Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

v3.22.2
DEPOSITS
6 Months Ended
Jun. 30, 2022
DEPOSITS [Abstract]  
DEPOSITS
NOTE 6 – DEPOSITS

Deposits are summarized as follows (dollars in thousands):

   
June 30,
2022
   
December 31,
2021
 
Noninterest-bearing demand
 
$
903,334
   
$
886,115
 
Interest bearing demand
   
640,277
     
736,573
 
Savings and money market accounts
   
868,222
     
865,528
 
Certificates of deposit
   
82,750
     
89,742
 
   
$
2,494,583
   
$
2,577,958
 

Time deposits that exceed the FDIC insurance limit of $250,000 were approximately $26.8 million at June 30, 2022 and $28.2 million at December 31, 2021.