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Commitments and Contingent Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract] |
Schedule of details on these fixed and determinable obligations | The Company has various financial obligations, including contractual obligations and commitments that may require future cash payments. Except for its loan commitments, as shown in Note 20 "Financial Instruments With Off Balance Sheet Risk" the following table shows details on these fixed and determinable obligations as of December 31, 2021 in the time period indicated.
(dollars in thousands) |  | Within One Year |  | One to Three Years |  | Three to Five Years |  | Over Five Years |  | Total
Deposits without a stated maturity (1) |  | $ | 9,252,458 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,252,458 |
Time deposits (1) |  | 478,056 |  |  | 227,188 |  |  | 20,708 |  |  | 3,130 |  |  | 729,082 |
Borrowed funds (2) |  | 323,918 |  |  | 69,670 |  |  | — |  |  | — |  |  | 393,588 |
Operating lease obligations |  | 7,231 |  |  | 13,330 |  |  | 9,517 |  |  | 8,407 |  |  | 38,485 |
Outside data processing (3) |  | 4,325 |  |  | 5,225 |  |  | — |  |  | — |  |  | 9,550 |
George Mason sponsorship (4) |  | 675 |  |  | 1,350 |  |  | 1,388 |  |  | 6,075 |  |  | 9,488 |
D.C. United (5) |  | 844 |  |  | — |  |  | — |  |  | — |  |  | 844 |
LIHTC investments (6) |  | 7,973 |  |  | 7,023 |  |  | 469 |  |  | 1,039 |  |  | 16,504 |
Other (7) |  | — |  |  | 2,000 |  |  | — |  |  | — |  |  | 2,000 |
Total |  | $ | 10,075,480 |  |  | $ | 325,786 |  |  | $ | 32,082 |  |  | $ | 18,651 |  |  | $ | 10,451,999 |
(1)Excludes accrued interest payable at December 31, 2021. (2)Borrowed funds include customer repurchase agreements, and other short-term and long-term borrowings. (3)The Bank has outstanding obligations under its current core data processing contract that expire in June 2024 and one other vendor arrangement that relates to network infrastructure and data center services that expires in December 2022. (4)The Bank has the option of terminating the George Mason agreement at the end of contract years 10 and 15 (that is, effective June 30, 2025 or June 30, 2030). Should the Bank elect to exercise its right to terminate the George Mason contract, contractual obligations would decrease $3.5 million and $3.6 million for the first option period (years 11-15) and the second option period (years16-20), respectively. (5)Marketing sponsorship agreement with D.C. United. (6)LIHTC expected payments for unfunded affordable housing commitments. (7)As disclosed in the 8-K dated January 25, 2021, pursuant to the executed stipulation of settlement of the demand litigation, the Company has agreed to invest an additional $2.0 million incremental spend above 2020 levels by the end of 2023 to enhance its corporate governance, and risk and compliance controls and infrastructure.

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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