v3.25.2
DEPOSITS
6 Months Ended
Jun. 30, 2025
DEPOSITS  
DEPOSITS

NOTE 10: DEPOSITS

Weighted Average

June 30, 

December 31, 

    

Interest Rate

    

2025

    

2024

(In Thousands, Except Interest Rates)

Non-interest-bearing accounts

$

859,910

$

842,931

Interest-bearing checking and savings accounts

1.41% and 1.39%

2,233,213

2,214,732

 

3,093,123

3,057,663

 

Certificate accounts

0.00% - 0.99%

 

42,244

52,720

1.00% - 1.99%

97,371

75,938

2.00% - 2.99%

3,328

8,244

3.00% - 3.99%

 

546,836

89,967

4.00% - 4.99%

 

67,875

548,903

5.00% and above

757,654

775,772

Brokered deposits

4.44% and 4.61%

833,349

772,114

833,349

772,114

 

$

4,684,126

$

4,605,549

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $833.3 million and $772.1 million at June 30, 2025 and December 31, 2024, respectively. At both June 30, 2025 and December 31, 2024, brokered deposits included $300.0 million of purchased funds through the IntraFi Financial network. These IntraFi Financial deposits have a rate of interest that floats daily with an index of effective federal funds rate plus a spread. At June 30, 2025, there were brokered deposits totaling $99.7 million that had fixed rates of interest but were callable at the Bank’s discretion. At June 30, 2025, approximately 35% of the Company’s total deposits were uninsured, when including deposit accounts of consolidated subsidiaries of the Company and collateralized deposits of unaffiliated entities. Excluding deposit accounts of the Company’s consolidated subsidiaries, approximately 15% of the Company’s total deposits were uninsured at June 30, 2025.