XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.3
Deposits (Tables)
9 Months Ended
Sep. 30, 2023
Banking And Thrifts [Abstract]  
Summarized Deposits

Deposits at September 30, 2023 and December 31, 2022 are summarized as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Demand

 

$

265,862

 

 

$

289,149

 

Interest-bearing deposits:

 

 

 

 

 

 

NOW/IOLA accounts

 

 

22,519

 

 

 

24,349

 

Money market accounts (1)

 

 

370,500

 

 

 

236,143

 

Reciprocal deposits

 

 

82,670

 

 

 

114,049

 

Savings accounts

 

 

117,870

 

 

 

130,432

 

Total NOW, money market, reciprocal and savings

 

 

593,559

 

 

 

504,973

 

Certificates of deposit of $250K or more (1)

 

 

122,353

 

 

 

106,336

 

Brokered certificates of deposits (2)

 

 

98,729

 

 

 

98,754

 

Listing service deposits (2)

 

 

15,180

 

 

 

35,813

 

Certificates of deposit less than $250K (1)

 

 

305,449

 

 

 

217,387

 

Total certificates of deposit

 

 

541,711

 

 

 

458,290

 

Total interest-bearing deposits

 

 

1,135,270

 

 

 

963,263

 

Total deposits

 

$

1,401,132

 

 

$

1,252,412

 

(1)
As of December 31, 2022, $81.7 million of SaveBetter deposits were reclassified from money market accounts to certificates of deposits. $36.2 million were reclassified to Certificates of deposits of $250K or more and $45.5 million were reclassified to certificates of deposit less than $250K.
(2)
As of September 30, 2023 and December 31, 2022, there were $0.3 million and $13.6 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000.
Scheduled Maturities of Certificates of Deposit

At September 30, 2023 scheduled maturities of certificates of deposit were as follows:

 

 

 

(in thousands)

 

2023

 

$

203,736

 

2024

 

 

194,609

 

2025

 

 

51,183

 

2026

 

 

42,372

 

2027

 

 

48,257

 

Thereafter

 

 

1,554

 

 

$

541,711