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Deposits

12 Months Ended

Dec. 31, 2022

Note 8. Deposits

The aggregate amount of time deposits in denominations of $250,000 or more was $147.2 million and $160.0 million at December 31, 2022 and 2021, respectively. At December 31, 2022, the scheduled maturities of time deposits are as follows (in thousands):


2023	$	317,743
2024		101,389
2025		20,961
2026		8,919
2027		6,236
Thereafter		11
Total	$	455,259

As of December 31, 2022, and 2021, there was a fair value adjustment of $239 thousand and $707 thousand, respectively, to time deposits as a result of business combinations.

From time to time, the Company engages in deposit transactions with its directors, executive officers and their related interests (collectively referred to as "related parties"). Such deposits are made in the ordinary course of business and on substantially the same terms as those for comparable transactions prevailing at the time and do not present other unfavorable features. The total amount of related party deposits was $23.2 million and $25.4 million at December 31, 2022 and 2021, respectively.