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v3.23.2

Deposits | 6 Months Ended
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Jun. 30, 2023
Deposits [Abstract] |
Deposits | Deposits The following table presents the balance of deposits held, by category as of June 30, 2023 and December 31, 2022.
(In thousands) |  | June 30, 2023 |  | December 31, 2022
Non-interest bearing |  | $ | 127,817 |  |  | $ | 269,636 |
Interest bearing: |  |  |  |
Negotiable order of withdrawal accounts |  | 37,970 |  |  | 34,440 |
Savings deposits |  | 50,981 |  |  | 71,002 |
Money market deposits |  | 298,717 |  |  | 211,000 |
Certificates of deposit, less than $250,000 |  | 182,680 |  |  | 165,793 |
Certificates of deposit, $250,000 or greater |  | 56,088 |  |  | 59,877 |
Brokered deposits |  | 109,126 |  |  | 48,698 |
Interest bearing, Total |  | 735,562 |  |  | 590,810 |
Total Deposits |  | $ | 863,379 |  |  | $ | 860,446 |
The prepaid debit card deposits are included in the non-interest-bearing deposits and money market deposits, which totaled approximately $158.1 million and $197.3 million as of June 30, 2023 and December 31, 2022, respectively. As of June 30, 2023, 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 | $ | 136,053 |  |  | $ | 45,467 |  |  | $ | 104,517 |  |  | $ | 286,037 |
More than 1 year through 2 years | 29,447 |  |  | 9,362 |  |  | 4,358 |  |  | 43,167 |
More than 2 years through 3 years | 4,887 |  |  | 1,259 |  |  | 251 |  |  | 6,397 |
More than 3 years through 4 years | 496 |  |  | — |  |  | — |  |  | 496 |
More than 4 years through 5 years | 11,797 |  |  | — |  |  | — |  |  | 11,797 |
| $ | 182,680 |  |  | $ | 56,088 |  |  | $ | 109,126 |  |  | $ | 347,894 |

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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 -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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