Annual report pursuant to Section 13 and 15(d)

Deposits

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Deposits
12 Months Ended
Dec. 31, 2021
Deposits By Component Alternative [Abstract]  
Deposits

NOTE 10. DEPOSITS

The following table sets forth the Company’s deposits by category:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands)

 

Noninterest-bearing demand deposits

 

$

803,546

 

 

$

727,543

 

Interest-bearing demand deposits

 

 

650,588

 

 

 

472,075

 

Interest-bearing NOW accounts

 

 

13,008

 

 

 

10,288

 

Savings and money market accounts

 

 

751,404

 

 

 

610,571

 

Time deposits

 

 

563,845

 

 

 

638,658

 

Total deposits

 

$

2,782,391

 

 

$

2,459,135

 

Time deposits $250,000 and greater

 

 

197,861

 

 

 

190,236

 

Related party deposits (executive officers and directors)

 

$

19,363

 

 

$

18,767

 

 

The aggregate amount of overdraft demand deposits reclassified to loans was $95 thousand and $88 thousand at December 31, 2021 and 2020, respectively. The aggregate amount of maturities for time deposits for each of the five years following the latest balance sheet date totalled $480.3 million, $59.0 million, $8.1 million, $8.3 million and $6.7 million, respectively.

 

The Company had no brokered certificates of deposit as of December 31, 2021 or 2020. At December 31, 2021 and 2020, the Company had $1.1 million and $16.4 million of CDARS deposits, respectively.