Premier Financial (PFC) 10-Q 2 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 29, 2024
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2024
Entity Registrant Name	Premier Financial Corp.
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		35,813,096
Entity Central Index Key	0000946647
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	PFC
City Area Code	419
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	601 Clinton Street
Entity Address, City or Town	Defiance
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43512
Entity File Number	0-26850
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1803915
Local Phone Number	785-8700

Consolidated Condensed Statemen

Consolidated Condensed Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and amounts due from depository institutions	$ 57,956	$ 81,973
Interest-bearing deposits	31,725	32,783
Cash and cash equivalents, federal funds sold	89,681	114,756
Securities available-for-sale, carried at fair value	1,014,433	946,708
Equity securities, carried at fair value	5,736	5,773
Loans held for sale, carried at fair value	137,523	145,641
Loans receivable, net of allowance for credit losses of $ 76,679 at March 31, 2024 and $76,512 at December 31, 2023, respectively	6,617,066	6,662,875
Mortgage servicing rights	18,628	18,696
Accrued interest receivable	34,795	33,446
Federal Home Loan Bank stock	26,075	21,760
Bank owned life insurance	182,203	181,544
Premises and equipment	57,231	56,878
Real estate and other assets held for sale	255	243
Goodwill	295,602	295,602
Core deposit and other intangibles	11,196	12,186
Other assets	140,630	129,841
Total assets	8,631,054	8,625,949
Liabilities:
Deposits	7,183,387	7,143,046
Advances from Federal Home Loan Bank	253,000	280,000
Subordinated debentures	85,261	85,229
Advance payments by borrowers	16,861	23,277
Reserve for credit losses - unfunded commitments	3,614	4,307
Other liabilities	114,590	114,463
Total liabilities	7,656,713	7,650,322
Stockholders’ equity:
Preferred stock, $.01 par value per share: 4,963,000 shares authorized; no shares issued	0	0
Common stock, $.01 par value per share: 50,000,000 shares authorized; 43,297,260 and 43,297,260 shares issued and 35,816,760 and 35,729,593 shares outstanding at March 31, 2024 and December 31, 2023, respectively	306	306
Additional paid-in capital	689,468	690,585
Accumulated other comprehensive loss, net of tax of $(43,085) and $(40,862), respectively	(162,081)	(153,719)
Retained earnings	576,648	569,937
Treasury stock, at cost, 7,480,500 shares at March 31, 2024 and 7,567,667 shares at December 31, 2023	(130,000)	(131,482)
Total stockholders’ equity	974,341	975,627
Total liabilities and stockholders’ equity	$ 8,631,054	$ 8,625,949

Consolidated Condensed Statem_2

Consolidated Condensed Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans receivable, allowance (in dollars)	$ 76,679	$ 76,512
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	4,963,000	4,963,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	43,297,260	43,297,260
Common stock, shares outstanding	35,816,760	35,729,593
Accumulated other comprehensive loss, tax effect (in dollars)	$ (43,085)	$ (40,862)
Treasury Stock, Common, Shares	7,480,500	7,567,667
Cumulative Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	37,000	37,000
Preferred stock, shares issued	0	0

Consolidated Condensed Statem_3

Consolidated Condensed Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest Income
Loans	$ 87,597,000	$ 76,057,000
Investment securities:
Taxable	7,026,000	6,608,000
Non-taxable	576,000	653,000
Interest-bearing deposits	609,000	444,000
FHLB stock dividends	534,000	394,000
Total interest income	96,342,000	84,156,000
Interest Expense
Deposits	42,567,000	21,458,000
FHLB advances and other	3,039,000	5,336,000
Subordinated debentures	1,162,000	1,075,000
Notes payable	0	0
Total interest expense	46,768,000	27,869,000
Net interest income	49,574,000	56,287,000
Credit loss expense - loans and leases	560,000	3,944,000
Credit loss (benefit) expense - unfunded commitments	(693,000)	(238,000)
Net interest income after credit loss expense (benefit)	49,707,000	52,581,000
Non-interest Income
Service fees and other charges	6,467,000	6,428,000
Insurance commissions	0	4,725,000
Mortgage banking income (loss)	2,350,000	(274,000)
Gain on sale of non-mortgage loans	67,000	0
Gain on sale of securities available for sale	0	34,000
Loss on equity securities	(37,000)	(1,445,000)
Wealth management income	1,713,000	1,485,000
Income from Bank Owned Life Insurance	1,697,000	1,417,000
Other non-interest income	239,000	92,000
Total non-interest income	12,496,000	12,462,000
Non-interest Expense
Compensation and benefits	23,394,000	25,658,000
Occupancy	3,365,000	3,574,000
FDIC insurance premium	1,120,000	1,288,000
Financial institutions tax	1,035,000	852,000
Data processing	4,670,000	3,863,000
Amortization of intangibles	990,000	1,270,000
Other non-interest expense	5,326,000	6,286,000
Total non-interest expense	39,900,000	42,791,000
Income before income taxes	22,303,000	22,252,000
Income tax expense	4,514,000	4,103,000
Net income	$ 17,789,000	$ 18,149,000
Earnings per common share
Basic	$ 0.5	$ 0.51
Diluted	$ 0.5	$ 0.51

Consolidated Condensed Statem_4

Consolidated Condensed Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ 17,789	$ 18,149
Other comprehensive income (loss):
Unrealized gains (losses) on securities available for sale	(6,696)	18,399
Reclassification adjustment for securities (gains) losses included in net income	0	(34)
Income tax effect	1,406	(3,857)
Net of tax amount	(5,290)	14,508
Unrealized gain (loss) on balance sheet swap	(6,024)	8,586
Reclassification adjustment for cash flow hedge derivatives (gains) losses included in net income	2,136	(1,949)
Income tax effect	816	(1,394)
Net of tax amount	(3,072)	5,243
Total other comprehensive income (loss)	(8,362)	19,751
Comprehensive income	$ 9,427	$ 37,900

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2022	$ 887,721	$ 306	$ 691,453	$ (173,460)	$ 502,909	$ (133,487)
Balance (in shares) at Dec. 31, 2022		35,591,277
Net Income (Loss)	18,149				18,149
Other comprehensive income (loss)	19,751			19,751
Deferred compensation plan			75			(75)
Deferred compensation plan (in shares)		9,196
Shares issued under stock option plan	125		112			13
Shares issued under stock option plan (in shares)		753
Vesting of incentive plans			(1,078)			1,078
Vesting of incentive plans (in shares)		62,061
Restricted share issuance	296		(755)			1,051
Restricted share issuance (in shares)		60,526
Restricted share forfeitures	(544)					(544)
Restricted share forfeitures (in shares)		(22,178)
Shares repurchased	(11)					(11)
Shares repurchased (In Shares)		(391)
Common stock dividend payment	(11,037)				(11,037)
Balance at Mar. 31, 2023	914,450	$ 306	689,807	(153,709)	510,021	(131,975)
Balance (in shares) at Mar. 31, 2023		35,701,244
Balance at Dec. 31, 2023	975,627	$ 306	690,585	(153,719)	569,937	(131,482)
Balance (in shares) at Dec. 31, 2023		35,729,593
Net Income (Loss)	17,789				17,789
Other comprehensive income (loss)	(8,362)			(8,362)
Deferred compensation plan			(13)			13
Stock based compensation expenses	694		694
Vesting of incentive plans	(7)		(668)			661
Vesting of incentive plans (in shares)		37,978
Restricted share issuance			(1,130)			1,130
Restricted share issuance (in shares)		64,988
Restricted share forfeitures	(322)					(322)
Restricted share forfeitures (in shares)		(15,799)
Common stock dividend payment	(11,078)				(11,078)
Balance at Mar. 31, 2024	$ 974,341	$ 306	$ 689,468	$ (162,081)	$ 576,648	$ (130,000)
Balance (in shares) at Mar. 31, 2024		35,816,760

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividend payment per share	$ 0.31	$ 0.31

Consolidated Condensed Statem_5

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating Activities
Net Income (Loss)	$ 17,789,000	$ 18,149,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	(133,000)	3,706,000
Depreciation	1,416,000	1,348,000
Amortization of premium and discounts on loans, securities, deposits and debt obligations	1,408,000	4,090,000
Amortization of mortgage servicing rights, net of impairment charges/recoveries	775,000	1,325,000
Amortization of intangibles	990,000	1,270,000
Change in deferred taxes	1,338,000	615,000
Proceeds from the sale of loans held for sale	54,553,000	72,365,000
Originations of loans held for sale	(45,859,000)	(78,363,000)
Mortgage banking (loss) gain, net	(1,283,000)	837,000
Loss on sale / write-down of real estate and other assets held for sale	22,000	36,000
Gain on sale of available for sale securities	0	(34,000)
Loss on equity securities	37,000	1,445,000
Stock based compensation expense	687,000	421,000
Restricted stock forfeitures for taxes and option exercises	(322,000)	(544,000)
Income from bank owned life insurance	(1,185,000)	(994,000)
Changes in:
Accrued interest receivable and other assets	(11,254,000)	(2,838,000)
Other liabilities	(3,761,000)	(2,325,000)
Net cash provided by operating activities	15,218,000	20,509,000
Investing Activities
Proceeds from maturities, calls and pay-downs of available-for-sale securities	18,349,000	42,940,000
Proceeds from sale of available-for-sale securities	0	16,238,000
Proceeds from sale of premises and equipment, real estate and other assets held for sale	131,000	348,000
Purchases of available-for-sale securities	(93,877,000)	0
Net change in Federal Home Loan Bank stock	(4,315,000)	(7,871,000)
Purchases of premises and equipment, net	(1,769,000)	(1,789,000)
Investment in bank owned life insurance	526,000	866,000
Net decrease (increase) in loans receivable	44,723,000	(120,971,000)
Net cash used in investing activities	(36,232,000)	(70,239,000)
Financing Activities
Net increase (decrease) in deposits and advance payments by borrowers	34,017,000	(140,355,000)
Net change in Federal Home Loan Bank advances	(27,000,000)	230,000,000
Net cash paid for repurchase of common stock	0	(11,000)
Cash dividends paid on common stock	(11,078,000)	(11,037,000)
Net cash (used in) provided by financing activities	(4,061,000)	78,597,000
(Decrease) Increase in cash and cash equivalents	(25,075,000)	28,867,000
Cash and cash equivalents at beginning of period	114,756,000	128,160,000
Cash and cash equivalents at end of period	89,681,000	157,027,000
Supplemental cash flow information:
Interest paid	44,871,000	27,665,000
Income taxes paid	0	0
Initial recognition of right-of-use asset	839,000	25,000
Initial recognition of lease liability	$ 839,000	$ 25,000

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 17,789	$ 18,149

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 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

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation Premier Financial Corp. (“Premier” or the “Company”) is a financial holding company that conducts business through its wholly-owned subsidiaries, Premier Bank (the "Bank"), and PFC Capital, LLC (“PFC Capital”). All significant intercompany transactions and balances are eliminated in consolidation. Premier’s stock is traded on the NASDAQ Global Select Market under the ticker PFC. The Bank is primarily engaged in community banking. It attracts deposits from the general public through its offices and website, and uses those and other available sources of funds to originate residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans and consumer loans. In addition, the Bank invests in U.S. Treasury and federal government agency obligations, obligations of states and political subdivisions, mortgage-backed securities ("MBS") that are issued by federal agencies, collateralized mortgage obligations (“CMOs”), and corporate bonds. The Bank’s deposits are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Bank is a member of the Federal Home Loan Bank (“FHLB”) System. PFC Capital was formed as an Ohio limited liability company in 2016 for the purpose of providing mezzanine funding for customers. Mezzanine loans are offered by PFC Capital to customers in the Company’s market area and are expected to be repaid from the cash flow from operations of the business. First Insurance Group of the Midwest, Inc. ("First Insurance") is a wholly-owned subsidiary of Premier that conducted business as an insurance agency that conducted business throughout Premier’s markets. First Insurance offered property and casualty insurance, life insurance and group health insurance. On June 30, 2023, the Company completed the sale of substantially all of the assets (including $ 24.7 million of goodwill and intangibles) of First Insurance to Risk Strategies Corporation (“Buyer”). Consideration included a combination of cash and a subordinated note resulting in net cash received of $ 47.4 million after certain transaction costs at closing, the assumption of certain leases, and contingent consideration subject to certain performance criteria by the Buyer to be determined after the year ended December 31, 2026. The Company recorded a pre-tax gain on sale of $ 36.3 million, transaction costs of $ 3.7 million and taxes of $ 8.5 million for a $ 24.1 million increase to equity in 2023. PFC Risk Management Inc. (“PFC Risk Management”) was a wholly-owned insurance company subsidiary of the Company that was formed to insure the Company and its subsidiaries against certain risks unique to the operations of the Company and for which insurance was not available or economically feasible, in the insurance marketplace. Due to pending changes in tax law, PFC Risk Management was dissolved and liquidated in December 2023. The Company tests goodwill at least annually and, more frequently, if events or changes in circumstances indicate that it may be more likely than not that there is a possible impairment. Due to the ongoing impacts from the closure of large, well-known regional banks in early 2023 that led to a significant decline in bank stock prices, the Company conducted a quantitative interim goodwill impairment assessment at September 30, 2023. The impairment assessment compared the fair value of identified reporting units with their carrying amount (including goodwill). If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recognized in an amount equal to the excess. The Company's interim assessment estimated fair value on an income approach that incorporated a discounted cash flow model that involves management assumptions and consideration of future economic forecasts available. In addition, the Company completed a qualitative evaluation at the Company's annual impairment evaluation date of November 30, 2023. Results of the annual assessment indicated no goodwill impairment as of the dates of the assessment. The Company will continue to monitor its goodwill for possible impairment. The consolidated condensed statement of financial condition at December 31, 2023, was derived from the audited financial statements at that date, which were included in Premier’s Annual Report on Form 10-K for the year ended December 31, 2023 ("2023 Form 10-K"). The accompanying consolidated condensed financial statements as of March 31, 2024, and for the three months ended March 31, 2024 and 2023 have been prepared by the Company without audit and do not include information or footnotes necessary for the complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States (“GAAP”). These consolidated condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the 2023 Form 10-K. However, in the opinion of management, all adjustments, consisting of only normal recurring items, necessary for the fair presentation of the financial statements have been made. The results for the three months ended March 31, 2024 , are not necessarily indicative of the results that may be expected for the entire year.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Accounting Standards Update ("ASU") ASU No. 2023-06, Disclosure Improvements – Codification Amendments in Response to the Securities and Exchange Commission’s ("SEC") Disclosure Update and Simplification Initiative: On October 9, 2023, the Financial Accounting Standards Board (the "FASB") issued ASU 2023-06 “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative,” which incorporates 14 of the 27 disclosures referred by the SEC in Release No. 33-10532, “Disclosure Update and Simplification,” that was issued Aug. 17, 2018. The changes modify the disclosure or presentation requirements of a variety of topics including statement of cash flows, accounting changes and error corrections, earnings per share, interim reporting, commitments, debt, equity, derivatives and hedging, and secured borrowing and collateral. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment is the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. If the SEC has not removed the related disclosure from its regulations by June 30, 2027, the amendments will be removed from the codification and not become effective for any entity. This ASU is not expected to have a material effect on the Company’s consolidated financial statements. ASU No. 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures: On November 27, 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosure,” which requires public entities to disclose significant expense categories and amounts for each reportable segment, an amount for and description of the composition of “other segment items,” the title and position of the entity’s Chief Operating Decision Maker (the "CODM") and explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and – on an interim basis – certain segment-related disclosures that previously were required only on an annual basis. This ASU clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. This ASU is not expected to have a material effect on the Company’s consolidated financial statements. ASU No. 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures: On December 14, 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” to address requests for improved income tax disclosures from investors, lenders, creditors and other allocators of capital that use the financial statements to make capital allocation decisions. This ASU is intended to improve the transparency of tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction, in addition to certain other amendments intended to improve the effectiveness of income tax disclosures. For public business entities, this ASU is effective for annual periods beginning after December 15, 2024. For other entities, this ASU is effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU is not expected to have a material effect on the Company’s consolidated financial statements. SEC Final Rules Not Yet Adopted The Enhancement and Standardization of Climate-Related Disclosures for Investors: On March 6, 2024, the SEC approved the final rule for these disclosures, requiring registrants to provide information about climate-related risks that materially impact or are reasonably likely to materially impact a registrant's strategy, results of operations, or financial condition. The rule applies to all SEC reporting companies and may significantly increase reporting costs and complexities, including increased data collection and development of significant internal processes and controls. The final rule includes a phased-in compliance period, effective for the Company for the fiscal year ending December 31, 2025. On March 15, 2024, the U.S. Court of Appeals granted an administrative stay of the climate-related disclosure rules recently adopted by the SEC.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value	3. Fair Value FASB ASC Topic 820, Fair Value Measurement, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. FASB ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on the best information available. In that regard, FASB ASC Topic 820 established a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: • Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. • Level 2 : Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by a correlation or other means. • Level 3 : Unobservable inputs for the asset or liability and that are significant to the fair value of assets and liabilities (i.e., allowing for situations in which there is little or no market activity for the asset or liability at the measurement date). A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Available-for-sale securities – Securities classified as available for sale are generally reported at fair value utilizing Level 2 inputs where the Company obtains fair value measurements from an independent pricing service that uses matrix pricing, which 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 (Level 2 inputs). The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows and the bonds’ terms and conditions, among other things. Securities in Level 2 include U.S. federal government agencies, MBS, asset-backed securities ("ABS"), corporate bonds and municipal securities. Securities in Level 1 include U.S. treasuries. Equity securities – These securities are reported at fair value utilizing Level 1 inputs where the Company obtains fair value measurements from a broker. Loans held for sale, carried at fair value – The Company has elected the fair value option for all loans held for sale originated after January 31, 2020. The fair value of conventional loans held for sale is determined using the current 15-day forward contract price for either 15 or 30 year conventional mortgages (Level 2). The fair value of permanent construction loans held for sale is determined using the current 5-day forward contract price for 15 or 30 years conventional mortgages which is then adjusted for unobservable market data such as estimated fall out rates and estimated time from origination to completion of construction (Level 3). Collateral dependent loans – Fair values for individually analyzed collateral dependent loans are generally based on appraisals obtained from licensed real estate appraisers and in certain circumstances consideration of offers obtained to purchase properties prior to foreclosure. Appraisals for commercial real estate generally use three methods to derive value: cost, sales or market comparison and income approach. The cost method bases value on the cost to replace the current property. Value of market comparison approach evaluates the sales price of similar properties in the same market area. The income approach considers net operating income generated by the property and an investor’s required return. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Comparable sales adjustments are based on known sales prices of similar type and similar use properties and duration of time that the property has been on the market to sell. Such adjustments made in the appraisal process are typically significant and result in a Level 3 classification of the inputs for determining fair value. Real estate held for sale – Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are then reviewed monthly by members of the asset review committee for valuation changes and are accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which may utilize a single valuation approach or a combination of approaches including cost, comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments may be significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for both individually analyzed collateral-dependent loans and other real estate owned ("OREO") are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the Company’s asset quality or collections department reviews the assumptions and approaches utilized in the appraisal. Appraisal values are discounted from 0 % to 30 % to account for other factors that may impact the value of collateral. In determining the value of individually analyzed collateral dependent loans and OREO, significant unobservable inputs may be used, which include but are not limited to physical condition of comparable properties sold, net operating income generated by the property and investor rates of return. Mortgage servicing rights – On a quarterly basis, mortgage servicing rights are evaluated for impairment based upon the fair value of the rights as compared to the carrying amount. If the carrying amount of an individual tranche exceeds fair value, impairment is recorded on that tranche so that the servicing asset is carried at fair value. Fair value is determined at a tranche level based on a model that calculates the present value of estimated future net servicing income. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and are validated against available market data (Level 2). Mortgage banking derivative – The fair value of mortgage banking derivatives is evaluated monthly based on derivative valuation models using quoted prices for similar assets adjusted for specific attributes of the commitments and other observable market data at the valuation date (Level 2). Interest rate swaps – The Company periodically enters into interest rate swap agreements with its commercial customers who desire a fixed rate loan term that is longer than the Company is willing to extend. The Company then enters into a reciprocal swap agreement with a third party that offsets the interest rate risk from the interest rate swap extended to the customer. The interest rate swaps are derivative instruments which are carried at fair value on the statement of financial condition. The Company uses an independent third party to perform a market valuation analysis for both swap positions (Level 2). Cash flow and fair value hedge derivatives – The Company periodically enters into cash flow and fair value hedge derivative instruments to hedge the risk of variability in cash flows on the Company's floating rate loan pool, fixed rate mortgage loan pool and FHLB advances. The Company uses an independent third party to perform a market valuation analysis for these derivatives (Level 2). The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Recurring Basis March 31, 2024 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 113,804 $ — $ 113,804 Mortgage-backed securities — 165,940 — 165,940 Collateralized mortgage obligations — 244,776 — 244,776 Asset-backed securities — 177,064 — 177,064 Corporate bonds — 62,605 — 62,605 Obligations of state and political subdivisions — 201,756 — 201,756 US Treasuries 48,488 — — 48,488 Equity securities 5,736 — — 5,736 Loans held for sale, at fair value — 13,094 124,429 137,523 Interest rate swaps — 2,844 — 2,844 Mortgage banking derivatives - asset 256 256 Cash flow/fair value hedge derivatives — 3,767 — 3,767 Liabilities: Interest rate swaps — 2,838 — 2,838 Cash flow/fair value hedge derivatives — 39,109 — 39,109 December 31, 2023 Level 1 Level 2 Level 3 Total Fair (In Thousands) Assets: Available for sale securities: Obligations of U.S. government corporations and agencies $ — $ 101,598 $ — $ 101,598 Mortgage-backed securities — 156,508 — 156,508 Collateralized mortgage obligations — 235,767 — 235,767 Asset-backed securities — 136,980 — 136,980 Corporate bonds — 62,420 — 62,420 Obligations of states and political subdivisions — 204,258 — 204,258 US Treasuries 49,177 — — 49,177 Equity securities 5,773 — — 5,773 Loans held for sale, at fair value — 14,397 131,244 145,641 Interest rate swaps — 2,867 — 2,867 Cash flow / Fair value hedge derivatives — 299 — 299 Liabilities: Interest rate swaps — 2,867 — 2,867 Cash flow / Fair value hedge derivatives — 35,392 — 35,392 Mortgage banking derivatives - liability — 4,750 — 4,750 The following table presents a reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2024 and 2023 . There were no securities that were measured at Level 3 for the three months ended March 31, 2024 and 2023. Construction loans held for sale Three Months Ended 2024 2023 Balance of recurring Level 3 assets at beginning of period $ 131,244 $ 91,662 Total gains (losses) for the period Included in change in fair value of loans held for sale ( 357 ) 5,971 Originations 19,659 23,181 Sales ( 26,117 ) ( 23,534 ) Balance of recurring Level 3 assets at end of period $ 124,429 $ 97,280 For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2024 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 124,429 Adjusted secondary market pricing Adjustments 0.00 % - 0.20 % December 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 131,244 Adjusted secondary market pricing Adjustments 0.00 % - 0.0984 % The Company has elected the fair value option for new applications accepted after January 31, 2020, and subsequently originated for residential mortgage and permanent construction loans held for sale. These loans are intended for sale and the Company believes that fair value is the best indicator of the resolution of these loans. Interest income is recorded based on the contractual terms of the loan and in accordance with the Company’s policies. The aggregate fair value of the residential mortgage loans held for sale at March 31, 2024 and December 31, 2023 was $ 13.1 million and $ 14.4 million, respectively, and they had a contractual balance of $ 13.6 million and $ 14.7 million, respectively, for these same periods. The difference between the fair value and the contractual balance is recorded in gains and losses on the sale of loans held for sale. For the three months ended March 31, 2024 , $ 328,000 was recorded in losses on the sale of loans held for sale for the change in fair value. For the three months ended March 31, 2023 , $ 367,000 was recorded in gains on the sale of loans held for sale for the change in fair value. The aggregate fair value of the permanent construction loans held for sale at March 31, 2024 and December 31, 2023 , was $ 124.4 million and $ 131.2 million, respectively, and they had a contractual balance of $ 126.6 million and $ 133.1 million, respectively, for these same periods. The difference between the fair value and the contractual balance is recorded in gains and losses on the sale of loans held for sale. For the three months ended March 31, 2024 , $ 357,000 was recorded in losses on the sale of loans held for sale for the change in fair value. For the three months ended March 31, 2023 , $ 6.0 million was recorded in gains on the sale of loans held for sale for the change in fair value. The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Non-Recurring Basis March 31, 2024 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 11,335 $ 11,335 Commercial — — 4,593 4,593 Mortgage servicing rights $ — $ 2,641 $ — $ 2,641 December 31, 2023 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 3,425 $ 3,425 Commercial — — 6,164 6,164 Mortgage servicing rights $ — $ 2,744 $ — $ 2,744 For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 15,928 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 20 - 50 % 20.97 % 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: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 9,589 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 27.60 % Fair value of financial instruments Much of the information used to arrive at “fair value” is highly subjective and judgmental in nature and therefore the results may not be precise. Subjective factors include, among other things, estimated cash flows, risk characteristics and interest rates, all of which are subject to change. With the exception of investment securities, the Company’s financial instruments are not readily marketable and market prices do not exist. Since negotiated prices for the instruments, which are not readily marketable, depend greatly on the motivation of the buyer and seller, the amounts that will actually be realized or paid per settlement or maturity of these instruments could be significantly different. The carrying amount of cash and cash equivalents, as a result of their short-term nature, is considered to be equal to fair value and are classified as Level 1. It was not practicable to determine the fair value of FHLB stock due to restrictions placed on its transferability. The Company’s loans were valued on an individual basis, with consideration given to the loans’ underlying characteristics, including account types, remaining terms (in months), annual interest rates or coupons, interest types, past delinquencies, timing of principal and interest payments, current market rates, loss exposures, and remaining balances. The model utilizes a discounted cash flow (“DCF”) approach to estimate the fair value of the loans using assumptions for the coupon rates, remaining maturities, prepayment speeds, projected default probabilities, losses given defaults, and estimates of prevailing discount rates. The DCF approach models the credit losses directly in the projected cash flows. The model applies various assumptions regarding credit, interest, and prepayment risks for the loans based on loan types, payment types and fixed or variable classifications. The estimated fair value of individually analyzed loans is based on the fair value of the collateral, less estimated cost to sell, or the present value of the loan’s expected future cash flows (discounted at the loan’s effective interest rate). All individually analyzed loans are classified as Level 3 within the valuation hierarchy. The fair value of non-interest bearing deposits are considered equal to the amount payable on demand at the reporting date (i.e. carrying value) and are classified as Level 1. The fair value of savings, checking and certain money market accounts are equal to their carrying amounts and are a Level 1 classification. Fair values of fixed rate certificates of deposit are estimated using a DCF calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. The carrying value of notes payable, as a result of their short-term nature, is considered to be equal to fair value and are classified as Level 1. The carrying value of floating rate subordinated debentures was considered to be the carrying value as the debt is floating rate and can be prepaid at any time without penalty. The carrying value of fixed rate subordinated debt is estimated using a DCF calculation that applies interest rates currently being offered in the market to the expected maturity of the debt resulting in a Level 2 classification. FHLB advances with maturities greater than 90 days are valued based on a DCF analysis, using interest rates currently being quoted for similar characteristics and maturities resulting in a Level 2 classification. The cost or value of any call or put options is based on the estimated cost to settle the option at March 31, 2024. Subordinated Debt is valued utilizing the coupon rate, discount rate, weighted average life and duration. This debt is classified as Level 3. The carrying value and estimated fair values of financial instruments at March 31, 2024 and December 31, 2023, were as follows: Fair Value Measurements at March 31, 2024 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 89,681 $ 89,681 $ 89,681 $ — $ — Federal Home Loan Bank Stock 26,075 N/A N/A N/A N/A Loans receivable, net 6,617,066 6,122,388 — — 6,122,388 Accrued interest receivable 34,795 34,795 34,795 — — Financial Liabilities: Deposits $ 7,183,387 $ 7,169,903 $ 5,407,852 $ 1,762,051 $ — Advances from Federal Home Loan Bank 253,000 251,646 — 251,646 — Subordinated debentures 85,261 82,724 — — 82,724 Fair Value Measurements at December 31, 2023 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 114,756 $ 114,756 $ 114,756 $ — $ — Federal Home Loan Bank Stock 21,760 N/A N/A N/A N/A Loans receivable, net 6,662,875 6,100,394 — — 6,100,394 Accrued interest receivable 33,446 33,446 33,446 — — Financial Liabilities: Deposits $ 7,143,046 $ 7,099,593 $ 5,447,423 $ 1,652,170 $ — Advances from Federal Home Loan Bank 280,000 279,213 — 279,213 $ — Subordinated debentures 85,229 84,231 — — 84,231

