v3.26.3
Fair Value Measurements and Disclosures (Tables)
 9 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis
The following table presents the fair value of financial assets measured at fair value on a recurring basis by level within the fair value hierarchy at the dates indicated:
September 30, 2026
(dollars in thousands)TotalLevel 1Level 2Level 3
Assets
Securities available for sale:
U.S. asset backed securities$20,742 $— $20,742 $— 
U.S. government agency MBS26,974 — 26,974 — 
U.S. government agency CMO72,538 — 72,538 — 
State and municipal securities36,969 — 36,969 — 
U.S. Treasuries16,176 16,176 — — 
Non-U.S. government agency CMO12,579 — 12,579 
Corporate bonds17,624 — 17,624 — 
Equity investments2,061 — 2,061 — 
Commercial loans held for sale1,791 — 1,791 — 
Mortgage loans held for sale42,076 — 42,076 — 
Mortgage loans held for investment13,330 — 13,330 — 
Interest rate lock commitments174 — — 174 
Forward commitments139 — 139 — 
Customer derivatives - interest rate swaps1,914 — 1,914 — 
Fair Value Hedge20 — 20 — 
Total$265,107 $16,176 $248,757 $174 
Liabilities
Interest rate lock commitments$174 $— $— $174 
Customer derivatives - interest rate swaps1,902 — 1,902 — 
Customer derivatives - Risk Participation Agreements9 — 9 — 
Interest rate swaps7 — 7 — 
Total$2,092 $— $1,918 $174 

December 31, 2025
(dollars in thousands)TotalLevel 1Level 2Level 3
Assets
Securities available for sale:
U.S. asset backed securities$26,217 $— $26,217 $— 
U.S. government agency MBS22,351 — 22,351 — 
U.S. government agency CMO66,131 — 66,131 — 
State and municipal securities40,032 — 40,032 — 
U.S. Treasuries16,206 16,206 — — 
Non-U.S. government agency CMO8,606 — 8,606 — 
Corporate bonds13,914 — 13,914 — 
Equity investments2,166 — 2,166 — 
Mortgage loans held for sale33,762 — 33,762 — 
Mortgage loans held for investment14,396 — 14,396 — 
Interest rate lock commitments402 — — 402 
Customer derivatives - interest rate swaps1,909 — 1,909 — 
Fair Value Hedge21 — 21 — 
Total$246,112 $16,206 $229,504 $402 
Liabilities
Interest rate lock commitments$13 $— $— $13 
Forward commitments32 — 32 — 
Customer derivatives - interest rate swaps1,929 — 1,929 — 
Customer derivatives - Risk Participation Agreements23 — 23 — 
Interest rate swaps281 — 281 — 
Total$2,278 $— $2,265 $13 
Schedule of Financial Assets Measured at Fair Value on Non-recurring Basis
The following table presents assets measured at fair value on a nonrecurring basis at the dates indicated:
(dollars in thousands)September 30,
2026		December 31,
2025
SBA loan servicing rights$3,219 $3,846 
OREO and other repossessed assets4,853 5,997 
Individually evaluated loans (1)
       Construction2,6044,430
Small business loans2,9703,745
Total$13,646 $18,018 
(1) Individually evaluated loans are those in which the Corporation has measured impairment generally based on the fair value of the loan’s collateral.
Schedule of Measurement Inputs
The following table details the valuation techniques for Level 3 assets.

(dollars in thousands)September 30, 2026
Financial InstrumentFair ValueValuation TechniqueUnobservable InputRange of InputsWeighted Average
OREO and other repossessed assets$4,853 Appraisal of collateralCosts to sell
6% - 13% discount
10%
Individually evaluated loans5,574 Appraisal of collateralCosts to sell
8%-50% discount
27%

(dollars in thousands)December 31, 2025
Financial InstrumentFair ValueValuation TechniqueUnobservable InputRange of InputsWeighted Average
OREO and other repossessed assets$5,997 Appraisal of collateralCosts to sell
6% - 13% discount
10%
Individually evaluated loans8,175 Appraisal of collateralCosts to sell
2%-48% discount
24%
The following table details the valuation techniques for Level 3 interest rate lock commitments.
(dollars in thousands)Fair ValueValuation TechniqueSignificant Unobservable InputRange of InputsWeighted Average
September 30, 2026$— Market comparable pricingPull through
1 - 99%
92.99%
December 31, 2025389 Market comparable pricingPull through
1 - 99%
85.31%
Schedule of Estimated Fair Values of Financial Instruments
The following table presents the estimated fair values of the Corporation’s financial instruments at the dates indicated:
Fair Value
Hierarchy Level		September 30, 2026December 31, 2025
(dollars in thousands)Carrying
amount		Fair valueCarrying
amount		Fair value
Financial assets:
Cash and cash equivalentsLevel 1$28,577 $28,577 $35,778 $35,778 
Commercial loans held for saleLevel 21,791 1,791 — — 
Mortgage loans held for saleLevel 242,076 42,076 33,762 33,762 
Loans and other finance receivables, net of ACLLevel 32,129,812 2,057,394 2,134,630 2,108,242 
Mortgage loans held for investmentLevel 213,330 13,330 14,396 14,396 
Financial liabilities:
DepositsLevel 2$2,166,882 $2,127,200 $2,158,128 $2,179,800 
BorrowingsLevel 2115,219 115,200 117,338 117,700 
Subordinated debenturesLevel 249,736 49,529 49,853 49,597 
Schedule of Level 3 Inputs Reconciliation
The following table includes a rollforward of interest rate lock commitments for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the periods indicated.
Three months ended
September 30,		Nine months ended
September 30,
(dollars in thousands)2026202520262025
Balance at beginning of the period$200 $346 $389 $216 
Change in value(200)5 (389)135 
Balance at end of the period$— $351 $— $351