First Bancorp (FBNC) 10-Q 7 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		41,278,816
Entity Central Index Key	0000811589
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks, noninterest-bearing	$ 90,468	$ 100,891
Due from banks, interest-bearing	517,944	136,964
Total cash and cash equivalents	608,412	237,855
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	1,867,211	2,189,379
Securities held to maturity (fair values of $431,442 and $449,623, respectively)	523,600	533,678
Presold mortgages in process of settlement	7,247	2,667
Loans	8,069,848	8,150,102
Allowance for credit losses on loans	(110,058)	(109,853)
Net loans	7,959,790	8,040,249
Premises and equipment, net	147,110	150,957
Accrued interest receivable	35,605	37,351
Goodwill	478,750	478,750
Other intangible assets, net	26,080	29,507
Bank-owned life insurance	186,031	183,897
Other assets	220,969	230,652
Total assets	12,060,805	12,114,942
Liabilities
Noninterest-bearing deposits	3,339,678	3,379,876
Interest-bearing deposits	7,148,151	6,651,723
Total deposits	10,487,829	10,031,599
Borrowings	91,513	630,158
Accrued interest payable	5,728	5,699
Other liabilities	71,393	75,106
Total liabilities	10,656,463	10,742,562
Commitments and contingencies
Shareholders' Equity
Preferred stock, no par value per share. Authorized: 5,000,000 shares, Issued & outstanding: none and none	0	0
Common stock, no par value per share. Authorized: 60,000,000 shares, Issued & outstanding: 41,156,286 and 41,109,987 shares	967,239	963,990
Retained earnings	752,294	716,420
Stock in rabbi trust assumed in acquisition	(1,139)	(1,385)
Rabbi trust obligation	1,139	1,385
Accumulated other comprehensive loss	(315,191)	(308,030)
Total shareholders’ equity	1,404,342	1,372,380
Total liabilities and shareholders’ equity	$ 12,060,805	$ 12,114,942

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities held to maturity fair values	$ 431,442	$ 449,623
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)	41,187,943	41,109,987
Common stock, shares outstanding (in shares)	41,187,943	41,109,987

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest Income
Interest and fees on loans	$ 110,425	$ 102,963	$ 220,181	$ 202,343
Interest on investment securities:
Taxable interest income	11,291	13,063	24,019	26,479
Tax-exempt interest income	1,117	1,120	2,234	2,250
Other, principally overnight investments	5,942	4,015	8,913	7,263
Total interest income	128,775	121,161	255,347	238,335
Interest Expense
Interest on deposits	44,744	27,328	83,879	46,246
Interest on borrowings	2,963	6,848	11,168	12,618
Total interest expense	47,707	34,176	95,047	58,864
Net interest income	81,068	86,985	160,300	179,471
Provision for credit losses	541	2,361	1,741	14,863
Net interest income after provision for credit losses	80,527	84,624	158,559	164,608
Noninterest Income
Service charges on deposit accounts	4,139	4,114	8,007	8,008
Other service charges and fees	5,361	5,650	10,973	11,570
Presold mortgage loan fees and gains on sale	588	557	926	963
Commissions from sales of financial products	1,377	1,413	2,697	2,719
SBA loan sale gains	1,336	696	2,231	951
Bank-owned life insurance income	1,179	1,066	2,343	2,112
Securities losses, net	(186)	0	(1,161)	0
Other income	854	739	1,570	1,448
Total noninterest income	14,648	14,235	27,586	27,771
Noninterest Expense
Salaries	27,809	28,676	55,451	57,997
Employee benefits	6,703	6,165	12,972	12,558
Total personnel expense	34,512	34,841	68,423	70,555
Occupancy and equipment expense	4,850	4,972	10,438	10,039
Merger and acquisition expenses	0	1,334	0	13,516
Intangibles amortization	1,669	2,049	3,428	4,194
Other operating expenses	17,260	18,397	35,189	37,464
Total noninterest expenses	58,291	61,593	117,478	135,768
Income before income taxes	36,884	37,266	68,667	56,611
Income tax expense	8,172	7,863	14,683	12,047
Net income	$ 28,712	$ 29,403	$ 53,984	$ 44,564
Earnings per common share:
Basic (in dollars per share)	$ 0.70	$ 0.72	$ 1.31	$ 1.09
Diluted (in dollars per share)	$ 0.70	$ 0.71	$ 1.31	$ 1.08
Weighted average common shares outstanding:
Basic (in shares)	40,879,684	40,721,840	40,861,775	40,665,172
Diluted (in shares)	41,262,091	41,129,100	41,256,081	41,123,869

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 28,712	$ 29,403	$ 53,984	$ 44,564
Unrealized gains (losses) on securities available for sale:
Unrealized holding gains (losses) arising during the period, pretax	8,614	(31,415)	(10,529)	3,918
Tax (expense) benefit	(1,995)	7,273	2,437	(152)
Reclassification to realized losses	186	0	1,161	0
Tax expense	(43)	0	(269)	0
Postretirement Plans:
Amortization of unrecognized net actuarial losses	25	44	50	88
Tax benefit	(5)	(10)	(11)	(21)
Other comprehensive income (loss)	6,782	(24,108)	(7,161)	3,833
Comprehensive income	$ 35,494	$ 5,295	$ 46,823	$ 48,397

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Stock in Rabbi Trust Assumed in Acquisition	Rabbi Trust Obligation	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2022		35,704,000
Beginning 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	44,564		44,564
Cash dividends declared	(18,049)		(18,049)
Change in Rabbi Trust Obligation	0			220	(220)
Equity issued related to acquisition (in shares)		5,033,000
Equity issued related to acquisition	229,489	$ 229,489
Stock options exercised (in shares)		193,000
Stock options exercised	3,703	$ 3,703
Stock withheld for payment of taxes (in shares)		(6,000)
Stock withheld for payment of taxes	(186)	$ (186)
Stock-based compensation (in shares)		159,000
Stock-based compensation	2,692	$ 2,692
Other comprehensive loss	3,833					3,833
Ending balance (in shares) at Jun. 30, 2023		41,083,000
Ending balance at Jun. 30, 2023	1,297,642	$ 960,851	674,933	(1,365)	1,365	(338,142)
Beginning balance (in shares) at Mar. 31, 2023		40,987,000
Beginning balance at Mar. 31, 2023	1,299,961	$ 959,422	654,573	(1,608)	1,608	(314,034)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	29,403		29,403
Cash dividends declared	(9,043)		(9,043)
Change in Rabbi Trust Obligation	0			243	(243)
Stock options exercised (in shares)		23,000
Stock options exercised	488	$ 488
Stock withheld for payment of taxes (in shares)		(6,000)
Stock withheld for payment of taxes	(186)	$ (186)
Stock-based compensation (in shares)		79,000
Stock-based compensation	1,127	$ 1,127
Other comprehensive loss	(24,108)					(24,108)
Ending balance (in shares) at Jun. 30, 2023		41,083,000
Ending balance at Jun. 30, 2023	$ 1,297,642	$ 960,851	674,933	(1,365)	1,365	(338,142)
Beginning balance (in shares) at Dec. 31, 2023	41,109,987	41,110,000
Beginning balance at Dec. 31, 2023	$ 1,372,380	$ 963,990	716,420	(1,385)	1,385	(308,030)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	53,984		53,984
Cash dividends declared	(18,110)		(18,110)
Change in Rabbi Trust Obligation	0			246	(246)
Stock options exercised (in shares)		52,000
Stock options exercised	1,105	$ 1,105
Stock withheld for payment of taxes (in shares)		(4,000)
Stock withheld for payment of taxes	(126)	$ (126)
Stock-based compensation (in shares)		30,000
Stock-based compensation	2,270	$ 2,270
Other comprehensive loss	$ (7,161)					(7,161)
Ending balance (in shares) at Jun. 30, 2024	41,187,943	41,188,000
Ending balance at Jun. 30, 2024	$ 1,404,342	$ 967,239	752,294	(1,139)	1,139	(315,191)
Beginning balance (in shares) at Mar. 31, 2024		41,156,000
Beginning balance at Mar. 31, 2024	1,376,099	$ 965,429	732,643	(1,396)	1,396	(321,973)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,712		28,712
Cash dividends declared	(9,061)		(9,061)
Change in Rabbi Trust Obligation	0			257	(257)
Stock options exercised (in shares)		16,000
Stock options exercised	379	$ 379
Stock-based compensation (in shares)		16,000
Stock-based compensation	1,431	$ 1,431
Other comprehensive loss	$ 6,782					6,782
Ending balance (in shares) at Jun. 30, 2024	41,187,943	41,188,000
Ending balance at Jun. 30, 2024	$ 1,404,342	$ 967,239	$ 752,294	$ (1,139)	$ 1,139	$ (315,191)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.22	$ 0.44	$ 0.44

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows From Operating Activities
Net income	$ 53,984	$ 44,564
Reconciliation of net income to net cash provided by operating activities:
Provision for credit losses	1,741	14,863
Net security premium amortization	4,448	4,731
Deferred income taxes	(1,358)	(2,324)
Loan discount accretion	(5,645)	(7,151)
Deposit and debt discount accretion, net	886	2,317
Foreclosed property gains, net	(153)	(35)
Securities losses, net	1,161	0
Other gains, net	(555)	(561)
Bank-owned life insurance income	(2,343)	(2,112)
Net amortization of deferred loan costs/(fees)	(886)	(590)
Depreciation of premises and equipment	4,029	3,778
Amortization of operating lease right-of-use assets	990	1,090
Repayments of lease obligations	(949)	(1,014)
Stock-based compensation expense	2,093	2,245
Amortization of intangible assets	3,428	4,194
Amortization and impairment of SBA servicing assets	890	494
Gains on sale of loans	(3,157)	(1,914)
Origination of presold mortgage loans in process of settlement and SBA loans held for sale	(76,938)	(64,117)
Proceeds from sales of presold mortgage loans in process of settlement and SBA loans	82,784	57,369
Increase in accrued interest receivable	1,746	2,001
Decrease in other assets	952	4,048
Increase in accrued interest payable	29	1,725
Decrease in other liabilities	453	1,553
Net cash provided by operating activities	67,630	65,154
Cash Flows From Investing Activities
Proceeds from maturities, calls and principal repayments of securities available for sale	167,698	96,686
Proceeds from maturities, calls and principal repayments of securities held to maturity	6,867	1,587
Proceeds from sales of securities available for sale	138,182	111,862
Proceeds from sale of VISA B shares	4,522	0
Purchases of Federal Reserve and FHLB stock	(15,804)	(51,177)
Redemptions of Federal Reserve and FHLB stock	28,880	35,892
Proceeds from bank owned life insurance death benefits	209	137
Purchases of other investments	(1,465)	0
Net decrease (increase) in loans	75,748	(226,193)
Proceeds from sales of foreclosed properties	217	192
Purchases of premises and equipment	(1,721)	(1,854)
Proceeds from sales of premises and equipment	10	45
Net cash received in acquisition activities	0	22,610
Net cash provided by (used in) investing activities	403,343	(10,213)
Cash Flows From Financing Activities
Net increase (decrease) in deposits	455,723	(106,165)
Proceeds from the issuance of other borrowings	481,000	1,224,500
Repayment of other borrowings	(1,010,024)	(1,069,569)
Repayment of subordinated debentures	(10,000)	0
Cash dividends paid – common stock	(18,094)	(16,867)
Proceeds from stock option exercises	1,105	3,703
Payment of taxes related to stock withheld	(126)	(186)
Net cash (used) provided by financing activities	(100,416)	35,416
Increase in cash and cash equivalents	370,557	90,357
Cash and cash equivalents, beginning of period	237,855	270,318
Cash and cash equivalents, end of period	608,412	360,675
Supplemental Disclosures of Cash Flow Information:
Cash paid during the period for interest	94,342	54,694
Cash paid during the period for income taxes	14,382	12,917
Non-cash: Unrealized (loss) gain on securities available for sale, net of taxes	(7,200)	3,765
Non-cash: Foreclosed loans transferred to other real estate	0	576
Non-cash: Accrued dividends at end of period	9,061	9,038
Cancellation Of Operating Lease Right-Of-Use Assets And Operating Lease Liabilities, Non Cash	$ (1,497)	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and 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. All significant intercompany accounts and transactions have been eliminated. During the second quarter of 2024, SBA Complete became inactive with certain activities transitioning to the Bank. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all information and notes necessary for complete financial statements in accordance with GAAP. In the opinion of the Company, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly the consolidated financial position of the Company as of June 30, 2024, the consolidated results of income, comprehensive income and shareholders' equity for the three and six months ended June 30, 2024 and 2023, and the consolidated cash flows for the six months ended June 30, 2024 and 2023. Any such adjustments were of a normal, recurring nature. These interim financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes in the 2023 Annual Report for the year ended December 31, 2023. Operating results for interim period are not necessarily indicative of the results that may be expected for the full year. In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to the current presentation. Such reclassifications had no effect on previously reported shareholders’ equity or net income. Refer to Note 1 of the 2023 Annual Report filed with the Securities and Exchange Commission (“SEC”) for a discussion of accounting policies and other relevant information with respect to the financial statements. The Company has evaluated all subsequent events through the date the consolidated financial statements were issued. Accounting Standards Adopted in 2024 Accounting Standards Update ("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 did not have a significant impact on the Company's consolidated financial statements. Accounting Standards Pending Adoption 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” amends 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 consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions On January 1, 2023, the Company completed its acquisition 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 FASB Accounting Standards Codification ("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 in accordance with ASC 805-10, " Business Combinations ." 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 loan losses (5,610) Premises and equipment 20,268 Core deposit intangible 28,840 Operating right-of-use lease 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 adjustment of $29.5 million was recorded. Purchased loans with financial deterioration ("PCD loans") were determined based primarily on internal grades, delinquency status, and other evidence of credit deterioration. The Company calculated the initial allowance of $5.6 million on PCD loans in accordance with its current expected credit loss model ("CECL") and reclassified that amount from the fair value adjustment to establish the initial allowance for credit losses ("ACL") on PCD loans. The following table presents additional information related to the acquired loan portfolio at the acquisition date: ($ 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: Core deposit intangible ("CDI") asset represents the value of the relationships with deposit customers. The fair value for the core deposit intangible 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 10 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.

Securities

Securities	6 Months Ended
	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Securities	Securities The book values and approximate fair values of investment securities at June 30, 2024 and December 31, 2023 are summarized as follows: ($ in thousands) June 30, 2024 December 31, 2023 Amortized Fair Unrealized Amortized Fair Unrealized Gains (Losses) Gains (Losses) Securities available for sale: U.S. Treasuries $ — $ — $ — $ — $ 174,785 $ 172,570 $ — $ (2,215) Government-sponsored enterprise securities 71,967 60,127 — (11,840) 71,964 60,266 — (11,698) Mortgage-backed securities 2,186,655 1,789,243 12 (397,424) 2,323,674 1,937,784 30 (385,920) Corporate bonds 18,677 17,841 — (836) 19,676 18,759 — (917) Total available for sale $ 2,277,299 $ 1,867,211 $ 12 $ (410,100) $ 2,590,099 $ 2,189,379 $ 30 $ (400,750) Securities held to maturity: Mortgage-backed securities $ 10,645 $ 10,008 $ — $ (637) $ 12,085 $ 11,447 $ — $ (638) State and local governments 512,955 421,434 — (91,521) 521,593 438,176 39 (83,456) Total held to maturity $ 523,600 $ 431,442 $ — $ (92,158) $ 533,678 $ 449,623 $ 39 $ (84,094) 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 $0.7 million as of June 30, 2024 and December 31, 2023. The following table presents information regarding all securities with unrealized losses at June 30, 2024: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasuries $ — $ — $ — $ — $ — $ — Government-sponsored enterprise securities — — 60,127 11,840 60,127 11,840 Mortgage-backed securities 190 1 1,796,740 398,060 1,796,930 398,061 Corporate bonds 375 51 15,716 785 16,091 836 State and local governments 5,157 85 415,914 91,436 421,071 91,521 Total unrealized loss position $ 5,722 $ 137 $ 2,288,497 $ 502,121 $ 2,294,219 $ 502,258 The following table presents information regarding all 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 U.S. Treasuries $ — $ — $ 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 unrealized loss position $ 1,117 $ 5 $ 2,628,150 $ 484,839 $ 2,629,267 $ 484,844 As of June 30, 2024, the Company's securities portfolio included 621 securities of which 600 securities were in an unrealized loss position. As of December 31, 2023, the Company's securities portfolio included 657 securities of which 632 securities were in an unrealized loss position. In the above tables, all of the securities that were in an unrealized loss position at June 30, 2024 and December 31, 2023 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 one state or local government entity. Nearly all of our mortgage-backed securities were issued by Federal Home Loan Mortgage Corporation ("FHLMC"), Federal National Mortgage Association ("FNMA"), Government National Mortgage Association ("GNMA"), or the Small Business Administration ("SBA"), each of which is a government agency or GSE and guarantees the repayment of the securities. At June 30, 2024 and December 31, 2023, the Company determined that expected credit losses associated with held to maturity securities and available for sale debt securities were insignificant. The book values and approximate fair values of investment securities at June 30, 2024, 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 Due within one year $ 2,501 $ 2,485 $ — $ — Due after one year but within five years 10,000 8,604 5,409 5,155 Due after five years but within ten years 78,143 66,879 154,619 128,571 Due after ten years — — 352,927 287,708 Mortgage-backed securities 2,186,655 1,789,243 10,645 10,008 Total securities $ 2,277,299 $ 1,867,211 $ 523,600 $ 431,442 At June 30, 2024 and December 31, 2023, investment securities with carrying values of $874.1 million and $971.3 million, respectively, were pledged as collateral for public deposits. In addition, at June 30, 2024 and December 31, 2023, investment securities with carrying values of $627.0 million and $679.0 million, respectively, were pledged as collateral for Federal Reserve Bank ("Federal Reserve") borrowings. At June 30, 2024 and December 31, 2023, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies or GSEs, in an amount greater than 10% of shareholders' equity. During the second quarter of 2024, the Company sold all of its holdings of Class B shares of Visa, Inc. (“Visa”) stock that were received upon Visa’s initial public offering and recognized a gain of $4.5 million. As the Class B stock did not initially have a readily determinable fair value, it was carried at $0 prior to the sale. During the three and six months ended June 30, 2024, the Company received proceeds from sales of securities of $138.2 million and recorded $4.7 million in gross losses from the sales. This loss was partially offset by the $4.5 million gain on the sale of the Visa stock discussed above. During the first quarter of 2024, the Company received proceeds from the call of a security of $5.2 million and recorded a $975 thousand loss related to the unamortized premium balance at the time of the call. During the first quarter of 2023, the Company sold substantially all of the securities acquired from GrandSouth at their initially recorded fair values. Accordingly, there was no gain or loss recorded on the sale of acquired securities. Included in “Other assets” in the consolidated balance sheets are investments in Federal Home Loan Bank (“FHLB”) and Federal Reserve stock totaling $41.4 million and $54.5 million at June 30, 2024 and December 31, 2023, respectively. These investments do not have readily determinable fair values. The FHLB stock had a cost of $8.5 million and $21.7 million at June 30, 2024 and December 31, 2023, 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 $32.9 million and $32.8 million at June 30, 2024 and December 31, 2023, 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.

