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Deposits (Tables)
 9 Months Ended
Sep. 30, 2024
Banking [Abstract]  
Composition of deposits
The composition of the deposits at September 30, 2024 and December 31, 2023 is summarized in the table below (in thousands):
September 30, 2024December 31, 2023
NOW accounts$344,036 $251,334 
MMA accounts879,445 497,043 
Savings deposits177,859 179,609 
Time deposits443,932 162,085 
Total interest-bearing1,845,272 1,090,071 
Non-interest bearing1,076,423 951,541 
Total deposits$2,921,695 $2,041,612 
Aggregate annual maturities of time deposits
Aggregate annual maturities of time deposits are as follows (in thousands):
Years Ending December 31,
2024$121,155 
2025227,980 
202675,698 
202714,644 
20283,972 
Thereafter483 
Total$443,932 
Interest expense recognized on interest-bearing deposits
Interest expense recognized on interest-bearing deposits consisted of the following (in thousands):
 For the Three Months
Ended September 30,		For the Nine Months
 Ended September 30,
2024202320242023
Savings$162 $70 $450 $149 
Money market6,502 2,846 15,070 6,105 
NOW accounts87 99 264 273 
Time certificates of deposit5,742 2,000 13,994 4,363 
Total$12,493 $5,015 $29,778 $10,890