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DEPOSITS | 12 Months Ended
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Dec. 31, 2023
DEPOSITS. |
DEPOSITS | 10. DEPOSITS The following table sets forth the balance of the Company’s deposits: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | AT DECEMBER 31,
​ |  | 2023 |  | 2022
​ | ​ | (IN THOUSANDS)
Demand: |  | ​ |  |  | ​ |
Non-interest bearing | ​ | $ | 172,070 | ​ | $ | 195,123
Interest bearing | ​ |  | 288,124 | ​ |  | 236,746
Savings | ​ |  | 119,484 | ​ |  | 135,796
Money market | ​ |  | 256,205 | ​ |  | 254,868
Time deposits (1) | ​ |  | 322,477 | ​ |  | 286,004
Total deposits | ​ | $ | 1,158,360 | ​ | $ | 1,108,537
(1) | Time deposits include certificates of deposit (CDs) and individual retirement accounts (IRAs).
​ The following table sets forth the balance of time deposits as of December 31, 2023 maturing in the periods presented: ​
​ | ​ | ​ | ​ | ​
YEAR: |  | TIME DEPOSITS |
​ |  | (IN THOUSANDS) | ​
2024 | ​ | $ | 259,657 | ​
2025 | ​ |  | 40,810 | ​
2026 | ​ |  | 5,395 | ​
2027 | ​ |  | 5,814 | ​
2028 | ​ |  | 3,754 | ​
2029 and after | ​ |  | 7,047 | ​
Total | ​ | $ | 322,477 | ​
​ The aggregate amount of time deposits that exceed the FDIC insurance limit of $250,000 at December 31, 2023 and 2022 are $81.8 million and $74.0 million, respectively. The amount of related party deposits totaled $3,813,000 and $3,135,000 at December 31, 2023 and 2022, 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 -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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- References No definition available. + Details
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