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DEPOSITS | 12 Months Ended
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Dec. 31, 2022
Deposits, by Component, Alternative [Abstract] |
DEPOSITS | DEPOSITS The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $612,000 and $626,000 as of December 31, 2022 and 2021, respectively. Components of interest-bearing deposits as of December 31 are as follows:
(dollars in thousands) | 2022 |  | 2021
Interest-bearing demand | $ | 831,152 |  |  | $ | 930,811 |
Savings and money market deposits | 617,135 |  |  | 541,993 |
Time, $250,000 and over | 114,780 |  |  | 73,407 |
Other time | 358,760 |  |  | 275,821 |
Total interest-bearing deposits | $ | 1,921,827 |  |  | $ | 1,822,032 |
We had $50.8 million and $883,000 in brokered deposits at December 31, 2022 and 2021, respectively. We use brokered deposits, subject to certain limitations and requirements, as a source of funding to support our asset growth and augment the deposits generated from our branch network, which are our principal source of funding. Our level of brokered deposits varies from time to time depending on competitive interest rate conditions and other factors, and tends to increase as a percentage of total deposits when the brokered deposits are less costly than issuing internet certificates of deposit or borrowing from the FHLB. The aggregate amount of jumbo certificates of deposit, each with a minimum denomination of $250,000 was $114.8 million and $73.4 million as of December 31, 2022 and 2021, respectively. As of December 31, 2022, the scheduled maturities of certificates of deposit are as follows:
(dollars in thousands) |  |
Year Ending December 31 |  | Amount
2023 |  | $ | 322,413 |
2024 |  | 88,954 |
2025 |  | 48,840 |
2026 |  | 5,063 |
2027 |  | 7,904 |
Thereafter |  | 366 |
Total time deposits |  | $ | 473,540 |

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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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