v3.26.1
FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, by Balance Sheet Grouping
The carrying amounts and estimated fair values of financial instruments that are reported on the balance sheet were as follows:
March 31, 2026
Carrying
Amount
Estimated Fair Value
Level 1Level 2Level 3Total
(In thousands)
Financial assets
Cash and cash equivalents$549,570 $549,570 $— $— $549,570 
Available for sale securities1,864,710 — 1,864,710 — 1,864,710 
Loans held for investment, net of allowance7,502,521 — — 7,471,807 7,471,807 
Accrued interest receivable36,589 499 7,687 28,403 36,589 
Financial liabilities
Deposits$8,982,010 $— $8,979,347 $— $8,979,347 
Accrued interest payable5,240 — 5,240 — 5,240 
Borrowed funds135,000 — 135,000 — 135,000 
Subordinated debt40,256 — 40,239 — 40,239 
December 31, 2025
Carrying
Amount
Estimated Fair Value
Level 1Level 2Level 3Total
(In thousands)
Financial assets
Cash and cash equivalents$419,453 $419,453 $— $— $419,453 
Available for sale securities2,198,459 — 2,198,459 — 2,198,459 
Loans held for investment, net of allowance7,216,962 — — 7,203,747 7,203,747 
Accrued interest receivable35,869 294 7,950 27,625 35,869 
Financial liabilities
Deposits$9,021,466 $— $9,019,219 $— $9,019,219 
Accrued interest payable5,508 — 5,508 — 5,508 
Subordinated debt40,226 — 40,473 — 40,473 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present fair values for assets and liabilities measured on a recurring basis:
March 31, 2026
Level 1Level 2Level 3Total
(In thousands)
Financial assets
 Available for sale securities:
U.S. government and agency securities$— $87,645 $— $87,645 
Municipal securities— 193,619 — 193,619 
Agency mortgage-backed pass-through securities— 805,887 — 805,887 
Agency collateralized mortgage obligations— 673,985 — 673,985 
Corporate bonds and other— 103,574 — 103,574 
Interest rate swaps and caps— 4,114 — 4,114 
Credit risk participation agreements— — 
Total fair value of financial assets$— $1,868,824 $$1,868,830 
Financial liabilities
Interest rate swaps and caps$— $4,114 $— $4,114 
Total fair value of financial liabilities$— $4,114 $— $4,114 
December 31, 2025
Level 1Level 2Level 3Total
(In thousands)
Financial assets
 Available for sale securities:
U.S. government and agency securities$— $392,475 $— $392,475 
Municipal securities— 196,201 — 196,201 
Agency mortgage-backed pass-through securities— 807,986 — 807,986 
Agency collateralized mortgage obligations— 697,065 — 697,065 
Corporate bonds and other— 104,732 — 104,732 
Interest rate swaps and caps— 4,252 — 4,252 
Credit risk participation agreements— — 
Total fair value of financial assets$— $2,202,711 $$2,202,717 
Financial liabilities
Interest rate swaps and caps$— $4,252 $— $4,252 
Total fair value of financial liabilities$— $4,252 $— $4,252 
Schedule of Fair Value Measurements, Nonrecurring Assets measured on a nonrecurring basis for the periods noted are summarized in the table below:
March 31, 2026
Level 1Level 2Level 3
(In thousands)
Loans:
Commercial and industrial$— $— $11,242 
Commercial real estate construction and land development
— — 12,505 
Residential construction— — 5,139 
Foreclosed assets— — 9,454 
Total$— $— $38,340 
December 31, 2025
Level 1Level 2Level 3
(In thousands)
Loans:
Commercial and industrial$— $— $10,528 
Commercial real estate construction and land development
— — 10,377 
Consumer and other— — 6,203 
Foreclosed assets— — 7,492 
Total$— $— $34,600