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Note 11 - Deposits | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Deposit Liabilities Disclosures [Text Block] |
(11) | Deposits
The composition of deposits follows:
December 31, (in thousands) |  | 2022 |  |  | 2021 |
Non-interest bearing demand deposits |  | $ | 1,950,198 |  |  | $ | 1,755,754 |
Interest bearing deposits: |  |  |  |  |  |  |  |
Interest bearing demand |  |  | 2,308,960 |  |  |  | 2,131,928 |
Savings |  |  | 535,903 |  |  |  | 415,258 |
Money market |  |  | 1,124,100 |  |  |  | 1,050,352 |
Time deposit accounts of $250,000 or more |  |  | 97,638 |  |  |  | 89,745 |
Other time deposits |  |  | 374,453 |  |  |  | 344,477 |
Total time deposits(1) |  |  | 472,091 |  |  |  | 434,222 |
Total interest bearing deposits |  |  | 4,441,054 |  |  |  | 4,031,760 |
Total deposits |  | $ | 6,391,252 |  |  | $ | 5,787,514 |
(1) | Includes $599,000 and $5 million in brokered deposits as of December 31, 2022 and 2021, respectively.
Deposits totaling $1.12 billion were assumed on March 7, 2022 in relation to the CB acquisition. Deposits totaling $1.04 billion were assumed on May 31, 2021 in relation to the KB acquisition. Interest expense related to certificates of deposit and other time deposits in denominations of $250,000 or more was $472,000, $464,000 and $888,000 for the years ended December 31, 2022, 2021 and 2020, respectively. At December 31, 2022, the scheduled maturities of all time deposits were as follows:
(in thousands) |  |  |  |
2023 |  | $ | 334,504 |
2024 |  |  | 94,138 |
2025 |  |  | 24,212 |
2026 |  |  | 8,924 |
2027 |  |  | 10,121 |
Beyond five years |  |  | 192 |
Total time deposits |  | $ | 472,091 |
Deposits of directors and their associates, including deposits of companies for which directors are principal owners, and executive officers were $59 million and $104 million at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, Bancorp had $913,000 and $612,000 of deposits accounts in overdraft status and thus have been reclassified to loans on the accompanying consolidated balance sheets.

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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 + Details
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