v3.26.3
FAIR VALUE DISCLOSURES (Tables)
 9 Months Ended
Sep. 30, 2026
FAIR VALUE DISCLOSURES [Abstract]  
Assets (Liabilities) Measured at Fair Value on Recurring and Non-Recurring Basis
The following table summarizes fair value measurements as of the dates indicated below (dollars in thousands):
 
                
   Level 1    Level 2    Level 3    Total 
September 30, 2026               
Assets (liabilities) measured at fair value on a recurring basis:               
Securities available for sale:               
State and municipal$-  $158,825  $-  $158,825 
Residential mortgage-backed securities -   229,000   -   229,000 
Commercial mortgage-backed securities -   47,341   -   47,341 
Commercial collateralized mortgage obligations -   66,100   -   66,100 
Asset-backed and other amortizing securities -   11,298   -   11,298 
Other securities -   5,783   -   5,783 
Loans held for sale (mandatory) -   7,980   -   7,980 
Mortgage servicing rights -   -   27,616   27,616 
Asset derivatives 
-
   
11,162
   
-
   
11,162
 
Liability derivatives 
-
   
(129
)   
-
   
(129
) 
                
Assets measured at fair value on a non-recurring basis:               
Loans held for investment -   -   10,319   10,319 
                
December 31, 2025               
Assets (liabilities) measured at fair value on a recurring basis:               
Securities available for sale:               
State and municipal$-  $176,305  $-  $176,305 
Residential mortgage-backed securities -   260,760   -   260,760 
Commercial mortgage-backed securities -   44,786   -   44,786 
Commercial collateralized mortgage obligations -   67,597   -   67,597 
Asset-backed and other amortizing securities -   13,132   -   13,132 
Other securities -   4,960   -   4,960 
Loans held for sale (mandatory) -   7,796   -   7,796 
Mortgage servicing rights -   -   24,041   24,041 
Asset derivatives 
-
   
9,970
   
-
   
9,970
 
Liability derivatives 
-
   
(65
)   
-
   
(65
) 
                
Assets measured at fair value on a non-recurring basis:               
Loans held for investment -   -   5,515   5,515 
Quantitative Information about Recurring and Non-Recurring Level 3 Fair Value Measurements
The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at the dates indicated (dollars in thousands):
 
            
   Fair
Value
 Valuation  
Techniques		 Unobservable 
Inputs		  Range of
Discounts		 
September 30, 2026           
Non-recurring:           
Loans held for investment $10,319 Third party appraisals or inspections Collateral discounts and selling costs  20% to 55% 
Recurring:           
Mortgage servicing rights  27,616 Discounted cash flows Constant prepayment rate  6.04%
       Discount rate  10.23%
            
December 31, 2025           
Non-recurring:           
Loans held for investment $5,515 Third party appraisals or inspections Collateral discounts and selling costs  20% to 60% 
Recurring:           
Mortgage servicing rights  24,041 Discounted cash flows Constant prepayment rate  8.81%
       Discount rate  9.70%
Estimated Fair Values, and Related Carrying Amounts of Financial Instruments
The estimated fair values, and related carrying amounts, of the Company’s financial instruments that are not previously disclosed in the recurring fair values section are as follows (dollars in thousands):
 
                    
  Carrying
Amount		    Level 1    Level 2    Level 3   Total 
Fair Value		 
September 30, 2026                   
Financial assets:                   
Cash and cash equivalents$776,735  $776,735  $-  $-  $776,735 
Loans held for investment, net 3,778,370   -   -   3,747,461   3,747,461 
Loans held for sale (best efforts) 2,471   -   2,521   -   2,521 
Accrued interest receivable 20,711   -   20,711   -   20,711 
Financial liabilities:                   
Deposits 4,660,691   -   4,660,204   -   4,660,204 
Accrued interest payable 5,450   -   5,450   -   5,450 
Junior subordinated deferrable interest debentures 46,393   -   36,346   -   36,346 
Subordinated debt 14,100   -   13,113   -   13,113 
                    
December 31, 2025                   
Financial assets:                   
Cash and cash equivalents$552,439  $552,439  $-  $-  $552,439 
Loans held for investment, net 3,099,371   -   -   3,082,072   3,082,072 
Loans held for sale (best efforts) 2,197   -   2,237   -   2,237 
Accrued interest receivable 20,931   -   20,931   -   20,931 
Financial liabilities:                   
Deposits 3,874,077   -   3,873,806   -   3,873,806 
Accrued interest payable 5,014   -   5,014   -   5,014 
Junior subordinated deferrable interest debentures 46,393   -   35,213   -   35,213 
Subordinated debt 14,100   -   13,907   -   13,907