Stock Compensation Plans

Stock Compensation Plans	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock Compensation Plans	4. Stock Compensation Plans Premier has established equity-based compensation plans for its directors and employees. On February 27, 2018, the Board adopted, and the shareholders approved at the 2018 Annual Shareholders Meeting, the Premier Financial Corp. 2018 Equity Incentive Plan (the “2018 Equity Plan”). The 2018 Equity Plan replaced all existing plans, although the Company’s former equity plans remain in existence to the extent there were outstanding grants thereunder at the time the 2018 Equity Plan was approved. In addition, as a result of the Company's merger (the "Merger") with United Community Federal Corp. ("UCFC"), Premier assumed certain outstanding stock options granted under UCFC’s Amended and Restated 2007 Long-Term Incentive Plan (the “UCFC 2007 Plan”) and UCFC’s 2015 Long Term Incentive Plan, which has since been renamed as the “Premier Financial Corp. 2015 Long Term Incentive Plan” (the “2015 Plan”). Premier also assumed the shares available for future issuance under the 2015 Plan as of the effective date of the Merger, with appropriate adjustments to the number of shares available to reflect the Merger. The stock options assumed from UCFC in the Merger remain subject to the terms of the 2015 Plan, but became exercisable solely to purchase shares of Premier, with appropriate adjustments to the number of shares subject to the assumed stock options and the exercise price of such stock options. Besides certain options previously issued under the First Defiance Financial Corp. 2010 Equity Incentive Plan, all awards currently outstanding are issued under the 2018 Equity Plan or the 2015 Plan. The 2018 Equity Plan and the 2015 Plan were each amended and restated in February 2022 to align certain administrative components of the plans in addition to enhancing certain governance components. New awards will be made under either the 2018 Equity Plan or the 2015 Plan as the Company determines. The 2018 Equity Plan allows for issuance of up to 900,000 common shares through the award of options, restricted stock, stock, stock appreciation rights, or other stock-based awards. The 2015 Plan allows for the issuance of up to 1.2 million common shares, as adjusted for the Merger, through the award of options, stock, restricted stock, stock units, stock appreciation rights, or performance stock awards. Beginning in 2023, directors were able to elect to receive stock in lieu of cash for their director fees. In the first three months of 2024 , the Company did no t issue any shares or recognize any expense for shares. In the first three months of 2023 , the Company recognized $ 6,000 in expense for 753 shares that were issued to directors in lieu of cash fees. The Company maintains Long-Term Equity Incentive Plans (each, an "LTIP") for select members of management (the "Executive LTIP") and a Key Employee and Commercial Lender Plan (the "Key Plan"). Under the Executive LTIP, participants may earn between 20 % to 50 % of their salary for potential payout in the form of (1) equity awards based on the achievement of certain corporate performance targets over a three-year period and (2) beginning in 2023, restricted stock awards (“RSAs”). The Company granted 82,737 performance stock units ("PSUs") to the participants under the Executive LTIP during the first three months of 2024 , which represents the maximum target award. The value of PSU awards issued in 2022, 2023 and 2024 under the Executive LTIP will be determined individually at the end of each respective 36 month performance period ending December 31. The benefits earned under these PSUs will be paid out in equity in the first quarter following the end of the performance period. The participants will receive all or a portion of the award if their employment is terminated by the Company without cause, by the participant in certain situations, or by death, disability or retirement of the participant. The RSAs issued under the Executive LTIP vest incrementally over three years, being fully vested upon the third anniversary of the grant date. The Company granted 28,702 RSAs under the Executive LTIP in the first quarter of 2024. The maximum amount of compensation expense that may be earned for the PSUs at March 31, 2024 is approximately $ 5.7 million in the aggregate. However, the estimated expense that is expected to be earned as of March 31, 2024 is $ 3.8 million, of which $ 2.8 million was unrecognized at March 31, 2024 , and will be recognized over the remaining performance periods. Expense of $ 176,000 was recorded during the three months ended March 31, 2024 , compared to a reduction in expense of $ 338,000 for the three months ended March 31, 2023. Beginning in 2022, under the Key Plan, the participants were granted RSAs based upon the achievement of certain targets in the prior year. Prior to 2022, restricted stock units ("RSUs") were issued to participants under the same plan. The participants can earn from 5 % to 10 % of their salary in RSAs or RSUs that vest three years from the date of grant. The Company granted 31,139 RSAs and 25,044 RSAs in the first quarter of 2024 and 2023, respectively, as a payout under the Key Plan. In the three months ended March 31, 2024 , the Company also granted 5,147 discretionary RSAs that vest over a three-year time period. Compensation expense is recognized over the performance or vesting period. Total expense of $ 518,000 was recorded during the three months ended March 31, 2024 , compared to expense of $ 444,000 for the three months ended March 31, 2023 . Approximately $ 690,000 and $ 1.9 million is included within other liabilities at March 31, 2024 and December 31, 2023, respectively, related to the cash portion of the Company's Short-Term Incentive Plans. The following table sets forth Premier's performance and restricted stock activity during the three months ended March 31, 2024: PSUs RSUs RSAs Unvested Shares Shares Weighted- Shares Weighted- Shares Weighted- Unvested at January 1, 2024 217,562 $ 28.75 18,625 $ 29.52 153,779 $ 25.49 Granted 82,737 19.43 — — 64,988 19.95 Vested ( 21,809 ) 30.35 ( 16,169 ) 28.95 ( 8,261 ) 24.78 Forfeited ( 52,221 ) 30.34 — — — — Unvested at March 31, 2024 226,269 $ 24.82 2,456 $ 32.26 210,506 $ 23.81 As of March 31, 2024 , 28,175 options to acquire Premier shares were outstanding at option prices based on the market value of the underlying shares on the date the options were granted. All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or one year after the retirement date. The fair value of each option award is estimated on the date of grant using the Black-Scholes model. Expected volatilities are based on historical volatilities of the Company’s common shares. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. There were no options granted during the three months ended March 31, 2024 and 2023. Following is stock option activity under the plans during the three months ended March 31, 2024: Options Weighted Weighted Aggregate Options outstanding, January 1, 2024 28,175 $ 23.18 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, March 31, 2024 28,175 $ 23.18 3.01 $ 24,668 Exercisable at March 31, 2024 28,175 $ 23.18 3.01 $ 24,668 As of March 31, 2024 , there was a de minimus amount of total unrecognized compensation costs related to unvested stock options granted under the Company’s equity plans. The cost is expected to be recognized over a weighted-average period of one month .

Dividends on Common Stock

Dividends on Common Stock	3 Months Ended
	Mar. 31, 2024
Dividends, Common Stock [Abstract]
Dividends on Common Stock	5. Dividends on Common Stock Premier declared and paid a $ 0.31 per common stock dividend in the first three months of 2024 and declared and paid a $ 0.31 per common stock dividend in the first three months of 2023 .

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Common Share	6. Earnings Per Common Share Basic earnings per share are calculated using the two-class method. The two-class method is an earnings allocation formula under which earnings per share is calculated from common stock and participating securities according to dividends declared and participation rights in undistributed earnings. Under this method, all earnings distributed and undistributed, are allocated to participating securities and common shares based on their respective rights to receive dividends. Unvested share-based payment awards that contain non-forfeitable rights to dividends are considered participating securities (i.e., unvested restricted stock), not subject to performance based measures. The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended 2024 2023 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 17,789 $ 18,149 Less: income allocated to participating securities 75 42 Net income allocated to common shareholders 17,714 18,107 Weighted average common shares outstanding including 35,772 35,649 Less: Participating securities 108 43 Average common shares 35,664 35,606 Basic earnings per common share $ 0.50 $ 0.51 Diluted Earnings Per Share: Net income allocated to common shareholders $ 17,714 $ 18,107 Weighted average common shares outstanding for basic earnings 35,664 35,606 Add: Dilutive effects of stock options and restricted stock units 107 113 Average shares and dilutive potential common shares 35,771 35,719 Diluted earnings per common share $ 0.50 $ 0.51 There were 53,416 shares for the three months ended March 31, 2024 that were excluded from the diluted earnings per common share calculation as they were anti-dilutive. There were 627 shares for the three months ended March 31, 2023 that were excluded from the dilutive earnings per common share calculation as they were anti-dilutive.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2024
Marketable Securities [Abstract]
Investment Securities	7. Investment Securities The following is a summary of available-for-sale securities: Amortized Gross Gross Fair Value (In Thousands) At March 31, 2024 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 133,335 $ 10 $ ( 19,541 ) $ 113,804 Mortgage-backed securities 197,658 24 ( 31,742 ) 165,940 Collateralized mortgage obligations 296,001 19 ( 51,244 ) 244,776 Asset-backed securities 181,617 290 ( 4,843 ) 177,064 Corporate bonds 71,010 — ( 8,405 ) 62,605 Obligations of state and political subdivisions 246,643 5 ( 44,892 ) 201,756 US Treasuries 55,669 — ( 7,181 ) 48,488 Total Available-for-Sale $ 1,181,933 $ 348 $ ( 167,848 ) $ 1,014,433 Amortized Gross Gross Fair Value (In Thousands) At December 31, 2023 Available-for-sale Obligations of U.S. government corporations and agencies $ 120,398 $ — $ ( 18,800 ) $ 101,598 Mortgage-backed securities 185,675 — ( 29,167 ) 156,508 Collateralized mortgage obligations 285,194 9 ( 49,436 ) 235,767 Asset-backed securities 142,215 270 ( 5,505 ) 136,980 Corporate bonds 71,092 — ( 8,672 ) 62,420 Obligations of state and political subdivisions 247,204 15 ( 42,961 ) 204,258 US Treasuries 55,732 — ( 6,555 ) 49,177 Total Available-for-Sale $ 1,107,510 $ 294 $ ( 161,096 ) $ 946,708 The amortized cost and fair value of the investment securities portfolio at March 31, 2024, are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity table, MBS, CMOs and ABS, which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. Available-for-Sale Amortized Fair Value (In Thousands) Due in one year or less $ 205 $ 205 Due after one year through five years 82,780 75,854 Due after five years through ten years 207,422 179,181 Due after ten years 216,250 171,413 MBS/CMO/ABS 675,276 587,780 $ 1,181,933 $ 1,014,433 Investment securities with a market value of $ 621.6 million and $ 638.2 million at March 31, 2024 and December 31, 2023, respectively, were pledged as collateral. The following tables summarize Premier’s securities that were in an unrealized loss position at March 31, 2024 and December 31, 2023: Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At March 31, 2024 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 7,132 $ ( 6 ) $ 96,680 $ ( 19,535 ) $ 103,812 $ ( 19,541 ) Mortgage-backed securities 12,963 ( 54 ) 150,635 ( 31,688 ) 163,598 ( 31,742 ) Collateralized mortgage obligations 12,222 ( 80 ) 223,518 ( 51,164 ) 235,740 ( 51,244 ) Asset-backed securities 27,511 ( 57 ) 85,749 ( 4,786 ) 113,260 ( 4,843 ) Corporate bonds — — 62,605 ( 8,405 ) 62,605 ( 8,405 ) Obligations of state and political subdivisions 8,485 ( 89 ) 191,346 ( 44,803 ) 199,831 ( 44,892 ) US Treasuries — 48,488 ( 7,181 ) 48,488 ( 7,181 ) Total available-for-sale $ 68,313 $ ( 286 ) $ 859,021 $ ( 167,562 ) $ 927,334 $ ( 167,848 ) Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At December 31, 2023 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 3,986 $ ( 9 ) $ 97,612 $ ( 18,791 ) $ 101,598 $ ( 18,800 ) Mortgage-backed securities-residential — — 156,508 ( 29,167 ) 156,508 ( 29,167 ) Collateralized mortgage obligations — — 229,659 ( 49,436 ) 229,659 ( 49,436 ) Asset-backed securities — — 113,444 ( 5,505 ) 113,444 ( 5,505 ) Corporate bonds — — 62,420 ( 8,672 ) 62,420 ( 8,672 ) Obligations of state and political subdivisions 10,595 ( 111 ) 188,896 ( 42,850 ) 199,491 ( 42,961 ) US Treasuries — — 49,177 ( 6,555 ) 49,177 ( 6,555 ) Total available-for-sale $ 14,581 $ ( 120 ) $ 897,716 $ ( 160,976 ) $ 912,297 $ ( 161,096 ) The Company had no realized gains or losses from the sale of available-for-sale securities in the three months ended March 31, 2024. For the three months ended March 31, 2023 , the Company had $ 34,000 in realized gains from the sale of investment securities. It is expected that the securities would not be settled at less than the amortized cost of the Company's investment because the decline in fair value is attributable to changes in interest rates and relative spreads and not credit quality. Management does not intend to sell these investments and it is not expected that the Company will be required to sell the investments before recovery of its amortized cost basis. Quarterly, the Company evaluates if any security has a fair value less than its amortized cost. Once these securities are identified, in order to determine whether a decline in fair value resulted from a credit loss or other factors, the Company performs further analysis as outlined below: • Review the extent to which the fair value is less than the amortized cost and observe the security’s lowest credit rating as reported by third-party credit ratings companies. • Any security that has a loss rate greater than 3 %, credit rating below investment grade or not rated by a third-party credit ratings company would be subjected to additional analysis that may include, but is not limited to: changes in market interest rates, changes in securities credit ratings, security type, service area economic factors, financial performance of the issuer/or obligor of the underlying issue and third-party guarantee. • If the Company determines that a credit loss exists, the credit portion of the allowance will be measured using a DCF analysis using the effective interest rate as of the security’s purchase date. The amount of credit loss the Company records will be limited to the amount by which the amortized cost exceeds the fair value. As of March 31, 2024, management determined that no credit loss exists and that the unrealized losses are due to the increased interest rate environment. At March 31, 2024 and December 31, 2023 , the Company held preferred and common stock of various bank holding companies totaling $ 5.7 million and $ 5.8 million, respectively. During the three months ended March 31, 2024 , a realized loss of $ 37,000 was recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income. During the three months ended March 31, 2023 , a realized loss of $ 1.4 million was recorded within gain (loss) on equity securities on the Consolidated Condensed Statements of Income.

