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Deposits | 12 Months Ended
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Dec. 31, 2022
Statistical Disclosure for Banks [Abstract] |
Deposits | DEPOSITS The composition of the deposit portfolio is included in the table below for the years indicated:
| December 31, 2022 |  | December 31, 2021
Demand deposits | $ | 8,448,797 |  |  | $ | 7,704,190 |
Savings deposits | 4,657,140 |  |  | 4,334,802 |
Certificates and other time deposits of $100,000 or more | 742,539 |  |  | 273,379 |
Other certificates and time deposits | 468,712 |  |  | 389,752 |
Brokered deposits | 65,557 |  |  | 30,454 |
Total deposits | $ | 14,382,745 |  |  | $ | 12,732,577 |
Deposits increased $1.7 billion from December 31, 2021. The Level One acquisition contributed $1.9 billion of deposits as of the acquisition date, resulting in an organic deposit decline of $280.6 million, or 2.2 percent. Details regarding the acquisition are discussed in NOTE 2. ACQUISITIONS of these Notes to Consolidated Financial Statements. The majority of the organic deposit decline was due to decreases in non-maturity deposits of $513.5 million, which was offset by increases in maturity deposits of $232.9 million when compared to December 31, 2021. Higher interest rates have resulted in customers migrating funds from non-maturity products into maturity time deposit products. At December 31, 2022 and 2021, deposits exceeding the FDIC's Standard Maximum Deposit Insurance Amount of $250,000 were $8.1 billion and $7.6 billion, respectively. At December 31, 2022, the contractual maturities of time deposits are summarized as follows:
| Certificates and Other Time Deposits
2023 | $ | 1,148,819 |
2024 | 96,897 |
2025 | 14,661 |
2026 | 9,819 |
2027 | 6,043 |
After 2027 | 569 |
| $ | 1,276,808 |

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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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