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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured and Recorded at Fair Value
Assets and liabilities measured and recorded at fair value, including financial assets for which the Company has elected the fair value option, on a recurring and nonrecurring basis at March 31, 2024 and December 31, 2023, are summarized below:
March 31, 2024
(dollars in thousands)Carrying
amount		Quoted prices
in active
markets
for identical
assets
(Level 1)		Significant
other
observable
inputs
(Level 2)		Significant unobservable
inputs
(Level 3)
Assets and liabilities measured at fair value on a recurring basis:
Assets
Investment securities available for sale:
U.S. government sponsored entities and U.S. agency securities$67,723 $— $67,723 $— 
Mortgage-backed securities - agency681,520 — 681,520 — 
Mortgage-backed securities - non-agency89,528 — 89,528 — 
State and municipal securities60,630 — 60,630 — 
Collateralized loan obligations33,614 — 33,614 — 
Corporate securities107,391 — 107,391 — 
Equity securities4,494 4,494 — — 
Loans held for sale5,043 — 5,043 — 
Derivative assets1,585 — 1,585 — 
Total$1,051,528 $4,494 $1,047,034 $— 
Liabilities
Derivative liabilities$9,287 $— $9,287 $— 
Total$9,287 $— $9,287 $— 
Assets measured at fair value on a non-recurring basis:
Nonperforming loans$20,740 $— $19,115 $1,625 
Other real estate owned8,920 — 8,920 — 
December 31, 2023
(dollars in thousands)Carrying
amount		Quoted prices
in active
markets
for identical
assets
(Level 1)		Significant
other
observable
inputs
(Level 2)		Significant unobservable
inputs
(Level 3)
Assets and liabilities measured at fair value on a recurring basis:
Assets
Investment securities available for sale:
U.S. Treasury securities$1,097 $1,097 $— $— 
U.S. government sponsored entities and U.S. agency securities72,572 — 72,572 — 
Mortgage-backed securities - agency574,500 — 574,500 — 
Mortgage-backed securities - non-agency83,529 — 83,529 — 
State and municipal securities57,460 — 57,460 — 
Corporate securities99,172 — 99,172 — 
Equity securities4,501 4,501 — — 
Loans held for sale3,811 — 3,811 — 
Derivative assets372 — 372 — 
Total$924,579 $5,598 $918,981 $— 
Liabilities
Derivative liabilities$8,836 $— $8,836 $— 
Total$8,836 $— $8,836 $— 
Assets measured at fair value on a non-recurring basis:
Nonperforming loans$4,633 $— $3,964 $669 
Other real estate owned9,112 — 9,112 — 
Schedule of Losses Recognized on Assets Measured on a Non-recurring Basis The following table presents losses recognized on assets measured on a nonrecurring basis for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
(dollars in thousands)20242023
Nonperforming loans$4,834 $1,103 
Schedule Presents Quantitative Information about Significant Unobservable Inputs used in Fair Value Measurements of Non-recurring Assets (Level 3) The following tables present quantitative information about significant unobservable inputs used in fair value measurements of Level 3 assets measured on a nonrecurring basis at March 31, 2024 and December 31, 2023:
(dollars in thousands)Fair valueValuation
technique		Unobservable
input / assumptions
Range (weighted average)(1)
March 31, 2024
Nonperforming loans$1,625 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability
25.80% - 100.00% (51.90%)
December 31, 2023
Nonperforming loans$669 Collateral based measurementsDiscount to reflect current market conditions and ultimate collectability
24.38% - 100.00% (27.46%)
(1)Unobservable inputs were weighted by the relative fair value of the instruments.
Schedule of the Fair Value Option for Newly Originated Residential and Commercial Loans Held for Sale
The following table presents the difference between the aggregate fair value and the aggregate remaining principal balance for loans for which the fair value option has been elected as of March 31, 2024 and December 31, 2023:
March 31, 2024December 31, 2023
(dollars in thousands)Aggregate
fair value		DifferenceContractual
principal		Aggregate
fair value		DifferenceContractual
principal
Residential loans held for sale$5,043 $259 $4,784 $3,811 $203 $3,608 
The following table presents the amount of gains from fair value changes included in income before income taxes for financial assets carried at fair value for the three months ended March 31, 2024 and 2023:
Three Months Ended March 31,
(dollars in thousands)20242023
Residential loans held for sale$18 $99 
Schedule Presentation of Summary of the Carrying Values and Fair Value Estimates of Certain Financial Instruments The carrying values and estimated fair value of certain financial instruments not carried at fair value at March 31, 2024 and December 31, 2023 were as follows:
March 31, 2024
(dollars in thousands)Carrying
amount		Fair valueQuoted prices
in active
markets
for identical
assets
(Level 1)		Significant
other
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Assets
Cash and due from banks$166,471 $166,471 $166,471 $— $— 
Federal funds sold845 845 845 — — 
Loans5,958,462 5,888,375 — — 5,888,375 
Accrued interest receivable25,931 25,931 — 25,931 — 
Liabilities
Deposits$6,323,984 $6,304,279 $— $6,304,279 $— 
Short-term borrowings214,446 214,446 207,000 7,446 — 
FHLB and other borrowings255,000 252,517 — 252,517 — 
Subordinated debt93,617 86,353 — 86,353 — 
Trust preferred debentures50,790 53,240 — 53,240 — 
December 31, 2023
(dollars in thousands)Carrying
amount		Fair valueQuoted prices
in active
markets
for identical
assets
(Level 1)		Significant
other
observable
inputs
(Level 2)		Significant
unobservable
inputs
(Level 3)
Assets
Cash and due from banks$134,212 $134,212 $134,212 $— $— 
Federal funds sold849 849 849 — — 
Loans6,131,079 6,129,244 — — 6,129,244 
Accrued interest receivable24,934 24,934 — 24,934 — 
Liabilities
Deposits$6,309,529 $6,294,979 $— $6,294,979 $— 
Short-term borrowings34,865 34,865 25,000 9,865 — 
FHLB and other borrowings476,000 475,240 — 475,240 — 
Subordinated debt93,546 90,253 — 90,253 — 
Trust preferred debentures50,616 51,626 — 51,626 —