Cash, Due from Banks, Interest-Bearing Deposits and Federal Funds Sold

12 Months Ended

Dec. 31, 2022

Cash and Cash Equivalents [Abstract]

Cash, Due from Banks, Interest-Bearing Deposits and Federal Funds Sold

(3) CASH, DUE FROM BANKS, INTEREST-BEARING DEPOSITS AND FEDERAL FUNDS SOLD

The Company maintains accounts with the Federal Reserve Bank and various other financial institutions primarily for the purpose of holding excess liquidity and clearing cash items. It may also sell federal funds to certain of these institutions on an overnight basis. At December 31, 2022 and 2021, the Company had no significant concentrations of credit risk with other financial institutions. The Company maintained vault cash and funds on deposit with the Federal Reserve Bank, which is included in the following table:

	December 31,
	2022		2021
	(Dollars in thousands)
Vault cash and funds on deposit with the Federal Reserve Bank	$	2,942,665	$	1,907,482