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Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Deposits

NOTE 7. Deposits

The composition of deposits at December 31, 2021 and December 31, 2020 was as follows:

		December 31, 2021				December 31, 2020
		(in thousands)
Noninterest bearing demand deposits		$	470,355			$	407,576
Savings and interest bearing demand deposits:
NOW accounts		$	162,690			$	132,249
Money market accounts			251,862				207,837
Regular savings accounts			168,744				136,778
		$	583,296			$	476,864
Time deposits:
Balances of less than $250,000		$	58,427			$	59,621
Balances of $250,000 or greater			65,157				69,037
		$	123,584			$	128,658
		$	1,177,235			$	1,013,098

Money market accounts include $42.2 million and $34.6 million in reciprocal deposits at December 31, 2021 and 2020, respectively.

The outstanding balance of time deposits at December 31, 2021 was due as follows:

		December 31, 2021
		(in thousands)
2022		$	107,507
2023			6,307
2024			2,449
2025			1,534
2026			5,780
Thereafter			7
		$	123,584

Deposit overdrafts reclassified as loans totaled $231 thousand and $70 thousand at December 31, 2021 and 2020, 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

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X

- References

No definition available.

+ Details

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