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Deposits

12 Months Ended

Dec. 31, 2023

Deposits

(11) Deposits

The following table presents the maturities of certificates of deposit at December 31, 2023:

 Schedule of Maturities of Time Deposit

(Dollars in thousands)
Year		Amount
2024			163,439
2025			12,307
2026			2,893
2027			2,385
2028			2,128
Thereafter			2
Total		$	183,154

The aggregate amount of certificate of deposit in denominations of $250,000 or more at December 31, 2023 and 2022 was $50.2 million and $25.6 million, respectively. As of December 31, 2023, the Company had $83.2 million in brokered deposits compared to $10.3 million at December 31, 2022.

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

 Schedule of Interest Expense Associated with Deposits

		2023				2022				2021
(Dollars in thousands)		Years ended December 31,
		2023				2022				2021
Certificates of deposit		$	4,310			$	412			$	476
Money market and checking			10,818				2,318				500
Savings			126				46				47
Total		$	15,254			$	2,776			$	1,023

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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Balance Type:	na
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