Loans, Allowance for Credit Los

Loans, Allowance for Credit Losses, and Asset Quality Information	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Loans, Allowance for Credit Losses, and Asset Quality Information	90 days past due — — Total nonperforming loans 43,597 43,927 Foreclosed real estate 1,150 862 Total nonperforming assets $ 44,747 $ 44,789 At June 30, 2024 and December 31, 2023, the Company had $1.8 million and $1.0 million, respectively, in residential mortgage loans in the process of foreclosure. At June 30, 2024 and December 31, 2023, there was one loan with a commitment to lend an immaterial amount of additional funds to a borrower whose loan was nonperforming. The following table is a summary of the Company’s nonaccrual loans by major categories as of June 30, 2024: ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 544 $ 11,411 $ 11,955 Construction, development & other land loans — 30 30 Commercial real estate - owner occupied 879 8,240 9,119 Commercial real estate - non owner occupied 540 5,299 5,839 Residential 1-4 family real estate — 4,192 4,192 Home equity loans/lines of credit — 1,707 1,707 Consumer loans — 260 260 Total $ 1,963 $ 31,139 $ 33,102 The following table is a summary of the Company’s nonaccrual loans by major categories as of 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 There was no interest income recognized during the periods presented on nonaccrual loans. In the period that the Company places a loan on nonaccrual status, contractual interest income is reversed in the consolidated income statement. The following table represents the accrued interest receivables written off by reversing interest income during each period indicated: ($ in thousands) Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Commercial and industrial $ 226 $ 162 Construction, development & other land loans — 2 Commercial real estate - owner occupied 168 64 Commercial real estate - non owner occupied 55 7 Residential 1-4 family real estate 34 20 Home equity loans/lines of credit 16 16 Consumer loans — 1 Total $ 499 $ 272 The following table presents an analysis of the payment status of the Company’s loans as of June 30, 2024: ($ in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Commercial and industrial $ 848,838 $ 1,615 $ 958 $ 11,955 $ 863,366 Construction, development & other land loans 763,878 493 17 30 764,418 Commercial real estate - owner occupied 1,239,688 955 505 9,119 1,250,267 Commercial real estate - non owner occupied 2,555,460 504 — 5,839 2,561,803 Multi-family real estate 497,187 — — — 497,187 Residential 1-4 family real estate 1,721,038 683 3,137 4,192 1,729,050 Home equity loans/lines of credit 323,222 1,362 120 1,707 326,411 Consumer loans 75,822 278 278 260 76,638 Total $ 8,025,133 $ 5,890 $ 5,015 $ 33,102 8,069,140 Unamortized net deferred loan costs/(fees) 708 Total loans $ 8,069,848 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2023: ($ in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Commercial and industrial $ 892,003 $ 3,726 $ 257 $ 9,876 $ 905,862 Construction, development & other land loans 992,084 241 256 399 992,980 Commercial real estate - owner occupied 1,250,670 906 404 7,042 1,259,022 Commercial real estate - non owner occupied 2,520,496 361 — 7,203 2,528,060 Multi-family real estate 421,376 — — — 421,376 Residential 1-4 family real estate 1,612,357 18,868 3,401 4,843 1,639,469 Home equity loans/lines of credit 331,413 603 349 2,703 335,068 Consumer loans 67,900 270 131 142 68,443 Total $ 8,088,299 $ 24,975 $ 4,798 $ 32,208 8,150,280 Unamortized net deferred loan costs/(fees) (178) Total loans $ 8,150,102 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 $500,000 in size that management of the Company designates as having higher risk. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the Allowance for Credit Losses ("ACL"). The following table presents an analysis of collateral dependent loans of the Company as of June 30, 2024: ($ in thousands) Residential Property Business Assets Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — $ 597 $ — $ 597 Construction, development & other land loans — 263 2,541 2,804 Commercial real estate - owner occupied — — 5,478 5,478 Commercial real estate - non owner occupied — — 14,090 14,090 Total $ — $ 860 $ 22,109 $ 22,969 The following table presents an analysis of collateral dependent loans of the Company as of December 31, 2023: ($ in thousands) Residential Property Business Assets 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 There have been no material changes from the treatment of collateral dependent loans under CECL as discussed in Note 4 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. The following tables presents the activity in the ACL on loans for each of the periods indicated. 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 current expected credit loss ("CECL") model, and as occurred in 2023, adjustments for acquired loan portfolios. The change to the level of ACL during the six months ended June 30, 2024 was determined based primarily on updated economic forecasts, which are a key assumption in the CECL model and which indicated improvement in certain economic forecasts along with reductions in loan balances during the period, partially offset by a continued reduction of the commercial real estate pricing index, thus resulting in little change to the ACL for the quarter or year to date. ($ in thousands) Beginning balance Charge-offs Recoveries Provisions / (Reversals) Ending balance As of and for the three months ended June 30, 2024 Commercial and industrial $ 20,294 $ (2,478) $ 857 $ 1,164 $ 19,837 Construction, development & other land loans 11,783 — 50 (1,837) 9,996 Commercial real estate - owner occupied 18,163 (30) 4 (278) 17,859 Commercial real estate - non owner occupied 26,252 — 41 (417) 25,876 Multi-family real estate 4,422 — — 707 5,129 Residential 1-4 family real estate 22,704 (6) 106 2,051 24,855 Home equity loans/lines of credit 3,336 (2) 17 (174) 3,177 Consumer loans 3,113 (141) 123 234 3,329 Total $ 110,067 $ (2,657) $ 1,198 $ 1,450 $ 110,058 As of and for the six months ended June 30, 2024 Commercial and industrial $ 21,227 $ (4,063) $ 1,100 $ 1,573 $ 19,837 Construction, development & other land loans 13,940 (79) 147 (4,012) 9,996 Commercial real estate - owner occupied 18,218 (88) 8 (279) 17,859 Commercial real estate - non owner occupied 24,916 (158) 43 1,075 25,876 Multi-family real estate 3,825 — — 1,304 5,129 Residential 1-4 family real estate 21,396 (6) 227 3,238 24,855 Home equity loans/lines of credit 3,339 (2) 22 (182) 3,177 Consumer loans 2,992 (376) 180 533 3,329 Total $ 109,853 $ (4,772) $ 1,727 $ 3,250 $ 110,058 ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Charge-offs Recoveries Provisions / (Reversals) Ending balance As of and for the three months ended June 30, 2023 Commercial and industrial $ 23,073 $ — $ (1,534) $ 492 $ 1,411 $ 23,442 Construction, development & other land loans 18,986 — — 158 (667) 18,477 Commercial real estate - owner occupied 16,082 — — 34 265 16,381 Commercial real estate - non owner occupied 25,990 — — 38 246 26,274 Multi-family real estate 3,204 — — 3 739 3,946 Residential 1-4 family real estate 12,285 — — 79 1,941 14,305 Home equity loans/lines of credit 3,481 — — 40 196 3,717 Consumer loans 3,295 — (217) 41 (431) 2,688 Total $ 106,396 $ — $ (1,751) $ 885 $ 3,700 $ 109,230 As of and for the six months ended June 30, 2023 Commercial and industrial $ 17,718 $ 5,197 $ (3,711) $ 766 $ 3,472 $ 23,442 Construction, development & other land loans 15,128 49 — 223 3,077 18,477 Commercial real estate - owner occupied 14,972 191 — 70 1,148 16,381 Commercial real estate - non owner occupied 22,780 51 (235) 432 3,246 26,274 Multi-family real estate 2,957 — — 7 982 3,946 Residential 1-4 family real estate 11,354 113 — 225 2,613 14,305 Home equity loans/lines of credit 3,158 8 (2) 74 479 3,717 Consumer loans 2,900 1 (424) 77 134 2,688 Total $ 90,967 $ 5,610 $ (4,372) $ 1,874 $ 15,151 $ 109,230 Credit Quality Indicators There have been no material changes from the treatment of credit quality tracking and risk grade descriptions as discussed in Note 4 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 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. 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. Term Loans by Year of Origination ($ in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total As of June 30, 2024 Commercial and industrial Pass $ 57,552 $ 104,107 $ 141,628 $ 96,224 $ 67,280 $ 83,501 $ 296,600 $ 846,892 Special Mention 761 540 157 120 161 872 567 3,178 Classified 148 2,537 3,006 161 618 5,754 1,072 13,296 Total commercial and industrial 58,461 107,184 144,791 96,505 68,059 90,127 298,239 863,366 Gross charge-offs, YTD 71 100 574 196 121 752 2,249 4,063 Construction, development & other land loans Pass 189,201 296,299 144,485 34,260 15,371 12,479 66,649 758,744 Special Mention 53 635 853 2,552 — 266 14 4,373 Classified 830 391 — — 67 13 — 1,301 Total construction, development & other land loans 190,084 297,325 145,338 36,812 15,438 12,758 66,663 764,418 Gross charge-offs, YTD — 79 — — — — — 79 Commercial real estate - owner occupied Pass 80,629 230,673 301,138 274,787 165,067 143,931 17,912 1,214,137 Special Mention 8,087 2,654 4,421 237 763 7,509 — 23,671 Classified 2,808 343 1,491 458 1,256 6,053 50 12,459 Total commercial real estate - owner occupied 91,524 233,670 307,050 275,482 167,086 157,493 17,962 1,250,267 Gross charge-offs, YTD — 25 — — — 63 — 88 Commercial real estate - non owner occupied Pass 225,801 431,974 729,144 673,742 274,613 168,641 30,416 2,534,331 Special Mention 13,216 274 199 16 380 6,956 452 21,493 Classified 254 400 30 12 4,233 1,050 — 5,979 Total commercial real estate - non owner occupied 239,271 432,648 729,373 673,770 279,226 176,647 30,868 2,561,803 Gross charge-offs, YTD — — — — — 158 — 158 Multi-family real estate Pass 50,567 42,386 153,659 162,652 42,740 17,184 27,336 496,524 Special Mention 663 — — — — — — 663 Classified — — — — — — — — Total multi-family real estate 51,230 42,386 153,659 162,652 42,740 17,184 27,336 497,187 Gross charge-offs, YTD — — — — — — — — Residential 1-4 family real estate Pass 151,928 324,467 423,658 308,329 178,922 328,995 3,053 1,719,352 Special Mention 209 — 12 147 63 937 — 1,368 Classified 1,240 250 44 219 1,212 5,365 — 8,330 Total residential 1-4 family real estate 153,377 324,717 423,714 308,695 180,197 335,297 3,053 1,729,050 Gross charge-offs, YTD — — — — — 6 — 6 Home equity loans/lines of credit Pass 1,422 2,739 702 393 211 982 313,065 319,514 Special Mention 122 157 — — — — 16 295 Classified 106 44 — 141 90 9 6,212 6,602 Total home equity loans/lines of credit 1,650 2,940 702 534 301 991 319,293 326,411 Gross charge-offs, YTD — — — — — — 2 2 Consumer loans Pass 9,250 12,989 9,724 3,378 1,551 510 38,798 76,200 Special Mention — — — — — — 31 31 Classified — 4 35 55 — 29 284 407 Total consumer loans 9,250 12,993 9,759 3,433 1,551 539 39,113 76,638 Gross charge-offs, YTD — 17 20 4 — — 335 376 Total loans $ 794,847 $ 1,453,863 $ 1,914,386 $ 1,557,883 $ 754,598 $ 791,036 $ 802,527 8,069,140 Unamortized net deferred loan costs/(fees) 708 Total loans, net of deferred loan costs/(fees) $ 8,069,848 Total gross charge-offs, year to date $ 71 $ 221 $ 594 $ 200 $ 121 $ 979 $ 2,586 $ 4,772 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 costs/(fees) (178) Total loans, net of deferred loan costs/(fees) $ 8,150,102 Total gross charge-offs, year to date $ 205 $ 1,115 $ 1,070 $ 560 $ 821 $ 1,764 $ 4,640 $ 10,175 Loan Modifications to Borrowers 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 June 30, 2024 and June 30, 2023 of the loans modified during the three and six months then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted. ($ in thousands) Payment Delay Term Extension Combination - Term Extension and Payment Delay Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans As of and for the three months ended June 30, 2024 Commercial and industrial $ — $ 1 $ — $ 96 $ 97 0.01 % Residential 1-4 family real estate — 203 — — 203 0.01 % Home equity loans/lines of credit — 290 — — 290 0.09 % Total $ — $ 494 $ — $ 96 $ 590 0.01 % As of and for the six months ended June 30, 2024 Commercial and industrial $ 114 $ 1 $ 878 $ 96 $ 1,089 0.13 % Commercial real estate - non owner occupied — 111 — — 111 — % Residential 1-4 family real estate — 203 — — 203 0.01 % Home equity loans/lines of credit — 323 — 176 499 0.15 % Total $ 114 $ 638 $ 878 $ 272 $ 1,902 0.02 % ($ in thousands) Payment Delay Term Extension Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans As of and for the three months ended June 30, 2023 Commercial and industrial $ 1,363 $ 30 $ — $ 1,393 0.16 % Commercial real estate - owner occupied 188 287 — 475 0.04 % Residential 1-4 family real estate — 469 — 469 0.03 % Home equity loans/lines of credit — 1,317 — 1,317 0.39 % Total $ 1,551 $ 2,103 $ — $ 3,654 0.05 % As of and for the six months ended June 30, 2023 Commercial and industrial $ 1,513 $ 105 $ — $ 1,618 0.18 % Construction, development & other land loans — 502 12 514 0.05 % Commercial real estate - owner occupied 188 287 — 475 0.04 % Commercial real estate - non owner occupied — 96 — 96 — % Residential 1-4 family real estate — 515 — 515 0.04 % Home equity loans/lines of credit — 1,416 — 1,416 0.42 % Consumer loans — 228 — 228 0.34 % Total $ 1,701 $ 3,149 $ 12 $ 4,862 0.06 % For the three and six months ended June 30, 2024 and June 30, 2023, there were no modifications for borrowers experiencing financial difficulty with principal forgiveness concessions. The following table describes the financial effect for the three and six months ended June 30, 2024 of the modifications made for borrowers experiencing financial difficulty: Financial Effect of Modification to Borrowers Experiencing Financial Difficulty Weighted Average Interest Rate Reduction Weighted Average Payment Delay Weighted Average Term Extension For the three months ended June 30, 2024 Commercial and industrial 0.75% 0 27 Residential 1-4 family real estate —% 0 103 Home equity loans/lines of credit —% 0 95 For the six months ended June 30, 2024 Commercial and industrial 0.75% 36 13 Commercial real estate - non owner occupied —% 0 13 Residential 1-4 family real estate —% 0 103 Home equity loans/lines of credit 2.10% 0 69 The following table describes the financial effect for the three and six months ended June 30, 2023 of the modifications made for borrowers experiencing financial difficulty: Financial Effect of Modification to Borrowers Experiencing Financial Difficulty Weighted Average Interest Rate Reduction Weighted Average Payment Delay Weighted Average Term Extension For the three months ended June 30, 2023 Commercial and industrial —% 2 25 Commercial real estate - owner occupied —% 12 49 Residential 1-4 family real estate —% 0 25 Home equity loans/lines of credit —% 0 42 For the six months ended June 30, 2023 Commercial and industrial —% 2 13 Construction, development & other land loans 1.50% 0 7 Commercial real estate - owner occupied —% 12 49 Commercial real estate - non owner occupied —% 0 15 Residential 1-4 family real estate —% 0 24 Home equity loans/lines of credit —% 0 40 Consumer loans —% 0 6 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 depicts the performance of loans that were modified in the last twelve months as of June 30, 2024: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Commercial and industrial $ 1,258 $ — $ — $ — Construction, development & other land loans 111 — 17 — Commercial real estate - owner occupied 3,888 — — — Commercial real estate - non owner occupied 111 — — — Residential 1-4 family real estate 203 — 75 — Home equity loans/lines of credit 1,691 — — — $ 7,262 $ — $ 92 $ — The following table depicts the performance of loans that were modified in the last twelve months as of December 31, 2023: Payment Status (Amortized Cost Basis) ($ in thousands) 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 — — — $ 11,640 $ 79 $ — $ — None of the modifications made for borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 and June 30, 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. Concentration of Credit Risk Most of the Company's business activity is with customers located within the markets where it has banking operations. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy within its markets. Approximately 88% of the Company's loan portfolio is secured by real estate and is therefore susceptible to changes in real estate valuations. There have been no material changes to the primary loan markets (as identified by counties) from year end. 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 unfunded commitments 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. The allowance for unfunded loan commitments of $9.9 million and $11.4 million at June 30, 2024 and December 31, 2023, respectively, were separately classified on the consolidated balance sheets within "Other liabilities." The following table presents the balance and activity in the allowance for unfunded loan commitments for the six months ended June 30, 2024 and 2023: ($ in thousands) June 30, 2024 June 30, 2023 Beginning balance $ 11,369 $ 13,306 Initial provision for credit losses on unfunded commitments acquired from GrandSouth — 1,921 Charge-offs — — Recoveries — — Reversal of provision for unfunded commitments (1,509) (2,209) Ending balance $ 9,860 $ 13,018 Allowance for Credit Losses - Securities Held to Maturity The ACL for securities held to maturity was insignificant at June 30, 2024 and December 31, 2023." id="sjs-B4">Loans, Allowance for Credit Losses, and Asset Quality Information The following is a summary of the major categories of total loans outstanding: ($ in thousands) June 30, 2024 December 31, 2023 Amount Percentage Amount Percentage Commercial and industrial $ 863,366 11 % $ 905,862 11 % Construction, development & other land loans 764,418 9 % 992,980 12 % Commercial real estate - owner occupied 1,250,267 16 % 1,259,022 16 % Commercial real estate - non owner occupied 2,561,803 32 % 2,528,060 31 % Multi-family real estate 497,187 6 % 421,376 5 % Residential 1-4 family real estate 1,729,050 21 % 1,639,469 20 % Home equity loans/lines of credit 326,411 4 % 335,068 4 % Consumer loans 76,638 1 % 68,443 1 % Subtotal 8,069,140 100 % 8,150,280 100 % Unamortized net deferred loan costs/(fees) 708 (178) Total loans $ 8,069,848 $ 8,150,102 Also included in the table above are various SBA loans, generally originated under the SBA 7A program, with additional information on these loans presented in the table below. ($ in thousands) June 30, 2024 December 31, 2023 Guaranteed portions of SBA loans included in table above $ 41,033 $ 35,462 Unguaranteed portions of SBA loans included in table above 105,032 107,784 Total SBA loans included in the table above $ 146,065 $ 143,246 Sold portions of SBA loans with servicing retained - not included in tables above $ 338,648 $ 349,275 At June 30, 2024 and December 31, 2023, there were remaining unaccreted discounts on the retained portion of sold SBA loans amounting to $3.2 million and $3.5 milion, respectively. At June 30, 2024 and December 31, 2023, l oans in the amount of $6.6 billion and $6.5 billion, respectively, were pledged as collateral for certain borrowings. At June 30, 2024 and December 31, 2023, total loans included loans to executive officers and directors of the Company, and their associates, totaling approximately $63.9 million and $63.7 million, respectively. While there was one new loan, advances on existing loans totaled approximately $1.3 million for the six months ended June 30, 2024, and repayments amounted to $1.0 million for that period. Available credit on related party loans totaled $1.3 million and $2.7 million at June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 and December 31, 2023, unamortized discounts on all acquired loans totaled $19.3 million and $24.0 million, respectively. Loan discounts are generally amortized as yield adjustments over the respective lives of the loans, so long as the loans perform. Nonperforming assets ("NPAs") are defined as nonaccrual loans, modifications to borrowers in financial distress, loans past due 90 or more days and still accruing interest, and foreclosed real estate. The following table summarizes the NPAs for each date presented. ($ in thousands) June 30, December 31, Nonaccrual loans $ 33,102 $ 32,208 Modifications to borrowers in financial distress 10,495 11,719 Accruing loans > 90 days past due — — Total nonperforming loans 43,597 43,927 Foreclosed real estate 1,150 862 Total nonperforming assets $ 44,747 $ 44,789 At June 30, 2024 and December 31, 2023, the Company had $1.8 million and $1.0 million, respectively, in residential mortgage loans in the process of foreclosure. At June 30, 2024 and December 31, 2023, there was one loan with a commitment to lend an immaterial amount of additional funds to a borrower whose loan was nonperforming. The following table is a summary of the Company’s nonaccrual loans by major categories as of June 30, 2024: ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 544 $ 11,411 $ 11,955 Construction, development & other land loans — 30 30 Commercial real estate - owner occupied 879 8,240 9,119 Commercial real estate - non owner occupied 540 5,299 5,839 Residential 1-4 family real estate — 4,192 4,192 Home equity loans/lines of credit — 1,707 1,707 Consumer loans — 260 260 Total $ 1,963 $ 31,139 $ 33,102 The following table is a summary of the Company’s nonaccrual loans by major categories as of 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 There was no interest income recognized during the periods presented on nonaccrual loans. In the period that the Company places a loan on nonaccrual status, contractual interest income is reversed in the consolidated income statement. The following table represents the accrued interest receivables written off by reversing interest income during each period indicated: ($ in thousands) Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Commercial and industrial $ 226 $ 162 Construction, development & other land loans — 2 Commercial real estate - owner occupied 168 64 Commercial real estate - non owner occupied 55 7 Residential 1-4 family real estate 34 20 Home equity loans/lines of credit 16 16 Consumer loans — 1 Total $ 499 $ 272 The following table presents an analysis of the payment status of the Company’s loans as of June 30, 2024: ($ in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Commercial and industrial $ 848,838 $ 1,615 $ 958 $ 11,955 $ 863,366 Construction, development & other land loans 763,878 493 17 30 764,418 Commercial real estate - owner occupied 1,239,688 955 505 9,119 1,250,267 Commercial real estate - non owner occupied 2,555,460 504 — 5,839 2,561,803 Multi-family real estate 497,187 — — — 497,187 Residential 1-4 family real estate 1,721,038 683 3,137 4,192 1,729,050 Home equity loans/lines of credit 323,222 1,362 120 1,707 326,411 Consumer loans 75,822 278 278 260 76,638 Total $ 8,025,133 $ 5,890 $ 5,015 $ 33,102 8,069,140 Unamortized net deferred loan costs/(fees) 708 Total loans $ 8,069,848 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2023: ($ in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Commercial and industrial $ 892,003 $ 3,726 $ 257 $ 9,876 $ 905,862 Construction, development & other land loans 992,084 241 256 399 992,980 Commercial real estate - owner occupied 1,250,670 906 404 7,042 1,259,022 Commercial real estate - non owner occupied 2,520,496 361 — 7,203 2,528,060 Multi-family real estate 421,376 — — — 421,376 Residential 1-4 family real estate 1,612,357 18,868 3,401 4,843 1,639,469 Home equity loans/lines of credit 331,413 603 349 2,703 335,068 Consumer loans 67,900 270 131 142 68,443 Total $ 8,088,299 $ 24,975 $ 4,798 $ 32,208 8,150,280 Unamortized net deferred loan costs/(fees) (178) Total loans $ 8,150,102 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 $500,000 in size that management of the Company designates as having higher risk. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the Allowance for Credit Losses ("ACL"). The following table presents an analysis of collateral dependent loans of the Company as of June 30, 2024: ($ in thousands) Residential Property Business Assets Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — $ 597 $ — $ 597 Construction, development & other land loans — 263 2,541 2,804 Commercial real estate - owner occupied — — 5,478 5,478 Commercial real estate - non owner occupied — — 14,090 14,090 Total $ — $ 860 $ 22,109 $ 22,969 The following table presents an analysis of collateral dependent loans of the Company as of December 31, 2023: ($ in thousands) Residential Property Business Assets 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 There have been no material changes from the treatment of collateral dependent loans under CECL as discussed in Note 4 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. The following tables presents the activity in the ACL on loans for each of the periods indicated. 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 current expected credit loss ("CECL") model, and as occurred in 2023, adjustments for acquired loan portfolios. The change to the level of ACL during the six months ended June 30, 2024 was determined based primarily on updated economic forecasts, which are a key assumption in the CECL model and which indicated improvement in certain economic forecasts along with reductions in loan balances during the period, partially offset by a continued reduction of the commercial real estate pricing index, thus resulting in little change to the ACL for the quarter or year to date. ($ in thousands) Beginning balance Charge-offs Recoveries Provisions / (Reversals) Ending balance As of and for the three months ended June 30, 2024 Commercial and industrial $ 20,294 $ (2,478) $ 857 $ 1,164 $ 19,837 Construction, development & other land loans 11,783 — 50 (1,837) 9,996 Commercial real estate - owner occupied 18,163 (30) 4 (278) 17,859 Commercial real estate - non owner occupied 26,252 — 41 (417) 25,876 Multi-family real estate 4,422 — — 707 5,129 Residential 1-4 family real estate 22,704 (6) 106 2,051 24,855 Home equity loans/lines of credit 3,336 (2) 17 (174) 3,177 Consumer loans 3,113 (141) 123 234 3,329 Total $ 110,067 $ (2,657) $ 1,198 $ 1,450 $ 110,058 As of and for the six months ended June 30, 2024 Commercial and industrial $ 21,227 $ (4,063) $ 1,100 $ 1,573 $ 19,837 Construction, development & other land loans 13,940 (79) 147 (4,012) 9,996 Commercial real estate - owner occupied 18,218 (88) 8 (279) 17,859 Commercial real estate - non owner occupied 24,916 (158) 43 1,075 25,876 Multi-family real estate 3,825 — — 1,304 5,129 Residential 1-4 family real estate 21,396 (6) 227 3,238 24,855 Home equity loans/lines of credit 3,339 (2) 22 (182) 3,177 Consumer loans 2,992 (376) 180 533 3,329 Total $ 109,853 $ (4,772) $ 1,727 $ 3,250 $ 110,058 ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Charge-offs Recoveries Provisions / (Reversals) Ending balance As of and for the three months ended June 30, 2023 Commercial and industrial $ 23,073 $ — $ (1,534) $ 492 $ 1,411 $ 23,442 Construction, development & other land loans 18,986 — — 158 (667) 18,477 Commercial real estate - owner occupied 16,082 — — 34 265 16,381 Commercial real estate - non owner occupied 25,990 — — 38 246 26,274 Multi-family real estate 3,204 — — 3 739 3,946 Residential 1-4 family real estate 12,285 — — 79 1,941 14,305 Home equity loans/lines of credit 3,481 — — 40 196 3,717 Consumer loans 3,295 — (217) 41 (431) 2,688 Total $ 106,396 $ — $ (1,751) $ 885 $ 3,700 $ 109,230 As of and for the six months ended June 30, 2023 Commercial and industrial $ 17,718 $ 5,197 $ (3,711) $ 766 $ 3,472 $ 23,442 Construction, development & other land loans 15,128 49 — 223 3,077 18,477 Commercial real estate - owner occupied 14,972 191 — 70 1,148 16,381 Commercial real estate - non owner occupied 22,780 51 (235) 432 3,246 26,274 Multi-family real estate 2,957 — — 7 982 3,946 Residential 1-4 family real estate 11,354 113 — 225 2,613 14,305 Home equity loans/lines of credit 3,158 8 (2) 74 479 3,717 Consumer loans 2,900 1 (424) 77 134 2,688 Total $ 90,967 $ 5,610 $ (4,372) $ 1,874 $ 15,151 $ 109,230 Credit Quality Indicators There have been no material changes from the treatment of credit quality tracking and risk grade descriptions as discussed in Note 4 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 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. 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. Term Loans by Year of Origination ($ in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total As of June 30, 2024 Commercial and industrial Pass $ 57,552 $ 104,107 $ 141,628 $ 96,224 $ 67,280 $ 83,501 $ 296,600 $ 846,892 Special Mention 761 540 157 120 161 872 567 3,178 Classified 148 2,537 3,006 161 618 5,754 1,072 13,296 Total commercial and industrial 58,461 107,184 144,791 96,505 68,059 90,127 298,239 863,366 Gross charge-offs, YTD 71 100 574 196 121 752 2,249 4,063 Construction, development & other land loans Pass 189,201 296,299 144,485 34,260 15,371 12,479 66,649 758,744 Special Mention 53 635 853 2,552 — 266 14 4,373 Classified 830 391 — — 67 13 — 1,301 Total construction, development & other land loans 190,084 297,325 145,338 36,812 15,438 12,758 66,663 764,418 Gross charge-offs, YTD — 79 — — — — — 79 Commercial real estate - owner occupied Pass 80,629 230,673 301,138 274,787 165,067 143,931 17,912 1,214,137 Special Mention 8,087 2,654 4,421 237 763 7,509 — 23,671 Classified 2,808 343 1,491 458 1,256 6,053 50 12,459 Total commercial real estate - owner occupied 91,524 233,670 307,050 275,482 167,086 157,493 17,962 1,250,267 Gross charge-offs, YTD — 25 — — — 63 — 88 Commercial real estate - non owner occupied Pass 225,801 431,974 729,144 673,742 274,613 168,641 30,416 2,534,331 Special Mention 13,216 274 199 16 380 6,956 452 21,493 Classified 254 400 30 12 4,233 1,050 — 5,979 Total commercial real estate - non owner occupied 239,271 432,648 729,373 673,770 279,226 176,647 30,868 2,561,803 Gross charge-offs, YTD — — — — — 158 — 158 Multi-family real estate Pass 50,567 42,386 153,659 162,652 42,740 17,184 27,336 496,524 Special Mention 663 — — — — — — 663 Classified — — — — — — — — Total multi-family real estate 51,230 42,386 153,659 162,652 42,740 17,184 27,336 497,187 Gross charge-offs, YTD — — — — — — — — Residential 1-4 family real estate Pass 151,928 324,467 423,658 308,329 178,922 328,995 3,053 1,719,352 Special Mention 209 — 12 147 63 937 — 1,368 Classified 1,240 250 44 219 1,212 5,365 — 8,330 Total residential 1-4 family real estate 153,377 324,717 423,714 308,695 180,197 335,297 3,053 1,729,050 Gross charge-offs, YTD — — — — — 6 — 6 Home equity loans/lines of credit Pass 1,422 2,739 702 393 211 982 313,065 319,514 Special Mention 122 157 — — — — 16 295 Classified 106 44 — 141 90 9 6,212 6,602 Total home equity loans/lines of credit 1,650 2,940 702 534 301 991 319,293 326,411 Gross charge-offs, YTD — — — — — — 2 2 Consumer loans Pass 9,250 12,989 9,724 3,378 1,551 510 38,798 76,200 Special Mention — — — — — — 31 31 Classified — 4 35 55 — 29 284 407 Total consumer loans 9,250 12,993 9,759 3,433 1,551 539 39,113 76,638 Gross charge-offs, YTD — 17 20 4 — — 335 376 Total loans $ 794,847 $ 1,453,863 $ 1,914,386 $ 1,557,883 $ 754,598 $ 791,036 $ 802,527 8,069,140 Unamortized net deferred loan costs/(fees) 708 Total loans, net of deferred loan costs/(fees) $ 8,069,848 Total gross charge-offs, year to date $ 71 $ 221 $ 594 $ 200 $ 121 $ 979 $ 2,586 $ 4,772 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 costs/(fees) (178) Total loans, net of deferred loan costs/(fees) $ 8,150,102 Total gross charge-offs, year to date $ 205 $ 1,115 $ 1,070 $ 560 $ 821 $ 1,764 $ 4,640 $ 10,175 Loan Modifications to Borrowers 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 June 30, 2024 and June 30, 2023 of the loans modified during the three and six months then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted. ($ in thousands) Payment Delay Term Extension Combination - Term Extension and Payment Delay Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans As of and for the three months ended June 30, 2024 Commercial and industrial $ — $ 1 $ — $ 96 $ 97 0.01 % Residential 1-4 family real estate — 203 — — 203 0.01 % Home equity loans/lines of credit — 290 — — 290 0.09 % Total $ — $ 494 $ — $ 96 $ 590 0.01 % As of and for the six months ended June 30, 2024 Commercial and industrial $ 114 $ 1 $ 878 $ 96 $ 1,089 0.13 % Commercial real estate - non owner occupied — 111 — — 111 — % Residential 1-4 family real estate — 203 — — 203 0.01 % Home equity loans/lines of credit — 323 — 176 499 0.15 % Total $ 114 $ 638 $ 878 $ 272 $ 1,902 0.02 % ($ in thousands) Payment Delay Term Extension Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans As of and for the three months ended June 30, 2023 Commercial and industrial $ 1,363 $ 30 $ — $ 1,393 0.16 % Commercial real estate - owner occupied 188 287 — 475 0.04 % Residential 1-4 family real estate — 469 — 469 0.03 % Home equity loans/lines of credit — 1,317 — 1,317 0.39 % Total $ 1,551 $ 2,103 $ — $ 3,654 0.05 % As of and for the six months ended June 30, 2023 Commercial and industrial $ 1,513 $ 105 $ — $ 1,618 0.18 % Construction, development & other land loans — 502 12 514 0.05 % Commercial real estate - owner occupied 188 287 — 475 0.04 % Commercial real estate - non owner occupied — 96 — 96 — % Residential 1-4 family real estate — 515 — 515 0.04 % Home equity loans/lines of credit — 1,416 — 1,416 0.42 % Consumer loans — 228 — 228 0.34 % Total $ 1,701 $ 3,149 $ 12 $ 4,862 0.06 % For the three and six months ended June 30, 2024 and June 30, 2023, there were no modifications for borrowers experiencing financial difficulty with principal forgiveness concessions. The following table describes the financial effect for the three and six months ended June 30, 2024 of the modifications made for borrowers experiencing financial difficulty: Financial Effect of Modification to Borrowers Experiencing Financial Difficulty Weighted Average Interest Rate Reduction Weighted Average Payment Delay Weighted Average Term Extension For the three months ended June 30, 2024 Commercial and industrial 0.75% 0 27 Residential 1-4 family real estate —% 0 103 Home equity loans/lines of credit —% 0 95 For the six months ended June 30, 2024 Commercial and industrial 0.75% 36 13 Commercial real estate - non owner occupied —% 0 13 Residential 1-4 family real estate —% 0 103 Home equity loans/lines of credit 2.10% 0 69 The following table describes the financial effect for the three and six months ended June 30, 2023 of the modifications made for borrowers experiencing financial difficulty: Financial Effect of Modification to Borrowers Experiencing Financial Difficulty Weighted Average Interest Rate Reduction Weighted Average Payment Delay Weighted Average Term Extension For the three months ended June 30, 2023 Commercial and industrial —% 2 25 Commercial real estate - owner occupied —% 12 49 Residential 1-4 family real estate —% 0 25 Home equity loans/lines of credit —% 0 42 For the six months ended June 30, 2023 Commercial and industrial —% 2 13 Construction, development & other land loans 1.50% 0 7 Commercial real estate - owner occupied —% 12 49 Commercial real estate - non owner occupied —% 0 15 Residential 1-4 family real estate —% 0 24 Home equity loans/lines of credit —% 0 40 Consumer loans —% 0 6 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 depicts the performance of loans that were modified in the last twelve months as of June 30, 2024: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Commercial and industrial $ 1,258 $ — $ — $ — Construction, development & other land loans 111 — 17 — Commercial real estate - owner occupied 3,888 — — — Commercial real estate - non owner occupied 111 — — — Residential 1-4 family real estate 203 — 75 — Home equity loans/lines of credit 1,691 — — — $ 7,262 $ — $ 92 $ — The following table depicts the performance of loans that were modified in the last twelve months as of December 31, 2023: Payment Status (Amortized Cost Basis) ($ in thousands) 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 — — — $ 11,640 $ 79 $ — $ — None of the modifications made for borrowers experiencing financial difficulty during the three and six months ended June 30, 2024 and June 30, 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. Concentration of Credit Risk Most of the Company's business activity is with customers located within the markets where it has banking operations. Therefore, the Company’s exposure to credit risk is significantly affected by changes in the economy within its markets. Approximately 88% of the Company's loan portfolio is secured by real estate and is therefore susceptible to changes in real estate valuations. There have been no material changes to the primary loan markets (as identified by counties) from year end. 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 unfunded commitments 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. The allowance for unfunded loan commitments of $9.9 million and $11.4 million at June 30, 2024 and December 31, 2023, respectively, were separately classified on the consolidated balance sheets within "Other liabilities." The following table presents the balance and activity in the allowance for unfunded loan commitments for the six months ended June 30, 2024 and 2023: ($ in thousands) June 30, 2024 June 30, 2023 Beginning balance $ 11,369 $ 13,306 Initial provision for credit losses on unfunded commitments acquired from GrandSouth — 1,921 Charge-offs — — Recoveries — — Reversal of provision for unfunded commitments (1,509) (2,209) Ending balance $ 9,860 $ 13,018 Allowance for Credit Losses - Securities Held to Maturity The ACL for securities held to maturity was insignificant at June 30, 2024 and December 31, 2023.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill, Other Intangible Assets and Servicing Assets The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets and the carrying amount of unamortized intangible assets as of the periods presented. June 30, 2024 December 31, 2023 ($ in thousands) Gross Carrying Accumulated Net Amount Gross Carrying Accumulated Net Amount Amortizable intangible assets: Customer lists $ 1,600 $ 1,227 $ 373 $ 2,700 $ 2,167 $ 533 Core deposit intangibles 57,890 32,187 25,703 57,890 28,933 28,957 Other intangibles 100 96 4 100 83 17 Total amortizable intangible assets $ 59,590 $ 33,510 $ 26,080 $ 60,690 $ 31,183 $ 29,507 Unamortizable intangible assets: Goodwill $ 478,750 $ 478,750 Customer lists are generally amortized over five years and core deposit intangibles are generally amortized over 10 years, both at an accelerated rate. Amortization expense of all amortizable intangible assets totaled $1.7 million and $2.0 million for the three months ended June 30, 2024 and 2023, respectively, and $3.4 million and $4.2 million for the six months ended June 30, 2024 and 2023, respectively. Goodwill is evaluated for impairment on at least an annual basis, with the annual evaluation occurring as of October 31 of each year. Goodwill is also evaluated for impairment any time there is a triggering event indicating that impairment may have occurred. No triggering events were identified during 2024 to date and, therefore, the Company did not perform interim impairment evaluations. The Company's most recent evaluation of goodwill, which occurred in the fourth quarter of 2023, indicated that there was no goodwill impairment. There was no change to carrying amounts of goodwill during 2024. The following table presents the estimated amortization expense schedule related to acquisition-related amortizable intangible assets. These amounts will be recorded as "Intangibles amortization expense" within the noninterest expense section of the consolidated statements of income. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortizable intangible assets. ($ in thousands) Estimated Amortization July 1, 2024 to December 31, 2024 $ 3,176 2025 5,672 2026 4,704 2027 3,951 2028 3,197 Thereafter 5,380 Total $ 26,080 The Company recorded SBA guaranteed servicing fee income of $0.8 million and $0.9 million for the three months ended June 30, 2024 and 2023, respectively, and $1.5 million and $1.8 million for the six months ended June 30, 2024 and 2023, respectively. There was no impairment of SBA servicing assets at June 30, 2024 and December 31, 2023 and no significant changes in fair value assumptions from year end. The following table presents the changes in the SBA servicing assets (included in "Other assets" in the Company's consolidated balance sheet) for the three and six months ended June 30, 2024 and 2023: Three months ended June 30, Six months ended June 30, ($ in thousands) 2024 2023 2024 2023 Beginning balance, net $ 3,137 $ 3,897 $ 3,350 $ 4,004 Add: New servicing assets 319 195 543 271 Less: Amortization expense and impairment charges 453 311 890 494 Ending balance, net $ 3,003 $ 3,781 $ 3,003 $ 3,781

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings The following tables present information regarding the Company’s outstanding borrowings at June 30, 2024 and December 31, 2023 (dollars in thousands): Description Due date Call Feature Balance at June 30, 2024 Interest Rate FHLB Principal Reducing Credit 6/26/2028 to 12/20/2028 None $ 826 0.00% to 1.00% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.24% at 6/30/24 adjustable rate 3 month CME Term SOFR+ 2.91% Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.34% at 6/30/24 adjustable rate 3 month CME Term SOFR + 3.01% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 7.76% at 6/30/24 adjustable rate 3 month CME Term SOFR + 2.41% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 7.59% at 6/30/24 adjustable rate 3 month CME Term SOFR + 2.00% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 6.99% at 6/30/24 adjustable rate 3 month CME Term SOFR + 1.65% Trust Preferred Securities 6/23/2036 Quarterly by the Company beginning 6/23/2011 8,248 7.46% at 6/30/24 adjustable rate 3 month CME Term SOFR + 2.11% Subordinated Debentures 11/15/2030 Continuous by Company beginning 11/15/2025 18,000 4.38% fixed Total borrowings / weighted average rate as of June 30, 2024 96,150 6.93% Unamortized discount on acquired borrowings (4,637) Total borrowings $ 91,513 During the first and second quarters of 2024, the Company redeemed borrowings under the FRB Bank Term Funding Program totaling $18.0 million and $231.0 million, respectively. Also during the second quarter, the Company redeemed $10.0 million of subordinated debentures. Description Due date Call Feature Balance at December 31, 2023 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

