Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring And Nonrecurring Basis

The following table presents assets and liabilities measured at fair value (in thousands):

	Total		Level 1		Level 2		Level 3
March 31, 2025
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	182,424	$	—	$	182,424	$	—
Mortgage-backed securities:
U.S. Government agencies	1,198,793		—		1,198,793		—
Private label	4,947		—		4,947		—
Trust preferred securities	4,664		—		4,664		—
Corporate securities	25,980		—		25,980		—
Marketable equity securities	6,152		1,683		4,469		—
Derivative assets	47,325		—		47,325		—
Financial Liabilities
Derivative liabilities	42,966		—		42,966		—
Nonrecurring fair value measurements
Non-Financial Assets
Other real estate owned	457		—		—		457
December 31, 2024
Recurring fair value measurements
Financial Assets
Obligations of states and political subdivisions	$	183,751	$	—	$	183,751	$	—
Mortgage-backed securities:
U.S. Government agencies	1,202,081		—		1,202,081		—
Private label	4,933		—		4,933		—
Trust preferred securities	4,746		—		4,746		—
Corporate securities	25,795		—		25,795		—
Marketable equity securities	6,157		1,682		4,475		—
Derivative assets	57,491		—		57,491		—
Financial Liabilities
Derivative liabilities	51,257		—		51,257		—
Nonrecurring fair value measurements
Non-Financial Assets
Other real estate owned	754		—		—		754

Fair Value Measurement Inputs and Valuation Techniques

The following table presents the changes in Level 3 assets recorded at fair value on a recurring basis during the periods indicated (in thousands):

    

	March 31, 2025		December 31, 2024
Beginning balance	$	—	$	1,871
Changes in fair value	—		—
Changes due to principal reduction	—		(1,871)
Ending balance	$	—	$	—

Schedule Of Estimates Of Fair Value Of Financial Instruments

The following table represents the estimates of fair value of financial instruments (in thousands). For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as noninterest-bearing demand, interest-bearing demand and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity.

	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
March 31, 2025
Assets:
Cash and cash equivalents	$	384,705	$	384,705	$	384,705	$	—	$	—
Securities available-for-sale	1,416,808		1,416,808		—		1,416,808		—
Marketable equity securities	6,152		6,152		1,683		4,469		—
Net loans	4,264,155		4,114,910		—		—		4,114,910
Accrued interest receivable	21,603		21,603		—		21,603		—
Derivative assets	47,325		47,325		—		47,325		—
Liabilities:
Deposits	5,258,469		5,159,109		3,892,599		1,266,510		—
Securities sold under agreements to repurchase	347,729		347,729		—		347,729		—
FHLB long-term advances	150,000		150,846		—		150,846		—
Accrued interest payable	6,177		6,177		—		6,177		—
Derivative liabilities	42,966		42,966		—		42,966		—
December 31, 2024
Assets:
Cash and cash equivalents	$	225,389	$	225,389	$	225,389	$	—	$	—
Securities available-for-sale	1,421,306		1,421,306		—		1,421,306		—
Marketable equity securities	6,157		6,157		1,682		4,475		—
Net loans	4,252,854		4,126,124		—		—		4,126,124
Accrued interest receivable	20,650		20,650		—		20,650		—
Derivative assets	57,491		57,491		—		57,491		—
Liabilities:
Deposits	5,144,150		5,039,503		3,799,701		1,239,802		—
Securities sold under agreements to repurchase	325,655		325,655		—		325,655		—
FHLB long-term advances	150,000		149,137		—		149,137		—
Accrued interest payable	6,798		6,798		—		6,798		—
Derivative liabilities	51,257		51,257		—		51,257		—