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Deposits

3 Months Ended

Mar. 31, 2023

Deposits

Note 7 - Deposits

The Company’s total deposits are comprised of the following at the dates indicated:  

Schedule of Deposits 

		March 31,				December 31,
(Dollars in thousands)		2023				2022
Non-interest bearing demand deposits		$	458,882			$	461,010
Interest bearing demand deposits			323,832				334,540
Money market accounts			351,900				295,223
Savings			141,713				161,770
Time deposits			143,830				132,839
Total deposits		$	1,420,157			$	1,385,382

Time deposits with balances that exceed the FDIC insurance limit of $250 thousand at March 31, 2023 and December 31, 2022 were $27.6 million and $25.0 million, respectively. At March 31, 2023 and December 31, 2022, $9.6 million and $9.5 million, respectively were in excess of the $250,000 FDIC insurance limit.

Total uninsured deposits were $434.4 million and $411.3 million at March 31, 2023 and December 31, 2022, respectively. Included in uninsured deposits at March 31, 2023 and December 31, 2022 were $74.7 million and $59.5 million of collateralized public funds, 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481047/942-405-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ Details

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