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FAIR VALUE MEASURES (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Loans Held For Sale Fair Value
The Company's loans held for sale under the fair value option are comprised of the following:
December 31,
(dollars in thousands)20232022
Mortgage loans held for sale$281,332 $390,583 
SBA loans held for sale— 1,495 
Total loans held for sale$281,332 $392,078 
Schedule of Difference Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measured at Fair Value
The following table summarizes the difference between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of December 31, 2023 and 2022.
December 31,
(dollars in thousands)20232022
Aggregate fair value of mortgage loans held for sale$281,332 $390,583 
Aggregate unpaid principal balance of mortgage loans held for sale273,915 389,610 
Past due loans of 90 days or more781 — 
Nonaccrual loans781 — 
Unpaid principal balance of nonaccrual loans774 — 

The following table summarizes the difference between the fair value and the principal balance for SBA loans held for sale measured at fair value as of December 31, 2023 and 2022.
December 31,
(dollars in thousands)20232022
Aggregate fair value of SBA loans held for sale$— $1,495 
Aggregate unpaid principal balance of SBA loans held for sale— 1,350 
Past due loans of 90 days or more— — 
Nonaccrual loans— — 
Schedule of Fair Value Measurements of Assets and Liabilities Measured on Recurring Basis
The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall as of December 31, 2023 and 2022.
Recurring Basis
Fair Value Measurements
December 31, 2023
(dollars in thousands) Fair ValueLevel 1Level 2Level 3
Financial assets:
U.S. Treasuries $720,877 $720,877 $— $— 
U.S. government-sponsored agencies985 — 985 — 
State, county and municipal securities28,051 — 28,051 — 
Corporate debt securities10,027 — 9,037 990 
SBA pool securities51,516 — 51,516 — 
Mortgage-backed securities591,488 — 591,488 — 
Loans held for sale281,332 — 281,332 — 
Derivative financial instruments5,937 — 5,937 — 
Mortgage banking derivative instruments3,636 — 3,636 — 
Total recurring assets at fair value$1,693,849 $720,877 $971,982 $990 
Financial liabilities:
Derivative financial instruments$6,203 $— $6,203 $— 
Mortgage banking derivative instruments5,790 — 5,790 — 
Total recurring liabilities at fair value$11,993 $— $11,993 $— 
                                                                                                    
Recurring Basis
Fair Value Measurements
December 31, 2022
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
Financial assets:
U.S. Treasuries$759,534 $759,534 $— $— 
U.S. government-sponsored agencies979 — 979 — 
State, county and municipal securities34,195 — 34,195 — 
Corporate debt securities15,926 — 14,771 1,155 
SBA pool securities27,398 — 27,398 — 
Mortgage-backed securities662,028 — 662,028 — 
Loans held for sale392,078 — 392,078 — 
Derivative financial instruments4,580 — 4,580 — 
Mortgage banking derivative instruments3,933 — 3,933 — 
Total recurring assets at fair value$1,900,651 $759,534 $1,139,962 $1,155 
Financial liabilities:
Derivative financial instruments$4,574 $— $4,574 $— 
Total recurring liabilities at fair value$4,574 $— $4,574 $— 
Schedule of Fair Value Measurements of Assets Measured at Fair Value on Non-Recurring Basis
The following table presents the fair value measurements of assets measured at fair value on a non-recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy as of December 31, 2023 and 2022.
Nonrecurring Basis
Fair Value Measurements
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
December 31, 2023
Collateral-dependent loans$36,978 $— $— $36,978 
Other real estate owned5,324 — — 5,324 
Total nonrecurring assets at fair value$42,302 $— $— $42,302 
December 31, 2022
Collateral-dependent loans$31,972 $— $— $31,972 
Total nonrecurring assets at fair value$31,972 $— $— $31,972 
Schedule of Significant Unobservable Inputs Used in Fair Value Measurement of Level 3 Assets and Liabilities
The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets.
(dollars in thousands)Fair ValueValuation
Technique		Unobservable
Inputs		Range of DiscountsWeighted Average Discount
As of December 31, 2023
Recurring:
Debt securities available-for-sale$990 Discounted cash flowsProbability of Default11%11%
Loss Given Default42%42%
Nonrecurring:
Collateral-dependent loans$36,978 Third-party appraisals and discounted cash flowsCollateral
discounts and discount rates
11% - 60%
28%
Other real estate owned$5,324 Third party appraisals
and sales contracts		Collateral
discounts and
estimated
costs to sell
15% - 33%
22%
As of December 31, 2022
Recurring:
Debt securities available-for-sale$1,155 Discounted cash flowsProbability of Default12.1%12.1%
Loss Given Default41%41%
Nonrecurring:
Collateral-dependent loans$31,972 Third-party appraisals and discounted cash flowsCollateral
discounts and discount rates
0% - 48%
27%
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments
The carrying amount and estimated fair value of the Company’s financial instruments, not shown elsewhere in these financial statements, were as follows.
Fair Value Measurements
December 31, 2023
(dollars in thousands)Carrying AmountLevel 1Level 2Level 3Total
Financial assets:
Cash and due from banks$230,470 $230,470 $— $— $230,470 
Federal funds sold and interest-bearing accounts936,834 936,834 — — 936,834 
Debt securities held-to-maturity141,512 — 122,731 — 122,731 
Loans, net19,925,225 — — 19,332,899 19,332,899 
Financial liabilities:
Deposits20,708,509 — 20,707,463 — 20,707,463 
Other borrowings509,586 — 501,723 — 501,723 
Subordinated deferrable interest debentures130,315 — 141,407 — 141,407 
Fair Value Measurements
December 31, 2022
(dollars in thousands)Carrying AmountLevel 1Level 2Level 3Total
Financial assets:
Cash and due from banks$284,567 $284,567 $— $— $284,567 
Federal funds sold and interest-bearing accounts833,565 833,565 — — 833,565 
Debt securities held-to-maturity134,864 — 114,538 114,538 
Loans, net19,617,604 — — 19,067,612 19,067,612 
Financial liabilities:
Deposits19,462,738 — 19,455,187 — 19,455,187 
Other borrowings1,875,736 — 1,861,850 — 1,861,850 
Subordinated deferrable interest debentures128,322 — 125,988 — 125,988