v3.26.3
Fair Value Measurement (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of fair value measurement on recurring and nonrecurring basis segregated by level of valuation inputs within fair value hierarchy utilized to measure fair value
The following tables summarize assets measured at fair value on a recurring and nonrecurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value (in thousands):
Fair Value Measurements at the End of the Reporting Period Using
September 30, 2026
Carrying
Amount
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Recurring fair value measurements
Investment securities:
State and political subdivisions$157,958 $— $157,958 $— 
Corporate bonds and other43,223 — 43,223 — 
MBS: (1)
Residential1,422,318 — 1,422,318 — 
Equity investments:
Equity investments5,168 5,168 — — 
Derivative assets:
Interest rate swaps50,977 — 50,977 — 
Total asset recurring fair value measurements$1,679,644 $5,168 $1,674,476 $— 
Derivative liabilities:
Interest rate swaps$36,882 $— $36,882 $— 
Total liability recurring fair value measurements$36,882 $— $36,882 $— 
Nonrecurring fair value measurements
Foreclosed assets$331 $— $— $331 
Collateral-dependent loans (2)
11,563 — — 11,563 
Total asset nonrecurring fair value measurements$11,894 $— $— $11,894 
Fair Value Measurements at the End of the Reporting Period Using
December 31, 2025
Carrying
Amount
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Recurring fair value measurements
Investment securities:
State and political subdivisions$176,636 $— $176,636 $— 
Corporate bonds and other18,021 — 18,021 — 
MBS: (1)
Residential1,259,268 — 1,259,268 — 
Commercial2,294 — 2,294 — 
Equity investments:
Equity investments5,426 5,426 — — 
Derivative assets:
Interest rate swaps24,152 — 24,152 — 
Total asset recurring fair value measurements$1,485,797 $5,426 $1,480,371 $— 
Derivative liabilities:
Interest rate swaps$24,114 $— $24,114 $— 
Total liability recurring fair value measurements$24,114 $— $24,114 $— 
Nonrecurring fair value measurements
Foreclosed assets$248 $— $— $248 
Collateral-dependent loans (2)
37,200 — — 37,200 
Total asset nonrecurring fair value measurements$37,448 $— $— $37,448 
(1)All MBS are issued and/or guaranteed by U.S. government agencies or U.S. GSEs.
(2)Consists of individually evaluated loans. Loans for which the fair value of the collateral and commercial real estate fair value of the properties is less than cost basis are presented net of allowance. Losses on these loans represent charge-offs which are netted against the allowance for loan losses.
Financial assets, financial liabilities, and unrecognized financial instruments at carrying amount and fair value
The following tables present our financial assets and financial liabilities measured on a nonrecurring basis at both their respective carrying amounts and estimated fair value (in thousands):
Estimated Fair Value
September 30, 2026Carrying
Amount		TotalLevel 1Level 2Level 3
Financial assets:
Cash and cash equivalents$436,385 $436,385 $436,385 $— $— 
Investment securities:
HTM, at net carrying value1,128,053 891,270 — 891,270 — 
MBS:
HTM, at carrying value79,442 70,128 — 70,128 — 
FHLB stock, at cost 43,659 43,659 — 43,659 — 
Equity investments4,169 4,169 — 4,169 — 
Loans, net of allowance for loan losses4,911,831 4,805,509 — — 4,805,509 
Loans held for sale969 969 — 969 — 
Financial liabilities:
Deposits$6,013,787 $6,010,430 $— $6,010,430 $— 
Other borrowings894,605 890,016 — 890,016 — 
FHLB borrowings800,750 799,090 — 799,090 — 
Subordinated notes, net of unamortized debt issuance costs147,635 150,137 — 150,137 — 
Trust preferred subordinated debentures, net of unamortized debt issuance costs60,283 60,016 — 60,016 — 
Estimated Fair Value
December 31, 2025Carrying
Amount		TotalLevel 1Level 2Level 3
Financial assets:
Cash and cash equivalents$389,786 $389,786 $389,786 $— $— 
Investment securities:
HTM, at net carrying value1,141,570 1,003,373 — 1,003,373 — 
MBS:
HTM, at carrying value105,907 99,931 — 99,931 — 
FHLB stock, at cost 14,062 14,062 — 14,062 — 
Equity investments4,148 4,148 — 4,148 — 
Loans, net of allowance for loan losses4,772,891 4,700,476 — — 4,700,476 
Loans held for sale1,332 1,332 — 1,332 — 
Financial liabilities:
Deposits$6,865,159 $6,865,692 $— $6,865,692 $— 
Other borrowings208,657 208,635 — 208,635 — 
FHLB borrowings211,136 210,859 — 210,859 — 
Subordinated notes, net of unamortized debt issuance costs239,678 243,304 — 243,304 — 
Trust preferred subordinated debentures, net of unamortized debt issuance costs60,279 57,710 — 57,710 —