v3.26.3
FAIR VALUE MEASUREMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value
Fair Value Measurements Using:
September 30, 2026Level 1Level 2Level 3Total
Assets measured at fair value:(dollars in thousands)
On a recurring basis:
Securities available for sale:
Government agency securities$— $18,176 $— $18,176 
SBA agency securities— 18,531 — 18,531 
Mortgage-backed securities— 96,510 — 96,510 
Collateralized mortgage obligations— 176,970 — 176,970 
Commercial paper— 39,699 — 39,699 
Corporate debt securities— 23,091 — 23,091 
Municipal securities— 8,367 — 8,367 
$— $381,344 $— $381,344 
On a non-recurring basis:
Collateral dependent individually evaluated loans:
Commercial real estate loans$— $— $3,057 $3,057 
Commercial and industrial loans— — 4,708 4,708 
SBA loans— — 883 883 
Other real estate owned (1)
— — 19,820 19,820 
$— $— $28,468 $28,468 
(1)Included in “Accrued interest and other assets” on the consolidated balance sheets.
December 31, 2025Level 1Level 2Level 3Total
Assets measured at fair value:
On a recurring basis:
Securities available for sale:
Government agency securities$— $22,705 $— $22,705 
SBA agency securities— 21,180 — 21,180 
Mortgage-backed securities— 92,155 — 92,155 
Collateralized mortgage obligations— 213,272 — 213,272 
Commercial paper— 19,948 — 19,948 
Corporate debt securities— 28,429 — 28,429 
Municipal securities— 9,515 — 9,515 
Forward mortgage loan sale contracts (1)
— — 11 11 
$— $407,204 $11 $407,215 
On a non-recurring basis:
Collateral dependent individually evaluated loans:
Commercial real estate loans$— $— $3,071 $3,071 
Construction and land development loans— — 19,465 19,465 
Commercial and industrial loans— — 4,708 4,708 
Other real estate owned (1)
— — 8,830 8,830 
$— $— $36,074 $36,074 
(1)Included in “Accrued interest and other assets” on the consolidated balance sheets.
Schedule of Measurement Inputs and Valuation Techniques
September 30, 2026Fair ValueValuation TechniquesUnobservable Input(s)
Range (1)
Collateral dependent loans:(dollars in thousands)
Commercial real estate loans$3,057 Market approachAdjustments
(41)% to 4%
Commercial and industrial loans4,708 Market approachAdjustments
(4)% to 26%
SBA loans883 Market approachAdjustments
0% to 22%
Other Real Estate Owned (2)
19,820 Market approachAdjustments
6% to 26%
Total$28,468 
(1)Represents the minimum and maximum range of adjustments made by appraisers for differences in comparable sales.
(2)Included in “Accrued interest and other assets” on the consolidated balance sheets.
December 31, 2025Fair Value Valuation TechniquesUnobservable Input(s)
Range (1)
Collateral dependent loans:(dollars in thousands)
Commercial real estate loans$3,071 Market approachAdjustments
(41)% to 4%
Construction and land development loans19,465 Market approachAdjustments
9% to 23%
Commercial and industrial loans4,708 Market approachAdjustments
(20)% to 20%
Other Real Estate Owned(2)
8,830 Market approachAdjustments
(10)% to 21%
Total$36,074 
(1)Represents the minimum and maximum range of adjustments made by appraisers for differences in comparable sales.
(2)Included in "Accrued interest and other assets" on the consolidated balance sheets.
Schedule of Fair Value Hierarchy Level and Estimated Fair Value of Significant Financial Instruments
September 30, 2026December 31, 2025
Fair Value
Hierarchy		Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Financial Assets:(dollars in thousands)
Cash and cash equivalentsLevel 1$190,290 $190,290 $212,317 $212,317 
Interest-earning deposits in other financial institutionsLevel 1600 600 600 600 
Investment securities – AFSLevel 2381,344 381,344 407,204 407,204 
Investment securities – HTMLevel 24,179 3,803 4,184 4,103 
Loans held for saleLevel 2— — 2,067 2,067 
Loans, netLevel 33,355,176 3,304,069 3,270,413 3,221,797 
Equity securities (1)
Level 336,133 36,133 26,086 26,086 
Investment in FHLB stockLevel 215,000 15,000 15,000 15,000 
Servicing assets (1)
Level 35,644 11,644 6,041 11,521 
Accrued interest receivable (1)
Level 1/2/316,608 16,608 16,230 16,230 
NotionalFairNotionalFair
ValueValueValueValue
Derivative Assets:
Forward mortgage loan sale contracts (1)
Level 3$— $— $515 $11 
CarryingFairCarryingFair
Financial Liabilities:ValueValueValueValue
DepositsLevel 2$3,395,280 $3,391,247 $3,350,398 $3,350,982 
FHLB advancesLevel 3180,000 173,992 130,000 129,198 
Long-term debtLevel 380,000 79,663 119,911 114,691 
Subordinated debenturesLevel 315,538 15,308 15,375 15,227 
Accrued interest payable (2)
Level 2/35,460 5,460 7,960 7,960 
(1)Included in “Accrued interest and other assets” on the consolidated balance sheets.
(2)Included in “Accrued interest and other liabilities” on the consolidated balance sheets.