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DEPOSITS | 12 Months Ended
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Dec. 31, 2021
DEPOSITS | Note 9—DEPOSITS The Company’s total deposits are comprised of the following at the dates indicated:
|  | December 31, |  |  | December 31, |
(Dollars in thousands) |  | 2021 |  |  | 2020 |
Non-interest bearing deposits |  | $ | 444,688 |  |  | $ | 385,511 |
Interest bearing demand deposits and money market accounts |  |  | 619,057 |  |  |  | 520,205 |
Savings |  |  | 143,765 |  |  |  | 123,032 |
Time deposits |  |  | 153,781 |  |  |  | 160,665 |
Total deposits |  | $ | 1,361,291 |  |  | $ | 1,189,413 |
At December 31, 2021, the scheduled maturities of time deposits are as follows:
(Dollars in thousands) |  |  |  |
2022 |  |  | $ | 117,612 |
2023 |  |  |  | 19,950 |
2024 |  |  |  | 8,409 |
2025 |  |  |  | 3,673 |
2026 |  |  |  | 4,037 |
2027 |  |  |  | 100 |
Time Deposits |  |  | $ | 153,781 |
Interest paid on time deposits of $100 thousand or more totaled $538 thousand, $993 thousand, and $1.1 million in 2021, 2020, and 2019, respectively. Time deposits that meet or exceed the FDIC insurance limit of $250 thousand at year end 2021 and 2020 were $27.9 million and $28.6 million, respectively. Deposits from directors and executive officers and their related interests at December 31, 2021 and 2020 amounted to approximately $31.9 million and $36.3 million, respectively. The amount of overdrafts classified as loans at December 31, 2021 and 2020 were $58 thousand and $61 thousand , 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 + Details
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