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Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Assets and Liabilities Recorded at Fair Value on a Recurring Basis
The following tables present our assets and liabilities that are measured at fair value on a recurring basis by fair value hierarchy level at the dates presented:
December 31, 2025
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$84,507 $— $— $84,507 
Collateralized mortgage obligations of U.S. government corporations and agencies(1)
— 624,263 — 624,263 
Residential mortgage-backed securities of U.S. government corporations and agencies(1)
— 31,336 — 31,336 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 241,262 — 241,262 
Obligations of states and political subdivisions— 4,909 — 4,909 
Total Available-for-Sale Debt Securities84,507 901,770 — 986,277 
Equity securities1,382 — — 1,382 
Total Securities Available for Sale85,889 901,770 — 987,659 
Securities held in a deferred compensation plan14,212 — — 14,212 
Derivative financial assets:
Interest rate swap contracts - commercial loans— 33,669 — 33,669 
Interest rate lock commitments - mortgage loans— — 81 81 
Total Assets$100,101 $935,439 $81 $1,035,621 
LIABILITIES
Derivative financial liabilities:
Interest rate swap contracts - commercial loans$— $33,990 $— $33,990 
Interest rate swap contracts - cash flow hedge— 2,024 — 2,024 
Total Liabilities$— $36,014 $— $36,014 
(1)Collateralized mortgage obligations and residential mortgage backed securities consist primarily of securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

December 31, 2024
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$92,768 $— $— $92,768 
Obligations of U.S. government corporations and agencies— 15,071 — 15,071 
Collateralized mortgage obligations of U.S. government corporations and agencies(1)
— 596,284 — 596,284 
Residential mortgage-backed securities of U.S. government corporations and agencies(1)
— 33,207 — 33,207 
Commercial mortgage-backed securities of U.S. government corporations and agencies— 224,798 — 224,798 
Obligations of states and political subdivisions— 24,287 — 24,287 
Total Available-for-Sale Debt Securities92,768 893,647 — 986,415 
Equity securities1,176 — — 1,176 
Total Securities Available for Sale93,944 893,647 — 987,591 
Securities held in a deferred compensation plan10,876 — — 10,876 
Derivative financial assets:
Interest rate swap contracts - commercial loans— 60,890 — 60,890 
Total Assets$104,820 $954,537 $— $1,059,357 
LIABILITIES
Derivative financial liabilities:
Interest rate swap contracts - commercial loans$— $61,271 $— $61,271 
Interest rate swap contracts - cash flow hedge— 9,589 — 9,589 
Total Liabilities$— $70,860 $— $70,860 
(1)Collateralized mortgage obligations and residential mortgage backed securities consist primarily of securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.
Assets Recorded at Fair Value on a Nonrecurring Basis
We may be required to measure certain assets and liabilities at fair value on a nonrecurring basis. These assets and liabilities are recorded at the lower of cost or fair value in our consolidated financial statements and are remeasured only when events or circumstances indicate impairment. There were no liabilities measured at fair value on a nonrecurring basis at both December 31, 2025 and December 31, 2024. There was $10.6 million Level 3 and $5.3 million Level 2 individually evaluated loans measured at fair value on a nonrecurring basis during the year ended December 31, 2025. During the year ended December 31, 2024, individually evaluated loans of $6.8 million were measured at fair value and classified as Level 3 on a nonrecurring basis.
Significant unobservable inputs used in the fair value measurements of Level 3 assets on a nonrecurring basis during the years ended December 31, 2025 and December 31, 2024 were as follows:
2025Valuation TechniqueSignificant Unobservable Inputs
Range(2)
Weighted Average
(dollars in thousands)
Loans individually evaluated$10,641Collateral based valuation
Collateral adjustments(1)
10.00%-10.00%10.00%
(1)Represents discount adjustments to collateral values related to anticipated collection rates of accounts receivable based on management judgment.
(2)Represents the collateral adjustment of one loan
2024Valuation TechniqueSignificant Unobservable InputsRangeWeighted Average
(dollars in thousands)
Loans individually evaluated$6,830Appraisals of collateral
Appraisal adjustments(1)
20.00%-75.00%63.06%
(1)Represents discount adjustments to appraised values related to market conditions and liquidation estimates based on management judgment.
Fair Value of Financial Instruments
The following tables present the carrying values and fair values of our financial instruments at the dates presented:
Carrying
Value(1)
Fair Value Measurements at December 31, 2025
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$163,436 $163,436 $163,436 $— $— 
Securities available for sale987,659 987,659 85,889 901,770 — 
Loans held for sale1,010 1,010 — 1,010 
Portfolio loans, net7,978,779 7,807,824 — — 7,807,824 
Collateral receivable2 2 2 — — 
Securities held in a deferred compensation plan14,212 14,212 14,212 — — 
Mortgage servicing rights5,034 8,034 — — 8,034 
Interest rate swap contracts - commercial loans33,669 33,669 — 33,669 — 
Interest rate lock commitments - mortgage loans81 81 — — 81 
LIABILITIES
Deposits$7,958,831 $7,956,632 $6,010,039 $1,946,593 $— 
Collateral payable26,964 26,964 26,964 — — 
Short-term borrowings165,000 165,000 — 165,000 — 
Long-term borrowings50,815 50,856 — 50,856 — 
Junior subordinated debt securities49,478 49,478 — 49,478 — 
Interest rate swap contracts - commercial loans33,990 33,990 — 33,990 — 
Interest rate swap contracts - cash flow hedge2,024 2,024 — 2,024 — 
(1) As reported in the Consolidated Balance Sheets
Carrying
Value(1)
Fair Value Measurements at December 31, 2024
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$244,820 $244,820 $244,820 $— $— 
Securities available for sale987,591 987,591 93,944 893,647 — 
Portfolio loans, net7,641,464 7,362,898 — — 7,362,898 
Collateral receivable2,034 2,034 2,034 — — 
Securities held in a deferred compensation plan10,876 10,876 10,876 — — 
Mortgage servicing rights5,646 8,533 — — 8,533 
Interest rate swaps - commercial loans60,890 60,890 — 60,890 — 
LIABILITIES
Deposits$7,783,117 $7,778,740 $5,916,154 $1,862,586 $— 
Collateral payable52,516 52,516 52,516 — — 
Short-term borrowings150,000 150,000 — 150,000 — 
Long-term borrowings50,896 50,652 — 50,652 — 
Junior subordinated debt securities49,418 49,418 — 49,418 — 
Interest rate swaps - commercial loans61,271 61,271 — 61,271 — 
Interest rate swaps - cash flow hedge9,589 9,589 — 9,589 — 
(1) As reported in the Consolidated Balance Sheets