0000039311-25-000065 | 10-Q | XBRL Viewer

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information, by Segment

Information reported internally for performance assessment by the chief operating decision maker is as follows, inclusive of reconciliations of significant segment totals to the interim condensed consolidated financial statements for the three-month periods ended March 31, 2025 and 2024.


	Three Months Ended March 31, 2025
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	57,708	$	—	$	60	$	57,768
Interest on securities	6,806		—		—		6,806
Other investments	1,570		369		(369)		1,570
Total Interest Income	66,084		369		(309)		66,144
INTEREST EXPENSE
Deposits	21,324		—		(369)		20,955
Other borrowings and subordinated debt and debentures	143		1,361		—		1,504
Total Interest Expense	21,467		1,361		(369)		22,459
Net Interest Income	44,617		(992)		60		43,685
Provision for credit losses	721		—		—		721
Net Interest Income After Provision for Credit Losses	43,896		(992)		60		42,964
NON-INTEREST INCOME
Interchange income	3,127		—		—		3,127
Service charges on deposit accounts	2,814		—		—		2,814
Net gains on mortgage loans	2,223		—		80		2,303
Mortgage loan servicing, net	(636)		—		—		(636)
Other	2,694		319		(197)		2,816
Total Non-interest Income	10,222		319		(117)		10,424
NON-INTEREST EXPENSE
Compensation and employee benefits	20,292		132		(41)		20,383
Data processing	3,710		19		—		3,729
Occupancy, net	2,217		6		—		2,223
Interchange expense	1,119		—		—		1,119
Furniture, fixtures and equipment	884		1		—		885
Advertising	859		2		—		861
FDIC deposit insurance	711		—		—		711
Legal and professional	356		123		—		479
Loan and collection	786		—		—		786
Communications	582		9		—		591
Other	2,301		194		—		2,495
Total Non-interest Expense	33,817		486		(41)		34,262
Income Before Income Tax	20,301		(1,159)		(16)		19,126
Income tax expense	3,954		(414)		(4)		3,536
Net Income	$	16,347	$	(745)	$	(12)	$	15,590

OTHER SEGMENT DISCLOSURES
Depreciation	1,240		1		—		1,241
Amortization	122		—		—		122
Total assets	5,321,109		562,848		(555,529)		5,328,428

(1) Includes amounts relating to our parent company and certain insignificant operations.


	Three Months Ended March 31, 2024
	Independent Bank			Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	54,987		$	—	$	56	$	55,043
Interest on securities	8,642			—		—		8,642
Other investments	1,441			398		(398)		1,441
Total Interest Income	65,070			398		(342)		65,126
INTEREST EXPENSE
Deposits	23,208			—		(398)		22,810
Other borrowings and subordinated debt and debentures	649			1,470		—		2,119
Total Interest Expense	23,857			1,470		(398)		24,929
Net Interest Income	41,213			(1,072)		56		40,197
Provision for credit losses	744			—		—		744
Net Interest Income After Provision for Credit Losses	40,469			(1,072)		56		39,453
NON-INTEREST INCOME
Interchange income	3,151			—		—		3,151
Service charges on deposit accounts	2,872			—		—		2,872
Net gains on mortgage loans	1,319			—		45		1,364
Mortgage loan servicing, net	2,725			—		—		2,725
Other	2,360			215		(126)		2,449
Total Non-interest Income	12,427			215		(81)		12,561
NON-INTEREST EXPENSE
Compensation and employee benefits	20,680			114		(24)		20,770
Data processing	3,236			19		—		3,255
Occupancy, net	2,068		0	6		—		2,074
Interchange expense	1,097			—		—		1,097
Furniture, fixtures and equipment	953			1		—		954
Advertising	489			2		—		491
FDIC deposit insurance	782			—		—		782
Legal and professional	338			148		—		486
Loan and collection	512			—		—		512
Communications	610			5		—		615
Other	969			188		—		1,157
Total Non-interest Expense	31,734			483		(24)		32,193
Income Before Income Tax	21,162			(1,340)		(1)		19,821
Income tax expense	4,127			(298)		1		3,830
Net Income	$	17,035		$	(1,042)	$	(2)	$	15,991

OTHER SEGMENT DISCLOSURES
Depreciation	1,291			1		—		1,292
Amortization	129			—		—		129
Total assets	5,227,008			506,759		(502,512)		5,231,255

(1) Includes amounts relating to our parent company and certain insignificant operations.

Fair Value Disclosures

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Disclosures

FASB ASC topic 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC topic 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

The standard describes three levels of inputs that may be used to measure fair value:

Level 1: Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 instruments include securities traded on active exchange markets, such as the New York Stock Exchange, as well as U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets.

Level 2: Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 2 instruments include securities traded in less active dealer or broker markets.

Level 3: Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques.

We used the following methods and significant assumptions to estimate fair value:

Securities: Where quoted market prices are available in an active market, securities are classified as Level 1 of the valuation hierarchy. We currently do not have any Level 1 securities. If quoted market prices are not available for the specific security, then fair values are estimated by (1) using quoted market prices of securities with similar characteristics, (2) matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices, or (3) a discounted cash flow analysis whose significant fair value inputs can generally be verified and do not typically involve judgment by management. These securities are classified as Level 2 of the valuation hierarchy and

primarily include agency securities, private label mortgage-backed securities, other asset backed securities, obligations of states and political subdivisions, trust preferred securities, corporate securities and foreign government securities.

Loans held for sale: The fair value of mortgage loans held for sale, carried at fair value is based on agency cash window loan pricing for comparable assets (recurring Level 2).

Collateral dependent loans with specific loss allocations based on collateral value: From time to time, certain collateral dependent loans will have an ACL established. When the fair value of the collateral is based on an appraised value or when an appraised value is not available we record the collateral dependent loan as nonrecurring Level 3. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments can be significant and thus will typically result in a Level 3 classification of the inputs for determining fair value.

Other real estate: At the time of acquisition, other real estate is recorded at fair value, less estimated costs to sell, which becomes the property’s new basis. Subsequent write-downs to reflect declines in value since the time of acquisition may occur from time to time and are recorded in net gains on other real estate and repossessed assets, which is part of non-interest expense - other in the interim Condensed Consolidated Statements of Operations. The fair value of the property used at and subsequent to the time of acquisition is typically determined by a third party appraisal of the property. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments can be significant and typically result in a Level 3 classification of the inputs for determining fair value.

Appraisals for both collateral-dependent loans and other real estate are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by us. Once received, an independent third party, or a member of our Collateral Evaluation Department (for commercial properties), or a member of our Special Assets Group (for residential properties) reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. We compare the actual selling price of collateral that has been sold to the most recent appraised value of our properties to determine what additional adjustment, if any, should be made to the appraisal value to arrive at fair value. For commercial and residential properties we typically discount an appraisal to account for various factors that the appraisal excludes in its assumptions. These additional discounts generally do not result in material adjustments to the appraised value.

Capitalized mortgage loan servicing rights: The fair value of capitalized mortgage loan servicing rights is based on a valuation model used by an independent third party that calculates the present value of estimated net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income. Certain model assumptions are generally unobservable and are based upon the best information available including data relating to our own servicing portfolio, reviews of mortgage servicing assumption and valuation surveys and input from various mortgage servicers and, therefore, are recorded as Level 3. Management evaluates the third party valuation for reasonableness each quarter as part of our financial reporting control processes.

Derivatives: The fair value of rate-lock mortgage loan commitments is based on agency cash window loan pricing for comparable assets and the fair value of mandatory commitments to sell mortgage loans is based on mortgage backed security pricing for comparable assets (recurring Level 2). The fair value of interest rate swap, interest rate cap and interest rate floor agreements are derived from proprietary models which utilize current market data. The significant fair value inputs can generally be observed in the market place and do not typically involve judgment by management (recurring Level 2).

Assets and liabilities measured at fair value, including financial assets for which we have elected the fair value option, were as follows:


			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
March 31, 2025:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	8,674	$	—	$	8,674	$	—
U.S. agency residential mortgage-backed	69,582		—		69,582		—
U.S. agency commercial mortgage-backed	11,276		—		11,276		—
Private label mortgage-backed	49,259		—		49,259		—
Other asset backed	36,036		—		36,036		—
Obligations of states and political subdivisions	284,250		—		284,250		—
Corporate	69,620		—		69,620		—
Trust preferred	979		—		979		—
Loans held for sale, carried at fair value	9,514		—		9,514		—
Capitalized mortgage loan servicing rights	32,171		—		—		32,171
Derivatives (1)	33,631		—		33,631		—
Liabilities
Derivatives (2)	18,699		—		18,699		—

Measured at Fair Value on a Non-recurring Basis:
Assets
Collateral dependent loans (3)
Commercial
Commercial and industrial	3,802		—		—		3,802
Commercial real estate	323		—		—		323
Mortgage
1-4 family owner occupied - non-jumbo	634		—		—		634
1-4 family non-owner occupied	21		—		—		21
1-4 family - 2nd lien	112		—		—		112
Resort lending	92		—		—		92
Installment
Boat lending	109		—		—		109
Recreational vehicle lending	172		—		—		172
Other	69		—		—		69

________________________________

(1)Included in accrued income and other assets

(2)Included in accrued expenses and other liabilities

(3)Only includes individually evaluated loans with specific allocations of the ACL based on collateral value.


			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
December 31, 2024:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	8,159	$	—	$	8,159	$	—
U.S. agency residential mortgage-backed	71,137		—		71,137		—
U.S. agency commercial mortgage-backed	11,641		—		11,641		—
Private label mortgage-backed	70,035		—		70,035		—
Other asset backed	38,516		—		38,516		—
Obligations of states and political subdivisions	288,791		—		288,791		—
Corporate	69,921		—		69,921		—
Trust preferred	982		—		982		—
Loans held for sale, carried at fair value	7,643		—		7,643		—
Capitalized mortgage loan servicing rights	46,796		—		—		46,796
Derivatives (1)	37,059		—		37,059		—
Liabilities
Derivatives (2)	18,623		—		18,623		—

Measured at Fair Value on a Non-recurring Basis:
Assets

Collateral dependent loans (3)
Commercial
Commercial and industrial	4,205		—		—		4,205
Commercial real estate	132		—		—		132
Mortgage
1-4 family owner occupied - non-jumbo	627		—		—		627

1-4 family - 2nd lien	170		—		—		170
Resort lending	92		—		—		92
Installment
Boat lending	56		—		—		56
Recreational vehicle lending	172		—		—		172
Other	59		—		—		59

_________________________________

(1)Included in accrued income and other assets

(2)Included in accrued expenses and other liabilities

(3)Only includes individually evaluated loans with specific allocations of the ACL based on collateral value.

Changes in fair values for financial assets which we have elected the fair value option for the periods presented were as follows:


	Changes in Fair Values for the three Month Periods Ended March 31 for items Measured at Fair Value Pursuant to Election of the Fair Value Option
	Net Gains on Assets		Mortgage Loan Servicing, net		Total Change in Fair Values Included in Current Period Earnings
	Mortgage Loans
	(In thousands)
2025
Loans held for sale	$	55	$	—	$	55
Capitalized mortgage loan servicing rights	—		(2,424)		(2,424)

2024
Loans held for sale	29		—		29
Capitalized mortgage loan servicing rights	—		506		506

For those items measured at fair value pursuant to our election of the fair value option, interest income is recorded within the interim Condensed Consolidated Statements of Operations based on the contractual amount of interest income earned on these financial assets and dividend income is recorded based on cash dividends received.

The following represent impairment charges recognized during the three month periods ended March 31, 2025 and 2024 relating to assets measured at fair value on a non-recurring basis:

•Loans that are individually evaluated using the fair value of collateral for collateral dependent loans had a carrying amount of $5.3 million, which is net of a valuation allowance of $3.7 million at March 31, 2025, and had a carrying amount of $5.5 million, which is net of a valuation allowance of $2.3 million at December 31, 2024. The provision for credit losses included in our results of operations relating to collateral dependent loans was a net expense of $1.7 million and $1.6 million for the three month periods ending March 31, 2025 and 2024, respectively.

A reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follows:


		Capitalized Mortgage Loan Servicing Rights
	Three Months Ended March 31,
		2025		2024
	(In thousands)
Beginning balance		$	46,796	$	42,243
Total gains (losses) realized and unrealized:
Included in results of operations		(2,424)		506
Included in results of operations - gain on sale(1)		(94)		—
Included in other comprehensive loss		—		—
Purchases, issuances, settlements, maturities and calls		855		828
Sales(1)		(12,962)		—
Transfers in and/or out of Level 3		—		—
Ending balance		$	32,171	$	43,577

Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at March 31		$	(2,424)	$	506

(1) On January 31, 2025 we sold $931.6 million of mortgage loan servicing rights (26.3% of total servicing portfolio) and transferred the servicing on March 3, 2025. This sale represented approximately $13.1 million (27.9%) of the total capitalized mortgage loan servicing right asset. While there remains a customary hold back of final settlement funds of approximately $0.5 million relating to this transaction, we are not aware of any issues that will have a material impact on this final payment. Transaction expenses relating to this sale were approximately $0.3 million and was expensed during the first quarter of 2025.

The fair value of our capitalized mortgage loan servicing rights has been determined based on a valuation model used by an independent third party as discussed above. The significant unobservable inputs used in the fair value measurement of the capitalized mortgage loan servicing rights are discount rate, cost to service, ancillary income, float rate and prepayment rate. Significant changes in all five of these assumptions in isolation would result in significant changes to the value of our

capitalized mortgage loan servicing rights. Quantitative information about our Level 3 fair value measurements measured on a recurring basis follows:


	Asset Fair Value		Valuation Technique	Unobservable Inputs	Range		Weighted Average
	(In thousands)
March 31, 2025
Capitalized mortgage loan servicing rights	$	32,171	Present value of net servicing revenue	Discount rate	10.00% to 17.51%		10.38		%
				Cost to service	$67 to $227		$	80
				Ancillary income	19 to 30		21
				Float rate	3.93	%	3.93		%
				Prepayment rate	5.33% to 29.15%		8.62		%
December 31, 2024
Capitalized mortgage loan servicing rights	$	46,796	Present value of net servicing revenue	Discount rate	10.00% to 19.15%		10.37		%
				Cost to service	$70 to $817		$	79
				Ancillary income	20 to 30		20
				Float rate	4.33	%	4.33		%
				Prepayment rate	5.40% to 28.28%		7.54%

Quantitative information about Level 3 fair value measurements measured on a non-recurring basis follows:

Asset
Fair
Value

Valuation
Technique

Unobservable
Inputs

Range

Weighted
Average

(In thousands)

March 31, 2025

Collateral dependent loans

Commercial

4,125

Discounting financial statement and machinery and equipment appraised values

Discount rates used

50.0% to 65.0%

58.7

Sales comparison approach

Adjustment for differences between comparable sales

(20.0) to 65.0

(3.3)

Mortgage and Installment(1)

1,209

Sales comparison approach

Adjustment for differences between comparable sales

(22.0) to 21.7

(0.3)

December 31, 2024

Collateral dependent loans

Commercial

4,337

Discounting financial statement and machinery and equipment appraised values

Discount rates used

45.0% to 55.0%

50.5

Sales comparison approach

Adjustment for differences between comparable sales

(20.0) to 35.0

(1.4)

Mortgage and Installment(1)

1,176

Sales comparison approach

Adjustment for differences between comparable sales

(22.0) to 21.7

(0.4)


(1)			In addition to the valuation techniques and unobservable inputs discussed above, at March 31, 2025 and December 31, 2024 certain collateral dependent installment loans totaling approximately $0.35 million and $0.29 million, respectively, are secured by collateral other than real estate. For the majority of these loans, we apply internal discount rates to industry valuation guides.

The following table reflects the difference between the aggregate fair value and the aggregate remaining contractual principal balance outstanding for loans held for sale for which the fair value option has been elected for the periods presented.


	Aggregate Fair Value		Difference		Contractual Principal
	(In thousands)
Loans held for sale
March 31, 2025	$	9,514	$	133	$	9,381
December 31, 2024	7,643		78		7,565

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Share Based Compensation - Outstanding Non-vested Restricted Stock and PSUs and Related Transactions (Details) - Non-vested Restricted Stock and PSU's	3 Months Ended
	Mar. 31, 2025 $ / shares shares
Number of Shares [Roll Forward]
Outstanding, beginning balance (in shares) \| shares	266,986
Granted (in shares) \| shares	68,383
Vested (in shares) \| shares	(66,502)
Forfeited (in shares) \| shares	(1,014)
Outstanding, ending balance (in shares) \| shares	267,853
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 24.64
Granted (in dollars per share) \| $ / shares	37.29
Vested (in dollars per share) \| $ / shares	27.58
Forfeited (in dollars per share) \| $ / shares	25.76
Outstanding, ending balance (in dollars per share) \| $ / shares	$ 27.34

Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

The following table summarizes intangible assets, net of amortization:


	March 31, 2025				December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)

Amortized intangible assets - core deposits	$	11,916	$	10,550	$	11,916	$	10,428
Unamortized intangible assets - goodwill	$	28,300			$	28,300

A summary of estimated core deposits intangible amortization at March 31, 2025 follows:


	(In thousands)

Nine months ending December 31, 2025	365
2026	460
2027	434
2028	107
Total	$	1,366

Fair Values of Financial Instruments

3 Months Ended

Mar. 31, 2025

Fair Values of Financial Instruments [Abstract]

Fair Values of Financial Instruments

Most of our assets and liabilities are considered financial instruments. Many of these financial instruments lack an available trading market and it is our general practice and intent to hold the majority of our financial instruments to maturity. Significant estimates and assumptions were used to determine the fair value of financial instruments. These estimates are subjective in nature, involving uncertainties and matters of judgment, and therefore, fair values may not be a precise estimate. Changes in assumptions could significantly affect the estimates.

Estimated fair values have been determined using available data and methodologies that are considered suitable for each category of financial instrument. For instruments with adjustable interest rates which reprice frequently and without significant credit risk, it is presumed that estimated fair values approximate the recorded book balances.

The estimated recorded book balances and fair values follow:


					Fair Value Using
	Recorded Book Balance		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
March 31, 2025
Assets
Cash and due from banks	$	60,566	$	60,566	$	60,566	$	—	$	—
Interest bearing deposits	67,579		67,579		67,579		—		—
Securities available for sale	529,676		529,676		—		529,676		—
Securities held to maturity	336,928		302,579		—		302,579		—
Federal Home Loan Bank and Federal
Reserve Bank Stock	15,587		NA		NA		NA		NA
Net loans and loans held for sale	4,022,170		3,825,830		—		9,514		3,816,316
Accrued interest receivable	18,807		18,807		139		5,245		13,423
Derivative financial instruments	33,631		33,631		—		33,631		—

Liabilities
Deposits with no stated maturity (1)	$	3,810,665	$	3,810,665	$	3,810,665	$	—	$	—
Deposits with stated maturity (1)	823,266		821,048		—		821,048		—
Other borrowings	45,014		45,014		—		45,014		—
Subordinated debt	39,605		40,226		—		40,226		—
Subordinated debentures	39,813		39,899		—		39,899		—
Accrued interest payable	3,992		3,992		362		3,630		—
Derivative financial instruments	18,699		18,699		—		18,699		—

December 31, 2024
Assets
Cash and due from banks	$	56,984	$	56,984	$	56,984	$	—	$	—
Interest bearing deposits	62,898		62,898		62,898		—		—
Securities available for sale	559,182		559,182		—		559,182		—
Securities held to maturity	339,436		301,860		—		301,860		—
Federal Home Loan Bank and Federal
Reserve Bank Stock	16,099		NA		NA		NA		NA
Net loans and loans held for sale	3,987,089		3,772,862		—		7,643		3,765,219
Accrued interest receivable	19,113		19,113		46		5,606		13,461
Derivative financial instruments	37,059		37,059		—		37,059		—

Liabilities
Deposits with no stated maturity (1)	$	3,806,185	$	3,806,185	$	3,806,185	$	—	$	—
Deposits with stated maturity (1)	847,903		845,534		—		845,534		—
Other borrowings	45,009		44,996		—		44,996		—
Subordinated debt	39,586		40,412		—		40,412		—
Subordinated debentures	39,796		40,235		—		40,235		—
Accrued interest payable	3,109		3,109		374		2,735		—
Derivative financial instruments	18,623		18,623		—		18,623		—


(1)			Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $802.937 million and $797.224 million at March 31, 2025 and December 31, 2024, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $107.589 million and $109.807 million at March 31, 2025 and December 31, 2024, respectively.

The fair values for commitments to extend credit and standby letters of credit are estimated to approximate their aggregate book balance, which is nominal and therefore are not disclosed.

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale the entire holdings of a particular financial instrument.

Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business, the value of future earnings attributable to off-balance sheet activities and the value of assets and liabilities that are not considered financial instruments.

Fair value estimates for deposit accounts do not include the value of the core deposit intangible asset resulting from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market.

Loans - Receivables Past Due (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Non performing loans [Abstract]
Accrued interest excluded from total	$ 13,423	$ 13,461
90+ and Still Accruing
Non performing loans [Abstract]
Accrued interest excluded from total	0	0
Commercial and industrial
Non performing loans [Abstract]
Government guaranteed loans excluded from non-performing loans	2	5
1-4 family owner occupied - non-jumbo
Non performing loans [Abstract]
Government guaranteed loans excluded from non-performing loans	1,938	1,785
Commercial
Non performing loans [Abstract]
Accrued interest excluded from total	6,480	6,496
Commercial \| Commercial and industrial
Non performing loans [Abstract]
Accrued interest excluded from total	3,562	3,310
Commercial \| Commercial real estate
Non performing loans [Abstract]
Accrued interest excluded from total	2,918	3,186
Mortgage
Non performing loans [Abstract]
Accrued interest excluded from total	5,374	5,357
Mortgage \| 1-4 family owner occupied - jumbo
Non performing loans [Abstract]
Accrued interest excluded from total	2,636	2,520
Mortgage \| 1-4 family owner occupied - non-jumbo
Non performing loans [Abstract]
Accrued interest excluded from total	1,105	1,160
Mortgage \| 1-4 family non-owner occupied
Non performing loans [Abstract]
Accrued interest excluded from total	679	680
Mortgage \| 1-4 family - 2nd lien
Non performing loans [Abstract]
Accrued interest excluded from total	802	846
Mortgage \| Resort lending
Non performing loans [Abstract]
Accrued interest excluded from total	152	151
Installment
Non performing loans [Abstract]
Accrued interest excluded from total	1,569	1,608
Installment \| Boat lending
Non performing loans [Abstract]
Accrued interest excluded from total	739	736
Installment \| Recreational vehicle lending
Non performing loans [Abstract]
Accrued interest excluded from total	556	576
Installment \| Other
Non performing loans [Abstract]
Accrued interest excluded from total	274	296
Non-performing TDR's
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	3,940	3,655
Non- Accrual with an Allowance for Credit Loss	3,146	2,347
Total Non- Accrual	7,086	6,002
90+ and Still Accruing	0	0
Total Non- Performing Loans	7,086	6,002
Accrued interest excluded from total	0	0
Non-performing TDR's \| 90+ and Still Accruing
Non performing loans [Abstract]
Accrued interest excluded from total	0	0
Non-performing TDR's \| Commercial \| Commercial and industrial
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	0	0
Non- Accrual with an Allowance for Credit Loss	125	49
Total Non- Accrual	125	49
90+ and Still Accruing	0	0
Total Non- Performing Loans	125	49
Non-performing TDR's \| Commercial \| Commercial real estate
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	0	0
Non- Accrual with an Allowance for Credit Loss	0	0
Total Non- Accrual	0	0
90+ and Still Accruing	0	0
Total Non- Performing Loans	0	0
Non-performing TDR's \| Mortgage \| 1-4 family owner occupied - jumbo
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	1,480	1,480
Non- Accrual with an Allowance for Credit Loss	0	0
Total Non- Accrual	1,480	1,480
90+ and Still Accruing	0	0
Total Non- Performing Loans	1,480	1,480
Non-performing TDR's \| Mortgage \| 1-4 family owner occupied - non-jumbo
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	1,768	1,929
Non- Accrual with an Allowance for Credit Loss	1,081	496
Total Non- Accrual	2,849	2,425
90+ and Still Accruing	0	0
Total Non- Performing Loans	2,849	2,425
Non-performing TDR's \| Mortgage \| 1-4 family non-owner occupied
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	149	0
Non- Accrual with an Allowance for Credit Loss	147	157
Total Non- Accrual	296	157
90+ and Still Accruing	0	0
Total Non- Performing Loans	296	157
Non-performing TDR's \| Mortgage \| 1-4 family - 2nd lien
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	543	246
Non- Accrual with an Allowance for Credit Loss	831	769
Total Non- Accrual	1,374	1,015
90+ and Still Accruing	0	0
Total Non- Performing Loans	1,374	1,015
Non-performing TDR's \| Mortgage \| Resort lending
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	0	0
Non- Accrual with an Allowance for Credit Loss	143	143
Total Non- Accrual	143	143
90+ and Still Accruing	0	0
Total Non- Performing Loans	143	143
Non-performing TDR's \| Installment \| Boat lending
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	0	0
Non- Accrual with an Allowance for Credit Loss	222	209
Total Non- Accrual	222	209
90+ and Still Accruing	0	0
Total Non- Performing Loans	222	209
Non-performing TDR's \| Installment \| Recreational vehicle lending
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	0	0
Non- Accrual with an Allowance for Credit Loss	409	377
Total Non- Accrual	409	377
90+ and Still Accruing	0	0
Total Non- Performing Loans	409	377
Non-performing TDR's \| Installment \| Other
Non performing loans [Abstract]
Non- Accrual with no Allowance for Credit Loss	0	0
Non- Accrual with an Allowance for Credit Loss	188	147
Total Non- Accrual	188	147
90+ and Still Accruing	0	0
Total Non- Performing Loans	$ 188	$ 147

Share Based Compensation - Summary of Restricted Stock and Performance Stock Units (Details) - Long-Term Incentive Plan - shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Restricted stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)	52,019	80,355
PSU
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)	16,364	18,822

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Goodwill and Other Intangibles (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The following table summarizes intangible assets, net of amortization:


	March 31, 2025				December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)

Amortized intangible assets - core deposits	$	11,916	$	10,550	$	11,916	$	10,428
Unamortized intangible assets - goodwill	$	28,300			$	28,300

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

A summary of estimated core deposits intangible amortization at March 31, 2025 follows:


	(In thousands)

Nine months ending December 31, 2025	365
2026	460
2027	434
2028	107
Total	$	1,366

Derivative Financial Instruments - Effect on the Condensed Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)	$ 466	$ (2,229)
Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	(424)	(266)
No hedge designation
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	175	323
No hedge designation \| Rate-lock mortgage loan commitments
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	268	94
No hedge designation \| Mandatory commitments to sell mortgage loans
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(93)	229
No hedge designation \| Fixed Income Interest Rate \| Commercial \| Interest Rate Swap
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(9,275)	5,970
No hedge designation \| Variable Income Interest Rate \| Commercial \| Interest Rate Swap
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	9,275	(5,970)
Fair Value Hedging \| Interest rate cap agreements - securities available for sale
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)	(155)	38
Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	(54)	(54)
Gain (Loss) Recognized in Income	0	40
Fair Value Hedging \| Interest rate cap agreements
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)	(155)	38
Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	(54)	(54)
Gain (Loss) Recognized in Income	(4,107)	5,332
Fair Value Hedging \| Fixed Income Interest Rate \| Pay-fixed interest rate swap agreements - securities available for sale
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(2,375)	1,548
Fair Value Hedging \| Fixed Income Interest Rate \| Commercial \| Interest Rate Swap
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(85)	79
Fair Value Hedging \| Fixed Income Interest Rate \| Installment \| Interest Rate Swap
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(682)	1,688
Fair Value Hedging \| Fixed Income Interest Rate \| Mortgage \| Interest Rate Swap
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	(965)	2,002
Fair Value Hedging \| Variable Income Interest Rate \| Residential, FHLB Advance \| Interest Rate Swap
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Income	0	(25)
Cash Flow Hedging
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)	621	(2,267)
Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	(370)	(212)
Gain (Loss) Recognized in Income	(370)	(212)
Cash Flow Hedging \| Interest rate cap agreements - short-term funding liabilities
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)	(131)	0
Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	(2)	0
Gain (Loss) Recognized in Income	(2)	0
Cash Flow Hedging \| Commercial \| Interest rate floor agreements
Effect of derivative financial instruments on the condensed consolidated financial statements of operations [Abstract]
Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)	752	(2,267)
Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	(368)	(212)
Gain (Loss) Recognized in Income	$ (368)	$ (212)

Securities - Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	$ 590,156	$ 621,588
Debt securities, available-for-sale, unrealized gains	372	343
Debt securities, available-for-sale, unrealized losses	60,852	62,749
Fair Value	529,676	559,182
U.S. agency
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	9,251	8,858
Debt securities, available-for-sale, unrealized gains	1	1
Debt securities, available-for-sale, unrealized losses	578	700
Fair Value	8,674	8,159
U.S. agency residential mortgage-backed
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	77,892	80,589
Debt securities, available-for-sale, unrealized gains	80	47
Debt securities, available-for-sale, unrealized losses	8,390	9,499
Fair Value	69,582	71,137
U.S. agency commercial mortgage-backed
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	12,332	12,821
Debt securities, available-for-sale, unrealized gains	0	0
Debt securities, available-for-sale, unrealized losses	1,056	1,180
Fair Value	11,276	11,641
Private label mortgage-backed
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	52,746	74,268
Debt securities, available-for-sale, unrealized gains	265	263
Debt securities, available-for-sale, unrealized losses	3,752	4,496
Fair Value	49,259	70,035
Other asset backed
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	36,686	39,232
Debt securities, available-for-sale, unrealized gains	26	18
Debt securities, available-for-sale, unrealized losses	676	734
Fair Value	36,036	38,516
Obligations of states and political subdivisions
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	327,439	330,874
Debt securities, available-for-sale, unrealized gains	0	14
Debt securities, available-for-sale, unrealized losses	43,189	42,097
Fair Value	284,250	288,791
Corporate
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	72,823	73,960
Debt securities, available-for-sale, unrealized gains	0	0
Debt securities, available-for-sale, unrealized losses	3,203	4,039
Fair Value	69,620	69,921
Trust preferred
Debt Securities, Available-for-Sale [Abstract]
Total securities available-for-sale, amortized cost	987	986
Debt securities, available-for-sale, unrealized gains	0	0
Debt securities, available-for-sale, unrealized losses	8	4
Fair Value	$ 979	$ 982

Accumulated Other Comprehensive Loss ("AOCL") - Reclassification Out of Each Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Reclassifications out of AOCIL [Abstract]
Interest income	$ 66,144	$ 65,126
Interest expense	43,685	40,197
Income before income tax	19,126	19,821
Income tax expense	3,536	3,830
Reclassifications, net of tax	15,590	15,991
Amount Reclassified From AOCL
Reclassifications out of AOCIL [Abstract]
Reclassifications, net of tax	(596)	(423)
Unrealized Losses on Securities AFS \| Amount Reclassified From AOCL
Reclassifications out of AOCIL [Abstract]
Net losses on securities available for sale	(330)	(269)
Income tax expense	(69)	(56)
Reclassifications, net of tax	(261)	(213)
Unrealized Gains (Losses) on Derivative Instruments \| Amount Reclassified From AOCL
Reclassifications out of AOCIL [Abstract]
Interest income	422	266
Interest expense	2
Income before income tax	424
Income tax expense	89	56
Reclassifications, net of tax	$ 335	$ 210

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure
Reclassifications, net of tax	$ 15,590	$ 15,991

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Securities

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Securities

Securities available for sale (“AFS”) consist of the following:


	Amortized Cost		Unrealized
			Gains		Losses		Fair Value
	(In thousands)
March 31, 2025
U.S. agency	$	9,251	$	1	$	578	$	8,674
U.S. agency residential mortgage-backed	77,892		80		8,390		69,582
U.S. agency commercial mortgage-backed	12,332		—		1,056		11,276
Private label mortgage-backed	52,746		265		3,752		49,259
Other asset backed	36,686		26		676		36,036
Obligations of states and political subdivisions	327,439		—		43,189		284,250
Corporate	72,823		—		3,203		69,620
Trust preferred	987		—		8		979
Total	$	590,156	$	372	$	60,852	$	529,676

December 31, 2024
U.S. agency	$	8,858	$	1	$	700	$	8,159
U.S. agency residential mortgage-backed	80,589		47		9,499		71,137
U.S. agency commercial mortgage-backed	12,821		—		1,180		11,641
Private label mortgage-backed	74,268		263		4,496		70,035
Other asset backed	39,232		18		734		38,516
Obligations of states and political subdivisions	330,874		14		42,097		288,791
Corporate	73,960		—		4,039		69,921
Trust preferred	986		—		4		982
Total	$	621,588	$	343	$	62,749	$	559,182

Securities held to maturity (“HTM”) consist of the following:


	Carrying Value		Transferred Unrealized Loss (1)		ACL		Amortized Cost		Unrealized				Fair Value
									Gains		Losses
	(In thousands)
March 31, 2025
U.S. agency	$	23,998	$	1,374	$	—	$	25,372	$	—	$	4,405	$	20,967
U.S. agency residential mortgage-backed	98,712		8,417		—		107,129		—		22,830		84,299
U.S. agency commercial mortgage-backed	3,985		97		—		4,082		—		368		3,714
Private label mortgage-backed	7,337		162		1		7,500		—		453		7,047
Obligations of states and political subdivisions	155,910		4,853		17		160,780		34		18,520		142,294
Corporate	46,031		420		108		46,559		—		3,301		43,258
Trust preferred	955		42		3		1,000		—		—		1,000
Total	$	336,928	$	15,365	$	129	$	352,422	$	34	$	49,877	$	302,579

December 31, 2024
U.S. agency	$	24,150	$	1,404	$	—	$	25,554	$	—	$	4,987	$	20,567
U.S. agency residential mortgage-backed	100,700		8,669		—		109,369		—		24,631		84,738
U.S. agency commercial mortgage-backed	4,013		107		—		4,120		—		402		3,718
Private label mortgage-backed	7,350		190		1		7,541		—		551		6,990
Obligations of states and political subdivisions	156,305		5,262		17		161,584		28		19,461		142,151
Corporate	45,964		496		111		46,571		—		3,875		42,696
Trust preferred	954		43		3		1,000		—		—		1,000
Total	$	339,436	$	16,171	$	132	$	355,739	$	28	$	53,907	$	301,860

(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.

