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Deposits

6 Months Ended

Jun. 30, 2023

Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]

Deposits

Deposits

The following table provides information regarding the Bank’s deposit composition at June 30, 2023 and December 31, 2022:

(dollars in thousands)						June 30, 2023						December 31, 2022
Noninterest bearing demand						$	2,010,353					$	3,150,751
Interest bearing transaction						930,308						1,138,235
Savings and money market						2,791,040						3,640,697
Time deposits						1,986,426						783,499
Total						$	7,718,127					$	8,713,182

The remaining maturity of time deposits at June 30, 2023 and December 31, 2022 were as follows:

(dollars in thousands)						June 30, 2023						December 31, 2022
2023						$	588,446					$	463,393
2024						761,254						152,898
2025						450,091						157,320
2026						172,794						2,628
2027						4,857						4,130
2028						8,984						3,130
Thereafter						—						—
Total						$	1,986,426					$	783,499

As of June 30, 2023 and December 31, 2022, time deposit accounts in excess of $250 thousand were as follows:

(dollars in thousands)						June 30, 2023						December 31, 2022
Three months or less						$	148,171					$	87,959
More than three months through six months						197,194						51,746
More than six months through twelve months						384,477						108,877
Over twelve months						790,099						269,200
Total						$	1,519,941					$	517,782

At June 30, 2023, total brokered deposits (excluding the CDARS and ICS two-way) were $2.5 billion, or 32.1% of total deposits. At December 31, 2022, total deposits included $2.3 billion of brokered deposits (excluding the CDARS and ICS two-way), which represented 26.5% of total deposits.

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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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- References

No definition available.

+ Details

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