| Assets and liabilities measured at fair value on a recurring basis |
The following table represents assets and liabilities reported on the consolidated balance sheets at their fair value on a recurring basis as of September 30, 2026 by level within the fair value measurement hierarchy: | | | | | | | | | | | | | | | | | | | Fair Value Measurements at | | | | | | | Reporting Date Using | | | | | | | (in Thousands) | | | | | | | Quoted | | | | | | | | | | | | | Prices in | | | | | | | | | | | | | Active | | Significant | | | | | | | Assets/Liabilities | | Markets for | | Other | | Significant | | | | Measured at | | Identical | | Observable | | Unobservable | | | | Fair Value | | Assets | | Inputs | | Inputs | | | | September 30, 2026 | | (Level 1) | | (Level 2) | | (Level 3) | | Measured on a recurring basis: | | | | | | | | | | | | | | Assets: | | | | | | | | | | | | | | Available for sale debt securities | | | | | | | | | | | | | | Residential mortgage-backed securities | | $ | 5,031,447 | | $ | — | | $ | 5,031,447 | | $ | — | | States and political subdivisions | | | 117,911 | | | — | | | 117,911 | | | — | | Equity Securities | | | 5,326 | | | 5,326 | | | — | | | — | | | | $ | 5,154,684 | | $ | 5,326 | | $ | 5,149,358 | | $ | — | |
The following table represents assets and liabilities reported on the consolidated balance sheets at their fair value on a recurring basis as of December 31, 2025 by level within the fair value measurement hierarchy: | | | | | | | | | | | | | | | | | | | Fair Value Measurements at | | | | | | | Reporting Date Using | | | | | | | (in Thousands) | | | | | | | Quoted | | | | | | | | | | | | | Prices in | | | | | | | | | | | | | Active | | Significant | | | | | | | Assets/Liabilities | | Markets for | | Other | | Significant | | | | Measured at | | Identical | | Observable | | Unobservable | | | | Fair Value | | Assets | | Inputs | | Inputs | | | | December 31, 2025 | | (Level 1) | | (Level 2) | | (Level 3) | | Measured on a recurring basis: | | | | | | | | | | | | | | Assets: | | | | | | | | | | | | | | Available for sale securities | | | | | | | | | | | | | | Residential mortgage-backed securities | | $ | 4,830,588 | | $ | — | | $ | 4,830,588 | | $ | — | | States and political subdivisions | | | 135,680 | | | — | | | 135,680 | | | — | | Equity Securities | | | 5,573 | | | 5,573 | | | — | | | — | | | | $ | 4,971,841 | | $ | 5,573 | | $ | 4,966,268 | | $ | — | |
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| Assets measured at fair value on a non-recurring basis |
The following table represents financial instruments measured at fair value on a non-recurring basis as of and for the period ended September 30, 2026 by level within the fair value measurement hierarchy: | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting | | | | | | | | | Date Using | | | | | | | | | (in thousands) | | | | | | | | | Quoted | | | | | | | | | | | | Assets/Liabilities | | Prices in | | | | | | | | | | | | Measured at | | Active | | Significant | | | | | | | | | Fair Value | | Markets for | | Other | | Significant | | Net | | | Period ended | | Identical | | Observable | | Unobservable | | Provision | | | September 30, | | Assets | | Inputs | | Inputs | | During | | | 2026 | | (Level 1) | | (Level 2) | | (Level 3) | | Period | Measured on a non-recurring basis: | | | | | | | | | | | | | | | | Assets: | | | | | | | | | | | | | | | | Watch List—Doubtful loans | | $ | 74,849 | | $ | — | | $ | — | | $ | 74,849 | | $ | 12,890 | Other real estate owned | | | 291 | | | — | | | — | | | 291 | | | 23 |
The following table represents financial instruments measured at fair value on a non-recurring basis as of and for the period ended December 31, 2025 by level within the fair value measurement hierarchy: | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting | | | | | | | | | Date Using | | | | | | | | | (in thousands) | | | | | | | | | Quoted | | | | | | | | | | | | Assets/Liabilities | | Prices in | | | | | | | | | | | | Measured at | | Active | | Significant | | | | | | | | | Fair Value | | Markets | | Other | | Significant | | Net | | | Year ended | | for Identical | | Observable | | Unobservable | | Provision | | | December 31, | | Assets | | Inputs | | Inputs | | During | | | 2025 | | (Level 1) | | (Level 2) | | (Level 3) | | Period | Measured on a non-recurring basis: | | | | | | | | | | | | | | | | Assets: | | | | | | | | | | | | | | | | Watch List—Doubtful loans | | $ | 75,573 | | $ | — | | $ | — | | $ | 75,573 | | $ | 4,590 | Other real estate owned | | | 1,692 | | | — | | | — | | | 1,692 | | | 1,296 |
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