Note 12 - Deposits

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 12.  DEPOSITS

The following is a summary of interest bearing deposits by type as of December 31, 2023 and 2022:

Dollars in thousands	2023		2022
Demand deposits, interest bearing	$	2,164,522	$	1,743,299
Savings deposits		450,527		496,751
Time deposits		506,523		376,213
Total	$	3,121,572	$	2,616,263

Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $32.8 million at December 31, 2023 and 2022.

A summary of the scheduled maturities for all time deposits as of December 31, 2023 is as follows:

Dollars in thousands	Amount
2024	$	404,391
2025		57,841
2026		22,335
2027		9,842
2028		7,313
Thereafter		4,801
Total	$	506,523

Time certificates of deposit in denominations of $250,000 or more totaled $138.1 million at December 31, 2023. The following is a summary of the maturity distribution of such deposits.

Dollars in thousands	Amount
Three months or less	$	35,791
Three through six months		25,165
Six through twelve months		49,596
Over twelve months		27,593
Total	$	138,145

At December 31, 2023 and 2022, our deposits of related parties including directors, executive officers and their related interests approximated $71.9 million and $59.2 million.