Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Statement of Financial Position [Abstract] | ||
Investment securities held-to-maturity, fair value | $ 113,166 | $ 115,007 |
Investment securities available-for-sale, amortized cost | 400,676 | 402,651 |
Allowance for credit losses | $ 17 | $ 839 |
Common stock, par value | $ 5 | $ 5 |
Common stock, shares authorized | 48,000,000 | 48,000,000 |
Common stock, shares issued | 31,556,799 | 31,556,799 |
Common stock, shares outstanding | 28,810,805 | 29,045,877 |
Treasury stock, shares | 2,745,994 | 2,510,922 |
Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands |
Total |
Common Stock |
Additional Paid-in Capital |
Retained Earnings |
Accumulated Other Comprehensive Loss |
Treasury Stock |
---|---|---|---|---|---|---|
Beginning balance, shares at Dec. 31, 2023 | 29,511,721 | |||||
Beginning balance at Dec. 31, 2023 | $ 839,208 | $ 157,784 | $ 301,066 | $ 474,691 | $ (50,646) | $ (43,687) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 38,412 | 38,412 | ||||
Other comprehensive (loss) income | (3,478) | |||||
Other comprehensive income, net of income tax | (3,478) | |||||
Cash dividends declared | (12,332) | (12,332) | ||||
Stock-based compensation | 2,059 | 2,348 | (289) | |||
Stock issued under dividend reinvestment and employee stock purchase plans, shares | 59,227 | |||||
Stock issued under dividend reinvestment and employee stock purchase plans | 1,268 | 12 | 1,256 | |||
Vesting of restricted stock unit awards, shares | 107,377 | |||||
Vesting of restricted stock units, net of shares withheld to cover taxes | (857) | (3,212) | 2,355 | |||
Shares under option, exercised | 19,788 | |||||
Exercise of stock options | 373 | (48) | 421 | |||
Purchases of treasury stock, shares | (507,473) | |||||
Purchases of treasury stock | (10,516) | (10,516) | ||||
Ending balance, shares at Jun. 30, 2024 | 29,190,640 | |||||
Ending balance at Jun. 30, 2024 | 854,137 | $ 157,784 | 300,166 | 500,482 | (54,124) | (50,171) |
Beginning balance, shares at Mar. 31, 2024 | 29,337,919 | |||||
Beginning balance at Mar. 31, 2024 | 843,669 | $ 157,784 | 298,914 | 488,790 | (54,740) | (47,079) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 18,107 | 18,107 | ||||
Other comprehensive (loss) income | 616 | |||||
Other comprehensive income, net of income tax | 616 | |||||
Cash dividends declared | (6,143) | (6,143) | ||||
Stock-based compensation | 1,106 | 1,378 | (272) | |||
Stock issued under dividend reinvestment and employee stock purchase plans, shares | 27,321 | |||||
Stock issued under dividend reinvestment and employee stock purchase plans | 620 | 17 | 603 | |||
Vesting of restricted stock unit awards, shares | 4,208 | |||||
Vesting of restricted stock units, net of shares withheld to cover taxes | (23) | (111) | 88 | |||
Shares under option, exercised | 12,000 | |||||
Exercise of stock options | 223 | (32) | 255 | |||
Purchases of treasury stock, shares | (190,808) | |||||
Purchases of treasury stock | (4,038) | (4,038) | ||||
Ending balance, shares at Jun. 30, 2024 | 29,190,640 | |||||
Ending balance at Jun. 30, 2024 | 854,137 | $ 157,784 | 300,166 | 500,482 | (54,124) | (50,171) |
Beginning balance, shares at Dec. 31, 2024 | 29,045,877 | |||||
Beginning balance at Dec. 31, 2024 | 887,301 | $ 157,784 | 302,829 | 525,780 | (43,992) | (55,100) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 42,373 | 42,373 | ||||
Other comprehensive (loss) income | 9,023 | |||||
Other comprehensive income, net of income tax | 9,023 | |||||
Cash dividends declared | (12,441) | (12,441) | ||||
Stock-based compensation | 2,027 | 2,335 | (308) | |||
Stock issued under dividend reinvestment and employee stock purchase plans, shares | 38,117 | |||||
Stock issued under dividend reinvestment and employee stock purchase plans | 1,149 | 98 | (1) | 1,052 | ||
Vesting of restricted stock unit awards, shares | 108,328 | |||||
Vesting of restricted stock units, net of shares withheld to cover taxes | $ (1,582) | (3,656) | 2,074 | |||
Shares under option, exercised | 13,000 | 13,000 | ||||
Exercise of stock options | $ 323 | 34 | 289 | |||
Purchases of treasury stock, shares | (394,517) | |||||
Purchases of treasury stock | (11,440) | (11,440) | ||||
Ending balance, shares at Jun. 30, 2025 | 28,810,805 | |||||
Ending balance at Jun. 30, 2025 | 916,733 | $ 157,784 | 301,640 | 555,403 | (34,969) | (63,125) |
Beginning balance, shares at Mar. 31, 2025 | 28,962,648 | |||||
Beginning balance at Mar. 31, 2025 | 903,472 | $ 157,784 | 300,634 | 541,776 | (37,922) | (58,800) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Net income | 19,978 | 19,978 | ||||
Other comprehensive (loss) income | 2,953 | |||||
Other comprehensive income, net of income tax | 2,953 | |||||
Cash dividends declared | (6,353) | (6,353) | ||||
Stock-based compensation | 968 | 965 | 3 | |||
Stock issued under dividend reinvestment and employee stock purchase plans, shares | 18,981 | |||||
Stock issued under dividend reinvestment and employee stock purchase plans | 575 | 48 | (1) | 528 | ||
Vesting of restricted stock unit awards, shares | 433 | |||||
Vesting of restricted stock units, net of shares withheld to cover taxes | (7) | (15) | 8 | |||
Shares under option, exercised | 1,500 | |||||
Exercise of stock options | 43 | 8 | 35 | |||
Purchases of treasury stock, shares | (172,757) | |||||
Purchases of treasury stock | (4,896) | (4,896) | ||||
Ending balance, shares at Jun. 30, 2025 | 28,810,805 | |||||
Ending balance at Jun. 30, 2025 | $ 916,733 | $ 157,784 | $ 301,640 | $ 555,403 | $ (34,969) | $ (63,125) |
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Cash flows from operating activities: | ||
Net income | $ 42,373 | $ 38,412 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for credit losses | 8,005 | 2,139 |
Depreciation of premises and equipment | 2,731 | 2,718 |
Net amortization of investment securities premiums and discounts | 480 | 521 |
Amortization, fair market value adjustments and capitalization of servicing rights | 81 | 2,899 |
Net gain on mortgage banking activities | (1,628) | (2,649) |
Bank owned life insurance income | (2,971) | (1,928) |
Stock-based compensation | 2,252 | 2,231 |
Intangible expenses | 261 | 375 |
Other adjustments to reconcile net income to cash used in operating activities | (1,567) | (1,107) |
Originations of loans held for sale | (95,067) | (138,398) |
Proceeds from the sale of loans held for sale | 95,735 | 124,758 |
Contributions to pension and other postretirement benefit plans | (125) | (126) |
Increase in accrued interest receivable and other assets | (3,526) | (18,716) |
Decrease in accrued interest payable and other liabilities | (8,176) | (2,972) |
Net cash provided by operating activities | 38,858 | 8,157 |
Cash flows from investing activities: | ||
Proceeds from sale of premises and equipment | 305 | 2,445 |
Purchases of premises and equipment | (3,293) | (1,852) |
Proceeds from maturities, calls and principal repayments of securities held-to-maturity | 6,727 | 6,583 |
Proceeds from maturities, calls and principal repayments of securities available-for-sale | 24,025 | 32,931 |
Purchases of investment securities held-to-maturity | (1,236) | (1,100) |
Purchases of investment securities available-for-sale | (22,380) | (27,351) |
Proceeds from sales of equity securities | 2,955 | 2,103 |
Purchases of money market mutual funds | (2,250) | (1,847) |
Net decrease in other investments | 2,498 | 3,061 |
Net decrease (increase) in loans and leases | 14,283 | (119,483) |
Proceeds from sales of foreclosed / repossessed assets | 239 | 0 |
Purchases of bank owned life insurance | 0 | (5,710) |
Proceeds from bank owned life insurance | 2,236 | 1,159 |
Net cash provided by (used in) investing activities | 24,109 | (109,061) |
Cash flows from financing activities: | ||
Net (decrease) increase in deposits | (176,602) | 119,529 |
Net (decrease) increase in short-term borrowings | (4,910) | 5,475 |
Proceeds from issuance of long-term debt | 50,000 | 0 |
Repayment of long-term debt | (75,000) | (60,000) |
Payment of contingent consideration on acquisitions | (635) | (635) |
Payment for shares withheld to cover taxes on vesting of restricted stock units | (1,582) | (857) |
Purchases of treasury stock | (11,440) | (10,516) |
Stock issued under dividend reinvestment and employee stock purchase plans | 1,149 | 1,268 |
Proceeds from exercise of stock options | 323 | 373 |
Cash dividends paid | (12,749) | (12,621) |
Net cash (used in) provided by financing activities | (231,446) | 42,016 |
Net decrease in cash and cash equivalents | (168,479) | (58,888) |
Cash and cash equivalents at beginning of year | 328,844 | 249,799 |
Cash and cash equivalents at end of period | 160,365 | 190,911 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 98,926 | 91,937 |
Cash paid for income taxes, net of refunds | 11,310 | 11,090 |
Transfer of loans to other real estate owned | 2,526 | 252 |
Transfer of leases to repossessed assets | $ 17 | $ 167 |
Condensed Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Statement of Financial Position [Abstract] | ||||
Cash dividends declared, per share | $ 0.22 | $ 0.21 | $ 0.43 | $ 0.42 |
Other comprehensive (loss) income | $ 9,023 | $ (3,478) | ||
Stock issued under dividend reinvestment and employee stock purchase plans | $ 575 | $ 620 | $ 1,149 | $ 1,268 |
Summary of Significant Accounting Policies |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations for interim financial information. The accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the three and six-month periods ended June 30, 2025 are not necessarily indicative of the results that may be expected for the year ended December 31, 2025 or for any other period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on February 24, 2025. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include the fair value measurement of investment securities available-for-sale and the determination of the allowance for credit losses on loans and leases. Recent Accounting Pronouncements Yet to Be Adopted In October 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative". This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The amendments in this ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC's regulations. For entities subject to the SEC's existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements. In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This ASU enhances annual income tax disclosures to address investor requests for more transparency about income tax information through improvements to income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. This ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. For public business entities, the amendments in this ASU are effective for annual periods beginning after December 15, 2024. For all other business entities, the amendments will be effective for annual periods beginning after December 15, 2025. Early adoption is permitted. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements. In November 2024, the FASB issued ASU No. 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". This ASU requires new financial statement disclosures in tabular format, disaggregating information about prescribed categories underlying any relevant income statement expense caption. This ASU is effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. This ASU applies on a prospective basis for periods beginning after the effective date. However, retrospective application to any or all prior periods presented is permitted. In January 2025, the FASB issued ASU No. 2025-01 to amend the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements. In November 2024, the FASB issued ASU No. 2024-04, "Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments". This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2025. Early adoption is permitted for all entities that have adopted the amendments in ASU 2020-06. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.
|
Earnings per Share |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | Earnings per Share The following table sets forth the computation of basic and diluted earnings per share.
|
Investment Securities |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments Securities | Investment Securities The following table shows the amortized cost, the estimated fair value and the allowance for credit losses of the held-to-maturity securities and available-for-sale securities at June 30, 2025 and December 31, 2024, by contractual maturity within each type:
Gross unrealized gains and losses on available-for-sale securities are recognized in accumulated other comprehensive income (loss) and changes in the allowance for credit loss are recorded through provisions for credit loss expense. Expected maturities may differ from contractual maturities because debt issuers may have the right to call or prepay obligations without call or prepayment penalties and mortgage-backed securities typically prepay at a rate faster than contractually due. Securities with a carrying value of $424.6 million and $424.8 million at June 30, 2025 and December 31, 2024, respectively, were pledged to secure public funds deposits and contingency funding. There were no pledged securities to secure credit derivatives and interest rate swaps at June 30, 2025 or December 31, 2024. There were no sales of securities available-for-sale during the three months ended June 30, 2025 or 2024. At June 30, 2025 and December 31, 2024, there were no reportable investments in any single issuer representing more than 10% of shareholders’ equity. The following table shows the fair value of securities that were in an unrealized loss position for which an allowance for credit losses has not been recorded at June 30, 2025 and December 31, 2024, by the length of time those securities were in a continuous loss position.
At June 30, 2025, the fair value of held-to-maturity securities in an unrealized loss position for which an allowance for credit losses has not been recorded was $111.9 million, including unrealized losses of $15.3 million. These holdings were comprised of 90 federal agency mortgage-backed securities, which are U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses. The Corporation did not recognize any credit losses on held-to-maturity debt securities for the six months ended June 30, 2025. At June 30, 2025, the fair value of available-for-sale securities in an unrealized loss position for which an allowance for credit losses has not been recorded was $286.5 million, including unrealized losses of $34.9 million. These holdings were comprised of: (1) 106 federal agency mortgage-backed securities, which are U.S. government entities and agencies and are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major rating agencies and have a long history of no credit losses; (2) 10 investment grade corporate bonds, and (3) two collateralized mortgage obligation bonds. The Corporation does not intend to sell the securities in an unrealized loss position and is unlikely to be required to sell these securities before a recovery of fair value, which may be maturity. The Corporation concluded that the negative fair value of these securities was not indicative of a credit loss. Accrued interest receivable on available-for-sale debt securities totaled $1.2 million at June 30, 2025 and is included within accrued interest receivable and other assets on the condensed consolidated balance sheet. This amount is excluded from the estimate of expected credit losses. The table below presents a roll forward by major security type for the six months ended June 30, 2025 and June 30, 2024 of the allowance for credit losses on securities available-for-sale.
At June 30, 2025, the fair value of available-for-sale securities in an unrealized loss position for which an allowance for credit losses has been recorded was $10.3 million, including unrealized losses of $209 thousand, and allowance for credit losses of $17 thousand. These holdings were comprised of 19 investment grade corporate bonds, all of which fluctuate in value based on changes in market conditions. For these securities, fluctuations were primarily due to changes in the interest rate environment. The Corporation does not intend to sell these securities, and it is not likely that it will be required to sell the securities before their anticipated recovery. The underlying issuers continue to make timely principal and interest payments on the securities. During the second quarter of 2025, $719 thousand of allowance credit for losses was reversed on six investment grade corporate bonds. These six investment grade corporate bonds were issued by Global Systemically Important Banks and Domestic Systemically Important Banks which hold a significant amount of excess capital to address a systemic event. As such, these banks were excluded from the allowance for credit loss on investments as the credit risk within this portfolio is deemed to be zero. The Corporation recognized a $42 thousand net loss on equity securities during the six months ended June 30, 2024 in other noninterest income. There were no sales of equity securities during the six months ended June 30, 2025 or 2024.
|
Loans and Leases |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans and Leases | Loans and Leases Summary of Major Loan and Lease Categories
Age Analysis of Past Due Loans and Leases The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at June 30, 2025 and December 31, 2024:
During the three months ended June 30, 2025, a $23.7 million commercial loan relationship was placed on nonaccrual status due to, among other things, suspected fraud. Subsequent to the relationship being placed on nonaccrual status, a $7.3 million charge-off was recognized during the quarter. The remaining $16.4 million carrying value is supported by the appraised value of real estate collateral. Nonperforming Loans and Leases The following presents, by class of loans and leases, nonperforming loans and leases at June 30, 2025 and December 31, 2024.
The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of June 30, 2025 and December 31, 2024.
For the six months ended June 30, 2025, $23 thousand of interest income was recognized on nonaccrual loans and leases. The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of June 30, 2025 and December 31, 2024.
(1) Collateral consists of business assets, including accounts receivable, personal property and equipment. (2) Loans fully guaranteed or fully reserved given lack of collateral. Credit Quality Indicators The Corporation categorizes risk based on relevant information about the ability of the borrower to service their debt. Loans with a relationship balance of less than $1 million are reviewed when necessary based on their performance, primarily when such loans are delinquent. Commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans with relationships greater than $1 million are reviewed at least annually. Loan relationships with a higher risk profile or classified as special mention or substandard are reviewed at least quarterly. The Corporation reviews credit quality key risk indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2024. The following is a description of the internal risk ratings and the likelihood of loss related to the credit quality of commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans. 1.Pass—Loans considered satisfactory with no indications of deterioration 2.Special Mention—Potential weakness that deserves management's close attention 3.Substandard—Well-defined weakness or weaknesses that jeopardize the liquidation of the debt 4.Doubtful—Collection or liquidation in-full, on the basis of current existing facts, conditions and values, highly questionable and improbable Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at June 30, 2025 and December 31, 2024.
The Corporation had no loans with a risk rating of Doubtful included within recorded investment in loans and leases held for investment at June 30, 2025 or December 31, 2024. The Corporation monitors the credit risk profile by payment activity for the following classifications of loans and leases: real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings. The Corporation reviews credit quality indicators on at least an annual basis and last completed this review in conjunction with the period ended December 31, 2024. Loans and leases past due 90 days or more and loans and leases on nonaccrual status are considered nonperforming. Nonperforming loans and leases are reviewed monthly. Performing loans and leases are reviewed only if the loan becomes 60 days or more past due. Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at June 30, 2025 and December 31, 2024.
The Corporation had no revolving loans which were converted to term loans included within recorded investment in loans and leases held for investment at June 30, 2025 or December 31, 2024. Allowance for Credit Losses on Loans and Leases and Recorded Investment in Loans and Leases The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three and six months ended June 30, 2025 and 2024. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the six months ended June 30, 2025.
The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at June 30, 2025 and 2024:
Modified Loans to Borrowers Experiencing Financial Difficulty The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended June 30, 2025 and 2024.
*Amortized cost excludes $54 thousand and $73 thousand of accrued interest receivable on modified loans for the three months ended June 30, 2025 and June 30, 2024, respectively.
*Amortized cost excludes $99 thousand and $95 thousand of accrued interest receivable on modified loans for the six months ended June 30, 2025 and June 30, 2024, respectively. The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 and 2024.
There were no accruing or nonaccrual modified loans to borrowers experiencing financial difficulty for which there were payment defaults during the 12-month period preceding modification for the three and six months ended June 30, 2025 and 2024. The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months as of June 30, 2025 and 2024.
As of June 30, 2025 and June 30, 2024, the Bank had $1.2 million and $971 thousand, respectively, in commitments to extend credit to borrowers experiencing financial difficulty whose terms had been modified. The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at June 30, 2025 or December 31, 2024.
The following presents foreclosed residential real estate property included in other real estate owned at June 30, 2025 or December 31, 2024.
Lease Financings The following presents the schedule of minimum lease payments receivable:
|
Goodwill and Other Intangible Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The Corporation has goodwill from acquisitions which is deemed to be an indefinite intangible asset and is not amortized. Changes in the carrying amount of the Corporation's goodwill by business segment for the six months ended June 30, 2025 were as follows:
The Corporation also has core deposit and customer-related intangibles, which are not deemed to have an indefinite life and therefore will continue to be amortized over their useful life using the present value of projected cash flows. The following table reflects the components of intangible assets at the dates indicated:
(1) Included within accumulated amortization is a valuation allowance of $21 thousand and $7 thousand on servicing rights at June 30, 2025 and December 31, 2024, respectively. The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2025 and the succeeding fiscal years is as follows:
The aggregate fair value of servicing rights was $11.4 million and $12.7 million at June 30, 2025 and December 31, 2024, respectively. The fair value of these rights was determined using a discount rate of 11.1% and 11.0% at June 30, 2025 and December 31, 2024, respectively. Changes in the servicing rights balance are summarized as follows:
Activity in the valuation allowance for servicing rights was as follows:
The estimated amortization expense of servicing rights for the remainder of 2025 and the succeeding fiscal years is as follows:
|
Deposits |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits Deposits and their respective weighted average interest rate at June 30, 2025 and December 31, 2024 consisted of the following:
Deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC, which is currently $250 thousand per account owner. The aggregate amount of time deposits in denominations over $250 thousand was $321.6 million at June 30, 2025 and $276.0 million at December 31, 2024. At June 30, 2025, the scheduled maturities of time deposits were as follows:
|
Borrowings |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Borrowings | Borrowings The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less.
