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Deposits | 12 Months Ended
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Dec. 31, 2023
Statistical Disclosure for Banks [Abstract] |
Deposits | Note 9 – Deposits Deposit balances as of December 31 consisted of the following:
(Dollars in thousands) | 2023 |  |  | 2022 |
Noninterest-bearing demand deposits | $ | 547,625 |  |  | $ | 599,579 |
Interest-bearing demand deposits |  | 599,681 |  |  |  | 638,641 |
Money market deposits |  | 247,602 |  |  |  | 214,026 |
Savings deposits |  | 336,851 |  |  |  | 427,583 |
Local certificates of deposit |  | 366,851 |  |  |  | 236,431 |
Brokered certificates of deposit |  | 23,445 |  |  |  | 1,743 |
Total deposits | $ | 2,122,055 |  |  | $ | 2,118,003 |
Scheduled maturities of certificates of deposit as of December 31, 2023 were as follows:
(Dollars in thousands) |  |
2024 | $ | 351,516 |
2025 |  | 29,857 |
2026 |  | 3,802 |
2027 |  | 2,275 |
2028 |  | 2,580 |
Thereafter |  | 266 |
Total | $ | 390,296 |
The Bank had certificates of deposit issued in denominations of $250,000 or greater totaling $199.7 million and $148.9 million at December 31, 2023 and 2022, respectively. The Bank held $23.4 million and $1.7 million in brokered certificates of deposit at December 31, 2023 and 2022, respectively. In addition, the Bank had $36.2 million and $17.3 million of certificates of deposit as of December 31, 2023, and December 31, 2022, 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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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