Horizon Bancorp (HBNC) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 08, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	0-10792
Entity Registrant Name	HORIZON BANCORP, INC.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-1562417
Entity Address, Address Line One	515 Franklin Street
Entity Address, City or Town	Michigan City
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46360
City Area Code	219
Local Phone Number	879-0211
Title of 12(b) Security	Common stock, no par value
Trading Symbol	HBNC
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		43,712,059
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000706129
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 106,691	$ 112,772
Interest earning deposits	4,957	12,071
Federal funds sold	34,453	401,672
Total cash and cash equivalents	146,101	526,515
Interest earning time deposits	1,715	2,205
Investment securities, available for sale	527,054	547,251
Investment securities, held to maturity (fair value of $1,596,987 and $1,668,758)	1,904,281	1,945,638
Loans held for sale	2,440	1,418
Loans, net of allowance for credit losses of $52,215 and $50,029	4,770,625	4,367,601
Premises and equipment, net	93,695	94,583
Federal Home Loan Bank stock	53,826	34,509
Goodwill	155,211	155,211
Other intangible assets	11,910	13,626
Interest receivable	43,240	38,710
Cash value of life insurance	36,773	36,157
Other assets	165,656	177,061
Total assets	7,912,527	7,940,485
Deposits
Non–interest bearing	1,087,040	1,116,005
Interest bearing	4,543,114	4,548,888
Total deposits	5,630,154	5,664,893
Borrowings	1,357,335	1,353,050
Subordinated notes	55,668	55,543
Junior subordinated debentures issued to capital trusts	57,369	57,258
Interest payable	11,240	22,249
Other liabilities	74,096	68,680
Total liabilities	7,185,862	7,221,673
Commitments and contingent liabilities
Stockholders’ Equity
Preferred stock, Authorized, 1,000,000 shares, Issued 0 shares	0	0
Common stock, no par value, Authorized 99,000,000 shares 43,712,059 shares issued and outstanding at June 30, 2024 and 43,652,063 shares issued and outstanding at December 31, 2023	0	0
Additional paid-in capital	357,673	356,400
Retained earnings	442,977	429,021
Accumulated other comprehensive loss	(73,985)	(66,609)
Total stockholders’ equity	726,665	718,812
Total liabilities and stockholders’ equity	$ 7,912,527	$ 7,940,485

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Investment securities, held to maturity fair value	$ 1,596,987	$ 1,668,758
Loans, net of allowance for credit losses	$ 52,215	$ 50,029
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, shares authorized (in shares)	99,000,000	99,000,000
Common stock, shares issued (in shares)	43,712,059	43,652,063
Common stock, shares outstanding (in shares)	43,712,059	43,652,063

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest Income
Loans receivable	$ 71,880	$ 60,594	$ 138,834	$ 115,958
Investment securities – taxable	7,986	8,740	15,348	17,465
Investment securities – tax exempt	6,377	7,059	12,828	14,615
Other	738	475	5,235	628
Total interest income	86,981	76,868	172,245	148,666
Interest Expense
Deposits	28,447	18,958	56,437	33,777
Borrowed funds	11,213	9,718	23,143	19,489
Subordinated notes	829	881	1,660	1,761
Junior subordinated debentures issued to capital trusts	1,213	1,151	2,438	2,242
Total interest expense	41,702	30,708	83,678	57,269
Net Interest Income	45,279	46,160	88,567	91,397
Credit loss expense	2,369	680	3,174	922
Net Interest Income after Credit Loss Expense	42,910	45,480	85,393	90,475
Non–interest Income
Service charges on deposit accounts	3,130	3,021	6,344	6,049
Wire transfer fees	113	116	214	225
Interchange fees	3,826	3,584	6,935	6,451
Fiduciary activities	1,372	1,247	2,687	2,522
Gain (loss) on sale of investment securities	0	20	0	(480)
Gain on sale of mortgage loans	896	1,005	1,522	1,790
Mortgage servicing income, net	450	640	889	1,353
Increase in cash value of bank owned life insurance	318	1,015	616	1,996
Other income	380	349	1,207	711
Total non–interest income	10,485	10,997	20,414	20,617
Non–interest Expense
Salaries and employee benefits	20,583	20,162	40,851	38,874
Net occupancy expenses	3,192	3,249	6,738	6,812
Data processing	2,579	3,016	5,043	5,685
Professional fees	714	633	1,321	1,166
Outside services and consultants	3,058	2,515	6,417	5,232
Loan expense	1,038	1,397	1,757	2,515
FDIC insurance expense	1,315	840	2,635	1,380
Core deposit intangible amortization	844	903	1,716	1,806
Other losses	515	134	531	355
Other expense	3,684	3,413	7,620	6,961
Total non–interest expense	37,522	36,262	74,629	70,786
Income Before Income Taxes	15,873	20,215	31,178	40,306
Income tax expense	1,733	1,452	3,047	3,315
Net Income	$ 14,140	$ 18,763	$ 28,131	$ 36,991
Basic earnings per share (in USD per share)	$ 0.32	$ 0.43	$ 0.64	$ 0.85
Diluted earnings per share (in USD per share)	$ 0.32	$ 0.43	$ 0.64	$ 0.85

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 14,140	$ 18,763	$ 28,131	$ 36,991
Change in fair value of derivative instruments:
Change in fair value of derivative instruments for the period	0	35	0	(523)
Reclassification adjustment for swap termination gain realized in income	0	(1,453)	0	(1,453)
Income tax effect	0	299	0	415
Changes from derivative instruments	0	(1,119)	0	(1,561)
Change in securities:
Unrealized gain (loss) for the period on available for sale securities	(3,262)	(5,795)	(9,010)	12,349
Accretion from transfer of securities from available for sale to held to maturity securities	(167)	(219)	(327)	(373)
Reclassification adjustment for securities losses realized in income	0	(20)	0	480
Income tax effect	720	1,266	1,961	(2,616)
Unrealized gains (losses) on securities	(2,709)	(4,768)	(7,376)	9,840
Other Comprehensive Income (Loss), Net of Tax	(2,709)	(5,887)	(7,376)	8,279
Comprehensive Income	$ 11,431	$ 12,876	$ 20,755	$ 45,270

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2022	$ 677,375	$ 0	$ 0	$ 354,188	$ 429,385	$ (106,198)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36,991				36,991
Other comprehensive (loss) income, net of tax	8,279					8,279
Amortization of unearned compensation	1,703			1,703
Net settlement of share awards	(723)			(723)
Stock retirement plans	(215)			(215)
Cash dividends on common stock	(14,167)				(14,167)
Ending balance at Jun. 30, 2023	709,243	0	0	354,953	452,209	(97,919)
Beginning balance at Mar. 31, 2023	702,559	0	0	354,035	440,556	(92,032)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,763				18,763
Other comprehensive (loss) income, net of tax	(5,887)					(5,887)
Amortization of unearned compensation	944			944
Net settlement of share awards	(26)			(26)
Cash dividends on common stock	(7,110)				(7,110)
Ending balance at Jun. 30, 2023	709,243	0	0	354,953	452,209	(97,919)
Beginning balance at Dec. 31, 2023	718,812	0	0	356,400	429,021	(66,609)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,131				28,131
Other comprehensive (loss) income, net of tax	(7,376)					(7,376)
Amortization of unearned compensation	2,041			2,041
Net settlement of share awards	(768)			(768)
Cash dividends on common stock	(14,175)				(14,175)
Ending balance at Jun. 30, 2024	726,665	0	0	357,673	442,977	(73,985)
Beginning balance at Mar. 31, 2024	721,250	0	0	356,599	435,927	(71,276)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,140				14,140
Other comprehensive (loss) income, net of tax	(2,709)					(2,709)
Amortization of unearned compensation	1,134			1,134
Net settlement of share awards	(60)			(60)
Cash dividends on common stock	(7,090)				(7,090)
Ending balance at Jun. 30, 2024	$ 726,665	$ 0	$ 0	$ 357,673	$ 442,977	$ (73,985)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Cash dividends on common stock (in USD per share)	$ 0.16	$ 0.16	$ 0.32	$ 0.32

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net income	$ 28,131	$ 36,991
Items not requiring (providing) cash
Credit loss expense	3,174	922
Depreciation and amortization	5,170	5,268
Share based compensation	2,041	1,703
Amortization of mortgage servicing rights	942	547
Premium amortization on securities, net	4,355	5,265
Loss on sale of investment securities	0	480
Gain on sale of mortgage loans	(1,522)	(1,790)
Proceeds from sales of loans	52,329	62,541
Loans originated for sale	(52,396)	(62,312)
Gain on cash value life insurance	(616)	(1,996)
Gain on sale of other real estate owned	(74)	(121)
Net change in:
Interest receivable	(4,530)	(2,242)
Interest payable	(11,009)	7,359
Other assets	(8,855)	(299)
Other liabilities	5,323	(8,202)
Net cash provided by operating activities	22,463	44,114
Investing Activities
Purchases of securities available for sale	0	(1,385)
Proceeds from sales of securities available for sale	0	88,194
Proceeds from maturities, calls and principal repayments of securities available for sale	8,704	15,170
Purchases of securities held to maturity	(312)	(9,605)
Proceeds from maturities, calls and principal repayments of securities held to maturity	38,317	45,334
Net change in interest earning time deposits	490	360
Purchase of FHLB stock	(19,317)	(7,832)
Purchase of loans	(240,020)	(62,489)
Net change in loans	(166,999)	(48,049)
Proceeds on the sale of OREO and repossessed assets	748	1,188
Premises and equipment expenditures	(2,007)	(5,277)
Proceeds from bank owned life insurance	22,917	0
Net cash used in investing activities	(357,479)	15,609
Financing Activities
Net change in deposits	(34,738)	(148,442)
Proceeds from borrowings	512,759	584,094
Repayment of borrowings	(500,615)	(378,790)
Net change in repurchase agreements	(7,860)	3,786
Net settlement of share awards	(768)	(723)
Dividends paid on common stock	(14,176)	(14,167)
Net cash provided by financing activities	(45,398)	45,758
Net Change in Cash and Cash Equivalents	(380,414)	105,481
Cash and Cash Equivalents, Beginning of Period	526,515	123,505
Cash and Cash Equivalents, End of Period	146,101	228,986
Additional Supplemental Information
Interest paid	94,687	49,910
Income taxes paid	8,000	1,554
Transfer of loans to other real estate and repossessed assets	$ 915	$ 1,452

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Reclassifications Certain reclassifications have been made to the 2023 condensed consolidated financial statements to be comparable to 2024. These reclassifications were not material and had no effect on net income. Revisions to Previously Issued Financial Statements During the second quarter of 2024 management corrected a prior computation of the Company’s total capital (to risk-weighted assets), Tier 1 capital (to risk-weighted assets), and Tier 1 capital (to average assets) ratios for purposes of the Company’s consolidated financial statements for holding companies filed with the Federal Reserve (the “Regulatory Filings”), which involved an incorrect classification of the Company’s subordinated notes as Tier 1 capital. This incorrect classification affected the Company's regulatory capital disclosures in certain prior period filings with the SEC, as those disclosures were sourced from the Regulatory Filings. The Company evaluated the effects of the incorrect classification to its previously filed Regulatory Filings and previously issued financial statements in accordance with SEC Staff Accounting Bulletins No. 99 and No. 108 and, based upon qualitative and quantitative factors, determined the errors were not material to the previously filed Regulatory Filings or the previously issued financial statements and disclosures included in our Annual Reports on Form 10-K for the years ended December 31, 2020, 2021, 2022 and 2023, or for any of the quarterly reports included therein or through our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024. The Company has amended its Regulatory Filings for the periods ended March 31, 2024 and December 31, 2023 to reclassify the subordinated notes balance from Tier 1 capital into Tier 2 capital. The correction of the classification had no effect on the Company’s consolidated balance sheets, statements of income, stockholders’ equity, or the amounts or disclosure of the regulatory capital ratios of the Bank as included in its call reports. The Company continues to exceed regulatory proxy ratios to be considered “well capitalized”, plus the capital conservation buffer, at June 30, 2024. See "Note 13 - Regulatory Capital" below for further information. Nature of Business and Basis of Reporting The accompanying unaudited condensed consolidated financial statements include the accounts of Horizon Bancorp, Inc. (“Horizon” or the “Company”) and its wholly-owned subsidiaries, including Horizon Bank (“Horizon Bank” or the “Bank”), which is an Indiana commercial bank. All inter–company balances and transactions have been eliminated. The results of operations for the periods ended June 30, 2024 and June 30, 2023 are not necessarily indicative of the operating results for the full year of 2024 or 2023. The accompanying unaudited condensed consolidated financial statements reflect all adjustments that are, in the opinion of Horizon’s management, necessary to fairly present the financial position, results of operations and cash flows of Horizon for the periods presented. Those adjustments consist only of normal recurring adjustments. Certain information and note disclosures normally included in Horizon’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in Horizon’s Annual Report on Form 10–K for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission on March 15, 2024 (the “2023 Annual Report on Form 10–K”). The condensed consolidated balance sheet of Horizon as of December 31, 2023 has been derived from the audited balance sheet as of that date. On July 16, 2019, the Board of Directors of the Company authorized a stock repurchase program for up to 2,250,000 shares of Horizon’s issued and outstanding common stock, no par value. As of June 30, 2024, Horizon had repurchased a total of 803,349 shares at an average price per share of $16.89. Basic earnings per share is computed by dividing net income available to common shareholders (net income less dividend requirements for preferred stock and accretion of preferred stock discount) by the weighted–average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The following table shows computation of basic and diluted earnings per share. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (dollars in thousands, except per share data) 2024 2023 2024 2023 Basic earnings per share Net income $ 14,140 $ 18,763 $ 28,131 $ 36,991 Weighted average common shares outstanding 43,712,059 43,639,987 43,686,576 43,611,926 Basic earnings per share $ 0.32 $ 0.43 $ 0.64 $ 0.85 Diluted earnings per share Net income $ 14,140 $ 18,763 $ 28,131 $ 36,991 Weighted average common shares outstanding 43,712,059 43,639,987 43,686,576 43,611,926 Effect of dilutive securities: Restricted stock 270,833 102,046 226,864 136,693 Stock options 4,295 555 4,850 8,702 Weighted average common shares outstanding 43,987,187 43,742,588 43,918,290 43,757,321 Diluted earnings per share $ 0.32 $ 0.43 $ 0.64 $ 0.85 There were 167,943 and 257,773 shares for the three and six months ended June 30, 2024 which were not included in the computation of diluted earnings per share because they were non–dilutive. There were 484,650 and 415,455 shares for the three and six months ended June 30, 2023 which were not included in the computation of diluted earnings per share because they were non–dilutive.

Securities

Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The fair value of securities is as follows: June 30, 2024 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 71,419 $ — $ (8,754) $ 62,665 State and municipal 352,223 2 (57,389) 294,836 Federal agency collateralized mortgage obligations 3,702 — (368) 3,334 Federal agency mortgage-backed pools 154,479 — (24,161) 130,318 Corporate notes 41,605 — (5,704) 35,901 Total available for sale investment securities $ 623,428 $ 2 $ (96,376) $ 527,054 June 30, 2024 Amortized Gross Gross Fair Allowance for Credit Losses Net Held to maturity U.S. Treasury and federal agencies $ 284,114 $ — $ (41,917) $ 242,197 $ — $ 284,114 State and municipal 1,064,638 160 (178,390) 886,408 (21) 1,064,617 Federal agency collateralized mortgage obligations 48,668 — (8,128) 40,540 — 48,668 Federal agency mortgage-backed pools 314,069 — (49,255) 264,814 — 314,069 Private labeled mortgage-backed pools 30,780 — (4,534) 26,246 (7) 30,773 Corporate notes 162,170 — (25,388) 136,782 (130) 162,040 Total held to maturity investment securities $ 1,904,439 $ 160 $ (307,612) $ 1,596,987 $ (158) $ 1,904,281 December 31, 2023 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 72,938 $ — $ (8,561) $ 64,377 State and municipal 353,299 — (49,269) 304,030 Federal agency collateralized mortgage obligations 3,931 — (351) 3,580 Federal agency mortgage-backed pools 161,130 — (23,833) 137,297 Corporate notes 43,317 455 (5,805) 37,967 Total available for sale investment securities $ 634,615 $ 455 $ (87,819) $ 547,251 December 31, 2023 Amortized Gross Gross Fair Allowance for Credit Losses Net Held to maturity U.S. Treasury and federal agencies $ 287,259 $ — $ (41,299) $ 245,960 $ — $ 287,259 State and municipal 1,088,499 1,185 (150,323) 939,361 (20) 1,088,479 Federal agency collateralized mortgage obligations 51,325 — (7,846) 43,479 — 51,325 Federal agency mortgage-backed pools 323,649 — (48,621) 275,028 — 323,649 Private labeled mortgage-backed pools 32,329 — (4,595) 27,734 (7) 32,322 Corporate notes 162,734 — (25,538) 137,196 (130) 162,604 Total held to maturity investment securities $ 1,945,795 $ 1,185 $ (278,222) $ 1,668,758 $ (157) $ 1,945,638 The amortized cost and fair value of securities available for sale and held to maturity at June 30, 2024 and December 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2024 December 31, 2023 Amortized Fair Amortized Fair Available for sale Within one year $ 3,646 $ 3,618 $ 5,505 $ 5,408 One to five years 105,358 93,966 100,301 89,650 Five to ten years 175,739 145,553 167,764 141,203 After ten years 180,504 150,265 195,984 170,113 465,247 393,402 469,554 406,374 Federal agency collateralized mortgage obligations 3,702 3,334 3,931 3,580 Federal agency mortgage–backed pools 154,479 130,318 161,130 137,297 Total available for sale investment securities $ 623,428 $ 527,054 $ 634,615 $ 547,251 Held to maturity Within one year $ 22,563 $ 22,312 $ 33,483 $ 33,169 One to five years 217,174 207,041 225,957 216,354 Five to ten years 357,082 305,973 350,843 304,067 After ten years 914,103 730,061 928,209 768,927 1,510,922 1,265,387 1,538,492 1,322,517 Federal agency collateralized mortgage obligations 48,668 40,540 51,325 43,479 Federal agency mortgage–backed pools 314,069 264,814 323,649 275,028 Private labeled mortgage–backed pools 30,780 26,246 32,329 27,734 Total held to maturity investment securities $ 1,904,439 $ 1,596,987 $ 1,945,795 $ 1,668,758 As of June 30, 2024, investment securities with a carrying value of $144.4 million were pledged as collateral against $1.2 billion of Federal Home Loan Bank (FHLB) borrowings. The following tables show the gross unrealized losses and the fair value of the Company’s available for sale investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. June 30, 2024 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ — $ — $ 62,665 $ (8,754) $ 62,665 $ (8,754) State and municipal 1,664 (291) 292,505 (57,098) 294,169 (57,389) Federal agency collateralized mortgage obligations — — 3,334 (368) 3,334 (368) Federal agency mortgage–backed pools — — 130,319 (24,161) 130,319 (24,161) Corporate notes — — 35,901 (5,704) 35,901 (5,704) Total temporarily impaired securities $ 1,664 $ (291) $ 524,724 $ (96,085) $ 526,388 $ (96,376) December 31, 2023 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ — $ — $ 64,377 $ (8,561) $ 64,377 $ (8,561) State and municipal 2,387 (236) 301,643 (49,033) 304,030 (49,269) Federal agency collateralized mortgage obligations — — 3,580 (351) 3,580 (351) Federal agency mortgage–backed pools — — 137,289 (23,833) 137,289 (23,833) Corporate notes — — 36,359 (5,805) 36,359 (5,805) Total temporarily impaired securities $ 2,387 $ (236) $ 543,248 $ (87,583) $ 545,635 $ (87,819) Certain investments in debt securities are reported in the consolidated financial statements at an amount less than their historical cost. As of June 30, 2024 and December 31, 2023, the Company had 2,314 and 2,290 securities, respectively, with market values below their cost basis. The total fair value of these investments at June 30, 2024 and December 31, 2023 was $2.1 billion and $2.1 billion, which is approximately 86.5% and 85.1%, respectively, of the Company's available for sale and held to maturity securities portfolio. These declines resulted primarily from fluctuations in market interest rates after purchase. Management believes the declines in fair value for these securities are temporary. No allowance for credit losses for available for sale debt securities was recorded at June 30, 2024 or December 31, 2023. The allowance for credit losses for held to maturity securities is a contra asset valuation account that is deducted from the carrying amount of held to maturity securities to present the net amount expected to be collected. Held to maturity securities are charged off against the allowance for credit loss when deemed uncollectible. Adjustments to the allowance for credit loss are reported in our Condensed Consolidated Statements of Income in credit loss expense. We measure expected credit losses on held to maturity securities on a collective basis by major security type with each type sharing similar risk characteristics, and consider historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. With regard to U.S. Government-sponsored treasuries, agency and mortgage-backed securities, 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 municipal, private label mortgage-backed and corporate note held to maturity securities, 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. As of June 30, 2024 and December 31, 2023, there were no past due principal and interest payments associated with these securities. An allowance for credit loss of $158,000 and $157,000 was recorded on these securities based on applying the long-term historical rating agency credit loss rate for similarly rated securities at June 30, 2024 and December 31, 2023, respectively. On a quarterly basis, the Company refreshes the credit quality indicator of each held-to-maturity security. The Company applies ratings derived from Nationally Recognized Statistical Rating Organizations ("NRSRO"), specifically Moody's and Standard & Poor's. For state and municipal securities where no rating is available from the NRSROs, a consistent internally-assigned rating methodology is applied. The amortized cost of these securities in the following tables subject to this methodology totaled $131.9 million as of June 30, 2024, and $143.7 million as of December 31, 2023. The following table summarizes credit ratings of our held-to-maturity securities at amortized cost for the periods indicated: June 30, 2024 AAA AA A BBB BB Not Rated Total U.S. Treasury and federal agencies $ — $ 284,114 $ — $ — $ — $ — $ 284,114 State and municipal 284,849 713,834 63,772 2,183 — — 1,064,638 Federal agency collateralized mortgage obligations 48,668 — — — — — 48,668 Federal agency mortgage-backed pools 314,069 — — — — — 314,069 Private labeled mortgage-backed pools 30,780 — — — — — 30,780 Corporate notes — 6,193 11,691 75,926 4,550 63,810 162,170 Total $ 678,366 $ 1,004,141 $ 75,463 $ 78,109 $ 4,550 $ 63,810 $ 1,904,439 December 31, 2023 AAA AA A BBB BB Not Rated Total U.S. Treasury and federal agencies $ — $ 287,259 $ — $ — $ — $ — $ 287,259 State and municipal 285,748 730,907 69,658 2,186 — — 1,088,499 Federal agency collateralized mortgage obligations 51,325 — — — — — 51,325 Federal agency mortgage-backed pools 323,649 — — — — — 323,649 Private labeled mortgage-backed pools 32,329 — — — — — 32,329 Corporate notes — 4,260 11,831 78,197 4,556 63,890 162,734 Total $ 693,051 $ 1,022,426 $ 81,489 $ 80,383 $ 4,556 $ 63,890 $ 1,945,795 The following table details activity in the allowance for credit losses on held-to-maturity securities during the three and six months ended June 30, 2024 and 2023. Three Months Ended Six Months Ended June 30 June 30 2024 2023 2024 2023 Beginning balance $ 158 $ — $ 157 $ — Credit loss expense (benefit) — — 1 — Ending balance $ 158 $ — $ 158 $ — Accrued interest receivable on available for sale debt securities and held to maturity securities totaled $14.4 million at June 30, 2024 and $14.7 million at December 31, 2023 and is excluded from the estimate of credit losses. The U.S. government sponsored entities and agencies and mortgage–backed 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. Therefore, for those securities, we do not record expected credit losses. Based on an evaluation of available evidence, management believes the unrealized losses on state and municipal securities, private labeled mortgage–backed pools and corporate notes were due to changes in interest rates. Due to the contractual terms, the issuers of state and municipal securities are not allowed to settle for less than the amortized cost of the security. In addition, the Company does not intend to sell these securities prior to the recovery of the amortized cost, which may not occur until maturity. Information regarding security proceeds, gross gains and gross losses, based on specific identification method, are presented below. Three Months Ended Six Months Ended June 30 June 30 2024 2023 2024 2023 Sales of securities available for sale Proceeds $ — $ 24,668 $ — $ 88,194 Gross gains — 86 — 215 Gross losses — (66) — (695)

Loans

Loans	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Loans	Loans The table below identifies the Company’s loan portfolio segments and classes. Portfolio Segment Class of Financing Receivable Commercial Owner occupied real estate Non-owner occupied real estate Residential spec homes Development & spec land Commercial and industrial Real estate Residential mortgage Residential construction Mortgage warehouse Mortgage warehouse Consumer Installment Indirect auto Home equity Portfolio segment is defined as a level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses. Class of financing receivable is defined as a group of financing receivables determined on the basis of both of the following, 1) risk characteristics of the financing receivable, and 2) an entity’s method for monitoring and assessing credit risk. Generally, the Bank does not move loans from a revolving loan to a term loan other than construction loans. Construction loans are reviewed and rewritten prior to being originated as a term loan. The following table presents total loans outstanding by portfolio class, as of June 30, 2024 and December 31, 2023: June 30, December 31, Commercial Owner occupied real estate $ 632,200 $ 640,731 Non–owner occupied real estate 1,439,509 1,273,838 Residential spec homes 12,479 13,489 Development & spec land 33,584 34,039 Commercial and industrial 786,788 712,863 Total commercial 2,904,560 2,674,960 Real estate Residential mortgage 779,894 654,295 Residential construction 18,062 26,841 Mortgage warehouse 68,917 45,078 Total real estate 866,873 726,214 Consumer Installment 106,028 52,366 Indirect auto 382,079 399,946 Home equity 563,300 564,144 Total consumer 1,051,407 1,016,456 Total loans 4,822,840 4,417,630 Allowance for credit losses (52,215) (50,029) Net loans $ 4,770,625 $ 4,367,601 Total loans include net deferred loan costs of $21.2 million at June 30, 2024 and $21.9 million at December 31, 2023, respectively. Non–performing Loans The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans at June 30, 2024: June 30, 2024 Non–accrual Loans Past Non–accruing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 2,558 $ — $ 1,737 Non–owner occupied real estate 462 — 462 Residential spec homes — — — Development & spec land 593 — 593 Commercial and industrial 708 — 20 Total commercial 4,321 — 2,812 Real estate Residential mortgage 8,489 133 — Residential construction — — — Mortgage warehouse — — — Total real estate 8,489 133 — Consumer Installment 199 196 — Indirect auto 1,218 212 — Home equity 4,036 498 — Total consumer 5,453 906 — Total $ 18,263 $ 1,039 $ 2,812 The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loan at December 31, 2023: December 31, 2023 Non–accrual Loans Past Non–accruing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 2,636 $ — $ 1,789 Non–owner occupied real estate 3,485 — 1,242 Residential spec homes — — — Development & spec land 617 — 617 Commercial and industrial 624 — 20 Total commercial 7,362 — 3,668 Real estate Residential mortgage 8,058 — — Residential construction — — — Mortgage warehouse — — — Total real estate 8,058 — — Consumer Installment 88 — — Indirect auto 899 299 — Home equity 3,303 260 — Total consumer 4,290 559 — Total $ 19,710 $ 559 $ 3,668 There was no interest income recognized on non-accrual loans during the three and six months ended June 30, 2024 and 2023, respectively, while the loans were in non-accrual status. The amount of accrued interest receivable written off by the Company by reversing interest income was not material for the three and six months ended June 30, 2024 and June 30, 2023, respectively. The following table presents the payment status by class of loan at June 30, 2024: June 30, 2024 Current 30–59 Days 60–89 Days 90 Days or Total Total Commercial Owner occupied real estate $ 630,034 $ 723 $ 1,342 $ 101 $ 2,166 $ 632,200 Non–owner occupied real estate 1,439,186 323 — — 323 1,439,509 Residential spec homes 12,479 — — — — 12,479 Development & spec land 33,584 — — — — 33,584 Commercial and industrial 784,821 449 1,436 82 1,967 786,788 Total commercial 2,900,104 1,495 2,778 183 4,456 2,904,560 Real estate Residential mortgage 770,599 90 6,005 3,200 9,295 779,894 Residential construction 18,062 — — — — 18,062 Mortgage warehouse 68,917 — — — — 68,917 Total real estate 857,578 90 6,005 3,200 9,295 866,873 Consumer Installment 104,388 1,166 178 296 1,640 106,028 Indirect auto 377,002 4,023 503 551 5,077 382,079 Home equity 554,712 4,520 1,221 2,847 8,588 563,300 Total consumer 1,036,102 9,709 1,902 3,694 15,305 1,051,407 Total $ 4,793,784 $ 11,294 $ 10,685 $ 7,077 $ 29,056 $ 4,822,840 The following table presents the payment status by class of loan at December 31, 2023: December 31, 2023 Current 30–59 Days 60–89 Days 90 Days or Total Total Commercial Owner occupied real estate $ 638,389 $ 2,342 $ — $ — $ 2,342 $ 640,731 Non–owner occupied real estate 1,273,791 — — 47 47 1,273,838 Residential spec homes 13,489 — — — — 13,489 Development & spec land 33,036 — 1,003 — 1,003 34,039 Commercial and industrial 710,567 1,659 54 583 2,296 712,863 Total commercial 2,669,272 4,001 1,057 630 5,688 2,674,960 Real estate Residential mortgage 646,984 2,823 2,353 2,135 7,311 654,295 Residential construction 26,841 — — — — 26,841 Mortgage warehouse 45,078 — — — — 45,078 Total real estate 718,903 2,823 2,353 2,135 7,311 726,214 Consumer Installment 52,001 304 10 51 365 52,366 Indirect auto 393,615 4,958 736 637 6,331 399,946 Home equity 558,062 3,748 1,217 1,117 6,082 564,144 Total consumer 1,003,678 9,010 1,963 1,805 12,778 1,016,456 Total $ 4,391,853 $ 15,834 $ 5,373 $ 4,570 $ 25,777 $ 4,417,630 The entire balance of a loan is considered delinquent if the minimum payment contractually required to be made is not received by the specified due date. Modified Loans The Company adopted ASU 2022–02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures, during the first quarter of 2023. These amendments eliminated the troubled debt restructured (“TDR”) recognition measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. For the three and six months ended June 30, 2024, the Company did not have material modifications of loans with borrowers experiencing financial difficulty. Similarly, the Company did not modify any loans with borrowers experiencing financial difficulty for the three and six months ended June 30, 2023. Collateral Dependent Financial Assets A collateral dependent financial loan relies solely on the operation or sale of the collateral for repayment. In evaluating the overall risk associated with the loan, the Company considers character, overall financial condition and resources, and payment record of the borrower; the prospects for support from any financially responsible guarantors; and the nature and degree of protection provided by the cash flow and value of any underlying collateral. However, as other sources of repayment become inadequate over time, the significance of the collateral's value increases and the loan may become collateral dependent. The tables below present the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses, at June 30, 2024 and December 31, 2023. June 30, 2024 Real Estate Accounts Receivable/Equipment Other Total (1) ACL Commercial Owner occupied real estate $ 2,558 $ — $ — $ 2,558 $ 221 Non–owner occupied real estate 462 — — 462 — Residential spec homes — — — — — Development & spec land 593 — — 593 — Commercial and industrial 563 38 20 621 601 Total commercial 4,176 38 20 4,234 822 Total collateral dependent loans $ 4,176 $ 38 $ 20 $ 4,234 $ 822 (1) Collateral dependent loans had a collateral fair value of $5.1 million at June 30, 2024 December 31, 2023 Real Estate Accounts Receivable/Equipment Other Total (1) ACL Commercial Owner occupied real estate $ 2,636 $ — $ — $ 2,636 $ 190 Non–owner occupied real estate 3,485 — — 3,485 699 Residential spec homes — — — — — Development & spec land 617 — — 617 — Commercial and industrial 563 42 20 625 604 Total commercial 7,301 42 20 7,363 1,493 Total collateral dependent loans $ 7,301 $ 42 $ 20 $ 7,363 $ 1,493 (1) Collateral dependent loans had a collateral fair value of $6.3 million at December 31, 2023 As of June 30, 2024, the Company had a carrying value of $1.2 million of repossessed assets. As of June 30, 2024, the Company had a recorded net investment of $0.4 million of consumer mortgage loans in which foreclosure proceedings have commenced. Credit Quality Indicators Horizon Bank’s processes for determining credit quality differ slightly depending on whether a new loan or a renewed loan is being underwritten, or whether an existing loan is being re–evaluated for credit quality. The latter usually occurs upon receipt of current financial information or other pertinent data that would trigger a change in the credit quality grade. • For new and renewed commercial loans, the Bank’s Credit Department, which acts independently of the loan officer, assigns the credit quality grade to the loan. Loan grades for loans with an aggregate credit exposure that exceeds the authorities in the respective regions (ranging from $3,000,000 to $6,000,000) are validated by the Loan Committee, which is chaired by the Chief Commercial Banking Officer (“CCBO”). • Commercial loan officers are responsible for reviewing their loan portfolios and promptly assessing any adverse change in credit quality and revising the risk rating appropriately. When circumstances warrant a change in the credit quality grade, loan officers are required to notify the Credit Department of the change in the credit quality grade. Downgrades are accepted immediately, however, lenders must present their factual information to the Credit Department when recommending an upgrade. Downgrades to impaired status require the concurrence of the CCBO and the Senior Workout Loan Manager. • The CCBO, or a designee, meets periodically with loan officers to discuss the status of past due loans and classified loans. These meetings are also designed to give the loan officers an opportunity to identify an existing loan that should be downgraded to a classified grade. • Monthly, senior management meets as members of the Watch Committee, which reviews all of the past due, classified, and impaired loans and the relative trends of these assets. This committee also reviews the actions taken by management regarding foreclosure mitigation, loan extensions, loan modifications, other real estate owned and personal property repossessions. The information reviewed in this meeting acts as a precursor for developing management’s analysis of the adequacy of the Allowance for Credit Losses on Loans and Leases. For residential real estate and consumer loans, Horizon uses a grading system based on delinquency. Loans that are 90 days or more past due, on non–accrual, or are classified as modified loans are graded “Substandard.” After being 90 to 120 days delinquent a loan is charged off unless it is well secured and in the process of collection. If the latter case exists, the loan is placed on non–accrual. Occasionally a mortgage loan may be graded as “Special Mention.” When this situation arises, it is because the characteristics of the loan and the borrower fit the definition of a Risk Grade 5 described below, which is normally used for grading commercial loans. Loans not graded Substandard are considered Pass. Horizon Bank employs a nine–grade rating system to determine the credit quality of commercial loans. The first five grades represent acceptable quality, and the last four grades mirror the criticized and classified grades used by the bank regulatory agencies (special mention, substandard, doubtful, and loss). The loan grade definitions are detailed below. Risk Grade 1: Excellent (Pass) Loans secured by liquid collateral, such as certificates of deposit, reputable bank letters of credit, or other cash equivalents or loans to any publicly held company with a current long–term debt rating of A or better and meeting defined key financial metric ranges. Risk Grade 2: Good (Pass) Loans to businesses that have strong financial statements containing an unqualified opinion from a CPA firm and at least three years consecutive years of profits; loans supported by unaudited financial statements containing strong balance sheets, five Risk Grade 3: Satisfactory (Pass) Loans supported by financial statements (audited or unaudited) that indicate average or slightly below average risk and having some deficiency or vulnerability to changing economic conditions; loans with some weakness but offsetting features of other support are readily available; loans that are meeting the terms of repayment, but which may be susceptible to deterioration if adverse factors are encountered and meeting defined key financial metric ranges. Loans may be graded Satisfactory when there is no recent information on which to base a current risk evaluation and the following conditions apply: • At inception, the loan was properly underwritten, did not possess an unwarranted level of credit risk, and the loan met the above criteria for a risk grade of Excellent, Good, or Satisfactory; • At inception, the loan was secured with collateral possessing a loan value adequate to protect the Bank from loss. • The loan has exhibited two • During the period that the loan has been outstanding, there has been no evidence of any credit weakness. Some examples of weakness include slow payment, lack of cooperation by the borrower, breach of loan covenants, or the borrower is in an industry known to be experiencing problems. If any of these credit weaknesses is observed, a lower risk grade may be warranted. Risk Grade 4: Satisfactory/Monitored (Pass) Loans in this category are considered to be of acceptable credit quality, but contain greater credit risk than Satisfactory rated loans and meet defined key financial metric ranges. Borrower displays acceptable liquidity, leverage, and earnings performance within the Bank’s minimum underwriting guidelines. The level of risk is acceptable but conditioned on the proper level of loan officer supervision. Loans that normally fall into this grade include acquisition, construction and development loans and income producing properties that have not reached stabilization. Risk Grade 4W: Management Watch (Pass) Loans in this category are considered to be of acceptable quality and meet defined key financial metric ranges, but with above normal risk. Borrower displays potential indicators of weakness in the primary source of repayment resulting in a higher reliance on secondary sources of repayment. Balance sheet may exhibit weak liquidity and/or high leverage. There is inconsistent earnings performance without the ability to sustain adverse economic conditions. Borrower may be operating in a declining industry or the property type, as for a commercial real estate loan, may be high risk or in decline. These loans require an increased level of loan officer supervision and monitoring to assure that any deterioration is addressed in a timely fashion. Commercial construction loans are graded as 4W Management Watch until the projects are completed and stabilized. Risk Grade 5: Special Mention Loans which possess some temporary (normally less than one year) credit deficiency or potential weakness which deserves close attention. Such loans pose an unwarranted financial risk that, if not corrected, could weaken the loan by adversely impacting the future repayment ability of the borrower. The key distinctions of a Special Mention classification are that (1) it is indicative of an unwarranted level of risk and (2) weaknesses are considered “potential,” not “defined,” impairments to the primary source of repayment. These loans may be to borrowers with adverse trends in financial performance, collateral value and/or marketability, or balance sheet strength and must meet defined key financial metric ranges. Risk Grade 6: Substandard One or more of the following characteristics may be exhibited in loans classified Substandard: • Loans which possess a defined credit weakness. The likelihood that a loan will be paid from the primary source of repayment is uncertain. Financial deterioration is under way and very close attention is warranted to ensure that the loan is collected without loss. • Loans are inadequately protected by the current net worth and paying capacity of the obligor. • The primary source of repayment is gone, and the Bank is forced to rely on a secondary source of repayment, such as collateral liquidation or guarantees. • Loans have a distinct possibility that the Bank will sustain some loss if deficiencies are not corrected. • Unusual courses of action are needed to maintain a high probability of repayment. • The borrower is not generating enough cash flow to repay loan principal; however, it continues to make interest payments. • The lender is forced into a subordinated or unsecured position due to flaws in documentation. • Loans have been restructured so that payment schedules, terms, and collateral represent concessions to the borrower when compared to the normal loan terms. • The lender is seriously contemplating foreclosure or legal action due to the apparent deterioration in the loan. • There is a significant deterioration in market conditions to which the borrower is highly vulnerable. • The borrower meets defined key financial metric ranges. Risk Grade 7: Doubtful One or more of the following characteristics may be present in loans classified Doubtful: • Loans have all of the weaknesses of those classified as Substandard. However, based on existing conditions, these weaknesses make full collection of principal highly improbable. • The primary source of repayment is gone, and there is considerable doubt as to the quality of the secondary source of repayment. • The possibility of loss is high but because of certain important pending factors which may strengthen the loan, loss classification is deferred until the exact status of repayment is known. • The borrower meets defined key financial metric ranges. Risk Grade 8: Loss Loans are considered uncollectible and of such little value that continuing to carry them as assets is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. The following tables present loans by credit grades and origination year at June 30, 2024. June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Revolving Loans Total Commercial Owner occupied real estate Pass $ 31,421 $ 70,005 $ 93,077 $ 69,976 $ 39,615 $ 193,454 $ 84,482 $ 10,861 $ 592,891 Special Mention — 2,121 484 3,696 144 11,613 — 452 18,510 Substandard — 4,282 1,060 6,394 — 9,063 — — 20,799 Doubtful — — — — — — — — — Total owner occupied real estate $ 31,421 $ 76,408 $ 94,621 $ 80,066 $ 39,759 $ 214,130 $ 84,482 $ 11,313 $ 632,200 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ 1 $ — $ — $ 1 Non–owner occupied real estate Pass $ 108,271 $ 115,778 $ 204,319 $ 138,375 $ 103,251 $ 370,579 $ 326,424 $ 9,776 $ 1,376,773 Special Mention — 1,351 19,120 1,292 — 37,749 — — 59,512 Substandard 85 — — — 153 2,986 — — 3,224 Doubtful — — — — — — — — — Total non–owner occupied real estate $ 108,356 $ 117,129 $ 223,439 $ 139,667 $ 103,404 $ 411,314 $ 326,424 $ 9,776 $ 1,439,509 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential spec homes Pass $ 420 $ 504 $ — $ 420 $ — $ — $ 4,111 $ 7,024 $ 12,479 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total residential spec homes $ 420 $ 504 $ — $ 420 $ — $ — $ 4,111 $ 7,024 $ 12,479 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Development & spec land Pass $ 722 $ 4,244 $ 804 $ 492 $ 359 $ 2,027 $ 22,727 $ 302 $ 31,677 Special Mention — — — — — 322 145 — 467 Substandard — 748 — — — 99 593 — 1,440 Doubtful — — — — — — — — — Total development & spec land $ 722 $ 4,992 $ 804 $ 492 $ 359 $ 2,448 $ 23,465 $ 302 $ 33,584 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial & industrial Pass $ 101,833 $ 118,032 $ 137,913 $ 83,188 $ 9,762 $ 68,583 $ 58,796 $ 168,230 $ 746,337 Special Mention 1,046 1,409 1,170 28 1,252 1,628 10,179 12,962 29,674 Substandard 148 1,670 792 422 235 4,192 971 2,347 10,777 Doubtful — — — — — — — — — Total commercial & industrial $ 103,027 $ 121,111 $ 139,875 $ 83,638 $ 11,249 $ 74,403 $ 69,946 $ 183,539 $ 786,788 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ 108 $ — $ 108 June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Revolving Loans Total Real estate Residential mortgage Performing $ 32,178 $ 149,276 $ 166,810 $ 148,059 $ 81,155 $ 193,794 $ — $ — $ 771,272 Non–performing — 582 1,886 1,137 249 4,768 — — 8,622 Total residential mortgage $ 32,178 $ 149,858 $ 168,696 $ 149,196 $ 81,404 $ 198,562 $ — $ — $ 779,894 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ 2 $ — $ — $ 2 Residential construction Performing $ — $ — $ — $ — $ — $ — $ 18,062 $ — $ 18,062 Non–performing — — — — — — — — — Total residential construction $ — $ — $ — $ — $ — $ — $ 18,062 $ — $ 18,062 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ — $ 68,917 $ 68,917 Non–performing — — — — — — — — — Total mortgage warehouse $ — $ — $ — $ — $ — $ — $ — $ 68,917 $ 68,917 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Revolving Loans Total Consumer Installment Performing $ 7,313 $ 67,399 $ 11,372 $ 6,496 $ 3,410 $ 7,555 $ 34 $ 2,054 $ 105,633 Non–performing — 313 — 55 — 25 2 — 395 Total installment $ 7,313 $ 67,712 $ 11,372 $ 6,551 $ 3,410 $ 7,580 $ 36 $ 2,054 $ 106,028 Gross charge–offs for the six months ended June 30, 2024 $ 61 $ 32 $ 124 $ 1 $ 17 $ 21 $ — $ — $ 256 Indirect auto Performing $ 31,985 $ 83,884 $ 160,052 $ 64,587 $ 26,035 $ 14,106 $ — $ — $ 380,649 Non–performing — 172 592 344 183 139 — — 1,430 Total indirect auto $ 31,985 $ 84,056 $ 160,644 $ 64,931 $ 26,218 $ 14,245 $ — $ — $ 382,079 Gross charge–offs for the six months ended June 30, 2024 $ — $ 145 $ 606 $ 224 $ 77 $ 67 $ — $ — $ 1,119 Home equity Performing $ 6,882 $ 24,730 $ 18,674 $ 2,784 $ 2,146 $ 11,205 $ 17,990 $ 474,355 $ 558,766 Non–performing — 27 331 — 50 392 3,734 — 4,534 Total home equity $ 6,882 $ 24,757 $ 19,005 $ 2,784 $ 2,196 $ 11,597 $ 21,724 $ 474,355 $ 563,300 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ 52 $ 88 $ — $ 38 $ — $ 11 $ 189 The following tables present loans by credit grades and origination year at December 31, 2023. December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Term Loans Revolving Loans Total Commercial Owner occupied real estate Pass $ 66,814 $ 101,620 $ 73,199 $ 44,067 $ 41,726 $ 173,913 $ 93,432 $ 8,226 $ 602,997 Special Mention 3,920 490 3,777 — 2,038 8,128 — 452 18,805 Substandard 1,376 — 6,490 966 228 9,339 530 — 18,929 Doubtful — — — — — — — — — Total owner occupied real estate $ 72,110 $ 102,110 $ 83,466 $ 45,033 $ 43,992 $ 191,380 $ 93,962 $ 8,678 $ 640,731 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ 3 $ 401 $ — $ 404 Non–owner occupied real estate Pass $ 116,031 $ 197,702 $ 149,540 $ 104,591 $ 83,394 $ 303,191 $ 246,569 $ 9,878 $ 1,210,896 Special Mention 1,366 16,135 1,334 254 845 36,590 — — 56,524 Substandard — — — 185 — 6,233 — — 6,418 Doubtful — — — — — — — — — Total non–owner occupied real estate $ 117,397 $ 213,837 $ 150,874 $ 105,030 $ 84,239 $ 346,014 $ 246,569 $ 9,878 $ 1,273,838 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ 9 $ — $ — $ 9 Residential spec homes Pass $ — $ — $ 498 $ — $ — $ — $ 5,852 $ 7,139 $ 13,489 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total residential spec homes $ — $ — $ 498 $ — $ — $ — $ 5,852 $ 7,139 $ 13,489 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ 29 $ — $ 29 Development & spec land Pass $ 5,133 $ 1,477 $ 990 $ 390 $ 247 $ 3,146 $ 20,236 $ 170 $ 31,789 Special Mention — — — — — — 1,529 — 1,529 Substandard — — — — — 104 617 — 721 Doubtful — — — — — — — — — Total development & spec land $ 5,133 $ 1,477 $ 990 $ 390 $ 247 $ 3,250 $ 22,382 $ 170 $ 34,039 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial & industrial Pass $ 121,969 $ 151,847 $ 93,709 $ 12,154 $ 20,497 $ 59,041 $ 60,539 $ 147,773 $ 667,529 Special Mention 1,434 726 265 2,137 119 1,305 9,375 18,836 34,197 Substandard 1,595 703 223 211 768 2,404 2,863 2,370 11,137 Doubtful — — — — — — — — — Total commercial & industrial $ 124,998 $ 153,276 $ 94,197 $ 14,502 $ 21,384 $ 62,750 $ 72,777 $ 168,979 $ 712,863 Gross charge–offs for the year ended December 31, 2023 $ — $ 33 $ — $ 123 $ 25 $ 72 $ 344 $ — $ 597 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Term Loans Revolving Loans Total Real estate Residential mortgage Performing $ 40,920 $ 154,803 $ 157,480 $ 85,159 $ 30,464 $ 177,411 $ — $ — $ 646,237 Non–performing 118 1,591 748 259 647 4,695 — — 8,058 Total residential mortgage $ 41,038 $ 156,394 $ 158,228 $ 85,418 $ 31,111 $ 182,106 $ — $ — $ 654,295 Gross charge–offs for the year ended December 31, 2023 $ — $ 28 $ — $ — $ — $ 20 $ — $ — $ 48 Residential construction Performing $ — $ — $ — $ — $ — $ — $ 26,841 $ — $ 26,841 Non–performing — — — — — — — — — Total residential construction $ — $ — $ — $ — $ — $ — $ 26,841 $ — $ 26,841 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ — $ — $ — Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ — $ 45,078 $ 45,078 Non–performing — — — — — — — — — Total mortgage warehouse $ — $ — $ — $ — $ — $ — $ — $ 45,078 $ 45,078 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Term Loans Revolving Loans Total Consumer Installment Performing $ 14,835 $ 13,447 $ 7,859 $ 4,246 $ 4,449 $ 5,074 $ 6 $ 2,362 $ 52,278 Non–performing — 44 10 — 27 7 — — 88 Total installment $ 14,835 $ 13,491 $ 7,869 $ 4,246 $ 4,476 $ 5,081 $ 6 $ 2,362 $ 52,366 Gross charge–offs for the year ended December 31, 2023 $ 33 $ 28 $ 31 $ 10 $ 32 $ 27 $ 6 $ — $ 167 Indirect auto Performing $ 65,260 $ 191,871 $ 80,773 $ 35,995 $ 16,690 $ 8,159 $ — $ — $ 398,748 Non–performing 49 424 312 229 124 60 — — 1,198 Total indirect auto $ 65,309 $ 192,295 $ 81,085 $ 36,224 $ 16,814 $ 8,219 $ — $ — $ 399,946 Gross charge–offs for the year ended December 31, 2023 $ 86 $ 1,388 $ 708 $ 137 $ 58 $ 74 $ — $ — $ 2,451 Home equity Performing $ 26,376 $ 21,379 $ 5,121 $ 2,447 $ 3,885 $ 9,987 $ 12,713 $ 478,673 $ 560,581 Non–performing — 212 — 54 177 260 2,860 — 3,563 Total home equity $ 26,376 $ 21,591 $ 5,121 $ 2,501 $ 4,062 $ 10,247 $ 15,573 $ 478,673 $ 564,144 Gross charge–offs for the year ended December 31, 2023 $ — $ 10 $ — $ 103 $ — $ 91 $ 13 $ — $ 217

Allowance for Credit and Loan L

Allowance for Credit and Loan Losses	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Allowance for Credit and Loan Losses	Allowance for Credit and Loan Losses The following tables represent, by loan portfolio segment, a summary of changes in the ACL on loans for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 30,514 $ 2,655 $ 659 $ 16,559 $ 50,387 Credit loss expense (reversal) 1,484 (71) 77 925 2,415 PCD loan charge–offs (3) — — — (3) Charge–offs (108) (1) — (741) (850) Recoveries 54 5 — 207 266 Balance, end of period $ 31,941 $ 2,588 $ 736 $ 16,950 $ 52,215 Three Months Ended June 30, 2023 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 31,156 $ 4,447 $ 798 $ 13,125 $ 49,526 Credit loss expense (reversal) (684) (809) 95 2,139 741 PCD loan charge–offs (17) — — — (17) Charge–offs (196) — — (472) (668) Recoveries 95 10 — 289 394 Balance, end of period $ 30,354 $ 3,648 $ 893 $ 15,081 $ 49,976 Six Months Ended June 30, 2024 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 29,736 $ 2,503 $ 481 $ 17,309 $ 50,029 Credit loss expense (reversal) 2,090 76 255 663 3,084 PCD loan charge–offs 112 — — — 112 Charge–offs (109) (2) — (1,564) (1,675) Recoveries 112 11 — 542 665 Balance, end of period $ 31,941 $ 2,588 $ 736 $ 16,950 $ 52,215 Six Months Ended June 30, 2023 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 32,445 $ 5,577 $ 1,020 $ 11,422 $ 50,464 Credit loss expense (reversal) (1,715) (1,945) (127) 4,123 336 PCD loan charge–offs (171) — — — (171) Charge–offs (333) (4) — (1,014) (1,351) Recoveries 128 20 — 550 698 Balance, end of period $ 30,354 $ 3,648 $ 893 $ 15,081 $ 49,976 The accrued interest receivable on our loan receivables is excluded from the allowance for credit loss estimate and is included in interest receivable on our consolidated balance sheets. As of June 30, 2024 and December 31, 2023, the accrued interest on our loan portfolio was $28.1 million and $23.7 million, respectively. The Company utilized the Cumulative Loss Rate method in determining expected future credit losses. The loss rate method measures the amount of loan charge–offs, net of recoveries, (“loan losses”) recognized over the life of a closed pool and compares those loan losses to the outstanding loan balance of that pool as of a specific point in time (“pool date”). To estimate a CECL loss rate for the pool, management first identifies the loan losses recognized between the pool date and the reporting date for the pool and determines which loan losses were related to loans outstanding at the pool date. The loss rate method then divides the loan losses recognized on loans outstanding as of the pool date by the outstanding loan balance as of the pool date. The Company’s expected loss estimate is anchored in historical credit loss experience, with an emphasis on all available portfolio data. The Company’s historical look–back period includes January 2009 through the current period, on a monthly basis. When historical credit loss experience is not sufficient for a specific portfolio, the Company may supplement its own portfolio data with external models or data. The Company supplemented data for 2009 and 2010 with the use of adjusted Uniform Bank Performance Report peer group data. Qualitative reserves reflect management’s overall estimate of the extent to which current expected credit losses on collectively evaluated loans will differ from historical loss experience. The analysis takes into consideration other analytics performed within the organization, such as enterprise and concentration management, along with other credit–related analytics as deemed appropriate. Management attempts to quantify qualitative reserves whenever possible. The Company’s CECL estimate applies to a forecast that incorporates macroeconomic trends and other environmental factors. Management utilized Moody's economic forecast scenarios including both National and Regional econometrics, as well as management judgment, as the basis for the forecast period. The historical loss rate was utilized as the base rate, and qualitative adjustments were utilized to reflect the forecast and other relevant factors. The Company segments the loan portfolio into pools based on the following risk characteristics: financial asset type, loan purpose, collateral type, loan characteristics, credit characteristics, outstanding loan balances, contractual terms and prepayment assumptions, industry of the borrower and concentrations, and historical or expected credit loss patterns. Liability for Commitments to Extend Credit and Standby Letters of Credit The following tables represent, by loan portfolio segment, a summary of changes in the activity in the liability for commitments to extend credit and standby letters of credit (please see note 14): Three Months Ended June 30, 2024 June 30, 2023 Balance, beginning of period Credit loss expense (reversal) Ending balance Balance, beginning of period Credit loss expense (reversal) Ending balance Commercial $ — $ — $ — $ — $ — $ — Real Estate 46 (5) 41 83 (22) 61 Mortgage Warehouse — — — — — — Consumer 704 (40) 664 966 (38) 928 Total $ 750 $ (45) $ 705 $ 1,049 $ (60) $ 989 Six Months Ended June 30, 2024 June 30, 2023 Balance, beginning of period Credit loss expense (reversal) Ending balance Balance, beginning of period Credit loss expense (reversal) Ending balance Commercial $ — $ — $ — $ — $ — $ — Real Estate 64 (23) 41 161 (100) 61 Mortgage Warehouse — — — — — — Consumer 551 113 664 242 686 928 Total $ 615 $ 90 $ 705 $ 403 $ 586 $ 989

Loan Servicing

Loan Servicing	6 Months Ended
	Jun. 30, 2024
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]
Loan Servicing	Loan Servicing Loans serviced for others are not included in the accompanying condensed consolidated balance sheets. The unpaid principal balances of loans serviced for others totaled approximately $1.451 billion and $1.479 billion at June 30, 2024 and December 31, 2023. Comparable market values and a valuation model that calculates the present value of future cash flows were used to estimate fair value. For purposes of measuring impairment, risk characteristics including product type, investor type and interest rates were used to stratify the originated mortgage servicing rights. Mortgage servicing rights are included in other assets on the balance sheets as of June 30, 2024 and December 31, 2023. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2024 2023 2024 2023 Mortgage servicing rights Balance, beginning of period $ 18,538 $ 18,600 $ 18,807 $ 18,619 Servicing rights capitalized 359 207 567 435 Amortization of servicing rights (465) (300) (942) (547) Balance, end of period 18,432 18,507 18,432 18,507 Impairment allowance Balance, beginning of period — — — — Additions — — — — Reductions — — — — Balance, end of period — — — — Mortgage servicing rights, net $ 18,432 $ 18,507 $ 18,432 $ 18,507 Fair value, beginning of period $ 19,149 $ 18,600 $ 19,891 $ 18,619 Fair value, end of period 19,091 18,507 19,091 18,507

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The carrying amount of goodwill was $155.2 million as of June 30, 2024 and December 31, 2023, respectively. There were no changes in the carrying amount of goodwill for the three and six months ended June 30, 2024 and 2023. Goodwill is assessed for impairment annually, or more frequently if events occur or circumstances change that indicate an impairment may exist. When assessing goodwill for impairment, first, a qualitative assessment can be made to determine whether it is more likely than not that the estimated fair value of a reporting unit is less than its estimated carrying value. If the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed. Alternatively, a quantitative goodwill test can be performed without performing a qualitative assessment. No goodwill impairment charges were recorded for the three and six months ended June 30, 2024 and 2023. During the first quarters of 2024 and 2023, Horizon considered the amount by which fair value exceeded book value by performing a quantitative analysis. The Company engaged a third-party valuation specialist in performing its quantitative impairment analysis during the third quarter of 2023, which included a combination of valuation approaches to determine the fair value of the Bank reporting unit. These valuation approaches required certain assumptions such as the discount rate, economic conditions impacting interest and growth rates, the control premium, and a relative weighting given to the fair value derived by each of the valuation approaches used. At the conclusion of the assessment, the Company determined that as of June 30, 2024, it was more likely than not that the fair value of goodwill exceeded its carrying value.

Repurchase Agreements

Repurchase Agreements	6 Months Ended
	Jun. 30, 2024
Disclosure of Repurchase Agreements [Abstract]
Repurchase Agreements	Repurchase Agreements The Company transfers various securities to customers in exchange for cash at the end of each business day and agrees to acquire the securities at the end of the next business day for the cash exchanged plus interest. The process is repeated at the end of each business day until the agreement is terminated. The securities underlying the agreement remained under the Company’s control. The following tables show repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements: June 30, 2024 Remaining Contractual Maturity of the Agreements Overnight Up to 30 Days 30-90 Days Greater Than 90 Days Total Repurchase Agreements and repurchase-to-maturity transactions Federal agency collateralized mortgage obligations $ 2,107 $ — $ — $ — $ 2,107 Federal agency mortgage–backed pools 118,723 — — — 118,723 Private labeled mortgage–backed pools 7,339 — — — 7,339 Total borrowings $ 128,169 $ — $ — $ — $ 128,169 December 31, 2023 Remaining Contractual Maturity of the Agreements Overnight Up to 30 Days 30-90 Days Greater Than 90 Days Total Repurchase Agreements and repurchase-to-maturity transactions Federal agency collateralized mortgage obligations $ 2,245 $ — $ — $ — $ 2,245 Federal agency mortgage–backed pools 126,349 — — — 126,349 Private labeled mortgage–backed pools 7,436 — — — 7,436 Total borrowings $ 136,030 $ — $ — $ — $ 136,030 Securities sold under agreements to repurchase are secured by securities with a carrying amount of $144.0 million and $145.2 million at June 30, 2024 and December 31, 2023, respectively.

Subordinated Notes

Subordinated Notes	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Subordinated Notes	Subordinated Notes On June 24, 2020, Horizon issued $60.0 million in aggregate principal amount of 5.625% fixed–to–floating rate subordinated notes (the “Notes”). The Notes were offered in denominations of $1,000 and integral multiples of $1,000 in excess thereof. The Notes mature on July 1, 2030 (the “Maturity Date”). From and including the date of original issuance to, but excluding, July 1, 2025 or the date of earlier redemption (the “fixed rate period”), the Notes bear interest at an initial rate of 5.625% per annum, payable semi–annually in arrears on January 1 and July 1 of each year, commencing on January 1, 2021. The last interest payment date for the fixed rate period will be July 1, 2025. From and including July 1, 2025 to, but excluding, the Maturity Date or the date of earlier redemption (the “floating rate period”), the Notes bear interest at a floating rate per annum equal to the benchmark rate, which is expected to be Three–Month Term SOFR (the “Benchmark Rate”), plus 549 basis points, payable quarterly in arrears on January 1, April 1, July 1, and October 1 of each year, commencing on October 1, 2025. Notwithstanding the foregoing, in the event that the Benchmark Rate is less than zero, the Benchmark Rate shall be deemed to be zero. Horizon may, at its option, beginning with the interest payment date of July 1, 2025 and on any interest payment date thereafter, redeem the Notes, in whole or in part. The Notes will not otherwise be redeemable by Horizon prior to maturity, unless certain events occur. The redemption price for any redemption is 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Any early redemption of the Notes will be subject to the receipt of the approval of the Board of Governors of the Federal Reserve System to the extent then required under applicable laws or regulations, including capital regulations. The Notes are unsecured subordinated obligations, and rank pari passu, or equally, with all of Horizon's future unsecured subordinated debt and are junior to all existing and future senior debt. The Notes are structurally subordinated to all existing and future liabilities of Horizon's subsidiaries, including the deposit liabilities and claims of other creditors of Horizon Bank, and are effectively subordinated to Horizon’s existing and future secured indebtedness. There is no sinking fund for the Notes. The Notes are obligations of Horizon only and are not obligations of, and are not guaranteed by, any of Horizon’s subsidiaries.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Our hedging policy allows the use of interest rate derivative instruments to manage our exposure to interest rate risk or hedge specified assets and liabilities. All derivative instruments are carried on the balance sheet at their estimated fair value and are recorded in other assets or other liabilities, as appropriate. Cash Flow Hedges As a strategy to maintain acceptable levels of exposure to the risk of changes in future cash flow due to interest rate fluctuations, the Company entered into an interest rate swap agreement for a portion of its floating rate debt on July 20, 2018. The agreement provides for the Company to receive interest from the counterparty at one month LIBOR and to pay interest to the counterparty at a fixed rate of 2.81% on a notional amount of $50.0 million. Under the agreement, the Company paid or received the net interest amount monthly, with the monthly settlements included in interest expense. The Company terminated this interest rate swap agreement on May 23, 2023 and recorded a related gain of $1.5 million as a reduction of interest expense. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. Fair Value Hedges Fair value hedges are intended to reduce the interest rate risk associated with the underlying hedged item. The Company enters into fixed rate loan agreements as part of its lending policy. To mitigate the risk of changes in fair value based on fluctuations in interest rates, the Company has entered into interest rate swap agreements on individual loans, converting the fixed rate loans to a variable rate. Additionally, the Company entered into fair value hedges for certain of our fixed rate AFS municipal securities. The instruments are designated as fair value hedges as the changes in the fair value of the interest rate swap are expected to offset changes in the fair value of the hedged item attributable to changes in the SOFR swap rate, the designated benchmark interest rate. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative as well as the offsetting gain or loss on the hedged item attributable to the hedged risk are recognized in current earnings. The change in fair value of both the hedge instruments and the underlying hedged item are recorded as gains or losses in non–interest income. At June 30, 2024, the Company’s fair value hedges were effective and are not expected to have a significant impact on the Company’s net income over the next 12 months. Other Derivative Instruments From time to time, we may enter into certain interest rate swaps that are not designated as hedging instruments. These interest rate derivative contracts relate to transactions in which we enter into an interest rate swap with a customer while concurrently entering into an offsetting interest rate swap with a third-party financial institution. We agree to pay interest to the customer on a notional amount at a variable rate and receive interest from the customer on a similar notional amount at a fixed interest rate. At the same time, we agree to pay a third-party financial institution the same fixed interest rate on the same notional amount and receive the same variable interest rate on the same notional amount. These interest rate derivative contracts allow our customers to effectively convert a variable rate loan to a fixed rate loan. The Company enters into non–hedging derivatives in the form of mortgage loan forward sale commitments with investors and commitments to originate mortgage loans as part of its mortgage banking business. At June 30, 2024, the Company’s fair value of these derivatives were recorded and over the next 12 months are not expected to have a significant impact on the Company’s net income. The change in fair value of both the forward sale commitments and commitments to originate mortgage loans were recorded and the net gains or losses included in the Company’s gain on sale of loans. The following tables summarize the fair value of our derivative financial instruments utilized by Horizon on a gross basis for the periods indicated. Asset Derivatives Liability Derivatives June 30, 2024 June 30, 2024 Notional Fair Notional Fair Derivatives designated as hedging instruments Interest rate contracts – fair value hedges $ 52,097 $ 3,364 $ — $ — Total derivatives designated as hedging instruments 52,097 3,364 — — Derivatives not designated as hedging instruments Interest rate contracts – customer accommodation 529,613 30,986 529,613 30,986 Mortgage loan contracts — — 2,348 7 Commitments to originate mortgage loans 300 8 — — Total derivatives not designated as hedging instruments 529,913 30,994 531,961 30,993 Total derivatives $ 582,010 $ 34,358 $ 531,961 $ 30,993 Total derivatives subject to enforceable master netting arrangements, gross $ 582,010 $ 34,358 $ 531,961 $ 30,993 Less: Gross amounts offset — — — — Total derivatives subject to enforceable master netting arrangements, net $ 582,010 $ 34,358 $ 531,961 $ 30,993 Asset Derivatives Liability Derivatives December 31, 2023 December 31, 2023 Notional Amount Fair Notional Amount Fair Derivatives designated as hedging instruments Interest rate contracts – fair value hedges $ 53,468 $ 2,950 $ — $ — Total derivatives designated as hedging instruments 53,468 2,950 — — Derivatives not designated as hedging instruments Interest rate contracts – customer accommodation 504,696 23,606 514,881 24,024 Mortgage loan contracts 4,844 33 — — Commitments to originate mortgage loans 4,351 125 — — Total derivatives not designated as hedging instruments 513,891 23,764 514,881 24,024 Total derivatives $ 567,359 $ 26,714 $ 514,881 $ 24,024 Total derivatives subject to enforceable master netting arrangements, gross $ 567,359 $ 26,714 $ 514,881 $ 24,024 Less: Gross amounts offset — — — — Total derivatives subject to enforceable master netting arrangements, net $ 567,359 $ 26,714 $ 514,881 $ 24,024 While the Company is party to master netting arrangements with most of its swap derivative counterparties, the Company has elected to not offset derivative assets and liabilities under these agreements on its consolidated balance sheets. Collateral exchanged between the Company and dealer bank counterparties is generally subject to thresholds and transfer minimums, and usually consists of marketable securities. At June 30, 2024, the Company pledged marketable securities as collateral with a carrying value of $19.0 million. The effect of the derivative instruments on the condensed consolidated statements of comprehensive income (loss) for the three and six month periods ended June 30 is as follows: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives in cash flow hedging relationship Interest rate contracts $ — $ (1,119) $ — $ (1,561) The effect of the derivatives in cash flow hedging relationships on the condensed consolidated statements of income for three and six month periods ended June 30 is as follows: Location of gain Amount of Gain (Loss) Recognized Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives in cash flow hedging relationship Interest rate contracts – cash flow hedges Interest expense – Borrowings $ — $ 1,624 $ — $ 1,832 The effect of the derivative and the hedged item in fair value hedging relationships on the condensed consolidated statements of income for three and six month periods ended June 30 is as follows: Location of gain (loss) Amount of Gain (Loss) Recognized on Derivative and Hedged Item Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives designated as hedging instruments Interest rate contracts - fair value hedge Interest income - loans receivable $ 330 $ 314 $ 665 $ 434 Hedged item (330) (314) (665) (434) Interest rate contracts - fair value hedge Interest income - investment securities 21 61 92 110 Hedged item (21) (61) (92) (110) Total $ — $ — $ — $ — The effect of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and six month periods ended June 30 is as follows: Location of gain Amount of Gain (Loss) Recognized on Derivative Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives not designated as hedging instruments Mortgage loan contracts Non-interest income - Gain on sale of loans $ 15 $ (119) $ (39) $ (32) Commitments to originate mortgage loans Non-interest income - Gain on sale of loans (49) (88) (76) (153) Totals $ (34) $ (207) $ (115) $ (185)

Disclosures about Fair Value of

Disclosures about Fair Value of Assets and Liabilities	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Disclosures about Fair Value of Assets and Liabilities	Disclosures about Fair Value of Assets and Liabilities The Fair Value Measurements topic of the FASB ASC defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. There are three levels of inputs that may be used to measure fair value: Level 1 – Quoted prices in active markets for identical assets or liabilities Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis and recognized in the accompanying condensed consolidated financial statements, as well as the general classification of such instruments pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the period ended June 30, 2024. For assets classified within Level 3 of the fair value hierarchy, the process used to develop the reported fair value is described below. Available for sale securities When quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows. Level 2 securities include U.S. Treasury and federal agency securities, state and municipal securities, federal agency collateralized mortgage obligations and mortgage–backed pools and corporate notes. Level 2 securities are valued by a third party pricing service commonly used in the banking industry utilizing observable inputs. Observable inputs include dealer quotes, market spreads, cash flow analysis, the U.S. Treasury yield curve, trade execution data, market consensus prepayment spreads and available credit information and the bond’s terms and conditions. The pricing provider utilizes evaluated pricing models that vary based on asset class. These models incorporate available market information including quoted prices of securities with similar characteristics and, because many fixed–income securities do not trade on a daily basis, apply available information through processes such as benchmark curves, benchmarking of like securities, sector grouping, and matrix pricing. In addition, model processes, such as an option adjusted spread model, is used to develop prepayment and interest rate scenarios for securities with prepayment features. Interest rate swap agreements The fair value of the Company’s interest rate swap agreements is estimated by a third party using inputs that are primarily unobservable including a yield curve, adjusted for liquidity and credit risk, contracted terms and discounted cash flow analysis, and therefore, are classified within Level 2 of the valuation hierarchy. The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following: June 30, 2024 Fair Value Quoted Prices in Active Markets Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 62,665 $ — $ 62,665 $ — State and municipal 294,836 — 294,836 — Federal agency collateralized mortgage obligations 3,334 — 3,334 — Federal agency mortgage–backed pools 130,318 — 130,318 — Corporate notes 35,901 — 35,901 — Total available for sale securities 527,054 — 527,054 — Interest rate swap agreements asset 34,350 — 34,350 — Commitments to originate mortgage loans 8 — 8 — Mortgage loan contracts liability (7) — (7) — Interest rate swap agreements liability (30,986) — (30,986) — December 31, 2023 Fair Value Quoted Prices in Active Markets Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 64,377 $ — $ 64,377 $ — State and municipal 304,030 — 304,030 — Federal agency collateralized mortgage obligations 3,580 — 3,580 — Federal agency mortgage–backed pools 137,297 — 137,297 — Corporate notes 37,967 — 37,967 — Total available for sale securities 547,251 — 547,251 — Interest rate swap agreements asset 26,556 — 26,556 — Commitments to originate mortgage loans 125 — 125 — Mortgage loan contracts 33 — 33 — Interest rate swap agreements liability (24,024) — (24,024) — Certain other assets are measured at fair value on a non-recurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment): Fair Value Quoted Prices in Active Markets Significant Significant June 30, 2024 Collateral dependent loans $ 599 $ — $ — $ 599 December 31, 2023 Collateral dependent loans $ 2,918 $ — $ — $ 2,918 Collateral Dependent Loans: For loans identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. Collateral dependent loans are classified within Level 3 of the fair value hierarchy when impairment is determined using the fair value method. The following table presents qualitative information about unobservable inputs used in recurring and non–recurring Level 3 fair value measurements, other than goodwill. June 30, 2024 Fair Valuation Unobservable Range Collateral dependent loans $ 599 Collateral based measurement Discount to reflect current market conditions and ultimate collectibility 15.4%-20.0% (15.4%) December 31, 2023 Fair Valuation Unobservable Range Collateral dependent loans $ 2,918 Collateral based measurement Discount to reflect current market conditions and ultimate collectibility 16.9%-34.2%(21.5%)

