XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.2.u1

DEPOSITS

6 Months Ended

Jun. 30, 2024

Deposits [Abstract]

DEPOSITS

DEPOSITS

The Company’s deposits are summarized below:

(dollars in thousands)			June 30, 2024						December 31, 2023
Noninterest-bearing deposits			$	1,045,697					$	1,072,407
Interest-bearing deposits:
Interest-bearing demand			1,094,797						1,145,092
Money market			769,386						803,381
Savings			582,752						608,424
Time			796,069						627,253
Brokered			29,992						144,880
Total interest-bearing deposits			3,272,996						3,329,030
Total deposits			$	4,318,693					$	4,401,437

Reciprocal deposits included in interest-bearing demand deposits, money market deposits, and time deposits totaled $227.0 million and $236.8 million as of June 30, 2024 and December 31, 2023, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $217.4 million and $130.2 million as of June 30, 2024 and December 31, 2023, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $474.0 million and $342.8 million as of June 30, 2024 and December 31, 2023, respectively.

The components of interest expense on deposits were as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(dollars in thousands)			2024						2023						2024						2023
Interest-bearing demand			$	1,429					$	683					$	2,740					$	1,141
Money market			4,670						1,506						9,467						2,441
Savings			393						189						836						367
Time			7,117						1,933						13,042						2,736
Brokered			524						12						1,641						12
Total interest expense on deposits			$	14,133					$	4,323					$	27,726					$	6,697

X

- 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//1943274/2147481047/942-405-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ Details

Name:	us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DepositsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration