Annual report pursuant to Section 13 and 15(d)

Deposits (Tables)

v3.24.0.1
Deposits (Tables)
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Scheduled Maturities of Time Deposits

At December 31, 2023, the scheduled maturities of time deposits were as follows:

 

Year Ending December 31,

 

Time
Deposits More
Than $250,000

 

 

Other Time
Deposits

 

 

Total

 

 

 

(in thousands)

 

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 & thereafter

 

 

 

 

 

418

 

 

 

418

 

Total

 

$

1,000,021

 

 

$

1,454,846

 

 

$

2,454,867

 

Summary of Interest Expense on Deposits

A summary of interest expense on deposits was as follows for the periods indicated:

 

 

 

Year Ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Demand: interest-bearing

 

$

117

 

 

$

100

 

 

$

61

 

Money market and savings

 

 

44,066

 

 

 

12,753

 

 

 

5,199

 

Time deposits more than $250,000

 

 

42,762

 

 

 

4,457

 

 

 

726

 

Other time deposits

 

 

47,763

 

 

 

8,628

 

 

 

5,669

 

Total interest expense on deposits

 

$

134,708

 

 

$

25,938

 

 

$

11,655