DEPOSITS |
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| DEPOSITS | NOTE 10: DEPOSITS
The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $575.6 million and $663.4 million at June 30, 2026 and December 31, 2025, respectively. At June 30, 2026 and December 31, 2025, brokered deposits included $300.0 million and $450.0 million, respectively, 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, 2026, approximately 39% of the Company’s total deposits were uninsured, 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 16% of the Company’s total deposits were uninsured at June 30, 2026. |
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