Deposits (Tables)

9 Months Ended

Sep. 30, 2023

Deposits [Abstract]

Deposit Account Balances

Deposit account balances are summarized as follows (in thousands):

	September 30, 2023		December 31, 2022
Non-interest-bearing checking	$	727,605	$	852,660
Negotiable orders of withdrawal (“NOW”) and interest-bearing checking	1,150,647		1,132,290
Savings and money market	1,259,519		1,425,247
Certificates of deposit	530,742		740,022
Total deposits	$	3,668,513	$	4,150,219

Interest Expense on Deposits

Interest expense on deposit accounts is summarized for the periods indicated (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
NOW and interest-bearing checking, savings, and money market	$	8,865	$	701	$	19,194	$	1,871
Certificates of deposit	4,749		1,420		12,724		2,743
Total interest expense on deposit accounts	$	13,614	$	2,121	$	31,918	$	4,614