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DEPOSITS | 6 Months Ended
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Jun. 30, 2024
Deposits [Abstract] |
DEPOSITS | 5. DEPOSITS Certificates of deposit that met or exceeded $250,000 totaled $133.9 million and $105.9 million at June 30, 2024 and December 31, 2023, respectively. These totals exclude brokered certificates of deposit, which totaled $26.0 million and $120.5 million at June 30, 2024 and December 31, 2023, respectively. The following table sets forth the details of total deposits as of June 30, 2024 and December 31, 2023:
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Noninterest-bearing demand deposits |  | $ | 950,368 |  |  |  | 16.80 | % |  | $ | 957,687 |  |  |  | 18.16 | %
Interest-bearing checking (A) |  |  | 3,229,814 |  |  |  | 57.10 |  |  |  | 2,882,193 |  |  |  | 54.65 |
Savings |  |  | 105,602 |  |  |  | 1.87 |  |  |  | 111,573 |  |  |  | 2.12 |
Money market |  |  | 824,158 |  |  |  | 14.57 |  |  |  | 740,559 |  |  |  | 14.04 |
Certificates of deposit - retail |  |  | 502,810 |  |  |  | 8.89 |  |  |  | 443,791 |  |  |  | 8.41 |
Certificates of deposit - listing service |  |  | 7,454 |  |  |  | 0.13 |  |  |  | 7,804 |  |  |  | 0.15 |
Subtotal deposits |  |  | 5,620,206 |  |  |  | 99.36 |  |  |  | 5,143,607 |  |  |  | 97.53 |
Interest-bearing demand - Brokered |  |  | 10,000 |  |  |  | 0.18 |  |  |  | 10,000 |  |  |  | 0.19 |
Certificates of deposit - Brokered |  |  | 26,000 |  |  |  | 0.46 |  |  |  | 120,507 |  |  |  | 2.28 |
Total deposits |  | $ | 5,656,206 |  |  |  | 100.00 | % |  | $ | 5,274,114 |  |  |  | 100.00 | %
(A) Interest-bearing checking includes $1.3 billion at June 30, 2024 and $990.7 million at December 31, 2023 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program. The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of June 30, 2024, are as follows:
(In thousands) |  |  |
2024 |  | $ | 353,869 |
2025 |  |  | 174,891 |
2026 |  |  | 5,338 |
2027 |  |  | 920 |
2028 |  |  | 1,049 |
2029 and later |  |  | 197 |
Total |  | $ | 536,264 |

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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 + Details
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- References No definition available. + Details
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