v3.26.1
Interest-Bearing Deposits (Tables)
 6 Months Ended
Jun. 30, 2026
Interest-bearing Deposits [Abstract]  
Summary of 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 
Summary of Time Deposit Maturities 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 
Summary of Composition of Network Deposits 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 
Summary of Interest Expense Recognized on Interest-Bearing Deposits
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