Securities (Tables)

9 Months Ended

Sep. 30, 2025

Securities

Schedule of amortized cost and fair value of investments classified as available-for-sale

	September 30, 2025
	Amortized		Unrealized		Unrealized
(Dollar amounts in thousands)	Cost		Gains		Losses		Fair Value
U.S. Government agencies	$	87,559	$	95	$	(8,472)	$	79,182
Mortgage Backed Securities - residential		596,918		897		(62,313)		535,502
Mortgage Backed Securities - commercial		12,821		2		(313)		12,510
Collateralized mortgage obligations		176,523		74		(22,736)		153,861
State and municipal obligations		394,013		834		(29,211)		365,636
Municipal taxable		40,200		83		(3,710)		36,573
Collateralized debt obligations		—		2,843		—		2,843
TOTAL	$	1,308,034	$	4,828	$	(126,755)	$	1,186,107

	December 31, 2024
	Amortized		Unrealized		Unrealized
(Dollar amounts in thousands)	Cost		Gains		Losses		Fair Value
U.S. Government agencies	$	90,649	$	3	$	(11,670)	$	78,982
Mortgage Backed Securities-residential		630,556		15		(89,251)		541,320
Mortgage Backed Securities-commercial		14,182		2		(523)		13,661
Collateralized mortgage obligations		190,552		29		(27,555)		163,026
State and municipal obligations		394,696		171		(34,539)		360,328
Municipal taxable		41,162		11		(5,396)		35,777
Collateralized debt obligations		—		2,896		—		2,896
TOTAL	$	1,361,797	$	3,127	$	(168,934)	$	1,195,990

Schedule of contractual maturities of debt securities

	Available-for-Sale
	Amortized		Fair
(Dollar amounts in thousands)	Cost		Value
Due in one year or less	$	11,654	$	11,621
Due after one but within five years		44,532		43,683
Due after five but within ten years		131,477		128,522
Due after ten years		334,109		300,408
		521,772		484,234
Mortgage-backed securities and collateralized mortgage obligations		786,262		701,873
TOTAL	$	1,308,034	$	1,186,107

Schedule of gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position

	September 30, 2025
	Less Than 12 Months				More Than 12 Months				Total
			Unrealized				Unrealized				Unrealized
(Dollar amounts in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
U.S. Government agencies	$	2,970	$	(21)	$	70,049	$	(8,451)	$	73,019	$	(8,472)
Mortgage Backed Securities - Residential		10,126		(1)		462,925		(62,312)		473,051		(62,313)
Mortgage Backed Securities - Commercial		5,963		(138)		5,246		(175)		11,209		(313)
Collateralized mortgage obligations		—		—		144,998		(22,736)		144,998		(22,736)
State and municipal obligations		36,044		(358)		225,304		(28,853)		261,348		(29,211)
Municipal taxable		—		—		32,079		(3,710)		32,079		(3,710)
Total temporarily impaired securities	$	55,103	$	(518)	$	940,601	$	(126,237)	$	995,704	$	(126,755)

	December 31, 2024
	Less Than 12 Months				More Than 12 Months				Total
			Unrealized				Unrealized				Unrealized
(Dollar amounts in thousands)	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
U.S. Government agencies	$	3,696	$	(107)	$	74,636	$	(11,563)	$	78,332	$	(11,670)
Mortgage Backed Securities - Residential		51,996		(1,113)		481,270		(88,138)		533,266		(89,251)
Mortgage Backed Securities - Commercial		6,937		(161)		5,388		(362)		12,325		(523)
Collateralized mortgage obligations		85		—		158,244		(27,555)		158,329		(27,555)
State and municipal obligations		89,321		(953)		232,247		(33,586)		321,568		(34,539)
Municipal taxable		1,587		(20)		31,918		(5,376)		33,505		(5,396)
Total temporarily impaired securities	$	153,622	$	(2,354)	$	983,703	$	(166,580)	$	1,137,325	$	(168,934)

Schedule of credit losses recognized in earnings

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollar amounts in thousands)	2025		2024		2025		2024
Beginning balance	$	2,974	$	2,974	$	2,974	$	2,974
Reductions for securities called during the period		—		—		—		—
Ending balance	$	2,974	$	2,974	$	2,974	$	2,974