The Corporation, through the Bank, has a credit facility with the Federal Home Loan Bank (the FHLB) that had a maximum borrowing capacity of approximately $3.2 billion and $3.3 billion at June 30, 2025 and December 31, 2024, respectively. All borrowings and letters of credit from the FHLB are secured by qualifying commercial real estate and residential mortgage loans, investments and other assets. The Bank had outstanding short-term letters of credit with the FHLB totaling $1.1 billion and $1.3 billion at June 30, 2025 and December 31, 2024, respectively, which were utilized to collateralize public funds deposits and other secured deposits. The maximum borrowing capacity with the FHLB changes as a function of the Bank’s qualifying collateral assets as well as the FHLB’s internal credit rating of the Bank. The available borrowing capacity from the FHLB totaled $1.9 billion and $1.7 billion at June 30, 2025 and December 31, 2024, respectively. The Corporation, through the Bank, holds investment securities at the Federal Reserve Bank of Philadelphia (the FRB) to provide access to the Discount Window Lending program. The Bank participates in the FRB Borrower in Custody program, which provides additional committed borrowing capacity for the Bank through the Discount Lending Window program based upon select loans pledged to the FRB. The total borrowing capacity based upon the qualifying pledged commercial loans and held investment securities was $414.5 million and $397.2 million at June 30, 2025 and December 31, 2024, respectively. At June 30, 2025 and December 31, 2024, the Corporation had no outstanding borrowings under the Discount Window Lending program. The Corporation has a $10.0 million committed line of credit with a correspondent bank. At June 30, 2025 and December 31, 2024, the Corporation had no outstanding borrowings under this line. The Corporation and the Bank had $3.6 billion and $3.7 billion of committed borrowing capacity at June 30, 2025 and December 31, 2024, respectively, of which $2.3 billion and $2.1 billion was available as of June 30, 2025 and December 31, 2024, respectively. The Corporation, through the Bank, also maintained uncommitted funding sources from correspondent banks of $469.0 million and $468.0 million at June 30, 2025 and December 31, 2024, respectively. Future availability under these lines is subject to the prerogatives of the granting banks and may be withdrawn at will. Long-term advances with the FHLB of Pittsburgh mature as follows:
|
Retirement Plans and Other Postretirement Benefits |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Plans and Other Postretirement Benefits | Retirement Plans and Other Postretirement Benefits Information with respect to the Retirement Plans and Other Postretirement Benefits follows:
The components of net periodic benefit cost, other than the service cost component, are included in other noninterest expense in the condensed consolidated statements of income. The Corporation expects to make total contributions of $156 thousand to the Retirement Plans and $107 thousand to Other Postretirement Benefit Plans in 2025. During the six months ended June 30, 2025, the Corporation contributed $78 thousand to its Retirement Benefit Plans and $47 thousand to its Other Postretirement Benefit Plans. During the six months ended June 30, 2025, $1.4 million was paid to participants from the Retirement Plans and $47 thousand was paid to participants from the Other Postretirement Benefit Plans.
|
Stock-Based Incentive Plan |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stock-Based Incentive Plan | Stock-Based Incentive Plan On April 26, 2023, the 2023 Equity Incentive Plan (the Plan) was approved by shareholders. This Plan replaced the Amended and Restated Univest 2013 Long-Term Incentive Plan (the 2013 Plan), which expired in April 2023. No new grants are permitted under the 2013 Plan. However, certain options and restricted stock units granted under the 2013 Plan remain outstanding. The following is a summary of the Corporation's stock option activity and related information for the six months ended June 30, 2025:
The Corporation did not grant any stock options during the six months ended June 30, 2025 or June 30, 2024. The following is a summary of nonvested restricted stock units at June 30, 2025 including changes during the six months then ended:
Certain information regarding restricted stock units is summarized below for the periods indicated:
The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at June 30, 2025 is presented below:
The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:
|
Accumulated Other Comprehensive (Loss) Income |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive (Loss) Income | Accumulated Other Comprehensive (Loss) Income The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:
(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap terminated on August 2, 2024.
|
Derivative Instruments and Hedging Activities |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities Interest Rate Swaps The Corporation periodically uses interest rate swap agreements to modify interest rate characteristics from variable to fixed or fixed to variable in order to reduce the impact of interest rate changes on future net interest income. The Corporation’s credit exposure on interest rate swaps includes changes in fair value and any collateral that is held by a third party. In May 2022, the Corporation entered into an interest rate swap classified as a cash flow hedge with a notional amount of $250.0 million to hedge the interest payments received on a pool of variable rate loans. Under the terms of the swap agreement, the Corporation paid a variable rate equal to the Prime Rate and received a fixed rate of 5.99% with a maturity date of May 4, 2026. On August 2, 2024, the Corporation terminated the swap. In connection with the termination, the Corporation incurred an unwind fee of $4.0 million, of which $2.1 million has been reclassified to earnings as a reduction to interest income since termination. Additionally, unamortized origination and third party fees totaled $124 thousand at June 30, 2025. The $2.1 million will be amortized into interest income over the remaining 10 months of the original swap. Credit Derivatives The Corporation has agreements with third-party financial institutions whereby the third-party financial institution enters into interest rate derivative contracts with loan customers referred to them by the Corporation. By the terms of the agreements, the third-party financial institution has recourse to the Corporation for any exposure created under each swap contract in the event the customer defaults on the swap agreement and the agreement is in a paying position to the third-party financial institution. These transactions represent credit derivatives and are a customary arrangement that allows the Corporation to provide access to interest rate swap transactions for customers without issuing the swap. At June 30, 2025, the Corporation had exposure to 134 variable-rate to fixed-rate interest rate swap transactions between the third-party financial institution and customers with a current notional amount of $839.3 million and remaining maturities ranging from 1 month to 10 years. At June 30, 2025, the fair value of the Corporation's interest rate swap credit derivatives was a liability of $79 thousand. At June 30, 2025, the fair value of the swaps to the customers was a net gain of $31.1 million. At June 30, 2025, the Corporation's credit exposure related to customers totaled $4.0 million. The maximum potential payments by the Corporation to the third-party financial institution under these credit derivatives are not estimable as they are contingent on future interest rates and the agreements do not provide for a limitation of the maximum potential payment amount. Mortgage Banking Derivatives Derivative loan commitments represent agreements for delayed delivery of financial instruments in which the buyer agrees to purchase, and the seller agrees to deliver, at a specified future date, a specified instrument at a specified price or yield. The Corporation’s derivative loan commitments are commitments to sell loans secured by 1- to 4-family residential properties whose predominant risk characteristic is interest rate risk. Derivatives Tables The Corporation had no derivatives designated as hedging instruments recorded on the condensed consolidated balance sheets at June 30, 2025 or December 31, 2024. The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the condensed consolidated balance sheets at June 30, 2025 and December 31, 2024:
The following table presents amounts included in the condensed consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:
(1) Represents reclassification to earnings as a reduction to interest income of amounts included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap terminated on August 2, 2024. The following table presents amounts included in the condensed consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:
The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at June 30, 2025 and December 31, 2024:
(1) The interest rate swap was terminated on August 2, 2024. This after-tax amount will be reclassified to earnings as a reduction to interest income over the remaining 10 months of the original swap.
|
Fair Value Disclosures |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures | Fair Value Disclosures Fair value is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Corporation determines the fair value of financial instruments based on the fair value hierarchy. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. Observable inputs are inputs that market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the Corporation. Unobservable inputs are inputs that reflect the Corporation’s assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances, including assumptions about risk. Three levels of inputs are used to measure fair value. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement. Transfers between levels are recognized at the end of the reporting periods. Level 1: Valuations are based on quoted prices in active markets for identical assets or liabilities that the Corporation can access at the measurement date. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these products does not entail a significant degree of judgment. Level 2: Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. Level 3: Valuations are based on inputs that are unobservable and significant to the overall fair value measurement. Assets and liabilities utilizing Level 3 inputs include: financial instruments whose value is determined using pricing models, discounted cash-flow methodologies, or similar techniques, as well as instruments for which the fair value calculation requires significant management judgment or estimation. Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy. Investment Securities Where quoted prices are available in an active market for identical instruments, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include U.S. Treasury securities, most equity securities and money market mutual funds. Mutual funds are registered investment companies which are valued at net asset value of shares on a market exchange at the end of each trading day. Level 2 of the valuation hierarchy includes securities issued by U.S. Government sponsored enterprises, mortgage-backed securities, collateralized mortgage obligations, corporate and municipal bonds and certain equity securities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. In cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy. Fair values for securities are determined using independent pricing services and market-participating brokers. The Corporation’s independent pricing service utilizes evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, the pricing service’s evaluated pricing applications apply information as applicable through processes, such as benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations. If at any time, the pricing service determines that it does not have sufficient verifiable information to value a particular security, the Corporation will utilize valuations from another pricing service. Management has a sufficient understanding of the third-party service’s valuation models, assumptions and inputs used in determining the fair value of securities to enable management to maintain an appropriate system of internal control. On a quarterly basis, the Corporation reviews changes, as submitted by the pricing service, in the market value of its security portfolio. Individual changes in valuations are reviewed for consistency with general interest rate movements and any known credit concerns for specific securities. If, upon the Corporation’s review or in comparing with another service, a material difference between pricing evaluations were to exist, the Corporation may submit an inquiry to the current pricing service regarding the data used to determine the valuation of a particular security. If the Corporation determines there is market information that would support a different valuation than from the current pricing service’s evaluation, the Corporation may utilize and change the security's valuation. There were no material differences in valuations noted at June 30, 2025. Loans Held for Sale The fair value of our mortgage loans held for sale is based on estimates using Level 2 inputs. These inputs are based on pricing information obtained from wholesale mortgage banks and brokers and applied to loans with similar interest rates and maturities. Derivative Financial Instruments The fair values of derivative financial instruments are based upon the estimated amount the Corporation would receive or pay to terminate the contracts or agreements, taking into account current interest rates and, when appropriate, the current creditworthiness of the counterparties. Interest rate swaps and mortgage banking derivative financial instruments are classified within Level 2 of the valuation hierarchy. Credit derivatives are valued based on credit worthiness of the underlying borrower which is a significant unobservable input and therefore classified in Level 3 of the valuation hierarchy. Contingent Consideration Liability The Corporation estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on projected revenue related to the acquired business. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change of estimated future contingent payments based on projected revenue of the acquired business affecting the contingent consideration liability will be recorded through noninterest expense. Due to the significant unobservable input related to the projected revenue, the contingent consideration liability is classified within Level 3 of the valuation hierarchy. An increase in the projected revenue may result in a higher fair value of the contingent consideration liability. Alternatively, a decrease in the projected revenue may result in a lower estimated fair value of the contingent consideration liability. The following table presents the assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024, classified using the fair value hierarchy:
* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities." The $79 thousand of credit derivatives liability represented the Credit Valuation Adjustment (CVA), which is obtained from real-time financial market data, of 134 interest rate swaps with a notional amount of $839.3 million. The June 30, 2025 CVA was calculated using a 40% loss given default rate on the most recent investment grade credit curve.
* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities." The $67 thousand of credit derivatives liability represented the CVA, which is obtained from real-time financial market data, of 135 interest rate swaps with a current notional amount of $860.4 million. The December 31, 2024 CVA was calculated using a 40% loss given default rate on the most recent investment grade credit curve. The contingent consideration liability resulting from the Sheaffer acquisition was calculated using a discount rate of 8.3% on the acquisition date. During the six months ended June 30, 2025, the Corporation paid $635 thousand in contingent consideration related to this acquisition. There was no contingent consideration liability at June 30, 2025. During the year ended December 31, 2024, the Corporation paid $635 thousand in contingent consideration related to this acquisition. The contingent consideration liability was $635 thousand at December 31, 2024. The following table includes a roll forward of credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the six months ended June 30, 2025 and 2024:
The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the six months ended June 30, 2025 and 2024:
The Corporation may be required to periodically measure certain assets and liabilities at fair value on a non-recurring basis in accordance with GAAP. These adjustments to fair value usually result from the application of lower of cost or market accounting or changes in the value of individual assets. The following table represents assets measured at fair value on a non-recurring basis at June 30, 2025 and December 31, 2024:
The following table presents assets and liabilities not measured at fair value on a recurring or non-recurring basis in the Corporation’s condensed consolidated balance sheets but for which the fair value is required to be disclosed at June 30, 2025 and December 31, 2024. The disclosed fair values are classified using the fair value hierarchy.
The following valuation methods and assumptions were used by the Corporation in estimating the fair value for financial instruments measured at fair value on a non-recurring basis and financial instruments not measured at fair value on a recurring or non-recurring basis in the Corporation’s condensed consolidated balance sheets but for which the fair value is required to be disclosed: Cash and short-term interest-earning assets: The carrying amounts reported in the balance sheet for cash and due from banks, interest-earning deposits with other banks and other short-term investments is their stated value. Cash and short-term interest-earning assets are classified within Level 1 in the fair value hierarchy. Held-to-maturity securities: Fair values for the held-to-maturity investment securities are estimated by using pricing models or quoted prices of securities with similar characteristics and are classified in Level 2 in the fair value hierarchy. Federal Home Loan Bank, Federal Reserve Bank and other stock: It is not practical to determine the fair values of Federal Home Loan Bank, Federal Reserve Bank and other stock, due to restrictions placed on their transferability. Loans held for sale: Loans held for sale are carried at the lower of cost or estimated fair value. The fair value of the Corporation’s mortgage loans held for sale are generally determined using a pricing model based on current market information obtained from external sources, including interest rates, bids or indications provided by market participants on specific loans that are actively marketed for sale. These loans are primarily residential mortgage loans and are generally classified in Level 2 due to the observable pricing data. Loans and leases held for investment: The fair values for loans and leases held for investment are estimated using discounted cash flow analyses, using a discount rate based on current interest rates at which similar loans with similar terms would be made to borrowers, adjusted as appropriate to consider credit, liquidity and marketability factors to arrive at a fair value that represents the Corporation's exit price at which these instruments would be sold or transferred. Loans and leases are classified within Level 3 in the fair value hierarchy since credit risk is not an observable input. Individually analyzed loans and leases held for investment: For individually analyzed loans and leases, the Corporation uses a variety of techniques to measure fair value, such as using the current appraised value of the collateral, agreements of sale, discounting the contractual cash flows, and analyzing market data that the Corporation may adjust due to specific characteristics of the loan/lease or collateral. At June 30, 2025, individually analyzed loans held for investment had a carrying amount of $27.4 million with a valuation allowance of $2.7 million. At December 31, 2024, individually analyzed loans held for investment had a carrying amount of $12.1 million with a valuation allowance of $1.9 million. At June 30, 2025, individually analyzed leases had a carrying amount of $116 thousand with a valuation allowance of $116 thousand. The Corporation had no individually analyzed leases at December 31, 2024. Servicing rights: The Corporation estimates the fair value of servicing rights using discounted cash flow models that calculate the present value of estimated future net servicing income. The model uses readily available prepayment speed assumptions for the interest rates of the portfolios serviced. Servicing rights are classified within Level 3 in the fair value hierarchy based upon management's assessment of the inputs. The Corporation reviews the servicing rights portfolio on a quarterly basis for impairment and the servicing rights are carried at the lower of amortized cost or estimated fair value. At June 30, 2025, servicing rights had a net carrying amount of $6.9 million, which included a valuation allowance of $21 thousand. At December 31, 2024, servicing rights had a net carrying amount of $7.0 million, which included a valuation allowance of $7 thousand. Goodwill and other identifiable assets: Certain non-financial assets subject to measurement at fair value on a non-recurring basis include goodwill and other identifiable intangible assets. During the six months ended June 30, 2025, there were no required valuation adjustments of goodwill and other identifiable intangible assets. Other real estate owned: Other real estate owned (OREO) represents properties that the Corporation has acquired through foreclosure by either accepting a deed in lieu of foreclosure, or by taking possession of assets that collateralized a loan. The Corporation reports OREO at the lower of cost or fair value less cost to sell, adjusted periodically based on a current appraisal or an executed agreement of sale. Capital improvement expenses associated with the construction or repair of the property are capitalized as part of the cost of the OREO asset. Write-downs and any gain or loss upon the sale of OREO is recorded in other noninterest income. OREO is reported in other assets on the condensed consolidated balance sheet. At June 30, 2025 and December 31, 2024, OREO had a carrying amount of $22.5 million and $20.1 million, respectively. During the six months ended June 30, 2025, one nonaccrual residential real estate loan with a carrying value of $2.5 million was transferred to OREO. Additionally, during the six months ended June 30, 2025, two residential real estate properties with a total carrying value of $226 thousand were sold. Other real estate owned is classified within Level 3 in the fair value hierarchy based on appraisals, letters of intent or agreement of sale received from third parties. Repossessed Assets: Repossessed assets represents non-real estate assets that the Corporation has acquired by taking possession of the asset that collateralized a loan or lease. The Corporation reports repossessed assets at the fair value less cost to sell, adjusted periodically based on a current appraisal provided by a third party based on their assumptions and quoted market prices for similar assets, when available. Write-downs and any gain or loss upon the sale of repossessed assets is recorded in other noninterest income. Repossessed assets are reported in other assets on the condensed consolidated balance sheet. At June 30, 2025 and December 31, 2024, repossessed assets had a carrying amount of $80 thousand and $76 thousand, respectively. During the six months ended June 30, 2025, repossessed assets totaling $17 thousand were transferred to repossessed assets and $13 thousand were sold. Repossessed assets are classified within Level 3 in the fair value hierarchy based on appraisals, letters of intent, agreement of sale or indications of value received from third parties. Deposit liabilities: The fair values for demand and savings accounts, with no stated maturities, is the amount payable on demand at the reporting date (carrying value) and are classified within Level 1 in the fair value hierarchy. The fair values for time deposits with fixed maturities are estimated by discounting the final maturity using interest rates currently offered for deposits with similar remaining maturities. Time deposits are classified within Level 2 in the fair value hierarchy. Short-term borrowings: The fair value of short-term borrowings are estimated using current market rates for similar borrowings and are classified within Level 1 in the fair value hierarchy. Long-term debt: The fair value of long-term debt is estimated by using discounted cash flow analysis, based on current market rates for debt with similar terms and remaining maturities. Long-term debt is classified within Level 2 in the fair value hierarchy. Subordinated notes: The fair value of the subordinated notes are estimated by discounting the principal balance using indicative pricing for the term to the call date as the Corporation has the option to call the subordinated notes. The subordinated notes are classified within Level 2 in the fair value hierarchy.
|
Segment Reporting |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting | Segment Reporting At June 30, 2025, the Corporation had three reportable business segments, Banking, Wealth Management and Insurance. The parent holding company and intercompany eliminations are included in the "Other" segment. Each segment generates revenue from a variety of products and services it provides. Examples of products and services provided for each reportable segment are indicated as follows:
The following tables provide reportable segment-specific information, as well as the Other Segment, and reconciliations to the condensed consolidated financial information for the three and six months ended June 30, 2025 and 2024.