Our investments' gross unrealized losses and fair values for securities AFS aggregated by investment type and length of time that individual securities have been at a continuous unrealized loss position follows:


	Less Than Twelve Months				Twelve Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
March 31, 2025
U.S. agency	$	1,283	$	2	$	7,256	$	576	$	8,539	$	578
U.S. agency residential mortgage-backed	152		—		55,963		8,390		56,115		8,390
U.S. agency commercial mortgage-backed	—		—		11,276		1,056		11,276		1,056
Private label mortgage-backed	—		—		48,229		3,752		48,229		3,752
Other asset backed	4,531		31		24,622		645		29,153		676
Obligations of states and political subdivisions	353		16		283,897		43,173		284,250		43,189
Corporate	1,484		12		68,136		3,191		69,620		3,203
Trust preferred	—		—		979		8		979		8
Total	$	7,803	$	61	$	500,358	$	60,791	$	508,161	$	60,852

December 31, 2024
U.S. agency	$	324	$	1	$	7,565	$	699	$	7,889	$	700
U.S. agency residential mortgage-backed	147		—		61,219		9,499		61,366		9,499
U.S. agency commercial mortgage-backed	—		—		11,641		1,180		11,641		1,180
Private label mortgage-backed	2,551		8		66,411		4,488		68,962		4,496
Other asset backed	3,984		19		27,052		715		31,036		734
Obligations of states and political subdivisions	221		1		288,570		42,096		288,791		42,097
Corporate	1,473		23		68,448		4,016		69,921		4,039
Trust preferred	—		—		982		4		982		4
Total	$	8,700	$	52	$	531,888	$	62,697	$	540,588	$	62,749

Securities AFS in unrealized loss positions are evaluated quarterly for impairment related to credit losses. For securities AFS in an unrealized loss position, we first assess whether we intend to sell, or it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For securities AFS that do not meet this criteria, we evaluate whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, we consider the extent to which fair value is less than amortized cost, adverse conditions specifically related to the security and the issuer and the impact of changes in market interest rates on the market value of the security, among other factors. If this assessment indicates that a credit loss exists, we compare the present value of cash flows expected to be collected from the security with the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis for the security, a credit loss exists and an ACL is recorded, limited to the amount that the fair value of the security is less than its amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income (loss), net of applicable taxes. No ACL for securities AFS was needed at March 31, 2025 and December 31, 2024. Accrued interest receivable on securities AFS totaled $3.3 million and $3.9 million at March 31, 2025 and December 31, 2024, respectively,

and is excluded from the estimate of credit losses and is included in accrued income and other assets in the interim Condensed Consolidated Statements of Financial Condition.

U.S. agency, U.S. agency residential mortgage-backed and U.S. agency commercial mortgage-backed securities — at March 31, 2025, we had 30 U.S. agency, 98 U.S. agency residential mortgage-backed and 10 U.S. agency commercial mortgage-backed securities whose fair value is less than amortized cost. These securities are either explicitly or implicitly guaranteed by the U.S. government, are highly rated by major credit rating agencies, and have a long history of no credit losses. The unrealized losses are largely attributed to widening spreads to Treasury bonds and/or an increase in interest rates since acquisition.

Private label mortgage backed, other asset backed and corporate securities — at March 31, 2025, we had 60 private label mortgage backed, 43 other asset backed, and 72 corporate securities whose fair value is less than amortized cost. The unrealized losses are primarily due to credit spread widening and/or an increase in interest rates since acquisition.

Obligations of states and political subdivisions — at March 31, 2025, we had 308 municipal securities whose fair value is less than amortized cost. The unrealized losses are primarily due to an increase in interest rates since acquisition.

Trust preferred securities — at March 31, 2025, we had one trust preferred security whose fair value is less than amortized cost. This trust preferred security is a single issue security issued by a trust subsidiary of a bank holding company. The pricing of trust preferred securities has suffered from credit spread widening. This security is rated by a major rating agency as investment grade.

At March 31, 2025 management does not intend to liquidate any of the securities discussed above and it is more likely than not that we will not be required to sell these securities prior to recovery of these unrealized losses.

We recorded no credit related charges in our interim Condensed Consolidated Statements of Operations related to securities AFS during the three month periods ended March 31, 2025 and 2024, respectively.

The ACL on securities HTM is a contra asset valuation account that is deducted from the carrying amount of securities HTM to present the net amount expected to be collected. Securities HTM are charged off against the ACL when deemed uncollectible. Adjustments to the ACL are reported in our interim Condensed Consolidated Statements of Operations in provision for credit losses. We measure expected credit losses on securities HTM on a collective basis by major security type with each type sharing similar risk characteristics, and consider historical credit loss information. Accrued interest receivable on securities HTM totaled $1.9 million and $1.7 million at March 31, 2025 and December 31, 2024, respectively and is excluded from the estimate of credit losses and is included in accrued income and other assets in the interim Condensed Consolidated Statements of Financial Condition. With regard to U.S. Government-sponsored agency and mortgage-backed securities (residential and commercial), all these securities are issued by a U.S. government-sponsored entity and have an implicit or explicit government guarantee; therefore, no allowance for credit losses has been recorded for these securities. With regard to obligations of states and political subdivisions, private label-mortgage-backed, corporate and trust preferred securities HTM, we consider (1) issuer bond ratings, (2) historical loss rates for given bond ratings, (3) the financial condition of the issuer, and (4) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. Historical loss rates associated with securities having similar grades as those in our portfolio have been insignificant. During the first quarter of 2023, one corporate security (Signature Bank) defaulted resulting in a full charge-off. Subsequent to this security's charge-off, a portion of its fair value had recovered and was subsequently sold during the first quarter of 2024 for $1.1 million during which period we recorded that amount as a recovery to the ACL. Despite this lone security loss, the long-term historical loss rates associated with securities having similar grades as those in our portfolio have been insignificant. Furthermore, as of March 31, 2025 and December 31, 2024, there were no past due principal and interest payments associated with these securities. At those same dates an allowance for credit losses of $129,000 and $132,000, respectively was recorded on non U.S. agency securities HTM based on applying the long-term historical credit loss rate, as published by credit rating agencies, for similarly rated securities.

On a quarterly basis, we monitor the credit quality of securities HTM through the use of credit ratings. The carrying value of securities HTM aggregated by credit quality follow:


	Private Label Mortgage- Backed		Obligations of States and Political Subdivisions		Corporate		Trust Preferred		Carrying Value Total
	(In thousands)
March 31, 2025
Credit rating:
AAA	$	7,337	$	34,589	$	—	$	—	$	41,926
AA	—		102,609		—		—		102,609
A	—		1,960		5,003		—		6,963
BBB	—		650		36,104		—		36,754
BB	—		—		1,967		—		1,967
Non-rated	—		16,102		2,957		955		20,014
Total	$	7,337	$	155,910	$	46,031	$	955	$	210,233

December 31, 2024
Credit rating:
AAA	$	7,350	$	34,973	$	—	$	—	$	42,323
AA	—		101,112		—		—		101,112
A	—		3,473		5,005		—		8,478
BBB	—		652		36,045		—		36,697
BB	—		—		1,963		—		1,963
Non-rated	—		16,095		2,951		954		20,000
Total	$	7,350	$	156,305	$	45,964	$	954	$	210,573

An analysis of the allowance for credit losses by security HTM type for the three months ended March 31 follows:


	Private Label Mortgage- Backed		Obligations of States and Political Subdivisions		Corporate		Trust Preferred		Total
	(In thousands)
2025
Balance at beginning of period	$	1	$	17	$	111	$	3	$	132
Additions (deductions)
Provision for credit losses	—		—		(3)		—		(3)
Recoveries credited to the allowance	—		—		—		—		—
Securities HTM charged against the allowance	—		—		—		—		—
Balance at end of period	$	1	$	17	$	108	$	3	$	129

2024
Balance at beginning of period	$	4	$	33	$	116	$	4	$	157
Additions (deductions)
Provision for credit losses	—		(2)		(1,125)		—		(1,127)
Recoveries credited to the allowance	—		—		1,125		—		1,125
Securities HTM charged against the allowance	—		—		—		—		—
Balance at end of period	$	4	$	31	$	116	$	4	$	155

The amortized cost and fair value of securities AFS and securities HTM at March 31, 2025, by contractual maturity, follow:


	Securities AFS				Securities HTM
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Maturing within one year	$	34,413	$	34,000	$	11,744	$	11,560
Maturing after one year but within five years	136,630		127,540		53,173		49,785
Maturing after five years but within ten years	38,838		34,632		96,389		85,659
Maturing after ten years	200,619		167,351		72,405		60,515
	410,500		363,523		233,711		207,519
U.S. agency residential mortgage-backed	77,892		69,582		107,129		84,299
U.S. agency commercial mortgage-backed	12,332		11,276		4,082		3,714
Private label mortgage-backed	52,746		49,259		7,500		7,047
Other asset backed	36,686		36,036		—		—
Total	$	590,156	$	529,676	$	352,422	$	302,579

The actual maturity may differ from the contractual maturity because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

Gains and losses realized on the sale of securities AFS are determined using the specific identification method and are recognized on a trade-date basis. A summary of proceeds from the sale of securities AFS and gains and losses for the three month periods ending March 31, follows:


			Realized
	Proceeds		Gains		Losses
	(In thousands)
2025	$	22,503	$	1	$	331
2024	37,273		14		283

Derivative Financial Instruments - Fair Values of Derivative Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	$ 33,631	$ 37,059
Liability Derivatives	18,699	18,623
Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	15,999	18,624
Liability Derivatives	1,404	350
Derivatives designated as hedging instruments \| Interest rate cap agreements \| Other assets
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	354	646
Derivatives designated as hedging instruments \| Interest rate cap agreements \| Other liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	0	0
Derivatives designated as hedging instruments \| Interest rate floor agreements \| Other assets
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	4,362	3,642
Derivatives designated as hedging instruments \| Interest rate floor agreements \| Other liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	0	0
Derivatives designated as hedging instruments \| Fixed Income Interest Rate \| Interest Rate Swap \| Other assets
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	11,283	14,336
Derivatives designated as hedging instruments \| Fixed Income Interest Rate \| Interest Rate Swap \| Other liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	1,404	350
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	17,632	18,435
Liability Derivatives	17,295	18,273
Derivatives not designated as hedging instruments \| Rate-lock mortgage loan commitments \| Other assets
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	368	100
Derivatives not designated as hedging instruments \| Rate-lock mortgage loan commitments \| Other liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	0	0
Derivatives not designated as hedging instruments \| Mandatory commitments to sell mortgage loans \| Other assets
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	0	62
Derivatives not designated as hedging instruments \| Mandatory commitments to sell mortgage loans \| Other liabilities
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	31	0
Derivatives not designated as hedging instruments \| Fixed Income Interest Rate \| Interest Rate Swap \| Other assets \| Commercial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	10,657	15,799
Derivatives not designated as hedging instruments \| Fixed Income Interest Rate \| Interest Rate Swap \| Other liabilities \| Commercial
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	6,607	2,474
Derivatives not designated as hedging instruments \| Variable Income Interest Rate \| Interest Rate Swap \| Other assets \| Commercial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives	6,607	2,474
Derivatives not designated as hedging instruments \| Variable Income Interest Rate \| Interest Rate Swap \| Other liabilities \| Commercial
Derivative Instruments, Gain (Loss) [Line Items]
Liability Derivatives	$ 10,657	$ 15,799

Securities - Held to Maturity (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	$ 336,928,000	$ 339,436,000
Debt securities, held-to-maturity, transferred unrealized loss	15,365,000	16,171,000
Debt securities, held-to-maturity, allowance for credit loss	129,000	132,000	$ 155,000	$ 157,000
Amortized Cost	352,422,000	355,739,000
Debt securities, held-to-maturity, unrealized gains	34,000	28,000
Debt securities, held-to-maturity, unrealized losses	49,877,000	53,907,000
Debt securities, held-to-maturity, fair value	302,579,000	301,860,000
U.S. agency
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	23,998,000	24,150,000
Debt securities, held-to-maturity, transferred unrealized loss	1,374,000	1,404,000
Debt securities, held-to-maturity, allowance for credit loss	0	0
Amortized Cost	25,372,000	25,554,000
Debt securities, held-to-maturity, unrealized gains	0	0
Debt securities, held-to-maturity, unrealized losses	4,405,000	4,987,000
Debt securities, held-to-maturity, fair value	20,967,000	20,567,000
U.S. agency residential mortgage-backed
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	98,712,000	100,700,000
Debt securities, held-to-maturity, transferred unrealized loss	8,417,000	8,669,000
Debt securities, held-to-maturity, allowance for credit loss	0	0
Amortized Cost	107,129,000	109,369,000
Debt securities, held-to-maturity, unrealized gains	0	0
Debt securities, held-to-maturity, unrealized losses	22,830,000	24,631,000
Debt securities, held-to-maturity, fair value	84,299,000	84,738,000
U.S. agency commercial mortgage-backed
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	3,985,000	4,013,000
Debt securities, held-to-maturity, transferred unrealized loss	97,000	107,000
Debt securities, held-to-maturity, allowance for credit loss	0	0
Amortized Cost	4,082,000	4,120,000
Debt securities, held-to-maturity, unrealized gains	0	0
Debt securities, held-to-maturity, unrealized losses	368,000	402,000
Debt securities, held-to-maturity, fair value	3,714,000	3,718,000
Private label mortgage-backed
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	7,337,000	7,350,000
Debt securities, held-to-maturity, transferred unrealized loss	162,000	190,000
Debt securities, held-to-maturity, allowance for credit loss	1,000	1,000	4,000	4,000
Amortized Cost	7,500,000	7,541,000
Debt securities, held-to-maturity, unrealized gains	0	0
Debt securities, held-to-maturity, unrealized losses	453,000	551,000
Debt securities, held-to-maturity, fair value	7,047,000	6,990,000
Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	155,910,000	156,305,000
Debt securities, held-to-maturity, transferred unrealized loss	4,853,000	5,262,000
Debt securities, held-to-maturity, allowance for credit loss	17,000	17,000	31,000	33,000
Amortized Cost	160,780,000	161,584,000
Debt securities, held-to-maturity, unrealized gains	34,000	28,000
Debt securities, held-to-maturity, unrealized losses	18,520,000	19,461,000
Debt securities, held-to-maturity, fair value	142,294,000	142,151,000
Corporate
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	46,031,000	45,964,000
Debt securities, held-to-maturity, transferred unrealized loss	420,000	496,000
Debt securities, held-to-maturity, allowance for credit loss	108,000	111,000	116,000	116,000
Amortized Cost	46,559,000	46,571,000
Debt securities, held-to-maturity, unrealized gains	0	0
Debt securities, held-to-maturity, unrealized losses	3,301,000	3,875,000
Debt securities, held-to-maturity, fair value	43,258,000	42,696,000
Trust preferred
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss [Abstract]
Carrying Value	955,000	954,000
Debt securities, held-to-maturity, transferred unrealized loss	42,000	43,000
Debt securities, held-to-maturity, allowance for credit loss	3,000	3,000	$ 4,000	$ 4,000
Amortized Cost	1,000,000	1,000,000
Debt securities, held-to-maturity, unrealized gains	0	0
Debt securities, held-to-maturity, unrealized losses	0	0
Debt securities, held-to-maturity, fair value	$ 1,000,000	$ 1,000,000

Share Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Restricted Stock and Performance Stock Units Granted

A summary of restricted stock and performance stock units (“PSU”) granted pursuant to our long-term incentive plan follows:


	Three Months Ended March 31,
		2025	2024

Restricted stock		52,019	80,355
PSU		16,364	18,822

Share-Based Payment Arrangement, Option, Activity

A summary of outstanding stock option grants and related transactions follows:


	Number of Shares	Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)	Aggregated Intrinsic Value
					(In thousands)
Outstanding at January 1, 2025	5,583	$	13.43
Granted	—
Exercised	(2,793)	13.43
Forfeited	—
Expired	—
Outstanding at March 31, 2025	2,790	$	13.43	1.9	$	48

Vested and expected to vest at March 31, 2025	2,790	$	13.43	1.9	$	48
Exercisable at March 31, 2025	2,790	$	13.43	1.9	$	48

Schedule of Nonvested Restricted Stock Units Activity

A summary of outstanding non-vested stock and related transactions follows:


	Number of Shares	Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2025	266,986	$	24.64
Granted	68,383	37.29
Vested	(66,502)	27.58
Forfeited	(1,014)	25.76
Outstanding at March 31, 2025	267,853	$	27.34

Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards

Certain information regarding options exercised during the periods follows:


	Three Months Ended March 31,
		2025		2024
	(In thousands)
Intrinsic value		$	64	$	91
Cash proceeds received		$	—	$	—
Tax benefit realized		$	13	$	19

Derivative Financial Instruments - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cash flow hedge gain (loss) to be reclassified within 12 months	$ 1,500,000
Derivative, term of contract	3 years 4 months 24 days
Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value	$ 10,058,000	$ 14,320,000
Interest Rate Swap \| Fair Value Hedging \| Variable Income Interest Rate \| Residential, FHLB Advance
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Fair Value			$ 0

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets and Liabilities, Lessee [Abstract]
Lease right of use asset	$ 6,003	$ 5,971
Total	$ 6,366	$ 6,338
Weighted average remaining lease term (years)	6 years 11 months 19 days	7 years 25 days
Weighted average discount rate	3.80%	3.70%
Operating lease, right-of-use asset, statement of financial position [extensible enumeration]	Other Assets	Other Assets
Operating lease, liability, statement of financial position [extensible enumeration]	Other Liabilities	Other Liabilities

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets
Securities available for sale	$ 529,676	$ 559,182
Securities held to maturity	336,928	339,436
Federal Home Loan Bank and Federal	15,587	16,099
Liabilities
Other borrowings	45,014	45,009
Subordinated debt	39,605	39,586
Subordinated debentures	39,813	39,796
Reciprocal deposits included in deposits with no stated maturity	802,937	797,224
Reciprocal deposits included in deposits with stated maturity	107,589	109,807
Recorded Book Balance
Assets
Cash and due from banks	60,566	56,984
Interest bearing deposits	67,579	62,898
Securities available for sale	529,676	559,182
Securities held to maturity	336,928	339,436
Federal Home Loan Bank and Federal	15,587	16,099
Net loans and loans held for sale	4,022,170	3,987,089
Accrued interest receivable	18,807	19,113
Derivative financial instruments	33,631	37,059
Liabilities
Deposits with no stated maturity	3,810,665	3,806,185
Deposits with stated maturity	823,266	847,903
Other borrowings	45,014	45,009
Subordinated debt	39,605	39,586
Subordinated debentures	39,813	39,796
Accrued interest payable	3,992	3,109
Derivative financial instruments	18,699	18,623
Fair Value
Assets
Cash and due from banks	60,566	56,984
Interest bearing deposits	67,579	62,898
Securities available for sale	529,676	559,182
Securities held to maturity	302,579	301,860
Net loans and loans held for sale	3,825,830	3,772,862
Accrued interest receivable	18,807	19,113
Derivative financial instruments	33,631	37,059
Liabilities
Deposits with no stated maturity	3,810,665	3,806,185
Deposits with stated maturity	821,048	845,534
Other borrowings	45,014	44,996
Subordinated debt	40,226	40,412
Subordinated debentures	39,899	40,235
Accrued interest payable	3,992	3,109
Derivative financial instruments	18,699	18,623
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Cash and due from banks	60,566	56,984
Interest bearing deposits	67,579	62,898
Securities available for sale	0	0
Securities held to maturity	0	0
Net loans and loans held for sale	0	0
Accrued interest receivable	139	46
Derivative financial instruments	0	0
Liabilities
Deposits with no stated maturity	3,810,665	3,806,185
Deposits with stated maturity	0	0
Other borrowings	0	0
Subordinated debt	0	0
Subordinated debentures	0	0
Accrued interest payable	362	374
Derivative financial instruments	0	0
Significant Other Observable Inputs (Level 2)
Assets
Cash and due from banks	0	0
Interest bearing deposits	0	0
Securities available for sale	529,676	559,182
Securities held to maturity	302,579	301,860
Net loans and loans held for sale	9,514	7,643
Accrued interest receivable	5,245	5,606
Derivative financial instruments	33,631	37,059
Liabilities
Deposits with no stated maturity	0	0
Deposits with stated maturity	821,048	845,534
Other borrowings	45,014	44,996
Subordinated debt	40,226	40,412
Subordinated debentures	39,899	40,235
Accrued interest payable	3,630	2,735
Derivative financial instruments	18,699	18,623
Significant Un- observable Inputs (Level 3)
Assets
Cash and due from banks	0	0
Interest bearing deposits	0	0
Securities available for sale	0	0
Securities held to maturity	0	0
Net loans and loans held for sale	3,816,316	3,765,219
Accrued interest receivable	13,423	13,461
Derivative financial instruments	0	0
Liabilities
Deposits with no stated maturity	0	0
Deposits with stated maturity	0	0
Other borrowings	0	0
Subordinated debt	0	0
Subordinated debentures	0	0
Accrued interest payable	0	0
Derivative financial instruments	$ 0	$ 0

Fair Value Disclosures - Reconciliation for all Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) $ in Thousands		3 Months Ended
	Jan. 31, 2025 USD ($)	Mar. 31, 2025 USD ($)	Mar. 31, 2024 USD ($)
Total gains (losses) realized and unrealized:
Mortgage loan servicing rights sold	$ 931,600
Mortgage loan servicing rights sold, percentage	0.263
Mortgage loan servicing rights sold, capitalized amount	$ 13,100
Mortgage loan servicing rights sold, capitalized, percentage	0.279
Holdback amount	$ 500
Transaction expense	$ 300
Capitalized Mortgage Loan Servicing Rights
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance		$ 46,796	$ 42,243
Total gains (losses) realized and unrealized:
Included in results of operations		(2,424)	506
Included in results of operations - gain on sale		(94)	0
Included in other comprehensive loss		0	0
Purchases, issuances, settlements, maturities and calls		855	828
Sales		(12,962)	0
Transfers in and/or out of Level 3		0	0
Ending balance		32,171	43,577
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at March 31		$ (2,424)	$ 506

Shareholders' Equity and Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2025

Stockholders' Equity Note [Abstract]

Reconciliation of Basic and Diluted Net Income Per Common Share

A reconciliation of basic and diluted net income per common share follows:


	Three Months Ended March 31,
	2025		2024
	(In thousands, except per share data)
Net income	$	15,590	$	15,991

Weighted average shares outstanding (1)	20,943		20,877
Stock units for deferred compensation plan for non-employee directors	177		175
Performance share units	28		25
Effect of stock options	2		3
Weighted average shares outstanding for calculation of diluted earnings per share	21,150		21,080

Net income per common share
Basic (1)	$	0.74	$	0.77
Diluted	$	0.74	$	0.76

(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2025	May 06, 2025
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2025
Entity File Number	0-7818
Entity Registrant Name	INDEPENDENT BANK CORPORATION
Entity Incorporation, State or Country Code	MI
Entity Tax Identification Number	38-2032782
Entity Address, Address Line One	4200 East Beltline
Entity Address, City or Town	Grand Rapids
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	49525
City Area Code	616
Local Phone Number	527-5820
Title of 12(b) Security	Common stock, no par value
Trading Symbol	IBCP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		20,720,940
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Entity Central Index Key	0000039311
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false

Revenue from Contracts with Customers - Narrative (Details)	3 Months Ended
	Mar. 31, 2025 USD ($) asset	Mar. 31, 2024 asset	Dec. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Percentage of revenues excluded from ASC topic 606	88.50%	89.00%
Contract with customer, asset, after allowance for credit loss	$ 0		$ 0
Contract with customers, liability	$ 0		$ 0
Number of real estate assets sold during the period \| asset	0	0

Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

Assets and liabilities measured at fair value, including financial assets for which we have elected the fair value option, were as follows:


			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
March 31, 2025:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	8,674	$	—	$	8,674	$	—
U.S. agency residential mortgage-backed	69,582		—		69,582		—
U.S. agency commercial mortgage-backed	11,276		—		11,276		—
Private label mortgage-backed	49,259		—		49,259		—
Other asset backed	36,036		—		36,036		—
Obligations of states and political subdivisions	284,250		—		284,250		—
Corporate	69,620		—		69,620		—
Trust preferred	979		—		979		—
Loans held for sale, carried at fair value	9,514		—		9,514		—
Capitalized mortgage loan servicing rights	32,171		—		—		32,171
Derivatives (1)	33,631		—		33,631		—
Liabilities
Derivatives (2)	18,699		—		18,699		—

Measured at Fair Value on a Non-recurring Basis:
Assets
Collateral dependent loans (3)
Commercial
Commercial and industrial	3,802		—		—		3,802
Commercial real estate	323		—		—		323
Mortgage
1-4 family owner occupied - non-jumbo	634		—		—		634
1-4 family non-owner occupied	21		—		—		21
1-4 family - 2nd lien	112		—		—		112
Resort lending	92		—		—		92
Installment
Boat lending	109		—		—		109
Recreational vehicle lending	172		—		—		172
Other	69		—		—		69

________________________________

(1)Included in accrued income and other assets

(2)Included in accrued expenses and other liabilities

(3)Only includes individually evaluated loans with specific allocations of the ACL based on collateral value.


			Fair Value Measurements Using
	Fair Value Measure- ments		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
December 31, 2024:
Measured at Fair Value on a Recurring Basis
Assets
Securities available for sale
U.S. agency	$	8,159	$	—	$	8,159	$	—
U.S. agency residential mortgage-backed	71,137		—		71,137		—
U.S. agency commercial mortgage-backed	11,641		—		11,641		—
Private label mortgage-backed	70,035		—		70,035		—
Other asset backed	38,516		—		38,516		—
Obligations of states and political subdivisions	288,791		—		288,791		—
Corporate	69,921		—		69,921		—
Trust preferred	982		—		982		—
Loans held for sale, carried at fair value	7,643		—		7,643		—
Capitalized mortgage loan servicing rights	46,796		—		—		46,796
Derivatives (1)	37,059		—		37,059		—
Liabilities
Derivatives (2)	18,623		—		18,623		—

Measured at Fair Value on a Non-recurring Basis:
Assets

Collateral dependent loans (3)
Commercial
Commercial and industrial	4,205		—		—		4,205
Commercial real estate	132		—		—		132
Mortgage
1-4 family owner occupied - non-jumbo	627		—		—		627

1-4 family - 2nd lien	170		—		—		170
Resort lending	92		—		—		92
Installment
Boat lending	56		—		—		56
Recreational vehicle lending	172		—		—		172
Other	59		—		—		59

_________________________________

(1)Included in accrued income and other assets

(2)Included in accrued expenses and other liabilities

(3)Only includes individually evaluated loans with specific allocations of the ACL based on collateral value.

Fair Value Option, Disclosures

Changes in fair values for financial assets which we have elected the fair value option for the periods presented were as follows:


	Changes in Fair Values for the three Month Periods Ended March 31 for items Measured at Fair Value Pursuant to Election of the Fair Value Option
	Net Gains on Assets		Mortgage Loan Servicing, net		Total Change in Fair Values Included in Current Period Earnings
	Mortgage Loans
	(In thousands)
2025
Loans held for sale	$	55	$	—	$	55
Capitalized mortgage loan servicing rights	—		(2,424)		(2,424)

2024
Loans held for sale	29		—		29
Capitalized mortgage loan servicing rights	—		506		506

Reconciliation for all Assets Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

A reconciliation for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follows:


		Capitalized Mortgage Loan Servicing Rights
	Three Months Ended March 31,
		2025		2024
	(In thousands)
Beginning balance		$	46,796	$	42,243
Total gains (losses) realized and unrealized:
Included in results of operations		(2,424)		506
Included in results of operations - gain on sale(1)		(94)		—
Included in other comprehensive loss		—		—
Purchases, issuances, settlements, maturities and calls		855		828
Sales(1)		(12,962)		—
Transfers in and/or out of Level 3		—		—
Ending balance		$	32,171	$	43,577

Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at March 31		$	(2,424)	$	506

Fair Value Measurement Inputs and Valuation Techniques (Level 3)

Quantitative information about our Level 3 fair value measurements measured on a recurring basis follows:


	Asset Fair Value		Valuation Technique	Unobservable Inputs	Range		Weighted Average
	(In thousands)
March 31, 2025
Capitalized mortgage loan servicing rights	$	32,171	Present value of net servicing revenue	Discount rate	10.00% to 17.51%		10.38		%
				Cost to service	$67 to $227		$	80
				Ancillary income	19 to 30		21
				Float rate	3.93	%	3.93		%
				Prepayment rate	5.33% to 29.15%		8.62		%
December 31, 2024
Capitalized mortgage loan servicing rights	$	46,796	Present value of net servicing revenue	Discount rate	10.00% to 19.15%		10.37		%
				Cost to service	$70 to $817		$	79
				Ancillary income	20 to 30		20
				Float rate	4.33	%	4.33		%
				Prepayment rate	5.40% to 28.28%		7.54%

Quantitative information about Level 3 fair value measurements measured on a non-recurring basis follows:

Asset
Fair
Value

Valuation
Technique

Unobservable
Inputs

Range

Weighted
Average

(In thousands)

March 31, 2025

Collateral dependent loans

Commercial

4,125

Discounting financial statement and machinery and equipment appraised values

Discount rates used

50.0% to 65.0%

58.7

Sales comparison approach

Adjustment for differences between comparable sales

(20.0) to 65.0

(3.3)

Mortgage and Installment(1)

1,209

Sales comparison approach

Adjustment for differences between comparable sales

(22.0) to 21.7

(0.3)

December 31, 2024

Collateral dependent loans

Commercial

4,337

Discounting financial statement and machinery and equipment appraised values

Discount rates used

45.0% to 55.0%

50.5

Sales comparison approach

Adjustment for differences between comparable sales

(20.0) to 35.0

(1.4)

Mortgage and Installment(1)

1,176

Sales comparison approach

Adjustment for differences between comparable sales

(22.0) to 21.7

(0.4)


(1)			In addition to the valuation techniques and unobservable inputs discussed above, at March 31, 2025 and December 31, 2024 certain collateral dependent installment loans totaling approximately $0.35 million and $0.29 million, respectively, are secured by collateral other than real estate. For the majority of these loans, we apply internal discount rates to industry valuation guides.

Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance for Loans Held for Sale


	Aggregate Fair Value		Difference		Contractual Principal
	(In thousands)
Loans held for sale
March 31, 2025	$	9,514	$	133	$	9,381
December 31, 2024	7,643		78		7,565

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Preparation of Financial Statements	3 Months Ended
Preparation of Financial Statements	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Preparation of Financial Statements	Preparation of Financial Statements The interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. The unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes for the year ended December 31, 2024 included in our Annual Report on Form 10-K. In our opinion, the accompanying unaudited interim condensed consolidated financial statements contain all the adjustments necessary to present fairly our consolidated financial condition as of March 31, 2025 and December 31, 2024, and the results of operations for the three-month periods ended March 31, 2025 and 2024. The results of operations for the three-month periods ended March 31, 2025, are not necessarily indicative of the results to be expected for the full year. Certain reclassifications have been made in the prior period interim condensed consolidated financial statements to conform to the current period presentation. Our critical accounting policies include the determination of the allowance for credit losses (“ACL”) and the valuation of capitalized mortgage loan servicing rights. Refer to our 2024 Annual Report on Form 10-K for a disclosure of our accounting policies.

