Deposits

12 Months Ended

Dec. 31, 2023

Deposits

Deposits

(11) Deposits

Deposit accounts by type are summarized with their respective weighted-average interest rates as follows:

	December 31, 2023				December 31, 2022
(Dollars in thousands)	Amount		Rate		Amount		Rate
Non-interest bearing	$	66,757	—	%	$	68,095	—	%
Savings accounts		739,036	0.59			910,652	0.13
Certificates of deposit		532,433	4.11			429,687	2.67
Money market		3,595	0.10			5,372	0.10
Checking and Super NOW		294,783	0.02			302,346	0.02
Total	$	1,636,604	1.61	%	$	1,716,152	0.74	%

The maturity of certificate of deposit accounts at December 31, 2023 is as follows (dollars in thousands):

Maturing in:
Due within 1 year	$	498,140
Due after 1year through 2 years		20,142
Due after 2 years through 3 years		5,746
Due after 3 years through 4 years		3,743
Due after 4 years through 5 years		4,662
Total	$	532,433

Certificates of deposit with balances greater than or equal to $250,000 totaled $280.1 million and $257.9 million at December 31, 2023 and 2022, respectively. Deposit accounts in the Bank are insured by the FDIC, generally up to a maximum of $250,000 per account owner.

Interest expense by type of deposit is as follows:

		Year ended December 31,
(Dollars in thousands)	2023			2022
Savings	$	2,469	$	949
Certificates of deposit and money market		16,956		3,914
Checking and Super NOW		59		62
Total	$	19,484	$	4,925

At December 31, 2023 and 2022, overdrawn deposit accounts totaled $169,000 and $35,000, respectively, and have been reclassified as loans in the Consolidated Balance Sheets.

In the normal course of business, certain directors and executive officers (and their associated and affiliated parties) maintain deposit accounts with the Company totaling $4.5 million and $3.9 million at December 31, 2023 and 2022, respectively.