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FAIR VALUE MEASURES (Tables)
9 Months Ended
Sep. 30, 2025
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, 2025December 31, 2024
Mortgage loans held for sale$599,399 $528,599 
SBA loans held for sale4,737 — 
Total loans held for sale$604,136 $528,599 
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, 2025 and December 31, 2024:

(dollars in thousands) 
September 30, 2025December 31, 2024
Aggregate fair value of mortgage loans held for sale$599,399 $528,599 
Aggregate unpaid principal balance of mortgage loans held for sale585,799 525,071 
Past-due loans of 90 days or more667 — 
Nonaccrual loans667 — 
Unpaid principal balance of nonaccrual loans647 — 

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, 2025 and December 31, 2024:

(dollars in thousands) 
September 30, 2025December 31, 2024
Aggregate fair value of SBA loans held for sale$4,737 $— 
Aggregate unpaid principal balance4,408 — 
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, 2025 and December 31, 2024:

Recurring Basis
Fair Value Measurements
 September 30, 2025
(dollars in thousands) 
Fair ValueLevel 1Level 2Level 3
Financial assets:    
Debt securities available-for-sale:
U.S. Treasuries$684,890 $684,890 $— $— 
State, county and municipal securities21,461 — 21,461 — 
Corporate debt securities10,411 — 9,361 1,050 
SBA pool securities12,912 — 12,912 — 
Mortgage-backed securities1,401,997 — 1,401,997 — 
Loans held for sale604,136 — 604,136 — 
Derivative financial instruments7,133 — 7,133 — 
Mortgage banking derivative instruments5,012 — 5,012 — 
Total recurring assets at fair value$2,747,952 $684,890 $2,062,012 $1,050 
Financial liabilities:    
Derivative financial instruments$7,426 $— $7,426 $— 
Risk participation agreement20 — 20 — 
Mortgage banking derivative instruments1,980 — 1,980 — 
Total recurring liabilities at fair value$9,426 $— $9,426 $— 

Recurring Basis
Fair Value Measurements
 December 31, 2024
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
Financial assets:    
Debt securities available-for-sale:
U.S. Treasuries$796,464 $796,464 $— $— 
U.S. government sponsored agencies994 — 994 — 
State, county and municipal securities24,740 — 24,740 — 
Corporate debt securities10,283 — 9,263 1,020 
SBA pool securities70,482 — 70,482 — 
Mortgage-backed securities768,297 — 768,297 — 
Loans held for sale528,599 — 528,599 — 
Derivative financial instruments8,717 — 8,717 — 
Mortgage banking derivative instruments7,299 — 7,299 — 
Total recurring assets at fair value$2,215,875 $796,464 $1,418,391 $1,020 
Financial liabilities:    
Derivative financial instruments$8,718 $— $8,718 $— 
Risk participation agreement13 — 13 — 
Total recurring liabilities at fair value$8,731 $— $8,731 $— 
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, 2025 and December 31, 2024:

 Nonrecurring Basis
Fair Value Measurements
(dollars in thousands)Fair ValueLevel 1Level 2Level 3
September 30, 2025    
Collateral-dependent loans$31,069 $— $— $31,069 
Other real estate owned1,325 — — 1,325 
Total nonrecurring assets at fair value$32,394 $— $— $32,394 
December 31, 2024    
Collateral-dependent loans$45,697 $— $— $45,697 
Other real estate owned1,010 — — 1,010 
Total nonrecurring assets at fair value$46,707 $— $— $46,707 
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, 2025     
Recurring:     
Debt securities available-for-sale$1,050 Discounted cash flowsProbability of Default10.4%10.4%
Loss Given Default47%47%
Nonrecurring:     
Collateral-dependent loans$31,069 Third-party appraisals and discounted cash flowsCollateral discounts and
discount rates
15% - 50%
32%
Other real estate owned$1,325 Third-party appraisals and sales contractsCollateral discounts and estimated
costs to sell
15% - 22%
16%
December 31, 2024     
Recurring:     
Debt securities available-for-sale$1,020 Discounted cash flowsProbability of Default10.3%10.3%
Loss Given Default45%45%
Nonrecurring:   
Collateral-dependent loans$45,697 Third-party appraisals and discounted cash flowsCollateral discounts and
discount rates
15% - 60%
30%
Other real estate owned$1,010 Third-party appraisals and sales contractsCollateral discounts and estimated
costs to sell
15% - 44%
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
  September 30, 2025
(dollars in thousands)Carrying
Amount
Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$216,927 $216,927 $— $— $216,927 
Interest-bearing deposits in banks826,237 826,237 — — 826,237 
Debt securities held-to-maturity202,581 — 187,612 — 187,612 
Loans, net20,882,011 — — 20,585,880 20,585,880 
Financial liabilities:     
Deposits22,228,078 — 22,225,008 — 22,225,008 
Other borrowings337,094 — 335,978 — 335,978 
Subordinated deferrable interest debentures133,804 — 142,010 — 142,010 

Fair Value Measurements
  December 31, 2024
(dollars in thousands)Carrying
Amount
Level 1Level 2Level 3Total
Financial assets:     
Cash and due from banks$244,980 $244,980 $— $— $244,980 
Interest-bearing deposits in banks975,397 975,397 — — 975,397 
Debt securities held-to-maturity164,677 — 144,028 — 144,028 
Loans, net20,356,125 — — 19,882,553 19,882,553 
Financial liabilities:     
Deposits21,722,448 — 21,721,421 — 21,721,421 
Other borrowings291,788 — 291,213 — 291,213 
Subordinated deferrable interest debentures132,309 — 142,202 — 142,202