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Deposits

9 Months Ended

Sep. 30, 2022

Deposits [Abstract]

DEPOSITS

NOTE 8 – DEPOSITS

Major classification of deposits at September 30, 2022 and at December 31, 2021 were as follows:

($ in thousands)		September 30, 2022				December 31, 2021
Non interest bearing demand		$	250,791			$	247,044
Interest bearing demand			199,523				195,464
Savings			201,402				237,571
Money market			258,975				276,462
Time deposits less than $250,000			146,403				142,736
Time deposits $250,000 or greater			28,799				13,768
Total Deposits		$	1,085,893			$	1,113,045

Included in time deposits at September 30, 2022 and December 31, 2021 were $52.5 million and $55.6 million, respectively, of deposits which were obtained through the Certificate of Deposit Account Registry Service (CDARS).

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- References

No definition available.

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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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