v3.26.3
Fair Value Measurements
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements FAIR VALUE MEASUREMENTS
The following tables summarize financial instruments measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value:
 
September 30, 2026
($ in thousands)Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total Fair
Value
Assets
Securities available-for-sale
Obligations of U.S. Government-sponsored enterprises$— $134,581 $— $134,581 
Obligations of states and political subdivisions— 526,154 — 526,154 
Agency mortgage-backed securities— 1,919,481 — 1,919,481 
U.S. Treasury bills— 131,308 — 131,308 
Corporate debt securities— 19,072 — 19,072 
Total securities available-for-sale— 2,730,596 — 2,730,596 
Other investments— 3,109 — 3,109 
Derivative financial instruments— 15,364 — 15,364 
Total assets$— $2,749,069 $— $2,749,069 
Liabilities
Derivative financial instruments$— $32,896 $— $32,896 
Total liabilities$— $32,896 $— $32,896 

December 31, 2025
($ in thousands)Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)		Total Fair
Value
Assets
Securities available-for-sale
Obligations of U.S. Government-sponsored enterprises$— $182,572 $— $182,572 
Obligations of states and political subdivisions— 572,705 — 572,705 
Agency mortgage-backed securities— 1,709,311 — 1,709,311 
U.S. Treasury bills— 170,984 — 170,984 
Corporate debt securities— 19,463 — 19,463 
Total securities available-for-sale— 2,655,035 — 2,655,035 
Other investments— 3,148 — 3,148 
Derivative financial instruments— 12,484 — 12,484 
Total assets$— $2,670,667 $— $2,670,667 
Liabilities
Derivative financial instruments$— $10,114 $— $10,114 
Total liabilities$— $10,114 $— $10,114 
From time to time, the Company measures certain assets at fair value on a nonrecurring basis. These include assets measured at the lower of cost or fair value that were recognized at fair value below cost at the end of the period. The following tables present financial instruments and non-financial assets still held as of the reporting date measured at fair value on a non-recurring basis:

September 30, 2026
($ in thousands)Total Fair ValueQuoted Prices in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Individually-evaluated loans$654 $— $— $654 
OREO32,582 — — 32,582 
Total$33,236 $— $— $33,236 
December 31, 2025
($ in thousands)Total Fair ValueQuoted Prices in Active
Markets for
Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Individually-evaluated loans$2,200 $— $— $2,200 
OREO81,544 — — 81,544 
Total$83,744 $— $— $83,744 

The following table is a summary of the carrying amounts and fair values of the Company’s financial instruments as of the dates presented:
September 30, 2026December 31, 2025
($ in thousands)Carrying AmountEstimated fair valueLevelCarrying AmountEstimated fair valueLevel
Balance sheet assets
Securities held-to-maturity, net$1,030,084 $913,984 Level 2$1,074,957 $1,039,814 Level 2
Other investments117,555 117,555 Level 277,737 77,737 Level 2
Loans held-for-sale202 202 Level 2928 928 Level 2
Loans, net12,200,186 12,140,459 Level 311,660,316 11,622,939 Level 3
State tax credits, held-for-sale10,422 11,058 Level 311,141 11,904 Level 3
Servicing asset2,840 4,969 Level 23,021 4,733 Level 2
Balance sheet liabilities
Certificates of deposit$1,695,184 $1,687,123 Level 3$1,669,383 $1,665,449 Level 3
Subordinated debentures and notes258,409 254,763 Level 293,688 92,093 Level 2
FHLB advances64,000 64,000 Level 2— — Level 2
Other borrowings179,532 156,034 Level 2387,717 364,901 Level 2

For information regarding the methods and assumptions used to estimate the fair value of each class of financial instruments refer to Note 17 – Fair Value Measurements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC.