XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Deposits | 12 Months Ended
--- | ---
Dec. 31, 2023
Deposits [Abstract] |
Deposits | Note 8 — Deposits Time deposits more than $250,000 at year-end 2023 and 2022 were $1.00 billion and $697.0 million, respectively. At December 31, 2023, the scheduled maturities of time deposits were as follows:
Year Ending December 31, |  | Time Deposits More Than $250,000 |  |  | Other Time Deposits |  |  | Total |
|  | (in thousands) |
2024 |  | $ | 995,830 |  |  | $ | 1,444,509 |  |  | $ | 2,440,339 |
2025 |  |  | 3,928 |  |  |  | 6,205 |  |  |  | 10,133 |
2026 |  |  | 263 |  |  |  | 3,142 |  |  |  | 3,405 |
2027 |  |  | — |  |  |  | 572 |  |  |  | 572 |
2028 & thereafter |  |  | — |  |  |  | 418 |  |  |  | 418 |
Total |  | $ | 1,000,021 |  |  | $ | 1,454,846 |  |  | $ | 2,454,867 |
A summary of interest expense on deposits was as follows for the periods indicated:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | (in thousands) |
Demand: interest-bearing |  | $ | 117 |  |  | $ | 100 |  |  | $ | 61 |
Money market and savings |  |  | 44,066 |  |  |  | 12,753 |  |  |  | 5,199 |
Time deposits more than $250,000 |  |  | 42,762 |  |  |  | 4,457 |  |  |  | 726 |
Other time deposits |  |  | 47,763 |  |  |  | 8,628 |  |  |  | 5,669 |
Total interest expense on deposits |  | $ | 134,708 |  |  | $ | 25,938 |  |  | $ | 11,655 |
Accrued interest payable on deposits was $39.2 million and $7.8 million at December 31, 2023 and 2022, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2023 and 2022 were $1.6 million and $1.2 million, respectively.

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