Deposits

12 Months Ended

Dec. 31, 2023

Maturities of Time Deposits [Abstract]

Deposits

DEPOSITS

Following is a summary of certificates of deposit maturities at December 31, 2023:

($ in thousands)	Brokered		Customer		Total
Less than 1 year	$	387,609	$	714,213	$	1,101,822
Greater than 1 year and less than 2 years	95,150		61,365		156,515
Greater than 2 years and less than 3 years	—		6,073		6,073
Greater than 3 years and less than 4 years	—		2,946		2,946
Greater than 4 years and less than 5 years	—		1,291		1,291
Greater than 5 years	—		4,267		4,267
	$	482,759	$	790,155	$	1,272,914

Certificates of deposit balances over the FDIC insurance limit of $250,000 were $234.6 million as of December 31, 2023.

At December 31, 2023, deposit accounts of executive officers and directors, or to entities in which such individuals had beneficial interests as a shareholder, officer, or director totaled $2.6 million.

The Company is a participant in certain networks that offer deposit placement services on a reciprocal basis that qualify large deposits for FDIC insurance. The Company had $91.7 million and $10.6 million of certificates of deposits, and $1.1 billion and $195.1 million of demand deposits in these reciprocal accounts at December 31, 2023 and 2022, respectively.

At December 31, 2023 and 2022, overdraft deposits of $1.6 million and $3.2 million, respectively, were reclassified to loans.