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Certificates of Deposit

12 Months Ended

Dec. 31, 2022

Deposits [Abstract]

Certificates of Deposit

Certificates of Deposit

The following table represents the breakdown of certificates of deposit at December 31, 2022 and 2021:

			December 31, 2022						December 31, 2021
Certificates of deposit < $100,000			$	489,793,000					$	252,568,000
Certificates $100,000 to $250,000			259,614,000						258,211,000
Certificates $250,000 and over			118,264,000						55,426,000
			$	867,671,000					$	566,205,000

At December 31, 2022, the scheduled maturities of certificates of deposit are as follows:

Year of Maturity			Less than $100,000						$100,000 and Greater						All Certificates of Deposit
2023			$	293,740,000					$	247,466,000					$	541,206,000
2024			90,083,000						105,165,000						195,248,000
2025			63,551,000						8,997,000						72,548,000
2026			38,396,000						9,708,000						48,104,000
2027			3,949,000						6,542,000						10,491,000
2028 and thereafter			74,000						—						74,000
			$	489,793,000					$	377,878,000					$	867,671,000

Interest on certificates of deposit of $100,000 or more was $4,058,000, $2,462,000, and $5,327,000 in 2022, 2021 and 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 https://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 https://asc.fasb.org/extlink&oid=126897435&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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