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Lessee Disclosure [Abstract]
Leases	Leases The Company enters into leases in the normal course of business. As of June 30, 2024, the Company leased 14 bank branch offices for which the land and buildings are leased and ten branch offices for which the land is leased but the buildings are owned. The Company also leases office space for several operational departments. The lease agreements have maturity dates ranging from November 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 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 applicable 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, on a collateralized basis, 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 rates for leases were 3.30% and 3.19% as of June 30, 2024 and December 31, 2023, respectively. The right-of-use assets, included in "Other assets" on the Company's consolidated balance sheet, and lease liabilities, included in "Other liabilities" on the Company's consolidated balance sheet, were $14.6 million and $15.3 million as of June 30, 2024, respectively, and were $17.1 million and $17.8 million as of December 31, 2023, respectively. Total operating lease expenses, included in "Other operating expenses" in the Company's consolidated statement of income, were $0.5 million and $0.8 million for the three months ended June 30, 2024 and 2023, respectively, and $1.2 million and $1.5 million for the six months ended June 30, 2024 and 2023, respectively. Future undiscounted lease payments for operating leases with initial terms of greater than one year as of June 30, 2024 are as follows: ($ in thousands) July 1, 2024 to December 31, 2024 $ 1,139 2025 1,800 2026 1,517 2027 1,236 2028 1,145 Thereafter 16,120 Total undiscounted lease payments 22,957 Less effect of discounting (7,614) Present value of estimated lease payments (lease liability) $ 15,343

Pension Plans

Pension Plans	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Pension Plans	Pension PlansThe Company recorded periodic pension cost totaling $63,000 and $50,000 for the three months ended June 30, 2024 and 2023, respectively, and $126,000 and $101,000 for the six months ended June 30, 2024 and 2023, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments 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 June 30, 2024: ($ in thousands) Description of Financial Instruments Fair Value at June 30, 2024 Quoted Prices in Active Markets for Identical Assets Significant Other Significant Recurring Securities available for sale: Government-sponsored enterprise securities $ 60,127 $ — $ 60,127 $ — Mortgage-backed securities 1,789,243 — 1,789,243 — Corporate bonds 17,841 — 17,841 — Total available for sale securities $ 1,867,211 $ — $ 1,867,211 $ — Derivative financial assets $ 69 $ — $ 69 $ — Presold mortgages in process of settlement $ 7,247 $ — $ 7,247 $ — Derivative financial liabilities $ 70 $ — $ 70 $ — Nonrecurring Individually evaluated loans $ 4,561 $ — $ — $ 4,561 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: ($ in thousands) Description of Financial Instruments Fair Value at December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Significant 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 is a description of the valuation methodologies used for financial 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. For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of June 30, 2024, the significant unobservable inputs used in the fair value measurements were as presented in the tables below: ($ in thousands) Fair Value at June 30, 2024 Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 4,561 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, 2023, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, 2023 Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 1,953 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 at June 30, 2024 and December 31, 2023 were as follows: June 30, 2024 December 31, 2023 ($ in thousands) Level in Fair Carrying Estimated Carrying Estimated Cash and due from banks, noninterest-bearing Level 1 $ 90,468 $ 90,468 $ 100,891 $ 100,891 Due from banks, interest-bearing Level 1 517,944 517,944 136,964 136,964 Securities held to maturity Level 2 523,600 431,442 533,678 449,623 Total loans, net of allowance Level 3 7,959,790 7,250,188 8,040,249 7,379,079 Accrued interest receivable Level 1 35,605 35,605 37,351 37,351 Bank-owned life insurance Level 1 186,031 186,031 183,897 183,897 SBA Servicing Asset Level 3 3,002 3,923 3,351 4,049 Demand deposits, money market and savings Level 1 9,453,321 9,453,321 9,052,905 9,052,905 Time deposits Level 2 1,034,508 1,028,372 978,694 972,513 Borrowings Level 2 91,513 79,815 630,158 615,614 Accrued interest payable Level 1 5,728 5,728 5,699 5,699 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	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recorded total stock-based compensation expense of $0.9 million and $1.1 million for the three months ended June 30, 2024 and 2023, respectively, and $1.6 million and $2.2 million for the six months ended June 30, 2024 and 2023, respectively. These amounts are included in "Total personnel expense" on the accompanying consolidated statements of income. The Company recog nized income tax benefits related to stock-based compensation expense in its income statement of $218,000 an d $261,000 for the three months ended June 30, 2024 and 2023, respectively and $371,000 and $520,000 for the six months ended June 30, 2024 and 2023, respectively. At June 30, 2024, the sole equity-based compensation plan of the Company was the First Bancorp 2024 Equity Plan (the "Equity Plan"), which was approved by shareholders on May 31, 2024. As of June 30, 2024, the Equity Plan had 1,976,567 shares remaining available for grant. During the quarter, the First Bancorp 2014 Equity Plan expired and was replaced by the Equity Plan. 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 Equity 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. There have been no material changes to the treatment of stock awards and equity grants as discussed in Note 15 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. In addition to employee equity awards, the Company's practice is to grant unrestricted common shares to each non-employee director (currently twelve in total) in June of each year. The grants were valued at approximately $37,500 in 2024. Compensation expense associated with these director awards is fully recognized by the date of the award since there are no vesting conditions. The following table presents information regarding the activity for the first six months of 2024 related to the Company’s outstanding restricted stock awards: Long-Term Restricted Stock Awards Number of Units Weighted-Average Nonvested at January 1, 2024 291,291 $ 38.01 Granted during the period 20,244 34.10 Vested during the period (10,614) 41.62 Forfeited or expired during the period — — Nonvested at June 30, 2024 300,921 $ 37.31 Total unrecognized compensation expense as of June 30, 2024 amounted to $3.9 million with a weighted average remaining term of 1.5 years. For the nonvested awards that were outstanding at June 30, 2024, the Company expects to record $2.6 million in compensation expense in the next 12 months, $1.7 million of which is expected to be recorded in the remaining quarters of 2024.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following is a reconciliation of the numerators and denominators used in computing Basic and Diluted Earnings Per Common Share ("EPS"): For the Three Months Ended June 30, 2024 2023 ($ in thousands except per share amounts) Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 28,712 $ 29,403 Less: income allocated to restricted stock (205) (201) Basic EPS per common share $ 28,507 40,879,684 $ 0.70 $ 29,202 40,721,840 $ 0.72 Diluted EPS: Net income $ 28,712 40,879,684 $ 29,403 40,721,840 Effect of dilutive securities — 382,407 — 407,260 Diluted EPS per common share $ 28,712 41,262,091 $ 0.70 $ 29,403 41,129,100 $ 0.71 For the Six Months Ended June 30, 2024 2023 ($ in thousands except per share amounts) Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 53,984 $ 44,564 Less: income allocated to restricted stock (384) (299) Basic EPS per common share $ 53,600 40,861,775 $ 1.31 $ 44,265 40,665,172 $ 1.09 Diluted EPS: Net income $ 53,984 40,861,775 $ 44,564 40,665,172 Effect of dilutive securities — 394,306 — 458,697 Diluted EPS per common share $ 53,984 41,256,081 $ 1.31 $ 44,564 41,123,869 $ 1.08

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) ("AOCI") for the Company for the periods shows were as follows: ($ in thousands) June 30, 2024 December 31, 2023 Unrealized loss on securities available for sale $ (410,088) $ (400,720) Deferred tax asset 94,935 92,767 Net unrealized loss on securities available for sale (315,153) (307,953) Postretirement plans liability (50) (100) Deferred tax asset 12 23 Net postretirement plans liability (38) (77) Total accumulated other comprehensive loss $ (315,191) $ (308,030) The following tables disclose the changes in AOCI for the three and six months ended June 30, 2024 and 2023 (all amounts are net of tax): For the Three Months Ended June 30, 2024 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (321,915) $ (58) $ (321,973) Other comprehensive income before reclassifications 6,619 — 6,619 Amounts reclassified from accumulated other comprehensive income 143 20 163 Net current period other comprehensive income 6,762 20 6,782 Ending balance $ (315,153) $ (38) $ (315,191) For the Three Months Ended June 30, 2023 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (314,109) $ 75 $ (314,034) Other comprehensive loss before reclassifications (24,142) — (24,142) Amounts reclassified from accumulated other comprehensive income — 34 34 Net current period other comprehensive (loss) income (24,142) 34 (24,108) Ending balance $ (338,251) $ 109 $ (338,142) For the Six Months Ended June 30, 2024 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (307,953) $ (77) $ (308,030) Other comprehensive loss before reclassifications (8,092) — (8,092) Amounts reclassified from accumulated other comprehensive income 892 39 931 Net current-period other comprehensive (loss) income (7,200) 39 (7,161) Ending balance $ (315,153) $ (38) $ (315,191) For the Six Months Ended June 30, 2023 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (342,017) $ 42 $ (341,975) Other comprehensive income before reclassifications 3,766 — 3,766 Amounts reclassified from accumulated other comprehensive income — 67 67 Net current-period other comprehensive income 3,766 67 3,833 Ending balance $ (338,251) $ 109 $ (338,142) Amounts reclassified from AOCI for unrealized gain (loss) on securities available for sale 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	6 Months Ended
	Jun. 30, 2024
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 the “ Revenue from Contracts with Customers ” accounting standard (“ASC 606”) are recognized within noninterest income. The following table presents the Company’s sources of noninterest income for the three and six months ended June 30, 2024 and 2023. Items outside the scope of ASC 606 are noted as such. For the Three Months Ended For the Six Months Ended ($ in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Noninterest Income in-scope of ASC 606: Service charges on deposit accounts $ 4,139 $ 4,114 $ 8,007 $ 8,008 Other service charges and fees: Bankcard interchange income, net 2,359 2,368 4,673 4,950 Other service charges and fees 1,650 3,255 3,498 6,572 Commissions from sales of financial products 1,377 1,413 2,697 2,719 Portion of other income in-scope of ASC 606 55 409 312 930 Noninterest income (in-scope of ASC 606) 9,580 11,559 19,187 23,179 Noninterest income (out-of-scope of ASC 606) 5,068 2,676 8,399 4,592 Total noninterest income $ 14,648 $ 14,235 $ 27,586 $ 27,771 There have been no material changes from the Company's revenue streams accounted for under ASC 606 as discussed in Note 20 of the Company's Annual Report on Form 10-K for the year ended December 31, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income	$ 28,712	$ 29,403	$ 53,984	$ 44,564

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
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

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	In the opinion of the Company, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly the consolidated financial position of the Company as of June 30, 2024, the consolidated results of income, comprehensive income and shareholders' equity for the three and six months ended June 30, 2024 and 2023, and the consolidated cash flows for the six months ended June 30, 2024 and 2023. Any such adjustments were of a normal, recurring nature. These interim financial statements should be read in conjunction with the Company's audited consolidated financial statements and notes in the 2023 Annual Report for the year ended December 31, 2023. Operating results for interim period are not necessarily indicative of the results that may be expected for the full year. In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to the current presentation. Such reclassifications had no effect on previously reported shareholders’ equity or net income.
Accounting Standards Adopted in 2023 and Accounting Standards Pending Adoption	Accounting Standards Adopted in 2024 Accounting Standards Update ("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 did not have a significant impact on the Company's consolidated financial statements. Accounting Standards Pending Adoption 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” amends 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 consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	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 in accordance with ASC 805-10, " Business Combinations ." 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 loan losses (5,610) Premises and equipment 20,268 Core deposit intangible 28,840 Operating right-of-use lease 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

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023 are summarized as follows: ($ in thousands) June 30, 2024 December 31, 2023 Amortized Fair Unrealized Amortized Fair Unrealized Gains (Losses) Gains (Losses) Securities available for sale: U.S. Treasuries $ — $ — $ — $ — $ 174,785 $ 172,570 $ — $ (2,215) Government-sponsored enterprise securities 71,967 60,127 — (11,840) 71,964 60,266 — (11,698) Mortgage-backed securities 2,186,655 1,789,243 12 (397,424) 2,323,674 1,937,784 30 (385,920) Corporate bonds 18,677 17,841 — (836) 19,676 18,759 — (917) Total available for sale $ 2,277,299 $ 1,867,211 $ 12 $ (410,100) $ 2,590,099 $ 2,189,379 $ 30 $ (400,750) Securities held to maturity: Mortgage-backed securities $ 10,645 $ 10,008 $ — $ (637) $ 12,085 $ 11,447 $ — $ (638) State and local governments 512,955 421,434 — (91,521) 521,593 438,176 39 (83,456) Total held to maturity $ 523,600 $ 431,442 $ — $ (92,158) $ 533,678 $ 449,623 $ 39 $ (84,094)
Book Values and Fair Values of Held-to-Maturity Securities	The book values and approximate fair values of investment securities at June 30, 2024 and December 31, 2023 are summarized as follows: ($ in thousands) June 30, 2024 December 31, 2023 Amortized Fair Unrealized Amortized Fair Unrealized Gains (Losses) Gains (Losses) Securities available for sale: U.S. Treasuries $ — $ — $ — $ — $ 174,785 $ 172,570 $ — $ (2,215) Government-sponsored enterprise securities 71,967 60,127 — (11,840) 71,964 60,266 — (11,698) Mortgage-backed securities 2,186,655 1,789,243 12 (397,424) 2,323,674 1,937,784 30 (385,920) Corporate bonds 18,677 17,841 — (836) 19,676 18,759 — (917) Total available for sale $ 2,277,299 $ 1,867,211 $ 12 $ (410,100) $ 2,590,099 $ 2,189,379 $ 30 $ (400,750) Securities held to maturity: Mortgage-backed securities $ 10,645 $ 10,008 $ — $ (637) $ 12,085 $ 11,447 $ — $ (638) State and local governments 512,955 421,434 — (91,521) 521,593 438,176 39 (83,456) Total held to maturity $ 523,600 $ 431,442 $ — $ (92,158) $ 533,678 $ 449,623 $ 39 $ (84,094)
Schedule of Information Regarding Securities with Unrealized Losses	The following table presents information regarding all securities with unrealized losses at June 30, 2024: Securities in an Unrealized Securities in an Unrealized Total ($ in thousands) Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized U.S. Treasuries $ — $ — $ — $ — $ — $ — Government-sponsored enterprise securities — — 60,127 11,840 60,127 11,840 Mortgage-backed securities 190 1 1,796,740 398,060 1,796,930 398,061 Corporate bonds 375 51 15,716 785 16,091 836 State and local governments 5,157 85 415,914 91,436 421,071 91,521 Total unrealized loss position $ 5,722 $ 137 $ 2,288,497 $ 502,121 $ 2,294,219 $ 502,258 The following table presents information regarding all 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 U.S. Treasuries $ — $ — $ 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 unrealized loss position $ 1,117 $ 5 $ 2,628,150 $ 484,839 $ 2,629,267 $ 484,844
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 June 30, 2024, 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 Due within one year $ 2,501 $ 2,485 $ — $ — Due after one year but within five years 10,000 8,604 5,409 5,155 Due after five years but within ten years 78,143 66,879 154,619 128,571 Due after ten years — — 352,927 287,708 Mortgage-backed securities 2,186,655 1,789,243 10,645 10,008 Total securities $ 2,277,299 $ 1,867,211 $ 523,600 $ 431,442

