Fair Value (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value [Abstract]

Assets and Liabilities Measured at Fair Value on a Recurring and Non-recurring Basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring and non-recurring basis and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated.

September 30, 2025			Fair Value Measurements
(Dollars in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value
Fair valued on a recurring basis:
Financial assets
Available-for-sale securities
U.S. Government-sponsored securities	$	2,130	$	-	$	2,130	$	-	$	2,130
Mortgage-backed securities		746,463		-		746,463		-		746,463
Commercial mortgage-backed securities		1,254		-		1,254		-		1,254
Collateralized mortgage obligations		20,877		-		20,877		-		20,877
Municipal securities		69,486		-		69,486		-		69,486
Corporate securities		29,641		-		29,641		-		29,641
Other		310		-		310		-		310
Other equity investments	$	3,050	$	3,050	$	-	$	-	$	3,050
Derivatives not designated as hedging instruments	$	218	$	-	$	218	$	-	$	218
Financial liabilities
Derivatives not designated as hedging instruments	$	229	$	-	$	229	$	-	$	229
Fair valued on a non-recurring basis:
Other real estate owned	$	873	$	-	$	-	$	873	$	873

December 31, 2024			Fair Value Measurements
(Dollars in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value
Fair valued on a recurring basis:
Available-for-sale securities
U.S. Government-sponsored securities	$	2,644	$	-	$	2,644	$	-	$	2,644
Mortgage-backed securities		439,858		-		439,858		-		439,858
Commercial mortgage-backed securities		1,212		-		1,212		-		1,212
Collateralized mortgage obligations		5,497		-		5,497		-		5,497
Corporate securities		14,856		-		14,856		-		14,856
Other		347		-		347		-		347
Fair valued on a non-recurring basis:
Collateral dependent loans	$	929	$	-	$	-	$	929	$	929
Other real estate owned		873		-		-		873		873

Carrying Amount and Estimated Fair Value of Financial Assets and Liabilities

The following tables summarize the carrying amount and estimated fair values of the Company’s financial assets and liabilities not carried at fair value, and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value for the periods indicated.

September 30, 2025			Fair Value Measurements
(Dollars in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	172,567	$	172,567	$	-	$	-	$	172,567
Held-to-maturity securities, net		734,178		-		532,147		71,984		604,131
Non-marketable securities, at cost		15,549		-		15,549		-		15,549
Loans and leases, net		3,532,383		-		-		3,526,525		3,526,525
Financial liabilities:
Total deposits	$	4,885,014	$	-	$	4,882,391	$	-	$	4,882,391
Subordinated debentures		10,310		-		12,180		-		12,180

December 31, 2024			Fair Value Measurements
(Dollars in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	212,563	$	212,563	$	-	$	-	$	212,563
Held-to-maturity securities, net		768,993		-		537,384		73,569		610,953
Non-marketable securities, at cost		15,549		-		15,549		-		15,549
Loans and leases, net		3,603,105		-		-		3,523,057		3,523,057
Financial liabilities:
Total deposits	$	4,699,139	$	-	$	4,695,388	$	-	$	4,695,388
Subordinated debentures		10,310		-		11,738		-		11,738