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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present assets and liabilities that are measured at fair value on a recurring basis as of the dates presented:
 
Level 1Level 2Level 3Totals
March 31, 2026
Financial assets:
Securities available for sale$— $2,809,647 $— $2,809,647 
Derivative instruments— 43,578 — 43,578 
Mortgage loans held for sale in loans held for sale— 230,980 — 230,980 
Total financial assets$— $3,084,205 $— $3,084,205 
Financial liabilities:
Derivative instruments:$— $35,553 $— $35,553 

Level 1Level 2Level 3Totals
December 31, 2025
Financial assets:
Securities available for sale$— $2,560,818 $— $2,560,818 
Derivative instruments— 47,098 — 47,098 
Mortgage loans held for sale in loans held for sale— 265,959 — 265,959 
Total financial assets$— $2,873,875 $— $2,873,875 
Financial liabilities:
Derivative instruments$— $41,484 $— $41,484 
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis The following tables provide the fair value measurement for assets measured at fair value on a nonrecurring basis that were still held on the Consolidated Balance Sheets as of the dates presented and the level within the fair value hierarchy each is classified:
 
March 31, 2026Level 1Level 2Level 3Totals
Collateral dependent loans$— $— $42,758 $42,758 
OREO— — 1,179 1,179 
Total$— $— $43,937 $43,937 
 
December 31, 2025Level 1Level 2Level 3Totals
Collateral dependent loans$— $— $87,680 $87,680 
OREO— — $3,538 3,538 
Total$— $— $91,218 $91,218 
Schedule of OREO Measured at Fair Value on a Nonrecurring Basis
The following table presents, as of the dates presented, OREO measured at fair value on a nonrecurring basis that was still held on the Consolidated Balance Sheets at period-end:
 
March 31,
2026
December 31, 2025
Carrying amount prior to remeasurement$1,390 $4,182 
Impairment recognized in results of operations(211)(644)
Fair value$1,179 $3,538 
Schedule of Significant Unobservable Inputs (Level 3) Used in Valuation of Assets and Liabilities Measured at Fair Value on Non Recurring Basis
The following table presents information as of March 31, 2026 about significant unobservable inputs (Level 3) used in the valuation of assets measured at fair value on a nonrecurring basis:
 
Financial instrumentFair
Value
Valuation TechniqueSignificant
Unobservable Inputs
Inputs
Collateral dependent loans, net of allowance for credit losses$42,758 Appraised value of collateral less estimated costs to sellEstimated costs to sell
10%
OREO$1,179 Appraised value of property less estimated costs to sellEstimated costs to sell
 10%
Schedule of Differences Between Fair Value and Principal Balance for Mortgage Loans Held for Sale Measure at Fair Value
The following table summarizes the differences between the fair value and the principal balance for mortgage loans held for sale measured at fair value as of March 31, 2026 and December 31, 2025:
 
Aggregate
Fair Value
Aggregate
Unpaid
Principal
Balance
Difference
March 31, 2026
Mortgage loans held for sale measured at fair value$230,980 $228,059 $2,921 
December 31, 2025
Mortgage loans held for sale measured at fair value$265,959 $260,841 $5,118 
Schedule of Assets and Liabilities Not Measured and Reported at Fair Value on a Recurring Basis or Nonrecurring Basis
The carrying amounts and estimated fair values of the Company’s financial instruments, including those assets and liabilities that are not measured and reported at fair value on a recurring basis or nonrecurring basis, were as follows as of the dates presented:
 
  Fair Value
As of March 31, 2026Carrying
Value
Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$1,216,980 $1,216,980 $— $— $1,216,980 
Securities held to maturity1,006,511 — 928,696 — 928,696 
Securities available for sale2,809,647 — 2,809,647 — 2,809,647 
Loans held for sale230,980 — 230,980 — 230,980 
Loans, net18,679,386 — — 18,575,666 18,575,666 
Mortgage servicing rights64,850 — — 85,082 85,082 
Derivative instruments43,578 — 43,578 — 43,578 
Financial liabilities
Deposits$22,099,484 $22,091,013 $— $22,091,013 
Short-term borrowings305,863 — 305,863 — 305,863 
Junior subordinated debentures140,908 — 126,976 — 126,976 
Subordinated notes359,434 — 351,755 — 351,755 
Derivative instruments35,553 — 35,553 — 35,553 
 
  Fair Value
As of December 31, 2025Carrying
Value
Level 1Level 2Level 3Total
Financial assets
Cash and cash equivalents$1,070,718 $1,070,718 $— $— $1,070,718 
Securities held to maturity1,030,073 — 961,870 — 961,870 
Securities available for sale2,560,818 — 2,560,818 — 2,560,818 
Loans held for sale265,959 — 265,959 — 265,959 
Loans, net18,753,084 — — 18,689,957 18,689,957 
Mortgage servicing rights65,271 — — 80,537 80,537 
Derivative instruments47,098 — 47,098 — 47,098 
Financial liabilities
Deposits$21,473,070 $— $21,465,168 $— $21,465,168 
Short-term borrowings555,774 — 555,774 — 555,774 
Junior subordinated debentures140,632 — 126,976 — 126,976 
Subordinated notes359,124 — 352,616 — 352,616 
Derivative instruments41,484 — 41,484 — 41,484