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Note 7 - Deposits | 6 Months Ended
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Jun. 30, 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 June 30, 2022 and December 31, 2021.
(In thousands) |  | June 30, 2022 |  |  | December 31, 2021 |
Non-interest bearing |  | $ | 271,165 |  |  | $ | 226,713 |
Interest bearing: |  |  |  |  |  |  |  |
Negotiable order of withdrawal accounts |  |  | 35,973 |  |  |  | 34,741 |
Savings |  |  | 99,686 |  |  |  | 109,744 |
Money market |  |  | 184,103 |  |  |  | 164,518 |
Certificates of deposit, less than $250,000 |  |  | 169,690 |  |  |  | 142,246 |
Certificates of deposit, $250,000 or greater |  |  | 51,491 |  |  |  | 53,584 |
Brokered deposits |  |  | 34,675 |  |  |  | 17,016 |
Interest bearing, Total |  |  | 575,618 |  |  |  | 521,849 |
Total Deposits |  | $ | 846,783 |  |  | $ | 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 $166.7 million and $150.4 million as of June 30, 2022 and December 31, 2021, respectively. As of June 30, 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 |  | $ | 96,414 |  |  | $ | 41,826 |  |  | $ | 1,248 |  |  | $ | 139,488 |
More than 1 year through 2 years |  |  | 40,077 |  |  |  | 6,151 |  |  |  | 28,570 |  |  |  | 74,798 |
More than 2 years through 3 years |  |  | 14,400 |  |  |  | 3,014 |  |  |  | 4,857 |  |  |  | 22,271 |
More than 3 years through 4 years |  |  | 3,582 |  |  |  | 500 |  |  |  | - |  |  |  | 4,082 |
More than 4 years through 5 years |  |  | 15,217 |  |  |  | - |  |  |  | - |  |  |  | 15,217 |
|  | $ | 169,690 |  |  | $ | 51,491 |  |  | $ | 34,675 |  |  | $ | 255,856 |

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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 + Details
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