Loans

Loans	3 Months Ended
	Mar. 31, 2024
Loans and Leases Receivable, Net Amount [Abstract]
Loans	8. Loans Loan segments have been identified by evaluating the portfolio based on collateral and credit risk characteristics. Loans receivable consist of the following: March 31, December 31, (In Thousands) Real Estate: Residential $ 1,816,416 $ 1,810,265 Commercial 2,830,086 2,839,905 Construction 759,226 838,823 5,405,728 5,488,993 Other Loans: Commercial 1,031,037 1,056,803 Home equity and improvement 265,362 267,960 Consumer finance 187,664 193,830 1,484,063 1,518,593 Loans before deferred loan origination fees and costs 6,889,791 7,007,586 Deduct: Undisbursed construction loan funds ( 208,923 ) ( 281,466 ) Net deferred loan origination fees and costs 12,877 13,267 Allowance for credit losses ( 76,679 ) ( 76,512 ) Total loans $ 6,617,066 $ 6,662,875 The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2024 and December 31, 2023 (in thousands): March 31, 2024 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ — $ — $ — $ — $ — Commercial 7,256 — — — 7,256 Construction — — — — — Other Loans: Commercial 923 11,104 3,733 73 15,833 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 8,179 $ 11,104 $ 3,733 $ 73 $ 23,089 December 31, 2023 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ — $ — $ — $ — $ — Commercial 6,407 — — — 6,407 Construction — — — — — Other Loans: Commercial 1,297 8,781 2,309 705 13,092 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 7,704 $ 8,781 $ 2,309 $ 705 $ 19,499 Non-performing loans include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually analyzed loans. All loans 90 days and greater past due are placed on non-accrual status. The following table presents the current balance of the non-performing loans as of the dates indicated: As of March 31, 2024 Non-accrual with no allocated allowance for credit losses Non-accrual with allocated allowance for credit losses Loans past due over 90 days still accruing Residential real estate $ 520 $ 10,690 $ — Commercial real estate 1,449 5,669 — Construction — — — Commercial 2,924 9,597 — Home equity and improvement — 1,847 — Consumer finance — 3,483 — Purchase credit deteriorated ("PCD") 885 1,967 Total $ 5,778 $ 33,253 $ — As of December 31, 2023 Non-accrual with no allocated allowance for credit losses Non-accrual with allocated allowance for credit losses Loans past due over 90 days still accruing Residential real estate $ 572 $ 12,456 $ — Commercial real estate 196 5,775 — Construction — — — Commercial 150 8,499 — Home equity and improvement — 1,417 — Consumer finance — 3,433 — PCD — 2,993 Total $ 918 $ 34,573 $ — The following table presents the aging of the amortized cost in past due and non-accrual loans as of March 31, 2024, by class of loans (in thousands): Class Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,797,600 $ 300 $ 5,336 $ 9,432 $ 15,068 $ 11,210 Commercial 2,830,522 406 677 1,165 2,248 7,118 Construction 550,303 — — — — — Other Loans: Commercial 1,019,317 4,428 12 3,316 7,756 12,521 Home equity and improvement 260,184 2,245 203 1,265 3,713 1,847 Consumer finance 182,408 3,187 1,237 2,998 7,422 3,483 PCD 13,902 227 661 2,414 3,302 2,852 Total Loans $ 6,654,236 $ 10,793 $ 8,126 $ 20,590 $ 39,509 $ 39,031 The following table presents the aging of the recorded investment in past due and non-accrual loans as of December 31, 2023, by class of loans (in thousands): Class Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,786,537 $ 152 $ 8,302 $ 11,216 $ 19,670 $ 13,028 Commercial 2,841,209 163 312 1,275 1,750 5,971 Construction 557,249 — 108 — 108 — Other Loans: Commercial 1,051,034 191 2,446 1,132 3,769 8,649 Home equity and improvement 262,404 2,084 635 958 3,677 1,417 Consumer finance 187,624 3,699 1,681 3,003 8,383 3,433 PCD 11,922 211 1,271 2,569 4,051 2,993 Total Loans $ 6,697,979 $ 6,500 $ 14,755 $ 20,153 $ 41,408 $ 35,491 Loan Modifications As of January 1, 2023, the Company adopted the modified retrospective method under ASU 2022-02, "Trouble Debt Restructurings and Vintage Disclosures" which eliminated trouble debt restructuring accounting for entities that have adopted ASU 2016-13, the current expected credit losses model. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the loan is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of amortized cost basis and a corresponding adjustments to the allowance for credit losses. 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, such as principal forgiveness or reduction of rate, may be granted. Of the loans modified as of March 31, 2024 , $ 7.0 million were on non-accrual status and partial charge-offs have in some cases been taken against the outstanding balance. The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each loan upon loan origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of loans to borrowers experiencing financial difficulty. The Company uses probability of default/loss given default, discounted cash flows or remaining life method to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. The following table shows the amortized cost basis at the end of the reporting period of the loans modified to borrowers experiencing financial difficulty, disaggregated by loan category and type of modification granted during the three months ended March 31, 2024 . The percentage of the amortized cost basis of loans that were modified to borrowers experiencing financial difficulty as compared to the amortized cost basis of each class of loan category is also presented below: Loans Modifications Made to Borrowers Experiencing Financial Difficulty Three Months Ended March 31, 2024 (Dollars in Thousands) Term Extension Loan Type Amortized Cost Basis Percent of total loans by Real Estate: Residential $ — — Commercial 352 0.01 % Construction — — Other Loans: Commercial 7,758 0.75 % Home equity and improvement — — Consumer finance — — Total $ 8,110 The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Loan Type Financial Effect Real Estate: Commercial -Term extended 6 months Other Loans: Commercial -Demand Line termed out to 10 year term 5 year term 5 months -Demand Line termed out to 192 months 189 months Rate Reduction Loan Type Financial Effect Other Loans: Commercial -Interest rate reduction 10.5 % to 8.5 % 11 % (tied to prime) to 8.25 % fixed 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 allowance for credit losses is adjusted by the same amount. There were no modification loans that had a payment default during the quarter ended March 31, 2024 and were modified in the twelve months prior to that default to borrowers experiencing financial difficulty. The Company closely monitors the performance of the loans that were modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. Five of the modified loans are current and three modified loans pertaining to two commercial relationships are on nonaccrual status as of March 31, 2024. Credit Quality Indicators Loans are categorized into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. Loans are analyzed individually by classifying the loans by credit risk. This analysis includes all non-homogeneous loans, such as commercial and commercial real estate loans and certain homogeneous mortgages, home equity and consumer loans. This analysis is performed on a quarterly basis. Premier uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. As of March 31, 2024, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,799,974 $ 487 $ 12,207 $ — $ 12,207 $ 1,812,668 Commercial 2,753,838 53,456 25,476 — 25,476 2,832,770 Construction 542,803 7,500 — — — 550,303 Other Loans: Commercial 945,021 32,487 49,565 — 49,565 1,027,073 Home equity and improvement 262,046 — 1,851 — 1,851 263,897 Consumer finance 186,543 — 3,287 — 3,287 189,830 PCD 12,006 2,485 2,713 — 2,713 17,204 Total Loans (1) $ 6,502,231 $ 96,415 $ 95,099 $ — $ 95,099 $ 6,693,745 (1) Total loans are net of undisbursed funds and deferred fees and costs. As of December 31, 2023, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,791,663 $ 594 $ 13,950 $ — $ 13,950 $ 1,806,207 Commercial 2,765,898 50,784 26,277 — 26,277 2,842,959 Construction 549,867 7,490 — — — 557,357 Other Loans: Commercial 975,233 57,634 21,936 — 21,936 1,054,803 Home equity and improvement 264,663 — 1,418 — 1,418 266,081 Consumer finance 192,774 — 3,233 — 3,233 196,007 PCD 12,899 197 2,877 — 2,877 15,973 Total Loans (1) $ 6,552,997 $ 116,699 $ 69,691 $ — $ 69,691 $ 6,739,387 (1) Total loans are net undisbursed loan funds and deferred fees and costs The following tables present the amortized cost basis of loans by credit quality indicator and class of loans as of March 31, 2024 and December 31, 2023 (in thousands). Term of loans by origination 2024 2023 2022 2021 2020 Prior Revolving Loans Total As of March 31, 2024 Real Estate Residential: Current-period gross charge-offs $ — $ — $ 14 $ 21 $ 6 $ 20 $ — $ 61 Risk Rating Unclassified $ 24,361 $ 52,282 $ 633,439 $ 419,394 $ 297,589 $ 371,037 $ 1,872 $ 1,799,974 Special Mention — — — — 167 320 — 487 Substandard — 521 1,864 2,501 1,809 5,512 — 12,207 Doubtful — — — — — — — — Total $ 24,361 $ 52,803 $ 635,303 $ 421,895 $ 299,565 $ 376,869 $ 1,872 $ 1,812,668 Commercial: Current-period gross charge-offs $ — $ — $ — $ 13 $ — $ — $ — $ 13 Risk Rating Unclassified $ 25,150 $ 181,078 $ 636,688 $ 511,429 $ 457,970 $ 923,289 $ 18,234 $ 2,753,838 Special Mention — 472 10,785 28,543 3,292 9,722 642 53,456 Substandard — — 742 3,460 221 21,000 53 25,476 Doubtful — — — — — — — — Total $ 25,150 $ 181,550 $ 648,215 $ 543,432 $ 461,483 $ 954,011 $ 18,929 $ 2,832,770 Construction: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Risk Rating Unclassified $ 3,178 $ 61,874 $ 316,658 $ 127,431 $ 32,458 $ 1,204 $ — $ 542,803 Special Mention — — 7,500 — — — — 7,500 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 3,178 $ 61,874 $ 324,158 $ 127,431 $ 32,458 $ 1,204 $ — $ 550,303 Other Loans Commercial: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ 59 $ 59 Risk Rating Unclassified $ 22,699 $ 112,043 $ 234,679 $ 139,766 $ 47,047 $ 49,932 $ 338,855 $ 945,021 Special Mention 72 1,912 3,961 12,232 531 3,880 9,899 32,487 Substandard — 7,461 1,833 12,410 10,218 3,940 13,703 49,565 Doubtful — — — — — — — — Total $ 22,771 $ 121,416 $ 240,473 $ 164,408 $ 57,796 $ 57,752 $ 362,457 $ 1,027,073 Home equity and Improvement: Current-period gross charge-offs $ — $ — $ — $ 1 $ — $ — $ 80 $ 81 Risk Rating Unclassified $ 2,793 $ 18,446 $ 23,796 $ 17,419 $ 4,261 $ 28,025 $ 167,306 $ 262,046 Special Mention — — — — — — — — Substandard — — 84 — — 381 1,386 1,851 Doubtful — — — — — — — — Total $ 2,793 $ 18,446 $ 23,880 $ 17,419 $ 4,261 $ 28,406 $ 168,692 $ 263,897 Consumer Finance: Current-period gross charge-offs $ — $ 66 $ 226 $ 100 $ 18 $ 27 $ — $ 437 Risk Rating Unclassified $ 13,052 $ 39,834 $ 90,705 $ 20,219 $ 9,925 $ 7,300 $ 5,508 $ 186,543 Special Mention — — — — — — — — Substandard — 344 1,451 569 369 351 203 3,287 Doubtful — — — — — — — — Total $ 13,052 $ 40,178 $ 92,156 $ 20,788 $ 10,294 $ 7,651 $ 5,711 $ 189,830 PCD: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 52 $ — $ 52 Risk Rating Unclassified $ — $ — $ — $ — $ — $ 11,494 $ 512 $ 12,006 Special Mention — — — — — 174 2,311 2,485 Substandard — — — — — 2,713 — 2,713 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 14,381 $ 2,823 $ 17,204 Term of loans by origination 2023 2022 2021 2020 2019 Prior Revolving Loans Total As of December 31, 2023 Real Estate Residential: Current-period gross charge-offs $ — $ 3 $ 218 $ — $ 6 $ 93 $ — $ 320 Risk Rating Unclassified $ 46,218 $ 625,993 $ 430,801 $ 305,077 $ 86,103 $ 296,317 $ 1,154 $ 1,791,663 Special Mention — — — 170 33 391 — 594 Substandard 431 2,757 2,267 2,061 1,031 5,403 — 13,950 Doubtful — — — — — — — — Total $ 46,649 $ 628,750 $ 433,068 $ 307,308 $ 87,167 $ 302,111 $ 1,154 $ 1,806,207 Commercial: Current-period gross charge-offs $ — $ — $ — $ 274 $ 399 $ 1,632 $ 14 $ 2,319 Risk Rating Unclassified $ 187,446 $ 619,860 $ 516,527 $ 470,751 $ 305,114 $ 647,079 $ 19,121 $ 2,765,898 Special Mention — 10,361 28,743 3,324 83 8,124 149 50,784 Substandard — 732 3,489 232 1,751 20,043 30 26,277 Doubtful — — — — — — — — Total $ 187,446 $ 630,953 $ 548,759 $ 474,307 $ 306,948 $ 675,246 $ 19,300 $ 2,842,959 Construction: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Risk Rating Unclassified $ 51,807 $ 322,097 $ 125,035 $ 44,114 $ 6,814 $ — $ — $ 549,867 Special Mention — 7,490 — — — — — 7,490 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 51,807 $ 329,587 $ 125,035 $ 44,114 $ 6,814 $ — $ — $ 557,357 Other Loans Commercial: Current-period gross charge-offs $ — $ 57 $ — $ 1 $ 498 $ 65 $ 1,713 $ 2,334 Risk Rating Unclassified $ 121,527 $ 248,455 $ 148,220 $ 50,554 $ 28,427 $ 26,799 $ 351,251 $ 975,233 Special Mention 9,551 2,475 14,625 10,670 1,607 3,805 14,901 57,634 Substandard — 929 11,205 767 991 1,170 6,874 21,936 Doubtful — — — — — — — — Total $ 131,078 $ 251,859 $ 174,050 $ 61,991 $ 31,025 $ 31,774 $ 373,026 $ 1,054,803 Home equity and Improvement: Current-period gross charge-offs $ — $ — $ — $ — $ 7 $ 30 $ 123 $ 160 Risk Rating Unclassified $ 19,554 $ 24,870 $ 18,061 $ 4,405 $ 2,935 $ 26,904 $ 167,934 $ 264,663 Special Mention — — — — — — — — Substandard — 119 14 — — 255 1,030 1,418 Doubtful — — — — — — — — Total $ 19,554 $ 24,989 $ 18,075 $ 4,405 $ 2,935 $ 27,159 $ 168,964 $ 266,081 Consumer Finance: Current-period gross charge-offs $ — $ 437 $ 260 $ 185 $ 95 $ 450 $ 51 $ 1,478 Risk Rating Unclassified $ 44,735 $ 98,287 $ 22,588 $ 11,067 $ 7,337 $ 1,706 $ 7,054 $ 192,774 Special Mention — — — — — — — — Substandard 282 1,476 593 505 281 93 3 3,233 Doubtful — — — — — — — — Total $ 45,017 $ 99,763 $ 23,181 $ 11,572 $ 7,618 $ 1,799 $ 7,057 $ 196,007 PCD: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 122 $ 31 $ 153 Risk Rating Unclassified $ — $ — $ — $ — $ 114 $ 12,264 $ 521 $ 12,899 Special Mention — — — — — 197 — 197 Substandard — — — — — 2,562 315 2,877 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ 114 $ 15,023 $ 836 $ 15,973 Allowance for Credit Losses The Company has adopted ASU 2016-13 (Topic 326 – Credit Losses) to calculate the allowance for credit loss ("ACL"), which requires a projection of credit loss over the contract lifetime of the credit adjusted for prepayment tendencies. This valuation account is deducted from the loans amortized cost basis to present the net amount expected to be collected on the loan. The ACL is adjusted through the provision for credit losses and reduced by net charge offs of loans. The credit loss estimation process involves procedures that consider the unique characteristics of the Company’s portfolio segments. These segments are further disaggregated into the loan pools for monitoring. When computing allowance levels, a model of risk characteristics, such as loss history and delinquency status, along with current conditions and a supportable forecast is used to determine credit loss assumptions. The Company is generally utilizing two methodologies to analyze loan pools, DCF and probability of default/loss given default (“PD/LGD”). A default can be triggered by one of several different asset quality factors including past due status, non-accrual status, modification status or if the loan has had a charge-off. The PD/LGD utilizes charge off data from the Federal Financial Institutions Examination Council to construct a default rate. This default rate is further segmented based on the risk of the credit assigning a higher default rate to riskier credits. The DCF methodology was selected as the most appropriate for loan segments with longer average lives and regular payment structures. The DCF model has two key components, the loss driver analysis combined with a cash flow analysis. The contractual cash flow is adjusted for PD/LGD and prepayment speed to establish a reserve level. The prepayment studies are updated quarterly by a third-party for each applicable pool. The Company estimates losses over an approximate one-year forecast period using Moody’s baseline economic forecasts, and then reverts to longer term historical loss experience over a three-year period. The remaining life method was selected for the consumer direct loan segment since the pool contains loans with many different structures and payment streams and collateral. The weighted average remaining life uses an average annual charge-off rate applied to the contractual term, further adjusted for estimated prepayments to determine the unadjusted historical charge-off rate for the remaining balance of assets. Portfolio Segments Loan Pool Methodology Loss Drivers Residential real estate 1-4 Family nonowner occupied DCF National unemployment 1-4 Family owner occupied DCF National unemployment Commercial real estate Commercial real estate nonowner occupied DCF National unemployment Commercial real estate owner occupied DCF National unemployment Multi Family DCF National unemployment Agriculture Land DCF National unemployment Other commercial real estate DCF National unemployment Construction secured by real estate Construction Other PD/LGD Call report loss history Construction Residential PD/LGD Call report loss history Commercial Commercial working capital PD/LGD Call report loss history Agriculture production PD/LGD Call report loss history Other commercial PD/LGD Call report loss history Home equity and improvement Home equity and improvement PD/LGD Call report loss history Consumer finance Consumer direct Remaining life Call report loss history Consumer indirect DCF National unemployment According to the accounting standard, an entity may make an accounting policy election not to measure an ACL for accrued interest receivable if the entity writes off the applicable accrued interest receivable balance in a timely manner. The Company has made the accounting policy election not to measure an ACL for accrued interest receivables for all loan segments. Current policy dictates that a loan will be placed on nonaccrual status, with the current accrued interest receivable balance being written off, upon the loan being 90 days delinquent or when the loan is deemed to be collateral dependent and the collateral analysis shows less than 1.2 times discounted collateral coverage based on a current assessment of the value of the collateral. In addition, ASC Topic 326 requires the Company to establish a liability for anticipated credit losses for unfunded commitments. To accomplish this, the Company must first establish a loss expectation for extended (funded) commitments. This loss expectation, expressed as a ratio to the amortized cost basis, is then applied to the portion of unfunded commitments not considered unilaterally cancelable and is considered by the Company’s management as likely to fund over the life of the instrument. At March 31, 2024 , the Company had $ 1.3 billion in unfunded commitments and set aside $ 3.6 million in anticipated credit losses. This reserve is recorded in other liabilities as opposed to the ACL. The determination of ACL is complex and the Company makes decisions on the effects of matters that are inherently uncertain. Evaluations of the loan portfolio and individual credits require certain estimates, assumptions and judgments as to the facts and circumstances related to particular situations or credits. There may be significant changes in the ACL in future periods determined by prevailing factors at that point in time along with future forecasts. The following table discloses ACL activity for the three months ended March 31, 2024 and 2023 by portfolio segment (in thousands): Three Months Ended March 31, 2024 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 17,215 $ 36,053 $ 3,159 $ 15,489 $ 2,703 $ 1,893 $ 76,512 Charge-Offs ( 61 ) ( 13 ) — ( 82 ) ( 81 ) ( 466 ) ( 703 ) Recoveries 9 7 — 216 14 64 310 Provisions 3,047 ( 2,907 ) ( 815 ) 254 228 753 560 Ending Allowance $ 20,210 $ 33,140 $ 2,344 $ 15,877 $ 2,864 $ 2,244 $ 76,679 Three Months Ended March 31, 2023 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 16,711 $ 34,218 $ 4,025 $ 11,769 $ 4,044 $ 2,049 $ 72,816 Charge-Offs ( 5 ) ( 1,669 ) — ( 511 ) ( 79 ) ( 449 ) ( 2,713 ) Recoveries 22 12 — 96 21 75 226 Provisions 1,501 1,270 ( 143 ) 1,171 ( 332 ) 477 3,944 Ending Allowance $ 18,229 $ 33,831 $ 3,882 $ 12,525 $ 3,654 $ 2,152 $ 74,273 Purchased Credit Deteriorated Loans Under ASU Topic 326, when loans are purchased with evidence of more than insignificant deterioration of credit, they are accounted for as PCD. PCD loans acquired in a transaction are marked to fair value and a mark on yield is recorded. In addition, an adjustment is made to the ACL for the expected loss on the acquisition date. These loans are assessed on a regular basis and subsequent adjustments to the ACL are recorded on the income statement. The outstanding balance and related allowance on these loans as of March 31, 2024 and December 31, 2023 is as follows (in thousands): As of March 31, 2024 As of December 31, 2023 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 9,692 $ 143 $ 9,882 $ 126 Commercial 1,947 46 2,040 50 Construction — — — — 11,639 189 11,922 176 Other Loans: Commercial 3,937 244 1,968 351 Home equity and improvement 1,465 27 1,879 54 Consumer finance 163 6 204 5 5,565 277 4,051 410 Total $ 17,204 $ 466 $ 15,973 $ 586 Foreclosure Proceedings Consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure totale d $ 12.1 million as of March 31, 2024 , and $ 7.9 million as of December 31, 2023 .

Mortgage Banking

Mortgage Banking	3 Months Ended
	Mar. 31, 2024
Mortgage Banking [Abstract]
Mortgage Banking	9. Mortgage Banking Net revenues from the sales and servicing of mortgage loans consisted of the following: Three Months Ended 2024 2023 (In Thousands) Mortgage banking gain (loss), net $ 1,283 $ ( 837 ) Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,842 1,888 Amortization of mortgage servicing rights ( 1,238 ) ( 1,219 ) Mortgage servicing rights valuation adjustments 463 ( 106 ) 1,067 563 Net revenue (expense) from sale and servicing of mortgage loans $ 2,350 $ ( 274 ) The unpaid principal balance of residential mortgage loans serviced for third parties was $ 2.89 billion at both March 31, 2024 and December 31, 2023. Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2024 and 2023: Three Months Ended 2024 2023 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 19,452 $ 21,858 Loans sold, servicing retained 707 808 Amortization ( 1,238 ) ( 1,219 ) Carrying value before valuation allowance at end of period 18,921 21,447 Valuation allowance: Balance at beginning of period ( 756 ) ( 687 ) Impairment recovery (charges) 463 ( 106 ) Balance at end of period ( 293 ) ( 793 ) Net carrying value of MSRs at end of period $ 18,628 $ 20,654 Fair value of MSRs at end of period $ 27,599 $ 28,165 Amortization of mortgage servicing rights is computed based on payments and payoffs of the related mortgage loans serviced. Estimates of future amortization expense are not easily estimable. The Company had no accrual for secondary market buy-back activity at March 31, 2024 or December 31, 2023 based on management’s estimate of potential losses from this activity. There was no expense or credit recognized in the three months ended March 31, 2024 and 2023 .

