Deposits

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Deposits

Deposits

Deposit account balances are summarized as follows (dollars in thousands): 

	As of December 31,
	2023				2022
	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Transaction:
Negotiable orders of withdrawal and interest-bearing checking	$	1,231,943	2.06	%	$	1,132,290	0.51	%
Non-interest bearing checking	694,903		—	%	852,660		—	%
Total transaction	1,926,846		1.32	%	1,984,950		0.29	%
Savings:
Money market	302,122		1.76	%	508,067		0.47	%
Brokered money market	50,000		5.30	%	—		—	%
Savings	925,744		1.85	%	917,180		0.14	%
Total savings	1,277,866		1.96	%	1,425,247		0.26	%
Certificates of deposit:
Under $100,000	257,691		3.93	%	525,944		3.06	%
$100,000 or more	416,032		4.28	%	214,078		1.17	%
Total certificates of deposit	673,723		4.15	%	740,022		2.51	%
Total deposits	$	3,878,435	2.02	%	$	4,150,219	0.68	%

The Company had brokered deposits (included in certificates of deposit in the table above) of $50.0 million and $390.0 million at December 31, 2023 and 2022, respectively.

Scheduled maturities of certificates of deposit are summarized as follows (in thousands): 

	December 31, 2023
2024	$	635,793
2025	16,719
2026	5,119
2027	6,628
2028	9,464
Total	$	673,723

Certificates of deposit that exceed the FDIC Insurance limit of $250,000 at December 31, 2023 and 2022 were $98.2 million and $56.8 million respectively. 

Interest expense on deposits is summarized as follows (in thousands):

	December 31,
	2023		2022		2021
Transaction	$	16,553	$	1,759	$	805
Savings and money market	13,855		1,851		2,226
Certificates of deposit	18,345		6,679		3,176
	$	48,753	$	10,289	$	6,207