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Deposits | 12 Months Ended
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Dec. 31, 2023
Deposits [Abstract] |
DEPOSITS | DEPOSITS Deposits consist of the following categories as of the dates indicated:
(dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
| Balance |  | % |  | Balance |  | %
Noninterest-bearing demand |  | $ | 1,258,037 |  |  | 23.36 | % |  | $ | 862,015 |  |  | 28.64 | %
Interest-bearing: |  |  |  |  |  |  |  |
Demand |  | 1,165,546 |  |  | 21.64 |  |  | 694,101 |  |  | 23.06 |
Money market deposits |  | 1,430,603 |  |  | 26.56 |  |  | 709,132 |  |  | 23.56 |
Savings |  | 347,324 |  |  | 6.45 |  |  | 320,188 |  |  | 10.64 |
Certificates of deposit |  | 1,184,610 |  |  | 21.99 |  |  | 424,348 |  |  | 14.10 |
Total interest-bearing |  | 4,128,083 |  |  | 76.64 | % |  | 2,147,769 |  |  | 71.36 | %
Total Deposits |  | $ | 5,386,120 |  |  | 100.00 | % |  | $ | 3,009,784 |  |  | 100.00 | %
As of December 31, 2023 and 2022, deposits, both direct and indirect, from executive officers and directors, their associates and policy-making officers, totaled approximately $35.6 million and $11.9 million, respectively. The following table provides information on the approximate maturities of total time deposits at December 31, 2023 and December 31, 2022.
(dollars in thousands) |  | December 31, 2023 |  | December 31, 2022
Within one year |  | $ | 1,042,343 |  |  | $ | 230,715 |
Year 2 |  | 78,585 |  |  | 138,356 |
Year 3 |  | 36,469 |  |  | 23,860 |
Year 4 |  | 12,081 |  |  | 17,327 |
Year 5 |  | 14,955 |  |  | 14,051 |
Thereafter |  | 177 |  |  | 39 |
Total |  | $ | 1,184,610 |  |  | $ | 424,348 |
The approximate amount of certificates of deposit of $250,000 or more was $354.6 million and $77.7 million at December 31, 2023 and 2022, 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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