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DEPOSITS

12 Months Ended

Dec. 31, 2021

DEPOSITS [Abstract]

DEPOSITS

9. DEPOSITS

The following table shows the breakdown of deposits as of December 31, 2021 and 2020, by deposit type (in thousands):

		2021				2020
Non-interest-bearing deposits		$	358,073			$	303,762
NOW accounts			485,292				422,083
Savings deposits			313,048				255,853
Money market deposit accounts			350,122				225,968
Certificates of deposit			329,616				381,192
Total		$	1,836,151			$	1,588,858

Certificates of deposit of $250,000 or more amounted to $79,610,000 and $75,869,000 at December 31, 2021 and 2020, respectively. Brokered deposits totaled $23,839,000 as of December 31, 2020. There were no brokered certificates of deposits as of December 31, 2021.

Following are maturities of certificates of deposit as of December 31, 2021 (in thousands):

2022		$	184,857
2023			68,192
2024			42,549
2025			16,257
2026			11,994
Thereafter			5,767
Total certificates of deposit		$	329,616

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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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