Composition of Liabilities |
The following table lists the composition of the deposit portfolio as of the end of the respective years. | | | | | | | | | | | | | | | ($ in thousands) | | December 31, 2023 | | December 31, 2022 | Noninterest-bearing checking accounts | | $ | 3,379,876 | | | 3,566,003 | | Interest-bearing checking accounts | | 1,411,142 | | | 1,514,166 | | Money market accounts | | 3,653,506 | | | 2,416,146 | | Savings accounts | | 608,380 | | | 728,641 | | Other time deposits | | 610,887 | | | 464,343 | | Time deposits >$250,000 | | 355,209 | | | 276,319 | | Total customer deposits | | 10,019,000 | | | 8,965,618 | | Brokered Deposits - time deposits | | 12,599 | | | 261,911 | | Total deposits | | $ | 10,031,599 | | | 9,227,529 | |
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Schedule of Maturities of Time Deposits |
At December 31, 2023, the scheduled maturities of time deposits were as follows: | | | | | | | | | ($ in thousands) | | | 2024 | | $ | 901,211 | | 2025 | | 41,579 | | 2026 | | 21,160 | | 2027 | | 9,175 | | 2028 | | 4,727 | | Thereafter | | 843 | | | | $ | 978,695 | |
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Schedules of Concentration of Risk of Deposits |
No other market (as defined by county) had total loans outstanding in excess of 5% of the total portfolio at year end. | | | | | | | | | | | | | | | | | Percentage of Loans Outstanding | | | 2023 | | 2022 | Wake County, North Carolina | | 10.1 | % | | 11.6 | % | New Hanover County, North Carolina | | 8.1 | % | | 9.1 | % | Mecklenburg County, North Carolina | | 7.6 | % | | 7.9 | % | Buncombe County, North Carolina | | 5.3 | % | | 6.1 | % | Guilford County, North Carolina | | 5.0 | % | | 5.0 | % | No other market area (as defined by county) comprises more than 5% of our deposit base at the dates presented. | | | | | | | | | | | | | | | | | Percentage of Total Deposits | | | 2023 | | 2022 | Moore County, North Carolina | | 10.8 | % | | 10.9 | % | Buncombe County, North Carolina | | 7.2 | % | | 8.3 | % | Guilford County, North Carolina | | 5.0 | % | | 6.0 | % |
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