Loans, Allowance for Credit L_2

Loans, Allowance for Credit Losses, and Asset Quality Information (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Summary of Major Categories of Total Loans Outstanding	The following is a summary of the major categories of total loans outstanding: ($ in thousands) June 30, 2024 December 31, 2023 Amount Percentage Amount Percentage Commercial and industrial $ 863,366 11 % $ 905,862 11 % Construction, development & other land loans 764,418 9 % 992,980 12 % Commercial real estate - owner occupied 1,250,267 16 % 1,259,022 16 % Commercial real estate - non owner occupied 2,561,803 32 % 2,528,060 31 % Multi-family real estate 497,187 6 % 421,376 5 % Residential 1-4 family real estate 1,729,050 21 % 1,639,469 20 % Home equity loans/lines of credit 326,411 4 % 335,068 4 % Consumer loans 76,638 1 % 68,443 1 % Subtotal 8,069,140 100 % 8,150,280 100 % Unamortized net deferred loan costs/(fees) 708 (178) Total loans $ 8,069,848 $ 8,150,102 Also included in the table above are various SBA loans, generally originated under the SBA 7A program, with additional information on these loans presented in the table below. ($ in thousands) June 30, 2024 December 31, 2023 Guaranteed portions of SBA loans included in table above $ 41,033 $ 35,462 Unguaranteed portions of SBA loans included in table above 105,032 107,784 Total SBA loans included in the table above $ 146,065 $ 143,246 Sold portions of SBA loans with servicing retained - not included in tables above $ 338,648 $ 349,275
Schedule of Nonperforming Assets and Nonaccrual Loans	The following table summarizes the NPAs for each date presented. ($ in thousands) June 30, December 31, Nonaccrual loans $ 33,102 $ 32,208 Modifications to borrowers in financial distress 10,495 11,719 Accruing loans > 90 days past due — — Total nonperforming loans 43,597 43,927 Foreclosed real estate 1,150 862 Total nonperforming assets $ 44,747 $ 44,789 The following table is a summary of the Company’s nonaccrual loans by major categories as of June 30, 2024: ($ in thousands) Nonaccrual Loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Commercial and industrial $ 544 $ 11,411 $ 11,955 Construction, development & other land loans — 30 30 Commercial real estate - owner occupied 879 8,240 9,119 Commercial real estate - non owner occupied 540 5,299 5,839 Residential 1-4 family real estate — 4,192 4,192 Home equity loans/lines of credit — 1,707 1,707 Consumer loans — 260 260 Total $ 1,963 $ 31,139 $ 33,102 The following table is a summary of the Company’s nonaccrual loans by major categories as of 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
Summary of Accrued Interest Receivables Written Off	The following table represents the accrued interest receivables written off by reversing interest income during each period indicated: ($ in thousands) Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 Commercial and industrial $ 226 $ 162 Construction, development & other land loans — 2 Commercial real estate - owner occupied 168 64 Commercial real estate - non owner occupied 55 7 Residential 1-4 family real estate 34 20 Home equity loans/lines of credit 16 16 Consumer loans — 1 Total $ 499 $ 272
Schedule of Analysis of Payment Status	The following table presents an analysis of the payment status of the Company’s loans as of June 30, 2024: ($ in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Commercial and industrial $ 848,838 $ 1,615 $ 958 $ 11,955 $ 863,366 Construction, development & other land loans 763,878 493 17 30 764,418 Commercial real estate - owner occupied 1,239,688 955 505 9,119 1,250,267 Commercial real estate - non owner occupied 2,555,460 504 — 5,839 2,561,803 Multi-family real estate 497,187 — — — 497,187 Residential 1-4 family real estate 1,721,038 683 3,137 4,192 1,729,050 Home equity loans/lines of credit 323,222 1,362 120 1,707 326,411 Consumer loans 75,822 278 278 260 76,638 Total $ 8,025,133 $ 5,890 $ 5,015 $ 33,102 8,069,140 Unamortized net deferred loan costs/(fees) 708 Total loans $ 8,069,848 The following table presents an analysis of the payment status of the Company’s loans as of December 31, 2023: ($ in thousands) Accruing Accruing Accruing Nonaccrual Total Loans Commercial and industrial $ 892,003 $ 3,726 $ 257 $ 9,876 $ 905,862 Construction, development & other land loans 992,084 241 256 399 992,980 Commercial real estate - owner occupied 1,250,670 906 404 7,042 1,259,022 Commercial real estate - non owner occupied 2,520,496 361 — 7,203 2,528,060 Multi-family real estate 421,376 — — — 421,376 Residential 1-4 family real estate 1,612,357 18,868 3,401 4,843 1,639,469 Home equity loans/lines of credit 331,413 603 349 2,703 335,068 Consumer loans 67,900 270 131 142 68,443 Total $ 8,088,299 $ 24,975 $ 4,798 $ 32,208 8,150,280 Unamortized net deferred loan costs/(fees) (178) Total loans $ 8,150,102
Analysis of Collateral-Dependent Loans	The following table presents an analysis of collateral dependent loans of the Company as of June 30, 2024: ($ in thousands) Residential Property Business Assets Commercial Property Total Collateral-Dependent Loans Commercial and industrial $ — $ 597 $ — $ 597 Construction, development & other land loans — 263 2,541 2,804 Commercial real estate - owner occupied — — 5,478 5,478 Commercial real estate - non owner occupied — — 14,090 14,090 Total $ — $ 860 $ 22,109 $ 22,969 The following table presents an analysis of collateral dependent loans of the Company as of December 31, 2023: ($ in thousands) Residential Property Business Assets 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
Schedule of Allowance for Loan Losses	The following tables presents the activity in the ACL on loans for each of the periods indicated. 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 current expected credit loss ("CECL") model, and as occurred in 2023, adjustments for acquired loan portfolios. The change to the level of ACL during the six months ended June 30, 2024 was determined based primarily on updated economic forecasts, which are a key assumption in the CECL model and which indicated improvement in certain economic forecasts along with reductions in loan balances during the period, partially offset by a continued reduction of the commercial real estate pricing index, thus resulting in little change to the ACL for the quarter or year to date. ($ in thousands) Beginning balance Charge-offs Recoveries Provisions / (Reversals) Ending balance As of and for the three months ended June 30, 2024 Commercial and industrial $ 20,294 $ (2,478) $ 857 $ 1,164 $ 19,837 Construction, development & other land loans 11,783 — 50 (1,837) 9,996 Commercial real estate - owner occupied 18,163 (30) 4 (278) 17,859 Commercial real estate - non owner occupied 26,252 — 41 (417) 25,876 Multi-family real estate 4,422 — — 707 5,129 Residential 1-4 family real estate 22,704 (6) 106 2,051 24,855 Home equity loans/lines of credit 3,336 (2) 17 (174) 3,177 Consumer loans 3,113 (141) 123 234 3,329 Total $ 110,067 $ (2,657) $ 1,198 $ 1,450 $ 110,058 As of and for the six months ended June 30, 2024 Commercial and industrial $ 21,227 $ (4,063) $ 1,100 $ 1,573 $ 19,837 Construction, development & other land loans 13,940 (79) 147 (4,012) 9,996 Commercial real estate - owner occupied 18,218 (88) 8 (279) 17,859 Commercial real estate - non owner occupied 24,916 (158) 43 1,075 25,876 Multi-family real estate 3,825 — — 1,304 5,129 Residential 1-4 family real estate 21,396 (6) 227 3,238 24,855 Home equity loans/lines of credit 3,339 (2) 22 (182) 3,177 Consumer loans 2,992 (376) 180 533 3,329 Total $ 109,853 $ (4,772) $ 1,727 $ 3,250 $ 110,058 ($ in thousands) Beginning balance Initial ACL for acquired PCD loans Charge-offs Recoveries Provisions / (Reversals) Ending balance As of and for the three months ended June 30, 2023 Commercial and industrial $ 23,073 $ — $ (1,534) $ 492 $ 1,411 $ 23,442 Construction, development & other land loans 18,986 — — 158 (667) 18,477 Commercial real estate - owner occupied 16,082 — — 34 265 16,381 Commercial real estate - non owner occupied 25,990 — — 38 246 26,274 Multi-family real estate 3,204 — — 3 739 3,946 Residential 1-4 family real estate 12,285 — — 79 1,941 14,305 Home equity loans/lines of credit 3,481 — — 40 196 3,717 Consumer loans 3,295 — (217) 41 (431) 2,688 Total $ 106,396 $ — $ (1,751) $ 885 $ 3,700 $ 109,230 As of and for the six months ended June 30, 2023 Commercial and industrial $ 17,718 $ 5,197 $ (3,711) $ 766 $ 3,472 $ 23,442 Construction, development & other land loans 15,128 49 — 223 3,077 18,477 Commercial real estate - owner occupied 14,972 191 — 70 1,148 16,381 Commercial real estate - non owner occupied 22,780 51 (235) 432 3,246 26,274 Multi-family real estate 2,957 — — 7 982 3,946 Residential 1-4 family real estate 11,354 113 — 225 2,613 14,305 Home equity loans/lines of credit 3,158 8 (2) 74 479 3,717 Consumer loans 2,900 1 (424) 77 134 2,688 Total $ 90,967 $ 5,610 $ (4,372) $ 1,874 $ 15,151 $ 109,230 The following table presents the balance and activity in the allowance for unfunded loan commitments for the six months ended June 30, 2024 and 2023: ($ in thousands) June 30, 2024 June 30, 2023 Beginning balance $ 11,369 $ 13,306 Initial provision for credit losses on unfunded commitments acquired from GrandSouth — 1,921 Charge-offs — — Recoveries — — Reversal of provision for unfunded commitments (1,509) (2,209) Ending balance $ 9,860 $ 13,018
Schedule of Recorded Investment in Loans by Credit Quality Indicators	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. 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. Term Loans by Year of Origination ($ in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total As of June 30, 2024 Commercial and industrial Pass $ 57,552 $ 104,107 $ 141,628 $ 96,224 $ 67,280 $ 83,501 $ 296,600 $ 846,892 Special Mention 761 540 157 120 161 872 567 3,178 Classified 148 2,537 3,006 161 618 5,754 1,072 13,296 Total commercial and industrial 58,461 107,184 144,791 96,505 68,059 90,127 298,239 863,366 Gross charge-offs, YTD 71 100 574 196 121 752 2,249 4,063 Construction, development & other land loans Pass 189,201 296,299 144,485 34,260 15,371 12,479 66,649 758,744 Special Mention 53 635 853 2,552 — 266 14 4,373 Classified 830 391 — — 67 13 — 1,301 Total construction, development & other land loans 190,084 297,325 145,338 36,812 15,438 12,758 66,663 764,418 Gross charge-offs, YTD — 79 — — — — — 79 Commercial real estate - owner occupied Pass 80,629 230,673 301,138 274,787 165,067 143,931 17,912 1,214,137 Special Mention 8,087 2,654 4,421 237 763 7,509 — 23,671 Classified 2,808 343 1,491 458 1,256 6,053 50 12,459 Total commercial real estate - owner occupied 91,524 233,670 307,050 275,482 167,086 157,493 17,962 1,250,267 Gross charge-offs, YTD — 25 — — — 63 — 88 Commercial real estate - non owner occupied Pass 225,801 431,974 729,144 673,742 274,613 168,641 30,416 2,534,331 Special Mention 13,216 274 199 16 380 6,956 452 21,493 Classified 254 400 30 12 4,233 1,050 — 5,979 Total commercial real estate - non owner occupied 239,271 432,648 729,373 673,770 279,226 176,647 30,868 2,561,803 Gross charge-offs, YTD — — — — — 158 — 158 Multi-family real estate Pass 50,567 42,386 153,659 162,652 42,740 17,184 27,336 496,524 Special Mention 663 — — — — — — 663 Classified — — — — — — — — Total multi-family real estate 51,230 42,386 153,659 162,652 42,740 17,184 27,336 497,187 Gross charge-offs, YTD — — — — — — — — Residential 1-4 family real estate Pass 151,928 324,467 423,658 308,329 178,922 328,995 3,053 1,719,352 Special Mention 209 — 12 147 63 937 — 1,368 Classified 1,240 250 44 219 1,212 5,365 — 8,330 Total residential 1-4 family real estate 153,377 324,717 423,714 308,695 180,197 335,297 3,053 1,729,050 Gross charge-offs, YTD — — — — — 6 — 6 Home equity loans/lines of credit Pass 1,422 2,739 702 393 211 982 313,065 319,514 Special Mention 122 157 — — — — 16 295 Classified 106 44 — 141 90 9 6,212 6,602 Total home equity loans/lines of credit 1,650 2,940 702 534 301 991 319,293 326,411 Gross charge-offs, YTD — — — — — — 2 2 Consumer loans Pass 9,250 12,989 9,724 3,378 1,551 510 38,798 76,200 Special Mention — — — — — — 31 31 Classified — 4 35 55 — 29 284 407 Total consumer loans 9,250 12,993 9,759 3,433 1,551 539 39,113 76,638 Gross charge-offs, YTD — 17 20 4 — — 335 376 Total loans $ 794,847 $ 1,453,863 $ 1,914,386 $ 1,557,883 $ 754,598 $ 791,036 $ 802,527 8,069,140 Unamortized net deferred loan costs/(fees) 708 Total loans, net of deferred loan costs/(fees) $ 8,069,848 Total gross charge-offs, year to date $ 71 $ 221 $ 594 $ 200 $ 121 $ 979 $ 2,586 $ 4,772 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 costs/(fees) (178) Total loans, net of deferred loan costs/(fees) $ 8,150,102 Total gross charge-offs, year to date $ 205 $ 1,115 $ 1,070 $ 560 $ 821 $ 1,764 $ 4,640 $ 10,175
Schedule of Information Related to Loans Modified in a Troubled Debt Restructuring	The followings tables present the amortized cost basis at June 30, 2024 and June 30, 2023 of the loans modified during the three and six months then ended for borrowers experiencing financial difficulty, by loan category and type of concession granted. ($ in thousands) Payment Delay Term Extension Combination - Term Extension and Payment Delay Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans As of and for the three months ended June 30, 2024 Commercial and industrial $ — $ 1 $ — $ 96 $ 97 0.01 % Residential 1-4 family real estate — 203 — — 203 0.01 % Home equity loans/lines of credit — 290 — — 290 0.09 % Total $ — $ 494 $ — $ 96 $ 590 0.01 % As of and for the six months ended June 30, 2024 Commercial and industrial $ 114 $ 1 $ 878 $ 96 $ 1,089 0.13 % Commercial real estate - non owner occupied — 111 — — 111 — % Residential 1-4 family real estate — 203 — — 203 0.01 % Home equity loans/lines of credit — 323 — 176 499 0.15 % Total $ 114 $ 638 $ 878 $ 272 $ 1,902 0.02 % ($ in thousands) Payment Delay Term Extension Combination - Interest Rate Reduction and Term Extension Total Percent of Total Class of Loans As of and for the three months ended June 30, 2023 Commercial and industrial $ 1,363 $ 30 $ — $ 1,393 0.16 % Commercial real estate - owner occupied 188 287 — 475 0.04 % Residential 1-4 family real estate — 469 — 469 0.03 % Home equity loans/lines of credit — 1,317 — 1,317 0.39 % Total $ 1,551 $ 2,103 $ — $ 3,654 0.05 % As of and for the six months ended June 30, 2023 Commercial and industrial $ 1,513 $ 105 $ — $ 1,618 0.18 % Construction, development & other land loans — 502 12 514 0.05 % Commercial real estate - owner occupied 188 287 — 475 0.04 % Commercial real estate - non owner occupied — 96 — 96 — % Residential 1-4 family real estate — 515 — 515 0.04 % Home equity loans/lines of credit — 1,416 — 1,416 0.42 % Consumer loans — 228 — 228 0.34 % Total $ 1,701 $ 3,149 $ 12 $ 4,862 0.06 % For the three and six months ended June 30, 2024 and June 30, 2023, there were no modifications for borrowers experiencing financial difficulty with principal forgiveness concessions. The following table describes the financial effect for the three and six months ended June 30, 2024 of the modifications made for borrowers experiencing financial difficulty: Financial Effect of Modification to Borrowers Experiencing Financial Difficulty Weighted Average Interest Rate Reduction Weighted Average Payment Delay Weighted Average Term Extension For the three months ended June 30, 2024 Commercial and industrial 0.75% 0 27 Residential 1-4 family real estate —% 0 103 Home equity loans/lines of credit —% 0 95 For the six months ended June 30, 2024 Commercial and industrial 0.75% 36 13 Commercial real estate - non owner occupied —% 0 13 Residential 1-4 family real estate —% 0 103 Home equity loans/lines of credit 2.10% 0 69 The following table describes the financial effect for the three and six months ended June 30, 2023 of the modifications made for borrowers experiencing financial difficulty: Financial Effect of Modification to Borrowers Experiencing Financial Difficulty Weighted Average Interest Rate Reduction Weighted Average Payment Delay Weighted Average Term Extension For the three months ended June 30, 2023 Commercial and industrial —% 2 25 Commercial real estate - owner occupied —% 12 49 Residential 1-4 family real estate —% 0 25 Home equity loans/lines of credit —% 0 42 For the six months ended June 30, 2023 Commercial and industrial —% 2 13 Construction, development & other land loans 1.50% 0 7 Commercial real estate - owner occupied —% 12 49 Commercial real estate - non owner occupied —% 0 15 Residential 1-4 family real estate —% 0 24 Home equity loans/lines of credit —% 0 40 Consumer loans —% 0 6 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 depicts the performance of loans that were modified in the last twelve months as of June 30, 2024: Payment Status (Amortized Cost Basis) ($ in thousands) Current 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Commercial and industrial $ 1,258 $ — $ — $ — Construction, development & other land loans 111 — 17 — Commercial real estate - owner occupied 3,888 — — — Commercial real estate - non owner occupied 111 — — — Residential 1-4 family real estate 203 — 75 — Home equity loans/lines of credit 1,691 — — — $ 7,262 $ — $ 92 $ — The following table depicts the performance of loans that were modified in the last twelve months as of December 31, 2023: Payment Status (Amortized Cost Basis) ($ in thousands) 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 — — — $ 11,640 $ 79 $ — $ —

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	June 30, 2024 December 31, 2023 ($ in thousands) Gross Carrying Accumulated Net Amount Gross Carrying Accumulated Net Amount Amortizable intangible assets: Customer lists $ 1,600 $ 1,227 $ 373 $ 2,700 $ 2,167 $ 533 Core deposit intangibles 57,890 32,187 25,703 57,890 28,933 28,957 Other intangibles 100 96 4 100 83 17 Total amortizable intangible assets $ 59,590 $ 33,510 $ 26,080 $ 60,690 $ 31,183 $ 29,507 Unamortizable intangible assets: Goodwill $ 478,750 $ 478,750
Schedule of the Estimated Amortization Expense	The following table presents the estimated amortization expense schedule related to acquisition-related amortizable intangible 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 amortizable intangible assets. ($ in thousands) Estimated Amortization July 1, 2024 to December 31, 2024 $ 3,176 2025 5,672 2026 4,704 2027 3,951 2028 3,197 Thereafter 5,380 Total $ 26,080
SBA Servicing Assets	The following table presents the changes in the SBA servicing assets (included in "Other assets" in the Company's consolidated balance sheet) for the three and six months ended June 30, 2024 and 2023: Three months ended June 30, Six months ended June 30, ($ in thousands) 2024 2023 2024 2023 Beginning balance, net $ 3,137 $ 3,897 $ 3,350 $ 4,004 Add: New servicing assets 319 195 543 271 Less: Amortization expense and impairment charges 453 311 890 494 Ending balance, net $ 3,003 $ 3,781 $ 3,003 $ 3,781

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following tables present information regarding the Company’s outstanding borrowings at June 30, 2024 and December 31, 2023 (dollars in thousands): Description Due date Call Feature Balance at June 30, 2024 Interest Rate FHLB Principal Reducing Credit 6/26/2028 to 12/20/2028 None $ 826 0.00% to 1.00% fixed Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.24% at 6/30/24 adjustable rate 3 month CME Term SOFR+ 2.91% Trust Preferred Securities 1/23/2034 Quarterly by Company 10,310 8.34% at 6/30/24 adjustable rate 3 month CME Term SOFR + 3.01% Trust Preferred Securities 9/20/2034 Quarterly by Company 12,372 7.76% at 6/30/24 adjustable rate 3 month CME Term SOFR + 2.41% Trust Preferred Securities 1/7/2035 Quarterly by Company 10,310 7.59% at 6/30/24 adjustable rate 3 month CME Term SOFR + 2.00% Trust Preferred Securities 6/15/2036 Quarterly by Company 25,774 6.99% at 6/30/24 adjustable rate 3 month CME Term SOFR + 1.65% Trust Preferred Securities 6/23/2036 Quarterly by the Company beginning 6/23/2011 8,248 7.46% at 6/30/24 adjustable rate 3 month CME Term SOFR + 2.11% Subordinated Debentures 11/15/2030 Continuous by Company beginning 11/15/2025 18,000 4.38% fixed Total borrowings / weighted average rate as of June 30, 2024 96,150 6.93% Unamortized discount on acquired borrowings (4,637) Total borrowings $ 91,513 During the first and second quarters of 2024, the Company redeemed borrowings under the FRB Bank Term Funding Program totaling $18.0 million and $231.0 million, respectively. Also during the second quarter, the Company redeemed $10.0 million of subordinated debentures. Description Due date Call Feature Balance at December 31, 2023 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

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Lessee Disclosure [Abstract]
Schedule of Estimated Lease Payments	Future undiscounted lease payments for operating leases with initial terms of greater than one year as of June 30, 2024 are as follows: ($ in thousands) July 1, 2024 to December 31, 2024 $ 1,139 2025 1,800 2026 1,517 2027 1,236 2028 1,145 Thereafter 16,120 Total undiscounted lease payments 22,957 Less effect of discounting (7,614) Present value of estimated lease payments (lease liability) $ 15,343

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024: ($ in thousands) Description of Financial Instruments Fair Value at June 30, 2024 Quoted Prices in Active Markets for Identical Assets Significant Other Significant Recurring Securities available for sale: Government-sponsored enterprise securities $ 60,127 $ — $ 60,127 $ — Mortgage-backed securities 1,789,243 — 1,789,243 — Corporate bonds 17,841 — 17,841 — Total available for sale securities $ 1,867,211 $ — $ 1,867,211 $ — Derivative financial assets $ 69 $ — $ 69 $ — Presold mortgages in process of settlement $ 7,247 $ — $ 7,247 $ — Derivative financial liabilities $ 70 $ — $ 70 $ — Nonrecurring Individually evaluated loans $ 4,561 $ — $ — $ 4,561 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: ($ in thousands) Description of Financial Instruments Fair Value at December 31, 2023 Quoted Prices in Active Markets for Identical Assets Significant Other Significant 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
Schedule of Significant Unobservable Inputs	For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of June 30, 2024, the significant unobservable inputs used in the fair value measurements were as presented in the tables below: ($ in thousands) Fair Value at June 30, 2024 Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 4,561 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, 2023, the significant unobservable inputs used in the fair value measurements were as follows: ($ in thousands) Fair Value at December 31, 2023 Valuation Significant Unobservable Range (Weighted Average) Individually evaluated loans - collateral-dependent $ 1,953 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 at June 30, 2024 and December 31, 2023 were as follows: June 30, 2024 December 31, 2023 ($ in thousands) Level in Fair Carrying Estimated Carrying Estimated Cash and due from banks, noninterest-bearing Level 1 $ 90,468 $ 90,468 $ 100,891 $ 100,891 Due from banks, interest-bearing Level 1 517,944 517,944 136,964 136,964 Securities held to maturity Level 2 523,600 431,442 533,678 449,623 Total loans, net of allowance Level 3 7,959,790 7,250,188 8,040,249 7,379,079 Accrued interest receivable Level 1 35,605 35,605 37,351 37,351 Bank-owned life insurance Level 1 186,031 186,031 183,897 183,897 SBA Servicing Asset Level 3 3,002 3,923 3,351 4,049 Demand deposits, money market and savings Level 1 9,453,321 9,453,321 9,052,905 9,052,905 Time deposits Level 2 1,034,508 1,028,372 978,694 972,513 Borrowings Level 2 91,513 79,815 630,158 615,614 Accrued interest payable Level 1 5,728 5,728 5,699 5,699

