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DEPOSITS
12 Months Ended
Dec. 31, 2022
DEPOSITS

Note 9—DEPOSITS

The Company’s total deposits are comprised of the following at the dates indicated:

   December 31,   December 31, 
(Dollars in thousands)  2022   2021 
Non-interest bearing deposits  $461,010   $444,688 
Interest bearing demand deposits and money market accounts   629,763    619,057 
Savings   161,770    143,765 
Time deposits   132,839    153,781 
Total deposits  $1,385,382   $1,361,291 

 

At December 31, 2022, the scheduled maturities of time deposits are as follows:

(Dollars in thousands)    
2023  $104,563 
2024   14,326 
2025   10,308 
2026   2,687 
2027 and after   955 
Total  $132,839 

Interest paid on time deposits of $100 thousand or more totaled $280 thousand, $538 thousand, and $993 thousand in 2022, 2021, and 2020, respectively.

Time deposits that meet or exceed the FDIC insurance limit of $250 thousand at December 31, 2022 and December 31, 2021 were $25.0 million and $27.9 million, respectively.

 

Deposits from directors and executive officers and their related interests at December 31, 2022 and 2021 amounted to approximately $24.5 million and $32.0 million, respectively.

The amount of overdrafts classified as loans at December 31, 2022 and 2021 were $162 thousand and $58 thousand, respectively.

 

Total uninsured deposits were $407.0 million and $392.2 million at December 31, 2022 and December 31, 2021, respectively. Included in uninsured deposits at December 31, 2022 and December 31, 2021 were $59.5 million and $55.2 million of collateralized public funds, respectively.