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Deposits (Tables)
 12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
Summary of Deposits and Scheduled Maturities of Time Deposits

A summary of deposits and scheduled maturities of time deposits as of December 31 is as follows (in thousands):

 

 

 

2024

 

 

2023

 

Noninterest-bearing demand

 

$

950,351

 

 

$

1,010,614

 

Interest-bearing demand

 

 

705,195

 

 

 

713,158

 

Savings and money market

 

 

1,904,013

 

 

 

2,084,444

 

Time deposits, due:

 

 

 

 

 

 

Within one year

 

 

1,488,210

 

 

 

1,310,495

 

One to two years

 

 

52,695

 

 

 

79,684

 

Two to three years

 

 

2,956

 

 

 

12,391

 

Three to four years

 

 

1,053

 

 

 

1,634

 

Four to five years

 

 

258

 

 

 

492

 

Thereafter

 

 

-

 

 

 

-

 

Total time deposits

 

 

1,545,172

 

 

 

1,404,696

 

Total deposits

 

$

5,104,731

 

 

$

5,212,912

 
Interest Expense by Deposits Type

Interest expense by deposit type for the years ended December 31 is summarized as follows (in thousands):

 

 

 

2024

 

 

2023

 

 

2022

 

Interest-bearing demand

 

$

8,641

 

 

$

7,127

 

 

$

2,180

 

Savings and money market

 

 

60,898

 

 

 

41,424

 

 

 

9,778

 

Time deposits

 

 

70,469

 

 

 

58,810

 

 

 

11,036

 

Total interest expense on deposits

 

$

140,008

 

 

$

107,361

 

 

$

22,994