosed assets766 AppraisalAppraisal adjustments
7% (7%)
December 31, 2025
Fair Value
Valuation Technique
Unobservable Inputs
Range
(Weighted Average)
Collateral-dependent loans$23,196 Appraisal of collateralAppraisal adjustmentsNot meaningful
Foreclosed assets1,126 AppraisalAppraisal adjustments
7% (7%)
Schedule of Information on the Carrying Amounts and Estimated Fair Values of the Company's Financial Instruments
The following table provides summary information on the carrying amounts and estimated fair values of the Company’s other financial instruments:
(dollars in thousands)Fair Value
Hierarchy
Level		June 30, 2026December 31, 2025
Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value
Financial assets:
Cash and cash equivalentsLevel 1$132,250 $132,250 $122,269 $122,269 
Debt securities held-to-maturityLevel 2443,042 408,474 458,746 426,799 
Restricted stockLevel 36,000 6,000 4,979 4,979 
Loans, netLevel 34,691,854 4,647,315 3,414,519 3,379,845 
Investments in unconsolidated subsidiariesLevel 31,614 1,614 1,614 1,614 
Accrued interest receivableLevel 235,082 35,082 23,779 23,779 
Financial liabilities:
Time depositsLevel 31,226,142 1,218,647 762,487 759,589 
FHLB advancesLevel 312,363 11,575 12,301 11,465 
Subordinated notesLevel 384,026 85,254 — — 
Junior subordinated debenturesLevel 352,939 51,797 52,909 51,696 
Accrued interest payableLevel 29,323 9,323 3,813 3,813