XML 29 R17.htm IDEA: XBRL DOCUMENT v3.22.0.1

DEPOSITS

12 Months Ended

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.

X

- 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

Name:	us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration