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Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2021

Note 11: Interest-Bearing Deposits

Interest-bearing time deposits in denominations of $250,000 or more totaled $13.8 million on December 31, 2021 and $27.8 million on December 31, 2020. There were no certificates of deposit from brokers as of December 31, 2021. Certificates of deposit obtained from brokers totaling $5.0 million as of December 31, 2020 subsequently matured in 2021.

At December 31, 2021, the scheduled maturities of time deposits were as follows:

($ in thousands)
2022	$	104,583
2023		38,438
2024		7,792
2025		2,680
2026		2,829
Thereafter		182
Total	$	156,504

Included in time deposits at December 31, 2021 and 2020 were $55.6 million and $73.1 million, respectively, of deposits which were obtained through the Certificate of Deposit Account Registry Service (“CDARS”). This service allows deposit customers to maintain fully insured balances in excess of the $250,000 FDIC limit without the inconvenience of having multi-banking relationships. Under the reciprocal program that the Company is currently participating in, customers agree to allow their deposits to be placed with other participating banks in the CDARS program in insurable amounts under $250,000. In exchange, other banks in the program agree to place their deposits with the Company also in insurable amounts under $250,000.