Customer Deposits—The Company offers individual savings accounts and other depository products with differing maturities and interest rates through its U.K. banking operations. As of March 31, 2026 and December 31, 2025, customer deposits are included within liabilities of discontinued operations on the condensed consolidated balance sheets as they relate to the Birmingham Bank disposal group (see Note 3). The balance of customer deposits as of March 31, 2026 and December 31, 2025 was $755.1 million and $763.0 million, respectively.

The following tables present average balances and weighted average rates paid on deposits for the periods indicated:


	Three Months Ended March 31,
	2026				2025
(Amounts in thousands)	Average Balance		Average Rate Paid		Average Balance		Average Rate Paid
Notice	$	144,577	3.54	%	$	45,456	3.71	%
Term	597,515		4.35	%	160,481		4.72	%
Savings	25,242		2.70	%	516		1.53	%
Total deposits	$	767,334	3.53	%	$	206,453	3.32	%


(Amounts in thousands)	As of March 31, 2026
Demand deposits	$	163,610
Maturing In:
2026	106,570
2027	192,105
2028	152,587
2029	39,421
2030	99,176
Thereafter	1,616
Total	$	755,085

Interest expense on deposits is recorded in interest expense in the condensed consolidated statements of operations and comprehensive loss for the periods indicated as follows:


	Three Months Ended March 31,
(Amounts in thousands)	2026		2025
Notice	$	1,708	$	482
Term	6,883		1,619
Savings	15		—
Total Interest Expense	$	8,606	$	2,101

Deposits are for U.K. banking clients and are protected up to £120 thousand ($158.6 thousand) per eligible person by the Financial Services Compensation Scheme in the U.K. of the total customer deposits as of March 31, 2026, $193.2 million were over the applicable protected amount.