First Bancorp (FBNC) 10-K 28 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Feb. 27, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Entity File Number	0-15572
Entity Registrant Name	FIRST BANCORP
Entity Incorporation, State or Country Code	NC
Entity Tax Identification Number	56-1421916
Entity Address, Address Line One	300 SW Broad St.,
Entity Address, City or Town	Southern Pines,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28387
City Area Code	(910)
Local Phone Number	246-2500
Title of 12(b) Security	Common Stock, No Par Value
Trading Symbol	FBNC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,177,802
Entity Common Stock, Shares Outstanding		41,134,360
Documents Incorporated by Reference	Portions of the Registrant’s Proxy Statement to be filed pursuant to Regulation 14A are incorporated herein by reference into Part III.
Document Annual Report	true
Document Transition Report	false
Entity Central Index Key	0000811589
Amendment Flag	false
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Financial Statement Error Correction [Flag]	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	BDO USA, P.C.
Auditor Location	Philadelphia, Pennsylvania
Auditor Firm ID	243

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks, noninterest-bearing	$ 100,891	$ 101,133
Due from banks, interest-bearing	136,964	169,185
Total cash and cash equivalents	237,855	270,318
Securities available for sale	2,189,379	2,314,493
Securities held to maturity (fair values of $449,623 in 2023 and $432,528 in 2022)	533,678	541,700
Presold mortgages and SBA loans in process of settlement	2,667	1,282
Loans	8,150,102	6,665,145
Allowance for credit losses on loans	(109,853)	(90,967)
Net loans	8,040,249	6,574,178
Premises and equipment, net	150,957	134,187
Operating right-of-use lease assets	17,063	18,733
Accrued interest receivable	37,351	29,710
Goodwill	478,750	364,263
Other intangible assets, net	32,858	12,675
Bank-owned life insurance	183,897	164,592
Other assets	210,238	198,918
Total assets	12,114,942	10,625,049
Liabilities
Deposits: Noninterest-bearing deposits	3,379,876	3,566,003
Interest-bearing deposits	6,651,723	5,661,526
Total deposits	10,031,599	9,227,529
Borrowings	630,158	287,507
Accrued interest payable	5,699	2,738
Operating lease liabilities	17,833	19,391
Other liabilities	57,273	56,288
Total liabilities	10,742,562	9,593,453
Commitments and contingencies (see Note 12)
Shareholders’ Equity
Preferred stock	0	0
Common stock	963,990	725,153
Retained earnings	716,420	648,418
Stock in rabbi trust assumed in acquisition	(1,385)	(1,585)
Rabbi trust obligation	1,385	1,585
Accumulated other comprehensive loss	(308,030)	(341,975)
Total shareholders’ equity	1,372,380	1,031,596
Total liabilities and shareholders’ equity	$ 12,114,942	$ 10,625,049

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Securities held to maturity fair values	$ 449,623	$ 432,528
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	41,109,987	35,704,154
Common stock, shares outstanding (in shares)	41,109,987	35,704,154

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Income
Interest and fees on loans	$ 418,668	$ 278,027	$ 219,013
Interest on investment securities:
Taxable interest income	52,276	53,536	32,076
Tax-exempt interest income	4,485	4,387	2,402
Other, principally overnight investments	13,330	5,007	2,427
Total interest income	488,759	340,957	255,918
Interest Expense
Interest on deposits	114,866	11,349	7,881
Interest on borrowings	27,235	4,754	1,642
Total interest expense	142,101	16,103	9,523
Net interest income	346,658	324,854	246,395
Provision for loan losses	19,750	12,600	9,611
(Reversal of) provision for unfunded commitments	(1,937)	(200)	5,420
Total provision for credit losses	17,813	12,400	15,031
Net interest income after provision for credit losses	328,845	312,454	231,364
Noninterest Income
Service charges on deposit accounts	16,800	15,523	12,317
Other service charges, commissions and fees	22,270	26,294	25,516
Presold mortgage loan gains	1,613	2,102	10,975
Commissions from sales of insurance and financial products	5,503	5,195	6,947
SBA consulting fees	1,803	2,608	7,231
SBA loan sale gains	2,489	5,076	7,329
Bank-owned life insurance income	4,350	3,847	2,885
Securities losses, net	0	0	(1,237)
Other gains, net	2,662	7,340	1,648
Total noninterest income	57,490	67,985	73,611
Noninterest Expense
Salaries	114,377	96,321	86,815
Employee benefits	25,474	21,397	16,434
Total personnel expense	139,851	117,718	103,249
Occupancy expense	14,963	12,796	11,528
Equipment related expenses	6,027	5,808	4,492
Merger and acquisition expenses	13,695	5,072	16,845
Intangibles amortization	8,003	3,684	3,531
Other operating expenses	71,840	50,142	45,011
Total noninterest expense	254,379	195,220	184,656
Income before income taxes	131,956	185,219	120,319
Income tax expense	27,825	38,283	24,675
Net income	$ 104,131	$ 146,936	$ 95,644
Earnings per common share: Basic (in usd per shares)	$ 2.54	$ 4.12	$ 3.19
Earnings per common share: Diluted (in usd per share)	2.53	4.12	3.19
Dividends declared per common share (in usd per shares)	$ 0.88	$ 0.88	$ 0.80
Weighted average common shares outstanding:
Basic (in shares)	40,746,772	35,485,620	29,876,151
Diluted (in shares)	41,164,834	35,674,730	30,027,785

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 104,131	$ 146,936	$ 95,644
Unrealized gains (losses) on securities available for sale:
Unrealized holding gains (losses) arising during the period, pretax	43,343	(411,996)	(53,752)
Tax (expense) benefit	(9,279)	94,677	12,352
Reclassification to realized losses	0	0	1,237
Tax benefit	0	0	(284)
Postretirement plans:
Net (gains) losses arising during period	(607)	695	872
Tax expense (benefit)	141	(159)	(201)
Amortization of unrecognized net actuarial (gains) losses	(545)	(288)	592
Tax expense (benefit)	126	66	(136)
Recognition of net actuarial loss due to plan settlement	998	0	0
Tax benefit	(232)	0	0
Other comprehensive income (loss)	33,945	(317,005)	(39,320)
Comprehensive income (loss)	$ 138,076	$ (170,069)	$ 56,324

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Stock in rabbi trust assumed in acquisition	Rabbi trust obligation	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2020			28,579,000
Beginning balance at Dec. 31, 2020	$ 893,421	$ (17,051)	$ 400,582	$ 478,489	$ (17,051)	$ (2,243)	$ 2,243	$ 14,350
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	95,644			95,644
Cash dividends declared	(24,208)			(24,208)
Change in Rabbi Trust Obligation	0					440	(440)
Equity issued related to acquisition (in shares)			7,070,000
Equity issued pursuant to acquisition			$ 324,389
Stock repurchases (in shares)			(107,000)
Stock repurchases			$ (4,036)
Stock withheld for payment of taxes (in shares)			(18,000)
Stock withheld for payment of taxes	(786)		$ (786)
Stock-based compensation (in shares)			105,000
Stock-based compensation	2,522		$ 2,522
Other comprehensive income (loss)	(39,320)							(39,320)
Ending balance (in shares) at Dec. 31, 2021			35,629,000
Ending balance at Dec. 31, 2021	1,230,575		$ 722,671	532,874		(1,803)	1,803	(24,970)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	146,936			146,936
Cash dividends declared	(31,392)			(31,392)
Change in Rabbi Trust Obligation	0					218	(218)
Stock withheld for payment of taxes (in shares)			(25,000)
Stock withheld for payment of taxes	(840)		$ (840)
Stock-based compensation (in shares)			100,000
Stock-based compensation	3,322		$ 3,322
Other comprehensive income (loss)	$ (317,005)							(317,005)
Ending balance (in shares) at Dec. 31, 2022	35,704,154		35,704,000
Ending balance at Dec. 31, 2022	$ 1,031,596		$ 725,153	648,418		(1,585)	1,585	(341,975)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	104,131			104,131
Cash dividends declared	(36,129)			(36,129)
Change in Rabbi Trust Obligation	0					200	(200)
Equity issued related to acquisition (in shares)			5,033,000
Equity issued pursuant to acquisition	$ 229,489		$ 229,489
Stock option exercises (in shares)	236,760		237,000
Stock option exercises	$ 4,519		$ 4,519
Stock withheld for payment of taxes (in shares)			(23,000)
Stock withheld for payment of taxes	(743)		$ (743)
Stock-based compensation (in shares)			159,000
Stock-based compensation	5,572		$ 5,572
Other comprehensive income (loss)	$ 33,945							33,945
Ending balance (in shares) at Dec. 31, 2023	41,109,987		41,110,000
Ending balance at Dec. 31, 2023	$ 1,372,380		$ 963,990	$ 716,420		$ (1,385)	$ 1,385	$ (308,030)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in usd per shares)	$ 0.88	$ 0.88	$ 0.80

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash Flows From Operating Activities
Net income	$ 104,131	$ 146,936	$ 95,644
Reconciliation of net income to net cash provided by operating activities:
Provision for credit losses and unfunded commitments, net	17,813	12,400	15,031
Net security premium amortization	9,337	12,005	14,058
Deferred tax benefit	(782)	(1,810)	(4,800)
Loan discount accretion	(13,277)	(5,622)	(8,814)
Deposit and debt discount (premium) accretion (amortization), net	3,943	(340)	(47)
Foreclosed property (gains) losses/write-downs, net	(150)	(372)	24
Losses on sales of securities available for sale, net	0	0	1,237
Other gains, net	(1,857)	(4,069)	(1,648)
Bank-owned life insurance income	(4,350)	(3,847)	(2,885)
Net amortization of deferred loan fees	(1,225)	(301)	(1,994)
Depreciation of premises and equipment	7,754	6,859	6,187
Amortization of operating lease right-of-use assets	2,100	1,986	1,937
Repayments of lease obligations	(1,988)	(1,801)	(1,814)
Stock-based compensation expense	5,125	2,982	2,268
Amortization of intangible assets	8,003	3,684	3,531
Amortization and impairment of SBA servicing assets	1,356	2,800	2,272
Fees/gains from sales of presold mortgages and SBA loans	(4,102)	(7,178)	(18,304)
Originations of presold mortgage loans in process of settlement	(84,696)	(104,596)	(326,019)
Proceeds from sales of presold mortgage loans in process of settlement	84,957	124,181	359,300
Origination of SBA loans for sale	(52,787)	(74,452)	(88,304)
Proceeds from sales of SBA loans	39,930	119,549	79,125
Increase in accrued interest receivable	(1,904)	(3,814)	(773)
Decrease in other assets	12,435	11,352	17,412
Increase (decrease) in accrued interest payable	2,579	2,131	(683)
(Decrease) increase in other liabilities	(949)	(8,009)	394
Net cash provided by operating activities	131,396	230,654	142,335
Cash Flows From Investing Activities
Purchases of securities available for sale	(1,169)	(354,765)	(1,572,355)
Purchases of securities held to maturity	0	(39,004)	(271,169)
Proceeds from maturities, calls and principal repayments of securities available for sale	165,358	251,314	358,259
Proceeds from maturities, calls and principal repayments of securities held to maturity	3,453	6,500	13,642
Proceeds from sales of securities available for sale	111,863	0	106,484
Purchases of Federal Reserve and FHLB stock	(58,688)	(48,159)	(93)
Proceeds from Sale of Federal Home Loan Bank Stock	43,797	30,915	2,136
Purchases of bank owned life insurance	0	0	(25,000)
Proceeds from bank owned life insurance death benefits	137	8,312	0
Purchases of other investments	(9,754)	(7,990)	(3,434)
Net increase in loans	(466,488)	(558,398)	(97,559)
Proceeds from sales of foreclosed properties	967	2,904	3,995
Purchases of premises and equipment	(4,421)	(5,287)	(9,402)
Proceeds from sales of premises and equipment	970	299	313
Net cash received in acquisition activities	22,610	0	208,992
Net cash received in disposition activities	0	0	11,314
Net cash used by investing activities	(191,365)	(713,359)	(1,273,877)
Cash Flows From Financing Activities
Net (decrease) increase in deposits	(244,339)	103,494	1,258,193
Advances from other borrowings	3,348,000	1,252,000	0
Repayment of other borrowings	(3,044,991)	(1,032,133)	(5,729)
Cash dividends paid – common stock	(34,940)	(30,660)	(22,228)
Repurchases of common stock	0	0	(4,036)
Proceeds from stock option exercises	4,519	0	0
Payment of taxes related to stock withheld	(743)	(840)	(786)
Net cash provided by financing activities	27,506	291,861	1,225,414
(Decrease) increase in Cash and Cash Equivalents	(32,463)	(190,844)	93,872
Cash and Cash Equivalents, Beginning of Year	270,318	461,162	367,290
Cash and Cash Equivalents, End of Year	237,855	270,318	461,162
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	135,704	14,312	10,206
Cash paid during the period for income taxes	29,734	39,722	32,506
Non-cash:  Unrealized gain (loss) on securities available for sale, net of taxes	34,064	(317,319)	(41,400)
Non-cash:  Foreclosed loans transferred to foreclosed real estate	1,036	119	2,285
Non-cash:  Accrued dividends at period end	9,046	7,857	7,125
Non-cash: Initial recognition of operating lease right-of-use assets and liabilities	260	0	2,191
Non-cash: Revision of operating lease right-of-use assets and operating lease liabilities	(562)	0	0
Non-cash: Derecognition of intangible assets related to sale of insurance operations	$ 0	$ 0	$ (10,229)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation - The consolidated financial statements include the accounts of First Bancorp (the “Company”) and its wholly owned subsidiary First Bank (the “Bank”). The Bank has three wholly owned subsidiaries that are fully consolidated, SBA Complete, Inc. (“SBA Complete”) Magnolia Financial, Inc. ("Magnolia Financial"), and First Troy SPE, LLC. The Company is a bank holding company. The principal activity of the Company is the ownership and operation of the Bank, a state chartered bank with its main office in Southern Pines, North Carolina. SBA Complete specializes in providing consulting services for financial institutions across the country related to Small Business Administration (“SBA”) loan origination and servicing. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. First Troy SPE, LLC was formed in order to hold and dispose of certain real estate foreclosed upon by the Bank. The Company is also the parent company for a series of statutory trusts that were formed for the purpose of issuing trust preferred debt securities. The trusts are not consolidated for financial reporting purposes as they are variable interest entities and the Company is not the primary beneficiary. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to the 2022 and 2021 consolidated financial statements to be comparable to 2023. These reclassifications had no effect on net income. Subsequent events have been evaluated through the date of filing this Annual Report Form 10-K. Use of Estimates – The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. The most significant estimates made by the Company in the preparation of its consolidated financial statements are the determination of the allowance for credit losses on loans, the allowance for unfunded commitments, the accounting and impairment testing related to intangible assets, the fair value determination for acquired assets and liabilities, and the resulting accretion or amortization of purchase accounting premiums or discounts. Business Combinations – The Company accounts for business combinations using the acquisition method of accounting. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Under this method, all identifiable assets acquired, including purchased loans, and liabilities assumed are recorded at fair value. The Company typically issues common stock and/or pays cash for an acquisition, depending on the terms of the acquisition agreement. The value of common shares issued is determined based on the market price of the stock as of the closing of the acquisition. Cash and Cash Equivalents - The Company considers all highly liquid assets with original maturities of 90 days or less, such as cash on hand, noninterest-bearing and interest-bearing amounts due from banks and federal funds sold, to be “cash equivalents.” Securities - Debt securities that the Company has the positive intent and ability to hold to maturity are classified as “held to maturity” ("HTM") and carried at amortized cost. Debt securities not classified as held to maturity are classified as “available for sale” ("AFS") and carried at fair value, with unrealized holding gains and losses being reported as other comprehensive income or loss and reported as a separate component of shareholders’ equity. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts are generally amortized and accreted into income on a level yield basis, with premiums being amortized to the earliest call date and discounts being accreted to the stated maturity date. Gains and losses on sales of securities are recognized at the time of sale based upon the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on nonaccrual is reversed against interest income. Allowance for Credit Losses ("ACL") - Securities Held to Maturity - The Company measures expected credit losses on HTM debt securities on a pooled basis in accordance with Accounting Standards Codification ("ASC") 326 ("CECL"). The estimate of expected credit losses is primarily based on the ratings assigned to the securities by debt rating agencies and the average of the annual historical loss rates associated with those ratings. The Company then multiplies those loss rates, as adjusted for any modifications to reflect current conditions and reasonable and supportable forecasts as considered necessary, by the remaining lives of each individual security to arrive at a lifetime expected loss amount. The CECL assumptions, including reasonable and supportable forecast periods, reversion method, and prepayments as applicable, are consistent with those utilized for the ACL on loans as discussed further below. Virtually all of the mortgage-backed securities held by the Company are issued by government-sponsored enterprises ("GSEs"). These securities are either explicitly guaranteed by the U.S. government or guaranteed by GSEs that have credit ratings and perceived credit risk comparable to the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Substantially all of the state and local government securities held by the Company are highly rated by major rating agencies. Accrued interest receivable Allowance for Credit Losses - Securities Available for Sale - For AFS debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or if it is more likely than not that it will be required to sell the security before recovery of the amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income with the establishment of an allowance under CECL. For debt securities AFS that do not meet the aforementioned criteria, the Company evaluates whether any decline in fair value is due to credit loss factors. In making this assessment, management considers any changes to the rating of the security by a rating agency and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of the cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses on AFS securities is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an ACL is recognized in other comprehensive income. Changes in the ACL under CECL are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance when management believes the uncollectibility of an AFS security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable Presold Mortgages in Process of Settlement - As a part of normal business operations, the Company originates residential mortgage loans that have been pre-approved by secondary investors to be sold on a best efforts basis. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the funding of the loan by the Company. Loans are transferred to the investor in a short period following funding in accordance with the agreed-upon terms. The Company records gains from the sale of these loans on the settlement date of the sale equal to the difference between the proceeds received and the carrying amount of the loan. Additionally, the Company records gains for loans in the process of closing, based on the changes in fair value of the loans and related commitments. Between the initial funding of the loans by the Company and the subsequent reimbursement by the investors, the Company carries the loans on its balance sheet at fair value. Loans - Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred fees and costs. Accrued interest Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured. Purchased Financial Assets with Credit Deterioration ("PCD") - Loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. In determining whether an acquired loan is a PCD loan, the Company considers internal loan grades, delinquency status, and other relevant factors. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. The initial amortized cost of PCD loans is determined by reducing the loans par value by the initial ACL, with any difference between the resulting amount and the loans purchase price or acquisition date fair value recorded as a non-credit-related discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Subsequent to initial recognition, PCD loans are subject to the same interest income recognition and impairment model as non-PCD loans, with changes to the ACL recorded through provision expense. Allowance for Credit Losses - Loans - The ACL is an estimate that is deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial assets. The level of the allowance is determined under the CECL methodology and includes management's evaluation of historical default and loss experience, current and projected economic conditions, asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers' ability to repay a loan (including the timing of future payments), the estimated value of any underlying collateral, composition of the loan portfolio, reasonable and supportable forecasts, and other pertinent factors. Credit losses are estimated on the amortized cost basis of loans, which includes the principal balance outstanding, purchase discounts and premiums, and deferred loan fees and costs. Accrued interest receivable is presented separately on the consolidated balance sheets and excluded from the estimate of credit losses. Loans are charged off when the Company determines that such financial assets are deemed uncollectible. The ACL is increased through provision for loan losses and decreased by charge-offs, net of recoveries. The ACL is measured on a collective basis for pools of loans with similar risk characteristics. The Discounted Cash Flow (“DCF”) method is utilized for substantially all pools, with discounted cash flows computed for each loan in a pool based on its individual characteristics (e.g. maturity date, payment amount, interest rate, etc.), and the results are aggregated at the pool level. A probability of default and loss given default, as adjusted for recoveries, are applied to the discounted cash flows for each pool, while considering prepayment and principal curtailment assumptions driven by each loan's collateral type. When the DCF method is used to determine the ACL, management adjusts the effective interest rate used to discount expected cash flows to incorporate expected prepayments. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The Company has identified the following primary pools for measuring expected credit losses. There are additional sub-segmentations within each pool, including risk categories. • Owner occupied commercial real estate loans - Owner occupied commercial real estate mortgage loans are secured by commercial office buildings, industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. For such loans, repayment is largely dependent upon the operation of the borrower's business. The Company generally requires loan to value of 80% or lower and debt service coverage of 1.30x or better. Terms outside of these guidelines will have strengths to mitigate additional risk. • Non-owner occupied commercial real estate loans - These loans represent investment real estate loans secured by office buildings, industrial buildings, warehouses, retail buildings, and multifamily residential housing. Repayment is primarily dependent on lease income generated from the underlying collateral. The Company generally requires loan to value of 80% or lower, debt service coverage of 1.30x or better and overall lease terms to match or extend beyond the term of the loan. • Consumer real estate mortgage loans - Consumer real estate mortgage consists primarily of loans secured by 1-4 family residential properties, including home equity lines of credit. Repayment is primarily dependent on the personal cash flow of the borrower and may be affected by changes in general economic conditions. The Company generally requires a debt-to-income below 40% on all home equity lines of credit with loan to value generally 80% or less and a minimum credit score of 660. Portfolio mortgage loans will vary depending on the product, but generally require credit scores of 640 or greater, debt to income below 50% and loan to value maximum of 90%. • Construction and land development loans - This pool includes loans where the repayment is dependent on the successful completion and eventual sale, refinance or operation of the related real estate project and are thus impacted by market demand and real estate valuations. Construction and land development loans include 1-4 family construction projects and commercial construction projects. Residential construction loans for resale generally have a loan to value of 85% or lower. Loan to value would generally be under 80% for commercial speculative construction projects. Owner occupied and non-owner occupied commercial construction projects are underwritten to standard guidelines discussed above. • Commercial and industrial loans - These loans include loans to business enterprises issued for commercial, industrial and/or other professional purposes. These loans are generally secured by equipment, inventory, and accounts receivable of the borrower and repayment is primarily dependent on business cash flows. Commercial and Industrial loans generally require debt service coverage of 1.25x or better. The Company typically limits equipment and accounts receivable to loan to value of 80% and eligible inventory limited to 40% loan to value. • Consumer and other loans - Consumer and other loans include all loans issued to individuals not included in the consumer real estate mortgage classification, including automobile loans, consumer credit cards and loans to finance education, among others. Many consumer loans are unsecured and repayment is primarily dependent on the personal cash flow of the borrower which may be impacted by changes in economic conditions and unemployment. The Company generally limits consumer loans to those clients with a minimum 660 credit score and debt-to-income below 40%. Loan to value will vary based on the collateral type and useful life. In determining the proper level of default rates and loss given default, management has determined that the loss experience of the Company provides the best basis for its assessment of expected credit losses. It therefore utilizes its own historical credit loss experience by each loan segment over an economic cycle, while excluding loss experience from certain acquired institutions (i.e., failed banks). Management considers forward-looking information in estimating expected credit losses. For substantially all segments of loans, the Company incorporates two or more macroeconomic drivers using a statistical regression modeling methodology. The Company subscribes to a third-party service which provides a quarterly macroeconomic baseline forecast and alternative scenarios for the United States economy. The baseline forecast, which incorporates an equal probability of the United States economy performing better or worse than the projection, along with the alternative scenarios, are evaluated by management to determine the best forecast to use for macroeconomic factors in the model. Management has also evaluated the appropriateness of the reasonable and supportable forecast scenarios utilized for each period and has made adjustments as needed. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to the long-term mean of historical factors over 12 quarters using a straight-line approach. The Company generally utilizes a four-quarter forecast and a 12-quarter reversion period to the long-term average, which is then held static for the remainder of the forecast period. Included in its systematic methodology to determine its ACL on loans, management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process. These qualitative adjustments either increase or decrease the quantitative model estimation (i.e., formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework that includes the following: 1) changes in lending policies, procedures, and strategies, 2) changes in the nature and volume of the portfolio, 3) staff experience, 4) changes in volume and trends in classified loans, delinquencies, and nonaccrual loans, 5) concentration risk, 6) trends in underlying collateral value, 7) external factors, including competition and legal and regulatory factors, 8) changes in the quality of the Company's loan review system, and 9) economic conditions not already captured. Allowance for Credit Losses - Off-Balance Sheet Credit Exposure - The Company estimates expected credit losses on commitments to extend credit over the contractual period (unfunded commitments) in which the Company is exposed to credit risk on the underlying commitments, unless the obligation is unconditionally cancellable by the Company. The allowance for unfunded commitments, which is reflected within "Other liabilities" on the consolidated balance sheets is adjusted for as an increase or decrease to the provision for credit losses for unfunded commitments. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The allowance is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Financial Difficulty Modifications ("FDM") - A loan that is refinanced or restructured by the Company when a borrower is experiencing financial difficulty is generally considered a FDM. Such modification is evaluated to determine if the changes to the loan result in a new loan or a continuation of the existing loan, and to determine the appropriate treatment of deferred loan fees/costs, (i.e. to recognize in income if considered a new loan or to continue amortization if determined to be a continuation of the loan). The ACL on a FDM is measured using the same method as all other loans held for investment. FDMs that share similar risk characteristics and consistently discounted based on the post-modification effective rate. Troubled Debt Restructurings ("TDR") - Prior to the adoption of Accounting Standards Update ("ASU") 2022-02 on January 1, 2023, a TDR was generally considered a loan for which the terms were modified resulting in a more than insignificant concession, and for which the borrower was experiencing financial difficulties. The ACL on a TDR was measured using the same method as all other loans held for investment, except that the original interest rate was used to discount the expected cash flows, not the rate specified within the restructuring. Small Business Administration ("SBA") Loans Held for Sale and SBA Retained Loan Discount – All SBA loans originated are underwritten and documented as prescribed by the SBA. SBA loans are generally fully amortizing and have maturity dates and amortizations of up to 25 years. The portion of SBA loans originated that are guaranteed and intended for sale on the secondary market may be classified as held for sale if the Company intends to sell them in the near future and generally has acceptable bids for such loans. SBA loans classified as held for sale are carried at the lower of cost or fair value. The Company generally sells the guaranteed portion of the SBA loan as soon as it is eligible to be sold and retains the servicing right. When the guaranteed portion of an SBA loan is sold, the Company allocates the carrying basis of the loan between the guaranteed portion of the loan sold, the unguaranteed portion of the loans retained, and the servicing asset based on their relative fair values. A gain is recorded for the difference between the proceeds received from the sale and the basis allocated to the sold portion. The relative fair value allocation results in a discount that is recorded on the unguaranteed portion of the loan that is retained. The discount is amortized as a yield adjustment over the life of the loan, so long as the loan performs. SBA Servicing Assets - When the Company sells the guaranteed portion of an SBA loan, the Company continues to perform the servicing on the loan and collects a fee related to the sold portion of the loan. A SBA servicing asset is recorded for the fair value of that fee based on an analysis of discounted cash flows that incorporates estimates of (1) market servicing costs, (2) market-based prepayment rates, and (3) market profit margins. SBA servicing assets are included in “Other intangible assets” on the consolidated balance sheets. SBA servicing assets are initially recorded at fair value and amortized against income over the lives of the related loans as a reduction of servicing fee income, generally five years. SBA servicing asset amortization expense is recorded in noninterest income as an offset to SBA servicing fees within the line item "Other service charges, commissions and fees" on the consolidated statement of income. SBA servicing assets are tested for impairment on a quarterly basis by comparing their estimated fair values, aggregated by year of origination, to the related carrying values. Changes in observable market data relating to market interest rates, loan prepayment speeds, and other factors, could result in impairment or reversal of impairment of these servicing assets and, as such, impact the Company's financial condition and results of operations. Transfers of Financial Assets - Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over financial assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Premises and Equipment - Premises and equipment are stated at cost less accumulated depreciation. Recorded within noninterest expense as "Occupancy expense" on the consolidated statements of income, depreciation, computed by the straight-line method, is charged to operations over the estimated useful lives of the properties or, in the case of leasehold improvements, over the term of the lease, if shorter. Land is carried at cost. Maintenance and repairs are charged to operations in the year incurred. Gains and losses on dispositions are included in current operations and are recorded within noninterest expense on the "Other operating expenses" line on the consolidated statements of income. Goodwill and Other Intangible Assets - Business combinations are accounted for using the acquisition method of accounting. Identifiable intangible assets, primarily core deposit intangibles ("CDI"), are recognized separately and are amortized over their estimated useful lives, which for the Company has generally been five Foreclosed Properties - Foreclosed properties consists primarily of real estate acquired by the Company through legal foreclosure or deed in lieu of foreclosure. The property is initially carried at the lower of cost or the estimated fair value of the property less estimated selling costs. If there are subsequent declines in fair value, which is reviewed routinely by management, the property is written down to its fair value through a charge to expense recorded within noninterest expense on the "Other operating expenses" line in the consolidated statements of income. Capital expenditures made to improve the property are capitalized. Costs of holding real estate, such as property taxes, insurance, and maintenance, less related revenues during the holding period, are recorded as expense as they are incurred. Foreclosed properties are included in the "Other assets" line on the consolidated balance sheets and totaled $0.9 million and $0.7 million at December 31, 2023 and 2022, respectively. Bank-Owned Life Insurance – The Company has purchased life insurance policies on certain current and past key employees and directors where the insurance policy benefits and ownership are retained by the employer. These policies are recorded at their cash surrender value. Income from these policies and changes in the net cash surrender value are recorded within noninterest income as “Bank-owned life insurance income” on the consolidated statements of income. Income Taxes - Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets are reduced, if necessary, by the amount of such benefits that are more likely than not expected to be realized based upon available evidence. Other Investments – The Company accounts for its investments in limited partnerships and limited liability companies (“LLCs”) using the equity method of accounting if the percentage ownership and degree of management influence in the investments warrants such accounting treatment. Under the equity method of accounting, the Company records its initial investment at cost. Subsequently, the carrying amount of the investment is increased or decreased to reflect the Company’s share of income or loss of the investee, recorded within noninterest income as "Other gains, net" on the consolidated statements of income. The Company’s recognition of earnings or losses from an equity method investment is based on the Company’s ownership percentage in the investee and the investee’s earnings on a quarterly basis. The investees generally provide their financial information during the quarter following the end of a given period. The Company’s policy is to record its share of earnings or losses on equity method investments in the quarter the financial information is received. All of the Company’s investments in limited partnerships and LLCs and their market values are not readily available. The Company’s management evaluates its investments in investees for impairment based on the investee’s ability to generate cash through its operations or obtain alternative financing, and other subjective factors. There are inherent risks associated with the Company’s investments in such companies, which may result in income statement volatility in future periods. At December 31, 2023 and 2022, the Company’s investments in limited partnerships and LLCs totaled $27.6 million and $18.5 million, respectively, and are included in "Other assets" on the consolidated balance sheets. Federal Home Loan Bank ("FHLB") Stock - The Company is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors. FHLB stock is carried at cost and is recorded in "Other assets" on the consolidated balance sheets. Cash dividends are reported as income, recorded within interest income in the "Other, principally overnight investments" line on the consolidated statements of income. Federal Reserve Bank ("Federal Reserve", "FRB") Stock - The Company is a member of its regional Federal Reserve and is required to own stock based on its level of capital. Federal Reserve stock is carried at cost and is recorded in "Other assets" on the consolidated balance sheets. Cash dividends are reported as income, recorded within interest income in the "Other, principally overnight investments" line on the consolidated statements of income. Loan Commitments and Related Financial Instruments - Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Leases - The Company leases certain branch locations and administrative offices which are generally classified as operating leases with right-of-use assets being included in other assets and the associated lease obligations being included in other liabilities. For leases where the Company is the lessee that have initial terms greater than one year, right-of-use assets and corresponding lease liabilities are reported on the balance sheet. Leases with an initial term of less than one year are not recorded on the balance sheet, rather, the Company recognizes lease expense for these le

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2023
Business Combinations And Discontinued Operations And Disposal Groups [Abstract]
Acquisitions and Dispositions	Acquisitions On January 1, 2023, the Company completed its acquisition of 100% of GrandSouth Bancorporation ("GrandSouth"), in an all-stock transaction pursuant to the Agreement and Plan of Merger and Reorganization (the "Merger Agreement"), dated June 21, 2022, between the Company and GrandSouth. At the closing of the transaction, GrandSouth merged into the Company. Following the merger of the Company and GrandSouth, GrandSouth Bank, a wholly-owned subsidiary of GrandSouth, merged into the Bank with the Bank being the surviving entity. The results of GrandSouth are included beginning on the January 1, 2023 acquisition date. Pursuant to the Merger Agreement, each share of common and preferred stock of GrandSouth issued and outstanding immediately prior to the effective time of the acquisition was converted into 0.91 shares of the Company's common stock. As a result, the Company issued 5,032,834 shares of the Company common stock effective January 1, 2023. In addition, GrandSouth common stock options outstanding at the merger effective time were converted to options to acquire 0.91 shares of the Company's common stock resulting in 542,345 options with an average exercise price of approximately $20.14. The total consideration transferred at the close of the transaction was $229.5 million which was determined based on the number of shares issued and the closing market price of the Company's stock immediately prior to the merger effective time of $42.84. In addition to the stock issued, the fair value of the converted stock options calculated in accordance with ASC 805-30-55 was included in the total consideration of the transaction. As a result of the merger, eight branches in South Carolina were added to the Company's branch network. The acquisition accomplished the Company's strategic initiative to expand its presence in South Carolina, specifically in the high-growth markets of the state including Greenville, Charleston and Columbia. Significant synergies were anticipated to be gained from the acquisition, with asset growth and revenue enhancement opportunities from the new markets and expanded customer base. Accordingly, the Company recognized goodwill in the transaction related primarily to the reasons noted, as well as the positive earnings of GrandSouth. This transaction was accounted for using the acquisition method of accounting for business combinations, and accordingly, the assets acquired, intangible assets identified, and liabilities assumed of GrandSouth were recorded based on estimates of fair values as of January 1, 2023. The determination of fair value requires management to make estimates about discount rates, future expected cash flows, market conditions, and other future events that are highly subjective in nature and subject to change. Estimated fair values were based on management’s best estimates, using the information available at the date of acquisition, including the use of third-party valuation specialists. Management has finalized the valuations of all acquired assets and liabilities assumed in the GrandSouth acquisition. The following table summarizes the estimated fair value of acquired assets, identified intangible assets, and liabilities assumed as of January 1, 2023. Following the table is a discussion of valuation approaches utilized in estimating the fair values. The $114.5 million in goodwill that resulted from this transaction is non-deductible for tax purposes. ($ in thousands) Fair Value Estimate Assets acquired: Cash and cash equivalents $ 22,610 Securities available for sale 112,363 Loans, gross 996,833 Allowance for credit losses (5,610) Premises and equipment 20,268 Core deposit intangible 28,840 Operating right-of-use assets 732 Other assets 27,163 Total 1,203,199 Liabilities assumed: Deposits 1,045,308 Borrowings 38,800 Other liabilities 4,089 Total 1,088,197 Net identifiable assets acquired 115,002 Less: Total consideration 229,489 Goodwill recorded related to acquisition of GrandSouth $ 114,487 The following is a description of the methods used to determine the fair values of significant assets acquired and liabilities assumed included in the table above. Cash and cash equivalents: This consists primarily of cash and due from banks, and interest-bearing deposits with banks. The carrying amount of these assets was a reasonable estimate of fair value based on the short-term nature of these assets. Securities available for sale: Fair value of securities was measured based on quoted market prices, where available. If a quoted market price was not available, fair value was estimated using quoted market prices for similar securities and adjusted for differences between the quoted instrument and the instrument being valued. Substantially all of the securities acquired from GrandSouth were liquidated at their recorded fair value upon close of the transaction or shortly thereafter. There was no gain or loss recorded on the sale of acquired securities. Loans: Fair value of loans acquired was based on a discounted cash flow methodology that considered factors including loan type and related collateral, classification status, remaining term of the loan, fixed or variable interest rate, amortization status, and current discount rates. Expected cash flows were derived using inputs consistent with management's assessment of credit risk for allowance measurement, including estimated future credit losses and estimated prepayments. A total fair value mark of $29.5 million was recorded. PCD loans were determined based primarily on internal grades, delinquency status, and other evidence of credit deterioration. The Company calculated the initial allowance of $5.6 million on PCD loans in accordance with its CECL model and reclassified that amount from the fair value mark to establish the initial ACL on PCD loans. The following table presents additional information related to the acquired loan portfolio at the acquisition date: ($ in thousands) January 1, 2023 PCD Loans: Par value $ 152,487 Allowance for credit losses (5,610) Non-credit discount (1,370) Purchase price 145,507 Non-PCD Loans: Fair Value 845,716 Gross contractual amounts receivable 865,132 Estimate of contractual cash flows not expected to be collected 22,542 Premises: Land and buildings held for use were valued at appraised values, which reflected considerations of recent disposition values for similar property types with adjustments for characteristics of individual properties. Intangible assets: The CDI asset represents the value of the relationships with deposit customers. The fair value for the CDI asset was estimated based on a discounted cash flow methodology that gave appropriate consideration to expected customer attrition rates, cost of deposit base, net maintenance cost attributable to customer deposits and an estimate of the cost associated with alternative funding sources. The discount rates used for CDI assets were based on market rates. The CDI is being amortized over ten years utilizing the sum of the months digits accelerated method, which results in a weighted-average amortization period of approximately 41 months. Lease Assets and Lease Liabilities: Lease assets and lease liabilities were measured using a methodology that involved estimating the future lease payments over the remaining lease term with discounting using a discount rate. The lease term was determined for individual leases based on management's assessment of the probability of exercising existing renewal options. Deposits: The fair values used for the demand and savings deposits by definition equal the amount payable on demand at the acquisition date. Fair values for time deposits were estimated using a discounted cash flow analysis applying interest rates currently offered to the contractual interest rates on such time deposits. Borrowings: The fair values of long-term debt instruments were estimated based on quoted market prices for instrument if available, or for similar instruments if not available. Supplemental Pro Forma Financial Information The following table presents certain pro forma information as if GrandSouth had been acquired on January 1, 2022. These results combine the historical results of GrandSouth with the Company’s results and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on January 1, 2022. Merger-related costs related to this acquisition of $13.7 million for 2023 were recorded by the Company and were excluded from the pro forma information below. In addition, no adjustments have been made to such pro forma information to eliminate the provision for loan losses recorded by GrandSouth in the amount of $2.2 million for 2022. Pro forma information for the year 2023 was adjusted to eliminate the following: 1) the non-PCD provision for loan losses recorded on the acquisition date of $12.2 million and 2) the initial recording of a provision for credit losses associated with GrandSouth’s unfunded commitments of $1.9 million. If the GrandSouth acquisition had occurred at the beginning of 2022, the acquisition date credit loss reserve amounts would have been included in the fair value measurements of GrandSouth and also included in the goodwill calculation. The following table also discloses the impact of the acquisition of GrandSouth from the acquisition date of January 1, 2023 through December 31, 2023. These amounts are included in the Company’s consolidated financial statements as of and for the year ended December 31, 2023. Merger-related costs have been excluded from these amounts and the provisions for credit loss amounts associated with non-PCD loans and unfunded commitments that were discussed above have also been excluded. ($ in thousands, unaudited) Revenue Net Income Year Ended December 31, 2023 Actual GrandSouth results included in statement of income since acquisition date $ 58,301 $ 22,058 Year Ended December 31, 2022 Supplemental consolidated pro forma as if GrandSouth had been acquired on January 1, 2022 454,579 161,826

Securities

Securities	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The book values and approximate fair values of investment securities at December 31, 2023 and 2022 are summarized as follows: 2023 2022 Amortized Fair Unrealized Amortized Fair Unrealized ($ in thousands) Gains (Losses) Gains (Losses) Securities available for sale: US Treasury securities $ 174,785 172,570 — (2,215) 174,420 168,758 — (5,662) Government-sponsored enterprise securities 71,964 60,266 — (11,698) 71,957 57,456 — (14,501) Mortgage-backed securities 2,323,674 1,937,784 30 (385,920) 2,467,839 2,045,000 4 (422,843) Corporate bonds 19,676 18,759 — (917) 44,340 43,279 — (1,061) Total available for sale $ 2,590,099 2,189,379 30 (400,750) 2,758,556 2,314,493 4 (444,067) Securities held to maturity: Mortgage-backed securities $ 12,085 11,447 — (638) 15,150 14,221 — (929) State and local governments 521,593 438,176 39 (83,456) 526,550 418,307 7 (108,250) Total held to maturity $ 533,678 449,623 39 (84,094) 541,700 432,528 7 (109,179) All of the Company’s mortgage-backed securities were issued by government-sponsored enterprises ("GSEs"), except for private mortgage-backed securities with a fair value of $0.7 million and $0.8 million as of December 31, 2023 and 2022, respectively. The following table presents information regarding securities with unrealized losses at December 31, 2023: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized US Treasury securities $ — — 172,570 2,215 172,570 2,215 Government-sponsored enterprise securities — — 60,266 11,698 60,266 11,698 Mortgage-backed securities 1,117 5 1,945,830 386,553 1,946,947 386,558 Corporate bonds — — 17,008 917 17,008 917 State and local governments — — 432,476 83,456 432,476 83,456 Total temporarily impaired securities $ 1,117 5 2,628,150 484,839 2,629,267 484,844 The following table presents information regarding securities with unrealized losses at December 31, 2022: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized US Treasury securities $ 168,758 5,662 — — 168,758 5,662 Government-sponsored enterprise securities — — 57,456 14,501 57,456 14,501 Mortgage-backed securities 221,006 18,215 1,835,958 405,557 2,056,964 423,772 Corporate bonds 40,644 947 886 114 41,530 1,061 State and local governments 48,385 8,323 368,897 99,927 417,282 108,250 Total temporarily impaired securities $ 478,793 33,147 2,263,197 520,099 2,741,990 553,246 As of December 31, 2023, the Company's securities portfolio held 657 securities of which 632 securities were in an unrealized loss position. As of December 31, 2022, the Company's securities portfolio held 666 securities of which 644 securities were in an unrealized loss position. In the above tables, all of the securities that were in an unrealized loss position at December 31, 2023 and 2022 are bonds that the Company has determined are in a loss position due primarily to interest rate factors and not credit quality concerns. In arriving at this conclusion, the Company reviewed third-party credit ratings and considered the severity of the impairment. The state and local government investments are comprised almost entirely of highly-rated municipal bonds issued by state and local governments throughout the nation. The Company has no significant concentrations of bond holdings from any one state or local government entity. Nearly all of the Company's mortgage-backed securities were issued by Federal Home Loan Mortgage Corporation ("FHLMC"), Federal National Mortgage Association ("FNMA"), Government National Mortgage Association ("GNMA"), or SBA, each of which is a government agency or GSE and guarantees the repayment of its securities. The Company does not intend to sell these securities, and it is more likely than not that the Company will not be required to sell these securities before recovery of the amortized cost. At December 31, 2023 and 2022, the Company determined that expected credit losses associated with HTM securities and AFS debt securities were insignificant. The book values and approximate fair values of investment securities at December 31, 2023, by contractual maturity, are summarized in the table below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities Available for Sale Securities Held to Maturity ($ in thousands) Amortized Fair Amortized Fair Debt securities Due within one year $ 177,290 174,976 — — Due after one year but within five years 10,000 8,602 1,998 1,797 Due after five years but within ten years 78,135 67,018 129,097 110,785 Due after ten years 1,000 999 390,498 325,594 Mortgage-backed securities 2,323,674 1,937,784 12,085 11,447 Total securities $ 2,590,099 2,189,379 533,678 449,623 At December 31, 2023 and 2022, investment securities with carrying values of $971.3 million and $758.0 million, respectively, were pledged as collateral for public deposits. In addition, at December 31, 2023 and 2022, investment securities with carrying values of $679.0 million and zero, respectively, were pledged as collateral for FRB borrowings. At December 31, 2023 and 2022, there were no holdings of securities of any one issuer, other than the US Government and its agencies or GSEs, in an amount greater than 10% of shareholders' equity. In 2023 and 2022, there were no sales of investment securities with the exception of securities acquired from GrandSouth in 2023 which were subsequently liquidated as discussed in Note 2. There was no gain or loss associated with the sale of acquired securities. In 2021, the Company received proceeds from sales of securities of $106.5 million and recorded $1.2 million in net gains from the sales. Included in “Other Assets” in the consolidated balance sheets are investments in FHLB and Federal Reserve stock totaling $54.5 million and $39.6 million at December 31, 2023 and 2022, respectively. These investments do not have readily determinable fair values. The FHLB stock had a cost and fair value of $21.7 million and $14.7 million at December 31, 2023 and 2022, respectively, and serves as part of the collateral for the Company’s line of credit with the FHLB and is also a requirement for membership in the FHLB system. The Federal Reserve stock had a cost and fair value of $32.8 million and $24.9 million at December 31, 2023 and 2022, respectively, and is a requirement for Federal Reserve member bank qualification. Periodically, both the FHLB and Federal Reserve recalculate the Company’s required level of holdings, and the Company either buys more stock or redeems a portion of the stock at cost. The Company determined that neither stock was impaired at either period end. The Company owns 12,356 Class B shares of Visa, Inc. (“Visa”) stock that were received upon Visa’s initial public offering. These shares are expected to convert into Class A Visa shares subsequent to the settlement of certain litigation against Visa, to which the Company is not a party. The Class B shares have transfer restrictions, and the conversion rate into Class A shares is periodically adjusted as Visa settles litigation. The conversion rate at December 31, 2023 was approximately 1.59, which means the Company would receive approximately 19,615 Class A shares if the stock had converted on that date. This Class B stock does not have a readily determinable fair value and is carried at zero. If a readily determinable fair value becomes available for the Class B shares, or upon the conversion to Class A shares, the Company will adjust the carrying value of the stock to its market value with a credit to earnings.

Loans, Allowance for Credit Los

Loans, Allowance for Credit Losses, and Asset Quality Information	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Loans, Allowance for Credit Losses, and Asset Quality Information	Loans, Allowance for Credit Losses, and Asset Quality Information The following is a summary of the major categories of total loans outstanding: December 31, 2023 December 31, 2022 ($ in thousands) Amount Percentage Amount Percentage Commercial and industrial $ 905,862 11 % 641,941 9 % Construction, development & other land loans 992,980 12 % 934,176 14 % Commercial real estate - owner occupied 1,259,022 16 % 1,036,270 16 % Commercial real estate - non owner occupied 2,528,060 31 % 2,123,811 32 % Multi-family real estate 421,376 5 % 350,180 5 % Residential 1-4 family real estate 1,639,469 20 % 1,195,785 18 % Home equity loans/lines of credit 335,068 4 % 323,726 5 % Consumer loans 68,443 1 % 60,659 1 % Subtotal 8,150,280 100 % 6,666,548 100 % Unamortized net deferred loan fees (178) (1,403) Total loans $ 8,150,102 6,665,145 Also included in the table above are SBA loans, generally originated under the SBA 7A loan program, with additional information on these loans presented in the table below. ($ in thousands) December 31, December 31, Guaranteed portions of SBA Loans included in table above $ 35,462 31,893 Unguaranteed portions of SBA Loans included in table above 107,784 116,910 Total SBA loans included in the table above $ 143,246 148,803 Sold portions of SBA loans with servicing retained - not included in table above $ 349,275 392,370 At December 31, 2023 and December 31, 2022, there were remaining unaccreted discounts on the retained portion of sold SBA loans amounting to $3.5 million and $4.3 million respectively. At December 31, 2023 and December 31, 2022, loans in the amount of $6.5 billion and $5.3 billion, respectively, were pledged as collateral for certain borrowings. Refer to Note 9 for further discussion. At December 31, 2023 and 2022, total loans included loans to executive officers and directors of the Company, and their associates, totaling approximately $63.7 million and $6.0 million, respectively. There were nine new loans and advances on existing loans totaling approximately $58.5 million for the year ended December 31, 2023 and repayments amounted to $0.8 million for that period. Available credit on related party loans totaled $2.7 million and $1.2 million at December 31, 2023 and December 31, 2022, respectively. As of December 31, 2023 and 2022, unamortized discounts on all acquired loans totaled $24.0 million and $11.6 million, respectively. Loan discounts are generally amortized as yield adjustments over the respective lives of the loans, while the loans perform. Nonperforming assets ("NPAs") are defined as nonaccrual loans, FDMs, loans past due 90 or more days and still accruing interest, foreclosed real estate, and prior to the adoption of ASU 2022-02 on January 1, 2023, TDRs. The following table summarizes the NPAs for each period presented: ($ in thousands) December 31, December 31, Nonperforming assets Nonaccrual loans $ 32,208 28,514 Modifications to borrowers in financial distress 11,719 — TDRs - accruing — 9,121 Total nonperforming loans 43,927 37,635 Foreclosed properties 862 658 Total nonperforming assets $ 44,789 38,293 At December 31, 2023 and 2022, the Company had $1.0 million and $0.8 million in residential mortgage loans in process of foreclosure, respectively. At December 31, 2023 and December 31, 2022, there was one loan with an immaterial commitment to lend additional funds to borrowers whose loans were nonperforming. The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2023. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 944 8,932 9,876 Construction, development & other land loans — 399 399 Commercial real estate - owner occupied 960 6,082 7,042 Commercial real estate - non owner occupied 6,121 1,082 7,203 Residential 1-4 family real estate — 4,843 4,843 Home equity loans/lines of credit 534 2,169 2,703 Consumer loans — 142 142 Total $ 8,559 23,649 32,208 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2022. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 3,855 6,374 10,229 Construction, development & other land loans — 1,009 1,009 Commercial real estate - owner occupied 3,903 5,770 9,673 Commercial real estate - non owner occupied 1,107 1,725 2,832 Residential 1-4 family real estate 157 3,132 3,289 Home equity loans/lines of credit — 1,397 1,397 Consumer loans — 85 85 Total $ 9,022 19,492 28,514 There is no interest income recognized during the periods presented on nonaccrual loans. The Company follows its nonaccrual policy of reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. The following table represents the accrued interest receivables written off by reversing interest income for the periods indicate. ($ in thousands) Year Ended December 31, 2023 Year Ended December 31, 2022 Commercial and industrial $ 225 102 Construction, development & other land loans 10 16 Commercial real estate - owner occupied 124 124 Commercial real estate - non owner occupied 186 15 Residential 1-4 family real estate 38 45 Home equity loans/lines of credit 57 20 Consumer loans 2 2 Total $ 642 324 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2023. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial and industrial $ 3,726 257 — 9,876 892,003 905,862 Construction, development & other land loans 241 256 — 399 992,084 992,980 Commercial real estate - owner occupied 906 404 — 7,042 1,250,670 1,259,022 Commercial real estate - non owner occupied 361 — — 7,203 2,520,496 2,528,060 Multi-family real estate — — — — 421,376 421,376 Residential 1-4 family real estate 18,868 3,401 — 4,843 1,612,357 1,639,469 Home equity loans/lines of credit 603 349 — 2,703 331,413 335,068 Consumer loans 270 131 — 142 67,900 68,443 Total $ 24,975 4,798 — 32,208 8,088,299 8,150,280 Unamortized net deferred loan fees (178) Total loans $ 8,150,102 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2022. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial and industrial $ 438 565 — 10,229 630,709 641,941 Construction, development & other land loans 238 1,687 — 1,009 931,242 934,176 Commercial real estate - owner occupied 124 48 — 9,673 1,026,425 1,036,270 Commercial real estate - non owner occupied 496 49 — 2,832 2,120,434 2,123,811 Multi-family real estate — — — — 350,180 350,180 Residential 1-4 family real estate 3,415 25 — 3,289 1,189,056 1,195,785 Home equity loans/lines of credit 457 371 — 1,397 321,501 323,726 Consumer loans 249 66 — 85 60,259 60,659 Total $ 5,417 2,811 — 28,514 6,629,806 6,666,548 Unamortized net deferred loan (fees) costs (1,403) Total loans $ 6,665,145 Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. The Company reviews individually evaluated loans on nonaccrual with a net book balance of $500,000 or greater for designation as collateral dependent loans, as well as certain other loans that may still be accruing interest and/or are less than $500,000 in size that management of the Company designates as having higher risk. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the ACL. The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2023. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — 2,385 — — 2,385 Commercial real estate - owner occupied — — — 1,142 1,142 Commercial real estate - non owner occupied — — — 6,121 6,121 Home equity loans/lines of credit 534 — — — 534 Total $ 534 2,385 — 7,263 10,182 The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2022. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — 6,394 — — 6,394 Commercial real estate - owner occupied — — — 4,578 4,578 Commercial real estate - non owner occupied — — — 2,145 2,145 Residential 1-4 family real estate 157 — — — 157 Total $ 157 6,394 — 6,723 13,274 Under CECL, for collateral dependent loans, the Company has adopted the practical expedient to measure the ACL based on the fair value of collateral. The ACL is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for liquidation costs/discounts, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required. The Company's policy is to obtain third-party appraisals on any significant pieces of collateral. For loans secured by real estate, the Company's policy is to write nonaccrual loans down to 90% of the appraised value, which considers estimated selling costs. For real estate collateral that is in industries that are undergoing heightened stress, the Company often discounts the collateral values by an additional 10% to 25% due to additional discounts that are estimated to be incurred in a near-term sale. For non-real estate collateral secured loans, the Company generally writes nonaccrual loans down to 75% of the appraised value, which provides for selling costs and liquidity discounts that are usually incurred when disposing of non-real estate collateral. For reviewed loans that are not on nonaccrual basis, the Company assigns a specific allowance based on the parameters noted above. There is no significant over-coverage of collateral for any of the loan types noted above. Fluctuations in the ACL each period are based on loan mix and growth, changes in the levels of nonperforming loans, economic forecasts impacting loss drivers, other assumptions and inputs to the CECL model, and as occurred in 2023, adjustments for acquired loan portfolios. Much of the change to the level of ACL during the year ended December 31, 2023 is attributed to the acquisition of GrandSouth. In addition to the initial allowance recorded for PCD loans of $5.6 million, the Company recorded an initial provision of $12.2 million related to the non-PCD loans in the GrandSouth portfolio. The balance of the change was a result of loan growth during the year and updated prepayment speed estimates in the CECL model, which have slowed with market rate increases, thus requiring additional allowance for the estimated longer life of loans. The following tables presents the activity in the ACL on loans for each of the periods indicated. ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Charge-offs Recoveries Provisions/(Reversals) Ending balance As of and for the year ended December 31, 2023 Commercial and industrial $ 17,718 5,197 (8,358) 1,393 5,277 21,227 Construction, development & other land loans 15,128 49 (120) 370 (1,487) 13,940 Commercial real estate - owner occupied 14,972 191 (144) 465 2,734 18,218 Commercial real estate - non owner occupied 22,780 51 (235) 737 1,583 24,916 Multi-family real estate 2,957 — — 13 855 3,825 Residential 1-4 family real estate 11,354 113 (4) 377 9,556 21,396 Home equity loans/lines of credit 3,158 8 (309) 98 384 3,339 Consumer loans 2,900 1 (1,005) 248 848 2,992 $ 90,967 5,610 (10,175) 3,701 19,750 109,853 ($ in thousands) Beginning balance Charge-offs Recoveries Provisions/(Reversals) Ending balance As of and for the year ended December 31, 2022 Commercial and industrial $ 16,249 (2,519) 756 3,232 17,718 Construction, development & other land loans 16,519 — 480 (1,871) 15,128 Commercial real estate - owner occupied 12,317 (214) 691 2,178 14,972 Commercial real estate - non owner occupied 16,789 (849) 1,281 5,559 22,780 Multi-family real estate 1,236 — 11 1,710 2,957 Residential 1-4 family real estate 8,686 — 17 2,651 11,354 Home equity loans/lines of credit 4,337 (43) 600 (1,736) 3,158 Consumer loans 2,656 (840) 207 877 2,900 $ 78,789 (4,465) 4,043 12,600 90,967 ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Adjustment for implementation of CECL Charge-offs Recoveries Provisions/(Reversals) Ending balance As of and for the year ended December 31, 2021 Commercial and industrial $ 11,316 2,917 3,067 (3,722) 1,744 927 16,249 Construction, development & other land loans 5,355 165 6,140 (245) 948 4,156 16,519 Commercial real estate - owner occupied 10,608 307 (189) (362) 150 1,803 12,317 Commercial real estate - non owner occupied 11,465 1,181 380 (1,933) 371 5,325 16,789 Multi-family real estate 1,530 1 (448) — 12 141 1,236 Residential 1-4 family real estate 8,048 222 2,584 (273) 761 (2,656) 8,686 Home equity loans/lines of credit 2,375 92 2,580 (400) 578 (888) 4,337 Consumer loans 1,478 10 674 (667) 358 803 2,656 Unallocated 213 — (213) — — — — $ 52,388 4,895 14,575 (7,602) 4,922 9,611 78,789 Credit Quality Indicators The Company tracks credit quality based on its internal risk ratings. Upon origination, a loan is assigned an initial risk grade, which is generally based on several factors such as the borrower’s credit score, the loan-to-value ratio, the debt-to-income ratio, etc. Loans that are risk-graded as substandard during the origination process are declined. After loans are initially graded, they are monitored regularly for credit quality based on many factors, such as payment history, the borrower’s financial status, and changes in collateral value. Loans can be downgraded or upgraded depending on management’s evaluation of these factors. Internal risk-grading policies are consistent throughout each loan type. The following describes the Company’s internal risk grades in ascending order of likelihood of loss: Risk Grade Description Pass: 1 Loans with virtually no risk, including cash secured loans. 2 Loans with documented significant overall financial strength. These loans have minimum chance of loss due to the presence of multiple sources of repayment – each clearly sufficient to satisfy the obligation. 3 Loans with documented satisfactory overall financial strength. These loans have a low loss potential due to presence of at least two clearly identified sources of repayment – each of which is sufficient to satisfy the obligation under the present circumstances. 4 Loans to borrowers with acceptable financial condition. These loans could have signs of minor operational weaknesses, lack of adequate financial information, or loans supported by collateral with questionable value or marketability. 5 Loans that represent above average risk due to minor weaknesses and warrant closer scrutiny by management. Collateral is generally available and felt to provide reasonable coverage with realizable liquidation values in normal circumstances. Repayment performance is satisfactory. P Consumer loans that are of satisfactory credit quality with borrowers who exhibit good personal credit history, average personal financial strength and moderate debt levels. These loans generally conform to Bank policy, but may include approved mitigated exceptions to the guidelines. Special Mention: 6 Existing loans with defined weaknesses in primary source of repayment that, if not corrected, could cause a loss to the Company. Classified: 7 An existing loan inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. 8 Loans that have a well-defined weakness that make the collection or liquidation in full highly questionable and improbable. Loss appears imminent, but the exact amount and timing is uncertain. 9 Loans that are considered uncollectible and are in the process of being charged-off. This grade is a temporary grade assigned for administrative purposes until the charge-off is completed. F Consumer loans with a well-defined weakness, such as exceptions of any kind with no mitigating factors, history of paying outside the terms of the note, insufficient income to support the current level of debt, etc. The tables below present the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of the periods indicated. Acquired loans are presented in the year originated, not in the year of acquisition. In the tables that follow, substantially all of the "Classified" loans have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the years ended December 31, 2023 and December 31, 2022 totaled $25.9 million and $7.9 million, respectively. As presented in the tables that follow, as of December 31, 2023, the Company had $44.1 million in loans graded as Special Mention and $54.2 million in loans graded as Classified, which includes all nonaccrual loans at that date. As of December 31, 2022, the Company had $39.0 million in loans graded as Special Mention and $48.5 million in loans graded as Classified, which includes all nonaccrual loans at that date. Term Loans by Year of Origination ($ in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total As of December 31, 2023 Commercial and industrial Pass $ 136,735 161,131 111,069 75,312 38,495 60,626 302,684 886,052 Special Mention 2,832 2,547 167 185 448 672 1,135 7,986 Classified 1,626 1,152 720 1,389 1,647 4,487 803 11,824 Total commercial and industrial 141,193 164,830 111,956 76,886 40,590 65,785 304,622 905,862 Gross charge-offs, YTD 171 1,036 713 537 821 1,547 3,533 8,358 Construction, development & other land loans Pass 563,998 231,450 90,374 16,662 11,598 5,816 70,852 990,750 Special Mention 489 273 59 — 2 4 19 846 Classified 657 708 — — 8 11 — 1,384 Total construction, development & other land loans 565,144 232,431 90,433 16,662 11,608 5,831 70,871 992,980 Gross charge-offs, YTD — — — — — 120 — 120 Commercial real estate - owner occupied Pass 210,449 323,852 299,135 196,343 92,452 86,784 23,198 1,232,213 Special Mention 338 2,533 271 817 5,755 2,253 — 11,967 Classified 4,456 1,505 1,721 895 2,288 3,904 73 14,842 Total commercial real estate - owner occupied 215,243 327,890 301,127 198,055 100,495 92,941 23,271 1,259,022 Gross charge-offs, YTD — — 49 — — 92 3 144 Commercial real estate - non owner occupied Pass 509,596 748,854 722,472 287,235 119,515 84,690 29,001 2,501,363 Special Mention 11,353 199 36 393 1,183 5,942 342 19,448 Classified 871 32 14 4,214 634 1,484 — 7,249 Total commercial real estate - non owner occupied 521,820 749,085 722,522 291,842 121,332 92,116 29,343 2,528,060 Gross charge-offs, YTD — — 235 — — — — 235 Multi-family real estate Pass 57,378 137,533 139,879 43,881 12,231 10,323 20,151 421,376 Special Mention — — — — — — — — Classified — — — — — — — — Total multi-family real estate 57,378 137,533 139,879 43,881 12,231 10,323 20,151 421,376 Gross charge-offs, YTD — — — — — — — — Residential 1-4 family real estate Pass 363,410 400,483 317,515 186,459 94,567 260,102 3,247 1,625,783 Special Mention 681 41 202 64 587 1,987 — 3,562 Classified 1,848 50 474 741 472 6,539 — 10,124 Total residential 1-4 family real estate 365,939 400,574 318,191 187,264 95,626 268,628 3,247 1,639,469 Gross charge-offs, YTD — — — — — 4 — 4 Home equity loans/lines of credit Pass 2,830 1,136 1,141 223 499 1,233 319,199 326,261 Special Mention 163 — 122 — — — 18 303 Classified 255 — 146 91 112 10 7,890 8,504 Total home equity loans/lines of credit 3,248 1,136 1,409 314 611 1,243 327,107 335,068 Gross charge-offs, YTD — — — — — — 309 309 Consumer loans Pass 16,497 12,906 4,999 2,173 432 429 30,757 68,193 Special Mention — — — — — — — — Classified 130 7 45 — 3 34 31 250 Total consumer loans 16,627 12,913 5,044 2,173 435 463 30,788 68,443 Gross charge-offs, YTD 34 79 73 23 — 1 795 1,005 Total loans $ 1,886,592 2,026,392 1,690,561 817,077 382,928 537,330 809,400 8,150,280 Unamortized net deferred loan fees (178) Total loans, net of deferred loan fees $ 8,150,102 Total gross charge-offs, year to date $ 205 1,115 1,070 560 821 1,764 4,640 10,175 Term Loans by Year of Origination ($ in thousands) 2022 2021 2020 2019 2018 Prior Revolving Total As of December 31, 2022 Commercial and industrial Pass $ 185,167 107,747 85,110 51,274 590 76,588 120,590 627,066 Special Mention 342 166 648 1,312 — 990 332 3,790 Classified 734 1,909 808 1,384 — 5,762 488 11,085 Total commercial and industrial 186,243 109,822 86,566 53,970 590 83,340 121,410 641,941 Construction, development & other land loans Pass 550,752 267,096 42,421 30,973 — 12,722 19,519 923,483 Special Mention 5,128 5 3,679 — — 100 13 8,925 Classified 656 107 38 899 — 44 24 1,768 Total construction, development & other land loans 556,536 267,208 46,138 31,872 — 12,866 19,556 934,176 Commercial real estate - owner occupied Pass 258,025 305,324 190,464 96,495 179 141,053 15,499 1,007,039 Special Mention 1,170 1,070 4,042 6,926 — 3,277 665 17,150 Classified 3,060 208 84 1,572 — 6,790 367 12,081 Total commercial real estate - owner occupied 262,255 306,602 194,590 104,993 179 151,120 16,531 1,036,270 Commercial real estate - non owner occupied Pass 718,696 747,653 319,708 141,284 — 168,096 21,159 2,116,596 Special Mention 545 44 394 1,363 — 1,180 — 3,526 Classified 420 1,057 — 884 — 1,328 — 3,689 Total commercial real estate - non owner occupied 719,661 748,754 320,102 143,531 — 170,604 21,159 2,123,811 Multi-family real estate Pass 119,922 133,701 59,452 9,669 — 15,212 12,224 350,180 Special Mention — — — — — — — — Classified — — — — — — — — Total multi-family real estate 119,922 133,701 59,452 9,669 — 15,212 12,224 350,180 Residential 1-4 family real estate Pass 317,282 274,756 186,102 98,559 185 301,885 1,379 1,180,148 Special Mention 1,189 127 110 470 — 2,416 — 4,312 Classified 763 251 221 359 — 9,072 659 11,325 Total residential 1-4 family real estate 319,234 275,134 186,433 99,388 185 313,373 2,038 1,195,785 Home equity loans/lines of credit Pass 869 1,091 349 237 — 2,020 309,786 314,352 Special Mention 175 — — — — 18 1,072 1,265 Classified 106 156 94 87 — 213 7,453 8,109 Total home equity loans/lines of credit 1,150 1,247 443 324 — 2,251 318,311 323,726 Consumer loans Pass 35,406 7,946 3,610 1,056 3 1,250 10,953 60,224 Special Mention — — — — — — — — Classified 320 31 3 1 — 25 55 435 Total consumer loans 35,726 7,977 3,613 1,057 3 1,275 11,008 60,659 Total loans $ 2,200,727 1,850,445 897,337 444,804 957 750,041 522,237 6,666,548 Unamortized net deferred loan fees (1,403) Total loans, net of deferred loan fees $ 6,665,145 Loan Modifications to Borrowers Experiencing Financial Difficulty Effective January 1, 2023, we adopted ASU 2022-02 which eliminated the accounting guidance for TDRs and requires disclosures for certain loan modifications when a borrower is experiencing financial difficulty. Occasionally, the Company modifies loans to borrowers in financial distress as a part of our loss mitigation activities. Various types of modification may be offered including principal forgiveness, term extension, payment delays, or interest rate reductions. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession may be granted. For loans included in the “combination” columns below, multiple types of modifications have been made on the same loan within the current reporting period. The followings tables present the amortized cost basis at December 31, 2023 of the loans modified during the twelve months then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted. Payment Delay Term Extension Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans Commercial and industrial $ 2,590 251 — 2,841 0.31 % Construction, development & other land loans — 354 8 362 0.04 % Commercial real estate - owner occupied 210 4,245 — 4,455 0.35 % Commercial real estate - non owner occupied — 206 — 206 0.01 % Residential 1-4 family real estate — 735 — 735 0.04 % Home equity loans/lines of credit 557 2,436 121 3,114 0.93 % Consumer loans — 6 — 6 0.01 % Total $ 3,357 8,233 129 11,719 0.14 % For the twelve months ended December 31, 2023, there were no modifications for borrowers experiencing financial difficulty with principal forgiveness concessions. The following tables describes the financial effect for the twelve months ended December 31, 2023 of the modifications made for borrowers experiencing financial difficulty: Weighted Average Interest Rate Reduction Weighted Average Payment Delay (in months) Weighted Average Term Extension (in months) Commercial and industrial — % 4 31 Construction, development & other land loans 1.55 % 0 19 Commercial real estate - owner occupied — % 11 34 Commercial real estate - non owner occupied — % 0 13 Residential 1-4 family real estate — % 0 23 Home equity loans/lines of credit 2.40 % 13 49 Consumer loans — % 0 24 The Company closely monitors the performance of the loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that have been modified in the last twelve months as of December 31, 2023: Payment Status (Amortized Cost Basis) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Commercial and industrial $ 2,841 — — — Construction, development & other land loans 362 — — — Commercial real estate - owner occupied 4,455 — — — Commercial real estate - non owner occupied 206 — — — Residential 1-4 family real estate 656 79 — — Home equity loans/lines of credit 3,114 — — — Consumer loans 6 — — — Total $ 11,640 79 — — None of the modifications made for borrowers experiencing financial difficulty during the twelve months ended December 31, 2023 are considered to have had a payment default. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount. TDR Disclosures Prior to the Adoption of ASU 2022-02 The restructuring of a loan was considered a TDR if both (i) the borrower was experiencing financial difficulties and (ii) the creditor had granted a concession. Concessions may have included interest rate reductions or below market interest rates, principal forgiveness, extension of terms and other actions intended to minimize potential losses. The vast majority of the Company’s TDRs modified during the years ended December 31, 2022 and 2021 related to interest rate reductions combined with extension of terms. The Company does not generally grant principal forgiveness. The Company’s TDRs can be classified as either nonaccrual or accruing based on the loan’s payment status. The TDRs that are nonaccrual are reported within the nonaccrual loan totals presented previously. The following tables present information related to loans modified in a TDR during periods as indicated. For the year ended December 31, 2022 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial and industrial 2 $ 143 143 Construction, development & other land loans 1 67 67 Residential 1-4 family real estate 2 75 78 TDRs – Nonaccrual Commercial and industrial 5 744 744 Commercial real estate - non owner occupied 1 72 72 Residential 1-4 family real estate 1 36 36 Total TDRs arising during period 12 $ 1,137 1,140 For the year ended December 31, 2021 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Residential 1-4 family real estate 1 $ 33 33 TDRs – Nonaccrual Commercial and industrial 5 1,438 1,435 Construction, development & other land loans 1 75 75 Commercial real estate - owner occupied 3 553 553 Commercial real estate - non owner occupied 1 1,176 1,176 Residential 1-4 family real estate 1 263 263 Total TDRs arising during period 12 $ 3,538 3,535 The Company considered a TDR loan to have defaulted when it became 90 or more days delinquent under the modified terms, had been transferred to nonaccrual status, or had been transferred to foreclosed real estate. There were no accruing TDRs that were modified in the twelve months preceding December 31, 2022 and 2021 and that defaulted during the twelve months ended December 31, 2022 and 2021. Concentration of Credit Risk The Company’s loan portfolio is not concentrated in loans to any single borrower or to a relatively small number of borrowers. Additionally, management is not aware of any concentrations of loans to classes of borrowers or industries that would be similarly affected by economic conditions. Approximately 88% of the Company's loan portfolio is secured by real estate and is therefore susceptible to changes in real estate valuations. Most of our business activity is with customers located within the markets where we have banking operations. While our exposure to credit risk is affected by changes in the economy within our markets, the risk is not significantly concentrated. The following table presents the total lending exposure for the counties with the largest percentage of our loan portfolio as of December 31, 2023 and 2022. No other market (as defined by county) had total loans outstanding in excess of 5% of the total portfolio at year end. Percentage of Loans Outstanding 2023 2022 Wake County, North Carolina 10.1 % 11.6 % New Hanover County, North Carolina 8.1 % 9.1 % Mecklenburg County, North Carolina 7.6 % 7.9 % Buncombe County, North Carolina 5.3 % 6.1 % Guilford County, North Carolina 5.0 % 5.0 % In addition to monitoring potential concentrations of loans to particular borrowers or groups of borrowers, industries, and geographic regions, the Company monitors exposure to credit risk that could arise from potential concentrations of lending products and practices The Company has determined that there is no concentration of credit risk associated with its lending policies or practices. Allowance for Unfunded Loan Commitments In addition to the ACL on loans, the Company maintains an allowance for lending-related commitments such as unfunded loan commitments and letters of credit. The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The allowance for lending-related commitments on off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the ACL on loans, and are discussed in Note 1. The allowance for unfunded loan commitments of $11.4 million and $13.3 million at December 31, 2023 and December 31, 2022, respectively, were included in "Other liabilities" on the consolidated balance sheets. The following table prese nts the balance and activity in the allowance for unfunded loan commitments for twelve months ended December 31, 2023 and December 31, 2022: ($ in thousands) December 31, 2023 December 31, 2022 Beginning balance $ 13,306 $ 13,506 Initial provision for credit losses on unfunded commitments acquired from GrandSouth 1,921 — Charge-offs — — Recoveries — — Reversal of provision for unfunded commitments (3,858) (200) Ending balance $ 11,369 $ 13,306 Allowance for Credit Losses - Securities Held Maturity The ACL for securities held to maturity was insignificant at December 31, 2023 and December 31, 2022.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Premises and Equipment	Premises and Equipment Premises and equipment at December 31, 2023 and 2022 consisted of the following: ($ in thousands) Estimated Useful Lives 2023 2022 Land $ 52,443 45,363 Buildings 15 to 40 years 127,985 114,884 Furniture and equipment 5 to 10 years 35,214 31,920 Vehicles 3 years 2,384 1,227 Leasehold improvements 5 to 39 years 1,644 1,644 Total cost 219,670 195,038 Less accumulated depreciation and amortization (68,713) (60,851) Total premises and equipment $ 150,957 134,187 Depreciation expense amounted to $7.8 million, $6.9 million, and $6.2 million for the years ended December 31, 2023, 2022, and 2021, respectively, and is recorded in occupancy expense.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets and the carrying amount of unamortizable intangible assets as of the periods presented. December 31, 2023 December 31, 2022 ($ in thousands) Gross Carrying Accumulated Net Amount Gross Carrying Accumulated Net Amount Amortizable intangible assets: Customer lists $ 2,700 2,167 533 2,700 1,847 853 Core deposit intangibles 57,890 28,932 28,958 29,050 21,274 7,776 Other 100 83 17 100 58 42 Intangibles before servicing assets 60,690 31,182 29,508 31,850 23,179 8,671 SBA servicing assets 13,966 10,616 3,350 13,264 9,260 4,004 Total amortizable intangible assets $ 74,656 41,798 32,858 45,114 32,439 12,675 Unamortizable intangible assets: Goodwill $ 478,750 364,263 Customer lists are generally amortized over five years and core deposit intangibles are generally amortized over 10 years, both at an accelerated rate. In connection with the GrandSouth acquisition on January 1, 2023, the Company recorded $28.8 million in core deposit intangibles. Amortization expense of all other intangible assets, excluding the SBA servicing asset, totaled $8.0 million, $3.7 million, and $3.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. The portfolio of SBA loans serviced for others, which were not included in the accompanying consolidated balances sheets, was $349.3 million and $392.4 million, respectively, at December 31, 2023 and 2022. There were no other loans serviced for others in any year presented. During 2023, 2022 and 2021, the Company recorded $3.5 million, $3.4 million, and $3.9 million , respectively in SBA guaranteed SBA servicing assets A summary of the key assumptions used in the discounted cash flow method utilized to estimate the fair value of the SBA servicing asset were as follows: December 31, 2023 December 31, 2022 Prepayment rate assumption: Weighted average 19.05% 15.58% Range 9.27% - 33.14% 7.29% - 32.38% Discount rate: Weighted average 16.36% 22.14% Range 11.19% - 22.51% 14.44% - 31.29% Servicing cost 0.40% 0.40% The following table presents the changes in the SBA servicing assets for each period indicated. ($ in thousands) December 31, 2023 December 31, 2022 Beginning balance, net $ 4,004 5,472 Add: New servicing assets 702 1,332 Less: Amortization expense and impairment charges (1,356) (2,800) Ending balance, net $ 3,350 4,004 Goodwill is evaluated for impairment on at least an annual basis, with the annual evaluation occurring as of October 31st of each year. Goodwill is also evaluated for impairment any time there is a triggering event indicating that impairment may have occurred. No triggering events were identified during 2023 or 2022, and therefore, the Company did not perform interim impairment evaluations in either of those years. Each of the Company's goodwill impairment evaluations for the periods presented, including the most recent, which occurred in the fourth quarter of 2023, indicated that there was no goodwill impairment. The following table presents the changes in carrying amounts of goodwill: ($ in thousands) Total Goodwill Balance at December 31, 2021 $ 364,263 Net activity during 2022 — Balance at December 31, 2022 364,263 Additions from acquisition of GrandSouth 114,487 Balance at December 31, 2023 $ 478,750 The following table presents the estimated amortization expense schedule related to acquisition-related amortizable intangible assets, excluding the SBA servicing assets. These amounts will be recorded as "Intangibles amortization expense" within the noninterest expense section of the consolidated statements of income. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortized intangible assets. ($ in thousands) Estimated 2024 $ 6,604 2025 5,672 2026 4,704 2027 3,951 2028 3,197 Thereafter 5,380 Total $ 29,508

