FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures

Assets and Liabilities Measured at Fair Value on Recurring Basis

	Fair Value Measurements at
	June 30, 2025 Using:
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable		Total
	Assets		Inputs		Inputs		Fair
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	54,593	$	251,830	$	—	$	306,423
Private label mortgage-backed security		—		—		1,489		1,489
Mortgage-backed securities - residential		—		374,598		—		374,598
Collateralized mortgage obligations		—		18,130		—		18,130
Corporate bonds		—		1,001		—		1,001
Trust preferred security		—		—		4,075		4,075
Total available-for-sale debt securities	$	54,593	$	645,559	$	5,564	$	705,716
Equity securities with readily determinable fair value:
Freddie Mac preferred stock	$	—	$	756	$	—	$	756
Total equity securities with readily determinable fair value	$	—	$	756	$	—	$	756
Mortgage loans held for sale	$	—	$	8,850	$	—	$	8,850
Consumer loans held for sale		—		—		8,312		8,312
Rate lock commitments		—		701		—		701
Interest rate swap agreements - Bank clients and institutional swap dealer		—		6,850		—		6,850
Financial liabilities:
Mandatory forward contracts	$	—	$	132	$	—	$	132
Interest rate swap agreements - Bank clients and institutional swap dealer		—		6,850		—		6,850
Interest rate swap agreements on FHLB advances		—		2,911		—		2,911

	Fair Value Measurements at
	December 31, 2024 Using:
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable		Total
	Assets		Inputs		Inputs		Fair
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Value
Financial assets:
Available-for-sale debt securities:
U.S. Treasury securities and U.S. Government agencies	$	84,775	$	304,311	$	—	$	389,086
Private label mortgage-backed security		—		—		1,550		1,550
Mortgage-backed securities - residential		—		168,233		—		168,233
Collateralized mortgage obligations		—		19,243		—		19,243
Corporate bonds		—		2,009		—		2,009
Trust preferred security		—		—		4,034		4,034
Total available-for-sale debt securities	$	84,775	$	493,796	$	5,584	$	584,155
Equity securities with readily determinable fair value:
Freddie Mac preferred stock	$	—	$	693	$	—	$	693
Total equity securities with readily determinable fair value	$	—	$	693	$	—	$	693
Mortgage loans held for sale	$	—	$	8,312	$	—	$	8,312
Consumer loans held for sale		—		—		5,443		5,443
Rate lock commitments		—		223		—		223
Mandatory forward contracts		—		70		—		70
Interest rate swap agreements - Bank clients and institutional swap dealer		—		6,588		—		6,588
Financial liabilities:
Interest rate swap agreements - Bank clients and institutional swap dealer	$	—	$	6,588	$	—	$	6,588
Interest rate swap agreements on FHLB advances		—		647		—		647

Assets Measured at Fair Value on a Non-Recurring Basis

	Fair Value Measurements at
	June 30, 2025 Using:
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable		Total
	Assets		Inputs		Inputs		Fair
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Value
Collateral-dependent loans:
Commercial real estate:
Owner-occupied	$	—	$	—	$	360	$	360
Total collateral-dependent loans	$	—	$	—	$	360	$	360
Other real estate owned:
Commercial real estate:
Nonowner-occupied	$	—	$	—	$	1,054	$	1,054
Total other real estate owned	$	—	$	—	$	1,054	$	1,054

	Fair Value Measurements at
	December 31, 2024 Using:
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable		Total
	Assets		Inputs		Inputs		Fair
(in thousands)	(Level 1)		(Level 2)		(Level 3)		Value
Collateral-dependent loans:
Residential real estate:
Owner-occupied	$	—	$	—	$	201	$	201
Total collateral-dependent loans	$	—	$	—	$	201	$	201
Other real estate owned:
Commercial real estate
Nonowner-occupied	$	—	$	—	$	1,160	$	1,160
Total other real estate owned	$	—	$	—	$	1,160	$	1,160

Other Real Estate Owned

(in thousands)	June 30, 2025		December 31, 2024
Other real estate owned carried at fair value	$	1,054	$	1,160
Total carrying value of other real estate owned	$	1,054	$	1,160

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2025		2024		2025		2024
Other real estate owned write-downs during the period	$	53	$	52	$	106	$	105

Carrying amount and estimated fair values of financial instruments

			Fair Value Measurements at
			June 30, 2025:
									Total
	Carrying								Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value
Assets:
Cash and cash equivalents	$	484,808	$	484,808	$	—	$	—	$	484,808
Available-for-sale debt securities		705,716		54,593		645,559		5,564		705,716
Held-to-maturity debt securities		5,434		—		5,408		—		5,408
Equity securities with readily determinable fair values		756		—		756		—		756
Mortgage loans held for sale, at fair value		8,850		—		8,850		—		8,850
Consumer loans held for sale, at fair value		8,312		—		—		8,312		8,312
Consumer loans held for sale, at the lower of cost or fair value		19,640		—		—		19,748		19,748
Loans, net		5,291,260		—		—		5,168,712		5,168,712
Federal Home Loan Bank stock		24,568		—		—		—		NA
Accrued interest receivable		20,779		—		20,779		—		20,779
Mortgage servicing rights		6,841		—		17,157		—		17,157
Rate lock commitments		701		—		701		—		701
Interest rate swap agreements - Bank clients and institutional swap dealer		6,850		—		6,850		—		6,850
Liabilities:
Noninterest-bearing deposits	$	1,223,016	$	—	$	1,223,016	$	—	$	1,223,016
Transaction deposits		3,330,852		—		3,330,852		—		3,330,852
Time deposits		763,371		—		751,820		—		751,820
Securities sold under agreements to repurchase and other short-term borrowings		72,103		—		72,103		—		72,103
Federal Home Loan Bank advances		370,000		—		374,748		—		374,748
Accrued interest payable		4,477		—		4,477		—		4,477
Mandatory forward contracts		132		—		132		—		132
Interest rate swap agreements - Bank clients and institutional swap dealer		6,850		—		6,850		—		6,850
Interest rate swap agreements on FHLB advances		2,911		—		2,911		—		2,911

			Fair Value Measurements at
			December 31, 2024:
									Total
	Carrying								Fair
(in thousands)	Value		Level 1		Level 2		Level 3		Value
Assets:
Cash and cash equivalents	$	432,151	$	432,151	$	—	$	—	$	432,151
Available-for-sale debt securities		584,155		84,775		493,796		5,584		584,155
Held-to-maturity debt securities		10,778		—		10,735		—		10,735
Equity securities with readily determinable fair values		693		—		693		—		693
Mortgage loans held for sale, at fair value		8,312		—		8,312		—		8,312
Consumer loans held for sale, at fair value		5,443		—		—		5,443		5,443
Consumer loans held for sale, at the lower of cost or fair value		18,632		—		—		18,714		18,714
Loans, net		5,347,488		—		—		5,209,571		5,209,571
Federal Home Loan Bank stock		24,478		—		—		—		NA
Accrued interest receivable		20,128		—		20,128		—		20,128
Mortgage servicing rights		6,975		—		17,159		—		17,159
Rate lock commitments		223		—		223		—		223
Mandatory forward contracts		70		—		70		—		70
Interest rate swap agreements - Bank clients and institutional swap dealer		6,588		—		6,588		—		6,588
Liabilities:
Noninterest-bearing deposits	$	1,207,764	$	—	$	1,207,764	$	—	$	1,207,764
Transaction deposits		3,231,738		—		3,231,738		—		3,231,738
Time deposits		771,044		—		773,415		—		773,415
Deposits of discontinued operations		—		—		—		—		—
Securities sold under agreements to repurchase and other short-term borrowings		103,318		—		103,318		—		103,318
Federal Home Loan Bank advances		395,000		—		395,814		—		395,814
Accrued interest payable		5,153		—		5,153		—		5,153
Interest rate swap agreements - Bank clients and institutional swap dealer		6,588		—		6,588		—		6,588
Interest rate swap agreements on FHLB advances		647		—		647		—		647

