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Deposits (Tables)
12 Months Ended
Dec. 31, 2021
Deposits [Abstract]  
Schedule of Major Classifications of Deposits

The following table sets forth the major classifications of deposits at December 31, 2021 and 2020 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Demand deposits, non-interest bearing

 

$

610,002

 

 

$

436,885

 

Demand deposits, interest bearing

 

 

519,547

 

 

 

377,745

 

Money market accounts

 

 

623,763

 

 

 

473,714

 

Savings deposits

 

 

117,767

 

 

 

89,914

 

Time certificates of $250,000 or more

 

 

106,271

 

 

 

96,839

 

Other time certificates

 

 

173,827

 

 

 

178,538

 

Totals

 

$

2,151,177

 

 

$

1,653,635

 

Schedule of Maturities of Certificate of Deposit

As of December 31, 2021, the scheduled maturities of certificates of deposit are as follows for certificates of deposit less than $250 thousand and for certificates of deposit (“CDs”) of $250 thousand or more (in thousands):

 

CDs Less Than $250,000

 

2022

 

$

141,951

 

2023

 

 

11,822

 

2024

 

 

7,894

 

2025

 

 

7,151

 

2026

 

 

5,009

 

Maturing after 2026

 

 

-

 

Total

 

$

173,827

 

 

CDs $250,000 or more

 

2022

 

$

87,242

 

2023

 

 

6,747

 

2024

 

 

2,328

 

2025

 

 

8,295

 

2026

 

 

1,659

 

Maturing after 2026

 

 

-

 

Total

 

$

106,271