XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Deposits | 3 Months Ended
--- | ---
Mar. 31, 2024
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract] |
Deposits | Deposits The following table provides information regarding the Bank’s deposit composition at March 31, 2024 and December 31, 2023:
(dollars in thousands) |  | March 31, 2024 |  | December 31, 2023
Noninterest-bearing demand |  | $ | 1,835,524 |  |  | $ | 2,279,081 |
Interest-bearing transaction |  | 1,207,566 |  |  | 997,448 |
Savings and money market |  | 3,235,391 |  |  | 3,314,043 |
Time deposits |  | 2,222,958 |  |  | 2,217,467 |
Total |  | $ | 8,501,439 |  |  | $ | 8,808,039 |
The remaining maturity of time deposits at March 31, 2024 and December 31, 2023 were as follows:
(dollars in thousands) |  | March 31, 2024 |  | December 31, 2023
2024 |  | $ | 1,294,087 |  |  | 1,445,395 |
2025 |  | 716,191 |  |  | 576,379 |
2026 |  | 195,505 |  |  | 180,384 |
2027 |  | 5,779 |  |  | 5,482 |
2028 |  | 10,162 |  |  | 9,827 |
2029 |  | 1,234 |  |  | — |
Total |  | $ | 2,222,958 |  |  | $ | 2,217,467 |
As of March 31, 2024 and December 31, 2023, time deposit accounts in excess of $250 thousand were as follows:
(dollars in thousands) |  | March 31, 2024 |  | December 31, 2023
Three months or less |  | $ | 321,017 |  |  | $ | 119,880 |
More than three months through six months |  | 341,418 |  |  | 318,353 |
More than six months through twelve months |  | 253,492 |  |  | 368,103 |
Over twelve months |  | 696,857 |  |  | 726,758 |
Total |  | $ | 1,612,784 |  |  | $ | 1,533,094 |
At March 31, 2024, total brokered deposits were $4.2 billion, or 49.1% of total deposits, of which $1.7 billion were attributable to the Certificates of Deposit Account Registry Service ("CDARS") and Insured Cash Sweep ("ICS") two-way accounts. At December 31, 2023, total brokered deposits (excluding the CDARS and ICS two-way) were $2.5 billion, or 28.8% of total deposits.

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//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + 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_DepositsLiabilitiesBalanceSheetReportedAmountsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration