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NOTE 8 - FAIR VALUE (Tables)

3 Months Ended

Mar. 31, 2026

Notes Tables

Schedule of assets measured at fair value


					Fair Value Measurements at Reporting Date Using
					Quoted Prices			Significant
					in Active			Other			Significant
					Markets for			Observable			Unobservable
					Identical Assets			Inputs			Inputs
		Fair Value			(Level 1)			(Level 2)			(Level 3)

		(dollars in thousands)
March 31, 2026:
Securities AFS:
U.S. treasuries and govt. sponsored agency securities		$	15,059		$	—		$	15,059		$	—
Residential mortgage-backed and related securities			86,222			—			86,222			—
Municipal securities			160,247			—			160,247			—
Asset-backed securities			4,076			—			4,076			—
Corporate securities			24,502			—			24,502			—
Securities trading			82,728			—			—			82,728
Derivatives			209,836			—			209,836			—
Total assets measured at fair value		$	582,670		$	—		$	499,942		$	82,728

Derivatives		$	149,836		$	—		$	149,836		$	—
Total liabilities measured at fair value		$	149,836		$	—		$	149,836		$	—


December 31, 2025:
Securities AFS:
U.S. treasuries and govt. sponsored agency securities		$	16,024		$	—		$	16,024		$	—
Residential mortgage-backed and related securities			68,855			—			68,855			—
Municipal securities			163,085			—			163,085			—
Asset-backed securities			4,439			—			4,439			—
Corporate securities			27,374			—			27,374			—
Securities trading			83,857			—			—			83,857
Derivatives			188,409			—			188,409			—
Total assets measured at fair value		$	552,043		$	—		$	468,186		$	83,857

Derivatives		$	137,051		$	—		$	137,051		$	—
Total liabilities measured at fair value		$	137,051		$	—		$	137,051		$	—


					Fair Value Measurements at Reporting Date Using
					Quoted Prices			Significant
					in Active			Other			Significant
					Markets for			Observable			Unobservable
					Identical Assets			Inputs			Inputs
		Fair Value			Level 1			Level 2			Level 3

		(dollars in thousands)

March 31, 2026:
Loans/leases evaluated individually		$	44,105		$	—		$	—		$	44,105
OREO			583			—			—			583
		$	44,688		$	—		$	—		$	44,688

December 31, 2025:
Loans/leases evaluated individually		$	47,183		$	—		$	—		$	47,183
OREO			583			—			—			583
		$	47,766		$	—		$	—		$	47,766

Schedule of changes in fair value of trading securities



		Three Months Ended
		March 31, 2026			March 31, 2025


Balance at the beginning of the period		$	83,857		$	83,529
Paydowns			(44)			(40)
Premium amortization			(233)			(235)
Fair value gain			(852)			(809)
Balance at the end of the period		$	82,728		$	82,445

Schedule of assets measured at fair value, valuation techniques


		Quantitative Information about Level Fair Value Measurements
		Fair Value			Fair Value
		March 31,			December 31,
		2026			2025			Valuation Technique		Unobservable Input		Range

		(dollars in thousands)

Loans/leases evaluated individually		$	44,105		$	47,183		Appraisal of collateral		Appraisal adjustments		-10.00	%	to		-30.00	%
OREO			583			583		Appraisal of collateral		Appraisal adjustments		0.00	%	to		-35.00	%

Schedule of assets and liabilities measured at fair value


		Fair Value		As of March 31, 2026						As of December 31, 2025
		Hierarchy		Carrying			Estimated			Carrying			Estimated
		Level		Value			Fair Value			Value			Fair Value

				(dollars in thousands)

Cash and due from banks		Level 1		$	80,038		$	80,038		$	76,494		$	76,494
Federal funds sold		Level 2			950			950			23,150			23,150
Interest-bearing deposits at financial institutions		Level 2			38,340			38,340			53,249			53,249
Investment securities:
HTM		Level 2			951,916			840,740			948,676			857,663
AFS		Level 2			290,106			290,106			279,777			279,777
Trading		Level 3			82,728			82,728			83,857			83,857
Loans/leases receivable, net		Level 3			40,838			44,105			43,688			47,183
Loans/leases receivable, net		Level 2			7,159,203			6,934,233			7,033,140			6,794,019
Derivatives		Level 2			209,836			209,836			192,426			192,426

Deposits:
Nonmaturity deposits		Level 2			6,628,462			6,628,462			6,145,194			6,145,194
Time deposits		Level 2			1,142,388			1,140,593			1,269,004			1,268,442
Short-term borrowings		Level 2			1,950			1,950			2,650			2,650
FHLB advances		Level 2			25,609			24,512			245,383			244,237
Other borrowings		Level 2			107,457			100,155			107,395			100,634
Subordinated notes		Level 2			234,217			237,610			234,122			237,648
Junior subordinated debentures		Level 2			49,024			43,443			48,991			42,997
Derivatives		Level 2			149,836			149,836			214,327			214,327

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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