v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following table presents the balances of financial assets measured at fair value on a recurring basis (dollars in thousands):
Fair Value Measurements Using
Financial AssetsBalancesLevel 1Level 2Level 3
As of June 30, 2026:
Available for sale securities:
U.S. government and federal agencies$652,686 $652,196 $490 $— 
Mortgage-backed securities3,517 — 3,517 — 
Corporate bonds79,358 487 78,871 — 
State and municipal securities106,774 — 106,774 — 
Total available for sale securities$842,335 $652,683 $189,652 $— 
Equity securities551 551 — — 
Total$842,886 $653,234 $189,652 $— 
As of December 31, 2025:
Available for sale securities:
U.S. government and federal agencies$438,323 $437,339 $984 $— 
Mortgage-backed securities5,327 — 5,327 — 
Corporate bonds62,908 489 62,419 — 
State and municipal securities102,246 — 102,246 — 
Total available for sale securities$608,804 $437,828 $170,976 $— 
Equity securities547 547 — — 
Total$609,351 $438,375 $170,976 $— 
Schedule of Fair Value, by Balance Sheet Grouping
The following tables present the carrying value and estimated fair value including the level within the fair value hierarchy of the Company’s financial instruments as of June 30, 2026 and December 31, 2025 (dollars in thousands):
Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
Level 1Level 2Level 3
As of June 30, 2026:
Financial assets:
Cash and cash equivalents$821,766 $821,766 $— $— $821,766 
Securities available for sale842,335 652,683 189,652 — 842,335 
Securities held to maturity, net224,223 73,742 138,685 — 212,427 
Equity securities551 551 — — 551 
Restricted securities3,759 — 3,759 — 3,759 
Loans, net270,571 — — 265,952 265,952 
Accrued interest receivable8,628 — 8,628 — 8,628 
Financial liabilities:
Time deposits7,479 — — 7,436 7,436 
Accrued interest payable54 — 54 — 54 
Carrying
Amount		Fair Value Measurements UsingTotal
Fair Value
Level 1Level 2Level 3
As of December 31, 2025:
Financial assets:
Cash and cash equivalents$586,630 $586,630 $— $— $586,630 
Securities available for sale608,804 437,828 170,976 — 608,804 
Securities held to maturity, net256,510 85,681 159,595 — 245,276 
Equity securities547 547 — — 547 
Restricted securities3,383 — 3,383 — 3,383 
Loans, net270,663 — — 265,971 265,971 
Accrued interest receivable7,108 — 7,108 — 7,108 
Financial liabilities:
Time deposits9,233 — — 9,204 9,204 
Accrued interest payable32 — 32 — 32