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NOTE 8 - FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 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)
September 30, 2026:
Securities AFS:
U.S. treasuries and govt. sponsored agency securities		$	13,356		$	—		$	13,356		$	—
Residential mortgage-backed and related securities			106,133			—			106,133			—
Municipal securities			146,202			—			146,202			—
Asset-backed securities			3,651			—			3,651			—
Corporate securities			16,600			—			16,600			—
Securities trading			116,050			—			—			116,050
Derivatives			243,882			—			243,882			—
Total assets measured at fair value		$	645,874		$	—		$	529,824		$	116,050

Derivatives		$	262,023		$	—		$	262,023		$	—
Total liabilities measured at fair value		$	262,023		$	—		$	262,023		$	—


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)

September 30, 2026:
Loans/leases evaluated individually		$	42,278		$	—		$	—		$	42,278
OREO			1,846			—			—			1,846
		$	44,124		$	—		$	—		$	44,124

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 September 30,							Nine Months Ended September 30,
	2026			2025				2026			2025

	(dollars in thousands)

Balance at the beginning of the period	$	115,967		$	82,900			$	83,857		$	83,529
Trading securities purchased		—			—				32,763			—
Paydowns		(44)			(42)				(132)			(123)
Premium amortization		(315)			(240)				(835)			(711)
Fair value gain		442			607				397			530
Balance at the end of the period	$	116,050		$	83,225			$	116,050		$	83,225

Schedule of assets measured at fair value, valuation techniques


		Quantitative Information about Level Fair Value Measurements
		Fair Value			Fair Value
		September 30,			December 31,
		2026			2025			Valuation Technique		Unobservable Input		Range

		(dollars in thousands)

Loans/leases evaluated individually		$	42,278		$	47,183		Appraisal of collateral		Appraisal adjustments		-10.00	%	to		-30.00	%
OREO			1,846			583		Appraisal of collateral		Appraisal adjustments		0.00	%	to		-35.00	%

Schedule of assets and liabilities measured at fair value


		Fair Value		As of September 30, 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		$	89,267		$	89,267		$	76,494		$	76,494
Federal funds sold		Level 2			39,650			39,650			23,150			23,150
Interest-bearing deposits at financial institutions		Level 2			57,783			57,783			53,249			53,249
Investment securities:
HTM		Level 2			1,029,597			919,701			948,676			920,642
AFS		Level 2			285,942			285,942			279,777			279,777
Trading		Level 3			116,050			116,050			83,857			83,857
Loans/leases receivable, net		Level 3			40,093			42,278			43,688			47,183
Loans/leases receivable, net		Level 2			7,071,386			6,945,447			7,033,140			6,794,019
Derivatives		Level 2			243,882			243,882			192,426			192,426

Deposits:
Nonmaturity deposits		Level 2			6,226,994			6,226,994			6,145,194			6,145,194
Time deposits		Level 2			976,207			970,604			1,269,004			1,268,442
Short-term borrowings		Level 2			4,750			4,750			2,650			2,650
FHLB advances		Level 2			633,609			631,547			245,383			244,237
Other borrowings		Level 2			99,488			94,385			107,395			100,634
Subordinated notes		Level 2			234,407			237,440			234,122			237,648
Junior subordinated debentures		Level 2			49,090			43,724			48,991			42,997
Derivatives		Level 2			262,023			262,023			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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