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Deposits (Tables)

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Summary of Deposits

As of December 31, 2024 and 2023, deposits consisted of the following (in thousands):


		2024				2023
Demand deposits:
Non-interest bearing		$	1,329,155			$	1,398,234
Interest-bearing			1,907,734				1,837,296
Savings			636,427				710,586
Money market			1,196,537				1,129,950
Time deposits			987,243				1,047,593
Total deposits		$	6,057,096			$	6,123,659

Summary of Interest Expense on Deposits

Total interest expense on deposits for the years ended December 31, 2024, 2023, and 2022 was as follows (in thousands):


		2024				2023				2022
Interest-bearing demand		$	33,697			$	21,347			$	4,315
Savings			810				739				570
Money market			34,302				26,592				9,394
Time deposits			38,110				28,616				4,534
Total		$	106,919			$	77,294			$	18,813

Summary of Aggregate Amount of Time Deposits more than 100,000

As of December 31, 2024, 2023, and 2022, the aggregate amount of time deposits in denominations of more than $250,000 was as follows (in thousands):


		2024				2023				2022
Time deposit balances in denominations of more than $250,000		$	341,432			$	282,028			$	138,056

Summary of Maturities for All Time Deposits

The following table shows the amount of maturities for all time deposits as of December 31, 2024 (in thousands):


Less than 1 year		$	872,773
1 year to 3 years			94,538
3 years to 5 years			19,333
Over 5 years			599
Total		$	987,243