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Deposits (Tables)
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Schedule of Major Classifications of Deposits

The following table sets forth the major classifications of deposits at December 31, 2023 and 2022 (in thousands):

 

 

December 31,

 

 

 

2023

 

 

2022

 

Demand deposits, non-interest bearing

 

$

628,415

 

 

$

672,956

 

Demand deposits, interest bearing

 

 

693,421

 

 

 

610,944

 

Money market accounts

 

 

761,164

 

 

 

664,855

 

Savings deposits

 

 

112,563

 

 

 

120,030

 

Time certificates of $250,000 or more

 

 

272,008

 

 

 

125,661

 

Other time certificates

 

 

263,084

 

 

 

319,753

 

Totals

 

$

2,730,655

 

 

$

2,514,199

 

Schedule of Maturities of Certificate of Deposit

As of December 31, 2023, the scheduled maturities of certificates of deposit are as follows for CDs less than $250 thousand and for CDs of $250 thousand or more (in thousands):

CDs Less Than $250,000

 

2024

 

$

222,730

 

2025

 

 

34,260

 

2026

 

 

2,783

 

2027

 

 

1,780

 

2028

 

 

1,531

 

Maturing after 2028

 

 

-

 

Total

 

$

263,084

 

CDs $250,000 or more

 

2024

 

$

227,239

 

2025

 

 

35,613

 

2026

 

 

6,626

 

2027

 

 

1,342

 

2028

 

 

1,188

 

Maturing after 2028

 

 

-

 

Total

 

$

272,008