FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized in the following tables as of June 30, 2024, and December 31, 2023.

	June 30, 2024
	(Level 1)			(Level 2)		(Level 3)
Assets:
Available-for-sale securities:
U.S. Government-sponsored entities	$	—		$	75,132	$	—
U.S. Treasury securities		95,039			—		—
Mortgage-backed securities
Government-sponsored residential mortgage-backed securities		—			603,847		—
Private label residential mortgage-backed securities		—			129,065		—
Corporate		—			56,095		—
Small Business Administration loan pools		—			6,873		—
State and political subdivisions		—			76,125		—
Derivative assets:
Derivative assets (included in other assets)		—			9,671		—
Cash collateral held by counterparty and netting adjustments		(8,852	)		—		—
Total derivative assets		(8,852	)		9,671		—
Other assets:
Equity securities with readily determinable fair value		648			—		—
Total other assets		648			—		—
Total assets	$	86,835		$	956,808	$	—
Liabilities:
Derivative liabilities:
Derivative liabilities (included in other liabilities)	$	—		$	3,786	$	—
Cash collateral held by counterparty and netting adjustments		189			—		—
Total derivative liabilities		189			3,786		—
Total liabilities	$	189		$	3,786	$	—

	December 31, 2023
	(Level 1)			(Level 2)		(Level 3)
Assets:
Available-for-sale securities:
U.S. Government-sponsored entities	$	—		$	33,087	$	—
U.S. Treasury securities		89,256			—		—
Mortgage-backed securities
Government-sponsored residential mortgage-    backed securities		—			529,143		—
Private label residential mortgage-backed securities		—			137,841		—
Corporate		—			49,683		—
Small Business Administration loan pools		—			7,727		—
State and political subdivisions		—			72,911		—
Derivative assets:
Derivative assets (included in other assets)		—			7,002		—
Cash collateral held by counterparty and netting adjustments		(6,406	)		—		—
Total derivative assets		(6,406	)		7,002		—
Other assets:
Equity securities with readily determinable fair value		674			—		—
Total other assets		674			—		—
Total assets	$	83,524		$	837,394	$	—
Liabilities:
Derivative liabilities:
Derivative liabilities (included in other liabilities)	$	—		$	3,656	$	—
Cash collateral held by counterparty and netting adjustments		(454	)		—		—
Total derivative liabilities		(454	)		3,656		—
Total liabilities	$	(454	)	$	3,656	$	—

Summary of Assets Measured at Fair Value on Non-recurring Basis

Assets measured at fair value on a non-recurring basis are summarized below as of June 30, 2024, and December 31, 2023.

	June 30. 2024
	(Level 1)		(Level 2)		(Level 3)
Loans individually evaluated for credit losses:
Commercial real estate	$	—	$	—	$	2,766
Commercial and industrial		—		—		4,619
Residential real estate		—		—		3,611
Agricultural real estate		—		—		2,703
Other		—		—		1,204
Other real estate owned:
Commercial real estate		—		—		1,061
Residential real estate		—		—		57

	December 31, 2023
	(Level 1)		(Level 2)		(Level 3)
Loans individually evaluated for credit losses:
Commercial real estate	$	—	$	—	$	1,616
Commercial and industrial		—		—		3,706
Residential real estate		—		—		6,165
Agricultural real estate		—		—		2,606
Other		—		—		2,442
Other real estate owned:
Commercial real estate		—		—		1,061
Residential real estate		—		—		170

Summary of Additional Information about Unobservable Inputs Used in Fair Value Measurement

The following table presents additional information about the unobservable inputs used in the fair value measurement of financial assets measured on a nonrecurring basis that were categorized with Level 3 of the fair value hierarchy as of June 30, 2024, and December 31, 2023.

	Fair Value		Valuation Technique	Unobservable Input	Range (weighted average) or Multiple of Earnings
June 30, 2024
Individually evaluated real estate loans	$	13,326	Sales Comparison Approach	Adjustments for differences between comparable sales	2% - 45%   (23%)
Individually evaluated real estate loans	$	1,577	Cost Approach	Adjustments for differences between replacement cost and depreciated cost	26% - 70% (29%)
Individually evaluated other real estate owned	$	1,118	Sales Comparison Approach	Adjustments for differences between comparable sales	5% - 23%   (14%)
December 31, 2023
Individually evaluated real estate loans	$	16,535	Sales Comparison Approach	Adjustments for differences between comparable sales	3% - 34%   (19%)
Individually evaluated other real estate owned	$	1,231	Sales Comparison Approach	Adjustments for differences between comparable sales	7% - 28%   (18%)

Carrying Amount and Estimated Fair Values of Financial Instrument

Carrying amount and estimated fair values of financial instruments at period end were as follows for June 30, 2024, and December 31, 2023.

