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Deposits | 6 Months Ended
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Jun. 30, 2025
Deposits [Abstract] |
Deposits | Note 10 Deposits The following table presents average balances and weighted average rates paid on deposits for the periods indicated (dollars in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| Average Balance |  | Average Rate Paid(1) |  | Average Balance |  | Average Rate Paid(1) |  | Average Balance |  | Average Rate Paid(1) |  | Average Balance |  | Average Rate Paid(1)
Demand deposits: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-interest bearing | $ | 7,993,915 |  |  | — | % |  | $ | 7,448,633 |  |  | — | % |  | $ | 7,705,120 |  |  | — | % |  | $ | 7,004,780 |  |  | — | %
Interest bearing | 5,407,538 |  |  | 3.39 | % |  | 3,742,071 |  |  | 3.79 | % |  | 5,111,328 |  |  | 3.37 | % |  | 3,663,217 |  |  | 3.77 | %
Savings and money market | 10,355,700 |  |  | 3.41 | % |  | 11,176,000 |  |  | 4.28 | % |  | 10,593,396 |  |  | 3.42 | % |  | 11,205,130 |  |  | 4.26 | %
Time | 3,919,526 |  |  | 3.79 | % |  | 4,750,640 |  |  | 4.56 | % |  | 4,122,014 |  |  | 3.89 | % |  | 4,990,909 |  |  | 4.50 | %
| $ | 27,676,679 |  |  | 2.47 | % |  | $ | 27,117,344 |  |  | 3.09 | % |  | $ | 27,531,858 |  |  | 2.52 | % |  | $ | 26,864,036 |  |  | 3.13 | %
(1)Annualized. The following table presents maturities of time deposits as of June 30, 2025 (in thousands):
Maturing in: |
2025 | $ | 3,049,768 |
2026 | 725,618 |
2027 | 1,308 |
2028 | 346 |
2029 | 257 |
Thereafter | 937 |
| $ | 3,778,234 |
Included in deposits are public funds deposits of $3.0 billion and $3.1 billion, at June 30, 2025 and December 31, 2024, respectively, and brokered deposits of $4.1 billion and $5.2 billion at June 30, 2025 and December 31, 2024, respectively. Interest expense on deposits for the periods indicated was as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Interest bearing demand | $ | 45,689 |  |  | $ | 35,249 |  |  | $ | 85,582 |  |  | $ | 68,756 |
Savings and money market | 88,023 |  |  | 118,945 |  |  | 179,802 |  |  | 237,584 |
Time | 36,983 |  |  | 53,897 |  |  | 79,521 |  |  | 111,749 |
| $ | 170,695 |  |  | $ | 208,091 |  |  | $ | 344,905 |  |  | $ | 418,089 |
We incur costs related to certain deposit rebate and commission programs. During the three and six months ended June 30, 2025 and 2024, costs related to those programs that were correlated with the balance in the related deposit accounts totaled $14.5 million, $27.7 million, $14.3 million and $27.0 million, respectively. These expenses are included in "other non-interest expense" in the accompanying consolidated statements of income.

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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 + Details
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