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v3.25.1

DEPOSITS | 3 Months Ended
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Mar. 31, 2025
Deposits [Abstract] |
DEPOSITS | DEPOSITS The Company’s deposits are summarized below:
(dollars in thousands) | March 31, 2025 |  | December 31, 2024
Noninterest-bearing deposits | $ | 1,065,874 |  |  | $ | 1,046,405 |
Interest-bearing deposits: |  |  |
Interest-bearing demand | 1,143,677 |  |  | 1,099,061 |
Money market | 812,146 |  |  | 820,825 |
Savings | 575,558 |  |  | 566,533 |
Time | 787,335 |  |  | 785,430 |
Total interest-bearing deposits | 3,318,716 |  |  | 3,271,849 |
Total deposits | $ | 4,384,590 |  |  | $ | 4,318,254 |
Reciprocal deposits included in interest-bearing demand deposits, money market deposits, and time deposits totaled $264.4 million and $229.4 million as of March 31, 2025 and December 31, 2024, respectively. There were no brokered deposits as of March 31, 2025 and December 31, 2024. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $209.2 million and $202.2 million as of March 31, 2025 and December 31, 2024, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $460.8 million and $455.2 million as of March 31, 2025 and December 31, 2024, respectively. The components of interest expense on deposits were as follows:
|  |  | Three Months Ended March 31,
(dollars in thousands) |  |  |  |  | 2025 |  | 2024 |  |
Interest-bearing demand |  |  |  |  | $ | 1,453 |  |  | $ | 1,311 |  |  |
Money market |  |  |  |  | 4,397 |  |  | 4,797 |  |  |
Savings |  |  |  |  | 370 |  |  | 443 |  |  |
Time |  |  |  |  | 6,719 |  |  | 5,925 |  |  |
Brokered |  |  |  |  | — |  |  | 1,117 |  |  |
Total interest expense on deposits |  |  |  |  | $ | 12,939 |  |  | $ | 13,593 |  |  |

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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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- References No definition available. + Details
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