Deposits

9 Months Ended

Sep. 30, 2023

Deposits [Abstract]

Deposits

Deposits

Deposits consist of the following categories as of the dates indicated:

(dollars in thousands)	September 30, 2023				December 31, 2022
	Balance		%		Balance		%
Noninterest-bearing demand	$	1,211,401	23.70	%	$	862,015	28.60	%
Interest-bearing:
Demand	1,210,051		23.70	%	694,101		23.10	%
Money market deposits	1,179,049		23.10	%	709,132		23.60	%
Savings	371,755		7.30	%	320,188		10.60	%
Certificates of deposit	1,136,488		22.20	%	424,348		14.10	%
Total interest-bearing	3,897,343		76.30	%	2,147,769		71.40	%
Total Deposits	$	5,108,744	100.00	%	$	3,009,784	100.00	%

At September 30, 2023, the scheduled contractual maturities of certificates of deposit are as follows:

(dollars in thousands)	September 30, 2023
Within one year	$	894,384
Year 2	162,135
Year 3	48,171
Year 4	15,530
Year 5	15,816
Thereafter	452
	$	1,136,488

The aggregate amount of certificates of deposit that met or exceeded the FDIC insurance limit of $250,000 at September 30, 2023 and December 31, 2022 was $311.3 million and $77.7 million, respectively.