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Deposits

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Deposits

Deposits

The following table summarizes the Company's deposits at the dates indicated: 

			December 31,
			2023						2022
			Amount						Amount
			(Dollars in thousands)
Noninterest demand deposits			$	1,715,847					$	2,099,464
Interest bearing demand deposits			1,608,745						1,830,727
Money market accounts			1,094,351						1,063,243
Savings accounts			487,956						623,833
Certificates of deposit			692,973						307,573
Total deposits			$	5,599,872					$	5,924,840

Deposit accounts overdrawn and reclassified to loans receivable were $293,000 and $317,000 as of December 31, 2023 and December 31, 2022, respectively. Accrued interest payable on deposits was $250,000 and $70,000 as of December 31, 2023 and December 31, 2022, respectively and is included in "Accrued expenses and other liabilities" in the Consolidated Statements of Financial Condition.

Scheduled maturities of certificates of deposit for years after December 31, 2023 are as follows, in thousands:

2024			$	666,454
2025			12,011
2026			4,052
2027			4,588
2028			5,848
Thereafter			20
Total			$	692,973

Certificates of deposit issued in denominations equal to or in excess of $250,000 totaled $375.9 million and $103.7 million as of December 31, 2023 and December 31, 2022, respectively.

Deposits received from related parties as of December 31, 2023 and December 31, 2022 totaled $4.2 million and $6.8 million, 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
-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

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X

- References

No definition available.

+ Details

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