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Deposits | 12 Months Ended
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Dec. 31, 2021
Deposits |
Deposits | Note 7. Deposits The following table summarizes the major classifications of deposit balances as of the dates indicated:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |
​ | ​ | 2021 |  | 2020 | ​
(dollars in thousands) | ​ | ​ | ​
Noninterest-bearing deposits | ​ | $ | 155,624 | ​ | $ | 132,626 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing checking | ​ | ​ | 37,305 | ​ | ​ | 32,601 | ​
Money Market | ​ |  | 23,103 | ​ |  | 19,077 | ​
Savings | ​ |  | 106,818 | ​ |  | 97,036 | ​
Time deposits, $100,000 or more | ​ |  | 24,624 | ​ |  | 28,270 | ​
Time deposits below $100,000 | ​ |  | 35,773 | ​ |  | 40,010 | ​
Total interest- bearing deposits | ​ | ​ | 227,623 | ​ | ​ | 216,994 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Deposits | ​ | $ | 383,247 | ​ | $ | 349,620 | ​
​ Interest expense on deposits for the years ended December 31, 2021 and 2020 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
(dollars in thousands) | ​ | ​ | ​
Interest-bearing checking | ​ | $ | 11 | ​ | $ | 9 | ​
Money Market | ​ |  | 11 | ​ |  | 9 | ​
Savings | ​ |  | 51 | ​ |  | 60 | ​
Time deposits, $100,000 or more | ​ |  | 248 | ​ |  | 440 | ​
Time deposits below $100,000 | ​ | ​ | 288 | ​ |  | 525 | ​
Total Interest Expense | ​ | $ | 609 | ​ | $ | 1,043 | ​
​ The Bank recognized $0.2 million of fee income from deposits for the years ended December 31, 2021 and 2020. At December 31, 2021, the scheduled maturities of time deposits are approximately as follows: ​
​ | ​ | ​ | ​
(dollars in thousands) | ​ | Amount
Maturing in: | ​ | ​ | ​
2022 | ​ | $ | 32,541
2023 | ​ |  | 9,886
2024 | ​ |  | 8,802
2025 | ​ |  | 3,916
2026 | ​ |  | 4,323
2027 and thereafter | ​ |  | 929
Total Time Deposits | ​ | $ | 60,397
​ Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2.2 million and $2.8 million at December 31, 2021 and 2020, respectively. The Bank had no brokered deposits at December 31, 2021 and 2020.

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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 http://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 http://asc.fasb.org/extlink&oid=120398452&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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