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Deposits | 12 Months Ended
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Dec. 31, 2022
Deposits [Abstract] |
Deposits | NOTE 9 – Deposits The following is a detail of the deposit accounts:
|  | December 31, |
(dollars in thousands) |  | 2022 |  |  | 2021 |
Noninterest bearing |  | $ | 804,115 |  |  |  | 768,651 |
Interest bearing: |  |  |  |  |  |  |  |
NOW accounts |  |  | 318,030 |  |  |  | 401,788 |
Money market accounts |  |  | 1,506,418 |  |  |  | 1,201,099 |
Savings |  |  | 40,673 |  |  |  | 39,696 |
Time deposits |  |  | 464,628 |  |  |  | 152,592 |
Total deposits |  | $ | 3,133,864 |  |  |  | 2,563,826 |
At December 31, 2022 and 2021, time deposits greater than $250,000 were $374.8 million and $84.4 million, respectively. Also, at December 31, 2022, the Company had $236.2 million deposits in brokered deposits, or deposits that were obtained outside the Company’s primary market, while at December 31, 2021 the Company had no brokered deposits. Interest expense on time deposits greater than $250,000 was $3.2 million for the year ended December 31, 2022, $786,000 for the year ended December 31, 2021, and $3.5 million for the year ended December 31, 2020. At December 31, 2022 the scheduled maturities of time deposits are as follows:
(dollars in thousands) |  |  |
2023 |  | $ | 420,049 |
2024 |  |  | 39,786 |
2025 |  |  | 4,683 |
2026 |  |  | 110 |
|  | $ | 464,628 |

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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 https://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 https://asc.fasb.org/extlink&oid=126897435&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 + Details
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