Fair Value (Tables)

3 Months Ended

Mar. 31, 2026

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.

March 31, 2026			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	$	1,940	$	-	$	1,940	$	-	$	1,940
Mortgage-backed securities		779,628		-		779,628		-		779,628
Commercial mortgage-backed securities		1,251		-		1,251		-		1,251
Collateralized mortgage obligations		20,319		-		20,319		-		20,319
Municipal securities		68,791		-		68,791		-		68,791
Corporate securities		29,676		-		29,676		-		29,676
Other		310		-		310		-		310
Other equity investments	$	3,506	$	3,506	$	-	$	-	$	3,506
Derivatives not designated as hedging instruments	$	116	$	-	$	116	$	-	$	116
Financial liabilities
Derivatives not designated as hedging instruments	$	124	$	-	$	124	$	-	$	124

December 31, 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	$	2,038	$	-	$	2,038	$	-	$	2,038
Mortgage-backed securities		826,240		-		826,240		-		826,240
Commercial mortgage-backed securities		1,253		-		1,253		-		1,253
Collateralized mortgage obligations		20,730		-		20,730		-		20,730
Municipal securities		70,845		-		70,845		-		70,845
Corporate securities		29,738		-		29,738		-		29,738
Other		310		-		310		-		310
Other equity investments	$	3,256	$	3,256	$	-	$	-	$	3,256
Derivatives not designated as hedging instruments	$	172	$	-	$	172	$	-	$	172
Financial liabilities
Derivatives not designated as hedging instruments	$	178	$	-	$	178	$	-	$	178
Fair valued on a non-recurring basis:
Collateral dependent loans	$	7,998	$	-	$	-	$	7,998	$	7,998

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.

March 31, 2026			Fair Value Measurements
(Dollars in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	384,224	$	384,224	$	-	$	-	$	384,224
Held-to-maturity securities, net		707,823		-		531,523		49,991		581,514
Non-marketable securities, at cost		15,549		-		15,549		-		15,549
Loans and leases, net		3,539,953		-		-		3,568,049		3,568,049
Financial liabilities:
Total deposits	$	5,116,273	$	-	$	5,113,421	$	-	$	5,113,421
Subordinated debentures		10,310		-		10,712		-		10,712

December 31, 2025			Fair Value Measurements
(Dollars in thousands)	Carrying Amount		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	144,864	$	144,864	$	-	$	-	$	144,864
Held-to-maturity securities, net		718,191		-		542,161		50,575		592,736
Non-marketable securities, at cost		15,549		-		15,549		-		15,549
Loans and leases, net		3,572,570		-		-		3,591,336		3,591,336
Financial liabilities:
Total deposits	$	4,977,826	$	-	$	4,975,673	$	-	$	4,975,673
Subordinated debentures		10,310		-		10,810		-		10,810