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Deposits | 12 Months Ended
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Dec. 31, 2023
Deposits |
Deposits | Note 7. Deposits The following table summarizes the major classifications of deposit balances as of the dates indicated: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |
​ | ​ | 2023 |  | 2022 | ​
(dollars in thousands) | ​ | ​ | ​
Noninterest-bearing deposits | ​ | $ | 116,922 | ​ | $ | 143,262 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing deposits: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest-bearing checking | ​ | ​ | 28,571 | ​ | ​ | 40,086 | ​
Money Market | ​ |  | 26,836 | ​ |  | 15,791 | ​
Savings | ​ |  | 93,104 | ​ |  | 113,101 | ​
Time deposits, $100,000 or more | ​ |  | 12,501 | ​ |  | 19,999 | ​
Time deposits below $100,000 | ​ |  | 22,133 | ​ |  | 30,708 | ​
Total interest- bearing deposits | ​ | ​ | 183,145 | ​ | ​ | 219,685 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total Deposits | ​ | $ | 300,067 | ​ | $ | 362,947 | ​
​ Interest expense on deposits for the years ended December 31, 2023 and 2022 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |
(dollars in thousands) | ​ | ​ | ​
Interest-bearing checking | ​ | $ | 10 | ​ | $ | 11 | ​
Money Market | ​ |  | 76 | ​ |  | 12 | ​
Savings | ​ |  | 89 | ​ |  | 59 | ​
Time deposits, $100,000 or more | ​ |  | 162 | ​ |  | 183 | ​
Time deposits below $100,000 | ​ | ​ | 176 | ​ |  | 206 | ​
Total Interest Expense | ​ | $ | 513 | ​ | $ | 471 | ​
​ The Bank recognized $0.2 million of fee income from deposits for the years ended December 31, 2023 and 2022. At December 31, 2023, the scheduled maturities of time deposits are approximately as follows: ​
​ | ​ | ​ | ​
(dollars in thousands) | ​ | Amount
Maturing in: | ​ | ​ | ​
2024 | ​ | $ | 22,577
2025 | ​ |  | 4,587
2026 | ​ |  | 3,514
2027 | ​ |  | 1,722
2028 | ​ |  | 1,995
2027 and thereafter | ​ |  | 239
Total Time Deposits | ​ | $ | 34,634
​ Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2.4 million and $2.1 million at December 31, 2023 and 2022, respectively. The Bank had no brokered deposits at December 31, 2023 and 2022. The aggregate amount of time deposit accounts that equal or exceed the $250,000 insured limit totaled $2.5 million and $5.1 million 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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