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2) Other segment items for each reportable segment includes: Banking - loan and lease financing related fees, deposit and card service fees, and certain overhead expenses. Wealth Management - referral fees, clearing broker fees, and certain overhead expenses. Insurance - certain overhead expenses. Other - Board of Director fees, retirement costs, and certain overhead expenses. (3) Includes an allocation of general and administrative expenses from both the parent holding company and the Bank. The following tables show significant components of segment net assets as of June 30, 2025 and December 31, 2024.
|
Contingencies |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Commitments and Contingencies Disclosure [Abstract] | |
Contingencies | Contingencies The Corporation is periodically subject to various pending and threatened legal actions, which involve claims for monetary relief. Based upon information presently available to the Corporation, it is the Corporation's opinion that any legal and financial responsibility arising from such claims will not have a material adverse effect on the Corporation's results of operations, financial position or cash flows.
|
Pay vs Performance Disclosure - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Pay vs Performance Disclosure | ||||
Net Income (Loss) | $ 19,978 | $ 18,107 | $ 42,373 | $ 38,412 |
Insider Trading Arrangements |
3 Months Ended |
---|---|
Jun. 30, 2025 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Summary of Significant Accounting Policies (Policies) |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Accounting Policies [Abstract] | |
Principles of Consolidation | Principles of Consolidation and Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Univest Financial Corporation (the Corporation) and its wholly owned subsidiaries. The Corporation’s direct subsidiary is Univest Bank and Trust Co. (the Bank). All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations for interim financial information. The accompanying unaudited condensed consolidated financial statements reflect all adjustments, which are of a normal recurring nature and are, in the opinion of management, necessary for a fair presentation of the financial statements for the interim periods presented. Certain prior period amounts have been reclassified to conform to the current period presentation. Operating results for the three and six-month periods ended June 30, 2025 are not necessarily indicative of the results that may be expected for the year ended December 31, 2025 or for any other period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on February 24, 2025.
|
Use of Estimates | Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include the fair value measurement of investment securities available-for-sale and the determination of the allowance for credit losses on loans and leases.
|
Recent Accounting Pronouncements Yet to Be Adopted | Recent Accounting Pronouncements Yet to Be Adopted In October 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-06, "Disclosure Improvements: Codification Amendments in Response to the SEC's Disclosure Update and Simplification Initiative". This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The amendments in this ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC's existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC's regulations. For entities subject to the SEC's existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements. In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This ASU enhances annual income tax disclosures to address investor requests for more transparency about income tax information through improvements to income tax disclosures, primarily related to the rate reconciliation and income taxes paid information. This ASU also includes certain other amendments to improve the effectiveness of income tax disclosures. For public business entities, the amendments in this ASU are effective for annual periods beginning after December 15, 2024. For all other business entities, the amendments will be effective for annual periods beginning after December 15, 2025. Early adoption is permitted. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements. In November 2024, the FASB issued ASU No. 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". This ASU requires new financial statement disclosures in tabular format, disaggregating information about prescribed categories underlying any relevant income statement expense caption. This ASU is effective for public business entities for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. This ASU applies on a prospective basis for periods beginning after the effective date. However, retrospective application to any or all prior periods presented is permitted. In January 2025, the FASB issued ASU No. 2025-01 to amend the effective date of ASU No. 2024-03 to clarify that all public business entities are required to adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements. In November 2024, the FASB issued ASU No. 2024-04, "Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments". This ASU clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. This ASU is effective for all entities for annual and interim periods in fiscal years beginning after December 15, 2025. Early adoption is permitted for all entities that have adopted the amendments in ASU 2020-06. The Corporation does not expect the adoption of this ASU will have a material impact on the Corporation's financial statements.
|
Earnings per Share (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Computation for Basic and Diluted Earnings per Share | The following table sets forth the computation of basic and diluted earnings per share.
|
Investment Securities (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amortized Cost, Estimated Fair Value and Allowance for Credit Losses of HTM Securities and AFS Securities by Contractual Maturities | The following table shows the amortized cost, the estimated fair value and the allowance for credit losses of the held-to-maturity securities and available-for-sale securities at June 30, 2025 and December 31, 2024, by contractual maturity within each type:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Available-for-sale Securities, Allowance for Credit Loss Rollforward | The table below presents a roll forward by major security type for the six months ended June 30, 2025 and June 30, 2024 of the allowance for credit losses on securities available-for-sale.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrealized Gain (Loss) on Investments | The following table shows the fair value of securities that were in an unrealized loss position for which an allowance for credit losses has not been recorded at June 30, 2025 and December 31, 2024, by the length of time those securities were in a continuous loss position.
|
Loans and Leases (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Major Loan and Lease Categories | Summary of Major Loan and Lease Categories
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Age Analysis of Past Due Loans and Leases | Age Analysis of Past Due Loans and Leases The following presents, by class of loans and leases held for investment, an aging of past due loans and leases, loans and leases which are current and nonaccrual loans and leases at June 30, 2025 and December 31, 2024:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Nonperforming Loans and Leases | The following presents, by class of loans and leases, nonperforming loans and leases at June 30, 2025 and December 31, 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual Loan and Lease Data | The following table presents the amortized cost basis of loans and leases held for investment on nonaccrual status and loans and leases held for investment 90 days or more past due and still accruing as of June 30, 2025 and December 31, 2024.
For the six months ended June 30, 2025, $23 thousand of interest income was recognized on nonaccrual loans and leases. The following table presents, by class of loans and leases, the amortized cost basis of collateral-dependent nonaccrual loans and leases and type of collateral as of June 30, 2025 and December 31, 2024.
(1) Collateral consists of business assets, including accounts receivable, personal property and equipment. (2) Loans fully guaranteed or fully reserved given lack of collateral.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Commercial Credit Quality Indicators | Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for commercial, financial and agricultural loans, real estate-commercial loans, real estate-construction loans and real estate-residential secured for a business purpose loans by credit quality indicator at June 30, 2025 and December 31, 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Credit Exposure | Based on the most recent analysis performed, the following table presents the recorded investment in loans and leases held for investment for real estate-residential secured for personal purpose loans, real estate-home equity secured for personal purpose loans, loans to individuals and lease financings by credit quality indicator at June 30, 2025 and December 31, 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Activity in the Allowance for Credit Losses, Loans and Leases | The following presents, by portfolio segment, a summary of the activity in the allowance for credit losses, loans and leases, for the three and six months ended June 30, 2025 and 2024. There were no changes to the reasonable and supportable forecast period, the reversion period, or any significant methodology changes during the six months ended June 30, 2025.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Allowance for Loan and Lease Credit Losses and Recorded Investment in Loans and Leases | The following presents, by portfolio segment, the balance in the allowance for credit losses on loans and leases disaggregated on the basis of whether the loan or lease was measured for credit loss as a pooled loan or lease or if it was individually analyzed for a reserve at June 30, 2025 and 2024:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accruing and Nonaccruing Modified Loans to Borrowers Experiencing Financial Difficulty | The following presents, by class of loans, information regarding accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three months ended June 30, 2025 and 2024.
*Amortized cost excludes $54 thousand and $73 thousand of accrued interest receivable on modified loans for the three months ended June 30, 2025 and June 30, 2024, respectively.
*Amortized cost excludes $99 thousand and $95 thousand of accrued interest receivable on modified loans for the six months ended June 30, 2025 and June 30, 2024, respectively.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Financial Effect on Accruing and Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty | The following presents, by class of loans, information regarding the financial effect on accruing and nonaccrual modified loans to borrowers experiencing financial difficulty during the three and six months ended June 30, 2025 and 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Aging Analysis of Accruing and Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficulty | The following presents, by class of loans, the amortized cost and performance status of accruing and nonaccrual modified loans to borrowers experiencing financial difficulty that have been modified in the last 12 months as of June 30, 2025 and 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Mortgages in Process of Foreclosure | The following presents the amount of consumer mortgages collateralized by residential real estate property that were in the process of foreclosure at June 30, 2025 or December 31, 2024.
The following presents foreclosed residential real estate property included in other real estate owned at June 30, 2025 or December 31, 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Lease Payments Receivables | The following presents the schedule of minimum lease payments receivable:
|
Goodwill and Other Intangible Assets (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Changes in Carrying Amount of Goodwill | Changes in the carrying amount of the Corporation's goodwill by business segment for the six months ended June 30, 2025 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Intangible Assets | The following table reflects the components of intangible assets at the dates indicated:
(1) Included within accumulated amortization is a valuation allowance of $21 thousand and $7 thousand on servicing rights at June 30, 2025 and December 31, 2024, respectively.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated Aggregate Amortization Expense | The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2025 and the succeeding fiscal years is as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Changes In Servicing Rights | Changes in the servicing rights balance are summarized as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Activity In Valuation Allowance For Servicing Rights | Activity in the valuation allowance for servicing rights was as follows:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated Amortization Expense of Servicing Rights | The estimated amortization expense of servicing rights for the remainder of 2025 and the succeeding fiscal years is as follows:
|
Deposits (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Components of Weighted Average Interest Rate and Balance of Deposits | Deposits and their respective weighted average interest rate at June 30, 2025 and December 31, 2024 consisted of the following:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Maturities Of Time Deposits | At June 30, 2025, the scheduled maturities of time deposits were as follows:
|
Borrowings (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Borrowings by Type | The following is a summary of borrowings by type. Short-term borrowings consist of overnight borrowings and term borrowings with an original maturity of one year or less.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Maturities of Long-Term FHLB Advances | Long-term advances with the FHLB of Pittsburgh mature as follows:
|
Retirement Plans and Other Postretirement Benefits (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement Benefits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Net Periodic Benefit Cost (Income) | Information with respect to the Retirement Plans and Other Postretirement Benefits follows:
|
Stock-Based Incentive Plan (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Status of Options Granted Under Long-Term Incentive Plan | The following is a summary of the Corporation's stock option activity and related information for the six months ended June 30, 2025:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Nonvested Restricted Stock Units | The following is a summary of nonvested restricted stock units at June 30, 2025 including changes during the six months then ended:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Certain Information Regarding Restricted Stock Units | Certain information regarding restricted stock units is summarized below for the periods indicated:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Unrecognized Compensation Cost, Nonvested Restricted Stock Units | The total unrecognized compensation expense and the weighted average period over which unrecognized compensation expense is expected to be recognized related to nonvested restricted stock units at June 30, 2025 is presented below:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Compensation Expense Related to Stock Incentive Plans Recognized | The following table presents information related to the Corporation’s compensation expense related to stock incentive plans recognized for the periods indicated:
|
Accumulated Other Comprehensive (Loss) Income (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes | The following table shows the components of accumulated other comprehensive (loss) income, net of taxes, for the periods presented:
|
Derivative Instruments and Hedging Activities (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notional Amounts and Fair Value of Derivatives Not Designated as Hedging Instruments | The following table presents the notional amounts and fair values of derivatives not designated as hedging instruments recorded on the condensed consolidated balance sheets at June 30, 2025 and December 31, 2024:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income for Derivatives Designated as Hedging Instruments | The following table presents amounts included in the condensed consolidated statements of income for derivatives designated as hedging instruments for the periods indicated:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income for Derivatives Not Designated as Hedging Instruments | The following table presents amounts included in the condensed consolidated statements of income for derivatives not designated as hedging instruments for the periods indicated:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following table presents amounts included in accumulated other comprehensive (loss) income for derivatives designated as hedging instruments at June 30, 2025 and December 31, 2024:
(1) The interest rate swap was terminated on August 2, 2024. This after-tax amount will be reclassified to earnings as a reduction to interest income over the remaining 10 months of the original swap.
|
Fair Value Disclosures (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table presents the assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024, classified using the fair value hierarchy:
* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."
* Such financial instruments are recorded at fair value as further described in Note 11, "Derivative Instruments and Hedging Activities."
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Level 3 Rollforward | The following table includes a roll forward of credit derivatives for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the six months ended June 30, 2025 and 2024:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contingent Consideration Liability Change In Amount | The following table presents the change in the balance of the contingent consideration liability related to acquisitions for which the Corporation utilized Level 3 inputs to determine fair value on a recurring basis for the six months ended June 30, 2025 and 2024:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets Measured at Fair Value on Non-Recurring Basis | The following table represents assets measured at fair value on a non-recurring basis at June 30, 2025 and December 31, 2024:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets, Liabilities and Off-Balance Sheet Items Not Measured at Fair Value | The following table presents assets and liabilities not measured at fair value on a recurring or non-recurring basis in the Corporation’s condensed consolidated balance sheets but for which the fair value is required to be disclosed at June 30, 2025 and December 31, 2024. The disclosed fair values are classified using the fair value hierarchy.
|
Segment Reporting (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting | The following tables provide reportable segment-specific information, as well as the Other Segment, and reconciliations to the condensed consolidated financial information for the three and six months ended June 30, 2025 and 2024.
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2) Other segment items for each reportable segment includes: Banking - loan and lease financing related fees, deposit and card service fees, and certain overhead expenses. Wealth Management - referral fees, clearing broker fees, and certain overhead expenses. Insurance - certain overhead expenses. Other - Board of Director fees, retirement costs, and certain overhead expenses. (3) Includes an allocation of general and administrative expenses from both the parent holding company and the Bank.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Significant Components of Segment Net Assets | The following tables show significant components of segment net assets as of June 30, 2025 and December 31, 2024.
|
Earnings per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Earnings Per Share [Abstract] | ||||
Net income | $ 19,978 | $ 18,107 | $ 42,373 | $ 38,412 |
Denominator for basic earnings per share - weighted average shares outstanding | 28,859 | 29,247 | 28,929 | 29,330 |
Effect of dilutive securities—stock options and restricted stock units | 188 | 106 | 226 | 123 |
Denominator for diluted earnings per share—adjusted weighted-average shares outstanding | 29,047 | 29,353 | 29,155 | 29,453 |
Basic earnings per share | $ 0.69 | $ 0.62 | $ 1.46 | $ 1.31 |
Diluted earnings per share | $ 0.69 | $ 0.62 | $ 1.45 | $ 1.30 |
Average antidilutive options and restricted stock units excluded from computation of diluted earnings per share | 112 | 334 | 114 | 255 |
Investment Securities - Narrative (Detail) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2025
USD ($)
position
Investment
|
Jun. 30, 2025
USD ($)
position
Investment
|
Jun. 30, 2024
USD ($)
|
Dec. 31, 2024
USD ($)
Investment
|
Dec. 31, 2023
USD ($)
|
|
