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Deposits (Tables)
12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
Schedule of Deposits Composition

The composition of deposits is shown below. Average balances represent year-to-date averages.

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

Balance

 

 

Average
Balance

 

 

Average
Rate

 

 

Balance

 

 

Average
Balance

 

 

Average
Rate

 

 

 

(Dollars in Thousands)

 

Non-interest-bearing transaction accounts

 

$

436,111

 

 

$

441,313

 

 

 

%

 

$

445,376

 

 

$

453,930

 

 

 

%

Interest-bearing transaction accounts

 

 

965,637

 

 

 

884,321

 

 

 

3.82

 

 

 

895,319

 

 

 

689,500

 

 

 

3.44

 

Money market accounts

 

 

809,695

 

 

 

815,603

 

 

 

3.95

 

 

 

711,245

 

 

 

681,336

 

 

 

3.25

 

Certificates of deposit

 

 

184,986

 

 

 

237,228

 

 

 

4.59

 

 

 

287,131

 

 

 

273,387

 

 

 

4.10

 

Wholesale deposits

 

 

710,711

 

 

 

515,196

 

 

 

4.09

 

 

 

457,708

 

 

 

346,285

 

 

 

4.14

 

Total deposits

 

$

3,107,140

 

 

$

2,893,661

 

 

 

3.37

 

 

$

2,796,779

 

 

$

2,444,438

 

 

 

2.92

 

Time Deposit by Maturity

A summary of annual maturities of core and wholesale certificates of deposit at December 31, 2024 is as follows:

 

(In Thousands)

 

 

 

Maturities during the year ended December 31,

 

 

 

2025

 

$

519,303

 

2026

 

 

76,281

 

2027

 

 

79,850

 

2028

 

 

18,102

 

2029

 

 

5,782

 

Thereafter

 

 

1,290

 

 

 

$

700,608