Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables summarize the Company’s financial assets and liabilities that were measured at fair value on a recurring basis at June 30, 2024 and December 31, 2023:

			Fair Value Measurements Using
June 30, 2024	Fair Value		Level 1		Level 2		Level 3
Financial assets
Securities available-for-sale
U.S. Treasury Notes	$	51,785	$	51,785	$	—	$	—
U.S. Government agencies		147,174				147,174
Obligations of states, municipalities, and political    subdivisions		80,390		—		80,390		—
Mortgage-backed securities; residential
Agency		749,198		—		749,198		—
Non-Agency		109,054		—		109,054		—
Mortgage-backed securities; commercial
Agency		193,948		—		193,948		—
Corporate securities		36,780		—		36,780		—
Asset-backed securities		18,498		—		18,498		—
Equity and other securities, at fair value
Mutual funds		2,504		2,504		—		—
Equity securities		6,241		—		5,957		284
Servicing assets		19,617		—		—		19,617
Derivative assets		57,426		—		57,426		—
Financial liabilities
Derivative liabilities		22,772		—		22,772		—

			Fair Value Measurements Using
December 31, 2023	Fair Value		Level 1		Level 2		Level 3
Financial assets
Securities available-for-sale
U.S. Treasury Notes	$	115,434	$	115,434	$	—	$	—
U.S. Government agencies		130,695		—		130,695		—
Obligations of states, municipalities, and political    subdivisions		82,275		—		82,275
Mortgage-backed securities; residential
Agency		695,803		—		695,803		—
Non-Agency		100,260		—		100,260		—
Mortgage-backed securities; commercial
Agency		147,204		—		147,204		—
Corporate securities		36,171		—		36,171		—
Asset-backed securities		34,638		—		34,638		—
Equity and other securities, at fair value
Mutual funds		2,554		2,554		—		—
Equity securities		6,189		—		5,908		281
Servicing assets		19,844		—		—		19,844
Derivative assets		56,923		—		56,923		—
Financial liabilities
Derivative liabilities		19,345		—		19,345		—

Summary of Financial Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs

The following table presents additional information about financial assets measured at fair value on recurring basis for which the Company used significant unobservable inputs (Level 3):

	Six Months Ended June 30,
	2024		2023			2024			2023
	Investment Securities					Servicing Assets
Balance, beginning of period	$	281	$	666		$	19,844		$	19,172
Additions, net		—		—			2,944			2,752
Change in fair value		3		(27	)		(3,171	)		(209	)
Balance, end of period	$	284	$	639		$	19,617		$	21,715

Summary of Unobservable Inputs Used in the Fair Value Measurements on Recurring Basis

The following table presents additional information about the unobservable inputs used in the fair value measurements on recurring basis that were categorized within Level 3 of the fair value hierarchy as of June 30, 2024:

Financial Instruments	Valuation Technique	Unobservable Inputs	Range of Inputs	Weighted Average Range			Impact to Valuation from an Increased or Higher Input Value
Single issuer trust preferred	Discounted cash flow	Discount rate	7.9%		7.9	%	Decrease
Servicing assets	Discounted cash flow	Prepayment speeds	0.0% - 34.1%		16.3	%	Decrease
		Discount rate	0.0% - 55.0%		11.0	%	Decrease
		Expected weighted average loan life	0.0 - 8.3 Years	3.6 Years			Increase

Summary of Assets Measured at Fair Value on Non-Recurring Basis, Excluding Acquired Impaired Loans

Adjustments to fair value based on such non-recurring transactions generally result from the application of lower-of-cost-or-market accounting or write-downs of individual assets due to impairment. The following tables summarize theCompany’s assets that were measured at fair value on a non-recurring basis, as of June 30, 2024 and December 31, 2023:

			Fair Value Measurements Using
June 30, 2024	Fair Value		Level 1		Level 2		Level 3
Non-recurring
Individually evaluated loans
Commercial real estate	$	29,426	$	—	$	—	$	29,426
Residential real estate		3,731		—		—		3,731
Commercial and industrial		19,025		—		—		19,025
Assets held for sale		3,420		—		—		3,420
Other real estate owned		780		—		—		780

			Fair Value Measurements Using
December 31, 2023	Fair Value		Level 1		Level 2		Level 3
Non-recurring
Individually evaluated loans
Commercial real estate	$	51,978	$	—	$	—	$	51,978
Residential real estate		3,593		—		—		3,593
Construction, land development, and other land		813		—		—		813
Commercial and industrial		29,869		—		—		29,869
Assets held for sale		4,484		—		—		4,484
Other real estate owned		1,200		—		—		1,200

Summary of Estimated Fair Values of Financial Instruments

The estimated fair values of financial instruments not carried at fair value and levels within the fair value hierarchy are as follows:

			June 30,				December 31,
	Fair Value		2024				2023
	Hierarchy Level		Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial assets
Cash and due from banks		1	$	68,251	$	68,251	$	60,431	$	60,431
Interest bearing deposits with other banks		2		662,206		662,206		165,705		165,705
Securities held-to-maturity		2		606		601		1,157		1,149
Restricted stock		2		31,775		31,775		16,304		16,304
Loans held for sale		3		13,360		14,075		18,005		19,136
Loans and lease receivables, net (less impaired    loans at fair value)		3		6,739,292		6,517,994		6,496,367		6,326,413
Accrued interest receivable		3		44,484		44,484		43,922		43,922
Financial liabilities
Non-interest-bearing deposits		2		1,762,891		1,762,891		1,905,876		1,905,876
Interest-bearing deposits		2		5,584,290		5,578,956		5,271,123		5,268,926
Accrued interest payable		2		26,493		26,493		22,233		22,233
Federal Home Loan Bank advances		2		670,000		670,000		325,000		325,000
Securities sold under repurchase agreement		2		33,738		33,738		40,607		40,607
Term Loan		2		15,000		15,000		18,333		18,333
Bank Term Funding Program		2		200,000		200,000		—		—
Line of credit		2		—		—		11,250		11,250
Subordinated notes		2		73,953		70,398		73,866		76,063
Junior subordinated debentures		3		70,675		73,675		70,452		72,701