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DEPOSITS

12 Months Ended

Dec. 31, 2024

Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]

DEPOSITS

DEPOSITS:

Deposit balances, including their weighted average rates, were as follows: 

			At December 31,
			2024												2023
(dollars in thousands)			Amount						Weighted Average Rate						Amount						Weighted Average Rate
Noninterest-bearing demand deposits			$	1,195,781					—		%				$	1,306,503					—		%
Interest bearing:
Interest-bearing demand deposits			323,112						0.35		%				344,748						0.25		%
Savings			229,659						0.06		%				261,508						0.06		%
Money market			1,396,697						1.72		%				1,622,665						1.79		%
Certificates of deposit
Brokered deposits			751,406						4.61		%				1,218,008						5.36		%
Other			2,516,366						4.37		%				2,009,946						3.95		%
Total interest bearing deposits			5,217,240						3.31		%				5,456,875						3.19		%
Total deposits			$	6,413,021					2.65		%				$	6,763,378					2.58		%

There were $315 million and $255 million in public funds included in deposits at December 31, 2024 and 2023, respectively.

Certificates of deposit outstanding mature as follows:

(in thousands)			December 31, 2024
Within one year			$	3,157,293
One to two years			105,759
Two to three years			2,067
Three to four years			1,136
Four to five years			1,517
Total			$	3,267,772

The aggregate amount of time deposits in denominations of more than the FDIC limit of $250,000 at December 31, 2024 and 2023 was $265 million and $194 million, respectively.

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- 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

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X

- References

No definition available.

+ Details

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