Deposits

9 Months Ended

Sep. 30, 2024

Deposits [Abstract]

Deposits

7. Deposits

As of September 30, 2024 and December 31, 2023, deposits were categorized as interest-bearing or noninterest-bearing as follows:

(dollars in thousands)	September 30, 2024		December 31, 2023
U.S.:
Interest-bearing	$	12,145,741	$	12,731,915
Noninterest-bearing		6,006,013		6,609,483
Foreign:
Interest-bearing		1,281,933		1,017,180
Noninterest-bearing		794,015		974,079
Total deposits	$	20,227,702	$	21,332,657

The following table presents the maturity distribution of time certificates of deposit as of September 30, 2024:

	Under		$250,000
(dollars in thousands)	$250,000		or More		Total
Three months or less	$	682,384	$	633,301	$	1,315,685
Over three through six months		811,006		612,958		1,423,964
Over six through twelve months		370,820		176,073		546,893
One to two years		38,255		6,564		44,819
Two to three years		21,456		6,579		28,035
Three to four years		16,878		3,151		20,029
Four to five years		15,645		6,653		22,298
Thereafter		207		334		541
Total	$	1,956,651	$	1,445,613	$	3,402,264

Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $1.4 billion and $1.8 billion as of September 30, 2024 and December 31, 2023, respectively. Overdrawn deposit accounts are classified as loans and totaled $2.0 million and $2.5 million as of September 30, 2024 and December 31, 2023, respectively.