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Deposits

12 Months Ended

Dec. 31, 2023

Deposits.

Deposits

(7) Deposits

Deposits as of December 31, 2023 and 2022 and related interest expense for the years ended December 31, 2023, 2022, and 2021 were as follows:

​

​	​	​	​	​	​	​	​
​	​	2023		​	2022
​	​	(Dollars in Thousands)
Deposits:		​			​		​
Demand - non-interest bearing	​	​	​	​	​	​	​
Domestic	​	$	4,126,635	​	$	4,744,299	​
Foreign	​		904,210	​		1,101,756	​
Total demand non-interest bearing	​		5,030,845	​		5,846,055	​
Savings and interest bearing demand	​	​	​	​	​	​	​
Domestic	​		3,161,411	​		3,448,717	​
Foreign	​		1,207,121	​		1,297,051	​
Total savings and interest bearing demand	​		4,368,532	​		4,745,768	​
Time, certificates of deposit $100,000 or more	​	​	​	​	​	​	​
Domestic	​		763,419	​		652,073	​
Foreign	​		1,103,710	​		892,619	​
Less than $100,000	​	​	​	​	​	​	​
Domestic	​		289,565	​		276,660	​
Foreign	​		268,483	​		246,832	​
Total time, certificates of deposit	​		2,425,177	​		2,068,184	​
Total deposits	​	$	11,824,554	​	$	12,660,007	​

​

​

​	​	​	​	​	​	​	​	​	​	​
​	​	2023		​	2022		​	2021
​	​	(Dollars in Thousands)
Interest expense:		​			​			​		​
Savings and interest bearing demand	​	​	​	​	​	​	​	​	​	​
Domestic		$	42,148	​	$	9,196	​	$	3,268	​
Foreign		​	18,189	​		3,490	​		842	​
Total savings and interest bearing demand		​	60,337	​		12,686	​		4,110	​
Time, certificates of deposit $100,000 or more	​	​	​	​	​	​	​	​	​	​
Domestic		​	18,597	​		5,528	​		6,652	​
Foreign		​	25,471	​		3,867	​		3,452	​
Less than $100,000	​	​	​	​	​	​	​	​	​	​
Domestic		​	4,592	​		1,027	​		984	​
Foreign		​	4,498	​		735	​		567	​
Total time, certificates of deposit		​	53,158	​		11,157	​		11,655	​
Total interest expense on deposits	​	$	113,495	​	$	23,843	​	$	15,765	​

​

Scheduled maturities of time deposits as of December 31, 2023 were as follows:

​

​	​	​	​	​
​		Total
​	​	(in thousands)
2024	​	$	2,301,914	​
2025	​		85,385	​
2026	​		23,102	​
2027	​		14,200	​
2028	​		573	​
Thereafter	​		3	​
Total	​	$	2,425,177	​

​

Scheduled maturities of time deposits in amounts of $100,000 or more at December 31, 2023, were as follows:

​

​	​	​	​
​	​	Total
​	​	(in thousands)
Due within 3 months or less		$	859,734
Due after 3 months and within 6 months	​		517,994
Due after 6 months and within 12 months	​		409,193
Due after 12 months	​		80,208
​	​	$	1,867,129

​

Time deposits that meet or exceed the FDIC insurance limit of $250,000 at December 31, 2023 and December 31, 2022 were $749,169,000 and $585,456,000, respectively.

X

- References

No definition available.

+ Details

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X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481047/942-405-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

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