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Deposits
3 Months Ended
Mar. 31, 2023
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]  
Deposits
5.
Deposits

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

(Dollars in thousands)

 

March 31, 2023

 

 

December 31, 2022

 

Transaction accounts:

 

 

 

 

 

 

Noninterest bearing demand accounts

 

$

516,909

 

 

$

486,114

 

Interest bearing demand accounts

 

 

2,530,348

 

 

 

2,498,325

 

Savings

 

 

36,202

 

 

 

35,677

 

Total transaction accounts

 

 

3,083,459

 

 

 

3,020,116

 

Time deposits

 

 

239,074

 

 

 

216,030

 

Total deposits

 

$

3,322,533

 

 

$

3,236,146

 

The aggregate amount of time deposits in denominations of $250,000 or more totaled approximately $151.2 million and $135.5 million as of March 31, 2023 and December 31, 2022, respectively.

Scheduled maturities of time deposits at March 31, 2023 are as follows:

(Dollars in thousands)

 

 

 

2023 (nine months remaining)

 

$

140,028

 

2024

 

 

87,753

 

2025

 

 

8,313

 

2026

 

 

1,678

 

2027

 

 

935

 

2028 and thereafter

 

 

367

 

 

 

$

239,074

 

At March 31, 2023 and December 31, 2022, the aggregate amount of demand deposit overdrafts that were reclassified as loans was approximately $85,000 and $31,000, respectively.

Deposits received from related parties at March 31, 2023 and December 31, 2022, totaled approximately $17.0 million and $16.0 million, respectively.