Annual report [Section 13 and 15(d), not S-K Item 405]

Deposits

v3.25.4
Deposits
12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Deposits

Note 8 — Deposits

Time deposits more than $250,000 at December 31, 2025 and 2024 were $1.14 billion and $1.00 billion, respectively.

 

At December 31, 2025, 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)

 

2026

 

$

1,136,877

 

 

$

1,285,988

 

 

$

2,422,865

 

2027

 

 

390

 

 

 

62,900

 

 

 

63,290

 

2028

 

 

 

 

 

16,473

 

 

 

16,473

 

2029

 

 

 

 

 

183

 

 

 

183

 

2030 & thereafter

 

 

269

 

 

 

341

 

 

 

610

 

Total

 

$

1,137,536

 

 

$

1,365,885

 

 

$

2,503,421

 

 

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

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Demand: interest-bearing

 

$

124

 

 

$

119

 

 

$

117

 

Money market and savings

 

 

66,147

 

 

 

68,304

 

 

 

44,066

 

Time deposits more than $250,000

 

 

46,976

 

 

 

48,779

 

 

 

42,762

 

Other time deposits

 

 

51,458

 

 

 

65,490

 

 

 

47,763

 

Total interest expense on deposits

 

$

164,705

 

 

$

182,692

 

 

$

134,708

 

 

Accrued interest payable on deposits was $34.8 million at December 31, 2025 and 2024. Total deposits reclassified to loans due to overdrafts at December 31, 2025 and 2024 were $2.4 million and $1.2 million, respectively.