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DEPOSITS
6 Months Ended
Jun. 30, 2023
Deposits [Abstract]  
DEPOSITS

5. DEPOSITS

Certificates of deposit that met or exceeded $250,000 totaled $87.9 million and $91.1 million at June 30, 2023 and December 31, 2022, respectively. These totals exclude brokered certificates of deposit.

The following table sets forth the details of total deposits as of June 30, 2023 and December 31, 2022:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing demand deposits

 

$

1,024,105

 

 

 

19.70

%

 

$

1,246,066

 

 

 

23.94

%

Interest-bearing checking (A)

 

 

2,816,913

 

 

 

54.19

 

 

 

2,143,611

 

 

 

41.18

 

Savings

 

 

120,082

 

 

 

2.31

 

 

 

157,338

 

 

 

3.02

 

Money market

 

 

763,026

 

 

 

14.68

 

 

 

1,228,234

 

 

 

23.60

 

Certificates of deposit - retail

 

 

384,106

 

 

 

7.39

 

 

 

318,573

 

 

 

6.12

 

Certificates of deposit - listing service

 

 

10,822

 

 

 

0.21

 

 

 

25,358

 

 

 

0.49

 

Subtotal deposits

 

 

5,119,054

 

 

 

98.48

 

 

 

5,119,180

 

 

 

98.35

 

Interest-bearing demand - Brokered

 

 

10,000

 

 

 

0.19

 

 

 

60,000

 

 

 

1.15

 

Certificates of deposit - Brokered

 

 

69,443

 

 

 

1.33

 

 

 

25,984

 

 

 

0.50

 

Total deposits

 

$

5,198,497

 

 

 

100.00

%

 

$

5,205,164

 

 

 

100.00

%

(A)
Interest-bearing checking includes $895.3 million at June 30, 2023 and $620.1 million at December 31, 2022 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.

 

The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of June 30, 2023, are as follows:

(In thousands)

 

 

 

2023

 

$

178,462

 

2024

 

 

240,065

 

2025

 

 

38,917

 

2026

 

 

4,240

 

2027

 

 

2,564

 

2028 and later

 

 

123

 

Total

 

$

464,371