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Outstanding Restricted Stock	The following table presents information regarding the activity for the first six months of 2024 related to the Company’s outstanding restricted stock awards: Long-Term Restricted Stock Awards Number of Units Weighted-Average Nonvested at January 1, 2024 291,291 $ 38.01 Granted during the period 20,244 34.10 Vested during the period (10,614) 41.62 Forfeited or expired during the period — — Nonvested at June 30, 2024 300,921 $ 37.31

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
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 numerators and denominators used in computing Basic and Diluted Earnings Per Common Share ("EPS"): For the Three Months Ended June 30, 2024 2023 ($ in thousands except per share amounts) Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 28,712 $ 29,403 Less: income allocated to restricted stock (205) (201) Basic EPS per common share $ 28,507 40,879,684 $ 0.70 $ 29,202 40,721,840 $ 0.72 Diluted EPS: Net income $ 28,712 40,879,684 $ 29,403 40,721,840 Effect of dilutive securities — 382,407 — 407,260 Diluted EPS per common share $ 28,712 41,262,091 $ 0.70 $ 29,403 41,129,100 $ 0.71 For the Six Months Ended June 30, 2024 2023 ($ in thousands except per share amounts) Income Shares Per Share Income Shares Per Share Basic EPS: Net income $ 53,984 $ 44,564 Less: income allocated to restricted stock (384) (299) Basic EPS per common share $ 53,600 40,861,775 $ 1.31 $ 44,265 40,665,172 $ 1.09 Diluted EPS: Net income $ 53,984 40,861,775 $ 44,564 40,665,172 Effect of dilutive securities — 394,306 — 458,697 Diluted EPS per common share $ 53,984 41,256,081 $ 1.31 $ 44,564 41,123,869 $ 1.08

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) ("AOCI") for the Company for the periods shows were as follows: ($ in thousands) June 30, 2024 December 31, 2023 Unrealized loss on securities available for sale $ (410,088) $ (400,720) Deferred tax asset 94,935 92,767 Net unrealized loss on securities available for sale (315,153) (307,953) Postretirement plans liability (50) (100) Deferred tax asset 12 23 Net postretirement plans liability (38) (77) Total accumulated other comprehensive loss $ (315,191) $ (308,030) The following tables disclose the changes in AOCI for the three and six months ended June 30, 2024 and 2023 (all amounts are net of tax): For the Three Months Ended June 30, 2024 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (321,915) $ (58) $ (321,973) Other comprehensive income before reclassifications 6,619 — 6,619 Amounts reclassified from accumulated other comprehensive income 143 20 163 Net current period other comprehensive income 6,762 20 6,782 Ending balance $ (315,153) $ (38) $ (315,191) For the Three Months Ended June 30, 2023 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (314,109) $ 75 $ (314,034) Other comprehensive loss before reclassifications (24,142) — (24,142) Amounts reclassified from accumulated other comprehensive income — 34 34 Net current period other comprehensive (loss) income (24,142) 34 (24,108) Ending balance $ (338,251) $ 109 $ (338,142) For the Six Months Ended June 30, 2024 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (307,953) $ (77) $ (308,030) Other comprehensive loss before reclassifications (8,092) — (8,092) Amounts reclassified from accumulated other comprehensive income 892 39 931 Net current-period other comprehensive (loss) income (7,200) 39 (7,161) Ending balance $ (315,153) $ (38) $ (315,191) For the Six Months Ended June 30, 2023 ($ in thousands) Unrealized Loss on Postretirement Plans Asset Total Beginning balance $ (342,017) $ 42 $ (341,975) Other comprehensive income before reclassifications 3,766 — 3,766 Amounts reclassified from accumulated other comprehensive income — 67 67 Net current-period other comprehensive income 3,766 67 3,833 Ending balance $ (338,251) $ 109 $ (338,142)

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Noninterest Income	The following table presents the Company’s sources of noninterest income for the three and six months ended June 30, 2024 and 2023. Items outside the scope of ASC 606 are noted as such. For the Three Months Ended For the Six Months Ended ($ in thousands) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Noninterest Income in-scope of ASC 606: Service charges on deposit accounts $ 4,139 $ 4,114 $ 8,007 $ 8,008 Other service charges and fees: Bankcard interchange income, net 2,359 2,368 4,673 4,950 Other service charges and fees 1,650 3,255 3,498 6,572 Commissions from sales of financial products 1,377 1,413 2,697 2,719 Portion of other income in-scope of ASC 606 55 409 312 930 Noninterest income (in-scope of ASC 606) 9,580 11,559 19,187 23,179 Noninterest income (out-of-scope of ASC 606) 5,068 2,676 8,399 4,592 Total noninterest income $ 14,648 $ 14,235 $ 27,586 $ 27,771

Organization and Basis of Pre_3

Organization and Basis of Presentation (Details)	Jun. 30, 2024 subsidiary
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of subsidiaries	3

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 01, 2023 USD ($) option branchOffice $ / shares shares	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Price per share, at acquisition date | $ / shares	$ 42.84
Goodwill		$ 478,750		$ 478,750		$ 478,750
Financing receivable, excluding accrued interest, credit loss expense (reversal)		$ 1,450	$ 3,700	3,250	$ 15,151
Unfunded Loan Commitment
Business Acquisition [Line Items]
Financing receivable, excluding accrued interest, credit loss expense (reversal)				$ (1,509)	(2,209)
Core deposit intangibles
Business Acquisition [Line Items]
Useful life		10 years		10 years
GrandSouth
Business Acquisition [Line Items]
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
Less: Total consideration	$ 229,489
Number of locations | branchOffice	8
Goodwill	$ 114,487
Fair value mark	29,500
Initial allowance recorded for PCD loans	$ 5,610
GrandSouth | Unfunded Loan Commitment
Business Acquisition [Line Items]
Financing receivable, excluding accrued interest, credit loss expense (reversal)				$ 0	$ 1,921
GrandSouth | Core deposit intangibles
Business Acquisition [Line Items]
Useful life	10 years
Weighted average useful life	41 months

Acquisitions - Schedule of Asse

Acquisitions - Schedule of Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Jun. 30, 2024	Dec. 31, 2023
Liabilities assumed:
Goodwill		$ 478,750	$ 478,750
GrandSouth
Assets acquired:
Cash and cash equivalents	$ 22,610
Securities available for sale	112,363
Loans, gross	996,833
Allowance for loan losses	5,610
Premises and equipment	20,268
Core deposit intangible	28,840
Operating right-of-use lease 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	$ 114,487

Acquisitions - Acquired Loans (

Acquisitions - Acquired Loans (Details) - GrandSouth $ 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
Accounts, Notes, Loans and Financing Receivable [Line Items]
Fair Value	845,716
Gross contractual amounts receivable	865,132
Estimate of contractual cash flows not expected to be collected	$ 22,542

Securities (Summary of Book Val

Securities (Summary of Book Values and Fair Values of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value
Amortized Cost	$ 2,277,299	$ 2,590,099
Fair Value	1,867,211	2,189,379
Unrealized gains	12	30
Unrealized (losses)	(410,100)	(400,750)
Securities held to maturity:
Amortized Cost	523,600	533,678
Fair Value	431,442	449,623
Unrealized gains	0	39
Unrealized (losses)	(92,158)	(84,094)
U.S. Treasuries
Fair Value
Amortized Cost	0	174,785
Fair Value	0	172,570
Unrealized gains	0	0
Unrealized (losses)	0	(2,215)
Government-sponsored enterprise securities
Fair Value
Amortized Cost	71,967	71,964
Fair Value	60,127	60,266
Unrealized gains	0	0
Unrealized (losses)	(11,840)	(11,698)
Mortgage-backed securities
Fair Value
Amortized Cost	2,186,655	2,323,674
Fair Value	1,789,243	1,937,784
Unrealized gains	12	30
Unrealized (losses)	(397,424)	(385,920)
Securities held to maturity:
Amortized Cost	10,645	12,085
Fair Value	10,008	11,447
Unrealized gains	0	0
Unrealized (losses)	(637)	(638)
Corporate bonds
Fair Value
Amortized Cost	18,677	19,676
Fair Value	17,841	18,759
Unrealized gains	0	0
Unrealized (losses)	(836)	(917)
State and local governments
Securities held to maturity:
Amortized Cost	512,955	521,593
Fair Value	421,434	438,176
Unrealized gains	0	39
Unrealized (losses)	$ (91,521)	$ (83,456)

Securities (Narrative) (Details

Securities (Narrative) (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) security	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) security
Debt and Equity Securities, FV-NI [Line Items]
Private mortgage-backed security fair value	$ 700,000		$ 700,000
Debt securities, available-for-sale and held-to-maturity, number of positions | security	621		621		657
Number of securities held in an unrealized loss position | security	600		600		632
Investment securities, pledged as collateral for public deposits	$ 874,100,000		$ 874,100,000		$ 971,300,000
Gain on sale of VISA B shares			4,500,000
Proceeds from sales of securities available for sale	138,200,000		138,182,000	$ 111,862,000
Securities losses, net	(4,700,000)		(4,700,000)
Proceeds from maturities, calls and principal repayments of securities available for sale		$ 5,200,000	167,698,000	$ 96,686,000
Losses on calls of securities, net		$ (975,000)
FHLB stock and FRB stock, cost	41,400,000		41,400,000		54,500,000
FHLB, cost	8,500,000		8,500,000		21,700,000
FRB stock	32,900,000		32,900,000		32,800,000
Collateral For FRB Borrowings
Debt and Equity Securities, FV-NI [Line Items]
Investment securities, pledged as collateral for public deposits	627,000,000		$ 627,000,000		$ 679,000,000
Common Class B
Debt and Equity Securities, FV-NI [Line Items]
Gain on sale of VISA B shares	$ 4,500,000

Securities - Schedule of Inform

Securities - Schedule of Information Regarding Securities with Unrealized Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Securities in an Unrealized Loss Position for Less than 12 Months
Fair value, AFS and HTM	$ 5,722	$ 1,117
Unrealized losses, AFS and HTM	137	5
Securities in an Unrealized Loss Position for More than 12 Months
Fair value, AFS and HTM	2,288,497	2,628,150
Unrealized losses, AFS and HTM	502,121	484,839
Total
Fair value, AFS and HTM	2,294,219	2,629,267
Unrealized losses, AFS and HTM	502,258	484,844
U.S. Treasuries
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	0	172,570
Unrealized losses, AFS	0	2,215
Total
Fair Value, AFS	0	172,570
Unrealized losses, AFS	0	2,215
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	60,127	60,266
Unrealized losses, AFS	11,840	11,698
Total
Fair Value, AFS	60,127	60,266
Unrealized losses, AFS	11,840	11,698
Mortgage-backed securities
Securities in an Unrealized Loss Position for Less than 12 Months
Fair value, AFS and HTM	190	1,117
Unrealized losses, AFS and HTM	1	5
Securities in an Unrealized Loss Position for More than 12 Months
Fair value, AFS and HTM	1,796,740	1,945,830
Unrealized losses, AFS and HTM	398,060	386,553
Total
Fair value, AFS and HTM	1,796,930	1,946,947
Unrealized losses, AFS and HTM	398,061	386,558
Corporate bonds
Securities in an Unrealized Loss Position for Less than 12 Months
Fair value, AFS	375	0
Unrealized losses, AFS	51	0
Securities in an Unrealized Loss Position for More than 12 Months
Fair value, AFS	15,716	17,008
Unrealized losses, AFS	785	917
Total
Fair Value, AFS	16,091	17,008
Unrealized losses, AFS	836	917
State and local governments
Securities in an Unrealized Loss Position for Less than 12 Months
Fair value, HTM	5,157	0
Unrealized losses, HTM	85	0
Securities in an Unrealized Loss Position for More than 12 Months
Fair value, HTM	415,914	432,476
Unrealized losses, HTM	91,436	83,456
Total
Fair value, HTM	421,071	432,476
Unrealized losses, HTM	$ 91,521	$ 83,456

Securities - Schedule of Book V

Securities - Schedule of Book Values and Fair Values of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost
Due within one year	$ 2,501
Due after one year but within five years	10,000
Due after five years but within ten years	78,143
Due after ten years	0
Mortgage-backed securities	2,186,655
Amortized Cost	2,277,299	$ 2,590,099
Fair Value
Due within one year	2,485
Due after one year but within five years	8,604
Due after five years but within ten years	66,879
Due after ten years	0
Mortgage-backed securities	1,789,243
Total securities	1,867,211	2,189,379
Amortized Cost
Due within one year	0
Due after one year but within five years	5,409
Due after five years but within ten years	154,619
Due after ten years	352,927
Mortgage-backed securities	10,645
Amortized Cost	523,600	533,678
Fair Value
Due within one year	0
Due after one year but within five years	5,155
Due after five years but within ten years	128,571
Due after ten years	287,708
Mortgage-backed securities	10,008
Total securities	$ 431,442	$ 449,623

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	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 8,069,140	$ 8,150,280
Unamortized net deferred loan costs/(fees)	708	(178)
Total loans	$ 8,069,848	$ 8,150,102
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	$ 146,065	$ 143,246
Guaranteed portions of SBA loans included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	41,033	35,462
Unguaranteed portions of SBA loans included in table above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	105,032	107,784
Sold portions of SBA loans with servicing retained - not included in tables above
Loans and Leases Receivable Disclosure [Line Items]
Total loans	338,648	349,275
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 863,366	$ 905,862
Commercial and industrial | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	11%	11%
Real estate, commercial | Construction, development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 764,418	$ 992,980
Real estate, commercial | Construction, development & other land loans | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	9%	12%
Real estate, commercial | Commercial real estate - owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 1,250,267	$ 1,259,022
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]
Total	$ 2,561,803	$ 2,528,060
Real estate, commercial | Commercial real estate - non owner occupied | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	32%	31%
Real estate, commercial | Multi-family real estate
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 497,187	$ 421,376
Real estate, commercial | Multi-family real estate | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	6%	5%
Real estate, mortgage | Residential 1-4 family real estate
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 1,729,050	$ 1,639,469
Real estate, mortgage | Residential 1-4 family real estate | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	21%	20%
Real estate, mortgage | Home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 326,411	$ 335,068
Real estate, mortgage | Home equity loans/lines of credit | Financing Receivable | Loan Category Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Percentage	4%	4%
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Total	$ 76,638	$ 68,443
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)	6 Months Ended
	Jun. 30, 2024 USD ($) loan	Jun. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Unamortized premium (discount) on acquired loans	$ (19,300,000)			$ (24,000,000)
Total loans, net of deferred loan costs/(fees)	$ 8,069,848,000			8,150,102,000
Number of loans to debtors with nonperforming loans | loan	1
Interest income on nonaccrual loans	$ 0	$ 0
Non accrual individually evaluated loan threshold	500,000
Collateral dependent individually evaluated loan threshold	500,000
Allowance for credit losses on loans	110,058,000	109,230,000	$ 110,067,000	109,853,000	$ 106,396,000	$ 90,967,000
Asset Pledged as Collateral
Loans and Leases Receivable Disclosure [Line Items]
Total loans, net of deferred loan costs/(fees)	6,600,000,000			6,500,000,000
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses on loans	3,329,000	2,688,000	3,113,000	2,992,000	3,295,000	2,900,000
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses on loans	$ 19,837,000	23,442,000	$ 20,294,000	21,227,000	$ 23,073,000	17,718,000
Real Estate | Receivable Benchmark | Collateral Type Concentration Risk
Loans and Leases Receivable Disclosure [Line Items]
Concentration risk percentage	88%
Officers and Directors
Loans and Leases Receivable Disclosure [Line Items]
Total loans, net of deferred loan costs/(fees)	$ 63,900,000			63,700,000
Number of new loans | loan	1
Financing receivable, excluding accrued interest, advances	$ 1,300,000
Repayments received from related parties	1,000,000
Officers and Directors | Unused lines of Credit
Loans and Leases Receivable Disclosure [Line Items]
Financing receivable, excluding accrued interest, available credit	1,300,000			2,700,000
Residential Mortgage Loans
Loans and Leases Receivable Disclosure [Line Items]
Presold mortgages in process of settlement	1,800,000			1,000,000
Unfunded Loan Commitment
Loans and Leases Receivable Disclosure [Line Items]
Allowance for credit losses on loans	9,860,000	$ 13,018,000		11,369,000		$ 13,306,000
SBA Loans
Loans and Leases Receivable Disclosure [Line Items]
Unamortized premium (discount) on acquired loans	$ (3,200,000)			$ (3,500,000)

Loans, Allowance for Credit L_5

Loans, Allowance for Credit Losses, and Asset Quality Information - Summary of Nonperforming Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	$ 33,102	$ 32,208
Total loans	8,069,848	8,150,102
Nonperforming Financial Instruments
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual loans	33,102	32,208
Modifications to borrowers in financial distress	10,495	11,719
Accruing loans > 90 days past due	0	0
Total loans	43,597	43,927
Foreclosed real estate	1,150	862
Total nonperforming assets	$ 44,747	$ 44,789

Loans, Allowance for Credit L_6

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	$ 1,963	$ 8,559
Nonaccrual Loans with an Allowance	31,139	23,649
Total Nonaccrual Loans	33,102	32,208
Nonperforming Financial Instruments
Loans and Leases Receivable Disclosure [Line Items]
Total Nonaccrual Loans	33,102	32,208
Commercial and industrial
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	544	944
Nonaccrual Loans with an Allowance	11,411	8,932
Total Nonaccrual Loans	11,955	9,876
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	30	399
Total Nonaccrual Loans	30	399
Real estate, commercial | Commercial real estate - owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	879	960
Nonaccrual Loans with an Allowance	8,240	6,082
Total Nonaccrual Loans	9,119	7,042
Real estate, commercial | Commercial real estate - non owner occupied
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	540	6,121
Nonaccrual Loans with an Allowance	5,299	1,082
Total Nonaccrual Loans	5,839	7,203
Real estate, mortgage | Residential 1-4 family real estate
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	0
Nonaccrual Loans with an Allowance	4,192	4,843
Total Nonaccrual Loans	4,192	4,843
Real estate, mortgage | Home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	534
Nonaccrual Loans with an Allowance	1,707	2,169
Total Nonaccrual Loans	1,707	2,703
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Nonaccrual Loans with No Allowance	0	0
Nonaccrual Loans with an Allowance	260	142
Total Nonaccrual Loans	$ 260	$ 142

Loans, Allowance for Credit L_7

Loans, Allowance for Credit Losses, and Asset Quality Information - Accrued Interest Receivable Written Off (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	$ 499	$ 272
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	226	162
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	0	2
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	168	64
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	55	7
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	34	20
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	16	16
Consumer loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Accrued interest receivable written off	$ 0	$ 1

