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Note 8 - Deposits and Borrowed Funds

3 Months Ended

Mar. 31, 2025

Deposits and Borrowed Funds [Text Block]

Note 8: Deposits and Borrowed Funds

The following table provides additional detail regarding deposits.

	Deposits
	At March 31,		At December 31,
	2025		2024
	(In thousands)
Noninterest-bearing	$	2,241,802	$	2,333,389
Interest-bearing:
Transaction		920,461		953,863
Savings		1,633,445		1,642,360
Time deposits less than $100 thousand		45,582		47,585
Time deposits $100 thousand through $250 thousand		23,789		25,368
Time deposits more than $250 thousand		9,016		9,285
Total deposits	$	4,874,095	$	5,011,850

Demand deposit overdrafts of $587 thousand and $591 thousand were included as loan balances at March 31, 2025 and December 31, 2024, respectively. Interest expense for aggregate time deposits with individual account balances in excess of $100 thousand was $17 thousand in the three months ended March 31, 2025 and $21 thousand in the three months ended March 31, 2024.

The following table provides additional detail regarding short-term borrowed funds.

	Repurchase Agreements (Sweep) Accounted for as Secured Borrowings
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous
	At March 31,		At December 31,
	2025		2024
Repurchase agreements:	(In thousands)
Collateral securing borrowings:
Agency residential MBS	$	20,576	$	21,284
Corporate securities		418,711		412,921
Total collateral carrying value	$	439,287	$	434,205
Total short-term borrowed funds	$	113,219	$	120,322

At March 31, 2025, the Company had access to borrowing from the Federal Reserve up to $724,966 thousand based on the collateral pledged at March 31, 2025. The Company had a $60,000 thousand line of credit with a correspondent bank at March 31, 2025. There were no borrowings from the Federal Reserve Bank or correspondent banks at March 31, 2025. At March 31, 2025, the Company’s estimated unpledged collateral qualifying debt securities totaled $1,615,433 thousand.