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Deposits | 12 Months Ended
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Dec. 31, 2024
Banking and Thrift, Other Disclosure [Abstract] |
Deposits | Deposits The major types of deposits at December 31, 2024 and 2023 were as follows (dollars in thousands):
|  | December 31,
|  | 2024 |  | 2023
|  | Amount |  | Weighted Average Cost |  | Amount |  | Weighted Average Cost
Non-interest-bearing |  | $ | 1,617,182 |  |  | — | % |  | $ | 1,657,119 |  |  | — | %
Interest-bearing checking |  | 4,000,553 |  |  | 2.11 |  |  | 3,911,766 |  |  | 2.02 |
Money market deposit |  | 1,301,197 |  |  | 3.00 |  |  | 1,021,805 |  |  | 3.18 |
Savings |  | 1,066,438 |  |  | 0.72 |  |  | 1,398,837 |  |  | 1.36 |
Time deposits |  | 2,080,972 |  |  | 4.18 |  |  | 2,445,422 |  |  | 4.12 |
Total deposits |  | $ | 10,066,342 |  |  | 2.17 | % |  | $ | 10,434,949 |  |  | 2.21 | %
Accrued interest payable related to deposits was $1.2 million and $14.5 million at December 31, 2024 and 2023, respectively. Time deposits included $457.2 million and $412.0 million in deposits of $250,000 or more at December 31, 2024 and 2023, respectively. Time deposits also include brokered deposits of $74.7 million and $631.5 million at December 31, 2024 and 2023, respectively. Time deposits at December 31, 2024 mature as follows (in thousands):
For the Year Ending December 31, | Time Deposit Maturities
2025 | $ | 2,018,607 |
2026 | 35,689 |
2027 | 16,294 |
2028 | 5,872 |
2029 | 3,765 |
Thereafter | 745 |
Total | $ | 2,080,972 |
Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):
|  | For the Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Interest-bearing checking |  | $ | 86,320 |  |  | $ | 52,898 |  |  | $ | 11,344 |
Money market deposit |  | 41,948 |  |  | 18,656 |  |  | 2,234 |
Savings |  | 11,422 |  |  | 9,227 |  |  | 758 |
Time deposits |  | 102,443 |  |  | 91,237 |  |  | 16,685 |
Total interest expense on deposits |  | $ | 242,133 |  |  | $ | 172,018 |  |  | $ | 31,021 |

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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 + Details
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