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DEPOSITS | 9 Months Ended
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Sep. 30, 2021
DEPOSITS |
DEPOSITS | NOTE 7 – DEPOSITS The Company’s deposits are summarized below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021 |  | December 31, 2020
​ | ​ | (dollars in thousands)
Noninterest-bearing deposits | ​ | $ | 1,003,723 | ​ | $ | 882,939
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing demand | ​ | ​ | 1,013,678 | ​ | ​ | 968,592
Money market | ​ | ​ | 519,343 | ​ | ​ | 462,056
Savings | ​ | ​ | 611,050 | ​ | ​ | 517,473
Time | ​ | ​ | 271,762 | ​ | ​ | 299,474
Total interest-bearing deposits | ​ | ​ | 2,415,833 | ​ | ​ | 2,247,595
Total deposits | ​ | $ | 3,419,556 | ​ | $ | 3,130,534
​ Money market deposits include $6,191,000 and $6,489,000 of reciprocal transaction deposits as of September 30, 2021 and December 31, 2020, respectively. Time deposits include $850,000 and $3,164,000 of reciprocal time deposits as of September 30, 2021, and December 31, 2020, respectively. The aggregate amounts of time deposits in denominations of $250,000 or more amounted to $24,319,000 and $26,687,000 as of September 30, 2021 and December 31, 2020, respectively. The aggregate amounts of time deposits in denominations of $100,000 or more amounted to $88,243,000 and $99,649,000 as of September 30, 2021 and December 31, 2020, respectively. The components of interest expense on deposits are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | Nine Months Ended September 30,
​ |  | 2021 |  | 2020 | ​ | 2021 |  | 2020
​ | ​ | (dollars in thousands)
Interest-bearing demand | ​ | $ | 129 | ​ | $ | 123 | ​ | $ | 373 | ​ | $ | 536
Money market | ​ | ​ | 96 | ​ | ​ | 96 | ​ | ​ | 279 | ​ | ​ | 608
Savings | ​ | ​ | 48 | ​ | ​ | 37 | ​ | ​ | 135 | ​ | ​ | 157
Time | ​ | ​ | 291 | ​ | ​ | 587 | ​ | ​ | 1,034 | ​ | ​ | 2,179
Total interest expense on deposits | ​ | $ | 564 | ​ | $ | 843 | ​ | $ | 1,821 | ​ | $ | 3,480
​

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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 + Details
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