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Deposits

12 Months Ended

Dec. 31, 2022

Deposits

(11) Deposits

The following table presents the maturities of certificates of deposit at December 31, 2022:

 Schedule of Maturities of Time Deposit

(Dollars in thousands)
Year		Amount
2023		$	78,419
2024			7,205
2025			2,677
2026			2,452
2027			2,486
Thereafter			39
Total		$	93,278

The aggregate amount of certificate of deposit in denominations of $250,000 or more at December 31, 2022 and 2021 was $25.6 million and $23.4 million, respectively. As of December 31, 2022 and December 2021, the Company had no brokered deposits.

The components of interest expense associated with deposits are as follows:

 Schedule of Interest Expense Associated with Deposits

(Dollars in thousands)		Years ended December 31,
		2022				2021				2020
Certificate of deposit		$	412			$	476			$	1,166
Money market and checking			2,318				500				899
Savings			46				47				40
Total		$	2,776			$	1,023			$	2,105

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 https://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 https://asc.fasb.org/extlink&oid=126897435&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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Balance Type:	na
Period Type:	duration