Leases

Leases	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases	10. Leases The Company’s lease agreements have maturity dates ranging from April 2024 to September 2044, some of which include options for multiple five and ten year extensions . The weighted average remaining life of the lease term for operating leases was 12.79 years as of March 31, 2024 and 13.27 years as of December 31, 2023 . The weighted average remaining life of the lease term for finance leases was 6.74 years as of March 31, 2024 and 6.87 years as of December 31, 2023 . The weighted average discount rate for operating leases was 2.66 % as of March 31, 2024 and 2.58 % as of December 31, 2023 . The weighted average discount rate for finance leases was 4.71 % as of March 31, 2024 and 4.81 % as of December 31, 2023. The total operating lease costs were $ 610,000 for the three months ended March 31, 2024 and $ 681,000 for the three months ended March 31, 2023 , respectively. The right-of-use asset , included in other assets, were $ 14.0 million and $ 13.5 million at March 31, 2024 and December 31, 2023 , respectively. The lease liabilities, included in other liabilities , were $ 14.4 million and $ 13.9 million as of March 31, 2024 and December 31, 2023, respectively. Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (In Thousands) March 31, 2024 Remainder of 2024 $ 1,893 2025 1,593 2026 1,348 2027 1,270 2028 1,126 Thereafter 9,637 Total undiscounted minimum lease payments 16,867 Present value adjustment ( 2,418 ) Total lease liabilities $ 14,449

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Deposits	11. Deposits A summary of deposit balances is as follows: March 31, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,467,161 $ 1,591,979 Interest-bearing checking and money market accounts 3,284,200 3,177,369 Savings deposits 656,491 678,076 Retail certificates of deposit less than $250,000 851,361 827,479 Retail certificates of deposit greater than $250,000 555,392 526,199 Brokered deposits 368,782 341,944 $ 7,183,387 $ 7,143,046

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Subordinated Borrowings [Abstract]
Borrowings	12. Borrowings The Company's FHLB advances and junior subordinated debentures owed to unconsolidated subsidiary trusts and subordinated debentures are comprised of the following: March 31, 2024 December 31, 2023 (In Thousands) FHLB Advances: Single maturity fixed rate advances $ 125,000 $ 125,000 Overnight advances 128,000 155,000 Total $ 253,000 $ 280,000 First Defiance Statutory Trust I due December 2035 $ 20,619 $ 20,619 First Defiance Statutory Trust II due June 2037 15,464 15,464 Junior subordinated debentures owed to unconsolidated subsidiary trusts $ 36,083 $ 36,083 Subordinated debentures $ 49,178 $ 49,146 At March 31, 2024 , the Company had $ 253.0 million of outstanding FHLB advances with maturity dates in 2024 . There was $ 280.0 million in outstanding FHLB advances at December 31, 2023 with maturity dates in 2024 . The Company's available borrowing capacity at the FHLB was $ 1.4 billion as of March 31, 2024 and $ 2.0 billion as of December 31, 2023 , respectively. The Company has an available credit line at the Federal Reserve Bank Discount Window of $ 691.0 million and $ 531.5 million as of March 31, 2024 and December 31, 2023 , respectively, which has not been drawn upon. The Company also has a $ 50.0 million credit line at US Bank as of March 31, 2024 and December 31, 2023, respectively, which also was not drawn upon. In September 2020, the Company completed the issuance of $ 50.0 million aggregate principal amount, fixed-to-floating rate subordinated notes due September 30, 2030 in a private offering exempt from the registration requirements under the Securities Act of 1933, as amended. The notes carry a fixed rate of 4.0 % for five years at which time they will convert to a floating rate based on the secured overnight borrowing rate, plus a spread of 388.5 basis points. The Company may, at its option, beginning September 30, 2025, redeem the notes, in whole or in part, from time to time, subject to certain conditions. The net proceeds from the sale were approximately $ 48.7 million, after deducting the estimated offering expenses. The Company has used, and intends to continue using, the net proceeds for general corporate purposes, which may include, without limitation, providing capital to support its growth organically or through strategic acquisitions, repaying indebtedness, in financing investments, capital expenditures, repurchasing its common shares and for investments in the Bank as regulatory capital. The subordinated debentures are included in "Total Capital", as such term is defined under current regulatory guidelines and interpretations. In March 2007, the Company sponsored an affiliated trust, First Defiance Statutory Trust II (“Trust Affiliate II”) that issued $ 15.0 million of Guaranteed Capital Trust Securities (“Trust Preferred Securities”). In connection with this transaction, the Company issued $ 15.5 million of Junior Subordinated Deferrable Interest Debentures ("Subordinated Debentures") to Trust Affiliate II. The Company formed Trust Affiliate II for the purpose of issuing Trust Preferred Securities to third-party investors and investing the proceeds from the sale of these capital securities solely in Subordinated Debentures of the Company. The Subordinated Debentures held by Trust Affiliate II are the sole assets of that trust. The Company is not considered the primary beneficiary of Trust Affiliate II (variable interest entity), therefore, the trust is not consolidated in the Company’s financial statements, but rather the Subordinated Debentures are shown as a liability. Distributions on the Trust Preferred Securities issued by Trust Affiliate II are payable quarterly at a variable rate equal to the three-month SOFR rate plus 1.5 % . The coupon rate payable on the Trust Preferred Securities issued by Trust Affiliate II was 7.09 % as of March 31, 2024 , and 7.15 % as of December 31, 2023. The Trust Preferred Securities issued by Trust Affiliate II are subject to mandatory redemption, in whole or part, upon repayment of the Subordinated Debentures. The Company has entered into an agreement that fully and unconditionally guarantees the Trust Preferred Securities subject to the terms of the guarantee. The Trust Preferred Securities and Subordinated Debentures mature on September 15, 2037, but can be redeemed at the Company’s option at any time. The Company also sponsored an affiliated trust, First Defiance Statutory Trust I (“Trust Affiliate I”) that issued $ 20.0 million of Trust Preferred Securities in 2005. In connection with this transaction, the Company issued $ 20.6 million of Subordinated Debentures to Trust Affiliate I. Trust Affiliate I was formed for the purpose of issuing Trust Preferred Securities to third-party investors and investing the proceeds from the sale of these capital securities solely in Subordinated Debentures of the Company. The Junior Debentures held by Trust Affiliate I are the sole assets of the trust. The Company is not considered the primary beneficiary of Trust Affiliate I (variable interest entity), therefore the trust is not consolidated in the Company’s financial statements, but rather the subordinated debentures are shown as a liability. Distributions on the Trust Preferred Securities issued by Trust Affiliate I are payable quarterly at a variable rate equal to the three-month SOFR rate plus 1.38 % . The coupon rate payable on the Trust Preferred Securities issued by Trust Affiliate I was 6.97 % and 7.03 % on March 31, 2024 and December 31, 2023, respectively. The Trust Preferred Securities issued by Trust Affiliate I are subject to mandatory redemption, in whole or in part, upon repayment of the Subordinated Debentures. The Company has entered into an agreement that fully and unconditionally guarantees the Trust Preferred Securities subject to the terms of the guarantee. The Trust Preferred Securities and Subordinated Debentures mature on December 15, 2035, but can be redeemed at the Company’s option at any time now. The Subordinated Debentures related to the Trust Preferred Securities may be included in Tier 1 capital (with certain limitations applicable) under current regulatory guidelines and interpretations. Interest on both issues of Trust Preferred Securities may be deferred for a period of up to five years at the option of the issuer.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingent Liabilities	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingent Liabilities	13. Commitments, Guarantees and Contingent Liabilities Loan commitments are made to accommodate the financial needs of Premier’s customers in the form of unfunded loans or unused lines of credit and result in market risk. Standby letters of credit commit the Company to make payments on behalf of customers when certain specified future events occur. They primarily are issued to facilitate customers’ trade transactions. Both arrangements have credit risk, essentially the same as that involved in extending loans to customers, and are subject to the Company’s normal credit policies. Collateral (e.g., securities, receivables, inventory and equipment) is obtained based on a credit assessment of the customer. The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (in thousands): March 31, 2024 December 31, 2023 Commitments to make loans $ 508,329 $ 407,532 Unused lines of credit 1,053,413 1,024,838 Standby letters of credit 21,126 17,500 Total $ 1,582,868 $ 1,449,870 Commitments to make loans are generally made for periods of 60 days or less .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	14. Income Taxes The Company and its subsidiaries are subject to U.S. federal income tax as well as income tax in the states of Indiana and West Virginia. The Company is no longer subject to examination by income taxing authorities for years before 2020. The Company also currently operates in the states of Ohio, Michigan and Pennsylvania which tax financial institutions based on their equity rather than their income. The components of income tax expense are as follows: For the Three Months Ended March 31, 2024 2023 (In Thousands) Current: Federal $ 2,972 $ 3,352 State and local 204 136 Deferred 1,338 615 $ 4,514 $ 4,103 The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended March 31, 2024 2023 (In Thousands) Tax expense at statutory rate ( 21 %) $ 4,684 $ 4,673 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 161 107 Tax exempt interest income, net of TEFRA ( 41 ) ( 140 ) Bank owned life insurance ( 356 ) ( 298 ) Captive insurance — ( 92 ) Other 66 ( 147 ) Total $ 4,514 $ 4,103

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	15. Derivative Financial Instruments At March 31, 2024 , the Company had approximately $ 34.5 million of interest rate lock commitments and $ 355.0 million of forward sales of mortgage backed securities. These commitments are considered derivatives. The Company had $ 12.1 million of interest rate lock commitments and $ 385.0 million of forward commitments at December 31, 2023. The fair value of these mortgage banking derivatives is reflected by a derivative asset recorded in other assets in the Consolidated Statements of Financial Condition. The table below provides data about the carrying values of these derivative instrument assets: March 31, 2024 December 31, 2023 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ 256 $ ( 4,750 ) The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2024 and 2023 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended 2024 2023 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – (Loss) Gain $ 5,006 $ ( 2,697 ) Interest Rate Swaps The Company maintains an interest rate protection program for commercial loan customers. Under this program, the Company provides a customer with a fixed rate loan while creating a variable rate asset for the Company by the customer entering into an interest rate swap with terms that match the loan. The Company offsets its risk exposure by entering into an offsetting interest rate swap with an unaffiliated institution. The Company had interest rate swaps associated with commercial loans with a notional value o f $ 91.1 m illion and fair value of $ 2.8 million in other assets and $ 2.8 million in other liabilities at March 31, 2024. As of December 31, 2023 , the Company had interest rate swaps associated with commercial loans with a notional value of $ 83.7 million and fair value of $ 2.9 million in other assets and $ 2.9 million in other liabilities. For the three months ended March 31, 2024 , $ 33,000 flowed through noninterest income. For the three months ended March 31, 2023 , $ 191,000 flowed through noninterest income. Interest Rate Swaps Designated as Cash Flow Hedge and Fair Value Hedge In May 2021, the Company entered into derivative instruments designated as a cash flow hedge. In June 2023, the Company entered into derivative instruments designated as a fair value hedge and another designated as a cash flow hedge. For a derivative instrument that is designated and qualifies as a cash flow hedge, the change in fair value of the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. For a derivative instrument that is designated and qualified as a fair value hedge, the change in fair value is recorded to the hedged item and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. An interest rate swap with notional amount totaling $ 250.0 million as of March 31, 2024 was designated as a cash flow hedge to hedge the risk of variability in cash flows (future interest receipts) attributable to changes in the contractually specified benchmark interest rate on the Company’s floating rate loan pool. The specified benchmark interest rate switched from LIBOR to SOFR after June 30, 2023. The gross aggregate fair value of the swap of $ 39.1 million is recorded in other liabilities in the unaudited Consolidated Balance Sheets at March 31, 2024, with changes in fair value recorded net of tax in other comprehensive income (loss). As of December 31, 2023 , the gross aggregate fair value of the swap of $ 34.6 million was recorded in other liabilities in the Consolidated Balance Sheets. A summary of the interest rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2024 December 31, 2023 Notional amount $ 250,000 $ 250,000 Weighted average fixed receive rates 1.437 % 1.437 % Weighted average variable 1-month SOFR pay rates 5.455 % 5.475 % Weighted average remaining maturity (in years) 6.6 6.9 Fair value $ ( 39,109 ) $ ( 34,575 ) Three $ 125.0 million interest rate swaps with a notional amount totaling $ 375.0 million as of March 31, 2024 were designated as fair value hedges to mitigate the risk of further interest rate increases and the subsequent impact on the valuation of the $ 1.3 billion associated pool of fixed rate mortgages. The gross aggregate fair value of the swaps of $ 2.8 million are recorded in other assets in the unaudited Consolidated Balance Sheets at March 31, 2024, with changes in fair value offsetting to the fixed rate mortgage loan pool. As of December 31, 2023 , the gross aggregate fair value of the swap of $ 0.8 million was recorded in other assets in the Consolidated Balance Sheets. The Company expects the hedges to remain effective during the remaining terms of the swaps. A summary of the interest rate swaps designated as fair value hedges are presented below (dollars in thousands): March 31, 2024 December 31, 2023 Notional amount Fair Value Hedge $ 375,000 $ 375,000 Weighted average fixed pay rates 4.113 % 4.113 % Weighted average variable SOFR receive rates 5.329 % 5.350 % Weighted average remaining maturity (in years) 1.9 2.2 Fair value $ 2,821 $ ( 817 ) An interest rate swap with a notional amount totaling $ 125.0 million as of March 31, 2024 was designated as a cash flow hedge to hedge the risk of variability in cash flows attributable to changes in the contractually specified benchmark interest rate on the Company’s short-term fixed rate FHLB advances. The gross aggregate fair value of the swap of $ 0.9 million is recorded in other assets in the unaudited Consolidated Balance Sheets at March 31, 2024, with changes recorded net of tax in other comprehensive income (loss). As of December 31, 2023 , the gross aggregate fair value of the swaps of $ 0.3 million was recorded in other liabilities in the Consolidated Balance Sheets. The Company expects the hedge to remain effective during the remaining term of the swap. A summary of the interest rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2024 December 31, 2023 Notional amount Cash Flow Hedge $ 125,000 $ 125,000 Weighted average fixed pay rates 4.160 % 4.160 % Weighted average variable SOFR receive rates 5.329 % 5.350 % Weighted average remaining maturity (in years) 1.1 1.4 Fair value $ 946 $ 300

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss)	16. Other Comprehensive Income (Loss) The before and after tax amounts allocated to each component of other comprehensive income (loss) are presented in the table below. Reclassification adjustments related to securities available for sale are included in gains on sale of securities in the accompanying consolidated condensed statements of income. Reclassification adjustments related to cash flow hedges are included in interest income or interest expense in the accompanying consolidated condensed statements of income. Before Tax Tax (Expense) Net of Tax (In Thousands) Three Months Ended March 31, 2024 Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 6,696 ) $ 1,406 $ ( 5,290 ) Reclassification adjustment for net gains included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 6,024 ) 1,265 ( 4,759 ) Reclassification adjustment for net loss included in net income 2,136 ( 449 ) 1,687 Total other comprehensive income (loss) $ ( 10,584 ) $ 2,222 $ ( 8,362 ) Before Tax Tax (Expense) Net of Tax (In Thousands) Three Months Ended March 31, 2023 Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ 18,399 $ ( 3,864 ) $ 14,535 Reclassification adjustment for net gains included in net income ( 34 ) 7 ( 27 ) Cash flow hedge derivatives Change in net unrealized gain/loss during the period 8,586 ( 1,803 ) 6,783 Reclassification adjustment for net gains included in net income ( 1,949 ) 409 ( 1,540 ) Total other comprehensive income (loss) $ 25,002 $ ( 5,251 ) $ 19,751 Activity in accumulated other comprehensive income (loss), net of tax, was as follows: Securities Post- Cash Flow Hedge Derivatives Accumulated (In Thousands) Balance January 1, 2024 $ ( 127,033 ) $ 393 $ ( 27,079 ) $ ( 153,719 ) Other comprehensive income (loss) before reclassifications ( 5,290 ) — ( 4,759 ) ( 10,049 ) Amounts reclassified from accumulated other comprehensive income — — 1,687 1,687 Net other comprehensive income (loss) during period ( 5,290 ) — ( 3,072 ) ( 8,362 ) Balance March 31, 2024 $ ( 132,323 ) $ 393 $ ( 30,151 ) $ ( 162,081 ) Balance January 1, 2023 $ ( 142,236 ) $ 402 $ ( 31,626 ) $ ( 173,460 ) Other comprehensive income (loss) before reclassifications 14,535 — 6,783 21,318 Amounts reclassified from accumulated other comprehensive income ( 27 ) — ( 1,540 ) ( 1,567 ) Net other comprehensive income (loss) during period 14,508 — 5,243 19,751 Balance March 31, 2023 $ ( 127,728 ) $ 402 $ ( 26,383 ) $ ( 153,709 )

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Accounting Standards Update	Accounting Standards Update ("ASU") ASU No. 2023-06, Disclosure Improvements – Codification Amendments in Response to the Securities and Exchange Commission’s ("SEC") Disclosure Update and Simplification Initiative: On October 9, 2023, the Financial Accounting Standards Board (the "FASB") issued ASU 2023-06 “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative,” which incorporates 14 of the 27 disclosures referred by the SEC in Release No. 33-10532, “Disclosure Update and Simplification,” that was issued Aug. 17, 2018. The changes modify the disclosure or presentation requirements of a variety of topics including statement of cash flows, accounting changes and error corrections, earnings per share, interim reporting, commitments, debt, equity, derivatives and hedging, and secured borrowing and collateral. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment is the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. If the SEC has not removed the related disclosure from its regulations by June 30, 2027, the amendments will be removed from the codification and not become effective for any entity. This ASU is not expected to have a material effect on the Company’s consolidated financial statements. ASU No. 2023-07, Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures: On November 27, 2023, the FASB issued ASU 2023-07 “Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosure,” which requires public entities to disclose significant expense categories and amounts for each reportable segment, an amount for and description of the composition of “other segment items,” the title and position of the entity’s Chief Operating Decision Maker (the "CODM") and explanation of how the CODM uses the reported measures of profit or loss to assess segment performance, and – on an interim basis – certain segment-related disclosures that previously were required only on an annual basis. This ASU clarifies that entities with a single reportable segment are subject to both new and existing segment reporting requirements and that an entity is permitted to disclose multiple measures of segment profit or loss, provided that certain criteria are met. The amendments are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Entities must adopt the changes to the segment reporting guidance on a retrospective basis. This ASU is not expected to have a material effect on the Company’s consolidated financial statements. ASU No. 2023-09, Income Taxes (Topic 740) – Improvements to Income Tax Disclosures: On December 14, 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” to address requests for improved income tax disclosures from investors, lenders, creditors and other allocators of capital that use the financial statements to make capital allocation decisions. This ASU is intended to improve the transparency of tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction, in addition to certain other amendments intended to improve the effectiveness of income tax disclosures. For public business entities, this ASU is effective for annual periods beginning after December 15, 2024. For other entities, this ASU is effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. This ASU is not expected to have a material effect on the Company’s consolidated financial statements. SEC Final Rules Not Yet Adopted The Enhancement and Standardization of Climate-Related Disclosures for Investors: On March 6, 2024, the SEC approved the final rule for these disclosures, requiring registrants to provide information about climate-related risks that materially impact or are reasonably likely to materially impact a registrant's strategy, results of operations, or financial condition. The rule applies to all SEC reporting companies and may significantly increase reporting costs and complexities, including increased data collection and development of significant internal processes and controls. The final rule includes a phased-in compliance period, effective for the Company for the fiscal year ending December 31, 2025. On March 15, 2024, the U.S. Court of Appeals granted an administrative stay of the climate-related disclosure rules recently adopted by the SEC.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis	The following table summarizes the financial assets measured at fair value on a recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Recurring Basis March 31, 2024 Level 1 Level 2 Level 3 Total (In Thousands) Assets: Available for sale securities: Obligations of U.S. federal government corporations and $ — $ 113,804 $ — $ 113,804 Mortgage-backed securities — 165,940 — 165,940 Collateralized mortgage obligations — 244,776 — 244,776 Asset-backed securities — 177,064 — 177,064 Corporate bonds — 62,605 — 62,605 Obligations of state and political subdivisions — 201,756 — 201,756 US Treasuries 48,488 — — 48,488 Equity securities 5,736 — — 5,736 Loans held for sale, at fair value — 13,094 124,429 137,523 Interest rate swaps — 2,844 — 2,844 Mortgage banking derivatives - asset 256 256 Cash flow/fair value hedge derivatives — 3,767 — 3,767 Liabilities: Interest rate swaps — 2,838 — 2,838 Cash flow/fair value hedge derivatives — 39,109 — 39,109 December 31, 2023 Level 1 Level 2 Level 3 Total Fair (In Thousands) Assets: Available for sale securities: Obligations of U.S. government corporations and agencies $ — $ 101,598 $ — $ 101,598 Mortgage-backed securities — 156,508 — 156,508 Collateralized mortgage obligations — 235,767 — 235,767 Asset-backed securities — 136,980 — 136,980 Corporate bonds — 62,420 — 62,420 Obligations of states and political subdivisions — 204,258 — 204,258 US Treasuries 49,177 — — 49,177 Equity securities 5,773 — — 5,773 Loans held for sale, at fair value — 14,397 131,244 145,641 Interest rate swaps — 2,867 — 2,867 Cash flow / Fair value hedge derivatives — 299 — 299 Liabilities: Interest rate swaps — 2,867 — 2,867 Cash flow / Fair value hedge derivatives — 35,392 — 35,392 Mortgage banking derivatives - liability — 4,750 — 4,750
Summary of Reconciliation of all Assets Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs (Level 3)	The following table presents a reconciliation of assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three months ended March 31, 2024 and 2023 . There were no securities that were measured at Level 3 for the three months ended March 31, 2024 and 2023. Construction loans held for sale Three Months Ended 2024 2023 Balance of recurring Level 3 assets at beginning of period $ 131,244 $ 91,662 Total gains (losses) for the period Included in change in fair value of loans held for sale ( 357 ) 5,971 Originations 19,659 23,181 Sales ( 26,117 ) ( 23,534 ) Balance of recurring Level 3 assets at end of period $ 124,429 $ 97,280
Schedule of Level 3 Assets and Liabilities Measured at Fair Value on a Recurring or Nonrecurring Basis	For Level 3 assets and liabilities measured at fair value on a recurring basis, the significant unobservable inputs used in the fair value measurements were as follows: March 31, 2024 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 124,429 Adjusted secondary market pricing Adjustments 0.00 % - 0.20 % December 31, 2023 Fair Value Valuation Technique Unobservable Inputs Range of (Dollars in Thousands) Construction loans held for sale $ 131,244 Adjusted secondary market pricing Adjustments 0.00 % - 0.0984 %
Schedule of Financial Assets Measured at Fair Value on a Non-recurring Basis	The following table summarizes the financial assets measured at fair value on a non-recurring basis segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Assets and Liabilities Measured on a Non-Recurring Basis March 31, 2024 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 11,335 $ 11,335 Commercial — — 4,593 4,593 Mortgage servicing rights $ — $ 2,641 $ — $ 2,641 December 31, 2023 Level 1 Level 2 Level 3 Total Fair (In Thousands) Individually analyzed loans Commercial real estate $ — $ — $ 3,425 $ 3,425 Commercial — — 6,164 6,164 Mortgage servicing rights $ — $ 2,744 $ — $ 2,744 For Level 3 assets and liabilities measured at fair value on a non-recurring basis as of March 31, 2024, the significant unobservable inputs used in the fair value measurements were as follows: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 15,928 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 20 - 50 % 20.97 % 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: Fair Valuation Unobservable Range of Weighted (Dollars in Thousands) Individually analyzed Loans- $ 9,589 Appraisals which utilize sales comparison, net income and cost approach Discounts for collection issues and changes in market conditions 10 - 50 % 27.60 % Fair value of financial instruments
Carrying Values and Estimated Fair Values of Financial Instruments	The carrying value and estimated fair values of financial instruments at March 31, 2024 and December 31, 2023, were as follows: Fair Value Measurements at March 31, 2024 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 89,681 $ 89,681 $ 89,681 $ — $ — Federal Home Loan Bank Stock 26,075 N/A N/A N/A N/A Loans receivable, net 6,617,066 6,122,388 — — 6,122,388 Accrued interest receivable 34,795 34,795 34,795 — — Financial Liabilities: Deposits $ 7,183,387 $ 7,169,903 $ 5,407,852 $ 1,762,051 $ — Advances from Federal Home Loan Bank 253,000 251,646 — 251,646 — Subordinated debentures 85,261 82,724 — — 82,724 Fair Value Measurements at December 31, 2023 (In Thousands) Carrying Total Level 1 Level 2 Level 3 Financial Assets: Cash and cash equivalents $ 114,756 $ 114,756 $ 114,756 $ — $ — Federal Home Loan Bank Stock 21,760 N/A N/A N/A N/A Loans receivable, net 6,662,875 6,100,394 — — 6,100,394 Accrued interest receivable 33,446 33,446 33,446 — — Financial Liabilities: Deposits $ 7,143,046 $ 7,099,593 $ 5,447,423 $ 1,652,170 $ — Advances from Federal Home Loan Bank 280,000 279,213 — 279,213 $ — Subordinated debentures 85,229 84,231 — — 84,231

