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v3.22.4

Deposits (Tables) | 12 Months Ended
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Dec. 31, 2022
Banking and Thrift, Other Disclosures [Abstract] |
Components of interest-bearing deposits | Interest-bearing deposits consisted of the following (in thousands):
|  | December 31,
|  | 2022 |  | 2021
Savings |  | $ | 215,287 |  |  | $ | 197,273 |
Money market |  | 435,783 |  |  | 511,448 |
NOW accounts |  | 324,089 |  |  | 360,462 |
Time, $250,000 or more |  | 13,338 |  |  | 20,131 |
Time, under $250,000 |  | 54,585 |  |  | 69,899 |
|  | $ | 1,043,082 |  |  | $ | 1,159,213 |
Aggregate annual maturities of time deposits | Aggregate annual maturities of time deposits are as follows (in thousands):
Years Ending December 31, |  |
2023 |  | $ | 59,467 |
2024 |  | 5,107 |
2025 |  | 1,660 |
2026 |  | 981 |
2027 |  | 708 |
Thereafter |  | — |
|  | $ | 67,923 |
Components of interest expense recognized on interest-bearing deposits | Interest expense recognized on interest-bearing deposits consisted of the following (in thousands):
|  | Years Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Savings |  | $ | 25 |  |  | $ | 20 |  |  | $ | 25 |
Money market |  | 848 |  |  | 661 |  |  | 542 |
NOW accounts |  | 207 |  |  | 162 |  |  | 316 |
Time certificates of deposit |  | 117 |  |  | 193 |  |  | 582 |
|  | $ | 1,197 |  |  | $ | 1,036 |  |  | $ | 1,465 |

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