Deposits

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Deposits

(6) Deposits

Interest expense on deposits was as follows:

(dollars in thousands)	For the year ended December 31,
	2023		2022		2021
Interest bearing checking accounts	$	382	$	190	$	178
Savings accounts		2,531		920		624
Time deposits and money market accounts		50,439		4,617		5,863
Total	$	53,352	$	5,727	$	6,665

At December 31, 2023, the maturity of total time deposits is as follows:

(dollars in thousands)
Under 1 year	$	1,715,122
1 to 2 years		26,971
2 to 3 years		1,122
3 to 4 years		91,716
4 to 5 years		1,061
Over 5 years		32
	$	1,836,024

Included in total time deposits as of December 31, 2023 and 2022 is $ 474.4 million and $250.0 million in time deposits with balances in excess of $250,000.