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Deposits
12 Months Ended
Dec. 31, 2022
Deposits [Abstract]  
Deposits

9.       DEPOSITS

Time deposits that meet or exceed the FDIC Insurance limit of $250,000 at year-end 2022 and 2021 were $97.8 million and $115.2 million, respectively.

Aggregate annual maturities of time deposits were as follows (dollars in thousands):

Year Ending December 31,

2023

    

$

485,172

2024

31,222

2025

1,725

2026

416

2027

251

Thereafter

822

Total

$

519,608

Interest expense recognized on interest-bearing deposits consisted of the following (dollars in thousands):

Year Ended December 31,

    

2022

    

2021

    

2020

Interest bearing demand deposits

$

485

$

331

$

278

NOW

322

444

388

Savings

278

240

221

Money market

95

111

128

Time deposits

4,914

1,039

2,687

Brokered Deposits

725

225

246

Total

$

6,819

$

2,390

$

3,948