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The estimated fair value amounts of the Company’s financial instruments were determined using available market information, current pricing information applicable to Horizon and various valuation methodologies. Where market quotations were not available, considerable management judgment was involved in the determination of estimated fair values. Therefore, the estimated fair value of financial instruments shown below may not be representative of the amounts at which they could be exchanged in a current or future transaction. Due to the inherent uncertainties of expected cash flows of financial instruments, the use of alternate valuation assumptions and methods could have a significant effect on the estimated fair value amounts. The estimated fair values of financial instruments, as shown below, are not intended to reflect the estimated liquidation or market value of Horizon taken as a whole. The disclosed fair value estimates are limited to Horizon’s significant financial instruments at June 30, 2024 and December 31, 2023. These include financial instruments recognized as assets and liabilities on the condensed consolidated balance sheets as well as certain off–balance sheet financial instruments. The estimated fair values shown below do not include any valuation of assets and liabilities, which are not financial instruments as defined by the FASB ASC fair value hierarchy. The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and Cash Equivalents – Cash and cash equivalents are composed of: cash and due from banks, interest earning deposits, and federal funds sold. The carrying amounts approximate fair value. Interest-Earning Time Deposits – The carrying amounts approximate fair value. Held–to–Maturity Securities – For debt securities held to maturity, fair values are based on quoted market prices or dealer quotes. For those securities where a quoted market price is not available, carrying amount is a reasonable estimate of fair value based upon comparison with similar securities. Loans Held for Sale – The carrying amounts approximate fair value. Net Loans – The fair value of net loans are estimated on an exit price basis incorporating discounts for credit, liquidity and marketability factors. FHLB Stock – Fair value of FHLB stock is based on the price at which it may be resold to the FHLB. Interest Payable – The carrying amounts approximate fair value. Deposits – The fair value of demand deposits, savings accounts, interest bearing checking accounts and money market deposits is the amount payable on demand at the reporting date and are classified within Level 1. The fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using rates currently offered for deposits of similar remaining maturity and are classified within Level 2. Borrowings – Rates currently available to Horizon for debt with similar terms and remaining maturities are used to estimate fair values of existing borrowings. Subordinated Notes – The fair value of subordinated notes is based on discounted cash flows based on current borrowing rates for similar types of instruments. Junior Subordinated Debentures Issued to Capital Trusts – Rates currently available for debentures with similar terms and remaining maturities are used to estimate fair values of existing debentures. Commitments to Extend Credit and Standby Letters of Credit – The fair value of commitments is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed–rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. Due to the short–term nature of these agreements, carrying amounts approximate fair value. The following tables present estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall. June 30, 2024 Carrying Quoted Prices in Active Markets Significant Significant Assets Cash and due from banks $ 106,691 $ 106,691 $ — $ — Interest earning deposits 4,957 4,957 — — Federal funds sold 34,453 34,453 — — Cash and cash equivalents 146,101 146,101 — Interest earning time deposits 1,715 — 1,715 — Investment securities, held to maturity 1,904,281 — 1,596,829 — Loans held for sale 2,440 — — 2,440 Loans, net 4,770,625 — — 4,529,404 Stock in FHLB 53,826 — 53,826 — Liabilities Non–interest bearing deposits $ 1,087,040 $ 1,087,040 $ — $ — Interest bearing deposits 4,543,114 3,364,726 1,170,682 — Borrowings 1,357,335 — 1,347,888 — Subordinated notes 55,668 — 53,408 — Junior subordinated debentures issued to capital trusts 57,369 — 50,050 — Interest payable 11,240 — 11,240 — December 31, 2023 Carrying Quoted Prices in Active Markets Significant Significant Assets Cash and due from banks $ 112,772 $ 112,772 $ — $ — Interest earning deposits 12,071 12,071 — — Federal funds sold 401,672 401,672 — — Cash and cash equivalents 526,515 526,515 — — Interest earning time deposits 2,205 — 2,190 — Investment securities, held to maturity 1,945,638 — 1,668,601 — Loans held for sale 1,418 — — 1,418 Loans, net 4,367,601 — — 4,072,568 Stock in FHLB 34,509 — 34,509 — Liabilities Non–interest bearing deposits $ 1,116,005 $ 1,116,005 $ — $ — Interest bearing deposits 4,548,888 3,369,149 1,171,452 — Borrowings 1,353,050 — 1,347,129 — Subordinated notes 55,543 — 53,283 — Junior subordinated debentures issued to capital trusts 57,258 — 50,063 — Interest payable 22,249 — 22,249 —

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity On June 18, 2024, the Company declared a quarterly dividend to common shareholders of $0.16 per share, which was paid on July 19, 2024 to shareholders of record on July 5, 2024. Dividends declared were $0.16 and $0.32 per share during the three and six months ended June 30, 2024 and $0.16 and $0.32 per share during the three and six months ended June 30, 2023. Accumulated Other Comprehensive Income (Loss) June 30, December 31, Unrealized gain (loss) on securities available for sale, net of tax $ (76,136) $ (69,018) Unamortized gain (loss) on securities held to maturity, previously transferred from AFS, net of tax 2,151 2,409 Total accumulated other comprehensive income (loss) $ (73,985) $ (66,609)

Regulatory Capital

Regulatory Capital	6 Months Ended
	Jun. 30, 2024
Banking and Thrift, Interest [Abstract]
Regulatory Capital	Regulatory Capital Horizon and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. These capital requirements implement changes arising from the Dodd–Frank Wall Street Reform and Consumer Protection Act and the U.S. Basel Committee on Banking Supervision’s capital framework (known as “Basel III”). Failure to meet the minimum regulatory capital requirements can initiate certain mandatory and possible additional discretionary actions by regulators, which if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective actions, the Company and Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities, and certain off–balance–sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The Company and Bank are subject to minimum regulatory capital requirements as defined and calculated in accordance with the Basel III–based regulations. As allowed under Basel III rules, the Company made the decision to opt–out of including accumulated other comprehensive income in regulatory capital. The minimum regulatory capital requirements are set forth in the table below. In addition, to be categorized as well capitalized, the Company and Bank must maintain Total risk–based, Tier I risk–based, common equity Tier I risk–based and Tier I leverage ratios as set forth in the table below. As of June 30, 2024, March 31, 2024 and December 31, 2023, the Company and Bank met all capital adequacy requirements to be considered well capitalized. There have been no conditions or events since the end of the second quarter of 2024 that management believes have changed the Bank’s classification as well capitalized. There is no threshold for well capitalized status for bank holding companies. During the second quarter of 2024 management corrected a prior computation of the Company’s total capital (to risk-weighted assets), Tier 1 capital (to risk-weighted assets), and Tier 1 capital (to average assets) ratios for purposes of the Company’s consolidated financial statements for holding companies filed with the Federal Reserve (the “Regulatory Filings”), which involved an incorrect classification of the Company’s subordinated notes as Tier 1 capital. This incorrect classification affected the Company's regulatory capital disclosures in certain prior period filings with the SEC, as those disclosures were sourced from the Regulatory Filings. The Company evaluated the effects of the incorrect classification to its previously filed Regulatory Filings and previously issued financial statements in accordance with SEC Staff Accounting Bulletins No. 99 and No. 108 and, based upon qualitative and quantitative factors, determined the errors were not material to the previously filed Regulatory Filings or the previously issued financial statements and disclosures included in our Annual Reports on Form 10-K for the years ended December 31, 2020, 2021, 2022 and 2023, or for any of the quarterly reports included therein or through our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024. The Company has amended its Regulatory Filings for the periods ended March 31, 2024 and December 31, 2023 to reclassify the subordinated notes balance from Tier 1 capital into Tier 2 capital. The correction of the classification had no effect on the Company’s consolidated balance sheets, statements of income, stockholders’ equity, or the amounts or disclosure of the regulatory capital ratios of the Bank as included in its call reports. The Company continues to exceed regulatory proxy ratios to be considered “well capitalized”, plus the capital conservation buffer, at June 30, 2024. The following table presents Horizon and the Bank’s actual and required capital ratios as of June 30, 2024, March 31, 2024 and December 31, 2023, as well as the revisions to Horizon's regulatory capital ratios to reflect the correction of the capital computations for the foregoing periods: Actual Required for Capital Adequacy Purposes (1) Required For Capital Adequacy Purposes with Capital Buffer (1) Well Capitalized Under Prompt Corrective Action Provisions (1) Amount Ratio Amount Ratio Amount Ratio Amount Ratio June 30, 2024 Total capital (to risk-weighted assets) (1) Consolidated $ 802,395 13.41 % $ 478,786 8.00 % $ 628,407 10.50 % N/A N/A Bank 732,301 12.26 477,761 8.00 627,061 10.50 $ 597,201 10.00 % Tier 1 capital (to risk-weighted assets) (1) Consolidated 693,807 11.59 359,090 6.00 508,711 8.50 N/A N/A Bank 679,381 11.38 358,321 6.00 507,621 8.50 477,761 8.00 Common equity tier 1 capital (to risk-weighted assets) (1) Consolidated 636,438 10.63 269,317 4.50 418,938 7.00 N/A N/A Bank 679,381 11.38 268,741 4.50 418,041 7.00 388,181 6.50 Tier 1 capital (to total assets) (1) Consolidated 693,807 9.02 307,743 4.00 307,743 4.00 N/A N/A Bank 679,381 8.84 307,335 4.00 307,335 4.00 384,168 5.00 March 31, 2024 Total capital (to risk-weighted assets) (1) Consolidated (As Revised)* $ 789,786 13.75 % $ 459,485 8.00 % $ 603,074 10.50 % N/A N/A Consolidated (As Reported) 793,567 13.82 459,485 8.00 603,074 10.50 N/A N/A Bank 721,018 12.59 458,163 8.00 601,338 10.50 $ 572,703 10.00 % Tier 1 capital (to risk-weighted assets) (1) Consolidated (As Revised)* 683,015 11.89 344,614 6.00 488,203 8.50 N/A N/A Consolidated (As Reported) 742,430 12.93 344,614 6.00 488,203 8.50 N/A N/A Bank 669,881 11.70 343,622 6.00 486,798 8.50 458,163 8.00 Common equity tier 1 capital (to risk-weighted assets) (1) Consolidated 625,700 10.89 258,460 4.50 402,049 7.00 N/A N/A Bank 669,881 11.70 257,716 4.50 400,892 7.00 372,257 6.50 Tier 1 capital (to total assets) (1) Consolidated (As Revised)* 683,015 8.91 306,716 4.00 306,716 4.00 N/A N/A Consolidated (As Reported) 742,430 9.68 306,716 4.00 306,716 4.00 N/A N/A Bank 669,881 8.63 310,592 4.00 310,592 4.00 388,240 5.00 (1) As defined by regulatory agencies *Prior periods have been revised (see disclosures above) Actual Required for Capital Adequacy Purposes (1) Required For Capital Adequacy Purposes with Capital Buffer (1) Well Capitalized Under Prompt Corrective Action Provisions (1) Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2023 Total capital (to risk-weighted assets) (1) Consolidated (As Revised)* $ 782,598 14.04 % $ 446,000 8.00 % $ 585,374 10.50 % N/A N/A Consolidated (As Reported) 786,436 14.11 446,000 8.00 585,374 10.50 N/A N/A Bank 714,402 12.87 444,147 8.00 582,943 10.50 $ 555,184 10.00 % Tier 1 capital (to risk-weighted assets) (1) Consolidated (As Revised)* 676,411 12.13 334,500 6.00 473,874 8.50 N/A N/A Consolidated (As Reported) 735,792 13.20 334,500 6.00 473,874 8.50 N/A N/A Bank 663,758 11.96 333,111 6.00 471,907 8.50 444,147 8.00 Common equity tier 1 capital (to risk-weighted assets) (1) Consolidated 619,153 11.11 250,875 4.50 390,250 7.00 N/A N/A Bank 663,758 11.96 249,833 4.50 388,629 7.00 360,870 6.50 Tier 1 capital (to average assets) (1) Consolidated (As Revised)* 676,411 8.61 314,306 4.00 314,306 4.00 N/A N/A Consolidated (As Reported) 735,792 9.36 314,306 4.00 314,306 4.00 N/A N/A Bank 663,758 8.41 315,550 4.00 315,550 4.00 394,438 5.00 (1) As defined by regulatory agencies *Prior periods have been revised (see disclosures above)

Off-Balance Sheet Arrangements,

Off-Balance Sheet Arrangements, Commitments, and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Off-Balance Sheet Arrangements, Commitments, and Contingencies	Off-Balance Sheet Arrangements, Commitments, and Contingencies Legal Proceedings As of April 20, 2023, a putative class action lawsuit entitled Chad Key, et al. v. Horizon Bancorp, Inc., et al., Case No. 1:23-cv-02961 (”Securities Action”) was filed against the Company and two of its officers in the U.S. District Court for the Eastern District of New York. The Securities Action asserts claims under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 alleging, among other things, the Company made materially false and misleading statements and failed to disclose material adverse facts which allegedly resulted in harm to a putative class of purchasers of our securities from March 9, 2022 and March 10, 2023. As of (1) August 28, 2023, a lawsuit related to the Securities Action was filed by Sally Hundley, derivatively on behalf of the Company, against the Company, as nominal defendant, and 2 of the Company's officers and 10 of its directors and (2) August 31, 2023, a lawsuit also related to the Securities Action was filed by Aziz Chowdhury, derivatively on behalf of the Company, against the Company, as nominal defendant, and 2 of the Company's officers and 10 of its directors (the “Derivatives Actions”) in the U.S. District Court for the Eastern District of New York. The Derivative Actions allege, among other things, breach of the officers and directors' fiduciary duties. The Derivative Actions have been consolidated and stayed pending resolution of any motion to dismiss in the Securities Action. Based on our initial review of these actions, management believes that the Company has strong defenses to the claims and intends to vigorously defend against them. As of June 30, 2024, no liabilities related to the above matters were recorded because we have concluded such liabilities are not probable and the amounts of such liabilities are not reasonably estimable. In addition to the matters described above, from time to time, Horizon and its subsidiaries are involved in various legal proceedings incidental to the conduct of their business. Management does not expect that the outcome of any such proceedings will have a material adverse effect on our consolidated financial position or results of operations. Financial Instruments with Off-Balance Sheet Risk In the normal course of business, the Company is a party to financial instruments with off-balance sheet risk to meet the financing needs of its clients. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of amounts recorded in the consolidated balance sheets. Commitments to extend credit are legally binding agreements to lend to a client, so long as there is no violation of any condition established in the commitment contract. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client to a third party. The credit risk involved in issuing letters of credit is essentially the same as the credit risk involved in extending loan facilities to clients. The Company’s policy for obtaining collateral, and determining the nature of such collateral, is essentially the same as in the Company’s policies for making commitments to extend credit. The methodology for estimating the liability for unfunded loan commitments is consistent with the allowance for credit losses on loans. The following table represents the commitments to extend credit and standby letters of credit as of June 30, 2024 and December 31, 2023, respectively: June 30, 2024 December 31, 2023 Commitments to extend credit $ 1,103,746 $ 1,118,417 Standby letters of credit 18,969 16,493 Total $ 1,122,715 $ 1,134,910

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain reclassifications have been made to the 2023 condensed consolidated financial statements to be comparable to 2024. These reclassifications were not material and had no effect on net income.
Earnings per Common Share	Basic earnings per share is computed by dividing net income available to common shareholders (net income less dividend requirements for preferred stock and accretion of preferred stock discount) by the weighted–average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.

Accounting Policies (Tables)

Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Share	The following table shows computation of basic and diluted earnings per share. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (dollars in thousands, except per share data) 2024 2023 2024 2023 Basic earnings per share Net income $ 14,140 $ 18,763 $ 28,131 $ 36,991 Weighted average common shares outstanding 43,712,059 43,639,987 43,686,576 43,611,926 Basic earnings per share $ 0.32 $ 0.43 $ 0.64 $ 0.85 Diluted earnings per share Net income $ 14,140 $ 18,763 $ 28,131 $ 36,991 Weighted average common shares outstanding 43,712,059 43,639,987 43,686,576 43,611,926 Effect of dilutive securities: Restricted stock 270,833 102,046 226,864 136,693 Stock options 4,295 555 4,850 8,702 Weighted average common shares outstanding 43,987,187 43,742,588 43,918,290 43,757,321 Diluted earnings per share $ 0.32 $ 0.43 $ 0.64 $ 0.85

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Fair Value of Securities	The fair value of securities is as follows: June 30, 2024 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 71,419 $ — $ (8,754) $ 62,665 State and municipal 352,223 2 (57,389) 294,836 Federal agency collateralized mortgage obligations 3,702 — (368) 3,334 Federal agency mortgage-backed pools 154,479 — (24,161) 130,318 Corporate notes 41,605 — (5,704) 35,901 Total available for sale investment securities $ 623,428 $ 2 $ (96,376) $ 527,054 June 30, 2024 Amortized Gross Gross Fair Allowance for Credit Losses Net Held to maturity U.S. Treasury and federal agencies $ 284,114 $ — $ (41,917) $ 242,197 $ — $ 284,114 State and municipal 1,064,638 160 (178,390) 886,408 (21) 1,064,617 Federal agency collateralized mortgage obligations 48,668 — (8,128) 40,540 — 48,668 Federal agency mortgage-backed pools 314,069 — (49,255) 264,814 — 314,069 Private labeled mortgage-backed pools 30,780 — (4,534) 26,246 (7) 30,773 Corporate notes 162,170 — (25,388) 136,782 (130) 162,040 Total held to maturity investment securities $ 1,904,439 $ 160 $ (307,612) $ 1,596,987 $ (158) $ 1,904,281 December 31, 2023 Amortized Gross Gross Fair Available for sale U.S. Treasury and federal agencies $ 72,938 $ — $ (8,561) $ 64,377 State and municipal 353,299 — (49,269) 304,030 Federal agency collateralized mortgage obligations 3,931 — (351) 3,580 Federal agency mortgage-backed pools 161,130 — (23,833) 137,297 Corporate notes 43,317 455 (5,805) 37,967 Total available for sale investment securities $ 634,615 $ 455 $ (87,819) $ 547,251 December 31, 2023 Amortized Gross Gross Fair Allowance for Credit Losses Net Held to maturity U.S. Treasury and federal agencies $ 287,259 $ — $ (41,299) $ 245,960 $ — $ 287,259 State and municipal 1,088,499 1,185 (150,323) 939,361 (20) 1,088,479 Federal agency collateralized mortgage obligations 51,325 — (7,846) 43,479 — 51,325 Federal agency mortgage-backed pools 323,649 — (48,621) 275,028 — 323,649 Private labeled mortgage-backed pools 32,329 — (4,595) 27,734 (7) 32,322 Corporate notes 162,734 — (25,538) 137,196 (130) 162,604 Total held to maturity investment securities $ 1,945,795 $ 1,185 $ (278,222) $ 1,668,758 $ (157) $ 1,945,638
Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity	The amortized cost and fair value of securities available for sale and held to maturity at June 30, 2024 and December 31, 2023, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2024 December 31, 2023 Amortized Fair Amortized Fair Available for sale Within one year $ 3,646 $ 3,618 $ 5,505 $ 5,408 One to five years 105,358 93,966 100,301 89,650 Five to ten years 175,739 145,553 167,764 141,203 After ten years 180,504 150,265 195,984 170,113 465,247 393,402 469,554 406,374 Federal agency collateralized mortgage obligations 3,702 3,334 3,931 3,580 Federal agency mortgage–backed pools 154,479 130,318 161,130 137,297 Total available for sale investment securities $ 623,428 $ 527,054 $ 634,615 $ 547,251 Held to maturity Within one year $ 22,563 $ 22,312 $ 33,483 $ 33,169 One to five years 217,174 207,041 225,957 216,354 Five to ten years 357,082 305,973 350,843 304,067 After ten years 914,103 730,061 928,209 768,927 1,510,922 1,265,387 1,538,492 1,322,517 Federal agency collateralized mortgage obligations 48,668 40,540 51,325 43,479 Federal agency mortgage–backed pools 314,069 264,814 323,649 275,028 Private labeled mortgage–backed pools 30,780 26,246 32,329 27,734 Total held to maturity investment securities $ 1,904,439 $ 1,596,987 $ 1,945,795 $ 1,668,758
Schedule of Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value	The following tables show the gross unrealized losses and the fair value of the Company’s available for sale investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. June 30, 2024 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ — $ — $ 62,665 $ (8,754) $ 62,665 $ (8,754) State and municipal 1,664 (291) 292,505 (57,098) 294,169 (57,389) Federal agency collateralized mortgage obligations — — 3,334 (368) 3,334 (368) Federal agency mortgage–backed pools — — 130,319 (24,161) 130,319 (24,161) Corporate notes — — 35,901 (5,704) 35,901 (5,704) Total temporarily impaired securities $ 1,664 $ (291) $ 524,724 $ (96,085) $ 526,388 $ (96,376) December 31, 2023 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Investment Securities U.S. Treasury and federal agencies $ — $ — $ 64,377 $ (8,561) $ 64,377 $ (8,561) State and municipal 2,387 (236) 301,643 (49,033) 304,030 (49,269) Federal agency collateralized mortgage obligations — — 3,580 (351) 3,580 (351) Federal agency mortgage–backed pools — — 137,289 (23,833) 137,289 (23,833) Corporate notes — — 36,359 (5,805) 36,359 (5,805) Total temporarily impaired securities $ 2,387 $ (236) $ 543,248 $ (87,583) $ 545,635 $ (87,819)
Schedule of Credit Quality Indicators of Held-To-Maturity Securities at Amortized Cost	The following table summarizes credit ratings of our held-to-maturity securities at amortized cost for the periods indicated: June 30, 2024 AAA AA A BBB BB Not Rated Total U.S. Treasury and federal agencies $ — $ 284,114 $ — $ — $ — $ — $ 284,114 State and municipal 284,849 713,834 63,772 2,183 — — 1,064,638 Federal agency collateralized mortgage obligations 48,668 — — — — — 48,668 Federal agency mortgage-backed pools 314,069 — — — — — 314,069 Private labeled mortgage-backed pools 30,780 — — — — — 30,780 Corporate notes — 6,193 11,691 75,926 4,550 63,810 162,170 Total $ 678,366 $ 1,004,141 $ 75,463 $ 78,109 $ 4,550 $ 63,810 $ 1,904,439 December 31, 2023 AAA AA A BBB BB Not Rated Total U.S. Treasury and federal agencies $ — $ 287,259 $ — $ — $ — $ — $ 287,259 State and municipal 285,748 730,907 69,658 2,186 — — 1,088,499 Federal agency collateralized mortgage obligations 51,325 — — — — — 51,325 Federal agency mortgage-backed pools 323,649 — — — — — 323,649 Private labeled mortgage-backed pools 32,329 — — — — — 32,329 Corporate notes — 4,260 11,831 78,197 4,556 63,890 162,734 Total $ 693,051 $ 1,022,426 $ 81,489 $ 80,383 $ 4,556 $ 63,890 $ 1,945,795
Schedule of Allowance for Credit Losses on Held-To-Maturity Securities	The following table details activity in the allowance for credit losses on held-to-maturity securities during the three and six months ended June 30, 2024 and 2023. Three Months Ended Six Months Ended June 30 June 30 2024 2023 2024 2023 Beginning balance $ 158 $ — $ 157 $ — Credit loss expense (benefit) — — 1 — Ending balance $ 158 $ — $ 158 $ —
Schedule of Sales of Securities Available for Sale	Information regarding security proceeds, gross gains and gross losses, based on specific identification method, are presented below. Three Months Ended Six Months Ended June 30 June 30 2024 2023 2024 2023 Sales of securities available for sale Proceeds $ — $ 24,668 $ — $ 88,194 Gross gains — 86 — 215 Gross losses — (66) — (695)