	June 30, 2024
	Carrying Amount			Estimated Fair Value			(Level 1)			(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	260,266		$	260,266		$	260,266		$	—	$	—
Available-for-sale securities		1,042,176			1,042,176			95,039			947,137		—
Held-to-maturity securities		5,226			5,267			—			5,267		—
Loans held for sale		1,959			1,959			—			1,959		—
Loans, net of allowance for credit losses		3,410,920			3,352,188			—			—		3,352,188
Federal Reserve Bank and Federal Home    Loan Bank stock		33,171			33,171			—			33,171		—
Interest receivable		27,381			27,381			—			27,381		—
Derivative assets		9,671			9,671			—			9,671		—
Cash collateral held by derivative counterparty    and netting adjustments		(8,852	)		(8,852	)		(8,852	)		—		—
Total derivative assets		819			819			(8,852	)		9,671		—
Equity securities with readily determinable fair value		648			648			648			—		—
Total assets	$	4,782,566		$	4,723,875		$	347,101		$	1,024,586	$	3,352,188
Financial liabilities:
Deposits	$	4,341,437		$	4,336,232		$	—		$	4,336,232	$	—
Federal funds purchased and retail    repurchase agreements		38,031			38,031			—			38,031		—
Federal Home Loan Bank advances		250,306			250,306			—			250,306		—
Subordinated debentures		23,769			23,769			—			23,769		—
Subordinated notes		73,427			72,302			—			72,302		—
Contractual obligations		23,770			23,770			—			23,770		—
Interest payable		6,777			6,777			—			6,777		—
Derivative liabilities		3,786			3,786			—			3,786		—
Cash collateral held by derivative counterparty    and netting adjustments		189			189			189			—		—
Total derivative liabilities		3,975			3,975			189			3,786		—
Total liabilities	$	4,761,492		$	4,755,162		$	189		$	4,754,973	$	—

	December 31, 2023
	Carrying Amount			Estimated Fair Value			(Level 1)			(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	379,099		$	379,099		$	379,099		$	—	$	—
Available-for-sale securities		919,648			919,648			89,256			830,392		—
Held-to-maturity securities		2,209			2,250			—			2,250		—
Loans held for sale		476			476			—			476		—
Loans, net of allowance for credit losses		3,289,381			3,227,789			—			—		3,227,789
Federal Reserve Bank and Federal Home    Loan Bank stock		20,608			20,608			—			20,608		—
Interest receivable		25,497			25,497			—			25,497		—
Derivative assets		7,002			7,002			—			7,002		—
Cash collateral held by derivative counterparty    and netting adjustments		(6,406	)		(6,406	)		(6,406	)		—		—
Total derivative assets		596			596			(6,406	)		7,002		—
Equity securities with readily determinable fair value		674			674			674			—		—
Total assets	$	4,638,188		$	4,576,637		$	462,623		$	886,225	$	3,227,789
Financial liabilities:
Deposits	$	4,145,455		$	4,140,501		$	—		$	4,140,501	$	—
Federal funds purchased and retail    repurchase agreements		43,582			43,582			—			43,582		—
Federal Home Loan Bank advances		100,000			100,000			—			100,000		—
Federal Reserve Bank Borrowings		140,000			140,000			—			140,000		—
Subordinated debentures		23,594			23,594			—			23,594		—
Subordinated notes		73,327			71,827			—			71,827		—
Contractual obligations		19,315			19,315			—			19,315		—
Interest payable		9,180			9,180			—			9,180		—
Derivative liabilities		3,656			3,656			—			3,656		—
Cash collateral held by derivative counterparty    and netting adjustments		(454	)		(454	)		(454	)		—		—
Total derivative liabilities		3,202			3,202			(454	)		3,656		—
Total liabilities	$	4,557,655		$	4,551,201		$	(454	)	$	4,551,655	$	—