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Deposits
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Deposits

Note 8. Deposits

Time Deposits

As of December 31, 2023, and December 31, 2022, the Company’s total time deposits were $3.1 billion and $1.7 billion, respectively. As of December 31, 2023, the contractual maturities of these time deposits were as follows:

 

(dollars in thousands)

 

Amount

 

2024

 

$

2,484,675

 

2025

 

 

430,254

 

2026

 

 

121,839

 

2027

 

 

8,095

 

2028

 

 

9,333

 

Thereafter

 

 

3,106

 

Total

 

$

3,057,302

 

 

The amount of time deposits with balances of $100,000 or more was $2.7 billion as of December 31, 2023, and $1.5 billion as of December 31, 2022. As of December 31, 2023, the contractual maturities of these time deposits were as follows:

 

(dollars in thousands)

 

Amount

 

Three Months or Less

 

$

922,689

 

Over Three Months through Six Months

 

 

697,099

 

Over Six Months through Twelve Months

 

 

562,023

 

Over Twelve Months

 

 

512,859

 

Total

 

$

2,694,670

 

Uninsured time deposits as of December 31, 2023, and December 31, 2022 were $1.7 billion and $1.3 billion, respectively.

Public Deposits

As of December 31, 2023, and December 31, 2022, deposits of governmental entities of $2.0 billion and $1.6 billion, respectively, required collateralization by acceptable investment securities of the Company.