Deposits and Borrowings (Tables)

9 Months Ended

Sep. 30, 2023

Deposits and Borrowings

Schedule of deposits

(Dollars in thousands)	September 30, 2023		December 31, 2022
Deposits:
Non-interest bearing demand deposits(1)	$	437,880	$	476,697
Interest-bearing demand deposits(1)		675,819		691,945
Savings deposits		57,408		95,241
Time deposits(2)		810,516		803,857
Total Deposits	$	1,981,623	$	2,067,740

Schedule of short-term debt and long-term debt

						September 30, 2023		December 31, 2022
(Dollars in thousands)	Stated Interest Rate		Weighted-Average Interest Rate			Carrying Value		Carrying Value
Short-term Debt:
Federal Reserve Bank borrowings	4.80	%		4.80	%	$	54,000		—
Total Short-term Debt						$	54,000		—
Long-term Debt:
Subordinated debt	5.25	%		5.25	%	$	24,687	$	24,624
Total Long-term Debt						$	24,687	$	24,624

(1)  Overdraft demand deposits reclassified to loans totaled $5 thousand at September 30, 2023 and $1 thousand at December 31, 2022, respectively.

(2) The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $358.6 million and $318.7 million at September 30, 2023 and December 31, 2022, respectively.

Schedule of carrying amount of the time deposits by contractual maturity

(Dollars in thousands)	September 30, 2023
2023	$	146,873
2024		477,572
2025		144,346
2026		40,324
2027		1,117
Thereafter		284
Total	$	810,516