Debt Securities, Available-for-sale [Line Items] | |||||
Carrying value of securities pledged to secure public deposits and other contractual obligations | $ 424,600 | $ 424,600 | $ 424,800 | ||
Pledging requirements for credit derivatives and SWAP agreements - securities | $ 0 | $ 0 | |||
Number of investments in non federal issuer representing more than 10% of shareholder's equity | Investment | 0 | 0 | 0 | ||
Maximum investment in any single non-federal issuer representing shareholders equity | 10.00% | 10.00% | 10.00% | ||
Fair value HTM in unrealized loss with no ACL | $ 111,929 | $ 111,929 | $ 115,007 | ||
Unrealized loss included in fair value of securities HTM in unrealized loss position for which an ACL has not been recorded | 15,289 | 15,289 | 19,104 | ||
Fair value AFS in unrealized loss with no ACL | 286,476 | 286,476 | 271,800 | ||
Unrealized loss included in fair value of securities AFS in unrealized loss position for which an ACL has not been recorded | 34,882 | 34,882 | 39,575 | ||
Fair value of securities AFS in unrealized loss position for which an ACL has been recorded, net of allowance | 10,300 | 10,300 | |||
Unrealized loss position included in fair value of securities AFS in unrealized loss position for which an ACL has been recorded | 209 | 209 | |||
Allowance for credit losses | $ 17 | $ 17 | 839 | ||
U.S. Government Corporations and Agencies [Member] | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Held-to-maturity, securities in unrealized loss positions, qualitative disclosure, number of positions | position | 90 | 90 | |||
Debt securities, available-for-sale, unrealized loss position, number of positions | position | 106 | 106 | |||
Collateralized mortgage obligations | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Fair value AFS in unrealized loss with no ACL | $ 1,542 | $ 1,542 | 1,685 | ||
Unrealized loss included in fair value of securities AFS in unrealized loss position for which an ACL has not been recorded | $ 99 | $ 99 | 133 | ||
Debt securities, available-for-sale, unrealized loss position, number of positions | position | 2 | 2 | |||
Allowance for credit losses | $ 0 | $ 0 | 0 | ||
Corporate bonds | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Fair value AFS in unrealized loss with no ACL | 57,973 | 57,973 | |||
Unrealized loss included in fair value of securities AFS in unrealized loss position for which an ACL has not been recorded | $ 3,940 | $ 3,940 | |||
Debt securities, available-for-sale, unrealized loss position, number of positions | position | 10 | 10 | |||
Allowance for credit losses | $ 17 | $ 17 | 781 | $ 839 | $ 731 |
Number of securities | Investment | 19 | 19 | |||
Allowance for credit losses, reversed | $ 719 | $ 822 | (49) | ||
Available-for-sale Securities | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Accrued interest receivable | 1,200 | 1,200 | |||
Allowance for credit losses | $ 17 | $ 17 | |||
Equity Securities | Other noninterest income | |||||
Debt Securities, Available-for-sale [Line Items] | |||||
Marketable Security, Realized Gain (Loss) | $ 42 |
Investment Securities - Held-to-Maturity and Available-for-Sale, Scheduled Maturities (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
Dec. 31, 2023 |
---|---|---|---|---|
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract] | ||||
Securities, Held-to-Maturity, Amortized Cost | $ 128,455 | $ 134,111 | ||
Securities Held-to-Maturity, Gross Unrealized Gains | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss | (15,289) | (19,104) | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss | 113,166 | 115,007 | ||
Debt Securities, Available-for-sale [Abstract] | ||||
Investment securities available-for-sale, amortized cost | 400,676 | 402,651 | ||
Securities Available-for-Sale, Gross Unrealized Gain | 834 | 140 | ||
Securities Available-for-Sale, Gross Unrealized Losses | (35,072) | (44,591) | ||
Allowance for credit losses | 17 | 839 | ||
Debt securities | 366,421 | 357,361 | ||
Residential mortgage-backed securities | ||||
Debt Securities, Held-to-maturity, Fair Value to Amortized Cost [Abstract] | ||||
Securities Held-to-Maturity, Amortized Cost, After 1 Year to 5 Years | 796 | 1,114 | ||
Securities Held-to-Maturity, Gross Unrealized Gains, After 1 Year to 5 Years | 0 | 0 | ||
Securities Held-to-Maturity, Gross Unrealized Losses, After 1 Year to 5 Years | (13) | (24) | ||
Securities Held-to-Maturity, Allowance for Credit Loss, After 1 Year to 5 Years | 0 | 0 | ||
Securities Held-to-Maturity, Fair Value, After 1 Year to 5 Years | 783 | 1,090 | ||
Securities Held-to-Maturity, Amortized Cost, After 5 Years to 10 Years | 11,990 | 10,208 | ||
Securities Held-to-Maturity, Gross Unrealized Gains, After 5 Years to 10 Years | 0 | 0 | ||
Securities Held-to-Maturity, Gross Unrealized Losses, After 5 Years to 10 Years | (350) | (450) | ||
Securities, Held-to-Maturity, Allowance for Credit Loss, After 5 Years To 10 Years | 0 | 0 | ||
Securities Held-to-Maturity, Fair Value, After 5 Years to 10 Years | 11,640 | 9,758 | ||
Securities Held-to-Maturity, Amortized Cost, Over 10 Years | 115,669 | 122,789 | ||
Securities Held-to-Maturity, Gross Unrealized Gain, Over 10 Years | 0 | 0 | ||
Securities Held-to-Maturity, Gross Unrealized Losses, Over 10 Years | (14,926) | (18,630) | ||
Securities Held-to-maturity, Allowance for Credit Loss, Over 10 Years | 0 | 0 | ||
Securities Held-to-Maturity, Fair Value, After 10 years | 100,743 | 104,159 | ||
Securities, Held-to-Maturity, Amortized Cost | 128,455 | 134,111 | ||
Securities Held-to-Maturity, Gross Unrealized Gains | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss | (15,289) | (19,104) | ||
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest | 0 | 0 | ||
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss | 113,166 | 115,007 | ||
Debt Securities, Available-for-sale [Abstract] | ||||
Securities Available-for-Sale, Amortized Cost, Within 1 Year | 6 | 20 | ||
Securities Available-for-Sale,Gross Unrealized Gain, Within 1 Year | 0 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 Year | 0 | 0 | ||
Securities Available-for-Sale, Allowance for Credit Loss, Within 1 Year | 0 | 0 | ||
Securities Available-for-Sale, Fair Value, Within 1 Year | 6 | 20 | ||
Securities Available-for-Sale, Amortized Cost, After 1 Year to 5 Years | 206 | 298 | ||
Securities Available-for-Sale,Gross Unrealized Gain, After 1 Year to 5 Years | 0 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses, After 1 Year to 5 Years | (3) | (6) | ||
Securities Available-for-sale, Allowance for Credit Loss, After 1 Year to 5 Years | 0 | 0 | ||
Securities Available-for-Sale, Fair Value, After 1 Year to 5 Years | 203 | 292 | ||
Securities Available-for-Sale, Amortized Cost, After 5 Years to 10 Years | 10,121 | 11,260 | ||
Securities Available-for-Sale,Gross Unrealized Gain, After 5 Years to 10 Years | 0 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses, After 5 Years to 10 Years | (513) | (791) | ||
Securities Available-for-Sale, Allowance for Credit Loss, After 5 Years to 10 Years | 0 | 0 | ||
Securities Available-for-Sale, Fair Value, After 5 Years to 10 Years | 9,608 | 10,469 | ||
Securities Available-for-Sale, Amortized Cost, Over 10 Years | 310,920 | 311,126 | ||
Securities Available-for-Sale,Gross Unrealized Gain, Over 10 Years | 748 | 119 | ||
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 Years | (30,327) | (38,645) | ||
Securities Available-for-Sale, Allowance for Credit Loss, After 10 Years | 0 | 0 | ||
Securities Available-for-Sale, Fair Value, Over 10 Years | 281,341 | 272,600 | ||
Investment securities available-for-sale, amortized cost | 321,253 | 322,704 | ||
Securities Available-for-Sale, Gross Unrealized Gain | 748 | 119 | ||
Securities Available-for-Sale, Gross Unrealized Losses | (30,843) | (39,442) | ||
Allowance for credit losses | 0 | 0 | ||
Debt securities | 291,158 | 283,381 | ||
State and political subdivisions | ||||
Debt Securities, Available-for-sale [Abstract] | ||||
Securities Available-for-Sale, Amortized Cost, Within 1 Year | 1,300 | |||
Securities Available-for-Sale,Gross Unrealized Gain, Within 1 Year | 0 | |||
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 Year | (5) | |||
Securities Available-for-Sale, Allowance for Credit Loss, Within 1 Year | 0 | |||
Securities Available-for-Sale, Fair Value, Within 1 Year | 1,295 | |||
Investment securities available-for-sale, amortized cost | 1,300 | |||
Securities Available-for-Sale, Gross Unrealized Gain | 0 | |||
Securities Available-for-Sale, Gross Unrealized Losses | (5) | |||
Allowance for credit losses | 0 | |||
Debt securities | 1,295 | |||
Collateralized mortgage obligations | ||||
Debt Securities, Available-for-sale [Abstract] | ||||
Securities Available-for-Sale, Amortized Cost, After 1 Year to 5 Years | 112 | 155 | ||
Securities Available-for-Sale,Gross Unrealized Gain, After 1 Year to 5 Years | 0 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses, After 1 Year to 5 Years | (2) | (4) | ||
Securities Available-for-sale, Allowance for Credit Loss, After 1 Year to 5 Years | 0 | 0 | ||
Securities Available-for-Sale, Fair Value, After 1 Year to 5 Years | 110 | 151 | ||
Securities Available-for-Sale, Amortized Cost, Over 10 Years | 1,528 | 1,663 | ||
Securities Available-for-Sale,Gross Unrealized Gain, Over 10 Years | 0 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses, Over 10 Years | (97) | (129) | ||
Securities Available-for-Sale, Allowance for Credit Loss, After 10 Years | 0 | 0 | ||
Securities Available-for-Sale, Fair Value, Over 10 Years | 1,431 | 1,534 | ||
Investment securities available-for-sale, amortized cost | 1,640 | 1,818 | ||
Securities Available-for-Sale, Gross Unrealized Gain | 0 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses | (99) | (133) | ||
Allowance for credit losses | 0 | 0 | ||
Debt securities | 1,541 | 1,685 | ||
Corporate bonds | ||||
Debt Securities, Available-for-sale [Abstract] | ||||
Securities Available-for-Sale, Amortized Cost, Within 1 Year | 8,889 | 5,905 | ||
Securities Available-for-Sale,Gross Unrealized Gain, Within 1 Year | 5 | 5 | ||
Securities Available-for-Sale, Gross Unrealized Losses, Within 1 Year | (94) | (58) | ||
Securities Available-for-Sale, Allowance for Credit Loss, Within 1 Year | (6) | (6) | ||
Securities Available-for-Sale, Fair Value, Within 1 Year | 8,794 | 5,846 | ||
Securities Available-for-Sale, Amortized Cost, After 1 Year to 5 Years | 48,394 | 10,924 | ||
Securities Available-for-Sale,Gross Unrealized Gain, After 1 Year to 5 Years | 66 | 16 | ||
Securities Available-for-Sale, Gross Unrealized Losses, After 1 Year to 5 Years | (2,613) | (303) | ||
Securities Available-for-sale, Allowance for Credit Loss, After 1 Year to 5 Years | (11) | (31) | ||
Securities Available-for-Sale, Fair Value, After 1 Year to 5 Years | 45,836 | 10,606 | ||
Securities Available-for-Sale, Amortized Cost, After 5 Years to 10 Years | 20,500 | 60,000 | ||
Securities Available-for-Sale,Gross Unrealized Gain, After 5 Years to 10 Years | 15 | 0 | ||
Securities Available-for-Sale, Gross Unrealized Losses, After 5 Years to 10 Years | (1,423) | (4,650) | ||
Securities Available-for-Sale, Allowance for Credit Loss, After 5 Years to 10 Years | 0 | (802) | ||
Securities Available-for-Sale, Fair Value, After 5 Years to 10 Years | 19,092 | 54,548 | ||
Investment securities available-for-sale, amortized cost | 77,783 | 76,829 | ||
Securities Available-for-Sale, Gross Unrealized Gain | 86 | 21 | ||
Securities Available-for-Sale, Gross Unrealized Losses | (4,130) | (5,011) | ||
Allowance for credit losses | 17 | 839 | $ 781 | $ 731 |
Debt securities | $ 73,722 | $ 71,000 |
Investment Securities - Amount of Securities in Unrealized Loss Position (Detail) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Fair Value [Abstract] | ||
Less than twelve months, fair value | $ 2,573 | $ 2,566 |
Debt securities, held-to-maturity, continuous unrealized loss position, less than 12 months, accumulated loss | (17) | (50) |
Twelve months or longer, fair value | 109,356 | 112,441 |
Debt securities, held-to-maturity, continuous unrealized loss position, 12 months or longer, accumulated loss | (15,272) | (19,054) |
Total, fair value | 111,929 | 115,007 |
Debt securities, held-to-maturity, unrealized loss position, accumulated loss | (15,289) | (19,104) |
Debt Securities, Available-for-sale, Unrealized Gain (Loss) [Abstract] | ||
Less than twelve months, fair value | 26,758 | 65,044 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss | (153) | (905) |
Twelve months or longer, fair value | 259,718 | 206,756 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss | (34,729) | (38,670) |
Total, fair value | 286,476 | 271,800 |
Available-for-sale securities, continuous unrealized loss position, accumulated loss | (34,882) | (39,575) |
Residential mortgage-backed securities | ||
Debt Securities, Held-to-maturity, Continuous Unrealized Loss Position, Fair Value [Abstract] | ||
Less than twelve months, fair value | 2,573 | 2,566 |
Debt securities, held-to-maturity, continuous unrealized loss position, less than 12 months, accumulated loss | (17) | (50) |
Twelve months or longer, fair value | 109,356 | 112,441 |
Debt securities, held-to-maturity, continuous unrealized loss position, 12 months or longer, accumulated loss | (15,272) | (19,054) |
Total, fair value | 111,929 | 115,007 |
Debt securities, held-to-maturity, unrealized loss position, accumulated loss | (15,289) | (19,104) |
Debt Securities, Available-for-sale, Unrealized Gain (Loss) [Abstract] | ||
Less than twelve months, fair value | 25,762 | 65,044 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss | (151) | (905) |
Twelve months or longer, fair value | 201,199 | 205,071 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss | (30,692) | (38,537) |
Total, fair value | 226,961 | 270,115 |
Available-for-sale securities, continuous unrealized loss position, accumulated loss | (30,843) | (39,442) |
Collateralized mortgage obligations | ||
Debt Securities, Available-for-sale, Unrealized Gain (Loss) [Abstract] | ||
Less than twelve months, fair value | 0 | 0 |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss | 0 | 0 |
Twelve months or longer, fair value | 1,542 | 1,685 |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss | (99) | (133) |
Total, fair value | 1,542 | 1,685 |
Available-for-sale securities, continuous unrealized loss position, accumulated loss | (99) | $ (133) |
Corporate bonds | ||
Debt Securities, Available-for-sale, Unrealized Gain (Loss) [Abstract] | ||
Less than twelve months, fair value | 996 | |
Available-for-sale securities, continuous unrealized loss position, less than 12 months, accumulated loss | (2) | |
Twelve months or longer, fair value | 56,977 | |
Available-for-sale securities, continuous unrealized loss position, 12 months or longer, accumulated loss | (3,938) | |
Total, fair value | 57,973 | |
Available-for-sale securities, continuous unrealized loss position, accumulated loss | $ (3,940) |
Investment Securities - Allowance for Credit Loss Rollforward (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |
---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Debt Securities, Available-for-sale [Line Items] | |||
Securities, available-for-sale, allowance for credit loss, beginning balance | $ (839) | ||
Securities, available-for-sale, allowance for credit loss, ending balance | $ (17) | (17) | |
Corporate bonds | |||
Debt Securities, Available-for-sale [Line Items] | |||
Securities, available-for-sale, allowance for credit loss, beginning balance | (839) | $ (731) | |
Change in securities for which a previous expected credit loss was recognized | 719 | 822 | (49) |
Additions for securities for which no previous expected credit losses were recognized | 1 | ||
Securities, available-for-sale, allowance for credit loss, ending balance | $ (17) | $ (17) | $ (781) |
Loans and Leases - Narrative (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
|
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Financing Receivable, Allowance for Credit Loss, Writeoff | $ 8,158 | $ 1,169 | $ 10,189 | $ 2,771 | |
Loans and leases held for investment | 6,801,185 | 6,684,837 | 6,801,185 | 6,684,837 | $ 6,826,583 |
Accrued interest receivable excluded from amortized cost on modified loans | 54 | 73 | 99 | 95 | |
Modified Loans | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Commitment to extend credit to borrowers experiencing financial difficulties whose terms have been modified | 1,200 | $ 971 | 1,200 | $ 971 | |
Doubtful | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Loans and leases held for investment | 0 | 0 | |||
Minimum | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Amount of loan relationship balance, loans reviewed annually | 1,000 | 1,000 | |||
Maximum | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Amount of loan relationship balance, loans reviewed on a performance basis | 1,000 | 1,000 | |||
Commercial Borrower | |||||
Financing Receivable, Credit Quality Indicator [Line Items] | |||||
Addition To NonAccrual | 23,700 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 7,300 | ||||
Loans and leases held for investment | $ 16,400 | $ 16,400 |
Loans and Leases - Summary of Major Loan and Lease Categories (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | $ 6,801,185 | $ 6,826,583 | $ 6,684,837 |
Less: Allowance for credit losses, loans and leases | (86,989) | (87,091) | |
Net loans and leases held for investment | 6,714,196 | 6,739,492 | |
Imputed interest on lease financings, included in the above table | (29,947) | (31,927) | |
Net deferred costs, included in the above table | 6,646 | 6,992 | |
Overdraft deposits included in the above table | 170 | 104 | |
Commercial, financial and agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 1,052,246 | 1,037,835 | 1,055,332 |
Real estate-commercial | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 3,485,615 | 3,530,451 | 3,373,889 |
Real estate-construction | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 302,424 | 274,483 | 313,229 |
Real estate-residential secured for business purpose | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 535,210 | 536,095 | 532,628 |
Real estate-residential secured for personal purpose | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 984,166 | 994,972 | 952,665 |
Real estate-home equity secured for personal purpose | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 195,014 | 186,836 | 179,150 |
Loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | 14,069 | 21,250 | 26,430 |
Lease financings | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans and leases held for investment | $ 232,441 | $ 244,661 | $ 251,514 |
Loans and Leases - Age Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | $ 6,773,276 | $ 6,813,916 | |
Nonaccrual Loans and Leases | 27,909 | 12,667 | |
Total Loans and Leases Held for Investment | 6,801,185 | 6,826,583 | $ 6,684,837 |
30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 22,745 | 12,217 | |
60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 4,114 | 4,512 | |
90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 125 | 321 | |
Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 26,984 | 17,050 | |
Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 6,746,292 | 6,796,866 | |
Commercial, financial and agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 1,045,342 | 1,034,040 | |
Nonaccrual Loans and Leases | 6,904 | 3,795 | |
Total Loans and Leases Held for Investment | 1,052,246 | 1,037,835 | 1,055,332 |
Commercial, financial and agricultural | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 8,270 | 1,750 | |
Commercial, financial and agricultural | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 2,188 | 723 | |
Commercial, financial and agricultural | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Commercial, financial and agricultural | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 10,458 | 2,473 | |
Commercial, financial and agricultural | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 1,034,884 | 1,031,567 | |
Real estate-commercial | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 3,469,954 | 3,527,772 | |
Nonaccrual Loans and Leases | 15,661 | 2,679 | |
Total Loans and Leases Held for Investment | 3,485,615 | 3,530,451 | 3,373,889 |
Real estate-commercial | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 3,129 | 415 | |
Real estate-commercial | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 202 | 2,919 | |
Real estate-commercial | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Real estate-commercial | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 3,331 | 3,334 | |
Real estate-commercial | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 3,466,623 | 3,524,438 | |
Real estate-construction | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 302,424 | 274,483 | |
Nonaccrual Loans and Leases | 0 | 0 | |
Total Loans and Leases Held for Investment | 302,424 | 274,483 | 313,229 |
Real estate-construction | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 635 | 3,659 | |
Real estate-construction | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Real estate-construction | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Real estate-construction | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 635 | 3,659 | |
Real estate-construction | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 301,789 | 270,824 | |
