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Interest-Bearing Deposits (Tables)
 6 Months Ended
Jun. 30, 2024
Interest-bearing Deposits  
Schedule of Interest-Bearing Deposits.
Table 5.1 shows the composition of interest-bearing deposits as of June 30, 2024 and December 31, 2023.
Table 5.1: Interest-Bearing Deposits
(in thousands)June 30, 2024December 31, 2023
Interest-bearing transaction accounts$299,815 $320,356 
Savings accounts126,532 126,498 
Money market accounts1,564,120 1,282,369 
Time accounts, $250 or more
192,344 344,694 
Other time accounts141,087 121,878 
Total interest-bearing deposits$2,323,898 $2,195,795 
Schedule of Time Deposit Maturities Scheduled maturities of time deposits as of June 30, 2024 for the next five years are shown in Table 5.2.
Table 5.2: Scheduled Maturities of Time Deposits
(in thousands)
2024$285,068 
202546,561 
20261,566 
2027100 
2028136 
Total time deposits$333,431 
Schedule of Composition of Network Deposits The composition of network deposits as of June 30, 2024 and December 31, 2023 is shown in Table 5.3.
Table 5.3: Network Deposits
(in thousands)June 30, 2024December 31, 2023
CDARS$17,397 $16,325 
ICS682,875 620,199 
Total network deposits$700,272 $636,524 
Schedule of Interest Expense Recognized on Interest-Bearing Deposits
Table 5.4 presents interest expense recognized on interest-bearing deposits for the periods ended June 30, 2024 and 2023.
Table 5.4: Interest Expense Recognized on Interest-Bearing Deposits
Three months endedSix months ended
(in thousands)June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Interest-bearing transaction accounts$1,104 $825 $2,230 $1,258 
Savings accounts856 758 1,718 1,303 
Money market accounts13,388 8,136 25,543 13,572 
Time accounts, $250 or more
2,412 2,634 6,235 4,597 
Other time accounts957 1,616 2,502 2,617 
Total interest expense on interest-bearing deposits$18,717 $13,969 $38,228 $23,347