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Deposits | 12 Months Ended
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Dec. 31, 2024
Deposits [Abstract] |
Deposits | NOTE 7 – Deposits The following is a detail of the deposit accounts:
Schedule of detail of deposit accounts |  |  |  |  |  |
|  | December 31, |
(dollars in thousands) |  | 2024 |  |  | 2023 |
Noninterest bearing |  | $ | 683,081 |  |  |  | 674,167 |
Interest bearing: |  |  |  |  |  |  |  |
NOW accounts |  |  | 314,588 |  |  |  | 310,218 |
Money market accounts |  |  | 1,438,530 |  |  |  | 1,605,278 |
Savings |  |  | 31,976 |  |  |  | 31,669 |
Time deposits |  |  | 967,590 |  |  |  | 758,232 |
Total deposits |  | $ | 3,435,765 |  |  |  | 3,379,564 |
At December 31, 2024 and 2023, time deposits greater than $250,000 were $774.0 million and $568.1 million, respectively. Also, at December 31, 2024, the Company had $550.3 million deposits in brokered deposits, or deposits that were obtained outside the Company’s primary market, while at December 31, 2023 the Company had $379.4 million in brokered deposits. Interest expense on time deposits greater than $250,000 was $34.8 million for the year ended December 31, 2024, $22.5 million for the year ended December 31, 2023, and $3.2 million for the year ended December 31, 2022. At December 31, 2024 the scheduled maturities of time deposits are as follows:
Schedule of maturities of time deposits |  |  |  |
(dollars in thousands) |  |  |  |
2025 |  |  | $ | 741,679 |
2026 |  |  |  | 113,327 |
2027 |  |  |  | 29,416 |
2028 |  |  |  | 81,005 |
2029 |  |  |  | 2,163 |
Total time deposits |  |  | $ | 967,590 |

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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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