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Deposits
6 Months Ended
Jun. 30, 2024
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract]  
Deposits
5.
Deposits

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

(Dollars in thousands)

 

June 30, 2024

 

 

December 31, 2023

 

Transaction accounts:

 

 

 

 

 

 

Noninterest bearing demand accounts

 

$

464,498

 

 

$

459,553

 

Interest bearing demand accounts

 

 

2,866,736

 

 

 

2,842,668

 

Savings

 

 

33,079

 

 

 

24,998

 

Total transaction accounts

 

 

3,364,313

 

 

 

3,327,219

 

Time deposits

 

 

491,278

 

 

 

475,929

 

Total deposits

 

$

3,855,591

 

 

$

3,803,148

 

The aggregate amount of time deposits in denominations of $250,000 or more totaled approximately $310.5 million and $315.4 million as of June 30, 2024 and December 31, 2023, respectively.

Scheduled maturities of time deposits at June 30, 2024 are as follows:

(Dollars in thousands)

 

Maturities by Year

 

2024 (six months remaining)

 

$

208,031

 

2025

 

 

245,489

 

2026

 

 

32,765

 

2027

 

 

1,388

 

2028

 

 

2,249

 

2029 and thereafter

 

 

1,356

 

 

 

$

491,278

 

 

At June 30, 2024 and December 31, 2023, the aggregate amount of demand deposit overdrafts that were reclassified as loans was approximately $119,000 and $101,000, respectively.