Fair Value Measurements (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Fair Value Disclosures [Abstract] |
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| Schedule of Estimated Fair Values |
Estimated fair values as of the periods indicated, whether or not recognized or recorded at fair value on a recurring basis in the Consolidated Balance Sheets, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | (In Thousands) | Carrying Amount | | Fair Value | | Carrying Amount | | Fair Value | | Financial assets: | | | | | | | | | Level 1 inputs: | | | | | | | | | Cash, due from banks and deposits in other banks | $241,830 | | | $241,830 | | | $145,906 | | | $145,906 | | | Investment securities available for sale | 276,205 | | | 276,205 | | | 206,364 | | | 206,364 | | | Marketable equity securities | 13,013 | | | 13,013 | | | 8,392 | | | 8,392 | | | | | | | | | | | Level 2 inputs: | | | | | | | | | Investment securities available for sale | 156,617 | | | 156,617 | | | 214,297 | | | 214,297 | | | Loans held for sale | 136,702 | | | 136,702 | | | 100,323 | | | 100,323 | | | Interest rate swaps | 13,666 | | | 13,666 | | | 7,999 | | | 7,999 | | Interest rate swap - junior subordinated debt | 2,089 | | | 2,089 | | | 1,437 | | | 1,437 | | Retail interest rate contracts | 389 | | 389 | | — | | | — | | | | | | | | | | | Level 3 inputs: | | | | | | | | | Investment securities held to maturity | 37,750 | | | 37,172 | | | 26,750 | | | 26,598 | | | Loans | 2,400,627 | | | 2,293,445 | | | 2,295,499 | | | 2,225,114 | | | Purchased receivables, net | 102,243 | | | 102,243 | | | 101,642 | | | 101,642 | | | Interest rate lock commitments | 900 | | | 900 | | | 923 | | | 923 | | | Mortgage servicing rights | 31,730 | | 31,730 | | 27,474 | | | 27,474 | | | Commercial servicing rights | 2,210 | | 2,210 | | 2,342 | | | 2,342 | | | | | | | | | | | Financial liabilities: | | | | | | | | | Level 2 inputs: | | | | | | | | | Time deposits | $378,355 | | | $376,548 | | | $402,759 | | | $405,317 | | | Borrowings | 12,467 | | | 9,268 | | | 12,805 | | | 10,361 | | | Interest rate swaps | 13,666 | | | 13,666 | | | 7,999 | | | 7,999 | | Retail interest rate contracts | — | | | — | | | 50 | | 50 | | | | | | | | | | Level 3 inputs: | | | | | | | | Junior subordinated debentures | 10,310 | | | 10,084 | | | 10,310 | | | 10,950 | | Subordinated debentures | 58,718 | | | 55,365 | | | 58,614 | | | 58,614 | |
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| Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis |
The following table sets forth the balances as of the periods indicated of assets and liabilities measured at fair value on a recurring basis: | | | | | | | | | | | | | | | | | | | | | | | | | (In Thousands) | Total | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | September 30, 2026 | | | | | | | | | Assets: | | | | | | | | | Available for sale securities | | | | | | | | | U.S. Treasury and government sponsored entities | $397,935 | | | $276,205 | | | $121,730 | | | $— | | | | | | | | | | | U.S. Agency mortgage-backed securities | 4,397 | | | — | | | 4,397 | | | — | | | | | | | | | | | Collateralized loan obligations | 30,490 | | | — | | | 30,490 | | | — | | | Total available for sale securities | $432,822 | | | $276,205 | | | $156,617 | | | $— | | | Marketable equity securities | $13,013 | | | $13,013 | | | $— | | | $— | | | Total marketable equity securities | $13,013 | | | $13,013 | | | $— | | | $— | | Loans held for sale | $136,702 | | | $— | | | $136,702 | | | $— | | | Interest rate swaps | 15,755 | | | — | | | 15,755 | | | — | | | Interest rate lock commitments | 900 | | | — | | | — | | | 900 | | | Mortgage servicing rights | 31,730 | | | — | | | — | | | 31,730 | | | Commercial servicing rights | 2,210 | | | — | | | — | | | 2,210 | | | Retail interest rate contracts | 389 | | | — | | | 389 | | | — | | | Total other assets | $187,686 | | | $— | | | $152,846 | | | $34,840 | | | Liabilities: | | | | | | | | | Interest rate swaps | $13,666 | | | $— | | | $13,666 | | | $— | | | | | | | | | | | Total other liabilities | $13,666 | | | $— | | | $13,666 | | | $— | | | December 31, 2025 | | | | | | | | | Assets: | | | | | | | | | Available for sale securities | | | | | | | | | U.S. Treasury and government sponsored entities | $388,737 | | | $201,412 | | | $187,325 | | | $— | | | | | | | | | | | U.S. Agency mortgage-backed securities | 4,798 | | | — | | | 4,798 | | | — | | | Corporate bonds | 4,952 | | | 4,952 | | | — | | | — | | | Collateralized loan obligations | 22,174 | | | — | | | 22,174 | | | — | | | Total available for sale securities | $420,661 | | | $206,364 | | | $214,297 | | | $— | | | Marketable equity securities | $8,392 | | | $8,392 | | | $— | | | $— | | | Total marketable securities | $8,392 | | | $8,392 | | | $— | | | $— | | Loans held for sale | $100,323 | | | $— | | | $100,323 | | | $— | | | Interest rate swaps | 9,436 | | | — | | | 9,436 | | | — | | | Interest rate lock commitments | 923 | | | — | | | — | | | 923 | | | Mortgage servicing rights | 27,474 | | | — | | | — | | | 27,474 | | | Commercial servicing rights | 2,342 | | | — | | | — | | | 2,342 | | | | | | | | | | | Total other assets | $140,498 | | | $— | | | $109,759 | | | $30,739 | | | Liabilities: | | | | | | | | | Interest rate swaps | $7,999 | | | $— | | | $7,999 | | | $— | | | Retail interest rate contracts | 50 | | | — | | | 50 | | | — | | | Total other liabilities | $8,049 | | | $— | | | $8,049 | | | $— | |
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| Fair Value, Assets Measured on Recurring Basis using Significant Unobservable Inputs |
The following tables provide a reconciliation of the assets and liabilities measured at fair value using significant unobservable inputs (Level 3) on a recurring basis during the three and nine-month periods ended September 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | (In Thousands) | Beginning balance | Change included in earnings | Purchases and issuances | Sales and settlements | Ending balance | Net change in unrealized gains (losses) relating to items held at end of period | | Three Months Ended September 30, 2026 | | | | | | | | Interest rate lock commitments | $1,519 | | ($505) | | $4,221 | | ($4,335) | | $900 | | $900 | | | Mortgage servicing rights | 28,475 | | 1,583 | | 1,672 | | — | | 31,730 | | — | | | Commercial servicing rights | 2,215 | | (8) | | 3 | | — | | 2,210 | | — | | | Total | $32,209 | | $1,070 | | $5,896 | | ($4,335) | | $34,840 | | $900 | | | Three Months Ended September 30, 2025 | | | | | | | | Interest rate lock commitments | $1,296 | | ($592) | | $4,880 | | ($4,053) | | $1,531 | | $1,531 | | | Mortgage servicing rights | 27,506 | | (1,250) | | 1,540 | | — | | 27,796 | | — | | | Commercial servicing rights | 2,400 | | (64) | | 38 | | — | | 2,374 | | — | | | Total | $31,202 | | ($1,906) | | $6,458 | | ($4,053) | | $31,701 | | $1,531 | |
| | | | | | | | | | | | | | | | | | | | | | (In Thousands) | Beginning balance | Change included in earnings | Purchases and issuances | Sales and settlements | Ending balance | Net change in unrealized gains (losses) relating to items held at end of period | | Nine Months Ended September 30, 2026 | | | | | | | | Interest rate lock commitments | $923 | | ($1,680) | | $13,814 | | ($12,157) | | $900 | | $900 | | | Mortgage servicing rights | 27,474 | | 528 | | 3,728 | | — | | 31,730 | | — | | | Commercial servicing rights | 2,342 | | (169) | | 37 | | — | | 2,210 | | — | | | Total | $30,739 | | ($1,321) | | $17,579 | | ($12,157) | | $34,840 | | $900 | | | Nine Months Ended September 30, 2025 | | | | | | | | Interest rate lock commitments | $465 | | ($1,371) | | $11,576 | | ($9,139) | | $1,531 | | $1,531 | | | Mortgage servicing rights | 26,439 | | (2,923) | | 4,280 | | — | | 27,796 | | — | | | Commercial servicing rights | 2,194 | | (257) | | 437 | | — | | 2,374 | | — | | | Total | $29,098 | | ($4,551) | | $16,293 | | ($9,139) | | $31,701 | | $1,531 | |
