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DEPOSITS

9 Months Ended

Sep. 30, 2024

Deposit [Abstract]

DEPOSITS

DEPOSITS

The components of deposits at September 30, 2024 and December 31, 2023 were as follows:

			September 30, 2024						December 31, 2023
(amounts in thousands)
Demand, non-interest bearing			$	4,670,809					$	4,422,494
Demand, interest bearing			5,606,500						5,580,527
Savings, including money market deposit accounts			5,360,996						4,629,336
Time			2,431,084						3,287,879
Total deposits			$	18,069,389					$	17,920,236

The scheduled maturities for time deposits at September 30, 2024 were as follows:

(amounts in thousands)			September 30, 2024
2024			$	145,935
2025			771,882
2026			550,209
2027			305,184
2028			397,761
Thereafter			260,113
Total time deposits			$	2,431,084

Time deposits greater than the FDIC limit of $250,000 totaled $643.0 million and $186.3 million at September 30, 2024 and December 31, 2023, respectively.

Demand deposit overdrafts reclassified as loans were $1.2 million at September 30, 2024 and December 31, 2023.

At September 30, 2024 and December 31, 2023, the Bank had $1.5 billion and $1.1 billion in deposits, respectively, to which it had pledged $1.4 billion and $1.1 billion of available borrowing capacity through the FHLB to the depositors through a standby letter of credit arrangement, respectively.

X

- Definition

Deposit

+ References

No definition available.

+ Details

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X

- 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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