v3.22.0.1

Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Interest-Bearing Deposits

Interest-Bearing Deposits

Major categories of interest bearing deposits are as follows:

(in thousands)						2021						2020
Interest-bearing demand accounts						$	330,924					$	257,126
Money market accounts						493,919						447,077
Savings						6,994						4,800
Certificates of deposit of $250,000 or more						108,827						134,752
Other time deposits						68,823						199,814
Total interest-bearing deposits						$	1,009,487					$	1,043,569

The Company did not have any brokered deposits at December 31, 2021 compared to $45.1 million at December 31, 2020. The aggregate amount of Certificate of Deposit Account Registry Service (“CDARS”) deposits was $8.6 million and $10.7 million at December 31, 2021 and 2020, respectively.

Certificates of deposit, as of December 31, 2021, mature as follows:

(in thousands)
2022						$	167,322
2023						7,830
2024						960
2025						824
2026, and thereafter						714
						$	177,650

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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

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X

- References

No definition available.

+ Details

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