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Deposits | 12 Months Ended
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Dec. 31, 2023
Deposits [Abstract] |
Deposits | NOTE 7 – Deposits The following is a detail of the deposit accounts:
Schedule of detail in deposit accounts |  |  |  |  |  |  |  |
|  | December 31, |
(dollars in thousands) |  | 2023 |  |  | 2022 |
Noninterest bearing |  | $ | 674,167 |  |  |  | 804,115 |
Interest bearing: |  |  |  |  |  |  |  |
NOW accounts |  |  | 310,218 |  |  |  | 318,030 |
Money market accounts |  |  | 1,605,278 |  |  |  | 1,506,418 |
Savings |  |  | 31,669 |  |  |  | 40,673 |
Time deposits |  |  | 758,232 |  |  |  | 464,628 |
Total deposits |  | $ | 3,379,564 |  |  |  | 3,133,864 |
At December 31, 2023 and 2022, time deposits greater than $250,000 were $568.1 million and $374.8 million, respectively. Also, at December 31, 2023, the Company had $379.4 million deposits in brokered deposits, or deposits that were obtained outside the Company’s primary market, while at December 31, 2022 the Company had $236.2 million deposits in brokered deposits. Interest expense on time deposits greater than $250,000 was $23.8 million for the year ended December 31, 2023, $3.2 million for the year ended December 31, 2022, and $786,000 for the year ended December 31, 2021. At December 31, 2023 the scheduled maturities of time deposits are as follows:
Schedule of maturities certificates of deposit |  |  |
(dollars in thousands) |  |  |
2024 |  | $ | 494,392 |
2025 |  |  | 45,190 |
2026 |  |  | 100,308 |
2027 |  |  | 60 |
2028 |  |  | 118,282 |
|  | $ | 758,232 |

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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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