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| Fair Value, Assets Measured on Nonrecurring Basis |
As of and for the periods ending September 30, 2026 and December 31, 2025, except for certain assets as shown in the following table, no impairment or valuation adjustment was recognized for assets recognized at fair value on a nonrecurring basis. For loans individually measured for credit losses, the Company classifies fair value measurements using observable inputs, such as external appraisals, as Level 2 valuations in the fair value hierarchy, and unobservable inputs, such as in-house evaluations, as Level 3 valuations in the fair value hierarchy. | | | | | | | | | | | | | | | | | | | | | | | | | (In Thousands) | Total | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | September 30, 2026 | | | | | | | | | Loans individually measured for credit losses | $24,677 | | | $— | | | $— | | | $24,677 | | | | | | | | | | | | | | | | | | | Total | $24,677 | | | $— | | | $— | | | $24,677 | | | December 31, 2025 | | | | | | | | | Loans individually measured for credit losses | $2,729 | | | $— | | | $— | | | $2,729 | | | | | | | | | | | | | | | | | | | Total | $2,729 | | | $— | | | $— | | | $2,729 | |
The following table presents the (gains) losses resulting from nonrecurring fair value adjustments for the three and nine-month periods ended September 30, 2026 and 2025:
| | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | Nine Months Ended September 30, | | (In Thousands) | 2026 | | 2025 | 2026 | | 2025 | | Loans individually measured for credit losses | $9,297 | | | $1 | | $9,244 | | | $1 | | | | | | | | | | | | | | | | | Total loss from nonrecurring measurements | $9,297 | | | $1 | | $9,244 | | | $1 | |
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| Schedule of Valuation Assumptions |
The following tables provide a description of the valuation technique, unobservable input, and qualitative information about the unobservable inputs for the Company’s assets and liabilities classified as Level 3 and measured at fair value on a recurring and nonrecurring basis at September 30, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | Financial Instrument | Valuation Technique - Recurring Basis | Unobservable Input | Range of Inputs | Weighted Average | | September 30, 2026 | | | | | | | | | | | | | | | | | | | | | Interest rate lock commitment | External pricing model | Pull through rate | 81.27% - 99.93% | 93.3 | % | | Mortgage servicing rights | Discounted cash flow | Constant prepayment rate | 6.41% - 12.25% | 9.05 | % | | | Discount rate | 9.50% - 10.01% | 10.00 | % | | Commercial servicing rights | Discounted cash flow | Constant prepayment rate | 3.84% - 17.55% | 11.71 | % | | | Discount rate | 12.00 | % | 12.00 | % | | December 31, 2025 | | | | | | | | | | | | | | | | | | | | | Interest rate lock commitment | External pricing model | Pull through rate | 86.22% - 100.00% | 91.53 | % | | Mortgage servicing rights | Discounted cash flow | Constant prepayment rate | 5.88% - 20.96% | 10.01 | % | | | Discount rate | 9.50% - 11.00% | 10.97 | % | | Commercial servicing rights | Discounted cash flow | Constant prepayment rate | 3.84% - 17.55% | 11.71 | % | | | Discount rate | 12.00 | % | 12.00 | % |
| | | | | | | | | | | | | | | | Financial Instrument | Valuation Technique - Nonrecurring Basis | Unobservable Input | Range of Inputs | Weighted Average | | September 30, 2026 | | | | | | Loans individually measured for credit losses | Discounted cash flow | Discount rate | —% - 100.00% | 43.08 | % | | December 31, 2025 | | | | | | Loans individually measured for credit losses | Discounted cash flow | Discount rate | 10.00 | % | 10.00 | % |
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