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v3.23.4

Deposits | 9 Months Ended
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Sep. 30, 2023
Deposits [Abstract] |
Deposits | Deposits Deposits consist of the following categories as of the dates indicated:
(dollars in thousands) |  | September 30, 2023 |  | December 31, 2022
| Balance |  | % |  | Balance |  | %
Noninterest-bearing demand |  | $ | 1,211,401 |  |  | 23.70 | % |  | $ | 862,015 |  |  | 28.60 | %
Interest-bearing: |  |  |  |  |  |  |  |
Demand |  | 1,210,051 |  |  | 23.70 | % |  | 694,101 |  |  | 23.10 | %
Money market deposits |  | 1,179,049 |  |  | 23.10 | % |  | 709,132 |  |  | 23.60 | %
Savings |  | 371,755 |  |  | 7.30 | % |  | 320,188 |  |  | 10.60 | %
Certificates of deposit |  | 1,136,488 |  |  | 22.20 | % |  | 424,348 |  |  | 14.10 | %
Total interest-bearing |  | 3,897,343 |  |  | 76.30 | % |  | 2,147,769 |  |  | 71.40 | %
Total Deposits |  | $ | 5,108,744 |  |  | 100.00 | % |  | $ | 3,009,784 |  |  | 100.00 | %
At September 30, 2023, the scheduled contractual maturities of certificates of deposit are as follows:
(dollars in thousands) |  | September 30, 2023
Within one year |  | $ | 894,384 |
Year 2 |  | 162,135 |
Year 3 |  | 48,171 |
Year 4 |  | 15,530 |
Year 5 |  | 15,816 |
Thereafter |  | 452 |
|  | $ | 1,136,488 |
The aggregate amount of certificates of deposit that met or exceeded the FDIC insurance limit of $250,000 at September 30, 2023 and December 31, 2022 was $311.3 million and $77.7 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 + Details
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- References No definition available. + Details
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