XML 37 R17.htm IDEA: XBRL DOCUMENT v3.25.0.1

Note 8 - Deposits

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

8.         Deposits

The following table displays deposit balances as of December 31, 2024, and December 31, 2023:

		As of December 31,
		2024				2023
		(In thousands)
Deposits
Non-interest-bearing demand deposits		$	3,284,342			$	3,529,018
Interest bearing demand deposits			2,205,695				2,370,685
Money market deposits			3,372,773				3,049,754
Savings deposits			1,252,788				1,039,203
Time deposits			9,570,601				9,336,787
Total deposits		$	19,686,199			$	19,325,447

Time deposits outstanding as of December 31, 2024, mature as follows.

		Expected Maturity Date at December 31,
		2025				2026				2027				2028				2029				Thereafter				Total
		(In thousands)
Time deposits		$	9,551,468			$	11,107			$	7,969			$	23			$	34			$	—			$	9,570,601

Accrued interest payable on client deposits was $27.9 million, $28.6 million, and $13.2 million as of December 31, 2024, 2023 and 2022, respectively. The following table summarizes the interest expense on deposits by account type for the years ended December 31, 2024, 2023, and 2022:

		Year Ended December 31,
		2024				2023				2022
		(In thousands)
Interest bearing demand		$	44,899			$	40,952			$	8,176
Money market accounts			115,428				86,097				39,913
Saving accounts			17,448				8,916				853
Time deposits			458,490				331,997				56,354
Total		$	636,265			$	467,962			$	105,296

The aggregate amount of domestic time deposits in denominations that meet or exceed the current FDIC insurance limit of $250 thousand was $5.60 billion and $5.30 billion as of December 31, 2024, and 2023, respectively. Foreign offices’ time deposits of $153.1 million and $174.2 million as of December 31, 2024, and 2023, respectively, were in denominations of greater than $250 thousand.

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/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

+ Details

Name:	us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration