Deposits

3 Months Ended

Mar. 31, 2024

Deposits [Abstract]

Deposits

Deposits

Deposits consisted of the following as of March 31, 2024 and December 31, 2023:

(Dollars in thousands)	March 31, 2024		% of Total Deposits		December 31, 2023		% of Total Deposits
Noninterest-bearing demand deposits	$	807,861	18.4	%	$	801,312	18.4	%
Interest-bearing demand deposits	923,120		21.1	%	947,372		21.8	%
Money market	874,833		20.0	%	850,674		19.6	%
Savings	284,893		6.5	%	288,404		6.6	%
Total demand and savings	2,890,707		66.0	%	2,887,762		66.4	%
Time	1,488,398		34.0	%	1,458,450		33.6	%
Total deposits	$	4,379,105	100.0	%	$	4,346,212	100.0	%
Overdrafts	$	558	0.01	%	$	315	0.01	%

The scheduled maturities of time deposits at March 31, 2024 were as follows:

	Time Deposits
(In thousands)	Less than $250,000		$250,000 or more
Maturing in 2024	$	827,090	$	279,833
Maturing in 2025	238,921		66,846
Maturing in 2026	38,245		3,463
Maturing in 2027	17,642		1,194
Maturing in 2028	11,241		572
Maturing thereafter	3,059		292
	$	1,136,198	$	352,200

Mid Penn had $244.8 million in brokered certificates of deposits as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, Mid Penn had $91.1 million and $96.7 million of CDAR deposits, respectively.