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	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans	$ 8,069,848	$ 8,150,102
Nonaccrual loans	33,102	32,208
Unamortized net deferred loan costs/(fees)	708	(178)
Total	8,069,140	8,150,280
Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	5,890	24,975
Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	5,015	4,798
Current
Financing Receivable, Past Due [Line Items]
Loans	8,025,133	8,088,299
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	11,955	9,876
Total	863,366	905,862
Commercial and industrial | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,615	3,726
Commercial and industrial | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	958	257
Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Loans	848,838	892,003
Commercial and industrial | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	863,366	905,862
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	30	399
Total	764,418	992,980
Real estate, commercial | Construction, development & other land loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	493	241
Real estate, commercial | Construction, development & other land loans | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	17	256
Real estate, commercial | Construction, development & other land loans | Current
Financing Receivable, Past Due [Line Items]
Loans	763,878	992,084
Real estate, commercial | Construction, development & other land loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	764,418	992,980
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	9,119	7,042
Total	1,250,267	1,259,022
Real estate, commercial | Commercial real estate - owner occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	955	906
Real estate, commercial | Commercial real estate - owner occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	505	404
Real estate, commercial | Commercial real estate - owner occupied | Current
Financing Receivable, Past Due [Line Items]
Loans	1,239,688	1,250,670
Real estate, commercial | Commercial real estate - owner occupied | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	1,250,267	1,259,022
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	5,839	7,203
Total	2,561,803	2,528,060
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	504	361
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	0	0
Real estate, commercial | Commercial real estate - non owner occupied | Current
Financing Receivable, Past Due [Line Items]
Loans	2,555,460	2,520,496
Real estate, commercial | Commercial real estate - non owner occupied | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	2,561,803	2,528,060
Real estate, commercial | Multi-family real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	0	0
Total	497,187	421,376
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 | Current
Financing Receivable, Past Due [Line Items]
Loans	497,187	421,376
Real estate, commercial | Multi-family real estate | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	497,187	421,376
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	4,192	4,843
Total	1,729,050	1,639,469
Real estate, mortgage | Residential 1-4 family real estate | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	683	18,868
Real estate, mortgage | Residential 1-4 family real estate | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	3,137	3,401
Real estate, mortgage | Residential 1-4 family real estate | Current
Financing Receivable, Past Due [Line Items]
Loans	1,721,038	1,612,357
Real estate, mortgage | Residential 1-4 family real estate | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	1,729,050	1,639,469
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	1,707	2,703
Total	326,411	335,068
Real estate, mortgage | Home equity loans/lines of credit | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	1,362	603
Real estate, mortgage | Home equity loans/lines of credit | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	120	349
Real estate, mortgage | Home equity loans/lines of credit | Current
Financing Receivable, Past Due [Line Items]
Loans	323,222	331,413
Real estate, mortgage | Home equity loans/lines of credit | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	326,411	335,068
Consumer loans
Financing Receivable, Past Due [Line Items]
Nonaccrual loans	260	142
Total	76,638	68,443
Consumer loans | Accruing 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	278	270
Consumer loans | Accruing 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Loans	278	131
Consumer loans | Current
Financing Receivable, Past Due [Line Items]
Loans	75,822	67,900
Consumer loans | Loans, Excluding Purchased Credit Impaired Loans
Financing Receivable, Past Due [Line Items]
Total	$ 76,638	$ 68,443

Loans, Allowance for Credit L_9

Loans, Allowance for Credit Losses, and Asset Quality Information - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 22,969	$ 10,182
Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0	534
Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	860	2,385
Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	22,109	7,263
Commercial and industrial | Accruing 30-59 Days Past Due
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	597	2,385
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	597	2,385
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 | Construction, development & other land loans
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,804
Real estate, commercial | Accruing 30-59 Days Past Due | Construction, development & other land loans | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	0
Real estate, commercial | Accruing 30-59 Days Past Due | Construction, development & other land loans | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	263
Real estate, commercial | Accruing 30-59 Days Past Due | Construction, development & other land loans | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	2,541
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	5,478	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 | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	5,478	1,142
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	14,090	6,121
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 | Commercial Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans	$ 14,090	6,121
Real estate, mortgage | Accruing 30-59 Days Past Due | Home equity loans/lines of credit
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		534
Real estate, mortgage | Accruing 30-59 Days Past Due | Home equity loans/lines of credit | Residential Property
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		534
Real estate, mortgage | Accruing 30-59 Days Past Due | Home equity loans/lines of credit | Business Assets
Loans and Leases Receivable Disclosure [Line Items]
Total Collateral-Dependent Loans		0
Real estate, mortgage | Accruing 30-59 Days Past Due | Home equity loans/lines of credit | 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 - Schedule of Activity in Allowance for Loan Losses for Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 110,067	$ 106,396	$ 109,853	$ 90,967	$ 90,967
Initial ACL for acquired PCD loans		0		5,610
Charge-offs	(2,657)	(1,751)	(4,772)	(4,372)	(10,175)
Recoveries	1,198	885	1,727	1,874
Provisions / (Reversals)	1,450	3,700	3,250	15,151
Ending balance	110,058	109,230	110,058	109,230	109,853
Commercial and industrial
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	20,294	23,073	21,227	17,718	17,718
Initial ACL for acquired PCD loans		0		5,197
Charge-offs	(2,478)	(1,534)	(4,063)	(3,711)
Recoveries	857	492	1,100	766
Provisions / (Reversals)	1,164	1,411	1,573	3,472
Ending balance	19,837	23,442	19,837	23,442	21,227
Real estate, commercial | Construction, development & other land loans
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	11,783	18,986	13,940	15,128	15,128
Initial ACL for acquired PCD loans		0		49
Charge-offs	0	0	(79)	0	(120)
Recoveries	50	158	147	223
Provisions / (Reversals)	(1,837)	(667)	(4,012)	3,077
Ending balance	9,996	18,477	9,996	18,477	13,940
Real estate, commercial | Commercial real estate - owner occupied
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	18,163	16,082	18,218	14,972	14,972
Initial ACL for acquired PCD loans		0		191
Charge-offs	(30)	0	(88)	0	(144)
Recoveries	4	34	8	70
Provisions / (Reversals)	(278)	265	(279)	1,148
Ending balance	17,859	16,381	17,859	16,381	18,218
Real estate, commercial | Commercial real estate - non owner occupied
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	26,252	25,990	24,916	22,780	22,780
Initial ACL for acquired PCD loans		0		51
Charge-offs	0	0	(158)	(235)	(235)
Recoveries	41	38	43	432
Provisions / (Reversals)	(417)	246	1,075	3,246
Ending balance	25,876	26,274	25,876	26,274	24,916
Real estate, commercial | Multi-family real estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	4,422	3,204	3,825	2,957	2,957
Initial ACL for acquired PCD loans		0		0
Charge-offs	0	0	0	0	0
Recoveries	0	3	0	7
Provisions / (Reversals)	707	739	1,304	982
Ending balance	5,129	3,946	5,129	3,946	3,825
Real estate, mortgage | Residential 1-4 family real estate
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	22,704	12,285	21,396	11,354	11,354
Initial ACL for acquired PCD loans		0		113
Charge-offs	(6)	0	(6)	0	(4)
Recoveries	106	79	227	225
Provisions / (Reversals)	2,051	1,941	3,238	2,613
Ending balance	24,855	14,305	24,855	14,305	21,396
Real estate, mortgage | Home equity loans/lines of credit
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,336	3,481	3,339	3,158	3,158
Initial ACL for acquired PCD loans		0		8
Charge-offs	(2)	0	(2)	(2)	(309)
Recoveries	17	40	22	74
Provisions / (Reversals)	(174)	196	(182)	479
Ending balance	3,177	3,717	3,177	3,717	3,339
Consumer loans
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,113	3,295	2,992	2,900	2,900
Initial ACL for acquired PCD loans		0		1
Charge-offs	(141)	(217)	(376)	(424)	(1,005)
Recoveries	123	41	180	77
Provisions / (Reversals)	234	(431)	533	134
Ending balance	$ 3,329	$ 2,688	$ 3,329	$ 2,688	$ 2,992

Loans, Allowance for Credit _11

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Recorded Investment in Loans by Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 794,847		$ 794,847		$ 1,886,592
2023	1,453,863		1,453,863		2,026,392
2022	1,914,386		1,914,386		1,690,561
2021	1,557,883		1,557,883		817,077
2020	754,598		754,598		382,928
Prior	791,036		791,036		537,330
Revolving	802,527		802,527		809,400
Total	8,069,140		8,069,140		8,150,280
Unamortized net deferred loan costs/(fees)	708		708		(178)
Total loans, net of deferred loan costs/(fees)	8,069,848		8,069,848		8,150,102
Total gross charge-offs, year to date
2024			71		205
2023			221		1,115
2022			594		1,070
2021			200		560
2020			121		821
Prior			979		1,764
Revolving			2,586		4,640
Total	2,657	$ 1,751	4,772	$ 4,372	10,175
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	863,366		863,366		905,862
Total gross charge-offs, year to date
Total	2,478	1,534	4,063	3,711
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9,250		9,250		16,627
2023	12,993		12,993		12,913
2022	9,759		9,759		5,044
2021	3,433		3,433		2,173
2020	1,551		1,551		435
Prior	539		539		463
Revolving	39,113		39,113		30,788
Total	76,638		76,638		68,443
Total gross charge-offs, year to date
2024			0		34
2023			17		79
2022			20		73
2021			4		23
2020			0		0
Prior			0		1
Revolving			335		795
Total	141	217	376	424	1,005
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	58,461		58,461		141,193
2023	107,184		107,184		164,830
2022	144,791		144,791		111,956
2021	96,505		96,505		76,886
2020	68,059		68,059		40,590
Prior	90,127		90,127		65,785
Revolving	298,239		298,239		304,622
Total	863,366		863,366		905,862
Total gross charge-offs, year to date
2024			71		171
2023			100		1,036
2022			574		713
2021			196		537
2020			121		821
Prior			752		1,547
Revolving			2,249		3,533
Total			4,063		8,358
Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	190,084		190,084		565,144
2023	297,325		297,325		232,431
2022	145,338		145,338		90,433
2021	36,812		36,812		16,662
2020	15,438		15,438		11,608
Prior	12,758		12,758		5,831
Revolving	66,663		66,663		70,871
Total	764,418		764,418		992,980
Total gross charge-offs, year to date
2024			0		0
2023			79		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		120
Revolving			0		0
Total	0	0	79	0	120
Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	91,524		91,524		215,243
2023	233,670		233,670		327,890
2022	307,050		307,050		301,127
2021	275,482		275,482		198,055
2020	167,086		167,086		100,495
Prior	157,493		157,493		92,941
Revolving	17,962		17,962		23,271
Total	1,250,267		1,250,267		1,259,022
Total gross charge-offs, year to date
2024			0		0
2023			25		0
2022			0		49
2021			0		0
2020			0		0
Prior			63		92
Revolving			0		3
Total	30	0	88	0	144
Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	239,271		239,271		521,820
2023	432,648		432,648		749,085
2022	729,373		729,373		722,522
2021	673,770		673,770		291,842
2020	279,226		279,226		121,332
Prior	176,647		176,647		92,116
Revolving	30,868		30,868		29,343
Total	2,561,803		2,561,803		2,528,060
Total gross charge-offs, year to date
2024			0		0
2023			0		0
2022			0		235
2021			0		0
2020			0		0
Prior			158		0
Revolving			0		0
Total	0	0	158	235	235
Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	51,230		51,230		57,378
2023	42,386		42,386		137,533
2022	153,659		153,659		139,879
2021	162,652		162,652		43,881
2020	42,740		42,740		12,231
Prior	17,184		17,184		10,323
Revolving	27,336		27,336		20,151
Total	497,187		497,187		421,376
Total gross charge-offs, year to date
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving			0		0
Total	0	0	0	0	0
Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	153,377		153,377		365,939
2023	324,717		324,717		400,574
2022	423,714		423,714		318,191
2021	308,695		308,695		187,264
2020	180,197		180,197		95,626
Prior	335,297		335,297		268,628
Revolving	3,053		3,053		3,247
Total	1,729,050		1,729,050		1,639,469
Total gross charge-offs, year to date
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			6		4
Revolving			0		0
Total	6	0	6	0	4
Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,650		1,650		3,248
2023	2,940		2,940		1,136
2022	702		702		1,409
2021	534		534		314
2020	301		301		611
Prior	991		991		1,243
Revolving	319,293		319,293		327,107
Total	326,411		326,411		335,068
Total gross charge-offs, year to date
2024			0		0
2023			0		0
2022			0		0
2021			0		0
2020			0		0
Prior			0		0
Revolving			2		309
Total	2	$ 0	2	$ 2	309
Pass | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9,250		9,250		16,497
2023	12,989		12,989		12,906
2022	9,724		9,724		4,999
2021	3,378		3,378		2,173
2020	1,551		1,551		432
Prior	510		510		429
Revolving	38,798		38,798		30,757
Total	76,200		76,200		68,193
Pass | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	57,552		57,552		136,735
2023	104,107		104,107		161,131
2022	141,628		141,628		111,069
2021	96,224		96,224		75,312
2020	67,280		67,280		38,495
Prior	83,501		83,501		60,626
Revolving	296,600		296,600		302,684
Total	846,892		846,892		886,052
Pass | Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	189,201		189,201		563,998
2023	296,299		296,299		231,450
2022	144,485		144,485		90,374
2021	34,260		34,260		16,662
2020	15,371		15,371		11,598
Prior	12,479		12,479		5,816
Revolving	66,649		66,649		70,852
Total	758,744		758,744		990,750
Pass | Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	80,629		80,629		210,449
2023	230,673		230,673		323,852
2022	301,138		301,138		299,135
2021	274,787		274,787		196,343
2020	165,067		165,067		92,452
Prior	143,931		143,931		86,784
Revolving	17,912		17,912		23,198
Total	1,214,137		1,214,137		1,232,213
Pass | Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	225,801		225,801		509,596
2023	431,974		431,974		748,854
2022	729,144		729,144		722,472
2021	673,742		673,742		287,235
2020	274,613		274,613		119,515
Prior	168,641		168,641		84,690
Revolving	30,416		30,416		29,001
Total	2,534,331		2,534,331		2,501,363
Pass | Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	50,567		50,567		57,378
2023	42,386		42,386		137,533
2022	153,659		153,659		139,879
2021	162,652		162,652		43,881
2020	42,740		42,740		12,231
Prior	17,184		17,184		10,323
Revolving	27,336		27,336		20,151
Total	496,524		496,524		421,376
Pass | Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	151,928		151,928		363,410
2023	324,467		324,467		400,483
2022	423,658		423,658		317,515
2021	308,329		308,329		186,459
2020	178,922		178,922		94,567
Prior	328,995		328,995		260,102
Revolving	3,053		3,053		3,247
Total	1,719,352		1,719,352		1,625,783
Pass | Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,422		1,422		2,830
2023	2,739		2,739		1,136
2022	702		702		1,141
2021	393		393		223
2020	211		211		499
Prior	982		982		1,233
Revolving	313,065		313,065		319,199
Total	319,514		319,514		326,261
Special Mention | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving	31		31		0
Total	31		31		0
Special Mention | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	761		761		2,832
2023	540		540		2,547
2022	157		157		167
2021	120		120		185
2020	161		161		448
Prior	872		872		672
Revolving	567		567		1,135
Total	3,178		3,178		7,986
Special Mention | Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	53		53		489
2023	635		635		273
2022	853		853		59
2021	2,552		2,552		0
2020	0		0		2
Prior	266		266		4
Revolving	14		14		19
Total	4,373		4,373		846
Special Mention | Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	8,087		8,087		338
2023	2,654		2,654		2,533
2022	4,421		4,421		271
2021	237		237		817
2020	763		763		5,755
Prior	7,509		7,509		2,253
Revolving	0		0		0
Total	23,671		23,671		11,967
Special Mention | Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	13,216		13,216		11,353
2023	274		274		199
2022	199		199		36
2021	16		16		393
2020	380		380		1,183
Prior	6,956		6,956		5,942
Revolving	452		452		342
Total	21,493		21,493		19,448
Special Mention | Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	663		663		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	663		663		0
Special Mention | Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	209		209		681
2023	0		0		41
2022	12		12		202
2021	147		147		64
2020	63		63		587
Prior	937		937		1,987
Revolving	0		0		0
Total	1,368		1,368		3,562
Special Mention | Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	122		122		163
2023	157		157		0
2022	0		0		122
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving	16		16		18
Total	295		295		303
Classified | Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0		0		130
2023	4		4		7
2022	35		35		45
2021	55		55		0
2020	0		0		3
Prior	29		29		34
Revolving	284		284		31
Total	407		407		250
Classified | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	148		148		1,626
2023	2,537		2,537		1,152
2022	3,006		3,006		720
2021	161		161		1,389
2020	618		618		1,647
Prior	5,754		5,754		4,487
Revolving	1,072		1,072		803
Total	13,296		13,296		11,824
Classified | Construction, development & other land loans | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	830		830		657
2023	391		391		708
2022	0		0		0
2021	0		0		0
2020	67		67		8
Prior	13		13		11
Revolving	0		0		0
Total	1,301		1,301		1,384
Classified | Commercial real estate - owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	2,808		2,808		4,456
2023	343		343		1,505
2022	1,491		1,491		1,721
2021	458		458		895
2020	1,256		1,256		2,288
Prior	6,053		6,053		3,904
Revolving	50		50		73
Total	12,459		12,459		14,842
Classified | Commercial real estate - non owner occupied | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	254		254		871
2023	400		400		32
2022	30		30		14
2021	12		12		4,214
2020	4,233		4,233		634
Prior	1,050		1,050		1,484
Revolving	0		0		0
Total	5,979		5,979		7,249
Classified | Multi-family real estate | Real estate, commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0		0		0
2023	0		0		0
2022	0		0		0
2021	0		0		0
2020	0		0		0
Prior	0		0		0
Revolving	0		0		0
Total	0		0		0
Classified | Residential 1-4 family real estate | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,240		1,240		1,848
2023	250		250		50
2022	44		44		474
2021	219		219		741
2020	1,212		1,212		472
Prior	5,365		5,365		6,539
Revolving	0		0		0
Total	8,330		8,330		10,124
Classified | Home equity loans/lines of credit | Real estate, mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
2024	106		106		255
2023	44		44		0
2022	0		0		146
2021	141		141		91
2020	90		90		112
Prior	9		9		10
Revolving	6,212		6,212		7,890
Total	$ 6,602		$ 6,602		$ 8,504

Loans, Allowance for Credit _12

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Modifications (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	$ 590	$ 3,654	$ 1,902	$ 4,862
Percentage of loan modifications to total loans	0.01%	0.05%	0.02%	0.06%
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	$ 97	$ 1,393	$ 1,089	$ 1,618
Percentage of loan modifications to total loans	0.01%	0.16%	0.13%	0.18%
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				$ 514
Percentage of loan modifications to total loans				0.05%
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis			$ 111	$ 96
Percentage of loan modifications to total loans			0%	0%
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis		$ 475		$ 475
Percentage of loan modifications to total loans		0.04%		0.04%
Real estate, mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Percentage of loan modifications to total loans	0.01%
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	$ 203	$ 469	$ 203	$ 515
Percentage of loan modifications to total loans		0.03%	0.01%	0.04%
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	$ 290	$ 1,317	$ 499	$ 1,416
Percentage of loan modifications to total loans	0.09%	0.39%	0.15%	0.42%
Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				$ 228
Percentage of loan modifications to total loans				0.34%
Payment Deferral
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	$ 0	$ 1,551	$ 114	$ 1,701
Payment Deferral | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0	1,363	114	1,513
Payment Deferral | Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				0
Payment Deferral | Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis			0	0
Payment Deferral | Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis		188		188
Payment Deferral | Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0	0	0	0
Payment Deferral | Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0	0	0	0
Payment Deferral | Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				0
Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	494	2,103	638	3,149
Term Extension | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	1	30	1	105
Term Extension | Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				502
Term Extension | Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis			111	96
Term Extension | Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis		287		287
Term Extension | Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	203	469	203	515
Term Extension | Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	290	1,317	323	1,416
Term Extension | Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				228
Combination - Term Extension and Payment Delay
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0		878
Combination - Term Extension and Payment Delay | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0		878
Combination - Term Extension and Payment Delay | Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis			0
Combination - Term Extension and Payment Delay | Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0		0
Combination - Term Extension and Payment Delay | Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0		0
Combination - Interest Rate Reduction and Term Extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	96	0	272	12
Combination - Interest Rate Reduction and Term Extension | Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	96	0	96	0
Combination - Interest Rate Reduction and Term Extension | Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				12
Combination - Interest Rate Reduction and Term Extension | Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis			0	0
Combination - Interest Rate Reduction and Term Extension | Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis		0		0
Combination - Interest Rate Reduction and Term Extension | Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	0	0	0	0
Combination - Interest Rate Reduction and Term Extension | Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis	$ 0	$ 0	$ 176	0
Combination - Interest Rate Reduction and Term Extension | Consumer loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortization cost basis				$ 0

