Deposits (Tables)

6 Months Ended

Jun. 30, 2023

Deposits [Abstract]

Summary of deposit liabilities

(dollars in thousands)	June 30, 2023			December 31, 2022
Non-Interest-bearing deposits:	$	466,628	30%	$	506,613	32%
Interest-bearing deposits:
Demand		393,234	25%		327,685	21%
Money Market		297,312	19%		365,192	23%
Savings deposits		215,649	13%		250,720	16%
Time deposits- retail		146,055	9%		120,523	8%
Time deposits- brokered		61,081	4%		—	0%
Total Deposits	$	1,579,959	100%	$	1,570,733	100%

The following table summarizes the percentage of deposits that are insured by deposit insurance or otherwise fully collateralized by securities compared to uninsured deposits as of June 30, 2023 and December 31, 2022.

	June 30, 2023			December 31, 2022
(dollars in thousands)		Balance	Percent		Balance	Percent
Insured/collateralized deposits	$	1,350,060	85%	$	1,118,190	71%
Uninsured deposits		229,899	15%		452,543	29%
	$	1,579,959	100%	$	1,570,733	100%

The following table summarizes the percentage of deposit balances from retail customers compared to business customers as June 30, 2023 and December 31, 2022.

	June 30, 2023			December 31, 2022
(dollars in thousands)		Balance	Percent		Balance	Percent
Retail deposits	$	798,737	51%	$	855,014	54%
Business deposits		781,222	49%		715,719	46%
	$	1,579,959	100%	$	1,570,733	100%