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Note 8 - Deposits

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 8 - DEPOSITS

Composition of deposits is as follows:

		December 31,
		2021				2020
Noninterest-bearing demand deposits		$	342,176			$	326,188
Interest-bearing NOW accounts			404,335				336,994
Money market accounts			333,369				297,801
Savings deposits			201,633				179,561
Certificates of deposit			206,918				253,000
		$	1,488,431			$	1,393,544

Time deposits that meet or exceed the FDIC Insurance limit of $250,000 were $22.5 million and $30.7 million at December 31, 2021 and 2020, respectively.  Certificates of deposits include wholesale certificates totaling $3.5 million and $7.2 million at December 31, 2021 and 2020, respectively.

Scheduled maturities of certificates of deposit for the next five years as of December 31, 2021 are as follows:

2022		$	167,415
2023			29,819
2024			9,428
2025			211
2026			45
		$	206,918

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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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- References

No definition available.

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