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FAIR VALUE MEASURES (Tables)
 9 Months Ended
Sep. 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)September 30, 2024December 31, 2023
Mortgage loans held for sale$552,778 $281,332 
SBA loans held for sale601 — 
Total loans held for sale$553,379 $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 September 30, 2024 and December 31, 2023:

(dollars in thousands) 
September 30, 2024December 31, 2023
Aggregate fair value of mortgage loans held for sale$552,778 $281,332 
Aggregate unpaid principal balance of mortgage loans held for sale540,985 273,915 
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 September 30, 2024 and December 31, 2023:

(dollars in thousands) 
September 30, 2024December 31, 2023
Aggregate fair value of SBA loans held for sale$601 $— 
Aggregate unpaid principal balance of SBA loans held for sale561 — 
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 September 30, 2024 and December 31, 2023:

Recurring Basis
Fair Value Measurements
 September 30, 2024
(dollars in thousands) 
Fair ValueLevel 1Level 2Level 3
Financial assets:    
Debt securities available-for-sale:
U.S. Treasuries$630,671 $630,671 $— $— 
U.S. government sponsored agencies995 — 995 — 
State, county and municipal securities25,929 — 25,929 — 
Corporate debt securities10,226 — 9,251 975 
SBA pool securities74,192 — 74,192 — 
Mortgage-backed securities699,539 — 699,539 — 
Loans held for sale553,379 — 553,379 — 
Derivative financial instruments6,590 — 6,590 
Mortgage banking derivative instruments5,061 — 5,061 — 
Total recurring assets at fair value$2,006,582 $630,671 $1,374,936 $975 
Financial liabilities:    
Derivative financial instruments$7,007 $— $7,007 $— 
Risk participation agreement48 — 48 — 
Mortgage banking derivative instruments1,982 — 1,982 — 
Total recurring liabilities at fair value$9,037 $— $9,037 $— 

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 September 30, 2024 and December 31, 2023:

 Nonrecurring Basis
Fair Value Measurements
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
September 30, 2024    
Collateral-dependent loans$45,532 $— $— $45,532 
Other real estate owned7,537 — — 7,537 
Total nonrecurring assets at fair value$53,069 $— $— $53,069 
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
September 30, 2024     
Recurring:     
Debt securities available-for-sale$975 Discounted cash flowsProbability of Default10%10%
Loss Given Default43%43%
Nonrecurring:     
Collateral-dependent loans$45,532 Third-party appraisals and discounted cash flowsCollateral discounts and
discount rates
15% - 66%
33%
Other real estate owned$7,537 Third-party appraisals and sales contractsCollateral discounts and estimated
costs to sell
15% - 66%
33%
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
  September 30, 2024
(dollars in thousands)Carrying
Amount		Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$231,515 $231,515 $— $— $231,515 
Interest-bearing deposits in banks1,127,641 1,127,641 — — 1,127,641 
Debt securities held-to-maturity161,220 — 145,714 — 145,714 
Loans, net20,584,992 — — 20,091,402 20,091,402 
Financial liabilities:     
Deposits21,879,265 — 21,876,260 — 21,876,260 
Other borrowings346,446 — 339,973 — 339,973 
Subordinated deferrable interest debentures131,811 — 144,819 — 144,819 

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