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FAIR VALUE (Tables)
12 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Accounted for or Disclosed at Fair Value
The following tables set forth the Company’s financial assets and liabilities at the December 31 for the years indicated that were accounted for or disclosed at fair value. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

2024
(In thousands)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Assets
Residential mortgage loans held for sale (1)
$ $22,757 $ $22,757 
Available-for-sale debt securities:
U.S. government agencies 82,314  82,314 
State and municipal 234,934  234,934 
Mortgage-backed and asset-backed 823,535  823,535 
Total available-for-sale debt securities 1,140,783  1,140,783 
Interest rate swap agreements 15,361  15,361 
Total assets$ $1,178,901 $ $1,178,901 
Liabilities
Interest rate swap agreements$ $(15,361)$ $(15,361)
Total liabilities$ $(15,361)$ $(15,361)

(1)The outstanding principal balance for residential loans held for sale as of December 31, 2024 was $16.6 million.

2023
(In thousands)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Assets
Residential mortgage loans held for sale (1)
$— $10,836 $— $10,836 
Investments available-for-sale:
U.S. government agencies— 96,927 — 96,927 
State and municipal— 268,214 — 268,214 
Mortgage-backed and asset-backed— 737,540 — 737,540 
Total available-for-sale securities— 1,102,681 — 1,102,681 
Interest rate swap agreements— 15,867 — 15,867 
Total assets$— $1,129,384 $— $1,129,384 
Liabilities
Interest rate swap agreements$— $(15,867)$— $(15,867)
Total liabilities$— $(15,867)$— $(15,867)

(1)The outstanding principal balance for residential loans held for sale as of December 31, 2023 was $10.5 million.
Assets Measured at Fair Value on Nonrecurring Basis
The following tables set forth the Company’s financial assets subject to fair value adjustments on a non-recurring basis at December 31 for the year indicated that are valued at the lower of cost or market. Assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:

2024
(In thousands)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
TotalTotal Losses
Loans (1)
$ $ $ $ $ 
Other real estate owned  $3,265 $3,265 $ 
Total$ $ $3,265 $3,265 $ 
(1)Represent outstanding amount of collateral-dependent non-accrual loans that were written down to the fair value of the underlying collateral. Fair values are determined using actual market prices (Level 2), independent third-party valuations and borrower records, discounted as appropriate (Level 3).


2023
(In thousands)Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
TotalTotal Losses
Loans (1)
$— $— $— $— $— 
Other real estate owned— — — — — 
Total$— $— $— $— $— 
(1)Represent outstanding amount of collateral-dependent non-accrual loans that were written down to the fair value of the underlying collateral. Fair values are determined using actual market prices (Level 2), independent third-party valuations and borrower records, discounted as appropriate (Level 3).
Carrying Amounts And Fair Values of Company's Financial Instruments
The carrying amounts and fair values of the Company’s financial instruments at December 31 for the year indicated are presented in the following table:

Fair Value Measurements
2024Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In thousands)Carrying
Amount
Estimated
Fair
Value
Financial assets:
Cash and cash equivalents$518,963 $518,963 $518,963 $ $ 
Residential mortgage loans held for sale22,757 22,757  22,757  
SBA loans held for sale715 763  763  
Available-for-sale debt securities1,140,783 1,140,783  1,140,783  
Held-to-maturity debt securities215,747 177,854  177,854  
Other investments61,714 61,714  61,714  
Loans, net of allowance11,403,565 10,685,700   10,685,700 
Interest rate swap agreements15,361 15,361  15,361  
Accrued interest receivable45,627 45,627 45,627   
Bank owned life insurance167,343 167,343  167,343  
Financial liabilities:
Time deposits$2,580,578 $2,578,132 $ $2,578,132 $ 
Other deposits9,165,087 9,165,087 9,165,087   
Securities sold under retail repurchase agreements and
federal funds purchased68,911 68,911  68,911  
Advances from FHLB250,000 248,749  248,749  
Subordinated debt371,400 395,176   395,176 
Interest rate swap agreements15,361 15,361  15,361  
Accrued interest payable16,569 16,569 16,569   
Fair Value Measurements
2023Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In thousands)Carrying
Amount
Estimated
Fair
Value
Financial assets:
Cash and cash equivalents$545,898 $545,898 $545,898 $— $— 
Residential mortgage loans held for sale10,836 10,836 — 10,836 — 
Investments available-for-sale1,102,681 1,102,681 — 1,102,681 — 
Held-to-maturity debt securities236,165 200,411 — 200,411 — 
Other investments75,607 75,607 — 75,607 — 
Loans, net of allowance11,246,124 10,476,059 — — 10,476,059 
Interest rate swap agreements15,867 15,867 — 15,867 — 
Accrued interest receivable46,583 46,583 46,583 — — 
Bank owned life insurance158,921 158,921 — 158,921 — 
Financial liabilities:
Time deposits$2,714,555 $2,704,013 $— $2,704,013 $— 
Other deposits8,281,983 8,281,983 8,281,983 — — 
Securities sold under retail repurchase agreements and
federal funds purchased375,032 375,032 — 375,032 — 
Advances from FHLB550,000 547,271 — 547,271 — 
Subordinated debt370,803 348,185 — — 348,185 
Interest rate swap agreements15,867 15,867 — 15,867 — 
Accrued interest payable30,367 30,367 30,367 — —