Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

(6) Deposits

Interest expense on deposits was as follows:

(dollars in thousands)	For the year ended December 31,
	2024		2023		2022
Interest bearing checking accounts	$	1,236	$	382	$	190
Savings accounts		2,876		2,531		920
Time deposits and money market accounts		86,474		50,439		4,617
Total	$	90,586	$	53,352	$	5,727

At December 31, 2024, the maturity of total time deposits is as follows:

(dollars in thousands)
Under 1 year	$	1,943,813
1 to 2 years		10,226
2 to 3 years		94,237
3 to 4 years		963
4 to 5 years		472
Over 5 years		48
	$	2,049,759

Included in total time deposits as of December 31, 2024 and 2023 is $561.3 million and $474.4 million in time deposits with balances in excess of $250,000.