XML 29 R19.htm IDEA: XBRL DOCUMENT v3.24.3

DEPOSITS

9 Months Ended

Sep. 30, 2024

DEPOSITS

DEPOSITS

NOTE 10: DEPOSITS

​

​	​	​	​	​	​	​	​	​
​	​	Weighted Average	​	September 30,		​	December 31,
​		Interest Rate		2024			2023
​	​	​	​	(In Thousands, Except Interest Rates)
​	​	​	​	​	​	​	​	​
Non-interest-bearing accounts	​	—	​	$	856,727	​	$	895,496
Interest-bearing checking and savings accounts	​	1.62% and 1.67%	​	​	2,236,140	​	​	2,216,482
​	​	​	​		3,092,867	​	​	3,111,978
​	​	​	​		​	​	​	​
Certificate accounts	​	0.00% - 0.99%	​		58,853	​	​	86,831
​	​	1.00% - 1.99%	​	​	65,675	​	​	22,485
​	​	2.00% - 2.99%	​	​	8,557	​	​	44,354
​	​	3.00% - 3.99%	​		74,442	​	​	46,304
​	​	4.00% - 4.99%	​		584,425	​	​	739,645
​	​	5.00% and above	​	​	2,255	​	​	8,583
​	​	​	​	​	794,207	​	​	948,202
​	​	​	​	​	​	​	​	​
Brokered deposits	​	4.91% and 5.20%	​	​	810,386	​	​	661,528
​	​	​	​	​	810,386	​	​	661,528
​	​	​	​		​	​	​	​
​	​	​	​	$	4,697,460	​	$	4,721,708

​

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $810.4 million and $661.5 million at September 30, 2024 and December 31, 2023, respectively. At September 30, 2024 and December 31, 2023, brokered deposits included $300.0 million of purchased funds through the IntraFi Financial network. These IntraFi Financial deposits have a rate of interest that floats daily with an index of effective federal funds rate plus a spread. At September 30, 2024, there were brokered deposits totaling $185.0 million that had fixed rates of interest but were callable at the Bank’s discretion. At September 30, 2024, approximately 32% of the Company’s total deposits were uninsured, when including deposit accounts of consolidated subsidiaries of the Company and collateralized deposits of unaffiliated entities. Excluding deposit accounts of the Company’s consolidated subsidiaries, approximately 14% of the Company’s total deposits were uninsured at September 30, 2024.

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