Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Details on These Fixed and Determinable Obligations

The Company has various financial obligations, including contractual obligations and commitments that may require future cash payments. Except for its loan commitments, as shown in Note 20 "Financial Instruments With Off Balance Sheet Risk" the following table shows details on these fixed and determinable obligations as of December 31, 2023 in the time period indicated.

(dollars in thousands)	Within One Year		One to Three Years		Three to Five Years		Over Five Years		Total
Deposits without a stated maturity (1)	$	6,590,572	$	—	$	—	$	—	$	6,590,572
Time deposits (1)	1,445,395		756,763		15,309		—		2,217,467
Borrowed funds (2)	1,400,505		—		—		—		1,400,505
Operating lease obligations	6,564		8,593		4,525		3,556		23,238
Outside data processing (3)	5,450		11,568		13,382		—		30,400
George Mason sponsorship (4)	675		1,388		1,400		4,675		8,138
LIHTC investments (5)	16,292		6,340		518		735		23,885
Total	$	9,465,453	$	784,652	$	35,134	$	8,966	$	10,294,205

(1)Excludes accrued interest payable at December 31, 2023.

(2)Borrowed funds include customer repurchase agreements and other borrowings.

(3)The Bank has outstanding obligations under its current core data processing contract that expire in June 2029 and one other vendor arrangement that relates to network infrastructure and data center services that expires in December 2024.

(4)The Bank has the option of terminating the George Mason University ("George Mason") agreement at the end of contract years 10 and 15 (that is, effective June 30, 2025 or June 30, 2030). Should the Bank elect to exercise its right to terminate the George Mason contract, contractual obligations would decrease $3.5 million and $3.6 million for the first option period (years 11-15) and the second option period (years 16-20), respectively.

(5)LIHTC expected payments for unfunded affordable housing commitments.