DEPOSITS |
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| Deposits, Interest-bearing and Noninterest-bearing, Alternative [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEPOSITS |
7. DEPOSITS The following table presents the deposit balances as of December 31, (dollars in thousands):
(1) Includes time deposits of $378.1 million and $7.4 million as of December 31, 2023 and 2022, respectively. The following table presents the scheduled maturities of time deposits as of December 31, 2023 (dollars in thousands):
The Company classifies deposit overdrafts as LHFI within “Other Commercial”, and these deposits totaled $2.2 million and $1.9 million at December 31, 2023 and 2022, respectively. |
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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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