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Deposits

6 Months Ended

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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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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Balance Type:	na
Period Type:	duration