Stock Compensation Plans (Table

Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Units and Stock Grants	The following table sets forth Premier's performance and restricted stock activity during the three months ended March 31, 2024: PSUs RSUs RSAs Unvested Shares Shares Weighted- Shares Weighted- Shares Weighted- Unvested at January 1, 2024 217,562 $ 28.75 18,625 $ 29.52 153,779 $ 25.49 Granted 82,737 19.43 — — 64,988 19.95 Vested ( 21,809 ) 30.35 ( 16,169 ) 28.95 ( 8,261 ) 24.78 Forfeited ( 52,221 ) 30.34 — — — — Unvested at March 31, 2024 226,269 $ 24.82 2,456 $ 32.26 210,506 $ 23.81
Schedule of Stock Option Activity Under the Plans	Following is stock option activity under the plans during the three months ended March 31, 2024: Options Weighted Weighted Aggregate Options outstanding, January 1, 2024 28,175 $ 23.18 Forfeited or cancelled — — Exercised — — Granted — — Options outstanding, March 31, 2024 28,175 $ 23.18 3.01 $ 24,668 Exercisable at March 31, 2024 28,175 $ 23.18 3.01 $ 24,668

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of computation of basic and diluted earnings per common share	The following table sets forth the computation of basic and diluted earnings per common share: Three Months Ended 2024 2023 (In Thousands, except per share data) Basic Earnings Per Share: Net income available to common shareholders $ 17,789 $ 18,149 Less: income allocated to participating securities 75 42 Net income allocated to common shareholders 17,714 18,107 Weighted average common shares outstanding including 35,772 35,649 Less: Participating securities 108 43 Average common shares 35,664 35,606 Basic earnings per common share $ 0.50 $ 0.51 Diluted Earnings Per Share: Net income allocated to common shareholders $ 17,714 $ 18,107 Weighted average common shares outstanding for basic earnings 35,664 35,606 Add: Dilutive effects of stock options and restricted stock units 107 113 Average shares and dilutive potential common shares 35,771 35,719 Diluted earnings per common share $ 0.50 $ 0.51

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Marketable Securities [Abstract]
Summary of Available-for-Sale Securities	The following is a summary of available-for-sale securities: Amortized Gross Gross Fair Value (In Thousands) At March 31, 2024 Available-for-Sale Securities: Obligations of U.S. government corporations and agencies $ 133,335 $ 10 $ ( 19,541 ) $ 113,804 Mortgage-backed securities 197,658 24 ( 31,742 ) 165,940 Collateralized mortgage obligations 296,001 19 ( 51,244 ) 244,776 Asset-backed securities 181,617 290 ( 4,843 ) 177,064 Corporate bonds 71,010 — ( 8,405 ) 62,605 Obligations of state and political subdivisions 246,643 5 ( 44,892 ) 201,756 US Treasuries 55,669 — ( 7,181 ) 48,488 Total Available-for-Sale $ 1,181,933 $ 348 $ ( 167,848 ) $ 1,014,433 Amortized Gross Gross Fair Value (In Thousands) At December 31, 2023 Available-for-sale Obligations of U.S. government corporations and agencies $ 120,398 $ — $ ( 18,800 ) $ 101,598 Mortgage-backed securities 185,675 — ( 29,167 ) 156,508 Collateralized mortgage obligations 285,194 9 ( 49,436 ) 235,767 Asset-backed securities 142,215 270 ( 5,505 ) 136,980 Corporate bonds 71,092 — ( 8,672 ) 62,420 Obligations of state and political subdivisions 247,204 15 ( 42,961 ) 204,258 US Treasuries 55,732 — ( 6,555 ) 49,177 Total Available-for-Sale $ 1,107,510 $ 294 $ ( 161,096 ) $ 946,708
Schedule of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of the investment securities portfolio at March 31, 2024, are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. For purposes of the maturity table, MBS, CMOs and ABS, which are not due at a single maturity date, have not been allocated over the maturity groupings. These securities may mature earlier than their weighted-average contractual maturities because of principal prepayments. Available-for-Sale Amortized Fair Value (In Thousands) Due in one year or less $ 205 $ 205 Due after one year through five years 82,780 75,854 Due after five years through ten years 207,422 179,181 Due after ten years 216,250 171,413 MBS/CMO/ABS 675,276 587,780 $ 1,181,933 $ 1,014,433
Schedule of Securities that were in an Unrealized Loss Position	The following tables summarize Premier’s securities that were in an unrealized loss position at March 31, 2024 and December 31, 2023: Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At March 31, 2024 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 7,132 $ ( 6 ) $ 96,680 $ ( 19,535 ) $ 103,812 $ ( 19,541 ) Mortgage-backed securities 12,963 ( 54 ) 150,635 ( 31,688 ) 163,598 ( 31,742 ) Collateralized mortgage obligations 12,222 ( 80 ) 223,518 ( 51,164 ) 235,740 ( 51,244 ) Asset-backed securities 27,511 ( 57 ) 85,749 ( 4,786 ) 113,260 ( 4,843 ) Corporate bonds — — 62,605 ( 8,405 ) 62,605 ( 8,405 ) Obligations of state and political subdivisions 8,485 ( 89 ) 191,346 ( 44,803 ) 199,831 ( 44,892 ) US Treasuries — 48,488 ( 7,181 ) 48,488 ( 7,181 ) Total available-for-sale $ 68,313 $ ( 286 ) $ 859,021 $ ( 167,562 ) $ 927,334 $ ( 167,848 ) Duration of Unrealized Loss Position Less than 12 Months 12 Months or Longer Total Fair Value Gross Fair Value Gross Fair Value Unrealized (In Thousands) At December 31, 2023 Available-for-sale securities: Obligations of U.S. government corporations and agencies $ 3,986 $ ( 9 ) $ 97,612 $ ( 18,791 ) $ 101,598 $ ( 18,800 ) Mortgage-backed securities-residential — — 156,508 ( 29,167 ) 156,508 ( 29,167 ) Collateralized mortgage obligations — — 229,659 ( 49,436 ) 229,659 ( 49,436 ) Asset-backed securities — — 113,444 ( 5,505 ) 113,444 ( 5,505 ) Corporate bonds — — 62,420 ( 8,672 ) 62,420 ( 8,672 ) Obligations of state and political subdivisions 10,595 ( 111 ) 188,896 ( 42,850 ) 199,491 ( 42,961 ) US Treasuries — — 49,177 ( 6,555 ) 49,177 ( 6,555 ) Total available-for-sale $ 14,581 $ ( 120 ) $ 897,716 $ ( 160,976 ) $ 912,297 $ ( 161,096 )

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2024
Loans and Leases Receivable, Net Amount [Abstract]
Schedule of Loans Receivable	Loan segments have been identified by evaluating the portfolio based on collateral and credit risk characteristics. Loans receivable consist of the following: March 31, December 31, (In Thousands) Real Estate: Residential $ 1,816,416 $ 1,810,265 Commercial 2,830,086 2,839,905 Construction 759,226 838,823 5,405,728 5,488,993 Other Loans: Commercial 1,031,037 1,056,803 Home equity and improvement 265,362 267,960 Consumer finance 187,664 193,830 1,484,063 1,518,593 Loans before deferred loan origination fees and costs 6,889,791 7,007,586 Deduct: Undisbursed construction loan funds ( 208,923 ) ( 281,466 ) Net deferred loan origination fees and costs 12,877 13,267 Allowance for credit losses ( 76,679 ) ( 76,512 ) Total loans $ 6,617,066 $ 6,662,875
Summary of Amortized Cost Basis of Collateral-dependent Loans by Class of Loans and Collateral Type	The following table presents the amortized cost basis of collateral-dependent loans by class of loans and collateral type as of March 31, 2024 and December 31, 2023 (in thousands): March 31, 2024 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ — $ — $ — $ — $ — Commercial 7,256 — — — 7,256 Construction — — — — — Other Loans: Commercial 923 11,104 3,733 73 15,833 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 8,179 $ 11,104 $ 3,733 $ 73 $ 23,089 December 31, 2023 Real Estate Equipment and Machinery Inventory and Receivables Vehicles Total Real Estate: Residential $ — $ — $ — $ — $ — Commercial 6,407 — — — 6,407 Construction — — — — — Other Loans: Commercial 1,297 8,781 2,309 705 13,092 Home equity and improvement — — — — — Consumer finance — — — — — Total $ 7,704 $ 8,781 $ 2,309 $ 705 $ 19,499
Schedule of Current Balance of Non-performing Loans	The following table presents the current balance of the non-performing loans as of the dates indicated: As of March 31, 2024 Non-accrual with no allocated allowance for credit losses Non-accrual with allocated allowance for credit losses Loans past due over 90 days still accruing Residential real estate $ 520 $ 10,690 $ — Commercial real estate 1,449 5,669 — Construction — — — Commercial 2,924 9,597 — Home equity and improvement — 1,847 — Consumer finance — 3,483 — Purchase credit deteriorated ("PCD") 885 1,967 Total $ 5,778 $ 33,253 $ — As of December 31, 2023 Non-accrual with no allocated allowance for credit losses Non-accrual with allocated allowance for credit losses Loans past due over 90 days still accruing Residential real estate $ 572 $ 12,456 $ — Commercial real estate 196 5,775 — Construction — — — Commercial 150 8,499 — Home equity and improvement — 1,417 — Consumer finance — 3,433 — PCD — 2,993 Total $ 918 $ 34,573 $ —
Schedule of Aging of the Amortized Cost/ Recorded Investment in Past Due and Non-Accrual Loans	The following table presents the aging of the amortized cost in past due and non-accrual loans as of March 31, 2024, by class of loans (in thousands): Class Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,797,600 $ 300 $ 5,336 $ 9,432 $ 15,068 $ 11,210 Commercial 2,830,522 406 677 1,165 2,248 7,118 Construction 550,303 — — — — — Other Loans: Commercial 1,019,317 4,428 12 3,316 7,756 12,521 Home equity and improvement 260,184 2,245 203 1,265 3,713 1,847 Consumer finance 182,408 3,187 1,237 2,998 7,422 3,483 PCD 13,902 227 661 2,414 3,302 2,852 Total Loans $ 6,654,236 $ 10,793 $ 8,126 $ 20,590 $ 39,509 $ 39,031 The following table presents the aging of the recorded investment in past due and non-accrual loans as of December 31, 2023, by class of loans (in thousands): Class Current 30 - 59 days 60 - 89 days 90 + days Total Total Real Estate: Residential $ 1,786,537 $ 152 $ 8,302 $ 11,216 $ 19,670 $ 13,028 Commercial 2,841,209 163 312 1,275 1,750 5,971 Construction 557,249 — 108 — 108 — Other Loans: Commercial 1,051,034 191 2,446 1,132 3,769 8,649 Home equity and improvement 262,404 2,084 635 958 3,677 1,417 Consumer finance 187,624 3,699 1,681 3,003 8,383 3,433 PCD 11,922 211 1,271 2,569 4,051 2,993 Total Loans $ 6,697,979 $ 6,500 $ 14,755 $ 20,153 $ 41,408 $ 35,491
Schedule of Percentage of the Amortized Cost Basis of Loan Category	The percentage of the amortized cost basis of loans that were modified to borrowers experiencing financial difficulty as compared to the amortized cost basis of each class of loan category is also presented below: Loans Modifications Made to Borrowers Experiencing Financial Difficulty Three Months Ended March 31, 2024 (Dollars in Thousands) Term Extension Loan Type Amortized Cost Basis Percent of total loans by Real Estate: Residential $ — — Commercial 352 0.01 % Construction — — Other Loans: Commercial 7,758 0.75 % Home equity and improvement — — Consumer finance — — Total $ 8,110
Schedule of Financial Effects of Loan Modifications	The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Loan Type Financial Effect Real Estate: Commercial -Term extended 6 months Other Loans: Commercial -Demand Line termed out to 10 year term 5 year term 5 months -Demand Line termed out to 192 months 189 months Rate Reduction Loan Type Financial Effect Other Loans: Commercial -Interest rate reduction 10.5 % to 8.5 % 11 % (tied to prime) to 8.25 % fixed
Schedule of Risk Category of Loans by Class of Loans	As of March 31, 2024, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,799,974 $ 487 $ 12,207 $ — $ 12,207 $ 1,812,668 Commercial 2,753,838 53,456 25,476 — 25,476 2,832,770 Construction 542,803 7,500 — — — 550,303 Other Loans: Commercial 945,021 32,487 49,565 — 49,565 1,027,073 Home equity and improvement 262,046 — 1,851 — 1,851 263,897 Consumer finance 186,543 — 3,287 — 3,287 189,830 PCD 12,006 2,485 2,713 — 2,713 17,204 Total Loans (1) $ 6,502,231 $ 96,415 $ 95,099 $ — $ 95,099 $ 6,693,745 (1) Total loans are net of undisbursed funds and deferred fees and costs. As of December 31, 2023, and based on the most recent analysis performed, the risk category of loans by class of loans is as follows (in thousands): Class Unclassified Special Substandard Doubtful Total classified Total Real Estate: Residential $ 1,791,663 $ 594 $ 13,950 $ — $ 13,950 $ 1,806,207 Commercial 2,765,898 50,784 26,277 — 26,277 2,842,959 Construction 549,867 7,490 — — — 557,357 Other Loans: Commercial 975,233 57,634 21,936 — 21,936 1,054,803 Home equity and improvement 264,663 — 1,418 — 1,418 266,081 Consumer finance 192,774 — 3,233 — 3,233 196,007 PCD 12,899 197 2,877 — 2,877 15,973 Total Loans (1) $ 6,552,997 $ 116,699 $ 69,691 $ — $ 69,691 $ 6,739,387 (1) Total loans are net undisbursed loan funds and deferred fees and costs
Summary of Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans	The following tables present the amortized cost basis of loans by credit quality indicator and class of loans as of March 31, 2024 and December 31, 2023 (in thousands). Term of loans by origination 2024 2023 2022 2021 2020 Prior Revolving Loans Total As of March 31, 2024 Real Estate Residential: Current-period gross charge-offs $ — $ — $ 14 $ 21 $ 6 $ 20 $ — $ 61 Risk Rating Unclassified $ 24,361 $ 52,282 $ 633,439 $ 419,394 $ 297,589 $ 371,037 $ 1,872 $ 1,799,974 Special Mention — — — — 167 320 — 487 Substandard — 521 1,864 2,501 1,809 5,512 — 12,207 Doubtful — — — — — — — — Total $ 24,361 $ 52,803 $ 635,303 $ 421,895 $ 299,565 $ 376,869 $ 1,872 $ 1,812,668 Commercial: Current-period gross charge-offs $ — $ — $ — $ 13 $ — $ — $ — $ 13 Risk Rating Unclassified $ 25,150 $ 181,078 $ 636,688 $ 511,429 $ 457,970 $ 923,289 $ 18,234 $ 2,753,838 Special Mention — 472 10,785 28,543 3,292 9,722 642 53,456 Substandard — — 742 3,460 221 21,000 53 25,476 Doubtful — — — — — — — — Total $ 25,150 $ 181,550 $ 648,215 $ 543,432 $ 461,483 $ 954,011 $ 18,929 $ 2,832,770 Construction: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Risk Rating Unclassified $ 3,178 $ 61,874 $ 316,658 $ 127,431 $ 32,458 $ 1,204 $ — $ 542,803 Special Mention — — 7,500 — — — — 7,500 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 3,178 $ 61,874 $ 324,158 $ 127,431 $ 32,458 $ 1,204 $ — $ 550,303 Other Loans Commercial: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ 59 $ 59 Risk Rating Unclassified $ 22,699 $ 112,043 $ 234,679 $ 139,766 $ 47,047 $ 49,932 $ 338,855 $ 945,021 Special Mention 72 1,912 3,961 12,232 531 3,880 9,899 32,487 Substandard — 7,461 1,833 12,410 10,218 3,940 13,703 49,565 Doubtful — — — — — — — — Total $ 22,771 $ 121,416 $ 240,473 $ 164,408 $ 57,796 $ 57,752 $ 362,457 $ 1,027,073 Home equity and Improvement: Current-period gross charge-offs $ — $ — $ — $ 1 $ — $ — $ 80 $ 81 Risk Rating Unclassified $ 2,793 $ 18,446 $ 23,796 $ 17,419 $ 4,261 $ 28,025 $ 167,306 $ 262,046 Special Mention — — — — — — — — Substandard — — 84 — — 381 1,386 1,851 Doubtful — — — — — — — — Total $ 2,793 $ 18,446 $ 23,880 $ 17,419 $ 4,261 $ 28,406 $ 168,692 $ 263,897 Consumer Finance: Current-period gross charge-offs $ — $ 66 $ 226 $ 100 $ 18 $ 27 $ — $ 437 Risk Rating Unclassified $ 13,052 $ 39,834 $ 90,705 $ 20,219 $ 9,925 $ 7,300 $ 5,508 $ 186,543 Special Mention — — — — — — — — Substandard — 344 1,451 569 369 351 203 3,287 Doubtful — — — — — — — — Total $ 13,052 $ 40,178 $ 92,156 $ 20,788 $ 10,294 $ 7,651 $ 5,711 $ 189,830 PCD: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 52 $ — $ 52 Risk Rating Unclassified $ — $ — $ — $ — $ — $ 11,494 $ 512 $ 12,006 Special Mention — — — — — 174 2,311 2,485 Substandard — — — — — 2,713 — 2,713 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ — $ 14,381 $ 2,823 $ 17,204 Term of loans by origination 2023 2022 2021 2020 2019 Prior Revolving Loans Total As of December 31, 2023 Real Estate Residential: Current-period gross charge-offs $ — $ 3 $ 218 $ — $ 6 $ 93 $ — $ 320 Risk Rating Unclassified $ 46,218 $ 625,993 $ 430,801 $ 305,077 $ 86,103 $ 296,317 $ 1,154 $ 1,791,663 Special Mention — — — 170 33 391 — 594 Substandard 431 2,757 2,267 2,061 1,031 5,403 — 13,950 Doubtful — — — — — — — — Total $ 46,649 $ 628,750 $ 433,068 $ 307,308 $ 87,167 $ 302,111 $ 1,154 $ 1,806,207 Commercial: Current-period gross charge-offs $ — $ — $ — $ 274 $ 399 $ 1,632 $ 14 $ 2,319 Risk Rating Unclassified $ 187,446 $ 619,860 $ 516,527 $ 470,751 $ 305,114 $ 647,079 $ 19,121 $ 2,765,898 Special Mention — 10,361 28,743 3,324 83 8,124 149 50,784 Substandard — 732 3,489 232 1,751 20,043 30 26,277 Doubtful — — — — — — — — Total $ 187,446 $ 630,953 $ 548,759 $ 474,307 $ 306,948 $ 675,246 $ 19,300 $ 2,842,959 Construction: Current-period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Risk Rating Unclassified $ 51,807 $ 322,097 $ 125,035 $ 44,114 $ 6,814 $ — $ — $ 549,867 Special Mention — 7,490 — — — — — 7,490 Substandard — — — — — — — — Doubtful — — — — — — — — Total $ 51,807 $ 329,587 $ 125,035 $ 44,114 $ 6,814 $ — $ — $ 557,357 Other Loans Commercial: Current-period gross charge-offs $ — $ 57 $ — $ 1 $ 498 $ 65 $ 1,713 $ 2,334 Risk Rating Unclassified $ 121,527 $ 248,455 $ 148,220 $ 50,554 $ 28,427 $ 26,799 $ 351,251 $ 975,233 Special Mention 9,551 2,475 14,625 10,670 1,607 3,805 14,901 57,634 Substandard — 929 11,205 767 991 1,170 6,874 21,936 Doubtful — — — — — — — — Total $ 131,078 $ 251,859 $ 174,050 $ 61,991 $ 31,025 $ 31,774 $ 373,026 $ 1,054,803 Home equity and Improvement: Current-period gross charge-offs $ — $ — $ — $ — $ 7 $ 30 $ 123 $ 160 Risk Rating Unclassified $ 19,554 $ 24,870 $ 18,061 $ 4,405 $ 2,935 $ 26,904 $ 167,934 $ 264,663 Special Mention — — — — — — — — Substandard — 119 14 — — 255 1,030 1,418 Doubtful — — — — — — — — Total $ 19,554 $ 24,989 $ 18,075 $ 4,405 $ 2,935 $ 27,159 $ 168,964 $ 266,081 Consumer Finance: Current-period gross charge-offs $ — $ 437 $ 260 $ 185 $ 95 $ 450 $ 51 $ 1,478 Risk Rating Unclassified $ 44,735 $ 98,287 $ 22,588 $ 11,067 $ 7,337 $ 1,706 $ 7,054 $ 192,774 Special Mention — — — — — — — — Substandard 282 1,476 593 505 281 93 3 3,233 Doubtful — — — — — — — — Total $ 45,017 $ 99,763 $ 23,181 $ 11,572 $ 7,618 $ 1,799 $ 7,057 $ 196,007 PCD: Current-period gross charge-offs $ — $ — $ — $ — $ — $ 122 $ 31 $ 153 Risk Rating Unclassified $ — $ — $ — $ — $ 114 $ 12,264 $ 521 $ 12,899 Special Mention — — — — — 197 — 197 Substandard — — — — — 2,562 315 2,877 Doubtful — — — — — — — — Total $ — $ — $ — $ — $ 114 $ 15,023 $ 836 $ 15,973
Summary of Credit Loss Estimation	The remaining life method was selected for the consumer direct loan segment since the pool contains loans with many different structures and payment streams and collateral. The weighted average remaining life uses an average annual charge-off rate applied to the contractual term, further adjusted for estimated prepayments to determine the unadjusted historical charge-off rate for the remaining balance of assets. Portfolio Segments Loan Pool Methodology Loss Drivers Residential real estate 1-4 Family nonowner occupied DCF National unemployment 1-4 Family owner occupied DCF National unemployment Commercial real estate Commercial real estate nonowner occupied DCF National unemployment Commercial real estate owner occupied DCF National unemployment Multi Family DCF National unemployment Agriculture Land DCF National unemployment Other commercial real estate DCF National unemployment Construction secured by real estate Construction Other PD/LGD Call report loss history Construction Residential PD/LGD Call report loss history Commercial Commercial working capital PD/LGD Call report loss history Agriculture production PD/LGD Call report loss history Other commercial PD/LGD Call report loss history Home equity and improvement Home equity and improvement PD/LGD Call report loss history Consumer finance Consumer direct Remaining life Call report loss history Consumer indirect DCF National unemployment
Schedule of Allowance for Credit Loss (ACL) Activity	The following table discloses ACL activity for the three months ended March 31, 2024 and 2023 by portfolio segment (in thousands): Three Months Ended March 31, 2024 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Total Beginning Allowance $ 17,215 $ 36,053 $ 3,159 $ 15,489 $ 2,703 $ 1,893 $ 76,512 Charge-Offs ( 61 ) ( 13 ) — ( 82 ) ( 81 ) ( 466 ) ( 703 ) Recoveries 9 7 — 216 14 64 310 Provisions 3,047 ( 2,907 ) ( 815 ) 254 228 753 560 Ending Allowance $ 20,210 $ 33,140 $ 2,344 $ 15,877 $ 2,864 $ 2,244 $ 76,679 Three Months Ended March 31, 2023 Residential Real Estate Commercial Construction Commercial Home Equity Consumer Finance Total Beginning Allowance $ 16,711 $ 34,218 $ 4,025 $ 11,769 $ 4,044 $ 2,049 $ 72,816 Charge-Offs ( 5 ) ( 1,669 ) — ( 511 ) ( 79 ) ( 449 ) ( 2,713 ) Recoveries 22 12 — 96 21 75 226 Provisions 1,501 1,270 ( 143 ) 1,171 ( 332 ) 477 3,944 Ending Allowance $ 18,229 $ 33,831 $ 3,882 $ 12,525 $ 3,654 $ 2,152 $ 74,273
Schedule of Outstanding Balance and Related Allowance on Loans	The outstanding balance and related allowance on these loans as of March 31, 2024 and December 31, 2023 is as follows (in thousands): As of March 31, 2024 As of December 31, 2023 Loan Balance ACL Balance Loan Balance ACL Balance (In Thousands) (In Thousands) Real Estate: Residential $ 9,692 $ 143 $ 9,882 $ 126 Commercial 1,947 46 2,040 50 Construction — — — — 11,639 189 11,922 176 Other Loans: Commercial 3,937 244 1,968 351 Home equity and improvement 1,465 27 1,879 54 Consumer finance 163 6 204 5 5,565 277 4,051 410 Total $ 17,204 $ 466 $ 15,973 $ 586

