Fair Value (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Fair Value of Assets Measured on Recurring and Nonrecurring Basis

Under ASC Topic 820, fair value measurements for items measured at fair value on a recurring and nonrecurring basis at December 31, 2025 and December 31, 2024 included:


	Fair Value		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
(In thousands)	Measurements		Level 1		Level 2		Level 3
At December 31, 2025
Financial Assets
Debt securities AFS1	$	5,164,567	$	200	$	5,164,367	$	—
Derivative financial instruments2	28,620		—		28,125		495
Loans held for sale2	16,297		—		16,297		—

OREO3	4,250		—		—		4,250
Equity securities4	13,923		13,923		—		—
MSR5	28,061		—		—		28,061
Financial Liabilities
Derivative financial instruments2	$	25,483	$	—	$	25,389	$	94

At December 31, 2024
Financial Assets
Debt securities AFS1	$	2,226,543	$	196	$	2,226,347	$	—
Derivative financial instruments2	28,741		—		28,741		—
Loans held for sale2	17,277		—		17,277		—
Loans3	1,839		—		—		1,839
OREO3	6,421		—		—		6,421
Equity securities4	13,521		13,521		—		—
Financial Liabilities
Derivative financial instruments2	$	28,305	$	—	$	28,305	$	—
1See “Note 3 - Securities” for further detail of fair value of individual investment categories.
2Recurring fair value basis determined using observable market data for level 2 inputs. Level 3 inputs utilize a market approach that incorporates a pull-through rate assumption.
3Fair value is measured on a nonrecurring basis.
4Investment in shares of mutual funds that invest primarily in CRA-qualified debt securities, reported at fair value in Other Assets. Recurring fair value basis is determined using market quotations with fair value adjustments are recognized in earnings.
5Recurring fair value basis determined using unobservable market data. See Note 8 - Goodwill and Acquired Intangible Assets for additional information on assumptions utilized.

Schedule of Carrying Amount and Fair Value of Other Significant Financial Instruments Not Measured on a Recurring Basis

The carrying amount and fair value of the Company's other financial instruments that were not disclosed previously in the balance sheet and for which carrying amount is not fair value as of December 31, 2025 and December 31, 2024 is as follows:


	Carrying		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Other Unobservable Inputs
(In thousands)	Amount		Level 1		Level 2		Level 3
At December 31, 2025
Financial Assets
HTM debt securities1	$	586,178	$	—	$	489,560	$	—
Time deposits with other banks	14,424		—		13,455		—
Loans, net	12,449,181		—		—		12,263,824
Financial Liabilities
Deposits	16,256,343		—		—		16,257,291
FHLB borrowings	835,000		—		833,483		—
Subordinated debt	95,161		—		90,248		—

At December 31, 2024
Financial Assets
HTM debt securities1	$	635,186	$	—	$	507,594	$	—
Time deposits with other banks	3,215		—		3,194		—
Loans, net	10,160,056		—		—		10,019,964
Financial Liabilities
Deposits	12,242,427		—		—		12,242,205
FHLB borrowings	245,000		—		243,795		—
Long-term debt	106,966		—		95,563		—
1See “Note 3 - Securities” for further detail of recurring fair value basis of individual investment categories.