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income tax expense (benefit) for the years ended December 31, 2023, 2022, and 2021 are as follows: ($ in thousands) 2023 2022 2021 Current - Federal $ 24,750 35,616 25,742 - State 3,857 4,477 3,733 Deferred - Federal (481) (1,658) (4,247) - State (301) (152) (553) Total $ 27,825 38,283 24,675 The following is a reconciliation of federal income tax expense at the statutory rate of 21% at December 31, 2023, December 31, 2022, and December 31, 2021, to the income tax provision reported in the financial statements. ($ in thousands) 2023 2022 2021 Tax provision at statutory rate $ 27,711 38,896 25,266 Increase (decrease) in income taxes resulting from: Tax-exempt interest income (2,175) (1,976) (1,589) Low income housing and other tax credits (630) (669) (1,229) Bank-owned life insurance income (920) (1,511) (589) Non-deductible interest expense 241 26 14 State income taxes, net of federal benefit 2,809 3,369 2,472 Nondeductible merger expenses 489 107 242 Change in valuation allowance (13) (20) (10) Nondeductible compensation 274 97 27 Other, net 39 (36) 71 Total $ 27,825 38,283 24,675 The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets, which are included in Other Assets on the consolidated balance sheets are as follows at December 31, 2023 and 2022: ($ in thousands) 2023 2022 Deferred tax assets: Allowance for credit losses on loans $ 25,431 20,900 Allowance for credit losses on unfunded commitments 2,632 3,057 Excess book over tax pension plan cost 403 365 Deferred compensation 1,453 638 Federal & state net operating loss and tax credit carryforwards 188 197 Accruals, book versus tax 3,462 4,404 Pension 23 — Unrealized losses on securities available for sale 92,767 102,046 Foreclosed real estate — 3 Basis differences in assets acquired in FDIC transactions 46 — Purchase accounting adjustments 4,691 2,982 Equity compensation 1,524 768 Partnership investments 773 652 Leases 178 151 SBA servicing asset 31 77 Gross deferred tax assets 133,602 136,240 Less: Valuation allowance (17) (30) Net deferred tax assets 133,585 136,210 Deferred tax liabilities: Loan fees (2,952) (3,102) Depreciable basis of fixed assets (7,070) (5,493) Amortizable basis of intangible assets (15,523) (10,047) Basis differences in assets acquired in FDIC transactions — (108) Trust preferred securities (388) (416) Pension — (12) Gross deferred tax liabilities (25,933) (19,178) Net deferred tax asset $ 107,652 117,032 The valuation allowances for 2023 and 2022 related to state net operating loss carryforwards. The realization of the remaining net deferred tax assets is determined to be more likely than not. The Company had no significant uncertain tax positions, and thus no reserve for uncertain tax positions has been recorded. Additionally, the Company determined that it has no material unrecognized tax benefits that if recognized would affect the effective tax rate. The Company’s general policy is to record tax penalties and interest as a component of “other operating expenses.” The Company is subject to routine audits of its tax returns by the Internal Revenue Service and various state taxing authorities. The Company’s tax returns are subject to income tax audit by federal and state agencies beginning with the year 2020. There are no indications of any material adjustments relating to any examination currently being conducted by any taxing authority. Retained earnings at December 31, 2023 and 2022 included approximately $6.9 million representing pre-1988 tax bad debt reserve base year amounts for which no deferred income tax liability has been provided since these reserves are not expected to reverse or may never reverse. Circumstances that would require an accrual of a portion or all of this unrecorded tax liability are a reduction in qualifying loan levels relative to the end of 1987, failure to meet the definition of a bank, dividend payments in excess of accumulated tax earnings and profits, or other distributions in dissolution, liquidation or redemption of the Bank’s stock.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits, by Type [Abstract]
Deposits	Deposits The following table lists the composition of the deposit portfolio as of the end of the respective years. ($ in thousands) December 31, 2023 December 31, 2022 Noninterest-bearing checking accounts $ 3,379,876 3,566,003 Interest-bearing checking accounts 1,411,142 1,514,166 Money market accounts 3,653,506 2,416,146 Savings accounts 608,380 728,641 Other time deposits 610,887 464,343 Time deposits >$250,000 355,209 276,319 Total customer deposits 10,019,000 8,965,618 Brokered Deposits - time deposits 12,599 261,911 Total deposits $ 10,031,599 9,227,529 At December 31, 2023, the scheduled maturities of time deposits were as follows: ($ in thousands) 2024 $ 901,211 2025 41,579 2026 21,160 2027 9,175 2028 4,727 Thereafter 843 $ 978,695 Deposits received from executive officers and directors and their associates totaled approximately $4.6 million and $2.0 million at December 31, 2023 and 2022, respectively. Deposit overdrafts of approximately $1.1 million and $0.8 million at December 31, 2023 and 2022 are included within "Loans" on the consolidated balance sheets. As of December 31, 2023 and 2022, the Company held $355.2 million and $276.3 million, respectively, in time deposits of more than $250,000 (which was the FDIC insurance limit for insured deposits as of December 31, 2023). Brokered deposits were $12.6 million and $261.9 million at December 31, 2023 and 2022, respectively. Total reciprocal deposits through the Certificate of Deposit Account Registry Services ("CDARS") and Insured Cash Sweep ("ICS") were $26.6 million and $10.3 million at December 31, 2023 and 2022, respectively. As of December 31, 2023, the estimated insured deposits totaled $6.3 billion or 63.3% of total deposits, while approximately $3.7 billion of the Company's total deposits were uninsured deposits. In addition to insured deposits, there were deposits with a balance totaling $820.9 million at December 31, 2023 which were collateralized by investment securities such that approximately 71.5% of our total deposits were insured or collateralized at that date. The Company’s deposit portfolio is not concentrated in deposits to any single customer or to a relatively small number of customers. Additionally, management is not aware of any concentrations of deposits to classes of customers or industries that would be similarly affected by economic conditions. The following table presents the counties with the largest share of our deposit base as of December 31, 2023 and 2022. No other market area (as defined by county) comprises more than 5% of our deposit base at the dates presented. Percentage of Total Deposits 2023 2022 Moore County, North Carolina 10.8 % 10.9 % Buncombe County, North Carolina 7.2 % 8.3 % Guilford County, North Carolina 5.0 % 6.0 %

Borrowings and Borrowings Avail

Borrowings and Borrowings Availability	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Borrowings and Borrowings Availability	Borrowings and Borrowings Availability The following tables presents information regarding the Company’s outstanding borrowings at December 31, 2023 (dollars are in thousands) : Description Due Date Call Feature Balance at December 31, Interest Rate FHLB Principal Reducing Credit 6/26/2028 None $ 203 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 31 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 151 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 151 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 315 0.50% fixed FHLB Fixed Rate Credit 1/16/2024 None 80,000 5.59% fixed FHLB Fixed Rate Credit 2/27/2024 None 100,000 5.61% fixed FHLB Fixed Rate Credit 3/20/2024 None 100,000 5.61% fixed FRB Bank Term Funding Program 12/20/2024 None 224,000 4.85% fixed FRB Bank Term Funding Program 12/27/2024 None 25,000 4.83% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.30% at 12/31/23 adjustable rate 3 month CME Term SOFR + 2.91% Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.40% at 12/31/23 adjustable rate 3 month CME Term SOFR + 3.01% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 7.78% at 12/31/23 adjustable rate 3 month CME Term SOFR + 2.41% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 7.66% at 12/31/23 adjustable rate 3 month CME Term SOFR +2.00% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 7.04% at 12/31/23 adjustable rate 3 month CME Term SOFR + 1.65% Trust Preferred Securities 6/23/2036 Quarterly by Company beginning 6/23/2011 8,248 7.47% at 12/31/23 adjustable rate 3 month CME Term SOFR + 2.11% Subordinated Debentures 11/30/2028 Continuous by Company beginning 11/30/2023 10,000 9.09% at 12/31/23 adjustable rate 3 month CME Term SOFR + 3.69% Subordinated Debentures 11/15/2030 Continuous by Company beginning 11/15/2025 18,000 4.38% fixed Total borrowings / weighted average rate as of December 31, 2023 635,175 5.57% Unamortized discount on acquired borrowings (5,017) Total borrowings $ 630,158 The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022 (dollars are in thousands) : Description Due date Call Feature Balance at December 31, Interest Rate FHLB Principal Reducing Credit 7/24/2023 None $ 32 1.00% fixed FHLB Principal Reducing Credit 12/22/2023 None 912 1.25% fixed FHLB Principal Reducing Credit 6/26/2028 None 214 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 38 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 158 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 159 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 329 0.50% fixed FHLB Fixed Rate Credit 1/9/2023 None 50,000 4.15% fixed FHLB Fixed Rate Credit 2/1/2023 None 80,000 4.25% fixed FHLB Fixed Rate Credit 2/9/2023 None 50,000 4.35% fixed FHLB Daily Rate Credit 8/23/2023 None 40,000 4.57% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 7.06% at 12/31/22 adjustable rate 3 month LIBOR +2.65% Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 7.16% at 12/31/22 adjustable rate 3 month LIBOR +2.75% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 6.08% at 12/31/22 adjustable rate 3 month LIBOR + 2.00% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39% Total borrowings / weighted average rate as of December 31, 2022 290,918 4.82% Unamortized discount on acquired borrowings (3,411) Total borrowings $ 287,507 All outstanding FHLB and FRB borrowings may be accelerated immediately by the FHLB and FRB, respectively, in certain circumstances, including material adverse changes in the condition of the Company or if the Company’s qualifying collateral amounts to less than that required under the terms of the borrowing agreement. In the above tables, at December 31, 2023, short-term borrowings (original maturity terms of less than twelve months) totaled $529.0 million and had a weighted average interest rate of 5.25%. At December 31, 2022, short-term borrowings totaled $220.9 million and had a weighted average interest rate of 4.30% . Trust Preferred Securities in the above tables are borrowings structured as trust preferred capital securities which were issued by various unconsolidated subsidiaries of the Company as discussed in Note 1. These unsecured debt securities qualify as Tier I capital for capital adequacy requirements. The Subordinated Debentures in the tables above are borrowings issued by GrandSouth and acquired by the Company on January 1, 2023. These unsecured debt securities qualify as Tier II capital for capital adequacy requirements. At December 31, 2023, the Company had several sources of readily available borrowing capacity: • A $1.3 billion line of credit with the FHLB that can be structured as either short-term or long-term borrowings, depending on the particular funding or liquidity needs. As of December 31, 2023, the line of credit is secured by a blanket lien on portions of the Company's real estate loan portfolio totaling approximately $2.3 billion and the Company's FHLB stock totaling $21.7 million. $280.9 million was outstanding on the line of credit at December 31, 2023 and $221.8 million was outstanding at December 31, 2022; • A total of $265.0 million federal funds lines of credit with correspondent banks which allow the Company to purchase federal funds on an overnight, unsecured basis. None was outstanding at December 31, 2023 or 2022; • A $294.1 million line of credit through the Federal Reserve's Bank Term Funding Program, secured by specific investment securities, with $249.0 million outstanding at December 31, 2023; and • An approximately $561.6 million line of credit through the Federal Reserve's discount window borrowing program, which was secured at December 31, 2023 by a blanket lien on a portion of the Company’s commercial and consumer loan portfolios (excluding real estate collateral) totaling approximately$330.9 million and specific investment securities with a carrying value of $710.2 million. None was outstanding at December 31, 2023 or 2022, respectively. At December 31, 2023, the contractual maturities of borrowings were as follows for the years ending: ($ in thousands) FHLB Principal Reducing Credit FHLB Fixed Rate Credit FRB Bank Term Funding Program Trust Preferred Securities Subordinated Debentures Total 2024 $ — 280,000 249,000 — — 529,000 2025 — — — — — — 2026 — — — — — — 2027 — — — — — — 2028 851 — — — 10,000 10,851 Thereafter — — — 77,324 18,000 95,324 Total $ 851 280,000 249,000 77,324 28,000 635,175 Unamortized discount on acquired borrowings (5,017) Total borrowings 630,158

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Lessee Disclosure [Abstract]
Leases	Leases The Company enters into leases in the normal course of business. As of December 31, 2023, the Company leased 17 branch offices for which the land and buildings are leased and ten branch offices for which the land is leased but the building is owned. The Company also leases office space for several operational departments. All of the Company’s leases are operating leases and the lease agreements have maturity dates ranging from January 2024 through May 2076, some of which include options for multiple five Leases are classified as either operating or finance leases at the lease commencement date, and as previously noted, all of the Company's leases have been determined to be operating leases. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease term. Right-of-use assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent the Company's obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company uses its incremental borrowing rate, based on for a fully collateralized loan with a maturity similar to the lease term, at lease commencement to calculate the present value of lease payments when the rate implicit in the lease is not known. The weighted average discount rate for leases was 3.19% and 2.97% as of December 31, 2023 and 2022, respectively. The right-of-use assets and lease liabilities were $17.1 million and $17.8 million as of December 31, 2023, respectively, and were $18.7 million and $19.4 million as of December 31, 2022, respectively. Total operating lease expense charged to operations under all operating lease agreements was $3.1 million in 2023, $2.9 million in 2022, and $2.6 million in 2021. These expenses are recorded within noninterest expense in the "Equipment related expenses" line on the consolidated statements of income. Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2023 for each of the five calendar years ending December 31, 2028 are as follows: ($ in thousands) 2024 $ 2,446 2025 1,914 2026 1,633 2027 1,359 2028 1,267 Thereafter 17,222 Total undiscounted lease payments 25,841 Less effect of discounting (8,008) Present value of estimated lease payments (lease liability) $ 17,833

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans 401(k) Plan The Company sponsors a retirement savings plan pursuant to Section 401(k) of the Internal Revenue Code ("IRC"). New employees who have met the age requirement are automatically enrolled in the plan at a 6% deferral rate. The automatic deferral can be modified by the employee at any time. An eligible employee may contribute up to 15% of annual salary to the plan, not to exceed IRC limits. For each of the years ended December 31, 2023, 2022, and 2021, the Company matched 100% of the employee’s contribution up to 6%. The Company’s matching contribution expense was $6.1 million, $4.9 million, and $4.3 million for the years ended December 31, 2023, 2022, and 2021, respectively. Although discretionary contributions by the Company are permitted by the plan, the Company did not make any such contributions in the years presented. The Company’s matching and discretionary contributions are made according to the same investment elections each participant has established for their deferral contributions. Pension Plan Historically, the Company offered a noncontributory defined benefit retirement plan (the “Pension Plan”) that qualified under Section 401(a) of the IRC. The Pension Plan provided for a monthly payment, at normal retirement age of 65, equal to one-twelfth of the sum of (i) 0.75% of Final Average Annual Compensation (five highest consecutive calendar years’ earnings out of the last ten years of employment) multiplied by the employee’s years of service not in excess of 40 years, and (ii) 0.65% of Final Average Annual Compensation in excess of the average social security wage base multiplied by years of service not in excess of 35 years. Benefits were fully vested after five years of service. Effective December 31, 2012, the Company froze the Pension Plan for all participants and has not made any contributions to the Pension Plan in any year presented. In March 2023, the Company’s Board of Directors (the "Board") approved a resolution to terminate the Pension Plan. During the second quarter of 2023, the Company commenced the Pension Plan termination process and on July 31, 2023, the Pension Plan was amended to terminate it as of that date. During the fourth quarter of 2023, the Pension Plan settled benefits through lump-sum payments of approximately $9.2 million to eligible participants electing that option and purchased annuity contracts from One America (the "Insurer") which irrevocably transferred to the Insurer approximately $19.5 million of the Pension Plan's obligations and related assets, thereby reducing the Pension Plan's obligations at December 31, 2023 to zero. The Insurer will administer all future payments to remaining participants of the Pension Plan. The Pension Plan's net funded position was sufficient to cover the lump sum payments and the purchase of the annuity contract, settling all benefit obligations with no additional funding required. As a result of this transaction, the Company recognized a one-time, non-cash pension settlement charge of $1.0 million. After the settlement of the benefit obligations and payment of expenses, the Company had excess assets in the Pension Plan of approximately $2.5 million. The Company has elected to utilize the remaining surplus after payment of final administrative expenses for future contributions under the Company’s 401(k) plan. The assets will be held in the Pension Plan trust account until the contributions are made and are included in "Other assets" on the consolidated balance sheets. Prior to the termination of the Pension Plan, the investment objective was to ensure that there were sufficient assets to fund regular pension benefits payable to employees over the long-term life of the plan. Plan assets were allocated in a manner to closely duration-match the actuarial projected cash flows of the plan liabilities. In 2018, the Pension Plan adopted a liability-driven investment strategy to help meet the objectives. This strategy employed a structured fixed-income portfolio designed to reduce volatility in the Pension Plan’s future funding requirements and funding status. This was accomplished by using a blend of high quality corporate and government fixed-income securities, with both intermediate and long-term durations. The following table reconciles the beginning and ending balances of the Pension Plan’s benefit obligation, as computed by the Company with assistance from its independent actuarial consultants, and its plan assets, with the difference between the two amounts representing the funded status of the Pension Plan as of the end of the respective year. ($ in thousands) 2023 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 30,611 41,657 44,750 Service cost — — — Interest cost 1,451 1,043 981 Actuarial gain (1,470) (10,286) (2,041) Benefits paid, including lump sums (11,135) (1,803) (2,033) Transfer to insurer (19,457) — — Accumulated benefit obligation at end of year — 30,611 41,657 Change in plan assets Plan assets at beginning of year 33,655 44,904 48,167 Actual return on plan assets (547) (9,446) (1,230) Employer contributions — — — Benefits paid, including lump sums (11,135) (1,803) (2,033) Transfer to insurer (19,457) — — Plan assets at end of year 2,517 33,655 44,904 Funded status at end of year (1) $ 2,517 3,044 3,247 (1) - As of December 31, 2023, the Pension Plan was terminated and surplus assets were held in the Pension Plan's trust account until deployed as contributions to the Company's 401(k) Plan in 2024 and 2025. The following table presents information regarding the amounts recognized in accumulated other comprehensive income (loss) (“AOCI”) at December 31, 2023 and 2022, as it relates to the Pension Plan. ($ in thousands) 2023 2022 Net actuarial loss $ — (1,497) Prior service cost — — Amount recognized in AOCI before tax effect — (1,497) Tax benefit — 344 Net amount recognized as decrease to AOCI $ — (1,153) The following table reconciles the beginning and ending balances of AOCI at December 31, 2023 and 2022, as it relates to the Pension Plan: ($ in thousands) 2023 2022 Accumulated other comprehensive loss at beginning of fiscal year $ (1,153) (1,110) Net loss arising during period (693) (312) Recognition of net actuarial loss due to plan settlement 998 — Amortization of net unrecognized actuarial loss 1,192 256 Tax (benefit) expense of changes during the year, net (344) 13 Accumulated other comprehensive loss at end of fiscal year $ — (1,153) The following table reconciles the beginning and ending balances of the prepaid pension cost related to the Pension Plan for the periods presented. As noted above, there are no remaining obligations of the Pension Plan and assets at December 31, 2023 represent the surplus cash held in the Pension Plan's trust account for contributions to be made to the Company's 401(k) plan during 2024 and 2025. ($ in thousands) 2023 2022 Prepaid pension cost as of beginning of fiscal year $ 4,542 4,689 Net periodic pension cost for fiscal year (2,025) (147) Actual employer contributions — — Prepaid pension asset as of end of fiscal year $ 2,517 4,542 Net pension cost for the Pension Plan included the following components for the years ended December 31, 2023, 2022, and 2021: ($ in thousands) 2023 2022 2021 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 1,451 1,043 981 Expected return on plan assets (1,616) (1,152) (1,059) Net amortization and deferral 1,192 256 577 Recognized settlement loss 998 — — Net periodic pension cost $ 2,025 147 499 The components of net periodic benefit cost other than the service cost component are included in the line item "Other operating expenses" in the consolidated statements of income. The following assumptions were used in determining the actuarial information for the Pension Plan for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Discount rate used to determine net periodic pension cost 4.94% 2.62% 2.24% Expected long-term rate of return on assets 4.94% 2.62% 2.24% Discount rate used to calculate end of year liability disclosures (1) n/a 4.94% 2.62% (1) - As of December 31, 2023, there were no Pension Plan obligations or liabilities. The Company’s discount rate policy for the Pension Plan is based on a calculation of the Company’s expected pension payments, with those payments discounted using the FTSE yield curve (formerly called the Citigroup Pension Index yield curve) that matches the specific expected cash flows of the Pension Plan. As noted above, the remaining assets in the Pension Plan's trust account at December 31, 2023 represent the surplus cash held for contributions to be made to the Company's 401(k) plan during 2024 and 2025. The cash balance is held in an interest-bearing money market accounts and is considered a Level 1 fair value asset. The Pension Plan assets at December 31, 2022 included $194.0 thousand of cash and cash equivalents which consisted of interest-bearing money market accounts and is considered a Level 1 fair value asset. The Pension Plans' Level 2 assets totaled $33.5 million and consisted of fixed income commingled funds that primarily include investments in U.S. government securities and corporate bonds. The commingled funds are valued at the net asset value ("NAV") for the units in the fund. The NAV, as provided by the Trustee, is used as practical expedient to estimate fair value. The NAV is based on the fair value of the underlying investments held by the fund. Supplemental Executive Retirement Plan Historically, the Company sponsored a Supplemental Executive Retirement Plan (the “SERP”) for the benefit of certain senior management executives of the Company. The purpose of the SERP was to provide additional monthly pension benefits to ensure that each such senior management executive would receive lifetime monthly pension benefits equal to 3% of his or her final average compensation multiplied by his or her years of service (maximum of 20 years) to the Company or its subsidiaries, subject to a maximum of 60% of his or her final average compensation. The amount of a participant’s monthly SERP benefit is reduced by (i) the amount payable under the Company’s Pension Plan (described above), and (ii) 50% of the participant’s primary social security benefit. Final average compensation means the average of the five highest consecutive calendar years of earnings during the last ten years of service prior to termination of employment. The SERP is an unfunded plan. Payments are made from the general assets of the Company. Effective December 31, 2012, the Company froze the SERP to all participants. The following table reconciles the beginning and ending balances of the SERP’s benefit obligation, as computed by the Company’s independent actuarial consultants: ($ in thousands) 2023 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 3,521 4,660 5,982 Service cost — — — Interest cost 158 112 119 Actuarial gain (86) (1,006) (1,119) Benefits paid (241) (245) (322) Accumulated benefit obligation at end of year 3,352 3,521 4,660 Plan assets — — — Funded status at end of year $ (3,352) (3,521) (4,660) The accumulated benefit obligation presented above is included in "Other liabilities" in the consolidated balance sheets at December 31, 2023 and 2022. The following table presents information regarding the amounts recognized in AOCI at December 31, 2023 and 2022, as it relates to the SERP: ($ in thousands) 2023 2022 Net (loss) gain $ (100) 1,551 Prior service cost — — Amount recognized in AOCI before tax effect (100) 1,551 Tax benefit (expense) 23 (356) Net amount recognized as (decrease) increase to AOCI $ (77) 1,195 The following table reconciles the beginning and ending balances of AOCI at December 31, 2023 and 2022, as it relates to the SERP: ($ in thousands) 2023 2022 Accumulated other comprehensive income at beginning of fiscal year $ 1,195 838 Net gain arising during period 86 1,007 Prior service cost — — Amortization of unrecognized actuarial loss (1,737) (544) Tax benefit (expense) related to changes during the year, net 379 (106) Accumulated other comprehensive (loss) income at end of fiscal year $ (77) 1,195 The following table reconciles the beginning and ending balances of the prepaid pension cost related to the SERP: ($ in thousands) 2023 2022 Accrued liability as of beginning of fiscal year $ (5,071) (5,748) Net periodic pension cost for fiscal year 1,579 432 Benefits paid 241 245 Accrued liability as of end of fiscal year $ (3,251) (5,071) Net pension cost for the SERP included the following components for the years ended December 31, 2023, 2022, and 2021: ($ in thousands) 2023 2022 2021 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 158 112 119 Amortization of net actuarial (loss) gain (1,737) (544) 15 Net periodic pension cost $ (1,579) (432) 134 The components of net periodic benefit cost other than the service cost component are included in the line item "Other operating expenses" in the consolidated statements of income. The following table is an estimate of the benefits that will be paid in accordance with the SERP for each of the five calendar years ending December 31, 2027 and thereafter: ($ in thousands) Estimated 2024 $ 240 2025 278 2026 280 2027 298 2028 288 2029-2033 1,322 The following assumptions were used in determining the actuarial information for the SERP for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Discount rate used to determine net periodic pension cost 4.90 % 2.48 % 2.04 % Discount rate used to calculate end of year liability disclosures 4.68 % 4.90 % 2.48 % The Company’s discount rate policy for the SERP is to use the FTSE yield curve that matches the expected cash flows of the SERP.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, there are various outstanding commitments to extend credit that are not reflected in the financial statements. The same credit policies are used to make such commitments as are used for loans, including obtaining collateral at exercise of the commitment. Commitments may expire without being used. The following table presents the Company’s outstanding loan commitments, including credit cards, at December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 ($ in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Loan commitments $ 442,916 179,934 622,850 681,486 211,071 892,557 Unused lines of credit 407,521 1,417,250 1,824,771 273,244 1,194,575 1,467,819 Total $ 850,437 1,597,184 2,447,621 954,730 1,405,646 2,360,376 In addition to loan commitments, at December 31, 2023 and 2022, the Company had $20.6 million and $20.2 million, respectively, in standby letters of credit outstanding. The Company has no carrying amount for these standby letters of credit at either of those dates. The nature of the standby letters of credit is a stand-alone obligation made on behalf of the Company’s customers to suppliers of the customers to guarantee payments owed to the supplier by the customer. The standby letters of credit are generally for terms for one year, at which time they may be renewed for another year if both parties agree. The Company maintains an allowance for unfunded loan commitments which is included in "Other liabilities" in the consolidated balance sheets. The allowance for unfunded loan commitments is determined as part of the quarterly ACL analysis. The Company also periodically invests in limited partnerships and LLCs primarily for the purposes of fulfilling CRA requirements and obtaining tax credits. As of December 31, 2023, the Company had a remaining funding commitments of $26.3 million related to these investments. The Company, in the normal course of business, may be subject to various pending and threatened lawsuits in which claims for monetary damages are asserted. The Company is not involved in any legal proceedings which, in management’s opinion, could have a material effect on the consolidated financial position of the Company.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities In the normal course of business, the Company is exposed to certain risk arising from both its business operations and economic conditions. As an element of its risk management strategies, the Company may enter into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. To accommodate customers, the Company may enter into interest rate swaps with certain commercial loan customers, with offsetting positions to dealers under a back-to-back swap program. At December 31, 2023, the Company's derivative financial instruments consist entirely of customer back-to-back interest rate swaps which are not designated as hedges. Under this program, the Company executes interest rate swaps with commercial banking customers to facilitate their risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate derivatives associated with this program are not designated as hedging instruments, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. The Company's derivative instruments are carried at fair value and included in "Other assets" for derivatives with positive fair values and "Other liabilities" for derivatives with negative fair values on the consolidated balance sheets. The table below presents the fair value of Company’s derivative financial instruments as of the date indicated. As of December 31, 2023 Fair Value ($ in thousands) Notional Amount Derivative Assets Derivative Liabilities Derivatives not designated as hedging instruments: Customer interest rate contracts $ 13,000 $ 295 — Offsetting counterparty interest rate contracts 13,000 — 349 Total derivatives not designated as hedging instruments $ 295 349 The table below presents the gains and losses recognized in income related to derivative financial instruments that are not designated as hedging instruments. Gains and losses on interest rate swap undesignated hedges are included in "Other gains, net" on the consolidated statements of income for the date indicated. Gains (Losses) ($ in thousands) Year Ended December 31, 2023 Customer interest rate swaps and counterparty offsets $ (54) Total $ (54) The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of December 31, 2023. The Company’s interest rate swaps are subject to master netting arrangements between the Company and its counterparties, however, the Company has not made a policy election to offset its derivative positions. The interest rate swaps with borrowers are cross collateralized with the underlying loan and, therefore, there is no posted collateral. Interest rate swap agreements with third-party counterparties contain provisions that require the Company to post collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position. As of December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Interest rate swaps $ 295 — 295 — — 295 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Liabilities presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Financial Instruments Cash Collateral Posted Net Amount Interest rate swaps $ 349 — 349 — 330 19 The commitments to originate residential mortgage loans and forward loan sales commitments are freestanding derivative instruments which were immaterial at December 31, 2023 and 2022. Credit-risk-related Contingent Features The Company's agreements with its derivative counterparties contain a provision where if either party defaults on any of its indebtedness, then it could also be declared in default on its derivative obligations. The agreements with derivative counterparties also include provisions that if not met, could result in the Company being declared in default on its derivative obligations, including if repayment of the underlying indebtedness is accelerated by the lender due to the Company's default on the indebtedness. The Company has provisions in its derivative counterparty agreement providing that if the Company fails to maintain its status as a well-capitalized institution or is subject to a prompt corrective action directive, the counterparty could terminate the derivative positions and the Company would be required to settle its obligations under the agreements.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal and most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other 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. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2023. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring Securities available for sale: US Treasury securities $ 172,570 — 172,570 — Government-sponsored enterprise securities 60,266 — 60,266 — Mortgage-backed securities 1,937,784 — 1,937,784 — Corporate bonds 18,759 — 18,759 — Total available for sale securities 2,189,379 — 2,189,379 — Derivative financial assets 295 — 295 — Presold mortgages in process of settlement 2,667 — 2,667 — Derivative financial liabilities 349 — 349 — Nonrecurring Individually evaluated loans 1,953 — — 1,953 The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2022. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring Securities available for sale: US Treasury securities $ 168,758 — 168,758 — Government-sponsored enterprise securities 57,456 — 57,456 — Mortgage-backed securities 2,045,000 — 2,045,000 — Corporate bonds 43,279 — 43,279 — Total available for sale securities 2,314,493 — 2,314,493 — Presold Mortgages in process of settlement 1,282 — 1,282 — Nonrecurring Impaired loans 9,590 — — 9,590 Foreclosed real estate 38 — — 38 The following is a description of the valuation methodologies used for instruments measured at fair value. Securities Available for Sale — When quoted market prices are available in an active market, the securities are classified as Level 1 in the valuation hierarchy. If quoted market prices are not available, but fair values can be estimated by observing quoted prices of securities with similar characteristics, the securities are classified as Level 2 on the valuation hierarchy. Most of the fair values for the Company’s Level 2 securities are determined by the Company's third-party bond accounting provider using matrix pricing. Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities. For the Company, Level 2 securities include mortgage-backed securities, commercial mortgage-backed obligations, government-sponsored enterprise securities, and corporate bonds. In cases where Level 1 or Level 2 inputs are not available, securities may be classified within Level 3 of the hierarchy. The Company reviews the pricing methodologies utilized by the bond accounting provider to ensure the fair value determination is consistent with the applicable accounting guidance and that the investments are properly classified in the fair value hierarchy. Presold Mortgages in Process of Settlemen t - The fair value is based on the committed price that an investor has agreed to pay for the loan which is considered a Level 2 input. Derivative financial assets and liabilities - The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. These are considered a Level 2 input. Individually evaluated loans — Fair values for individually evaluated loans are measured on a non-recurring basis and are based on the underlying collateral values securing the loans, adjusted for estimated selling costs, or the net present value of the cash flows expected to be received for such loans. Collateral may be in the form of real estate or business assets including equipment, inventory and accounts receivable. The vast majority of the collateral is real estate. The value of real estate collateral is generally determined by third-party appraisers using an income or market valuation approach based on an appraisal conducted by an independent, licensed third party appraiser (Level 3). The value of business equipment is based upon an outside appraisal if deemed significant, or the net book value on the applicable borrower’s financial statements if not considered significant. Likewise, values for inventory and accounts receivable collateral are based on borrower financial statement balances or aging reports on a discounted basis as appropriate (Level 3). Appraisals used in this analysis are generally obtained at least annually based on when the loans first became impaired, and thus the appraisals are not necessarily as of the period ends presented. Any fair value adjustments are recorded in the period incurred as provision for credit losses on the consolidated statements of income. Foreclosed real estate – Foreclosed real estate, consisting of properties obtained through foreclosure or in satisfaction of loans, is reported at the lower of cost or fair value. Fair value is measured on a non-recurring basis and is based upon independent market prices or current appraisals that are generally prepared using an income or market valuation approach and conducted by an independent, licensed third party appraiser, adjusted for estimated selling costs (Level 3). Appraisals used in this analysis are generally obtained at least annually based on when the assets were acquired, and thus the appraisals are not necessarily as of the period ends presented. At the time of foreclosure, any excess of the loan balance over the fair value of the real estate held as collateral is treated as a charge against the ACL. For any real estate valuations subsequent to foreclosure, any excess of the real estate recorded value over the fair value of the real estate is treated as a foreclosed real estate write-down on the consolidated statements of income. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2023, the significant unobservable inputs used in the fair value measurements were as presented in the tables below. ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 1,953 Appraised value Discounts applied for estimated costs to sell 10% For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 5,680 Appraised value Discounts applied for estimated costs to sell 10% Individually evaluated loans - valued at PV of expected cash flows 3,910 PV of expected cash flows Discount rates used in the calculation of PV of expected cash flows 5.5% - 11.1% (6.76%) Foreclosed real estate 38 Appraised value Discounts applied for estimated costs to sell 10% In the above tables, weighted average discounts were calculated on relative fair value for underlying loans based on the range of discount rates applied. The discount applied for estimated costs to sell collateral on individually evaluated loans was 10%. The carrying amounts and estimated fair values of financial instruments not carried at fair value as of December 31, 2023 and 2022 are as follows: December 31, 2023 December 31, 2022 Level in Carrying Estimated Carrying Estimated Cash and due from banks, noninterest-bearing Level 1 $ 100,891 100,891 101,133 101,133 Due from banks, interest-bearing Level 1 136,964 136,964 169,185 169,185 Securities held to maturity Level 2 533,678 449,623 541,700 432,528 Total loans, net of allowance Level 3 8,040,249 7,379,079 6,574,178 6,240,870 Accrued interest receivable Level 1 37,351 37,351 29,710 29,710 Bank-owned life insurance Level 1 183,897 183,897 164,592 164,592 SBA servicing asset Level 3 3,351 4,049 4,004 4,721 Demand deposits, money market and savings Level 1 9,052,905 9,052,905 8,224,956 8,224,956 Time deposits Level 2 978,694 972,513 1,002,573 993,989 Borrowings Level 2 630,158 615,614 287,507 277,146 Accrued interest payable Level 1 5,699 5,699 2,738 2,738 Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no highly liquid market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Significant assets and liabilities that are not considered financial assets or liabilities include net premises and equipment, intangible and other assets such as deferred income taxes, prepaid expense accounts, income taxes currently payable, and other various accrued expenses. In addition, the income tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in any of the estimates.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recorded total stock-based compensation expense of $4.6 million, $3.0 million, and $2.3 million for the years ended December 31, 2023, 2022, and 2021, respectively, include in "Total personnel expense" on the accompanying consolidated statements of income. The Company recognized $1.1 million, $0.7 million, and $0.5 million of income tax benefits related to stock-based compensation expense in its income statement for the years ended December 31, 2023, 2022, and 2021, respectively. At December 31, 2023, the sole equity-based compensation plan for the Company is the First Bancorp 2014 Equity Plan (the "Equity Plan"), which was approved by shareholders on May 8, 2014. As of December 31, 2023, the Equity Plan had 205,498 shares remaining available for grant. The Equity Plan is intended to serve as a means to attract, retain, and motivate key employees and directors and to associate the interests of the Plan's participants with those of the Company and its shareholders. The Equity Plan allows for both grants of stock options and other types of equity-based compensation, including stock appreciation rights, restricted and unrestricted stock, restricted performance stock, and performance units. For the last several years, the only equity-based compensation granted by the Company has been shares of restricted stock, as it relates to employees, and unrestricted stock as it relates to non-employee directors. Recent restricted stock awards to employees typically include service-related vesting conditions only. Compensation expense for these grants is recorded over the requisite service periods. Upon forfeiture, any previously recognized compensation cost is reversed. Upon a change in control (as defined in the Equity Plan), unless the awards remain outstanding or substitute equivalent awards are provided, the awards become immediately vested. Certain of the Company’s equity grants contain terms that provide for a graded vesting schedule whereby portions of the award vest in increments over the requisite service period. The Company recognizes compensation expense for awards with graded vesting schedules on a straight-line basis over the requisite service period for each incremental award. Compensation expense is based on the estimated number of stock awards that will ultimately vest. Over the past five years, there have been insignificant amounts of forfeitures, and therefore the Company assumes that all awards granted with service conditions will vest. The Company recognizes forfeitures as they occur. In addition to employee equity awards, the Company's practice is to grant unrestricted common shares to each non-employee director (currently 14 in total) in June of each year. These grants were each valued at approximately $37,500 in 2023 and $32,000 in 2022. Compensation expense associated with these director awards is recognized on the date of the award since there are no vesting conditions. On June 1, 2023, the Company granted 17,094 shares of common stock to non-employee directors (1,221 shares per director), at a fair market value of $30.69 per share, which was the closing price of the Company’s common stock on that date, which resulted in $525,000 in expense. On June 1, 2022, the Company granted 10,344 shares of common stock to non-employee directors (862 shares per director), at a fair market value of $37.12 per share, which was the closing price of the Company’s common stock on that date, which resulted in $384,000 in expense. The expense associated with director grants is classified as "Other operating expense" in the consolidated statements of income. The following table presents information regarding the activity during 2021, 2022, and 2023 related to the Company’s outstanding restricted stock: Long-Term Restricted Stock Shares Weighted Average Grant Date Fair Value Nonvested at January 1, 2021 172,105 $ 33.80 Granted during the period 104,414 40.56 Vested during the period (63,369) 39.82 Forfeited or expired during the period (6,819) 37.32 Nonvested at December 31, 2021 206,331 35.25 Granted during the period 95,960 38.09 Vested during the period (70,110) 36.69 Forfeited or expired during the period (9,169) 32.62 Nonvested at December 31, 2022 223,012 36.14 Granted during the period 143,380 37.08 Vested during the period (74,310) 29.43 Forfeited or expired during the period (791) 37.88 Nonvested at December 31, 2023 291,291 38.01 The total fair value of shares vested during 2023, 2022 and 2021 was $2.2 million, $2.6 million and $2.5 million, respectively. Total unrecognized compensation expense as of December 31, 2023 amounted to $5.0 million with a weighted average remaining term of 1.8 years. The Company expects to record $3.3 million of compensation expense in the next twelve months related to these nonvested awards that are outstanding at December 31, 2023. As discussed in Note 2, in conjunction with the GrandSouth acquisition, GrandSouth common stock options outstanding at January 1, 2023 became fully vested under the change in control provisions in the GrandSouth option plans and were converted into replacement options to acquire 0.91 shares of the Company's common stock. The Company issues new shares of common stock when options are exercised. Stock option activity and related information is presented below as of and for the periods indicated: Options Outstanding Number of Weighted- Weighted- Aggregate Balance at January 1, 2023 — — Replacement options issued in conjunction with acquisition of GrandSouth 542,345 20.14 Exercised during the period (236,760) 19.09 Forfeited or expired during the period — — Outstanding at December 31, 2023 305,585 20.95 5.74 $ 4,907 Exercisable at December 31, 2023 305,585 20.95 5.74 $ 4,907 Stock options outstanding are summarized as follows as of December 31, 2023: Shares Range Weighted Average Price Weighted Average Remaining Life in Years 77,857 $13.79 - 18.18 15.69 3.51 120,500 $18.19 18.19 5.48 107,228 $18.20 - 31.32 27.88 7.64 305,585 20.95 5.74 The fair value of the replacement options issued in conjunction with the GrandSouth acquisition as of January 1, 2023 was measured using the Black-Scholes option pricing model. The following table illustrates the assumptions for the Black-Scholes model used in determining the fair value of options granted: For the twelve months ended December 31, 2023 Fair value per option, weighted average $ 24.85 Expected life (years) 1.4 - 4.7 Expected stock price volatility, weighted average 46.39 % Expected dividend yield 2.05 % Risk-free interest rate, weighted average 4.18 % Expected forfeiture rate — % The expected life is based on historical exercises and forfeitures experience of the grantees. The volatility is based on historical price volatility. The risk-free interest rate is based on a U.S. Treasury instrument with a life that is similar to the expected life of the option grant. At December 31, 2023, the Company had no unrecognized compensation expense related to stock options. All unexercised options expire ten years after the applicable original grant dates under the GrandSouth stock option plan.

Regulatory Restrictions

Regulatory Restrictions	12 Months Ended
	Dec. 31, 2023
Regulatory Restrictions [Abstract]
Regulatory Restrictions	Regulatory Restrictions The Company is regulated by the Federal Reserve and is subject to securities registration and public reporting regulations of the Securities and Exchange Commission. The Bank is regulated by the Federal Reserve and the North Carolina Commissioner of Banks. The primary source of funds for the payment of dividends by the Company is dividends received from its subsidiary, the Bank. The Bank, as a North Carolina banking corporation, may declare dividends so long as such dividends do not reduce its capital below its applicable required capital (typically, the level of capital required to be deemed “adequately capitalized”). As of December 31, 2023, approximately $1.1 billion of the Company’s investment in the Bank was restricted as to transfer to the Company without obtaining prior regulatory approval. There was no average reserve balance requirement under the requirements of the Federal Reserve at December 31, 2023. The Company and the Bank must comply with regulatory capital requirements established by the Federal Reserve. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Company’s and the Bank’s respective regulatory capital ratios as of December 31, 2023 and 2022, along with the minimum amounts required for capital adequacy purposes and to be well capitalized under prompt corrective action in effect at such times are presented below. There are no conditions or events since year-end that management believes have changed the Company’s or the Bank's classification. Actual Fully Phased-In Regulatory To Be Well Capitalized ($ in thousands) Amount Ratio Amount Ratio Amount Ratio (must equal or exceed) (must equal or exceed) As of December 31, 2023 Common Equity Tier I Capital Ratio Company $ 1,187,027 13.20 % 629,376 7.00 % N/A N/A Bank 1,291,074 14.36 % 629,256 7.00 % 584,309 6.50 % Total Capital Ratio Company 1,397,502 15.54 % 944,064 10.50 % N/A N/A Bank 1,403,551 15.61 % 943,884 10.50 % 898,938 10.00 % Tier I Capital Ratio Company 1,257,834 13.99 % 764,242 8.50 % N/A N/A Bank 1,291,074 14.36 % 764,097 8.50 % 719,150 8.00 % Leverage Ratio Company 1,257,834 10.91 % 461,312 4.00 % N/A N/A Bank 1,291,074 11.20 % 461,248 4.00 % 576,560 5.00 % As of December 31, 2022 Common Equity Tier I Capital Ratio Company $ 1,010,369 13.02 % 543,403 7.00 % N/A N/A Bank 1,077,526 13.88 % 543,301 7.00 % 504,494 6.50 % Total Capital Ratio Company 1,171,084 15.09 % 815,104 10.50 % N/A N/A Bank 1,174,634 15.13 % 814,951 10.50 % 776,144 10.00 % Tier I Capital Ratio Company 1,073,958 13.83 % 659,846 8.50 % N/A N/A Bank 1,077,526 13.88 % 659,723 8.50 % 620,915 8.00 % Leverage Ratio Company 1,073,958 10.51 % 408,623 4.00 % N/A N/A Bank 1,077,526 10.55 % 408,569 4.00 % 510,712 5.00 %

Supplementary Income Statement

Supplementary Income Statement Information	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Supplementary Income Statement Information	Supplementary Income Statement Information Components of other noninterest income or noninterest expense exceeding 1% of total revenue for any of the years ended December 31, 2023, 2022, and 2021 are as follows: ($ in thousands) 2023 2022 2021 Total revenue threshold (1%) $ 5,462 4,089 3,295 Noninterest income: Other service charges, commissions, and fees – interchange fees, net $ 9,319 14,996 17,323 Noninterest expense: Other operating expenses – software costs 8,717 6,064 5,315 Other operating expenses – data processing expense 8,733 7,535 5,959 Other operating expenses – credit card rewards expense 3,841 547 3,431 Other operating expenses – FDIC insurance expense 6,982 2,913 2,332

Condensed Parent Company Inform

Condensed Parent Company Information	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Parent Company Information	Condensed Parent Company Information Condensed financial data for the Company (parent company only) follows: CONDENSED BALANCE SHEETS As of December 31, ($ in thousands) 2023 2022 Assets Cash on deposit with bank subsidiary $ 4,597 5,611 Investment in subsidiaries 1,478,750 1,100,829 Premises and equipment 7 7 Other assets 379 22 Total assets $ 1,483,733 1,106,469 Liabilities and shareholders’ equity Subordinated debt $ 27,177 — Trust preferred securities 73,130 65,665 Other liabilities 11,046 9,208 Total liabilities 111,353 74,873 Shareholders’ equity 1,372,380 1,031,596 Total liabilities and shareholders’ equity $ 1,483,733 1,106,469 CONDENSED STATEMENTS OF INCOME Year Ended December 31, ($ in thousands) 2023 2022 2021 Interest income $ 116 48 24 Dividends from subsidiaries 32,700 17,400 25,300 Total income 32,816 17,448 25,324 Interest expense 7,945 2,926 1,455 Other expenses 2,057 1,693 5,345 Total expense 10,002 4,619 6,800 Income before income taxes and equity in undistributed income of subsidiaries 22,814 12,829 18,524 Income tax benefit (2,076) (960) (1,423) Income before equity in undistributed income of subsidiaries 24,890 13,789 19,947 Equity in undistributed income of subsidiaries 79,241 133,147 75,697 Net income $ 104,131 146,936 95,644 CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, ($ in thousands) 2023 2022 2021 Operating Activities: Net income $ 104,131 146,936 95,644 Equity in undistributed earnings of subsidiaries (79,241) (133,147) (75,697) (Increase) decrease in other assets (604) 4,055 3,924 Increase (decrease) in other liabilities 1,741 642 (859) Net cash provided by operating activities 26,027 18,486 23,012 Investing Activities: Net cash received in acquisitions 4,123 — 7,379 Net cash provided by investing activities 4,123 — 7,379 Financing Activities: Payment of common stock cash dividends (34,940) (30,660) (22,228) Repurchases of common stock — — (4,036) Proceeds from stock option exercises 4,519 — — Stock withheld for payment of taxes (743) (840) (786) Net cash used in financing activities (31,164) (31,500) (27,050) Net (decrease) increase in cash (1,014) (13,014) 3,341 Cash, beginning of year 5,611 18,625 15,284 Cash, end of year $ 4,597 5,611 18,625

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Rabbi Trust Obligations With the acquisition of Carolina Bank in March 2017, the Company assumed a deferred compensation plan structured as a Rabbi Trust for certain members of Carolina Bank’s board of directors that is fully funded by Company common stock, which was valued at $7.7 million on the date of acquisition. Subsequent to this acquisition, approximately $6.8 million of the deferred compensation has been paid to the plan participants. The balances of the related asset and liability were $1.4 million and $1.6 million at December 31, 2023 and December 31, 2022, respectively, both of which are presented as components of shareholders’ equity. Stock Repurchases Pursuant to authorizations by the Company's Board, the Company from time to time has repurchased shares of common stock in private transactions and in open-market purchases. The Company did not repurchase any shares of the Company's common stock during either 2023 or 2022. As of December 31, 2023, there was no share repurchase program in place.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of the income (numerator) and shares (denominator) used in computing Basic and Diluted EPS: For Years Ended December 31, 2023 2022 2021 ($ in thousands except per Income Shares Per Share Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 104,131 $ 146,936 $ 95,644 Less: income allocated to participating securities (685) (779) (483) Basic EPS per common share $ 103,446 40,746,772 $ 2.54 $ 146,157 35,485,620 $ 4.12 $ 95,161 29,876,151 $ 3.19 Diluted EPS: Net income $ 104,131 40,746,772 $ 146,936 35,485,620 $ 95,644 29,876,151 Effect of Dilutive Securities — 418,062 — 189,110 — 151,634 Diluted EPS per common share $ 104,131 41,164,834 $ 2.53 $ 146,936 35,674,730 $ 4.12 $ 95,644 30,027,785 $ 3.19 For the year ended December 31, 2023 ,

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of AOCI for the Company are as follows: ($ in thousands) December 31, December 31, December 31, Unrealized loss on securities available for sale $ (400,720) (444,063) (32,067) Deferred tax asset 92,767 102,046 7,369 Net unrealized loss on securities available for sale (307,953) (342,017) (24,698) Postretirement plans (liability) asset (100) 54 (353) Deferred tax asset (liability) 23 (12) 81 Net postretirement plans (liability) asset (77) 42 (272) Total accumulated other comprehensive loss $ (308,030) (341,975) (24,970) The following table discloses the changes in AOCI for the years ended December 31, 2023, 2022, and 2021 (all amounts are net of tax). ($ in thousands) Unrealized Gain (Loss) on Securities Available for Sale Postretirement Plans (Liability) Asset Total Beginning balance at January 1, 2021 $ 15,749 (1,399) 14,350 Other comprehensive (loss) income before reclassifications (41,400) 671 (40,729) Amounts reclassified from accumulated other comprehensive income 953 456 1,409 Net current-period other comprehensive (loss) income (40,447) 1,127 (39,320) Ending balance at December 31, 2021 (24,698) (272) (24,970) Other comprehensive (loss) income before reclassifications (317,319) 536 (316,783) Amounts reclassified from accumulated other comprehensive income — (222) (222) Net current-period other comprehensive (loss) income (317,319) 314 (317,005) Ending balance at December 31, 2022 (342,017) 42 (341,975) Other comprehensive income (loss) before reclassifications 34,064 (466) 33,598 Amounts reclassified from accumulated other comprehensive income — 347 347 Net current-period other comprehensive income (loss) 34,064 (119) 33,945 Ending balance at December 31, 2023 $ (307,953) (77) (308,030) Amounts reclassified from AOCI for Unrealized Gain (Loss) on Securities AFS represent realized securities gains or losses, net of tax effects. Amounts reclassified from AOCI for Postretirement Plans Asset (Liability) represent amortization of amounts included in AOCI, net of taxes, and are recorded in the "Other operating expenses" line item of the consolidated statements of income.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers All of the Company’s revenues that are in the scope of ASC Topic 606: Revenue from Contracts with Customers (“ASC 606”) are recognized within noninterest income. The following table presents the Company’s sources of noninterest income for years ended December 31, 2023, 2022, and 2021. Items outside the scope of ASC 606 are noted as such. For the Years Ended December 31, ($ in thousands) 2023 2022 2021 Noninterest income in-scope of ASC 606: Service charges on deposit accounts $ 16,800 15,523 12,317 Other service charges, commissions, and fees: Bankcard Interchange income, net 9,319 14,996 17,323 Other service charges and fees 6,405 5,683 4,352 Commissions from sales of insurance and financial products: Insurance income — — 2,725 Wealth management income 5,503 5,195 4,160 SBA consulting fees 1,803 2,608 7,231 Noninterest income (in-scope of ASC 606) 39,830 44,005 48,108 Noninterest income (out-of-scope of ASC 606) 17,660 23,980 25,503 Total noninterest income $ 57,490 67,985 73,611 A description of the Company’s revenue streams accounted for under ASC 606 is detailed below. Service Charges on Deposit Accounts: The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Overdraft fees are recognized at the point in time that the overdraft occurs. Maintenance and activity fees include account maintenance fees and transaction-based fees. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of the month, representing the period over which the Company satisfies the performance obligation. Transaction-based fees, which include services such as ATM usage fees, stop payment charges, statement rendering, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Service charges on deposits are withdrawn from the customer’s account balance. Other service charges, commissions, and fees: The Company earns interchange income on its customers’ debit and credit card usage and earns fees from other services utilized by its customers. "Bankcard interchange income" is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as MasterCard. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Interchange fees are offset with interchange expenses and are presented on a net basis. "Other service charges and fees" includes revenue from processing wire transfers, bill pay service, cashier’s checks, ATM surcharge fees, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Commissions from the sale of insurance and financial products: The Company earns commissions from the sale of wealth management products and also earned commissions from the sale of insurance policies until the sale of First Bank Insurance Services on June 30, 2021. Wealth management income primarily consists of commissions received on financial product sales, such as annuities. The Company’s performance obligation is generally satisfied upon the issuance of the financial product. Shortly after the policy is issued, the carrier remits the commission payment to the Company, and the Company recognizes the revenue. The Company also earns some fees from asset management, which is billed quarterly and due upon billing for services rendered in the most recent period, for which the performance obligation has been satisfied. Insurance income, which was earned by the Company until June 30, 2021, generally consisted of commissions from the sale of insurance policies and performance-based commissions from insurance companies. The Company recognized commission income from the sale of insurance policies when it acted as an agent between the insurance company and the policyholder. The Company’s performance obligation was generally satisfied upon the issuance of the insurance policy and is due upon billing. SBA Consulting fees: The Company earns fees for its consulting services related to the origination of SBA loans. Fees are based on a percentage of the dollar amount of the originated loans and are recorded when the performance obligation has been satisfied and are due upon billing. The Company has made no significant judgments in applying the revenue guidance prescribed in ASC 606 that affect the determination of the amount and timing of revenue from the above-described contracts with customers.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income	$ 104,131	$ 146,936	$ 95,644

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation - The consolidated financial statements include the accounts of First Bancorp (the “Company”) and its wholly owned subsidiary First Bank (the “Bank”). The Bank has three wholly owned subsidiaries that are fully consolidated, SBA Complete, Inc. (“SBA Complete”) Magnolia Financial, Inc. ("Magnolia Financial"), and First Troy SPE, LLC. The Company is a bank holding company. The principal activity of the Company is the ownership and operation of the Bank, a state chartered bank with its main office in Southern Pines, North Carolina. SBA Complete specializes in providing consulting services for financial institutions across the country related to Small Business Administration (“SBA”) loan origination and servicing. Magnolia Financial is a business financing company that makes loans throughout the southeastern United States. First Troy SPE, LLC was formed in order to hold and dispose of certain real estate foreclosed upon by the Bank. The Company is also the parent company for a series of statutory trusts that were formed for the purpose of issuing trust preferred debt securities. The trusts are not consolidated for financial reporting purposes as they are variable interest entities and the Company is not the primary beneficiary. All significant intercompany accounts and transactions have been eliminated. Certain reclassifications have been made to the 2022 and 2021 consolidated financial statements to be comparable to 2023. These reclassifications had no effect on net income. Subsequent events have been evaluated through the date of filing this Annual Report Form 10-K. Use of Estimates – The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. The most significant estimates made by the Company in the preparation of its consolidated financial statements are the determination of the allowance for credit losses on loans, the allowance for unfunded commitments, the accounting and impairment testing related to intangible assets, the fair value determination for acquired assets and liabilities, and the resulting accretion or amortization of purchase accounting premiums or discounts.
Business Combinations	Business Combinations – The Company accounts for business combinations using the acquisition method of accounting. The accounts of an acquired entity are included as of the date of acquisition, and any excess of purchase price over the fair value of the net assets acquired is capitalized as goodwill. Under this method, all identifiable assets acquired, including purchased loans, and liabilities assumed are recorded at fair value. The Company typically issues common stock and/or pays cash for an acquisition, depending on the terms of the acquisition agreement. The value of common shares issued is determined based on the market price of the stock as of the closing of the acquisition.
Cash and Cash Equivalents	Cash and Cash Equivalents - The Company considers all highly liquid assets with original maturities of 90 days or less, such as cash on hand, noninterest-bearing and interest-bearing amounts due from banks and federal funds sold, to be “cash equivalents.”
Securities	Securities - Debt securities that the Company has the positive intent and ability to hold to maturity are classified as “held to maturity” ("HTM") and carried at amortized cost. Debt securities not classified as held to maturity are classified as “available for sale” ("AFS") and carried at fair value, with unrealized holding gains and losses being reported as other comprehensive income or loss and reported as a separate component of shareholders’ equity. Interest income includes amortization of purchase premiums or discounts. Premiums and discounts are generally amortized and accreted into income on a level yield basis, with premiums being amortized to the earliest call date and discounts being accreted to the stated maturity date. Gains and losses on sales of securities are recognized at the time of sale based upon the specific identification method. A debt security is placed on nonaccrual status at the time any principal or interest payments become 90 days delinquent. Interest accrued but not received for a security placed on nonaccrual is reversed against interest income.
Allowance for Credit Losses - Securities Held to Maturity and Securities Available for Sale	Allowance for Credit Losses ("ACL") - Securities Held to Maturity - The Company measures expected credit losses on HTM debt securities on a pooled basis in accordance with Accounting Standards Codification ("ASC") 326 ("CECL"). The estimate of expected credit losses is primarily based on the ratings assigned to the securities by debt rating agencies and the average of the annual historical loss rates associated with those ratings. The Company then multiplies those loss rates, as adjusted for any modifications to reflect current conditions and reasonable and supportable forecasts as considered necessary, by the remaining lives of each individual security to arrive at a lifetime expected loss amount. The CECL assumptions, including reasonable and supportable forecast periods, reversion method, and prepayments as applicable, are consistent with those utilized for the ACL on loans as discussed further below. Virtually all of the mortgage-backed securities held by the Company are issued by government-sponsored enterprises ("GSEs"). These securities are either explicitly guaranteed by the U.S. government or guaranteed by GSEs that have credit ratings and perceived credit risk comparable to the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Substantially all of the state and local government securities held by the Company are highly rated by major rating agencies. Accrued interest receivable Allowance for Credit Losses - Securities Available for Sale -
Presold Mortgages in Process of Settlement	Presold Mortgages in Process of Settlement - As a part of normal business operations, the Company originates residential mortgage loans that have been pre-approved by secondary investors to be sold on a best efforts basis. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the funding of the loan by the Company. Loans are transferred to the investor in a short period following funding in accordance with the agreed-upon terms. The Company records gains from the sale of these loans on the settlement date of the sale equal to the difference between the proceeds received and the carrying amount of the loan. Additionally, the Company records gains for loans in the process of closing, based on the changes in fair value of the loans and related commitments. Between the initial funding of the loans by the Company and the subsequent reimbursement by the investors, the Company carries the loans on its balance sheet at fair value.
Loans	Loans - Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred fees and costs. Accrued interest Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured.
Purchased Financial Assets with Credit Deteriorated ("PCD")	Purchased Financial Assets with Credit Deterioration ("PCD") - Loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered PCD loans. In determining whether an acquired loan is a PCD loan, the Company considers internal loan grades, delinquency status, and other relevant factors. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. The initial amortized cost of PCD loans is determined by reducing the loans par value by the initial ACL, with any difference between the resulting amount and the loans purchase price or acquisition date fair value recorded as a non-credit-related discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Subsequent to initial recognition, PCD loans are subject to the same interest income recognition and impairment model as non-PCD loans, with changes to the ACL recorded through provision expense.
Allowance for Credit Losses - Loans and Off-Balance Sheet Credit Exposure	Allowance for Credit Losses - Loans - The ACL is an estimate that is deducted from the amortized cost basis of the financial asset to present the net carrying value at the amount expected to be collected on the financial assets. The level of the allowance is determined under the CECL methodology and includes management's evaluation of historical default and loss experience, current and projected economic conditions, asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrowers' ability to repay a loan (including the timing of future payments), the estimated value of any underlying collateral, composition of the loan portfolio, reasonable and supportable forecasts, and other pertinent factors. Credit losses are estimated on the amortized cost basis of loans, which includes the principal balance outstanding, purchase discounts and premiums, and deferred loan fees and costs. Accrued interest receivable is presented separately on the consolidated balance sheets and excluded from the estimate of credit losses. Loans are charged off when the Company determines that such financial assets are deemed uncollectible. The ACL is increased through provision for loan losses and decreased by charge-offs, net of recoveries. The ACL is measured on a collective basis for pools of loans with similar risk characteristics. The Discounted Cash Flow (“DCF”) method is utilized for substantially all pools, with discounted cash flows computed for each loan in a pool based on its individual characteristics (e.g. maturity date, payment amount, interest rate, etc.), and the results are aggregated at the pool level. A probability of default and loss given default, as adjusted for recoveries, are applied to the discounted cash flows for each pool, while considering prepayment and principal curtailment assumptions driven by each loan's collateral type. When the DCF method is used to determine the ACL, management adjusts the effective interest rate used to discount expected cash flows to incorporate expected prepayments. When management determines that foreclosure is probable or when the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. The Company has identified the following primary pools for measuring expected credit losses. There are additional sub-segmentations within each pool, including risk categories. • Owner occupied commercial real estate loans - Owner occupied commercial real estate mortgage loans are secured by commercial office buildings, industrial buildings, warehouses or retail buildings where the owner of the building occupies the property. For such loans, repayment is largely dependent upon the operation of the borrower's business. The Company generally requires loan to value of 80% or lower and debt service coverage of 1.30x or better. Terms outside of these guidelines will have strengths to mitigate additional risk. • Non-owner occupied commercial real estate loans - These loans represent investment real estate loans secured by office buildings, industrial buildings, warehouses, retail buildings, and multifamily residential housing. Repayment is primarily dependent on lease income generated from the underlying collateral. The Company generally requires loan to value of 80% or lower, debt service coverage of 1.30x or better and overall lease terms to match or extend beyond the term of the loan. • Consumer real estate mortgage loans - Consumer real estate mortgage consists primarily of loans secured by 1-4 family residential properties, including home equity lines of credit. Repayment is primarily dependent on the personal cash flow of the borrower and may be affected by changes in general economic conditions. The Company generally requires a debt-to-income below 40% on all home equity lines of credit with loan to value generally 80% or less and a minimum credit score of 660. Portfolio mortgage loans will vary depending on the product, but generally require credit scores of 640 or greater, debt to income below 50% and loan to value maximum of 90%. • Construction and land development loans - This pool includes loans where the repayment is dependent on the successful completion and eventual sale, refinance or operation of the related real estate project and are thus impacted by market demand and real estate valuations. Construction and land development loans include 1-4 family construction projects and commercial construction projects. Residential construction loans for resale generally have a loan to value of 85% or lower. Loan to value would generally be under 80% for commercial speculative construction projects. Owner occupied and non-owner occupied commercial construction projects are underwritten to standard guidelines discussed above. • Commercial and industrial loans - These loans include loans to business enterprises issued for commercial, industrial and/or other professional purposes. These loans are generally secured by equipment, inventory, and accounts receivable of the borrower and repayment is primarily dependent on business cash flows. Commercial and Industrial loans generally require debt service coverage of 1.25x or better. The Company typically limits equipment and accounts receivable to loan to value of 80% and eligible inventory limited to 40% loan to value. • Consumer and other loans - Consumer and other loans include all loans issued to individuals not included in the consumer real estate mortgage classification, including automobile loans, consumer credit cards and loans to finance education, among others. Many consumer loans are unsecured and repayment is primarily dependent on the personal cash flow of the borrower which may be impacted by changes in economic conditions and unemployment. The Company generally limits consumer loans to those clients with a minimum 660 credit score and debt-to-income below 40%. Loan to value will vary based on the collateral type and useful life. In determining the proper level of default rates and loss given default, management has determined that the loss experience of the Company provides the best basis for its assessment of expected credit losses. It therefore utilizes its own historical credit loss experience by each loan segment over an economic cycle, while excluding loss experience from certain acquired institutions (i.e., failed banks). Management considers forward-looking information in estimating expected credit losses. For substantially all segments of loans, the Company incorporates two or more macroeconomic drivers using a statistical regression modeling methodology. The Company subscribes to a third-party service which provides a quarterly macroeconomic baseline forecast and alternative scenarios for the United States economy. The baseline forecast, which incorporates an equal probability of the United States economy performing better or worse than the projection, along with the alternative scenarios, are evaluated by management to determine the best forecast to use for macroeconomic factors in the model. Management has also evaluated the appropriateness of the reasonable and supportable forecast scenarios utilized for each period and has made adjustments as needed. For the contractual term that extends beyond the reasonable and supportable forecast period, the Company reverts to the long-term mean of historical factors over 12 quarters using a straight-line approach. The Company generally utilizes a four-quarter forecast and a 12-quarter reversion period to the long-term average, which is then held static for the remainder of the forecast period. Included in its systematic methodology to determine its ACL on loans, management considers the need to qualitatively adjust expected credit losses for information not already captured in the loss estimation process. These qualitative adjustments either increase or decrease the quantitative model estimation (i.e., formulaic model results). Each period the Company considers qualitative factors that are relevant within the qualitative framework that includes the following: 1) changes in lending policies, procedures, and strategies, 2) changes in the nature and volume of the portfolio, 3) staff experience, 4) changes in volume and trends in classified loans, delinquencies, and nonaccrual loans, 5) concentration risk, 6) trends in underlying collateral value, 7) external factors, including competition and legal and regulatory factors, 8) changes in the quality of the Company's loan review system, and 9) economic conditions not already captured. Allowance for Credit Losses - Off-Balance Sheet Credit Exposure - The Company estimates expected credit losses on commitments to extend credit over the contractual period (unfunded commitments) in which the Company is exposed to credit risk on the underlying commitments, unless the obligation is unconditionally cancellable by the Company. The allowance for unfunded commitments, which is reflected within "Other liabilities" on the consolidated balance sheets is adjusted for as an increase or decrease to the provision for credit losses for unfunded commitments. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. The allowance is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to fund. Financial Difficulty Modifications ("FDM")
Troubled Debt Restructuring	Troubled Debt Restructurings ("TDR")
SBA Loans	Small Business Administration ("SBA") Loans Held for Sale and SBA Retained Loan Discount
SBA Servicing Assets	SBA Servicing Assets - When the Company sells the guaranteed portion of an SBA loan, the Company continues to perform the servicing on the loan and collects a fee related to the sold portion of the loan. A SBA servicing asset is recorded for the fair value of that fee based on an analysis of discounted cash flows that incorporates estimates of (1) market servicing costs, (2) market-based prepayment rates, and (3) market profit margins. SBA servicing assets are included in “Other intangible assets” on the consolidated balance sheets. SBA servicing assets are initially recorded at fair value and amortized against income over the lives of the related loans as a reduction of servicing fee income, generally five years. SBA servicing asset amortization expense is recorded in noninterest income as an offset to SBA servicing fees within the line item "Other service charges, commissions and fees" on the consolidated statement of income. SBA servicing assets are tested for impairment on a quarterly basis by comparing their estimated fair values, aggregated by year of origination, to the related carrying values. Changes in observable market data relating to market interest rates, loan prepayment speeds, and other factors, could result in impairment or reversal of impairment of these servicing assets and, as such, impact the Company's financial condition and results of operations.
Transfers of Financial Assets	Transfers of Financial Assets - Transfers of financial assets are accounted for as sales, when control over the assets has been relinquished. Control over financial assets is deemed to be surrendered when the assets have been isolated from the Company, the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Premises and Equipment	Premises and Equipment -
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets - Business combinations are accounted for using the acquisition method of accounting. Identifiable intangible assets, primarily core deposit intangibles ("CDI"), are recognized separately and are amortized over their estimated useful lives, which for the Company has generally been five
Foreclosed Properties	Foreclosed Properties -
Bank-Owned Life Insurance	Bank-Owned Life Insurance
Income Taxes	Income Taxes -
Other Investments	Other Investments – The Company accounts for its investments in limited partnerships and limited liability companies (“LLCs”) using the equity method of accounting if the percentage ownership and degree of management influence in the investments warrants such accounting treatment. Under the equity method of accounting, the Company records its initial investment at cost. Subsequently, the carrying amount of the investment is increased or decreased to reflect the Company’s share of income or loss of the investee, recorded within noninterest income as "Other gains, net" on the consolidated statements of income. The Company’s recognition of earnings or losses from an equity method investment is based on the Company’s ownership percentage in the investee and the investee’s earnings on a quarterly basis. The investees generally provide their financial information during the quarter following the end of a given period. The Company’s policy is to record its share of earnings or losses on equity method investments in the quarter the financial information is received. All of the Company’s investments in limited partnerships and LLCs and their market values are not readily available. The Company’s management evaluates its investments in investees for impairment based on the investee’s ability to generate cash through its operations or obtain alternative financing, and other subjective factors. There are inherent risks associated with the Company’s investments in such companies, which may result in income statement volatility in future periods.
Federal Home Loan Bank (FHLB) Stock and Federal Reserve Bank (Federal Reserve) Stock	Federal Home Loan Bank ("FHLB") Stock - The Company is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors. FHLB stock is carried at cost and is recorded in "Other assets" on the consolidated balance sheets. Cash dividends are reported as income, recorded within interest income in the "Other, principally overnight investments" line on the consolidated statements of income. Federal Reserve Bank ("Federal Reserve", "FRB") Stock - The Company is a member of its regional Federal Reserve and is required to own stock based on its level of capital. Federal Reserve stock is carried at cost and is recorded in "Other assets" on the consolidated balance sheets. Cash dividends are reported as income, recorded within interest income in the "Other, principally overnight investments" line on the consolidated statements of income.
Loan Commitments and Related Financial Instruments	Loan Commitments and Related Financial Instruments - Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Leases	Leases -
Stock-Based Compensation	Stock-Based Compensation - Restricted stock awards are the primary form of equity grant utilized by the Company. Compensation cost is based on the fair value of the award, which is the closing price of the Company's common stock on the date of the grant. Restricted stock awards issued by the Company typically have vesting periods with service conditions. Compensation cost is recognized as expense over the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period. Because of the insignificant amount of forfeitures the Company has experienced, forfeitures are recognized as they occur.
Earnings Per Share Amounts	Earnings Per Share ("EPS") Amounts - Basic EPS is calculated by dividing net income, less income allocated to participating securities, by the weighted average number of common shares outstanding during the period, excluding unvested shares of restricted stock. For the Company, participating securities are comprised of unvested shares of restricted stock. Diluted EPS is computed by assuming the issuance of common shares for all potentially dilutive common shares outstanding during the reporting period. For the periods presented, the Company’s potentially dilutive common stock issuances related to unvested shares of restricted stock, dilutive stock options and contingently issuable shares which are determined using the treasury stock method. If any of the potentially dilutive common stock issuances have an anti-dilutive effect, the potentially dilutive common stock issuance is disregarded.
Fair Value of Financial Instruments	Fair Value of Financial Instruments - Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument, as more fully described in Note 14. Because no highly liquid market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Impairment	Impairment - Goodwill is evaluated for impairment on at least an annual basis, and more often if a triggering event is identified, by comparing the estimated fair value of the reporting unit to its related carrying value. If the carrying value of a reporting unit exceeds its fair value, the Company utilizes various valuation techniques to determine whether the implied fair value of the goodwill exceeds its carrying value. If the carrying value of the goodwill exceeds the implied fair value of the goodwill, an impairment loss is recorded in an amount equal to that excess. The Company reviews all other long-lived assets, including identifiable intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value may not be recoverable. The Company’s policy is that an impairment loss is recognized if the sum of the undiscounted future cash flows is less than the carrying amount of the asset. Any long-lived assets to be disposed of are reported at the lower of the carrying amount or fair value, less costs to sell. To date, the Company has not recorded any impairment write-downs of its long-lived assets or goodwill.
Comprehensive Income (Loss)	Comprehensive Income (Loss)
Variable Interest Entities	Variable Interest Entities
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities - The Company occasionally enters into derivative financial instruments as part of its interest rate risk management strategies. These derivative financial instruments consist primarily of interest rate swaps to accommodate certain commercial loan customers, with offsetting positions to dealers under a back-to-back swap program. All derivative instruments are recorded on the consolidated balance sheets as either an asset (included in "Other assets") or liability (included in "Other liabilities") at their fair value. The Company has master netting agreements with the counterparties with which it does business, but reflects gross assets and liabilities at fair value on the consolidated balance sheets. The accounting for the gain or loss resulting from the change in fair value depends on the intended use of the derivative. The Company classifies its derivative financial instruments as either (1) a hedge of an exposure to changes in the fair value of a recorded asset or liability (“fair value hedge”), (2) a hedge of an exposure to changes in the cash flows of a recognized asset, liability or forecasted transaction (“cash flow hedge”), or (3) derivatives not designated as accounting hedges ("undesignated hedges"). As of December 31, 2023, the Company has only entered into derivatives classified as undesignated hedges for which changes in fair value are recognized in current period earnings in either noninterest income or noninterest expense. The Company also originates certain residential mortgage loans with the intention of selling these loans. The Company enters into forward sale agreements to mitigate risk and to protect the expected gain on the eventual loan sale. The commitments to originate residential mortgage loans and forward loan sales commitments are freestanding derivative instruments which are entered into as part of an economic hedging strategy to manage exposure related to mortgage loans held for sale.
Segment Reporting	Segment Reporting - Accounting standards require management to report selected financial and descriptive information about reportable operating segments that exceed certain thresholds. The standards also require related disclosures about products and services, geographic areas, and major customers. Generally, disclosures are required for segments internally identified to evaluate performance and resource allocation. The Company’s operations are substantially all within a single banking segment, and the financial statements presented herein reflect the combined results of all of its operations with that segment. The Company has no foreign operations or customers.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Standards Adopted in 2023 ASU 2022-02, "Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage D isclosures ." The amendments contained in this ASU eliminate the accounting guidance for TDRs by creditors, while enhancing disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. This ASU also requires entities to disclose current period gross write-offs by year of origination for financing receivables. The Company adopted ASU 2022-02 effective January 1, 2023 using a modified retrospective transition approach for the amendments related to the recognition and measurement of TDRs. The impact of the adoption resulted in an immaterial change to the ACL, thus no adjustment to retained earnings was recorded. Disclosures have been updated in Note 4 to comply with the ASU as required. In addition, TDR disclosures are presented in Note 4 for comparative periods only and are not required to be updated in current periods. ASU 2022-03, "Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions." This ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security, and, therefore, is not considered in measuring fair value. The Company adopted ASU 2022-03 January 1, 2023 with no material impact on its financial statements. ASU 2022-06 , " Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 ." ASU 2022-06 deferred the sunset date of the London Interbank Offered Rate ("LIBOR") to December 31, 2024, after which entities will no longer be permitted to apply the relief prescribed in ASU 2020-04, Reference Rate Reform (Topic 848); moreover, it applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2022-06 was adopted in the third quarter of 2023 with no material effect on its financial statements. Accounting Standards Pending Adoption ASU 2023-02 , “ Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method ” permits reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. This update is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The adoption of ASU 2023-02 is not expected to have a significant impact on the Company's consolidated financial statements. ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" amended existing guidance to improve disclosures about a public entity’s reportable segments and provide more detailed information about a reportable segment’s expenses. ASU 2023-07 clarifies that an entity which has a single reportable segment is to provide all the disclosures required by Topic 280 and ASU 2023-07. The amendment is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The adoption of ASU 2023-07 is not expected to have a significant impact on the Company's consolidated financial statements. ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” amended existing guidance to improve the transparency of income tax disclosures, including disclosure of specific categories in the rate reconciliation, providing additional information for certain reconciling items, and providing details on income taxes paid. The amendments are effective for annual periods beginning after December 15, 2024. The adoption of ASU 2023-09 is not expected to have a significant impact on the Company's consolidated financial statements. Other accounting standards that have been issued or proposed by the Financial Accounting Standards Board, ("FASB") or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combinations And Discontinued Operations And Disposal Groups [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Following the table is a discussion of valuation approaches utilized in estimating the fair values. The $114.5 million in goodwill that resulted from this transaction is non-deductible for tax purposes. ($ in thousands) Fair Value Estimate Assets acquired: Cash and cash equivalents $ 22,610 Securities available for sale 112,363 Loans, gross 996,833 Allowance for credit losses (5,610) Premises and equipment 20,268 Core deposit intangible 28,840 Operating right-of-use assets 732 Other assets 27,163 Total 1,203,199 Liabilities assumed: Deposits 1,045,308 Borrowings 38,800 Other liabilities 4,089 Total 1,088,197 Net identifiable assets acquired 115,002 Less: Total consideration 229,489 Goodwill recorded related to acquisition of GrandSouth $ 114,487
Acquired Loan Portfolio at Acquisition Date	The following table presents additional information related to the acquired loan portfolio at the acquisition date: ($ in thousands) January 1, 2023 PCD Loans: Par value $ 152,487 Allowance for credit losses (5,610) Non-credit discount (1,370) Purchase price 145,507 Non-PCD Loans: Fair Value 845,716 Gross contractual amounts receivable 865,132 Estimate of contractual cash flows not expected to be collected 22,542
Pro Forma Combined Financial Results	Merger-related costs have been excluded from these amounts and the provisions for credit loss amounts associated with non-PCD loans and unfunded commitments that were discussed above have also been excluded. ($ in thousands, unaudited) Revenue Net Income Year Ended December 31, 2023 Actual GrandSouth results included in statement of income since acquisition date $ 58,301 $ 22,058 Year Ended December 31, 2022 Supplemental consolidated pro forma as if GrandSouth had been acquired on January 1, 2022 454,579 161,826

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Book Values and Fair Values of Available-for-Sale Securities	The book values and approximate fair values of investment securities at December 31, 2023 and 2022 are summarized as follows: 2023 2022 Amortized Fair Unrealized Amortized Fair Unrealized ($ in thousands) Gains (Losses) Gains (Losses) Securities available for sale: US Treasury securities $ 174,785 172,570 — (2,215) 174,420 168,758 — (5,662) Government-sponsored enterprise securities 71,964 60,266 — (11,698) 71,957 57,456 — (14,501) Mortgage-backed securities 2,323,674 1,937,784 30 (385,920) 2,467,839 2,045,000 4 (422,843) Corporate bonds 19,676 18,759 — (917) 44,340 43,279 — (1,061) Total available for sale $ 2,590,099 2,189,379 30 (400,750) 2,758,556 2,314,493 4 (444,067) Securities held to maturity: Mortgage-backed securities $ 12,085 11,447 — (638) 15,150 14,221 — (929) State and local governments 521,593 438,176 39 (83,456) 526,550 418,307 7 (108,250) Total held to maturity $ 533,678 449,623 39 (84,094) 541,700 432,528 7 (109,179)
Book Values and Fair Values of Held-to-Maturity Securities	The book values and approximate fair values of investment securities at December 31, 2023 and 2022 are summarized as follows: 2023 2022 Amortized Fair Unrealized Amortized Fair Unrealized ($ in thousands) Gains (Losses) Gains (Losses) Securities available for sale: US Treasury securities $ 174,785 172,570 — (2,215) 174,420 168,758 — (5,662) Government-sponsored enterprise securities 71,964 60,266 — (11,698) 71,957 57,456 — (14,501) Mortgage-backed securities 2,323,674 1,937,784 30 (385,920) 2,467,839 2,045,000 4 (422,843) Corporate bonds 19,676 18,759 — (917) 44,340 43,279 — (1,061) Total available for sale $ 2,590,099 2,189,379 30 (400,750) 2,758,556 2,314,493 4 (444,067) Securities held to maturity: Mortgage-backed securities $ 12,085 11,447 — (638) 15,150 14,221 — (929) State and local governments 521,593 438,176 39 (83,456) 526,550 418,307 7 (108,250) Total held to maturity $ 533,678 449,623 39 (84,094) 541,700 432,528 7 (109,179)
Schedule of Information Regarding Securities with Unrealized Losses	The following table presents information regarding securities with unrealized losses at December 31, 2023: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized US Treasury securities $ — — 172,570 2,215 172,570 2,215 Government-sponsored enterprise securities — — 60,266 11,698 60,266 11,698 Mortgage-backed securities 1,117 5 1,945,830 386,553 1,946,947 386,558 Corporate bonds — — 17,008 917 17,008 917 State and local governments — — 432,476 83,456 432,476 83,456 Total temporarily impaired securities $ 1,117 5 2,628,150 484,839 2,629,267 484,844 The following table presents information regarding securities with unrealized losses at December 31, 2022: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized US Treasury securities $ 168,758 5,662 — — 168,758 5,662 Government-sponsored enterprise securities — — 57,456 14,501 57,456 14,501 Mortgage-backed securities 221,006 18,215 1,835,958 405,557 2,056,964 423,772 Corporate bonds 40,644 947 886 114 41,530 1,061 State and local governments 48,385 8,323 368,897 99,927 417,282 108,250 Total temporarily impaired securities $ 478,793 33,147 2,263,197 520,099 2,741,990 553,246
Schedule of Book Values and Approximate Fair Values of Investment Securities by Contractual Maturity	The book values and approximate fair values of investment securities at December 31, 2023, by contractual maturity, are summarized in the table below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities Available for Sale Securities Held to Maturity ($ in thousands) Amortized Fair Amortized Fair Debt securities Due within one year $ 177,290 174,976 — — Due after one year but within five years 10,000 8,602 1,998 1,797 Due after five years but within ten years 78,135 67,018 129,097 110,785 Due after ten years 1,000 999 390,498 325,594 Mortgage-backed securities 2,323,674 1,937,784 12,085 11,447 Total securities $ 2,590,099 2,189,379 533,678 449,623

Loans, Allowance for Credit L_2

Loans, Allowance for Credit Losses, and Asset Quality Information (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Summary of Major Categories of Total Loans Outstanding	The following is a summary of the major categories of total loans outstanding: December 31, 2023 December 31, 2022 ($ in thousands) Amount Percentage Amount Percentage Commercial and industrial $ 905,862 11 % 641,941 9 % Construction, development & other land loans 992,980 12 % 934,176 14 % Commercial real estate - owner occupied 1,259,022 16 % 1,036,270 16 % Commercial real estate - non owner occupied 2,528,060 31 % 2,123,811 32 % Multi-family real estate 421,376 5 % 350,180 5 % Residential 1-4 family real estate 1,639,469 20 % 1,195,785 18 % Home equity loans/lines of credit 335,068 4 % 323,726 5 % Consumer loans 68,443 1 % 60,659 1 % Subtotal 8,150,280 100 % 6,666,548 100 % Unamortized net deferred loan fees (178) (1,403) Total loans $ 8,150,102 6,665,145 ($ in thousands) December 31, December 31, Guaranteed portions of SBA Loans included in table above $ 35,462 31,893 Unguaranteed portions of SBA Loans included in table above 107,784 116,910 Total SBA loans included in the table above $ 143,246 148,803 Sold portions of SBA loans with servicing retained - not included in table above $ 349,275 392,370
Schedule of Nonperforming Assets and Nonaccrual Loans	Nonperforming assets ("NPAs") are defined as nonaccrual loans, FDMs, loans past due 90 or more days and still accruing interest, foreclosed real estate, and prior to the adoption of ASU 2022-02 on January 1, 2023, TDRs. The following table summarizes the NPAs for each period presented: ($ in thousands) December 31, December 31, Nonperforming assets Nonaccrual loans $ 32,208 28,514 Modifications to borrowers in financial distress 11,719 — TDRs - accruing — 9,121 Total nonperforming loans 43,927 37,635 Foreclosed properties 862 658 Total nonperforming assets $ 44,789 38,293 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2023. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 944 8,932 9,876 Construction, development & other land loans — 399 399 Commercial real estate - owner occupied 960 6,082 7,042 Commercial real estate - non owner occupied 6,121 1,082 7,203 Residential 1-4 family real estate — 4,843 4,843 Home equity loans/lines of credit 534 2,169 2,703 Consumer loans — 142 142 Total $ 8,559 23,649 32,208 The following table is a summary of the Company’s nonaccrual loans by major categories for the year ended December 31, 2022. ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 3,855 6,374 10,229 Construction, development & other land loans — 1,009 1,009 Commercial real estate - owner occupied 3,903 5,770 9,673 Commercial real estate - non owner occupied 1,107 1,725 2,832 Residential 1-4 family real estate 157 3,132 3,289 Home equity loans/lines of credit — 1,397 1,397 Consumer loans — 85 85 Total $ 9,022 19,492 28,514
Summary of Accrued Interest Receivables Written Off	The following table represents the accrued interest receivables written off by reversing interest income for the periods indicate. ($ in thousands) Year Ended December 31, 2023 Year Ended December 31, 2022 Commercial and industrial $ 225 102 Construction, development & other land loans 10 16 Commercial real estate - owner occupied 124 124 Commercial real estate - non owner occupied 186 15 Residential 1-4 family real estate 38 45 Home equity loans/lines of credit 57 20 Consumer loans 2 2 Total $ 642 324
Schedule of Analysis of Payment Status	The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2023. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial and industrial $ 3,726 257 — 9,876 892,003 905,862 Construction, development & other land loans 241 256 — 399 992,084 992,980 Commercial real estate - owner occupied 906 404 — 7,042 1,250,670 1,259,022 Commercial real estate - non owner occupied 361 — — 7,203 2,520,496 2,528,060 Multi-family real estate — — — — 421,376 421,376 Residential 1-4 family real estate 18,868 3,401 — 4,843 1,612,357 1,639,469 Home equity loans/lines of credit 603 349 — 2,703 331,413 335,068 Consumer loans 270 131 — 142 67,900 68,443 Total $ 24,975 4,798 — 32,208 8,088,299 8,150,280 Unamortized net deferred loan fees (178) Total loans $ 8,150,102 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2022. ($ in thousands) Accruing Accruing 60- Accruing 90 Nonaccrual Accruing Total Loans Commercial and industrial $ 438 565 — 10,229 630,709 641,941 Construction, development & other land loans 238 1,687 — 1,009 931,242 934,176 Commercial real estate - owner occupied 124 48 — 9,673 1,026,425 1,036,270 Commercial real estate - non owner occupied 496 49 — 2,832 2,120,434 2,123,811 Multi-family real estate — — — — 350,180 350,180 Residential 1-4 family real estate 3,415 25 — 3,289 1,189,056 1,195,785 Home equity loans/lines of credit 457 371 — 1,397 321,501 323,726 Consumer loans 249 66 — 85 60,259 60,659 Total $ 5,417 2,811 — 28,514 6,629,806 6,666,548 Unamortized net deferred loan (fees) costs (1,403) Total loans $ 6,665,145
Analysis of Collateral-Dependent Loans	The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2023. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — 2,385 — — 2,385 Commercial real estate - owner occupied — — — 1,142 1,142 Commercial real estate - non owner occupied — — — 6,121 6,121 Home equity loans/lines of credit 534 — — — 534 Total $ 534 2,385 — 7,263 10,182 The following table presents an analysis of collateral-dependent loans of the Company as of December 31, 2022. ($ in thousands) Residential Property Business Assets Land Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — 6,394 — — 6,394 Commercial real estate - owner occupied — — — 4,578 4,578 Commercial real estate - non owner occupied — — — 2,145 2,145 Residential 1-4 family real estate 157 — — — 157 Total $ 157 6,394 — 6,723 13,274
Schedule of Allowance for Loan Losses	Fluctuations in the ACL each period are based on loan mix and growth, changes in the levels of nonperforming loans, economic forecasts impacting loss drivers, other assumptions and inputs to the CECL model, and as occurred in 2023, adjustments for acquired loan portfolios. Much of the change to the level of ACL during the year ended December 31, 2023 is attributed to the acquisition of GrandSouth. In addition to the initial allowance recorded for PCD loans of $5.6 million, the Company recorded an initial provision of $12.2 million related to the non-PCD loans in the GrandSouth portfolio. The balance of the change was a result of loan growth during the year and updated prepayment speed estimates in the CECL model, which have slowed with market rate increases, thus requiring additional allowance for the estimated longer life of loans. The following tables presents the activity in the ACL on loans for each of the periods indicated. ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Charge-offs Recoveries Provisions/(Reversals) Ending balance As of and for the year ended December 31, 2023 Commercial and industrial $ 17,718 5,197 (8,358) 1,393 5,277 21,227 Construction, development & other land loans 15,128 49 (120) 370 (1,487) 13,940 Commercial real estate - owner occupied 14,972 191 (144) 465 2,734 18,218 Commercial real estate - non owner occupied 22,780 51 (235) 737 1,583 24,916 Multi-family real estate 2,957 — — 13 855 3,825 Residential 1-4 family real estate 11,354 113 (4) 377 9,556 21,396 Home equity loans/lines of credit 3,158 8 (309) 98 384 3,339 Consumer loans 2,900 1 (1,005) 248 848 2,992 $ 90,967 5,610 (10,175) 3,701 19,750 109,853 ($ in thousands) Beginning balance Charge-offs Recoveries Provisions/(Reversals) Ending balance As of and for the year ended December 31, 2022 Commercial and industrial $ 16,249 (2,519) 756 3,232 17,718 Construction, development & other land loans 16,519 — 480 (1,871) 15,128 Commercial real estate - owner occupied 12,317 (214) 691 2,178 14,972 Commercial real estate - non owner occupied 16,789 (849) 1,281 5,559 22,780 Multi-family real estate 1,236 — 11 1,710 2,957 Residential 1-4 family real estate 8,686 — 17 2,651 11,354 Home equity loans/lines of credit 4,337 (43) 600 (1,736) 3,158 Consumer loans 2,656 (840) 207 877 2,900 $ 78,789 (4,465) 4,043 12,600 90,967 ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Adjustment for implementation of CECL Charge-offs Recoveries Provisions/(Reversals) Ending balance As of and for the year ended December 31, 2021 Commercial and industrial $ 11,316 2,917 3,067 (3,722) 1,744 927 16,249 Construction, development & other land loans 5,355 165 6,140 (245) 948 4,156 16,519 Commercial real estate - owner occupied 10,608 307 (189) (362) 150 1,803 12,317 Commercial real estate - non owner occupied 11,465 1,181 380 (1,933) 371 5,325 16,789 Multi-family real estate 1,530 1 (448) — 12 141 1,236 Residential 1-4 family real estate 8,048 222 2,584 (273) 761 (2,656) 8,686 Home equity loans/lines of credit 2,375 92 2,580 (400) 578 (888) 4,337 Consumer loans 1,478 10 674 (667) 358 803 2,656 Unallocated 213 — (213) — — — — $ 52,388 4,895 14,575 (7,602) 4,922 9,611 78,789 The following table prese nts the balance and activity in the allowance for unfunded loan commitments for twelve months ended December 31, 2023 and December 31, 2022: ($ in thousands) December 31, 2023 December 31, 2022 Beginning balance $ 13,306 $ 13,506 Initial provision for credit losses on unfunded commitments acquired from GrandSouth 1,921 — Charge-offs — — Recoveries — — Reversal of provision for unfunded commitments (3,858) (200) Ending balance $ 11,369 $ 13,306
Schedule of Recorded Investment in Loans by Credit Quality Indicators	The following describes the Company’s internal risk grades in ascending order of likelihood of loss: Risk Grade Description Pass: 1 Loans with virtually no risk, including cash secured loans. 2 Loans with documented significant overall financial strength. These loans have minimum chance of loss due to the presence of multiple sources of repayment – each clearly sufficient to satisfy the obligation. 3 Loans with documented satisfactory overall financial strength. These loans have a low loss potential due to presence of at least two clearly identified sources of repayment – each of which is sufficient to satisfy the obligation under the present circumstances. 4 Loans to borrowers with acceptable financial condition. These loans could have signs of minor operational weaknesses, lack of adequate financial information, or loans supported by collateral with questionable value or marketability. 5 Loans that represent above average risk due to minor weaknesses and warrant closer scrutiny by management. Collateral is generally available and felt to provide reasonable coverage with realizable liquidation values in normal circumstances. Repayment performance is satisfactory. P Consumer loans that are of satisfactory credit quality with borrowers who exhibit good personal credit history, average personal financial strength and moderate debt levels. These loans generally conform to Bank policy, but may include approved mitigated exceptions to the guidelines. Special Mention: 6 Existing loans with defined weaknesses in primary source of repayment that, if not corrected, could cause a loss to the Company. Classified: 7 An existing loan inadequately protected by the current sound net worth and paying capacity of the obligor or the collateral pledged, if any. These loans have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. 8 Loans that have a well-defined weakness that make the collection or liquidation in full highly questionable and improbable. Loss appears imminent, but the exact amount and timing is uncertain. 9 Loans that are considered uncollectible and are in the process of being charged-off. This grade is a temporary grade assigned for administrative purposes until the charge-off is completed. F Consumer loans with a well-defined weakness, such as exceptions of any kind with no mitigating factors, history of paying outside the terms of the note, insufficient income to support the current level of debt, etc. The tables below present the Company’s recorded investment in loans by credit quality indicators by year of origination or renewal as of the periods indicated. Acquired loans are presented in the year originated, not in the year of acquisition. In the tables that follow, substantially all of the "Classified" loans have grades of 7 or Fail, with those categories having similar levels of risk. Revolving lines of credit that converted to term loans during the years ended December 31, 2023 and December 31, 2022 totaled $25.9 million and $7.9 million, respectively. As presented in the tables that follow, as of December 31, 2023, the Company had $44.1 million in loans graded as Special Mention and $54.2 million in loans graded as Classified, which includes all nonaccrual loans at that date. As of December 31, 2022, the Company had $39.0 million in loans graded as Special Mention and $48.5 million in loans graded as Classified, which includes all nonaccrual loans at that date. Term Loans by Year of Origination ($ in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total As of December 31, 2023 Commercial and industrial Pass $ 136,735 161,131 111,069 75,312 38,495 60,626 302,684 886,052 Special Mention 2,832 2,547 167 185 448 672 1,135 7,986 Classified 1,626 1,152 720 1,389 1,647 4,487 803 11,824 Total commercial and industrial 141,193 164,830 111,956 76,886 40,590 65,785 304,622 905,862 Gross charge-offs, YTD 171 1,036 713 537 821 1,547 3,533 8,358 Construction, development & other land loans Pass 563,998 231,450 90,374 16,662 11,598 5,816 70,852 990,750 Special Mention 489 273 59 — 2 4 19 846 Classified 657 708 — — 8 11 — 1,384 Total construction, development & other land loans 565,144 232,431 90,433 16,662 11,608 5,831 70,871 992,980 Gross charge-offs, YTD — — — — — 120 — 120 Commercial real estate - owner occupied Pass 210,449 323,852 299,135 196,343 92,452 86,784 23,198 1,232,213 Special Mention 338 2,533 271 817 5,755 2,253 — 11,967 Classified 4,456 1,505 1,721 895 2,288 3,904 73 14,842 Total commercial real estate - owner occupied 215,243 327,890 301,127 198,055 100,495 92,941 23,271 1,259,022 Gross charge-offs, YTD — — 49 — — 92 3 144 Commercial real estate - non owner occupied Pass 509,596 748,854 722,472 287,235 119,515 84,690 29,001 2,501,363 Special Mention 11,353 199 36 393 1,183 5,942 342 19,448 Classified 871 32 14 4,214 634 1,484 — 7,249 Total commercial real estate - non owner occupied 521,820 749,085 722,522 291,842 121,332 92,116 29,343 2,528,060 Gross charge-offs, YTD — — 235 — — — — 235 Multi-family real estate Pass 57,378 137,533 139,879 43,881 12,231 10,323 20,151 421,376 Special Mention — — — — — — — — Classified — — — — — — — — Total multi-family real estate 57,378 137,533 139,879 43,881 12,231 10,323 20,151 421,376 Gross charge-offs, YTD — — — — — — — — Residential 1-4 family real estate Pass 363,410 400,483 317,515 186,459 94,567 260,102 3,247 1,625,783 Special Mention 681 41 202 64 587 1,987 — 3,562 Classified 1,848 50 474 741 472 6,539 — 10,124 Total residential 1-4 family real estate 365,939 400,574 318,191 187,264 95,626 268,628 3,247 1,639,469 Gross charge-offs, YTD — — — — — 4 — 4 Home equity loans/lines of credit Pass 2,830 1,136 1,141 223 499 1,233 319,199 326,261 Special Mention 163 — 122 — — — 18 303 Classified 255 — 146 91 112 10 7,890 8,504 Total home equity loans/lines of credit 3,248 1,136 1,409 314 611 1,243 327,107 335,068 Gross charge-offs, YTD — — — — — — 309 309 Consumer loans Pass 16,497 12,906 4,999 2,173 432 429 30,757 68,193 Special Mention — — — — — — — — Classified 130 7 45 — 3 34 31 250 Total consumer loans 16,627 12,913 5,044 2,173 435 463 30,788 68,443 Gross charge-offs, YTD 34 79 73 23 — 1 795 1,005 Total loans $ 1,886,592 2,026,392 1,690,561 817,077 382,928 537,330 809,400 8,150,280 Unamortized net deferred loan fees (178) Total loans, net of deferred loan fees $ 8,150,102 Total gross charge-offs, year to date $ 205 1,115 1,070 560 821 1,764 4,640 10,175 Term Loans by Year of Origination ($ in thousands) 2022 2021 2020 2019 2018 Prior Revolving Total As of December 31, 2022 Commercial and industrial Pass $ 185,167 107,747 85,110 51,274 590 76,588 120,590 627,066 Special Mention 342 166 648 1,312 — 990 332 3,790 Classified 734 1,909 808 1,384 — 5,762 488 11,085 Total commercial and industrial 186,243 109,822 86,566 53,970 590 83,340 121,410 641,941 Construction, development & other land loans Pass 550,752 267,096 42,421 30,973 — 12,722 19,519 923,483 Special Mention 5,128 5 3,679 — — 100 13 8,925 Classified 656 107 38 899 — 44 24 1,768 Total construction, development & other land loans 556,536 267,208 46,138 31,872 — 12,866 19,556 934,176 Commercial real estate - owner occupied Pass 258,025 305,324 190,464 96,495 179 141,053 15,499 1,007,039 Special Mention 1,170 1,070 4,042 6,926 — 3,277 665 17,150 Classified 3,060 208 84 1,572 — 6,790 367 12,081 Total commercial real estate - owner occupied 262,255 306,602 194,590 104,993 179 151,120 16,531 1,036,270 Commercial real estate - non owner occupied Pass 718,696 747,653 319,708 141,284 — 168,096 21,159 2,116,596 Special Mention 545 44 394 1,363 — 1,180 — 3,526 Classified 420 1,057 — 884 — 1,328 — 3,689 Total commercial real estate - non owner occupied 719,661 748,754 320,102 143,531 — 170,604 21,159 2,123,811 Multi-family real estate Pass 119,922 133,701 59,452 9,669 — 15,212 12,224 350,180 Special Mention — — — — — — — — Classified — — — — — — — — Total multi-family real estate 119,922 133,701 59,452 9,669 — 15,212 12,224 350,180 Residential 1-4 family real estate Pass 317,282 274,756 186,102 98,559 185 301,885 1,379 1,180,148 Special Mention 1,189 127 110 470 — 2,416 — 4,312 Classified 763 251 221 359 — 9,072 659 11,325 Total residential 1-4 family real estate 319,234 275,134 186,433 99,388 185 313,373 2,038 1,195,785 Home equity loans/lines of credit Pass 869 1,091 349 237 — 2,020 309,786 314,352 Special Mention 175 — — — — 18 1,072 1,265 Classified 106 156 94 87 — 213 7,453 8,109 Total home equity loans/lines of credit 1,150 1,247 443 324 — 2,251 318,311 323,726 Consumer loans Pass 35,406 7,946 3,610 1,056 3 1,250 10,953 60,224 Special Mention — — — — — — — — Classified 320 31 3 1 — 25 55 435 Total consumer loans 35,726 7,977 3,613 1,057 3 1,275 11,008 60,659 Total loans $ 2,200,727 1,850,445 897,337 444,804 957 750,041 522,237 6,666,548 Unamortized net deferred loan fees (1,403) Total loans, net of deferred loan fees $ 6,665,145 Loan Modifications to Borrowers Experiencing Financial Difficulty Effective January 1, 2023, we adopted ASU 2022-02 which eliminated the accounting guidance for TDRs and requires disclosures for certain loan modifications when a borrower is experiencing financial difficulty. Occasionally, the Company modifies loans to borrowers in financial distress as a part of our loss mitigation activities. Various types of modification may be offered including principal forgiveness, term extension, payment delays, or interest rate reductions. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession may be granted. For loans included in the “combination” columns below, multiple types of modifications have been made on the same loan within the current reporting period. The followings tables present the amortized cost basis at December 31, 2023 of the loans modified during the twelve months then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted. Payment Delay Term Extension Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans Commercial and industrial $ 2,590 251 — 2,841 0.31 % Construction, development & other land loans — 354 8 362 0.04 % Commercial real estate - owner occupied 210 4,245 — 4,455 0.35 % Commercial real estate - non owner occupied — 206 — 206 0.01 % Residential 1-4 family real estate — 735 — 735 0.04 % Home equity loans/lines of credit 557 2,436 121 3,114 0.93 % Consumer loans — 6 — 6 0.01 % Total $ 3,357 8,233 129 11,719 0.14 % For the twelve months ended December 31, 2023, there were no modifications for borrowers experiencing financial difficulty with principal forgiveness concessions. The following tables describes the financial effect for the twelve months ended December 31, 2023 of the modifications made for borrowers experiencing financial difficulty: Weighted Average Interest Rate Reduction Weighted Average Payment Delay (in months) Weighted Average Term Extension (in months) Commercial and industrial — % 4 31 Construction, development & other land loans 1.55 % 0 19 Commercial real estate - owner occupied — % 11 34 Commercial real estate - non owner occupied — % 0 13 Residential 1-4 family real estate — % 0 23 Home equity loans/lines of credit 2.40 % 13 49 Consumer loans — % 0 24 The Company closely monitors the performance of the loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the performance of loans that have been modified in the last twelve months as of December 31, 2023: Payment Status (Amortized Cost Basis) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Commercial and industrial $ 2,841 — — — Construction, development & other land loans 362 — — — Commercial real estate - owner occupied 4,455 — — — Commercial real estate - non owner occupied 206 — — — Residential 1-4 family real estate 656 79 — — Home equity loans/lines of credit 3,114 — — — Consumer loans 6 — — — Total $ 11,640 79 — — None of the modifications made for borrowers experiencing financial difficulty during the twelve months ended December 31, 2023 are considered to have had a payment default. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount. TDR Disclosures Prior to the Adoption of ASU 2022-02
Schedule of Information Related to Loans Modified in a Troubled Debt Restructuring	The followings tables present the amortized cost basis at December 31, 2023 of the loans modified during the twelve months then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted. Payment Delay Term Extension Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans Commercial and industrial $ 2,590 251 — 2,841 0.31 % Construction, development & other land loans — 354 8 362 0.04 % Commercial real estate - owner occupied 210 4,245 — 4,455 0.35 % Commercial real estate - non owner occupied — 206 — 206 0.01 % Residential 1-4 family real estate — 735 — 735 0.04 % Home equity loans/lines of credit 557 2,436 121 3,114 0.93 % Consumer loans — 6 — 6 0.01 % Total $ 3,357 8,233 129 11,719 0.14 % The following tables describes the financial effect for the twelve months ended December 31, 2023 of the modifications made for borrowers experiencing financial difficulty: Weighted Average Interest Rate Reduction Weighted Average Payment Delay (in months) Weighted Average Term Extension (in months) Commercial and industrial — % 4 31 Construction, development & other land loans 1.55 % 0 19 Commercial real estate - owner occupied — % 11 34 Commercial real estate - non owner occupied — % 0 13 Residential 1-4 family real estate — % 0 23 Home equity loans/lines of credit 2.40 % 13 49 Consumer loans — % 0 24 The following tables present information related to loans modified in a TDR during periods as indicated. For the year ended December 31, 2022 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Commercial and industrial 2 $ 143 143 Construction, development & other land loans 1 67 67 Residential 1-4 family real estate 2 75 78 TDRs – Nonaccrual Commercial and industrial 5 744 744 Commercial real estate - non owner occupied 1 72 72 Residential 1-4 family real estate 1 36 36 Total TDRs arising during period 12 $ 1,137 1,140 For the year ended December 31, 2021 ($ in thousands, except number of contracts) Number of Pre- Post- TDRs – Accruing Residential 1-4 family real estate 1 $ 33 33 TDRs – Nonaccrual Commercial and industrial 5 1,438 1,435 Construction, development & other land loans 1 75 75 Commercial real estate - owner occupied 3 553 553 Commercial real estate - non owner occupied 1 1,176 1,176 Residential 1-4 family real estate 1 263 263 Total TDRs arising during period 12 $ 3,538 3,535 The Company considered a TDR loan to have defaulted when it became 90 or more days delinquent under the modified terms, had been transferred to nonaccrual status, or had been transferred to foreclosed real estate. There were no accruing TDRs that were modified in the twelve months preceding December 31, 2022 and 2021 and that defaulted during the twelve months ended December 31, 2022 and 2021.
Schedules of Concentration of Risk of Loan Portfolio	No other market (as defined by county) had total loans outstanding in excess of 5% of the total portfolio at year end. Percentage of Loans Outstanding 2023 2022 Wake County, North Carolina 10.1 % 11.6 % New Hanover County, North Carolina 8.1 % 9.1 % Mecklenburg County, North Carolina 7.6 % 7.9 % Buncombe County, North Carolina 5.3 % 6.1 % Guilford County, North Carolina 5.0 % 5.0 % Percentage of Total Deposits 2023 2022 Moore County, North Carolina 10.8 % 10.9 % Buncombe County, North Carolina 7.2 % 8.3 % Guilford County, North Carolina 5.0 % 6.0 %

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Premises and Equipment	Premises and equipment at December 31, 2023 and 2022 consisted of the following: ($ in thousands) Estimated Useful Lives 2023 2022 Land $ 52,443 45,363 Buildings 15 to 40 years 127,985 114,884 Furniture and equipment 5 to 10 years 35,214 31,920 Vehicles 3 years 2,384 1,227 Leasehold improvements 5 to 39 years 1,644 1,644 Total cost 219,670 195,038 Less accumulated depreciation and amortization (68,713) (60,851) Total premises and equipment $ 150,957 134,187

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets and the carrying amount of unamortizable intangible assets as of the periods presented. December 31, 2023 December 31, 2022 ($ in thousands) Gross Carrying Accumulated Net Amount Gross Carrying Accumulated Net Amount Amortizable intangible assets: Customer lists $ 2,700 2,167 533 2,700 1,847 853 Core deposit intangibles 57,890 28,932 28,958 29,050 21,274 7,776 Other 100 83 17 100 58 42 Intangibles before servicing assets 60,690 31,182 29,508 31,850 23,179 8,671 SBA servicing assets 13,966 10,616 3,350 13,264 9,260 4,004 Total amortizable intangible assets $ 74,656 41,798 32,858 45,114 32,439 12,675 Unamortizable intangible assets: Goodwill $ 478,750 364,263
Schedule of Servicing Assets at Fair Value	A summary of the key assumptions used in the discounted cash flow method utilized to estimate the fair value of the SBA servicing asset were as follows: December 31, 2023 December 31, 2022 Prepayment rate assumption: Weighted average 19.05% 15.58% Range 9.27% - 33.14% 7.29% - 32.38% Discount rate: Weighted average 16.36% 22.14% Range 11.19% - 22.51% 14.44% - 31.29% Servicing cost 0.40% 0.40%
SBA Servicing Assets	The following table presents the changes in the SBA servicing assets for each period indicated. ($ in thousands) December 31, 2023 December 31, 2022 Beginning balance, net $ 4,004 5,472 Add: New servicing assets 702 1,332 Less: Amortization expense and impairment charges (1,356) (2,800) Ending balance, net $ 3,350 4,004
Changes in Carrying Amount of Goodwill	The following table presents the changes in carrying amounts of goodwill: ($ in thousands) Total Goodwill Balance at December 31, 2021 $ 364,263 Net activity during 2022 — Balance at December 31, 2022 364,263 Additions from acquisition of GrandSouth 114,487 Balance at December 31, 2023 $ 478,750
Schedule of the Estimated Amortization Expense	($ in thousands) Estimated 2024 $ 6,604 2025 5,672 2026 4,704 2027 3,951 2028 3,197 Thereafter 5,380 Total $ 29,508

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense	The components of income tax expense (benefit) for the years ended December 31, 2023, 2022, and 2021 are as follows: ($ in thousands) 2023 2022 2021 Current - Federal $ 24,750 35,616 25,742 - State 3,857 4,477 3,733 Deferred - Federal (481) (1,658) (4,247) - State (301) (152) (553) Total $ 27,825 38,283 24,675
Schedule of Effective Tax Rate Reconciliation	The following is a reconciliation of federal income tax expense at the statutory rate of 21% at December 31, 2023, December 31, 2022, and December 31, 2021, to the income tax provision reported in the financial statements. ($ in thousands) 2023 2022 2021 Tax provision at statutory rate $ 27,711 38,896 25,266 Increase (decrease) in income taxes resulting from: Tax-exempt interest income (2,175) (1,976) (1,589) Low income housing and other tax credits (630) (669) (1,229) Bank-owned life insurance income (920) (1,511) (589) Non-deductible interest expense 241 26 14 State income taxes, net of federal benefit 2,809 3,369 2,472 Nondeductible merger expenses 489 107 242 Change in valuation allowance (13) (20) (10) Nondeductible compensation 274 97 27 Other, net 39 (36) 71 Total $ 27,825 38,283 24,675
Schedule of Deferred Tax Assets and Liabilities	The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets, which are included in Other Assets on the consolidated balance sheets are as follows at December 31, 2023 and 2022: ($ in thousands) 2023 2022 Deferred tax assets: Allowance for credit losses on loans $ 25,431 20,900 Allowance for credit losses on unfunded commitments 2,632 3,057 Excess book over tax pension plan cost 403 365 Deferred compensation 1,453 638 Federal & state net operating loss and tax credit carryforwards 188 197 Accruals, book versus tax 3,462 4,404 Pension 23 — Unrealized losses on securities available for sale 92,767 102,046 Foreclosed real estate — 3 Basis differences in assets acquired in FDIC transactions 46 — Purchase accounting adjustments 4,691 2,982 Equity compensation 1,524 768 Partnership investments 773 652 Leases 178 151 SBA servicing asset 31 77 Gross deferred tax assets 133,602 136,240 Less: Valuation allowance (17) (30) Net deferred tax assets 133,585 136,210 Deferred tax liabilities: Loan fees (2,952) (3,102) Depreciable basis of fixed assets (7,070) (5,493) Amortizable basis of intangible assets (15,523) (10,047) Basis differences in assets acquired in FDIC transactions — (108) Trust preferred securities (388) (416) Pension — (12) Gross deferred tax liabilities (25,933) (19,178) Net deferred tax asset $ 107,652 117,032

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits, by Type [Abstract]
Composition of Liabilities	The following table lists the composition of the deposit portfolio as of the end of the respective years. ($ in thousands) December 31, 2023 December 31, 2022 Noninterest-bearing checking accounts $ 3,379,876 3,566,003 Interest-bearing checking accounts 1,411,142 1,514,166 Money market accounts 3,653,506 2,416,146 Savings accounts 608,380 728,641 Other time deposits 610,887 464,343 Time deposits >$250,000 355,209 276,319 Total customer deposits 10,019,000 8,965,618 Brokered Deposits - time deposits 12,599 261,911 Total deposits $ 10,031,599 9,227,529
Schedule of Maturities of Time Deposits	At December 31, 2023, the scheduled maturities of time deposits were as follows: ($ in thousands) 2024 $ 901,211 2025 41,579 2026 21,160 2027 9,175 2028 4,727 Thereafter 843 $ 978,695
Schedules of Concentration of Risk of Deposits	No other market (as defined by county) had total loans outstanding in excess of 5% of the total portfolio at year end. Percentage of Loans Outstanding 2023 2022 Wake County, North Carolina 10.1 % 11.6 % New Hanover County, North Carolina 8.1 % 9.1 % Mecklenburg County, North Carolina 7.6 % 7.9 % Buncombe County, North Carolina 5.3 % 6.1 % Guilford County, North Carolina 5.0 % 5.0 % Percentage of Total Deposits 2023 2022 Moore County, North Carolina 10.8 % 10.9 % Buncombe County, North Carolina 7.2 % 8.3 % Guilford County, North Carolina 5.0 % 6.0 %

Borrowings and Borrowings Ava_2

Borrowings and Borrowings Availability (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following tables presents information regarding the Company’s outstanding borrowings at December 31, 2023 (dollars are in thousands) : Description Due Date Call Feature Balance at December 31, Interest Rate FHLB Principal Reducing Credit 6/26/2028 None $ 203 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 31 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 151 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 151 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 315 0.50% fixed FHLB Fixed Rate Credit 1/16/2024 None 80,000 5.59% fixed FHLB Fixed Rate Credit 2/27/2024 None 100,000 5.61% fixed FHLB Fixed Rate Credit 3/20/2024 None 100,000 5.61% fixed FRB Bank Term Funding Program 12/20/2024 None 224,000 4.85% fixed FRB Bank Term Funding Program 12/27/2024 None 25,000 4.83% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.30% at 12/31/23 adjustable rate 3 month CME Term SOFR + 2.91% Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.40% at 12/31/23 adjustable rate 3 month CME Term SOFR + 3.01% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 7.78% at 12/31/23 adjustable rate 3 month CME Term SOFR + 2.41% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 7.66% at 12/31/23 adjustable rate 3 month CME Term SOFR +2.00% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 7.04% at 12/31/23 adjustable rate 3 month CME Term SOFR + 1.65% Trust Preferred Securities 6/23/2036 Quarterly by Company beginning 6/23/2011 8,248 7.47% at 12/31/23 adjustable rate 3 month CME Term SOFR + 2.11% Subordinated Debentures 11/30/2028 Continuous by Company beginning 11/30/2023 10,000 9.09% at 12/31/23 adjustable rate 3 month CME Term SOFR + 3.69% Subordinated Debentures 11/15/2030 Continuous by Company beginning 11/15/2025 18,000 4.38% fixed Total borrowings / weighted average rate as of December 31, 2023 635,175 5.57% Unamortized discount on acquired borrowings (5,017) Total borrowings $ 630,158 The following table presents information regarding the Company’s outstanding borrowings at December 31, 2022 (dollars are in thousands) : Description Due date Call Feature Balance at December 31, Interest Rate FHLB Principal Reducing Credit 7/24/2023 None $ 32 1.00% fixed FHLB Principal Reducing Credit 12/22/2023 None 912 1.25% fixed FHLB Principal Reducing Credit 6/26/2028 None 214 0.25% fixed FHLB Principal Reducing Credit 7/17/2028 None 38 0.00% fixed FHLB Principal Reducing Credit 8/18/2028 None 158 1.00% fixed FHLB Principal Reducing Credit 8/22/2028 None 159 1.00% fixed FHLB Principal Reducing Credit 12/20/2028 None 329 0.50% fixed FHLB Fixed Rate Credit 1/9/2023 None 50,000 4.15% fixed FHLB Fixed Rate Credit 2/1/2023 None 80,000 4.25% fixed FHLB Fixed Rate Credit 2/9/2023 None 50,000 4.35% fixed FHLB Daily Rate Credit 8/23/2023 None 40,000 4.57% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 7.06% at 12/31/22 adjustable rate 3 month LIBOR +2.65% Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 7.16% at 12/31/22 adjustable rate 3 month LIBOR +2.75% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 6.90% at 12/31/22 adjustable rate 3 month LIBOR + 2.15% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 6.08% at 12/31/22 adjustable rate 3 month LIBOR + 2.00% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 6.16% at 12/31/22 adjustable rate 3 month LIBOR + 1.39% Total borrowings / weighted average rate as of December 31, 2022 290,918 4.82% Unamortized discount on acquired borrowings (3,411) Total borrowings $ 287,507
Schedule of Maturities of Long-Term Debt	At December 31, 2023, the contractual maturities of borrowings were as follows for the years ending: ($ in thousands) FHLB Principal Reducing Credit FHLB Fixed Rate Credit FRB Bank Term Funding Program Trust Preferred Securities Subordinated Debentures Total 2024 $ — 280,000 249,000 — — 529,000 2025 — — — — — — 2026 — — — — — — 2027 — — — — — — 2028 851 — — — 10,000 10,851 Thereafter — — — 77,324 18,000 95,324 Total $ 851 280,000 249,000 77,324 28,000 635,175 Unamortized discount on acquired borrowings (5,017) Total borrowings 630,158

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Lessee Disclosure [Abstract]
Schedule of Estimated Lease Payments	Future undiscounted lease payments for operating leases with initial terms of one year or more as of December 31, 2023 for each of the five calendar years ending December 31, 2028 are as follows: ($ in thousands) 2024 $ 2,446 2025 1,914 2026 1,633 2027 1,359 2028 1,267 Thereafter 17,222 Total undiscounted lease payments 25,841 Less effect of discounting (8,008) Present value of estimated lease payments (lease liability) $ 17,833

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of Reconciliation of Benefit Obligation	The following table reconciles the beginning and ending balances of the Pension Plan’s benefit obligation, as computed by the Company with assistance from its independent actuarial consultants, and its plan assets, with the difference between the two amounts representing the funded status of the Pension Plan as of the end of the respective year. ($ in thousands) 2023 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 30,611 41,657 44,750 Service cost — — — Interest cost 1,451 1,043 981 Actuarial gain (1,470) (10,286) (2,041) Benefits paid, including lump sums (11,135) (1,803) (2,033) Transfer to insurer (19,457) — — Accumulated benefit obligation at end of year — 30,611 41,657 Change in plan assets Plan assets at beginning of year 33,655 44,904 48,167 Actual return on plan assets (547) (9,446) (1,230) Employer contributions — — — Benefits paid, including lump sums (11,135) (1,803) (2,033) Transfer to insurer (19,457) — — Plan assets at end of year 2,517 33,655 44,904 Funded status at end of year (1) $ 2,517 3,044 3,247 (1) - As of December 31, 2023, the Pension Plan was terminated and surplus assets were held in the Pension Plan's trust account until deployed as contributions to the Company's 401(k) Plan in 2024 and 2025. The following table reconciles the beginning and ending balances of the SERP’s benefit obligation, as computed by the Company’s independent actuarial consultants: ($ in thousands) 2023 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 3,521 4,660 5,982 Service cost — — — Interest cost 158 112 119 Actuarial gain (86) (1,006) (1,119) Benefits paid (241) (245) (322) Accumulated benefit obligation at end of year 3,352 3,521 4,660 Plan assets — — — Funded status at end of year $ (3,352) (3,521) (4,660)
Schedule of Amounts Recognized in Other Comprehensive Income	The following table presents information regarding the amounts recognized in accumulated other comprehensive income (loss) (“AOCI”) at December 31, 2023 and 2022, as it relates to the Pension Plan. ($ in thousands) 2023 2022 Net actuarial loss $ — (1,497) Prior service cost — — Amount recognized in AOCI before tax effect — (1,497) Tax benefit — 344 Net amount recognized as decrease to AOCI $ — (1,153) The following table presents information regarding the amounts recognized in AOCI at December 31, 2023 and 2022, as it relates to the SERP: ($ in thousands) 2023 2022 Net (loss) gain $ (100) 1,551 Prior service cost — — Amount recognized in AOCI before tax effect (100) 1,551 Tax benefit (expense) 23 (356) Net amount recognized as (decrease) increase to AOCI $ (77) 1,195
Schedule of Reconciliation of Balances in AOCI	The following table reconciles the beginning and ending balances of AOCI at December 31, 2023 and 2022, as it relates to the Pension Plan: ($ in thousands) 2023 2022 Accumulated other comprehensive loss at beginning of fiscal year $ (1,153) (1,110) Net loss arising during period (693) (312) Recognition of net actuarial loss due to plan settlement 998 — Amortization of net unrecognized actuarial loss 1,192 256 Tax (benefit) expense of changes during the year, net (344) 13 Accumulated other comprehensive loss at end of fiscal year $ — (1,153) The following table reconciles the beginning and ending balances of AOCI at December 31, 2023 and 2022, as it relates to the SERP: ($ in thousands) 2023 2022 Accumulated other comprehensive income at beginning of fiscal year $ 1,195 838 Net gain arising during period 86 1,007 Prior service cost — — Amortization of unrecognized actuarial loss (1,737) (544) Tax benefit (expense) related to changes during the year, net 379 (106) Accumulated other comprehensive (loss) income at end of fiscal year $ (77) 1,195
Schedule of Reconciliation of Prepaid Pension Costs	The following table reconciles the beginning and ending balances of the prepaid pension cost related to the Pension Plan for the periods presented. As noted above, there are no remaining obligations of the Pension Plan and assets at December 31, 2023 represent the surplus cash held in the Pension Plan's trust account for contributions to be made to the Company's 401(k) plan during 2024 and 2025. ($ in thousands) 2023 2022 Prepaid pension cost as of beginning of fiscal year $ 4,542 4,689 Net periodic pension cost for fiscal year (2,025) (147) Actual employer contributions — — Prepaid pension asset as of end of fiscal year $ 2,517 4,542 The following table reconciles the beginning and ending balances of the prepaid pension cost related to the SERP: ($ in thousands) 2023 2022 Accrued liability as of beginning of fiscal year $ (5,071) (5,748) Net periodic pension cost for fiscal year 1,579 432 Benefits paid 241 245 Accrued liability as of end of fiscal year $ (3,251) (5,071)
Schedule of Net Pension Costs	Net pension cost for the Pension Plan included the following components for the years ended December 31, 2023, 2022, and 2021: ($ in thousands) 2023 2022 2021 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 1,451 1,043 981 Expected return on plan assets (1,616) (1,152) (1,059) Net amortization and deferral 1,192 256 577 Recognized settlement loss 998 — — Net periodic pension cost $ 2,025 147 499 Net pension cost for the SERP included the following components for the years ended December 31, 2023, 2022, and 2021: ($ in thousands) 2023 2022 2021 Service cost – benefits earned during the period $ — — — Interest cost on projected benefit obligation 158 112 119 Amortization of net actuarial (loss) gain (1,737) (544) 15 Net periodic pension cost $ (1,579) (432) 134 The components of net periodic benefit cost other than the service cost component are included in the line item "Other operating expenses" in the consolidated statements of income.
Schedule of Assumptions Used in Determining Actuarial Information	The following assumptions were used in determining the actuarial information for the Pension Plan for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Discount rate used to determine net periodic pension cost 4.94% 2.62% 2.24% Expected long-term rate of return on assets 4.94% 2.62% 2.24% Discount rate used to calculate end of year liability disclosures (1) n/a 4.94% 2.62% (1) - As of December 31, 2023, there were no Pension Plan obligations or liabilities. The following assumptions were used in determining the actuarial information for the SERP for the years ended December 31, 2023, 2022, and 2021: 2023 2022 2021 Discount rate used to determine net periodic pension cost 4.90 % 2.48 % 2.04 % Discount rate used to calculate end of year liability disclosures 4.68 % 4.90 % 2.48 %
Schedule of Expected Benefit Payments	The following table is an estimate of the benefits that will be paid in accordance with the SERP for each of the five calendar years ending December 31, 2027 and thereafter: ($ in thousands) Estimated 2024 $ 240 2025 278 2026 280 2027 298 2028 288 2029-2033 1,322

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Outstanding Loan Commitments	The following table presents the Company’s outstanding loan commitments, including credit cards, at December 31, 2023 and December 31, 2022. December 31, 2023 December 31, 2022 ($ in thousands) Fixed Rate Variable Rate Total Fixed Rate Variable Rate Total Loan commitments $ 442,916 179,934 622,850 681,486 211,071 892,557 Unused lines of credit 407,521 1,417,250 1,824,771 273,244 1,194,575 1,467,819 Total $ 850,437 1,597,184 2,447,621 954,730 1,405,646 2,360,376

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The table below presents the fair value of Company’s derivative financial instruments as of the date indicated. As of December 31, 2023 Fair Value ($ in thousands) Notional Amount Derivative Assets Derivative Liabilities Derivatives not designated as hedging instruments: Customer interest rate contracts $ 13,000 $ 295 — Offsetting counterparty interest rate contracts 13,000 — 349 Total derivatives not designated as hedging instruments $ 295 349 The table below presents the gains and losses recognized in income related to derivative financial instruments that are not designated as hedging instruments. Gains and losses on interest rate swap undesignated hedges are included in "Other gains, net" on the consolidated statements of income for the date indicated. Gains (Losses) ($ in thousands) Year Ended December 31, 2023 Customer interest rate swaps and counterparty offsets $ (54) Total $ (54)
Schedule of Offsetting Assets	The Company’s interest rate swaps are subject to master netting arrangements between the Company and its counterparties, however, the Company has not made a policy election to offset its derivative positions. The interest rate swaps with borrowers are cross collateralized with the underlying loan and, therefore, there is no posted collateral. Interest rate swap agreements with third-party counterparties contain provisions that require the Company to post collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position. As of December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Interest rate swaps $ 295 — 295 — — 295 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Liabilities presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Financial Instruments Cash Collateral Posted Net Amount Interest rate swaps $ 349 — 349 — 330 19
Schedule of Offsetting Liabilities	The Company’s interest rate swaps are subject to master netting arrangements between the Company and its counterparties, however, the Company has not made a policy election to offset its derivative positions. The interest rate swaps with borrowers are cross collateralized with the underlying loan and, therefore, there is no posted collateral. Interest rate swap agreements with third-party counterparties contain provisions that require the Company to post collateral if the derivative exposure exceeds a threshold amount and receive collateral for agreements in a net asset position. As of December 31, 2023 Gross Amounts of Recognized Assets Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Assets presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Financial Instruments Cash Collateral Received Net Amount Interest rate swaps $ 295 — 295 — — 295 Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheets Net Amounts of Liabilities presented in the Consolidated Balance Sheets Gross Amounts Not Offset in the Consolidated Balance Sheets Financial Instruments Cash Collateral Posted Net Amount Interest rate swaps $ 349 — 349 — 330 19

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Financial Instruments Measured at Fair Value on a Recurring and Nonrecurring Basis	The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2023. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring Securities available for sale: US Treasury securities $ 172,570 — 172,570 — Government-sponsored enterprise securities 60,266 — 60,266 — Mortgage-backed securities 1,937,784 — 1,937,784 — Corporate bonds 18,759 — 18,759 — Total available for sale securities 2,189,379 — 2,189,379 — Derivative financial assets 295 — 295 — Presold mortgages in process of settlement 2,667 — 2,667 — Derivative financial liabilities 349 — 349 — Nonrecurring Individually evaluated loans 1,953 — — 1,953 The following table summarizes the Company’s financial instruments that were measured at fair value on a recurring and nonrecurring basis at December 31, 2022. Description of Financial Instruments ($ in thousands) Fair Value at December 31, Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Recurring Securities available for sale: US Treasury securities $ 168,758 — 168,758 — Government-sponsored enterprise securities 57,456 — 57,456 — Mortgage-backed securities 2,045,000 — 2,045,000 — Corporate bonds 43,279 — 43,279 — Total available for sale securities 2,314,493 — 2,314,493 — Presold Mortgages in process of settlement 1,282 — 1,282 — Nonrecurring Impaired loans 9,590 — — 9,590 Foreclosed real estate 38 — — 38
Schedule of Significant Unobservable Inputs	For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2023, the significant unobservable inputs used in the fair value measurements were as presented in the tables below. ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 1,953 Appraised value Discounts applied for estimated costs to sell 10% For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 5,680 Appraised value Discounts applied for estimated costs to sell 10% Individually evaluated loans - valued at PV of expected cash flows 3,910 PV of expected cash flows Discount rates used in the calculation of PV of expected cash flows 5.5% - 11.1% (6.76%) Foreclosed real estate 38 Appraised value Discounts applied for estimated costs to sell 10%
Schedule of the Carrying Amounts and Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments not carried at fair value as of December 31, 2023 and 2022 are as follows: December 31, 2023 December 31, 2022 Level in Carrying Estimated Carrying Estimated Cash and due from banks, noninterest-bearing Level 1 $ 100,891 100,891 101,133 101,133 Due from banks, interest-bearing Level 1 136,964 136,964 169,185 169,185 Securities held to maturity Level 2 533,678 449,623 541,700 432,528 Total loans, net of allowance Level 3 8,040,249 7,379,079 6,574,178 6,240,870 Accrued interest receivable Level 1 37,351 37,351 29,710 29,710 Bank-owned life insurance Level 1 183,897 183,897 164,592 164,592 SBA servicing asset Level 3 3,351 4,049 4,004 4,721 Demand deposits, money market and savings Level 1 9,052,905 9,052,905 8,224,956 8,224,956 Time deposits Level 2 978,694 972,513 1,002,573 993,989 Borrowings Level 2 630,158 615,614 287,507 277,146 Accrued interest payable Level 1 5,699 5,699 2,738 2,738

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Outstanding Restricted Stock	The following table presents information regarding the activity during 2021, 2022, and 2023 related to the Company’s outstanding restricted stock: Long-Term Restricted Stock Shares Weighted Average Grant Date Fair Value Nonvested at January 1, 2021 172,105 $ 33.80 Granted during the period 104,414 40.56 Vested during the period (63,369) 39.82 Forfeited or expired during the period (6,819) 37.32 Nonvested at December 31, 2021 206,331 35.25 Granted during the period 95,960 38.09 Vested during the period (70,110) 36.69 Forfeited or expired during the period (9,169) 32.62 Nonvested at December 31, 2022 223,012 36.14 Granted during the period 143,380 37.08 Vested during the period (74,310) 29.43 Forfeited or expired during the period (791) 37.88 Nonvested at December 31, 2023 291,291 38.01
Schedule of Company's Stock Options Outstanding	Stock option activity and related information is presented below as of and for the periods indicated: Options Outstanding Number of Weighted- Weighted- Aggregate Balance at January 1, 2023 — — Replacement options issued in conjunction with acquisition of GrandSouth 542,345 20.14 Exercised during the period (236,760) 19.09 Forfeited or expired during the period — — Outstanding at December 31, 2023 305,585 20.95 5.74 $ 4,907 Exercisable at December 31, 2023 305,585 20.95 5.74 $ 4,907
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	The following table illustrates the assumptions for the Black-Scholes model used in determining the fair value of options granted: For the twelve months ended December 31, 2023 Fair value per option, weighted average $ 24.85 Expected life (years) 1.4 - 4.7 Expected stock price volatility, weighted average 46.39 % Expected dividend yield 2.05 % Risk-free interest rate, weighted average 4.18 % Expected forfeiture rate — %
Share-Based Payment Arrangement, Option, Exercise Price Range	Stock options outstanding are summarized as follows as of December 31, 2023: Shares Range Weighted Average Price Weighted Average Remaining Life in Years 77,857 $13.79 - 18.18 15.69 3.51 120,500 $18.19 18.19 5.48 107,228 $18.20 - 31.32 27.88 7.64 305,585 20.95 5.74

Regulatory Restrictions (Tables

Regulatory Restrictions (Tables)	12 Months Ended
	Dec. 31, 2023
Regulatory Restrictions [Abstract]
Schedule of Capital Ratios	Actual Fully Phased-In Regulatory To Be Well Capitalized ($ in thousands) Amount Ratio Amount Ratio Amount Ratio (must equal or exceed) (must equal or exceed) As of December 31, 2023 Common Equity Tier I Capital Ratio Company $ 1,187,027 13.20 % 629,376 7.00 % N/A N/A Bank 1,291,074 14.36 % 629,256 7.00 % 584,309 6.50 % Total Capital Ratio Company 1,397,502 15.54 % 944,064 10.50 % N/A N/A Bank 1,403,551 15.61 % 943,884 10.50 % 898,938 10.00 % Tier I Capital Ratio Company 1,257,834 13.99 % 764,242 8.50 % N/A N/A Bank 1,291,074 14.36 % 764,097 8.50 % 719,150 8.00 % Leverage Ratio Company 1,257,834 10.91 % 461,312 4.00 % N/A N/A Bank 1,291,074 11.20 % 461,248 4.00 % 576,560 5.00 % As of December 31, 2022 Common Equity Tier I Capital Ratio Company $ 1,010,369 13.02 % 543,403 7.00 % N/A N/A Bank 1,077,526 13.88 % 543,301 7.00 % 504,494 6.50 % Total Capital Ratio Company 1,171,084 15.09 % 815,104 10.50 % N/A N/A Bank 1,174,634 15.13 % 814,951 10.50 % 776,144 10.00 % Tier I Capital Ratio Company 1,073,958 13.83 % 659,846 8.50 % N/A N/A Bank 1,077,526 13.88 % 659,723 8.50 % 620,915 8.00 % Leverage Ratio Company 1,073,958 10.51 % 408,623 4.00 % N/A N/A Bank 1,077,526 10.55 % 408,569 4.00 % 510,712 5.00 %

Supplementary Income Statemen_2

Supplementary Income Statement Information (Tables)	12 Months Ended
	Dec. 31, 2023
Other Income and Expenses [Abstract]
Schedule of Components of Other Noninterest Income/Expense	Components of other noninterest income or noninterest expense exceeding 1% of total revenue for any of the years ended December 31, 2023, 2022, and 2021 are as follows: ($ in thousands) 2023 2022 2021 Total revenue threshold (1%) $ 5,462 4,089 3,295 Noninterest income: Other service charges, commissions, and fees – interchange fees, net $ 9,319 14,996 17,323 Noninterest expense: Other operating expenses – software costs 8,717 6,064 5,315 Other operating expenses – data processing expense 8,733 7,535 5,959 Other operating expenses – credit card rewards expense 3,841 547 3,431 Other operating expenses – FDIC insurance expense 6,982 2,913 2,332

Condensed Parent Company Info_2

Condensed Parent Company Information (Tables)	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheets	CONDENSED BALANCE SHEETS As of December 31, ($ in thousands) 2023 2022 Assets Cash on deposit with bank subsidiary $ 4,597 5,611 Investment in subsidiaries 1,478,750 1,100,829 Premises and equipment 7 7 Other assets 379 22 Total assets $ 1,483,733 1,106,469 Liabilities and shareholders’ equity Subordinated debt $ 27,177 — Trust preferred securities 73,130 65,665 Other liabilities 11,046 9,208 Total liabilities 111,353 74,873 Shareholders’ equity 1,372,380 1,031,596 Total liabilities and shareholders’ equity $ 1,483,733 1,106,469
Condensed Statements of Income	CONDENSED STATEMENTS OF INCOME Year Ended December 31, ($ in thousands) 2023 2022 2021 Interest income $ 116 48 24 Dividends from subsidiaries 32,700 17,400 25,300 Total income 32,816 17,448 25,324 Interest expense 7,945 2,926 1,455 Other expenses 2,057 1,693 5,345 Total expense 10,002 4,619 6,800 Income before income taxes and equity in undistributed income of subsidiaries 22,814 12,829 18,524 Income tax benefit (2,076) (960) (1,423) Income before equity in undistributed income of subsidiaries 24,890 13,789 19,947 Equity in undistributed income of subsidiaries 79,241 133,147 75,697 Net income $ 104,131 146,936 95,644
Condensed Statements of Cash Flows	CONDENSED STATEMENTS OF CASH FLOWS Year Ended December 31, ($ in thousands) 2023 2022 2021 Operating Activities: Net income $ 104,131 146,936 95,644 Equity in undistributed earnings of subsidiaries (79,241) (133,147) (75,697) (Increase) decrease in other assets (604) 4,055 3,924 Increase (decrease) in other liabilities 1,741 642 (859) Net cash provided by operating activities 26,027 18,486 23,012 Investing Activities: Net cash received in acquisitions 4,123 — 7,379 Net cash provided by investing activities 4,123 — 7,379 Financing Activities: Payment of common stock cash dividends (34,940) (30,660) (22,228) Repurchases of common stock — — (4,036) Proceeds from stock option exercises 4,519 — — Stock withheld for payment of taxes (743) (840) (786) Net cash used in financing activities (31,164) (31,500) (27,050) Net (decrease) increase in cash (1,014) (13,014) 3,341 Cash, beginning of year 5,611 18,625 15,284 Cash, end of year $ 4,597 5,611 18,625

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Reconciliation of the Numerators and Denominators Used in Computing Basic and Diluted Earnings Per Common Share	The following is a reconciliation of the income (numerator) and shares (denominator) used in computing Basic and Diluted EPS: For Years Ended December 31, 2023 2022 2021 ($ in thousands except per Income Shares Per Share Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 104,131 $ 146,936 $ 95,644 Less: income allocated to participating securities (685) (779) (483) Basic EPS per common share $ 103,446 40,746,772 $ 2.54 $ 146,157 35,485,620 $ 4.12 $ 95,161 29,876,151 $ 3.19 Diluted EPS: Net income $ 104,131 40,746,772 $ 146,936 35,485,620 $ 95,644 29,876,151 Effect of Dilutive Securities — 418,062 — 189,110 — 151,634 Diluted EPS per common share $ 104,131 41,164,834 $ 2.53 $ 146,936 35,674,730 $ 4.12 $ 95,644 30,027,785 $ 3.19

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of AOCI for the Company are as follows: ($ in thousands) December 31, December 31, December 31, Unrealized loss on securities available for sale $ (400,720) (444,063) (32,067) Deferred tax asset 92,767 102,046 7,369 Net unrealized loss on securities available for sale (307,953) (342,017) (24,698) Postretirement plans (liability) asset (100) 54 (353) Deferred tax asset (liability) 23 (12) 81 Net postretirement plans (liability) asset (77) 42 (272) Total accumulated other comprehensive loss $ (308,030) (341,975) (24,970) The following table discloses the changes in AOCI for the years ended December 31, 2023, 2022, and 2021 (all amounts are net of tax). ($ in thousands) Unrealized Gain (Loss) on Securities Available for Sale Postretirement Plans (Liability) Asset Total Beginning balance at January 1, 2021 $ 15,749 (1,399) 14,350 Other comprehensive (loss) income before reclassifications (41,400) 671 (40,729) Amounts reclassified from accumulated other comprehensive income 953 456 1,409 Net current-period other comprehensive (loss) income (40,447) 1,127 (39,320) Ending balance at December 31, 2021 (24,698) (272) (24,970) Other comprehensive (loss) income before reclassifications (317,319) 536 (316,783) Amounts reclassified from accumulated other comprehensive income — (222) (222) Net current-period other comprehensive (loss) income (317,319) 314 (317,005) Ending balance at December 31, 2022 (342,017) 42 (341,975) Other comprehensive income (loss) before reclassifications 34,064 (466) 33,598 Amounts reclassified from accumulated other comprehensive income — 347 347 Net current-period other comprehensive income (loss) 34,064 (119) 33,945 Ending balance at December 31, 2023 $ (307,953) (77) (308,030)

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Noninterest Income	The following table presents the Company’s sources of noninterest income for years ended December 31, 2023, 2022, and 2021. Items outside the scope of ASC 606 are noted as such. For the Years Ended December 31, ($ in thousands) 2023 2022 2021 Noninterest income in-scope of ASC 606: Service charges on deposit accounts $ 16,800 15,523 12,317 Other service charges, commissions, and fees: Bankcard Interchange income, net 9,319 14,996 17,323 Other service charges and fees 6,405 5,683 4,352 Commissions from sales of insurance and financial products: Insurance income — — 2,725 Wealth management income 5,503 5,195 4,160 SBA consulting fees 1,803 2,608 7,231 Noninterest income (in-scope of ASC 606) 39,830 44,005 48,108 Noninterest income (out-of-scope of ASC 606) 17,660 23,980 25,503 Total noninterest income $ 57,490 67,985 73,611

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Basis of Presentation (Details)	Dec. 31, 2023 subsidiary
First Bank
Subsidiary or Equity Method Investee [Line Items]
Number of wholly owned subsidiaries	3

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Allowance for Credit Losses - Securities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Taxable interest income
Accrued interest on held to maturity debt securities	$ 4.2	$ 4.3
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Taxable interest income
Accrued interest on available for sale debt securities	$ 5.2	$ 5.7

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Loans (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable
Accrued interest receivable on loans	$ 28	$ 19.7
Threshold period for discontinuing accrual of interest on loans	90 days

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Allowance for Credit Losses - Loans (Details)	Dec. 31, 2023 creditScore
Real estate, commercial | Commercial real estate - owner occupied | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	80%
Real estate, commercial | Commercial real estate - owner occupied | Minimum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt service coverage ratio	1.3
Real estate, commercial | Commercial real estate - non owner occupied | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	80%
Real estate, commercial | Commercial real estate - non owner occupied | Minimum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt service coverage ratio	1.3
Real estate, commercial | Construction, development & other land loans | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	80%
Real estate, mortgage | Home equity loans/lines of credit | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	80%
Debt to income (as a percent)	40%
Real estate, mortgage | Home equity loans/lines of credit | Minimum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
FICO score	660
Real estate, mortgage | Residential 1-4 family real estate | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	90%
Debt to income (as a percent)	50%
Real estate, mortgage | Residential 1-4 family real estate | Minimum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
FICO score	640
Real estate, mortgage | Construction, development & other land loans | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	85%
Commercial and industrial | Minimum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt service coverage ratio	1.25
Commercial and industrial | Equipment And Accounts Receivable | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	80%
Commercial and industrial | Inventory Loan | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Loan to value (as a percent)	40%
Consumer loans | Maximum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Debt to income (as a percent)	40%
Consumer loans | Minimum
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
FICO score	660

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - SBA Loans (Details)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SBA loan, amortization period	25 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets (Details)	Dec. 31, 2023
Minimum
Finite-Lived Intangible Assets [Line Items]
Identifiable intangible assets, useful life	5 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Identifiable intangible assets, useful life	10 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Foreclosed Properties (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Nonperforming assets
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Foreclosed properties	$ 0.9	$ 0.7

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Other Investments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Other Investments	$ 27.6	$ 18.5

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisitions, Narrative (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Jan. 01, 2023 USD ($) option branchOffice $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 478,750	$ 364,263	$ 364,263
Fair value mark	$ 29,500
Assets		12,114,942	10,625,049
Loans		8,150,102	6,665,145
Deposits		10,031,599	9,227,529
Merger and acquisition expenses		13,695	5,072	16,845
Provision for loan losses		19,750	12,600	9,611
(Reversal of) provision for unfunded commitments		(1,937)	(200)	$ 5,420
Unfunded Loan Commitment
Business Acquisition [Line Items]
Provision for loan losses		$ (3,858)	(200)
Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life		5 years
Core Deposits | Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life		10 years
Grand South
Business Acquisition [Line Items]
Merger and acquisition expenses		$ 13,700
Grand South
Business Acquisition [Line Items]
Percentage of voting interest acquired	100%
Common stock portion, number of First Bancorp's stock for each share of acquiree common stock converted (in shares) | shares	0.91
Number of shares issued | shares	5,032,834
Common stock options converted | option	542,345
Business acquisition, equity interest issued or issuable, common stock options, converted, exercise price (in dollars per share) | $ / shares	$ 20.14
Total purchase price	$ 229,489
Price per share at acquisition date (in US dollars per share) | $ / shares	$ 42.84
Number banking locations | branchOffice	8
Goodwill	$ 114,487
Loans reclassified from fair value mark to ACL resulting from PCD loans	5,610
Other assets acquired	27,163
Liabilities assumed	1,088,197
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Financing Receivable, Allowance For Credit Loss, Excluding Accrued Interest			$ 2,200
Allowance for credit loss, increase from acquisition, non-purchase	12,200
Grand South | Unfunded Loan Commitment
Business Acquisition [Line Items]
Provision for loan losses	$ 1,900
Grand South | Core deposit intangibles
Business Acquisition [Line Items]
Identifiable intangible assets, useful life	10 years
Useful life	41 months

Acquisitions and Dispositions_2

Acquisitions and Dispositions - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Liabilities assumed:
Goodwill recorded related to acquisition of GrandSouth		$ 478,750	$ 364,263	$ 364,263
Grand South
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract]
Cash and cash equivalents	$ 22,610
Securities available for sale	112,363
Loans, gross	996,833
Allowance for credit losses	(5,610)
Premises and equipment	20,268
Core deposit intangible	28,840
Operating right-of-use assets	732
Other assets	27,163
Total	1,203,199
Liabilities assumed:
Deposits	1,045,308
Borrowings	38,800
Other liabilities	4,089
Total	1,088,197
Net identifiable assets acquired	115,002
Total purchase price	229,489
Goodwill recorded related to acquisition of GrandSouth	$ 114,487

Acquisitions and Dispositions_3

Acquisitions and Dispositions - Acquired Loans (Details) - Grand South $ in Thousands	Jan. 01, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Par value	$ 152,487
Allowance for credit losses	(5,610)
Non-credit discount	(1,370)
Purchase price	145,507
Non-PCD Loans
Non-PCD Loans:
Fair Value	845,716
Gross contractual amounts receivable	865,132
Estimate of contractual cash flows not expected to be collected	$ 22,542

Acquisitions and Dispositions_4

Acquisitions and Dispositions - Summary of Proforma Combined (Details) - Grand South - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Pro Forma Revenue		$ 454,579
Pro Forma Net Income		$ 161,826
Pro Forma Information, Revenue Since Acquisition Date, Actual	$ 58,301
Pro Forma Information, Net Income Since Acquisition Date, Actual	$ 22,058

Securities - Summary of Book Va

Securities - Summary of Book Values and Fair Values of Investment Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value
Amortized Cost	$ 2,590,099	$ 2,758,556
Fair Value	2,189,379	2,314,493
Unrealized Gains	30	4
Unrealized (Losses)	(400,750)	(444,067)
Securities held to maturity:
Amortized Cost	533,678	541,700
Fair Value	449,623	432,528
Unrealized Gains	39	7
Unrealized (Losses)	(84,094)	(109,179)
US Treasury Securities
Fair Value
Amortized Cost	174,785
Fair Value	172,570
Unrealized Gains	0
Unrealized (Losses)	(2,215)
Securities held to maturity:
Amortized Cost		174,420
Fair Value		168,758
Unrealized Gains		0
Unrealized (Losses)		(5,662)
Government-sponsored enterprise securities
Fair Value
Amortized Cost	71,964	71,957
Fair Value	60,266	57,456
Unrealized Gains	0	0
Unrealized (Losses)	(11,698)	(14,501)
Mortgage-backed securities
Fair Value
Amortized Cost	2,323,674	2,467,839
Fair Value	1,937,784	2,045,000
Unrealized Gains	30	4
Unrealized (Losses)	(385,920)	(422,843)
Securities held to maturity:
Amortized Cost	12,085	15,150
Fair Value	11,447	14,221
Unrealized Gains	0	0
Unrealized (Losses)	(638)	(929)
Corporate bonds
Fair Value
Amortized Cost	19,676	44,340
Fair Value	18,759	43,279
Unrealized Gains	0	0
Unrealized (Losses)	(917)	(1,061)
State and local governments
Securities held to maturity:
Amortized Cost	521,593	526,550
Fair Value	438,176	418,307
Unrealized Gains	39	7
Unrealized (Losses)	$ (83,456)	$ (108,250)

Securities - Narrative (Details

Securities - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) security $ / shares shares	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Debt and Equity Securities, FV-NI [Line Items]
Private mortgage-backed security fair value	$ 700,000	$ 800,000
Number of securities | security	657	666
Number of securities in an unrealized loss position | security	632	644
Investment securities, pledged as collateral for public deposits	$ 820,900,000
Proceeds from sales of securities available for sale	111,863,000	$ 0	$ 106,484,000
Losses on sales of securities available for sale, net	0	0	$ (1,237,000)
FHLB stock and FRB stock, cost	54,500,000	39,600,000
FHLB, cost	21,700,000	14,700,000
FRB stock	32,800,000	24,900,000
Collateral For Public Deposits
Debt and Equity Securities, FV-NI [Line Items]
Investment securities, pledged as collateral for public deposits	971,300,000	758,000,000
Collateral For FRB Borrowings
Debt and Equity Securities, FV-NI [Line Items]
Investment securities, pledged as collateral for public deposits	$ 679,000,000	$ 0
Visa, Inc | Common Class B
Debt and Equity Securities, FV-NI [Line Items]
Stock owned (in shares) | shares	12,356
Carrying value of shares	$ 0
Visa, Inc | Common Class A
Debt and Equity Securities, FV-NI [Line Items]
Conversion price (in usd per share) | $ / shares	$ 1.59
Conversion of stock (in shares) | shares	19,615

Securities - Schedule of Inform

Securities - Schedule of Information Regarding Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS and HTM	$ 1,117	$ 478,793
Unrealized Losses, AFS and HTM	5	33,147
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS and HTM	2,628,150	2,263,197
Unrealized Losses, AFS and HTM	484,839	520,099
Total
Fair Value, AFS and HTM	2,629,267	2,741,990
Unrealized Losses, AFS and HTM	484,844	553,246
US Treasury Securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS	0	168,758
Unrealized Losses, AFS	0	5,662
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS	172,570	0
Unrealized Losses, AFS	2,215	0
Total
Fair Value, AFS	172,570	168,758
Unrealized Losses, AFS	2,215	5,662
Government-sponsored enterprise securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS	0	0
Unrealized Losses, AFS	0	0
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS	60,266	57,456
Unrealized Losses, AFS	11,698	14,501
Total
Fair Value, AFS	60,266	57,456
Unrealized Losses, AFS	11,698	14,501
Mortgage-backed securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS and HTM	1,117	221,006
Unrealized Losses, AFS and HTM	5	18,215
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS and HTM	1,945,830	1,835,958
Unrealized Losses, AFS and HTM	386,553	405,557
Total
Fair Value, AFS and HTM	1,946,947	2,056,964
Unrealized Losses, AFS and HTM	386,558	423,772
Corporate bonds
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, AFS	0	40,644
Unrealized Losses, AFS	0	947
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, AFS	17,008	886
Unrealized Losses, AFS	917	114
Total
Fair Value, AFS	17,008	41,530
Unrealized Losses, AFS	917	1,061
State and local governments
Securities in an Unrealized Loss Position for Less than 12 Months
Fair Value, HTM	0	48,385
Unrealized Losses, HTM	0	8,323
Securities in an Unrealized Loss Position for More than 12 Months
Fair Value, HTM	432,476	368,897
Unrealized Losses, HTM	83,456	99,927
Total
Fair Value, HTM	432,476	417,282
Unrealized Losses, HTM	$ 83,456	$ 108,250

