Deposits

12 Months Ended

Dec. 31, 2025

Deposits

Deposits

Note 8 – Deposits

A comparative summary of deposits is as follows as of the dates stated:

	December 31, 2025		December 31, 2024
	(in thousands)
Transactional accounts:
Noninterest-bearing demand deposits	$	824,403	$	623,400
Savings accounts		208,672		108,685
NOW accounts		664,719		481,539
Money market accounts		1,650,849		1,000,748
Total transactional accounts		3,348,643		2,214,372
Time deposits
Greater than $250,000		772,915		694,062
Less than or equal to $250,000		1,731,976		1,269,218
Total time deposits		2,504,891		1,963,280
Total deposits	$	5,853,534	$	4,177,652

Contractual maturities of time deposits are as follows:

	December 31, 2025
	(in thousands)
Within 1 year	$	2,467,466
Over 1 year to 2 years		24,306
Over 2 years to 3 years		7,030
Over 3 years to 4 years		2,056
Over 4 years to 5 years		4,033
	$	2,504,891

Included in time deposits less than or equal to $250,000 are brokered certificates of deposit of approximately $535.7 million and $309.8 million as of December 31, 2025 and 2024, respectively.

As of December 31, 2025 and 2024, total deposits related to the cannabis industry are $453.0 million and $395.2 million, or 7.7% and 9.5%, of total deposits, respectively.

There are no customers whose deposit balances exceed 5% of total deposits as of December 31, 2025 and 2024.