XML 36 R17.htm IDEA: XBRL DOCUMENT v3.25.4
Deposits
 12 Months Ended
Dec. 31, 2025
Other Liabilities [Abstract]  
Deposits Deposits
Deposits as of December 31, 2025 and 2024 are summarized as follows (in thousands):
2025
Weighted
average
interest rate
2024
Weighted
average
interest rate
Savings deposits$1,589,259 0.24 %$1,679,667 0.22 %
Money market accounts3,693,285 2.46 3,364,564 2.67 
NOW accounts (1)
6,994,610 2.42 6,622,642 2.64 
Non-interest bearing deposits3,714,253 — 3,788,785 — 
Certificates of deposit (2)
3,287,276 3.54 3,168,155 4.10 
Total deposits$19,278,683 $18,623,813 
(1) The Bank's insured cash sweep product totaled $1.08 billion and $1.16 billion as of December 31, 2025 and December 31, 2024, respectively, and are reported within NOW accounts.
(2)Time deposits equal to or in excess of $250,000 were $930.0 million and $789.0 million as of December 31, 2025 and December 31, 2024, respectively. Additionally, the Bank's reciprocal Certificate of Deposit Account Registry Service product totaled $2.5 million and $3.5 million as of December 31, 2025 and December 31, 2024, respectively.
Within total deposits, brokered deposits totaled $769.6 million and $251.5 million as of December 31, 2025 and December 31, 2024, respectively.
 Scheduled maturities of certificates of deposit accounts as of December 31, 2025 and 2024 are as follows (in thousands):
20252024
Within one year$3,162,440 3,045,860 
One to three years115,425 110,684 
Three to five years9,375 11,608 
Five years and thereafter36 3 
$3,287,276 3,168,155 
Interest expense on deposits for the years ended December 31, 2025, 2024 and 2023 is summarized as follows (in thousands):
 Years ended December 31,
 202520242023
Savings deposits$3,609 3,443 2,184 
NOW and money market accounts273,101 245,874 125,471 
Certificates of deposits123,293 100,206 31,804 
$400,003 349,523 159,459