v3.26.1
Deposits (Tables)
 6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
Summary of Average Balances and Weighted Average Rates Paid on Deposits
The following table presents average balances and weighted average rates paid on deposits for the periods indicated (dollars in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Average
Balance
Average
Rate Paid(1)
Average
Balance
Average
Rate Paid(1)
Average
Balance
Average
Rate Paid(1)
Average
Balance
Average
Rate Paid(1)
Demand deposits:
Non-interest bearing$9,027,557 — %$7,993,915 — %$8,747,082 — %$7,705,120 — %
Interest bearing6,365,179 2.87 %5,407,538 3.39 %6,200,056 2.89 %5,111,328 3.37 %
Savings and money market10,083,767 2.89 %10,355,700 3.41 %10,164,282 2.89 %10,593,396 3.42 %
Time3,251,965 3.51 %3,919,526 3.79 %3,500,231 3.49 %4,122,014 3.89 %
$28,728,468 2.05 %$27,676,679 2.47 %$28,611,651 2.08 %$27,531,858 2.52 %
(1)Annualized.
Time Deposit Maturities
The following table presents maturities of time deposits as of June 30, 2026 (in thousands):
Maturing in:
2026$1,634,050 
2027704,563 
202827,854 
2029900 
2030865 
Thereafter549 
$2,368,781 
schedule of interest expense on deposits
Interest expense on deposits for the periods indicated was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Interest bearing demand$45,432 $45,689 $88,726 $85,582 
Savings and money market72,729 88,023 146,007 179,802 
Time28,444 36,983 60,566 79,521 
$146,605 $170,695 $295,299 $344,905