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DEPOSITS

3 Months Ended

Mar. 31, 2023

Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]

DEPOSITS

DEPOSITS:

Deposit balances, including their weighted average rates, were as follows: 

			At March 31, 2023												At December 31, 2022
(dollars in thousands)			Amount						Weighted Average Rate						Amount						Weighted Average Rate
Noninterest-bearing demand deposits			$	1,479,428					—		%				$	1,399,912					—		%
Interest bearing:
Interest-bearing demand deposits			496,504						0.34		%				466,490						0.10		%
Savings			323,373						0.06		%				258,977						0.06		%
Money market			2,097,055						1.52		%				2,383,209						1.22		%
Certificates of deposit			2,660,243						3.49		%				2,943,331						3.07		%
Total interest bearing deposits			5,577,175						2.28		%				6,052,007						1.98		%
Total deposits			$	7,056,603					1.79		%				$	7,451,919					1.61		%

Certificates of deposit outstanding mature as follows: 

(in thousands)			March 31, 2023
Within one year			$	2,143,208
One to two years			489,105
Two to three years			15,066
Three to four years			5,202
Four to five years			7,500
Thereafter			162
Total			$	2,660,243

The aggregate amount of certificate of deposits in denominations of more than the FDIC limit of $250 thousand at March 31, 2023 and December 31, 2022 were $186 million and $189 million, respectively. There were $885 million and $1.4 billion of brokered deposits at March 31, 2023 and December 31, 2022, respectively.

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- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406

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- References

No definition available.

+ Details

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