XML 59 R45.htm IDEA: XBRL DOCUMENT
v3.24.0.1

DEPOSITS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Deposits [Abstract] |
Schedule of Company's interest-bearing deposits | The Company’s deposits are summarized below:
(dollars in thousands) | December 31, 2023 |  | December 31, 2022
Noninterest-bearing deposits | $ | 1,072,407 |  |  | $ | 994,954 |
Interest-bearing deposits: |  |  |
Interest-bearing demand | 1,145,092 |  |  | 1,139,150 |
Money market | 803,381 |  |  | 555,425 |
Savings | 608,424 |  |  | 634,527 |
Time | 627,253 |  |  | 262,968 |
Brokered | 144,880 |  |  | — |
Total interest-bearing deposits | 3,329,030 |  |  | 2,592,070 |
Total deposits | $ | 4,401,437 |  |  | $ | 3,587,024 |
Schedule of interest expense on deposits | The components of interest expense on deposits are as follows:
|  |  | Year Ended December 31,
(dollars in thousands) |  |  |  |  | 2023 |  | 2022 |  | 2021
Interest-bearing demand |  |  |  |  | $ | 3,130 |  |  | $ | 607 |  |  | $ | 518 |
Money market |  |  |  |  | 7,352 |  |  | 813 |  |  | 437 |
Savings |  |  |  |  | 1,033 |  |  | 208 |  |  | 188 |
Time |  |  |  |  | 10,784 |  |  | 883 |  |  | 1,329 |
Brokered |  |  |  |  | 2,836 |  |  | — |  |  | — |
Total interest expense on deposits |  |  |  |  | $ | 25,135 |  |  | $ | 2,511 |  |  | $ | 2,472 |
Time Deposit Maturities | At December 31, 2023, the scheduled maturities of time and brokered time deposits are as follows (dollars in thousands):
Year ended December 31, |
2024 | $ | 676,895 |
2025 | 76,274 |
2026 | 10,593 |
2027 | 4,992 |
2028 | 3,255 |
Thereafter | 124 |
Total | $ | 772,133 |

X
- Definition Tabular disclosure of type of deposit liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (1) -Publisher SEC Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (2) -Publisher SEC Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (3) -Publisher SEC Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (4) -Publisher SEC Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (5) -Publisher SEC Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (c) -Publisher SEC Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (d) -Publisher SEC Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (1) -Publisher SEC Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2) -Publisher SEC Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i) -Publisher SEC Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i)(ii) -Publisher SEC Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i)(iii) -Publisher SEC Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i)(iv) -Publisher SEC + Details
Name: | us-gaap_DepositLiabilitiesTypeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DepositsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of time deposit liability maturities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_TimeDepositMaturitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration