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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

9.  Deposits

Major classifications of deposits are categorized as follows:

(in thousands) December 31		2024				2023
Noninterest bearing deposits		$	1,242,676			$	1,260,690
Interest bearing demand deposits			167,736				123,927
Money market deposits			1,781,415				1,525,537
Savings			511,378				535,063
Certificates of deposit and other time deposits of $100,000 or more			862,671				766,691
Certificates of deposit and other time deposits less than $100,000			504,313				512,714
Total deposits		$	5,070,189			$	4,724,622

Certificates of deposit and other time deposits of $250,000 or more at December 31, 2024 and 2023 were $396.3 million and $318.0 million, respectively.

Maturities of certificates of deposits and other time deposits are presented below:

		Maturities by Period at December 31, 2024
(in thousands)		Total				Within 1 Year				2 Years				3 Years				4 Years				5 Years				After 5 Years
Certificates of deposit and other time deposits of $100,000 or more		$	862,671			$	811,154			$	26,051			$	5,824			$	12,319			$	7,323			$	0
Certificates of deposit and other time deposits less than $100,000			504,313				459,960				21,069				10,041				5,871				7,059				313
Total maturities		$	1,366,984			$	1,271,114			$	47,120			$	15,865			$	18,190			$	14,382			$	313

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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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X

- References

No definition available.

+ Details

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