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Note 8 - Deposits

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 8 – Deposits

Deposit balances as of December 31 consisted of the following:

(Dollars in thousands)		2021				2020
Noninterest-bearing demand deposits		$	560,931			$	477,654
Interest-bearing demand deposits			665,482				471,346
Money market deposits			218,211				191,681
Savings deposits			425,626				337,332
Local certificates of deposit			182,044				196,565
Total deposits		$	2,052,294			$	1,674,578

Scheduled maturities of certificates of deposit as of  December 31, 2021 were as follows:

(Dollars in thousands)
2022		$	149,991
2023			19,641
2024			5,529
2025			3,759
2026			2,732
Thereafter			392
Total		$	182,044

The Bank had certificates of deposit issued in denominations of $250,000 or greater totaling $87.3 million and $88.2 million at December 31, 2021 and 2020, respectively. The Bank held $0 in brokered certificates of deposit at December 31, 2021 and 2020. In addition, the Bank had $13.7 million and $12.7 million of certificates of deposit as of December 31, 2021, and December 31, 2020, respectively, that had been issued through the Certificate of Deposit Account Registry Service ("CDARS"). 

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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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- References

No definition available.

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