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Deposits (Tables)
12 Months Ended
Dec. 31, 2022
Deposits [Abstract]  
Composition of Deposits

The composition of deposits is as follows:

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Non-interest bearing checking

 

$

92,465

 

 

$

106,664

 

Interest bearing checking

 

 

32,514

 

 

 

37,467

 

Money market

 

 

121,215

 

 

 

94,823

 

Statement savings

 

 

61,969

 

 

 

64,954

 

Certificates of deposit

 

 

79,558

 

 

 

80,593

 

Total (1)

 

$

387,721

 

 

$

384,501

 

 

(1) There were no brokered deposits at December 31, 2021 or December 31, 2022.

Interest Expense on Deposits

Interest expense on deposits is summarized as follows:

 

 

 

Years ended December 31,

 

 

 

2022

 

 

2021

 

Interest bearing checking

 

$

76

 

 

$

36

 

Money market

 

 

565

 

 

 

261

 

Statement savings

 

 

33

 

 

 

35

 

Certificates of deposit

 

 

442

 

 

 

452

 

Total

 

$

1,116

 

 

$

784

 

Scheduled Maturities of Certificates of Deposit

The scheduled maturities of certificates of deposit are as follows:

 

2023

 

$

54,957

 

2024

 

 

8,318

 

2025

 

 

10,197

 

2026

 

 

5,782

 

2027

 

 

304

 

Total

 

$

79,558