v3.26.1
DEPOSITS
 6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
DEPOSITS DEPOSITS
The Company’s deposits are summarized below:
(dollars in thousands)June 30, 2026December 31, 2025
Noninterest-bearing deposits$1,313,650 $1,049,043 
Interest-bearing deposits:
Interest-bearing demand1,351,994 1,144,416 
Money market1,012,207 839,097 
Savings853,993 564,220 
Time1,226,142 762,487 
Total interest-bearing deposits4,444,336 3,310,220 
Total deposits$5,757,986 $4,359,263 
Reciprocal deposits included in interest-bearing demand deposits, money market deposits, and time deposits totaled $314.5 million and $289.9 million as of June 30, 2026 and December 31, 2025, respectively. There were no brokered deposits as of June 30, 2026 and December 31, 2025.
The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $376.6 million and $201.4 million as of June 30, 2026 and December 31, 2025, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $764.2 million and $445.7 million as of June 30, 2026 and December 31, 2025, respectively.
The components of interest expense on deposits were as follows:
Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Interest-bearing demand$2,238 $1,569 $4,169 $3,022 
Money market4,572 4,463 9,020 8,860 
Savings1,209 374 1,913 744 
Time9,234 6,429 16,260 13,148 
Total interest expense on deposits$17,253 $12,835 $31,362 $25,774