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Deposits

12 Months Ended

Dec. 31, 2025

Deposits, by Type [Abstract]

Deposits

Deposits

The following table lists the composition of the deposit portfolio as of the end of the respective years.

($ in thousands)						December 31, 2025						December 31, 2024
Noninterest-bearing checking accounts						$	3,486,985					$	3,367,624
Interest-bearing checking accounts						1,420,795						1,398,395
Money market accounts						4,510,356						4,285,405
Savings accounts						526,643						542,133
Other time deposits						493,282						566,514
Time deposits >$250,000						305,473						360,854
Total customer deposits						10,743,534						10,520,925
Brokered Deposits - time deposits						4,887						9,600
Total deposits						$	10,748,421					$	10,530,525

At December 31, 2025, the scheduled maturities of time deposits were as follows:

($ in thousands)
2026						$	771,820
2027						18,072
2028						7,022
2029						3,055
2030						3,529
Thereafter						144
						$	803,642

Deposits received from executive officers and directors and their associates totaled approximately $3.4 million and $5.0 million at December 31, 2025 and 2024, respectively.

Deposit overdrafts of approximately $1.1 million at December 31, 2025 and 2024 are included within "Loans" on the consolidated balance sheets.

As of December 31, 2025 and 2024, the Company held $305.5 million and $360.9 million, respectively, in time deposits of more than $250,000 (which was the FDIC insurance limit for insured deposits as of December 31, 2025). Brokered deposits were $4.9 million and $9.6 million at December 31, 2025 and 2024, respectively. Total reciprocal deposits through CDARS and ICS were $19.9 million and $18.4 million at December 31, 2025 and 2024, respectively.

As of December 31, 2025, the estimated insured deposits totaled $6.5 billion or 60.2% of total deposits, while approximately $4.3 billion of the Company's total deposits were uninsured deposits. In addition to insured deposits, there were deposits with a balance totaling $730.4 million at December 31, 2025 which were collateralized by investment securities such that approximately 67.0% of our total deposits were insured or collateralized at that date.

The Company’s deposit portfolio is not concentrated in deposits from any single customer or to a relatively small number of customers. Additionally, management is not aware of any concentrations of deposits to classes of customers or industries that would be similarly affected by economic conditions. The following table presents the counties with the largest share of our deposit base as of December 31, 2025 and 2024. No other market area (as defined by county) comprises more than 5% of our deposit base at the dates presented.

						Percentage of Total Deposits
						2025						2024
Moore County, North Carolina (1)						9.0		%				9.2		%
Buncombe County, North Carolina						7.3		%				7.2		%
Guilford County, North Carolina						5.1		%				4.8		%

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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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X

- References

No definition available.

+ Details

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