Fair Value Disclosures - Difference Between Aggregate Fair Value and Aggregate Remaining Contractual Principal (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Loans held for sale [Abstract]
Aggregate Fair Value	$ 9,514	$ 7,643
Difference	133	78
Contractual Principal	$ 9,381	$ 7,565

Securities - Gross Unrealized Losses and Fair Values by Investment Type (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	$ 7,803	$ 8,700
Debt securities, available-for-sale, unrealized losses, less than twelve months	61	52
Debt securities, available-for-sale, fair value, twelve months or more	500,358	531,888
Debt securities, available-for-sale, unrealized losses, twelve months or more	60,791	62,697
Debt securities, available-for-sale, fair value, total	508,161	540,588
Debt securities, available-for-sale, unrealized losses, total	60,852	62,749
U.S. agency
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	1,283	324
Debt securities, available-for-sale, unrealized losses, less than twelve months	2	1
Debt securities, available-for-sale, fair value, twelve months or more	7,256	7,565
Debt securities, available-for-sale, unrealized losses, twelve months or more	576	699
Debt securities, available-for-sale, fair value, total	8,539	7,889
Debt securities, available-for-sale, unrealized losses, total	578	700
U.S. agency residential mortgage-backed
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	152	147
Debt securities, available-for-sale, unrealized losses, less than twelve months	0	0
Debt securities, available-for-sale, fair value, twelve months or more	55,963	61,219
Debt securities, available-for-sale, unrealized losses, twelve months or more	8,390	9,499
Debt securities, available-for-sale, fair value, total	56,115	61,366
Debt securities, available-for-sale, unrealized losses, total	8,390	9,499
U.S. agency commercial mortgage-backed
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	0	0
Debt securities, available-for-sale, unrealized losses, less than twelve months	0	0
Debt securities, available-for-sale, fair value, twelve months or more	11,276	11,641
Debt securities, available-for-sale, unrealized losses, twelve months or more	1,056	1,180
Debt securities, available-for-sale, fair value, total	11,276	11,641
Debt securities, available-for-sale, unrealized losses, total	1,056	1,180
Private label mortgage-backed
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	0	2,551
Debt securities, available-for-sale, unrealized losses, less than twelve months	0	8
Debt securities, available-for-sale, fair value, twelve months or more	48,229	66,411
Debt securities, available-for-sale, unrealized losses, twelve months or more	3,752	4,488
Debt securities, available-for-sale, fair value, total	48,229	68,962
Debt securities, available-for-sale, unrealized losses, total	3,752	4,496
Other asset backed
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	4,531	3,984
Debt securities, available-for-sale, unrealized losses, less than twelve months	31	19
Debt securities, available-for-sale, fair value, twelve months or more	24,622	27,052
Debt securities, available-for-sale, unrealized losses, twelve months or more	645	715
Debt securities, available-for-sale, fair value, total	29,153	31,036
Debt securities, available-for-sale, unrealized losses, total	676	734
Obligations of states and political subdivisions
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	353	221
Debt securities, available-for-sale, unrealized losses, less than twelve months	16	1
Debt securities, available-for-sale, fair value, twelve months or more	283,897	288,570
Debt securities, available-for-sale, unrealized losses, twelve months or more	43,173	42,096
Debt securities, available-for-sale, fair value, total	284,250	288,791
Debt securities, available-for-sale, unrealized losses, total	43,189	42,097
Corporate
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	1,484	1,473
Debt securities, available-for-sale, unrealized losses, less than twelve months	12	23
Debt securities, available-for-sale, fair value, twelve months or more	68,136	68,448
Debt securities, available-for-sale, unrealized losses, twelve months or more	3,191	4,016
Debt securities, available-for-sale, fair value, total	69,620	69,921
Debt securities, available-for-sale, unrealized losses, total	3,203	4,039
Trust preferred
Debt Securities, Available-for-Sale, Unrealized Loss Position [Line Items]
Debt securities, available-for-sale, fair value, less than twelve months	0	0
Debt securities, available-for-sale, unrealized losses, less than twelve months	0	0
Debt securities, available-for-sale, fair value, twelve months or more	979	982
Debt securities, available-for-sale, unrealized losses, twelve months or more	8	4
Debt securities, available-for-sale, fair value, total	979	982
Debt securities, available-for-sale, unrealized losses, total	$ 8	$ 4

Derivative Financial Instruments - Type of Hedge and Fair Value of Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Derivatives not designated as hedging instruments
Derivative Instrument Detail [Abstract]
Notional Amount	$ 1,248,034	$ 1,108,683
Average Maturity (years)	4 years 8 months 12 days	4 years 10 months 24 days
Fair Value	$ 337	$ 162
Derivatives not designated as hedging instruments \| Rate-lock mortgage loan commitments
Derivative Instrument Detail [Abstract]
Notional Amount	$ 24,069	$ 12,703
Average Maturity (years)	1 month 6 days	1 month 6 days
Fair Value	$ 368	$ 100
Derivatives not designated as hedging instruments \| Mandatory commitments to sell mortgage loans
Derivative Instrument Detail [Abstract]
Notional Amount	$ 33,741	$ 19,874
Average Maturity (years)	1 month 6 days	1 month 6 days
Fair Value	$ (31)	$ 62
Fixed Income Interest Rate \| Derivatives not designated as hedging instruments \| Interest Rate Swap \| Commercial
Derivative Instrument Detail [Abstract]
Notional Amount	$ 595,112	$ 538,053
Average Maturity (years)	5 years	5 years
Fair Value	$ 4,050	$ 13,325
Variable Income Interest Rate \| Derivatives not designated as hedging instruments \| Interest Rate Swap \| Commercial
Derivative Instrument Detail [Abstract]
Notional Amount	$ 595,112	$ 538,053
Average Maturity (years)	5 years	5 years
Fair Value	$ (4,050)	$ (13,325)
Fair Value Hedging
Derivative Instrument Detail [Abstract]
Notional Amount	$ 422,411	$ 442,512
Average Maturity (years)	2 years 6 months	2 years 7 months 6 days
Fair Value	$ 10,058	$ 14,320
Fair Value Hedging \| Interest rate cap agreements
Derivative Instrument Detail [Abstract]
Notional Amount	$ 40,970	$ 40,970
Average Maturity (years)	3 years 1 month 6 days	3 years 3 months 18 days
Fair Value	$ 179	$ 334
Fair Value Hedging \| Fixed Income Interest Rate \| Interest Rate Swap \| Commercial
Derivative Instrument Detail [Abstract]
Notional Amount	$ 5,546	$ 5,647
Average Maturity (years)	4 years 1 month 6 days	4 years 4 months 24 days
Fair Value	$ 275	$ 361
Fair Value Hedging \| Fixed Income Interest Rate \| Interest Rate Swap \| Installment
Derivative Instrument Detail [Abstract]
Notional Amount	$ 100,000	$ 100,000
Average Maturity (years)	2 years 2 months 12 days	2 years 4 months 24 days
Fair Value	$ (605)	$ 77
Fair Value Hedging \| Fixed Income Interest Rate \| Interest Rate Swap \| Mortgage
Derivative Instrument Detail [Abstract]
Notional Amount	$ 127,000	$ 147,000
Average Maturity (years)	2 years 3 months 18 days	2 years 2 months 12 days
Fair Value	$ (681)	$ 283
Fair Value Hedging \| Fixed Income Interest Rate \| Pay-fixed interest rate swap agreements - securities available for sale
Derivative Instrument Detail [Abstract]
Notional Amount	$ 148,895	$ 148,895
Average Maturity (years)	2 years 7 months 6 days	2 years 9 months 18 days
Fair Value	$ 10,890	$ 13,265
Cash Flow Hedging
Derivative Instrument Detail [Abstract]
Notional Amount	$ 400,000	$ 400,000
Average Maturity (years)	2 years 1 month 6 days	2 years 1 month 6 days
Fair Value	$ 4,537	$ 3,954
Cash Flow Hedging \| Interest rate floor agreements - commercial
Derivative Instrument Detail [Abstract]
Notional Amount	$ 375,000	$ 375,000
Average Maturity (years)	2 years 1 month 6 days	2 years 3 months 18 days
Fair Value	$ 4,362	$ 3,642
Cash Flow Hedging \| Interest rate cap agreements - short-term funding liabilities
Derivative Instrument Detail [Abstract]
Notional Amount	$ 25,000	$ 25,000
Average Maturity (years)	3 years 2 months 12 days	3 years 4 months 24 days
Fair Value	$ 175	$ 312

Securities (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Debt Securities, Available-for-Sale

Securities available for sale (“AFS”) consist of the following:


	Amortized Cost		Unrealized
			Gains		Losses		Fair Value
	(In thousands)
March 31, 2025
U.S. agency	$	9,251	$	1	$	578	$	8,674
U.S. agency residential mortgage-backed	77,892		80		8,390		69,582
U.S. agency commercial mortgage-backed	12,332		—		1,056		11,276
Private label mortgage-backed	52,746		265		3,752		49,259
Other asset backed	36,686		26		676		36,036
Obligations of states and political subdivisions	327,439		—		43,189		284,250
Corporate	72,823		—		3,203		69,620
Trust preferred	987		—		8		979
Total	$	590,156	$	372	$	60,852	$	529,676

December 31, 2024
U.S. agency	$	8,858	$	1	$	700	$	8,159
U.S. agency residential mortgage-backed	80,589		47		9,499		71,137
U.S. agency commercial mortgage-backed	12,821		—		1,180		11,641
Private label mortgage-backed	74,268		263		4,496		70,035
Other asset backed	39,232		18		734		38,516
Obligations of states and political subdivisions	330,874		14		42,097		288,791
Corporate	73,960		—		4,039		69,921
Trust preferred	986		—		4		982
Total	$	621,588	$	343	$	62,749	$	559,182

Debt Securities, Held-to-Maturity

Securities held to maturity (“HTM”) consist of the following:


	Carrying Value		Transferred Unrealized Loss (1)		ACL		Amortized Cost		Unrealized				Fair Value
									Gains		Losses
	(In thousands)
March 31, 2025
U.S. agency	$	23,998	$	1,374	$	—	$	25,372	$	—	$	4,405	$	20,967
U.S. agency residential mortgage-backed	98,712		8,417		—		107,129		—		22,830		84,299
U.S. agency commercial mortgage-backed	3,985		97		—		4,082		—		368		3,714
Private label mortgage-backed	7,337		162		1		7,500		—		453		7,047
Obligations of states and political subdivisions	155,910		4,853		17		160,780		34		18,520		142,294
Corporate	46,031		420		108		46,559		—		3,301		43,258
Trust preferred	955		42		3		1,000		—		—		1,000
Total	$	336,928	$	15,365	$	129	$	352,422	$	34	$	49,877	$	302,579

December 31, 2024
U.S. agency	$	24,150	$	1,404	$	—	$	25,554	$	—	$	4,987	$	20,567
U.S. agency residential mortgage-backed	100,700		8,669		—		109,369		—		24,631		84,738
U.S. agency commercial mortgage-backed	4,013		107		—		4,120		—		402		3,718
Private label mortgage-backed	7,350		190		1		7,541		—		551		6,990
Obligations of states and political subdivisions	156,305		5,262		17		161,584		28		19,461		142,151
Corporate	45,964		496		111		46,571		—		3,875		42,696
Trust preferred	954		43		3		1,000		—		—		1,000
Total	$	339,436	$	16,171	$	132	$	355,739	$	28	$	53,907	$	301,860

(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.

Schedule of Unrealized Loss on Investments


	Less Than Twelve Months				Twelve Months or More				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
	(In thousands)
March 31, 2025
U.S. agency	$	1,283	$	2	$	7,256	$	576	$	8,539	$	578
U.S. agency residential mortgage-backed	152		—		55,963		8,390		56,115		8,390
U.S. agency commercial mortgage-backed	—		—		11,276		1,056		11,276		1,056
Private label mortgage-backed	—		—		48,229		3,752		48,229		3,752
Other asset backed	4,531		31		24,622		645		29,153		676
Obligations of states and political subdivisions	353		16		283,897		43,173		284,250		43,189
Corporate	1,484		12		68,136		3,191		69,620		3,203
Trust preferred	—		—		979		8		979		8
Total	$	7,803	$	61	$	500,358	$	60,791	$	508,161	$	60,852

December 31, 2024
U.S. agency	$	324	$	1	$	7,565	$	699	$	7,889	$	700
U.S. agency residential mortgage-backed	147		—		61,219		9,499		61,366		9,499
U.S. agency commercial mortgage-backed	—		—		11,641		1,180		11,641		1,180
Private label mortgage-backed	2,551		8		66,411		4,488		68,962		4,496
Other asset backed	3,984		19		27,052		715		31,036		734
Obligations of states and political subdivisions	221		1		288,570		42,096		288,791		42,097
Corporate	1,473		23		68,448		4,016		69,921		4,039
Trust preferred	—		—		982		4		982		4
Total	$	8,700	$	52	$	531,888	$	62,697	$	540,588	$	62,749

Debt Securities, Held-to-Maturity, Credit Quality

The carrying value of securities HTM aggregated by credit quality follow:


	Private Label Mortgage- Backed		Obligations of States and Political Subdivisions		Corporate		Trust Preferred		Carrying Value Total
	(In thousands)
March 31, 2025
Credit rating:
AAA	$	7,337	$	34,589	$	—	$	—	$	41,926
AA	—		102,609		—		—		102,609
A	—		1,960		5,003		—		6,963
BBB	—		650		36,104		—		36,754
BB	—		—		1,967		—		1,967
Non-rated	—		16,102		2,957		955		20,014
Total	$	7,337	$	155,910	$	46,031	$	955	$	210,233

December 31, 2024
Credit rating:
AAA	$	7,350	$	34,973	$	—	$	—	$	42,323
AA	—		101,112		—		—		101,112
A	—		3,473		5,005		—		8,478
BBB	—		652		36,045		—		36,697
BB	—		—		1,963		—		1,963
Non-rated	—		16,095		2,951		954		20,000
Total	$	7,350	$	156,305	$	45,964	$	954	$	210,573

Debt Securities, Held-to-Maturity, Allowance for Credit Loss

An analysis of the allowance for credit losses by security HTM type for the three months ended March 31 follows:


	Private Label Mortgage- Backed		Obligations of States and Political Subdivisions		Corporate		Trust Preferred		Total
	(In thousands)
2025
Balance at beginning of period	$	1	$	17	$	111	$	3	$	132
Additions (deductions)
Provision for credit losses	—		—		(3)		—		(3)
Recoveries credited to the allowance	—		—		—		—		—
Securities HTM charged against the allowance	—		—		—		—		—
Balance at end of period	$	1	$	17	$	108	$	3	$	129

2024
Balance at beginning of period	$	4	$	33	$	116	$	4	$	157
Additions (deductions)
Provision for credit losses	—		(2)		(1,125)		—		(1,127)
Recoveries credited to the allowance	—		—		1,125		—		1,125
Securities HTM charged against the allowance	—		—		—		—		—
Balance at end of period	$	4	$	31	$	116	$	4	$	155

Investments Classified by Contractual Maturity Date

The amortized cost and fair value of securities AFS and securities HTM at March 31, 2025, by contractual maturity, follow:


	Securities AFS				Securities HTM
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(In thousands)
Maturing within one year	$	34,413	$	34,000	$	11,744	$	11,560
Maturing after one year but within five years	136,630		127,540		53,173		49,785
Maturing after five years but within ten years	38,838		34,632		96,389		85,659
Maturing after ten years	200,619		167,351		72,405		60,515
	410,500		363,523		233,711		207,519
U.S. agency residential mortgage-backed	77,892		69,582		107,129		84,299
U.S. agency commercial mortgage-backed	12,332		11,276		4,082		3,714
Private label mortgage-backed	52,746		49,259		7,500		7,047
Other asset backed	36,686		36,036		—		—
Total	$	590,156	$	529,676	$	352,422	$	302,579

Gains and Losses Realized on Sale of Securities Available for Sale

A summary of proceeds from the sale of securities AFS and gains and losses for the three month periods ending March 31, follows:


			Realized
	Proceeds		Gains		Losses
	(In thousands)
2025	$	22,503	$	1	$	331
2024	37,273		14		283

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5A

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 16: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-5B

+ Details

Regulatory Matters - Capital Amounts and Ratios (Details) $ in Thousands	Mar. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Banking Regulation, Tier 1 Leverage Capital [Abstract]
Capital conservation buffer	0.0250	0.0250
Consolidated
Banking Regulation, Total Capital [Abstract]
Actual	$ 632,083	$ 622,444
Actual, ratio	0.1451	0.1422
Minimum for Adequately Capitalized Institutions	$ 348,557	$ 350,113
Minimum for adequately capitalized institutions, ratio	0.0800	0.0800
Tier 1 capital to risk-weighted assets [Abstract]
Actual	$ 537,485	$ 527,616
Actual, ratio	0.1234	0.1206
Minimum for Adequately Capitalized Institutions	$ 261,418	$ 262,585
Minimum for adequately capitalized institutions, ratio	0.0600	0.0600
Common equity tier 1 capital to risk-weighted assets [Abstract]
Actual	$ 498,896	$ 489,044
Actual, ratio	0.1145	0.1117
Minimum for Adequately Capitalized Institutions	$ 196,063	$ 196,939
Minimum for adequately capitalized institutions, ratio	0.0450	0.0450
Banking Regulation, Tier 1 Leverage Capital [Abstract]
Actual	$ 537,485	$ 527,616
Actual, ratio	0.0989	0.0985
Minimum for Adequately Capitalized Institutions	$ 217,485	$ 214,332
Minimum for adequately capitalized institutions, ratio	0.0400	0.0400
Independent Bank
Banking Regulation, Total Capital [Abstract]
Actual	$ 573,522	$ 567,254
Actual, ratio	0.1319	0.1299
Minimum for Adequately Capitalized Institutions	$ 347,964	$ 349,335
Minimum for adequately capitalized institutions, ratio	0.0800	0.0800
Minimum for Well-Capitalized Institutions	$ 434,955	$ 436,668
Minimum for well-capitalized institutions, ratio	0.1000	0.1000
Tier 1 capital to risk-weighted assets [Abstract]
Actual	$ 519,015	$ 512,546
Actual, ratio	0.1193	0.1174
Minimum for Adequately Capitalized Institutions	$ 260,973	$ 262,001
Minimum for adequately capitalized institutions, ratio	0.0600	0.0600
Minimum for Well-Capitalized Institutions	$ 347,964	$ 349,335
Minimum for well capitalized institutions, ratio	0.0800	0.0800
Common equity tier 1 capital to risk-weighted assets [Abstract]
Actual	$ 519,015	$ 512,546
Actual, ratio	0.1193	0.1174
Minimum for Adequately Capitalized Institutions	$ 195,730	$ 196,501
Minimum for adequately capitalized institutions, ratio	0.0450	0.0450
Minimum for Well-Capitalized Institutions	$ 282,721	$ 283,834
Minimum for well-capitalized institutions, ratio	0.0650	0.0650
Banking Regulation, Tier 1 Leverage Capital [Abstract]
Actual	$ 519,015	$ 512,546
Actual, ratio	0.0956	0.0958
Minimum for Adequately Capitalized Institutions	$ 217,153	$ 214,112
Minimum for adequately capitalized institutions, ratio	0.0400	0.0400
Minimum for Well-Capitalized Institutions	$ 271,441	$ 267,640
Minimum for well capitalized institutions, ratio	0.0500	0.0500

Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2025

Regulatory Matters [Abstract]

Capital Amounts and Ratios

Our actual capital amounts and ratios follow (1):


	Actual				Minimum for Adequately Capitalized Institutions				Minimum for Well-Capitalized Institutions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
March 31, 2025
Total capital to risk-weighted assets
Consolidated	$	632,083	14.51	%	$	348,557	8.00	%	NA		NA
Independent Bank	573,522		13.19		347,964		8.00		$	434,955	10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	537,485	12.34	%	$	261,418	6.00	%	NA		NA
Independent Bank	519,015		11.93		260,973		6.00		$	347,964	8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	498,896	11.45	%	$	196,063	4.50	%	NA		NA
Independent Bank	519,015		11.93		195,730		4.50		$	282,721	6.50	%

Tier 1 capital to average assets
Consolidated	$	537,485	9.89	%	$	217,485	4.00	%	NA		NA
Independent Bank	519,015		9.56		217,153		4.00		$	271,441	5.00	%

December 31, 2024
Total capital to risk-weighted assets
Consolidated	$	622,444	14.22	%	$	350,113	8.00	%	NA		NA
Independent Bank	567,254		12.99		349,335		8.00		$	436,668	10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	527,616	12.06	%	$	262,585	6.00	%	NA		NA
Independent Bank	512,546		11.74		262,001		6.00		$	349,335	8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	489,044	11.17	%	$	196,939	4.50	%	NA		NA
Independent Bank	512,546		11.74		196,501		4.50		$	283,834	6.50	%

Tier 1 capital to average assets
Consolidated	$	527,616	9.85	%	$	214,332	4.00	%	NA		NA
Independent Bank	512,546		9.58		214,112		4.00		$	267,640	5.00	%

_______________________________________


(1)			These ratios do not reflect a capital conservation buffer of 2.50% at March 31, 2025 and December 31, 2024.

NA - Not applicable

Regulatory Capital

The components of our regulatory capital are as follows:


	Consolidated				Independent Bank
	March 31, 2025		December 31, 2024		March 31, 2025		December 31, 2024
	(In thousands)
Total shareholders' equity	$	467,277	$	454,686	$	487,396	$	478,188
Add (deduct)
Accumulated other comprehensive loss for regulatory purposes	61,285		64,146		61,285		64,146
Goodwill and other intangibles	(29,666)		(29,788)		(29,666)		(29,788)
Common equity tier 1 capital	498,896		489,044		519,015		512,546
Qualifying trust preferred securities	38,589		38,572		—		—
Tier 1 capital	537,485		527,616		519,015		512,546
Subordinated debt	40,000		40,000		—		—
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets	54,598		54,828		54,507		54,708
Total risk-based capital	$	632,083	$	622,444	$	573,522	$	567,254

Accumulated Other Comprehensive Loss ("AOCL") (Tables)

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

A summary of changes in AOCL follows:


	Unrealized Losses on Securities AFS		Unrealized Losses on Securities Transferred to Securities HTM (1)		Dispropor- tionate Tax Effects from Securities AFS		Unrealized Gains (Losses) on Derivative Instruments		Total
	(In thousands)















For the three months ended March 31,
2025
Balances at beginning of period	$	(49,301)	$	(12,775)	$	(5,798)	$	(2,070)	$	(69,944)
Other comprehensive income before reclassifications	1,260		637		—		368		2,265
Amounts reclassified from AOCL	261		—		—		335		596
Net current period other comprehensive income	1,521		637		—		703		2,861
Balances at end of period	$	(47,780)	$	(12,138)	$	(5,798)	$	(1,367)	$	(67,083)

2024
Balances at beginning of period	$	(51,113)	$	(15,408)	$	(5,798)	$	177	$	(72,142)
Other comprehensive income (loss) before reclassifications	1,203		648		—		(1,761)		90
Amounts reclassified from AOCL	213		—		—		210		423
Net current period other comprehensive income (loss)	1,416		648		—		(1,551)		513
Balances at end of period	$	(49,697)	$	(14,760)	$	(5,798)	$	(1,374)	$	(71,629)

(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.

Reclassifications Out of Each Component of AOCL

A summary of reclassifications out of each component of AOCL for the three months ended March 31 follows:


AOCL Component	Amount Reclassified From AOCL		Affected Line Item in Interim Condensed Consolidated Statements of Operations
	(In thousands)
2025
Unrealized losses on securities available for sale
	$	(330)	Net losses on securities available for sale
	(69)		Income tax expense
	$	(261)	Reclassifications, net of tax

Unrealized gains (losses) on derivative instruments
	$	422	Interest income
	2		Interest expense
	424
	89		Income tax expense
	$	335	Reclassifications, net of tax

	$	(596)	Total reclassifications for the period, net of tax

2024
Unrealized losses on securities available for sale
	$	(269)	Net losses on securities available for sale
	(56)		Income tax expense
	$	(213)	Reclassifications, net of tax

Unrealized gains (losses) on derivative instruments
	$	266	Interest income
	56		Income tax expense
	$	210	Reclassifications, net of tax

	$	(423)	Total reclassifications for the period, net of tax

Loans (Tables)

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Financing Receivable, Current, Allowance for Credit Loss

An analysis of the ACL by portfolio segment for the three months ended March 31, follows:


	Commercial		Mortgage		Installment		Subjective Allocation		Total
	(In thousands)
2025
Balance at beginning of period	$	22,872	$	22,317	$	3,040	$	11,150	$	59,379
Additions (deductions)
Provision for credit losses	1,379		(2,379)		59		1,665		724
Recoveries credited to the allowance	46		122		382		—		550
Loans charged against the allowance	—		(24)		(594)		—		(618)
Balance at end of period	$	24,297	$	20,036	$	2,887	$	12,815	$	60,035

2024
Balance at beginning of period	$	16,724	$	21,386	$	4,126	$	12,422	$	54,658
Additions (deductions)
Provision for credit losses	2,194		(366)		(127)		170		1,871
Recoveries credited to the allowance	64		82		450		—		596
Loans charged against the allowance	—		(199)		(613)		—		(812)
Balance at end of period	$	18,982	$	20,903	$	3,836	$	12,592	$	56,313

Financing Receivable, Nonaccrual

Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:


	Non- Accrual with no Allowance for Credit Loss		Non- Accrual with an Allowance for Credit Loss		Total Non- Accrual		90+ and Still Accruing		Total Non- Performing Loans
	(In thousands)
March 31, 2025
Commercial
Commercial and industrial (1)	$	—	$	125	$	125	$	—	$	125
Commercial real estate	—		—		—		—		—
Mortgage
1-4 family owner occupied - jumbo	1,480		—		1,480		—		1,480
1-4 family owner occupied - non-jumbo (2)	1,768		1,081		2,849		—		2,849
1-4 family non-owner occupied	149		147		296		—		296
1-4 family - 2nd lien	543		831		1,374		—		1,374
Resort lending	—		143		143		—		143
Installment
Boat lending	—		222		222		—		222
Recreational vehicle lending	—		409		409		—		409
Other	—		188		188		—		188
Total	$	3,940	$	3,146	$	7,086	$	—	$	7,086

Accrued interest excluded from total	$	—	$	—	$	—	$	—	$	—

December 31, 2024
Commercial
Commercial and industrial (1)	$	—	$	49	$	49	$	—	$	49
Commercial real estate	—		—		—		—		—
Mortgage
1-4 family owner occupied - jumbo	1,480		—		1,480		—		1,480
1-4 family owner occupied - non-jumbo (2)	1,929		496		2,425		—		2,425
1-4 family non-owner occupied	—		157		157		—		157
1-4 family - 2nd lien	246		769		1,015		—		1,015
Resort lending	—		143		143		—		143
Installment
Boat lending	—		209		209		—		209
Recreational vehicle lending	—		377		377		—		377
Other	—		147		147		—		147
Total	$	3,655	$	2,347	$	6,002	$	—	$	6,002

Accrued interest excluded from total	$	—	$	—	$	—	$	—	$	—

(1)Non-performing commercial and industrial loans exclude $0.002 million and $0.005 million of government guaranteed loans at March 31, 2025 and December 31, 2024, respectively.

(2)Non-performing 1-4 family owner occupied – non jumbo loans exclude $1.938 million and $1.785 million of government guaranteed loans at March 31, 2025 and December 31, 2024, respectively.

Amortized Cost of Collateral-dependent Loans by Class

The amortized cost of collateral-dependent loans by class follows:


	Collateral Type				Allowance for Credit Losses
	Real Estate		Other (1)
	(In thousands)
March 31, 2025
Commercial
Commercial and industrial	$	749	$	12,622	$	2,836
Commercial real estate	1,211		—		213
Mortgage
1-4 family owner occupied - jumbo	1,480		—		—
1-4 family owner occupied - non-jumbo	2,753		—		351
1-4 family non-owner occupied	182		—		12
1-4 family - 2nd lien	717		—		62
Resort lending	143		—		51
Installment
Boat lending	—		169		60
Recreational vehicle lending	—		266		94
Other	—		107		38
Total	$	7,235	$	13,164	$	3,717

Accrued interest excluded from total	$	7	$	63

December 31, 2024
Commercial
Commercial and industrial	$	686	$	5,166	$	1,647
Commercial real estate	817		—		3
Mortgage
1-4 family owner occupied - jumbo	1,480		—		—
1-4 family owner occupied - non-jumbo	2,903		—		347
1-4 family non-owner occupied	—		—		—
1-4 family - 2nd lien	510		—		94
Resort lending	143		—		51
Installment
Boat lending	—		87		31
Recreational vehicle lending	—		266		94
Other	—		92		33
Total	$	6,539	$	5,611	$	2,300

Accrued interest excluded from total	$	5	$	34

(1) Commercial and industrial loan collateral generally includes machinery and equipment, accounts receivable, and inventory.

Aging Analysis of Loans by Class

An aging analysis of loans by class follows:


	Loans Past Due								Loans not Past Due		Total Loans
	30-59 days		60-89 days		90+ days		Total
	(In thousands)
March 31, 2025
Commercial
Commercial and industrial	$	—	$	—	$	127	$	127	$	1,055,007	$	1,055,134
Commercial real estate	—		—		—		—		937,053		937,053
Mortgage
1-4 family owner occupied - jumbo	661		—		1,480		2,141		875,597		877,738
1-4 family owner occupied - non-jumbo	977		1,356		1,266		3,599		289,805		293,404
1-4 family non-owner occupied	101		26		149		276		171,902		172,178
1-4 family - 2nd lien	460		90		717		1,267		138,767		140,034
Resort lending	—		—		143		143		29,310		29,453
Installment
Boat lending	465		68		169		702		258,795		259,497
Recreational vehicle lending	647		83		266		996		214,946		215,942
Other	223		118		45		386		91,872		92,258
Total	$	3,534	$	1,741	$	4,362	$	9,637	$	4,063,054	$	4,072,691

Accrued interest excluded from total	$	37	$	18	$	—	$	55	$	13,368	$	13,423

December 31, 2024
Commercial
Commercial and industrial	$	78	$	—	$	54	$	132	$	1,001,197	$	1,001,329
Commercial real estate	—		—		—		—		936,035		936,035
Mortgage
1-4 family owner occupied - jumbo	755		664		1,480		2,899		872,652		875,551
1-4 family owner occupied - non-jumbo	3,395		1,653		1,201		6,249		292,893		299,142
1-4 family non-owner occupied	329		—		—		329		176,621		176,950
1-4 family - 2nd lien	648		66		345		1,059		132,888		133,947
Resort lending	—		—		143		143		30,993		31,136
Installment
Boat lending	281		99		87		467		263,874		264,341
Recreational vehicle lending	622		395		190		1,207		223,330		224,537
Other	231		158		25		414		95,443		95,857
Total	$	6,339	$	3,035	$	3,525	$	12,899	$	4,025,926	$	4,038,825
Accrued interest excluded from total	$	65	$	44	$	—	$	109	$	13,352	$	13,461

Loan Ratings by Loan Class

The following tables summarize loan ratings by loan class for our commercial portfolio loan segment at March 31, 2025 and December 31, 2024:


	Commercial
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
March 31, 2025
Commercial and industrial
Non-watch (1-6)	$	44,386	$	198,954	$	152,004	$	128,312	$	68,962	$	165,168	$	256,218	$	1,014,004
Watch (7-8)	—		1,603		2,981		1,214		3,317		8,946		9,699		27,760
Substandard Accrual (9)	—		2,533		1,959		1,370		2,636		322		4,423		13,243
Non-Accrual (10-11)	—		—		78		—		46		3		—		127
Total	$	44,386	$	203,090	$	157,022	$	130,896	$	74,961	$	174,439	$	270,340	$	1,055,134
Accrued interest excluded from total	$	161	$	643	$	546	$	346	$	170	$	682	$	1,014	$	3,562
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate
Non-watch (1-6)	$	32,280	$	147,110	$	227,350	$	168,424	$	73,328	$	195,494	$	50,866	$	894,852
Watch (7-8)	—		839		—		16,377		—		5,380		18,393		40,989
Substandard Accrual (9)	—		—		404		—		133		675		—		1,212
Non-Accrual (10-11)	—		—		—		—		—		—		—		—
Total	$	32,280	$	147,949	$	227,754	$	184,801	$	73,461	$	201,549	$	69,259	$	937,053
Accrued interest excluded from total	$	119	$	506	$	699	$	464	$	165	$	672	$	293	$	2,918
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial
Non-watch (1-6)	$	76,666	$	346,064	$	379,354	$	296,736	$	142,290	$	360,662	$	307,084	$	1,908,856
Watch (7-8)	—		2,442		2,981		17,591		3,317		14,326		28,092		68,749
Substandard Accrual (9)	—		2,533		2,363		1,370		2,769		997		4,423		14,455
Non-Accrual (10-11)	—		—		78		—		46		3		—		127
Total	$	76,666	$	351,039	$	384,776	$	315,697	$	148,422	$	375,988	$	339,599	$	1,992,187
Accrued interest excluded from total	$	280	$	1,149	$	1,245	$	810	$	335	$	1,354	$	1,307	$	6,480
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2024		2023		2022		2021		2020		Prior
	(In thousands)
December 31, 2024
Commercial and industrial
Non-watch (1-6)	$	183,261	$	137,270	$	142,630	$	71,225	$	72,928	$	106,086	$	242,573	$	955,973
Watch (7-8)	10,348		3,055		1,251		9,002		5,636		336		2,104		31,732
Substandard Accrual (9)	2,693		2,052		1,642		2,208		267		195		4,513		13,570
Non-Accrual (10-11)	—		—		—		47		—		7		—		54
Total	$	196,302	$	142,377	$	145,523	$	82,482	$	78,831	$	106,624	$	249,190	$	1,001,329
Accrued interest excluded from total	$	612	$	478	$	361	$	217	$	342	$	341	$	959	$	3,310
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	4	$	—	$	4

Commercial real estate
Non-watch (1-6)	$	142,154	$	236,390	$	153,321	$	75,053	$	49,969	$	166,966	$	72,879	$	896,732
Watch (7-8)	—		—		16,007		—		—		4,400		18,079		38,486
Substandard Accrual (9)	—		—		—		135		—		682		—		817
Non-Accrual (10-11)	—		—		—		—		—		—		—		—
Total	$	142,154	$	236,390	$	169,328	$	75,188	$	49,969	$	172,048	$	90,958	$	936,035
Accrued interest excluded from total	$	608	$	632	$	628	$	166	$	131	$	658	$	363	$	3,186
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial
Non-watch (1-6)	$	325,415	$	373,660	$	295,951	$	146,278	$	122,897	$	273,052	$	315,452	$	1,852,705
Watch (7-8)	10,348		3,055		17,258		9,002		5,636		4,736		20,183		70,218
Substandard Accrual (9)	2,693		2,052		1,642		2,343		267		877		4,513		14,387
Non-Accrual (10-11)	—		—		—		47		—		7		—		54
Total	$	338,456	$	378,767	$	314,851	$	157,670	$	128,800	$	278,672	$	340,148	$	1,937,364
Accrued interest excluded from total	$	1,220	$	1,110	$	989	$	383	$	473	$	999	$	1,322	$	6,496
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	4	$	—	$	4

For each of our mortgage and installment portfolio segment classes, we generally monitor credit quality based on the credit scores of the borrowers. These credit scores are generally updated semi-annually.

