Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

v3.23.1
DEPOSITS
3 Months Ended
Mar. 31, 2023
DEPOSITS [Abstract]  
DEPOSITS
NOTE 6 – DEPOSITS

Deposits are summarized as follows (dollars in thousands):

   
March 31,
2023
   
December 31,
2022
 
Noninterest-bearing demand
 
$
690,444
   
$
834,879
 
Interest bearing demand
   
608,967
     
760,889
 
Savings and money market accounts
   
858,895
     
922,418
 
Certificates of deposit
   
172,589
     
96,956
 
   
$
2,330,895
   
$
2,615,142
 

Time deposits that exceeded the FDIC insurance limit of $250,000 were approximately $56.1 million at March 31, 2023 and $29.7 million at December 31, 2022.