DEPOSITS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEPOSITS | Note 9—DEPOSITS The Company’s total deposits are comprised of the following at the dates indicated:
At December 31, 2022, the scheduled maturities of time deposits are as follows:
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. |