Deposits

12 Months Ended

Dec. 31, 2022

Banking and Thrift, Other Disclosure [Abstract]

Deposits

Deposits

Peoples’ deposit balances were comprised of the following at December 31:

(Dollars in thousands)	2022		2021
Retail CDs:
$100 or more	$	263,341	$	320,574
Less than $100	266,895		323,185
Total retail CDs	530,236		643,759
Interest-bearing deposit accounts	1,160,182		1,167,460
Savings accounts	1,068,547		1,036,738
Money market deposit accounts	617,029		651,169
Governmental deposit accounts	625,965		617,259
Brokered deposit accounts	125,580		104,745
Total interest-bearing deposits	4,127,539		4,221,130
Non-interest-bearing deposits	1,589,402		1,641,422
Total deposits	$	5,716,941	$	5,862,552

Uninsured deposits were $1.6 billion and $1.7 billion at December 31, 2022 and 2021, respectively. Uninsured amounts are estimated based on the portion of account balances that met or exceeded the FDIC limit of $250,000.

Uninsured time deposits are broken out below by time remaining until maturity.

(Dollars in thousands)	2022		2021
3 months or less	$	19,282	$	23,779
Over 3 to 6 months	14,871		26,964
Over 6 to 12 months	14,383		34,434
Over 12 months	52,216		36,115
Total	$	100,752	$	121,292

The contractual maturities of CDs for each of the next five years and thereafter are as follows:

(Dollars in thousands)	Retail		Brokered		Total
2023	$	316,073	$	125,580	$	441,653
2024	132,130		—		132,130
2025	32,838		—		32,838
2026	22,127		—		22,127
2027	26,978		—		26,978
Thereafter	90		—		90
Total CDs	$	530,236	$	125,580	$	655,816

Deposits from related parties were $8.5 million and $12.6 million at December 31, 2022 and 2021, respectively.

At December 31, 2022, Peoples had thirteen effective interest rate swaps, with an aggregate notional value of $125.0 million, of which $125.0 million were funded by brokered deposits. Brokered deposits used to fund interest rate swaps are expected to be extended every 90 days through the maturity dates of the swaps. Additional information regarding Peoples' interest rate swaps can be found in "Note 15 Derivative Financial Instruments."