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Deposits | 9 Months Ended
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Sep. 30, 2024
Deposits [Abstract] |
Deposits | Deposits Deposits consisted of the following as of September 30, 2024 and December 31, 2023:
(Dollars in thousands) | September 30, 2024 |  | % of Total Deposits |  | December 31, 2023 |  | % of Total Deposits
Noninterest-bearing demand deposits | $ | 791,980 |  |  | 16.8 | % |  | $ | 801,312 |  |  | 18.4 | %
Interest-bearing demand deposits | 1,098,658 |  |  | 23.4 | % |  | 947,372 |  |  | 21.8 | %
Money market | 925,399 |  |  | 19.7 | % |  | 850,674 |  |  | 19.6 | %
Savings | 264,726 |  |  | 5.6 | % |  | 288,404 |  |  | 6.6 | %
Total demand and savings | 3,080,763 |  |  | 65.5 | % |  | 2,887,762 |  |  | 66.4 | %
Time | 1,626,001 |  |  | 34.5 | % |  | 1,458,450 |  |  | 33.6 | %
Total deposits | $ | 4,706,764 |  |  | 100.0 | % |  | $ | 4,346,212 |  |  | 100.0 | %
Overdrafts | $ | 128 |  |  | 0.00 | % |  | $ | 315 |  |  | 0.01 | %
The scheduled maturities of time deposits at September 30, 2024 were as follows:
| Time Deposits
(In thousands) | Less than $250,000 |  | $250,000 or more
Maturing in 2024 | $ | 543,695 |  |  | $ | 193,278 |
Maturing in 2025 | 580,141 |  |  | 213,497 |
Maturing in 2026 | 49,155 |  |  | 7,741 |
Maturing in 2027 | 19,627 |  |  | 1,210 |
Maturing in 2028 | 9,772 |  |  | 264 |
Maturing thereafter | 7,329 |  |  | 292 |
| $ | 1,209,719 |  |  | $ | 416,282 |
Mid Penn had $269.8 million and $244.8 million in brokered certificates of deposits as of September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024 and December 31, 2023, Mid Penn had $83.8 million and $96.7 million of CDAR deposits, 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/1943274/2147478353/942-405-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph e -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC + Details
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- References No definition available. + Details
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