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Deposits (Tables) | 12 Months Ended
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Dec. 31, 2023
Banking and Thrift, Other Disclosure [Abstract] |
Components of interest-bearing deposits | Interest-bearing deposits consisted of the following (in thousands):
|  | December 31,
|  | 2023 |  | 2022
Savings |  | $ | 179,609 |  |  | $ | 215,287 |
Money market |  | 497,043 |  |  | 435,783 |
NOW accounts |  | 251,334 |  |  | 324,089 |
Time, $250,000 or more |  | 24,257 |  |  | 13,338 |
Time, under $250,000 |  | 137,828 |  |  | 54,585 |
|  | $ | 1,090,071 |  |  | $ | 1,043,082 |
Aggregate annual maturities of time deposits | Aggregate annual maturities of time deposits are as follows (in thousands):
Years Ending December 31, |  |
2024 |  | $ | 128,035 |
2025 |  | 3,327 |
2026 |  | 1,343 |
2027 |  | 15,334 |
2028 |  | 14,046 |
Thereafter |  | — |
|  | $ | 162,085 |
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,
|  | 2023 |  | 2022 |  | 2021
Savings |  | $ | 245 |  |  | $ | 25 |  |  | $ | 20 |
Money market |  | 8,910 |  |  | 848 |  |  | 661 |
NOW accounts |  | 366 |  |  | 207 |  |  | 162 |
Time certificates of deposit |  | 6,006 |  |  | 117 |  |  | 193 |
|  | $ | 15,527 |  |  | $ | 1,197 |  |  | $ | 1,036 |
As of December 31, 2023 and December 31, 2022 uninsured deposits totaled $821,756,000 and $900,123,000, respectively.

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