Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Estimated Fair Values of Financial Instruments

The following tables present estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall.


	September 30, 2025
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	$	76,395	$	76,395	$	—	$	—
Interest- bearing deposits in banks	381,860		381,860		—		—
Federal funds sold	—		—		—		—
Cash and cash equivalents	458,255		458,255		—		—


Loans held for sale	1,921		—		—		1,921
Loans, net	4,773,491		—		—		4,630,621
Stock in FHLB	45,713		—		45,713		—

Liabilities
Non-interest bearing deposits	$	1,122,888	$	1,122,888	$	—	$	—
Interest bearing deposits	4,398,013		3,198,332		1,197,211		—
Borrowings	247,172		—		246,978		—
Subordinated notes	154,011		—		154,981		—
Junior subordinated debentures issued to capital trusts	57,636		—		52,155		—
Interest payable	12,395		—		12,395		—


	December 31, 2024
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	$	92,300	$	92,300	$	—	$	—
Interest-earning deposits	201,131		201,131		—		—
Federal funds sold	—		—		—		—
Cash and cash equivalents	293,431		293,431		—		—
Interest earnings time deposits	735		—		735		—
Investment securities, held to maturity	1,867,690		—		1,566,268		—
Loans held for sale	67,597		—		64,824		2,773
Loans (excluding loan level hedges), net	4,795,060		—		—		4,611,702
Stock in FHLB	53,826		—		53,826		—

Liabilities
Non-interest bearing deposits	$	1,064,818	$	1,064,818	$	—	$	—
Interest bearing deposits	4,535,834		3,446,680		1,084,986		—
Borrowings	1,232,252		—		1,230,860		—
Subordinated notes	55,738		—		55,284		—
Junior subordinated debentures issued to capital trusts	57,477		—		48,559		—
Interest payable	11,137		—		11,137		—