Securities - Schedule of Book V

Securities - Schedule of Book Values and Fair Values of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Due within one year	$ 177,290
Due after one year but within five years	10,000
Due after five years but within ten years	78,135
Due after ten years	1,000
Mortgage-backed securities	2,323,674
Amortized Cost	2,590,099	$ 2,758,556
Fair Value
Due within one year	174,976
Due after one year but within five years	8,602
Due after five years but within ten years	67,018
Due after ten years	999
Mortgage-backed securities	1,937,784
Total securities	2,189,379	2,314,493
Amortized Cost
Due within one year	0
Due after one year but within five years	1,998
Due after five years but within ten years	129,097
Due after ten years	390,498
Mortgage-backed securities	12,085
Amortized Cost	533,678	541,700
Fair Value
Due within one year	0
Due after one year but within five years	1,797
Due after five years but within ten years	110,785
Due after ten years	325,594
Mortgage-backed securities	11,447
Total securities	$ 449,623	$ 432,528

Loans, Allowance for Credit L_3

Loans, Allowance for Credit Losses, and Asset Quality Information - Summary of Major Categories of Total Loans Outstanding (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 8,150,280	$ 6,666,548
Unamortized net deferred loan fees	(178)	(1,403)
Total loans	$ 8,150,102	$ 6,665,145
Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	100%	100%
Total SBA loans included in the table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 143,246	$ 148,803
Guaranteed portions of SBA Loans included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	35,462	31,893
Unguaranteed portions of SBA Loans included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	107,784	116,910
Sold portions of SBA loans with servicing retained - not included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	349,275	392,370
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 905,862	$ 641,941
Commercial and industrial | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	11%	9%
Real estate, commercial | Construction, development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 992,980	$ 934,176
Real estate, commercial | Construction, development & other land loans | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	12%	14%
Real estate, commercial | Commercial real estate - owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 1,259,022	$ 1,036,270
Real estate, commercial | Commercial real estate - owner occupied | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	16%	16%
Real estate, commercial | Commercial real estate - non owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 2,528,060	$ 2,123,811
Real estate, commercial | Commercial real estate - non owner occupied | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	31%	32%
Real estate, commercial | Multi-family real estate
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 421,376	$ 350,180
Real estate, commercial | Multi-family real estate | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	5%	5%
Real estate, mortgage | Residential 1-4 family real estate
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 1,639,469	$ 1,195,785
Real estate, mortgage | Residential 1-4 family real estate | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	20%	18%
Real estate, mortgage | Home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 335,068	$ 323,726
Real estate, mortgage | Home equity loans/lines of credit | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	4%	5%
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process	$ 68,443	$ 60,659
Consumer loans | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	1%	1%

Loans, Allowance for Credit L_4

Loans, Allowance for Credit Losses, and Asset Quality Information - Narrative (Details) $ in Thousands		12 Months Ended
	Jan. 01, 2023 USD ($)	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Unamortized discount on acquired loans		$ 24,000	$ 11,600
Loans		8,150,102	$ 6,665,145
Number of loans to debtors with nonperforming loans | loan			1
Net book balance of individually evaluated loans on nonaccrual, threshold amount for designation as collateral dependent loans		500
Revolving, converted to term loan		25,900	$ 7,900
Allowance for credit loss, fee, and loan in process		8,150,280	6,666,548
Allowance for credit losses on loans		109,853	90,967	$ 78,789	$ 52,388
Interest income on nonaccrual loans		0	0
Grand South
Loans and Leases Receivable Disclosure [Line Items]
Loans reclassified from fair value mark to ACL resulting from PCD loans	$ 5,610
Allowance for credit loss, increase from acquisition, non-purchase	$ 12,200
SBA Loans
Loans and Leases Receivable Disclosure [Line Items]
Unamortized discount on acquired loans		3,500	4,300
Asset Pledged as Collateral without Right
Loans and Leases Receivable Disclosure [Line Items]
Loans		6,500,000	5,300,000
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process		905,862	641,941
Allowance for credit losses on loans		21,227	17,718	16,249	11,316
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process		68,443	60,659
Allowance for credit losses on loans		2,992	2,900	2,656	$ 1,478
Special Mention Loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process		44,100	39,000
Special Mention Loans | Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process		0	0
Classified
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process		54,200	48,500
Classified | Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit loss, fee, and loan in process		$ 250	435
Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans		90%
Real Estate | Receivable Benchmark | Collateral Type Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Concentration risk percentage		88%
Hotel | Minimum
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans		10%
Hotel | Maximum
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans		25%
Non Real Estate
Loans and Leases Receivable Disclosure [Line Items]
Threshold percentage to write-off nonaccrual loans		75%
Management
Loans and Leases Receivable Disclosure [Line Items]
Loans		$ 63,700	6,000
Number of new loans to related parties | loan		9
New loans to related parties		$ 58,500
Repayments received from related parties		800
Management | Unused lines of Credit
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, excluding accrued interest, available credit		2,700	1,200
Residential Mortgage Loans
Loans and Leases Receivable Disclosure [Line Items]
Presold mortgages in process of settlement		1,000	800
Unfunded Loan Commitment
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses on loans		$ 11,369	$ 13,306	$ 13,506

Loans, Allowance for Credit L_5

Loans, Allowance for Credit Losses, and Asset Quality Information - Summary of Nonperforming Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	$ 32,208	$ 28,514
Total loans	8,150,102	6,665,145
Nonperforming assets
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	32,208	28,514
Modifications to borrowers in financial distress	11,719	0
TDRs - accruing	0	9,121
Total loans	43,927	37,635
Foreclosed properties	862	658
Total nonperforming assets	$ 44,789	$ 38,293

Loans, Allowance for Credit L_6

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	$ 8,559	$ 9,022
Nonaccrual Loans with an Allowance	23,649	19,492
Nonaccrual loans	32,208	28,514
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	944	3,855
Nonaccrual Loans with an Allowance	8,932	6,374
Nonaccrual loans	9,876	10,229
Real estate, commercial | Construction, development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	0
Nonaccrual Loans with an Allowance	399	1,009
Nonaccrual loans	399	1,009
Real estate, commercial | Commercial real estate - owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	960	3,903
Nonaccrual Loans with an Allowance	6,082	5,770
Nonaccrual loans	7,042	9,673
Real estate, commercial | Commercial real estate - non owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	6,121	1,107
Nonaccrual Loans with an Allowance	1,082	1,725
Nonaccrual loans	7,203	2,832
Real estate, commercial | Multi-family real estate
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	0	0
Real estate, mortgage | Residential 1-4 family real estate
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	157
Nonaccrual Loans with an Allowance	4,843	3,132
Nonaccrual loans	4,843	3,289
Real estate, mortgage | Home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	534	0
Nonaccrual Loans with an Allowance	2,169	1,397
Nonaccrual loans	2,703	1,397
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	0
Nonaccrual Loans with an Allowance	142	85
Nonaccrual loans	$ 142	$ 85

Loans, Allowance for Credit L_7

Loans, Allowance for Credit Losses, and Asset Quality Information - Accrued Interest Receivable Written Off (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	$ 642	$ 324
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	225	102
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	10	16
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	124	124
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	186	15
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	38	45
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	57	20
Consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	$ 2	$ 2

Loans, Allowance for Credit L_8

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Analysis of Payment Status of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Loans	$ 8,150,102	$ 6,665,145
Nonaccrual loans	32,208	28,514
Unamortized net deferred loan fees	(178)	(1,403)
Total Loans Receivable	8,150,280	6,666,548
Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	24,975	5,417
Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	4,798	2,811
Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	8,088,299	6,629,806
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	9,876	10,229
Total Loans Receivable	905,862	641,941
Commercial and industrial | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,726	438
Commercial and industrial | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	257	565
Commercial and industrial | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Commercial and industrial | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	892,003	630,709
Commercial and industrial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	905,862	641,941
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	399	1,009
Total Loans Receivable	992,980	934,176
Real estate, commercial | Construction, development & other land loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	241	238
Real estate, commercial | Construction, development & other land loans | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	256	1,687
Real estate, commercial | Construction, development & other land loans | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Construction, development & other land loans | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	992,084	931,242
Real estate, commercial | Construction, development & other land loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	992,980	934,176
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	7,042	9,673
Total Loans Receivable	1,259,022	1,036,270
Real estate, commercial | Commercial real estate - owner occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	906	124
Real estate, commercial | Commercial real estate - owner occupied | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	404	48
Real estate, commercial | Commercial real estate - owner occupied | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Commercial real estate - owner occupied | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	1,250,670	1,026,425
Real estate, commercial | Commercial real estate - owner occupied | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,259,022	1,036,270
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	7,203	2,832
Total Loans Receivable	2,528,060	2,123,811
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	361	496
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	49
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Commercial real estate - non owner occupied | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	2,520,496	2,120,434
Real estate, commercial | Commercial real estate - non owner occupied | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,528,060	2,123,811
Real estate, commercial | Multi-family real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	0	0
Total Loans Receivable	421,376	350,180
Real estate, commercial | Multi-family real estate | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Multi-family real estate | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Multi-family real estate | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Multi-family real estate | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	421,376	350,180
Real estate, commercial | Multi-family real estate | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	421,376	350,180
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	4,843	3,289
Total Loans Receivable	1,639,469	1,195,785
Real estate, mortgage | Residential 1-4 family real estate | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	18,868	3,415
Real estate, mortgage | Residential 1-4 family real estate | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,401	25
Real estate, mortgage | Residential 1-4 family real estate | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, mortgage | Residential 1-4 family real estate | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	1,612,357	1,189,056
Real estate, mortgage | Residential 1-4 family real estate | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,639,469	1,195,785
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	2,703	1,397
Total Loans Receivable	335,068	323,726
Real estate, mortgage | Home equity loans/lines of credit | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	603	457
Real estate, mortgage | Home equity loans/lines of credit | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	349	371
Real estate, mortgage | Home equity loans/lines of credit | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, mortgage | Home equity loans/lines of credit | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	331,413	321,501
Real estate, mortgage | Home equity loans/lines of credit | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	335,068	323,726
Consumer loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	142	85
Total Loans Receivable	68,443	60,659
Consumer loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	270	249
Consumer loans | Accruing 60- 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	131	66
Consumer loans | Accruing 90 Days or More Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Consumer loans | Accruing Current
Financing Receivable, Past Due [Line Items]
Loans	67,900	60,259
Consumer loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 68,443	$ 60,659

Loans, Allowance for Credit L_9

Loans, Allowance for Credit Losses, and Asset Quality Information - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 10,182
Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	534
Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,385
Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0
Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	7,263
Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	534	$ 13,274
Accruing 30-59 Days Past Due | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	534	157
Accruing 30-59 Days Past Due | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	6,394
Accruing 30-59 Days Past Due | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Accruing 30-59 Days Past Due | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	6,723
Commercial and industrial | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,385	6,394
Commercial and industrial | Accruing 30-59 Days Past Due | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial and industrial | Accruing 30-59 Days Past Due | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,385	6,394
Commercial and industrial | Accruing 30-59 Days Past Due | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial and industrial | Accruing 30-59 Days Past Due | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		4,578
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	1,142
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - owner occupied | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - owner occupied | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - owner occupied | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - owner occupied | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	1,142	4,578
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - non owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	6,121	2,145
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - non owner occupied | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - non owner occupied | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - non owner occupied | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - non owner occupied | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 6,121	2,145
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		157
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		157
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		$ 0

Loans, Allowance for Credit _10

Loans, Allowance for Credit Losses, and Asset Quality Information - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 10,182
Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	534
Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,385
Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0
Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	7,263
Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	534	$ 13,274
Accruing 30-59 Days Past Due | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	534	157
Accruing 30-59 Days Past Due | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	6,394
Accruing 30-59 Days Past Due | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Accruing 30-59 Days Past Due | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	6,723
Commercial and industrial | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,385	6,394
Commercial and industrial | Accruing 30-59 Days Past Due | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial and industrial | Accruing 30-59 Days Past Due | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,385	6,394
Commercial and industrial | Accruing 30-59 Days Past Due | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	0
Commercial and industrial | Accruing 30-59 Days Past Due | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 0	0
Real estate, commercial | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		4,578
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		157
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		157
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Land
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		$ 0

Loans, Allowance for Credit _11

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Activity in Allowance for Loan Losses for Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 90,967	$ 78,789	$ 52,388
Initial ACL for acquired PCD loans	5,610		4,895
Charge-offs	(10,175)	(4,465)	(7,602)
Recoveries	3,701	4,043	4,922
Provisions/(Reversals)	19,750	12,600	9,611
Ending balance	109,853	90,967	78,789
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			14,575
Commercial and industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	17,718	16,249	11,316
Initial ACL for acquired PCD loans	5,197		2,917
Charge-offs	(8,358)	(2,519)	(3,722)
Recoveries	1,393	756	1,744
Provisions/(Reversals)	5,277	3,232	927
Ending balance	21,227	17,718	16,249
Commercial and industrial | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			3,067
Real estate, commercial | Construction, development & other land loans
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	15,128	16,519	5,355
Initial ACL for acquired PCD loans	49		165
Charge-offs	(120)	0	(245)
Recoveries	370	480	948
Provisions/(Reversals)	(1,487)	(1,871)	4,156
Ending balance	13,940	15,128	16,519
Real estate, commercial | Construction, development & other land loans | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			6,140
Real estate, commercial | Commercial real estate - owner occupied
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	14,972	12,317	10,608
Initial ACL for acquired PCD loans	191		307
Charge-offs	(144)	(214)	(362)
Recoveries	465	691	150
Provisions/(Reversals)	2,734	2,178	1,803
Ending balance	18,218	14,972	12,317
Real estate, commercial | Commercial real estate - owner occupied | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			(189)
Real estate, commercial | Commercial real estate - non owner occupied
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	22,780	16,789	11,465
Initial ACL for acquired PCD loans	51		1,181
Charge-offs	(235)	(849)	(1,933)
Recoveries	737	1,281	371
Provisions/(Reversals)	1,583	5,559	5,325
Ending balance	24,916	22,780	16,789
Real estate, commercial | Commercial real estate - non owner occupied | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			380
Real estate, commercial | Multi-family real estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,957	1,236	1,530
Initial ACL for acquired PCD loans	0		1
Charge-offs	0	0	0
Recoveries	13	11	12
Provisions/(Reversals)	855	1,710	141
Ending balance	3,825	2,957	1,236
Real estate, commercial | Multi-family real estate | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			(448)
Real estate, mortgage | Residential 1-4 family real estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	11,354	8,686	8,048
Initial ACL for acquired PCD loans	113		222
Charge-offs	(4)	0	(273)
Recoveries	377	17	761
Provisions/(Reversals)	9,556	2,651	(2,656)
Ending balance	21,396	11,354	8,686
Real estate, mortgage | Residential 1-4 family real estate | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			2,584
Real estate, mortgage | Home equity loans/lines of credit
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,158	4,337	2,375
Initial ACL for acquired PCD loans	8		92
Charge-offs	(309)	(43)	(400)
Recoveries	98	600	578
Provisions/(Reversals)	384	(1,736)	(888)
Ending balance	3,339	3,158	4,337
Real estate, mortgage | Home equity loans/lines of credit | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			2,580
Consumer loans
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,900	2,656	1,478
Initial ACL for acquired PCD loans	1		10
Charge-offs	(1,005)	(840)	(667)
Recoveries	248	207	358
Provisions/(Reversals)	848	877	803
Ending balance	$ 2,992	2,900	2,656
Consumer loans | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			674
Unallocated
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ 0	213
Initial ACL for acquired PCD loans			0
Charge-offs			0
Recoveries			0
Provisions/(Reversals)			0
Ending balance			0
Unallocated | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			$ (213)

Loans, Allowance for Credit _12

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Recorded Investment in Loans by Credit Quality Indicators (OLD DISCLOSURE) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Unamortized net deferred loan fees	$ (178)	$ (1,403)

Loans, Allowance for Credit _13

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Financial Effect of Modifications (Details)	12 Months Ended
	Dec. 31, 2023
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	4 months
Weighted Average Term Extension (in months)	31 months
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	1.55%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	19 months
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	11 months
Weighted Average Term Extension (in months)	34 months
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	13 months
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	23 months
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	2.40%
Weighted Average Payment Delay (in months)	13 months
Weighted Average Term Extension (in months)	49 months
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	24 months

Loans, Allowance for Credit _14

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Recorded Investment in Loans by Credit Quality Indicators (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
2021	$ 1,886,592	$ 2,200,727
2020	2,026,392	1,850,445
2019	1,690,561	897,337
2018	817,077	444,804
2017	382,928	957
Prior	537,330	750,041
Revolving	809,400	522,237
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	8,150,280	6,666,548
Unamortized net deferred loan fees	(178)	(1,403)
Loans	8,150,102	6,665,145
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	205
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	1,115
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	1,070
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	560
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	821
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	1,764
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	4,640
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	10,175	4,465	$ 7,602
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	905,862	641,941
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	8,358	2,519	3,722
Commercial and industrial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	905,862	641,941
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	16,627	35,726
2020	12,913	7,977
2019	5,044	3,613
2018	2,173	1,057
2017	435	3
Prior	463	1,275
Revolving	30,788	11,008
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	68,443	60,659
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	34
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	79
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	73
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	23
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	1
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	795
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	1,005	840	667
Consumer loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	68,443	60,659
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	141,193	186,243
2020	164,830	109,822
2019	111,956	86,566
2018	76,886	53,970
2017	40,590	590
Prior	65,785	83,340
Revolving	304,622	121,410
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	905,862	641,941
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	171
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	1,036
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	713
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	537
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	821
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	1,547
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	3,533
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	8,358
Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	565,144	556,536
2020	232,431	267,208
2019	90,433	46,138
2018	16,662	31,872
2017	11,608	0
Prior	5,831	12,866
Revolving	70,871	19,556
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	992,980	934,176
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	120
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	120	0	245
Construction, development & other land loans | Real estate, commercial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	992,980	934,176
Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	365,939	319,234
2020	400,574	275,134
2019	318,191	186,433
2018	187,264	99,388
2017	95,626	185
Prior	268,628	313,373
Revolving	3,247	2,038
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,639,469	1,195,785
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	4
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	4	0	273
Residential 1-4 family real estate | Real estate, mortgage | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,639,469	1,195,785
Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	3,248	1,150
2020	1,136	1,247
2019	1,409	443
2018	314	324
2017	611	0
Prior	1,243	2,251
Revolving	327,107	318,311
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	335,068	323,726
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	309
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	309	43	400
Home equity loans/lines of credit | Real estate, mortgage | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	335,068	323,726
Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	521,820	719,661
2020	749,085	748,754
2019	722,522	320,102
2018	291,842	143,531
2017	121,332	0
Prior	92,116	170,604
Revolving	29,343	21,159
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	2,528,060	2,123,811
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	235
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	235	849	1,933
Commercial real estate - non owner occupied | Real estate, commercial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	2,528,060	2,123,811
Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	57,378	119,922
2020	137,533	133,701
2019	139,879	59,452
2018	43,881	9,669
2017	12,231	0
Prior	10,323	15,212
Revolving	20,151	12,224
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	421,376	350,180
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	0	0	0
Multi-family real estate | Real estate, commercial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	421,376	350,180
Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	215,243	262,255
2020	327,890	306,602
2019	301,127	194,590
2018	198,055	104,993
2017	100,495	179
Prior	92,941	151,120
Revolving	23,271	16,531
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,259,022	1,036,270
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	49
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	0
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff	92
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff	3
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff	144	214	$ 362
Commercial real estate - owner occupied | Real estate, commercial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,259,022	1,036,270
Pass | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	16,497	35,406
2020	12,906	7,946
2019	4,999	3,610
2018	2,173	1,056
2017	432	3
Prior	429	1,250
Revolving	30,757	10,953
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	68,193	60,224
Pass | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	136,735	185,167
2020	161,131	107,747
2019	111,069	85,110
2018	75,312	51,274
2017	38,495	590
Prior	60,626	76,588
Revolving	302,684	120,590
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	886,052	627,066
Pass | Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	563,998	550,752
2020	231,450	267,096
2019	90,374	42,421
2018	16,662	30,973
2017	11,598	0
Prior	5,816	12,722
Revolving	70,852	19,519
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	990,750	923,483
Pass | Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	363,410	317,282
2020	400,483	274,756
2019	317,515	186,102
2018	186,459	98,559
2017	94,567	185
Prior	260,102	301,885
Revolving	3,247	1,379
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,625,783	1,180,148
Pass | Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2,830	869
2020	1,136	1,091
2019	1,141	349
2018	223	237
2017	499	0
Prior	1,233	2,020
Revolving	319,199	309,786
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	326,261	314,352
Pass | Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	509,596	718,696
2020	748,854	747,653
2019	722,472	319,708
2018	287,235	141,284
2017	119,515	0
Prior	84,690	168,096
Revolving	29,001	21,159
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	2,501,363	2,116,596
Pass | Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	57,378	119,922
2020	137,533	133,701
2019	139,879	59,452
2018	43,881	9,669
2017	12,231	0
Prior	10,323	15,212
Revolving	20,151	12,224
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	421,376	350,180
Pass | Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	210,449	258,025
2020	323,852	305,324
2019	299,135	190,464
2018	196,343	96,495
2017	92,452	179
Prior	86,784	141,053
Revolving	23,198	15,499
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,232,213	1,007,039
Special Mention Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	44,100	39,000
Special Mention Loans | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Revolving	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Special Mention Loans | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2,832	342
2020	2,547	166
2019	167	648
2018	185	1,312
2017	448	0
Prior	672	990
Revolving	1,135	332
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	7,986	3,790
Special Mention Loans | Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	489	5,128
2020	273	5
2019	59	3,679
2018	0	0
2017	2	0
Prior	4	100
Revolving	19	13
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	846	8,925
Special Mention Loans | Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	681	1,189
2020	41	127
2019	202	110
2018	64	470
2017	587	0
Prior	1,987	2,416
Revolving	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	3,562	4,312
Special Mention Loans | Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	163	175
2020	0	0
2019	122	0
2018	0	0
2017	0	0
Prior	0	18
Revolving	18	1,072
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	303	1,265
Special Mention Loans | Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	11,353	545
2020	199	44
2019	36	394
2018	393	1,363
2017	1,183	0
Prior	5,942	1,180
Revolving	342	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	19,448	3,526
Special Mention Loans | Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Revolving	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Special Mention Loans | Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	338	1,170
2020	2,533	1,070
2019	271	4,042
2018	817	6,926
2017	5,755	0
Prior	2,253	3,277
Revolving	0	665
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	11,967	17,150
Classified
Financing Receivable, Credit Quality Indicator [Line Items]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	54,200	48,500
Classified | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2021	130	320
2020	7	31
2019	45	3
2018	0	1
2017	3	0
Prior	34	25
Revolving	31	55
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	250	435
Classified | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,626	734
2020	1,152	1,909
2019	720	808
2018	1,389	1,384
2017	1,647	0
Prior	4,487	5,762
Revolving	803	488
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	11,824	11,085
Classified | Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	657	656
2020	708	107
2019	0	38
2018	0	899
2017	8	0
Prior	11	44
Revolving	0	24
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	1,384	1,768
Classified | Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,848	763
2020	50	251
2019	474	221
2018	741	359
2017	472	0
Prior	6,539	9,072
Revolving	0	659
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	10,124	11,325
Classified | Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2021	255	106
2020	0	156
2019	146	94
2018	91	87
2017	112	0
Prior	10	213
Revolving	7,890	7,453
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	8,504	8,109
Classified | Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	871	420
2020	32	1,057
2019	14	0
2018	4,214	884
2017	634	0
Prior	1,484	1,328
Revolving	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	7,249	3,689
Classified | Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0	0
2020	0	0
2019	0	0
2018	0	0
2017	0	0
Prior	0	0
Revolving	0	0
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	0	0
Classified | Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2021	4,456	3,060
2020	1,505	208
2019	1,721	84
2018	895	1,572
2017	2,288	0
Prior	3,904	6,790
Revolving	73	367
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, Fee, and Loan in Process	$ 14,842	$ 12,081

Loans, Allowance for Credit _15

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Modifications (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 11,719
Percentage of loan modifications to total loans	0.14%
Payment Deferral
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 3,357
Extended Maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	8,233
Extended Maturity and Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	129
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 2,841
Percentage of loan modifications to total loans	0.31%
Commercial and industrial | Payment Deferral
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 2,590
Commercial and industrial | Extended Maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	251
Commercial and industrial | Extended Maturity and Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 362
Percentage of loan modifications to total loans	0.04%
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 4,455
Percentage of loan modifications to total loans	0.35%
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 206
Percentage of loan modifications to total loans	0.01%
Real estate, commercial | Payment Deferral | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 0
Real estate, commercial | Payment Deferral | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	210
Real estate, commercial | Payment Deferral | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0
Real estate, commercial | Extended Maturity | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	354
Real estate, commercial | Extended Maturity | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	4,245
Real estate, commercial | Extended Maturity | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	206
Real estate, commercial | Extended Maturity and Interest Rate Reduction | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	8
Real estate, commercial | Extended Maturity and Interest Rate Reduction | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0
Real estate, commercial | Extended Maturity and Interest Rate Reduction | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 0
Real estate, mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage of loan modifications to total loans	0.04%
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 735
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 3,114
Percentage of loan modifications to total loans	0.93%
Real estate, mortgage | Payment Deferral | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 0
Real estate, mortgage | Payment Deferral | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	557
Real estate, mortgage | Extended Maturity | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	735
Real estate, mortgage | Extended Maturity | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	2,436
Real estate, mortgage | Extended Maturity and Interest Rate Reduction | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0
Real estate, mortgage | Extended Maturity and Interest Rate Reduction | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	121
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 6
Percentage of loan modifications to total loans	0.01%
Consumer loans | Payment Deferral
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 0
Consumer loans | Extended Maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	6
Consumer loans | Extended Maturity and Interest Rate Reduction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 0

Loans, Allowance for Credit _16

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Financial Effect of Modifications (Details)	12 Months Ended
	Dec. 31, 2023
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	4 months
Weighted Average Term Extension (in months)	31 months
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	1.55%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	19 months
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	11 months
Weighted Average Term Extension (in months)	34 months
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	13 months
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	23 months
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	2.40%
Weighted Average Payment Delay (in months)	13 months
Weighted Average Term Extension (in months)	49 months
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%
Weighted Average Payment Delay (in months)	0 months
Weighted Average Term Extension (in months)	24 months

Loans, Allowance for Credit _17

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Aging Modifications (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Accruing Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	$ 11,640
Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	79
Accruing 60- 89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Commercial and industrial | Accruing Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	2,841
Commercial and industrial | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Commercial and industrial | Accruing 60- 89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Commercial and industrial | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing Current | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	362
Real estate, commercial | Accruing Current | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	4,455
Real estate, commercial | Accruing Current | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	206
Real estate, commercial | Accruing 30-59 Days Past Due | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 30-59 Days Past Due | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 60- 89 Days Past Due | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 60- 89 Days Past Due | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 60- 89 Days Past Due | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 90 Days or More Past Due | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 90 Days or More Past Due | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, commercial | Accruing 90 Days or More Past Due | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, mortgage | Accruing Current | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	656
Real estate, mortgage | Accruing Current | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	3,114
Real estate, mortgage | Accruing 30-59 Days Past Due | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	79
Real estate, mortgage | Accruing 30-59 Days Past Due | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, mortgage | Accruing 60- 89 Days Past Due | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, mortgage | Accruing 60- 89 Days Past Due | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, mortgage | Accruing 90 Days or More Past Due | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Real estate, mortgage | Accruing 90 Days or More Past Due | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Consumer loans | Accruing Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	6
Consumer loans | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Consumer loans | Accruing 60- 89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	0
Consumer loans | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized basis	$ 0

Loans, Allowance for Credit _18

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Information of Loans Modified in Troubled Debt Restructuring (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) contract	Dec. 31, 2022 USD ($) contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	12	12
Pre- Modification Restructured Balances	$ 1,137	$ 3,538
Post- Modification Restructured Balances	$ 1,140	$ 3,535
Commercial and industrial | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	2
Pre- Modification Restructured Balances	$ 143
Post- Modification Restructured Balances	$ 143
Commercial and industrial | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	5	5
Pre- Modification Restructured Balances	$ 744	$ 1,438
Post- Modification Restructured Balances	$ 744	$ 1,435
Real estate, commercial | Construction, development & other land loans | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	1
Pre- Modification Restructured Balances	$ 67
Post- Modification Restructured Balances	$ 67
Real estate, commercial | Construction, development & other land loans | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract		1
Pre- Modification Restructured Balances		$ 75
Post- Modification Restructured Balances		$ 75
Real estate, commercial | Commercial real estate - owner occupied | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract		3
Pre- Modification Restructured Balances		$ 553
Post- Modification Restructured Balances		$ 553
Real estate, commercial | Commercial real estate - non owner occupied | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	1	1
Pre- Modification Restructured Balances	$ 72	$ 1,176
Post- Modification Restructured Balances	$ 72	$ 1,176
Real estate, mortgage | Residential 1-4 family real estate | TDRs – Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	2	1
Pre- Modification Restructured Balances	$ 75	$ 33
Post- Modification Restructured Balances	$ 78	$ 33
Real estate, mortgage | Residential 1-4 family real estate | TDRs – Nonaccrual
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts | contract	1	1
Pre- Modification Restructured Balances	$ 36	$ 263
Post- Modification Restructured Balances	$ 36	$ 263

Loans, Allowance for Credit _19

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Loan Portfolio Concentration Risk (Details) - Loan Portfolio Benchmark - Geographic Concentration Risk	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Wake County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	10.10%	11.60%
New Hanover County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	8.10%	9.10%
Mecklenburg County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	7.60%	7.90%
Buncombe County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	5.30%	6.10%
Guilford County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	5%	5%

Loans, Allowance for Credit _20

Loans, Allowance for Credit Losses, and Asset Quality Information - Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 90,967	$ 78,789	$ 52,388
Charge-offs	(10,175)	(4,465)	(7,602)
Recoveries	3,701	4,043	4,922
Reversal of provision for unfunded commitments	19,750	12,600	9,611
Ending balance	109,853	90,967	78,789
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			14,575
Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	13,306	13,506
Initial provision for credit losses on unfunded commitments acquired from GrandSouth	1,921	0
Charge-offs	0	0
Recoveries	0	0
Reversal of provision for unfunded commitments	(3,858)	(200)
Ending balance	$ 11,369	$ 13,306	$ 13,506

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total cost	$ 219,670	$ 195,038
Less accumulated depreciation and amortization	(68,713)	(60,851)
Total premises and equipment	150,957	134,187
Depreciation	7,754	6,859	$ 6,187
Land
Property, Plant and Equipment [Line Items]
Total cost	52,443	45,363
Buildings
Property, Plant and Equipment [Line Items]
Total cost	$ 127,985	114,884
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	15 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	40 years
Furniture and equipment
Property, Plant and Equipment [Line Items]
Total cost	$ 35,214	$ 31,920
Furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	5 years
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	10 years
Vehicles
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	3 years	3 years
Total cost	$ 2,384	$ 1,227
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total cost	$ 1,644	$ 1,644
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	5 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Premises and equipment, useful life	39 years

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Summary of the Gross Carrying Amount and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amortizable intangible assets:
Gross Carrying Amount	$ 74,656	$ 45,114
Accumulated Amortization	41,798	32,439
Total	32,858	12,675
Unamortizable intangible assets:
Goodwill	478,750	364,263	$ 364,263
Intangible Assets Excluding Servicing Assets
Amortizable intangible assets:
Gross Carrying Amount	60,690	31,850
Accumulated Amortization	31,182	23,179
Total	29,508	8,671
Customer lists
Amortizable intangible assets:
Gross Carrying Amount	2,700	2,700
Accumulated Amortization	2,167	1,847
Total	533	853
Core deposit intangibles
Amortizable intangible assets:
Gross Carrying Amount	57,890	29,050
Accumulated Amortization	28,932	21,274
Total	28,958	7,776
Other
Amortizable intangible assets:
Gross Carrying Amount	100	100
Accumulated Amortization	83	58
Total	17	42
SBA servicing assets
Amortizable intangible assets:
Gross Carrying Amount	13,966	13,264
Accumulated Amortization	10,616	9,260
Total	$ 3,350	$ 4,004	$ 5,472

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023
Business Acquisition [Line Items]
Intangibles amortization	$ 8,003	$ 3,684	$ 3,531
SBA servicing asset	$ 349,300	$ 392,400
Contractually specified servicing fee income, statement of income or comprehensive income [Extensible Enumeration]	Interest and fees on loans	Interest and fees on loans	Interest and fees on loans
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other gains, net	Other gains, net
Goodwill impairment	$ 0
Grand South
Business Acquisition [Line Items]
Core deposit intangible				$ 28,840
Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life	5 years
Customer Lists | Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life	5 years
Core Deposits | Minimum
Business Acquisition [Line Items]
Identifiable intangible assets, useful life	10 years
SBA servicing assets
Business Acquisition [Line Items]
Servicing fee income	$ 3,500	$ 3,400	$ 3,900
Impairment of finite-lived intangible assets,	$ 0	$ 352

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - SBA Servicing Assets Fair Value Assumptions (Details) - SBA servicing assets	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Servicing Assets at Fair Value [Line Items]
Servicing cost	0.40%	0.40%
Weighted Average
Servicing Assets at Fair Value [Line Items]
Prepayment rate	19.05%	15.58%
Discount rate	16.36%	22.14%
Minimum
Servicing Assets at Fair Value [Line Items]
Prepayment rate	9.27%	7.29%
Discount rate	11.19%	14.44%
Maximum
Servicing Assets at Fair Value [Line Items]
Prepayment rate	33.14%	32.38%
Discount rate	22.51%	31.29%

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Changes in SBA Servicing Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Roll Forward]
Beginning balance, net	$ 12,675
Amortization and impairment of SBA servicing assets	(1,356)	$ (2,800)	$ (2,272)
Ending balance, net	32,858	12,675
SBA servicing assets
Finite-Lived Intangible Assets [Roll Forward]
Beginning balance, net	4,004	5,472
Add: New servicing assets	702	1,332
Amortization and impairment of SBA servicing assets	(1,356)	(2,800)
Ending balance, net	$ 3,350	$ 4,004	$ 5,472

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Balance at beginning of period	$ 364,263	$ 364,263
Goodwill acquired during period	114,487	0
Balance at end of period	$ 478,750	$ 364,263

Goodwill and Other Intangible_8

Goodwill and Other Intangible Assets - Schedule of the Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
2024	$ 6,604
2025	5,672
2026	4,704
2027	3,951
2028	3,197
Thereafter	5,380
Total	32,858	$ 12,675
Intangible Assets Excluding Servicing Assets
Finite-Lived Intangible Assets [Line Items]
Total	$ 29,508	$ 8,671

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current - Federal	$ 24,750	$ 35,616	$ 25,742
Current - State	3,857	4,477	3,733
Deferred - Federal	(481)	(1,658)	(4,247)
Deferred - State	(301)	(152)	(553)
Income tax expense (benefit)	$ 27,825	$ 38,283	$ 24,675

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax provision at statutory rate	$ 27,711	$ 38,896	$ 25,266
Increase (decrease) in income taxes resulting from:
Tax-exempt interest income	(2,175)	(1,976)	(1,589)
Low income housing and other tax credits	(630)	(669)	(1,229)
Bank-owned life insurance income	(920)	(1,511)	(589)
Non-deductible interest expense	241	26	14
State income taxes, net of federal benefit	2,809	3,369	2,472
Nondeductible merger expenses	489	107	242
Change in valuation allowance	(13)	(20)	(10)
Nondeductible compensation	274	97	27
Other, net	39	(36)	71
Income tax expense (benefit)	$ 27,825	$ 38,283	$ 24,675

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowance for credit losses on loans	$ 25,431	$ 20,900
Allowance for credit losses on unfunded commitments	2,632	3,057
Excess book over tax pension plan cost	403	365
Deferred compensation	1,453	638
Federal & state net operating loss and tax credit carryforwards	188	197
Accruals, book versus tax	3,462	4,404
Pension	23	0
Unrealized losses on securities available for sale	92,767	102,046
Foreclosed real estate	0	3
Basis differences in assets acquired in FDIC transactions	46	0
Purchase accounting adjustments	4,691	2,982
Equity compensation	1,524	768
Partnership investments	773	652
Leases	178	151
SBA servicing asset	31	77
Gross deferred tax assets	133,602	136,240
Less: Valuation allowance	(17)	(30)
Net deferred tax assets	133,585	136,210
Deferred tax liabilities:
Loan fees	(2,952)	(3,102)
Depreciable basis of fixed assets	(7,070)	(5,493)
Amortizable basis of intangible assets	(15,523)	(10,047)
Basis differences in assets acquired in FDIC transactions	0	(108)
Trust preferred securities	(388)	(416)
Pension	0	(12)
Gross deferred tax liabilities	(25,933)	(19,178)
Net deferred tax asset	$ 107,652	$ 117,032

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Pre-1988 tax bad debt reserve	$ 6.9	$ 6.9	$ 6.9

Deposits - Schedule of Composit

Deposits - Schedule of Composition of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits, by Type [Abstract]
Noninterest-bearing checking accounts	$ 3,379,876	$ 3,566,003
Interest-bearing checking accounts	1,411,142	1,514,166
Money market accounts	3,653,506	2,416,146
Savings accounts	608,380	728,641
Other time deposits	610,887	464,343
Time deposits >$250,000	355,209	276,319
Total customer deposits	10,019,000	8,965,618
Brokered Deposits - time deposits	12,599	261,911
Total deposits	$ 10,031,599	$ 9,227,529

Deposits - Schedule of Maturiti

Deposits - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Deposits, by Type [Abstract]
2024	$ 901,211
2025	41,579
2026	21,160
2027	9,175
2028	4,727
Thereafter	843
Total time deposits	$ 978,695

Deposits - Narrative (Details)