Real estate-residential secured for business purpose | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 532,861 | 535,509 | |
Nonaccrual Loans and Leases | 2,349 | 586 | |
Total Loans and Leases Held for Investment | 535,210 | 536,095 | 532,628 |
Real estate-residential secured for business purpose | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 2,871 | 1,077 | |
Real estate-residential secured for business purpose | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 361 | 0 | |
Real estate-residential secured for business purpose | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Real estate-residential secured for business purpose | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 3,232 | 1,077 | |
Real estate-residential secured for business purpose | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 529,629 | 534,432 | |
Real estate-residential secured for personal purpose | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 982,982 | 991,167 | |
Nonaccrual Loans and Leases | 1,184 | 3,805 | |
Total Loans and Leases Held for Investment | 984,166 | 994,972 | 952,665 |
Real estate-residential secured for personal purpose | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 3,900 | 3,040 | |
Real estate-residential secured for personal purpose | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 157 | 0 | |
Real estate-residential secured for personal purpose | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Real estate-residential secured for personal purpose | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 4,057 | 3,040 | |
Real estate-residential secured for personal purpose | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 978,925 | 988,127 | |
Real estate-home equity secured for personal purpose | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 193,760 | 185,645 | |
Nonaccrual Loans and Leases | 1,254 | 1,191 | |
Total Loans and Leases Held for Investment | 195,014 | 186,836 | 179,150 |
Real estate-home equity secured for personal purpose | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 1,154 | 1,063 | |
Real estate-home equity secured for personal purpose | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 576 | 309 | |
Real estate-home equity secured for personal purpose | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 0 | 0 | |
Real estate-home equity secured for personal purpose | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 1,730 | 1,372 | |
Real estate-home equity secured for personal purpose | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 192,030 | 184,273 | |
Loans to individuals | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 14,069 | 21,250 | |
Nonaccrual Loans and Leases | 0 | 0 | |
Total Loans and Leases Held for Investment | 14,069 | 21,250 | 26,430 |
Loans to individuals | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 167 | 187 | |
Loans to individuals | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 144 | 59 | |
Loans to individuals | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 16 | 24 | |
Loans to individuals | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 327 | 270 | |
Loans to individuals | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 13,742 | 20,980 | |
Lease financings | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Accruing Loans and Leases | 231,884 | 244,050 | |
Nonaccrual Loans and Leases | 557 | 611 | |
Total Loans and Leases Held for Investment | 232,441 | 244,661 | $ 251,514 |
Lease financings | 30-59 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 2,619 | 1,026 | |
Lease financings | 60-89 Days Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 486 | 502 | |
Lease financings | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 109 | 297 | |
Lease financings | Total Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | 3,214 | 1,825 | |
Lease financings | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total Loans and Leases Held for Investment | $ 228,670 | $ 242,225 |
Loans and Leases - Nonperforming Loans and Leases (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | $ 27,909 | $ 12,667 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 125 | 321 |
Total Nonperforming Loans and Leases | 28,034 | 12,988 |
Commercial, financial and agricultural | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 6,904 | 3,795 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Total Nonperforming Loans and Leases | 6,904 | 3,795 |
Real estate-commercial | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 15,661 | 2,679 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Total Nonperforming Loans and Leases | 15,661 | 2,679 |
Real estate-residential secured for business purpose | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 2,349 | 586 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Total Nonperforming Loans and Leases | 2,349 | 586 |
Real estate-residential secured for personal purpose | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 1,184 | 3,805 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Total Nonperforming Loans and Leases | 1,184 | 3,805 |
Real estate-home equity secured for personal purpose | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 1,254 | 1,191 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Total Nonperforming Loans and Leases | 1,254 | 1,191 |
Loans to individuals | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 0 | 0 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 16 | 24 |
Total Nonperforming Loans and Leases | 16 | 24 |
Lease financings | ||
Nonperforming Loans And Leases [Line Items] | ||
Nonaccrual Loans and Leases | 557 | 611 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 109 | 297 |
Total Nonperforming Loans and Leases | $ 666 | $ 908 |
Loans and Leases - Nonaccrual (Details) - USD ($) $ in Thousands |
3 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
|
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | $ 22,733 | $ 7,603 |
Nonaccrual With Allowance for Credit Losses | 5,176 | 5,064 |
Total Nonaccrual | 27,909 | 12,667 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 125 | 321 |
Interest income recognized on nonaccrual loans and leases | 23 | |
Commercial, financial and agricultural | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 2,645 | 187 |
Nonaccrual With Allowance for Credit Losses | 4,259 | 3,608 |
Total Nonaccrual | 6,904 | 3,795 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Real estate-commercial | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 15,301 | 1,834 |
Nonaccrual With Allowance for Credit Losses | 360 | 845 |
Total Nonaccrual | 15,661 | 2,679 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Real estate-residential secured for business purpose | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 2,349 | 586 |
Nonaccrual With Allowance for Credit Losses | 0 | 0 |
Total Nonaccrual | 2,349 | 586 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Residential secured for personal purpose | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 1,184 | 3,805 |
Nonaccrual With Allowance for Credit Losses | 0 | 0 |
Total Nonaccrual | 1,184 | 3,805 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Real estate-home equity secured for personal purpose | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 1,254 | 1,191 |
Nonaccrual With Allowance for Credit Losses | 0 | 0 |
Total Nonaccrual | 1,254 | 1,191 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 0 | 0 |
Loans to individuals | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 0 | 0 |
Nonaccrual With Allowance for Credit Losses | 0 | 0 |
Total Nonaccrual | 0 | 0 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | 16 | 24 |
Lease financings | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Nonaccrual With No Allowance for Credit Losses | 0 | 0 |
Nonaccrual With Allowance for Credit Losses | 557 | 611 |
Total Nonaccrual | 557 | 611 |
Loans and Leases 90 Days or more Past Due and Accruing Interest | $ 109 | $ 297 |
Loans and Leases - Collateral Dependent Loans (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | $ 27,909 | $ 12,667 |
Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 24,535 | 9,764 |
Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 2,678 | 2,454 |
None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 696 | 449 |
Commercial, financial and agricultural | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 6,904 | 3,795 |
Commercial, financial and agricultural | Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 4,087 | 1,521 |
Commercial, financial and agricultural | Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 2,121 | 1,843 |
Commercial, financial and agricultural | None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 696 | 431 |
Real estate-commercial | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 15,661 | 2,679 |
Real estate-commercial | Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 15,661 | 2,661 |
Real estate-commercial | Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Real estate-commercial | None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 18 |
Real estate-residential secured for business purpose | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 2,349 | 586 |
Real estate-residential secured for business purpose | Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 2,349 | 586 |
Real estate-residential secured for business purpose | Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Real estate-residential secured for business purpose | None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Residential secured for personal purpose | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 1,184 | 3,805 |
Residential secured for personal purpose | Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 1,184 | 3,805 |
Residential secured for personal purpose | Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Residential secured for personal purpose | None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Real estate-home equity secured for personal purpose | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 1,254 | 1,191 |
Real estate-home equity secured for personal purpose | Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 1,254 | 1,191 |
Real estate-home equity secured for personal purpose | Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Real estate-home equity secured for personal purpose | None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Lease financings | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 557 | 611 |
Lease financings | Real Estate | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 0 | 0 |
Lease financings | Other | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | 557 | 611 |
Lease financings | None | ||
Financing Receivable, Allowance for Credit Loss [Line Items] | ||
Total nonaccrual loans | $ 0 | $ 0 |
Loans and Leases - Credit Quality (Details) - USD ($) $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
|
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | $ 562,643 | $ 949,352 |
2024 | 787,357 | 689,996 |
2023 | 618,239 | 1,179,625 |
2022 | 1,119,012 | 793,509 |
2021 | 736,221 | 612,928 |
Prior | 924,679 | 559,868 |
Revolving Loans Amortized Cost Basis | 626,354 | 592,715 |
Revolving Loans Converted to Term | 990 | 871 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract] | ||
2025 | 9 | |
2023 | 2,070 | |
2022 | 27 | |
Prior | 585 | |
Revolving Loans Amortized Cost Basis | 6,723 | |
Total | 9,414 | |
Pass | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 553,937 | 943,172 |
2024 | 770,094 | 682,768 |
2023 | 606,457 | 1,145,754 |
2022 | 1,085,990 | 785,210 |
2021 | 718,279 | 605,137 |
Prior | 907,514 | 539,899 |
Revolving Loans Amortized Cost Basis | 567,925 | 544,116 |
Revolving Loans Converted to Term | 990 | 871 |
Total | 5,211,186 | 5,246,927 |
Special Mention | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 7,966 | 5,932 |
2024 | 9,269 | 6,728 |
2023 | 9,487 | 25,139 |
2022 | 23,359 | 849 |
2021 | 673 | 3,438 |
Prior | 1,221 | 12,213 |
Revolving Loans Amortized Cost Basis | 21,789 | 27,106 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 73,764 | 81,405 |
Substandard | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 740 | 248 |
2024 | 7,994 | 500 |
2023 | 2,295 | 8,732 |
2022 | 9,663 | 7,450 |
2021 | 17,269 | 4,353 |
Prior | 15,944 | 7,756 |
Revolving Loans Amortized Cost Basis | 36,640 | 21,493 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 90,545 | 50,532 |
Performing | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 47,219 | 111,630 |
2024 | 103,108 | 287,085 |
2023 | 275,498 | 406,211 |
2022 | 384,771 | 219,517 |
2021 | 205,920 | 128,077 |
Prior | 206,410 | 91,654 |
Revolving Loans Amortized Cost Basis | 198,528 | 197,617 |
Total | 1,421,454 | 1,441,791 |
Nonperforming | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 23 | 197 |
2024 | 36 | 168 |
2023 | 194 | 636 |
2022 | 392 | 69 |
2021 | 109 | 2,861 |
Prior | 1,112 | 827 |
Revolving Loans Amortized Cost Basis | 1,254 | 1,170 |
Total | 3,120 | 5,928 |
Commercial, financial and agricultural | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 130,047 | 236,547 |
2024 | 156,036 | 80,442 |
2023 | 68,507 | 94,603 |
2022 | 68,283 | 101,924 |
2021 | 78,772 | 16,408 |
Prior | 55,676 | 50,730 |
Revolving Loans Amortized Cost Basis | 493,935 | 456,310 |
Revolving Loans Converted to Term | 990 | 871 |
Total | 1,052,246 | 1,037,835 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract] | ||
2025 | 9 | |
2023 | 2,070 | |
2022 | 7 | |
Prior | 585 | |
Revolving Loans Amortized Cost Basis | 6,723 | |
Total | 9,394 | |
Commercial, financial and agricultural | Pass | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 129,091 | 232,925 |
2024 | 148,042 | 73,453 |
2023 | 59,416 | 68,205 |
2022 | 43,197 | 95,135 |
2021 | 73,033 | 16,403 |
Prior | 50,049 | 44,329 |
Revolving Loans Amortized Cost Basis | 440,540 | 411,413 |
Revolving Loans Converted to Term | 990 | 871 |
Total | 944,358 | 942,734 |
Commercial, financial and agricultural | Special Mention | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 461 | 3,622 |
2024 | 0 | 6,489 |
2023 | 8,637 | 24,423 |
2022 | 23,359 | 166 |
2021 | 0 | 5 |
Prior | 0 | 0 |
Revolving Loans Amortized Cost Basis | 21,689 | 27,106 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 54,146 | 61,811 |
Commercial, financial and agricultural | Substandard | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 495 | 0 |
2024 | 7,994 | 500 |
2023 | 454 | 1,975 |
2022 | 1,727 | 6,623 |
2021 | 5,739 | 0 |
Prior | 5,627 | 6,401 |
Revolving Loans Amortized Cost Basis | 31,706 | 17,791 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 53,742 | 33,290 |
Real estate-commercial | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 310,099 | 508,407 |
2024 | 441,976 | 441,802 |
2023 | 411,917 | 885,449 |
2022 | 869,928 | 582,520 |
2021 | 554,692 | 542,969 |
Prior | 813,316 | 485,264 |
Revolving Loans Amortized Cost Basis | 83,687 | 84,040 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 3,485,615 | 3,530,451 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract] | ||
2022 | 20 | |
Total | 20 | |
Real estate-commercial | Pass | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 302,594 | 506,644 |
2024 | 432,781 | 441,802 |
2023 | 411,318 | 882,071 |
2022 | 866,924 | 581,693 |
2021 | 543,162 | 538,539 |
Prior | 802,582 | 471,734 |
Revolving Loans Amortized Cost Basis | 81,928 | 81,145 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 3,441,289 | 3,503,628 |
Real estate-commercial | Special Mention | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 7,505 | 1,763 |
2024 | 9,195 | 0 |
2023 | 412 | 716 |
2022 | 0 | 0 |
2021 | 0 | 3,028 |
Prior | 1,221 | 12,213 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 18,333 | 17,720 |
Real estate-commercial | Substandard | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 0 |
2024 | 0 | 0 |
2023 | 187 | 2,662 |
2022 | 3,004 | 827 |
2021 | 11,530 | 1,402 |
Prior | 9,513 | 1,317 |
Revolving Loans Amortized Cost Basis | 1,759 | 2,895 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 25,993 | 9,103 |
Real estate-construction | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 70,785 | 109,875 |
2024 | 104,316 | 71,770 |
2023 | 50,790 | 62,167 |
2022 | 53,395 | 4,226 |
2021 | 3,122 | 4,103 |
Prior | 3,503 | 1,899 |
Revolving Loans Amortized Cost Basis | 16,513 | 20,443 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 302,424 | 274,483 |
Real estate-construction | Pass | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 70,540 | 109,627 |
2024 | 104,316 | 71,770 |
2023 | 50,790 | 58,072 |
2022 | 48,463 | 4,226 |
2021 | 3,122 | 1,700 |
Prior | 3,503 | 1,899 |
Revolving Loans Amortized Cost Basis | 13,463 | 19,636 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 294,197 | 266,930 |
Real estate-construction | Special Mention | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 0 |
2024 | 0 | 0 |
2023 | 0 | 0 |
2022 | 0 | 0 |
2021 | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 0 | 0 |
Real estate-construction | Substandard | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 245 | 248 |
2024 | 0 | 0 |
2023 | 0 | 4,095 |
2022 | 4,932 | 0 |
2021 | 0 | 2,403 |
Prior | 0 | 0 |
Revolving Loans Amortized Cost Basis | 3,050 | 807 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 8,227 | 7,553 |
Real estate-residential secured for business purpose | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 51,712 | 94,523 |
2024 | 85,029 | 95,982 |
2023 | 87,025 | 137,406 |
2022 | 127,406 | 104,839 |
2021 | 99,635 | 49,448 |
Prior | 52,184 | 21,975 |
Revolving Loans Amortized Cost Basis | 32,219 | 31,922 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 535,210 | 536,095 |
Real estate-residential secured for business purpose | Pass | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 51,712 | 93,976 |
2024 | 84,955 | 95,743 |
2023 | 84,933 | 137,406 |
2022 | 127,406 | 104,156 |
2021 | 98,962 | 48,495 |
Prior | 51,380 | 21,937 |
Revolving Loans Amortized Cost Basis | 31,994 | 31,922 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 531,342 | 533,635 |
Real estate-residential secured for business purpose | Special Mention | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 547 |
2024 | 74 | 239 |
2023 | 438 | 0 |
2022 | 0 | 683 |
2021 | 673 | 405 |
Prior | 0 | 0 |
Revolving Loans Amortized Cost Basis | 100 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 1,285 | 1,874 |
Real estate-residential secured for business purpose | Substandard | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 0 |
2024 | 0 | 0 |
2023 | 1,654 | 0 |
2022 | 0 | 0 |
2021 | 0 | 548 |
Prior | 804 | 38 |
Revolving Loans Amortized Cost Basis | 125 | 0 |
Revolving Loans Converted to Term | 0 | 0 |
Total | 2,583 | 586 |
Residential secured for personal purpose | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 11,748 | 25,908 |
2024 | 27,343 | 203,136 |
2023 | 205,261 | 356,648 |
2022 | 346,610 | 195,764 |
2021 | 190,302 | 124,579 |
Prior | 201,786 | 88,937 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 983,050 | 994,972 |
Residential secured for personal purpose | Performing | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 11,748 | 25,908 |
2024 | 27,343 | 203,136 |
2023 | 205,261 | 356,506 |
2022 | 346,472 | 195,727 |
2021 | 190,302 | 121,743 |
Prior | 200,740 | 88,147 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 981,866 | 991,167 |
Residential secured for personal purpose | Nonperforming | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 0 |
2024 | 0 | 0 |
2023 | 0 | 142 |
2022 | 138 | 37 |
2021 | 0 | 2,836 |
Prior | 1,046 | 790 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 1,184 | 3,805 |
Real estate-home equity secured for personal purpose | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 255 | 354 |
2024 | 239 | 352 |
2023 | 328 | 2,281 |
2022 | 2,102 | 402 |
2021 | 353 | 326 |
Prior | 1,353 | 1,201 |
Revolving Loans Amortized Cost Basis | 190,384 | 181,920 |
Total | 195,014 | 186,836 |
Real estate-home equity secured for personal purpose | Performing | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 255 | 354 |
2024 | 239 | 352 |
2023 | 328 | 2,260 |
2022 | 2,102 | 402 |
2021 | 353 | 326 |
Prior | 1,353 | 1,201 |
Revolving Loans Amortized Cost Basis | 189,130 | 180,750 |
Total | 193,760 | 185,645 |
Real estate-home equity secured for personal purpose | Nonperforming | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 0 |
2024 | 0 | 0 |
2023 | 0 | 21 |
2022 | 0 | 0 |
2021 | 0 | 0 |
Prior | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,254 | 1,170 |
Total | 1,254 | 1,191 |
Loans to individuals | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 1,203 | 2,008 |
2024 | 1,682 | 963 |
2023 | 690 | 459 |
2022 | 285 | 300 |
2021 | 216 | 19 |
Prior | 595 | 634 |
Revolving Loans Amortized Cost Basis | 9,398 | 16,867 |
Total | 14,069 | 21,250 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract] | ||
2025 | 50 | |
2024 | 78 | |
2023 | 48 | |
2022 | 9 | |
2021 | 0 | |
Prior | 0 | |
Revolving Loans Amortized Cost Basis | 168 | |
Total | 353 | |
Loans to individuals | Performing | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 1,203 | 2,008 |
2024 | 1,682 | 963 |
2023 | 690 | 459 |
2022 | 285 | 300 |
2021 | 216 | 19 |
Prior | 579 | 610 |
Revolving Loans Amortized Cost Basis | 9,398 | 16,867 |
