Quarterly report pursuant to Section 13 or 15(d)

Deposits

v3.24.1.u1
Deposits
3 Months Ended
Mar. 31, 2024
Deposits [Abstract]  
Deposits

Note 7 — Deposits

 

The scheduled maturities of time deposits are as follows for the periods indicated:

 

 

 

Time
Deposits More
Than $250,000

 

 

Other Time
Deposits

 

 

Total

 

 

 

(in thousands)

 

At March 31, 2024

 

 

 

 

 

 

 

 

 

2024

 

$

835,582

 

 

$

1,246,625

 

 

$

2,082,207

 

2025

 

 

158,310

 

 

 

250,112

 

 

 

408,422

 

2026

 

 

263

 

 

 

3,754

 

 

 

4,017

 

2027

 

 

 

 

 

807

 

 

 

807

 

2028 and thereafter

 

 

 

 

 

308

 

 

 

308

 

Total

 

$

994,155

 

 

$

1,501,606

 

 

$

2,495,761

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2023

 

 

 

 

 

 

 

 

 

2024

 

$

995,830

 

 

$

1,444,509

 

 

$

2,440,339

 

2025

 

 

3,928

 

 

 

6,205

 

 

 

10,133

 

2026

 

 

263

 

 

 

3,142

 

 

 

3,405

 

2027

 

 

 

 

 

572

 

 

 

572

 

2028 and thereafter

 

 

 

 

 

418

 

 

 

418

 

Total

 

$

1,000,021

 

 

$

1,454,846

 

 

$

2,454,867

 

 

Accrued interest payable on deposits was $37.9 million and $39.2 million at March 31, 2024 and December 31, 2023, respectively. Total deposits reclassified to loans due to overdrafts at March 31, 2024 and December 31, 2023 were $1.5 million and $1.6 million, respectively.