Nonrecurring basis

Fair Value Disclosures

Fair value inputs quantitative information

					Range
	Fair		Valuation	Unobservable	(Weighted
June 30, 2025 (dollars in thousands)	Value		Technique	Inputs	Average)
Collateral-dependent loans - commercial real estate owner-occupied	$	360	Appraisal	Appraisal discounts	13% (13%)
Other real estate owned - commercial real estate nonowner-occupied	$	1,054	Appraisal	Appraisal discounts	61% (61%)

					Range
	Fair		Valuation	Unobservable	(Weighted
December 31, 2024 (dollars in thousands)	Value		Technique	Inputs	Average)
Collateral-dependent loans - residential real estate owner-occupied	$	201	Appraisal	Appraisal discounts	3% (3%)
Other real estate owned - commercial real estate	$	1,160	Appraisal	Appraisal discounts	57% (57%)

Private label mortgage backed security

Fair Value Disclosures

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2025		2024		2025		2024
Balance, beginning of period	$	1,516	$	1,772	$	1,550	$	1,773
Total gains or losses included in earnings:
Net change in unrealized gain (loss)		—		(8)		12		49
Principal paydowns		(27)		(48)		(73)		(106)
Balance, end of period	$	1,489	$	1,716	$	1,489	$	1,716

Private label mortgage backed security | Recurring basis

Fair Value Disclosures

Fair value inputs quantitative information

June 30, 2025 (dollars in thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range (1)
Private label mortgage-backed security	$	1,489	Discounted cash flow	(1) Constant prepayment rate	2.3% - 4.4%
				(2) Probability of default	0.5% - 9.3%
				(3) Loss severity	25%

(1) The bank owns one private label mortgage-back security; therefore, the range presented is equivalent to the weighted average range.

	Fair		Valuation
December 31, 2024 (dollars in thousands)	Value		Technique	Unobservable Inputs	Range (1)
Private label mortgage-backed security	$	1,550	Discounted cash flow	(1) Constant prepayment rate	1.5% - 2.6%
				(2) Probability of default	0.5% - 9.1%
				(3) Loss severity	25%

Trust preferred security

Fair Value Disclosures

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2025		2024		2025		2024
Balance, beginning of period	$	4,073	$	4,027	$	4,034	$	4,118
Total gains or losses included in earnings:
Discount accretion		16		15		32		30
Net change in unrealized gain (loss)		(14)		51		9		(55)
Balance, end of period	$	4,075	$	4,093	$	4,075	$	4,093

Mortgage loans held for sale

Fair Value Disclosures

Schedule of aggregate fair value, contractual balance and unrealized gain

(in thousands)	June 30, 2025		December 31, 2024
Aggregate fair value	$	8,850	$	8,312
Contractual balance		8,674		8,117
Unrealized gain		176		195

Schedule of gains and losses from changes in fair value included in earnings

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2025		2024		2025		2024
Interest income	$	221	$	191	$	337	$	277
Change in fair value		26		(38)		(19)		107
Total included in earnings	$	247	$	153	$	318	$	384

Consumer loans held for sale

Fair Value Disclosures

Schedule of aggregate fair value, contractual balance and unrealized gain

(in thousands)	June 30, 2025		December 31, 2024
Aggregate fair value	$	8,312	$	5,443
Contractual balance		8,370		5,476
Unrealized loss		(58)		(33)

Schedule of gains and losses from changes in fair value included in earnings

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2025		2024		2025		2024
Interest income	$	1,664	$	1,358	$	2,742	$	2,531
Change in fair value		(4)		(17)		(25)		(3)
Total included in earnings	$	1,660	$	1,341	$	2,717	$	2,528

Consumer loans held for sale | Recurring basis

Fair Value Disclosures

Reconciliation of the Bank's investments measured at fair value on a recurring basis using significant unobservable inputs

	Fair		Valuation
June 30, 2025 (dollars in thousands)	Value		Technique	Unobservable Inputs	Rate
Consumer loans held for sale	$	8,312	Contract Terms	(1) Net Premium	0.15%
				(2) Discounted Sales	10.00%

	Fair		Valuation
December 31, 2024 (dollars in thousands)	Value		Technique	Unobservable Inputs	Rate
Consumer loans held for sale	$	5,443	Contract Terms	(1) Net Premium	0.15%
				(2) Discounted Sales	10.00%