Total | 14,053 | 21,226 |
Loans to individuals | Nonperforming | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 0 | 0 |
2024 | 0 | 0 |
2023 | 0 | 0 |
2022 | 0 | 0 |
2021 | 0 | 0 |
Prior | 16 | 24 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 16 | 24 |
Lease financings | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 34,036 | 83,557 |
2024 | 73,880 | 82,802 |
2023 | 69,413 | 47,459 |
2022 | 36,166 | 23,120 |
2021 | 15,158 | 6,014 |
Prior | 3,788 | 1,709 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 232,441 | 244,661 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract] | ||
2025 | 0 | |
2024 | 0 | |
2023 | 161 | |
2022 | 164 | |
2021 | 34 | |
Prior | 47 | |
Revolving Loans Amortized Cost Basis | 16 | |
Total | 422 | |
Lease financings | Performing | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 34,013 | 83,360 |
2024 | 73,844 | 82,634 |
2023 | 69,219 | 46,986 |
2022 | 35,912 | 23,088 |
2021 | 15,049 | 5,989 |
Prior | 3,738 | 1,696 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 231,775 | 243,753 |
Lease financings | Nonperforming | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 23 | 197 |
2024 | 36 | 168 |
2023 | 194 | 473 |
2022 | 254 | 32 |
2021 | 109 | 25 |
Prior | 50 | 13 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Total | 666 | 908 |
Financing Receivable | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
2025 | 47,242 | 111,827 |
2024 | 103,144 | 287,253 |
2023 | 275,692 | 406,847 |
2022 | 385,163 | 219,586 |
2021 | 206,029 | 130,938 |
Prior | 207,522 | 92,481 |
Revolving Loans Amortized Cost Basis | 199,782 | 198,787 |
Total | 1,424,574 | 1,447,719 |
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract] | ||
2025 | 50 | |
2024 | 78 | |
2023 | 209 | |
2022 | 173 | |
2021 | 34 | |
Prior | 47 | |
Revolving Loans Amortized Cost Basis | 184 | |
Total | 775 | |
Commercial, Financial And Agricultural, Real Estate-Commercial, Real Estate-Construction, And Real Estate-Residential Secured For Business Purpose Loans | ||
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract] | ||
Total | $ 5,375,495 | $ 5,378,864 |
Loans and Leases - Allowance for Credit Losses, Loans and Leases, Roll Forward (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | $ 87,790 | $ 85,632 | $ 87,091 | $ 85,387 |
Provision for credit losses | 7,006 | 922 | 9,391 | 2,573 |
Charge-offs | (8,158) | (1,169) | (10,189) | (2,771) |
Recoveries | 351 | 360 | 696 | 556 |
Ending balance | 86,989 | 85,745 | 86,989 | 85,745 |
Commercial, financial and agricultural | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 17,527 | 13,932 | 16,079 | 13,699 |
Provision for credit losses | 6,973 | 1,448 | 9,652 | 2,263 |
Charge-offs | (7,837) | (920) | (9,394) | (1,513) |
Recoveries | 316 | 85 | 642 | 96 |
Ending balance | 16,979 | 14,545 | 16,979 | 14,545 |
Real estate-commercial | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 47,166 | 45,853 | 46,867 | 45,849 |
Provision for credit losses | (831) | 121 | (516) | 122 |
Charge-offs | 0 | 0 | (20) | 0 |
Recoveries | 3 | 4 | 7 | 7 |
Ending balance | 46,338 | 45,978 | 46,338 | 45,978 |
Real estate-construction | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 4,750 | 6,254 | 4,924 | 6,543 |
Provision for credit losses | 503 | (101) | 329 | 110 |
Charge-offs | 0 | 0 | 0 | (500) |
Recoveries | 0 | 0 | 0 | 0 |
Ending balance | 5,253 | 6,153 | 5,253 | 6,153 |
Real estate-residential secured for business purpose | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 7,507 | 8,800 | 7,491 | 8,692 |
Provision for credit losses | (39) | (1,294) | (23) | (1,188) |
Charge-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 233 | 0 | 235 |
Ending balance | 7,468 | 7,739 | 7,468 | 7,739 |
Residential secured for personal purpose | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 6,394 | 6,637 | 7,222 | 6,349 |
Provision for credit losses | 50 | (31) | (778) | 123 |
Charge-offs | 0 | 0 | 0 | 0 |
Recoveries | 7 | 0 | 7 | 134 |
Ending balance | 6,451 | 6,606 | 6,451 | 6,606 |
Real estate-home equity secured for personal purpose | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 1,566 | 1,184 | 1,706 | 1,289 |
Provision for credit losses | 43 | 504 | (97) | 399 |
Charge-offs | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Ending balance | 1,609 | 1,688 | 1,609 | 1,688 |
Loans to individuals | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 328 | 388 | 342 | 392 |
Provision for credit losses | 189 | 70 | 333 | 305 |
Charge-offs | (188) | (127) | (353) | (406) |
Recoveries | 15 | 17 | 22 | 57 |
Ending balance | 344 | 348 | 344 | 348 |
Lease financings | ||||
Allowance for Loan and Lease Losses [Roll Forward] | ||||
Beginning balance | 2,552 | 2,584 | 2,460 | 2,574 |
Provision for credit losses | 118 | 205 | 491 | 439 |
Charge-offs | (133) | (122) | (422) | (352) |
Recoveries | 10 | 21 | 18 | 27 |
Ending balance | $ 2,547 | $ 2,688 | $ 2,547 | $ 2,688 |
Loans and Leases - Allowance for Loan and Lease Losses and Recorded Investment in Loans and Leases (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
---|---|---|---|---|---|---|
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | $ 2,808 | $ 456 | ||||
Ending balance: pooled | 84,181 | 85,289 | ||||
Financing Receivable, Allowance for Credit Loss | 86,989 | $ 87,790 | $ 87,091 | 85,745 | $ 85,632 | $ 85,387 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 27,468 | 15,748 | ||||
Ending balance: pooled | 6,773,717 | 6,669,089 | ||||
Total Loans and Leases Held for Investment | 6,801,185 | 6,826,583 | 6,684,837 | |||
Commercial, financial and agricultural | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 2,541 | 433 | ||||
Ending balance: pooled | 14,438 | 14,112 | ||||
Financing Receivable, Allowance for Credit Loss | 16,979 | 17,527 | 16,079 | 14,545 | 13,932 | 13,699 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 6,904 | 2,237 | ||||
Ending balance: pooled | 1,045,342 | 1,053,095 | ||||
Total Loans and Leases Held for Investment | 1,052,246 | 1,037,835 | 1,055,332 | |||
Real estate-commercial | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 151 | 23 | ||||
Ending balance: pooled | 46,187 | 45,955 | ||||
Financing Receivable, Allowance for Credit Loss | 46,338 | 47,166 | 46,867 | 45,978 | 45,853 | 45,849 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 15,661 | 4,140 | ||||
Ending balance: pooled | 3,469,954 | 3,369,749 | ||||
Total Loans and Leases Held for Investment | 3,485,615 | 3,530,451 | 3,373,889 | |||
Real estate-construction | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 0 | ||||
Ending balance: pooled | 5,253 | 6,153 | ||||
Financing Receivable, Allowance for Credit Loss | 5,253 | 4,750 | 4,924 | 6,153 | 6,254 | 6,543 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 3,523 | ||||
Ending balance: pooled | 302,424 | 309,706 | ||||
Total Loans and Leases Held for Investment | 302,424 | 274,483 | 313,229 | |||
Real estate-residential secured for business purpose | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 0 | ||||
Ending balance: pooled | 7,468 | 7,739 | ||||
Financing Receivable, Allowance for Credit Loss | 7,468 | 7,507 | 7,491 | 7,739 | 8,800 | 8,692 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 2,349 | 822 | ||||
Ending balance: pooled | 532,861 | 531,806 | ||||
Total Loans and Leases Held for Investment | 535,210 | 536,095 | 532,628 | |||
Residential secured for personal purpose | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 0 | ||||
Ending balance: pooled | 6,451 | 6,606 | ||||
Financing Receivable, Allowance for Credit Loss | 6,451 | 6,394 | 7,222 | 6,606 | 6,637 | 6,349 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 1,184 | 3,818 | ||||
Ending balance: pooled | 982,982 | 948,847 | ||||
Total Loans and Leases Held for Investment | 984,166 | 994,972 | 952,665 | |||
Real estate-home equity secured for personal purpose | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 0 | ||||
Ending balance: pooled | 1,609 | 1,688 | ||||
Financing Receivable, Allowance for Credit Loss | 1,609 | 1,566 | 1,706 | 1,688 | 1,184 | 1,289 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 1,254 | 1,193 | ||||
Ending balance: pooled | 193,760 | 177,957 | ||||
Total Loans and Leases Held for Investment | 195,014 | 186,836 | 179,150 | |||
Loans to individuals | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 0 | ||||
Ending balance: pooled | 344 | 348 | ||||
Financing Receivable, Allowance for Credit Loss | 344 | 328 | 342 | 348 | 388 | 392 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 0 | 15 | ||||
Ending balance: pooled | 14,069 | 26,415 | ||||
Total Loans and Leases Held for Investment | 14,069 | 21,250 | 26,430 | |||
Lease financings | ||||||
Allowance For Credit Losses, Loans And Leases [Abstract] | ||||||
Ending balance: individually analyzed | 116 | 0 | ||||
Ending balance: pooled | 2,431 | 2,688 | ||||
Financing Receivable, Allowance for Credit Loss | 2,547 | $ 2,552 | 2,460 | 2,688 | $ 2,584 | $ 2,574 |
Loans and leases held for investment [Abstract] | ||||||
Ending balance: individually analyzed | 116 | 0 | ||||
Ending balance: pooled | 232,325 | 251,514 | ||||
Total Loans and Leases Held for Investment | $ 232,441 | $ 244,661 | $ 251,514 |
Loans and Leases - Accruing and Nonaccruing Modified Loans to Borrowers Experiencing Financial Difficulty (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025
USD ($)
loan
|
Jun. 30, 2024
USD ($)
loan
|
Jun. 30, 2025
USD ($)
loan
|
Jun. 30, 2024
USD ($)
loan
|
|
Accrual Modified Loans | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 4 | 1 | 7 | 3 |
Amortized Cost Basis* | $ 12,514 | $ 4,925 | $ 19,634 | $ 8,138 |
Related allowance | $ 64 | $ 10 | $ 73 | $ 12 |
Accrual Modified Loans | Payment Deferral | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 0 | 2 | 0 | 2 |
Amortized Cost Basis* | $ 0 | $ 7,333 | $ 0 | $ 7,333 |
Related allowance | $ 0 | $ 98 | $ 0 | $ 98 |
Accrual Modified Loans | Commercial, financial and agricultural | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 4 | 1 | 5 | 1 |
Amortized Cost Basis* | $ 12,514 | $ 4,925 | $ 14,624 | $ 4,925 |
Percent of total class of financing receivable | 1.19% | 0.47% | 1.39% | 0.47% |
Related allowance | $ 64 | $ 10 | $ 68 | $ 10 |
Accrual Modified Loans | Commercial, financial and agricultural | Payment Deferral | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 0 | 2 | 0 | 2 |
Amortized Cost Basis* | $ 0 | $ 7,333 | $ 0 | $ 7,333 |
Percent of total class of financing receivable | 0.00% | 0.69% | 0.00% | 0.69% |
Related allowance | $ 0 | $ 98 | $ 0 | $ 98 |
Accrual Modified Loans | Real estate-commercial | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 0 | 2 | ||
Amortized Cost Basis* | $ 0 | $ 3,213 | ||
Percent of total class of financing receivable | 0.00% | 0.10% | ||
Related allowance | $ 0 | $ 2 | ||
Accrual Modified Loans | Real estate-construction | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 2 | |||
Amortized Cost Basis* | $ 5,010 | |||
Percent of total class of financing receivable | 1.66% | |||
Related allowance | $ 5 | |||
Nonaccrual Modified Loans | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 0 | 0 | 0 | 2 |
Amortized Cost Basis* | $ 0 | $ 0 | $ 0 | $ 3,523 |
Related allowance | $ 0 | $ 0 | $ 0 | $ 0 |
Nonaccrual Modified Loans | Payment Deferral | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 0 | 0 | 0 | 0 |
Amortized Cost Basis* | $ 0 | $ 0 | $ 0 | $ 0 |
Related allowance | $ 0 | $ 0 | $ 0 | $ 0 |
Nonaccrual Modified Loans | Real estate-construction | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | loan | 0 | 2 | ||
Amortized Cost Basis* | $ 0 | $ 3,523 | ||
Percent of total class of financing receivable | 0.00% | 1.12% | ||
Related allowance | $ 0 | $ 0 |
Loans and Leases - Schedule of Financial Effect on Accruing and Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficuly (Details) - loan |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Accrual Modified Loans | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 4 | 1 | 7 | 3 |
Accrual Modified Loans | Payment Deferral | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 0 | 2 | 0 | 2 |
Accrual Modified Loans | Commercial, financial and agricultural | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 4 | 1 | 5 | 1 |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 8 months | 10 months | 9 months | 10 months |
Accrual Modified Loans | Commercial, financial and agricultural | Payment Deferral | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 0 | 2 | 0 | 2 |
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 3 months | 3 months | ||
Accrual Modified Loans | Real estate-commercial | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 0 | 2 | ||
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 8 months | |||
Accrual Modified Loans | Real estate-construction | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 2 | |||
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 5 months | |||
Nonaccrual Modified Loans | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 0 | 0 | 0 | 2 |
Nonaccrual Modified Loans | Payment Deferral | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 0 | 0 | 0 | 0 |
Nonaccrual Modified Loans | Real estate-construction | Maturity Date Extension | ||||
Financing Receivable, Modified Loans [Line Items] | ||||
Number of loans | 0 | 2 | ||
Financing Receivable, Modified, Weighted Average Term Increase from Modification | 8 months |
Loans and Leases - Aging Analysis of Accruing and Nonaccrual Modified Loans to Borrowers Experiencing Financial Difficult (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
---|---|---|---|
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | $ 6,801,185 | $ 6,826,583 | $ 6,684,837 |
Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 19,634 | 20,318 | |
Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 3,523 | |
Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 6,746,292 | 6,796,866 | |
Current | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 19,634 | 20,318 | |
Current | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 3,523 | |
Financial Asset, 30 to 89 Days Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
Financial Asset, 30 to 89 Days Past Due | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 125 | 321 | |
90 Days or more Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
90 Days or more Past Due | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
Commercial, financial and agricultural | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 1,052,246 | 1,037,835 | 1,055,332 |
Commercial, financial and agricultural | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 14,624 | 12,258 | |
Commercial, financial and agricultural | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 1,034,884 | 1,031,567 | |
Commercial, financial and agricultural | Current | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 14,624 | 12,258 | |
Commercial, financial and agricultural | Financial Asset, 30 to 89 Days Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
Commercial, financial and agricultural | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
Commercial, financial and agricultural | 90 Days or more Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
Real estate-construction | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 302,424 | 274,483 | 313,229 |
Real estate-construction | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 5,010 | ||
Real estate-construction | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 3,523 | ||
Real estate-construction | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 301,789 | 270,824 | |
Real estate-construction | Current | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 5,010 | ||
Real estate-construction | Current | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 3,523 | ||
Real estate-construction | Financial Asset, 30 to 89 Days Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | ||
Real estate-construction | Financial Asset, 30 to 89 Days Past Due | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | ||
Real estate-construction | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | 0 | |
Real estate-construction | 90 Days or more Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | ||
Real estate-construction | 90 Days or more Past Due | Nonaccrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | ||
Real estate-commercial | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 3,485,615 | 3,530,451 | 3,373,889 |
Real estate-commercial | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 8,060 | ||
Real estate-commercial | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 3,466,623 | 3,524,438 | |
Real estate-commercial | Current | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 8,060 | ||
Real estate-commercial | Financial Asset, 30 to 89 Days Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | 0 | ||
Real estate-commercial | 90 Days or more Past Due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | $ 0 | $ 0 | |
Real estate-commercial | 90 Days or more Past Due | Accrual Modified Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Financial receivables, gross | $ 0 |
Loans and Leases - Mortgages in Process of Foreclosure (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Financing Receivable, Process of Foreclosure [Line Items] | ||
Foreclosed residential real estate | $ 2,526 | $ 234 |
Residential Real Estate | ||
Financing Receivable, Process of Foreclosure [Line Items] | ||
Mortgage loans in process of foreclosure, amount | 637 | 3,220 |
Residential secured for personal purpose | Residential Real Estate | ||
Financing Receivable, Process of Foreclosure [Line Items] | ||
Mortgage loans in process of foreclosure, amount | 637 | 3,095 |
Real estate-home equity secured for personal purpose | Residential Real Estate | ||
Financing Receivable, Process of Foreclosure [Line Items] | ||
Mortgage loans in process of foreclosure, amount | $ 0 | $ 125 |
Loans and Leases - Lease Payments Receivables (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Receivables [Abstract] | ||
2025 (excluding the six months ended June 30, 2025) | $ 49,075 | $ 91,125 |
2026 | 83,903 | 76,977 |
2027 | 63,391 | 56,881 |
2028 | 38,934 | 32,899 |
2029 | 18,183 | 12,101 |
Thereafter | 4,492 | 1,964 |
Total future minimum lease payments receivable | 257,978 | 271,947 |
Plus: Unguaranteed residual | 1,478 | 1,485 |
Plus: Initial direct costs | 2,932 | 3,156 |
Less: Imputed interest | (29,947) | (31,927) |
Lease financings | $ 232,441 | $ 244,661 |
Goodwill and Other Intangible Assets - Narrative (Details) - Servicing Rights [Member] - USD ($) $ in Thousands |
6 Months Ended | 12 Months Ended |
---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
|
Finite-Lived Intangible Assets [Line Items] | ||
Aggregate fair value of servicing rights | $ 11,400 | $ 12,700 |
Discount rates used for valuation of servicing rights | 11.10% | 11.00% |
Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands |
6 Months Ended |
---|---|
Jun. 30, 2025
USD ($)
| |
Goodwill [Line Items] | |
Goodwill, beginning balance | $ 175,510 |
Goodwill, acquired during period | 0 |
Goodwill, ending balance | 175,510 |
Banking1 [Member] | |
Goodwill [Line Items] | |
Goodwill, beginning balance | 138,476 |
Goodwill, acquired during period | 0 |
Goodwill, ending balance | 138,476 |
Wealth Management [Member] | |
Goodwill [Line Items] | |
Goodwill, beginning balance | 15,434 |
Goodwill, acquired during period | 0 |
Goodwill, ending balance | 15,434 |
Insurance [Member] | |
Goodwill [Line Items] | |
Goodwill, beginning balance | 21,600 |
Goodwill, acquired during period | 0 |
Goodwill, ending balance | $ 21,600 |
Goodwill and Other Intangible Assets - Components of Intangible Assets (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
---|---|---|---|---|---|---|
Finite-Lived Intangible Assets [Line Items] | ||||||
Gross carrying amount | $ 20,376 | $ 21,538 | ||||
Accumulated amortization | 12,409 | 13,229 | ||||
Net carrying amount | 7,967 | 8,309 | ||||
Core Deposits [Member] | ||||||
Finite-Lived Intangible Assets [Line Items] | ||||||
Gross carrying amount | 5,268 | 6,788 | ||||
Accumulated amortization | 5,172 | 6,597 | ||||
Net carrying amount | 96 | 191 | ||||
Customer Related Intangibles [Member] | ||||||
Finite-Lived Intangible Assets [Line Items] | ||||||
Gross carrying amount | 2,476 | 2,476 | ||||
Accumulated amortization | 1,514 | 1,348 | ||||
Net carrying amount | 962 | 1,128 | ||||
Servicing Rights [Member] | ||||||
Finite-Lived Intangible Assets [Line Items] | ||||||
Gross carrying amount | 12,632 | 12,274 | ||||
Accumulated amortization | 5,723 | 5,284 | ||||
Net carrying amount | 6,909 | 6,990 | ||||
Valuation allowance included in accumulated amortization | $ 21 | $ 26 | $ 7 | $ 17 | $ 18 | $ 98 |
Goodwill and Other Intangible Assets - Estimated Amortization Expense for Core Deposit and Customer Related Intangibles (Details) - Core Deposits And Customer Related Intangible Assets $ in Thousands |
Jun. 30, 2025
USD ($)
|
---|---|
Finite-Lived Intangible Assets [Line Items] | |
Remainder of 2025 | $ 208 |
2026 | 318 |
2027 | 216 |
2028 | 161 |
2029 | 105 |
Thereafter | 50 |
Total: Estimated amortization expense for core deposit and customer related intangibles | $ 1,058 |
Goodwill and Other Intangible Assets - Changes in Servicing Rights (Details) - Servicing Rights [Member] - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Servicing Asset at Amortized Cost, Balance [Roll Forward] | ||||
