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Note 8 - Deposits
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

NOTE 8 - DEPOSITS

 

At December 31, 2023, the scheduled maturities of time deposits are as follows:

 

(dollars in thousands)

 December 31, 2023 

One year

 $1,994,517 

Two to three years

  6,689 

Over three years

  1,204 

Total

 $2,002,410 

 

Time deposits include deposits acquired through both retail and wholesale channels. Wholesale funding includes brokered deposits, collateralized deposits from the State of California, and deposits acquired through internet listing services totaled $405.6 million at December 31, 2023. Retail deposits include time deposits. Brokered time deposits were $254.9 million at December 31, 2023 and $255.0 million at December 31, 2022. Collateralized deposits from the State of California totaled $80.0 million at December 31, 2023 and none at December 31, 2022. Time deposits acquired through internet listing services totaled $61.4 million at December 31, 2023 and $10.7 million at  December 31, 2022.

 

In addition, we offer retail deposit products where customers are able to achieve FDIC insurance for balances on deposit in excess of the $250,000 FDIC limit through the Certificate of Deposit Account Registry Service (“CDARS”) and Insured Cash Sweeps (“ICS”) programs. Time deposits held through the CDARS program were $135.7 million at December 31, 2023 and $17.7 million at December 31, 2022.