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at March 31, 2025 and December 31, 2024:


	Mortgage (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
March 31, 2025
1-4 family owner occupied - jumbo
800 and above	$	1,962	$	4,208	$	12,599	$	33,147	$	52,071	$	35,105	$	—	$	139,092
750-799	6,139		40,008		40,764		105,264		192,955		91,880		1,799		478,809
700-749	2,597		14,385		12,443		38,575		68,318		29,750		—		166,068
650-699	2,025		4,584		10,519		21,257		13,793		13,410		1,500		67,088
600-649	—		—		2,261		6,643		1,627		6,858		—		17,389
550-599	—		744		—		2,404		1,079		2,792		—		7,019
500-549	—		—		—		—		—		1,555		—		1,555
Under 500	—		—		—		—		—		718		—		718
Unknown	—		—		—		—		—		—		—		—
Total	$	12,723	$	63,929	$	78,586	$	207,290	$	329,843	$	182,068	$	3,299	$	877,738
Accrued interest excluded from total	$	51	$	315	$	392	$	627	$	730	$	491	$	30	$	2,636
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family owner occupied - non-jumbo
800 and above	$	691	$	1,631	$	3,619	$	14,202	$	8,729	$	11,851	$	4,070	$	44,793
750-799	911		10,891		9,903		26,916		21,194		36,769		10,974		117,558
700-749	2,156		3,028		7,067		12,531		9,521		26,417		4,171		64,891
650-699	7,284		893		2,533		5,458		4,857		14,673		1,944		37,642
600-649	—		419		126		720		756		8,798		181		11,000
550-599	—		—		212		366		789		4,444		40		5,851
500-549	—		87		—		1,517		942		5,914		—		8,460
Under 500	137		—		—		—		98		2,974		—		3,209
Unknown	—		—		—		—		—		—		—		—
Total	$	11,179	$	16,949	$	23,460	$	61,710	$	46,886	$	111,840	$	21,380	$	293,404
Accrued interest excluded from total	$	8	$	116	$	103	$	203	$	110	$	410	$	155	$	1,105
Current period gross charge-offs	$	—	$	—	$	—	$	19	$	—	$	5	$	—	$	24

1-4 family non-owner occupied
800 and above	$	879	$	3,726	$	1,292	$	6,539	$	12,089	$	10,562	$	708	$	35,795
750-799	1,545		11,259		12,046		13,606		24,896		25,245		2,500		91,097
700-749	1,465		3,431		3,126		6,222		6,296		7,278		1,865		29,683
650-699	239		1,014		431		297		4,084		6,150		203		12,418
600-649	—		—		—		—		—		1,373		58		1,431
550-599	—		—		33		—		—		890		—		923
500-549	—		—		—		368		51		217		—		636
Under 500	—		—		—		—		—		195		—		195
Unknown	—		—		—		—		—		—		—		—
Total	$	4,128	$	19,430	$	16,928	$	27,032	$	47,416	$	51,910	$	5,334	$	172,178
Accrued interest excluded from total	$	14	$	102	$	77	$	113	$	130	$	208	$	35	$	679
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Mortgage - continued (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
March 31, 2025 - continued
1-4 family - 2nd lien
800 and above	$	461	$	499	$	247	$	185	$	181	$	1,938	$	12,549	$	16,060
750-799	1,230		2,981		2,546		2,088		2,862		4,760		48,190		64,657
700-749	743		1,281		904		1,904		1,385		2,957		28,255		37,429
650-699	35		460		605		664		350		1,466		11,335		14,915
600-649	—		25		39		202		195		989		1,941		3,391
550-599	—		—		297		37		50		375		519		1,278
500-549	—		—		158		115		95		760		807		1,935
Under 500	—		—		—		18		—		347		4		369
Unknown	—		—		—		—		—		—		—		—
Total	$	2,469	$	5,246	$	4,796	$	5,213	$	5,118	$	13,592	$	103,600	$	140,034
Accrued interest excluded from total	$	8	$	19	$	17	$	18	$	12	$	45	$	683	$	802
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Resort lending
800 and above	$	—	$	—	$	—	$	—	$	531	$	3,705	$	—	$	4,236
750-799	—		—		39		351		734		13,161		—		14,285
700-749	—		—		—		267		—		4,640		—		4,907
650-699	—		—		—		—		—		4,811		—		4,811
600-649	—		—		—		—		—		1,037		—		1,037
550-599	—		—		—		—		—		91		—		91
500-549	—		—		—		—		—		86		—		86
Under 500	—		—		—		—		—		—		—		—
Unknown	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	39	$	618	$	1,265	$	27,531	$	—	$	29,453
Accrued interest excluded from total	$	—	$	—	$	—	$	4	$	3	$	145	$	—	$	152
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Mortgage
800 and above	$	3,993	$	10,064	$	17,757	$	54,073	$	73,601	$	63,161	$	17,327	$	239,976
750-799	9,825		65,139		65,298		148,225		242,641		171,815		63,463		766,406
700-749	6,961		22,125		23,540		59,499		85,520		71,042		34,291		302,978
650-699	9,583		6,951		14,088		27,676		23,084		40,510		14,982		136,874
600-649	—		444		2,426		7,565		2,578		19,055		2,180		34,248
550-599	—		744		542		2,807		1,918		8,592		559		15,162
500-549	—		87		158		2,000		1,088		8,532		807		12,672
Under 500	137		—		—		18		98		4,234		4		4,491
Unknown	—		—		—		—		—		—		—		—
Total	$	30,499	$	105,554	$	123,809	$	301,863	$	430,528	$	386,941	$	133,613	$	1,512,807
Accrued interest excluded from total	$	81	$	552	$	589	$	965	$	985	$	1,299	$	903	$	5,374
Current period gross charge-offs	$	—	$	—	$	—	$	19	$	—	$	5	$	—	$	24


	Mortgage (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2024		2023		2022		2021		2020		Prior
	(In thousands)
December 31, 2024
1-4 family owner occupied - jumbo
800 and above	$	5,009	$	12,192	$	37,147	$	51,242	$	22,126	$	14,291	$	—	$	142,007
750-799	33,118		43,013		106,378		194,725		58,703		35,103		1,275		472,315
700-749	13,981		13,602		40,219		68,687		17,552		11,669		450		166,160
650-699	4,537		10,286		19,366		15,736		6,937		6,555		1,500		64,917
600-649	—		2,265		9,528		1,636		2,288		4,619		—		20,336
550-599	746		—		2,414		1,086		2,803		—		—		7,049
500-549	—		—		—		—		900		664		—		1,564
Under 500	—		485		—		—		—		718		—		1,203
Unknown	—		—		—		—		—		—		—		—
Total	$	57,391	$	81,843	$	215,052	$	333,112	$	111,309	$	73,619	$	3,225	$	875,551
Accrued interest excluded from total	$	264	$	377	$	634	$	712	$	264	$	238	$	31	$	2,520
Current period gross charge-offs	$	—	$	—	$	22	$	—	$	—	$	—	$	—	$	22

1-4 family owner occupied - non-jumbo
800 and above	$	1,919	$	2,113	$	14,018	$	8,928	$	3,089	$	9,138	$	4,066	$	43,271
750-799	12,472		10,604		26,405		21,548		14,028		23,586		10,429		119,072
700-749	7,927		7,110		12,810		9,598		5,492		21,692		4,231		68,860
650-699	8,258		2,758		5,586		4,885		2,262		12,820		1,848		38,417
600-649	682		126		1,001		762		2,459		6,757		180		11,967
550-599	—		213		365		794		996		3,438		40		5,846
500-549	87		—		1,523		948		278		5,780		—		8,616
Under 500	—		—		—		98		652		2,343		—		3,093
Unknown	—		—		—		—		—		—		—		—
Total	$	31,345	$	22,924	$	61,708	$	47,561	$	29,256	$	85,554	$	20,794	$	299,142
Accrued interest excluded from total	$	105	$	139	$	195	$	113	$	77	$	368	$	163	$	1,160
Current period gross charge-offs	$	—	$	—	$	—	$	23	$	—	$	22	$	—	$	45

1-4 family non-owner occupied
800 and above	$	4,122	$	1,557	$	7,468	$	12,757	$	4,204	$	6,975	$	897	$	37,980
750-799	11,433		12,831		15,929		25,543		9,920		16,439		2,539		94,634
700-749	3,372		3,218		6,289		6,401		1,308		6,131		2,072		28,791
650-699	1,016		431		297		4,115		2,552		3,560		332		12,303
600-649	—		—		—		—		410		930		108		1,448
550-599	—		38		—		—		—		919		—		957
500-549	—		—		369		51		—		221		—		641
Under 500	—		—		—		—		—		196		—		196
Unknown	—		—		—		—		—		—		—		—
Total	$	19,943	$	18,075	$	30,352	$	48,867	$	18,394	$	35,371	$	5,948	$	176,950
Accrued interest excluded from total	$	84	$	85	$	119	$	134	$	48	$	166	$	44	$	680
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	158	$	—	$	158


	Mortgage - continued (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2024		2023		2022		2021		2020		Prior
	(In thousands)
December 31, 2024 - (continued)
1-4 family - 2nd lien
800 and above	$	751	$	249	$	219	$	185	$	1,161	$	859	$	12,245	$	15,669
750-799	3,209		2,717		2,290		3,065		1,604		3,825		44,896		61,606
700-749	1,358		942		1,898		1,239		932		2,123		26,687		35,179
650-699	268		450		655		313		251		1,385		10,979		14,301
600-649	—		39		204		197		328		769		2,084		3,621
550-599	—		297		37		51		—		357		512		1,254
500-549	—		59		101		95		—		768		919		1,942
Under 500	—		—		20		—		—		350		5		375
Unknown	—		—		—		—		—		—		—		—
Total	$	5,586	$	4,753	$	5,424	$	5,145	$	4,276	$	10,436	$	98,327	$	133,947
Accrued interest excluded from total	$	19	$	23	$	18	$	11	$	13	$	42	$	720	$	846
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3	$	22	$	25

Resort lending
800 and above	$	—	$	—	$	—	$	534	$	—	$	4,079	$	—	$	4,613
750-799	—		39		639		740		724		12,845		—		14,987
700-749	—		—		268		—		212		4,851		—		5,331
650-699	—		—		—		—		354		4,622		—		4,976
600-649	—		—		—		—		—		1,051		—		1,051
550-599	—		—		—		—		—		92		—		92
500-549	—		—		—		—		—		86		—		86
Under 500	—		—		—		—		—		—		—		—
Unknown	—		—		—		—		—		—		—		—
Total	$	—	$	39	$	907	$	1,274	$	1,290	$	27,626	$	—	$	31,136
Accrued interest excluded from total	$	—	$	—	$	4	$	3	$	4	$	140	$	—	$	151
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	50	$	—	$	50

Total Mortgage
800 and above	$	11,801	$	16,111	$	58,852	$	73,646	$	30,580	$	35,342	$	17,208	$	243,540
750-799	60,232		69,204		151,641		245,621		84,979		91,798		59,139		762,614
700-749	26,638		24,872		61,484		85,925		25,496		46,466		33,440		304,321
650-699	14,079		13,925		25,904		25,049		12,356		28,942		14,659		134,914
600-649	682		2,430		10,733		2,595		5,485		14,126		2,372		38,423
550-599	746		548		2,816		1,931		3,799		4,806		552		15,198
500-549	87		59		1,993		1,094		1,178		7,519		919		12,849
Under 500	—		485		20		98		652		3,607		5		4,867
Unknown	—		—		—		—		—		—		—		—
Total	$	114,265	$	127,634	$	313,443	$	435,959	$	164,525	$	232,606	$	128,294	$	1,516,726
Accrued interest excluded from total	$	472	$	624	$	970	$	973	$	406	$	954	$	958	$	5,357
Current period gross charge-offs	$	—	$	—	$	22	$	23	$	—	$	233	$	22	$	300

(1)Credit scores have been updated within the last twelve months.


	Installment (1)
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Total
	(In thousands)
March 31, 2025
Boat lending
800 and above	$	1,690	$	5,614	$	6,513	$	7,464	$	7,165	$	12,001	$	40,447
750-799	3,764		25,378		27,637		27,386		23,909		36,153		144,227
700-749	1,719		11,148		8,986		10,919		9,550		12,755		55,077
650-699	206		2,691		2,482		2,466		2,340		4,099		14,284
600-649	—		494		434		1,084		357		887		3,256
550-599	—		—		212		448		386		332		1,378
500-549	—		26		—		121		195		362		704
Under 500	—		—		35		13		—		76		124
Unknown	—		—		—		—		—		—		—
Total	$	7,379	$	45,351	$	46,299	$	49,901	$	43,902	$	66,665	$	259,497
Accrued interest excluded from total	$	31	$	180	$	174	$	115	$	99	$	140	$	739
Current period gross charge-offs	$	—	$	—	$	—	$	14	$	—	$	19	$	33

Recreational vehicle lending
800 and above	$	260	$	1,212	$	4,044	$	11,374	$	9,395	$	9,882	$	36,167
750-799	1,100		9,895		10,618		32,173		31,008		22,344		107,138
700-749	163		5,292		4,851		13,656		14,937		9,203		48,102
650-699	59		897		1,879		4,077		5,176		2,778		14,866
600-649	—		264		615		1,172		2,158		879		5,088
550-599	—		40		256		437		1,019		503		2,255
500-549	—		49		169		591		714		333		1,856
Under 500	—		—		66		154		171		79		470
Unknown	—		—		—		—		—		—		—
Total	$	1,582	$	17,649	$	22,498	$	63,634	$	64,578	$	46,001	$	215,942
Accrued interest excluded from total	$	7	$	67	$	81	$	153	$	145	$	103	$	556
Current period gross charge-offs	$	—	$	—	$	—	$	76	$	72	$	50	$	198

Other
800 and above	$	475	$	1,119	$	1,180	$	1,547	$	780	$	1,235	$	6,336
750-799	1,822		9,045		7,192		6,447		4,179		5,823		34,508
700-749	9,546		5,663		4,555		3,827		2,543		4,166		30,300
650-699	8,738		1,914		1,423		1,517		876		1,607		16,075
600-649	105		496		450		476		243		424		2,194
550-599	—		73		204		236		180		207		900
500-549	—		—		133		271		218		168		790
Under 500	—		10		15		54		44		51		174
Unknown	981		—		—		—		—		—		981
Total	$	21,667	$	18,320	$	15,152	$	14,375	$	9,063	$	13,681	$	92,258
Accrued interest excluded from total	$	16	$	78	$	59	$	35	$	20	$	66	$	274
Current period gross charge-offs	$	310	$	—	$	6	$	31	$	2	$	14	$	363


	Installment (1)
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Total
	(In thousands)
March 31, 2025 - continued
Total installment
800 and above	$	2,425	$	7,945	$	11,737	$	20,385	$	17,340	$	23,118	$	82,950
750-799	6,686		44,318		45,447		66,006		59,096		64,320		285,873
700-749	11,428		22,103		18,392		28,402		27,030		26,124		133,479
650-699	9,003		5,502		5,784		8,060		8,392		8,484		45,225
600-649	105		1,254		1,499		2,732		2,758		2,190		10,538
550-599	—		113		672		1,121		1,585		1,042		4,533
500-549	—		75		302		983		1,127		863		3,350
Under 500	—		10		116		221		215		206		768
Unknown	981		—		—		—		—		—		981
Total	$	30,628	$	81,320	$	83,949	$	127,910	$	117,543	$	126,347	$	567,697
Accrued interest excluded from total	$	54	$	325	$	314	$	303	$	264	$	309	$	1,569
Current period gross charge-offs	$	310	$	—	$	6	$	121	$	74	$	83	$	594


	Installment - continued (1)
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Total
	(In thousands)
December 31, 2024
Boat lending
800 and above	$	6,125	$	6,702	$	8,231	$	7,492	$	3,512	$	9,079	$	41,141
750-799	26,320		29,173		28,608		24,858		11,604		26,792		147,355
700-749	11,397		9,487		11,342		9,807		4,177		9,137		55,347
650-699	2,722		2,888		2,516		2,419		1,191		3,111		14,847
600-649	504		438		1,104		364		148		775		3,333
550-599	—		215		464		394		76		301		1,450
500-549	27		—		135		199		140		238		739
Under 500	—		35		14		—		—		80		129
Unknown	—		—		—		—		—		—		—
Total	$	47,095	$	48,938	$	52,414	$	45,533	$	20,848	$	49,513	$	264,341
Accrued interest excluded from total	$	179	$	178	$	124	$	104	$	50	$	101	$	736
Current period gross charge-offs	$	8	$	8	$	71	$	8	$	49	$	55	$	199

Recreational vehicle lending
800 and above	$	1,365	$	4,270	$	11,721	$	9,776	$	3,382	$	7,262	$	37,776
750-799	10,528		11,173		33,140		32,266		9,398		14,656		111,161
700-749	5,402		5,230		14,093		15,336		4,177		5,500		49,738
650-699	965		1,949		4,278		5,357		1,249		1,836		15,634
600-649	268		697		1,213		2,364		407		502		5,451
550-599	41		183		443		1,075		135		415		2,292
500-549	50		172		638		745		161		207		1,973
Under 500	—		67		156		207		19		63		512
Unknown	—		—		—		—		—		—		—
Total	$	18,619	$	23,741	$	65,682	$	67,126	$	18,928	$	30,441	$	224,537
Accrued interest excluded from total	$	69	$	89	$	156	$	154	$	41	$	67	$	576
Current period gross charge-offs	$	—	$	42	$	321	$	419	$	42	$	110	$	934

Other
800 and above	$	1,342	$	1,323	$	1,788	$	938	$	639	$	831	$	6,861
750-799	9,938		8,029		7,208		4,732		2,013		4,375		36,295
700-749	14,512		4,941		4,232		2,829		1,292		3,278		31,084
650-699	10,551		1,633		1,689		979		430		1,293		16,575
600-649	537		476		522		294		59		418		2,306
550-599	80		211		271		210		21		210		1,003
500-549	—		149		301		229		92		93		864
Under 500	11		17		58		49		3		50		188
Unknown	681		—		—		—		—		—		681
Total	$	37,652	$	16,779	$	16,069	$	10,260	$	4,549	$	10,548	$	95,857
Accrued interest excluded from total	$	96	$	65	$	40	$	22	$	10	$	63	$	296
Current period gross charge-offs	$	1,829	$	98	$	106	$	27	$	8	$	103	$	2,171

Total installment
800 and above	$	8,832	$	12,295	$	21,740	$	18,206	$	7,533	$	17,172	$	85,778
750-799	46,786		48,375		68,956		61,856		23,015		45,823		294,811
700-749	31,311		19,658		29,667		27,972		9,646		17,915		136,169
650-699	14,238		6,470		8,483		8,755		2,870		6,240		47,056
600-649	1,309		1,611		2,839		3,022		614		1,695		11,090
550-599	121		609		1,178		1,679		232		926		4,745
500-549	77		321		1,074		1,173		393		538		3,576
Under 500	11		119		228		256		22		193		829
Unknown	681		—		—		—		—		—		681
Total	$	103,366	$	89,458	$	134,165	$	122,919	$	44,325	$	90,502	$	584,735
Accrued interest excluded from total	$	344	$	332	$	320	$	280	$	101	$	231	$	1,608
Current period gross charge-offs	$	1,837	$	148	$	498	$	454	$	99	$	268	$	3,304

(1)Credit scores have been updated within the last twelve months.

Accumulated Other Comprehensive Loss ("AOCL") - Summary of Changes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Changes in AOCIL [Roll Forward]
Balances at beginning of period	$ 454,686	$ 404,449
Other comprehensive income (loss) before reclassifications	2,265	90
Amounts reclassified from AOCL	596	423
Other comprehensive income	2,861	513
Balances at end of period	467,277	415,570
Accumulated Other Comprehensive Loss
Changes in AOCIL [Roll Forward]
Balances at beginning of period	(69,944)	(72,142)
Other comprehensive income	2,861	513
Balances at end of period	(67,083)	(71,629)
Unrealized Losses on Securities AFS
Changes in AOCIL [Roll Forward]
Balances at beginning of period	(49,301)	(51,113)
Other comprehensive income (loss) before reclassifications	1,260	1,203
Amounts reclassified from AOCL	261	213
Other comprehensive income	1,521	1,416
Balances at end of period	(47,780)	(49,697)
Unrealized losses on securities transferred to securities HTM
Changes in AOCIL [Roll Forward]
Balances at beginning of period	(12,775)	(15,408)
Other comprehensive income (loss) before reclassifications	637	648
Amounts reclassified from AOCL	0	0
Other comprehensive income	637	648
Balances at end of period	(12,138)	(14,760)
Dispropor- tionate Tax Effects from Securities AFS
Changes in AOCIL [Roll Forward]
Balances at beginning of period	(5,798)	(5,798)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from AOCL	0	0
Other comprehensive income	0	0
Balances at end of period	(5,798)	(5,798)
Unrealized Gains (Losses) on Derivative Instruments
Changes in AOCIL [Roll Forward]
Balances at beginning of period	(2,070)	177
Other comprehensive income (loss) before reclassifications	368	(1,761)
Amounts reclassified from AOCL	335	210
Other comprehensive income	703	(1,551)
Balances at end of period	$ (1,367)	$ (1,374)

Fair Value Disclosures - Significant Assumptions (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets [Abstract]
Securities available for sale	$ 529,676	$ 559,182
Loans held for sale, carried at fair value	9,514	7,643
U.S. agency
Assets [Abstract]
Securities available for sale	8,674	8,159
U.S. agency residential mortgage-backed
Assets [Abstract]
Securities available for sale	69,582	71,137
U.S. agency commercial mortgage-backed
Assets [Abstract]
Securities available for sale	11,276	11,641
Private label mortgage-backed
Assets [Abstract]
Securities available for sale	49,259	70,035
Other asset backed
Assets [Abstract]
Securities available for sale	36,036	38,516
Obligations of states and political subdivisions
Assets [Abstract]
Securities available for sale	284,250	288,791
Corporate
Assets [Abstract]
Securities available for sale	69,620	69,921
Trust preferred
Assets [Abstract]
Securities available for sale	979	982
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets [Abstract]
Securities available for sale	0	0
Derivative financial instruments	0	0
Liabilities
Derivatives	0	0
Significant Other Observable Inputs (Level 2)
Assets [Abstract]
Securities available for sale	529,676	559,182
Derivative financial instruments	33,631	37,059
Liabilities
Derivatives	18,699	18,623
Significant Un- observable Inputs (Level 3)
Assets [Abstract]
Securities available for sale	0	0
Derivative financial instruments	0	0
Liabilities
Derivatives	0	0
Measured at Fair Value on a Recurring Basis
Assets [Abstract]
Loans held for sale, carried at fair value	9,514	7,643
Capitalized mortgage loan servicing rights	32,171	46,796
Derivative financial instruments	33,631	37,059
Liabilities
Derivatives	18,699	18,623
Measured at Fair Value on a Recurring Basis \| U.S. agency
Assets [Abstract]
Securities available for sale	8,674	8,159
Measured at Fair Value on a Recurring Basis \| U.S. agency residential mortgage-backed
Assets [Abstract]
Securities available for sale	69,582	71,137
Measured at Fair Value on a Recurring Basis \| U.S. agency commercial mortgage-backed
Assets [Abstract]
Securities available for sale	11,276	11,641
Measured at Fair Value on a Recurring Basis \| Private label mortgage-backed
Assets [Abstract]
Securities available for sale	49,259	70,035
Measured at Fair Value on a Recurring Basis \| Other asset backed
Assets [Abstract]
Securities available for sale	36,036	38,516
Measured at Fair Value on a Recurring Basis \| Obligations of states and political subdivisions
Assets [Abstract]
Securities available for sale	284,250	288,791
Measured at Fair Value on a Recurring Basis \| Corporate
Assets [Abstract]
Securities available for sale	69,620	69,921
Measured at Fair Value on a Recurring Basis \| Trust preferred
Assets [Abstract]
Securities available for sale	979	982
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets [Abstract]
Loans held for sale, carried at fair value	0	0
Capitalized mortgage loan servicing rights	0	0
Derivative financial instruments	0	0
Liabilities
Derivatives	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| U.S. agency
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| U.S. agency residential mortgage-backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| U.S. agency commercial mortgage-backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Private label mortgage-backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Other asset backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Obligations of states and political subdivisions
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Corporate
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Trust preferred
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2)
Assets [Abstract]
Loans held for sale, carried at fair value	9,514	7,643
Capitalized mortgage loan servicing rights	0	0
Derivative financial instruments	33,631	37,059
Liabilities
Derivatives	18,699	18,623
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| U.S. agency
Assets [Abstract]
Securities available for sale	8,674	8,159
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| U.S. agency residential mortgage-backed
Assets [Abstract]
Securities available for sale	69,582	71,137
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| U.S. agency commercial mortgage-backed
Assets [Abstract]
Securities available for sale	11,276	11,641
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| Private label mortgage-backed
Assets [Abstract]
Securities available for sale	49,259	70,035
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| Other asset backed
Assets [Abstract]
Securities available for sale	36,036	38,516
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| Obligations of states and political subdivisions
Assets [Abstract]
Securities available for sale	284,250	288,791
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| Corporate
Assets [Abstract]
Securities available for sale	69,620	69,921
Measured at Fair Value on a Recurring Basis \| Significant Other Observable Inputs (Level 2) \| Trust preferred
Assets [Abstract]
Securities available for sale	979	982
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3)
Assets [Abstract]
Loans held for sale, carried at fair value	0	0
Capitalized mortgage loan servicing rights	32,171	46,796
Derivative financial instruments	0	0
Liabilities
Derivatives	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| U.S. agency
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| U.S. agency residential mortgage-backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| U.S. agency commercial mortgage-backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| Private label mortgage-backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| Other asset backed
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| Obligations of states and political subdivisions
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| Corporate
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Recurring Basis \| Significant Un- observable Inputs (Level 3) \| Trust preferred
Assets [Abstract]
Securities available for sale	0	0
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Commercial \| Commercial and industrial
Assets
Loans receivable, fair value disclosure	3,802	4,205
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Commercial \| Commercial real estate
Assets
Loans receivable, fair value disclosure	323	132
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Mortgage \| 1-4 family owner occupied - non-jumbo
Assets
Loans receivable, fair value disclosure	634	627
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Mortgage \| 1-4 family non-owner occupied
Assets
Loans receivable, fair value disclosure	21
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Mortgage \| 1-4 family - 2nd lien
Assets
Loans receivable, fair value disclosure	112	170
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Mortgage \| Resort lending
Assets
Loans receivable, fair value disclosure	92	92
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Installment \| Boat lending
Assets
Loans receivable, fair value disclosure	109	56
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Installment \| Recreational vehicle lending
Assets
Loans receivable, fair value disclosure	172	172
Measured at Fair Value on a Non-recurring Basis: \| Collateral dependent loans \| Installment \| Other
Assets
Loans receivable, fair value disclosure	69	59
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Commercial \| Commercial and industrial
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Commercial \| Commercial real estate
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Mortgage \| 1-4 family owner occupied - non-jumbo
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Mortgage \| 1-4 family non-owner occupied
Assets
Loans receivable, fair value disclosure	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Mortgage \| 1-4 family - 2nd lien
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Mortgage \| Resort lending
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Installment \| Boat lending
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Installment \| Recreational vehicle lending
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Quoted Prices in Active Markets for Identical Assets (Level 1) \| Collateral dependent loans \| Installment \| Other
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Commercial \| Commercial and industrial
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Commercial \| Commercial real estate
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Mortgage \| 1-4 family owner occupied - non-jumbo
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Mortgage \| 1-4 family non-owner occupied
Assets
Loans receivable, fair value disclosure	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Mortgage \| 1-4 family - 2nd lien
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Mortgage \| Resort lending
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Installment \| Boat lending
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Installment \| Recreational vehicle lending
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Other Observable Inputs (Level 2) \| Collateral dependent loans \| Installment \| Other
Assets
Loans receivable, fair value disclosure	0	0
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Commercial \| Commercial and industrial
Assets
Loans receivable, fair value disclosure	3,802	4,205
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Commercial \| Commercial real estate
Assets
Loans receivable, fair value disclosure	323	132
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Mortgage \| 1-4 family owner occupied - non-jumbo
Assets
Loans receivable, fair value disclosure	634	627
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Mortgage \| 1-4 family non-owner occupied
Assets
Loans receivable, fair value disclosure	21
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Mortgage \| 1-4 family - 2nd lien
Assets
Loans receivable, fair value disclosure	112	170
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Mortgage \| Resort lending
Assets
Loans receivable, fair value disclosure	92	92
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Installment \| Boat lending
Assets
Loans receivable, fair value disclosure	109	56
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Installment \| Recreational vehicle lending
Assets
Loans receivable, fair value disclosure	172	172
Measured at Fair Value on a Non-recurring Basis: \| Significant Un- observable Inputs (Level 3) \| Collateral dependent loans \| Installment \| Other
Assets
Loans receivable, fair value disclosure	$ 69	$ 59

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets
Securities held-to-maturity, fair value	$ 302,579	$ 301,860
Shareholders’ Equity
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	200,000	200,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	20,970,115	20,895,714
Common stock, shares outstanding (in shares)	20,970,115	20,895,714

Loans - Amortized Cost of Collateral-dependent Loans by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 4,072,691	$ 4,038,825
Allowance for Credit Losses	60,035	59,379	$ 56,313	$ 54,658
Accrued interest excluded from total	13,423	13,461
Real Estate
Financing Receivable, Past Due [Line Items]
Loans	7,235	6,539
Accrued interest excluded from total	7	5
Other (1)
Financing Receivable, Past Due [Line Items]
Loans	13,164	5,611
Accrued interest excluded from total	63	34
Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	3,717	2,300
Commercial
Financing Receivable, Past Due [Line Items]
Loans	1,992,187	1,937,364
Allowance for Credit Losses	24,297	22,872	18,982	16,724
Accrued interest excluded from total	6,480	6,496
Commercial \| Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans	1,055,134	1,001,329
Accrued interest excluded from total	3,562	3,310
Commercial \| Commercial and industrial \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	749	686
Commercial \| Commercial and industrial \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	12,622	5,166
Commercial \| Commercial and industrial \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	2,836	1,647
Commercial \| Commercial real estate
Financing Receivable, Past Due [Line Items]
Loans	937,053	936,035
Accrued interest excluded from total	2,918	3,186
Commercial \| Commercial real estate \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	1,211	817
Commercial \| Commercial real estate \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial \| Commercial real estate \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	213	3
Mortgage
Financing Receivable, Past Due [Line Items]
Loans	1,512,807	1,516,726
Allowance for Credit Losses	20,036	22,317	20,903	21,386
Accrued interest excluded from total	5,374	5,357
Mortgage \| 1-4 family owner occupied - jumbo
Financing Receivable, Past Due [Line Items]
Loans	877,738	875,551
Accrued interest excluded from total	2,636	2,520
Mortgage \| 1-4 family owner occupied - jumbo \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	1,480	1,480
Mortgage \| 1-4 family owner occupied - jumbo \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	0	0
Mortgage \| 1-4 family owner occupied - jumbo \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	0	0
Mortgage \| 1-4 family owner occupied - non-jumbo
Financing Receivable, Past Due [Line Items]
Loans	293,404	299,142
Accrued interest excluded from total	1,105	1,160
Mortgage \| 1-4 family owner occupied - non-jumbo \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	2,753	2,903
Mortgage \| 1-4 family owner occupied - non-jumbo \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	0	0
Mortgage \| 1-4 family owner occupied - non-jumbo \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	351	347
Mortgage \| 1-4 family non-owner occupied
Financing Receivable, Past Due [Line Items]
Loans	172,178	176,950
Accrued interest excluded from total	679	680
Mortgage \| 1-4 family non-owner occupied \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	182	0
Mortgage \| 1-4 family non-owner occupied \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	0	0
Mortgage \| 1-4 family non-owner occupied \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	12	0
Mortgage \| 1-4 family - 2nd lien
Financing Receivable, Past Due [Line Items]
Loans	140,034	133,947
Accrued interest excluded from total	802	846
Mortgage \| 1-4 family - 2nd lien \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	717	510
Mortgage \| 1-4 family - 2nd lien \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	0	0
Mortgage \| 1-4 family - 2nd lien \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	62	94
Mortgage \| Resort lending
Financing Receivable, Past Due [Line Items]
Loans	29,453	31,136
Accrued interest excluded from total	152	151
Mortgage \| Resort lending \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	143	143
Mortgage \| Resort lending \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	0	0
Mortgage \| Resort lending \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	51	51
Installment
Financing Receivable, Past Due [Line Items]
Loans	567,697	584,735
Allowance for Credit Losses	2,887	3,040	$ 3,836	$ 4,126
Accrued interest excluded from total	1,569	1,608
Installment \| Boat lending
Financing Receivable, Past Due [Line Items]
Loans	259,497	264,341
Accrued interest excluded from total	739	736
Installment \| Boat lending \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	0	0
Installment \| Boat lending \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	169	87
Installment \| Boat lending \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	60	31
Installment \| Recreational vehicle lending
Financing Receivable, Past Due [Line Items]
Loans	215,942	224,537
Accrued interest excluded from total	556	576
Installment \| Recreational vehicle lending \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	0	0
Installment \| Recreational vehicle lending \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	266	266
Installment \| Recreational vehicle lending \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	94	94
Installment \| Other
Financing Receivable, Past Due [Line Items]
Loans	92,258	95,857
Accrued interest excluded from total	274	296
Installment \| Other \| Real Estate
Financing Receivable, Past Due [Line Items]
Loans	0	0
Installment \| Other \| Other (1)
Financing Receivable, Past Due [Line Items]
Loans	107	92
Installment \| Other \| Allowance for Credit Losses
Financing Receivable, Past Due [Line Items]
Allowance for Credit Losses	$ 38	$ 33

Loans

3 Months Ended

Mar. 31, 2025

Receivables [Abstract]

Loans

We estimate the ACL based on relevant available information from both internal and external sources, including historical loss trends, current conditions and forecasts, specific analysis of individual loans, and other relevant and appropriate factors. The allowance process is designed to provide for expected future losses based on our reasonable and supportable (“R&S”) forecast as of the reporting date. Our ACL process is administered by our Risk Management group utilizing a third party software solution, with significant input and ultimate approval from our Executive Enterprise Risk Committee. Further, we have established a current expected credit loss ("CECL") Forecast Committee, which includes a cross discipline structure with membership from Executive Management, Risk Management, Credit Administration and Accounting, which approves ACL model assumptions each quarter. Our ACL is comprised of three principal elements: (i) specific analysis of individual loans identified during the review of the loan portfolio, (ii) pooled analysis of loans with similar risk characteristics based on historical experience, adjusted for current conditions, R&S forecasts, and expected prepayments, and (iii) additional allowances based on subjective factors, including local and general economic business factors and trends, portfolio concentrations and changes in the size and/or the general terms of the loan portfolio.

The first ACL element (specific allocations) includes loans that do not share similar risk characteristics and are evaluated on an individual basis. We will typically evaluate on an individual basis loans that are on nonaccrual; commercial loans that have been modified resulting in a concession, for which the borrower is experiencing financial difficulties, and which are considered loan modifications or with well defined weaknesses; and severely delinquent mortgage and installment loans. When we determine that foreclosure is probable or when repayment is expected to be provided substantially through the operation or sale of underlying collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for estimated selling costs. For loans evaluated on an individual basis that are not determined to be collateral dependent, a discounted cash flow analysis is performed to determine expected credit losses.

The second ACL element (pooled analysis) includes loans with similar risk characteristics, which are broken down by segment, class, and risk metric. The Bank’s primary segments of commercial, mortgage, and installment loans are further classified by other relevant attributes, such as collateral type, lien position, occupancy status, amortization method, and balance size. Commercial classes are additionally segmented by risk rating, and mortgage and installment loan classes by credit score tier, which are updated at least semi-annually.

We utilize a discounted cash flow (“DCF”) model to estimate expected future losses for pooled loans. Expected future cash flows are developed from payment schedules over the contractual term, adjusted for forecasted default (probability of default), loss, and prepayment assumptions. We are not required to develop forecasts over the full contractual term of the financial asset or group of financial assets. Rather, for periods beyond which we are able to make or obtain R&S forecasts of expected credit losses, we revert to the long term average on a straight line or immediate basis, as determined by our CECL Forecast Committee, and which may vary depending on the economic outlook and uncertainty.

The DCF model for the mortgage and installment pooled loan segments includes using probability of default (“PD”) assumptions that are derived through regression analysis with forecasted US unemployment levels by credit score tier. We review a composite forecast of approximately 50 analysts as well as the Federal Open Market Committee (“FOMC”) projections in setting the unemployment forecast for the R&S period. The current ACL utilizes a one year R&S forecast followed by immediate reversion to the 75 year average unemployment rate. PD assumptions for the remaining segments are based primarily on historical rates by risk metric as defaults were not strongly correlated with any economic indicator. Loss given default (“LGD”) assumptions for the mortgage loan segment are based on a two year forecast followed by a two year straight line reversion period to the longer term average, while LGD rates for the remaining segments are the historical average for the entire period. Prepayment assumptions represent average rates per segment for a period determined by the CECL Forecast Committee and as calculated through the Bank’s Asset and Liability Management program.

Pooled reserves for the commercial loan segment are calculated using the DCF model with assumptions generally based on historical averages by class and risk rating. Effective risk rating practices allow for strong predictability of defaults and losses over the portfolio’s expected shorter duration, relative to mortgage and installment loans. Our rating system is similar to those employed by state and federal banking regulators.

The third ACL element (additional allocations based on subjective factors) is based on factors that cannot be associated with a specific credit or loan category and reflects our attempt to ensure that the overall ACL appropriately reflects a margin for the imprecision necessarily inherent in the estimates of expected credit losses. We adjust our quantitative model for certain qualitative factors to reflect the extent to which management expects current conditions and R&S forecasts to differ from the conditions that existed for the period over which historical information was evaluated. The qualitative framework reflects changes related to relevant data, such as changes in asset quality trends, portfolio growth and

composition, national and local economic factors, credit policy and administration and other factors not considered in the base quantitative model. We utilize a survey completed by business unit management throughout the Bank, as well as discussion with the CECL Forecast Committee to establish reserves under the qualitative framework.

An analysis of the ACL by portfolio segment for the three months ended March 31, follows:


	Commercial		Mortgage		Installment		Subjective Allocation		Total
	(In thousands)
2025
Balance at beginning of period	$	22,872	$	22,317	$	3,040	$	11,150	$	59,379
Additions (deductions)
Provision for credit losses	1,379		(2,379)		59		1,665		724
Recoveries credited to the allowance	46		122		382		—		550
Loans charged against the allowance	—		(24)		(594)		—		(618)
Balance at end of period	$	24,297	$	20,036	$	2,887	$	12,815	$	60,035

2024
Balance at beginning of period	$	16,724	$	21,386	$	4,126	$	12,422	$	54,658
Additions (deductions)
Provision for credit losses	2,194		(366)		(127)		170		1,871
Recoveries credited to the allowance	64		82		450		—		596
Loans charged against the allowance	—		(199)		(613)		—		(812)
Balance at end of period	$	18,982	$	20,903	$	3,836	$	12,592	$	56,313

Loans on non-accrual status and past due more than 90 days (“Non-performing Loans”) follow:


	Non- Accrual with no Allowance for Credit Loss		Non- Accrual with an Allowance for Credit Loss		Total Non- Accrual		90+ and Still Accruing		Total Non- Performing Loans
	(In thousands)
March 31, 2025
Commercial
Commercial and industrial (1)	$	—	$	125	$	125	$	—	$	125
Commercial real estate	—		—		—		—		—
Mortgage
1-4 family owner occupied - jumbo	1,480		—		1,480		—		1,480
1-4 family owner occupied - non-jumbo (2)	1,768		1,081		2,849		—		2,849
1-4 family non-owner occupied	149		147		296		—		296
1-4 family - 2nd lien	543		831		1,374		—		1,374
Resort lending	—		143		143		—		143
Installment
Boat lending	—		222		222		—		222
Recreational vehicle lending	—		409		409		—		409
Other	—		188		188		—		188
Total	$	3,940	$	3,146	$	7,086	$	—	$	7,086

Accrued interest excluded from total	$	—	$	—	$	—	$	—	$	—

December 31, 2024
Commercial
Commercial and industrial (1)	$	—	$	49	$	49	$	—	$	49
Commercial real estate	—		—		—		—		—
Mortgage
1-4 family owner occupied - jumbo	1,480		—		1,480		—		1,480
1-4 family owner occupied - non-jumbo (2)	1,929		496		2,425		—		2,425
1-4 family non-owner occupied	—		157		157		—		157
1-4 family - 2nd lien	246		769		1,015		—		1,015
Resort lending	—		143		143		—		143
Installment
Boat lending	—		209		209		—		209
Recreational vehicle lending	—		377		377		—		377
Other	—		147		147		—		147
Total	$	3,655	$	2,347	$	6,002	$	—	$	6,002

Accrued interest excluded from total	$	—	$	—	$	—	$	—	$	—

(1)Non-performing commercial and industrial loans exclude $0.002 million and $0.005 million of government guaranteed loans at March 31, 2025 and December 31, 2024, respectively.

