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Deposits | 12 Months Ended
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Dec. 31, 2023
Deposits [Abstract] |
Deposits | Note 8 – Deposits As of December 31, 2023 and 2022, deposits consisted of the following (in thousands):
|  | 2023 |  |  | 2022 |
Demand deposits: |  |  |  |  |  |
Non-interest bearing |  | $ | 1,398,234 |  |  | $ | 1,256,514 |
Interest-bearing |  |  | 1,837,296 |  |  |  | 1,389,283 |
Savings |  |  | 710,586 |  |  |  | 636,699 |
Money market |  |  | 1,129,950 |  |  |  | 1,267,726 |
Time deposits |  |  | 1,047,593 |  |  |  | 706,779 |
Total deposits |  | $ | 6,123,659 |  |  | $ | 5,257,001 |
Total interest expense on deposits for the years ended December 31, 2023, 2022, and 2021 was as follows (in thousands):
|  | 2023 |  |  | 2022 |  |  | 2021 |
Interest-bearing demand |  | $ | 21,347 |  |  | $ | 4,315 |  |  | $ | 1,547 |
Savings |  |  | 739 |  |  |  | 570 |  |  |  | 487 |
Money market |  |  | 26,592 |  |  |  | 9,394 |  |  |  | 2,711 |
Time deposits |  |  | 28,616 |  |  |  | 4,534 |  |  |  | 4,292 |
Total |  | $ | 77,294 |  |  | $ | 18,813 |  |  | $ | 9,037 |
As of December 31, 2023, 2022, and 2021, the aggregate amount of time deposits in denominations of more than $250,000 was as follows (in thousands):
|  | 2023 |  |  | 2022 |  |  | 2021 |
Time deposit balances in denominations of more than $250,000 |  | $ | 282,028 |  |  | $ | 138,056 |  |  | $ | 117,887 |
The following table shows the amount of maturities for all time deposits as of December 31, 2023 (in thousands):
Less than 1 year |  | $ | 872,385 |
1 year to 2 years |  |  | 93,316 |
2 years to 3 years |  |  | 24,669 |
3 years to 4 years |  |  | 46,962 |
4 years to 5 years |  |  | 9,916 |
Over 5 years |  |  | 345 |
Total |  | $ | 1,047,593 |
In 2023 the Company maintained account relationships with various public entities throughout its market areas. These public entities had total balances of approximately $381.3 million and $319.4 million in various checking accounts and time deposits as of December 31, 2023 and 2022, respectively. These balances are subject to change depending upon the cash flow needs of the public entity.

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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