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Deposits

12 Months Ended

Dec. 31, 2025

Deposits [Abstract]

Deposits

Deposits

A summary of deposits follows:

			December 31, 2025												December 31, 2024
			Amount						Weighted Average Rate						Amount						Weighted Average Rate
			(Dollars in Thousands)
Demand checking accounts			$	4,032,529					—		%				$	1,692,394					—		%
NOW accounts			1,445,894						0.88		%				617,246						0.57		%
Savings accounts			2,954,029						1.82		%				1,721,247						4.40		%
Money market accounts (Non-payroll)			4,636,548						2.62		%				2,116,360						2.58		%
Total core deposit accounts			13,069,000						2.06		%				6,147,247						2.18		%
Certificate of deposit accounts maturing:
Within six months			$	2,983,888					3.64		%				$	1,287,280					4.48		%
After six months but within 1 year			872,307						3.48		%				492,098						4.06		%
After 1 year but within 2 years			266,649						3.27		%				78,153						3.34		%
After 2 years but within 3 years			21,781						2.06		%				13,188						2.13		%
After 3 years but within 4 years			5,512						0.79		%				12,028						3.27		%
After 4 years but within 5 years			6,137						0.47		%				2,498						1.16		%
5+ Years			266						0.49		%				199						0.50		%
Total certificate of deposit accounts			4,156,540						3.56		%				1,885,444						4.30		%
Payroll deposits (1)			1,878,758						3.42		%				—						—		%
Brokered deposit accounts			410,359						4.13		%				868,953						4.42		%
Total deposits			$	19,514,657					2.06		%				$	8,901,644					2.85		%

_________________________________________________________________________

(1) Payroll deposits are included in money market accounts in the accompanying consolidated balance sheets.

Certificate of deposit accounts issued in amounts of $250,000 or more totaled $1.4 billion and $613.2 million as of December 31, 2025 and 2024, respectively.

Interest expense on deposit balances is summarized as follows:

			Year Ended December 31,
			2025						2024						2023
			(In Thousands)
Interest-bearing deposits:
NOW accounts			$	6,778					$	4,543					$	4,275
Savings accounts			48,502						46,220						27,974
Money market accounts			88,055						60,796						58,153
Certificate of deposit accounts			102,424						76,134						44,122
Brokered deposit accounts			34,741						45,270						41,141
Total interest-bearing deposits			$	280,500					$	232,963					$	175,665

Related Party Deposits

Deposit accounts of directors, executive officers and their affiliates totaled $87.1 million and $89.8 million as of December 31, 2025 and 2024, respectively.

Collateral Pledged to Deposits

As of December 31, 2025 and 2024, $295.6 million and $97.0 million, respectively, of collateral was pledged for municipal deposits and TT&L.

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

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X

- References

No definition available.

+ Details

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