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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

Note 12—Deposits

The following is a summary of the Company’s deposits as of December 31, 2024 and 2023:

		December 31,				December 31,
		2024				2023
Non-interest-bearing demand deposits		$	1,756,098			$	1,905,876
Interest-bearing checking accounts			767,835				577,609
Money market demand accounts			2,518,157				2,266,030
Other savings			483,650				542,532
Time deposits (below $250,000)			1,498,277				1,520,082
Time deposits ($250,000 and above)			434,611				364,870
Total deposits		$	7,458,628			$	7,176,999

At December 31, 2024, the scheduled maturities of time deposits were as follows:

		Scheduled Maturities
2025		$	1,887,677
2026			37,734
2027			5,461
2028			1,126
2029			890
Total		$	1,932,888

Note 12—Deposits (continued)

The Company hedges interest rates on certain money market accounts using interest rate swaps through which the Company receives variable amounts and pays fixed amounts. Refer to Note 21—Derivative Instruments and Hedging Activities for additional discussion.

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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.

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