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Deposits

9 Months Ended

Sep. 30, 2025

Deposits [Abstract]

Deposits

Note 8 — Deposits

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

		September 30, 2025								December 31, 2024
		Balance				Average Balance				Balance				Average Balance
		(Dollars in Thousands)
Non-interest-bearing transaction accounts		$	400,697			$	413,767			$	436,111			$	441,313
Interest-bearing transaction accounts			1,050,233				988,345				965,637				884,321
Money market accounts			840,477				835,108				809,695				815,603
Certificates of deposit			300,703				215,785				184,986				237,228
Wholesale deposits			740,961				741,178				710,711				515,196
Total deposits		$	3,333,071			$	3,194,183			$	3,107,140			$	2,893,661

A summary of annual maturities of core and wholesale certificates of deposit at September 30, 2025 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2025		$	452,061
2026			237,409
2027			124,185
2028			30,339
2029			18,462
Thereafter			8,905
		$	871,361

Wholesale deposits include $570.7 million and $170.3 million of wholesale certificates of deposit and non-reciprocal interest-bearing transaction accounts, respectively, at September 30, 2025, compared to $515.6 million and $195.1 million of wholesale certificates of deposit and non-reciprocal interest-bearing transaction accounts, respectively, at December 31, 2024. The Corporation has entered into derivative contracts hedging a portion of the certificates of deposit included above. As of September 30, 2025, the notional amount of derivatives designated as cash flow hedges totaled $448.8 million with a weighted average remaining maturity of 3.31 years and a weighted average rate of 3.72%.

Certificates of deposit and wholesale deposits denominated in amounts greater than $250,000 were $131.7 million at September 30, 2025 and $67.3 million at December 31, 2024.

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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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