Deposits (Tables)

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Summary of Deposits

As of December 31, 2023 and 2022, deposits consisted of the following (in thousands):

	2023		2022
Demand deposits:
Non-interest bearing	$	1,398,234	$	1,256,514
Interest-bearing		1,837,296		1,389,283
Savings		710,586		636,699
Money market		1,129,950		1,267,726
Time deposits		1,047,593		706,779
Total deposits	$	6,123,659	$	5,257,001

Summary of Interest Expense on Deposits

Total interest expense on deposits for the years ended December 31, 2023, 2022, and 2021 was as follows (in thousands):

	2023		2022		2021
Interest-bearing demand	$	21,347	$	4,315	$	1,547
Savings		739		570		487
Money market		26,592		9,394		2,711
Time deposits		28,616		4,534		4,292
Total	$	77,294	$	18,813	$	9,037

Summary of Aggregate Amount of Time Deposits more than 100,000

As of December 31, 2023, 2022, and 2021, the aggregate amount of time deposits in denominations of more than $250,000 was as follows (in thousands):

	2023		2022		2021
Time deposit balances in denominations of more than $250,000	$	282,028	$	138,056	$	117,887

Summary of Maturities for All Time Deposits

The following table shows the amount of maturities for all time deposits as of December 31, 2023 (in thousands):

Less than 1 year	$	872,385
1 year to 2 years		93,316
2 years to 3 years		24,669
3 years to 4 years		46,962
4 years to 5 years		9,916
Over 5 years		345
Total	$	1,047,593