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Deposits

6 Months Ended

Jun. 30, 2024

Deposits [Abstract]

Deposits

Note 6 – Deposits

The following table presents the components of deposits as of the periods shown:

(Dollars in thousands)						June 30, 2024						December 31, 2023
Demand deposits of individuals, partnerships and corporations
Noninterest-bearing demand						$	983,809					$	1,197,272
NOW						478,555						538,444
Savings and money markets						642,699						571,299
Time deposits, including CDs and IRAs						777,789						594,461
Total deposits						$	2,882,852					$	2,901,476
Time deposits that meet or exceed the FDIC insurance limit						$	2,943					$	3,150

The following table presents the maturities of time deposits for the twelve month periods ended June 30:

(Dollars in thousands)
2025						$	418,759
2026						95,699
2027						130,850
2028						51,420
2029						80,938
Thereafter						122
Total						$	777,789

As of June 30, 2024 and December 31, 2023, overdrawn deposit accounts totaling $3.2 million and $3.8 million were reclassified as loan balances.

X

- 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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X

- References

No definition available.

+ Details

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