(2)Non-performing 1-4 family owner occupied – non jumbo loans exclude $1.938 million and $1.785 million of government guaranteed loans at March 31, 2025 and December 31, 2024, respectively.

The following table provides collateral information by class of loan for collateral-dependent loans with specific allocations to the ACL. A loan is considered to be collateral dependent when the borrower is experiencing financial difficulty and the repayment is expected to be provided substantially through the operation or sale of collateral.

The amortized cost of collateral-dependent loans by class follows:


	Collateral Type				Allowance for Credit Losses
	Real Estate		Other (1)
	(In thousands)
March 31, 2025
Commercial
Commercial and industrial	$	749	$	12,622	$	2,836
Commercial real estate	1,211		—		213
Mortgage
1-4 family owner occupied - jumbo	1,480		—		—
1-4 family owner occupied - non-jumbo	2,753		—		351
1-4 family non-owner occupied	182		—		12
1-4 family - 2nd lien	717		—		62
Resort lending	143		—		51
Installment
Boat lending	—		169		60
Recreational vehicle lending	—		266		94
Other	—		107		38
Total	$	7,235	$	13,164	$	3,717

Accrued interest excluded from total	$	7	$	63

December 31, 2024
Commercial
Commercial and industrial	$	686	$	5,166	$	1,647
Commercial real estate	817		—		3
Mortgage
1-4 family owner occupied - jumbo	1,480		—		—
1-4 family owner occupied - non-jumbo	2,903		—		347
1-4 family non-owner occupied	—		—		—
1-4 family - 2nd lien	510		—		94
Resort lending	143		—		51
Installment
Boat lending	—		87		31
Recreational vehicle lending	—		266		94
Other	—		92		33
Total	$	6,539	$	5,611	$	2,300

Accrued interest excluded from total	$	5	$	34

(1) Commercial and industrial loan collateral generally includes machinery and equipment, accounts receivable, and inventory.

An aging analysis of loans by class follows:


	Loans Past Due								Loans not Past Due		Total Loans
	30-59 days		60-89 days		90+ days		Total
	(In thousands)
March 31, 2025
Commercial
Commercial and industrial	$	—	$	—	$	127	$	127	$	1,055,007	$	1,055,134
Commercial real estate	—		—		—		—		937,053		937,053
Mortgage
1-4 family owner occupied - jumbo	661		—		1,480		2,141		875,597		877,738
1-4 family owner occupied - non-jumbo	977		1,356		1,266		3,599		289,805		293,404
1-4 family non-owner occupied	101		26		149		276		171,902		172,178
1-4 family - 2nd lien	460		90		717		1,267		138,767		140,034
Resort lending	—		—		143		143		29,310		29,453
Installment
Boat lending	465		68		169		702		258,795		259,497
Recreational vehicle lending	647		83		266		996		214,946		215,942
Other	223		118		45		386		91,872		92,258
Total	$	3,534	$	1,741	$	4,362	$	9,637	$	4,063,054	$	4,072,691

Accrued interest excluded from total	$	37	$	18	$	—	$	55	$	13,368	$	13,423

December 31, 2024
Commercial
Commercial and industrial	$	78	$	—	$	54	$	132	$	1,001,197	$	1,001,329
Commercial real estate	—		—		—		—		936,035		936,035
Mortgage
1-4 family owner occupied - jumbo	755		664		1,480		2,899		872,652		875,551
1-4 family owner occupied - non-jumbo	3,395		1,653		1,201		6,249		292,893		299,142
1-4 family non-owner occupied	329		—		—		329		176,621		176,950
1-4 family - 2nd lien	648		66		345		1,059		132,888		133,947
Resort lending	—		—		143		143		30,993		31,136
Installment
Boat lending	281		99		87		467		263,874		264,341
Recreational vehicle lending	622		395		190		1,207		223,330		224,537
Other	231		158		25		414		95,443		95,857
Total	$	6,339	$	3,035	$	3,525	$	12,899	$	4,025,926	$	4,038,825
Accrued interest excluded from total	$	65	$	44	$	—	$	109	$	13,352	$	13,461

During the three months ended March 31, 2025 there were two mortgage - 1-4 family owner occupied - non-jumbo loans modified to borrowers experiencing financial difficulty totaling $0.11 million (0.1% of the total loan class). Both of the loan modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2025 related to term extensions and added a weighted average 12.0 years to the life of the loans. One of the loans modified during the three months ended March 31, 2025 also received a 4.75% interest rate reduction. Both of the loans modified during the three months ended March 31, 2025 were on non-accrual status.

During the three months ended March 31, 2024 there were two mortgage - 1-4 family owner occupied - non-jumbo loans, one mortgage 1-4 family - 2nd lien loan, and one installment - other loan modified to borrowers experiencing financial difficulty totaling $0.31 million (0.1% of the total loan class), $0.07 million (0.1% of the total loan class), and $0.01 million (0.1% of the total loan class), respectively. All of the loan modifications to borrowers experiencing financial difficulty during the three months ended March 31, 2024 related to term extensions and added a weighted average 7.2 years to the life of the loans. All of the loans modified during the three months ended March 31, 2024 were on non-accrual status.

As of March 31, 2025, none of the loans that were modified to borrowers experiencing financial difficulty within the past 12 months have subsequently defaulted.

A loan is generally considered to be in payment default once it is 90 days contractually past due under the modified terms for commercial loans and installment loans and when four consecutive payments are missed for mortgage loans.

In order to determine whether a borrower is experiencing financial difficulty, we perform an evaluation of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under our internal underwriting policy.

Credit Quality Indicators – As part of our on-going monitoring of the credit quality of our loan portfolios, we track certain credit quality indicators including (a) risk grade of commercial loans, (b) the level of classified commercial loans, (c) credit scores of mortgage and installment loan borrowers, and (d) delinquency history and non-performing loans.

For commercial loans, we use a loan rating system that is similar to those employed by state and federal banking regulators. Loans are graded on a scale of 1 to 12. A description of the general characteristics of the ratings follows:

Rating 1 through 6: These loans are generally referred to as our “non-watch” commercial credits that include very high or exceptional credit fundamentals through acceptable credit fundamentals.

Rating 7 and 8: These loans are generally referred to as our “watch” commercial credits. These ratings include loans to borrowers that exhibit potential credit weakness or downward trends. If not checked or cured these trends could weaken our asset or credit position. While potentially weak, no loss of principal or interest is envisioned with these ratings.

Rating 9: These loans are generally referred to as our “substandard accruing” commercial credits. This rating includes loans to borrowers that exhibit a well-defined weakness where payment default is probable and loss is possible if deficiencies are not corrected. Generally, loans with this rating are considered collectible as to both principal and interest primarily due to collateral coverage.

Rating 10 and 11: These loans are generally referred to as our ‘‘substandard - non-accrual’’ and ‘‘doubtful’’ commercial credits. These ratings include loans to borrowers with weaknesses that make collection of the loan in full, on the basis of current facts, conditions and values at best questionable and at worst improbable. All of these loans are placed in non-accrual.

Rating 12: These loans are generally referred to as our “loss” commercial credits. This rating includes loans to borrowers that are deemed incapable of repayment and are charged-off.

The following tables summarize loan ratings by loan class for our commercial portfolio loan segment at March 31, 2025 and December 31, 2024:


	Commercial
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
March 31, 2025
Commercial and industrial
Non-watch (1-6)	$	44,386	$	198,954	$	152,004	$	128,312	$	68,962	$	165,168	$	256,218	$	1,014,004
Watch (7-8)	—		1,603		2,981		1,214		3,317		8,946		9,699		27,760
Substandard Accrual (9)	—		2,533		1,959		1,370		2,636		322		4,423		13,243
Non-Accrual (10-11)	—		—		78		—		46		3		—		127
Total	$	44,386	$	203,090	$	157,022	$	130,896	$	74,961	$	174,439	$	270,340	$	1,055,134
Accrued interest excluded from total	$	161	$	643	$	546	$	346	$	170	$	682	$	1,014	$	3,562
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Commercial real estate
Non-watch (1-6)	$	32,280	$	147,110	$	227,350	$	168,424	$	73,328	$	195,494	$	50,866	$	894,852
Watch (7-8)	—		839		—		16,377		—		5,380		18,393		40,989
Substandard Accrual (9)	—		—		404		—		133		675		—		1,212
Non-Accrual (10-11)	—		—		—		—		—		—		—		—
Total	$	32,280	$	147,949	$	227,754	$	184,801	$	73,461	$	201,549	$	69,259	$	937,053
Accrued interest excluded from total	$	119	$	506	$	699	$	464	$	165	$	672	$	293	$	2,918
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial
Non-watch (1-6)	$	76,666	$	346,064	$	379,354	$	296,736	$	142,290	$	360,662	$	307,084	$	1,908,856
Watch (7-8)	—		2,442		2,981		17,591		3,317		14,326		28,092		68,749
Substandard Accrual (9)	—		2,533		2,363		1,370		2,769		997		4,423		14,455
Non-Accrual (10-11)	—		—		78		—		46		3		—		127
Total	$	76,666	$	351,039	$	384,776	$	315,697	$	148,422	$	375,988	$	339,599	$	1,992,187
Accrued interest excluded from total	$	280	$	1,149	$	1,245	$	810	$	335	$	1,354	$	1,307	$	6,480
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2024		2023		2022		2021		2020		Prior
	(In thousands)
December 31, 2024
Commercial and industrial
Non-watch (1-6)	$	183,261	$	137,270	$	142,630	$	71,225	$	72,928	$	106,086	$	242,573	$	955,973
Watch (7-8)	10,348		3,055		1,251		9,002		5,636		336		2,104		31,732
Substandard Accrual (9)	2,693		2,052		1,642		2,208		267		195		4,513		13,570
Non-Accrual (10-11)	—		—		—		47		—		7		—		54
Total	$	196,302	$	142,377	$	145,523	$	82,482	$	78,831	$	106,624	$	249,190	$	1,001,329
Accrued interest excluded from total	$	612	$	478	$	361	$	217	$	342	$	341	$	959	$	3,310
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	4	$	—	$	4

Commercial real estate
Non-watch (1-6)	$	142,154	$	236,390	$	153,321	$	75,053	$	49,969	$	166,966	$	72,879	$	896,732
Watch (7-8)	—		—		16,007		—		—		4,400		18,079		38,486
Substandard Accrual (9)	—		—		—		135		—		682		—		817
Non-Accrual (10-11)	—		—		—		—		—		—		—		—
Total	$	142,154	$	236,390	$	169,328	$	75,188	$	49,969	$	172,048	$	90,958	$	936,035
Accrued interest excluded from total	$	608	$	632	$	628	$	166	$	131	$	658	$	363	$	3,186
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Commercial
Non-watch (1-6)	$	325,415	$	373,660	$	295,951	$	146,278	$	122,897	$	273,052	$	315,452	$	1,852,705
Watch (7-8)	10,348		3,055		17,258		9,002		5,636		4,736		20,183		70,218
Substandard Accrual (9)	2,693		2,052		1,642		2,343		267		877		4,513		14,387
Non-Accrual (10-11)	—		—		—		47		—		7		—		54
Total	$	338,456	$	378,767	$	314,851	$	157,670	$	128,800	$	278,672	$	340,148	$	1,937,364
Accrued interest excluded from total	$	1,220	$	1,110	$	989	$	383	$	473	$	999	$	1,322	$	6,496
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	4	$	—	$	4

The following tables summarize credit scores by loan class for our mortgage and installment loan portfolio segments at March 31, 2025 and December 31, 2024:


	Mortgage (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
March 31, 2025
1-4 family owner occupied - jumbo
800 and above	$	1,962	$	4,208	$	12,599	$	33,147	$	52,071	$	35,105	$	—	$	139,092
750-799	6,139		40,008		40,764		105,264		192,955		91,880		1,799		478,809
700-749	2,597		14,385		12,443		38,575		68,318		29,750		—		166,068
650-699	2,025		4,584		10,519		21,257		13,793		13,410		1,500		67,088
600-649	—		—		2,261		6,643		1,627		6,858		—		17,389
550-599	—		744		—		2,404		1,079		2,792		—		7,019
500-549	—		—		—		—		—		1,555		—		1,555
Under 500	—		—		—		—		—		718		—		718
Unknown	—		—		—		—		—		—		—		—
Total	$	12,723	$	63,929	$	78,586	$	207,290	$	329,843	$	182,068	$	3,299	$	877,738
Accrued interest excluded from total	$	51	$	315	$	392	$	627	$	730	$	491	$	30	$	2,636
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

1-4 family owner occupied - non-jumbo
800 and above	$	691	$	1,631	$	3,619	$	14,202	$	8,729	$	11,851	$	4,070	$	44,793
750-799	911		10,891		9,903		26,916		21,194		36,769		10,974		117,558
700-749	2,156		3,028		7,067		12,531		9,521		26,417		4,171		64,891
650-699	7,284		893		2,533		5,458		4,857		14,673		1,944		37,642
600-649	—		419		126		720		756		8,798		181		11,000
550-599	—		—		212		366		789		4,444		40		5,851
500-549	—		87		—		1,517		942		5,914		—		8,460
Under 500	137		—		—		—		98		2,974		—		3,209
Unknown	—		—		—		—		—		—		—		—
Total	$	11,179	$	16,949	$	23,460	$	61,710	$	46,886	$	111,840	$	21,380	$	293,404
Accrued interest excluded from total	$	8	$	116	$	103	$	203	$	110	$	410	$	155	$	1,105
Current period gross charge-offs	$	—	$	—	$	—	$	19	$	—	$	5	$	—	$	24

1-4 family non-owner occupied
800 and above	$	879	$	3,726	$	1,292	$	6,539	$	12,089	$	10,562	$	708	$	35,795
750-799	1,545		11,259		12,046		13,606		24,896		25,245		2,500		91,097
700-749	1,465		3,431		3,126		6,222		6,296		7,278		1,865		29,683
650-699	239		1,014		431		297		4,084		6,150		203		12,418
600-649	—		—		—		—		—		1,373		58		1,431
550-599	—		—		33		—		—		890		—		923
500-549	—		—		—		368		51		217		—		636
Under 500	—		—		—		—		—		195		—		195
Unknown	—		—		—		—		—		—		—		—
Total	$	4,128	$	19,430	$	16,928	$	27,032	$	47,416	$	51,910	$	5,334	$	172,178
Accrued interest excluded from total	$	14	$	102	$	77	$	113	$	130	$	208	$	35	$	679
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—


	Mortgage - continued (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
March 31, 2025 - continued
1-4 family - 2nd lien
800 and above	$	461	$	499	$	247	$	185	$	181	$	1,938	$	12,549	$	16,060
750-799	1,230		2,981		2,546		2,088		2,862		4,760		48,190		64,657
700-749	743		1,281		904		1,904		1,385		2,957		28,255		37,429
650-699	35		460		605		664		350		1,466		11,335		14,915
600-649	—		25		39		202		195		989		1,941		3,391
550-599	—		—		297		37		50		375		519		1,278
500-549	—		—		158		115		95		760		807		1,935
Under 500	—		—		—		18		—		347		4		369
Unknown	—		—		—		—		—		—		—		—
Total	$	2,469	$	5,246	$	4,796	$	5,213	$	5,118	$	13,592	$	103,600	$	140,034
Accrued interest excluded from total	$	8	$	19	$	17	$	18	$	12	$	45	$	683	$	802
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Resort lending
800 and above	$	—	$	—	$	—	$	—	$	531	$	3,705	$	—	$	4,236
750-799	—		—		39		351		734		13,161		—		14,285
700-749	—		—		—		267		—		4,640		—		4,907
650-699	—		—		—		—		—		4,811		—		4,811
600-649	—		—		—		—		—		1,037		—		1,037
550-599	—		—		—		—		—		91		—		91
500-549	—		—		—		—		—		86		—		86
Under 500	—		—		—		—		—		—		—		—
Unknown	—		—		—		—		—		—		—		—
Total	$	—	$	—	$	39	$	618	$	1,265	$	27,531	$	—	$	29,453
Accrued interest excluded from total	$	—	$	—	$	—	$	4	$	3	$	145	$	—	$	152
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Total Mortgage
800 and above	$	3,993	$	10,064	$	17,757	$	54,073	$	73,601	$	63,161	$	17,327	$	239,976
750-799	9,825		65,139		65,298		148,225		242,641		171,815		63,463		766,406
700-749	6,961		22,125		23,540		59,499		85,520		71,042		34,291		302,978
650-699	9,583		6,951		14,088		27,676		23,084		40,510		14,982		136,874
600-649	—		444		2,426		7,565		2,578		19,055		2,180		34,248
550-599	—		744		542		2,807		1,918		8,592		559		15,162
500-549	—		87		158		2,000		1,088		8,532		807		12,672
Under 500	137		—		—		18		98		4,234		4		4,491
Unknown	—		—		—		—		—		—		—		—
Total	$	30,499	$	105,554	$	123,809	$	301,863	$	430,528	$	386,941	$	133,613	$	1,512,807
Accrued interest excluded from total	$	81	$	552	$	589	$	965	$	985	$	1,299	$	903	$	5,374
Current period gross charge-offs	$	—	$	—	$	—	$	19	$	—	$	5	$	—	$	24


	Mortgage (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2024		2023		2022		2021		2020		Prior
	(In thousands)
December 31, 2024
1-4 family owner occupied - jumbo
800 and above	$	5,009	$	12,192	$	37,147	$	51,242	$	22,126	$	14,291	$	—	$	142,007
750-799	33,118		43,013		106,378		194,725		58,703		35,103		1,275		472,315
700-749	13,981		13,602		40,219		68,687		17,552		11,669		450		166,160
650-699	4,537		10,286		19,366		15,736		6,937		6,555		1,500		64,917
600-649	—		2,265		9,528		1,636		2,288		4,619		—		20,336
550-599	746		—		2,414		1,086		2,803		—		—		7,049
500-549	—		—		—		—		900		664		—		1,564
Under 500	—		485		—		—		—		718		—		1,203
Unknown	—		—		—		—		—		—		—		—
Total	$	57,391	$	81,843	$	215,052	$	333,112	$	111,309	$	73,619	$	3,225	$	875,551
Accrued interest excluded from total	$	264	$	377	$	634	$	712	$	264	$	238	$	31	$	2,520
Current period gross charge-offs	$	—	$	—	$	22	$	—	$	—	$	—	$	—	$	22

1-4 family owner occupied - non-jumbo
800 and above	$	1,919	$	2,113	$	14,018	$	8,928	$	3,089	$	9,138	$	4,066	$	43,271
750-799	12,472		10,604		26,405		21,548		14,028		23,586		10,429		119,072
700-749	7,927		7,110		12,810		9,598		5,492		21,692		4,231		68,860
650-699	8,258		2,758		5,586		4,885		2,262		12,820		1,848		38,417
600-649	682		126		1,001		762		2,459		6,757		180		11,967
550-599	—		213		365		794		996		3,438		40		5,846
500-549	87		—		1,523		948		278		5,780		—		8,616
Under 500	—		—		—		98		652		2,343		—		3,093
Unknown	—		—		—		—		—		—		—		—
Total	$	31,345	$	22,924	$	61,708	$	47,561	$	29,256	$	85,554	$	20,794	$	299,142
Accrued interest excluded from total	$	105	$	139	$	195	$	113	$	77	$	368	$	163	$	1,160
Current period gross charge-offs	$	—	$	—	$	—	$	23	$	—	$	22	$	—	$	45

1-4 family non-owner occupied
800 and above	$	4,122	$	1,557	$	7,468	$	12,757	$	4,204	$	6,975	$	897	$	37,980
750-799	11,433		12,831		15,929		25,543		9,920		16,439		2,539		94,634
700-749	3,372		3,218		6,289		6,401		1,308		6,131		2,072		28,791
650-699	1,016		431		297		4,115		2,552		3,560		332		12,303
600-649	—		—		—		—		410		930		108		1,448
550-599	—		38		—		—		—		919		—		957
500-549	—		—		369		51		—		221		—		641
Under 500	—		—		—		—		—		196		—		196
Unknown	—		—		—		—		—		—		—		—
Total	$	19,943	$	18,075	$	30,352	$	48,867	$	18,394	$	35,371	$	5,948	$	176,950
Accrued interest excluded from total	$	84	$	85	$	119	$	134	$	48	$	166	$	44	$	680
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	158	$	—	$	158


	Mortgage - continued (1)
	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2024		2023		2022		2021		2020		Prior
	(In thousands)
December 31, 2024 - (continued)
1-4 family - 2nd lien
800 and above	$	751	$	249	$	219	$	185	$	1,161	$	859	$	12,245	$	15,669
750-799	3,209		2,717		2,290		3,065		1,604		3,825		44,896		61,606
700-749	1,358		942		1,898		1,239		932		2,123		26,687		35,179
650-699	268		450		655		313		251		1,385		10,979		14,301
600-649	—		39		204		197		328		769		2,084		3,621
550-599	—		297		37		51		—		357		512		1,254
500-549	—		59		101		95		—		768		919		1,942
Under 500	—		—		20		—		—		350		5		375
Unknown	—		—		—		—		—		—		—		—
Total	$	5,586	$	4,753	$	5,424	$	5,145	$	4,276	$	10,436	$	98,327	$	133,947
Accrued interest excluded from total	$	19	$	23	$	18	$	11	$	13	$	42	$	720	$	846
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	3	$	22	$	25

Resort lending
800 and above	$	—	$	—	$	—	$	534	$	—	$	4,079	$	—	$	4,613
750-799	—		39		639		740		724		12,845		—		14,987
700-749	—		—		268		—		212		4,851		—		5,331
650-699	—		—		—		—		354		4,622		—		4,976
600-649	—		—		—		—		—		1,051		—		1,051
550-599	—		—		—		—		—		92		—		92
500-549	—		—		—		—		—		86		—		86
Under 500	—		—		—		—		—		—		—		—
Unknown	—		—		—		—		—		—		—		—
Total	$	—	$	39	$	907	$	1,274	$	1,290	$	27,626	$	—	$	31,136
Accrued interest excluded from total	$	—	$	—	$	4	$	3	$	4	$	140	$	—	$	151
Current period gross charge-offs	$	—	$	—	$	—	$	—	$	—	$	50	$	—	$	50

Total Mortgage
800 and above	$	11,801	$	16,111	$	58,852	$	73,646	$	30,580	$	35,342	$	17,208	$	243,540
750-799	60,232		69,204		151,641		245,621		84,979		91,798		59,139		762,614
700-749	26,638		24,872		61,484		85,925		25,496		46,466		33,440		304,321
650-699	14,079		13,925		25,904		25,049		12,356		28,942		14,659		134,914
600-649	682		2,430		10,733		2,595		5,485		14,126		2,372		38,423
550-599	746		548		2,816		1,931		3,799		4,806		552		15,198
500-549	87		59		1,993		1,094		1,178		7,519		919		12,849
Under 500	—		485		20		98		652		3,607		5		4,867
Unknown	—		—		—		—		—		—		—		—
Total	$	114,265	$	127,634	$	313,443	$	435,959	$	164,525	$	232,606	$	128,294	$	1,516,726
Accrued interest excluded from total	$	472	$	624	$	970	$	973	$	406	$	954	$	958	$	5,357
Current period gross charge-offs	$	—	$	—	$	22	$	23	$	—	$	233	$	22	$	300

(1)Credit scores have been updated within the last twelve months.


	Installment (1)
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Total
	(In thousands)
March 31, 2025
Boat lending
800 and above	$	1,690	$	5,614	$	6,513	$	7,464	$	7,165	$	12,001	$	40,447
750-799	3,764		25,378		27,637		27,386		23,909		36,153		144,227
700-749	1,719		11,148		8,986		10,919		9,550		12,755		55,077
650-699	206		2,691		2,482		2,466		2,340		4,099		14,284
600-649	—		494		434		1,084		357		887		3,256
550-599	—		—		212		448		386		332		1,378
500-549	—		26		—		121		195		362		704
Under 500	—		—		35		13		—		76		124
Unknown	—		—		—		—		—		—		—
Total	$	7,379	$	45,351	$	46,299	$	49,901	$	43,902	$	66,665	$	259,497
Accrued interest excluded from total	$	31	$	180	$	174	$	115	$	99	$	140	$	739
Current period gross charge-offs	$	—	$	—	$	—	$	14	$	—	$	19	$	33

Recreational vehicle lending
800 and above	$	260	$	1,212	$	4,044	$	11,374	$	9,395	$	9,882	$	36,167
750-799	1,100		9,895		10,618		32,173		31,008		22,344		107,138
700-749	163		5,292		4,851		13,656		14,937		9,203		48,102
650-699	59		897		1,879		4,077		5,176		2,778		14,866
600-649	—		264		615		1,172		2,158		879		5,088
550-599	—		40		256		437		1,019		503		2,255
500-549	—		49		169		591		714		333		1,856
Under 500	—		—		66		154		171		79		470
Unknown	—		—		—		—		—		—		—
Total	$	1,582	$	17,649	$	22,498	$	63,634	$	64,578	$	46,001	$	215,942
Accrued interest excluded from total	$	7	$	67	$	81	$	153	$	145	$	103	$	556
Current period gross charge-offs	$	—	$	—	$	—	$	76	$	72	$	50	$	198

Other
800 and above	$	475	$	1,119	$	1,180	$	1,547	$	780	$	1,235	$	6,336
750-799	1,822		9,045		7,192		6,447		4,179		5,823		34,508
700-749	9,546		5,663		4,555		3,827		2,543		4,166		30,300
650-699	8,738		1,914		1,423		1,517		876		1,607		16,075
600-649	105		496		450		476		243		424		2,194
550-599	—		73		204		236		180		207		900
500-549	—		—		133		271		218		168		790
Under 500	—		10		15		54		44		51		174
Unknown	981		—		—		—		—		—		981
Total	$	21,667	$	18,320	$	15,152	$	14,375	$	9,063	$	13,681	$	92,258
Accrued interest excluded from total	$	16	$	78	$	59	$	35	$	20	$	66	$	274
Current period gross charge-offs	$	310	$	—	$	6	$	31	$	2	$	14	$	363


	Installment (1)
	Term Loans Amortized Cost Basis by Origination Year
	2025		2024		2023		2022		2021		Prior		Total
	(In thousands)
March 31, 2025 - continued
Total installment
800 and above	$	2,425	$	7,945	$	11,737	$	20,385	$	17,340	$	23,118	$	82,950
750-799	6,686		44,318		45,447		66,006		59,096		64,320		285,873
700-749	11,428		22,103		18,392		28,402		27,030		26,124		133,479
650-699	9,003		5,502		5,784		8,060		8,392		8,484		45,225
600-649	105		1,254		1,499		2,732		2,758		2,190		10,538
550-599	—		113		672		1,121		1,585		1,042		4,533
500-549	—		75		302		983		1,127		863		3,350
Under 500	—		10		116		221		215		206		768
Unknown	981		—		—		—		—		—		981
Total	$	30,628	$	81,320	$	83,949	$	127,910	$	117,543	$	126,347	$	567,697
Accrued interest excluded from total	$	54	$	325	$	314	$	303	$	264	$	309	$	1,569
Current period gross charge-offs	$	310	$	—	$	6	$	121	$	74	$	83	$	594


	Installment - continued (1)
	Term Loans Amortized Cost Basis by Origination Year
	2024		2023		2022		2021		2020		Prior		Total
	(In thousands)
December 31, 2024
Boat lending
800 and above	$	6,125	$	6,702	$	8,231	$	7,492	$	3,512	$	9,079	$	41,141
750-799	26,320		29,173		28,608		24,858		11,604		26,792		147,355
700-749	11,397		9,487		11,342		9,807		4,177		9,137		55,347
650-699	2,722		2,888		2,516		2,419		1,191		3,111		14,847
600-649	504		438		1,104		364		148		775		3,333
550-599	—		215		464		394		76		301		1,450
500-549	27		—		135		199		140		238		739
Under 500	—		35		14		—		—		80		129
Unknown	—		—		—		—		—		—		—
Total	$	47,095	$	48,938	$	52,414	$	45,533	$	20,848	$	49,513	$	264,341
Accrued interest excluded from total	$	179	$	178	$	124	$	104	$	50	$	101	$	736
Current period gross charge-offs	$	8	$	8	$	71	$	8	$	49	$	55	$	199

Recreational vehicle lending
800 and above	$	1,365	$	4,270	$	11,721	$	9,776	$	3,382	$	7,262	$	37,776
750-799	10,528		11,173		33,140		32,266		9,398		14,656		111,161
700-749	5,402		5,230		14,093		15,336		4,177		5,500		49,738
650-699	965		1,949		4,278		5,357		1,249		1,836		15,634
600-649	268		697		1,213		2,364		407		502		5,451
550-599	41		183		443		1,075		135		415		2,292
500-549	50		172		638		745		161		207		1,973
Under 500	—		67		156		207		19		63		512
Unknown	—		—		—		—		—		—		—
Total	$	18,619	$	23,741	$	65,682	$	67,126	$	18,928	$	30,441	$	224,537
Accrued interest excluded from total	$	69	$	89	$	156	$	154	$	41	$	67	$	576
Current period gross charge-offs	$	—	$	42	$	321	$	419	$	42	$	110	$	934

Other
800 and above	$	1,342	$	1,323	$	1,788	$	938	$	639	$	831	$	6,861
750-799	9,938		8,029		7,208		4,732		2,013		4,375		36,295
700-749	14,512		4,941		4,232		2,829		1,292		3,278		31,084
650-699	10,551		1,633		1,689		979		430		1,293		16,575
600-649	537		476		522		294		59		418		2,306
550-599	80		211		271		210		21		210		1,003
500-549	—		149		301		229		92		93		864
Under 500	11		17		58		49		3		50		188
Unknown	681		—		—		—		—		—		681
Total	$	37,652	$	16,779	$	16,069	$	10,260	$	4,549	$	10,548	$	95,857
Accrued interest excluded from total	$	96	$	65	$	40	$	22	$	10	$	63	$	296
Current period gross charge-offs	$	1,829	$	98	$	106	$	27	$	8	$	103	$	2,171

Total installment
800 and above	$	8,832	$	12,295	$	21,740	$	18,206	$	7,533	$	17,172	$	85,778
750-799	46,786		48,375		68,956		61,856		23,015		45,823		294,811
700-749	31,311		19,658		29,667		27,972		9,646		17,915		136,169
650-699	14,238		6,470		8,483		8,755		2,870		6,240		47,056
600-649	1,309		1,611		2,839		3,022		614		1,695		11,090
550-599	121		609		1,178		1,679		232		926		4,745
500-549	77		321		1,074		1,173		393		538		3,576
Under 500	11		119		228		256		22		193		829
Unknown	681		—		—		—		—		—		681
Total	$	103,366	$	89,458	$	134,165	$	122,919	$	44,325	$	90,502	$	584,735
Accrued interest excluded from total	$	344	$	332	$	320	$	280	$	101	$	231	$	1,608
Current period gross charge-offs	$	1,837	$	148	$	498	$	454	$	99	$	268	$	3,304

(1)Credit scores have been updated within the last twelve months.

Foreclosed residential real estate properties included in other real estate and repossessed assets on our interim Condensed Consolidated Statements of Financial Condition totaled $0.4 million and $0.9 million at March 31, 2025 and December 31, 2024, respectively. Retail mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements totaled $3.0 million and $2.0 million at March 31, 2025 and December 31, 2024, respectively.

During the three month periods ended March 31, 2025 and 2024, we sold $8.8 million and $6.8 million, respectively, of portfolio residential fixed rate mortgage loans servicing retained and recognized a gain on sale of $0.2 million and $0.1 million, respectively. These transactions were done primarily for asset/liability management purposes.

Securities - Narrative (Details)	3 Months Ended
Securities - Narrative (Details)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 security	Mar. 31, 2025 USD ($) security	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, allowance for credit loss	$ 0		$ 0	$ 0
Debt securities, available-for-sale, accrued interest receivable			$ 3,300,000	$ 3,900,000
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]			Other Assets	Other Assets
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss			$ 1,900,000	$ 1,700,000
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]			Other Assets	Other Assets
Debt securities, held-to-maturity, allowance for credit loss	155,000		$ 129,000	$ 132,000	$ 157,000
Securities HTM, defaulted, number of securities \| security		1
Proceeds from sale of held-to-maturity securities	1,100,000
U.S. agency
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			30
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss			$ 0	0
U.S. agency residential mortgage-backed
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			98
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss			$ 0	0
U.S. agency commercial mortgage-backed
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			10
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss			$ 0	0
Private label mortgage-backed
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			60
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss	4,000		$ 1,000	1,000	4,000
Other asset backed
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			43
Corporate
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			72
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss	116,000		$ 108,000	111,000	116,000
Obligations of states and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			308
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss	31,000		$ 17,000	17,000	33,000
Trust preferred
Debt Securities, Available-for-Sale [Line Items]
Debt securities, available-for-sale, unrealized loss position, number of positions \| security			1
Schedule of Held-to-Maturity Securities [Line Items]
Debt securities, held-to-maturity, allowance for credit loss	$ 4,000		$ 3,000	$ 3,000	$ 4,000

Fair Value Disclosures - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Asset Impairment Charges [Abstract]
Collateral dependent loans, carrying amount	$ 5.3		$ 5.5
Collateral dependent loans, valuation allowance	3.7		$ 2.3
Accounts receivable, credit loss expense (recovery)	$ 1.7	$ 1.6

Loans - Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 59,379	$ 54,658	$ 54,658
Additions (deductions)
Provision for credit losses	724	1,871
Recoveries credited to the allowance	550	596
Loans charged against the allowance	(618)	(812)
Balance at end of period	60,035	56,313	59,379
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	22,872	16,724	16,724
Additions (deductions)
Provision for credit losses	1,379	2,194
Recoveries credited to the allowance	46	64
Loans charged against the allowance	0	0	(4)
Balance at end of period	24,297	18,982	22,872
Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	22,317	21,386	21,386
Additions (deductions)
Provision for credit losses	(2,379)	(366)
Recoveries credited to the allowance	122	82
Loans charged against the allowance	(24)	(199)	(300)
Balance at end of period	20,036	20,903	22,317
Installment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3,040	4,126	4,126
Additions (deductions)
Provision for credit losses	59	(127)
Recoveries credited to the allowance	382	450
Loans charged against the allowance	(594)	(613)	(3,304)
Balance at end of period	2,887	3,836	3,040
Subjective Allocation
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	11,150	12,422	12,422
Additions (deductions)
Provision for credit losses	1,665	170
Recoveries credited to the allowance	0	0
Loans charged against the allowance	0	0
Balance at end of period	$ 12,815	$ 12,592	$ 11,150

Regulatory Matters - Components of Regulatory Capital (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Components of regulatory capital [Abstract]
Total shareholders' equity	$ 467,277	$ 454,686	$ 415,570	$ 404,449
Add (deduct)
Accumulated other comprehensive loss	(67,083)	(69,944)
Subordinated debt	39,605	39,586
Consolidated
Components of regulatory capital [Abstract]
Total shareholders' equity	467,277	454,686
Add (deduct)
Accumulated other comprehensive loss	61,285	64,146
Goodwill and other intangibles	(29,666)	(29,788)
Common equity tier 1 capital	498,896	489,044
Qualifying trust preferred securities	38,589	38,572
Tier 1 capital	537,485	527,616
Subordinated debt	40,000	40,000
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets	54,598	54,828
Total risk-based capital	632,083	622,444
Independent Bank
Components of regulatory capital [Abstract]
Total shareholders' equity	487,396	478,188
Add (deduct)
Accumulated other comprehensive loss	61,285	64,146
Goodwill and other intangibles	(29,666)	(29,788)
Common equity tier 1 capital	519,015	512,546
Qualifying trust preferred securities	0	0
Tier 1 capital	519,015	512,546
Subordinated debt	0	0
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets	54,507	54,708
Total risk-based capital	$ 573,522	$ 567,254

Accumulated Other Comprehensive Loss ("AOCL")

3 Months Ended

Mar. 31, 2025

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss ("AOCL")

Accumulated Other Comprehensive Loss (“AOCL”)

A summary of changes in AOCL follows:


	Unrealized Losses on Securities AFS		Unrealized Losses on Securities Transferred to Securities HTM (1)		Dispropor- tionate Tax Effects from Securities AFS		Unrealized Gains (Losses) on Derivative Instruments		Total
	(In thousands)















For the three months ended March 31,
2025
Balances at beginning of period	$	(49,301)	$	(12,775)	$	(5,798)	$	(2,070)	$	(69,944)
Other comprehensive income before reclassifications	1,260		637		—		368		2,265
Amounts reclassified from AOCL	261		—		—		335		596
Net current period other comprehensive income	1,521		637		—		703		2,861
Balances at end of period	$	(47,780)	$	(12,138)	$	(5,798)	$	(1,367)	$	(67,083)

2024
Balances at beginning of period	$	(51,113)	$	(15,408)	$	(5,798)	$	177	$	(72,142)
Other comprehensive income (loss) before reclassifications	1,203		648		—		(1,761)		90
Amounts reclassified from AOCL	213		—		—		210		423
Net current period other comprehensive income (loss)	1,416		648		—		(1,551)		513
Balances at end of period	$	(49,697)	$	(14,760)	$	(5,798)	$	(1,374)	$	(71,629)

(1)Represents the remaining unrealized loss to be accreted on securities that were transferred from AFS to HTM on April 1, 2022.

The disproportionate tax effects from securities AFS arose due to tax effects of other comprehensive income (“OCI”) in the presence of a valuation allowance against our deferred tax assets and a pretax loss from operations. Generally, the amount of income tax expense or benefit allocated to operations is determined without regard to the tax effects of other categories of income or loss, such as OCI. However, an exception to the general rule is provided when, in the presence of a valuation allowance against deferred tax assets, there is a pretax loss from operations and pretax income from other categories in the current period. In such instances, income from other categories must offset the current loss from operations, the tax benefit of such offset being reflected in operations. Release of material disproportionate tax effects from other comprehensive income to earnings is done by the portfolio method whereby the effects will remain in AOCL as long as we carry a more than inconsequential portfolio of securities AFS.

A summary of reclassifications out of each component of AOCL for the three months ended March 31 follows:


AOCL Component	Amount Reclassified From AOCL		Affected Line Item in Interim Condensed Consolidated Statements of Operations
	(In thousands)
2025
Unrealized losses on securities available for sale
	$	(330)	Net losses on securities available for sale
	(69)		Income tax expense
	$	(261)	Reclassifications, net of tax

Unrealized gains (losses) on derivative instruments
	$	422	Interest income
	2		Interest expense
	424
	89		Income tax expense
	$	335	Reclassifications, net of tax

	$	(596)	Total reclassifications for the period, net of tax

2024
Unrealized losses on securities available for sale
	$	(269)	Net losses on securities available for sale
	(56)		Income tax expense
	$	(213)	Reclassifications, net of tax

Unrealized gains (losses) on derivative instruments
	$	266	Interest income
	56		Income tax expense
	$	210	Reclassifications, net of tax

	$	(423)	Total reclassifications for the period, net of tax

Goodwill and Other Intangibles - Summary of Intangible Assets, Net of Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	$ 11,916	$ 11,916
Accumulated Amortization	10,550	10,428
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Goodwill	$ 28,300	$ 28,300

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Comprehensive Income [Abstract]
Net income	$ 15,590	$ 15,991
Securities available for sale
Unrealized gains arising during period	1,596	1,524
Accretion of net unrealized losses on securities transferred to held to maturity	806	820
Reclassification adjustments for losses included in earnings	330	269
Unrealized gains recognized in other comprehensive income on securities available for sale	2,732	2,613
Income tax expense	574	549
Unrealized gains recognized in other comprehensive income on securities available for sale, net of tax	2,158	2,064
Derivative instruments
Unrealized gains (losses) arising during period	466	(2,229)
Reclassification adjustment for expense recognized in earnings	424	266
Unrealized gains (losses) recognized in other comprehensive income on derivative instruments	890	(1,963)
Income tax expense (benefit)	187	(412)
Unrealized gains (losses) recognized in other comprehensive income on derivative instruments, net of tax	703	(1,551)
Other comprehensive income	2,861	513
Comprehensive income	$ 18,451	$ 16,504

Leases (Tables)

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Lease, Cost

The cost components of our operating leases follows:


	Three Months Ended March 31,
		2025		2024
	(In thousands)
Operating lease cost		$	326	$	346
Variable lease cost		8		11
Short-term lease cost		20		24
Total		$	354	$	381

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to our operating leases follows:


	March 31, 2025			December 31, 2024
	(Dollars in thousands)
Lease right of use asset (1)	$	6,003		$	5,971
Lease liabilities (2)	$	6,366		$	6,338

Weighted average remaining lease term (years)	6.97			7.07
Weighted average discount rate	3.8		%	3.7		%

(1)Included in Accrued income and other assets in our interim Condensed Consolidated Statements of Financial Condition.

(2)Included in Accrued expenses and other liabilities in our interim Condensed Consolidated Statements of Financial Condition.

Maturity Analysis of Lease Liabilities

Maturity analysis of our lease liabilities at March 31, 2025 based on required contractual payments follows:


	(In thousands)

Nine months ending December 31, 2025	$	1,005
2026	1,201
2027	1,064
2028	1,013
2029	869
2030 and thereafter	2,214
Total lease payments	7,366
Less imputed interest	(1,000)
Total	$	6,366

Leases

3 Months Ended

Mar. 31, 2025

Leases [Abstract]

Leases

We have entered into leases in the normal course of business primarily for office facilities, some of which include renewal options and escalation clauses. Certain leases also include both lease components (fixed payments including rent, taxes and insurance costs) and non-lease components (common area or other maintenance costs) which are accounted for as a single lease component as we have elected the practical expedient to group lease and non-lease components together for all leases. We have also elected not to recognize leases with original lease terms of 12 months or less (short-term leases) on our interim Condensed Consolidated Statements of Financial Condition. Most of our leases include one or more options to renew. The exercise of lease renewal options is typically at our sole discretion and are included in our right of use (“ROU”) assets and lease liabilities if they are reasonably certain of exercise.

Leases are classified as operating or finance leases at the lease commencement date (we did not have any finance leases as of March 31, 2025). Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease term. The ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payment over the lease term.

As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments.

The cost components of our operating leases follows:


	Three Months Ended March 31,
		2025		2024
	(In thousands)
Operating lease cost		$	326	$	346
Variable lease cost		8		11
Short-term lease cost		20		24
Total		$	354	$	381

Variable lease costs consist primarily of taxes, insurance, and common area or other maintenance costs for our leased facilities.

Supplemental balance sheet information related to our operating leases follows:


	March 31, 2025			December 31, 2024
	(Dollars in thousands)
Lease right of use asset (1)	$	6,003		$	5,971
Lease liabilities (2)	$	6,366		$	6,338

Weighted average remaining lease term (years)	6.97			7.07
Weighted average discount rate	3.8		%	3.7		%

(1)Included in Accrued income and other assets in our interim Condensed Consolidated Statements of Financial Condition.

(2)Included in Accrued expenses and other liabilities in our interim Condensed Consolidated Statements of Financial Condition.

Maturity analysis of our lease liabilities at March 31, 2025 based on required contractual payments follows:


	(In thousands)

Nine months ending December 31, 2025	$	1,005
2026	1,201
2027	1,064
2028	1,013
2029	869
2030 and thereafter	2,214
Total lease payments	7,366
Less imputed interest	(1,000)
Total	$	6,366

Shareholders' Equity and Earnings Per Common Share - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 17, 2024
Class of Stock [Line Items]
Stock repurchased during period (in shares)	1,093
Stock repurchased during period, value	$ 33
Share-Based Payment Arrangement, Option
Class of Stock [Line Items]
Antidilutive shares excluded from computation of diluted loss per share (in shares)	0	0
Common Stock
Class of Stock [Line Items]
Number of shares authorized for repurchase (in shares)			1,100,000
Stock repurchased during period (in shares)	1,093	0
Stock repurchased during period, value	$ 33

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

New Accounting Standards	3 Months Ended
New Accounting Standards	Mar. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	New Accounting Standards In December, 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This ASU modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). This ASU also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. This ASU takes effect in annual reporting periods beginning after December 15, 2024, with early adoption permitted. The adoption of this ASU on January 1, 2025, did not have a material impact on our interim Condensed Consolidated Financial Statements. In December, 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". This ASU requires public business entities to disaggregate certain expense captions into specific categories in disclosures within the footnotes to the consolidated financial statements. This ASU takes effect in annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. We do not expect the adoption of this ASU to have a material impact on our interim Condensed Consolidated Financial Statements.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476173/280-10-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-7

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 11.M.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480530/250-10-S99-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483194/926-20-65-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480530/250-10-S99-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 250
-Publisher FASB
-URI https://asc.fasb.org/250/tableOfContent

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

+ Details

Share Based Compensation - Narrative (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of additional shares approved for grant (in shares)	300
Shares issued on deferral basis credited percentage of current value	90.00%
Share-based payment arrangement, nonvested award, cost not yet recognized, amount	$ 4,700
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition	2 years 3 months 18 days
Long-Term Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 700	$ 700
Tax benefit relating to compensation expense recognized	$ 100	$ 100
Restricted stock \| Long-Term Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	3 years	3 years
PSU \| Long-Term Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting period	3 years	3 years
Performance feature comparison period	3 years	3 years
Non-Employee Directors
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of additional shares approved for grant (in shares)	100
Share-based payment arrangement, expense	$ 60	$ 70
Tax benefit relating to compensation expense recognized	$ 10	$ 10
Director
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares issues as retainer fees (in shares)	2	2

Segment Reporting - Reconciliations of Significant Segment Totals (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Interest Income
Interest and fees on loans	$ 57,768	$ 55,043
Interest on securities	6,806	8,642
Other investments	1,570	1,441
Total Interest Income	66,144	65,126
Interest Expense
Deposits	20,955	22,810
Other borrowings and subordinated debt and debentures	1,504	2,119
Total Interest Expense	22,459	24,929
Net Interest Income	43,685	40,197
Provision for credit losses	721	744
Net Interest Income After Provision for Credit Losses	42,964	39,453
Non-interest Income
Interchange income	3,127	3,151
Service charges on deposit accounts	2,814	2,872
Net gains on mortgage loans	2,303	1,364
Mortgage loan servicing, net	(636)	2,725
Other	2,816	2,449
Total Non-interest Income	10,424	12,561
Non-interest Expense
Compensation and employee benefits	20,383	20,770
Data processing	3,729	3,255
Occupancy, net	2,223	2,074
Interchange expense	1,119	1,097
Furniture, fixtures and equipment	885	954
Advertising	861	491
FDIC deposit insurance	711	782
Legal and professional	479	486
Loan and collection	786	512
Communications	591	615
Other	2,495	1,157
Total Non-interest Expense	34,262	32,193
Income Before Income Tax	19,126	19,821
Income tax expense	3,536	3,830
Net Income	15,590	15,991
OTHER SEGMENT DISCLOSURES
Depreciation	1,241	1,292
Amortization	122	129
Total assets	5,328,428	5,231,255	$ 5,338,104
Operating Segments \| Independent Bank
Interest Income
Interest and fees on loans	57,708	54,987
Interest on securities	6,806	8,642
Other investments	1,570	1,441
Total Interest Income	66,084	65,070
Interest Expense
Deposits	21,324	23,208
Other borrowings and subordinated debt and debentures	143	649
Total Interest Expense	21,467	23,857
Net Interest Income	44,617	41,213
Provision for credit losses	721	744
Net Interest Income After Provision for Credit Losses	43,896	40,469
Non-interest Income
Interchange income	3,127	3,151
Service charges on deposit accounts	2,814	2,872
Net gains on mortgage loans	2,223	1,319
Mortgage loan servicing, net	(636)	2,725
Other	2,694	2,360
Total Non-interest Income	10,222	12,427
Non-interest Expense
Compensation and employee benefits	20,292	20,680
Data processing	3,710	3,236
Occupancy, net	2,217	2,068
Interchange expense	1,119	1,097
Furniture, fixtures and equipment	884	953
Advertising	859	489
FDIC deposit insurance	711	782
Legal and professional	356	338
Loan and collection	786	512
Communications	582	610
Other	2,301	969
Total Non-interest Expense	33,817	31,734
Income Before Income Tax	20,301	21,162
Income tax expense	3,954	4,127
Net Income	16,347	17,035
OTHER SEGMENT DISCLOSURES
Depreciation	1,240	1,291
Amortization	122	129
Total assets	5,321,109	5,227,008
Segment Reporting, Reconciling Item, Corporate Nonsegment
Interest Income
Interest and fees on loans	0	0
Interest on securities	0	0
Other investments	369	398
Total Interest Income	369	398
Interest Expense
Deposits	0	0
Other borrowings and subordinated debt and debentures	1,361	1,470
Total Interest Expense	1,361	1,470
Net Interest Income	(992)	(1,072)
Provision for credit losses	0	0
Net Interest Income After Provision for Credit Losses	(992)	(1,072)
Non-interest Income
Interchange income	0	0
Service charges on deposit accounts	0	0
Net gains on mortgage loans	0	0
Mortgage loan servicing, net	0	0
Other	319	215
Total Non-interest Income	319	215
Non-interest Expense
Compensation and employee benefits	132	114
Data processing	19	19
Occupancy, net	6	6
Interchange expense	0	0
Furniture, fixtures and equipment	1	1
Advertising	2	2
FDIC deposit insurance	0	0
Legal and professional	123	148
Loan and collection	0	0
Communications	9	5
Other	194	188
Total Non-interest Expense	486	483
Income Before Income Tax	(1,159)	(1,340)
Income tax expense	(414)	(298)
Net Income	(745)	(1,042)
OTHER SEGMENT DISCLOSURES
Depreciation	1	1
Amortization	0	0
Total assets	562,848	506,759
Eliminations
Interest Income
Interest and fees on loans	60	56
Interest on securities	0	0
Other investments	(369)	(398)
Total Interest Income	(309)	(342)
Interest Expense
Deposits	(369)	(398)
Other borrowings and subordinated debt and debentures	0	0
Total Interest Expense	(369)	(398)
Net Interest Income	60	56
Provision for credit losses	0	0
Net Interest Income After Provision for Credit Losses	60	56
Non-interest Income
Interchange income	0	0
Service charges on deposit accounts	0	0
Net gains on mortgage loans	80	45
Mortgage loan servicing, net	0	0
Other	(197)	(126)
Total Non-interest Income	(117)	(81)
Non-interest Expense
Compensation and employee benefits	(41)	(24)
Data processing	0	0
Occupancy, net	0	0
Interchange expense	0	0
Furniture, fixtures and equipment	0	0
Advertising	0	0
FDIC deposit insurance	0	0
Legal and professional	0	0
Loan and collection	0	0
Communications	0	0
Other	0	0
Total Non-interest Expense	(41)	(24)
Income Before Income Tax	(16)	(1)
Income tax expense	(4)	1
Net Income	(12)	(2)
OTHER SEGMENT DISCLOSURES
Depreciation	0	0
Amortization	0	0
Total assets	$ (555,529)	$ (502,512)

Leases - Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Nine months ending December 31, 2025	$ 1,005
2026	1,201
2027	1,064
2028	1,013
2029	869
2030 and thereafter	2,214
Total lease payments	7,366
Less imputed interest	(1,000)
Total	$ 6,366	$ 6,338

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 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

Segment Reporting

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

Independent Bank Corporation is a bank holding company, whose principal activity is the ownership and management of its wholly-owned subsidiaries, including Independent Bank. As a community-oriented financial institution, substantially all of our operations involve the delivery of loan and deposit products to customers.

Our reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker, based upon information provided about the products and services we offer, primarily banking operations. The segment is also distinguished by the level of information provided to the chief operating decision maker, who uses such information to review performance of various components of the business, which are then aggregated if the operating performance, products/services, and customers are similar. The chief operating decision maker will evaluate the performance of our business components such as evaluating revenue streams, significant expenses, and budget to actual results assessing our segment and in the determination of allocating resources. The chief operating decision maker uses revenue streams to evaluate product pricing and significant expenses to assess performance and evaluate return on assets. The chief operating decision maker uses consolidated net income, earnings per share, and return on average assets to benchmark us against our competitors. The benchmarking analysis coupled with monitoring of budget to actual results are used in assessing performance and in establishing compensation. Loans, investments, and deposits provide the majority of revenues in the banking operation. Interest expense, provisions for credit losses, and compensation and employee benefits provide the significant expenses in the banking operation. All operations are domestic.

Segment performance is evaluated using consolidated net income, earnings per share, and return on average assets. Information reported internally for performance assessment by the chief operating decision maker is as follows, inclusive of reconciliations of significant segment totals to the interim condensed consolidated financial statements for the three-month periods ended March 31, 2025 and 2024.


	Three Months Ended March 31, 2025
	Independent Bank		Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	57,708	$	—	$	60	$	57,768
Interest on securities	6,806		—		—		6,806
Other investments	1,570		369		(369)		1,570
Total Interest Income	66,084		369		(309)		66,144
INTEREST EXPENSE
Deposits	21,324		—		(369)		20,955
Other borrowings and subordinated debt and debentures	143		1,361		—		1,504
Total Interest Expense	21,467		1,361		(369)		22,459
Net Interest Income	44,617		(992)		60		43,685
Provision for credit losses	721		—		—		721
Net Interest Income After Provision for Credit Losses	43,896		(992)		60		42,964
NON-INTEREST INCOME
Interchange income	3,127		—		—		3,127
Service charges on deposit accounts	2,814		—		—		2,814
Net gains on mortgage loans	2,223		—		80		2,303
Mortgage loan servicing, net	(636)		—		—		(636)
Other	2,694		319		(197)		2,816
Total Non-interest Income	10,222		319		(117)		10,424
NON-INTEREST EXPENSE
Compensation and employee benefits	20,292		132		(41)		20,383
Data processing	3,710		19		—		3,729
Occupancy, net	2,217		6		—		2,223
Interchange expense	1,119		—		—		1,119
Furniture, fixtures and equipment	884		1		—		885
Advertising	859		2		—		861
FDIC deposit insurance	711		—		—		711
Legal and professional	356		123		—		479
Loan and collection	786		—		—		786
Communications	582		9		—		591
Other	2,301		194		—		2,495
Total Non-interest Expense	33,817		486		(41)		34,262
Income Before Income Tax	20,301		(1,159)		(16)		19,126
Income tax expense	3,954		(414)		(4)		3,536
Net Income	$	16,347	$	(745)	$	(12)	$	15,590

OTHER SEGMENT DISCLOSURES
Depreciation	1,240		1		—		1,241
Amortization	122		—		—		122
Total assets	5,321,109		562,848		(555,529)		5,328,428

(1) Includes amounts relating to our parent company and certain insignificant operations.


	Three Months Ended March 31, 2024
	Independent Bank			Other(1)		Eliminations		Total
	(In thousands)
INTEREST INCOME
Interest and fees on loans	$	54,987		$	—	$	56	$	55,043
Interest on securities	8,642			—		—		8,642
Other investments	1,441			398		(398)		1,441
Total Interest Income	65,070			398		(342)		65,126
INTEREST EXPENSE
Deposits	23,208			—		(398)		22,810
Other borrowings and subordinated debt and debentures	649			1,470		—		2,119
Total Interest Expense	23,857			1,470		(398)		24,929
Net Interest Income	41,213			(1,072)		56		40,197
Provision for credit losses	744			—		—		744
Net Interest Income After Provision for Credit Losses	40,469			(1,072)		56		39,453
NON-INTEREST INCOME
Interchange income	3,151			—		—		3,151
Service charges on deposit accounts	2,872			—		—		2,872
Net gains on mortgage loans	1,319			—		45		1,364
Mortgage loan servicing, net	2,725			—		—		2,725
Other	2,360			215		(126)		2,449
Total Non-interest Income	12,427			215		(81)		12,561
NON-INTEREST EXPENSE
Compensation and employee benefits	20,680			114		(24)		20,770
Data processing	3,236			19		—		3,255
Occupancy, net	2,068		0	6		—		2,074
Interchange expense	1,097			—		—		1,097
Furniture, fixtures and equipment	953			1		—		954
Advertising	489			2		—		491
FDIC deposit insurance	782			—		—		782
Legal and professional	338			148		—		486
Loan and collection	512			—		—		512
Communications	610			5		—		615
Other	969			188		—		1,157
Total Non-interest Expense	31,734			483		(24)		32,193
Income Before Income Tax	21,162			(1,340)		(1)		19,821
Income tax expense	4,127			(298)		1		3,830
Net Income	$	17,035		$	(1,042)	$	(2)	$	15,991

OTHER SEGMENT DISCLOSURES
Depreciation	1,291			1		—		1,292
Amortization	129			—		—		129
Total assets	5,227,008			506,759		(502,512)		5,231,255

(1) Includes amounts relating to our parent company and certain insignificant operations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

Share Based Compensation - Outstanding Stock Option Grants and Related Transactions (Details) - Share-Based Payment Arrangement, Option $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2025 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	5,583
Granted (in shares)	0
Exercised (in shares)	(2,793)
Forfeited (in shares)	0
Expired (in shares)	0
Outstanding, ending balance (in shares)	2,790
Vested and expected to vest, period end (in shares)	2,790
Exercisable, period end (in shares)	2,790
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning balance (in dollars per share) \| $ / shares	$ 13.43
Exercised (in dollars per share) \| $ / shares	13.43
Outstanding, ending balance (in dollars per share) \| $ / shares	13.43
Vested and expected to vest, period end (in dollars per share) \| $ / shares	13.43
Exercisable, period end (in dollars per share) \| $ / shares	$ 13.43
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Outstanding, period end, weighted average remaining contractual term	1 year 10 months 24 days
Vested and expected to vest, period end, weighted average remaining contractual term	1 year 10 months 24 days
Exercisable, period end, weighted average remaining contractual term	1 year 10 months 24 days
Aggregate Intrinsic Value [Abstract]
Outstanding, period end, aggregate intrinsic value \| $	$ 48
Vested and expected to vest, period end, aggregate intrinsic value \| $	48
Exercisable, period end, aggregate intrinsic value \| $	$ 48

Shareholders' Equity and Earnings Per Common Share

3 Months Ended

Mar. 31, 2025

Stockholders' Equity Note [Abstract]

Shareholders' Equity and Earnings Per Common Share

Shareholders’ Equity and Earnings Per Common Share

On December 17, 2024, our Board of Directors authorized a share repurchase plan (the “Repurchase Plan”) to buy back up to 1,100,000 shares of our outstanding common stock through December 31, 2025. Shares would be repurchased through open market transactions, though we could execute repurchases through other means, such as privately negotiated transactions. The timing and amount of any share repurchases will depend on a variety of factors, including, among others, securities law restrictions, the trading price of our common stock, regulatory requirements, potential alternative uses for capital, and our financial performance. During the three month period ended March 31, 2025 there were 1,093 shares of common stock repurchased, for an aggregate purchase price of $0.03 million. During the three month period ended March 31, 2024 there were no shares of common stock repurchased.

A reconciliation of basic and diluted net income per common share follows:


	Three Months Ended March 31,
	2025		2024
	(In thousands, except per share data)
Net income	$	15,590	$	15,991

Weighted average shares outstanding (1)	20,943		20,877
Stock units for deferred compensation plan for non-employee directors	177		175
Performance share units	28		25
Effect of stock options	2		3
Weighted average shares outstanding for calculation of diluted earnings per share	21,150		21,080

Net income per common share
Basic (1)	$	0.74	$	0.77
Diluted	$	0.74	$	0.76

(1)Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.

Weighted average stock options outstanding that were not considered in computing diluted net income per common share because they were anti-dilutive were zero for the three month periods ended March 31, 2025 and 2024, respectively.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Fair Value Disclosures - Changes in Fair Value for Financial Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Abstract]
Loans held for sale	$ 55	$ 29
Capitalized mortgage loan servicing rights	(2,424)	506
Mortgage Loans
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Abstract]
Loans held for sale	55	29
Mortgage Loan Servicing, net
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Abstract]
Capitalized mortgage loan servicing rights	$ (2,424)	$ 506

Revenue from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue



	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
Three months ending March 31, 2025	(In thousands)
Retail
Overdraft fees	$	2,108	$	—	$	—	$	—	$	2,108
Account service charges	593		—		—		—		593
ATM fees	—		355		—		—		355
Other	—		184		—		—		184
Business
Overdraft fees	113		—		—		—		113
ATM fees	—		10		—		—		10
Other	—		99		—		—		99
Interchange income	—		—		3,127		—		3,127
Asset management revenue	—		—		—		410		410
Transaction based revenue	—		—		—		343		343

Total	$	2,814	$	648	$	3,127	$	753	$	7,342

Reconciliation to interim Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	648
Investment and insurance commissions									753
Bank owned life insurance (1)									296
Other (1)									1,449
Total									$	3,146

(1)Excluded from the scope of ASC Topic 606.



	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
Three months ending March 31, 2024	(In thousands)
Retail
Overdraft fees	$	2,189	$	—	$	—	$	—	$	2,189
Account service charges	573		—		—		—		573
ATM fees	—		383		—		—		383
Other	—		250		—		—		250
Business
Overdraft fees	110		—		—		—		110
ATM fees	—		11		—		—		11
Other	—		104		—		—		104
Interchange income	—		—		3,151		—		3,151
Asset management revenue	—		—		—		493		493
Transaction based revenue	—		—		—		311		311

Total	$	2,872	$	748	$	3,151	$	804	$	7,575

Reconciliation to interim Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	748
Investment and insurance commissions									804
Bank owned life insurance (1)									181
Other (1)									985
Total									$	2,718

(1)Excluded from the scope of ASC Topic 606.

Securities - Gains and Losses Realized on Sale of Securities Available for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Debt Securities, Available-for-Sale, Realized Gain (Loss) [Abstract]
Proceeds from the sale of securities available for sale	$ 22,503	$ 37,273
Gain on sale of securities available-for-sale	1	14
Loss on sale of securities available-for-sale	$ 331	$ 283

Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	$ 7,342	$ 7,575
Bank owned life insurance income	296	181
Other	1,449	985
Total	3,146	2,718
Service Charges on Deposit Accounts
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	2,814	2,872
Overdraft fees \| Retail
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	2,108	2,189
Overdraft fees \| Business
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	113	110
Account service charges \| Retail
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	593	573
Other Deposit Related Income
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	648	748
ATM fees \| Retail
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	355	383
ATM fees \| Business
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	10	11
Other \| Retail
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	184	250
Other \| Business
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	99	104
Interchange income
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	3,127	3,151
Investment and Insurance Commissions
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	753	804
Asset management revenue
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	410	493
Transaction based revenue
Disaggregation of Revenue [Abstract]
Revenue from contracts with customers	$ 343	$ 311

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Cash Flows [Abstract]
Net income	$ 15,590	$ 15,991
Adjustments to Reconcile Net Income to Net Cash From Operating Activities
Proceeds from sales of loans held for sale	75,999	75,178
Disbursements for loans held for sale	(75,684)	(70,800)
Provision for credit losses	721	744
Deferred income tax expense (benefit)	(1,036)	1,535
Net deferred loan fees	814	127
Net depreciation, amortization of intangible assets and premiums and accretion of discounts on securities and loans	2,352	2,509
Net gains on mortgage loans	(2,303)	(1,364)
Net losses on securities available for sale	330	269
Share based compensation	758	591
(Increase) decrease in accrued income and other assets	16,386	(3,324)
Decrease in accrued expenses and other liabilities	(2,228)	(623)
Total Adjustments	16,109	4,842
Net Cash From Operating Activities	31,699	20,833
Cash Flow From Investing Activities
Proceeds from the sale of securities available for sale	22,503	37,273
Proceeds from the sale of securities held to maturity previously charged off	0	1,125
Proceeds from maturities, prepayments and calls of securities available for sale	11,105	27,484
Proceeds from maturities, prepayments and calls of securities held to maturity	3,122	2,724
Purchases of securities available for sale	(1,000)	0
Purchases of Federal Home Loan Bank stock	(697)	0
Proceeds from the redemption of Federal Home Loan Bank stock	1,209	0
Net increase in portfolio loans (loans originated, net of principal payments)	(41,952)	(58,407)
Proceeds from the sale of portfolio loans	8,912	6,808
Proceeds from bank-owned life insurance	431	889
Proceeds from the sale of other real estate and repossessed assets	823	172
Proceeds from the sale of property and equipment	0	299
Capital expenditures	(1,122)	(676)
Net Cash From Investing Activities	3,334	17,691
Cash Flow Used in Financing Activities
Net decrease in total deposits	(20,157)	(40,465)
Net increase (decrease) in other borrowings	5	(22)
Proceeds from Federal Home Loan Bank Advances	95,000	0
Payments of Federal Home Loan Bank Advances	(95,000)	0
Dividends paid	(5,448)	(4,999)
Repurchase of common stock	(33)	0
Share based compensation withholding obligation	(1,137)	(975)
Net Cash Used in Financing Activities	(26,770)	(46,461)
Net Increase (Decrease) in Cash and Cash Equivalents	8,263	(7,937)
Cash and Cash Equivalents at Beginning of Period	119,882	169,781
Cash and Cash Equivalents at End of Period	128,145	161,844
Cash paid during the period for
Interest	21,576	24,962
Income taxes	2,500	0
Transfers to other real estate and repossessed assets	232	586
Right of use assets obtained in exchange for lease obligations	$ 335	$ 2,119

Regulatory Matters

3 Months Ended

Mar. 31, 2025

Regulatory Matters [Abstract]

Regulatory Matters

Capital guidelines adopted by federal and state regulatory agencies and restrictions imposed by law limit the amount of cash dividends our Bank can pay to us. Under these guidelines, the amount of dividends that may be paid in any calendar year is limited to the Bank’s current year net profits, combined with the retained net profits of the preceding two years. Further, the Bank cannot pay a dividend at any time that it has negative undivided profits. As of March 31, 2025, the Bank had positive undivided profits of $228.5 million. It is not our intent to have dividends paid in amounts that would reduce the capital of our Bank to levels below those which we consider prudent or that would not be in accordance with guidelines of regulatory authorities.

We are also subject to various regulatory capital requirements. The prompt corrective action regulations establish quantitative measures to ensure capital adequacy and require minimum amounts and ratios of total, Tier 1, and common equity Tier 1 capital to risk-weighted assets and Tier 1 capital to average assets. Failure to meet minimum capital requirements can result in certain mandatory, and possibly discretionary, actions by regulators that could have a material effect on our interim condensed consolidated financial statements. In addition, capital adequacy rules include a common equity Tier 1 capital conservation buffer of 2.5% of risk-weighted assets that applies to all supervised financial institutions. To avoid limits on capital distributions and certain discretionary bonus payments we must meet the minimum ratio for adequately capitalized institutions plus the buffer. Under capital adequacy guidelines, we must meet specific capital requirements that involve quantitative measures as well as qualitative judgments by the regulators. The most recent regulatory filings as of March 31, 2025 and December 31, 2024, categorized our Bank as well capitalized and exceeding the minimum ratio for adequately capitalized institutions plus the capital conservation buffer. Management is not aware of any conditions or events that would have changed the most recent Federal Deposit Insurance Corporation (“FDIC”) categorization.

Our actual capital amounts and ratios follow (1):


	Actual				Minimum for Adequately Capitalized Institutions				Minimum for Well-Capitalized Institutions
	Amount		Ratio		Amount		Ratio		Amount		Ratio
	(Dollars in thousands)
March 31, 2025
Total capital to risk-weighted assets
Consolidated	$	632,083	14.51	%	$	348,557	8.00	%	NA		NA
Independent Bank	573,522		13.19		347,964		8.00		$	434,955	10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	537,485	12.34	%	$	261,418	6.00	%	NA		NA
Independent Bank	519,015		11.93		260,973		6.00		$	347,964	8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	498,896	11.45	%	$	196,063	4.50	%	NA		NA
Independent Bank	519,015		11.93		195,730		4.50		$	282,721	6.50	%

Tier 1 capital to average assets
Consolidated	$	537,485	9.89	%	$	217,485	4.00	%	NA		NA
Independent Bank	519,015		9.56		217,153		4.00		$	271,441	5.00	%

December 31, 2024
Total capital to risk-weighted assets
Consolidated	$	622,444	14.22	%	$	350,113	8.00	%	NA		NA
Independent Bank	567,254		12.99		349,335		8.00		$	436,668	10.00	%

Tier 1 capital to risk-weighted assets
Consolidated	$	527,616	12.06	%	$	262,585	6.00	%	NA		NA
Independent Bank	512,546		11.74		262,001		6.00		$	349,335	8.00	%

Common equity tier 1 capital to risk-weighted assets
Consolidated	$	489,044	11.17	%	$	196,939	4.50	%	NA		NA
Independent Bank	512,546		11.74		196,501		4.50		$	283,834	6.50	%

Tier 1 capital to average assets
Consolidated	$	527,616	9.85	%	$	214,332	4.00	%	NA		NA
Independent Bank	512,546		9.58		214,112		4.00		$	267,640	5.00	%

_______________________________________


(1)			These ratios do not reflect a capital conservation buffer of 2.50% at March 31, 2025 and December 31, 2024.

