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DEPOSITS | 12 Months Ended
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Dec. 31, 2021
DEPOSITS |
DEPOSITS | NOTE 10 – DEPOSITS The Company’s deposits are summarized below as December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 |  | December 31, 2020
​ | ​ | (dollars in thousands)
Noninterest-bearing deposits | ​ | $ | 1,087,659 | ​ | $ | 882,939
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing demand | ​ | ​ | 1,105,949 | ​ | ​ | 968,592
Money market | ​ | ​ | 583,198 | ​ | ​ | 462,056
Savings | ​ | ​ | 633,171 | ​ | ​ | 517,473
Time | ​ | ​ | 328,208 | ​ | ​ | 299,474
Total interest-bearing deposits | ​ | ​ | 2,650,526 | ​ | ​ | 2,247,595
Total deposits | ​ | $ | 3,738,185 | ​ | $ | 3,130,534
​ Money market deposits include $4,238,000 of brokered deposits as of December 31, 2021. Money market deposits also include $6,895,000 and $6,489,000 of reciprocal transaction deposits as of December 31, 2021 and 2020, respectively. Time deposits include $850,000 and $3,164,000 of reciprocal time deposits as of December 31, 2021 and 2020, respectively. The aggregate amounts of time deposits in denominations of $250,000 or more amounted to $59,512,000 and $26,687,000 as of December 31, 2021 and 2020, respectively. The aggregate amounts of time deposits in denominations of $100,000 or more amounted to $133,067,000 and $99,649,000 as of December 31, 2021 and 2020, respectively. At December 31, 2021, the scheduled maturities of time deposits are as follows (dollars in thousands): ​
​ | ​ | ​ | ​
Year ended December 31, |  | ​ | ​
2022 | ​ | $ | 235,100
2023 | ​ | ​ | 64,106
2024 | ​ | ​ | 13,179
2025 | ​ | ​ | 9,042
2026 | ​ | ​ | 6,562
Thereafter | ​ | ​ | 219
Total | ​ | $ | 328,208
​ The components of interest expense on deposits for the years ended December 31 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2021 | ​ | 2020 |  | 2019
​ | ​ | (dollars in thousands)
Interest-bearing demand | ​ | $ | 518 | ​ | $ | 647 | ​ | $ | 1,474
Money market | ​ | ​ | 437 | ​ | ​ | 697 | ​ | ​ | 1,837
Savings | ​ | ​ | 188 | ​ | ​ | 196 | ​ | ​ | 278
Time | ​ | ​ | 1,329 | ​ | ​ | 2,681 | ​ | ​ | 4,343
Total interest expense on deposits | ​ | $ | 2,472 | ​ | $ | 4,221 | ​ | $ | 7,932
​

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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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