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DEPOSITS

12 Months Ended

Dec. 31, 2024

The following is a summary of the scheduled maturities of time deposits at December 31:


	2024				2023
	(Dollars in thousands)
1 year or less	$	2,680,063	97.5	%	$	2,056,543	94.3	%
Over 1 year to 2 years	43,773		1.6	%	97,055		4.4	%
Over 2 years to 3 years	11,576		0.4	%	15,594		0.7	%
Over 3 years to 4 years	4,215		0.2	%	8,585		0.4	%
Over 4 years to 5 years	7,719		0.3	%	3,702		0.2	%

Total (1)	$	2,747,346	100.0	%	$	2,181,479	100.0	%

(1)The total amount of time deposit accounts with balances equal to or greater than $250,000 at December 31, 2024 and 2023 was $774.9 million and $571.2 million, respectively.

At December 31, 2024 and 2023, the Company had a balance of $4.7 million and $2.1 million, respectively in demand deposit overdrafts. Overdrafts are included in other consumer loans in the Consolidated Balance Sheets.

The Company had pledged assets as collateral covering certain deposits in the amount of $1.1 billion and $900.2 million at December 31, 2024 and 2023, respectively.

The Bank’s deposit accounts are insured to the maximum extent permitted by law by the DIF which is administered by the FDIC. The FDIC offers insurance coverage on deposits up to the federally insured limit of $250,000.