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Deposits | 12 Months Ended
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Dec. 31, 2024
Deposits [Abstract] |
Deposits | Note 8 — Deposits Time deposits more than $250,000 at December 31, 2024 and 2023 were $1.00 billion. At December 31, 2024, 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) |
2025 |  | $ | 1,002,785 |  |  | $ | 1,254,185 |  |  | $ | 2,256,970 |
2026 |  |  | 264 |  |  |  | 19,112 |  |  |  | 19,376 |
2027 |  |  | — |  |  |  | 48,630 |  |  |  | 48,630 |
2028 |  |  | — |  |  |  | 130 |  |  |  | 130 |
2029 & thereafter |  |  | — |  |  |  | 177 |  |  |  | 177 |
Total |  | $ | 1,003,049 |  |  | $ | 1,322,234 |  |  | $ | 2,325,283 |
A summary of interest expense on deposits was as follows for the periods indicated:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Demand: interest-bearing |  | $ | 119 |  |  | $ | 117 |  |  | $ | 100 |
Money market and savings |  |  | 68,304 |  |  |  | 44,066 |  |  |  | 12,753 |
Time deposits more than $250,000 |  |  | 48,779 |  |  |  | 42,762 |  |  |  | 4,457 |
Other time deposits |  |  | 65,490 |  |  |  | 47,763 |  |  |  | 8,628 |
Total interest expense on deposits |  | $ | 182,692 |  |  | $ | 134,708 |  |  | $ | 25,938 |
Accrued interest payable on deposits was $34.8 million and $39.2 million at December 31, 2024 and 2023, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2024 and 2023 were $1.2 million and $1.6 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 + Details
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- References No definition available. + Details
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