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Deposits (Tables)
12 Months Ended
Dec. 31, 2024
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]  
Schedule of Deposit Composition and Average Interest Rates
The following table provides information regarding the Bank’s deposit composition at December 31, 2024 and 2023 as well as the average rate being paid on interest bearing deposits for the month of December 2024 and 2023.
December 31,
(dollars in thousands)20242023
Noninterest-bearing demand$1,544,403 $2,279,081 
Interest-bearing transaction1,211,791 997,448 
Savings and money market3,599,221 3,314,043 
Time deposits2,775,663 2,217,467 
Total$9,131,078 $8,808,039 
Schedule of Maturity of Time Deposits
The remaining maturity of time deposits at December 31, 2024 and 2023 were as follows:
(dollars in thousands)
2024
2023
2024$— $1,445,395 
20252,210,348 576,379 
2026513,984 180,384 
20278,392 5,482 
202810,556 9,827 
202932,383 — 
Thereafter— — 
Total$2,775,663 $2,217,467 
(dollars in thousands)20242023
Three months or less$337,671 $342,552 
More than three months through six months
578,371 544,230 
More than six months through twelve months1,294,306 558,613 
Over twelve months565,315 772,072 
Total$2,775,663 $2,217,467 
Schedule of Interest Expense on Deposits
Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 was as follows:
(dollars in thousands)202420232022
Interest-bearing transaction$60,573 $46,140 $6,721 
Savings and money market139,539 132,374 65,777 
Time deposits120,309 79,030 10,763 
Total$320,421 $257,544 $83,261 
Schedule of Time Deposit Accounts in Excess of $250 Thousand
As of December 31, 2024 and 2023, time deposit accounts in excess of $250 thousand were as follows:
(dollars in thousands)20242023
Three months or less$189,817 $119,880 
More than three months through six months387,849 318,353 
More than six months through twelve months710,021 368,103 
Over twelve months421,530 726,758 
Total$1,709,217 $1,533,094