Deposits

12 Months Ended

Dec. 31, 2023

The following table lists the composition of the deposit portfolio as of the end of the respective years.


($ in thousands)	December 31, 2023		December 31, 2022
Noninterest-bearing checking accounts	$	3,379,876	3,566,003
Interest-bearing checking accounts	1,411,142		1,514,166
Money market accounts	3,653,506		2,416,146
Savings accounts	608,380		728,641
Other time deposits	610,887		464,343
Time deposits >$250,000	355,209		276,319
Total customer deposits	10,019,000		8,965,618
Brokered Deposits - time deposits	12,599		261,911
Total deposits	$	10,031,599	9,227,529

At December 31, 2023, the scheduled maturities of time deposits were as follows:


($ in thousands)
2024	$	901,211
2025	41,579
2026	21,160
2027	9,175
2028	4,727
Thereafter	843
	$	978,695

Deposits received from executive officers and directors and their associates totaled approximately $4.6 million and $2.0 million at December 31, 2023 and 2022, respectively.

Deposit overdrafts of approximately $1.1 million and $0.8 million at December 31, 2023 and 2022 are included within "Loans" on the consolidated balance sheets.

As of December 31, 2023 and 2022, the Company held $355.2 million and $276.3 million, respectively, in time deposits of more than $250,000 (which was the FDIC insurance limit for insured deposits as of December 31, 2023). Brokered deposits were $12.6 million and $261.9 million at December 31, 2023 and 2022, respectively. Total reciprocal deposits through the Certificate of Deposit Account Registry Services ("CDARS") and Insured Cash Sweep ("ICS") were $26.6 million and $10.3 million at December 31, 2023 and 2022, respectively.

As of December 31, 2023, the estimated insured deposits totaled $6.3 billion or 63.3% of total deposits, while approximately $3.7 billion of the Company's total deposits were uninsured deposits. In addition to insured deposits, there were deposits with a balance totaling $820.9 million at December 31, 2023 which were collateralized by investment securities such that approximately 71.5% of our total deposits were insured or collateralized at that date.

The Company’s deposit portfolio is not concentrated in deposits to any single customer or to a relatively small number of customers. Additionally, management is not aware of any concentrations of deposits to classes of customers or industries that would be similarly affected by economic conditions. The following table presents the counties with the largest share of our deposit base as of December 31, 2023 and 2022. No other market area (as defined by county) comprises more than 5% of our deposit base at the dates presented.


	Percentage of Total Deposits
	2023		2022
Moore County, North Carolina	10.8	%	10.9	%
Buncombe County, North Carolina	7.2	%	8.3	%
Guilford County, North Carolina	5.0	%	6.0	%