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Deposits

9 Months Ended

Sep. 30, 2021

Deposits [Abstract]

Deposits

Deposits

The composition of deposits is shown below. Average balances represent year to date averages.

						September 30, 2021																		December 31, 2020
						Balance						Average Balance						Average Rate						Balance						Average Balance						Average Rate
						(Dollars in Thousands)
Non-interest-bearing transaction accounts						$	526,047					$	523,368					—		%				$	472,818					$	412,825					—		%
Interest-bearing transaction accounts						517,248						509,709						0.20						503,992						392,576						0.37
Money market accounts						728,751						674,858						0.17						641,504						651,402						0.44
Certificates of deposit						57,598						48,540						0.99						64,694						111,698						1.97
Wholesale deposits						74,638						139,205						0.79						172,508						142,591						1.71
Total deposits						$	1,904,282					$	1,895,680					0.20						$	1,855,516					$	1,711,092					0.52

A summary of annual maturities of in-market and wholesale certificates of deposit at September 30, 2021 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2021						$	41,646
2022						31,840
2023						2,589
2024						349
2025						322
Thereafter						490
						$	77,236

Wholesale deposits include $19.6 million and $55.0 million of wholesale certificates of deposit and non-reciprocal interest-bearing transaction accounts, respectively, at September 30, 2021, compared to $47.5 million and $125.0 million of wholesale certificates of deposit and non-reciprocal interest-bearing transaction accounts, respectively, at December 31, 2020.

Deposits include $10.0 million and $28.7 million of certificates of deposit and wholesale deposits which are denominated in amounts greater than $250,000 at September 30, 2021 and December 31, 2020, 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 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.

+ Details

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