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DEPOSITS

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

DEPOSITS

10. DEPOSITS

The Company had $706.7 million and $898.9 million of total time deposits as of December 31, 2021 and 2020, respectively. Contractual maturities of total time deposits as of December 31, 2021 were as follows:

(Dollars in thousands)
Year Ending December 31:
2022			$	601,209
2023			67,195
2024			22,651
2025			7,584
2026			7,511
Thereafter			582
Total			$	706,732

Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $488.8 million and $666.5 million at December 31, 2021 and 2020, respectively. This includes $215.0 million and $500.3 million in government time deposits at December 31, 2021 and 2020, respectively, which are collateralized.

Contractual maturities of time deposits of $250,000 or more as of December 31, 2021 were as follows:

(Dollars in thousands)
Three months or less			$	265,827
Over three months through six months			69,516
Over six months through twelve months			95,411
2023			46,591
2024			7,743
2025			1,829
2026			1,858
Thereafter			—
Total			$	488,775

At December 31, 2021 and 2020, overdrawn deposit accounts totaling $0.5 million and $0.4 million have been reclassified as loans on the consolidated balance sheets.

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- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406

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- References

No definition available.

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