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Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Deposits

Deposits

Deposit account balances are summarized as follows (dollars in thousands): 

			As of December 31,
			2021												2020
			Amount						Weighted Average Rate						Amount						Weighted Average Rate
Transaction:
Negotiable orders of withdrawal and interest-bearing checking			$	1,112,292					0.06		%				$	905,208					0.11		%
Non-interest bearing checking			898,490						—		%				695,831						—		%
Total transaction			2,010,782						0.03		%				1,601,039						0.06		%
Savings:
Money market			609,430						0.07		%				813,168						0.10		%
Savings			1,166,761						0.10		%				1,140,717						0.19		%
Total savings			1,776,191						0.09		%				1,953,885						0.15		%
Certificates of deposit:
Under $100,000			154,320						0.59		%				241,862						1.05		%
$100,000 or more			228,041						0.75		%				279,765						0.71		%
Total certificates of deposit			382,361						0.69		%				521,627						0.87		%
Total deposits			$	4,169,334					0.12		%				$	4,076,551					0.21		%

The Company had brokered deposits (included in certificates of deposit in the table above) of $31.0 million and $47.8 million at December 31, 2021 and 2020, respectively. Additionally included in the table above are $100.0 million of brokered money market deposits held as of December 31, 2020.

Scheduled maturities of certificates of deposit are summarized as follows (in thousands): 

			December 31, 2021
2022			$	295,838
2023			51,691
2024			16,765
2025			13,363
2026			4,704
Total			$	382,361

Interest expense on deposits is summarized as follows (in thousands):

			December 31,
			2021						2020						2019
Transaction			$	805					$	2,372					$	4,623
Savings and money market			2,226						7,869						15,850
Certificates of deposit			3,176						14,989						20,855
			$	6,207					$	25,230					$	41,328

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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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406

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X

- References

No definition available.

+ Details

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