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Deposits
 12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
DEPOSITS DEPOSITS
Deposits consist of the following categories as of the dates indicated:
(dollars in thousands)December 31, 2023December 31, 2022
Balance%Balance%
Noninterest-bearing demand$1,258,037 23.36 %$862,015 28.64 %
Interest-bearing:
Demand1,165,546 21.64 694,101 23.06 
Money market deposits1,430,603 26.56 709,132 23.56 
Savings347,324 6.45 320,188 10.64 
Certificates of deposit1,184,610 21.99 424,348 14.10 
Total interest-bearing4,128,083 76.64 %2,147,769 71.36 %
Total Deposits$5,386,120 100.00 %$3,009,784 100.00 %
As of December 31, 2023 and 2022, deposits, both direct and indirect, from executive officers and directors, their associates and policy-making officers, totaled approximately $35.6 million and $11.9 million, respectively.
The following table provides information on the approximate maturities of total time deposits at December 31, 2023 and December 31, 2022.
(dollars in thousands)December 31, 2023December 31, 2022
Within one year$1,042,343 $230,715 
Year 278,585 138,356 
Year 336,469 23,860 
Year 412,081 17,327 
Year 514,955 14,051 
Thereafter177 39 
Total$1,184,610 $424,348 
The approximate amount of certificates of deposit of $250,000 or more was $354.6 million and $77.7 million at December 31, 2023 and 2022, respectively.