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Interest-Bearing Deposits
 6 Months Ended
Jun. 30, 2026
Interest-bearing Deposits [Abstract]  
Interest-Bearing Deposits Interest-Bearing Deposits
Table 5.1 shows the composition of interest-bearing deposits as of June 30, 2026 and December 31, 2025.
Table 5.1: Interest-Bearing Deposits
(in thousands)June 30, 2026December 31, 2025
Interest-bearing transaction accounts$500,256 $344,200 
Savings accounts147,435 139,169 
Money market accounts2,669,295 2,078,567 
Time accounts, $250 or more
277,450 350,032 
Other time accounts30,541 204,579 
Total interest-bearing deposits$3,624,977 $3,116,547 
Time deposits totaled $308.0 million and $554.6 million as of June 30, 2026 and December 31, 2025, respectively. Scheduled maturities of time deposits as of June 30, 2026 for the next five years are shown in Table 5.2.
Table 5.2: Scheduled Maturities of Time Deposits
(in thousands)
2026$281,663 
202726,165 
2028163 
2029— 
2030— 
Total time deposits$307,991 
Total deposits include deposits offered through the IntraFi Network that are comprised of Certificate of Deposit Account Registry Service® (“CDARS”) balances included in time deposits and Insured Cash Sweep® (“ICS”) balances included in money market and interest-bearing transaction deposits. Through this network, the Company offers customers access to FDIC-insured deposit products in aggregate amounts exceeding current insurance limits. When funds are deposited through CDARS and ICS on behalf of a customer, the Company has the option of receiving matching deposits through the network’s reciprocal deposit program or placing deposits “one-way,” for which the Company receives no matching deposits. The Company considers the reciprocal deposits to be in-market deposits, as distinguished from traditional out-of-market brokered deposits. There were no one-way deposits at June 30, 2026 or December 31, 2025. The composition of network deposits as of June 30, 2026 and December 31, 2025 is shown in Table 5.3.
Table 5.3: Network Deposits
(in thousands)June 30, 2026December 31, 2025
CDARS$22,428 $21,488 
ICS1,088,746 957,156 
Total network deposits$1,111,174 $978,644 
Table 5.4 presents interest expense recognized on interest-bearing deposits for the periods ended June 30, 2026 and 2025.
Table 5.4: Interest Expense Recognized on Interest-Bearing Deposits
Three months endedSix months ended
(in thousands)June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Interest-bearing transaction accounts$1,297 $1,043 $2,430 $2,155 
Savings accounts844 801 1,674 1,573 
Money market accounts19,318 13,270 35,168 25,705 
Time accounts, $250 or more
2,805 3,945 5,789 7,701 
Other time accounts818 3,845 2,750 7,718 
Total interest expense on interest-bearing deposits$25,082 $22,904 $47,811 $44,852