XML 34 R16.htm IDEA: XBRL DOCUMENT v3.25.0.1

Note 6 - Deposits

12 Months Ended

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.

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/1943274/2147478353/942-405-50-1

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

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