NA - Not applicable

The components of our regulatory capital are as follows:


	Consolidated				Independent Bank
	March 31, 2025		December 31, 2024		March 31, 2025		December 31, 2024
	(In thousands)
Total shareholders' equity	$	467,277	$	454,686	$	487,396	$	478,188
Add (deduct)
Accumulated other comprehensive loss for regulatory purposes	61,285		64,146		61,285		64,146
Goodwill and other intangibles	(29,666)		(29,788)		(29,666)		(29,788)
Common equity tier 1 capital	498,896		489,044		519,015		512,546
Qualifying trust preferred securities	38,589		38,572		—		—
Tier 1 capital	537,485		527,616		519,015		512,546
Subordinated debt	40,000		40,000		—		—
Allowance for credit losses and allowance for unfunded lending commitments limited to 1.25% of total risk-weighted assets	54,598		54,828		54,507		54,708
Total risk-based capital	$	632,083	$	622,444	$	573,522	$	567,254

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

+ References + Details

Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Assets
Cash and due from banks	$ 60,566	$ 56,984
Interest bearing deposits	67,579	62,898
Cash and Cash Equivalents	128,145	119,882
Securities available for sale	529,676	559,182
Securities held to maturity (fair value of $302,579 at March 31, 2025 and $301,860 at December 31, 2024 )	336,928	339,436
Federal Home Loan Bank and Federal Reserve Bank stock, at cost	15,587	16,099
Loans held for sale, carried at fair value	9,514	7,643
Loans
Financing receivable, before allowance for credit loss	4,072,691	4,038,825
Allowance for credit losses	(60,035)	(59,379)
Net Loans	4,012,656	3,979,446
Other real estate and repossessed assets, net	413	938
Property and equipment, net	37,369	37,492
Bank-owned life insurance	53,721	53,855
Capitalized mortgage loan servicing rights, carried at fair value	32,171	46,796
Other intangibles	1,366	1,488
Goodwill	28,300	28,300
Accrued income and other assets	142,582	147,547
Total Assets	5,328,428	5,338,104
Deposits
Non-interest bearing	989,928	1,013,647
Savings and interest-bearing checking	2,017,800	1,995,314
Reciprocal	910,526	907,031
Time	635,172	628,285
Brokered time	80,505	109,811
Total Deposits	4,633,931	4,654,088
Other borrowings	45,014	45,009
Subordinated debt	39,605	39,586
Subordinated debentures	39,813	39,796
Accrued expenses and other liabilities	102,788	104,939
Total Liabilities	4,861,151	4,883,418
Commitments and contingent liabilities
Shareholders’ Equity
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding	0	0
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 20,970,115 shares at March 31, 2025 and 20,895,714 shares at December 31, 2024	318,365	318,777
Retained earnings	215,995	205,853
Accumulated other comprehensive loss	(67,083)	(69,944)
Total Shareholders’ Equity	467,277	454,686
Total Liabilities and Shareholders’ Equity	5,328,428	5,338,104
Commercial
Loans
Financing receivable, before allowance for credit loss	1,992,187	1,937,364
Allowance for credit losses	(24,297)	(22,872)
Mortgage
Loans
Financing receivable, before allowance for credit loss	1,512,807	1,516,726
Allowance for credit losses	(20,036)	(22,317)
Installment
Loans
Financing receivable, before allowance for credit loss	567,697	584,735
Allowance for credit losses	$ (2,887)	$ (3,040)

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments According to Type of Hedge Designation

Our derivative financial instruments according to the type of hedge in which they are designated follows:


	March 31, 2025
	Notional Amount		Average Maturity (years)	Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreement - commercial	$	5,546	4.1	$	275
Pay-fixed interest rate swap agreements - securities available for sale	148,895		2.6	10,890
Pay-fixed interest rate swap agreements - installment	100,000		2.2	(605)
Pay-fixed interest rate swap agreements - mortgage	127,000		2.3	(681)
Interest rate cap agreements - securities available for sale	40,970		3.1	179
Total	$	422,411	2.5	$	10,058

Cash flow hedge designation
Interest rate floor agreements - commercial	$	375,000	2.1	$	4,362
Interest rate cap agreements - short-term funding liabilities	25,000		3.2	175
Total	400,000		2.1	4,537

No hedge designation
Rate-lock mortgage loan commitments	$	24,069	0.1	$	368
Mandatory commitments to sell mortgage loans	33,741		0.1	(31)
Pay-fixed interest rate swap agreements - commercial	595,112		5.0	4,050
Pay-variable interest rate swap agreements - commercial	595,112		5.0	(4,050)
Total	$	1,248,034	4.7	$	337


	December 31, 2024
	Notional Amount		Average Maturity (years)	Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreement - commercial	$	5,647	4.4	$	361
Pay-fixed interest rate swap agreements - securities available for sale	148,895		2.8	13,265
Pay-fixed interest rate swap agreements - installment	100,000		2.4	77
Pay-fixed interest rate swap agreements - mortgage	147,000		2.2	283
Interest rate cap agreements - securities available for sale	40,970		3.3	334
Total	$	442,512	2.6	$	14,320

Cash flow hedge designation
Interest rate floor agreements - commercial	$	375,000	2.3	$	3,642
Interest rate cap agreements - short-term funding liabilities	25,000		3.4	312
Total	400,000		2.1	3,954

No hedge designation
Rate-lock mortgage loan commitments	12,703		0.1	100
Mandatory commitments to sell mortgage loans	19,874		0.1	62
Pay-fixed interest rate swap agreements - commercial	538,053		5.0	13,325
Pay-variable interest rate swap agreements - commercial	538,053		5.0	(13,325)
Total	$	1,108,683	4.9	$	162

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Fair Values of Derivative Instruments


	Asset Derivatives						Liability Derivatives
	March 31, 2025			December 31, 2024			March 31, 2025			December 31, 2024
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
	(In thousands)
Derivatives designated as hedging instruments
Pay-fixed interest rate swap agreements	Other assets	$	11,283	Other assets	$	14,336	Other liabilities	$	1,404	Other liabilities	$	350
Interest rate cap agreements	Other assets	354		Other assets	646		Other liabilities	—		Other liabilities	—
Interest rate floor agreements	Other assets	4,362		Other assets	3,642		Other liabilities	—		Other liabilities	—
		15,999			18,624			1,404			350
Derivatives not designated as hedging instruments
Rate-lock mortgage loan commitments	Other assets	368		Other assets	100		Other liabilities	—		Other liabilities	—
Mandatory commitments to sell mortgage loans	Other assets	—		Other assets	62		Other liabilities	31		Other liabilities	—
Pay-fixed interest rate swap agreements - commercial	Other assets	10,657		Other assets	15,799		Other liabilities	6,607		Other liabilities	2,474
Pay-variable interest rate swap agreements - commercial	Other assets	6,607		Other assets	2,474		Other liabilities	10,657		Other liabilities	15,799
		17,632			18,435			17,295			18,273
Total derivatives		$	33,631		$	37,059		$	18,699		$	18,623

Derivative Instruments, Gain (Loss)

The effect of derivative financial instruments on the interim Condensed Consolidated Statements of Operations follows:


	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)				Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)					Gain (Loss) Recognized in Income
	Three Month Periods Ended March 31,					Three Month Periods Ended March 31,				Location of Gain (Loss) Recognized in Income	Three Month Periods Ended March 31,
	2025		2024			2025		2024			2025		2024
											(In thousands)
Fair Value Hedges
Pay-fixed interest rate swap agreement - commercial										Interest and fees on loans	$	(85)	$	79
Pay-fixed interest rate swap agreements - securities available for sale										Interest on securities	(2,375)		1,548
Pay-fixed interest rate swap agreements - installment										Interest and fees on loans	(682)		1,688
Pay-fixed interest rate swap agreements - mortgage										Interest and fees on loans	(965)		2,002
Pay-variable interest rate swap agreements - FHLB Advance										Interest expense - other borrowings and subordinated debt and debentures	—		(25)
Interest rate cap agreements - securities available for sale	$	(155)	$	38	Interest on securities	$	(54)	$	(54)	Interest on securities	—		40

Total	$	(155)	$	38		$	(54)	$	(54)		$	(4,107)	$	5,332

Cash Flow Hedges
Interest rate floor agreements - commercial	$	752	$	(2,267)	Interest and fees on loans	$	(368)	$	(212)	Interest and fees on loans	$	(368)	$	(212)
Interest rate cap agreements - short-term funding liabilities	(131)		—		Interest expense	(2)		—		Interest expense	(2)		—
Total	$	621	$	(2,267)		$	(370)	$	(212)		$	(370)	$	(212)

No hedge designation
Rate-lock mortgage loan commitments										Net gains on mortgage loans	$	268	$	94
Mandatory commitments to sell mortgage loans										Net gains on mortgage loans	(93)		229
Pay-fixed interest rate swap agreements - commercial										Interest and fees on loans	(9,275)		5,970
Pay-variable interest rate swap agreements - commercial										Interest and fees on loans	9,275		(5,970)
Total											$	175	$	323

Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended
Income Tax (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income tax expense	$ 3,536	$ 3,830
Effective income tax rate reconciliation, tax expense (benefit), share-based payment arrangement, amount	300	$ 110
Unrecognized tax benefits	$ 200		$ 200

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Securities - Held-to-Maturity, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	$ 132	$ 157
Provision for credit losses	(3)	(1,127)
Recoveries credited to the allowance	0	1,125
Securities HTM charged against the allowance	0	0
Balance at end of period	129	155
Private label mortgage-backed
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	1	4
Provision for credit losses	0	0
Recoveries credited to the allowance	0	0
Securities HTM charged against the allowance	0	0
Balance at end of period	1	4
Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	17	33
Provision for credit losses	0	(2)
Recoveries credited to the allowance	0	0
Securities HTM charged against the allowance	0	0
Balance at end of period	17	31
Corporate
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	111	116
Provision for credit losses	(3)	(1,125)
Recoveries credited to the allowance	0	1,125
Securities HTM charged against the allowance	0	0
Balance at end of period	108	116
Trust preferred
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	3	4
Provision for credit losses	0	0
Recoveries credited to the allowance	0	0
Securities HTM charged against the allowance	0	0
Balance at end of period	$ 3	$ 4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Balances at beginning of period at Dec. 31, 2023	$ 404,449	$ 317,483	$ 159,108	$ (72,142)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,991		15,991
Cash dividends declared	(4,999)		(4,999)
Share based compensation	591	591
Share based compensation withholding obligation	(975)	(975)
Other comprehensive income	513			513
Balances at end of period at Mar. 31, 2024	415,570	317,099	170,100	(71,629)
Balances at beginning of period at Dec. 31, 2024	454,686	318,777	205,853	(69,944)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,590		15,590
Cash dividends declared	(5,448)		(5,448)
Repurchase of common stock	(33)	(33)
Share based compensation	758	758
Share based compensation withholding obligation	(1,137)	(1,137)
Other comprehensive income	2,861			2,861
Balances at end of period at Mar. 31, 2025	$ 467,277	$ 318,365	$ 215,995	$ (67,083)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480418/310-10-S99-2

+ Details

Securities - Amortized Cost and Fair Value of Held To Maturity Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]
Maturing within one year	$ 11,744
Maturing after one year but within five years	53,173
Maturing after five years but within ten years	96,389
Maturing after ten years	72,405
Total securities held-to-maturity, amortized cost	233,711
Amortized Cost	352,422	$ 355,739
Debt Securities, Held-to-Maturity, Fair Value, Maturity [Abstract]
Maturing within one year	11,560
Maturing after one year but within five years	49,785
Maturing after five years but within ten years	85,659
Maturing after ten years	60,515
Total securities held-to-maturity, fair value	207,519
Total securities held-to-maturity, fair value	302,579	301,860
U.S. agency residential mortgage-backed
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]
Held to maturity securities, without single maturity date, amortized cost	107,129
Amortized Cost	107,129	109,369
Debt Securities, Held-to-Maturity, Fair Value, Maturity [Abstract]
Held to maturity securities, without single maturity date, fair value	84,299
Total securities held-to-maturity, fair value	84,299	84,738
U.S. agency commercial mortgage-backed
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]
Held to maturity securities, without single maturity date, amortized cost	4,082
Amortized Cost	4,082	4,120
Debt Securities, Held-to-Maturity, Fair Value, Maturity [Abstract]
Held to maturity securities, without single maturity date, fair value	3,714
Total securities held-to-maturity, fair value	3,714	3,718
Private label mortgage-backed
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]
Held to maturity securities, without single maturity date, amortized cost	7,500
Amortized Cost	7,500	7,541
Debt Securities, Held-to-Maturity, Fair Value, Maturity [Abstract]
Held to maturity securities, without single maturity date, fair value	7,047
Total securities held-to-maturity, fair value	7,047	$ 6,990
Other asset backed
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity [Abstract]
Held to maturity securities, without single maturity date, amortized cost	0
Debt Securities, Held-to-Maturity, Fair Value, Maturity [Abstract]
Held to maturity securities, without single maturity date, fair value	$ 0

Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Fair Values of Financial Instruments [Abstract]

Estimated Recorded Book Balances and Fair Values

The estimated recorded book balances and fair values follow:


					Fair Value Using
	Recorded Book Balance		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Un- observable Inputs (Level 3)
	(In thousands)
March 31, 2025
Assets
Cash and due from banks	$	60,566	$	60,566	$	60,566	$	—	$	—
Interest bearing deposits	67,579		67,579		67,579		—		—
Securities available for sale	529,676		529,676		—		529,676		—
Securities held to maturity	336,928		302,579		—		302,579		—
Federal Home Loan Bank and Federal
Reserve Bank Stock	15,587		NA		NA		NA		NA
Net loans and loans held for sale	4,022,170		3,825,830		—		9,514		3,816,316
Accrued interest receivable	18,807		18,807		139		5,245		13,423
Derivative financial instruments	33,631		33,631		—		33,631		—

Liabilities
Deposits with no stated maturity (1)	$	3,810,665	$	3,810,665	$	3,810,665	$	—	$	—
Deposits with stated maturity (1)	823,266		821,048		—		821,048		—
Other borrowings	45,014		45,014		—		45,014		—
Subordinated debt	39,605		40,226		—		40,226		—
Subordinated debentures	39,813		39,899		—		39,899		—
Accrued interest payable	3,992		3,992		362		3,630		—
Derivative financial instruments	18,699		18,699		—		18,699		—

December 31, 2024
Assets
Cash and due from banks	$	56,984	$	56,984	$	56,984	$	—	$	—
Interest bearing deposits	62,898		62,898		62,898		—		—
Securities available for sale	559,182		559,182		—		559,182		—
Securities held to maturity	339,436		301,860		—		301,860		—
Federal Home Loan Bank and Federal
Reserve Bank Stock	16,099		NA		NA		NA		NA
Net loans and loans held for sale	3,987,089		3,772,862		—		7,643		3,765,219
Accrued interest receivable	19,113		19,113		46		5,606		13,461
Derivative financial instruments	37,059		37,059		—		37,059		—

Liabilities
Deposits with no stated maturity (1)	$	3,806,185	$	3,806,185	$	3,806,185	$	—	$	—
Deposits with stated maturity (1)	847,903		845,534		—		845,534		—
Other borrowings	45,009		44,996		—		44,996		—
Subordinated debt	39,586		40,412		—		40,412		—
Subordinated debentures	39,796		40,235		—		40,235		—
Accrued interest payable	3,109		3,109		374		2,735		—
Derivative financial instruments	18,623		18,623		—		18,623		—


(1)			Deposits with no stated maturity include reciprocal deposits with a recorded book balance of $802.937 million and $797.224 million at March 31, 2025 and December 31, 2024, respectively. Deposits with a stated maturity include reciprocal deposits with a recorded book balance of $107.589 million and $109.807 million at March 31, 2025 and December 31, 2024, respectively.

Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Lease, Cost [Abstract]
Operating lease cost	$ 326	$ 346
Variable lease cost	8	11
Short-term lease cost	20	24
Total	$ 354	$ 381

New Accounting Standards (Policies)	3 Months Ended
New Accounting Standards (Policies)	Mar. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Standards	In December, 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures". This ASU modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). This ASU also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions, among other changes. This ASU takes effect in annual reporting periods beginning after December 15, 2024, with early adoption permitted. The adoption of this ASU on January 1, 2025, did not have a material impact on our interim Condensed Consolidated Financial Statements. In December, 2024, the FASB issued ASU 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". This ASU requires public business entities to disaggregate certain expense captions into specific categories in disclosures within the footnotes to the consolidated financial statements. This ASU takes effect in annual reporting periods beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. We do not expect the adoption of this ASU to have a material impact on our interim Condensed Consolidated Financial Statements.

Income Tax	3 Months Ended
Income Tax	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income Tax	Income Tax Income tax expense was $3.5 million and $3.8 million during the three month periods ended March 31, 2025 and 2024, respectively. Our actual federal income tax expense is different than the amount computed by applying our statutory income tax rate to our income before income tax primarily due to tax-exempt interest income and tax-exempt income from the increase in the cash surrender value on life insurance. In addition, the three month periods ending March 31, 2025 and 2024 include reductions of $0.30 million and $0.11 million, respectively, of income tax expense related to the impact of the excess value of stock awards that vested and stock options that were exercised as compared to the initial fair values that were expensed. We assess whether a valuation allowance should be established against our deferred tax assets based on the consideration of all available evidence using a “more likely than not” standard. The ultimate realization of this asset is primarily based on generating future income. We concluded at March 31, 2025, March 31, 2024 and December 31, 2024 that the realization of substantially all of our deferred tax assets continues to be more likely than not. At both March 31, 2025 and December 31, 2024, we had approximately $0.2 million, respectively, of gross unrecognized tax benefits. We do not expect the total amount of unrecognized tax benefits to significantly increase or decrease during the remainder of 2025.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Share Based Compensation

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share Based Compensation

We maintain share based payment plans that include a non-employee director stock purchase plan and a long-term incentive plan that permits the issuance of share based compensation, including stock options and non-vested share awards. The long-term incentive plan, which is shareholder approved, permits the grant of additional share based awards for up to 0.3 million shares of common stock as of March 31, 2025. The non-employee director stock purchase plan permits the issuance of additional share based payments for up to 0.1 million shares of common stock as of March 31, 2025. Share based awards and payments are measured at fair value at the date of grant and are expensed over the requisite service period. Common shares issued upon exercise of stock options come from currently authorized but unissued shares.

A summary of restricted stock and performance stock units (“PSU”) granted pursuant to our long-term incentive plan follows:


	Three Months Ended March 31,
		2025	2024

Restricted stock		52,019	80,355
PSU		16,364	18,822

The shares of restricted stock and PSUs shown in the above table cliff vest after a period of three years. The performance criteria of the PSUs is split evenly between a comparison of (i) our total shareholder return and (ii) our return on average assets each over the three year period starting on the grant date to these same criteria over that period to an index of our banking peers.

Our directors may elect to receive all or a portion of their cash retainer fees in the form of common stock (either on a current basis or on a deferred basis) pursuant to the non-employee director stock purchase plan referenced above. Shares equal in value to that portion of each director’s fees that he or she has elected to receive in stock on a current basis are issued each quarter and vest immediately. Shares issued on a deferred basis are credited at the rate of 90% of the current fair value of our common stock and vest immediately. During the three month periods ended March 31, 2025 and 2024 we issued 0.002 million and 0.002 million shares, respectively and expensed their value during those same periods.

Total compensation expense recognized for grants pursuant to our long-term incentive plan was $0.7 million during both three month periods ended March 31, 2025 and 2024, respectively. The corresponding tax benefit relating to this expense was $0.1 million during both three month periods ended March 31, 2025 and 2024, respectively. Total expense recognized for non-employee director share based payments was $0.06 million and $0.07 million during three month periods ended March 31, 2025 and 2024, respectively. The corresponding tax benefit relating to this expense was $0.01 million and $0.01 million for three month periods ended March 31, 2025 and 2024, respectively.

At March 31, 2025, the total expected compensation cost related to non-vested restricted stock and PSUs not yet recognized was $4.7 million. The weighted-average period over which this amount will be recognized is 2.3 years.

A summary of outstanding stock option grants and related transactions follows:


	Number of Shares	Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)	Aggregated Intrinsic Value
					(In thousands)
Outstanding at January 1, 2025	5,583	$	13.43
Granted	—
Exercised	(2,793)	13.43
Forfeited	—
Expired	—
Outstanding at March 31, 2025	2,790	$	13.43	1.9	$	48

Vested and expected to vest at March 31, 2025	2,790	$	13.43	1.9	$	48
Exercisable at March 31, 2025	2,790	$	13.43	1.9	$	48

A summary of outstanding non-vested stock and related transactions follows:


	Number of Shares	Weighted- Average Grant Date Fair Value
Outstanding at January 1, 2025	266,986	$	24.64
Granted	68,383	37.29
Vested	(66,502)	27.58
Forfeited	(1,014)	25.76
Outstanding at March 31, 2025	267,853	$	27.34

Certain information regarding options exercised during the periods follows:


	Three Months Ended March 31,
		2025		2024
	(In thousands)
Intrinsic value		$	64	$	91
Cash proceeds received		$	—	$	—
Tax benefit realized		$	13	$	19

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Interest Income
Interest and fees on loans	$ 57,768	$ 55,043
Interest on securities
Taxable	4,036	5,251
Tax-exempt	2,770	3,391
Other investments	1,570	1,441
Total Interest Income	66,144	65,126
Interest Expense
Deposits	20,955	22,810
Other borrowings and subordinated debt and debentures	1,504	2,119
Total Interest Expense	22,459	24,929
Net Interest Income	43,685	40,197
Provision for credit losses	721	744
Net Interest Income After Provision for Credit Losses	42,964	39,453
Non-interest Income
Interchange income	3,127	3,151
Service charges on deposit accounts	2,814	2,872
Net gains (losses) on assets
Mortgage loans	2,303	1,364
Securities available for sale	(330)	(269)
Mortgage loan servicing, net	(636)	2,725
Other	3,146	2,718
Total Non-interest Income	10,424	12,561
Non-interest Expense
Compensation and employee benefits	20,383	20,770
Data processing	3,729	3,255
Occupancy, net	2,223	2,074
Interchange expense	1,119	1,097
Furniture, fixtures and equipment	885	954
Advertising	861	491
Loan and collection	786	512
FDIC deposit insurance	711	782
Communications	591	615
Legal and professional	479	486
Costs (recoveries) related to unfunded lending commitments	196	(652)
Other	2,299	1,809
Total Non-interest Expense	34,262	32,193
Income Before Income Tax	19,126	19,821
Income tax expense	3,536	3,830
Net Income	$ 15,590	$ 15,991
Net Income Per Common Share
Basic (in dollars per share)	$ 0.74	$ 0.77
Diluted (in dollars per share)	$ 0.74	$ 0.76

Share Based Compensation - Options Exercised During the Periods (Details) - Share-Based Payment Arrangement, Option - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Intrinsic value	$ 64	$ 91
Cash proceeds received	0	0
Tax benefit realized	$ 13	$ 19

Loans - Narrative (Details) $ in Thousands	3 Months Ended
Loans - Narrative (Details) $ in Thousands	Mar. 31, 2025 USD ($) loan payment	Mar. 31, 2024 USD ($) loan	Dec. 31, 2024 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Troubled loan modification, term increase	12 years
Troubled loan modification, nonaccrual, term increase		7 years 2 months 12 days
Troubled loan modification, subsequent default	$ 0
Past due period for modified loans	90 days
Number of consecutive payments for mortgage loans missed \| payment	4
Real estate acquired through foreclosure	$ 400		$ 900
Mortgage loans in process of foreclosure, amount	3,000		$ 2,000
Proceeds from the sale of loans held for investment	8,912	$ 6,808
Mortgage loans	2,303	1,364
Fixed Rate Residential Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Proceeds from the sale of loans held for investment	8,800	6,800
Mortgage loans	$ 200	$ 100
Mortgage \| 1-4 family owner occupied - non-jumbo
Financing Receivable, Allowance for Credit Loss [Line Items]
Troubled loan modification, number of loans \| loan	2
Troubled loan modification	$ 110
Troubled loan modifications to total loans, percentage	0.10%
Modification, nonaccrual, number of loans \| loan		2
Troubled loan modification, nonaccrual		$ 310
Troubled loan modifications to total loans, nonaccrual, percentage		0.001
Mortgage \| 1-4 family owner occupied - non-jumbo \| Contractual Interest Rate Reduction
Financing Receivable, Allowance for Credit Loss [Line Items]
Troubled loan modification, interest rate reduction, percent	4.75%
Mortgage \| 1-4 family - 2nd lien
Financing Receivable, Allowance for Credit Loss [Line Items]
Modification, nonaccrual, number of loans \| loan		1
Troubled loan modification, nonaccrual		$ 70
Troubled loan modifications to total loans, nonaccrual, percentage		0.001
Installment \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Modification, nonaccrual, number of loans \| loan		1
Troubled loan modification, nonaccrual		$ 10
Troubled loan modifications to total loans, nonaccrual, percentage		0.001

Shareholders' Equity and Earnings Per Common Share - Earnings Per Share Reconciliation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Earnings Per Share Reconciliation [Abstract]
Net income	$ 15,590	$ 15,991
Weighted average shares outstanding (in shares)	20,943	20,877
Stock units for deferred compensation plan for non-employee directors (in shares)	177	175
Performance share units (in shares)	28	25
Effect of stock options (in shares)	2	3
Weighted average shares outstanding for calculation of diluted earnings per share (in shares)	21,150	21,080
Net income per common share
Basic (in dollars per share)	$ 0.74	$ 0.77
Diluted (in dollars per share)	$ 0.74	$ 0.76

Loans - Loan Ratings by Loan Class, Commercial (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 4,072,691		$ 4,038,825
Accrued interest excluded from total	13,423		13,461
Current period gross charge-offs	618	$ 812
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	76,666		338,456
Financing receivable, year two, originated, fiscal year before current fiscal year	351,039		378,767
Financing receivable, year three, originated, two years before current fiscal year	384,776		314,851
Financing receivable, year four, originated, three years before current fiscal year	315,697		157,670
Financing receivable, year five, originated, four years before current fiscal year	148,422		128,800
Financing receivable, originated, more than five years before current fiscal year	375,988		278,672
Revolving Loans Amortized Cost Basis	339,599		340,148
Total loans	1,992,187		1,937,364
Accrued interest, current fiscal year	280		1,220
Accrued interest, fiscal year before current	1,149		1,110
Accrued interest, two years before current	1,245		989
Accrued interest, three years before current	810		383
Accrued interest, four years before current	335		473
Accrued interest, more than five years before current fiscal year	1,354		999
Accrued interest, revolving	1,307		1,322
Accrued interest excluded from total	6,480		6,496
Gross charge-offs, current fiscal year	0		0
Gross charge-offs, fiscal year before current	0		0
Gross charge-offs, two years before current	0		0
Gross charge-offs, three years before current	0		0
Gross charge-offs, four years before current	0		0
Gross charge-offs, more than five years before current	0		4
Gross charge-offs, revolving	0		0
Current period gross charge-offs	0	$ 0	4
Commercial \| Non-watch (1-6)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	76,666		325,415
Financing receivable, year two, originated, fiscal year before current fiscal year	346,064		373,660
Financing receivable, year three, originated, two years before current fiscal year	379,354		295,951
Financing receivable, year four, originated, three years before current fiscal year	296,736		146,278
Financing receivable, year five, originated, four years before current fiscal year	142,290		122,897
Financing receivable, originated, more than five years before current fiscal year	360,662		273,052
Revolving Loans Amortized Cost Basis	307,084		315,452
Total loans	1,908,856		1,852,705
Commercial \| Watch (7-8)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		10,348
Financing receivable, year two, originated, fiscal year before current fiscal year	2,442		3,055
Financing receivable, year three, originated, two years before current fiscal year	2,981		17,258
Financing receivable, year four, originated, three years before current fiscal year	17,591		9,002
Financing receivable, year five, originated, four years before current fiscal year	3,317		5,636
Financing receivable, originated, more than five years before current fiscal year	14,326		4,736
Revolving Loans Amortized Cost Basis	28,092		20,183
Total loans	68,749		70,218
Commercial \| Substandard Accrual (9)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		2,693
Financing receivable, year two, originated, fiscal year before current fiscal year	2,533		2,052
Financing receivable, year three, originated, two years before current fiscal year	2,363		1,642
Financing receivable, year four, originated, three years before current fiscal year	1,370		2,343
Financing receivable, year five, originated, four years before current fiscal year	2,769		267
Financing receivable, originated, more than five years before current fiscal year	997		877
Revolving Loans Amortized Cost Basis	4,423		4,513
Total loans	14,455		14,387
Commercial \| Non-Accrual (10-11)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		0
Financing receivable, year two, originated, fiscal year before current fiscal year	0		0
Financing receivable, year three, originated, two years before current fiscal year	78		0
Financing receivable, year four, originated, three years before current fiscal year	0		47
Financing receivable, year five, originated, four years before current fiscal year	46		0
Financing receivable, originated, more than five years before current fiscal year	3		7
Revolving Loans Amortized Cost Basis	0		0
Total loans	127		54
Commercial \| Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	44,386		196,302
Financing receivable, year two, originated, fiscal year before current fiscal year	203,090		142,377
Financing receivable, year three, originated, two years before current fiscal year	157,022		145,523
Financing receivable, year four, originated, three years before current fiscal year	130,896		82,482
Financing receivable, year five, originated, four years before current fiscal year	74,961		78,831
Financing receivable, originated, more than five years before current fiscal year	174,439		106,624
Revolving Loans Amortized Cost Basis	270,340		249,190
Total loans	1,055,134		1,001,329
Accrued interest, current fiscal year	161		612
Accrued interest, fiscal year before current	643		478
Accrued interest, two years before current	546		361
Accrued interest, three years before current	346		217
Accrued interest, four years before current	170		342
Accrued interest, more than five years before current fiscal year	682		341
Accrued interest, revolving	1,014		959
Accrued interest excluded from total	3,562		3,310
Gross charge-offs, current fiscal year	0		0
Gross charge-offs, fiscal year before current	0		0
Gross charge-offs, two years before current	0		0
Gross charge-offs, three years before current	0		0
Gross charge-offs, four years before current	0		0
Gross charge-offs, more than five years before current	0		4
Gross charge-offs, revolving	0		0
Current period gross charge-offs	0		4
Commercial \| Commercial and industrial \| Non-watch (1-6)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	44,386		183,261
Financing receivable, year two, originated, fiscal year before current fiscal year	198,954		137,270
Financing receivable, year three, originated, two years before current fiscal year	152,004		142,630
Financing receivable, year four, originated, three years before current fiscal year	128,312		71,225
Financing receivable, year five, originated, four years before current fiscal year	68,962		72,928
Financing receivable, originated, more than five years before current fiscal year	165,168		106,086
Revolving Loans Amortized Cost Basis	256,218		242,573
Total loans	1,014,004		955,973
Commercial \| Commercial and industrial \| Watch (7-8)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		10,348
Financing receivable, year two, originated, fiscal year before current fiscal year	1,603		3,055
Financing receivable, year three, originated, two years before current fiscal year	2,981		1,251
Financing receivable, year four, originated, three years before current fiscal year	1,214		9,002
Financing receivable, year five, originated, four years before current fiscal year	3,317		5,636
Financing receivable, originated, more than five years before current fiscal year	8,946		336
Revolving Loans Amortized Cost Basis	9,699		2,104
Total loans	27,760		31,732
Commercial \| Commercial and industrial \| Substandard Accrual (9)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		2,693
Financing receivable, year two, originated, fiscal year before current fiscal year	2,533		2,052
Financing receivable, year three, originated, two years before current fiscal year	1,959		1,642
Financing receivable, year four, originated, three years before current fiscal year	1,370		2,208
Financing receivable, year five, originated, four years before current fiscal year	2,636		267
Financing receivable, originated, more than five years before current fiscal year	322		195
Revolving Loans Amortized Cost Basis	4,423		4,513
Total loans	13,243		13,570
Commercial \| Commercial and industrial \| Non-Accrual (10-11)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		0
Financing receivable, year two, originated, fiscal year before current fiscal year	0		0
Financing receivable, year three, originated, two years before current fiscal year	78		0
Financing receivable, year four, originated, three years before current fiscal year	0		47
Financing receivable, year five, originated, four years before current fiscal year	46		0
Financing receivable, originated, more than five years before current fiscal year	3		7
Revolving Loans Amortized Cost Basis	0		0
Total loans	127		54
Commercial \| Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	32,280		142,154
Financing receivable, year two, originated, fiscal year before current fiscal year	147,949		236,390
Financing receivable, year three, originated, two years before current fiscal year	227,754		169,328
Financing receivable, year four, originated, three years before current fiscal year	184,801		75,188
Financing receivable, year five, originated, four years before current fiscal year	73,461		49,969
Financing receivable, originated, more than five years before current fiscal year	201,549		172,048
Revolving Loans Amortized Cost Basis	69,259		90,958
Total loans	937,053		936,035
Accrued interest, current fiscal year	119		608
Accrued interest, fiscal year before current	506		632
Accrued interest, two years before current	699		628
Accrued interest, three years before current	464		166
Accrued interest, four years before current	165		131
Accrued interest, more than five years before current fiscal year	672		658
Accrued interest, revolving	293		363
Accrued interest excluded from total	2,918		3,186
Gross charge-offs, current fiscal year	0		0
Gross charge-offs, fiscal year before current	0		0
Gross charge-offs, two years before current	0		0
Gross charge-offs, three years before current	0		0
Gross charge-offs, four years before current	0		0
Gross charge-offs, more than five years before current	0		0
Gross charge-offs, revolving	0		0
Current period gross charge-offs	0		0
Commercial \| Commercial real estate \| Non-watch (1-6)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	32,280		142,154
Financing receivable, year two, originated, fiscal year before current fiscal year	147,110		236,390
Financing receivable, year three, originated, two years before current fiscal year	227,350		153,321
Financing receivable, year four, originated, three years before current fiscal year	168,424		75,053
Financing receivable, year five, originated, four years before current fiscal year	73,328		49,969
Financing receivable, originated, more than five years before current fiscal year	195,494		166,966
Revolving Loans Amortized Cost Basis	50,866		72,879
Total loans	894,852		896,732
Commercial \| Commercial real estate \| Watch (7-8)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		0
Financing receivable, year two, originated, fiscal year before current fiscal year	839		0
Financing receivable, year three, originated, two years before current fiscal year	0		16,007
Financing receivable, year four, originated, three years before current fiscal year	16,377		0
Financing receivable, year five, originated, four years before current fiscal year	0		0
Financing receivable, originated, more than five years before current fiscal year	5,380		4,400
Revolving Loans Amortized Cost Basis	18,393		18,079
Total loans	40,989		38,486
Commercial \| Commercial real estate \| Substandard Accrual (9)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		0
Financing receivable, year two, originated, fiscal year before current fiscal year	0		0
Financing receivable, year three, originated, two years before current fiscal year	404		0
Financing receivable, year four, originated, three years before current fiscal year	0		135
Financing receivable, year five, originated, four years before current fiscal year	133		0
Financing receivable, originated, more than five years before current fiscal year	675		682
Revolving Loans Amortized Cost Basis	0		0
Total loans	1,212		817
Commercial \| Commercial real estate \| Non-Accrual (10-11)
Financing Receivable, Credit Quality Indicator [Line Items]
Financing receivable, year one, originated, current fiscal year	0		0
Financing receivable, year two, originated, fiscal year before current fiscal year	0		0
Financing receivable, year three, originated, two years before current fiscal year	0		0
Financing receivable, year four, originated, three years before current fiscal year	0		0
Financing receivable, year five, originated, four years before current fiscal year	0		0
Financing receivable, originated, more than five years before current fiscal year	0		0
Revolving Loans Amortized Cost Basis	0		0
Total loans	$ 0		$ 0

Goodwill and Other Intangibles - Summary of Estimated Core Deposits Intangible Amortization (Details) $ in Thousands	Mar. 31, 2025 USD ($)
Summary of estimated core deposits intangible amortization [Abstract]
Nine months ending December 31, 2025	$ 365
2026	460
2027	434
2028	107
Total	$ 1,366

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Common stock, dividends declared (in dollars per share)	$ 0.26	$ 0.24
Stock repurchased during period (in shares)	1,093
Share-based payment arrangement, shares issued, after forfeiture (in shares)	106,099	102,324
Share-based payment arrangement, shares withheld for tax withholding obligation (in shares)	33,398	39,683

- Definition

+ References + Details

Revenue from Contracts with Customers

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

We account for revenue in accordance with ASC Topic 606, Revenue from Contracts with Customers. We derive the majority of our revenue from financial instruments and their related contractual rights and obligations which for the most part are excluded from the scope of this topic. These sources of revenue that are excluded from the scope of this topic include interest income, net gains on mortgage loans, net losses on securities AFS, mortgage loan servicing, net and bank owned life insurance and were approximately 88.5% and 89.0% of total revenues for the three month periods ending March 31, 2025 and 2024, respectively.