Beginning of period | $ 6,872 | $ 5,681 | $ 6,990 | $ 8,982 |
Servicing rights capitalized | 464 | 537 | 747 | 963 |
Amortization of servicing rights | (432) | (136) | (814) | (477) |
Sold servicing rights | 0 | 0 | 0 | (3,466) |
Changes in valuation allowance | 5 | 1 | (14) | 81 |
End of period | 6,909 | 6,083 | 6,909 | 6,083 |
Loans serviced for others | $ 1,049,499 | $ 933,873 | $ 1,049,499 | $ 933,873 |
Goodwill and Other Intangible Assets - Activity In Valuation Allowance For Servicing Rights (Details) - Servicing Rights [Member] - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Valuation Allowance for Impairment of Recognized Servicing Assets [Roll Forward] | ||||
Valuation allowance, beginning of period | $ (26) | $ (18) | $ (7) | $ (98) |
Additions | 0 | 0 | (14) | 0 |
Reductions | 5 | 1 | 0 | 81 |
Valuation allowance, end of period | $ (21) | $ (17) | $ (21) | $ (17) |
Goodwill and Other Intangible Assets - Estimated Amortization Expense of Servicing Rights (Details) - Servicing Rights [Member] - USD ($) $ in Thousands |
Jun. 30, 2025 |
Mar. 31, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
Mar. 31, 2024 |
Dec. 31, 2023 |
---|---|---|---|---|---|---|
Finite-Lived Intangible Assets [Line Items] | ||||||
Remainder of 2025 | $ 1,118 | |||||
2026 | 941 | |||||
2027 | 794 | |||||
2028 | 673 | |||||
2029 | 570 | |||||
Thereafter | 2,813 | |||||
Total: Estimated amortization expense of servicing rights | $ 6,909 | $ 6,872 | $ 6,990 | $ 6,083 | $ 5,681 | $ 8,982 |
Deposits - Additional Information (Detail) - USD ($) $ in Millions |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Deposits [Abstract] | ||
Aggregate amount of time deposits in denominations over $250 thousand | $ 321.6 | $ 276.0 |
Deposits - Schedule of Components of Weighted Average Interest Rate and Balance of Deposits (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Weighted Average Rate Domestic Deposit Liabilities [Abstract] | ||
Noninterest-bearing deposits | 0.00% | 0.00% |
Demand deposits | 3.31% | 3.25% |
Savings deposits | 0.45% | 0.44% |
Time deposits | 4.04% | 4.40% |
Total deposits | 2.43% | 2.52% |
Deposits [Abstract] | ||
Noninterest-bearing deposits | $ 1,461,189 | $ 1,414,635 |
Demand deposits | 2,896,516 | 3,186,597 |
Savings deposits | 723,996 | 704,321 |
Time deposits | 1,500,959 | 1,453,706 |
Total | $ 6,582,660 | $ 6,759,259 |
Deposits - Schedule of Maturities of Time Deposits (Detail) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Deposits [Abstract] | ||
Remainder of 2025 | $ 722,537 | |
2026 | 361,263 | |
2027 | 178,352 | |
2028 | 163,626 | |
2029 | 73,417 | |
Thereafter | 1,764 | |
Total | $ 1,500,959 | $ 1,453,706 |
Borrowings - Additional Information (Detail) - USD ($) |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Debt Disclosure [Abstract] | ||
Maximum borrowing capacity with FHLB | $ 3,200,000,000 | $ 3,300,000,000 |
Outstanding short-term letters of credit | 1,100,000,000 | 1,300,000,000 |
Available borrowing capacity from the Federal Home Loan Bank | 1,900,000,000 | 1,700,000,000 |
Investment securities and loans collateral for Federal Reserve Bank Discount Window Lending program | 414,500,000 | 397,200,000 |
Outstanding amount of federal fund line of credit with Federal Reserve Bank of Philadelphia | 0 | 0 |
Amount of maintained line of credit with correspondent bank - parent company | 10,000,000.0 | 10,000,000.0 |
Outstanding amount of line of credit with correspondent bank - parent company | 0 | 0 |
Total committed borrowing capacity | 3,600,000,000 | 3,700,000,000 |
Total committed borrowing capacity available | 2,300,000,000 | 2,100,000,000 |
Amount of maintained federal fund lines of credit with correspondent banks | $ 469,000,000 | $ 468,000,000 |
Borrowings - Summary of Borrowings By Type (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Schedule of Borrowings [Line Items] | ||
Balance at End of Period | $ 6,271 | $ 11,181 |
FHLB advances | ||
Schedule of Borrowings [Line Items] | ||
Balance at End of Period | $ 200,000 | $ 225,000 |
Weighted Average Interest Rate at End of Period | 4.20% | 4.35% |
Subordinated notes | ||
Schedule of Borrowings [Line Items] | ||
Balance at End of Period | $ 149,511 | $ 149,261 |
Weighted Average Interest Rate at End of Period | 6.08% | 6.08% |
Customer repurchase agreements | ||
Schedule of Borrowings [Line Items] | ||
Balance at End of Period | $ 6,271 | $ 11,181 |
Weighted Average Interest Rate at End of Period | 0.05% | 0.05% |
Borrowings - Schedule of Maturities of Long-term FHLB Advances (Details) $ in Thousands |
Jun. 30, 2025
USD ($)
|
---|---|
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract] | |
Remainder of 2025 | $ 0 |
2026 | 100,000 |
2027 | 25,000 |
2028 | 40,000 |
2029 | 25,000 |
Thereafter | 10,000 |
Total | $ 200,000 |
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract] | |
Remainder of 2025 weighted average interest rate | 0.00% |
2026 weighted average interest rate | 4.29% |
2027 weighted average interest rate | 3.99% |
2028 weighted average interest rate | 4.33% |
2029 weighted average interest rate | 3.91% |
Thereafter weighted average interest rate | 3.94% |
Weighted average interest rate | 4.20% |
Retirement Plans and Other Post Retirement Benefits - Narrative (Details) - USD ($) $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
|
Retirement Plans | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Expected employer contributions for next fiscal year | $ 156 | |
Defined benefit plan, contributions by employer | $ 78 | |
Defined benefit plan, benefits paid | 1,400 | |
Other Post Retirement Benefits | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Expected employer contributions for next fiscal year | $ 107 | |
Defined benefit plan, contributions by employer | 47 | |
Defined benefit plan, benefits paid | $ 47 |
Retirement Plans and Other Postretirement Benefits - Components of Net Periodic Benefit Cost (Income) (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Retirement Plans | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | $ 142 | $ 135 | $ 274 | $ 283 |
Interest cost | 604 | 600 | 1,208 | 1,192 |
Expected loss on plan assets | (899) | (869) | (1,790) | (1,740) |
Amortization of net actuarial loss (gain) | 61 | 176 | 124 | 351 |
Net periodic benefit (income) cost | (92) | 42 | (184) | 86 |
Other Post Retirement Benefits | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Service cost | 11 | 14 | 22 | 28 |
Interest cost | 27 | 27 | 54 | 54 |
Expected loss on plan assets | 0 | 0 | 0 | 0 |
Amortization of net actuarial loss (gain) | (38) | (29) | (49) | (57) |
Net periodic benefit (income) cost | $ 0 | $ 12 | $ 27 | $ 25 |
Stock-Based Incentive Plan - Status of Options Granted Under Long-Term Incentive Plan (Detail) - USD ($) $ / shares in Units, $ in Thousands |
6 Months Ended |
---|---|
Jun. 30, 2025 | |
Shares Under Option | |
Shares under option, outstanding, beginning balance | 127,782 |
Shares under option, exercised | (13,000) |
Shares under option, outstanding, ending balance | 114,782 |
Shares under options, exercisable at June 30, 2025 | 114,782 |
Weighted Average Exercise Price Per Share [Abstract] | |
Weighted average exercise price per share, outstanding, beginning balance | $ 27.72 |
Weighted average exercise price per share, outstanding, exercised | 24.84 |
Weighted average exercise price per share, outstanding, ending balance | 28.05 |
Weighted average exercise price per share, exercisable at June 30, 2025 | $ 28.05 |
Weighted average remaining contractual life, outstanding at June 30, 2025 | 2 years 1 month 6 days |
Weighted average remaining contractual life, exercisable at June 30, 2025 | 2 years 1 month 6 days |
Aggregated intrinsic value, outstanding at June 30, 2025 | $ 229 |
Aggregated intrinsic value, exercisable at June 30, 2025 | $ 229 |
Stock-Based Incentive Plan - Summary of Nonvested Restricted Stock Units (Detail) |
6 Months Ended |
---|---|
Jun. 30, 2025
$ / shares
shares
| |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Nonvested share units, beginning balance | shares | 501,679 |
Nonvested share units, granted (in shares) | shares | 196,666 |
Nonvested share units, added by performance factor | shares | 2,761 |
Nonvested share units, vested (in shares) | shares | (164,280) |
Nonvested share units, forfeited | shares | (5,451) |
Nonvested share units, ending balance | shares | 531,375 |
Weighted Average Grant Date Fair Value | |
Weighted average grant date fair value, beginning balance (in dollars per share) | $ / shares | $ 22.67 |
Weighted average grant date fair value, granted (in dollars per share) | $ / shares | 28.44 |
Weighted average grant date fair value, added by performance factor (in dollars per share) | $ / shares | 28.21 |
Weighted average grant date fair value, vested (in dollars per share) | $ / shares | 25.33 |
Weighted average grant date fair value, forfeited (in dollars per share) | $ / shares | 16.23 |
Weighted average grant date fair value, ending balance (in dollars per share) | $ / shares | $ 24.02 |
Stock-Based Incentive Plan - Certain Information Regarding Restricted Stock Units (Detail) - USD ($) $ / shares in Units, $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Restricted stock units granted (in shares) | 196,666 | |
Weighted average grant date fair value (in dollars per share) | $ 28.44 | |
Restricted stock units vested (in shares) | 164,280 | |
Weighted average grant date fair value (in dollars per share) | $ 25.33 | |
Restricted stock units | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Restricted stock units granted (in shares) | 196,666 | 273,030 |
Weighted average grant date fair value (in dollars per share) | $ 28.44 | $ 19.70 |
Intrinsic value of units granted | $ 5,592 | $ 5,378 |
Restricted stock units vested (in shares) | 164,280 | 151,041 |
Weighted average grant date fair value (in dollars per share) | $ 25.33 | $ 27.66 |
Intrinsic value of units vested | $ 4,670 | $ 2,983 |
Stock-Based Incentive Plan - Schedule of Unrecognized Compensation Cost, Nonvested Units (Detail) - Restricted stock units $ in Thousands |
6 Months Ended |
---|---|
Jun. 30, 2025
USD ($)
| |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
Unrecognized compensation cost | $ 8,807 |
Weighted-average period remaining (years) | 2 years 1 month 6 days |
Stock-Based Incentive Plan - Compensation Expense Related to Stock Incentive Plans Recognized (Detail) - USD ($) $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Share-based Payment Arrangement, Additional Disclosure [Abstract] | ||
Total expense | $ 2,297 | $ 2,280 |
Tax benefit on nonqualified stock option expense and disqualifying dispositions of incentive stock options | 275 | 658 |
Restricted stock units | ||
Share-based Payment Arrangement, Additional Disclosure [Abstract] | ||
Total expense | 2,252 | 2,231 |
Employee Stock | ||
Share-based Payment Arrangement, Additional Disclosure [Abstract] | ||
Total expense | $ 45 | $ 49 |
Accumulated Other Comprehensive (Loss) Income - Components of Accumulated Other Comprehensive (Loss) Income, Net of Taxes (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract] | ||||
Beginning balance | $ 903,472 | $ 843,669 | $ 887,301 | $ 839,208 |
Other comprehensive income | 8,127 | |||
Other comprehensive (loss) income | 9,023 | (3,478) | ||
Reclassification adjustment recorded in earnings | 896 | |||
Ending balance | 916,733 | 854,137 | 916,733 | 854,137 |
Net Unrealized Losses on Available-for-Sale Investment Securities | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract] | ||||
Beginning balance | (35,117) | (34,321) | ||
Other comprehensive income | 8,068 | |||
Other comprehensive (loss) income | (2,205) | |||
Ending balance | (27,049) | (36,526) | (27,049) | (36,526) |
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract] | ||||
Beginning balance | (2,422) | (4,566) | ||
Other comprehensive income | 0 | |||
Other comprehensive (loss) income | (1,505) | |||
Reclassification adjustment recorded in earnings | 896 | |||
Ending balance | (1,526) | (6,071) | (1,526) | (6,071) |
Net Change Related to Defined Benefit Pension Plans | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract] | ||||
Beginning balance | (6,453) | (11,759) | ||
Other comprehensive income | 59 | |||
Other comprehensive (loss) income | 232 | |||
Ending balance | (6,394) | (11,527) | (6,394) | (11,527) |
Accumulated Other Comprehensive Loss | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract] | ||||
Beginning balance | (37,922) | (54,740) | (43,992) | (50,646) |
Other comprehensive (loss) income | 2,953 | 616 | ||
Ending balance | $ (34,969) | $ (54,124) | $ (34,969) | $ (54,124) |
Derivative Instruments and Hedging Activities- Narrative (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | |
---|---|---|---|
Jun. 30, 2025
USD ($)
loan
Rate
|
Jun. 30, 2025
USD ($)
loan
Rate
|
Dec. 31, 2024
USD ($)
|
|
Not Designated as Hedging Instrument | |||
Derivative [Line Items] | |||
Notional Amount | $ 921,055 | $ 921,055 | $ 923,658 |
Interest Rate Swap | Cash Flow Hedging | |||
Derivative [Line Items] | |||
Unwind fee | 4,000 | ||
Reclassification adjustment recorded in earnings | 2,100 | ||
Unamortized origination and third party fees | 124 | 124 | |
Unwind fee, net of origination and third party fees | 2,100 | 2,100 | |
Interest Rate Swap | Cash Flow Hedging | 2022 SWAP | |||
Derivative [Line Items] | |||
Notional Amount | $ 250,000 | $ 250,000 | |
Derivative fixed interest rate | Rate | 5.99% | 5.99% | |
Derivative remaining maturity | 10 months | 10 months | |
Credit derivatives | Not Designated as Hedging Instrument | |||
Derivative [Line Items] | |||
Notional Amount | $ 839,335 | $ 839,335 | $ 860,423 |
Derivative number of instruments held | loan | 134 | 134 | |
Credit derivatives | Not Designated as Hedging Instrument | Customer | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | $ 31,100 | ||
Derivative, Underlying Investment, Fair Value | $ 4,000 | $ 4,000 | |
Credit derivatives | Not Designated as Hedging Instrument | Minimum | |||
Derivative [Line Items] | |||
Derivative remaining maturity | 1 month | 1 month | |
Credit derivatives | Not Designated as Hedging Instrument | Maximum | |||
Derivative [Line Items] | |||
Derivative remaining maturity | 10 years | 10 years | |
Credit derivatives | Not Designated as Hedging Instrument | Other Liabilities | |||
Derivative [Line Items] | |||
Derivative, Underlying Investment, Fair Value | $ 79 | $ 79 |
Derivative Instruments and Hedging Activities - Derivatives Designated as Hedging Instruments (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
|||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||||||
Interest rate swap—cash flow hedge—net interest payments | $ 0 | $ (1,064) | $ 0 | $ (5,077) | |||||||||
Reclassification adjustment included in earnings | [1] | (569) | (1,134) | ||||||||||
Total net unrealized gains on interest rate swaps used in cash flow hedges | 569 | 522 | 1,134 | (1,905) | |||||||||
Total net unrealized gains on interest rate swaps used in cash flow hedges | 450 | 412 | 896 | (1,505) | |||||||||
Designated as Hedging Instrument | |||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||||||
Total net unrealized gains on interest rate swaps used in cash flow hedges | (1,526) | $ (2,422) | |||||||||||
Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedging | |||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | |||||||||||||
Interest rate swap—cash flow hedge—net interest payments | 0 | 1,586 | 0 | 3,172 | |||||||||
Reclassification adjustment included in earnings | (569) | [2] | 0 | (1,134) | 0 | ||||||||
Total net unrealized gains on interest rate swaps used in cash flow hedges | $ (569) | $ (1,586) | (1,134) | $ (3,172) | |||||||||
Total net unrealized gains on interest rate swaps used in cash flow hedges | $ (1,526) | [3] | $ (2,422) | ||||||||||
|
Derivative Instruments and Hedging Activities - Derivatives Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
|
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Notional Amount | $ 921,055 | $ 921,055 | $ 923,658 | ||
Derivative Assets | 359 | 359 | 226 | ||
Derivative Liabilities | 130 | 130 | 67 | ||
Derivative instruments not designated as hedging instruments, gain (loss), net | 163 | $ 255 | 235 | $ 657 | |
Credit derivatives | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Notional Amount | 839,335 | 839,335 | 860,423 | ||
Credit derivatives | Other noninterest income | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative instruments not designated as hedging instruments, gain (loss), net | 135 | 111 | 152 | 338 | |
Credit derivatives | Other assets | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative Assets | 0 | 0 | 0 | ||
Credit derivatives | Other Liabilities | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative Liabilities | 79 | 79 | 67 | ||
Interest rate locks with customers | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Notional Amount | 31,973 | 31,973 | 23,291 | ||
Interest rate locks with customers | Mortgage Banking Activities | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative instruments not designated as hedging instruments, gain (loss), net | (62) | 236 | 146 | 30 | |
Interest rate locks with customers | Other assets | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative Assets | 359 | 359 | 214 | ||
Interest rate locks with customers | Other Liabilities | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative Liabilities | 0 | 0 | 0 | ||
Forward loan sale commitments | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Notional Amount | 49,747 | 49,747 | 39,944 | ||
Forward loan sale commitments | Mortgage Banking Activities | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative instruments not designated as hedging instruments, gain (loss), net | 90 | $ (92) | (63) | $ 289 | |
Forward loan sale commitments | Other assets | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative Assets | 0 | 0 | 12 | ||
Forward loan sale commitments | Other Liabilities | |||||
Derivative Notional Amount And Fair Value By Balance Sheet Not Designated As Hedging Instrument [Line Items] | |||||
Derivative Liabilities | $ 51 | $ 51 | $ 0 |
Fair Value Disclosures - Narrative (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | 12 Months Ended | |
---|---|---|---|---|
Jun. 30, 2025
USD ($)
numberOfSwaps
Rate
|
Jun. 30, 2025
USD ($)
loan
numberOfSwaps
Rate
|
Jun. 30, 2024
USD ($)
|
Dec. 31, 2024
USD ($)
numberOfSwaps
Rate
|
|
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Contingent consideration liability, payment | $ 635 | $ 635 | ||
Carrying value of individually analyzed loans and leases held for investment | $ 6,773,717 | 6,773,717 | 6,669,089 | |
Servicing rights carrying amount before valuation allowance | 6,900 | 6,900 | $ 7,000 | |
Servicing rights valuation allowance | 21 | 21 | 7 | |
Other real estate owned | 22,500 | 22,500 | 20,100 | |
Transfer of loans to other real estate owned | 2,526 | 252 | ||
Repossessed assets | 80 | 80 | 76 | |
Transfer of leases to repossessed assets | 17 | 167 | ||
Proceeds from Sale of Other Assets | 13 | |||
Lease financings | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Carrying value of individually analyzed loans and leases held for investment | 116 | 116 | 0 | |
Valuation allowance of individually analyzed loans and leases held for investment | 116 | 116 | ||
Held for Investment | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Carrying value of individually analyzed loans and leases held for investment | 27,400 | 27,400 | 12,100 | |
Valuation allowance of individually analyzed loans and leases held for investment | 2,700 | 2,700 | 1,900 | |
Credit derivatives | Fair Value Measure on Recurring Basis | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Derivative liabilities | 79 | 79 | 67 | |
Level 3 | Credit derivatives | Fair Value Measure on Recurring Basis | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Derivative liabilities | $ 79 | $ 79 | $ 67 | |
Number of interest rate swaps held | numberOfSwaps | 134 | 134 | 135 | |
Notional Amount | $ 839,300 | $ 839,300 | $ 860,400 | |
Derivative, credit valuation adjustment, loss rate used in calculation | Rate | 40.00% | 40.00% | 40.00% | |
Paul I. Scheaffer Insurance Agency | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Contingent consideration liability discount rate | 0.083 | |||
Contingent consideration liability, payment | $ 635 | $ 635 | ||
Business combination, contingent consideration, liability, current | $ 0 | 0 | $ 635 | |
Residential secured for personal purpose | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Carrying value of individually analyzed loans and leases held for investment | 982,982 | 982,982 | 948,847 | |
Transfer of loans to other real estate owned | $ 2,500 | |||
Residential secured for personal purpose | Non Accrual Loans | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Real estate owned, transfer to real estate owned, number of properties | loan | 1 | |||
Real estate-residential secured for business purpose | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Carrying value of individually analyzed loans and leases held for investment | 532,861 | $ 532,861 | $ 531,806 | |
Real estate owned, sold, number of properties | loan | 2 | |||
