Fair Value Disclosures

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis

The following tables present the financial instruments carried on the consolidated balance sheets by caption and by level in the fair value hierarchy (in thousands):


					Quoted Prices in			Significant			Significant
					Active Markets			Other			Other
					for Identical			Observable			Unobservable
					Assets			Inputs			Inputs
		Fair Value			(Level 1)			(Level 2)			(Level 3)
June 30, 2026:
Collateral-dependent loans		$	4,371		$	—		$	—		$	4,371

December 31, 2025:
Collateral-dependent loans		$	6,285		$	—		$	—		$	6,285

Fair Value, by Balance Sheet Grouping

The carrying amount and estimated fair value of the Company’s financial instruments are as follows (in thousands):


		Fair Value Measurements Using
		Carrying												Estimated
		Amount			Level 1			Level 2			Level 3			Fair Value
June 30, 2026:
Assets:
Cash and cash equivalents		$	379,387		$	379,387		$	—		$	—		$	379,387
Securities available-for-sale			560,065			—			560,065			—			560,065
Securities held-to-maturity			119,848			—			106,546			—			106,546
Other investments			17,529			N/A			N/A			N/A			N/A
Loans and leases, net and loans held for sale			4,647,311			—			—			4,613,563			4,613,563
Derivative financial instruments and interest rate swap agreements			10,334			—			10,334			—			10,334

Liabilities:
Noninterest-bearing demand deposits			921,876			—			921,876			—			921,876
Interest-bearing demand deposits			1,022,074			—			1,022,074			—			1,022,074
Money market and savings deposits			2,454,805			—			2,454,805			—			2,454,805
Time deposits			986,795			—			986,442			—			986,442
Borrowings			603			—			603			—			603
Subordinated debt			98,805			—			—			100,731			100,731
Derivative financial instruments and interest rate swap agreements			10,397			—			10,397			—			10,397

December 31, 2025:
Assets:
Cash and cash equivalents		$	464,417		$	464,417		$	—		$	—		$	464,417
Securities available-for-sale			539,882			—			539,882			—			539,882
Securities held-to-maturity			122,121			—			109,416						109,416
Other investments			16,441			N/A			N/A			N/A			N/A
Loans and leases, net and loans held for sale			4,333,541			—			—			4,281,699			4,281,699
Derivative financial instruments and interest rate swap agreements			13,191			—			13,191			—			13,191

Liabilities:
Noninterest-bearing demand deposits			1,062,918			—			1,062,918			—			1,062,918
Interest-bearing demand deposits			945,716			—			945,716			—			945,716
Money market and savings deposits			2,273,612			—			2,273,612			—			2,273,612
Time deposits			870,543			—			872,143			—			872,143
Borrowings			3,009			—			3,009			—			3,009
Subordinated debt			98,662			—			—			100,660			100,660
Derivative financial instruments and interest rate swap agreements			13,524			—			13,524			—			13,524