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Note 6 - Deposits | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Deposit Liabilities Disclosures [Text Block] | NOTE 6 – DEPOSITS Deposits at year end are summarized as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Percent |
(Dollars in thousands) |  | December 31, 2024 |  |  | December 31, 2023 |  |  | Increase |
|  | Balance |  |  | % |  |  | Balance |  |  | % |  |  | (Decrease) |
Noninterest-bearing checking |  | $ | 1,264,523 |  |  |  | 26.9 | % |  | $ | 1,247,640 |  |  |  | 32.1 | % |  |  | 1.4 | %
Interest-bearing checking |  |  | 738,291 |  |  |  | 15.7 |  |  |  | 635,790 |  |  |  | 16.3 |  |  |  | 16.1 |
Money market |  |  | 1,516,436 |  |  |  | 32.3 |  |  |  | 957,434 |  |  |  | 24.5 |  |  |  | 58.4 |
Savings |  |  | 221,900 |  |  |  | 4.7 |  |  |  | 262,566 |  |  |  | 6.7 |  |  |  | (15.5 | )
Time, under $100,000 |  |  | 207,534 |  |  |  | 4.4 |  |  |  | 175,741 |  |  |  | 4.5 |  |  |  | 18.1 |
Time, $100,000 and over |  |  | 599,983 |  |  |  | 12.8 |  |  |  | 453,366 |  |  |  | 11.6 |  |  |  | 32.3 |
Total local deposits |  |  | 4,548,667 |  |  |  | 96.8 |  |  |  | 3,732,537 |  |  |  | 95.7 |  |  |  | 21.9 |
Out-of-area time, $100,000 and over |  |  | 149,699 |  |  |  | 3.2 |  |  |  | 168,381 |  |  |  | 4.3 |  |  |  | (11.1 | )
Total deposits |  | $ | 4,698,366 |  |  |  | 100.0 | % |  | $ | 3,900,918 |  |  |  | 100.0 | % |  |  | 20.4 | %
Out-of-area time deposits consist of deposits obtained from depositors outside of our primary market areas exclusively through deposit brokers. The following table depicts the maturity distribution for time deposits at year end:
(Dollars in thousands) |  | 2024 |  |  | 2023 |
In one year or less |  | $ | 880,165 |  |  | $ | 657,307 |
In one to two years |  |  | 53,660 |  |  |  | 61,454 |
In two to three years |  |  | 14,315 |  |  |  | 22,830 |
In three to four years |  |  | 2,301 |  |  |  | 54,486 |
In four to five years |  |  | 6,775 |  |  |  | 1,411 |
Total certificates of deposit |  | $ | 957,216 |  |  | $ | 797,488 |
The following table depicts the maturity distribution for time deposits with balances of $100,000 or more at year end:
(Dollars in thousands) |  | 2024 |  |  | 2023 |
Up to three months |  | $ | 218,666 |  |  | $ | 167,535 |
Three months to six months |  |  | 185,327 |  |  |  | 127,344 |
Six months to twelve months |  |  | 291,179 |  |  |  | 210,915 |
Over twelve months |  |  | 54,510 |  |  |  | 115,953 |
Total certificates of deposit |  | $ | 749,682 |  |  | $ | 621,747 |
Time deposits of more than $250,000 totaled $570 million and $477 million at year-end 2024 and 2023, respectively. Deposit overdrafts, which are reported as loans on the Consolidated Balance Sheets, totaled $1.0 million and $0.3 million 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 + Details
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