Deposits

12 Months Ended

Dec. 31, 2021

Note 7. Deposits

Deposits at December 31, 2021 and 2020 are summarized as follows:

	December 31,
	2021		2020
	(in thousands)
Demand ⁽¹⁾	$	274,956	$	189,855
Interest-bearing deposits:
NOW/IOLA accounts		35,280		39,296
Money market accounts		186,893		136,258
Reciprocal deposits		143,221		131,363
Savings accounts		134,887		125,820
Total NOW, money market, reciprocal and savings		500,281		432,737
Certificates of deposit of $250K or more		78,454		78,435
Brokered certificates of deposit ⁽²⁾		79,320		52,678
Listing service deposits ⁽²⁾		66,411		39,476
Certificates of deposit less than $250K		205,294		236,398
Total certificates of deposit		429,479		406,987
Total interest-bearing deposits		929,760		839,724
Total deposits	$	1,204,716	$	1,029,579

(1)

As of December 31, 2021 and 2020, included in demand deposits are deposits related to net PPP funding.

(2)

As of December 31, 2021 and 2020, there were $29.0 million and $27.0 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, 2021, scheduled maturities of certificates of deposit were as follows:

December 31,	(in thousands)
2022	$	255,075
2023		48,842
2024		28,899
2025		39,342
2026		53,321
Thereafter		4,000
	$	429,479

Overdrawn deposit accounts that have been reclassified to loans amounted to $179,000 and $102,000 as of December 31, 2021 and 2020, respectively.