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DEPOSITS

3 Months Ended

Mar. 31, 2025

Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]

DEPOSITS

DEPOSITS:

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

			At March 31, 2025												At December 31, 2024
(dollars in thousands)			Amount						Weighted Average Rate						Amount						Weighted Average Rate
Noninterest-bearing demand deposits			$	1,276,133					—		%				$	1,195,781					—		%
Interest bearing:
Interest-bearing demand deposits			327,400						0.45		%				323,112						0.35		%
Savings			233,240						0.06		%				229,659						0.06		%
Money market			1,437,024						2.02		%				1,396,697						1.72		%
Certificates of deposit
Brokered deposits			297,717						4.33		%				751,406						4.61		%
Other			2,518,981						4.11		%				2,516,366						4.37		%
Total interest bearing deposits			4,814,362						3.12		%				5,217,240						3.31		%
Total deposits			$	6,090,495					2.42		%				$	6,413,021					2.65		%

There were $313 million and $315 million in public funds included in deposits at March 31, 2025 and December 31, 2024, respectively.

Certificates of deposit outstanding mature as follows: 

(in thousands)			March 31, 2025
Within one year			$	2,794,410
One to two years			18,006
Two to three years			1,567
Three to four years			1,245
Four to five years			1,468
Thereafter			2
Total			$	2,816,698

The aggregate amount of certificate of deposits in denominations of more than the FDIC limit of $250 thousand at March 31, 2025 and December 31, 2024 were $288 million and $265 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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- References

No definition available.

+ Details

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