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DEPOSITS | 12 Months Ended
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Dec. 31, 2022
DEPOSITS |
DEPOSITS | NOTE 9 – DEPOSITS The Company’s deposits are summarized below as of December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 |  | December 31, 2021
​ | ​ | (dollars in thousands)
Noninterest-bearing deposits | ​ | $ | 994,954 | ​ | $ | 1,087,659
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing demand | ​ | ​ | 1,139,150 | ​ | ​ | 1,105,949
Money market | ​ | ​ | 555,425 | ​ | ​ | 583,198
Savings | ​ | ​ | 634,527 | ​ | ​ | 633,171
Time | ​ | ​ | 262,968 | ​ | ​ | 328,208
Total interest-bearing deposits | ​ | ​ | 2,592,070 | ​ | ​ | 2,650,526
Total deposits | ​ | $ | 3,587,024 | ​ | $ | 3,738,185
​ There were no brokered deposits as of December 31, 2022. Money market deposits include $4.2 million of brokered deposits as of December 31, 2021. Money market deposits also include $1.7 million and $6.9 million of reciprocal transaction deposits as of December 31, 2022 and 2021, respectively. Time deposits include $1.6 million and $0.9 million of reciprocal time deposits as of December 31, 2022 and 2021, respectively. The aggregate amounts of time deposits in denominations of $250 thousand or more amounted to $27.2 million and $59.5 million as of December 31, 2022 and 2021, respectively. The aggregate amounts of time deposits in denominations of $100 thousand or more amounted to $92.6 million and $133.1 million as of December 31, 2022 and 2021, respectively. At December 31, 2022, the scheduled maturities of time deposits are as follows (dollars in thousands): ​
​ | ​ | ​ | ​
Year ended December 31, |  | ​ | ​
2023 | ​ | $ | 191,045
2024 | ​ | ​ | 44,573
2025 | ​ | ​ | 14,544
2026 | ​ | ​ | 8,822
2027 | ​ | ​ | 3,855
Thereafter | ​ | ​ | 129
Total | ​ | $ | 262,968
​ The components of interest expense on deposits for the years ended December 31 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31,
​ |  | 2022 | ​ | 2021 |  | 2020
​ | ​ | (dollars in thousands)
Interest-bearing demand | ​ | $ | 607 | ​ | $ | 518 | ​ | $ | 647
Money market | ​ | ​ | 813 | ​ | ​ | 437 | ​ | ​ | 697
Savings | ​ | ​ | 208 | ​ | ​ | 188 | ​ | ​ | 196
Time | ​ | ​ | 883 | ​ | ​ | 1,329 | ​ | ​ | 2,681
Total interest expense on deposits | ​ | $ | 2,511 | ​ | $ | 2,472 | ​ | $ | 4,221
​

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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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