Mortgage Banking (Tables)

Mortgage Banking (Tables)	3 Months Ended
	Mar. 31, 2024
Mortgage Banking [Abstract]
Schedule of net revenues from the sales and servicing of mortgage loans	Net revenues from the sales and servicing of mortgage loans consisted of the following: Three Months Ended 2024 2023 (In Thousands) Mortgage banking gain (loss), net $ 1,283 $ ( 837 ) Mortgage loans servicing revenue (expense): Mortgage loans servicing revenue 1,842 1,888 Amortization of mortgage servicing rights ( 1,238 ) ( 1,219 ) Mortgage servicing rights valuation adjustments 463 ( 106 ) 1,067 563 Net revenue (expense) from sale and servicing of mortgage loans $ 2,350 $ ( 274 )
Schedule of capitalized mortgage and valuation allowance	Activity for capitalized mortgage servicing rights and the related valuation allowance follows for the three months ended March 31, 2024 and 2023: Three Months Ended 2024 2023 (In Thousands) Mortgage servicing assets: Balance at beginning of period $ 19,452 $ 21,858 Loans sold, servicing retained 707 808 Amortization ( 1,238 ) ( 1,219 ) Carrying value before valuation allowance at end of period 18,921 21,447 Valuation allowance: Balance at beginning of period ( 756 ) ( 687 ) Impairment recovery (charges) 463 ( 106 ) Balance at end of period ( 293 ) ( 793 ) Net carrying value of MSRs at end of period $ 18,628 $ 20,654 Fair value of MSRs at end of period $ 27,599 $ 28,165

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Undiscounted Cash Flows Included in Lease Liabilities	Undiscounted cash flows included in lease liabilities have expected contractual payments as follows: (In Thousands) March 31, 2024 Remainder of 2024 $ 1,893 2025 1,593 2026 1,348 2027 1,270 2028 1,126 Thereafter 9,637 Total undiscounted minimum lease payments 16,867 Present value adjustment ( 2,418 ) Total lease liabilities $ 14,449

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Summary of deposit balances	A summary of deposit balances is as follows: March 31, December 31, (In Thousands) Non-interest-bearing checking accounts $ 1,467,161 $ 1,591,979 Interest-bearing checking and money market accounts 3,284,200 3,177,369 Savings deposits 656,491 678,076 Retail certificates of deposit less than $250,000 851,361 827,479 Retail certificates of deposit greater than $250,000 555,392 526,199 Brokered deposits 368,782 341,944 $ 7,183,387 $ 7,143,046

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2024
Subordinated Borrowings [Abstract]
Schedule of Bank Line of Credit Advance, Junior Subordinated Debentures and Subordinated Debentures	The Company's FHLB advances and junior subordinated debentures owed to unconsolidated subsidiary trusts and subordinated debentures are comprised of the following: March 31, 2024 December 31, 2023 (In Thousands) FHLB Advances: Single maturity fixed rate advances $ 125,000 $ 125,000 Overnight advances 128,000 155,000 Total $ 253,000 $ 280,000 First Defiance Statutory Trust I due December 2035 $ 20,619 $ 20,619 First Defiance Statutory Trust II due June 2037 15,464 15,464 Junior subordinated debentures owed to unconsolidated subsidiary trusts $ 36,083 $ 36,083 Subordinated debentures $ 49,178 $ 49,146

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Line of Credit Facilities	The Company’s maximum obligation to extend credit for loan commitments (unfunded loans and unused lines of credit) and standby letters of credit outstanding as of the periods stated below were as follows (in thousands): March 31, 2024 December 31, 2023 Commitments to make loans $ 508,329 $ 407,532 Unused lines of credit 1,053,413 1,024,838 Standby letters of credit 21,126 17,500 Total $ 1,582,868 $ 1,449,870

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of components of income tax expense (benefit)	The components of income tax expense are as follows: For the Three Months Ended March 31, 2024 2023 (In Thousands) Current: Federal $ 2,972 $ 3,352 State and local 204 136 Deferred 1,338 615 $ 4,514 $ 4,103
Schedule of effective income tax rate reconciliation	The effective tax rates differ from federal statutory rate applied to income due to the following: For the Three Months Ended March 31, 2024 2023 (In Thousands) Tax expense at statutory rate ( 21 %) $ 4,684 $ 4,673 Increases (decreases) in taxes from: State income tax - net of federal tax benefit 161 107 Tax exempt interest income, net of TEFRA ( 41 ) ( 140 ) Bank owned life insurance ( 356 ) ( 298 ) Captive insurance — ( 92 ) Other 66 ( 147 ) Total $ 4,514 $ 4,103

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Carrying Values of the Derivative Instrument Assets	The table below provides data about the carrying values of these derivative instrument assets: March 31, 2024 December 31, 2023 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives $ 256 $ ( 4,750 )
Schedule of Amount of Gains and Losses Recognized in Income on Derivative Instruments Not Designated as Hedging Instruments	The table below provides data about the amount of gains and losses recognized in income on derivative instruments not designated as hedging instruments. The difference in derivative carrying value at March 31, 2024 and 2023 represents a fair value adjustment that runs through mortgage banking income. Three Months Ended 2024 2023 (In Thousands) Derivatives not designated as hedging instruments Mortgage Banking Derivatives – (Loss) Gain $ 5,006 $ ( 2,697 )
Summary of Interest Rate Swap Designated as Cash Flow Hedge and Fair Value Hedge	A summary of the interest rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2024 December 31, 2023 Notional amount $ 250,000 $ 250,000 Weighted average fixed receive rates 1.437 % 1.437 % Weighted average variable 1-month SOFR pay rates 5.455 % 5.475 % Weighted average remaining maturity (in years) 6.6 6.9 Fair value $ ( 39,109 ) $ ( 34,575 ) A summary of the interest rate swaps designated as fair value hedges are presented below (dollars in thousands): March 31, 2024 December 31, 2023 Notional amount Fair Value Hedge $ 375,000 $ 375,000 Weighted average fixed pay rates 4.113 % 4.113 % Weighted average variable SOFR receive rates 5.329 % 5.350 % Weighted average remaining maturity (in years) 1.9 2.2 Fair value $ 2,821 $ ( 817 ) A summary of the interest rate swap designated as a cash flow hedge is presented below (dollars in thousands): March 31, 2024 December 31, 2023 Notional amount Cash Flow Hedge $ 125,000 $ 125,000 Weighted average fixed pay rates 4.160 % 4.160 % Weighted average variable SOFR receive rates 5.329 % 5.350 % Weighted average remaining maturity (in years) 1.1 1.4 Fair value $ 946 $ 300

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of reclassification adjustments related to securities available for sale are included in gains on sale of securities	Reclassification adjustments related to securities available for sale are included in gains on sale of securities in the accompanying consolidated condensed statements of income. Reclassification adjustments related to cash flow hedges are included in interest income or interest expense in the accompanying consolidated condensed statements of income. Before Tax Tax (Expense) Net of Tax (In Thousands) Three Months Ended March 31, 2024 Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ ( 6,696 ) $ 1,406 $ ( 5,290 ) Reclassification adjustment for net gains included in net income — — — Cash flow hedge derivatives Change in net unrealized gain/loss during the period ( 6,024 ) 1,265 ( 4,759 ) Reclassification adjustment for net loss included in net income 2,136 ( 449 ) 1,687 Total other comprehensive income (loss) $ ( 10,584 ) $ 2,222 $ ( 8,362 ) Before Tax Tax (Expense) Net of Tax (In Thousands) Three Months Ended March 31, 2023 Securities available for sale and transferred securities: Change in net unrealized gain/loss during the period $ 18,399 $ ( 3,864 ) $ 14,535 Reclassification adjustment for net gains included in net income ( 34 ) 7 ( 27 ) Cash flow hedge derivatives Change in net unrealized gain/loss during the period 8,586 ( 1,803 ) 6,783 Reclassification adjustment for net gains included in net income ( 1,949 ) 409 ( 1,540 ) Total other comprehensive income (loss) $ 25,002 $ ( 5,251 ) $ 19,751
Schedule of accumulated other comprehensive income (loss), net of tax	Activity in accumulated other comprehensive income (loss), net of tax, was as follows: Securities Post- Cash Flow Hedge Derivatives Accumulated (In Thousands) Balance January 1, 2024 $ ( 127,033 ) $ 393 $ ( 27,079 ) $ ( 153,719 ) Other comprehensive income (loss) before reclassifications ( 5,290 ) — ( 4,759 ) ( 10,049 ) Amounts reclassified from accumulated other comprehensive income — — 1,687 1,687 Net other comprehensive income (loss) during period ( 5,290 ) — ( 3,072 ) ( 8,362 ) Balance March 31, 2024 $ ( 132,323 ) $ 393 $ ( 30,151 ) $ ( 162,081 ) Balance January 1, 2023 $ ( 142,236 ) $ 402 $ ( 31,626 ) $ ( 173,460 ) Other comprehensive income (loss) before reclassifications 14,535 — 6,783 21,318 Amounts reclassified from accumulated other comprehensive income ( 27 ) — ( 1,540 ) ( 1,567 ) Net other comprehensive income (loss) during period 14,508 — 5,243 19,751 Balance March 31, 2023 $ ( 127,728 ) $ 402 $ ( 26,383 ) $ ( 153,709 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Details) - First Insurance Group $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operations,net cash received	$ 47.4
Goodwill and intangibles including discontinued operation	24.7
Pre tax gain on sale of transaction	36.3
Transaction cost	3.7
Tax Effect of Gain (Loss) from Disposal of Discontinued Operation	8.5
Increase in equity by sale of discontinued operations	$ 24.1

Fair Value - Additional informa

Fair Value - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value determination of loans held for sale description	The fair value of conventional loans held for sale is determined using the current 15-day forward contract price for either 15 or 30 year conventional mortgages (Level 2). The fair value of permanent construction loans held for sale is determined using the current 5-day forward contract price for 15 or 30 years conventional mortgages which is then adjusted for unobservable market data such as estimated fall out rates and estimated time from origination to completion of construction (Level 3).
Loans held for sale, fair value disclosure	$ 137,523		$ 145,641
Available for sale assets at fair value	0	$ 0
Residential Mortgage Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	13,100		14,400
Loans held for sale, contractual balance	13,600		14,700
Gains (losses) on sale of loans held for sale for the change in fair value	(328,000)	367,000
Permanent Construction Loans [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Loans held for sale, fair value disclosure	124,400		131,200
Loans held for sale, contractual balance	126,600		$ 133,100
Gains (losses) on sale of loans held for sale for the change in fair value	$ (357,000)	$ 6,000
Minimum [Member] | Real Estate held for sale [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value input discount rate	0%
Maximum [Member] | Real Estate held for sale [Member]
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair value input discount rate	30%

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for sale securities:
Securities available-for-sale, carried at fair value	$ 1,014,433	$ 946,708
Equity securities
Equity securities	5,736	5,773
Loans held for sale
Loans held for sale, carried at fair value	137,523	145,641
Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	244,776	235,767
Fair Value, Inputs, Level 2 [Member] | Collateralized mortgage obligations [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	244,776	235,767
Obligations of U.S. federal government corporations and agencies [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	113,804	101,598
Obligations of U.S. federal government corporations and agencies [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	113,804	101,598
Mortgage-backed securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	165,940	156,508
Mortgage-backed securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	165,940	156,508
Asset-backed Securities [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	177,064	136,980
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	177,064	136,980
Corporate bonds [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	62,605	62,420
Corporate bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	62,605	62,420
Obligations of state and political subdivisions [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	201,756	204,258
Obligations of state and political subdivisions [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	201,756	204,258
US Treasuries [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	48,488	49,177
US Treasuries [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities:
Securities available-for-sale, carried at fair value	48,488	49,177
Equity securities [Member]
Equity securities
Equity securities	5,736	5,773
Equity securities [Member] | Fair Value, Inputs, Level 1 [Member]
Equity securities
Equity securities	5,736	5,773
Loans held for sale, at fair value [Member]
Loans held for sale
Loans held for sale, carried at fair value	137,523	145,641
Loans held for sale, at fair value [Member] | Fair Value, Inputs, Level 2 [Member]
Loans held for sale
Loans held for sale, carried at fair value	13,094	14,397
Loans held for sale, at fair value [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale
Loans held for sale, carried at fair value	124,429	131,244
Interest rate swap assets [Member]
Derivative Instruments, Fair Value
Derivative instruments assets at fair value	2,844	2,867
Interest rate swap assets [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Fair Value
Derivative instruments assets at fair value	2,844	2,867
Interest rate swap liability [Member]
Derivative Instruments, Fair Value
Derivative Instruments liabilities at fair value	2,838	2,867
Interest rate swap liability [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Fair Value
Derivative Instruments liabilities at fair value	2,838	2,867
Mortgage banking derivative - asset [Member]
Derivative Instruments, Fair Value
Mortgage banking derivatives	256
Mortgage banking derivative - asset [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Fair Value
Mortgage banking derivatives	256
Cash flow and fair value hedge derivatives liabilities [Member]
Derivative Instruments, Fair Value
Derivative Instruments liabilities at fair value	39,109	35,392
Cash flow and fair value hedge derivatives liabilities [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Fair Value
Derivative Instruments liabilities at fair value	39,109	35,392
Cash flow and fair value hedge derivative assets [Member]
Derivative Instruments, Fair Value
Derivative instruments assets at fair value	3,767	299
Cash flow and fair value hedge derivative assets [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Fair Value
Derivative instruments assets at fair value	$ 3,767	299
Mortgage Banking Derivatives Liability [Member]
Derivative Instruments, Fair Value
Derivative Instruments liabilities at fair value		4,750
Mortgage Banking Derivatives Liability [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Fair Value
Derivative Instruments liabilities at fair value		$ 4,750

Fair Value - Summary of Reconci

Fair Value - Summary of Reconciliation of all Assets Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs (Level 3) (Details) - Construction Loans Held for Sale [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance of recurring Level 3 assets at beginning of period	$ 131,244	$ 91,662
Total gains (losses) for the period, Included in change in fair value of loans held for sale	(357)	5,971
Originations	19,659	23,181
Sales	(26,117)	(23,534)
Balance of recurring Level 3 assets at end of period	$ 124,429	$ 97,280

Fair Value - Schedule of Level

Fair Value - Schedule of Level 3 Assets and Liabilities Measured At Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 137,523	$ 145,641
Range of from 0.00 - 0.20% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value	$ 124,429
Fair Value Measurements Valuation Processes Description	Adjusted secondary market pricing
Unobservable Inputs, Fair Value	Adjustments
Fair Value, Range of Input, Minimum	0%
Fair Value, Range of Input, Maximum	0.20%
Range of from 0.00 - 0.0984% [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Loans held for sale, carried at fair value		$ 131,244
Fair Value Measurements Valuation Processes Description		Adjusted secondary market pricing
Unobservable Inputs, Fair Value		Adjustments
Fair Value, Range of Input, Minimum		0%
Fair Value, Range of Input, Maximum		0.0984%

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Measured on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mortgage servicing rights	$ 2,641	$ 2,744
Commercial Real Estate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total individually analyzed loans	11,335	3,425
Commercial [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total individually analyzed loans	4,593	6,164
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Mortgage servicing rights	2,641	2,744
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total individually analyzed loans	11,335	3,425
Fair Value, Inputs, Level 3 [Member] | Commercial [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total individually analyzed loans	$ 4,593	$ 6,164

Fair Value - Schedule of Leve_2

Fair Value - Schedule of Level 3 Assets and Liabilities Measured At Fair Value on a Non-Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Individually analyzed Loans- Applies to loan classes with an appraisal valuation	$ 15,928	$ 9,589
Appraisals Which Utilize Sales Comparison, Net Income and Cost Approach [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value Measurements Valuation Processes Description	Appraisals which utilize sales comparison, net income and cost approach	Appraisals which utilize sales comparison, net income and cost approach
Unobservable Inputs, Fair Value	Discounts for collection issues and changes in market conditions	Discounts for collection issues and changes in market conditions
Fair Value, Range of Input, Minimum	20%	10%
Fair Value, Range of Input, Maximum	50%	50%
Fair Value Measurement Weighted Average Range	20.97%	27.60%

Fair Value - Balance Sheet Grou

Fair Value - Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Assets, Carrying Value:
Cash and cash equivalents, Carrying Value	$ 89,681	$ 114,756
Federal Home Loan Bank Stock, Carrying Value	26,075	21,760
Loans receivable, net, Carrying Value	6,617,066	6,662,875
Accrued interest receivable, Carrying Value	34,795	33,446
Financial Liabilities, Carrying Value:
Deposits, Carrying Value	7,183,387	7,143,046
Advances from Federal Home Loan Bank, Carrying Value	253,000	280,000
Subordinated debentures, Carrying Value	85,261	85,229
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	89,681	114,756
Loans receivable, net, Fair Value	6,122,388	6,100,394
Accrued interest receivable, Fair value	34,795	33,446
Financial Liabilities, Fair Value:
Deposits, Fair Value	7,169,903	7,099,593
Advances from Federal Home Loan Bank, Fair Value	251,646	279,213
Subordinated debentures, Fair Value	82,724	84,231
Fair Value, Inputs, Level 1 [Member]
Financial Assets, Fair Value:
Cash and cash equivalents, Fair Value	89,681	114,756
Accrued interest receivable, Fair value	34,795	33,446
Financial Liabilities, Fair Value:
Deposits, Fair Value	5,407,852	5,447,423
Fair Value, Inputs, Level 2 [Member]
Financial Liabilities, Fair Value:
Deposits, Fair Value	1,762,051	1,652,170
Advances from Federal Home Loan Bank, Fair Value	251,646	279,213
Fair Value, Inputs, Level 3 [Member]
Financial Assets, Fair Value:
Loans receivable, net, Fair Value	6,122,388	6,100,394
Financial Liabilities, Fair Value:
Subordinated debentures, Fair Value	$ 82,724	$ 84,231

Stock Compensation Plans - Addi

Stock Compensation Plans - Additional information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	28,175		28,175
Stock Option Period, Description	All options expire ten years from the date of grant. Vested options of retirees expire on the earlier of the scheduled expiration date or one year after the retirement date.
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 month
Director [Member]
Stock Issued During Period, Shares, Issued for Services	0	753
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs	$ 0	$ 6,000
Executive Long-Term Equity Incentive Plan [Member]
Stock Option Period, Description	The value of PSU awards issued in 2022, 2023 and 2024 under the Executive LTIP will be determined individually at the end of each respective 36 month performance period ending December 31. The benefits earned under these PSUs will be paid out in equity in the first quarter following the end of the performance period. The participants will receive all or a portion of the award if their employment is terminated by the Company without cause, by the participant in certain situations, or by death, disability or retirement of the participant.
Share-based Compensation, Performance Period	3 years
Executive Long-Term Equity Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	20%
Executive Long-Term Equity Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	50%
Equity Plan 2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	900,000
Long Term Equity Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,200,000
Performance Stock Units PSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	82,737
Allocated Share-based Compensation Expense	$ 176,000
Estimated Compensation Expense Excepted	3,800,000
Unrecognized Compensation Expense	2,800,000
Reduction of expense		338,000
Performance Stock Units PSUs [Member] | Maximum [Member]
Compensation Expense, Maximum	$ 5,700,000
Performance Stock Units PSUs [Member] | Executive Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	82,737
Restricted Stock Awards (RSA) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	64,988
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	5,147
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Allocated Share-based Compensation Expense	$ 518,000	$ 444,000
Restricted Stock Awards (RSA) [Member] | Executive Long-Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	28,702
Restricted Stock Awards (RSA) [Member] | Key Long Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	31,139	25,044
Restricted Stock Units (RSUs) [Member] | Key Long Term Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Restricted Stock Units (RSUs) [Member] | Key Long Term Equity Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	5%
Restricted Stock Units (RSUs) [Member] | Key Long Term Equity Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate	10%
Short Term Incentive Plan [Member]
Allocated Share-based Compensation Expense	$ 690,000		$ 1,900,000

