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FAIR VALUE DISCLOSURES (Tables)
 6 Months Ended
Jun. 30, 2025
FAIR VALUE DISCLOSURES [Abstract]  
Assets (Liabilities) Measured at Fair Value on Recurring and Non-Recurring Basis
The following table summarizes fair value measurements as of the dates indicated below (dollars in thousands):

 
Level 1
    
Level 2
    
Level 3
    
Total
  
June 30, 2025
                        
Assets (liabilities) measured at fair value on a recurring basis:
                        
Securities available for sale:
                        
State and municipal
  
$
—
    
$
165,591
    
$
—
    
$
165,591
  
Residential mortgage-backed securities
    
—
      
266,874
      
—
      
266,874
  
Commercial mortgage-backed securities
     —       41,220       —       41,220  
Commercial collateralized mortgage obligations
    
—
      
70,651
      
—
      
70,651
  
Asset-backed and other amortizing securities
    
—
      
14,016
      
—
      
14,016
  
Other securities
    
—
      
11,648
      
—
      
11,648
  
Loans held for sale (mandatory)
    
—
      
15,020
      
—
      
15,020
  
Mortgage servicing rights
    
—
      
—
      
25,134
      
25,134
  
Asset derivatives
    
—
      
11,979
      
—
      
11,979
  
Liability derivatives
    
—
      
(162
)
    
—
      
(162
)
                                 
Assets measured at fair value on a non-recurring basis:
                                
Loans held for investment
    
—
      
—
      
5,661
      
5,661
  
                                 
December 31, 2024
                                
Assets (liabilities) measured at fair value on a recurring basis:
                                
Securities available for sale:
                                
State and municipal
  
$
—
    
$
173,297
    
$
—
    
$
173,297
  
Residential mortgage-backed securities
    
—
      
264,096
      
—
      
264,096
  
Commercial mortgage-backed securities
     —       40,360       —       40,360  
Commercial collateralized mortgage obligations
    
—
      
73,483
      
—
      
73,483
  
Asset-backed and other amortizing securities
    
—
      
14,581
      
—
      
14,581
  
Other securities
    
—
      
11,423
      
—
      
11,423
  
Loans held for sale (mandatory)
    
—
      
13,791
      
—
      
13,791
  
Mortgage servicing rights
    
—
      
—
      
26,292
      
26,292
  
Asset derivatives
    
—
      
15,998
      
—
      
15,998
  
Liability derivatives
    
—
      
(12
)
    
—
      
(12
)
                                 
Assets measured at fair value on a non-recurring basis:
                                
Loans held for investment
    
—
      
—
      
20,566
      
20,566
  
Quantitative Information about Recurring and Non-Recurring Level 3 Fair Value Measurements
The following table presents quantitative information about recurring and non-recurring Level 3 fair value measurements at the dates indicated (dollars in thousands):

   
Fair
Value
  
Valuation
Techniques
  
Unobservable
Inputs
  
Range of
Discounts
  
June 30, 2025
                  
Non-recurring:
                  
Loans held for investment
  
$
5,661
  
Third party appraisals or inspections
  
Collateral discounts and selling costs
    
20
%
Recurring:
                      
Mortgage servicing rights
    
25,134
  
Discounted cash flows
  
Constant prepayment rate
    
7.31
%
                                     
Discount rate
    
10.19
%
                       
December 31, 2024
                      
Non-recurring:
                      
Loans held for investment
  
$
20,566
  
Third party appraisals or inspections
  
Collateral discounts and selling costs
    
20
%
Recurring:
                      
Mortgage servicing rights
    
26,292
  
Discounted cash flows
  
Constant prepayment rate
    
7.16
%
                                     
Discount rate
    
10.17
%
Estimated Fair Values, and Related Carrying Amounts of Financial Instruments
The estimated fair values, and related carrying amounts, of the Company’s financial instruments that are not previously disclosed in the recurring fair values section are as follows (dollars in thousands):

 
Carrying
Amount
    
Level 1
    
Level 2
    
Level 3
    
Total
Fair Value
  
                               
June 30, 2025
                              
Financial assets:
                              
Cash and cash equivalents
  
$
470,496
    
$
470,496
    
$
—
    
$
—
    
$
470,496
  
Loans held for investment, net
    
3,053,968
      
—
      
—
      
3,011,725
      
3,011,725
  
Loans held for sale (best efforts)
     2,162       —       2,207       —       2,207  
Accrued interest receivable
    
17,996
      
—
      
17,996
      
—
      
17,996
  
Short-term borrowings
    1,352       —       1,352       —       1,352  
Financial liabilities:
                                        
Deposits
    
3,738,938
      
—
      
3,738,516
      
—
      
3,738,516
  
Accrued interest payable
    
4,962
      
—
      
4,962
      
—
      
4,962
  
Junior subordinated deferrable interest debentures
    
46,393
      
—
      
34,372
      
—
      
34,372
  
Subordinated debt
    
64,054
      
—
      
62,796
      
—
      
62,796
  

December 31, 2024
                              
Financial assets:
                              
Cash and cash equivalents
  
$
359,082
    
$
359,082
    
$
—
    
$
—
    
$
359,082
  
Loans held for investment, net
    
3,011,817
      
—
      
—
      
2,937,678
      
2,937,678
  
Loans held for sale (best efforts)
     6,751       —       6,875       —       6,875  
Accrued interest receivable
    
21,687
      
—
      
21,687
      
—
      
21,687
  
Financial liabilities:
                                        
Deposits
    
3,620,876
      
—
      
3,621,106
      
—
      
3,621,106
  
Accrued interest payable
    
6,108
      
—
      
6,108
      
—
      
6,108
  
Junior subordinated deferrable interest debentures
    
46,393
      
—
      
34,285
      
—
      
34,285
  
Subordinated debt
    
63,961
      
—
      
60,969
      
—
      
60,969