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Note 8 - Deposits and Borrowed Funds

9 Months Ended

Sep. 30, 2025

Deposits and Borrowed Funds [Text Block]

Note 8: Deposits and Borrowed Funds

The following table provides additional detail regarding deposits.

	Deposits
	At September 30,	At December 31,
	2025	2024
	(In thousands)
Noninterest-bearing	$2,214,100	$2,333,389
Interest-bearing:
Transaction	881,367	953,863
Savings	1,626,474	1,642,360
Time deposits less than $100 thousand	42,614	47,585
Time deposits $100 thousand through $250 thousand	20,210	25,368
Time deposits more than $250 thousand	8,414	9,285
Total deposits	$4,793,179	$5,011,850

Demand deposit overdrafts of $490 thousand and $591 thousand were included as loan balances at September 30, 2025 and December 31, 2024, respectively. Interest expense for aggregate time deposits with individual account balances in excess of $100 thousand was $12 thousand and $43 thousand for the three and nine months ended September 30, 2025, respectively, and $30 thousand and $71 thousand for the three and nine months ended September 30, 2024, respectively.

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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 September 30,		At December 31,
	2025		2024
Repurchase agreements:	(In thousands)
Collateral securing borrowings:
Agency residential MBS	$	18,689	$	21,284
Corporate securities		396,786		412,921
Total collateral carrying value	$	415,475	$	434,205
Total short-term borrowed funds	$	133,651	$	120,322

At September 30, 2025, the Company had access to borrowing from the Federal Reserve up to $647,776 thousand based on the collateral pledged at September 30, 2025. The Company had a $60,000 thousand line of credit with a correspondent bank at September 30, 2025. There were no borrowings from the Federal Reserve Bank or correspondent banks at September 30, 2025. At September 30, 2025, the Company’s estimated unpledged collateral qualifying debt securities totaled $1,970,022 thousand.