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Deposits (Tables)
3 Months Ended
Mar. 31, 2023
Deposits [Abstract]  
Composition of Deposits

The composition of deposits is summarized below:

 

 

March 31,
2023

 

 

December 31, 2022

 

 

(in thousands)

 

Non-interest bearing checking

 

$

84,613

 

 

$

92,465

 

Interest bearing checking

 

 

31,978

 

 

 

32,514

 

Money market

 

 

112,161

 

 

 

121,215

 

Statement savings

 

 

55,567

 

 

 

61,969

 

Certificates of deposit

 

 

87,647

 

 

 

79,558

 

Total

 

$

371,966

 

 

$

387,721

 

Scheduled Maturities of Certificates of Deposit

As of March 31, 2023, the scheduled maturities of certificates of deposit for the annual periods are presented below:

 

 

(in thousands)

 

2023

 

$

38,754

 

2024

 

 

28,156

 

2025

 

 

9,304

 

2026

 

 

11,091

 

2027

 

 

280

 

Thereafter

 

 

62

 

Total

 

$

87,647