v3.26.1
Deposits
6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
Deposits Deposits
On April 1, 2026, the Company completed the acquisition of MCBI. Including the effects of the known purchase accounting adjustments, as of the acquisition date, MCBI had approximately $1.54 billion in deposits.
The aggregate amount of time deposits of $250,000 or less was $1.02 billion and $805.3 million at June 30, 2026 and December 31, 2025, respectively, and the aggregate amount of time deposits of more than $250,000 was $1.22 billion and $1.01 billion at June 30, 2026 and December 31, 2025, respectively.
The following table presents the interest expense on time deposits for the three-month and six-month periods ended June 30, 2026 and 2025:
3 Months Ended6 Months Ended
Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025
(In thousands)
Interest Expense
Time deposits less than $250,000$8,394 $7,730 $14,765 $15,727 
Time deposits of more than $250,00010,387 9,717 18,753 18,835 
Total$18,781 $17,447 $33,518 $34,562 
As of June 30, 2026 and December 31, 2025, brokered deposits were $587.3 million and $435.7 million, respectively. Deposits totaling approximately $3.23 billion and $3.32 billion at June 30, 2026 and December 31, 2025, respectively, were public funds obtained primarily from state and political subdivisions in the United States.