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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

Deposits

The following table summarizes the Company's deposits at the dates indicated: 

			December 31,
			2024						2023
			Amount						Amount
			(Dollars in thousands)
Noninterest demand deposits			$	1,654,955					$	1,715,847
Interest bearing demand deposits			1,464,129						1,608,745
Money market accounts			1,166,901						1,094,351
Savings accounts			421,377						487,956
Certificates of deposit			977,251						692,973
Total deposits			$	5,684,613					$	5,599,872

Deposit accounts overdrawn and reclassified to loans receivable were $313,000 and $293,000 as of December 31, 2024 and 2023, respectively. Accrued interest payable on deposits was $214,000 and $250,000 as of December 31, 2024 and 2023, respectively and is included in "Accrued expenses and other liabilities" in the Consolidated Statements of Financial Condition.

Scheduled maturities of certificates of deposit for years after December 31, 2024 are as follows, in thousands:

2025			$	939,745
2026			27,049
2027			3,379
2028			5,491
2029			1,567
Thereafter			20
Total			$	977,251

Certificates of deposit issued in denominations equal to or in excess of $250,000 totaled $450.8 million and $260.9 million as of December 31, 2024 and December 31, 2023, respectively.

Deposits received from related parties as of December 31, 2024 and December 31, 2023 totaled $4.1 million and $4.2 million, respectively.

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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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X

- References

No definition available.

+ Details

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