Deposits

6 Months Ended

Jun. 30, 2024

Deposits [Abstract]

Deposits

Deposits

The composition of consolidated deposits consisted of the following at the periods indicated:

	June 30, 2024		December 31, 2023
	(dollars in thousands; unaudited)
Demand, noninterest bearing	$	593,789	$	625,202
Interest bearing demand and money market	2,865,773		2,640,240
Savings	68,777		76,562
Total core deposits	3,528,339		3,342,004
Brokered deposits	1		1
Time deposits less than $250,000	11,306		13,917
Time deposits $250,000 and over	3,786		4,441
Total deposits	$	3,543,432	$	3,360,363

The following table presents the maturity distribution of time deposits as of June 30, 2024:

(dollars in thousands; unaudited)	As of June 30, 2024
Twelve months	$	10,959
One to two years	2,799
Two to three years	447
Three to four years	718
Four to five years	169
Thereafter	—
	$	15,092

Included in total deposits is $352.3 million in IntraFi network reciprocal interest bearing demand and money market sweep accounts as of June 30, 2024, which provides our customers with fully insured deposits through a sweep and exchange of deposits with other financial institutions.