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Deposits
9 Months Ended
Sep. 30, 2024
Deposits [Abstract]  
Deposits
8. Deposits
The aggregate amount of time deposits with a minimum denomination of $250,000 was $923.9 million and $836.7 million at September 30, 2024 and December 31, 2023, respectively. The aggregate amount of time deposits with a minimum denomination of $100,000 was $1.20 billion and $1.09 billion at September 30, 2024 and December 31, 2023, respectively. Interest expense applicable to certificates in excess of $100,000 totaled $12.7 million and $7.5 million for the three months ended September 30, 2024 and 2023, respectively. Interest expense applicable to certificates in excess of $100,000 totaled $36.5 million and $15.7 million for the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024 and December 31, 2023, brokered deposits were $421.3 million and $401.0 million, respectively.
Deposits totaling approximately $2.84 billion and $3.05 billion at September 30, 2024 and December 31, 2023, respectively, were public funds obtained primarily from state and political subdivisions in the United States.