Stock Compensation Plans - Sche

Stock Compensation Plans - Schedule of Restricted Stock Units and Stock Grants (Details)	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Performance Stock Units PSU [Member]
Shares, Unvested at January 1, 2024 | shares	217,562
Shares, Granted | shares	82,737
Shares, Vested | shares	(21,809)
Shares, Forfeited | shares	(52,221)
Shares, Unvested at March 31, 2024 | shares	226,269
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2024 | $ / shares	$ 28.75
Weighted-Average Grant Date Fair Value, Granted | $ / shares	19.43
Weighted-Average Grant Date Fair Value, Vested | $ / shares	30.35
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	30.34
Weighted-Average Grant Date Fair Value, Unvested at March 31, 2024 | $ / shares	$ 24.82
Restricted Stock Units (RSUs) [Member]
Shares, Unvested at January 1, 2024 | shares	18,625
Shares, Vested | shares	(16,169)
Shares, Forfeited | shares	0
Shares, Unvested at March 31, 2024 | shares	2,456
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2024 | $ / shares	$ 29.52
Weighted-Average Grant Date Fair Value, Vested | $ / shares	28.95
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	0
Weighted-Average Grant Date Fair Value, Unvested at March 31, 2024 | $ / shares	$ 32.26
Restricted Stock Awards (RSA) [Member]
Shares, Unvested at January 1, 2024 | shares	153,779
Shares, Granted | shares	64,988
Shares, Vested | shares	(8,261)
Shares, Forfeited | shares	0
Shares, Unvested at March 31, 2024 | shares	210,506
Weighted -Average Grant Date Fair Value, Unvested at January 1, 2024 | $ / shares	$ 25.49
Weighted-Average Grant Date Fair Value, Granted | $ / shares	19.95
Weighted-Average Grant Date Fair Value, Vested | $ / shares	24.78
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	0
Weighted-Average Grant Date Fair Value, Unvested at March 31, 2024 | $ / shares	$ 23.81

Stock Compensation Plans - Sc_2

Stock Compensation Plans - Schedule of Stock Option Activity Under the Plans (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Options outstanding, January 1, 2024 | shares	28,175
Option Outstanding, Forfeited or cancelled | shares	0
Option Outstanding, Exercised | shares	0
Option Outstanding, Granted | shares	0
Options outstanding, March 31, 2024 | shares	28,175
Exercisable at March 31, 2024 | shares	28,175
Weighted Average Exercise Price, Options outstanding, January 1, 2024 | $ / shares	$ 23.18
Weighted Average Exercise Price, Forfeited or cancelled | $ / shares	0
Weighted Average Exercise Price, Exercised | $ / shares	0
Weighted Average Exercise Price, Granted | $ / shares	0
Weighted Average Exercise Price, Options outstanding, March 31, 2024 | $ / shares	23.18
Weighted Average Exercise Price, Exercisable at March 31, 2024 | $ / shares	$ 23.18
Weighted Average Remaining Contractual Term (In years), outstanding, March 31, 2024	3 years 3 days
Weighted Average Remaining Contractual Terms (In years), Exercisable at March 31, 2024	3 years 3 days
Aggregate Intrinsic Value, outstanding, March 31, 2024 | $	$ 24,668
Aggregate Intrinsic Value, Exercisable at March 31, 2024 | $	$ 24,668

Dividends on Common Stock (Deta

Dividends on Common Stock (Details) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Dividends, Common Stock [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.31	$ 0.31
Common Stock, Dividends, Per Share, Declared	$ 0.31	$ 0.31

Earnings Per Common Share - Sch

Earnings Per Common Share - Schedule of Computation of basic and diluted earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic Earnings Per Share:
Net income available to common shareholders	$ 17,789	$ 18,149
Less: income allocated to participating securities	75	42
Net income allocated to common shareholders	$ 17,714	$ 18,107
Weighted average common shares outstanding including participating securities	35,772	35,649
Less: Participating securities	108	43
Average common shares	35,664	35,606
Basic earnings per common share	$ 0.5	$ 0.51
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 17,714	$ 18,107
Weighted average common shares outstanding for basic earnings per common share	35,664	35,606
Add: Dilutive effects of stock options and restricted stock units	107	113
Average shares and dilutive potential common shares	35,771	35,719
Diluted earnings per common share	$ 0.5	$ 0.51

Earnings Per Common Share - Add

Earnings Per Common Share - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share, Basic [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	53,416	627

Investment Securities - Summary

Investment Securities - Summary of Available-for-Sale Securities - (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	$ 1,181,933	$ 1,107,510
Available-for-Sale Securities, Gross Unrealized Gains	348	294
Available-for-Sale Securities, Gross Unrealized Loss	(167,848)	(161,096)
Available-for-Sale Securities, Fair Value	1,014,433	946,708
Obligations of U.S. government corporations and agencies [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	133,335	120,398
Available-for-Sale Securities, Gross Unrealized Gains	10	0
Available-for-Sale Securities, Gross Unrealized Loss	(19,541)	(18,800)
Available-for-Sale Securities, Fair Value	113,804	101,598
Mortgage-backed securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	197,658	185,675
Available-for-Sale Securities, Gross Unrealized Gains	24	0
Available-for-Sale Securities, Gross Unrealized Loss	(31,742)	(29,167)
Available-for-Sale Securities, Fair Value	165,940	156,508
Collateralized mortgage obligations [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	296,001	285,194
Available-for-Sale Securities, Gross Unrealized Gains	19	9
Available-for-Sale Securities, Gross Unrealized Loss	(51,244)	(49,436)
Available-for-Sale Securities, Fair Value	244,776	235,767
Asset-backed securities [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	181,617	142,215
Available-for-Sale Securities, Gross Unrealized Gains	290	270
Available-for-Sale Securities, Gross Unrealized Loss	(4,843)	(5,505)
Available-for-Sale Securities, Fair Value	177,064	136,980
Corporate bonds [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	71,010	71,092
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(8,405)	(8,672)
Available-for-Sale Securities, Fair Value	62,605	62,420
Obligations of state and political subdivisions [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	246,643	247,204
Available-for-Sale Securities, Gross Unrealized Gains	5	15
Available-for-Sale Securities, Gross Unrealized Loss	(44,892)	(42,961)
Available-for-Sale Securities, Fair Value	201,756	204,258
US Treasuries [Member]
Marketable Securities [Line Items]
Available-for-Sale Securities, Amortized Cost	55,669	55,732
Available-for-Sale Securities, Gross Unrealized Gains	0	0
Available-for-Sale Securities, Gross Unrealized Loss	(7,181)	(6,555)
Available-for-Sale Securities, Fair Value	$ 48,488	$ 49,177

Investment Securities - Schedul

Investment Securities - Schedule of Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Abstract]
Available-for-sale, Due in one year or less, Amortized Cost	$ 205
Available-for-sale, Due after one year through five years, Amortized Cost	82,780
Available-for-sale, Due after five years through ten years, Amortized Cost	207,422
Available-for-sale, Due after ten years, Amortized Cost	216,250
Available-for-sale, MBS/CMO/ABS, Amortized Cost	675,276
Available-for-Sale Securities, Amortized Cost	1,181,933	$ 1,107,510
Available-for-sale, Due in one year or less, Fair Value	205
Available-for-sale, Due after one year through five years, Fair Value	75,854
Available-for-sale, Due after five years through ten years, Fair Value	179,181
Available-for-sale, Due after ten years, Fair Value	171,413
Available-for-sale,MBS/CMO/ABS, Fair Value	587,780
Available-for-sale, Fair Value	$ 1,014,433	$ 946,708

Investment Securities - Additio

Investment Securities - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Marketable Securities [Line Items]
Security Owned and Pledged as Collateral Carrying Value	$ 621,600,000		$ 638,200,000
Realized available-for-sale securities gains (losses)	0	$ 34,000
Preferred and common stock held as investment securities	5,736,000		5,773,000
Loss on equity securities	$ (37,000)	$ (1,445,000)
Minimum [Member]
Marketable Securities [Line Items]
Loss Rate Percent	3%
Preferred and Common Stock [Member]
Marketable Securities [Line Items]
Preferred and common stock held as investment securities	$ 5,700,000		$ 5,800,000

Investment Securities - Unreali

Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Total temporarily impaired securities, Duration Unrealized Loss Position, Less Than Twelve Months, Fair Value	$ 68,313	$ 14,581
Total temporarily impaired securities, Duration of Unrealized Loss Position, Less Than 12 Months, Gross Unrealized Loss	(286)	(120)
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Fair Value	859,021	897,716
Total temporarily impaired securities, Duration of Unrealized Loss Position, Twelve Months or Longer, Gross Unrealized Loss	(167,562)	(160,976)
Total temporarily impaired securities, Duration of Unrealized Loss Position, Fair Value	927,334	912,297
Total temporarily impaired securities, Duration of Unrealized Loss Position, Unrealized Loss	(167,848)	(161,096)
Obligations of U.S. government corporations and agencies [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	7,132	3,986
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(6)	(9)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	96,680	97,612
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(19,535)	(18,791)
Available-for-sale securities, Total, Fair Value	103,812	101,598
Available-for-sale securities, Total, Unrealized Loss	(19,541)	(18,800)
Mortgage-backed securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	12,963	0
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(54)	0
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	150,635	156,508
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(31,688)	(29,167)
Available-for-sale securities, Total, Fair Value	163,598	156,508
Available-for-sale securities, Total, Unrealized Loss	(31,742)	(29,167)
Collateralized mortgage obligations [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	12,222	0
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(80)	0
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	223,518	229,659
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(51,164)	(49,436)
Available-for-sale securities, Total, Fair Value	235,740	229,659
Available-for-sale securities, Total, Unrealized Loss	(51,244)	(49,436)
Asset-backed securities [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	27,511	0
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(57)	0
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	85,749	113,444
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(4,786)	(5,505)
Available-for-sale securities, Total, Fair Value	113,260	113,444
Available-for-sale securities, Total, Unrealized Loss	(4,843)	(5,505)
Corporate bonds [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	0	0
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	0	0
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	62,605	62,420
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(8,405)	(8,672)
Available-for-sale securities, Total, Fair Value	62,605	62,420
Available-for-sale securities, Total, Unrealized Loss	(8,405)	(8,672)
Obligations of state and political subdivisions [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	8,485	10,595
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss	(89)	(111)
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	191,346	188,896
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(44,803)	(42,850)
Available-for-sale securities, Total, Fair Value	199,831	199,491
Available-for-sale securities, Total, Unrealized Loss	(44,892)	(42,961)
US Treasuries [Member]
Available-for-sale securities, Duration of Unrealized Loss Position, Less than 12 Months, Fair Value	0	0
Available-for-sale Securities, Duration of Unrealized Loss Position, Less than 12 Months, Gross Unrealized Loss		0
Available-for-sale securities, Duration of Unrealized Loss Position, 12 Months or Longer, Fair Value	48,488	49,177
Available-for-sale Securities, Duration of Unrealized Loss Position, 12 Months or Longer, Gross Unrealized Loss	(7,181)	(6,555)
Available-for-sale securities, Total, Fair Value	48,488	49,177
Available-for-sale securities, Total, Unrealized Loss	$ (7,181)	$ (6,555)

Loans - Schedule of Loans Recei

Loans - Schedule of Loans Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Real Estate:
Real Estate	$ 5,405,728	$ 5,488,993
Other Loans:
Total loans	6,889,791	7,007,586
Deduct:
Undisbursed construction loan funds	(208,923)	(281,466)
Net deferred loan origination fees and costs	12,877	13,267
Allowance for credit losses	(76,679)	(76,512)	$ (74,273)	$ (72,816)
Totals	6,617,066	6,662,875
Other Loan [Member]
Other Loans:
Total loans	1,484,063	1,518,593
Residential Real Estate [Member]
Real Estate:
Real Estate	1,816,416	1,810,265
Commercial Real Estate [Member]
Real Estate:
Real Estate	2,830,086	2,839,905
Construction Loans [Member]
Real Estate:
Real Estate	759,226	838,823
Commercial [Member]
Other Loans:
Total loans	1,031,037	1,056,803
Deduct:
Allowance for credit losses	(15,877)	(15,489)	(12,525)	(11,769)
Home Equity and Improvement [Member]
Other Loans:
Total loans	265,362	267,960
Consumer Finance [Member]
Other Loans:
Total loans	187,664	193,830
Deduct:
Allowance for credit losses	$ (2,244)	$ (1,893)	$ (2,152)	$ (2,049)

Loans - Additional Information

Loans - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) Loan	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Modified loans on non-accrual status or partial charge off	$ 7,000
Anticipated credit losses	$ 560	$ 3,944
Allowance for credit losses current policy description	Current policy dictates that a loan will be placed on nonaccrual status, with the current accrued interest receivable balance being written off, upon the loan being 90 days delinquent or when the loan is deemed to be collateral dependent and the collateral analysis shows less than 1.2 times discounted collateral coverage based on a current assessment of the value of the collateral.
Loans and Leases Receivable, Loans in Process	$ 208,923		$ 281,466
Number of modified loans on nonaccrual status | Loan	3
Number of modified loans on current status | Loan	5
Scenario Plan [Member]
Anticipated credit losses	$ 3,600
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Loans in Process	12,100		$ 7,900
Unfunded Loan Commitments [Member]
Unfunded loan commitments	$ 1,300,000

Loans - Summary of Amortized Co

Loans - Summary of Amortized Cost Basis of Collateral-dependent Loans by Class of Loans and Collateral Type (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	$ 6,617,066	$ 6,662,875
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	8,179	7,704
Equipment and Machinery [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	11,104	8,781
Inventory and Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	3,733	2,309
Vehicles [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	73	705
Collateral Pledged [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	23,089	19,499
Real Estate Loans [Member] | Real Estate [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	7,256	6,407
Real Estate Loans [Member] | Collateral Pledged [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	7,256	6,407
Other Loans [Member] | Real Estate [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	923	1,297
Other Loans [Member] | Equipment and Machinery [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	11,104	8,781
Other Loans [Member] | Inventory and Receivables [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	3,733	2,309
Other Loans [Member] | Vehicles [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	73	705
Other Loans [Member] | Collateral Pledged [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Totals	$ 15,833	$ 13,092

Loans - Schedule of Current Bal

Loans - Schedule of Current Balance of Non-Performing Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial Asset Acquired and No Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with no allocated allowance for credit losses	$ 5,778	$ 918
Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	33,253	34,573
Residential Real Estate [Member] | Financial Asset Acquired and No Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with no allocated allowance for credit losses	520	572
Residential Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	10,690	12,456
Commercial Real Estate [Member] | Financial Asset Acquired and No Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with no allocated allowance for credit losses	1,449	196
Commercial Real Estate [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	5,669	5,775
Commercial Portfolio Segment [Member] | Financial Asset Acquired and No Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with no allocated allowance for credit losses	2,924	150
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	9,597	8,499
Home equity and improvement [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	1,847	1,417
Consumer Finance [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	3,483	3,433
PCD [Member] | Financial Asset Acquired and No Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with no allocated allowance for credit losses	885	0
PCD [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with allocated allowance for credit losses	$ 1,967	$ 2,993

Loans - Schedule of Aging of th

Loans - Schedule of Aging of the Amortized Cost/ Recorded Investment in Past Due and Non- Accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 39,509	$ 41,408
Total Non-Accrual	39,031	35,491
Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	6,654,236	6,697,979
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	10,793	6,500
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	8,126	14,755
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	20,590	20,153
Real Estate Loans [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	15,068	19,670
Total Non-Accrual	11,210	13,028
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,797,600	1,786,537
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	300	152
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	5,336	8,302
Real Estate Loans [Member] | Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	9,432	11,216
Real Estate Loans [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,248	1,750
Total Non-Accrual	7,118	5,971
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,830,522	2,841,209
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	406	163
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	677	312
Real Estate Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,165	1,275
Real Estate Loans [Member] | Construction Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	108
Total Non-Accrual	0	0
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	550,303	557,249
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	108
Real Estate Loans [Member] | Construction Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	0	0
Other Loans [Member] | Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	7,756
Total Non-Accrual	12,521
Other Loans [Member] | Commercial Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,019,317
Other Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	4,428
Other Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	12
Other Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,316
Other Loans [Member] | Commercial Loan Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		3,769
Total Non-Accrual		8,649
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		1,051,034
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		191
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		2,446
Other Loans [Member] | Commercial Loan Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due		1,132
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,713	3,677
Total Non-Accrual	1,847	1,417
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	260,184	262,404
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,245	2,084
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	203	635
Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,265	958
Other Loans [Member] | Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	7,422	8,383
Total Non-Accrual	3,483	3,433
Other Loans [Member] | Consumer Portfolio Segment [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	182,408	187,624
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,187	3,699
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	1,237	1,681
Other Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	2,998	3,003
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	3,302	4,051
Total Non-Accrual	2,852	2,993
PCD [Member] | Current [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	13,902	11,922
PCD [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	227	211
PCD [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	661	1,271
PCD [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Past Due	$ 2,414	$ 2,569

Loans - Schedule of Percentage

Loans - Schedule of Percentage of the Amortized Cost Basis of Loan Category (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost basis in loan modification	$ 8,110
Real Estate Loans [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total loans	0%
Amortized cost basis in loan modification	$ 0
Real Estate Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total loans	0.01%
Amortized cost basis in loan modification	$ 352
Other Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of total loans	0.75%
Amortized cost basis in loan modification	$ 7,758

Loans - Schedule of Financial E

Loans - Schedule of Financial Effects of Loan Modifications (Details)	3 Months Ended
	Mar. 31, 2024
Real Estate Loans [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	6 months
Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	192 months
Other Loans [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest rate prior to loan modification reduction	10.50%
Interest rate after loan modification reduction	8.50%
Other Loans [Member] | Extended Maturity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	189 months
Other Loans [Member] | Extended Maturity [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	5 months
Other Loans [Member] | Minimum [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	5 years
Other Loans [Member] | Maximum [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financial effect term extension to loan maturity	10 years
Other Loans [Member] | Commercial [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest rate after loan modification reduction	8.25%
Other Loans [Member] | Other Loans Commercial [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest rate prior to loan modification reduction	11%

Loans - Schedule of Risk Catego

Loans - Schedule of Risk Category of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 6,693,745	[1]	$ 6,739,387	[2]
Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	6,502,231	[1]	6,552,997	[2]
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	96,415	[1]	116,699	[2]
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	95,099	[1]	69,691	[2]
Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	95,099	[1]	69,691	[2]
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,812,668		1,806,207
Residential Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,799,974		1,791,663
Residential Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	487		594
Residential Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	12,207		13,950
Residential Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	12,207		13,950
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,832,770		2,842,959
Commercial Real Estate [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,753,838		2,765,898
Commercial Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	53,456		50,784
Commercial Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	25,476		26,277
Commercial Real Estate [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	25,476		26,277
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	550,303		557,357
Construction Loans [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	542,803		549,867
Construction Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	7,500		7,490
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,027,073		1,054,803
Commercial [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	945,021		975,233
Commercial [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	32,487		57,634
Commercial [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	49,565		21,936
Commercial [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	49,565		21,936
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	263,897		266,081
Home Equity and Improvement [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	262,046		264,663
Home Equity and Improvement [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,851		1,418
Home Equity and Improvement [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	1,851		1,418
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	189,830		196,007
Consumer Finance [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	186,543		192,774
Consumer Finance [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	3,287		3,233
Consumer Finance [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	3,287		3,233
PCD [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	17,204		15,973
PCD [Member] | Unclassified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	12,006		12,899
PCD [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,485		197
PCD [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	2,713		2,877
PCD [Member] | Total Classified [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Net	$ 2,713		$ 2,877
[1] (1) Total loans are net of undisbursed funds and deferred fees and costs. (1) Total loans are net undisbursed loan funds and deferred fees and costs

Loans - Summary of Amortized _2

Loans - Summary of Amortized Cost Basis of Loans by Credit Quality Indicator and Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024		Dec. 31, 2023
Financing Receivable Recorded Investment [Line Items]
Total	$ 6,693,745	[1]	$ 6,739,387	[2]
Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	24,361		46,649
Year 1	52,803		628,750
Year 2	635,303		433,068
Year 3	421,895		307,308
Year 4	299,565		87,167
Prior	376,869		302,111
Revolving Loans	1,872		1,154
Total	1,812,668		1,806,207
Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	25,150		187,446
Year 1	181,550		630,953
Year 2	648,215		548,759
Year 3	543,432		474,307
Year 4	461,483		306,948
Prior	954,011		675,246
Revolving Loans	18,929		19,300
Total	2,832,770		2,842,959
Construction Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	3,178		51,807
Year 1	61,874		329,587
Year 2	324,158		125,035
Year 3	127,431		44,114
Year 4	32,458		6,814
Prior	1,204
Total	550,303		557,357
Commercial Loan Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	22,771		131,078
Year 1	121,416		251,859
Year 2	240,473		174,050
Year 3	164,408		61,991
Year 4	57,796		31,025
Prior	57,752		31,774
Revolving Loans	362,457		373,026
Total	1,027,073		1,054,803
Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	2,793		19,554
Year 1	18,446		24,989
Year 2	23,880		18,075
Year 3	17,419		4,405
Year 4	4,261		2,935
Prior	28,406		27,159
Revolving Loans	168,692		168,964
Total	263,897		266,081
Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	13,052		45,017
Year 1	40,178		99,763
Year 2	92,156		23,181
Year 3	20,788		11,572
Year 4	10,294		7,618
Prior	7,651		1,799
Revolving Loans	5,711		7,057
Total	189,830		196,007
PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 4			114
Prior	14,381		15,023
Revolving Loans	2,823		836
Total	17,204		15,973
Current-period gross charge-offs [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1			3
Year 2	14		218
Year 3	21
Year 4	6		6
Prior	20		93
Total	61		320
Current-period gross charge-offs [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3	13		274
Year 4			399
Prior			1,632
Revolving Loans			14
Total	13		2,319
Current-period gross charge-offs [Member] | Commercial Loan Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1			57
Year 3			1
Year 4			498
Prior			65
Revolving Loans	59		1,713
Total	59		2,334
Current-period gross charge-offs [Member] | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3	1
Year 4			7
Prior			30
Revolving Loans	80		123
Total	81		160
Current-period gross charge-offs [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1	66		437
Year 2	226		260
Year 3	100		185
Year 4	18		95
Prior	27		450
Revolving Loans			51
Total	437		1,478
Current-period gross charge-offs [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Prior	52		122
Revolving Loans			31
Total	52		153
Unclassified [Member]
Financing Receivable Recorded Investment [Line Items]
Total	6,502,231	[1]	6,552,997	[2]
Unclassified [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	24,361		46,218
Year 1	52,282		625,993
Year 2	633,439		430,801
Year 3	419,394		305,077
Year 4	297,589		86,103
Prior	371,037		296,317
Revolving Loans	1,872		1,154
Total	1,799,974		1,791,663
Unclassified [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	25,150		187,446
Year 1	181,078		619,860
Year 2	636,688		516,527
Year 3	511,429		470,751
Year 4	457,970		305,114
Prior	923,289		647,079
Revolving Loans	18,234		19,121
Total	2,753,838		2,765,898
Unclassified [Member] | Construction Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	3,178		51,807
Year 1	61,874		322,097
Year 2	316,658		125,035
Year 3	127,431		44,114
Year 4	32,458		6,814
Prior	1,204
Total	542,803		549,867
Unclassified [Member] | Commercial Loan Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	22,699		121,527
Year 1	112,043		248,455
Year 2	234,679		148,220
Year 3	139,766		50,554
Year 4	47,047		28,427
Prior	49,932		26,799
Revolving Loans	338,855		351,251
Total	945,021		975,233
Unclassified [Member] | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	2,793		19,554
Year 1	18,446		24,870
Year 2	23,796		18,061
Year 3	17,419		4,405
Year 4	4,261		2,935
Prior	28,025		26,904
Revolving Loans	167,306		167,934
Total	262,046		264,663
Unclassified [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	13,052		44,735
Year 1	39,834		98,287
Year 2	90,705		22,588
Year 3	20,219		11,067
Year 4	9,925		7,337
Prior	7,300		1,706
Revolving Loans	5,508		7,054
Total	186,543		192,774
Unclassified [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 4			114
Prior	11,494		12,264
Revolving Loans	512		521
Total	12,006		12,899
Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Total	96,415	[1]	116,699	[2]
Special Mention [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 3			170
Year 4	167		33
Prior	320		391
Total	487		594
Special Mention [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1	472		10,361
Year 2	10,785		28,743
Year 3	28,543		3,324
Year 4	3,292		83
Prior	9,722		8,124
Revolving Loans	642		149
Total	53,456		50,784
Special Mention [Member] | Construction Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1			7,490
Year 2	7,500
Total	7,500		7,490
Special Mention [Member] | Commercial Loan Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year	72		9,551
Year 1	1,912		2,475
Year 2	3,961		14,625
Year 3	12,232		10,670
Year 4	531		1,607
Prior	3,880		3,805
Revolving Loans	9,899		14,901
Total	32,487		57,634
Special Mention [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Prior	174		197
Revolving Loans	2,311
Total	2,485		197
Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Total	95,099	[1]	69,691	[2]
Substandard [Member] | Residential Real Estate [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Current year			431
Year 1	521		2,757
Year 2	1,864		2,267
Year 3	2,501		2,061
Year 4	1,809		1,031
Prior	5,512		5,403
Total	12,207		13,950
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1			732
Year 2	742		3,489
Year 3	3,460		232
Year 4	221		1,751
Prior	21,000		20,043
Revolving Loans	53		30
Total	25,476		26,277
Substandard [Member] | Commercial Loan Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1	7,461		929
Year 2	1,833		11,205
Year 3	12,410		767
Year 4	10,218		991
Prior	3,940		1,170
Revolving Loans	13,703		6,874
Total	49,565		21,936
Substandard [Member] | Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Year 1			119
Year 2	84		14
Prior	381		255
Revolving Loans	1,386		1,030
Total	1,851		1,418
Substandard [Member] | Consumer Portfolio Segment [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Current year			282
Year 1	344		1,476
Year 2	1,451		593
Year 3	569		505
Year 4	369		281
Prior	351		93
Revolving Loans	203		3
Total	3,287		3,233
Substandard [Member] | PCD [Member] | Other Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Prior	2,713		2,562
Revolving Loans			315
Total	$ 2,713		$ 2,877
[1] (1) Total loans are net of undisbursed funds and deferred fees and costs. (1) Total loans are net undisbursed loan funds and deferred fees and costs

