Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits [Text Block]

Deposits

Interest expense on deposits is summarized as follows (in thousands):

	Year Ended December 31,
	2024		2023		2022
Transaction deposits	$	861,538	$	540,068	$	108,956
Savings	4,845		2,913		489
Total time	159,346		83,616		12,304
Total	$	1,025,729	$	626,597	$	121,749

The aggregate amounts of time deposits in denominations of $250,000 or more at December 31, 2024 and 2023 were $956 million and $1.1 billion, respectively.

Time deposit maturities are as follows: 2025 – $2.4 billion, 2026 – $1.1 billion, 2027 – $67 million, 2028 – $13 million, 2029 – $7.7 million and $6.6 million thereafter. 

The aggregate amount of overdrawn customer transaction deposits that have been reclassified as loan balances was $5.2 million at December 31, 2024 and $5.7 million at December 31, 2023.