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Deposits (Tables) | 12 Months Ended
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Dec. 31, 2021
Deposits [Abstract] |
Summary of Contractual Maturities of Certificate of Deposits | At December 31, 2021, contractual maturities of certificate of deposits are summarized as follows: (in thousands).
2022 |  | $ | 48,581 |
2023 |  |  | 20,406 |
2024 |  |  | 9,647 |
2025 |  |  | 8,456 |
2026 |  |  | 4,677 |
Thereafter |  |  | 4,991 |
|  | $ | 96,758 |
Summary of Interest Expense on Deposits | The following is a summary of interest expense on deposits for the years ended December 31, 2021 and 2020: (in thousands)
|  | Year Ended December 31, 2021 |  |  | Year Ended December 31, 2020 |
Savings accounts |  | $ | 403 |  |  | $ | 878 |
Interest-bearing checking accounts |  |  | 185 |  |  |  | 286 |
Market rate checking accounts |  |  | 469 |  |  |  | 965 |
Certificates of deposit |  |  | 1,623 |  |  |  | 2,623 |
|  | $ | 2,680 |  |  | $ | 4,752 |

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- Definition Tabular disclosure of time deposit liability maturities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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