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DEPOSITS

3 Months Ended

Mar. 31, 2025

DEPOSITS

DEPOSITS

7.DEPOSITS

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A summary of deposit balances, by type, is as follows:

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​	​	​	​	​	​	​	​
​	​	March 31,		​	December 31,		​
​		2025			2024
​	​	(in thousands)					​
​	​	​	​	​	​	​	​
NOW and demand deposit accounts		$	1,043,930	​	$	988,984	​
Regular savings and club accounts	​	​	908,136	​	​	895,232	​
Money market deposit accounts	​	​	1,200,600	​	​	1,195,209	​
Total non-certificate accounts	​	​	3,152,666	​	​	3,079,425	​
​	​	​	​	​	​	​	​
Term certificate accounts greater than $250,000	​	​	307,098	​	​	303,334	​
Term certificate accounts less than or equal to $250,000	​	​	769,097	​	​	766,510	​
Brokered deposits	​	​	389,860	​	​	401,484	​
Total certificate accounts	​	​	1,466,055	​	​	1,471,328	​
Total deposits	​	$	4,618,721	​	$	4,550,753	​
​	​	​	​	​	​	​	​

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Total municipal deposits included in the table amounted to $478.9 million at March 31, 2025 and $519.5 million at December 31, 2024. Municipal deposits are generally required to be fully insured. The Company provides supplemental insurance for municipal deposits through a reciprocal deposit program and letters of credit offered by the FHLB. The Company participates in a reciprocal deposit program with other financial institutions that provides access to FDIC-insured deposit products in aggregate amounts exceeding the current limits for depositors. At March 31, 2025 and December 31, 2024, total reciprocal deposits were $399.1 million and $376.3 million, respectively.

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A summary of certificate accounts by maturity at March 31, 2025 is as follows:

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​	​	​	​	​	​	​
​	​	​		​	Weighted	​
​	​	​		​	Average	​
​		Amount			Rate
​	​	(dollars in thousands)				​
​	​	​	​	​	​	​
Within 1 year	​	$	1,287,399	​	4.32	%
Over 1 year to 2 years	​	​	172,747	​	4.30	​
Over 2 years to 3 years	​	​	2,848	​	3.11	​
Over 3 years to 4 years	​	​	1,457	​	2.97	​
Over 4 years to 5 years	​	​	1,604	​	3.43	​
Total certificate deposits	​	$	1,466,055	​	4.31	%
​	​	​	​	​	​	​

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- 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

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X

- References

No definition available.

+ Details

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