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Deposits
 12 Months Ended
Dec. 31, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]  
Deposits DepositsThe following table provides information regarding the Bank’s deposit composition at December 31, 2022 and 2021 as well as the average rate being paid on interest bearing deposits for the month of December 2022 and 2021.
December 31,
(dollars in thousands)20222021
Noninterest bearing demand$3,150,751 $3,277,956 
Interest bearing transaction1,138,235 777,255 
Savings and money market3,640,697 5,197,247 
Time deposits783,499 729,082 
Total$8,713,182 $9,981,540 
The remaining maturity of time deposits at December 31, 2022 and 2021 are as follows:
(dollars in thousands)
2022
2021
2022$— $478,057 
2023463,393 168,279 
2024152,898 58,908 
2025157,320 18,454 
20262,628 2,254 
20274,130 — 
Thereafter3,130 3,130 
   Total$783,499 $729,082 
(dollars in thousands)20222021
Three months or less$159,820 $97,937 
More than three months through six months99,044 171,508 
More than six months through twelve months204,529 208,612 
Over twelve months320,106 251,025 
   Total$783,499 $729,082 
Interest expense on deposits for the years ended December 31, 2022, 2021 and 2020 is as follows:
(dollars in thousands)202220212020
Interest bearing transaction$6,721 $1,609 $3,190 
Savings and money market65,777 15,000 26,272 
Time deposits10,763 11,163 24,104 
Total$83,261 $27,772 $53,566 
Related Party deposits totaled $31.8 million and $71.1 million at December 31, 2022 and 2021, respectively.
Deposits in excess if the FDIC's $250 thousand relationship insurance limits were $6.1 billion and $7.5 billion at December 31, 2022 and 2021, respectively. As of December 31, 2022 and 2021, time deposit accounts in excess of $250 thousand are as follows:
Time deposits $250,000 or more
(dollars in thousands)20222021
Three months or less$87,959 $16,663 
More than three months through six months51,746 56,619 
More than six months through twelve months108,877 48,271 
Over twelve months269,200 30,907 
Total$517,782 $152,460 
At December 31, 2022, total deposits included $2.3 billion of brokered deposits (excluding the CDARS and ICS two-way), which represented 26% of total deposits. At December 31, 2021, total brokered deposits (excluding the CDARS and ICS two-way) were $2.6 billion, or 27% of total deposits.