Loans, Allowance for Credit _13

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Financial Effect of Modifications (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0.75%	0%	0.75%	0%
Weighted Average Payment Delay (in months)	0 months	2 months	36 months	2 months
Weighted Average Term Extension (in months)	27 months	25 months	13 months	13 months
Real estate, commercial | Construction, development & other land loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction				1.50%
Weighted Average Payment Delay (in months)				0 months
Weighted Average Term Extension (in months)				7 months
Real estate, commercial | Commercial real estate - owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction		0%		0%
Weighted Average Payment Delay (in months)		12 months		12 months
Weighted Average Term Extension (in months)		49 months		49 months
Real estate, commercial | Commercial real estate - non owner occupied
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction			0%	0%
Weighted Average Payment Delay (in months)			0 months	0 months
Weighted Average Term Extension (in months)			13 months	15 months
Real estate, commercial | 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)				24 months
Real estate, mortgage | Residential 1-4 family real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%	0%	0%
Weighted Average Payment Delay (in months)	0 months	0 months	0 months
Weighted Average Term Extension (in months)	103 months	25 months	103 months
Real estate, mortgage | Home equity loans/lines of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Weighted Average Interest Rate Reduction	0%	0%	2.10%	0%
Weighted Average Payment Delay (in months)	0 months	0 months	0 months	0 months
Weighted Average Term Extension (in months)	95 months	42 months	69 months	40 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)				6 months

Loans, Allowance for Credit _14

Loans, Allowance for Credit Losses, and Asset Quality Information - Schedule of Aging Modifications (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 7,262	$ 11,640
Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	79
Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	92	0
Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Commercial and industrial | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	1,258	2,841
Commercial and industrial | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Commercial and industrial | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Commercial and industrial | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Construction, development & other land loans | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	111	362
Real estate, commercial | Construction, development & other land loans | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Construction, development & other land loans | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	17	0
Real estate, commercial | Construction, development & other land loans | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Commercial real estate - owner occupied | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	3,888	4,455
Real estate, commercial | Commercial real estate - owner occupied | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Commercial real estate - owner occupied | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Commercial real estate - owner occupied | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Commercial real estate - non owner occupied | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	111	206
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, commercial | Commercial real estate - non owner occupied | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, mortgage | Residential 1-4 family real estate | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	203	656
Real estate, mortgage | Residential 1-4 family real estate | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	79
Real estate, mortgage | Residential 1-4 family real estate | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	75	0
Real estate, mortgage | Residential 1-4 family real estate | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, mortgage | Home equity loans/lines of credit | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	1,691	3,114
Real estate, mortgage | Home equity loans/lines of credit | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, mortgage | Home equity loans/lines of credit | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	0	0
Real estate, mortgage | Home equity loans/lines of credit | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis	$ 0	0
Consumer loans | Current
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis		6
Consumer loans | Accruing 30-59 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis		0
Consumer loans | Accruing 60-89 Days Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis		0
Consumer loans | Accruing 90 Days or More Past Due
Financing Receivable, Troubled Debt Restructuring [Line Items]
Amortized cost basis		$ 0

Loans, Allowance for Credit _15

Loans, Allowance for Credit Losses, and Asset Quality Information - Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 110,067	$ 106,396	$ 109,853	$ 90,967	$ 90,967
Initial provision for credit losses on unfunded commitments acquired from GrandSouth	1,450	3,700	3,250	15,151
Charge-offs	(2,657)	(1,751)	(4,772)	(4,372)	(10,175)
Recoveries	1,198	885	1,727	1,874
Ending balance	110,058	109,230	110,058	109,230	109,853
Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance			11,369	13,306	13,306
Initial provision for credit losses on unfunded commitments acquired from GrandSouth			(1,509)	(2,209)
Charge-offs			0	0
Recoveries			0	0
Ending balance	$ 9,860	$ 13,018	9,860	13,018	$ 11,369
Unfunded Loan Commitment | GrandSouth
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Initial provision for credit losses on unfunded commitments acquired from GrandSouth			$ 0	$ 1,921

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	Jun. 30, 2024	Dec. 31, 2023
Amortizable intangible assets:
Gross Carrying Amount	$ 59,590	$ 60,690
Accumulated Amortization	33,510	31,183
Total	26,080	29,507
Unamortizable intangible assets:
Goodwill	478,750	478,750
Intangibles before servicing assets
Amortizable intangible assets:
Total	26,080
Customer lists
Amortizable intangible assets:
Gross Carrying Amount	1,600	2,700
Accumulated Amortization	1,227	2,167
Total	373	533
Core deposit intangibles
Amortizable intangible assets:
Gross Carrying Amount	57,890	57,890
Accumulated Amortization	32,187	28,933
Total	25,703	28,957
Other intangibles
Amortizable intangible assets:
Gross Carrying Amount	100	100
Accumulated Amortization	96	83
Total	$ 4	$ 17

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,669		$ 2,049	$ 3,428	$ 4,194
SBA guaranteed servicing income	$ 800		$ 900	$ 1,500	$ 1,800
Goodwill impairment		$ 0
Customer lists
Finite-Lived Intangible Assets [Line Items]
Useful life	5 years			5 years
Core deposit intangibles
Finite-Lived Intangible Assets [Line Items]
Useful life	10 years			10 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of the Estimated Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Total	$ 26,080	$ 29,507
Intangibles before servicing assets
Finite-Lived Intangible Assets [Line Items]
July 1, 2024 to December 31, 2024	3,176
2025	5,672
2026	4,704
2027	3,951
2028	3,197
Thereafter	5,380
Total	$ 26,080

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Change in SBA Servicing Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Roll Forward]
Beginning balance, net			$ 29,507
Amortization of intangible assets	$ 1,669	$ 2,049	3,428	$ 4,194
Ending balance, net	26,080		26,080
SBA servicing assets
Finite-Lived Intangible Assets [Roll Forward]
Beginning balance, net	3,137	3,897	3,350	4,004
Add: New servicing assets	319	195	543	271
Amortization of intangible assets	453	311	890	494
Ending balance, net	$ 3,003	$ 3,781	$ 3,003	$ 3,781

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Total borrowings, gross	$ 96,150		$ 96,150		$ 635,175
Unamortized discount on acquired borrowings	(4,637)		(4,637)		(5,017)
Total borrowings	$ 91,513		$ 91,513		$ 630,158
Weighted average interest rate	6.93%		6.93%		5.57%
Repayments of ther Debt			$ 1,010,024	$ 1,069,569
Repayment of subordinated debentures	$ 10,000		10,000	$ 0
FHLB Principal Reducing Credit Due From June 26, 2028 To December 20, 2028
Debt Instrument [Line Items]
Total borrowings, gross	$ 826		$ 826
FHLB Principal Reducing Credit Due From June 26, 2028 To December 20, 2028 | Minimum
Debt Instrument [Line Items]
Fixed rate	0%		0%
FHLB Principal Reducing Credit Due From June 26, 2028 To December 20, 2028 | Maximum
Debt Instrument [Line Items]
Fixed rate	1%		1%
FHLB Principal Reducing Credit Due June 26, 2028
Debt Instrument [Line Items]
Total borrowings, gross					$ 203
Fixed rate					0.25%
FHLB Principal Reducing Credit Due July 17, 2028
Debt Instrument [Line Items]
Total borrowings, gross					$ 31
Fixed rate					0%
FHLB Principal Reducing Credit Due August 18, 2028
Debt Instrument [Line Items]
Total borrowings, gross					$ 151
Fixed rate					1%
FHLB Principal Reducing Credit Due August 22, 2028
Debt Instrument [Line Items]
Total borrowings, gross					$ 151
Fixed rate					1%
FHLB Principal Reducing Credit Due December 20, 2028
Debt Instrument [Line Items]
Total borrowings, gross					$ 315
Fixed rate					0.50%
Trust Preferred Securities Due January 23, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310		$ 10,310		$ 10,310
Weighted average interest rate	8.24%		8.24%		8.30%
Basis spread on variable rate (as a percent)		2.91%	2.91%
Trust Preferred Securities Due On January 23, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310		$ 10,310		$ 10,310
Weighted average interest rate	8.34%		8.34%		8.40%
Basis spread on variable rate (as a percent)		3.01%	3.01%
Trust Preferred Securities Due September 20, 2034
Debt Instrument [Line Items]
Total borrowings, gross	$ 12,372		$ 12,372		$ 12,372
Weighted average interest rate	7.76%		7.76%		7.78%
Basis spread on variable rate (as a percent)		2.41%	2.41%
Trust Preferred Securities Due January 7, 2035
Debt Instrument [Line Items]
Total borrowings, gross	$ 10,310		$ 10,310		$ 10,310
Weighted average interest rate	7.59%		7.59%		7.66%
Basis spread on variable rate (as a percent)		2%	2%
Trust Preferred Securities Due June 15, 2036
Debt Instrument [Line Items]
Total borrowings, gross	$ 25,774		$ 25,774		$ 25,774
Weighted average interest rate	6.99%		6.99%		7.04%
Basis spread on variable rate (as a percent)		1.65%	1.65%
Trust Preferred Securities Due June 23, 2036
Debt Instrument [Line Items]
Total borrowings, gross	$ 8,248		$ 8,248		$ 8,248
Weighted average interest rate	7.46%		7.46%		7.47%
Basis spread on variable rate (as a percent)		2.11%	2.11%
Subordinated Debentures Due November 15, 2030
Debt Instrument [Line Items]
Total borrowings, gross	$ 18,000		$ 18,000		$ 18,000
Fixed rate	4.38%		4.38%		4.38%
FHLB Fixed Rate Credit Due January 16th, 2024
Debt Instrument [Line Items]
Total borrowings, gross					$ 80,000
Fixed rate					5.59%
FHLB Fixed Rate Credit Due February 27th, 2024
Debt Instrument [Line Items]
Total borrowings, gross					$ 100,000
Fixed rate					5.61%
FHLB Fixed Rate Credit Due March 20th, 2024
Debt Instrument [Line Items]
Total borrowings, gross					$ 100,000
Fixed rate					5.61%
FRB Bank Term Funding Program Due December 20th, 2024
Debt Instrument [Line Items]
Total borrowings, gross					$ 224,000
Fixed rate					4.85%
FRB Bank Term Funding Program Due December 27th, 2024
Debt Instrument [Line Items]
Total borrowings, gross					$ 25,000
Fixed rate					4.83%
Subordinated Debentures Due November 30, 2028
Debt Instrument [Line Items]
Total borrowings, gross					$ 10,000
Weighted average interest rate					9.09%
Basis spread on variable rate (as a percent)		3.69%
FRB Bank Term Funding Program Borrowings
Debt Instrument [Line Items]
Repayments of ther Debt	$ 231,000	$ 18,000

Leases (Narrative) (Details)

Leases (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) branchOffice	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) branchOffice	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	20 years 10 months 24 days		20 years 10 months 24 days
Weighted average discount rate	3.30%		3.30%		3.19%
Total operating lease expense	$ 500	$ 800	$ 1,200	$ 1,500
Operating Lease, Right-of-Use Asset	14,600		14,600		$ 17,100
Operating Lease, Liability	$ 15,343		$ 15,343		$ 17,800
Minimum
Lessee, Lease, Description [Line Items]
Option extension period	5 years		5 years
Maximum
Lessee, Lease, Description [Line Items]
Option extension period	10 years		10 years
Land and Building
Lessee, Lease, Description [Line Items]
Number of branch locations | branchOffice	14		14
Land
Lessee, Lease, Description [Line Items]
Number of branch locations | branchOffice	10		10

Leases (Schedule of Estimated L

Leases (Schedule of Estimated Lease Payments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee Disclosure [Abstract]
July 1, 2024 to December 31, 2024	$ 1,139
2025	1,800
2026	1,517
2027	1,236
2028	1,145
Thereafter	16,120
Total undiscounted lease payments	22,957
Less effect of discounting	(7,614)
Present value of estimated lease payments (lease liability)	$ 15,343	$ 17,800

Pension Plans (Narrative) (Deta

Pension Plans (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Net periodic pension cost (income)	$ 63	$ 50	$ 126	$ 101

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Financial instruments Measured at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	$ 1,867,211	$ 2,189,379
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	$ 0	$ 172,570
Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	60,127	60,266
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	1,789,243	1,937,784
Recurring | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)		172,570
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Derivative Assets	0	0
Presold mortgages in process of settlement	0	0
Derivative Liabilities	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0	0
Significant Other Observable Inputs (Level 2) | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	1,867,211	2,189,379
Derivative Assets	69	295
Presold mortgages in process of settlement	7,247	2,667
Derivative Liabilities	70	349
Significant Other Observable Inputs (Level 2) | Recurring | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)		172,570
Significant Other Observable Inputs (Level 2) | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	60,127	60,266
Significant Other Observable Inputs (Level 2) | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	1,789,243	1,937,784
Significant Other Observable Inputs (Level 2) | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	17,841	18,759
Significant Other Observable Inputs (Level 2) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0	0
Significant Unobservable Inputs (Level 3) | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Derivative Assets	0	0
Presold mortgages in process of settlement	0	0
Derivative Liabilities	0	0
Significant Unobservable Inputs (Level 3) | Recurring | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)		0
Significant Unobservable Inputs (Level 3) | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Significant Unobservable Inputs (Level 3) | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	0	0
Significant Unobservable Inputs (Level 3) | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	4,561	1,953
Estimated Fair Value | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	1,867,211	2,189,379
Derivative Assets	69	295
Presold mortgages in process of settlement	7,247	2,667
Derivative Liabilities	70	349
Estimated Fair Value | Recurring | Government-sponsored enterprise securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	60,127	60,266
Estimated Fair Value | Recurring | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	1,789,243	1,937,784
Estimated Fair Value | Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale (amortized cost of $2,277,299 and $2,590,099, respectively)	17,841	18,759
Estimated Fair Value | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	$ 4,561	$ 1,953

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Schedule of Significant Unobservable Inputs) (Details) - Significant Unobservable Inputs (Level 3) - Financing Receivable, Collateral Dependent $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans	$ 4,561	$ 1,953
Appraised value | Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Individually evaluated loans, measurement input (as a percent)	0.10	0.10

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	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	$ 90,468	$ 100,891
Securities held to maturity	523,600	533,678
Total loans, net of allowance	7,959,790	8,040,249
Accrued interest receivable	35,605	37,351
Bank-owned life insurance	186,031	183,897
Accrued interest payable	5,728	5,699
Carrying Amount | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	90,468	100,891
Due from banks, interest-bearing	517,944	136,964
Accrued interest receivable	35,605	37,351
Bank-owned life insurance	186,031	183,897
Carrying Amount | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities held to maturity	523,600	533,678
Demand deposits, money market and savings	9,453,321	9,052,905
Time deposits	1,034,508	978,694
Borrowings	91,513	630,158
Accrued interest payable	5,728	5,699
Carrying Amount | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, net of allowance	7,959,790	8,040,249
SBA Servicing Asset	3,002	3,351
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and due from banks, noninterest-bearing	90,468	100,891
Due from banks, interest-bearing	517,944	136,964
Accrued interest receivable	35,605	37,351
Bank-owned life insurance	186,031	183,897
Estimated Fair Value | Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities held to maturity	431,442	449,623
Demand deposits, money market and savings	9,453,321	9,052,905
Time deposits	1,028,372	972,513
Borrowings	79,815	615,614
Accrued interest payable	5,728	5,699
Estimated Fair Value | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, net of allowance	7,250,188	7,379,079
SBA Servicing Asset	$ 3,923	$ 4,049

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details)	3 Months Ended				6 Months Ended
	Mar. 31, 2025 USD ($)	Jun. 30, 2024 USD ($) shares	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) director shares	Jun. 30, 2023 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense		$ 900,000		$ 1,100,000	$ 1,600,000	$ 2,200,000
Stock-based compensation tax benefit		218,000		$ 261,000	$ 371,000	$ 520,000
Non-Employee Director Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of directors | director					12
Director equity grants granted, value			$ 37,500
Non-Employee Director Awards | Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Director equity grants granted, value	$ 37,500
Long-Term Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		3,900,000			$ 3,900,000
Unrecognized compensation expense, period for recognition					1 year 6 months
Long-Term Restricted Stock Awards | Next Twelve Months
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		2,600,000			$ 2,600,000
Long-Term Restricted Stock Awards | Remaining Quarters of 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense		$ 1,700,000			$ 1,700,000
First Bancorp 2014 Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares remaining available for grant | shares		1,976,567			1,976,567

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Outstanding Restricted Stock) (Details) - Long-Term Restricted Stock Awards	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Number of Units
Nonvested, beginning (in shares) | shares	291,291
Granted during the period (in shares) | shares	20,244
Vested during the period (in shares) | shares	(10,614)
Forfeited or expired during the period (in shares) | shares	0
Nonvested, ending (in shares) | shares	300,921
Weighted-Average Grant-Date Fair Value
Nonvested, beginning (in dollars per share) | $ / shares	$ 38.01
Granted during the period (in dollars per share) | $ / shares	34.10
Vested during the period (in dollars per share) | $ / shares	41.62
Forfeited or expired during the period (in dollars per share) | $ / shares	0
Nonvested, ending (in dollars per share) | $ / shares	$ 37.31

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic EPS:
Net income	$ 28,712	$ 29,403	$ 53,984	$ 44,564
Less: income allocated to restricted stock	(205)	(201)	(384)	(299)
Basic EPS per common share	$ 28,507	$ 29,202	$ 53,600	$ 44,265
Basic (in shares)	40,879,684	40,721,840	40,861,775	40,665,172
Basic (in dollars per share)	$ 0.70	$ 0.72	$ 1.31	$ 1.09
Diluted EPS:
Net income	$ 28,712	$ 29,403	$ 53,984	$ 44,564
Effect of dilutive securities	0	0	0	0
Diluted EPS per common share	$ 28,712	$ 29,403	$ 53,984	$ 44,564
Basic (in shares)	40,879,684	40,721,840	40,861,775	40,665,172
Effect of dilutive securities (in shares)	382,407	407,260	394,306	458,697
Diluted (in shares)	41,262,091	41,129,100	41,256,081	41,123,869
Diluted (in dollars per share)	$ 0.70	$ 0.71	$ 1.31	$ 1.08

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	$ (315,191)	$ (308,030)
Unrealized Loss on Securities Available for Sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	(410,088)	(400,720)
Deferred tax asset	94,935	92,767
Total accumulated other comprehensive income (loss)	(315,153)	(307,953)
Postretirement Plans Asset (Liability)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total accumulated other comprehensive income (loss)	(50)	(100)
Deferred tax asset	12	23
Total accumulated other comprehensive income (loss)	$ (38)	$ (77)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 1,376,099	$ 1,299,961	$ 1,372,380	$ 1,031,596
Other comprehensive loss before reclassifications	6,619	(24,142)	(8,092)	3,766
Amounts reclassified from accumulated other comprehensive income	163	34	931	67
Net current-period other comprehensive (loss) income	6,782	(24,108)	(7,161)	3,833
Ending balance	1,404,342	1,297,642	1,404,342	1,297,642
Unrealized Loss on Securities Available for Sale
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(321,915)	(314,109)	(307,953)	(342,017)
Other comprehensive loss before reclassifications	6,619	(24,142)	(8,092)	3,766
Amounts reclassified from accumulated other comprehensive income	143	0	892	0
Net current-period other comprehensive (loss) income	6,762	(24,142)	(7,200)	3,766
Ending balance	(315,153)	(338,251)	(315,153)	(338,251)
Postretirement Plans Asset (Liability)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(58)	75	(77)	42
Other comprehensive loss before reclassifications	0	0	0	0
Amounts reclassified from accumulated other comprehensive income	20	34	39	67
Net current-period other comprehensive (loss) income	20	34	39	67
Ending balance	(38)	109	(38)	109
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(321,973)	(314,034)	(308,030)	(341,975)
Ending balance	$ (315,191)	$ (338,142)	$ (315,191)	$ (338,142)

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Schedule of Noninterest Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Noninterest Income
Service charges on deposit accounts	$ 4,139	$ 4,114	$ 8,007	$ 8,008
Other service charges and fees:
Bankcard interchange income, net	2,359	2,368	4,673	4,950
Other service charges and fees	1,650	3,255	3,498	6,572
Commissions from sales of financial products	1,377	1,413	2,697	2,719
Portion of other income in-scope of ASC 606	55	409	312	930
Noninterest income (in-scope of ASC 606)	9,580	11,559	19,187	23,179
Noninterest income (out-of-scope of ASC 606)	5,068	2,676	8,399	4,592
Total noninterest income	$ 14,648	$ 14,235	$ 27,586	$ 27,771