Deposits - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposit Liability [Line Items]
Deposits	$ 10,031,599	$ 9,227,529
Deposit overdrafts	1,100	800
Time deposits >$250,000	355,209	276,319
Brokered deposits	12,600	261,900
Reciprocal deposits through CDARS And ICS	26,600	10,300
Insured deposits	$ 6,300,000
Insured deposits (as a percent)	63.30%
Uninsured deposits	$ 3,700,000
Investment securities, pledged as collateral for public deposits	$ 820,900
Insured or collateralized deposits (as a percent)	71.50%
Management
Deposit Liability [Line Items]
Deposits	$ 4,600	$ 2,000

Financial Services, Banking and

Financial Services, Banking and Thrift (Details) - Deposits Benchmark - Geographic Concentration Risk	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Moore County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	10.80%	10.90%
Buncombe County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	7.20%	8.30%
Guilford County, North Carolina
Concentration Risk [Line Items]
Concentration risk percentage	5%	6%

Borrowings and Borrowings Ava_3

Borrowings and Borrowings Availability - Schedule of Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total borrowings, gross	$ 635,175	$ 290,918
Unamortized discount on acquired borrowings	(5,017)	(3,411)
Total borrowings	$ 630,158	$ 287,507
Weighted average interest rate	5.57%	4.82%
FHLB Principal Reducing Credit Due June 26, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 203	$ 214
Fixed rate	0.25%	0.25%
FHLB Principal Reducing Credit Due July 17, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 31	$ 38
Fixed rate	0%	0%
FHLB Principal Reducing Credit Due August 18, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 151	$ 158
Fixed rate	1%	1%
FHLB Principal Reducing Credit Due August 22, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 151	$ 159
Fixed rate	1%	1%
FHLB Principal Reducing Credit Due December 20, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 315	$ 329
Fixed rate	0.50%	0.50%
FHLB Fixed Rate Credit Due January 16, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 80,000
Fixed rate	5.59%
FHLB Fixed Rate Credit Due February 27, 2024
Debt Instrument [Line Items]
Total borrowings, gross	$ 100,000
Fixed rate	5.61%
FHLB Fixed Rate Credit Due March 20, 2024
Debt Instrument [Line Items]
Total borrowings, gross	$ 100,000
Fixed rate	5.61%
FRB Bank Term Funding Program Due December 20, 2024
Debt Instrument [Line Items]
Total borrowings, gross	$ 224,000
Fixed rate	4.85%
FRB Bank Term Funding Program Due December 27, 2024
Debt Instrument [Line Items]
Total borrowings, gross	$ 25,000
Fixed rate	4.83%
Trust Preferred Securities Due January 23, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310	$ 10,310
Weighted average interest rate	8.30%	7.06%
Trust Preferred Securities Due January 23, 2034 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.91%
Trust Preferred Securities Due January 23, 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.65%
Trust Preferred Securities Due On January 23, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310	$ 10,310
Weighted average interest rate	8.40%	7.16%
Trust Preferred Securities Due On January 23, 2034 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	3.01%
Trust Preferred Securities Due On January 23, 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.75%
Trust Preferred Securities Due September 20, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 12,372	$ 12,372
Weighted average interest rate	7.78%	6.90%
Trust Preferred Securities Due September 20, 2034 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.41%
Trust Preferred Securities Due September 20, 2034 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.15%
Trust Preferred Securities Due January 7, 2035
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310	$ 10,310
Weighted average interest rate	7.66%	6.08%
Trust Preferred Securities Due January 7, 2035 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2%
Trust Preferred Securities Due January 7, 2035 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2%
Trust Preferred Securities Due June 15, 2036
Debt Instrument [Line Items]
Total borrowings, gross	$ 25,774	$ 25,774
Weighted average interest rate	7.04%	6.16%
Trust Preferred Securities Due June 15, 2036 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.65%
Trust Preferred Securities Due June 15, 2036 | Three-month LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.39%
Trust Preferred Securities Due June 23, 2036
Debt Instrument [Line Items]
Total borrowings, gross	$ 8,248
Weighted average interest rate	7.47%
Trust Preferred Securities Due June 23, 2036 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.11%
Subordinated Debentures Due November 30, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,000
Fixed rate	9.09%
Subordinated Debentures Due November 30, 2028 | Three-month CME SOFR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	3.69%
Subordinated Debentures Due November 15, 2030
Debt Instrument [Line Items]
Total borrowings, gross	$ 18,000
Fixed rate	4.38%
FHLB Principal Reducing Credit Due July 24, 2023
Debt Instrument [Line Items]
Total borrowings, gross		$ 32
Fixed rate		1%
FHLB Principal Reducing Credit Due December 22, 2023
Debt Instrument [Line Items]
Total borrowings, gross		$ 912
Fixed rate		1.25%
FHLB Fixed Rate Credit Due January 9, 2023
Debt Instrument [Line Items]
Total borrowings, gross		$ 50,000
Fixed rate		4.15%
FHLB Fixed Rate Credit Due February 1, 2023
Debt Instrument [Line Items]
Total borrowings, gross		$ 80,000
Fixed rate		4.25%
FHLB Fixed Rate Credit Due February 9, 2023
Debt Instrument [Line Items]
Total borrowings, gross		$ 50,000
Fixed rate		4.35%
FHLB Fixed Rate Credit Due August 23, 2023
Debt Instrument [Line Items]
Total borrowings, gross		$ 40,000
Fixed rate		4.57%

Borrowings and Borrowings Ava_4

Borrowings and Borrowings Availability - Narrative (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Short-term borrowings	$ 529,000,000	$ 220,900,000
Weighted average interest rate	5.25%	4.30%
FHLB Line of Credit
Debt Instrument [Line Items]
Line of credit, borrowing capacity	$ 1,300,000,000
Blanket lien, portion of real estate loan portfolio	2,300,000,000
Blanket lien, FHLB stock	21,700,000
Line of credit, outstanding	280,900,000	$ 221,800,000
Federal Funds Line of Credit
Debt Instrument [Line Items]
Line of credit, borrowing capacity	265,000,000
Line of credit, outstanding	0	0
FRB Line of Credit
Debt Instrument [Line Items]
Line of credit, borrowing capacity	294,100,000
Line of credit, outstanding	249,000,000	249,000,000
Federal Reserve Discount Window
Debt Instrument [Line Items]
Line of credit, borrowing capacity	561,600,000
Blanket lien, commercial and consumer loan portfolios	330,900,000
Blanket lien, securities	710,200,000
Line of credit, outstanding	$ 0	$ 0

Borrowings and Borrowings Ava_5

Borrowings and Borrowings Availability - Schedule of Maturity of Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
2024	$ 529,000
2025	0
2026	0
2027	0
2028	10,851
Thereafter	95,324
Total	635,175	$ 290,918
Unamortized discount	(5,017)	(3,411)
Borrowings	630,158	$ 287,507
FHLB Principal Reducing Credit
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
2027	0
2028	851
Thereafter	0
Total	851
FHLB Fixed Rate Credit
Debt Instrument [Line Items]
2024	280,000
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total	280,000
FRB Bank Term Funding Program
Debt Instrument [Line Items]
2024	249,000
2025	0
2026	0
2027	0
2028	0
Thereafter	0
Total	249,000
Trust Preferred Securities
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	77,324
Total	77,324
Subordinated Debt
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
2027	0
2028	10,000
Thereafter	18,000
Total	$ 28,000

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) branchOffice	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	19 years 9 months 18 days	19 years 7 months 6 days
Weighted average discount rate (as a percent)	3.19%	2.97%
Operating right-of-use lease assets	$ 17,063	$ 18,733
Lease liabilities	17,833	19,391
Total operating lease expense	$ 3,100	$ 2,900	$ 2,600
Minimum
Lessee, Lease, Description [Line Items]
Option extension period	5 years
Maximum
Lessee, Lease, Description [Line Items]
Option extension period	10 years
Land and Building
Lessee, Lease, Description [Line Items]
Number of branch locations | branchOffice	17
Land
Lessee, Lease, Description [Line Items]
Number of branch locations | branchOffice	10

Leases - Schedule of Estimated

Leases - Schedule of Estimated Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lessee Disclosure [Abstract]
2024	$ 2,446
2025	1,914
2026	1,633
2027	1,359
2028	1,267
Thereafter	17,222
Total undiscounted lease payments	25,841
Less effect of discounting	(8,008)
Present value of estimated lease payments (lease liability)	$ 17,833	$ 19,391

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) consecutiveYear	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Employer matching contribution percentage		100%
Employer matching contribution, percent of employees' gross pay		6%
Recognized settlement loss		$ 998	$ 0	$ 0
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets, amount			194
Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets, amount			33,500
401(k) Plan
Defined Benefit Plan Disclosure [Line Items]
Deferral rate		6%
Percent of annual salary employees may contribute		15%
Matching contributions		$ 6,100	4,900	4,300
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Final Average Annual Compensation (five highest consecutive calendar year's earnings out of the last ten years of employment)		0.75%
Number of highest consecutive calendar years of earnings | consecutiveYear		5
Percentage of final average annual compensation in excess of average social security wage base		0.65%
Years of service used for final average annual compensation in excess of average social security wage base calculation		35 years
Vesting period		5 years
Benefits paid	$ 9,200	$ 11,135	1,803	2,033
Transfer to insurer		19,457	0	0
Benefit obligation	0	0	30,611	41,657	$ 44,750
Funded status of plan	2,517	2,517	3,044	3,247
Plan assets, amount	2,517	$ 2,517	33,655	44,904	48,167
SERP
Defined Benefit Plan Disclosure [Line Items]
Number of highest consecutive calendar years of earnings | consecutiveYear		5
Benefits paid		$ 241	245	322
Benefit obligation	3,352	$ 3,352	3,521	4,660	$ 5,982
Lifetime monthly pension benefits, percent		3%
Maximum percent of final average compensation		60%
Percent of participant's primary social security benefit		50%
Funded status of plan	(3,352)	$ (3,352)	(3,521)	(4,660)
Plan assets, amount	$ 0	$ 0	$ 0	$ 0
Maximum | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Years of service used for final average annual compensation calculation		40 years
Maximum | SERP
Defined Benefit Plan Disclosure [Line Items]
Maximum years of service		20 years

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Reconciliation of Benefit Obligation (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Plan
Change in benefit obligation
Benefit obligation at beginning of year		$ 30,611	$ 41,657	$ 44,750
Service cost		0	0	0
Interest cost		1,451	1,043	981
Actuarial gain		(1,470)	(10,286)	(2,041)
Benefits paid, including lump sums	$ (9,200)	(11,135)	(1,803)	(2,033)
Transfer to insurer		19,457	0	0
Benefit obligation at end of year	0	0	30,611	41,657
Change in plan assets
Plan assets at beginning of year		33,655	44,904	48,167
Actual return on plan assets		(547)	(9,446)	(1,230)
Employer contributions		0	0	0
Benefits paid, including lump sums		(11,135)	(1,803)	(2,033)
Transfer to insurer		19,457	0	0
Plan assets at end of year	2,517	2,517	33,655	44,904
Funded status at end of year (1)	2,517	2,517	3,044	3,247
SERP
Change in benefit obligation
Benefit obligation at beginning of year		3,521	4,660	5,982
Service cost		0	0	0
Interest cost		158	112	119
Actuarial gain		(86)	(1,006)	(1,119)
Benefits paid, including lump sums		(241)	(245)	(322)
Benefit obligation at end of year	3,352	3,352	3,521	4,660
Change in plan assets
Plan assets at beginning of year		0	0
Plan assets at end of year	0	0	0	0
Funded status at end of year (1)	$ (3,352)	$ (3,352)	$ (3,521)	$ (4,660)

Employee Benefit Plans - Sche_2

Employee Benefit Plans - Schedule of Amounts Recognized in Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Net (loss) gain	$ 0	$ (1,497)
Prior service cost	0	0
Amount recognized in AOCI before tax effect	0	(1,497)
Tax benefit (expense)	0	344
Net amount recognized as (decrease) increase to AOCI	0	(1,153)	$ (1,110)
SERP
Defined Benefit Plan Disclosure [Line Items]
Net (loss) gain	(100)	1,551
Prior service cost	0	0
Amount recognized in AOCI before tax effect	(100)	1,551
Tax benefit (expense)	23	(356)
Net amount recognized as (decrease) increase to AOCI	$ (77)	$ 1,195	$ 838

Employee Benefit Plans - Sche_3

Employee Benefit Plans - Schedule of Reconciliation of Balances in AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Net (gains) losses arising during period	$ (607)	$ 695	$ 872
Recognition of net actuarial loss due to plan settlement	998	0	0
Amortization of unrecognized actuarial gain (loss)	(545)	(288)	592
Pension Plan
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income at beginning of fiscal year	(1,153)	(1,110)
Net (gains) losses arising during period	(693)	(312)
Recognition of net actuarial loss due to plan settlement	998	0
Amortization of unrecognized actuarial gain (loss)	1,192	256
Tax benefit (expense) related to changes during the year, net	344	(13)
Accumulated other comprehensive (loss) income at end of fiscal year	0	(1,153)	(1,110)
SERP
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated other comprehensive income at beginning of fiscal year	1,195	838
Net (gains) losses arising during period	86	1,007
Prior service cost	0	0
Amortization of unrecognized actuarial gain (loss)	(1,737)	(544)
Tax benefit (expense) related to changes during the year, net	379	(106)
Accumulated other comprehensive (loss) income at end of fiscal year	$ (77)	$ 1,195	$ 838

Employee Benefit Plans - Sche_4

Employee Benefit Plans - Schedule of Reconciliation of Prepaid Pension Costs (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Plan
Prepaid Pension Cost [Roll Forward]
Prepaid pension cost (accrued liability) as of beginning of fiscal year		$ 4,542	$ 4,689
Net periodic pension cost for fiscal year		(2,025)	(147)	$ (499)
Actual employer contributions		0	0	0
Benefits paid	$ 9,200	11,135	1,803	2,033
Prepaid pension cost (accrued liability) as of end of fiscal year	2,517	2,517	4,542	4,689
SERP
Prepaid Pension Cost [Roll Forward]
Prepaid pension cost (accrued liability) as of beginning of fiscal year		(5,071)	(5,748)
Net periodic pension cost for fiscal year		1,579	432	(134)
Benefits paid		241	245	322
Prepaid pension cost (accrued liability) as of end of fiscal year	$ (3,251)	$ (3,251)	$ (5,071)	$ (5,748)

Employee Benefit Plans - Sche_5

Employee Benefit Plans - Schedule of Net Pension Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net (gains) losses arising during period
Recognized settlement loss	$ 998	$ 0	$ 0
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period	0	0	0
Interest cost on projected benefit obligation	1,451	1,043	981
Expected return on plan assets	(1,616)	(1,152)	(1,059)
Net amortization and deferral	1,192	256	577
Net periodic pension cost	2,025	147	499
SERP
Defined Benefit Plan Disclosure [Line Items]
Service cost – benefits earned during the period	0	0	0
Interest cost on projected benefit obligation	158	112	119
Net amortization and deferral	(1,737)	(544)	15
Net periodic pension cost	$ (1,579)	$ (432)	$ 134

Employee Benefit Plans - Sche_6

Employee Benefit Plans - Schedule of Expected Benefit Payments (Details) - SERP $ in Thousands	Dec. 31, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
2024	$ 240
2025	278
2026	280
2027	298
2028	288
2029-2033	$ 1,322

Employee Benefit Plans - Sche_7

Employee Benefit Plans - Schedule of Assumptions Used in Determining Actuarial Information (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Discount rate used to determine net periodic pension cost	4.94%	2.62%	2.24%
Discount rate used to calculate end of year liability disclosures		4.94%	2.62%
Expected long-term rate of return on assets	4.94%	2.62%	2.24%
SERP
Defined Benefit Plan Disclosure [Line Items]
Discount rate used to determine net periodic pension cost	4.90%	2.48%	2.04%
Discount rate used to calculate end of year liability disclosures	4.68%	4.90%	2.48%

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Outstanding Loan Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Loan commitments	$ 622,850	$ 892,557
Unused lines of credit	1,824,771	1,467,819
Total	2,447,621	2,360,376
Fixed Rate
Loss Contingencies [Line Items]
Loan commitments	442,916	681,486
Unused lines of credit	407,521	273,244
Total	850,437	954,730
Variable Rate
Loss Contingencies [Line Items]
Loan commitments	179,934	211,071
Unused lines of credit	1,417,250	1,194,575
Total	$ 1,597,184	$ 1,405,646

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Bank standby letters of credit	$ 20.6	$ 20.2
Letters of credit outstanding, amount	0	$ 0
Remaining funding commitments	$ 26.3

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Summary of Derivative Instruments Balance Sheet Classification (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Derivatives, Fair Value [Line Items]
Derivative financial liabilities	$ 349
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative financial assets	295
Derivative financial liabilities	349
Interest Rate Swap | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative asset, notional amount	13,000
Derivative financial assets	295
Derivative financial liabilities	0
Counterparty Interest Rate Contract | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative financial assets	0
Derivative liability, notional amount	13,000
Derivative financial liabilities	$ 349

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Summary of Derivative Instruments Income Statement Effect (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Derivatives, Fair Value [Line Items]
Gains (Losses)	$ (54)
Interest Rate Swap
Derivatives, Fair Value [Line Items]
Gains (Losses)	$ (54)

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Summary of Offsetting Assets (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative asset, subject to master netting arrangement, before offset	$ 295
Derivative asset, subject to master netting arrangement, liability offset	0
Derivative asset, subject to master netting arrangement, after offset	295
Derivative asset, subject to master netting arrangement, deduction of financial instrument not offset	0
Derivative asset, subject to master netting arrangement, collateral, obligation to return cash not offset	0
Derivative asset, subject to master netting arrangement, after offset and deduction	$ 295

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Summary of Offsetting Liabilities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative liability, fair value	$ 349
Derivative liability, subject to master netting arrangement, asset offset	0
Derivative liability, subject to master netting arrangement, before offset of collateral	349
Derivative liability, subject to master netting arrangement, right to reclaim security not offset	0
Derivative liability, subject to master netting arrangement, collateral, right to reclaim cash not offset	330
Derivative liability, subject to master netting arrangement, after offset and deduction	$ 19

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Additional Information (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative financial liabilities	$ 349
Right to reclaim cash offset	$ 330

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial instruments Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 2,189,379	$ 2,314,493
Derivative financial liabilities	$ 349
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 172,570
Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	60,266	57,456
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,937,784	2,045,000
Fair Value, Inputs, Level 1 [Member] | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Derivative financial assets	0
Presold mortgages in process of settlement	0	0
Derivative financial liabilities	0
Fair Value, Inputs, Level 1 [Member] | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 1 [Member] | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0
Foreclosed properties		0
Impaired loans		0
Fair Value, Inputs, Level 2 [Member] | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,189,379	2,314,493
Derivative financial assets	295
Presold mortgages in process of settlement	2,667	1,282
Derivative financial liabilities	349
Fair Value, Inputs, Level 2 [Member] | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	172,570	168,758
Fair Value, Inputs, Level 2 [Member] | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	60,266	57,456
Fair Value, Inputs, Level 2 [Member] | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,937,784	2,045,000
Fair Value, Inputs, Level 2 [Member] | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	18,759	43,279
Fair Value, Inputs, Level 2 [Member] | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0
Foreclosed properties		0
Impaired loans		0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed properties		38
Fair Value, Inputs, Level 3 [Member] | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Derivative financial assets	0
Presold mortgages in process of settlement	0	0
Derivative financial liabilities	0
Fair Value, Inputs, Level 3 [Member] | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Fair Value, Inputs, Level 3 [Member] | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	1,953
Foreclosed properties		38
Impaired loans		9,590
Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	2,189,379	2,314,493
Derivative financial assets	295
Presold mortgages in process of settlement	2,667	1,282
Derivative financial liabilities	349
Fair Value | Recurring | US Treasury Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	172,570	168,758
Fair Value | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	60,266	57,456
Fair Value | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,937,784	2,045,000
Fair Value | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	18,759	43,279
Fair Value | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	$ 1,953
Foreclosed properties		38
Impaired loans		$ 9,590

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Level 3 Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Inputs, Level 3 [Member] $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed properties		$ 38
Financing Receivable, Collateral Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans	$ 1,953
Impaired loans		5,680
Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans		$ 3,910
Appraised value | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreclosed real estate, measurement input (as a percent)		10
Appraised value | Discount rate | Financing Receivable, Collateral Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans, measurement input (as a percent)	0.10	0.10
PV of expected cash flows | Discount rate | Minimum | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)		0.111
PV of expected cash flows | Discount rate | Maximum | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)		0.055
PV of expected cash flows | Discount rate | Weighted Average | Financing Receivable, Cash Flow Dependent
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Impaired loans, measurement input (as a percent)		0.0676

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	$ 100,891	$ 101,133
Securities held to maturity	533,678	541,700
Total loans, net of allowance	8,040,249	6,574,178
Accrued interest receivable	37,351	29,710
Bank-owned life insurance	183,897	164,592
SBA servicing asset	349,300	392,400
Accrued interest payable	5,699	2,738
Carrying Amount | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	100,891	101,133
Due from banks, interest-bearing	136,964	169,185
Accrued interest receivable	37,351	29,710
Bank-owned life insurance	183,897	164,592
Demand deposits, money market and savings	9,052,905	8,224,956
Carrying Amount | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities held to maturity	533,678	541,700
Time deposits	978,694	1,002,573
Borrowings	630,158	287,507
Accrued interest payable	5,699	2,738
Carrying Amount | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, net of allowance	8,040,249	6,574,178
SBA servicing asset	3,351	4,004
Estimated Fair Value | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	100,891	101,133
Due from banks, interest-bearing	136,964	169,185
Accrued interest receivable	37,351	29,710
Bank-owned life insurance	183,897	164,592
Demand deposits, money market and savings	9,052,905	8,224,956
Estimated Fair Value | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities held to maturity	449,623	432,528
Time deposits	972,513	993,989
Borrowings	615,614	277,146
Accrued interest payable	5,699	2,738
Estimated Fair Value | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, net of allowance	7,379,079	6,240,870
SBA servicing asset	$ 4,049	$ 4,721

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details)			12 Months Ended
	Jun. 01, 2023 USD ($) $ / shares shares	Jun. 01, 2022 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) director $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 4,600,000	$ 3,000,000	$ 2,300,000
Income tax benefits related to stock-based compensation expense			1,100,000	700,000	500,000
Fair value, vested in period			$ 2,200,000	2,600,000	$ 2,500,000
Non-Employee Director Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of directors | director			14
Director equity grants granted, value			$ 37,500	$ 32,000
Granted during the period (in shares) | shares	17,094	10,344
Granted during the period, per director (in shares) | shares	1,221	862
Granted during the period (in usd per share) | $ / shares	$ 30.69	$ 37.12
Director equity grants. expense	$ 525,000	$ 384,000
Long-Term Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted during the period (in shares) | shares			143,380	95,960	104,414
Granted during the period (in usd per share) | $ / shares			$ 37.08	$ 38.09	$ 40.56
Unrecognized compensation expense			$ 5,000,000
Unrecognized compensation expense, period for recognition			1 year 9 months 18 days
Long-Term Restricted Stock | Next Twelve Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense			$ 3,300,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense			$ 0
Expiration period			10 years
First Bancorp 2014 Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares remaining available for grant (in shares) | shares			205,498

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Outstanding Restricted Stock (Details) - Long-Term Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Number of Units
Nonvested, beginning (in shares)	223,012	206,331	172,105
Granted during the period (in shares)	143,380	95,960	104,414
Vested during the period (in shares)	(74,310)	(70,110)	(63,369)
Forfeited or expired during the period (in shares)	(791)	(9,169)	(6,819)
Nonvested, ending (in shares)	291,291	223,012	206,331
Weighted-Average Grant-Date Fair Value
Nonvested, beginning (in usd per share)	$ 36.14	$ 35.25	$ 33.80
Granted during the period (in usd per share)	37.08	38.09	40.56
Vested during the period (in usd per share)	29.43	36.69	39.82
Forfeited or expired during the period (in usd per share)	37.88	32.62	37.32
Nonvested, ending (in usd per share)	$ 38.01	$ 36.14	$ 35.25

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Options Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Balance options outstanding, beginning (in shares) | shares	0
Granted (in shares) | shares	542,345
Exercised (in shares) | shares	(236,760)
Forfeited (in shares) | shares	0
Balance options outstanding, end (in shares) | shares	305,585
Exercisable, end of period (in shares) | shares	305,585
Weighted- Average Exercise Price
Balance, beginning (in usd per share) | $ / shares	$ 0
Granted (in usd per share) | $ / shares	20.14
Exercised (in usd per share) | $ / shares	19.09
Forfeited (in usd per share) | $ / shares	0
Balance, ending (in usd per share) | $ / shares	20.95
Exercisable (in usd per share) | $ / shares	$ 20.95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-average contractual term, outstanding (in years)	5 years 8 months 26 days
Weighted-average contractual term, exercisable (in years)	5 years 8 months 26 days
Aggregate Intrinsic Value, outstanding | $	$ 4,907
Aggregate Intrinsic Value, exercisable | $	$ 4,907

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Stock Options Outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	305,585	0
Exercised (in usd per share)	$ 19.09
Weighted average exercise price	$ 20.95	$ 0
Weighted-average contractual term, outstanding (in years)	5 years 8 months 26 days
Stock Option Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	77,857
Weighted average exercise price	$ 15.69
Weighted-average contractual term, outstanding (in years)	3 years 6 months 3 days
Stock Option Tranche 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	120,500
Exercised (in usd per share)	$ 18.19
Weighted average exercise price	$ 18.19
Weighted-average contractual term, outstanding (in years)	5 years 5 months 23 days
Stock Option Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding (in shares)	107,228
Weighted average exercise price	$ 27.88
Weighted-average contractual term, outstanding (in years)	7 years 7 months 20 days
Minimum | Stock Option Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised (in usd per share)	$ 13.79
Minimum | Stock Option Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised (in usd per share)	18.20
Maximum | Stock Option Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised (in usd per share)	18.18
Maximum | Stock Option Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised (in usd per share)	$ 31.32

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value of Stock Options Granted Using Black-Scholes Options Pricing Model (Details) (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per option, weighted average	$ 24.85
Expected stock price volatility, weighted average	46.39%
Expected dividend yield	2.05%
Risk-free interest rate, weighted average	4.18%
Expected forfeiture rate	0%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	1 year 4 months 24 days
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	4 years 8 months 12 days

Regulatory Restrictions - Narra

Regulatory Restrictions - Narrative (Details) $ in Millions	Dec. 31, 2023 USD ($)
Regulatory Restrictions [Abstract]
Restricted investment in bank	$ 1,100
Average reserve balance	$ 0

Regulatory Restrictions - Sched

Regulatory Restrictions - Schedule of Capital Ratios (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Company
Amount
Common equity tier 1 capital ratio, actual	$ 1,187,027	$ 1,010,369
Common equity tier 1 capital ratio, fully phased-in regulatory guidelines minimum	629,376	543,403
Total capital ratio, actual	1,397,502	1,171,084
Total capital ratio, fully phased-in regulatory guidelines minimum	944,064	815,104
Tier 1 capital ratio, actual	1,257,834	1,073,958
Tier 1 capital ratio, fully phased-in regulatory guidelines minimum	764,242	659,846
Leverage ratio, actual	1,257,834	1,073,958
Leverage ratio, fully phased-in regulatory guidelines minimum	$ 461,312	$ 408,623
Ratio
Common Equity Tier 1 Capital Ratio, Actual (as a percent)	0.1320	0.1302
Common Equity Tier 1 Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	7%	7%
Total Capital Ratio, Actual (as a percent)	0.1554	0.1509
Total Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.1050	0.1050
Tier 1 Capital Ratio, Actual (as a percent)	0.1399	0.1383
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets (as a percent)	0.0850	0.0850
Leverage Ratio, Actual (as a percent)	0.1091	0.1051
Leverage Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.0400	0.0400
Bank
Amount
Common equity tier 1 capital ratio, actual	$ 1,291,074	$ 1,077,526
Common equity tier 1 capital ratio, fully phased-in regulatory guidelines minimum	629,256	543,301
Common equity tier 1 capital ratio, to be well capitalized under current prompt corrective action provisions	584,309	504,494
Total capital ratio, actual	1,403,551	1,174,634
Total capital ratio, fully phased-in regulatory guidelines minimum	943,884	814,951
Total capital ratio, to be well capitalized under current prompt corrective action provisions	898,938	776,144
Tier 1 capital ratio, actual	1,291,074	1,077,526
Tier 1 capital ratio, fully phased-in regulatory guidelines minimum	764,097	659,723
Tier one risk based capital required for capital adequacy with buffer, value	719,150	620,915
Leverage ratio, actual	1,291,074	1,077,526
Leverage ratio, fully phased-in regulatory guidelines minimum	461,248	408,569
Leverage ratio, to be well capitalized under current prompt corrective action provisions	$ 576,560	$ 510,712
Ratio
Common Equity Tier 1 Capital Ratio, Actual (as a percent)	0.1436	0.1388
Common Equity Tier 1 Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	7%	7%
Common Equity Tier 1 Capital Ratio, To Be Well Capitalized Under Current Prompt Corrective Action Provisions (as a percent)	6.50%	6.50%
Total Capital Ratio, Actual (as a percent)	0.1561	0.1513
Total Capital Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.1050	0.1050
Total Capital Ratio, To Be Well Capitalized Under Current Prompt Corrective Action Provisions (as a percent)	0.1000	0.1000
Tier 1 Capital Ratio, Actual (as a percent)	0.1436	0.1388
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets (as a percent)	0.0850	0.0850
Tier One Risk Based Capital Required For Capital Adequacy With Buffer To Risk Weighted Assets	0.0800	0.0800
Leverage Ratio, Actual (as a percent)	0.1120	0.1055
Leverage Ratio, Fully Phased-In Regulatory Guidelines Minimum (as a percent)	0.0400	0.0400
Leverage Ratio, To Be Well Capitalized Under Current Prompt Corrective Action Provisions (as a percent)	0.0500	0.0500

Supplementary Income Statemen_3

Supplementary Income Statement Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Income and Expenses [Abstract]
Noninterest income and expense exceeding one percent of total revenue, value	$ 5,462	$ 4,089	$ 3,295
Other service charges, commissions, and fees – interchange fees, net	9,319	14,996	17,323
Other operating expenses – software costs	8,717	6,064	5,315
Other operating expenses – data processing expense	8,733	7,535	5,959
Other operating expenses – credit card rewards expense	3,841	547	3,431
Other operating expenses – FDIC insurance expense	$ 6,982	$ 2,913	$ 2,332

Condensed Parent Company Info_3

Condensed Parent Company Information - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets
Premises and equipment, net	$ 150,957	$ 134,187
Other assets	210,238	198,918
Total assets	12,114,942	10,625,049
Liabilities and shareholders' equity
Other liabilities	57,273	56,288
Total liabilities	10,742,562	9,593,453
Shareholders’ equity	1,372,380	1,031,596	$ 1,230,575	$ 893,421
Total liabilities and shareholders’ equity	12,114,942	10,625,049
Parent Company
Assets
Cash on deposit with bank subsidiary	4,597	5,611
Investment in subsidiaries	1,478,750	1,100,829
Premises and equipment, net	7	7
Other assets	379	22
Total assets	1,483,733	1,106,469
Liabilities and shareholders' equity
Subordinated debt	27,177	0
Trust preferred securities	73,130	65,665
Other liabilities	11,046	9,208
Total liabilities	111,353	74,873
Shareholders’ equity	1,372,380	1,031,596
Total liabilities and shareholders’ equity	$ 1,483,733	$ 1,106,469

Condensed Parent Company Info_4

Condensed Parent Company Information - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Condensed Financial Statements, Captions [Line Items]
Total income	$ 32,816	$ 17,448	$ 25,324
Interest expense	(142,101)	(16,103)	(9,523)
Income tax benefit	27,825	38,283	24,675
Net income	104,131	146,936	95,644
Parent Company
Condensed Financial Statements, Captions [Line Items]
Interest income	116	48	24
Dividends from subsidiaries	32,700	17,400	25,300
Interest expense	(7,945)	(2,926)	(1,455)
Other expenses	2,057	1,693	5,345
Total expense	10,002	4,619	6,800
Income before income taxes and equity in undistributed income of subsidiaries	22,814	12,829	18,524
Income tax benefit	(2,076)	(960)	(1,423)
Income before equity in undistributed income of subsidiaries	24,890	13,789	19,947
Equity in undistributed income of subsidiaries	79,241	133,147	75,697
Net income	$ 104,131	$ 146,936	$ 95,644

Condensed Parent Company Info_5

Condensed Parent Company Information - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating Activities:
Net income	$ 104,131	$ 146,936	$ 95,644
(Increase) decrease in other assets	12,435	11,352	17,412
(Decrease) increase in other liabilities	(949)	(8,009)	394
Net cash provided by operating activities	131,396	230,654	142,335
Investing Activities:
Net cash received in acquisitions	22,610	0	208,992
Net cash used by investing activities	(191,365)	(713,359)	(1,273,877)
Financing Activities:
Repurchases of common stock	0	0	(4,036)
Stock withheld for payment of taxes	(743)	(840)	(786)
Net cash provided by financing activities	27,506	291,861	1,225,414
(Decrease) increase in Cash and Cash Equivalents	(32,463)	(190,844)	93,872
Cash and Cash Equivalents, Beginning of Year	270,318	461,162	367,290
Cash and Cash Equivalents, End of Year	237,855	270,318	461,162
Parent Company
Operating Activities:
Net income	104,131	146,936	95,644
Equity in undistributed earnings of subsidiaries	(79,241)	(133,147)	(75,697)
(Increase) decrease in other assets	(604)	4,055	3,924
(Decrease) increase in other liabilities	1,741	642	(859)
Net cash provided by operating activities	26,027	18,486	23,012
Investing Activities:
Net cash received in acquisitions	4,123	0	7,379
Net cash used by investing activities	4,123	0	7,379
Financing Activities:
Payment of common stock cash dividends	(34,940)	(30,660)	(22,228)
Repurchases of common stock	0	0	(4,036)
Proceeds from stock option exercises	4,519	0	0
Stock withheld for payment of taxes	(743)	(840)	(786)
Net cash provided by financing activities	(31,164)	(31,500)	(27,050)
(Decrease) increase in Cash and Cash Equivalents	(1,014)	(13,014)	3,341
Cash and Cash Equivalents, Beginning of Year	5,611	18,625	15,284
Cash and Cash Equivalents, End of Year	$ 4,597	$ 5,611	$ 18,625

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ in Millions	81 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2017
Subsidiary, Sale of Stock [Line Items]
Deferred compensation paid to participants	$ 6.8
Carolina Bank
Subsidiary, Sale of Stock [Line Items]
Deferred compensation plan	$ 1.4	$ 1.6	$ 7.7

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of Numerators and Denominators (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Basic EPS:
Net income	$ 104,131	$ 146,936	$ 95,644
Less: income allocated to participating securities	(685)	(779)	(483)
Basic EPS per common share	$ 103,446	$ 146,157	$ 95,161
Basic (in shares)	40,746,772	35,485,620	29,876,151
Basic (in usd per share)	$ 2.54	$ 4.12	$ 3.19
Diluted EPS:
Net income	$ 104,131	$ 146,936	$ 95,644
Basic (in shares)	40,746,772	35,485,620	29,876,151
Effect of Dilutive Securities	$ 0	$ 0	$ 0
Effect of Dilutive Securities (in shares)	418,062	189,110	151,634
Diluted EPS per common share	$ 104,131	$ 146,936	$ 95,644
Diluted (in shares)	41,164,834	35,674,730	30,027,785
Diluted (in usd per share)	$ 2.53	$ 4.12	$ 3.19

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Number of anti-dilutive securities (in shares)	0	0	0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	$ (308,030)	$ (341,975)
Unrealized Gain (Loss) on Securities Available for Sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	(400,720)	(444,063)	$ (32,067)
Deferred tax asset (liability)	92,767	102,046	7,369
Total accumulated other comprehensive income (loss)	(307,953)	(342,017)	(24,698)
Postretirement Plans (Liability) Asset
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	(100)	54	(353)
Deferred tax asset (liability)	23	(12)	81
Total accumulated other comprehensive income (loss)	(77)	42	(272)
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	$ (308,030)	$ (341,975)	$ (24,970)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,031,596	$ 1,230,575	$ 893,421
Other comprehensive income (loss) before reclassifications	33,598	(316,783)	(40,729)
Amounts reclassified from accumulated other comprehensive income	347	(222)	1,409
Net current-period other comprehensive income (loss)	33,945	(317,005)	(39,320)
Ending balance	1,372,380	1,031,596	1,230,575
Unrealized Gain (Loss) on Securities Available for Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(342,017)	(24,698)	15,749
Other comprehensive income (loss) before reclassifications	34,064	(317,319)	(41,400)
Amounts reclassified from accumulated other comprehensive income	0	0	953
Net current-period other comprehensive income (loss)	34,064	(317,319)	(40,447)
Ending balance	(307,953)	(342,017)	(24,698)
Postretirement Plans (Liability) Asset
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	42	(272)	(1,399)
Other comprehensive income (loss) before reclassifications	(466)	536	671
Amounts reclassified from accumulated other comprehensive income	347	(222)	456
Net current-period other comprehensive income (loss)	(119)	314	1,127
Ending balance	(77)	42	(272)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(341,975)	(24,970)	14,350
Ending balance	$ (308,030)	$ (341,975)	$ (24,970)

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Service charges on deposit accounts	$ 16,800	$ 15,523	$ 12,317
Other service charges, commissions, and fees:
Bankcard Interchange income, net	9,319	14,996	17,323
Other service charges and fees	6,405	5,683	4,352
Commissions from sales of insurance and financial products:
Insurance income	0	0	2,725
Wealth management income	5,503	5,195	4,160
SBA consulting fees	1,803	2,608	7,231
Noninterest income (in-scope of ASC 606)	39,830	44,005	48,108
Noninterest income (out-of-scope of ASC 606)	17,660	23,980	25,503
Total noninterest income	$ 57,490	$ 67,985	$ 73,611

Uncategorized Items - fbnc-2023

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]