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FAIR VALUE MEASURES (Tables)
 6 Months Ended
Jun. 30, 2024
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:

(dollars in thousands)June 30, 2024December 31, 2023
Mortgage loans held for sale$569,477 $281,332 
SBA loans held for sale703 — 
Total loans held for sale$570,180 $281,332 
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 June 30, 2024 and December 31, 2023:

(dollars in thousands) 
June 30, 2024December 31, 2023
Aggregate fair value of mortgage loans held for sale$569,477 $281,332 
Aggregate unpaid principal balance of mortgage loans held for sale559,626 273,915 
Past-due loans of 90 days or more— 781 
Nonaccrual loans— 781 
Unpaid principal balance of nonaccrual loans— 774 

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 June 30, 2024 and December 31, 2023:

(dollars in thousands) 
June 30, 2024December 31, 2023
Aggregate fair value of SBA loans held for sale$703 $— 
Aggregate unpaid principal balance of SBA loans held for sale627 — 
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 June 30, 2024 and December 31, 2023:

Recurring Basis
Fair Value Measurements
 June 30, 2024
(dollars in thousands) 
Fair ValueLevel 1Level 2Level 3
Financial assets:    
Debt securities available-for-sale:
U.S. Treasuries$755,212 $755,212 $— $— 
U.S. government sponsored agencies981 — 981 — 
State, county and municipal securities26,560 — 26,560 — 
Corporate debt securities10,001 — 9,056 945 
SBA pool securities76,265 — 76,265 — 
Mortgage-backed securities662,028 — 662,028 — 
Loans held for sale570,180 — 570,180 — 
Derivative financial instruments10,327 — 10,327 — 
Mortgage banking derivative instruments5,255 — 5,255 — 
Total recurring assets at fair value$2,116,809 $755,212 $1,360,652 $945 
Financial liabilities:    
Derivative financial instruments$10,406 $— $10,406 $— 
Risk participation agreement24 24 
Total recurring liabilities at fair value$10,430 $— $10,430 $— 

Recurring Basis
Fair Value Measurements
 December 31, 2023
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
Financial assets:    
Debt securities available-for-sale:
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 $— 
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 June 30, 2024 and December 31, 2023:

 Nonrecurring Basis
Fair Value Measurements
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
June 30, 2024    
Collateral-dependent loans$53,022 $— $— $53,022 
Other real estate owned1,201 — — 1,201 
Total nonrecurring assets at fair value$54,223 $— $— $54,223 
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 
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 InputsRange of
Discounts		Weighted
Average
Discount
June 30, 2024     
Recurring:     
Debt securities available-for-sale$945 Discounted cash flowsProbability of Default11%11%
Loss Given Default43%43%
Nonrecurring:     
Collateral-dependent loans$53,022 Third-party appraisals and discounted cash flowsCollateral discounts and
discount rates
15% - 60%
29%
Other real estate owned$1,201 Third-party appraisals and sales contractsCollateral discounts and estimated
costs to sell
15% - 32%
17%
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 contractsCollateral discounts and estimated
costs to sell
15% - 33%
22%
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
  June 30, 2024
(dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$257,297 $257,297 $— $— $257,297 
Interest-bearing deposits in banks1,104,897 1,104,897 — — 1,104,897 
Debt securities held-to-maturity148,538 — 128,298 — 128,298 
Loans, net20,603,363 — — 20,064,808 20,064,808 
Financial liabilities:     
Deposits21,444,143 — 21,446,565 — 21,446,565 
Other borrowings946,413 — 936,511 — 936,511 
Subordinated deferrable interest debentures131,312 — 142,058 — 142,058 

Fair Value Measurements
  December 31, 2023
(dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$230,470 $230,470 $— $— $230,470 
Interest-bearing deposits in banks936,834 936,834 — — 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