Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.22.4
DEPOSITS
12 Months Ended
Dec. 31, 2022
Deposits, Interest-bearing and Noninterest-bearing, Alternative [Abstract]  
DEPOSITS

7. DEPOSITS

The major types of interest-bearing deposits are as follows for the years ended December 31, (dollars in thousands):

    

2022

    

2021

Interest-bearing deposits:

 

  

 

  

NOW accounts

$

4,186,505

$

4,176,032

Money market accounts

 

3,922,536

 

4,249,858

Savings accounts

 

1,130,899

 

1,121,297

Time deposits of $250,000 and over

 

405,060

 

452,193

Other time deposits

 

1,403,438

 

1,404,364

Total interest-bearing deposits

$

11,048,438

$

11,403,744

Demand deposits

4,883,239

5,207,324

Total deposits

$

15,931,677

$

16,611,068

As of December 31, 2022, the scheduled maturities of time deposits are as follows for the years ended December 31, (dollars in thousands):

2023

    

$

1,199,381

2024

 

384,440

2025

 

167,690

2026

 

27,693

2027

 

28,085

Thereafter

 

1,209

Total scheduled maturities of time deposits

$

1,808,498

The amount of time deposits held in CDARS accounts was $15.5 million and $20.7 million as of December 31, 2022 and 2021, respectively.

The Company classifies deposit overdrafts as LHFI within the “Other Commercial” category. As of December 31, 2022 and 2021, these deposits totaled $1.9 million and $2.0 million, respectively.