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Deposits
6 Months Ended
Jun. 30, 2022
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]  
Deposits
5.
Deposits

Deposits in the accompanying consolidated balance sheets consisted of the following:

 

 

June 30,

 

 

December 31,

 

(Dollars in thousands)

 

2022

 

 

2021

 

Transaction accounts:

 

 

 

 

 

 

Noninterest bearing demand accounts

 

$

519,614

 

 

$

531,401

 

Interest bearing demand accounts

 

 

2,107,779

 

 

 

1,298,546

 

Savings

 

 

38,472

 

 

 

33,539

 

Total transaction accounts

 

 

2,665,865

 

 

 

1,863,486

 

Time deposits

 

 

232,399

 

 

 

277,713

 

Total deposits

 

$

2,898,264

 

 

$

2,141,199

 

The aggregate amount of time deposits in denominations of $250,000 or more totaled approximately $113.7 million and $113.2 million as of June 30, 2022 and December 31, 2021, respectively.

Scheduled maturities of time deposits at June 30, 2022 are as follows:

(Dollars in thousands)

 

 

 

2022 (six months remaining)

 

$

138,524

 

2023

 

 

87,179

 

2024

 

 

2,841

 

2025

 

 

1,622

 

2026

 

 

1,550

 

2027 and thereafter

 

 

683

 

 

 

$

232,399

 

At June 30, 2022 and December 31, 2021, the aggregate amount of demand deposit overdrafts that were reclassified as loans was $60,000 and $28,000, respectively.

Deposits received from related parties at June 30, 2022 and December 31, 2021, totaled approximately $16.8 million and $19.0 million, respectively.