Loans - Summary of Credit Loss

Loans - Summary of Credit Loss Estimation (Details)	3 Months Ended
	Mar. 31, 2024
Residential Portfolio Segment [Member] | Real Estate [Member] | 1-4 Family Nonowner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Residential real estate
Loan Pool	1-4 Family nonowner occupied
Methodology	DCF
Loss Drivers	National unemployment
Residential Portfolio Segment [Member] | Real Estate [Member] | 1-4 Family Owner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Residential real estate
Loan Pool	1-4 Family owner occupied
Methodology	DCF
Loss Drivers	National unemployment
Commercial Portfolio Segment [Member] | Real Estate [Member] | Commercial Real Estate Nonowner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Commercial real estate nonowner occupied
Methodology	DCF
Loss Drivers	National unemployment
Commercial Portfolio Segment [Member] | Real Estate [Member] | Commercial Real Estate Owner Occupied [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Commercial real estate owner occupied
Methodology	DCF
Loss Drivers	National unemployment
Commercial Portfolio Segment [Member] | Real Estate [Member] | Commercial Loan Other [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	real estate
Loan Pool	Other commercial real estate
Methodology	DCF
Loss Drivers	National unemployment
Commercial Portfolio Segment [Member] | Real Estate [Member] | Multi Family [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Multi Family
Methodology	DCF
Loss Drivers	National unemployment
Commercial Portfolio Segment [Member] | Real Estate [Member] | Agriculture Land [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial real estate
Loan Pool	Agriculture Land
Methodology	DCF
Loss Drivers	National unemployment
Construction Portfolio Segment [Member] | Real Estate [Member] | Construction Residential [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Construction secured by real estate
Loan Pool	Construction Residential
Methodology	PD/LGD
Loss Drivers	Call report loss history
Construction Portfolio Segment [Member] | Real Estate [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Construction secured by real estate
Loan Pool	Construction Other
Methodology	PD/LGD
Loss Drivers	Call report loss history
Commercial Loan Portfolio Segment [Member] | Other Loans [Member] | Commercial Loan Other [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Other commercial
Methodology	PD/LGD
Loss Drivers	Call report loss history
Commercial Loan Portfolio Segment [Member] | Other Loans [Member] | Agriculture Production [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Agriculture production
Methodology	PD/LGD
Loss Drivers	Call report loss history
Commercial Loan Portfolio Segment [Member] | Other Loans [Member] | Commercial Working Capital [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Commercial
Loan Pool	Commercial working capital
Methodology	PD/LGD
Loss Drivers	Call report loss history
Home Equity and Improvement Portfolio Segment [Member] | Other Loans [Member] | Home Equity and Improvement [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Home equity and improvement
Loan Pool	Home equity and improvement
Methodology	PD/LGD
Loss Drivers	Call report loss history
Consumer Portfolio Segment [Member] | Other Loans [Member] | Consumer Direct [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Consumer finance
Loan Pool	Consumer direct
Methodology	Remaining life
Loss Drivers	Call report loss history
Consumer Portfolio Segment [Member] | Other Loans [Member] | Consumer Indirect [Member]
Financing Receivable Recorded Investment [Line Items]
Portfolio Segments	Consumer finance
Loan Pool	Consumer indirect
Methodology	DCF
Loss Drivers	National unemployment

Loans - Schedule of Allowance f

Loans - Schedule of Allowance for Credit Loss (ACL) Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	$ 76,512	$ 72,816
Charge-Offs	(703)	(2,713)
Recoveries	310	226
Provisions	560	3,944
Ending Allowance	76,679	74,273
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	15,489	11,769
Charge-Offs	(82)	(511)
Recoveries	216	96
Provisions	254	1,171
Ending Allowance	15,877	12,525
Consumer Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	1,893	2,049
Charge-Offs	(466)	(449)
Recoveries	64	75
Provisions	753	477
Ending Allowance	2,244	2,152
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	17,215	16,711
Charge-Offs	(61)	(5)
Recoveries	9	22
Provisions	3,047	1,501
Ending Allowance	20,210	18,229
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	36,053	34,218
Charge-Offs	(13)	(1,669)
Recoveries	7	12
Provisions	(2,907)	1,270
Ending Allowance	33,140	33,831
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	3,159	4,025
Charge-Offs	0	0
Recoveries	0	0
Provisions	(815)	(143)
Ending Allowance	2,344	3,882
Home Equity and Improvement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning Allowance	2,703	4,044
Charge-Offs	(81)	(79)
Recoveries	14	21
Provisions	228	(332)
Ending Allowance	$ 2,864	$ 3,654

Loans - Schedule of Outstanding

Loans - Schedule of Outstanding Balance and Related Allowance on Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loan Balance	$ 6,889,791	$ 7,007,586
Loan Purchase [Member]
Loan Balance	17,204	15,973
ACL Balance	466	586
Loan Purchase [Member] | Real Estate [Member]
Loan Balance	11,639	11,922
ACL Balance	189	176
Loan Purchase [Member] | Real Estate [Member] | Residential Real Estate [Member]
Loan Balance	9,692	9,882
ACL Balance	143	126
Loan Purchase [Member] | Real Estate [Member] | Commercial Portfolio Segment [Member]
Loan Balance	1,947	2,040
ACL Balance	46	50
Loan Purchase [Member] | Other Loans [Member]
Loan Balance	5,565	4,051
ACL Balance	277	410
Loan Purchase [Member] | Other Loans [Member] | Commercial Loan Portfolio Segment [Member]
Loan Balance	3,937	1,968
ACL Balance	244	351
Loan Purchase [Member] | Other Loans [Member] | Home Equity and Improvement Portfolio Segment [Member]
Loan Balance	1,465	1,879
ACL Balance	27	54
Loan Purchase [Member] | Other Loans [Member] | Consumer Portfolio Segment [Member]
Loan Balance	163	204
ACL Balance	$ 6	$ 5

Mortgage Banking - Net revenues

Mortgage Banking - Net revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Mortgage Banking [Abstract]
Mortgage banking gain (loss), net	$ 1,283	$ (837)
Mortgage loans servicing revenue (expense):
Mortgage loans servicing revenue	1,842	1,888
Amortization of mortgage servicing rights	(1,238)	(1,219)
Mortgage servicing rights valuation adjustments	463	(106)
Mortgage loans servicing revenue (expense), Total	1,067	563
Net revenue (expense) from sale and servicing of mortgage loans	$ 2,350	$ (274)

Mortgage Banking - Additional i

Mortgage Banking - Additional information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Mortgage Banking [Abstract]
Residential mortgage loans, unpaid balance	$ 2,890,000,000		$ 2,890,000,000
Expenses (credit) relating to secondary market buy-back activity	$ 0	$ 0

Mortgage Banking - Capitalized

Mortgage Banking - Capitalized Mortgage and Valuation Allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Mortgage servicing assets:
Balance at beginning of period	$ 19,452	$ 21,858
Loans sold, servicing retained	707	808
Amortization	(1,238)	(1,219)
Carrying value before valuation allowance at end of period	18,921	21,447
Valuation allowance:
Balance at beginning of period	(756)	(687)
Impairment recovery (charges)	463	(106)
Balance at end of period	(293)	(793)
Net carrying value of MSRs at end of period	18,628	20,654
Fair value of MSRs at end of period	$ 27,599	$ 28,165

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Lessee Lease Description [Line Items]
Option extensions	true
Operating lease, option to extend	options for multiple five and ten year extensions
Operating lease, weighted average remaining lease term	12 years 9 months 14 days		13 years 3 months 7 days
Operating lease, weighted average discount rate	2.66%		2.58%
Operating Lease, cost	$ 610,000	$ 681,000
Operating Lease, right-of-use asset	$ 14,000,000		$ 13,500,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets		Other assets
Operating Lease, liability	$ 14,449,000		$ 13,900,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities		Other liabilities
Finance Lease, Weighted Average Remaining Lease Term	6 years 8 months 26 days		6 years 10 months 13 days
Weighted Average Discount Rate For Finance Leases	4.71%		4.81%
Minimum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, renewal term	5 years
Maximum [Member]
Lessee Lease Description [Line Items]
Lessee, Operating Lease, renewal term	10 years

Leases - Schedule of Undiscount

Leases - Schedule of Undiscounted Cash Flows Included in Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Remainder of 2024	$ 1,893
2025	1,593
2026	1,348
2027	1,270
2028	1,126
Thereafter	9,637
Total undiscounted minimum lease payments	16,867
Present value adjustment	(2,418)
Total lease liabilities	$ 14,449	$ 13,900

Deposits - Summary of Deposit B

Deposits - Summary of Deposit Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Non-interest-bearing checking accounts	$ 1,467,161	$ 1,591,979
Interest-bearing checking and money market accounts	3,284,200	3,177,369
Savings Deposits	656,491	678,076
Retail certificates of deposit less than $250,000	851,361	827,479
Retail certificates of deposit greater than $250,000	555,392	526,199
Brokered deposits	368,782	341,944
Total	$ 7,183,387	$ 7,143,046

Borrowings - Schedule of Bank L

Borrowings - Schedule of Bank Line of Credit Advance, Junior Subordinated Debentures and Subordinated Debentures (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total	$ 253,000	$ 280,000
Junior subordinated debentures owed to unconsolidated subsidiary trusts	36,083	36,083
Subordinated debentures	49,178	49,146
First Defiance Statutory Trusts I [Member]
Debt Instrument [Line Items]
Junior subordinated debentures owed to unconsolidated subsidiary trusts	20,619	20,619
First Defiance Statutory Trusts II [Member]
Debt Instrument [Line Items]
Junior subordinated debentures owed to unconsolidated subsidiary trusts	15,464	15,464
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Overnight Advances	128,000	155,000
Single maturity fixed rate advances	$ 125,000	$ 125,000

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2020	Dec. 31, 2023
Debt Instrument [Line Items]
Advances from Federal Home Loan Bank	$ 253,000		$ 280,000
Period for Interest Deferral on Trust Preferred Securities	5 years
Premier Statutory Trust II [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Subordinated Long-term Debt	$ 15,500
Proceeds from Issuance of Trust Preferred Securities	$ 15,000
Coupon Rate on Preferred Securities, Period End	7.09%		7.15%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Description	The Trust Preferred Securities and Subordinated Debentures mature on September 15, 2037, but can be redeemed at the Company’s option at any time.
Premier Statutory Trust II [Member] | SOFR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Preferred Securities Variable Interest Rate	SOFR rate plus 1.5%
Premier Statutory Trust I [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Subordinated Long-term Debt	$ 20,600
Proceeds from Issuance of Trust Preferred Securities	$ 20,000
Coupon Rate on Preferred Securities, Period End	6.97%		7.03%
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Description	The Trust Preferred Securities and Subordinated Debentures mature on December 15, 2035, but can be redeemed at the Company’s option at any time now.
Premier Statutory Trust I [Member] | SOFR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.38%
Preferred Securities Variable Interest Rate	SOFR rate plus 1.38%
Subordinated Debt [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 50,000
Subordinated notes, due date		Sep. 30, 2030
Subordinated notes, fixed Interest rate		4%
Subordinated notes, fixed interest rate, period		5 years
Basis spread on variable rate		3.885%
Proceeds from Issuance of Subordinated Long-term Debt		$ 48,700
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Advances from Federal Home Loan Bank	$ 253,000		$ 280,000
Company's available borrowing capacity	1,400,000		2,000,000
Federal Reserve Bank Discount Window [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	691,000		531,500
US Bank [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000		$ 50,000

Commitments, Guarantees and C_3

Commitments, Guarantees and Contingent Liabilities - Maximum obligation to extend credit (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments to make loans	$ 508,329	$ 407,532
Unused lines of credit	1,053,413	1,024,838
Standby letters of credit	21,126	17,500
Total	$ 1,582,868	$ 1,449,870

Commitments, Guarantees and C_4

Commitments, Guarantees and Contingent Liabilities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Loan commitments maturities range description	60 days or less

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Current:
Federal	$ 2,972	$ 3,352
State and local	204	136
Deferred	1,338	615
Income Tax Expense (Benefit)	$ 4,514	$ 4,103

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Tax expense at statutory rate (21%)	$ 4,684	$ 4,673
Increases (decreases) in taxes from:
State income tax - net of federal tax benefit	161	107
Tax exempt interest income, net of TEFRA	(41)	(140)
Bank owned life insurance	(356)	(298)
Captive insurance	0	(92)
Other	66	(147)
Income Tax Expense (Benefit)	$ 4,514	$ 4,103

Income Taxes - Schedule of Ef_2

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation - (Parenthetical) - (Details)	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Derivatives Fair Value [Line Items]
Interest rate derivative instruments not designated as hedging instruments at fair value, net	$ 34,500,000		$ 12,100,000
Notional amount of interest rate derivative instruments not designated as hedging instruments	$ 355,000,000		$ 385,000,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities		Other Liabilities
Interest Rate Swaps [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate derivative instruments not designated as hedging instruments	$ 91,100,000		$ 83,700,000
Fair value of derivative assets	2,800,000		2,900,000
Fair value of derivative liabilities	2,800,000		2,900,000
Noninterest income expense	33,000	$ 191,000
Interest Rate Swaps [Member] | Cash Flow Hedge [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate derivative instruments designated as cash flow hedge	250,000,000
Interest Rate Swaps [Member] | Cash Flow Hedge [Member] | Federal Home Loan Bank [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate derivative instruments designated as cash flow hedge	125,000,000
Interest Rate Swaps [Member] | Fair Value Hedging [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate derivative instruments designated as cash flow hedge	375,000,000
Interest Rate Swaps [Member] | Fair Value Hedging [Member] | Fixed Rate Residential Mortgage [Member]
Derivatives Fair Value [Line Items]
Notional amount of interest rate derivative instruments designated as cash flow hedge	125,000,000
Aggregate fair value of interest rate cash flow hedge			1,300,000,000
Other Assets [Member] | Interest Rate Swaps [Member] | Cash Flow Hedge [Member]
Derivatives Fair Value [Line Items]
Aggregate fair value of interest rate cash flow hedge	900,000		300,000
Other Assets [Member] | Interest Rate Swaps [Member] | Fair Value Hedging [Member]
Derivatives Fair Value [Line Items]
Aggregate fair value of interest rate cash flow hedge	2,800,000		800,000
Other Liabilities [Member] | Interest Rate Swaps [Member] | Cash Flow Hedge [Member]
Derivatives Fair Value [Line Items]
Aggregate fair value of interest rate cash flow hedge	$ 39,100,000		$ 34,600,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Carrying Values (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivatives not designated as hedging instruments
Mortgage Banking Derivatives	$ 256	$ (4,750)

Derivative Financial Instrume_5

Derivative Financial Instruments - Amount of Gains and Losses Recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Price Risk Derivative Instruments Not Designated as Hedging Instruments, at Fair Value, Net [Abstract]
Mortgage Banking Derivatives - (Loss) Gain	$ 5,006	$ (2,697)

Derivative Financial Instrume_6

Derivative Financial Instruments - Summary of Interest Rate Swap Designated as Cash Flow Hedge and Fair Value Hedge (Details) - Interest Rate Swaps [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Cash Flow Hedge [Member]
Derivative [Line Items]
Notional amount	$ 250,000
Designated as Cash Flow Hedge [Member]
Derivative [Line Items]
Notional amount	$ 250,000	$ 250,000
Weighted average fixed pay rates	1.437%	1.437%
Weighted average remaining maturity (in years)	6 years 7 months 6 days	6 years 10 months 24 days
Fair value	$ (39,109)	$ (34,575)
Designated as Cash Flow Hedge [Member] | SOFR [Member]
Derivative [Line Items]
Weighted average variable SOFR receive rates	5.455%	5.475%
Designated as Cash Flow Hedge [Member] | Fair Value Hedges [Member]
Derivative [Line Items]
Notional amount	$ 375,000	$ 375,000
Weighted average fixed pay rates	4.113%	4.113%
Weighted average remaining maturity (in years)	1 year 10 months 24 days	2 years 2 months 12 days
Fair value	$ 2,821	$ (817)
Designated as Cash Flow Hedge [Member] | Fair Value Hedges [Member] | SOFR [Member]
Derivative [Line Items]
Weighted average variable SOFR receive rates	5.329%	5.35%
Designated as Cash Flow Hedge [Member] | Cash Flow Hedge [Member]
Derivative [Line Items]
Notional amount	$ 125,000	$ 125,000
Weighted average fixed pay rates	4.16%	4.16%
Weighted average remaining maturity (in years)	1 year 1 month 6 days	1 year 4 months 24 days
Fair value	$ 946	$ 300
Designated as Cash Flow Hedge [Member] | Cash Flow Hedge [Member] | SOFR [Member]
Derivative [Line Items]
Weighted average variable SOFR receive rates	5.329%	5.35%

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) - Reclassification adjustments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Securities available for sale and transferred securities: Before Tax Amount
Change in net unrealized gains/losses during the period	$ (6,696)	$ 18,399
Reclassification adjustment for net gains included in net income	0	(34)
Total other comprehensive income (loss)	(10,584)	25,002
Cash flow hedge derivatives
Change in net unrealized gain/loss during the period	(6,024)	8,586
Reclassification adjustment for net gains/loss included in net income	2,136	(1,949)
Change in net unrealized gain/loss during the period, Tax (expense) benefit	1,265	(1,803)
Reclassification adjustment for net gains/loss included in net income, Tax (expense) benefit	(449)	409
Change in net unrealized gain/loss during the period, Net of tax	(4,759)	6,783
Reclassification adjustment for net gains/loss included in net income, Net of tax	1,687	(1,540)
Securities available for sale and transferred securities: Tax (Expense) Benefit
Change in net unrealized gain/loss during the period	1,406	(3,864)
Reclassification adjustment for net gains included in net income	0	7
Total other comprehensive gain (loss)	2,222	(5,251)
Securities available for sale and transferred securities:
Change in net unrealized gain/loss during the period	(5,290)	14,535
Reclassification adjustment for net gains included in net income	0	(27)
Total other comprehensive income (loss)	$ (8,362)	$ 19,751

Other Comprehensive Income (L_4

Other Comprehensive Income (Loss) - Activity in AOCI, net of tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Securities Available For Sale, Beginning balance	$ (127,033)	$ (142,236)
Securities Available For Sale, Other comprehensive income (loss) before reclassifications	(5,290)	14,535
Securities Available For Sale, Amounts reclassified from accumulated other comprehensive income	0	(27)
Securities Available For Sale, Net other comprehensive income (loss) during period	(5,290)	14,508
Securities Available For Sale, Ending balance	(132,323)	(127,728)
Post-retirement Benefit, Beginning balance	393	402
Post-retirement Benefit, Ending balance	393	402
Cash Flow hedge Derivatives, Beginning balance	(27,079)	(31,626)
Cash Flow Hedge Derivatives, Other comprehensive income (loss) before reclassifications	(4,759)	6,783
Cash Flow Hedge Derivatives, Amounts reclassified from accumulated other comprehensive income	1,687	(1,540)
Cash Flow Hedge Derivatives, Net other comprehensive income (loss) during period	(3,072)	5,243
Cash Flow hedge Derivatives, Ending balance	(30,151)	(26,383)
Accumulated Other Comprehensive Income (Loss), Beginning balance	(153,719)	(173,460)
Accumulated Other Comprehensive Income (Loss), Other comprehensive income (loss) before reclassifications	(10,049)	21,318
Accumulated Other Comprehensive Income (Loss), Amounts reclassified from accumulated other comprehensive income	1,687	(1,567)
Total other comprehensive income (loss)	(8,362)	19,751
Accumulated Other Comprehensive Income (Loss), Ending balance	$ (162,081)	$ (153,709)