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DEPOSITS

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

DEPOSITS

9. DEPOSITS

The Company had $1.09 billion and $1.40 billion of total time deposits as of December 31, 2024 and 2023, respectively. Contractual maturities of total time deposits as of December 31, 2024 were as follows:

(Dollars in thousands)
Year Ending December 31:
2025			$	1,048,873
2026			24,748
2027			6,581
2028			2,728
2029			3,908
Thereafter			347
Total			$	1,087,185

Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $624.3 million and $899.3 million at December 31, 2024 and 2023, respectively. This includes $103.1 million and $374.6 million in government time deposits at December 31, 2024 and 2023, respectively, which are fully collateralized.

Contractual maturities of time deposits of $250,000 or more as of December 31, 2024 were as follows:

(Dollars in thousands)
Three months or less			$	327,050
Over three months through six months			191,786
Over six months through twelve months			92,247
2026			11,867
2027			880
2028			—
2029			500
Thereafter			—
Total			$	624,330

Overdrawn deposit accounts totaling $1.3 million and $0.7 million have been reclassified as loans on the Company's consolidated balance sheets as of December 31, 2024 and 2023, 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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- References

No definition available.

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