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Note 7 - Deposits

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 7.     Deposits

The following table presents the balance of deposits held, by category as of March 31, 2022 and December 31, 2021.

(In thousands)		March 31, 2022				December 31, 2021
Non-interest bearing		$	237,825			$	226,713
Interest bearing:
Negotiable order of withdrawal accounts			42,272				34,741
Savings			105,871				109,744
Money market			146,819				164,518
Certificates of deposit, less than $250,000			158,625				142,246
Certificates of deposit, $250,000 or greater			53,513				53,584
Brokered deposits			34,924				17,016
Interest bearing, Total			542,024				521,849
Total Deposits		$	779,849			$	748,562

On July 22, 2020, the Company completed the purchase of prepaid debit card deposits of $50.0 million from a prominent national provider and processor of prepaid debit cards for corporate, consumer and government clients. The prepaid debit card deposits are included in the non-interest-bearing deposits and money market deposits, which totaled approximately $146.8 million and $150.4 million as of March 31, 2022 and December 31, 2021, respectively.

As of March 31, 2022, contractual maturities of Certificates of Deposit (“CDs”), and brokered deposits is summarized as follows:

(In thousands)		CDs less than $250,000				CDs $250,000 or greater				Brokered Deposits				Total
1 year or less		$	96,349			$	41,582			$	1,498			$	139,429
More than 1 year through 2 years			39,836				8,668				28,320				76,824
More than 2 years through 3 years			8,710				2,503				5,106				16,319
More than 3 years through 4 years			3,936				760				-				4,696
More than 4 years through 5 years			9,794				-				-				9,794
		$	158,625			$	53,513			$	34,924			$	247,062

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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 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

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- References

No definition available.

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