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Deposits | 12 Months Ended
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Dec. 31, 2022
Deposits [Abstract] |
Deposits | Note 10 – Deposits Deposits are summarized as follows:
|  | December 31, 2022 |  |  | December 31, 2021 |
|  | (In thousands) |
Interest checking and other demand deposits |  | $ | 5,764 |  |  | $ | 90,285 |
Non‑interest-bearing demand deposits |  |  | 328,577 |  |  |  | 220,152 |
Money market deposits |  |  | 155,200 |  |  |  | 204,888 |
Savings deposits |  |  | 62,322 |  |  |  | 70,750 |
Certificates of deposit |  |  | 135,053 |  |  |  | 201,977 |
Total |  | $ | 686,916 |  |  | $ | 788,052 |
The Bank accepts two types of deposits from a deposit placement service called the Certificate of Deposit Account Registry Service. Reciprocal deposits are the Bank’s own retail deposits in amounts in excess of the insured limits. The CDARS program allows banks to place their customers’ funds in FDIC‑insured certificates of deposit at other banks and, at the same time, receive an equal sum of funds from the customers of other banks in the CDARS Network. These deposits totaled $74.6 million and $141.6 million at December 31, 2022 and 2021, respectively and are not considered to be brokered deposits. One‑way deposits are also available using the CDARS program. With the one‑way program, the Bank accepts deposits from CDARS even though there is no customer account involved. These one-way deposits, which are considered to brokered deposits, totaled $0 and $223 thousand at December 31, 2022 and 2021, respectively. At December 31, 2022 and 2021, the Bank had $4.3 million and $5.0 million in (non-CDARS) brokered deposits, respectively. As of December 31, 2022 and 2021, approximately $212.9 million and $265.8 million of our total deposits were not insured by FDIC insurance. Scheduled maturities of certificates of deposit for the next five years are as follows:
Maturity |  | Amount |
|  | (In thousands) |
2023 |  | $ | 118,070 |
2024 |  |  | 10,767 |
2025 |  |  | 729 |
2026 |  |  | 5,312 |
2027 |  |  | 167 |
Thereafter |  |  | 8 |
|  | $ | 135,053 |
Certificates of deposit of $250 thousand or more totaled $30.2 million and $20.4 million at December 31, 2022 and 2021, respectively. The Company has a significant concentration of deposits with five long‑time customers that accounted for approximately 27% of its deposits as of December 31, 2022. The Company expects to maintain the relationships with the customers for the near term. Deposits from principal officers, directors, and their affiliates totaled $24.3 million and $22.7 million at December 31, 2022 and 2021, respectively.

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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 + Details
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