Fair Value (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of assets and liabilities measured at fair value


		September 30, 2026
		Fair Value Measurements Using:
			Quoted Prices in Active Markets for Identical Assets			Significant Other Observable Inputs			Significant Unobservable Inputs
(Dollar amounts in thousands)		Level 1			Level 2			Level 3			Total
U.S. Government agencies		$	—		$	89,447		$	—		$	89,447
Mortgage Backed Securities-residential			—			484,721			—			484,721
Mortgage Backed Securities-commercial			—			11,503			—			11,503
Collateralized mortgage obligations			—			143,205			—			143,205
State and municipal			—			355,298			—			355,298
Municipal taxable			—			17,558			—			17,558
Collateralized debt obligations			—			235			2,661			2,896
TOTAL		$	—		$	1,101,967		$	2,661		$	1,104,628
Derivative Assets						3,505
Derivative Liabilities						(3,505)


		December 31, 2025
		Fair Value Measurements Using:
			Quoted Prices in Active Markets for Identical Assets			Significant Other Observable Inputs			Significant Unobservable Inputs
(Dollar amounts in thousands)		Level 1			Level 2			Level 3			Total
U.S. Government agencies		$	—		$	84,310		$	—		$	84,310
Mortgage Backed Securities-residential			—			515,419			—			515,419
Mortgage Backed Securities-commercial			—			12,386			—			12,386
Collateralized mortgage obligations			—			158,098			—			158,098
State and municipal			—			357,718			—			357,718
Municipal taxable			—			18,745			—			18,745
Collateralized debt obligations			—			—			2,850			2,850
TOTAL		$	—		$	1,146,676		$	2,850		$	1,149,526
Derivative Assets						2,709
Derivative Liabilities						(2,709)

Schedule of fair value measurements using significant unobservable inputs


		Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Three Months Ended
		September 30, 2026
		State and
		municipal			Collateralized
(Dollar amounts in thousands)		obligations			debt obligations			Total
Beginning balance, July 1		$	—		$	2,651		$	2,651
Total realized/unrealized gains or losses
Included in earnings			—			—			—
Included in other comprehensive income			—			10			10
Transfers			—			—			—
Settlements			—			—			—
Ending balance, September 30		$	—		$	2,661		$	2,661


		Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Nine Months Ended
		September 30, 2026
		State and
		municipal			Collateralized
(Dollar amounts in thousands)		obligations			debt obligations			Total
Beginning balance, January 1		$	—		$	2,850		$	2,850
Total realized/unrealized gains or losses
Included in earnings			—			—			—
Included in other comprehensive income			—			(189)			(189)
Transfers			—			—			—
Settlements			—			—			—
Ending balance, September 30		$	—		$	2,661		$	2,661


		Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Year Ended
		December 31, 2025
		State and
		municipal			Collateralized
(Dollar amounts in thousands)		obligations			debt obligations			Total
Beginning balance, January 1		$	805		$	2,896		$	3,701
Total realized/unrealized gains or losses
Included in earnings			—			—			—
Included in other comprehensive income			—			(46)			(46)
Purchases			—			—			—
Settlements			(805)			—			(805)
Ending balance, December 31		$	—		$	2,850		$	2,850

Schedule of quantitative information about recurring and non-recurring Level 3

The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at September 30, 2026.


(Dollar amounts in thousands)		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range
Collateralized debt obligations		$	2,661		Discounted cash flow		Discount rate		5.71	%
Collateral dependent loans		$	14,561		Discounted cash flow		Discount rate for age of appraisal and market conditions		10.00%-100.00	%

The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at December 31, 2025.


(Dollar amounts in thousands)		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range
Collateralized debt obligations		$	2,850		Discounted cash flow		Discount rate		5.96	%
Collateral dependent loans			7,328		Discounted cash flow		Discount rate for age of appraisal and market conditions		10.00%-100.00	%

Schedule of carrying amount and estimated fair value of financial instruments


		September 30, 2026
		Carrying			Fair Value
(Dollar amounts in thousands)		Value			Level 1			Level 2			Level 3			Total
Cash and due from banks		$	92,497		$	34,855		$	57,642		$	—		$	92,497
Federal funds sold			667			—			667			—			667
Securities available-for-sale			1,104,628			—			1,101,967			2,661			1,104,628
Restricted stock			23,579			n/a			n/a			n/a			n/a
Loans, net			4,362,083			—			—			4,238,703			4,238,703
Accrued interest receivable			28,797			—			7,208			21,589			28,797
Deposits			(4,865,297)			—			(4,861,864)			—			(4,861,864)
Short-term borrowings			(203,472)			—			(203,472)			—			(203,472)
Other borrowings			(262,348)			—			(262,348)			—			(262,348)
Accrued interest payable			(3,317)			—			(3,317)			—			(3,317)


		December 31, 2025
		Carrying			Fair Value
(Dollar amounts in thousands)		Value			Level 1			Level 2			Level 3			Total
Cash and due from banks		$	130,369		$	38,587		$	91,782		$	—		$	130,369
Federal funds sold			475			—			475			—			475
Securities available-for-sale			1,149,526			—			1,146,676			2,850			1,149,526
Restricted stock			18,536			n/a			n/a			n/a			n/a
Loans, net			4,007,308			—			—			3,949,043			3,949,043
Accrued interest receivable			27,762			—			6,482			21,280			27,762
Deposits			(4,551,111)			—			(4,554,207)			—			(4,554,207)
Short-term borrowings			(292,468)			—			(292,468)			—			(292,468)
Other borrowings			(188,208)			—			(188,208)			—			(188,208)
Accrued interest payable			(3,084)			—			(3,084)			—			(3,084)

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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