XML 55 R45.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value Measurement of Assets and Liabilities - Recurring and Non-Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investment securities:    
Equity securities $ 69,105 $ 64,464
Trading debt securities 3,979 3,973
Available for sale debt securities:    
Available for sale debt securities 2,212,092 1,296,576
Loans held for sale 11,137 20,640
Non-recurring fair value measurements:    
Unpaid principal balances of loans held for sale 11,000 20,100
U.S. Treasury securities    
Available for sale debt securities:    
Available for sale debt securities 286,274 288,157
U.S. government agency securities    
Available for sale debt securities:    
Available for sale debt securities 22,766 23,702
Obligations of states and political subdivisions    
Available for sale debt securities:    
Available for sale debt securities 188,688 191,690
Residential mortgage-backed securities    
Available for sale debt securities:    
Available for sale debt securities 1,535,690 626,572
Corporate and other debt securities    
Available for sale debt securities:    
Available for sale debt securities 178,674 166,455
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements    
Investment securities:    
Equity securities 23,094 23,307
Trading debt securities 3,979 3,973
Available for sale debt securities:    
Available for sale debt securities 286,274 288,157
Loans held for sale 0 0
Other assets 0 0
Total assets 313,347 315,437
Liabilities    
Other liabilities 0 0
Total liabilities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | U.S. Treasury securities    
Available for sale debt securities:    
Available for sale debt securities 286,274 288,157
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | U.S. government agency securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | Obligations of states and political subdivisions    
Available for sale debt securities:    
Available for sale debt securities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | Residential mortgage-backed securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring fair value measurements | Corporate and other debt securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Non-recurring fair value measurements    
Non-recurring fair value measurements:    
Non-performing loan held for sale 0 0
Collateral dependent loans 0 0
Foreclosed assets 0 0
Total 0 0
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements    
Investment securities:    
Equity securities 0 0
Trading debt securities 0 0
Available for sale debt securities:    
Available for sale debt securities 1,925,818 1,008,419
Loans held for sale 11,137 20,640
Other assets 514,661 466,227
Total assets 2,451,616 1,495,286
Liabilities    
Other liabilities 531,746 488,103
Total liabilities 531,746 488,103
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | U.S. Treasury securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | U.S. government agency securities    
Available for sale debt securities:    
Available for sale debt securities 22,766 23,702
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Obligations of states and political subdivisions    
Available for sale debt securities:    
Available for sale debt securities 188,688 191,690
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Residential mortgage-backed securities    
Available for sale debt securities:    
Available for sale debt securities 1,535,690 626,572
Significant Other Observable Inputs (Level 2) | Recurring fair value measurements | Corporate and other debt securities    
Available for sale debt securities:    
Available for sale debt securities 178,674 166,455
Significant Other Observable Inputs (Level 2) | Non-recurring fair value measurements    
Non-recurring fair value measurements:    
Non-performing loan held for sale 8,750 10,000
Collateral dependent loans 0 0
Foreclosed assets 0 0
Total 8,750 10,000
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements    
Investment securities:    
Equity securities 0 0
Trading debt securities 0 0
Available for sale debt securities:    
Available for sale debt securities 0 0
Loans held for sale 0 0
Other assets 0 0
Total assets 0 0
Liabilities    
Other liabilities 0 0
Total liabilities 0 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | U.S. Treasury securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | U.S. government agency securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | Obligations of states and political subdivisions    
Available for sale debt securities:    
Available for sale debt securities 0 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | Residential mortgage-backed securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurements | Corporate and other debt securities    
Available for sale debt securities:    
Available for sale debt securities 0 0
Significant Unobservable Inputs (Level 3) | Non-recurring fair value measurements    
Non-recurring fair value measurements:    
Non-performing loan held for sale 0 0
Collateral dependent loans 112,575 90,580
Foreclosed assets 9,666 1,444
Total 122,241 92,024
Fair Value | Recurring fair value measurements    
Investment securities:    
Trading debt securities 3,979 3,973
Available for sale debt securities:    
Available for sale debt securities 2,212,092 1,296,576
Loans held for sale 11,137 20,640
Other assets 514,661 466,227
Total assets 2,777,122 1,822,849
Liabilities    
Other liabilities 531,746 488,103
Total liabilities 531,746 488,103
Fair Value | Recurring fair value measurements | U.S. Treasury securities    
Available for sale debt securities:    
Available for sale debt securities 286,274 288,157
Fair Value | Recurring fair value measurements | U.S. government agency securities    
Available for sale debt securities:    
Available for sale debt securities 22,766 23,702
Fair Value | Recurring fair value measurements | Obligations of states and political subdivisions    
Available for sale debt securities:    
Available for sale debt securities 188,688 191,690
Fair Value | Recurring fair value measurements | Residential mortgage-backed securities    
Available for sale debt securities:    
Available for sale debt securities 1,535,690 626,572
Fair Value | Recurring fair value measurements | Corporate and other debt securities    
Available for sale debt securities:    
Available for sale debt securities 178,674 166,455
Fair Value | Non-recurring fair value measurements    
Non-recurring fair value measurements:    
Non-performing loan held for sale 8,750 10,000
Collateral dependent loans 112,575 90,580
Foreclosed assets 9,666 1,444
Total 130,991 102,024
Fair Value | Fair Value, Inputs, Level 1, Level 2, and Level 3 | Recurring fair value measurements    
Investment securities:    
Equity securities 23,094 23,307
Fair Value | Significant Unobservable Inputs (Level 3)    
Investment securities:    
Equity securities 33,852 29,031
Fair Value | NAV | Recurring fair value measurements    
Investment securities:    
Equity securities $ 12,159 $ 12,126