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Loan Portfolio Segments and Classes	The table below identifies the Company’s loan portfolio segments and classes. Portfolio Segment Class of Financing Receivable Commercial Owner occupied real estate Non-owner occupied real estate Residential spec homes Development & spec land Commercial and industrial Real estate Residential mortgage Residential construction Mortgage warehouse Mortgage warehouse Consumer Installment Indirect auto Home equity
Schedule of Loans Outstanding By Portfolio Class	The following table presents total loans outstanding by portfolio class, as of June 30, 2024 and December 31, 2023: June 30, December 31, Commercial Owner occupied real estate $ 632,200 $ 640,731 Non–owner occupied real estate 1,439,509 1,273,838 Residential spec homes 12,479 13,489 Development & spec land 33,584 34,039 Commercial and industrial 786,788 712,863 Total commercial 2,904,560 2,674,960 Real estate Residential mortgage 779,894 654,295 Residential construction 18,062 26,841 Mortgage warehouse 68,917 45,078 Total real estate 866,873 726,214 Consumer Installment 106,028 52,366 Indirect auto 382,079 399,946 Home equity 563,300 564,144 Total consumer 1,051,407 1,016,456 Total loans 4,822,840 4,417,630 Allowance for credit losses (52,215) (50,029) Net loans $ 4,770,625 $ 4,367,601
Schedule of Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans	The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loans at June 30, 2024: June 30, 2024 Non–accrual Loans Past Non–accruing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 2,558 $ — $ 1,737 Non–owner occupied real estate 462 — 462 Residential spec homes — — — Development & spec land 593 — 593 Commercial and industrial 708 — 20 Total commercial 4,321 — 2,812 Real estate Residential mortgage 8,489 133 — Residential construction — — — Mortgage warehouse — — — Total real estate 8,489 133 — Consumer Installment 199 196 — Indirect auto 1,218 212 — Home equity 4,036 498 — Total consumer 5,453 906 — Total $ 18,263 $ 1,039 $ 2,812 The following table presents non–accrual loans and loans past due over 90 days still on accrual by class of loan at December 31, 2023: December 31, 2023 Non–accrual Loans Past Non–accruing Loans with no Allowance for Credit Losses Commercial Owner occupied real estate $ 2,636 $ — $ 1,789 Non–owner occupied real estate 3,485 — 1,242 Residential spec homes — — — Development & spec land 617 — 617 Commercial and industrial 624 — 20 Total commercial 7,362 — 3,668 Real estate Residential mortgage 8,058 — — Residential construction — — — Mortgage warehouse — — — Total real estate 8,058 — — Consumer Installment 88 — — Indirect auto 899 299 — Home equity 3,303 260 — Total consumer 4,290 559 — Total $ 19,710 $ 559 $ 3,668
Schedule of Payment Status by Class of Loan	The following table presents the payment status by class of loan at June 30, 2024: June 30, 2024 Current 30–59 Days 60–89 Days 90 Days or Total Total Commercial Owner occupied real estate $ 630,034 $ 723 $ 1,342 $ 101 $ 2,166 $ 632,200 Non–owner occupied real estate 1,439,186 323 — — 323 1,439,509 Residential spec homes 12,479 — — — — 12,479 Development & spec land 33,584 — — — — 33,584 Commercial and industrial 784,821 449 1,436 82 1,967 786,788 Total commercial 2,900,104 1,495 2,778 183 4,456 2,904,560 Real estate Residential mortgage 770,599 90 6,005 3,200 9,295 779,894 Residential construction 18,062 — — — — 18,062 Mortgage warehouse 68,917 — — — — 68,917 Total real estate 857,578 90 6,005 3,200 9,295 866,873 Consumer Installment 104,388 1,166 178 296 1,640 106,028 Indirect auto 377,002 4,023 503 551 5,077 382,079 Home equity 554,712 4,520 1,221 2,847 8,588 563,300 Total consumer 1,036,102 9,709 1,902 3,694 15,305 1,051,407 Total $ 4,793,784 $ 11,294 $ 10,685 $ 7,077 $ 29,056 $ 4,822,840 The following table presents the payment status by class of loan at December 31, 2023: December 31, 2023 Current 30–59 Days 60–89 Days 90 Days or Total Total Commercial Owner occupied real estate $ 638,389 $ 2,342 $ — $ — $ 2,342 $ 640,731 Non–owner occupied real estate 1,273,791 — — 47 47 1,273,838 Residential spec homes 13,489 — — — — 13,489 Development & spec land 33,036 — 1,003 — 1,003 34,039 Commercial and industrial 710,567 1,659 54 583 2,296 712,863 Total commercial 2,669,272 4,001 1,057 630 5,688 2,674,960 Real estate Residential mortgage 646,984 2,823 2,353 2,135 7,311 654,295 Residential construction 26,841 — — — — 26,841 Mortgage warehouse 45,078 — — — — 45,078 Total real estate 718,903 2,823 2,353 2,135 7,311 726,214 Consumer Installment 52,001 304 10 51 365 52,366 Indirect auto 393,615 4,958 736 637 6,331 399,946 Home equity 558,062 3,748 1,217 1,117 6,082 564,144 Total consumer 1,003,678 9,010 1,963 1,805 12,778 1,016,456 Total $ 4,391,853 $ 15,834 $ 5,373 $ 4,570 $ 25,777 $ 4,417,630
Schedule of Allowance for Credit Loss Allocated for Collateral Dependent Loans	The tables below present the amortized cost basis and allowance for credit losses (“ACL”) allocated for collateral dependent loans in accordance with ASC 326, which are individually evaluated to determine expected credit losses, at June 30, 2024 and December 31, 2023. June 30, 2024 Real Estate Accounts Receivable/Equipment Other Total (1) ACL Commercial Owner occupied real estate $ 2,558 $ — $ — $ 2,558 $ 221 Non–owner occupied real estate 462 — — 462 — Residential spec homes — — — — — Development & spec land 593 — — 593 — Commercial and industrial 563 38 20 621 601 Total commercial 4,176 38 20 4,234 822 Total collateral dependent loans $ 4,176 $ 38 $ 20 $ 4,234 $ 822 (1) Collateral dependent loans had a collateral fair value of $5.1 million at June 30, 2024 December 31, 2023 Real Estate Accounts Receivable/Equipment Other Total (1) ACL Commercial Owner occupied real estate $ 2,636 $ — $ — $ 2,636 $ 190 Non–owner occupied real estate 3,485 — — 3,485 699 Residential spec homes — — — — — Development & spec land 617 — — 617 — Commercial and industrial 563 42 20 625 604 Total commercial 7,301 42 20 7,363 1,493 Total collateral dependent loans $ 7,301 $ 42 $ 20 $ 7,363 $ 1,493 (1) Collateral dependent loans had a collateral fair value of $6.3 million at December 31, 2023
Schedule of Loans by Credit Grades	The following tables present loans by credit grades and origination year at June 30, 2024. June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Revolving Loans Total Commercial Owner occupied real estate Pass $ 31,421 $ 70,005 $ 93,077 $ 69,976 $ 39,615 $ 193,454 $ 84,482 $ 10,861 $ 592,891 Special Mention — 2,121 484 3,696 144 11,613 — 452 18,510 Substandard — 4,282 1,060 6,394 — 9,063 — — 20,799 Doubtful — — — — — — — — — Total owner occupied real estate $ 31,421 $ 76,408 $ 94,621 $ 80,066 $ 39,759 $ 214,130 $ 84,482 $ 11,313 $ 632,200 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ 1 $ — $ — $ 1 Non–owner occupied real estate Pass $ 108,271 $ 115,778 $ 204,319 $ 138,375 $ 103,251 $ 370,579 $ 326,424 $ 9,776 $ 1,376,773 Special Mention — 1,351 19,120 1,292 — 37,749 — — 59,512 Substandard 85 — — — 153 2,986 — — 3,224 Doubtful — — — — — — — — — Total non–owner occupied real estate $ 108,356 $ 117,129 $ 223,439 $ 139,667 $ 103,404 $ 411,314 $ 326,424 $ 9,776 $ 1,439,509 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Residential spec homes Pass $ 420 $ 504 $ — $ 420 $ — $ — $ 4,111 $ 7,024 $ 12,479 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total residential spec homes $ 420 $ 504 $ — $ 420 $ — $ — $ 4,111 $ 7,024 $ 12,479 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Development & spec land Pass $ 722 $ 4,244 $ 804 $ 492 $ 359 $ 2,027 $ 22,727 $ 302 $ 31,677 Special Mention — — — — — 322 145 — 467 Substandard — 748 — — — 99 593 — 1,440 Doubtful — — — — — — — — — Total development & spec land $ 722 $ 4,992 $ 804 $ 492 $ 359 $ 2,448 $ 23,465 $ 302 $ 33,584 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial & industrial Pass $ 101,833 $ 118,032 $ 137,913 $ 83,188 $ 9,762 $ 68,583 $ 58,796 $ 168,230 $ 746,337 Special Mention 1,046 1,409 1,170 28 1,252 1,628 10,179 12,962 29,674 Substandard 148 1,670 792 422 235 4,192 971 2,347 10,777 Doubtful — — — — — — — — — Total commercial & industrial $ 103,027 $ 121,111 $ 139,875 $ 83,638 $ 11,249 $ 74,403 $ 69,946 $ 183,539 $ 786,788 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ 108 $ — $ 108 June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Revolving Loans Total Real estate Residential mortgage Performing $ 32,178 $ 149,276 $ 166,810 $ 148,059 $ 81,155 $ 193,794 $ — $ — $ 771,272 Non–performing — 582 1,886 1,137 249 4,768 — — 8,622 Total residential mortgage $ 32,178 $ 149,858 $ 168,696 $ 149,196 $ 81,404 $ 198,562 $ — $ — $ 779,894 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ 2 $ — $ — $ 2 Residential construction Performing $ — $ — $ — $ — $ — $ — $ 18,062 $ — $ 18,062 Non–performing — — — — — — — — — Total residential construction $ — $ — $ — $ — $ — $ — $ 18,062 $ — $ 18,062 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ — $ 68,917 $ 68,917 Non–performing — — — — — — — — — Total mortgage warehouse $ — $ — $ — $ — $ — $ — $ — $ 68,917 $ 68,917 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ — $ — $ — $ — $ — $ — $ — June 30, 2024 2024 2023 2022 2021 2020 Prior Revolving Term Loans Revolving Loans Total Consumer Installment Performing $ 7,313 $ 67,399 $ 11,372 $ 6,496 $ 3,410 $ 7,555 $ 34 $ 2,054 $ 105,633 Non–performing — 313 — 55 — 25 2 — 395 Total installment $ 7,313 $ 67,712 $ 11,372 $ 6,551 $ 3,410 $ 7,580 $ 36 $ 2,054 $ 106,028 Gross charge–offs for the six months ended June 30, 2024 $ 61 $ 32 $ 124 $ 1 $ 17 $ 21 $ — $ — $ 256 Indirect auto Performing $ 31,985 $ 83,884 $ 160,052 $ 64,587 $ 26,035 $ 14,106 $ — $ — $ 380,649 Non–performing — 172 592 344 183 139 — — 1,430 Total indirect auto $ 31,985 $ 84,056 $ 160,644 $ 64,931 $ 26,218 $ 14,245 $ — $ — $ 382,079 Gross charge–offs for the six months ended June 30, 2024 $ — $ 145 $ 606 $ 224 $ 77 $ 67 $ — $ — $ 1,119 Home equity Performing $ 6,882 $ 24,730 $ 18,674 $ 2,784 $ 2,146 $ 11,205 $ 17,990 $ 474,355 $ 558,766 Non–performing — 27 331 — 50 392 3,734 — 4,534 Total home equity $ 6,882 $ 24,757 $ 19,005 $ 2,784 $ 2,196 $ 11,597 $ 21,724 $ 474,355 $ 563,300 Gross charge–offs for the six months ended June 30, 2024 $ — $ — $ 52 $ 88 $ — $ 38 $ — $ 11 $ 189 The following tables present loans by credit grades and origination year at December 31, 2023. December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Term Loans Revolving Loans Total Commercial Owner occupied real estate Pass $ 66,814 $ 101,620 $ 73,199 $ 44,067 $ 41,726 $ 173,913 $ 93,432 $ 8,226 $ 602,997 Special Mention 3,920 490 3,777 — 2,038 8,128 — 452 18,805 Substandard 1,376 — 6,490 966 228 9,339 530 — 18,929 Doubtful — — — — — — — — — Total owner occupied real estate $ 72,110 $ 102,110 $ 83,466 $ 45,033 $ 43,992 $ 191,380 $ 93,962 $ 8,678 $ 640,731 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ 3 $ 401 $ — $ 404 Non–owner occupied real estate Pass $ 116,031 $ 197,702 $ 149,540 $ 104,591 $ 83,394 $ 303,191 $ 246,569 $ 9,878 $ 1,210,896 Special Mention 1,366 16,135 1,334 254 845 36,590 — — 56,524 Substandard — — — 185 — 6,233 — — 6,418 Doubtful — — — — — — — — — Total non–owner occupied real estate $ 117,397 $ 213,837 $ 150,874 $ 105,030 $ 84,239 $ 346,014 $ 246,569 $ 9,878 $ 1,273,838 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ 9 $ — $ — $ 9 Residential spec homes Pass $ — $ — $ 498 $ — $ — $ — $ 5,852 $ 7,139 $ 13,489 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total residential spec homes $ — $ — $ 498 $ — $ — $ — $ 5,852 $ 7,139 $ 13,489 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ 29 $ — $ 29 Development & spec land Pass $ 5,133 $ 1,477 $ 990 $ 390 $ 247 $ 3,146 $ 20,236 $ 170 $ 31,789 Special Mention — — — — — — 1,529 — 1,529 Substandard — — — — — 104 617 — 721 Doubtful — — — — — — — — — Total development & spec land $ 5,133 $ 1,477 $ 990 $ 390 $ 247 $ 3,250 $ 22,382 $ 170 $ 34,039 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial & industrial Pass $ 121,969 $ 151,847 $ 93,709 $ 12,154 $ 20,497 $ 59,041 $ 60,539 $ 147,773 $ 667,529 Special Mention 1,434 726 265 2,137 119 1,305 9,375 18,836 34,197 Substandard 1,595 703 223 211 768 2,404 2,863 2,370 11,137 Doubtful — — — — — — — — — Total commercial & industrial $ 124,998 $ 153,276 $ 94,197 $ 14,502 $ 21,384 $ 62,750 $ 72,777 $ 168,979 $ 712,863 Gross charge–offs for the year ended December 31, 2023 $ — $ 33 $ — $ 123 $ 25 $ 72 $ 344 $ — $ 597 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Term Loans Revolving Loans Total Real estate Residential mortgage Performing $ 40,920 $ 154,803 $ 157,480 $ 85,159 $ 30,464 $ 177,411 $ — $ — $ 646,237 Non–performing 118 1,591 748 259 647 4,695 — — 8,058 Total residential mortgage $ 41,038 $ 156,394 $ 158,228 $ 85,418 $ 31,111 $ 182,106 $ — $ — $ 654,295 Gross charge–offs for the year ended December 31, 2023 $ — $ 28 $ — $ — $ — $ 20 $ — $ — $ 48 Residential construction Performing $ — $ — $ — $ — $ — $ — $ 26,841 $ — $ 26,841 Non–performing — — — — — — — — — Total residential construction $ — $ — $ — $ — $ — $ — $ 26,841 $ — $ 26,841 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ — $ — $ — Mortgage warehouse Performing $ — $ — $ — $ — $ — $ — $ — $ 45,078 $ 45,078 Non–performing — — — — — — — — — Total mortgage warehouse $ — $ — $ — $ — $ — $ — $ — $ 45,078 $ 45,078 Gross charge–offs for the year ended December 31, 2023 $ — $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Term Loans Revolving Loans Total Consumer Installment Performing $ 14,835 $ 13,447 $ 7,859 $ 4,246 $ 4,449 $ 5,074 $ 6 $ 2,362 $ 52,278 Non–performing — 44 10 — 27 7 — — 88 Total installment $ 14,835 $ 13,491 $ 7,869 $ 4,246 $ 4,476 $ 5,081 $ 6 $ 2,362 $ 52,366 Gross charge–offs for the year ended December 31, 2023 $ 33 $ 28 $ 31 $ 10 $ 32 $ 27 $ 6 $ — $ 167 Indirect auto Performing $ 65,260 $ 191,871 $ 80,773 $ 35,995 $ 16,690 $ 8,159 $ — $ — $ 398,748 Non–performing 49 424 312 229 124 60 — — 1,198 Total indirect auto $ 65,309 $ 192,295 $ 81,085 $ 36,224 $ 16,814 $ 8,219 $ — $ — $ 399,946 Gross charge–offs for the year ended December 31, 2023 $ 86 $ 1,388 $ 708 $ 137 $ 58 $ 74 $ — $ — $ 2,451 Home equity Performing $ 26,376 $ 21,379 $ 5,121 $ 2,447 $ 3,885 $ 9,987 $ 12,713 $ 478,673 $ 560,581 Non–performing — 212 — 54 177 260 2,860 — 3,563 Total home equity $ 26,376 $ 21,591 $ 5,121 $ 2,501 $ 4,062 $ 10,247 $ 15,573 $ 478,673 $ 564,144 Gross charge–offs for the year ended December 31, 2023 $ — $ 10 $ — $ 103 $ — $ 91 $ 13 $ — $ 217

Allowance for Credit and Loan_2

Allowance for Credit and Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of Allowance for Loan Losses	The following tables represent, by loan portfolio segment, a summary of changes in the ACL on loans for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, 2024 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 30,514 $ 2,655 $ 659 $ 16,559 $ 50,387 Credit loss expense (reversal) 1,484 (71) 77 925 2,415 PCD loan charge–offs (3) — — — (3) Charge–offs (108) (1) — (741) (850) Recoveries 54 5 — 207 266 Balance, end of period $ 31,941 $ 2,588 $ 736 $ 16,950 $ 52,215 Three Months Ended June 30, 2023 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 31,156 $ 4,447 $ 798 $ 13,125 $ 49,526 Credit loss expense (reversal) (684) (809) 95 2,139 741 PCD loan charge–offs (17) — — — (17) Charge–offs (196) — — (472) (668) Recoveries 95 10 — 289 394 Balance, end of period $ 30,354 $ 3,648 $ 893 $ 15,081 $ 49,976 Six Months Ended June 30, 2024 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 29,736 $ 2,503 $ 481 $ 17,309 $ 50,029 Credit loss expense (reversal) 2,090 76 255 663 3,084 PCD loan charge–offs 112 — — — 112 Charge–offs (109) (2) — (1,564) (1,675) Recoveries 112 11 — 542 665 Balance, end of period $ 31,941 $ 2,588 $ 736 $ 16,950 $ 52,215 Six Months Ended June 30, 2023 Commercial Real Estate Mortgage Warehouse Consumer Total Balance, beginning of period $ 32,445 $ 5,577 $ 1,020 $ 11,422 $ 50,464 Credit loss expense (reversal) (1,715) (1,945) (127) 4,123 336 PCD loan charge–offs (171) — — — (171) Charge–offs (333) (4) — (1,014) (1,351) Recoveries 128 20 — 550 698 Balance, end of period $ 30,354 $ 3,648 $ 893 $ 15,081 $ 49,976
Financial Instruments with Off-Balance Sheet Risk	The following tables represent, by loan portfolio segment, a summary of changes in the activity in the liability for commitments to extend credit and standby letters of credit (please see note 14): Three Months Ended June 30, 2024 June 30, 2023 Balance, beginning of period Credit loss expense (reversal) Ending balance Balance, beginning of period Credit loss expense (reversal) Ending balance Commercial $ — $ — $ — $ — $ — $ — Real Estate 46 (5) 41 83 (22) 61 Mortgage Warehouse — — — — — — Consumer 704 (40) 664 966 (38) 928 Total $ 750 $ (45) $ 705 $ 1,049 $ (60) $ 989 Six Months Ended June 30, 2024 June 30, 2023 Balance, beginning of period Credit loss expense (reversal) Ending balance Balance, beginning of period Credit loss expense (reversal) Ending balance Commercial $ — $ — $ — $ — $ — $ — Real Estate 64 (23) 41 161 (100) 61 Mortgage Warehouse — — — — — — Consumer 551 113 664 242 686 928 Total $ 615 $ 90 $ 705 $ 403 $ 586 $ 989 The following table represents the commitments to extend credit and standby letters of credit as of June 30, 2024 and December 31, 2023, respectively: June 30, 2024 December 31, 2023 Commitments to extend credit $ 1,103,746 $ 1,118,417 Standby letters of credit 18,969 16,493 Total $ 1,122,715 $ 1,134,910

Loan Servicing (Tables)

Loan Servicing (Tables)	6 Months Ended
	Jun. 30, 2024
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]
Schedule of Originated Mortgage Servicing Rights	Mortgage servicing rights are included in other assets on the balance sheets as of June 30, 2024 and December 31, 2023. Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2024 2023 2024 2023 Mortgage servicing rights Balance, beginning of period $ 18,538 $ 18,600 $ 18,807 $ 18,619 Servicing rights capitalized 359 207 567 435 Amortization of servicing rights (465) (300) (942) (547) Balance, end of period 18,432 18,507 18,432 18,507 Impairment allowance Balance, beginning of period — — — — Additions — — — — Reductions — — — — Balance, end of period — — — — Mortgage servicing rights, net $ 18,432 $ 18,507 $ 18,432 $ 18,507 Fair value, beginning of period $ 19,149 $ 18,600 $ 19,891 $ 18,619 Fair value, end of period 19,091 18,507 19,091 18,507

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	6 Months Ended
	Jun. 30, 2024
Disclosure of Repurchase Agreements [Abstract]
Schedule of Repurchase Agreements Accounted as Secured Borrowings	The following tables show repurchase agreements accounted for as secured borrowings and the related securities, at fair value, pledged for repurchase agreements: June 30, 2024 Remaining Contractual Maturity of the Agreements Overnight Up to 30 Days 30-90 Days Greater Than 90 Days Total Repurchase Agreements and repurchase-to-maturity transactions Federal agency collateralized mortgage obligations $ 2,107 $ — $ — $ — $ 2,107 Federal agency mortgage–backed pools 118,723 — — — 118,723 Private labeled mortgage–backed pools 7,339 — — — 7,339 Total borrowings $ 128,169 $ — $ — $ — $ 128,169 December 31, 2023 Remaining Contractual Maturity of the Agreements Overnight Up to 30 Days 30-90 Days Greater Than 90 Days Total Repurchase Agreements and repurchase-to-maturity transactions Federal agency collateralized mortgage obligations $ 2,245 $ — $ — $ — $ 2,245 Federal agency mortgage–backed pools 126,349 — — — 126,349 Private labeled mortgage–backed pools 7,436 — — — 7,436 Total borrowings $ 136,030 $ — $ — $ — $ 136,030

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Financial Instruments	The following tables summarize the fair value of our derivative financial instruments utilized by Horizon on a gross basis for the periods indicated. Asset Derivatives Liability Derivatives June 30, 2024 June 30, 2024 Notional Fair Notional Fair Derivatives designated as hedging instruments Interest rate contracts – fair value hedges $ 52,097 $ 3,364 $ — $ — Total derivatives designated as hedging instruments 52,097 3,364 — — Derivatives not designated as hedging instruments Interest rate contracts – customer accommodation 529,613 30,986 529,613 30,986 Mortgage loan contracts — — 2,348 7 Commitments to originate mortgage loans 300 8 — — Total derivatives not designated as hedging instruments 529,913 30,994 531,961 30,993 Total derivatives $ 582,010 $ 34,358 $ 531,961 $ 30,993 Total derivatives subject to enforceable master netting arrangements, gross $ 582,010 $ 34,358 $ 531,961 $ 30,993 Less: Gross amounts offset — — — — Total derivatives subject to enforceable master netting arrangements, net $ 582,010 $ 34,358 $ 531,961 $ 30,993 Asset Derivatives Liability Derivatives December 31, 2023 December 31, 2023 Notional Amount Fair Notional Amount Fair Derivatives designated as hedging instruments Interest rate contracts – fair value hedges $ 53,468 $ 2,950 $ — $ — Total derivatives designated as hedging instruments 53,468 2,950 — — Derivatives not designated as hedging instruments Interest rate contracts – customer accommodation 504,696 23,606 514,881 24,024 Mortgage loan contracts 4,844 33 — — Commitments to originate mortgage loans 4,351 125 — — Total derivatives not designated as hedging instruments 513,891 23,764 514,881 24,024 Total derivatives $ 567,359 $ 26,714 $ 514,881 $ 24,024 Total derivatives subject to enforceable master netting arrangements, gross $ 567,359 $ 26,714 $ 514,881 $ 24,024 Less: Gross amounts offset — — — — Total derivatives subject to enforceable master netting arrangements, net $ 567,359 $ 26,714 $ 514,881 $ 24,024
Schedule of Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship	The effect of the derivative instruments on the condensed consolidated statements of comprehensive income (loss) for the three and six month periods ended June 30 is as follows: Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives in cash flow hedging relationship Interest rate contracts $ — $ (1,119) $ — $ (1,561)
Schedule of Effect of the Derivative Designated as a Hedging Instrument on the Consolidated Statements of Income Derivative in Fair Value Hedging Relationship	The effect of the derivatives in cash flow hedging relationships on the condensed consolidated statements of income for three and six month periods ended June 30 is as follows: Location of gain Amount of Gain (Loss) Recognized Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives in cash flow hedging relationship Interest rate contracts – cash flow hedges Interest expense – Borrowings $ — $ 1,624 $ — $ 1,832 The effect of the derivative and the hedged item in fair value hedging relationships on the condensed consolidated statements of income for three and six month periods ended June 30 is as follows: Location of gain (loss) Amount of Gain (Loss) Recognized on Derivative and Hedged Item Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives designated as hedging instruments Interest rate contracts - fair value hedge Interest income - loans receivable $ 330 $ 314 $ 665 $ 434 Hedged item (330) (314) (665) (434) Interest rate contracts - fair value hedge Interest income - investment securities 21 61 92 110 Hedged item (21) (61) (92) (110) Total $ — $ — $ — $ — The effect of derivatives not designated as hedging instruments on the condensed consolidated statements of income for the three and six month periods ended June 30 is as follows: Location of gain Amount of Gain (Loss) Recognized on Derivative Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Derivatives not designated as hedging instruments Mortgage loan contracts Non-interest income - Gain on sale of loans $ 15 $ (119) $ (39) $ (32) Commitments to originate mortgage loans Non-interest income - Gain on sale of loans (49) (88) (76) (153) Totals $ (34) $ (207) $ (115) $ (185)

