Fair Value (Tables)

9 Months Ended

Sep. 30, 2026

Fair Value

Schedule of fair value assets and liabilities measured on a recurring basis

		September 30,				December 31,
Assets: (market approach)		2026				2025

Level 1
U.S. Government securities		$	3,963,602			$	11,335,980

Level 2
U.S. GSE debt securities		$	10,371,345			$	11,443,777
Taxable Municipal securities			251,276				265,563
Tax-exempt Municipal securities			9,257,134				10,323,651
Agency MBS			88,077,863				107,261,236
ABS and OAS			1,112,216				1,666,881
CMO			78,734				1,743,804
Other investments			0				487,866
Level 2 Total		$	109,148,568			$	133,192,778

Grand Total		$	113,112,170			$	144,528,758

Schedule of fair value assets and liabilities measured on a non-recurring basis

		September 30,				December 31,
Level 2		2026				2025
Assets: (market approach)
Individually analyzed loans, net of related allowance		$	15,570			$	0
Loans held-for-sale			414,115				138,000
MSRs (1)			572,711				626,827
OREO			0				319,019

Schedule of estimated fair values of financial instruments

September 30, 2026						Fair				Fair				Fair				Fair
		Carrying				Value				Value				Value				Value
		Amount				Level 1				Level 2				Level 3				Total
		(Dollars in Thousands)
Financial assets:
Cash and cash equivalents		$	47,289			$	47,289			$	0			$	0			$	47,289
Debt securities AFS			113,112				3,964				109,149				0				113,113
Restricted equity securities			1,879				0				1,879				0				1,879
Loans and loans held-for-sale, net of ACL
Commercial & industrial			112,166				0				16				112,183				112,199
Purchased			7,484				0				0				7,430				7,430
Commercial real estate			498,733				0				0				492,951				492,951
Municipal			67,680				0				0				66,613				66,613
Residential real estate - 1st lien			273,532				0				0				261,452				261,452
Residential real estate - Jr lien			49,256				0				0				49,034				49,034
Consumer			2,591				0				0				2,620				2,620
MSRs (1)			573				0				1,085				0				1,085
Accrued interest receivable			4,680				0				4,680				0				4,680

Financial liabilities:
Deposits
Other deposits			1,014,039				0				1,014,390				0				1,014,390
Brokered deposits			29,764				0				29,414				0				29,414
Overnight borrowings			0				0				0				0				0
Short-term advances			0				0				0				0				0
Long-term advances			10,975				0				10,864				0				10,864
Repurchase agreements			34,889				0				34,889				0				34,889
Operating lease obligations			602				0				602				0				602
Finance lease obligations			2,782				0				2,782				0				2,782
Subordinated debentures			12,887				0				12,752				0				12,752
Accrued interest payable			383				0				383				0				383

December 31, 2025						Fair				Fair				Fair				Fair
		Carrying				Value				Value				Value				Value
		Amount				Level 1				Level 2				Level 3				Total
		(Dollars in Thousands)
Financial assets:
Cash and cash equivalents		$	128,062			$	128,062			$	0			$	0			$	128,062
Debt securities AFS			144,529				11,336				133,193				0				144,529
Restricted equity securities			2,933				0				2,933				0				2,933
Loans and loans held-for-sale, net of ACL
Commercial & industrial			106,831				0				0				105,985				105,985
Purchased			9,980				0				0				9,857				9,857
Commercial real estate			493,328				0				0				482,275				482,275
Municipal			61,923				0				0				61,007				61,007
Residential real estate - 1st lien			234,378				0				0				224,115				224,115
Residential real estate - Jr lien			45,871				0				0				45,530				45,530
Consumer			3,034				0				0				3,068				3,068
MSRs (1)			627				0				1,025				0				1,025
Accrued interest receivable			4,608				0				4,608				0				4,608

Financial liabilities:
Deposits
Other deposits			1,040,158				0				1,039,494				0				1,039,494
Brokered deposits			30,510				0				31,229				0				31,229
Long-term advances			35,975				0				36,030				0				36,030
Repurchase agreements			41,498				0				41,498				0				41,498
Operating lease obligations			692				0				692				0				692
Finance lease obligations			2,964				0				2,964				0				2,964
Subordinated debentures			12,887				0				12,766				0				12,766
Accrued interest payable			485				0				485				0				485