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Deposits | 12 Months Ended
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Dec. 31, 2022
Deposits |
Deposits | Note 7. Deposits The following table summarizes the major classifications of deposit balances as of the dates indicated:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |
​ | ​ | 2022 |  | 2021 | ​
(dollars in thousands) | ​ | ​ | ​
Noninterest-bearing deposits | ​ | $ | 143,262 | ​ | $ | 155,624 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing checking | ​ | ​ | 40,086 | ​ | ​ | 37,305 | ​
Money Market | ​ |  | 15,791 | ​ |  | 23,103 | ​
Savings | ​ |  | 113,101 | ​ |  | 106,818 | ​
Time deposits, $100,000 or more | ​ |  | 19,999 | ​ |  | 24,624 | ​
Time deposits below $100,000 | ​ |  | 30,708 | ​ |  | 35,773 | ​
Total interest- bearing deposits | ​ | ​ | 219,685 | ​ | ​ | 227,623 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Deposits | ​ | $ | 362,947 | ​ | $ | 383,247 | ​
​ Interest expense on deposits for the years ended December 31, 2022 and 2021 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |
(dollars in thousands) | ​ | ​ | ​
Interest-bearing checking | ​ | $ | 11 | ​ | $ | 11 | ​
Money Market | ​ |  | 12 | ​ |  | 11 | ​
Savings | ​ |  | 59 | ​ |  | 51 | ​
Time deposits, $100,000 or more | ​ |  | 183 | ​ |  | 248 | ​
Time deposits below $100,000 | ​ | ​ | 206 | ​ |  | 288 | ​
Total Interest Expense | ​ | $ | 471 | ​ | $ | 609 | ​
​ The Bank recognized $0.2 million of fee income from deposits for the years ended December 31, 2022 and 2021. At December 31, 2022, the scheduled maturities of time deposits are approximately as follows: ​
​ | ​ | ​ | ​
(dollars in thousands) | ​ | Amount
Maturing in: | ​ | ​ | ​
2023 | ​ | $ | 26,461
2024 | ​ |  | 13,664
2025 | ​ |  | 4,187
2026 | ​ |  | 3,941
2027 | ​ |  | 2,125
2027 and thereafter | ​ |  | 329
Total Time Deposits | ​ | $ | 50,707
​ Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2.1 million and $2.2 million at December 31, 2022 and 2021, respectively. The Bank had no brokered deposits at December 31, 2022 and 2021.

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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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