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Deposits
9 Months Ended
Sep. 30, 2024
Deposits [Abstract]  
Deposits
6.
DEPOSITS

Deposit accounts are summarized as follows:

 

 

September 30,
2024

 

 

December 31,
2023

 

(Dollars in Thousands)

 

Amount

 

 

%

 

 

Amount

 

 

%

 

Demand, noninterest-bearing

 

$

658,473

 

 

 

27.76

%

 

$

624,780

 

 

 

28.42

%

Demand, interest-bearing

 

 

534,228

 

 

 

22.51

 

 

 

425,551

 

 

 

19.35

 

Money market and savings

 

 

569,996

 

 

 

24.02

 

 

 

554,204

 

 

 

25.20

 

Time deposits, $250 and over

 

 

160,592

 

 

 

6.77

 

 

 

128,334

 

 

 

5.84

 

Time deposits, other

 

 

374,363

 

 

 

15.78

 

 

 

346,519

 

 

 

15.76

 

Brokered time deposits

 

 

75,000

 

 

 

3.16

 

 

 

119,411

 

 

 

5.43

 

 

 

$

2,372,652

 

 

 

100.0

%

 

$

2,198,799

 

 

 

100.0

%

 

The above table does not include deposits that are held for sale related to the New Jersey branch sale.

 

The brokered deposits outstanding at September 30, 2024 matured in October 2024.