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DEPOSITS | 6 Months Ended
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Jun. 30, 2022
DEPOSITS |
DEPOSITS | NOTE 7 – DEPOSITS The Company’s deposits are summarized below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2022 |  | December 31, 2021
​ | ​ | (dollars in thousands)
Noninterest-bearing deposits | ​ | $ | 1,028,790 | ​ | $ | 1,087,659
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing demand | ​ | ​ | 1,162,292 | ​ | ​ | 1,105,949
Money market | ​ | ​ | 581,058 | ​ | ​ | 583,198
Savings | ​ | ​ | 654,953 | ​ | ​ | 633,171
Time | ​ | ​ | 274,893 | ​ | ​ | 328,208
Total interest-bearing deposits | ​ | ​ | 2,673,196 | ​ | ​ | 2,650,526
Total deposits | ​ | $ | 3,701,986 | ​ | $ | 3,738,185
​ Money market deposits include $4.2 million of brokered deposits as of December 31, 2021. Money market deposits also include $6.9 million and $6.9 million of reciprocal transaction deposits as of June 30, 2022 and December 31, 2021, respectively. Time deposits include $1.0 million and $0.9 million of reciprocal time deposits as of June 30, 2022, and December 31, 2021, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $25.4 million and $59.5 million as of June 30, 2022 and December 31, 2021, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $90.5 million and $133.1 million as of June 30, 2022 and December 31, 2021, respectively. The components of interest expense on deposits are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
​ |  | 2022 |  | 2021 | ​ | 2022 |  | 2021
​ | ​ | (dollars in thousands)
Interest-bearing demand | ​ | $ | 144 | ​ | $ | 127 | ​ | $ | 286 | ​ | $ | 244
Money market | ​ | ​ | 110 | ​ | ​ | 94 | ​ | ​ | 231 | ​ | ​ | 183
Savings | ​ | ​ | 52 | ​ | ​ | 46 | ​ | ​ | 102 | ​ | ​ | 87
Time | ​ | ​ | 200 | ​ | ​ | 346 | ​ | ​ | 456 | ​ | ​ | 743
Total interest expense on deposits | ​ | $ | 506 | ​ | $ | 613 | ​ | $ | 1,075 | ​ | $ | 1,257
​

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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 https://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 https://asc.fasb.org/extlink&oid=126897435&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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