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Deposits and Borrowings (Tables)
3 Months Ended
Mar. 31, 2023
Deposits and Borrowings  
Schedule of deposits

(Dollars in thousands)

    

March 31, 2023

    

December 31, 2022

Deposits:

 

  

 

  

Non-interest bearing demand deposits(1)

$

447,450

$

476,697

Interest-bearing demand deposits(1)

 

677,834

 

691,945

Savings deposits

 

81,150

 

95,241

Time deposits(2)

 

882,208

 

803,857

Total Deposits

$

2,088,642

$

2,067,740

Schedule of long-term debt

    

    

    

    

March 31, 2023

    

December 31, 2022

(Dollars in thousands)

Stated Interest Rates

Weighted-Average Interest Rate

Carrying Value

Carrying Value

Long-term Debt:

 

  

 

  

 

  

 

  

Subordinated debt

 

5.25

%  

5.25

%  

$

24,645

$

24,624

Total Long-term Debt

 

$

24,645

$

24,624

(1)  Overdraft demand deposits reclassified to loans totaled $5 thousand and $1 thousand at March 31, 2023 and December 31, 2022, respectively.

(2)The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $341.8 million and $318.7 million at March 31, 2023 and December 31, 2022, respectively.
Schedule of carrying amount of the time deposits by contractual maturity

(Dollars in thousands)

    

March 31, 2023

2023

$

447,168

2024

 

316,207

2025

 

77,417

2026

 

40,304

2027

 

913

Thereafter

 

199

Total

$

882,208