Real Estate Owned, Transfer from Real Estate Owned | $ 226 |
Fair Value Disclosures- Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Assets | ||
Debt securities | $ 366,421 | $ 357,361 |
Investments in equity securities | 1,801 | 2,506 |
Fair Value Measure on Recurring Basis | ||
Assets | ||
Debt securities | 366,421 | 357,361 |
Investments in equity securities | 1,801 | 2,506 |
Total assets | 386,355 | 376,746 |
Liabilities | ||
Total liabilities | 130 | 702 |
Fair Value Measure on Recurring Basis | Contingent consideration liability | ||
Liabilities | ||
Derivative liabilities | 635 | |
Fair Value Measure on Recurring Basis | Credit derivatives | ||
Liabilities | ||
Derivative liabilities | 79 | 67 |
Fair Value Measure on Recurring Basis | Forward loan sale commitments | ||
Liabilities | ||
Derivative liabilities | 51 | |
Fair Value Measure on Recurring Basis | State and political subdivisions | ||
Assets | ||
Debt securities | 1,295 | |
Fair Value Measure on Recurring Basis | Residential mortgage-backed securities | ||
Assets | ||
Debt securities | 291,158 | 283,381 |
Fair Value Measure on Recurring Basis | Collateralized mortgage obligations | ||
Assets | ||
Debt securities | 1,541 | 1,685 |
Fair Value Measure on Recurring Basis | Corporate bonds | ||
Assets | ||
Debt securities | 73,722 | 71,000 |
Fair Value Measure on Recurring Basis | Money market mutual funds | ||
Assets | ||
Investments in equity securities | 1,801 | 2,506 |
Fair Value Measure on Recurring Basis | Loans held for sale | ||
Assets | ||
Loans held for sale | 17,774 | 16,653 |
Fair Value Measure on Recurring Basis | Interest rate locks with customers | ||
Assets | ||
Derivative asset | 359 | 214 |
Fair Value Measure on Recurring Basis | Forward loan sale commitments | ||
Assets | ||
Derivative asset | 12 | |
Fair Value Measure on Recurring Basis | Level 1 | ||
Assets | ||
Debt securities | 0 | 0 |
Investments in equity securities | 1,801 | 2,506 |
Total assets | 1,801 | 2,506 |
Liabilities | ||
Total liabilities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Contingent consideration liability | ||
Liabilities | ||
Derivative liabilities | 0 | |
Fair Value Measure on Recurring Basis | Level 1 | Credit derivatives | ||
Liabilities | ||
Derivative liabilities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Forward loan sale commitments | ||
Liabilities | ||
Derivative liabilities | 0 | |
Fair Value Measure on Recurring Basis | Level 1 | State and political subdivisions | ||
Assets | ||
Debt securities | 0 | |
Fair Value Measure on Recurring Basis | Level 1 | Residential mortgage-backed securities | ||
Assets | ||
Debt securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Collateralized mortgage obligations | ||
Assets | ||
Debt securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Corporate bonds | ||
Assets | ||
Debt securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Money market mutual funds | ||
Assets | ||
Investments in equity securities | 1,801 | 2,506 |
Fair Value Measure on Recurring Basis | Level 1 | Loans held for sale | ||
Assets | ||
Loans held for sale | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Interest rate locks with customers | ||
Assets | ||
Derivative asset | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 1 | Forward loan sale commitments | ||
Assets | ||
Derivative asset | 0 | |
Fair Value Measure on Recurring Basis | Level 2 | ||
Assets | ||
Debt securities | 366,421 | 357,361 |
Investments in equity securities | 0 | 0 |
Total assets | 384,554 | 374,240 |
Liabilities | ||
Total liabilities | 51 | 0 |
Fair Value Measure on Recurring Basis | Level 2 | Contingent consideration liability | ||
Liabilities | ||
Derivative liabilities | 0 | |
Fair Value Measure on Recurring Basis | Level 2 | Credit derivatives | ||
Liabilities | ||
Derivative liabilities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 2 | Forward loan sale commitments | ||
Liabilities | ||
Derivative liabilities | 51 | |
Fair Value Measure on Recurring Basis | Level 2 | State and political subdivisions | ||
Assets | ||
Debt securities | 1,295 | |
Fair Value Measure on Recurring Basis | Level 2 | Residential mortgage-backed securities | ||
Assets | ||
Debt securities | 291,158 | 283,381 |
Fair Value Measure on Recurring Basis | Level 2 | Collateralized mortgage obligations | ||
Assets | ||
Debt securities | 1,541 | 1,685 |
Fair Value Measure on Recurring Basis | Level 2 | Corporate bonds | ||
Assets | ||
Debt securities | 73,722 | 71,000 |
Fair Value Measure on Recurring Basis | Level 2 | Money market mutual funds | ||
Assets | ||
Investments in equity securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 2 | Loans held for sale | ||
Assets | ||
Loans held for sale | 17,774 | 16,653 |
Fair Value Measure on Recurring Basis | Level 2 | Interest rate locks with customers | ||
Assets | ||
Derivative asset | 359 | 214 |
Fair Value Measure on Recurring Basis | Level 2 | Forward loan sale commitments | ||
Assets | ||
Derivative asset | 12 | |
Fair Value Measure on Recurring Basis | Level 3 | ||
Assets | ||
Debt securities | 0 | 0 |
Investments in equity securities | 0 | 0 |
Total assets | 0 | 0 |
Liabilities | ||
Total liabilities | 79 | 702 |
Fair Value Measure on Recurring Basis | Level 3 | Contingent consideration liability | ||
Liabilities | ||
Derivative liabilities | 635 | |
Fair Value Measure on Recurring Basis | Level 3 | Credit derivatives | ||
Liabilities | ||
Derivative liabilities | 79 | 67 |
Fair Value Measure on Recurring Basis | Level 3 | Forward loan sale commitments | ||
Liabilities | ||
Derivative liabilities | 0 | |
Fair Value Measure on Recurring Basis | Level 3 | State and political subdivisions | ||
Assets | ||
Debt securities | 0 | |
Fair Value Measure on Recurring Basis | Level 3 | Residential mortgage-backed securities | ||
Assets | ||
Debt securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 3 | Collateralized mortgage obligations | ||
Assets | ||
Debt securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 3 | Corporate bonds | ||
Assets | ||
Debt securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 3 | Money market mutual funds | ||
Assets | ||
Investments in equity securities | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 3 | Loans held for sale | ||
Assets | ||
Loans held for sale | 0 | 0 |
Fair Value Measure on Recurring Basis | Level 3 | Interest rate locks with customers | ||
Assets | ||
Derivative asset | $ 0 | 0 |
Fair Value Measure on Recurring Basis | Level 3 | Forward loan sale commitments | ||
Assets | ||
Derivative asset | $ 0 |
Fair Value Disclosures - Level 3 Roll Forward (Details) - USD ($) $ in Thousands |
6 Months Ended | |||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Net Asset (Liability) Value [Roll Forward] | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Net Asset (Liability) Value | $ (79) | $ (116) | $ (67) | $ (186) |
Purchases/additions | (164) | (268) | ||
Increase (decrease) in value | 152 | 338 | ||
Derivative Financial Instruments, Liabilities | Credit derivatives | ||||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | (67) | (186) | ||
Additions | (164) | (268) | ||
Increase (decrease) in value | 152 | 338 | ||
Ending balance | $ (79) | $ (116) |
Fair Value Disclosures - Change in Contingent Consideration Liability (Details) - USD ($) $ in Thousands |
6 Months Ended | |
---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
|
Change in Contingent Consideration Liability [Roll Forward] | ||
Beginning balance | $ 635 | $ 1,224 |
Payment of contingent consideration | 635 | 635 |
Adjustment of contingent consideration | 0 | 25 |
Ending balance | 0 | 614 |
Paul I. Scheaffer Insurance Agency | ||
Change in Contingent Consideration Liability [Roll Forward] | ||
Beginning balance | 635 | 1,224 |
Payment of contingent consideration | 635 | 635 |
Adjustment of contingent consideration | 0 | 25 |
Ending balance | $ 0 | $ 614 |
Fair Value Disclosures - Assets Measured at Fair Value on Non-recurring Basis (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 22,500 | $ 20,100 |
Fair Value, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Individually analyzed loans held for investment | 24,660 | 10,111 |
Other real estate owned | 22,471 | 20,141 |
Repossessed asset Fair Value Disclosure | 80 | 76 |
Total assets | 47,211 | 30,328 |
Fair Value, Nonrecurring | Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Individually analyzed loans held for investment | 0 | 0 |
Other real estate owned | 0 | 0 |
Repossessed asset Fair Value Disclosure | 0 | 0 |
Total assets | 0 | 0 |
Fair Value, Nonrecurring | Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Individually analyzed loans held for investment | 0 | 0 |
Other real estate owned | 0 | 0 |
Repossessed asset Fair Value Disclosure | 0 | 0 |
Total assets | 0 | 0 |
Fair Value, Nonrecurring | Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Individually analyzed loans held for investment | 24,660 | 10,111 |
Other real estate owned | 22,471 | 20,141 |
Repossessed asset Fair Value Disclosure | 80 | 76 |
Total assets | $ 47,211 | $ 30,328 |
Fair Value Disclosures - Assets, Liabilities and Off-balance Sheet Items Not Measured at Fair Value (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
---|---|---|
Assets: | ||
Held-to-maturity securities | $ 113,166 | $ 115,007 |
Deposits: | ||
Time deposits | 1,500,959 | 1,453,706 |
Subordinated notes | 149,511 | 149,261 |
Estimate of Fair Value Measurement | ||
Assets: | ||
Cash and short-term interest-earning assets | 160,365 | 328,844 |
Held-to-maturity securities | 113,166 | 115,007 |
Net loans and leases held for investment | 6,627,734 | 6,586,054 |
Servicing rights | 11,424 | 12,710 |
Total assets | 6,912,689 | 7,042,615 |
Deposits: | ||
Demand and savings deposits, non-maturity | 5,081,701 | 5,305,553 |
Time deposits | 1,502,566 | 1,458,774 |
Total deposits | 6,584,267 | 6,764,327 |
Short-term borrowings | 6,271 | 11,181 |
Long-term debt | 201,508 | 225,475 |
Subordinated notes | 150,000 | 147,500 |
Total liabilities | 6,942,046 | 7,148,483 |
Estimate of Fair Value Measurement | Level 1 | ||
Assets: | ||
Cash and short-term interest-earning assets | 160,365 | 328,844 |
Held-to-maturity securities | 0 | 0 |
Net loans and leases held for investment | 0 | 0 |
Servicing rights | 0 | 0 |
Total assets | 160,365 | 328,844 |
Deposits: | ||
Demand and savings deposits, non-maturity | 5,081,701 | 5,305,553 |
Time deposits | 0 | 0 |
Total deposits | 5,081,701 | 5,305,553 |
Short-term borrowings | 6,271 | 11,181 |
Long-term debt | 0 | 0 |
Subordinated notes | 0 | 0 |
Total liabilities | 5,087,972 | 5,316,734 |
Estimate of Fair Value Measurement | Level 2 | ||
Assets: | ||
Cash and short-term interest-earning assets | 0 | 0 |
Held-to-maturity securities | 113,166 | 115,007 |
Net loans and leases held for investment | 0 | 0 |
Servicing rights | 0 | 0 |
Total assets | 113,166 | 115,007 |
Deposits: | ||
Demand and savings deposits, non-maturity | 0 | 0 |
Time deposits | 1,502,566 | 1,458,774 |
Total deposits | 1,502,566 | 1,458,774 |
Short-term borrowings | 0 | 0 |
Long-term debt | 201,508 | 225,475 |
Subordinated notes | 150,000 | 147,500 |
Total liabilities | 1,854,074 | 1,831,749 |
Estimate of Fair Value Measurement | Level 3 | ||
Assets: | ||
Cash and short-term interest-earning assets | 0 | 0 |
Held-to-maturity securities | 0 | 0 |
Net loans and leases held for investment | 6,627,734 | 6,586,054 |
Servicing rights | 11,424 | 12,710 |
Total assets | 6,639,158 | 6,598,764 |
Deposits: | ||
Demand and savings deposits, non-maturity | 0 | 0 |
Time deposits | 0 | 0 |
Total deposits | 0 | 0 |
Short-term borrowings | 0 | 0 |
Long-term debt | 0 | 0 |
Subordinated notes | 0 | 0 |
Total liabilities | 0 | 0 |
Carrying Amount | ||
Assets: | ||
Cash and short-term interest-earning assets | 160,365 | 328,844 |
Held-to-maturity securities | 128,455 | 134,111 |
Federal Home Loan Bank, Federal Reserve Bank and other stock | 36,482 | 38,980 |
Net loans and leases held for investment | 6,689,536 | 6,729,381 |
Servicing rights | 6,909 | 6,990 |
Total assets | 7,021,747 | 7,238,306 |
Deposits: | ||
Demand and savings deposits, non-maturity | 5,081,701 | 5,305,553 |
Time deposits | 1,500,959 | 1,453,706 |
Total deposits | 6,582,660 | 6,759,259 |
Short-term borrowings | 6,271 | 11,181 |
Long-term debt | 200,000 | 225,000 |
Subordinated notes | 149,511 | 149,261 |
Total liabilities | $ 6,938,442 | $ 7,144,701 |
Segment Reporting - Schedule of Segment Reporting (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Jun. 30, 2025
USD ($)
segment
|
Jun. 30, 2024
USD ($)
|
|||||
Segment Reporting [Abstract] | ||||||||
Reportable business segments | segment | 3 | |||||||
Segment Reporting Information [Line Items] | ||||||||
Interest income | $ 105,706 | $ 99,832 | $ 209,122 | $ 198,441 | ||||
Interest expense | 46,165 | 48,805 | 92,800 | 95,947 | ||||
Net interest income | 59,541 | 51,027 | 116,322 | 102,494 | ||||
Noninterest income | 21,501 | 20,980 | 43,916 | 46,575 | ||||
Total revenue | 81,042 | 72,007 | 160,238 | 149,069 | ||||
Provision for credit losses | 5,694 | 707 | 8,005 | 2,139 | ||||
Salaries, benefits and commissions | 31,536 | 30,187 | 62,362 | 61,525 | ||||
Net occupancy | 2,739 | 2,679 | 5,592 | 5,551 | ||||
Equipment | 1,043 | 1,088 | 2,165 | 2,199 | ||||
Data processing | 4,408 | 4,161 | 8,772 | 8,656 | ||||
Professional fees | 1,597 | 1,466 | 3,394 | 3,154 | ||||
Marketing and advertising | 498 | 715 | 851 | 1,131 | ||||
Deposit insurance premiums | 1,074 | 1,098 | 2,225 | 2,233 | ||||
Intangible expenses | 131 | 188 | 261 | 375 | ||||
Other segment items (2) | 7,306 | 7,126 | 14,038 | 13,958 | ||||
Income (loss) before tax amount | 25,016 | 22,592 | 52,573 | 48,148 | ||||
Income tax expense | 5,038 | 4,485 | 10,200 | 9,736 | ||||
Net Income (Loss) Attributable to Noncontrolling Interest | 19,978 | 18,107 | 42,373 | 38,412 | ||||
Net capital expenditures | 1,122 | 807 | 2,987 | (593) | ||||
Intersegment Eliminations | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Total revenue | [1] | (6,459) | (5,890) | (13,578) | (11,515) | |||
Other | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Interest income | 0 | 9 | 0 | 18 | ||||
Interest expense | 2,282 | 2,282 | 4,563 | 4,563 | ||||
Net interest income | (2,282) | (2,273) | (4,563) | (4,545) | ||||
Noninterest income | 40 | 28 | 75 | 23 | ||||
Total revenue | (2,242) | (2,245) | (4,488) | (4,522) | ||||
Provision for credit losses | 0 | 0 | 0 | 0 | ||||
Salaries, benefits and commissions | 5,068 | 4,304 | 9,413 | 8,883 | ||||
Net occupancy | 275 | 190 | 539 | 332 | ||||
Equipment | 117 | 68 | 217 | 127 | ||||
Data processing | 1,305 | 543 | 2,600 | 1,088 | ||||
Professional fees | 795 | 509 | 1,679 | 1,325 | ||||
Marketing and advertising | 123 | 316 | 277 | 576 | ||||
Deposit insurance premiums | 0 | 0 | 0 | 0 | ||||
Intangible expenses | 0 | 0 | 0 | 0 | ||||
Other segment items (2) | [2] | 875 | 1,111 | 1,672 | 2,101 | |||
Income (loss) before tax amount | (4,341) | (3,396) | (7,307) | (7,439) | ||||
Income tax expense | (901) | (783) | (1,764) | (1,592) | ||||
Net Income (Loss) Attributable to Noncontrolling Interest | (3,440) | (2,613) | (5,543) | (5,847) | ||||
Net capital expenditures | 236 | 59 | 598 | 107 | ||||
Banking1 [Member] | Operating Segments | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Interest income | 105,691 | 99,804 | 209,091 | 198,386 | ||||
Interest expense | 43,883 | 46,523 | 88,237 | 91,384 | ||||
Net interest income | 61,808 | 53,281 | 120,854 | 107,002 | ||||
Noninterest income | 8,524 | 9,014 | 16,165 | 19,973 | ||||
Total revenue | 70,332 | 62,295 | 137,019 | 126,975 | ||||
Provision for credit losses | 5,694 | 707 | 8,005 | 2,139 | ||||
Salaries, benefits and commissions | 18,379 | 17,967 | 36,828 | 37,132 | ||||
Net occupancy | 2,182 | 2,253 | 4,470 | 4,742 | ||||
Equipment | 889 | 986 | 1,876 | 2,006 | ||||
Data processing | 2,585 | 3,109 | 5,157 | 6,580 | ||||
Professional fees | 600 | 837 | 1,176 | 1,527 | ||||
Marketing and advertising | 335 | 320 | 494 | 433 | ||||
Deposit insurance premiums | 1,074 | 1,098 | 2,225 | 2,233 | ||||
Intangible expenses | 49 | 79 | 96 | 157 | ||||
Other segment items (2) | [2] | 5,717 | 5,138 | 10,906 | 10,218 | |||
Income (loss) before tax amount | 26,617 | 24,086 | 52,701 | 48,644 | ||||
Income tax expense | 5,368 | 4,734 | 10,444 | 9,692 | ||||
Net Income (Loss) Attributable to Noncontrolling Interest | 21,249 | 19,352 | 42,257 | 38,952 | ||||
Net capital expenditures | 860 | 685 | 2,350 | (778) | ||||
Banking1 [Member] | Intersegment Eliminations | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Total revenue | [1] | 6,211 | 5,715 | 13,085 | 11,164 | |||
Wealth Management [Member] | Operating Segments | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Interest income | 15 | 19 | 31 | 37 | ||||
Interest expense | 0 | 0 | 0 | 0 | ||||
Net interest income | 15 | 19 | 31 | 37 | ||||
Noninterest income | 7,667 | 6,752 | 15,500 | 14,105 | ||||
Total revenue | 7,682 | 6,771 | 15,531 | 14,142 | ||||
Provision for credit losses | 0 | 0 | 0 | 0 | ||||
Salaries, benefits and commissions | 4,502 | 4,547 | 8,858 | 8,689 | ||||
Net occupancy | 128 | 79 | 250 | 159 | ||||
Equipment | 10 | 11 | 20 | 20 | ||||
Data processing | 374 | 376 | 727 | 729 | ||||
Professional fees | 187 | 111 | 510 | 270 | ||||
Marketing and advertising | 30 | 74 | 58 | 106 | ||||
Deposit insurance premiums | 0 | 0 | 0 | 0 | ||||
Intangible expenses | 0 | 0 | 0 | 0 | ||||
Other segment items (2) | [2] | 544 | 694 | 1,074 | 1,309 | |||
Income (loss) before tax amount | 1,776 | 827 | 3,775 | 2,756 | ||||
Income tax expense | 358 | 298 | 764 | 711 | ||||
Net Income (Loss) Attributable to Noncontrolling Interest | 1,418 | 529 | 3,011 | 2,045 | ||||
Net capital expenditures | 2 | 5 | 9 | 11 | ||||
Wealth Management [Member] | Intersegment Eliminations | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Total revenue | [1] | 131 | 52 | 259 | 104 | |||
Insurance [Member] | Operating Segments | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Interest income | 0 | 0 | 0 | 0 | ||||
Interest expense | 0 | 0 | 0 | 0 | ||||
Net interest income | 0 | 0 | 0 | 0 | ||||
Noninterest income | 5,270 | 5,186 | 12,176 | 12,474 | ||||
Total revenue | 5,270 | 5,186 | 12,176 | 12,474 | ||||
Provision for credit losses | 0 | 0 | 0 | 0 | ||||
Salaries, benefits and commissions | 3,587 | 3,369 | 7,263 | 6,821 | ||||
Net occupancy | 154 | 157 | 333 | 318 | ||||
Equipment | 27 | 23 | 52 | 46 | ||||
Data processing | 144 | 133 | 288 | 259 | ||||
Professional fees | 15 | 9 | 29 | 32 | ||||
Marketing and advertising | 10 | 5 | 22 | 16 | ||||
Deposit insurance premiums | 0 | 0 | 0 | 0 | ||||
Intangible expenses | 82 | 109 | 165 | 218 | ||||
Other segment items (2) | [2] | 170 | 183 | 386 | 330 | |||
Income (loss) before tax amount | 964 | 1,075 | 3,404 | 4,187 | ||||
Income tax expense | 213 | 236 | 756 | 925 | ||||
Net Income (Loss) Attributable to Noncontrolling Interest | 751 | 839 | 2,648 | 3,262 | ||||
Net capital expenditures | 24 | 58 | 30 | 67 | ||||
Insurance [Member] | Intersegment Eliminations | ||||||||
Segment Reporting Information [Line Items] | ||||||||
Total revenue | [1] | $ 117 | $ 123 | $ 234 | $ 247 | |||
|
Segment Reporting - Schedule of Significant Components of Segment Net Assets - (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
Jun. 30, 2024 |
Dec. 31, 2023 |
---|---|---|---|---|
Segment Reporting Information [Line Items] | ||||
Cash and cash equivalents | $ 160,365 | $ 328,844 | $ 190,911 | $ 249,799 |
Loans and leases, including loans held for sale, net of allowance for credit losses | 6,731,970 | 6,756,145 | ||
Goodwill | 175,510 | 175,510 | ||
Other Assets | 871,211 | 867,918 | ||
Total segment assets | 7,939,056 | 8,128,417 | ||
Other | ||||
Segment Reporting Information [Line Items] | ||||
Cash and cash equivalents | 0 | 0 | ||
Loans and leases, including loans held for sale, net of allowance for credit losses | 0 | 0 | ||
Goodwill | 0 | 0 | ||
Other Assets | 24,230 | 22,246 | ||
Total segment assets | 24,230 | 22,246 | ||
Banking1 [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Goodwill | 138,476 | 138,476 | ||
Banking1 [Member] | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Cash and cash equivalents | 74,289 | 247,023 | ||
Loans and leases, including loans held for sale, net of allowance for credit losses | 6,731,970 | 6,756,145 | ||
Goodwill | 138,476 | 138,476 | ||
Other Assets | 841,531 | 839,359 | ||
Total segment assets | 7,786,266 | 7,981,003 | ||
Wealth Management [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Goodwill | 15,434 | 15,434 | ||
Wealth Management [Member] | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Cash and cash equivalents | 51,968 | 50,149 | ||
Loans and leases, including loans held for sale, net of allowance for credit losses | 0 | 0 | ||
Goodwill | 15,434 | 15,434 | ||
Other Assets | 2,606 | 3,485 | ||
Total segment assets | 70,008 | 69,068 | ||
Insurance [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Goodwill | 21,600 | 21,600 | ||
Insurance [Member] | Operating Segments | ||||
Segment Reporting Information [Line Items] | ||||
Cash and cash equivalents | 34,108 | 31,672 | ||
Loans and leases, including loans held for sale, net of allowance for credit losses | 0 | 0 | ||
Goodwill | 21,600 | 21,600 | ||
Other Assets | 2,844 | 2,828 | ||
Total segment assets | $ 58,552 | $ 56,100 |