Disclosures about Fair Value _2

Disclosures about Fair Value of Assets and Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis	The following table presents the fair value measurements of assets and liabilities recognized in the accompanying condensed consolidated financial statements measured at fair value on a recurring basis and the level within the FASB ASC fair value hierarchy in which the fair value measurements fall at the following: June 30, 2024 Fair Value Quoted Prices in Active Markets Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 62,665 $ — $ 62,665 $ — State and municipal 294,836 — 294,836 — Federal agency collateralized mortgage obligations 3,334 — 3,334 — Federal agency mortgage–backed pools 130,318 — 130,318 — Corporate notes 35,901 — 35,901 — Total available for sale securities 527,054 — 527,054 — Interest rate swap agreements asset 34,350 — 34,350 — Commitments to originate mortgage loans 8 — 8 — Mortgage loan contracts liability (7) — (7) — Interest rate swap agreements liability (30,986) — (30,986) — December 31, 2023 Fair Value Quoted Prices in Active Markets Significant Significant Available for sale securities U.S. Treasury and federal agencies $ 64,377 $ — $ 64,377 $ — State and municipal 304,030 — 304,030 — Federal agency collateralized mortgage obligations 3,580 — 3,580 — Federal agency mortgage–backed pools 137,297 — 137,297 — Corporate notes 37,967 — 37,967 — Total available for sale securities 547,251 — 547,251 — Interest rate swap agreements asset 26,556 — 26,556 — Commitments to originate mortgage loans 125 — 125 — Mortgage loan contracts 33 — 33 — Interest rate swap agreements liability (24,024) — (24,024) —
Schedule of Other Assets Measured at Fair Value on Nonrecurring Basis	Certain other assets are measured at fair value on a non-recurring basis in the ordinary course of business and are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment): Fair Value Quoted Prices in Active Markets Significant Significant June 30, 2024 Collateral dependent loans $ 599 $ — $ — $ 599 December 31, 2023 Collateral dependent loans $ 2,918 $ — $ — $ 2,918
Schedule of Qualitative Information About Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements, Other than Goodwill	The following table presents qualitative information about unobservable inputs used in recurring and non–recurring Level 3 fair value measurements, other than goodwill. June 30, 2024 Fair Valuation Unobservable Range Collateral dependent loans $ 599 Collateral based measurement Discount to reflect current market conditions and ultimate collectibility 15.4%-20.0% (15.4%) December 31, 2023 Fair Valuation Unobservable Range Collateral dependent loans $ 2,918 Collateral based measurement Discount to reflect current market conditions and ultimate collectibility 16.9%-34.2%(21.5%)

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Estimated Fair Values of Financial Instruments	The following tables present estimated fair values of the Company’s financial instruments and the level within the fair value hierarchy in which the fair value measurements fall. June 30, 2024 Carrying Quoted Prices in Active Markets Significant Significant Assets Cash and due from banks $ 106,691 $ 106,691 $ — $ — Interest earning deposits 4,957 4,957 — — Federal funds sold 34,453 34,453 — — Cash and cash equivalents 146,101 146,101 — Interest earning time deposits 1,715 — 1,715 — Investment securities, held to maturity 1,904,281 — 1,596,829 — Loans held for sale 2,440 — — 2,440 Loans, net 4,770,625 — — 4,529,404 Stock in FHLB 53,826 — 53,826 — Liabilities Non–interest bearing deposits $ 1,087,040 $ 1,087,040 $ — $ — Interest bearing deposits 4,543,114 3,364,726 1,170,682 — Borrowings 1,357,335 — 1,347,888 — Subordinated notes 55,668 — 53,408 — Junior subordinated debentures issued to capital trusts 57,369 — 50,050 — Interest payable 11,240 — 11,240 — December 31, 2023 Carrying Quoted Prices in Active Markets Significant Significant Assets Cash and due from banks $ 112,772 $ 112,772 $ — $ — Interest earning deposits 12,071 12,071 — — Federal funds sold 401,672 401,672 — — Cash and cash equivalents 526,515 526,515 — — Interest earning time deposits 2,205 — 2,190 — Investment securities, held to maturity 1,945,638 — 1,668,601 — Loans held for sale 1,418 — — 1,418 Loans, net 4,367,601 — — 4,072,568 Stock in FHLB 34,509 — 34,509 — Liabilities Non–interest bearing deposits $ 1,116,005 $ 1,116,005 $ — $ — Interest bearing deposits 4,548,888 3,369,149 1,171,452 — Borrowings 1,353,050 — 1,347,129 — Subordinated notes 55,543 — 53,283 — Junior subordinated debentures issued to capital trusts 57,258 — 50,063 — Interest payable 22,249 — 22,249 —

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Components of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) June 30, December 31, Unrealized gain (loss) on securities available for sale, net of tax $ (76,136) $ (69,018) Unamortized gain (loss) on securities held to maturity, previously transferred from AFS, net of tax 2,151 2,409 Total accumulated other comprehensive income (loss) $ (73,985) $ (66,609)

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
	Jun. 30, 2024
Banking and Thrift, Interest [Abstract]
Schedule of Regulatory Capital Requirement	The following table presents Horizon and the Bank’s actual and required capital ratios as of June 30, 2024, March 31, 2024 and December 31, 2023, as well as the revisions to Horizon's regulatory capital ratios to reflect the correction of the capital computations for the foregoing periods: Actual Required for Capital Adequacy Purposes (1) Required For Capital Adequacy Purposes with Capital Buffer (1) Well Capitalized Under Prompt Corrective Action Provisions (1) Amount Ratio Amount Ratio Amount Ratio Amount Ratio June 30, 2024 Total capital (to risk-weighted assets) (1) Consolidated $ 802,395 13.41 % $ 478,786 8.00 % $ 628,407 10.50 % N/A N/A Bank 732,301 12.26 477,761 8.00 627,061 10.50 $ 597,201 10.00 % Tier 1 capital (to risk-weighted assets) (1) Consolidated 693,807 11.59 359,090 6.00 508,711 8.50 N/A N/A Bank 679,381 11.38 358,321 6.00 507,621 8.50 477,761 8.00 Common equity tier 1 capital (to risk-weighted assets) (1) Consolidated 636,438 10.63 269,317 4.50 418,938 7.00 N/A N/A Bank 679,381 11.38 268,741 4.50 418,041 7.00 388,181 6.50 Tier 1 capital (to total assets) (1) Consolidated 693,807 9.02 307,743 4.00 307,743 4.00 N/A N/A Bank 679,381 8.84 307,335 4.00 307,335 4.00 384,168 5.00 March 31, 2024 Total capital (to risk-weighted assets) (1) Consolidated (As Revised)* $ 789,786 13.75 % $ 459,485 8.00 % $ 603,074 10.50 % N/A N/A Consolidated (As Reported) 793,567 13.82 459,485 8.00 603,074 10.50 N/A N/A Bank 721,018 12.59 458,163 8.00 601,338 10.50 $ 572,703 10.00 % Tier 1 capital (to risk-weighted assets) (1) Consolidated (As Revised)* 683,015 11.89 344,614 6.00 488,203 8.50 N/A N/A Consolidated (As Reported) 742,430 12.93 344,614 6.00 488,203 8.50 N/A N/A Bank 669,881 11.70 343,622 6.00 486,798 8.50 458,163 8.00 Common equity tier 1 capital (to risk-weighted assets) (1) Consolidated 625,700 10.89 258,460 4.50 402,049 7.00 N/A N/A Bank 669,881 11.70 257,716 4.50 400,892 7.00 372,257 6.50 Tier 1 capital (to total assets) (1) Consolidated (As Revised)* 683,015 8.91 306,716 4.00 306,716 4.00 N/A N/A Consolidated (As Reported) 742,430 9.68 306,716 4.00 306,716 4.00 N/A N/A Bank 669,881 8.63 310,592 4.00 310,592 4.00 388,240 5.00 (1) As defined by regulatory agencies *Prior periods have been revised (see disclosures above) Actual Required for Capital Adequacy Purposes (1) Required For Capital Adequacy Purposes with Capital Buffer (1) Well Capitalized Under Prompt Corrective Action Provisions (1) Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2023 Total capital (to risk-weighted assets) (1) Consolidated (As Revised)* $ 782,598 14.04 % $ 446,000 8.00 % $ 585,374 10.50 % N/A N/A Consolidated (As Reported) 786,436 14.11 446,000 8.00 585,374 10.50 N/A N/A Bank 714,402 12.87 444,147 8.00 582,943 10.50 $ 555,184 10.00 % Tier 1 capital (to risk-weighted assets) (1) Consolidated (As Revised)* 676,411 12.13 334,500 6.00 473,874 8.50 N/A N/A Consolidated (As Reported) 735,792 13.20 334,500 6.00 473,874 8.50 N/A N/A Bank 663,758 11.96 333,111 6.00 471,907 8.50 444,147 8.00 Common equity tier 1 capital (to risk-weighted assets) (1) Consolidated 619,153 11.11 250,875 4.50 390,250 7.00 N/A N/A Bank 663,758 11.96 249,833 4.50 388,629 7.00 360,870 6.50 Tier 1 capital (to average assets) (1) Consolidated (As Revised)* 676,411 8.61 314,306 4.00 314,306 4.00 N/A N/A Consolidated (As Reported) 735,792 9.36 314,306 4.00 314,306 4.00 N/A N/A Bank 663,758 8.41 315,550 4.00 315,550 4.00 394,438 5.00 (1) As defined by regulatory agencies *Prior periods have been revised (see disclosures above)

Off-Balance Sheet Arrangement_2

Off-Balance Sheet Arrangements, Commitments, and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Financial Instruments with Off-Balance Sheet Risk	The following tables represent, by loan portfolio segment, a summary of changes in the activity in the liability for commitments to extend credit and standby letters of credit (please see note 14): Three Months Ended June 30, 2024 June 30, 2023 Balance, beginning of period Credit loss expense (reversal) Ending balance Balance, beginning of period Credit loss expense (reversal) Ending balance Commercial $ — $ — $ — $ — $ — $ — Real Estate 46 (5) 41 83 (22) 61 Mortgage Warehouse — — — — — — Consumer 704 (40) 664 966 (38) 928 Total $ 750 $ (45) $ 705 $ 1,049 $ (60) $ 989 Six Months Ended June 30, 2024 June 30, 2023 Balance, beginning of period Credit loss expense (reversal) Ending balance Balance, beginning of period Credit loss expense (reversal) Ending balance Commercial $ — $ — $ — $ — $ — $ — Real Estate 64 (23) 41 161 (100) 61 Mortgage Warehouse — — — — — — Consumer 551 113 664 242 686 928 Total $ 615 $ 90 $ 705 $ 403 $ 586 $ 989 The following table represents the commitments to extend credit and standby letters of credit as of June 30, 2024 and December 31, 2023, respectively: June 30, 2024 December 31, 2023 Commitments to extend credit $ 1,103,746 $ 1,118,417 Standby letters of credit 18,969 16,493 Total $ 1,122,715 $ 1,134,910

Accounting Policies - Narrative

Accounting Policies - Narrative (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jul. 16, 2019
Accounting Policies [Abstract]
Number of shares authorized to be repurchased (in shares)					2,250,000
Number of shares repurchased (in shares)			803,349
Average price per share repurchased (in USD per share)			$ 16.89
Shares, non-dilutive (in shares)	167,943	484,650	257,773	415,455

Accounting Policies - Schedule

Accounting Policies - Schedule of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic earnings per share
Net income	$ 14,140	$ 18,763	$ 28,131	$ 36,991
Weighted average common shares outstanding (in shares)	43,712,059	43,639,987	43,686,576	43,611,926
Basic earnings per share (in USD per share)	$ 0.32	$ 0.43	$ 0.64	$ 0.85
Diluted earnings per share
Net income	$ 14,140	$ 18,763	$ 28,131	$ 36,991
Weighted average common shares outstanding (in shares)	43,712,059	43,639,987	43,686,576	43,611,926
Effect of dilutive securities:
Weighted average common shares outstanding (in shares)	43,987,187	43,742,588	43,918,290	43,757,321
Diluted earnings per share (in USD per share)	$ 0.32	$ 0.43	$ 0.64	$ 0.85
Restricted stock
Effect of dilutive securities:
Effect of dilutive securities (in shares)	270,833	102,046	226,864	136,693
Stock options
Effect of dilutive securities:
Effect of dilutive securities (in shares)	4,295	555	4,850	8,702

Securities - Schedule of Fair V

Securities - Schedule of Fair Value of Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Available for sale
Amortized Cost	$ 623,428		$ 634,615
Gross Unrealized Gains	2		455
Gross Unrealized Losses	(96,376)		(87,819)
Fair Value	527,054		547,251
Held to maturity
Amortized Cost	1,904,439		1,945,795
Gross Unrealized Gains	160		1,185
Gross Unrealized Losses	(307,612)		(278,222)
Fair Value	1,596,987		1,668,758
Allowance for Credit Losses	(158)	$ (158)	(157)	$ 0	$ 0	$ 0
Net Carrying Amount	1,904,281		1,945,638
U.S. Treasury and federal agencies
Available for sale
Amortized Cost	71,419		72,938
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(8,754)		(8,561)
Fair Value	62,665		64,377
Held to maturity
Amortized Cost	284,114		287,259
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(41,917)		(41,299)
Fair Value	242,197		245,960
Allowance for Credit Losses	0		0
Net Carrying Amount	284,114		287,259
State and municipal
Available for sale
Amortized Cost	352,223		353,299
Gross Unrealized Gains	2		0
Gross Unrealized Losses	(57,389)		(49,269)
Fair Value	294,836		304,030
Held to maturity
Amortized Cost	1,064,638		1,088,499
Gross Unrealized Gains	160		1,185
Gross Unrealized Losses	(178,390)		(150,323)
Fair Value	886,408		939,361
Allowance for Credit Losses	(21)		(20)
Net Carrying Amount	1,064,617		1,088,479
Federal agency collateralized mortgage obligations
Available for sale
Amortized Cost	3,702		3,931
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(368)		(351)
Fair Value	3,334		3,580
Held to maturity
Amortized Cost	48,668		51,325
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(8,128)		(7,846)
Fair Value	40,540		43,479
Allowance for Credit Losses	0		0
Net Carrying Amount	48,668		51,325
Federal agency mortgage-backed pools
Available for sale
Amortized Cost	154,479		161,130
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(24,161)		(23,833)
Fair Value	130,318		137,297
Held to maturity
Amortized Cost	314,069		323,649
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(49,255)		(48,621)
Fair Value	264,814		275,028
Allowance for Credit Losses	0		0
Net Carrying Amount	314,069		323,649
Corporate notes
Available for sale
Amortized Cost	41,605		43,317
Gross Unrealized Gains	0		455
Gross Unrealized Losses	(5,704)		(5,805)
Fair Value	35,901		37,967
Held to maturity
Amortized Cost	162,170		162,734
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(25,388)		(25,538)
Fair Value	136,782		137,196
Allowance for Credit Losses	(130)		(130)
Net Carrying Amount	162,040		162,604
Private labeled mortgage-backed pools
Held to maturity
Amortized Cost	30,780		32,329
Gross Unrealized Gains	0		0
Gross Unrealized Losses	(4,534)		(4,595)
Fair Value	26,246		27,734
Allowance for Credit Losses	(7)		(7)
Net Carrying Amount	$ 30,773		$ 32,322

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale
Amortized cost within one year	$ 3,646	$ 5,505
Amortized cost one to five years	105,358	100,301
Amortized cost for five to ten years	175,739	167,764
Amortized cost for after ten years	180,504	195,984
Amortized cost, available for sale	465,247	469,554
Total available for sale investment securities, amortized cost	623,428	634,615
Fair value within one year	3,618	5,408
Fair value for one to five years	93,966	89,650
Fair value for five to ten years	145,553	141,203
Fair value for after ten years	150,265	170,113
Fair value, available for sale	393,402	406,374
Fair Value	527,054	547,251
Held to maturity
Within one year, amortized cost	22,563	33,483
One to five years, amortized cost	217,174	225,957
Five to ten years, amortized cost	357,082	350,843
After ten years, amortized cost	914,103	928,209
Amortized cost, held to maturity	1,510,922	1,538,492
Investment securities, held to maturity	1,904,439	1,945,795
Within one year, fair value	22,312	33,169
One to five years, fair value	207,041	216,354
five to ten years, fair value	305,973	304,067
After ten years, fair value	730,061	768,927
Fair value, held to maturity	1,265,387	1,322,517
Fair value, held to maturity, mortgage obligations and backed pools	1,596,987	1,668,758
Federal agency collateralized mortgage obligations
Available for sale
Amortized cost, available for sale, mortgage obligations and backed pools	3,702	3,931
Fair Value	3,334	3,580
Held to maturity
Investment securities, held to maturity	48,668	51,325
Fair value, held to maturity, mortgage obligations and backed pools	40,540	43,479
Federal agency mortgage-backed pools
Available for sale
Amortized cost, available for sale, mortgage obligations and backed pools	154,479	161,130
Fair Value	130,318	137,297
Held to maturity
Investment securities, held to maturity	314,069	323,649
Fair value, held to maturity, mortgage obligations and backed pools	264,814	275,028
Private labeled mortgage-backed pools
Held to maturity
Investment securities, held to maturity	30,780	32,329
Fair value, held to maturity, mortgage obligations and backed pools	$ 26,246	$ 27,734

Securities - Narrative (Details

Securities - Narrative (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) security	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities, carrying value	$ 144,400,000
Federal home loan bank	$ 1,200,000,000
Number of securities in unrealized loss positions | security	2,314	2,290
Unrealized loss positions	$ 2,100,000,000	$ 2,100,000,000
Percentage of portfolio	86.50%	85.10%
Allowance for credit losses for available for sale debt securities	$ 0	$ 0
Allowance for credit loss	158,000	157,000	$ 158,000	$ 0	$ 0	$ 0
Investment securities, held to maturity	1,904,439,000	1,945,795,000
Accrued interest receivable on available for sale debt securities	14,400,000	14,700,000
State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Allowance for credit loss	21,000	20,000
Investment securities, held to maturity	1,064,638,000	1,088,499,000
State and municipal | Internally-Assigned Rating Methodology
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities, held to maturity	$ 131,900,000	$ 143,700,000

Securities - Schedule of Gross

Securities - Schedule of Gross Unrealized Losses and Fair Value of Company's Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Fair value less than 12 months	$ 1,664	$ 2,387
Unrealized losses less than 12 months	(291)	(236)
Fair value more than 12 months	524,724	543,248
Unrealized losses more than 12 months	(96,085)	(87,583)
Total fair value	526,388	545,635
Total unrealized losses	(96,376)	(87,819)
U.S. Treasury and federal agencies
Schedule of Available-for-sale Securities [Line Items]
Fair value less than 12 months	0	0
Unrealized losses less than 12 months	0	0
Fair value more than 12 months	62,665	64,377
Unrealized losses more than 12 months	(8,754)	(8,561)
Total fair value	62,665	64,377
Total unrealized losses	(8,754)	(8,561)
State and municipal
Schedule of Available-for-sale Securities [Line Items]
Fair value less than 12 months	1,664	2,387
Unrealized losses less than 12 months	(291)	(236)
Fair value more than 12 months	292,505	301,643
Unrealized losses more than 12 months	(57,098)	(49,033)
Total fair value	294,169	304,030
Total unrealized losses	(57,389)	(49,269)
Federal agency collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Fair value less than 12 months	0	0
Unrealized losses less than 12 months	0	0
Fair value more than 12 months	3,334	3,580
Unrealized losses more than 12 months	(368)	(351)
Total fair value	3,334	3,580
Total unrealized losses	(368)	(351)
Federal agency mortgage-backed pools
Schedule of Available-for-sale Securities [Line Items]
Fair value less than 12 months	0	0
Unrealized losses less than 12 months	0	0
Fair value more than 12 months	130,319	137,289
Unrealized losses more than 12 months	(24,161)	(23,833)
Total fair value	130,319	137,289
Total unrealized losses	(24,161)	(23,833)
Corporate notes
Schedule of Available-for-sale Securities [Line Items]
Fair value less than 12 months	0	0
Unrealized losses less than 12 months	0	0
Fair value more than 12 months	35,901	36,359
Unrealized losses more than 12 months	(5,704)	(5,805)
Total fair value	35,901	36,359
Total unrealized losses	$ (5,704)	$ (5,805)

Securities - Schedule of Credit

Securities - Schedule of Credit Quality Indicators of Held-To-Maturity Securities at Amortized Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Total	$ 1,904,439	$ 1,945,795
U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	284,114	287,259
State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	1,064,638	1,088,499
Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	48,668	51,325
Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	314,069	323,649
Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	30,780	32,329
Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	162,170	162,734
AAA
Schedule of Held-to-Maturity Securities [Line Items]
Total	678,366	693,051
AAA | U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
AAA | State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	284,849	285,748
AAA | Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	48,668	51,325
AAA | Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	314,069	323,649
AAA | Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	30,780	32,329
AAA | Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
AA
Schedule of Held-to-Maturity Securities [Line Items]
Total	1,004,141	1,022,426
AA | U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	284,114	287,259
AA | State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	713,834	730,907
AA | Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
AA | Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
AA | Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
AA | Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	6,193	4,260
A
Schedule of Held-to-Maturity Securities [Line Items]
Total	75,463	81,489
A | U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
A | State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	63,772	69,658
A | Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
A | Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
A | Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
A | Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	11,691	11,831
BBB
Schedule of Held-to-Maturity Securities [Line Items]
Total	78,109	80,383
BBB | U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BBB | State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	2,183	2,186
BBB | Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BBB | Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BBB | Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BBB | Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	75,926	78,197
BB
Schedule of Held-to-Maturity Securities [Line Items]
Total	4,550	4,556
BB | U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BB | State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BB | Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BB | Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BB | Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
BB | Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	4,550	4,556
Not Rated
Schedule of Held-to-Maturity Securities [Line Items]
Total	63,810	63,890
Not Rated | U.S. Treasury and federal agencies
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
Not Rated | State and municipal
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
Not Rated | Federal agency collateralized mortgage obligations
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
Not Rated | Federal agency mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
Not Rated | Private labeled mortgage-backed pools
Schedule of Held-to-Maturity Securities [Line Items]
Total	0	0
Not Rated | Corporate notes
Schedule of Held-to-Maturity Securities [Line Items]
Total	$ 63,810	$ 63,890

Securities - Schedule of Allowa

Securities - Schedule of Allowance for Credit Losses on Held-To-Maturity Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 158	$ 0	$ 157	$ 0
Credit loss expense (benefit)	0	0	1	0
Ending balance	$ 158	$ 0	$ 158	$ 0

Securities - Sales of Securitie

Securities - Sales of Securities Available for Sale (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds	$ 0	$ 24,668	$ 0	$ 88,194
Gross gains	0	86	0	215
Gross losses	$ 0	$ (66)	$ 0	$ (695)

Loans - Schedule of Loans Outst

Loans - Schedule of Loans Outstanding by Portfolio Class (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	$ 4,822,840		$ 4,417,630
Allowance for credit losses	(52,215)	$ (50,387)	(50,029)	$ (49,976)	$ (49,526)	$ (50,464)
Net loans	4,770,625		4,367,601
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	2,904,560		2,674,960
Allowance for credit losses	(31,941)	(30,514)	(29,736)	(30,354)	(31,156)	(32,445)
Commercial | Owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	632,200		640,731
Commercial | Non–owner occupied real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	1,439,509		1,273,838
Commercial | Residential spec homes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	12,479		13,489
Commercial | Development & spec land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	33,584		34,039
Commercial | Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	786,788		712,863
Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	866,873		726,214
Allowance for credit losses	(2,588)	(2,655)	(2,503)	(3,648)	(4,447)	(5,577)
Real estate | Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	779,894		654,295
Real estate | Residential construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	18,062		26,841
Real estate | Mortgage warehouse
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	68,917		45,078
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	1,051,407		1,016,456
Allowance for credit losses	(16,950)	$ (16,559)	(17,309)	$ (15,081)	$ (13,125)	$ (11,422)
Consumer | Installment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	106,028		52,366
Consumer | Indirect auto
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	382,079		399,946
Consumer | Home equity
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total past due	$ 563,300		$ 564,144

Loans - Narrative (Details)

