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Deposits
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Deposits

NOTE 10 – DEPOSITS

Time deposits that exceed the FDIC deposit insurance limit of $250,000 at December 31, 2023 and 2022 were $121.4 million and $105.4 million, respectively.

Scheduled maturities of time deposits for the next five years and thereafter are as follows (in thousands):

 

Maturity:

 

 

 

2024

 

$

602,881

 

2025

 

 

42,228

 

2026

 

 

2,604

 

2027

 

 

4,064

 

2028

 

 

2,434

 

Thereafter

 

 

601

 

 

 

$

654,812

 

 

Included in time deposits are brokered certificates of deposit of $200.5 million and $348.7 million as of December 31, 2023 and 2022, respectively. As of December 31, 2023 and 2022, the Company had $0.5 million and $1.0 million, respectively of deposit accounts in overdraft status that were reclassified to loans in the accompanying balance sheets.