Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.22.4
DEPOSITS
12 Months Ended
Dec. 31, 2022
DEPOSITS [Abstract]  
DEPOSITS
NOTE 9 – DEPOSITS
 
Deposits at year-end were as follows (dollars in thousands):

   
2022
   
2021
 
Noninterest-bearing demand
 
$
834,879
   
$
886,115
 
Interest bearing demand
   
760,889
     
736,573
 
Savings and money market accounts
   
922,418
     
865,528
 
Certificates of deposit
   
96,956
     
89,742
 
   
$
2,615,142
   
$
2,577,958
 

The following table depicts the maturity distribution of certificates of deposit at December 31, 2022 (dollars in thousands):

2023
 
$
59,326
 
2024
   
35,756
 
2025
   
1,067
 
2026
   
489
 
2027
   
259
 
Thereafter
   
59
 
   
$
96,956
 

Time deposits that exceed the FDIC insurance limit of $250,000 at December 31, 2022 and 2021 were approximately $29.7 million and $28.2 million, respectively.