Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Interest-Bearing Deposits

NOTE 8 - INTEREST-BEARING DEPOSITS

Interest-bearing deposits as of December 31, 2021 and 2020 were as follows:

	2021		2020
Demand	$	537,510	$	410,139
Savings and Money markets		843,837		771,612
Certificates of Deposit:
$250 and over		55,011		70,989
Other		149,521		169,453
Individual Retirement Accounts		41,916		46,396
Total	$	1,627,795	$	1,468,589

Scheduled maturities of certificates of deposit, including IRAs at December 31, 2021 were as follows:

2022	$	173,834
2023		45,195
2024		18,810
2025		3,829
2026		3,596
Thereafter		1,184
Total	$	246,448

Deposits from the Company’s principal shareholders, officers, directors, and their affiliates at year-end 2021 and 2020 were $7,690 and $12,487, respectively.

As of December 31, 2021, CDs and IRAs totaling $58,367 met or exceeded the FDIC’s insurance limit of $250,000.

As of December 31, 2021, brokered deposits totaled $26,610.