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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 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:
March 31, 2026
(dollars in thousands)Level 1Level 2Level 3Total
ASSETS
Available-for-sale debt securities:
U.S. Treasury securities$84,161 $— $— $84,161 
Collateralized mortgage obligations of U.S. government corporations and agencies(1)
— 626,502 — 626,502 
Residential mortgage-backed securities of U.S. government corporations and agencies(1)
— 33,094 — 33,094 
Commercial mortgage-backed securities of U.S. government corporations— 259,505 — 259,505 
Obligations of states and political subdivisions— 4,878 — 4,878 
Total Available-for-Sale Debt Securities84,161 923,979 — 1,008,140 
Equity securities1,378 — — 1,378 
Total Securities Available for Sale85,539 923,979 — 1,009,518 
Securities held in a deferred compensation plan9,453 — — 9,453 
Derivative financial assets:
Interest rate swap contracts - commercial loans— 32,943 — 32,943 
Interest rate lock commitments - mortgage loans— — 34 34 
Total Assets$94,992 $956,922 $34 $1,051,948 
LIABILITIES
Derivative financial liabilities:
Interest rate swap contracts - commercial loans$— $33,200 $— $33,200 
Interest rate swap contracts - cash flow hedge— 1,868 — 1,868 
Total Liabilities$— $35,068 $— $35,068 
(1)Collateralized mortgage obligations and residential mortgage backed securities consist primarily of securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

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— 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.
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques
Significant unobservable inputs used in the fair value measurements of Level 3 assets on a nonrecurring basis at March 31, 2026 and December 31, 2025 were as follows:
(dollars in thousands)March 31, 2026Valuation Technique
Significant Unobservable Inputs(1)
Collateral Adjustment(2)
Loans individually evaluated$1,689Collateral based valuationCollateral adjustments74%
(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.
(dollars in thousands)December 31, 2025Valuation Technique
Significant Unobservable Inputs(1)
Collateral Adjustment(2)
Loans individually evaluated$10,641Collateral based valuationCollateral adjustments10%
(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.
Schedule of Carrying Values and Fair Values 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 March 31, 2026
(dollars in thousands)TotalLevel 1Level 2Level 3
ASSETS
Cash and due from banks, including interest-bearing deposits$339,059 $339,059 $339,059 $— $— 
Securities available for sale1,009,518 1,009,518 85,539 923,979 — 
Loans held for sale694 694 — 694 — 
Portfolio loans, net7,866,111 7,687,285 — — 7,687,285 
Securities held in a deferred compensation plan9,453 9,453 9,453 — — 
Mortgage servicing rights4,958 8,033 — — 8,033 
Interest rate swap contracts - commercial loans32,943 32,943 — 32,943 — 
Interest rate lock commitments - mortgage loans34 34 — — 34 
LIABILITIES
Deposits$8,185,219 $8,180,325 $6,205,727 $1,974,598 $— 
Collateral payable31,087 31,087 31,087 — — 
Short-term borrowings50,000 50,000 — 50,000 — 
Long-term borrowings50,794 50,793 — 50,793 — 
Junior subordinated debt securities49,493 49,493 — 49,493 — 
Interest rate swap contracts - commercial loans33,200 33,200 — 33,200 — 
Interest rate swap contracts - cash flow hedge1,868 1,868 — 1,868 — 
(1) As reported in the Consolidated Balance Sheets
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 swaps - commercial loans33,669 33,669 — 33,669 — 
Interest rate lock commitments81 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 swaps - commercial loans33,990 33,990 — 33,990 — 
Interest rate swaps - cash flow hedge2,024 2,024 — 2,024 — 
(1) As reported in the Consolidated Balance Sheets