Deposits

12 Months Ended

Dec. 31, 2023

Deposits.

Deposits

9) Deposits

The following table presents the scheduled maturities of all time deposits for the periods indicated:

	(Dollars in thousands)
2024	$	453,017
2025		14,797
2026		1,283
2027		94
2028		—
2029		281
Total	$	469,472

Time deposits of $250,000 and over were $192,228,000 and $108,192,000 at December 31, 2023 and 2022, respectively. At December 31, 2023, ICS/CDARS deposits totaled $854,105,000 which were comprised of interest-bearing demand deposits of $424,991,000, money market deposits of $189,925,000, (which have no scheduled maturity date, and therefore, are excluded from the table above), and time deposits of $239,189,000, (which are included in the table above). At December 31, 2022, ICS/CDARS deposits totaled $30,374,000, which were comprised of interest-bearing demand deposits of $26,861,000 and money market deposits of $192,000, and time deposits of $3,321,000. The ICS/CDARS program allows customers with deposits in excess of FDIC-insured limits to obtain full coverage on time deposits through a network of banks within the ICS/CDARS program. Deposits gathered through these programs are not considered brokered deposits under current regulatory reporting guidelines.

The Bank’s uninsured deposits were approximately $2.01 billion, or 46% of total deposits, at December 31, 2023, compared to $2.79 billion, or 64% of total deposits, at December 31, 2022. There were no brokered deposits at both December 31, 2023 and 2022. Deposits from executive officers, directors, and their affiliates were $468,000 and $712,000 at December 31, 2023 and 2022, respectively.