XML 165 R132.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed financial statements of the parent company only - Condensed Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Assets      
Cash and demand deposits with banks - Non-interest bearing $ 91,826 $ 93,032  
Demand deposits with banks - Interest bearing 151,104 258,239  
Cash equivalents - Interest bearing 1,403,718 1,749,516  
Cash and cash equivalents 1,646,648 2,100,787  
Securities purchased under agreements to resell 187,274 59,871  
Short-term investments 1,038,037 884,478  
Investments (none of the investment securities are intrinsically tax-exempt)      
Equity securities at fair value 0 236  
Available-for-sale investments 1,831,129 1,988,865  
Held-to-maturity 3,461,097 3,738,080  
Total investment in securities 5,292,226 5,727,181  
Loans 4,745,849 5,096,430  
Other assets, including accrued interest, premises, equipment and computer software, equity method investments, receivables from subsidiaries and other real estate owned 203,204 203,520  
Total assets 13,374,020 14,306,062  
Deposits      
Non-interest bearing 2,656,659 3,039,701  
Interest bearing 9,330,049 9,951,375  
Total deposits 11,986,708 12,991,076  
Employee benefit plans 88,694 92,018  
Other liabilities, including accrued interest and payables to subsidiaries 196,531 185,864  
Total other liabilities 285,225 277,882  
Long-term debt 98,490 172,289  
Total liabilities 12,370,423 13,441,247  
Shareholders' equity      
Total shareholders’ equity 1,003,597 864,815 $ 977,493
Total liabilities and shareholders’ equity 13,374,020 14,306,062  
Available-for-sale, amortized cost 1,995,050 2,209,078  
Held-to-maturity, fair value 2,976,709 3,197,508  
Bank of N.T. Butterfield & Son Ltd      
Assets      
Cash and demand deposits with banks - Non-interest bearing 40,436 38,835  
Demand deposits with banks - Interest bearing 64,273 142,213  
Cash equivalents - Interest bearing 265,775 723,323  
Cash and cash equivalents 370,484 904,371  
Securities purchased under agreements to resell 187,274 59,871  
Short-term investments 599,156 80,315  
Investments (none of the investment securities are intrinsically tax-exempt)      
Equity securities at fair value 0 236  
Available-for-sale investments 786,903 853,749  
Held-to-maturity 1,309,659 1,421,556  
Total investment in securities 2,096,562 2,275,541  
Other assets, including accrued interest, premises, equipment and computer software, equity method investments, receivables from subsidiaries and other real estate owned 229,234 242,796  
Total assets 5,884,043 5,942,432  
Deposits      
Non-interest bearing 1,610,269 1,811,455  
Interest bearing 3,008,750 2,936,307  
Total deposits 4,619,019 4,747,762  
Employee benefit plans 88,682 91,983  
Other liabilities, including accrued interest and payables to subsidiaries 74,255 65,583  
Total other liabilities 162,937 157,566  
Long-term debt 98,490 172,289  
Total liabilities 4,880,446 5,077,617  
Shareholders' equity      
Total shareholders’ equity 1,003,597 864,815  
Total liabilities and shareholders’ equity 5,884,043 5,942,432  
Available-for-sale, amortized cost 853,864 944,746  
Held-to-maturity, fair value 1,148,103 1,238,333  
Bank of N.T. Butterfield & Son Ltd | Nonrelated Party      
Investments (none of the investment securities are intrinsically tax-exempt)      
Loans 1,716,803 1,839,622  
Bank of N.T. Butterfield & Son Ltd | Related Party      
Investments (none of the investment securities are intrinsically tax-exempt)      
Loans 34,541 58,056  
Bank of N.T. Butterfield & Son Ltd | Banks      
Investments (none of the investment securities are intrinsically tax-exempt)      
Net assets of subsidiaries 597,724 480,297  
Bank of N.T. Butterfield & Son Ltd | Customers      
Investments (none of the investment securities are intrinsically tax-exempt)      
Net assets of subsidiaries $ 52,265 $ 1,563