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Deposits

3 Months Ended

Mar. 31, 2022

Deposits [Abstract]

Deposits

Deposits

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

						March 31, 2022																		December 31, 2021
						Balance						Average Balance						Average Rate						Balance						Average Balance						Average Rate
						(Dollars in Thousands)
Non-interest-bearing transaction accounts						$	600,987					$	562,530					—		%				$	589,559					$	536,981					—		%
Interest-bearing transaction accounts						539,492						533,251						0.19						530,225						506,693						0.19
Money market accounts						806,917						784,276						0.17						754,410						693,608						0.17
Certificates of deposit						63,977						52,519						0.42						54,091						47,020						0.84
Wholesale deposits						12,321						16,236						2.90						29,638						119,831						0.82
Total deposits						$	2,023,694					$	1,948,812					0.16						$	1,957,923					$	1,904,133					0.19

A summary of annual maturities of in-market and wholesale certificates of deposit at March 31, 2022 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2022						$	51,679
2023						6,550
2024						15,125
2025						382
2026						490
Thereafter						2,072
						$	76,298

Wholesale deposits include $12.3 million of wholesale certificates of deposit and no non-reciprocal interest-bearing transaction accounts at March 31, 2022, compared to $19.6 million and $10.0 million of wholesale certificates of deposit and non-reciprocal interest-bearing transaction accounts, respectively, at December 31, 2021.

Deposits include $20.9 million and $7.9 million of certificates of deposit and wholesale deposits which are denominated in amounts greater than $250,000 at March 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 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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