Deposits

12 Months Ended

Dec. 31, 2023

Note 8. Deposits

Deposits at December 31, 2023 and 2022 are summarized as follows:


	December 31,
	2023		2022
	(in thousands)
Demand	$	243,384	$	289,149
Interest-bearing deposits:
NOW/IOLA accounts		19,676		24,349
Money market accounts (1)		432,735		236,143
Reciprocal deposits		96,860		114,049
Savings accounts		114,139		130,432
Total NOW, money market, reciprocal and savings		663,410		504,973
Certificates of deposit of $250K or more (1)		132,153		106,336
Brokered certificates of deposits (2)		98,729		98,754
Listing service deposits (2)		14,433		35,813
Certificates of deposit less than $250K (1)		355,511		217,387
Total certificates of deposit		600,826		458,290
Total interest-bearing deposits		1,264,236		963,263
Total deposits	$	1,507,620	$	1,252,412

(1)

As of December 31, 2022, $81.7 million of Raisin deposits were reclassified from money market accounts to certificates of deposits. $36.2 million were reclassified to Certificates of deposits of $250K or more and $45.5 million were reclassified to Certificates of deposit less than $250K.

(2)

As of December 31, 2023 and 2022, there were $0.3 million and $13.6 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000.

At December 31, 2023, scheduled maturities of certificates of deposit were as follows:


December 31,
	(in thousands)
2024	$	449,470
2025		59,404
2026		41,365
2027		48,378
2028		2,209
	$	600,826

Overdrawn deposit accounts that have been reclassified to loans amounted to $0.1 million both as of December 31, 2023 and 2022.