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Note 7 - Deposits

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 7 – DEPOSITS

Deposits at year-end are summarized as follows:

		December 31, 2022								December 31, 2021								Percent Increase
		Balance				%				Balance				%				(Decrease)
Noninterest-bearing checking		$	1,604,750,000				43.2	%		$	1,677,952,000				41.1	%			(4.4	%)
Interest-bearing checking			575,028,000				15.5				538,838,000				13.2				6.7
Money market			776,723,000				20.9				1,040,176,000				25.5				(25.3	)
Savings			381,602,000				10.3				394,330,000				9.7				(3.2	)
Time, under $100,000			113,099,000				3.0				132,776,000				3.2				(14.8	)
Time, $100,000 and over			261,609,000				7.1				275,208,000				6.7				(4.9	)
Total local deposits			3,712,811,000				100.0				4,059,280,000				99.4				(8.5	)
Out-of-area time, $100,000 and over			0				0.0				23,913,000				0.6				(100.0	)
Total deposits		$	3,712,811,000				100.0	%		$	4,083,193,000				100.0	%			(9.1	%)

Out-of-area time deposits consist of deposits obtained from depositors outside of our primary market areas exclusively through deposit brokers.

The following table depicts the maturity distribution for time deposits at year-end:

		2022				2021
In one year or less		$	188,887,000			$	260,501,000
In one to two years			68,434,000				78,024,000
In two to three years			22,053,000				34,595,000
In three to four years			30,761,000				7,863,000
In four to five years			64,573,000				50,914,000
Total certificates of deposit		$	374,708,000			$	431,897,000

The following table depicts the maturity distribution for time deposits with balances of $100,000 or more at year-end:

		2022				2021
Up to three months		$	40,538,000			$	68,887,000
Three months to six months			25,141,000				53,077,000
Six months to twelve months			54,394,000				56,612,000
Over twelve months			141,536,000				120,545,000
Total certificates of deposit		$	261,609,000			$	299,121,000

Total time deposits of more than $250,000 totaled $187 million and $207 million at year-end 2022 and 2021, respectively.

Deposit overdrafts, which are reported as loans on the Consolidated Balance Sheets, totaled $0.9 million and $0.1 million as of December 31, 2022 and December 31, 2021, respectively.

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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

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- References

No definition available.

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