Material sources of revenue that are included in the scope of this topic include service charges on deposit accounts, other deposit related income, interchange income and investment and insurance commissions and are discussed in the following

paragraphs. Generally these sources of revenue are earned at the time the service is delivered or over the course of a monthly period and do not result in any contract asset or liability balance at any given period end. As a result, there were no contract assets or liabilities recorded as of March 31, 2025 and December 31, 2024, respectively.

Service charges on deposit accounts and other deposit related income: Revenues are earned on depository accounts for commercial and retail customers and include fees for transaction-based, account maintenance and overdraft services. Transaction-based fees, which includes services such as ATM use fees, stop payment charges and ACH fees are recognized at the time the transaction is executed as that is the time we fulfill our customer’s request. Account maintenance fees, which includes monthly maintenance services are earned over the course of a month representing the period over which the performance obligation is satisfied. Our obligation for overdraft services is satisfied at the time of the overdraft.

Interchange income: Interchange income primarily includes debit card interchange and network revenues. Debit card interchange and network revenues are earned on debit card transactions conducted through payment networks such as MasterCard and Accel. Interchange income is recognized concurrently with the delivery of services on a daily basis. Interchange and network revenues are presented gross of interchange expenses, which are presented separately as a component of non-interest expense.

Investment and insurance commissions: Investment and insurance commissions include fees and commissions from asset management, custody, recordkeeping, investment advisory and other services provided to our customers. Revenue is recognized on an accrual basis at the time the services are performed and generally based on either the market value of the assets managed or the services provided. We have an agent relationship with a third party provider of these services and net certain direct costs charged by the third party provider associated with providing these services to our customers.

Net (gains) losses on other real estate and repossessed assets: We record a gain or loss from the sale of other real estate when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. If we were to finance the sale of other real estate to the buyer, we would assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction is probable. Once these criteria are met, the other real estate asset would be derecognized and the gain or loss on sale would be recorded upon the transfer of control of the property to the buyer. There were no other real estate properties sold during the three month periods ending March 31, 2025 and 2024 that were financed by us.



	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
Three months ending March 31, 2025	(In thousands)
Retail
Overdraft fees	$	2,108	$	—	$	—	$	—	$	2,108
Account service charges	593		—		—		—		593
ATM fees	—		355		—		—		355
Other	—		184		—		—		184
Business
Overdraft fees	113		—		—		—		113
ATM fees	—		10		—		—		10
Other	—		99		—		—		99
Interchange income	—		—		3,127		—		3,127
Asset management revenue	—		—		—		410		410
Transaction based revenue	—		—		—		343		343

Total	$	2,814	$	648	$	3,127	$	753	$	7,342

Reconciliation to interim Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	648
Investment and insurance commissions									753
Bank owned life insurance (1)									296
Other (1)									1,449
Total									$	3,146

(1)Excluded from the scope of ASC Topic 606.



	Service Charges on Deposit Accounts		Other Deposit Related Income		Interchange Income		Investment and Insurance Commissions		Total
Three months ending March 31, 2024	(In thousands)
Retail
Overdraft fees	$	2,189	$	—	$	—	$	—	$	2,189
Account service charges	573		—		—		—		573
ATM fees	—		383		—		—		383
Other	—		250		—		—		250
Business
Overdraft fees	110		—		—		—		110
ATM fees	—		11		—		—		11
Other	—		104		—		—		104
Interchange income	—		—		3,151		—		3,151
Asset management revenue	—		—		—		493		493
Transaction based revenue	—		—		—		311		311

Total	$	2,872	$	748	$	3,151	$	804	$	7,575

Reconciliation to interim Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income									$	748
Investment and insurance commissions									804
Bank owned life insurance (1)									181
Other (1)									985
Total									$	2,718

(1)Excluded from the scope of ASC Topic 606.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Contingencies - Narrative (Details) $ / shares in Units, $ in Millions		3 Months Ended
	May 06, 2024 shares	Mar. 31, 2025	May 02, 2025 USD ($) $ / shares
VISA Class A Stock
Summary of Investment Holdings [Line Items]
Current conversion ratio		1.5342
VISA Class A Stock \| Subsequent Event
Summary of Investment Holdings [Line Items]
Closing price (in dollars per share) \| $ / shares			$ 347.60
VISA Class B-1
Summary of Investment Holdings [Line Items]
Number of shares owned (in shares)	6,283
VISA Class B-1 \| Subsequent Event
Summary of Investment Holdings [Line Items]
Current value of shares owned \| $			$ 3.4
Visa \| Common Stock, Class B-1
Summary of Investment Holdings [Line Items]
Number of shares owned (in shares)	12,566
Visa \| Common Stock, Class C
Summary of Investment Holdings [Line Items]
Exchange offer, shares received (in shares)	2,493
Exchange offer, conversion ratio, non-affiliated holder (in shares)	4

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

We are required to record derivatives on our interim Condensed Consolidated Statements of Financial Condition as assets and liabilities measured at their fair value. The accounting for increases and decreases in the value of derivatives depends upon the use of derivatives and whether the derivatives qualify for hedge accounting.

Our derivative financial instruments according to the type of hedge in which they are designated follows:


	March 31, 2025
	Notional Amount		Average Maturity (years)	Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreement - commercial	$	5,546	4.1	$	275
Pay-fixed interest rate swap agreements - securities available for sale	148,895		2.6	10,890
Pay-fixed interest rate swap agreements - installment	100,000		2.2	(605)
Pay-fixed interest rate swap agreements - mortgage	127,000		2.3	(681)
Interest rate cap agreements - securities available for sale	40,970		3.1	179
Total	$	422,411	2.5	$	10,058

Cash flow hedge designation
Interest rate floor agreements - commercial	$	375,000	2.1	$	4,362
Interest rate cap agreements - short-term funding liabilities	25,000		3.2	175
Total	400,000		2.1	4,537

No hedge designation
Rate-lock mortgage loan commitments	$	24,069	0.1	$	368
Mandatory commitments to sell mortgage loans	33,741		0.1	(31)
Pay-fixed interest rate swap agreements - commercial	595,112		5.0	4,050
Pay-variable interest rate swap agreements - commercial	595,112		5.0	(4,050)
Total	$	1,248,034	4.7	$	337


	December 31, 2024
	Notional Amount		Average Maturity (years)	Fair Value
	(Dollars in thousands)
Fair value hedge designation
Pay-fixed interest rate swap agreement - commercial	$	5,647	4.4	$	361
Pay-fixed interest rate swap agreements - securities available for sale	148,895		2.8	13,265
Pay-fixed interest rate swap agreements - installment	100,000		2.4	77
Pay-fixed interest rate swap agreements - mortgage	147,000		2.2	283
Interest rate cap agreements - securities available for sale	40,970		3.3	334
Total	$	442,512	2.6	$	14,320

Cash flow hedge designation
Interest rate floor agreements - commercial	$	375,000	2.3	$	3,642
Interest rate cap agreements - short-term funding liabilities	25,000		3.4	312
Total	400,000		2.1	3,954

No hedge designation
Rate-lock mortgage loan commitments	12,703		0.1	100
Mandatory commitments to sell mortgage loans	19,874		0.1	62
Pay-fixed interest rate swap agreements - commercial	538,053		5.0	13,325
Pay-variable interest rate swap agreements - commercial	538,053		5.0	(13,325)
Total	$	1,108,683	4.9	$	162

We have established management objectives and strategies that include interest-rate risk parameters for maximum fluctuations in net interest income and market value of portfolio equity. We monitor our interest rate risk position via simulation modeling reports. The goal of our asset/liability management efforts is to maintain profitable financial leverage within established risk parameters.

We have entered into pay-fixed interest rate swaps and caps to protect a portion of the fair value of a certain fixed rate commercial loan and certain mortgage and installment loans (‘‘Fair Value Hedge – Portfolio Loans’’). As a result, changes in the fair values of the pay-fixed interest rate swaps and caps are expected to offset changes in the fair values of the fixed rate portfolio loans due to fluctuations in interest rates. We record the fair values of Fair Value Hedge – Portfolio Loans in accrued income and other assets and accrued expenses and other liabilities on our interim Condensed Consolidated Statements of Financial Condition. The hedged items (a fixed rate commercial loan and certain fixed rate mortgage and installment loans) are also recorded at fair value which offsets the adjustment to the Fair Value Hedge – Portfolio Loans. On an ongoing basis, we adjust our interim Condensed Consolidated Statements of Financial Condition to reflect the then current fair values of both the Fair Value Hedge – Portfolio Loans and the hedged items. The related gains or losses are reported in interest income – interest and fees on loans in our interim Condensed Consolidated Statements of Operations. During the second quarter of 2023 we terminated the interest rate cap that was previously hedging certain installment loans. The remaining unrealized gain on this terminated interest cap is being amortized into earnings over the original life of the interest rate cap.

We have entered into pay-fixed interest rate swap and interest rate cap agreements to protect a portion of the fair value of certain securities available for sale (‘‘Fair Value Hedge – AFS Securities’’). As a result, the change in the fair value of the pay-fixed interest rate swap and interest rate cap agreements is expected to offset a portion of the change in the fair value of the fixed rate securities available for sale due to fluctuations in interest rates. We record the fair value of Fair Value Hedge – AFS Securities in accrued income and other assets and accrued expenses and other liabilities on our interim Condensed Consolidated Statements of Financial Condition. The hedged items (fixed rate securities available for sale) are also recorded at fair value which offsets the adjustment to the Fair Value Hedge – AFS Securities. On an ongoing basis, we

adjust our interim Condensed Consolidated Statements of Financial Condition to reflect the then current fair value of both the Fair Value Hedge – AFS Securities and the hedged item. The related gains or losses are reported in interest income – interest on securities – tax-exempt in our interim Condensed Consolidated Statements of Operations.

During the first quarter of 2024, we had entered into a pay-variable interest rate swap, whereby the counterparty owned the right to cancel the trade, to protect a portion of the fair value of a certain Federal Home Loan Bank ("FHLB") advance (‘‘Fair Value Hedge – FHLB Advance’’). As a result, changes in the fair value of the pay-variable interest rate swap was expected to offset changes in the fair value of the fixed rate FHLB advance due to fluctuations in interest rates. We recorded the fair value of the Fair Value Hedge – FHLB Advance in accrued income and other assets and accrued expenses and other liabilities on our interim Condensed Consolidated Statements of Financial Condition. The hedged item (a fixed rate FHLB advance callable at our option) was also recorded at fair value which offset the adjustment to the Fair Value Hedge – FHLB Advance. On an ongoing basis, we adjusted our interim Condensed Consolidated Statements of Financial Condition to reflect the then current fair values of both the Fair Value Hedge – FHLB Advance and the hedged item. The related gains or losses were reported in interest expense – other borrowings and subordinated debt and debentures in our interim Condensed Consolidated Statements of Operations. During the second quarter of 2024, the Fair Value Hedge - FHLB Advance was canceled. The fair value at the cancel date was zero.

We have entered into interest rate floor agreements to manage the variability in future expected cash flows of certain commercial loans (‘‘Cash Flow Hedge – Portfolio Loans’’). We record the fair value of Cash Flow Hedge – Portfolio Loans in accrued income and other assets and accrued expenses and other liabilities on our interim Condensed Consolidated Statements of Financial Condition. The changes in the fair value of Cash Flow Hedge - Portfolio Loans are recorded in accumulated other comprehensive loss and are reclassified into the line item in our interim Condensed Consolidated Statements of Operations in which the hedged items are recorded in the same period the hedged items affect earnings.

We have entered into an interest rate cap agreement to manage the variability in future expected cash flows of certain short-term funding liabilities (‘‘Cash Flow Hedge – Short-term Funding Liabilities’’). We record the fair value of Cash Flow Hedge – Short-term Funding Liabilities in accrued income and other assets and accrued expenses and other liabilities on our interim Condensed Consolidated Statements of Financial Condition. The changes in the fair value of Cash Flow Hedge - Short-term Funding Liabilities are recorded in accumulated other comprehensive loss and are reclassified into the line item in our interim Condensed Consolidated Statements of Operations in which the hedged items are recorded in the same period the hedged items affect earnings.

For Cash Flow Hedges, it is anticipated that as of March 31, 2025, $1.5 million will be reclassified from accumulated other comprehensive loss as a reduction to earnings over the next twelve months. The maximum term of any Cash Flow Hedge at March 31, 2025 is 3.4 years.

Certain derivative financial instruments have not been designated as hedges. The fair value of these derivative financial instruments has been recorded on our interim Condensed Consolidated Statements of Financial Condition and is adjusted on an ongoing basis to reflect their then current fair value. The changes in fair value of derivative financial instruments not designated as hedges are recognized in earnings.

In the ordinary course of business, we enter into rate-lock mortgage loan commitments with customers (“Rate-Lock Commitments”). These commitments expose us to interest rate risk. We also enter into mandatory commitments to sell mortgage loans (“Mandatory Commitments”) to reduce the impact of price fluctuations of mortgage loans held for sale and Rate-Lock Commitments. Mandatory Commitments help protect our loan sale profit margin from fluctuations in interest rates. The changes in the fair value of Rate-Lock Commitments and Mandatory Commitments are recognized currently as part of net gains on mortgage loans in our interim Condensed Consolidated Statements of Operations. We obtain market prices on Mandatory Commitments and Rate-Lock Commitments. Net gains on mortgage loans, as well as net income may be more volatile as a result of these derivative instruments, which are not designated as hedges.

We have a program that allows commercial loan customers to lock in a fixed rate for a longer period of time than we would normally offer for interest rate risk reasons. We will enter into a variable rate commercial loan and an interest rate swap agreement with a customer and then enter into an offsetting interest rate swap agreement with an unrelated party. The interest rate swap agreement fair values will generally move in opposite directions resulting in little or no net impact on our interim Condensed Consolidated Statements of Operations. All of the interest rate swap agreements - commercial with no hedge designation in the table above relate to this program.

The following tables illustrate the impact that the derivative financial instruments discussed above have on individual line items in the interim Condensed Consolidated Statements of Financial Condition for the periods presented:

Fair Values of Derivative Instruments


	Asset Derivatives						Liability Derivatives
	March 31, 2025			December 31, 2024			March 31, 2025			December 31, 2024
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
	(In thousands)
Derivatives designated as hedging instruments
Pay-fixed interest rate swap agreements	Other assets	$	11,283	Other assets	$	14,336	Other liabilities	$	1,404	Other liabilities	$	350
Interest rate cap agreements	Other assets	354		Other assets	646		Other liabilities	—		Other liabilities	—
Interest rate floor agreements	Other assets	4,362		Other assets	3,642		Other liabilities	—		Other liabilities	—
		15,999			18,624			1,404			350
Derivatives not designated as hedging instruments
Rate-lock mortgage loan commitments	Other assets	368		Other assets	100		Other liabilities	—		Other liabilities	—
Mandatory commitments to sell mortgage loans	Other assets	—		Other assets	62		Other liabilities	31		Other liabilities	—
Pay-fixed interest rate swap agreements - commercial	Other assets	10,657		Other assets	15,799		Other liabilities	6,607		Other liabilities	2,474
Pay-variable interest rate swap agreements - commercial	Other assets	6,607		Other assets	2,474		Other liabilities	10,657		Other liabilities	15,799
		17,632			18,435			17,295			18,273
Total derivatives		$	33,631		$	37,059		$	18,699		$	18,623

The effect of derivative financial instruments on the interim Condensed Consolidated Statements of Operations follows:


	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)				Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)	Loss Reclassified from Accumulated Other Comprehensive Loss into Income (Effective Portion)					Gain (Loss) Recognized in Income
	Three Month Periods Ended March 31,					Three Month Periods Ended March 31,				Location of Gain (Loss) Recognized in Income	Three Month Periods Ended March 31,
	2025		2024			2025		2024			2025		2024
											(In thousands)
Fair Value Hedges
Pay-fixed interest rate swap agreement - commercial										Interest and fees on loans	$	(85)	$	79
Pay-fixed interest rate swap agreements - securities available for sale										Interest on securities	(2,375)		1,548
Pay-fixed interest rate swap agreements - installment										Interest and fees on loans	(682)		1,688
Pay-fixed interest rate swap agreements - mortgage										Interest and fees on loans	(965)		2,002
Pay-variable interest rate swap agreements - FHLB Advance										Interest expense - other borrowings and subordinated debt and debentures	—		(25)
Interest rate cap agreements - securities available for sale	$	(155)	$	38	Interest on securities	$	(54)	$	(54)	Interest on securities	—		40

Total	$	(155)	$	38		$	(54)	$	(54)		$	(4,107)	$	5,332

Cash Flow Hedges
Interest rate floor agreements - commercial	$	752	$	(2,267)	Interest and fees on loans	$	(368)	$	(212)	Interest and fees on loans	$	(368)	$	(212)
Interest rate cap agreements - short-term funding liabilities	(131)		—		Interest expense	(2)		—		Interest expense	(2)		—
Total	$	621	$	(2,267)		$	(370)	$	(212)		$	(370)	$	(212)

No hedge designation
Rate-lock mortgage loan commitments										Net gains on mortgage loans	$	268	$	94
Mandatory commitments to sell mortgage loans										Net gains on mortgage loans	(93)		229
Pay-fixed interest rate swap agreements - commercial										Interest and fees on loans	(9,275)		5,970
Pay-variable interest rate swap agreements - commercial										Interest and fees on loans	9,275		(5,970)
Total											$	175	$	323

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Pressures from various global and national macroeconomic conditions, including significant volatility and uncertainty with U.S. and global market conditions, the direct and indirect impacts of potential changes to U.S. trade policies, recessionary concerns, uncertainty regarding future interest rates, foreign currency exchange rate fluctuations, the continuation of the Russia-Ukraine war, ongoing and potentially increasing conflict in the Middle East, and potential governmental responses to these events, continue to create significant economic uncertainty. In addition, pursuit of various initiatives announced by the Trump administration may create some degree of volatility in our customers’ businesses, regulation of the financial services industry, and the markets in which we operate. The extent to which these pressures and other factors may impact our business, results of operations, asset valuations, financial condition, and customers will depend on future developments, which continue to be highly uncertain and difficult to predict. Material adverse impacts may include all or a combination of valuation impairments on our other intangibles, goodwill, securities available for sale, securities held to maturity, loans, capitalized mortgage loan servicing rights or deferred tax assets. We continue to closely monitor and analyze the higher risk segments within our portfolio, and senior management is cautiously optimistic that we are positioned to continue managing the impact of the varied set of risks and uncertainties currently impacting the global and U.S. economies. However, a high degree of uncertainty still exists with respect to the impact of these fluid macroeconomic conditions on the future performance of our loan portfolio and our financial results. Litigation We are involved in various litigation matters in the ordinary course of business. At the present time, we do not believe any of these matters will have a significant impact on our interim condensed consolidated financial position or results of operations. The aggregate amount we have accrued for losses we consider probable as a result of these litigation matters is not material. However, because of the inherent uncertainty of outcomes from any litigation matter, we believe it is reasonably possible we may incur losses in addition to the amounts we have accrued. At this time, we estimate the maximum amount of additional losses that are reasonably possible is insignificant. However, because of a number of factors, including the fact that certain of these litigation matters are still in their early stages, this maximum amount may change in the future. The litigation matters described in the preceding paragraph primarily include claims that have been brought against us for damages, but do not include litigation matters where we seek to collect amounts owed to us by third parties (such as litigation initiated to collect delinquent loans). These excluded, collection-related matters may involve claims or counterclaims by the opposing party or parties, but we have excluded such matters from the disclosure contained in the preceding paragraph in all cases where we believe the possibility of us paying damages to any opposing party is remote. Visa Stock On May 6, 2024, we exchanged 12,566 shares of Visa Inc. Class B-1 common stock (all of the Class B-1 shares we owned) for 2,493 shares of Visa Inc. Class C common stock and 6,283 shares of Visa Inc. Class B-2 common stock pursuant to an exchange offer conducted by Visa. Each Class C share automatically converts to 4 shares of Visa Inc. Class A common stock upon a transfer to anyone other than a Visa member or an affiliate of a Visa member. The Class B-2 shares have the same transfer restrictions as the transfer restrictions on the Class B-1 shares and can only be sold to other Class B shareholders. Because of the very limited liquidity for the Class B-1 shares (prior to completion of the exchange offer) and uncertainty regarding the likelihood, ultimate timing, and eventual exchange rate for Class B-1 shares into Class A shares, we were carrying these shares at zero, representing cost basis less impairment. In light of the continued uncertainty regarding the likelihood, ultimate timing, and eventual exchange rate for Class B-2 shares into Class A shares, we are carrying the Class B-2 shares at zero, representing cost basis less impairment. However, given the current conversion ratio of 1.5342 Class A shares for every 1 Class B-2 share and the closing price of Visa Class A shares on May 2, 2025 of $347.60 per share, our 6,283 Class B-2 shares would have a current “value” of approximately $3.4 million. As a condition to our participation in the exchange offer, we were required to enter into a Makewhole Agreement that will require us to reimburse Visa in certain circumstances if certain litigation in which Visa has been involved since 2008 results in damages significantly higher than Visa currently expects. Potential payments under the Makewhole Agreement are designed to equal the decline in value we would have experienced had we not participated in Visa’s exchange offer. Based on the disclosures that have been made by Visa regarding the status of this litigation and other circumstances relating to the exchange offer and potential future, similar exchange offers, we believe the likelihood we will have to make any payments under the Makewhole Agreement is remote.

Regulatory Matters - Narrative (Details) $ in Millions	Mar. 31, 2025 USD ($)	Dec. 31, 2024
Regulatory Matters [Abstract]
Undivided profits	$ 228.5
Capital conservation buffer	0.0250	0.0250

Securities - Amortized Cost and Fair Value of Securities Available for Sale Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Maturing within one year	$ 34,413
Maturing after one year but within five years	136,630
Maturing after five years but within ten years	38,838
Maturing after ten years	200,619
Securities available-for-sale, amortized cost	410,500
Total securities available-for-sale, amortized cost	590,156	$ 621,588
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Maturing within one year	34,000
Maturing after one year but within five years	127,540
Maturing after five years but within ten years	34,632
Maturing after ten years	167,351
Total securities available-for-sale, fair value	363,523
Total securities available-for-sale, fair value	529,676	559,182
U.S. agency residential mortgage-backed
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, amortized cost	77,892
Total securities available-for-sale, amortized cost	77,892	80,589
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, fair value.	69,582
Total securities available-for-sale, fair value	69,582	71,137
U.S. agency commercial mortgage-backed
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, amortized cost	12,332
Total securities available-for-sale, amortized cost	12,332	12,821
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, fair value.	11,276
Total securities available-for-sale, fair value	11,276	11,641
Private label mortgage-backed
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, amortized cost	52,746
Total securities available-for-sale, amortized cost	52,746	74,268
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, fair value.	49,259
Total securities available-for-sale, fair value	49,259	70,035
Other asset backed
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, amortized cost	36,686
Total securities available-for-sale, amortized cost	36,686	39,232
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Available-for-sale securities, without single maturity, fair value.	36,036
Total securities available-for-sale, fair value	$ 36,036	$ 38,516

Fair Value Disclosures - Quantitative Information About Level 3 (Details)	Mar. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Mortgage and Installment \| Collateral Dependent Loans, Mortgage And Installment \| Collateral Other Than Real Estate
Asset Fair Value [Abstract]
Collateral dependent loans, fair value	$ 350,000	$ 290,000
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net
Asset Fair Value [Abstract]
Servicing asset, fair value	$ 32,171,000	$ 46,796,000
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Present value of net servicing revenue \| Float rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.0393	0.0433
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Minimum \| Present value of net servicing revenue \| Discount rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.1000	0.1000
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Minimum \| Present value of net servicing revenue \| Cost to service
Ranges and Weighted Average [Abstract]
Servicing asset	67	70
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Minimum \| Present value of net servicing revenue \| Ancillary income
Ranges and Weighted Average [Abstract]
Servicing asset	19	20
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Minimum \| Present value of net servicing revenue \| Prepayment rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.0533	0.0540
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Maximum \| Present value of net servicing revenue \| Discount rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.1751	0.1915
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Maximum \| Present value of net servicing revenue \| Cost to service
Ranges and Weighted Average [Abstract]
Servicing asset	227	817
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Maximum \| Present value of net servicing revenue \| Ancillary income
Ranges and Weighted Average [Abstract]
Servicing asset	30	30
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Maximum \| Present value of net servicing revenue \| Prepayment rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.2915	0.2828
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Weighted Average \| Present value of net servicing revenue \| Discount rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.1038	0.1037
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Weighted Average \| Present value of net servicing revenue \| Cost to service
Ranges and Weighted Average [Abstract]
Servicing asset	80	79
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Weighted Average \| Present value of net servicing revenue \| Ancillary income
Ranges and Weighted Average [Abstract]
Servicing asset	21	20
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Weighted Average \| Present value of net servicing revenue \| Float rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.0393	0.0433
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Recurring Basis \| Mortgage Loan Servicing, net \| Weighted Average \| Present value of net servicing revenue \| Prepayment rate
Ranges and Weighted Average [Abstract]
Servicing asset	0.0862	0.0754
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial
Asset Fair Value [Abstract]
Collateral dependent loans, fair value	$ 4,125,000	$ 4,337,000
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Minimum \| Discounted cash flow \| Discount rate
Ranges and Weighted Average [Abstract]
Impaired loans	0.500
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Minimum \| Discounted cash flow \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans		0.450
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Minimum \| Sales comparison approach \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans	(0.200)	(0.200)
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Maximum \| Discounted cash flow \| Discount rate
Ranges and Weighted Average [Abstract]
Impaired loans	0.650
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Maximum \| Discounted cash flow \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans		0.550
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Maximum \| Sales comparison approach \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans	0.650	0.350
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Weighted Average \| Discounted cash flow \| Discount rate
Ranges and Weighted Average [Abstract]
Impaired loans	0.587
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Weighted Average \| Discounted cash flow \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans		0.505
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Commercial \| Collateral Dependent Loans, Commercial \| Weighted Average \| Sales comparison approach \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans	(0.033)	(0.014)
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Mortgage and Installment \| Collateral Dependent Loans, Mortgage And Installment
Asset Fair Value [Abstract]
Collateral dependent loans, fair value	$ 1,209,000	$ 1,176,000
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Mortgage and Installment \| Collateral Dependent Loans, Mortgage And Installment \| Minimum \| Sales comparison approach \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans	(0.220)	(0.220)
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Mortgage and Installment \| Collateral Dependent Loans, Mortgage And Installment \| Maximum \| Sales comparison approach \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans	0.217	0.217
Significant Un- observable Inputs (Level 3) \| Measured at Fair Value on a Non-recurring Basis: \| Mortgage and Installment \| Collateral Dependent Loans, Mortgage And Installment \| Weighted Average \| Sales comparison approach \| Comparability adjustment
Ranges and Weighted Average [Abstract]
Impaired loans	(0.003)	(0.004)

Loans - Aging Analysis of Loans by Class (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Aging analysis of loans by class [Abstract]
Loans	$ 4,072,691	$ 4,038,825
Accrued interest excluded from total	13,423	13,461
Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	9,637	12,899
Accrued interest excluded from total	55	109
30-59 days
Aging analysis of loans by class [Abstract]
Loans	3,534	6,339
Accrued interest excluded from total	37	65
60-89 days
Aging analysis of loans by class [Abstract]
Loans	1,741	3,035
Accrued interest excluded from total	18	44
90+ days
Aging analysis of loans by class [Abstract]
Loans	4,362	3,525
Accrued interest excluded from total	0	0
Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	4,063,054	4,025,926
Accrued interest excluded from total	13,368	13,352
Commercial
Aging analysis of loans by class [Abstract]
Loans	1,992,187	1,937,364
Accrued interest excluded from total	6,480	6,496
Commercial \| Commercial and industrial
Aging analysis of loans by class [Abstract]
Loans	1,055,134	1,001,329
Accrued interest excluded from total	3,562	3,310
Commercial \| Commercial and industrial \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	127	132
Commercial \| Commercial and industrial \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	0	78
Commercial \| Commercial and industrial \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	0	0
Commercial \| Commercial and industrial \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	127	54
Commercial \| Commercial and industrial \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	1,055,007	1,001,197
Commercial \| Commercial real estate
Aging analysis of loans by class [Abstract]
Loans	937,053	936,035
Accrued interest excluded from total	2,918	3,186
Commercial \| Commercial real estate \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	0	0
Commercial \| Commercial real estate \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	0	0
Commercial \| Commercial real estate \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	0	0
Commercial \| Commercial real estate \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	0	0
Commercial \| Commercial real estate \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	937,053	936,035
Mortgage
Aging analysis of loans by class [Abstract]
Loans	1,512,807	1,516,726
Accrued interest excluded from total	5,374	5,357
Mortgage \| 1-4 family owner occupied - jumbo
Aging analysis of loans by class [Abstract]
Loans	877,738	875,551
Accrued interest excluded from total	2,636	2,520
Mortgage \| 1-4 family owner occupied - jumbo \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	2,141	2,899
Mortgage \| 1-4 family owner occupied - jumbo \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	661	755
Mortgage \| 1-4 family owner occupied - jumbo \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	0	664
Mortgage \| 1-4 family owner occupied - jumbo \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	1,480	1,480
Mortgage \| 1-4 family owner occupied - jumbo \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	875,597	872,652
Mortgage \| 1-4 family owner occupied - non-jumbo
Aging analysis of loans by class [Abstract]
Loans	293,404	299,142
Accrued interest excluded from total	1,105	1,160
Mortgage \| 1-4 family owner occupied - non-jumbo \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	3,599	6,249
Mortgage \| 1-4 family owner occupied - non-jumbo \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	977	3,395
Mortgage \| 1-4 family owner occupied - non-jumbo \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	1,356	1,653
Mortgage \| 1-4 family owner occupied - non-jumbo \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	1,266	1,201
Mortgage \| 1-4 family owner occupied - non-jumbo \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	289,805	292,893
Mortgage \| 1-4 family non-owner occupied
Aging analysis of loans by class [Abstract]
Loans	172,178	176,950
Accrued interest excluded from total	679	680
Mortgage \| 1-4 family non-owner occupied \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	276	329
Mortgage \| 1-4 family non-owner occupied \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	101	329
Mortgage \| 1-4 family non-owner occupied \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	26	0
Mortgage \| 1-4 family non-owner occupied \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	149	0
Mortgage \| 1-4 family non-owner occupied \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	171,902	176,621
Mortgage \| 1-4 family - 2nd lien
Aging analysis of loans by class [Abstract]
Loans	140,034	133,947
Accrued interest excluded from total	802	846
Mortgage \| 1-4 family - 2nd lien \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	1,267	1,059
Mortgage \| 1-4 family - 2nd lien \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	460	648
Mortgage \| 1-4 family - 2nd lien \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	90	66
Mortgage \| 1-4 family - 2nd lien \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	717	345
Mortgage \| 1-4 family - 2nd lien \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	138,767	132,888
Mortgage \| Resort lending
Aging analysis of loans by class [Abstract]
Loans	29,453	31,136
Accrued interest excluded from total	152	151
Mortgage \| Resort lending \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	143	143
Mortgage \| Resort lending \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	0	0
Mortgage \| Resort lending \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	0	0
Mortgage \| Resort lending \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	143	143
Mortgage \| Resort lending \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	29,310	30,993
Installment
Aging analysis of loans by class [Abstract]
Loans	567,697	584,735
Accrued interest excluded from total	1,569	1,608
Installment \| Boat lending
Aging analysis of loans by class [Abstract]
Loans	259,497	264,341
Accrued interest excluded from total	739	736
Installment \| Boat lending \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	702	467
Installment \| Boat lending \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	465	281
Installment \| Boat lending \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	68	99
Installment \| Boat lending \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	169	87
Installment \| Boat lending \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	258,795	263,874
Installment \| Recreational vehicle lending
Aging analysis of loans by class [Abstract]
Loans	215,942	224,537
Accrued interest excluded from total	556	576
Installment \| Recreational vehicle lending \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	996	1,207
Installment \| Recreational vehicle lending \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	647	622
Installment \| Recreational vehicle lending \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	83	395
Installment \| Recreational vehicle lending \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	266	190
Installment \| Recreational vehicle lending \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	214,946	223,330
Installment \| Other
Aging analysis of loans by class [Abstract]
Loans	92,258	95,857
Accrued interest excluded from total	274	296
Installment \| Other \| Financial Asset, Past Due
Aging analysis of loans by class [Abstract]
Loans	386	414
Installment \| Other \| 30-59 days
Aging analysis of loans by class [Abstract]
Loans	223	231
Installment \| Other \| 60-89 days
Aging analysis of loans by class [Abstract]
Loans	118	158
Installment \| Other \| 90+ days
Aging analysis of loans by class [Abstract]
Loans	45	25
Installment \| Other \| Loans not Past Due
Aging analysis of loans by class [Abstract]
Loans	$ 91,872	$ 95,443

Securities - Held to Maturity, Credit Quality (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	$ 336,928	$ 339,436
Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	7,337	7,350
Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	155,910	156,305
Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	46,031	45,964
Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	955	954
AAA
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	41,926	42,323
AAA \| Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	7,337	7,350
AAA \| Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	34,589	34,973
AAA \| Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
AAA \| Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
AA
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	102,609	101,112
AA \| Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
AA \| Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	102,609	101,112
AA \| Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
AA \| Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
A
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	6,963	8,478
A \| Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
A \| Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	1,960	3,473
A \| Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	5,003	5,005
A \| Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
BBB
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	36,754	36,697
BBB \| Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
BBB \| Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	650	652
BBB \| Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	36,104	36,045
BBB \| Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
BB
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	1,967	1,963
BB \| Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
BB \| Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
BB \| Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	1,967	1,963
BB \| Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
Non-rated
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	20,014	20,000
Non-rated \| Private label mortgage-backed
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	0	0
Non-rated \| Obligations of states and political subdivisions
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	16,102	16,095
Non-rated \| Corporate
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	2,957	2,951
Non-rated \| Trust preferred
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	955	954
Credit Rated and Non-rated Securities HTM
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Carrying value	$ 210,233	$ 210,573