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Deposits

3 Months Ended

Mar. 31, 2024

Disclosure Deposits Abstract

Deposits

Note 6 - 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)		2024				2023
Non-interest bearing demand deposits		$	443,257			$	432,333
Interest bearing demand deposits and money market accounts			712,018				707,434
Savings			115,760				118,623
Time deposits of $250,000 or less			247,676				207,233
Time deposits greater than $250,000			59,356				45,378
Total deposits		$	1,578,067			$	1,511,001

Time deposits of $250,000 or less include $60.5 million and $48.1 million in brokered deposits as of March 31, 2024 and December 31, 2023, respectively.

Total uninsured deposits were $470.0 million and $436.6 million at March 31, 2024 and December 31, 2023, respectively. Included in uninsured deposits at March 31, 2024 and December 31, 2023 were $94.4 million and $82.8 million of collateralized public funds, respectively.

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- References

No definition available.

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

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

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

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