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Deposits

12 Months Ended

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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- References

No definition available.

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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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