Annual report pursuant to Section 13 and 15(d)

Deposits (Tables)

v3.22.4
Deposits (Tables)
12 Months Ended
Dec. 31, 2022
Deposits [Abstract]  
Scheduled Maturities of Time Deposits

At December 31, 2022, the scheduled maturities of time deposits were as follows:

 

Year Ending December 31,

 

Time
Deposits of
$250,000
or More

 

 

Other Time
Deposits

 

 

Total

 

 

 

(in thousands)

 

2023

 

$

696,470

 

 

$

1,185,020

 

 

$

1,881,490

 

2024

 

 

 

 

 

68,037

 

 

 

68,037

 

2025

 

 

266

 

 

 

3,151

 

 

 

3,417

 

2026

 

 

263

 

 

 

2,430

 

 

 

2,693

 

2027 & thereafter

 

 

 

 

 

570

 

 

 

570

 

Total

 

$

696,999

 

 

$

1,259,208

 

 

$

1,956,207

 

Summary of Interest Expense on Deposits

A summary of interest expense on deposits was as follows for the periods indicated:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Demand: interest-bearing

 

$

100

 

 

$

61

 

 

$

70

 

Money market and savings

 

 

12,753

 

 

 

5,199

 

 

 

11,016

 

Time deposits of $250,000 or more

 

 

4,457

 

 

 

726

 

 

 

3,521

 

Other time deposits

 

 

8,628

 

 

 

5,669

 

 

 

19,387

 

Total interest expense on deposits

 

$

25,938

 

 

$

11,655

 

 

$

33,994