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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

Deposits

At December 31, 2024 and 2023, non-interest bearing and interest bearing deposits were as follows:

 

December 31 (In thousands)						2024						2023
Non-interest bearing						$	2,612,708					$	2,628,234
Interest bearing						5,530,818						5,414,332
Total						$	8,143,526					$	8,042,566

The table below details the maturities of time deposits at December 31, 2024. Time deposits below include $176.5 million of brokered and BID CD deposits.

(In thousands)
2025						$	776,464
2026						90,965
2027						20,700
2028						11,689
2029						11,955
After 5 years						10
Total						$	911,783

At December 31, 2024 and 2023, respectively, Park had approximately $22.0 million and $13.7 million of deposits received from Park's executive officers, Park directors and related entities of Park directors.

Time deposits that met or exceeded the FDIC insurance limit of $250,000 at December 31, 2024 and 2023 were $255.3 million and $132.8 million, respectively. Time deposits that met or exceeded the FDIC insurance limit of $250,000 included $76.5 million and $15.0 million of BID CD deposits at December 31, 2024 and 2023, 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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