Loans - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Deferred loan costs	$ 21,200,000		$ 21,200,000		$ 21,900,000
Nonaccrual interest income	0	$ 0	0	$ 0
Repossessed assets	1,200,000		1,200,000
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Net investment in which foreclosure proceedings have commenced	400,000		400,000
Minimum
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans with an aggregate credit exposure	3,000,000		$ 3,000,000
Loans classified as TDR after a period (in days)			90 days
Minimum | Good Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of consecutive years of profit for good pass rating (in years)			3 years
Number of consecutive years of profit unaudited financial information for good pass rating (in years)			5 years
Number of years of satisfactory relationship with bank for good pass rating (in years)			5 years
Maximum
Financing Receivable, Troubled Debt Restructuring [Line Items]
Loans with an aggregate credit exposure	$ 6,000,000		$ 6,000,000
Loans classified as TDR after a period (in days)			120 days
Maximum | Satisfactory Pass
Financing Receivable, Troubled Debt Restructuring [Line Items]
Minimum number of years of satisfactory repayment required for satisfactory pass rating (in years)			2 years

Loans - Schedule of Non-accrual

Loans - Schedule of Non-accrual, Loans Past Due Over 90 Days Still on Accrual, and Troubled Debt Restructured ("TDRs") by Class of Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Non–accrual	$ 18,263	$ 19,710
Loans Past Due Over 90 Days Still Accruing	1,039	559
Non–accruing Loans with no Allowance for Credit Losses	2,812	3,668
Commercial
Financing Receivable, Past Due [Line Items]
Non–accrual	4,321	7,362
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	2,812	3,668
Commercial | Owner occupied real estate
Financing Receivable, Past Due [Line Items]
Non–accrual	2,558	2,636
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	1,737	1,789
Commercial | Non–owner occupied real estate
Financing Receivable, Past Due [Line Items]
Non–accrual	462	3,485
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	462	1,242
Commercial | Residential spec homes
Financing Receivable, Past Due [Line Items]
Non–accrual	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	0	0
Commercial | Development & spec land
Financing Receivable, Past Due [Line Items]
Non–accrual	593	617
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	593	617
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Non–accrual	708	624
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	20	20
Real estate
Financing Receivable, Past Due [Line Items]
Non–accrual	8,489	8,058
Loans Past Due Over 90 Days Still Accruing	133	0
Non–accruing Loans with no Allowance for Credit Losses	0	0
Real estate | Residential mortgage
Financing Receivable, Past Due [Line Items]
Non–accrual	8,489	8,058
Loans Past Due Over 90 Days Still Accruing	133	0
Non–accruing Loans with no Allowance for Credit Losses	0	0
Real estate | Residential construction
Financing Receivable, Past Due [Line Items]
Non–accrual	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	0	0
Real estate | Mortgage warehouse
Financing Receivable, Past Due [Line Items]
Non–accrual	0	0
Loans Past Due Over 90 Days Still Accruing	0	0
Non–accruing Loans with no Allowance for Credit Losses	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Non–accrual	5,453	4,290
Loans Past Due Over 90 Days Still Accruing	906	559
Non–accruing Loans with no Allowance for Credit Losses	0	0
Consumer | Installment
Financing Receivable, Past Due [Line Items]
Non–accrual	199	88
Loans Past Due Over 90 Days Still Accruing	196	0
Non–accruing Loans with no Allowance for Credit Losses	0	0
Consumer | Indirect auto
Financing Receivable, Past Due [Line Items]
Non–accrual	1,218	899
Loans Past Due Over 90 Days Still Accruing	212	299
Non–accruing Loans with no Allowance for Credit Losses	0	0
Consumer | Home equity
Financing Receivable, Past Due [Line Items]
Non–accrual	4,036	3,303
Loans Past Due Over 90 Days Still Accruing	498	260
Non–accruing Loans with no Allowance for Credit Losses	$ 0	$ 0

Loans - Schedule of Payment Sta

Loans - Schedule of Payment Status by Class of Loan (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Current	$ 4,793,784	$ 4,391,853
Past Due	4,822,840	4,417,630
Total  Past Due Loans	29,056	25,777
Total Loans	4,822,840	4,417,630
30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	11,294	15,834
60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	10,685	5,373
90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	7,077	4,570
Commercial
Financing Receivable, Past Due [Line Items]
Current	2,900,104	2,669,272
Past Due	2,904,560	2,674,960
Total  Past Due Loans	4,456	5,688
Total Loans	2,904,560	2,674,960
Commercial | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	1,495	4,001
Commercial | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	2,778	1,057
Commercial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	183	630
Commercial | Owner occupied real estate
Financing Receivable, Past Due [Line Items]
Current	630,034	638,389
Past Due	632,200	640,731
Total  Past Due Loans	2,166	2,342
Total Loans	632,200	640,731
Commercial | Owner occupied real estate | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	723	2,342
Commercial | Owner occupied real estate | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	1,342	0
Commercial | Owner occupied real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	101	0
Commercial | Non–owner occupied real estate
Financing Receivable, Past Due [Line Items]
Current	1,439,186	1,273,791
Past Due	1,439,509	1,273,838
Total  Past Due Loans	323	47
Total Loans	1,439,509	1,273,838
Commercial | Non–owner occupied real estate | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	323	0
Commercial | Non–owner occupied real estate | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial | Non–owner occupied real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	47
Commercial | Residential spec homes
Financing Receivable, Past Due [Line Items]
Current	12,479	13,489
Past Due	12,479	13,489
Total  Past Due Loans	0	0
Total Loans	12,479	13,489
Commercial | Residential spec homes | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial | Residential spec homes | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial | Residential spec homes | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial | Development & spec land
Financing Receivable, Past Due [Line Items]
Current	33,584	33,036
Past Due	33,584	34,039
Total  Past Due Loans	0	1,003
Total Loans	33,584	34,039
Commercial | Development & spec land | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial | Development & spec land | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	1,003
Commercial | Development & spec land | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Commercial | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Current	784,821	710,567
Past Due	786,788	712,863
Total  Past Due Loans	1,967	2,296
Total Loans	786,788	712,863
Commercial | Commercial and industrial | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	449	1,659
Commercial | Commercial and industrial | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	1,436	54
Commercial | Commercial and industrial | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	82	583
Real estate
Financing Receivable, Past Due [Line Items]
Current	857,578	718,903
Past Due	866,873	726,214
Total  Past Due Loans	9,295	7,311
Total Loans	866,873	726,214
Real estate | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	90	2,823
Real estate | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	6,005	2,353
Real estate | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	3,200	2,135
Real estate | Residential mortgage
Financing Receivable, Past Due [Line Items]
Current	770,599	646,984
Past Due	779,894	654,295
Total  Past Due Loans	9,295	7,311
Total Loans	779,894	654,295
Real estate | Residential mortgage | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	90	2,823
Real estate | Residential mortgage | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	6,005	2,353
Real estate | Residential mortgage | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	3,200	2,135
Real estate | Residential construction
Financing Receivable, Past Due [Line Items]
Current	18,062	26,841
Past Due	18,062	26,841
Total  Past Due Loans	0	0
Total Loans	18,062	26,841
Real estate | Residential construction | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Real estate | Residential construction | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Real estate | Residential construction | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Real estate | Mortgage warehouse
Financing Receivable, Past Due [Line Items]
Current	68,917	45,078
Past Due	68,917	45,078
Total  Past Due Loans	0	0
Total Loans	68,917	45,078
Real estate | Mortgage warehouse | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Real estate | Mortgage warehouse | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Real estate | Mortgage warehouse | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	0	0
Consumer
Financing Receivable, Past Due [Line Items]
Current	1,036,102	1,003,678
Past Due	1,051,407	1,016,456
Total  Past Due Loans	15,305	12,778
Total Loans	1,051,407	1,016,456
Consumer | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	9,709	9,010
Consumer | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	1,902	1,963
Consumer | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	3,694	1,805
Consumer | Installment
Financing Receivable, Past Due [Line Items]
Current	104,388	52,001
Past Due	106,028	52,366
Total  Past Due Loans	1,640	365
Total Loans	106,028	52,366
Consumer | Installment | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	1,166	304
Consumer | Installment | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	178	10
Consumer | Installment | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	296	51
Consumer | Indirect auto
Financing Receivable, Past Due [Line Items]
Current	377,002	393,615
Past Due	382,079	399,946
Total  Past Due Loans	5,077	6,331
Total Loans	382,079	399,946
Consumer | Indirect auto | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	4,023	4,958
Consumer | Indirect auto | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	503	736
Consumer | Indirect auto | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	551	637
Consumer | Home equity
Financing Receivable, Past Due [Line Items]
Current	554,712	558,062
Past Due	563,300	564,144
Total  Past Due Loans	8,588	6,082
Total Loans	563,300	564,144
Consumer | Home equity | 30–59 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	4,520	3,748
Consumer | Home equity | 60–89 Days Past Due
Financing Receivable, Past Due [Line Items]
Past Due	1,221	1,217
Consumer | Home equity | 90 Days or Greater Past Due
Financing Receivable, Past Due [Line Items]
Past Due	$ 2,847	$ 1,117

Loans - Schedule of Collateral

Loans - Schedule of Collateral Pledged Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	$ 4,822,840	$ 4,417,630
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	2,904,560	2,674,960
Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	632,200	640,731
Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	1,439,509	1,273,838
Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	12,479	13,489
Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	33,584	34,039
Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	786,788	712,863
Collateral Pledged
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	4,234	7,363
ACL Allocation	822	1,493
Collateral Pledged | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	4,234	7,363
ACL Allocation	822	1,493
Collateral fair value	5,100	6,300
Collateral Pledged | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	2,558	2,636
ACL Allocation	221	190
Collateral Pledged | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	462	3,485
ACL Allocation	0	699
Collateral Pledged | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
ACL Allocation	0	0
Collateral Pledged | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	593	617
ACL Allocation	0	0
Collateral Pledged | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	621	625
ACL Allocation	601	604
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	4,176	7,301
Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	4,176	7,301
Real Estate | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	2,558	2,636
Real Estate | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	462	3,485
Real Estate | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Real Estate | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	593	617
Real Estate | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	563	563
Accounts Receivable/Equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	38	42
Accounts Receivable/Equipment | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	38	42
Accounts Receivable/Equipment | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Accounts Receivable/Equipment | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Accounts Receivable/Equipment | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Accounts Receivable/Equipment | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Accounts Receivable/Equipment | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	38	42
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	20	20
Other | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	20	20
Other | Commercial | Owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Other | Commercial | Non–owner occupied real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Other | Commercial | Residential spec homes
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Other | Commercial | Development & spec land
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	0	0
Other | Commercial | Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total past due	$ 20	$ 20

Loans - Schedule of Loans by Cr

Loans - Schedule of Loans by Credit Grades (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 4,822,840		$ 4,822,840		$ 4,417,630
Total charge-offs	850	$ 668	1,675	$ 1,351
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	2,904,560		2,904,560		2,674,960
Total charge-offs	108	196	109	333
Commercial | Owner occupied real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	31,421		31,421		72,110
Fiscal year before current fiscal year	76,408		76,408		102,110
Two year before current fiscal year	94,621		94,621		83,466
Three year before current fiscal year	80,066		80,066		45,033
Four year before current fiscal year	39,759		39,759		43,992
Prior	214,130		214,130		191,380
Revolving Term Loans	84,482		84,482		93,962
Revolving Loans	11,313		11,313		8,678
Total loans	632,200		632,200		640,731
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		0
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			1		3
Revolving term loans, charge-offs			0		401
Revolving Loans			0		0
Total charge-offs			1		404
Commercial | Owner occupied real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	31,421		31,421		66,814
Fiscal year before current fiscal year	70,005		70,005		101,620
Two year before current fiscal year	93,077		93,077		73,199
Three year before current fiscal year	69,976		69,976		44,067
Four year before current fiscal year	39,615		39,615		41,726
Prior	193,454		193,454		173,913
Revolving Term Loans	84,482		84,482		93,432
Revolving Loans	10,861		10,861		8,226
Total loans	592,891		592,891		602,997
Commercial | Owner occupied real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		3,920
Fiscal year before current fiscal year	2,121		2,121		490
Two year before current fiscal year	484		484		3,777
Three year before current fiscal year	3,696		3,696		0
Four year before current fiscal year	144		144		2,038
Prior	11,613		11,613		8,128
Revolving Term Loans	0		0		0
Revolving Loans	452		452		452
Total loans	18,510		18,510		18,805
Commercial | Owner occupied real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		1,376
Fiscal year before current fiscal year	4,282		4,282		0
Two year before current fiscal year	1,060		1,060		6,490
Three year before current fiscal year	6,394		6,394		966
Four year before current fiscal year	0		0		228
Prior	9,063		9,063		9,339
Revolving Term Loans	0		0		530
Revolving Loans	0		0		0
Total loans	20,799		20,799		18,929
Commercial | Owner occupied real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Commercial | Non–owner occupied real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	108,356		108,356		117,397
Fiscal year before current fiscal year	117,129		117,129		213,837
Two year before current fiscal year	223,439		223,439		150,874
Three year before current fiscal year	139,667		139,667		105,030
Four year before current fiscal year	103,404		103,404		84,239
Prior	411,314		411,314		346,014
Revolving Term Loans	326,424		326,424		246,569
Revolving Loans	9,776		9,776		9,878
Total loans	1,439,509		1,439,509		1,273,838
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		0
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			0		9
Revolving term loans, charge-offs			0		0
Revolving Loans			0		0
Total charge-offs			0		9
Commercial | Non–owner occupied real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	108,271		108,271		116,031
Fiscal year before current fiscal year	115,778		115,778		197,702
Two year before current fiscal year	204,319		204,319		149,540
Three year before current fiscal year	138,375		138,375		104,591
Four year before current fiscal year	103,251		103,251		83,394
Prior	370,579		370,579		303,191
Revolving Term Loans	326,424		326,424		246,569
Revolving Loans	9,776		9,776		9,878
Total loans	1,376,773		1,376,773		1,210,896
Commercial | Non–owner occupied real estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		1,366
Fiscal year before current fiscal year	1,351		1,351		16,135
Two year before current fiscal year	19,120		19,120		1,334
Three year before current fiscal year	1,292		1,292		254
Four year before current fiscal year	0		0		845
Prior	37,749		37,749		36,590
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	59,512		59,512		56,524
Commercial | Non–owner occupied real estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	85		85		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		185
Four year before current fiscal year	153		153		0
Prior	2,986		2,986		6,233
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	3,224		3,224		6,418
Commercial | Non–owner occupied real estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Commercial | Residential spec homes
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	420		420		0
Fiscal year before current fiscal year	504		504		0
Two year before current fiscal year	0		0		498
Three year before current fiscal year	420		420		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	4,111		4,111		5,852
Revolving Loans	7,024		7,024		7,139
Total loans	12,479		12,479		13,489
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		0
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			0		0
Revolving term loans, charge-offs			0		29
Revolving Loans			0		0
Total charge-offs			0		29
Commercial | Residential spec homes | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	420		420		0
Fiscal year before current fiscal year	504		504		0
Two year before current fiscal year	0		0		498
Three year before current fiscal year	420		420		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	4,111		4,111		5,852
Revolving Loans	7,024		7,024		7,139
Total loans	12,479		12,479		13,489
Commercial | Residential spec homes | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Commercial | Residential spec homes | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Commercial | Residential spec homes | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Commercial | Development & spec land
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	722		722		5,133
Fiscal year before current fiscal year	4,992		4,992		1,477
Two year before current fiscal year	804		804		990
Three year before current fiscal year	492		492		390
Four year before current fiscal year	359		359		247
Prior	2,448		2,448		3,250
Revolving Term Loans	23,465		23,465		22,382
Revolving Loans	302		302		170
Total loans	33,584		33,584		34,039
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		0
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			0		0
Revolving term loans, charge-offs			0		0
Revolving Loans			0		0
Total charge-offs			0		0
Commercial | Development & spec land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	722		722		5,133
Fiscal year before current fiscal year	4,244		4,244		1,477
Two year before current fiscal year	804		804		990
Three year before current fiscal year	492		492		390
Four year before current fiscal year	359		359		247
Prior	2,027		2,027		3,146
Revolving Term Loans	22,727		22,727		20,236
Revolving Loans	302		302		170
Total loans	31,677		31,677		31,789
Commercial | Development & spec land | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	322		322		0
Revolving Term Loans	145		145		1,529
Revolving Loans	0		0		0
Total loans	467		467		1,529
Commercial | Development & spec land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	748		748		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	99		99		104
Revolving Term Loans	593		593		617
Revolving Loans	0		0		0
Total loans	1,440		1,440		721
Commercial | Development & spec land | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Commercial | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	103,027		103,027		124,998
Fiscal year before current fiscal year	121,111		121,111		153,276
Two year before current fiscal year	139,875		139,875		94,197
Three year before current fiscal year	83,638		83,638		14,502
Four year before current fiscal year	11,249		11,249		21,384
Prior	74,403		74,403		62,750
Revolving Term Loans	69,946		69,946		72,777
Revolving Loans	183,539		183,539		168,979
Total loans	786,788		786,788		712,863
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		33
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		123
Four year before current fiscal year, charge-offs			0		25
Prior, charge-offs			0		72
Revolving term loans, charge-offs			108		344
Revolving Loans			0		0
Total charge-offs			108		597
Commercial | Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	101,833		101,833		121,969
Fiscal year before current fiscal year	118,032		118,032		151,847
Two year before current fiscal year	137,913		137,913		93,709
Three year before current fiscal year	83,188		83,188		12,154
Four year before current fiscal year	9,762		9,762		20,497
Prior	68,583		68,583		59,041
Revolving Term Loans	58,796		58,796		60,539
Revolving Loans	168,230		168,230		147,773
Total loans	746,337		746,337		667,529
Commercial | Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	1,046		1,046		1,434
Fiscal year before current fiscal year	1,409		1,409		726
Two year before current fiscal year	1,170		1,170		265
Three year before current fiscal year	28		28		2,137
Four year before current fiscal year	1,252		1,252		119
Prior	1,628		1,628		1,305
Revolving Term Loans	10,179		10,179		9,375
Revolving Loans	12,962		12,962		18,836
Total loans	29,674		29,674		34,197
Commercial | Commercial and industrial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	148		148		1,595
Fiscal year before current fiscal year	1,670		1,670		703
Two year before current fiscal year	792		792		223
Three year before current fiscal year	422		422		211
Four year before current fiscal year	235		235		768
Prior	4,192		4,192		2,404
Revolving Term Loans	971		971		2,863
Revolving Loans	2,347		2,347		2,370
Total loans	10,777		10,777		11,137
Commercial | Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	866,873		866,873		726,214
Total charge-offs	1	0	2	4
Real estate | Residential mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	32,178		32,178		41,038
Fiscal year before current fiscal year	149,858		149,858		156,394
Two year before current fiscal year	168,696		168,696		158,228
Three year before current fiscal year	149,196		149,196		85,418
Four year before current fiscal year	81,404		81,404		31,111
Prior	198,562		198,562		182,106
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	779,894		779,894		654,295
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		28
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			2		20
Revolving term loans, charge-offs			0		0
Revolving Loans			0		0
Total charge-offs			2		48
Real estate | Residential mortgage | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	32,178		32,178		40,920
Fiscal year before current fiscal year	149,276		149,276		154,803
Two year before current fiscal year	166,810		166,810		157,480
Three year before current fiscal year	148,059		148,059		85,159
Four year before current fiscal year	81,155		81,155		30,464
Prior	193,794		193,794		177,411
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	771,272		771,272		646,237
Real estate | Residential mortgage | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		118
Fiscal year before current fiscal year	582		582		1,591
Two year before current fiscal year	1,886		1,886		748
Three year before current fiscal year	1,137		1,137		259
Four year before current fiscal year	249		249		647
Prior	4,768		4,768		4,695
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	8,622		8,622		8,058
Real estate | Residential construction
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	18,062		18,062		26,841
Revolving Loans	0		0		0
Total loans	18,062		18,062		26,841
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		0
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			0		0
Revolving term loans, charge-offs			0		0
Revolving Loans			0		0
Total charge-offs			0		0
Real estate | Residential construction | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	18,062		18,062		26,841
Revolving Loans	0		0		0
Total loans	18,062		18,062		26,841
Real estate | Residential construction | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Real estate | Mortgage warehouse
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	68,917		68,917		45,078
Total loans	68,917		68,917		45,078
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		0
Two year before current fiscal year, charge-offs			0		0
Three year before current fiscal year, charge-offs			0		0
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			0		0
Revolving term loans, charge-offs			0		0
Revolving Loans			0		0
Total charge-offs			0		0
Real estate | Mortgage warehouse | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	68,917		68,917		45,078
Total loans	68,917		68,917		45,078
Real estate | Mortgage warehouse | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	0		0		0
Two year before current fiscal year	0		0		0
Three year before current fiscal year	0		0		0
Four year before current fiscal year	0		0		0
Prior	0		0		0
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	0		0		0
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	1,051,407		1,051,407		1,016,456
Total charge-offs	741	$ 472	1,564	$ 1,014
Consumer | Installment
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	7,313		7,313		14,835
Fiscal year before current fiscal year	67,712		67,712		13,491
Two year before current fiscal year	11,372		11,372		7,869
Three year before current fiscal year	6,551		6,551		4,246
Four year before current fiscal year	3,410		3,410		4,476
Prior	7,580		7,580		5,081
Revolving Term Loans	36		36		6
Revolving Loans	2,054		2,054		2,362
Total loans	106,028		106,028		52,366
Current fiscal year, charge-offs			61		33
Fiscal year before current fiscal year, charge-offs			32		28
Two year before current fiscal year, charge-offs			124		31
Three year before current fiscal year, charge-offs			1		10
Four year before current fiscal year, charge-offs			17		32
Prior, charge-offs			21		27
Revolving term loans, charge-offs			0		6
Revolving Loans			0		0
Total charge-offs			256		167
Consumer | Installment | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	7,313		7,313		14,835
Fiscal year before current fiscal year	67,399		67,399		13,447
Two year before current fiscal year	11,372		11,372		7,859
Three year before current fiscal year	6,496		6,496		4,246
Four year before current fiscal year	3,410		3,410		4,449
Prior	7,555		7,555		5,074
Revolving Term Loans	34		34		6
Revolving Loans	2,054		2,054		2,362
Total loans	105,633		105,633		52,278
Consumer | Installment | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	313		313		44
Two year before current fiscal year	0		0		10
Three year before current fiscal year	55		55		0
Four year before current fiscal year	0		0		27
Prior	25		25		7
Revolving Term Loans	2		2		0
Revolving Loans	0		0		0
Total loans	395		395		88
Consumer | Indirect auto
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	31,985		31,985		65,309
Fiscal year before current fiscal year	84,056		84,056		192,295
Two year before current fiscal year	160,644		160,644		81,085
Three year before current fiscal year	64,931		64,931		36,224
Four year before current fiscal year	26,218		26,218		16,814
Prior	14,245		14,245		8,219
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	382,079		382,079		399,946
Current fiscal year, charge-offs			0		86
Fiscal year before current fiscal year, charge-offs			145		1,388
Two year before current fiscal year, charge-offs			606		708
Three year before current fiscal year, charge-offs			224		137
Four year before current fiscal year, charge-offs			77		58
Prior, charge-offs			67		74
Revolving term loans, charge-offs			0		0
Revolving Loans			0		0
Total charge-offs			1,119		2,451
Consumer | Indirect auto | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	31,985		31,985		65,260
Fiscal year before current fiscal year	83,884		83,884		191,871
Two year before current fiscal year	160,052		160,052		80,773
Three year before current fiscal year	64,587		64,587		35,995
Four year before current fiscal year	26,035		26,035		16,690
Prior	14,106		14,106		8,159
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	380,649		380,649		398,748
Consumer | Indirect auto | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		49
Fiscal year before current fiscal year	172		172		424
Two year before current fiscal year	592		592		312
Three year before current fiscal year	344		344		229
Four year before current fiscal year	183		183		124
Prior	139		139		60
Revolving Term Loans	0		0		0
Revolving Loans	0		0		0
Total loans	1,430		1,430		1,198
Consumer | Home equity
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	6,882		6,882		26,376
Fiscal year before current fiscal year	24,757		24,757		21,591
Two year before current fiscal year	19,005		19,005		5,121
Three year before current fiscal year	2,784		2,784		2,501
Four year before current fiscal year	2,196		2,196		4,062
Prior	11,597		11,597		10,247
Revolving Term Loans	21,724		21,724		15,573
Revolving Loans	474,355		474,355		478,673
Total loans	563,300		563,300		564,144
Current fiscal year, charge-offs			0		0
Fiscal year before current fiscal year, charge-offs			0		10
Two year before current fiscal year, charge-offs			52		0
Three year before current fiscal year, charge-offs			88		103
Four year before current fiscal year, charge-offs			0		0
Prior, charge-offs			38		91
Revolving term loans, charge-offs			0		13
Revolving Loans			11		0
Total charge-offs			189		217
Consumer | Home equity | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	6,882		6,882		26,376
Fiscal year before current fiscal year	24,730		24,730		21,379
Two year before current fiscal year	18,674		18,674		5,121
Three year before current fiscal year	2,784		2,784		2,447
Four year before current fiscal year	2,146		2,146		3,885
Prior	11,205		11,205		9,987
Revolving Term Loans	17,990		17,990		12,713
Revolving Loans	474,355		474,355		478,673
Total loans	558,766		558,766		560,581
Consumer | Home equity | Non–performing
Financing Receivable, Credit Quality Indicator [Line Items]
Current fiscal year	0		0		0
Fiscal year before current fiscal year	27		27		212
Two year before current fiscal year	331		331		0
Three year before current fiscal year	0		0		54
Four year before current fiscal year	50		50		177
Prior	392		392		260
Revolving Term Loans	3,734		3,734		2,860
Revolving Loans	0		0		0
Total loans	$ 4,534		$ 4,534		$ 3,563

