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Deposits | 9 Months Ended
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Sep. 30, 2024
Deposits |
Deposits | ​ 12. Deposits ​ The major components of interest-bearing and noninterest-bearing deposits at September 30, 2024 and December 31, 2023 are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | ​ | September 30, 2024 |  | ​ | December 31, 2023
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​
Money market accounts | ​ | $ | 1,018,575 | ​ | $ | 782,243
NOW accounts | ​ |  | 1,439,382 | ​ |  | 796,426
Savings accounts | ​ |  | 509,412 | ​ |  | 429,011
Time deposits less than $250 | ​ |  | 824,791 | ​ |  | 505,409
Time deposits $250 or more | ​ |  | 128,139 | ​ |  | 121,265
Total interest-bearing deposits | ​ |  | 3,920,299 | ​ |  | 2,634,354
Noninterest-bearing deposits | ​ |  | 717,565 | ​ |  | 644,683
Total deposits | ​ | $ | 4,637,864 | ​ | $ | 3,279,037
​ The FNCB merger added $1.3 billion of retail deposits and $140.6 million of brokered deposits. The combined deposit base consisted of 38.6% retail accounts, 33.3% commercial accounts, 19.7% municipal relationships and 8.4% brokered deposits at September 30, 2024. At September 30, 2024, total estimated uninsured deposits, were approximately $1.6 billion, or approximately 33.8% of total deposits; as compared to approximately $883.5 million, or 26.9% of total deposits at December 31, 2023. Included in the uninsured total at September 30, 2024 is $372.5 million of municipal deposits collateralized by letters of credit issued by the FHLB and pledged investment securities, and $2.6 million of affiliate company deposits. We also offer customers access to IntraFi's CDARS and ICS programs through which their deposits may be allocated to separate FDIC-insured institutions, while they are able to maintain their relationship with our bank. ​ The scheduled maturities of time deposits are summarized below, through September 30 of each year: ​
​ | ​ | ​ | ​ | ​
(Dollars in thousands) |  | ​ | ​ | ​
2025 |  | $ | 645,140 | ​
2026 | ​ |  | 121,549 | ​
2027 | ​ |  | 70,920 | ​
2028 | ​ |  | 104,268 | ​
2029 | ​ |  | 6,240 | ​
Thereafter | ​ |  | 4,813 | ​
​ | ​ | $ | 952,930 | ​
​

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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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