v3.26.3
Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present the balance of assets and liabilities measured on a recurring basis as of September 30, 2026, and December 31, 2025.
(Dollars in thousands)Fair ValueLevel 1Level 2Level 3
September 30, 2026
Available for Sale:
U.S. Treasury Securities$19,447 $— $19,447 $— 
U.S. Government Agency Securities249 — 249 — 
Corporate Securities85,188 — 77,971 7,217 
Mortgage-Backed Securities651,655 — 651,655 — 
Municipal Securities230,165 — 210,879 19,286 
Loans Held for Sale254 — 254 — 
Interest Rate Swaps12,793 — 12,793 — 
Total assets at fair value$999,751 $— $973,248 $26,503 
Interest Rate Swaps$12,793 $— $12,793 $— 
Total liabilities at fair value$12,793 $— $12,793 $— 
December 31, 2025
Available for Sale:
U.S. Treasury Securities$17,278 $— $17,278 $— 
U.S. Government Agency Securities9,874 — 9,874 — 
Corporate Securities37,062 — 28,541 8,521 
Mortgage-Backed Securities650,091 — 650,091 — 
Municipal Securities274,924 — 251,477 23,447 
Loans Held for Sale1,094 — 1,094 — 
Interest Rate Swaps8,023 — 8,023 — 
Total assets at fair value$998,346 $— $966,378 $31,968 
Interest Rate Swaps$8,023 $— $8,023 $— 
Total liabilities at fair value$8,023 $— $8,023 $— 
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The table below provides a reconciliation for assets measured at fair value on a recurring basis using significant unobservable inputs, or Level 3 inputs, as of September 30, 2026, and December 31, 2025.
(Dollars in thousands)Municipal SecuritiesCorporate Securities
Balance at December 31, 2024$24,717 $12,500 
Unrealized Gains Included in Other Comprehensive Loss2,458 21 
Maturities, Prepayments, and Calls(3,728)— 
Transfers Out of Level 3— (4,000)
Balance at December 31, 202523,447 8,521 
Unrealized (Loss) Gains Included in Other Comprehensive Loss(639)196 
Maturities, Prepayments, and Calls(3,522)— 
Transfers Out of Level 3— (1,500)
Balance at September 30, 2026$19,286 $7,217 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The following table provides quantitative information about significant unobservable inputs used in fair value measurements of Level 3 assets measured at fair value on a recurring basis at September 30, 2026.
(Dollars in thousands)Estimated Fair ValueValuation TechniqueUnobservable InputsDiscounts
September 30, 2026
Municipal Securities$19,286 Present Value of Expected Future Cash Flow ModelLiquidity Premium1 %
Corporate Securities7,217 Present Value of Expected Future Cash Flow ModelLiquidity Premium2 %
Schedule of Fair Value Measurements, Nonrecurring
(Dollars in thousands)Fair ValueLevel 1Level 2Level 3
September 30, 2026
Assets:
Individually Evaluated Loans$28,471 $— $— $28,471 
Other Nonperforming Assets24,761 — — 24,761 
Total$53,232 $— $— $53,232 
December 31, 2025
Assets:
Individually Evaluated Loans$14,083 $— $— $14,083 
Other Nonperforming Assets13,013 — — 13,013 
Total$27,096 $— $— $27,096 
Schedule of Fair Value, by Balance Sheet Grouping
The estimated approximate fair values of the Bank’s financial instruments as of September 30, 2026, and December 31, 2025 are as follows:
(Dollars in thousands)Carrying
Amount		Total
Fair Value		Level 1Level 2Level 3
September 30, 2026
Financial Assets:
Cash and Short-Term Investments$600,775 $600,775 $600,775 $— $— 
Securities Purchased Under Agreements to Resell79,214 79,214 — 79,214 — 
Securities986,704 986,704 — 960,201 26,503 
Loans Held for Sale254 254 — 254 — 
Loans - Net6,721,292 6,651,492 — — 6,651,492 
Cash Value of BOLI140,148 140,148 — 140,148 — 
Other Equity Securities39,984 39,984 — — 39,984 
Interest Rate Swaps12,793 12,793 — 12,793 — 
Total$8,581,164 $8,511,364 $600,775 $1,192,610 $6,717,979 
Financial Liabilities:
Deposits$7,376,798 $7,366,222 $— $— $7,366,222 
Borrowings483,024 473,273 — 473,273 — 
Interest Rate Swaps12,793 12,793 — 12,793 — 
Total$7,872,615 $7,852,288 $— $486,066 $7,366,222 
(Dollars in thousands)Carrying
Amount		Total
Fair Value		Level 1Level 2Level 3
December 31, 2025
Financial Assets:
Cash and Short-Term Investments$583,568 $583,568 $583,568 $— $— 
Securities Purchased Under Agreements to Resell25,587 25,587 — 25,587 — 
Securities989,229 989,229 — 957,261 31,968 
Loans Held for Sale1,094 1,094 — 1,094 — 
Loans - Net6,135,531 6,116,333 — — 6,116,333 
Cash Value of BOLI120,292 120,292 — 120,292 — 
Other Equity Securities49,342 49,342 — — 49,342 
Interest Rate Swaps8,023 8,023 — 8,023 — 
Total$7,912,666 $7,893,468 $583,568 $1,112,257 $6,197,643 
Financial Liabilities:
Deposits$6,698,590 $6,698,181 $— $— $6,698,181 
Borrowings551,352 554,309 — 554,309 — 
Interest Rate Swaps8,023 8,023 — 8,023 — 
Total$7,257,965 $7,260,513 $— $562,332 $6,698,181