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DEPOSITS (Tables)
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Schedule of Details of Total Deposits

The following table sets forth the details of total deposits as of December 31:

 

(Dollars in thousands)

 

2023

 

 

2022

 

Noninterest-bearing demand deposits

 

$

957,687

 

 

 

18.16

%

 

$

1,246,066

 

 

 

23.94

%

Interest-bearing checking (1)

 

 

2,882,193

 

 

 

54.65

 

 

 

2,143,611

 

 

 

41.18

 

Savings

 

 

111,573

 

 

 

2.12

 

 

 

157,338

 

 

 

3.02

 

Money market

 

 

740,559

 

 

 

14.04

 

 

 

1,228,234

 

 

 

23.60

 

Certificates of deposit - retail

 

 

443,791

 

 

 

8.41

 

 

 

318,573

 

 

 

6.12

 

Certificates of deposit - listing service

 

 

7,804

 

 

 

0.15

 

 

 

25,358

 

 

 

0.49

 

Subtotal deposits

 

 

5,143,607

 

 

 

97.53

 

 

 

5,119,180

 

 

 

98.35

 

Interest-bearing demand - Brokered

 

 

10,000

 

 

 

0.19

 

 

 

60,000

 

 

 

1.15

 

Certificates of deposit - Brokered

 

 

120,507

 

 

 

2.28

 

 

 

25,984

 

 

 

0.50

 

Total deposits

 

$

5,274,114

 

 

 

100.00

%

 

$

5,205,164

 

 

 

100.00

%

 

(1) Interest-bearing checking includes $990.7 million at December 31, 2023 and $620.1 million at December 31, 2022 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace programs.

Scheduled Maturities of Time Deposits

The scheduled maturities of time deposits as of December 31, 2023 are as follows:

 

(In thousands)

 

 

 

2024

 

$

501,513

 

2025

 

 

64,539

 

2026

 

 

3,964

 

2027

 

 

864

 

2028

 

 

1,222

 

Over 5 Years

 

 

 

Total

 

$

572,102