Deposits

9 Months Ended

Sep. 30, 2023

Deposits [Abstract]

Deposits

Deposits

The following table presents a summary of deposits:

(Dollars in thousands)	September 30, 2023	December 31, 2022
Noninterest-bearing:
Demand deposits	$773,261	$858,953
Interest-bearing:
Interest-bearing demand deposits (1)	490,217	333,197
NOW accounts	745,778	871,875
Money market accounts	1,111,797	1,255,805
Savings accounts	514,526	576,250
Time deposits (2)	1,779,984	1,122,882
Total interest-bearing deposits	4,642,302	4,160,009
Total deposits	$5,415,563	$5,018,962

(1)Includes wholesale brokered demand deposit balances of $0 and $31,153, respectively, as of September 30, 2023 and December 31, 2022.

(2)Includes wholesale brokered time deposit balances of $668,042 and $327,044, respectively, as of September 30, 2023 and December 31, 2022.

The following table presents scheduled maturities of time certificates of deposit:

(Dollars in thousands)	Scheduled Maturity	Weighted Average Rate
October 1, 2023 to December 31, 2023	$1,198,713	4.51	%
2024	430,047	4.08
2025	73,281	2.68
2026	32,102	2.68
2027	42,803	3.54
2028 and thereafter	3,038	2.97
Balance at September 30, 2023	$1,779,984	4.27	%

Time certificates of deposit in denominations of $250 thousand or more totaled $292.1 million and $200.9 million, respectively, at September 30, 2023 and December 31, 2022.