Allowance for Credit and Loan_3

Allowance for Credit and Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	$ 50,387	$ 49,526	$ 50,029	$ 50,464	$ 50,464
Credit loss expense (reversal)	2,415	741	3,084	336
PCD loan charge–offs	(3)	(17)	112	(171)
Charge–offs	(850)	(668)	(1,675)	(1,351)
Recoveries	266	394	665	698
Balance, end of period	52,215	49,976	52,215	49,976	50,029
Mortgage Warehouse
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	659	798	481	1,020	1,020
Credit loss expense (reversal)	77	95	255	(127)
PCD loan charge–offs	0	0	0	0
Charge–offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	736	893	736	893	481
Commercial
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	30,514	31,156	29,736	32,445	32,445
Credit loss expense (reversal)	1,484	(684)	2,090	(1,715)
PCD loan charge–offs	(3)	(17)	112	(171)
Charge–offs	(108)	(196)	(109)	(333)
Recoveries	54	95	112	128
Balance, end of period	31,941	30,354	31,941	30,354	29,736
Real Estate
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	2,655	4,447	2,503	5,577	5,577
Credit loss expense (reversal)	(71)	(809)	76	(1,945)
PCD loan charge–offs	0	0	0	0
Charge–offs	(1)	0	(2)	(4)
Recoveries	5	10	11	20
Balance, end of period	2,588	3,648	2,588	3,648	2,503
Consumer
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	16,559	13,125	17,309	11,422	11,422
Credit loss expense (reversal)	925	2,139	663	4,123
PCD loan charge–offs	0	0	0	0
Charge–offs	(741)	(472)	(1,564)	(1,014)
Recoveries	207	289	542	550
Balance, end of period	$ 16,950	$ 15,081	$ 16,950	$ 15,081	$ 17,309

Allowance for Credit and Loan_4

Allowance for Credit and Loan Losses - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Accrued interest	$ 28.1	$ 23.7

Allowance for Credit and Loan_5

Allowance for Credit and Loan Losses - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	$ 750	$ 1,049	$ 615	$ 403
Credit loss expense (reversal)	(45)	(60)	90	586
Balance, end of period	705	989	705	989
Mortgage Warehouse
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	0	0	0	0
Credit loss expense (reversal)	0	0	0	0
Balance, end of period	0	0	0	0
Commercial
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	0	0	0	0
Credit loss expense (reversal)	0	0	0	0
Balance, end of period	0	0	0	0
Real Estate
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	46	83	64	161
Credit loss expense (reversal)	(5)	(22)	(23)	(100)
Balance, end of period	41	61	41	61
Consumer
Off-Balance-Sheet, Credit Loss, Liability [Roll Forward]
Balance, beginning of period	704	966	551	242
Credit loss expense (reversal)	(40)	(38)	113	686
Balance, end of period	$ 664	$ 928	$ 664	$ 928

Loan Servicing - Narrative (Det

Loan Servicing - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Payments for (Proceeds from) Mortgage Servicing Rights [Abstract]
Unpaid principal balances of loans serviced for others totaled	$ 1,451	$ 1,479

Loan Servicing - Schedule of Or

Loan Servicing - Schedule of Originated Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance, beginning of period	$ 18,538	$ 18,600	$ 18,807	$ 18,619
Servicing rights capitalized	359	207	567	435
Amortization of servicing rights	(465)	(300)	(942)	(547)
Balance, end of period	18,432	18,507	18,432	18,507
Balance, beginning of period	0	0	0	0
Additions	0	0	0	0
Reductions	0	0	0	0
Balance, end of period	0	0	0	0
Mortgage servicing rights, net	18,432	18,507	18,432	18,507
Fair value, beginning of period	19,149	18,600	19,891	18,619
Fair value, end of period	$ 19,091	$ 18,507	$ 19,091	$ 18,507

Goodwill (Details)

Goodwill (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 155,211,000		$ 155,211,000		$ 155,211,000
Goodwill impairment loss	$ 0	$ 0	$ 0	$ 0

Repurchase Agreements - Schedul

Repurchase Agreements - Schedule of Repurchase Agreements Accounted as Secured Borrowings the Related Securities, at Fair Value, Pledged (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	$ 128,169	$ 136,030
Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	128,169	136,030
Up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
30-90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Greater Than 90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Federal agency collateralized mortgage obligations
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	2,107	2,245
Federal agency collateralized mortgage obligations | Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	2,107	2,245
Federal agency collateralized mortgage obligations | Up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Federal agency collateralized mortgage obligations | 30-90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Federal agency collateralized mortgage obligations | Greater Than 90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Federal agency mortgage-backed pools
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	118,723	126,349
Federal agency mortgage-backed pools | Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	118,723	126,349
Federal agency mortgage-backed pools | Up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Federal agency mortgage-backed pools | 30-90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Federal agency mortgage-backed pools | Greater Than 90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Private labeled mortgage-backed pools
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	7,339	7,436
Private labeled mortgage-backed pools | Overnight and Continuous
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	7,339	7,436
Private labeled mortgage-backed pools | Up to 30 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Private labeled mortgage-backed pools | 30-90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	0	0
Private labeled mortgage-backed pools | Greater Than 90 Days
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	$ 0	$ 0

Repurchase Agreements - Narrati

Repurchase Agreements - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Disclosure of Repurchase Agreements [Abstract]
Securities loaned, gross including not subject to master netting arrangement	$ 144	$ 145.2

Subordinated Notes (Details)

Subordinated Notes (Details) - USD ($)		6 Months Ended
	Dec. 08, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 24, 2020
Debt Instrument [Line Items]
Aggregate principal amount				$ 60,000,000
Interest rate (in percent)				5.625%
Basis spread on variable rate		5.49%
Redemption price, percentage (in percent)		100%
Subordinated notes		$ 55,668,000	$ 55,543,000
Secured Debt
Debt Instrument [Line Items]
Debt extinguishment	$ 3,500,000
Gain on extinguishment of debt	$ 368,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Thousands		6 Months Ended
	May 23, 2023	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional Amount		$ 582,010	$ 567,359
Recorded period of effectiveness of fair value hedges on net income (in months)		12 months
Recorded period of effectiveness of fair value of derivatives on net income (in months)		12 months
Collateral Pledged
Derivative [Line Items]
Marketable Securities		$ 19,000
Interest rate swap agreements asset
Derivative [Line Items]
Weighted average fixed rate (in percent)		2.81%
Interest rate swap agreements asset | Cash Flow Hedging
Derivative [Line Items]
Notional Amount		$ 50,000
Amount of gain recognized on derivative	$ 1,500

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Value of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Notional Amount	$ 582,010	$ 567,359
Fair Value	34,358	26,714
Notional Amount	531,961	514,881
Fair Value	30,993	24,024
Less: Gross amounts offset, notional amount	0	0
Total derivatives subject to enforceable master netting arrangements, net, notional amount	582,010	567,359
Less: Gross amounts offset, fair value	0	0
Total derivatives subject to enforceable master netting arrangements, net, fair value	34,358	26,714
Less: Gross amounts offset, notional amount	0	0
Total derivatives subject to enforceable master netting arrangements, net, notional amount	531,961	514,881
Less: Gross amounts offset, fair value	0	0
Total derivatives subject to enforceable master netting arrangements, net, fair value	30,993	24,024
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount	52,097	53,468
Fair Value	3,364	2,950
Notional Amount	0	0
Fair Value	0	0
Derivatives designated as hedging instruments | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	52,097	53,468
Fair Value	3,364	2,950
Notional Amount	0	0
Fair Value	0	0
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount	529,913	513,891
Fair Value	30,994	23,764
Notional Amount	531,961	514,881
Fair Value	30,993	24,024
Derivatives not designated as hedging instruments | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	529,613	504,696
Fair Value	30,986	23,606
Notional Amount	529,613	514,881
Fair Value	30,986	24,024
Derivatives not designated as hedging instruments | Mortgage loan contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0	4,844
Fair Value	0	33
Notional Amount	2,348	0
Fair Value	7	0
Derivatives not designated as hedging instruments | Commitments to originate mortgage loans
Derivatives, Fair Value [Line Items]
Notional Amount	300	4,351
Fair Value	8	125
Notional Amount	0	0
Fair Value	$ 0	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Effect of Derivative Instruments on Condensed Consolidated Statements of Income Derivative in Cash Flow Hedging Relationship (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative	$ 0	$ 1,453	$ 0	$ 1,453
Cash Flow Hedging | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative	$ 0	$ (1,119)	$ 0	$ (1,561)

Derivative Financial Instrume_6

Derivative Financial Instruments - Schedule of Effect of the Derivative Designated as a Hedging Instrument on the Consolidated Statements of Income Derivative in Fair Value Hedging Relationship (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	$ 0	$ 0	$ 0	$ 0
Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(34)	(207)	(115)	(185)
Interest rate contracts | Cash Flow Hedging | Derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	0	1,624	0	1,832
Interest rate contracts | Fair Value Hedging | Derivatives designated as hedging instruments | Interest income - loans receivable
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	330	314	665	434
Interest rate contracts | Fair Value Hedging | Derivatives designated as hedging instruments | Interest income - investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	21	61	92	110
Hedged item | Derivatives designated as hedging instruments | Interest income - loans receivable
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(330)	(314)	(665)	(434)
Hedged item | Derivatives designated as hedging instruments | Interest income - investment securities
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	(21)	(61)	(92)	(110)
Mortgage loan contracts | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	15	(119)	(39)	(32)
Commitments to originate mortgage loans | Derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivative	$ (49)	$ (88)	$ (76)	$ (153)

Disclosures about Fair Value _3

Disclosures about Fair Value of Assets and Liabilities - Schedule of Fair Value Measurements of Assets and Liabilities Recognized on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 527,054	$ 547,251
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	527,054	547,251
Recurring Basis | Interest rate swap agreements asset and liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	34,350	26,556
Derivative liability	(30,986)	(24,024)
Recurring Basis | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8	125
Recurring Basis | Mortgage loan contracts liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(7)	33
Recurring Basis | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	62,665	64,377
Recurring Basis | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	294,836	304,030
Recurring Basis | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,334	3,580
Recurring Basis | Federal agency mortgage-backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	130,318	137,297
Recurring Basis | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	35,901	37,967
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate swap agreements asset and liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage loan contracts liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Federal agency mortgage-backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	527,054	547,251
Recurring Basis | Significant Other Observable Inputs (Level 2) | Interest rate swap agreements asset and liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	34,350	26,556
Derivative liability	(30,986)	(24,024)
Recurring Basis | Significant Other Observable Inputs (Level 2) | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8	125
Recurring Basis | Significant Other Observable Inputs (Level 2) | Mortgage loan contracts liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	(7)	33
Recurring Basis | Significant Other Observable Inputs (Level 2) | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	62,665	64,377
Recurring Basis | Significant Other Observable Inputs (Level 2) | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	294,836	304,030
Recurring Basis | Significant Other Observable Inputs (Level 2) | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,334	3,580
Recurring Basis | Significant Other Observable Inputs (Level 2) | Federal agency mortgage-backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	130,318	137,297
Recurring Basis | Significant Other Observable Inputs (Level 2) | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	35,901	37,967
Recurring Basis | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Interest rate swap agreements asset and liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liability	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Commitments to originate mortgage loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Mortgage loan contracts liability
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | U.S. Treasury and federal agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | State and municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Federal agency collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Federal agency mortgage-backed pools
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Recurring Basis | Significant Unobservable Inputs (Level 3) | Corporate notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

Disclosures about Fair Value _4

Disclosures about Fair Value of Assets and Liabilities - Schedule of Other Assets Measured at Fair Value on Nonrecurring Basis (Details) - Collateral dependent loans - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Significant Unobservable Inputs (Level 3)
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	$ 599	$ 2,918
Fair Value, Nonrecurring
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	599	2,918
Fair Value, Nonrecurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	0	0
Fair Value, Nonrecurring | Significant Other Observable Inputs (Level 2)
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	0	0
Fair Value, Nonrecurring | Significant Unobservable Inputs (Level 3)
Fair Value Of Assets And Liabilities Measured On Non Recurring Basis [Line Items]
Impaired loans	$ 599	$ 2,918

Disclosures about Fair Value _5

Disclosures about Fair Value of Assets and Liabilities - Schedule of Qualitative Information about Unobservable Inputs Used in Recurring and Nonrecurring Level 3 Fair Value Measurements, Other than Goodwill (Details) - Significant Unobservable Inputs (Level 3) - Collateral dependent loans - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value	$ 599	$ 2,918
Valuation Technique	Collateral based measurement	Collateral based measurement
Unobservable Inputs	Discount to reflect current market conditions and ultimate collectibility	Discount to reflect current market conditions and ultimate collectibility
Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	15.40%	16.90%
Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	20%	34.20%
Weighted Average
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Range (Weighted Average)	15.40%	21.50%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 106,691	$ 112,772
Interest earning deposits	4,957	12,071
Federal funds sold	34,453	401,672
Total cash and cash equivalents	146,101	526,515
Interest earning time deposits	1,715	2,205
Investment securities, held to maturity	1,904,439	1,945,795
Loans held for sale	2,440	1,418
Loans, net	4,770,625	4,367,601
Stock in FHLB	53,826	34,509
Liabilities
Non–interest bearing deposits	1,087,040	1,116,005
Interest bearing deposits	4,543,114	4,548,888
Borrowings	1,357,335	1,353,050
Interest payable	11,240	22,249
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Cash and due from banks	106,691	112,772
Interest earning deposits	4,957	12,071
Federal funds sold	34,453	401,672
Total cash and cash equivalents	146,101	526,515
Interest earning time deposits	0	0
Investment securities, held to maturity	0	0
Loans held for sale	0	0
Loans, net	0	0
Stock in FHLB	0	0
Liabilities
Non–interest bearing deposits	1,087,040	1,116,005
Interest bearing deposits	3,364,726	3,369,149
Borrowings	0	0
Subordinated notes	0	0
Junior subordinated debentures issued to capital trusts	0	0
Interest payable	0	0
Significant Other Observable Inputs (Level 2)
Assets
Cash and due from banks	0	0
Interest earning deposits	0	0
Federal funds sold	0	0
Total cash and cash equivalents	0	0
Interest earning time deposits	1,715	2,190
Investment securities, held to maturity	1,596,829	1,668,601
Loans held for sale	0	0
Loans, net	0	0
Stock in FHLB	53,826	34,509
Liabilities
Non–interest bearing deposits	0	0
Interest bearing deposits	1,170,682	1,171,452
Borrowings	1,347,888	1,347,129
Subordinated notes	53,408	53,283
Junior subordinated debentures issued to capital trusts	50,050	50,063
Interest payable	11,240	22,249
Significant Unobservable Inputs (Level 3)
Assets
Cash and due from banks	0	0
Interest earning deposits	0	0
Federal funds sold	0	0
Total cash and cash equivalents		0
Interest earning time deposits	0	0
Investment securities, held to maturity	0	0
Loans held for sale	2,440	1,418
Loans, net	4,529,404	4,072,568
Stock in FHLB	0	0
Liabilities
Non–interest bearing deposits	0	0
Interest bearing deposits	0	0
Borrowings	0	0
Subordinated notes	0	0
Junior subordinated debentures issued to capital trusts	0	0
Interest payable	0	0
Carrying Amount
Assets
Cash and due from banks	106,691	112,772
Interest earning deposits	4,957	12,071
Federal funds sold	34,453	401,672
Total cash and cash equivalents	146,101	526,515
Interest earning time deposits	1,715	2,205
Investment securities, held to maturity	1,904,281	1,945,638
Loans held for sale	2,440	1,418
Loans, net	4,770,625	4,367,601
Stock in FHLB	53,826	34,509
Liabilities
Non–interest bearing deposits	1,087,040	1,116,005
Interest bearing deposits	4,543,114	4,548,888
Borrowings	1,357,335	1,353,050
Subordinated notes	55,668	55,543
Junior subordinated debentures issued to capital trusts	57,369	57,258
Interest payable	$ 11,240	$ 22,249

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - $ / shares		3 Months Ended		6 Months Ended
	Jun. 18, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Equity [Abstract]
Dividends declared (in USD per share)	$ 0.16	$ 0.16	$ 0.16	$ 0.32	$ 0.32

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	$ (73,985)	$ (66,609)
Unrealized gain (loss) on securities available for sale, net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before tax	(76,136)	(69,018)
Unamortized gain (loss) on securities held to maturity, previously transferred from AFS, net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), before tax	$ 2,151	$ 2,409

Regulatory Capital (Details)

Regulatory Capital (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), actual, amount	$ 802,395	$ 789,786	$ 782,598
Total capital (to risk-weighted assets), actual, ratio	0.1341	0.1375	0.1404
Total capital (to risk-weighted assets), for capital adequacy purposes, amount	$ 478,786	$ 459,485	$ 446,000
Total capital (to risk-weighted assets), For capital adequacy purposes, ratio	0.0800	0.0800	0.0800
Total capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, amount	$ 628,407	$ 603,074	$ 585,374
Total capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, ratio	10.50%	10.50%	10.50%
Tier 1 capital (to average assets), actual, amount	$ 693,807	$ 683,015	$ 676,411
Tier 1 capital (to average assets), actual, ratio	0.1159	0.1189	0.1213
Tier 1 capital (to average assets), for capital adequacy purposes, amount	$ 359,090	$ 344,614	$ 334,500
Tier 1 capital (to average assets), for capital adequacy purpose, ratio	0.0600	0.0600	0.0600
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, amount	$ 508,711	$ 488,203	$ 473,874
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, ratio	8.50%	8.50%	8.50%
Common equity tier 1 capital, actual amount	$ 636,438	$ 625,700	$ 619,153
Common equity tier 1 capital, actual ratio	0.1063	0.1089	0.1111
Common equity tier 1 capital, for capital adequacy purposes, amount	$ 269,317	$ 258,460	$ 250,875
Common equity tier 1 capital, for capital adequacy purpose, ratio	4.50%	4.50%	4.50%
Common equity tier 1 capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, amount	$ 418,938	$ 402,049	$ 390,250
Common equity tier 1 capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, ratio	7%	7%	7%
Tier 1 capital (to average assets), actual, amount	$ 693,807	$ 683,015	$ 676,411
Tier 1 capital (to average assets), actual, ratio	0.0902	0.0891	0.0861
Tier 1 capital (to average assets), for capital adequacy purposes, amount	$ 307,743	$ 306,716	$ 314,306
Tier 1 capital (to average assets), for capital adequacy purpose, ratio	0.0400	0.0400	0.0400
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, amount	$ 307,743	$ 306,716	$ 314,306
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, ratio	4%	4%	4%
Consolidated (As Reported)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), actual, amount		$ 793,567	$ 786,436
Total capital (to risk-weighted assets), actual, ratio		0.1382	0.1411
Total capital (to risk-weighted assets), for capital adequacy purposes, amount		$ 459,485	$ 446,000
Total capital (to risk-weighted assets), For capital adequacy purposes, ratio		0.0800	0.0800
Total capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, amount		$ 603,074	$ 585,374
Total capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, ratio		10.50%	10.50%
Tier 1 capital (to average assets), actual, amount		$ 742,430	$ 735,792
Tier 1 capital (to average assets), actual, ratio		0.1293	0.1320
Tier 1 capital (to average assets), for capital adequacy purposes, amount		$ 344,614	$ 334,500
Tier 1 capital (to average assets), for capital adequacy purpose, ratio		0.0600	0.0600
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, amount		$ 488,203	$ 473,874
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, ratio		8.50%	8.50%
Tier 1 capital (to average assets), actual, amount		$ 742,430	$ 735,792
Tier 1 capital (to average assets), actual, ratio		0.0968	0.0936
Tier 1 capital (to average assets), for capital adequacy purposes, amount		$ 306,716	$ 314,306
Tier 1 capital (to average assets), for capital adequacy purpose, ratio		0.0400	0.0400
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, amount		$ 306,716	$ 314,306
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, ratio		4%	4%
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital (to risk-weighted assets), actual, amount	$ 732,301	$ 721,018	$ 714,402
Total capital (to risk-weighted assets), actual, ratio	0.1226	0.1259	0.1287
Total capital (to risk-weighted assets), for capital adequacy purposes, amount	$ 477,761	$ 458,163	$ 444,147
Total capital (to risk-weighted assets), For capital adequacy purposes, ratio	0.0800	0.0800	0.0800
Total capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, amount	$ 627,061	$ 601,338	$ 582,943
Total capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, ratio	10.50%	10.50%	10.50%
Total capital (to risk-weighted assets), for well capitalized purpose, amount	$ 597,201	$ 572,703	$ 555,184
Total capital (to risk-weighted assets), for well capitalized purpose, ratio	0.1000	0.1000	0.1000
Tier 1 capital (to average assets), actual, amount	$ 679,381	$ 669,881	$ 663,758
Tier 1 capital (to average assets), actual, ratio	0.1138	0.1170	0.1196
Tier 1 capital (to average assets), for capital adequacy purposes, amount	$ 358,321	$ 343,622	$ 333,111
Tier 1 capital (to average assets), for capital adequacy purpose, ratio	0.0600	0.0600	0.0600
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, amount	$ 507,621	$ 486,798	$ 471,907
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, ratio	8.50%	8.50%	8.50%
Tier 1 capital (to average assets), for well capitalized purpose, amount	$ 477,761	$ 458,163	$ 444,147
Tier 1 capital (to average assets), for well capitalized purposes, ratio	0.0800	0.0800	0.0800
Common equity tier 1 capital, actual amount	$ 679,381	$ 669,881	$ 663,758
Common equity tier 1 capital, actual ratio	0.1138	0.1170	0.1196
Common equity tier 1 capital, for capital adequacy purposes, amount	$ 268,741	$ 257,716	$ 249,833
Common equity tier 1 capital, for capital adequacy purpose, ratio	4.50%	4.50%	4.50%
Common equity tier 1 capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, amount	$ 418,041	$ 400,892	$ 388,629
Common equity tier 1 capital (to risk-weighted assets), required for capital adequacy purposes with capital buffer, ratio	7%	7%	7%
Common equity tier 1 capital, for well capitalized purpose, amount	$ 388,181	$ 372,257	$ 360,870
Common equity tier 1 capital, for well capitalized purposes, ratio	6.50%	6.50%	6.50%
Tier 1 capital (to average assets), actual, amount	$ 679,381	$ 669,881	$ 663,758
Tier 1 capital (to average assets), actual, ratio	0.0884	0.0863	0.0841
Tier 1 capital (to average assets), for capital adequacy purposes, amount	$ 307,335	$ 310,592	$ 315,550
Tier 1 capital (to average assets), for capital adequacy purpose, ratio	0.0400	0.0400	0.0400
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, amount	$ 307,335	$ 310,592	$ 315,550
Tier 1 capital (to average assets), required for capital1 adequacy purposes with capital buffer, ratio	4%	4%	4%
Tier 1 capital (to average assets), for well capitalized purpose, amount	$ 384,168	$ 388,240	$ 394,438
Tier 1 capital (to average assets), for well capitalized purposes, ratio	0.0500	0.0500	0.0500

Off-Balance Sheet Arrangement_3

Off-Balance Sheet Arrangements, Commitments, and Contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments to extend credit	$ 1,103,746	$ 1,118,417
Standby letters of credit	18,969	16,493
Total	$ 1,122,715	$ 1,134,910