DEPOSITS

6 Months Ended

Jun. 30, 2022

DEPOSITS

NOTE 5. DEPOSITS

Deposit balances and interest expense by type of deposit are summarized as follows as of and for the periods indicated (in thousands):

	As of and for the Six Months Ended June 30,								As of and for the Year Ended December 31
	2022				2021				2021
	Balance		Interest Expense		Balance		Interest Expense		Balance		Interest Expense
Noninterest-bearing demand	$	301,487	$	—	$	252,050	$	—	$	280,665	$	—
Interest-bearing demand		65,557		51		72,236		84		52,479		167
Money Market		543,606		1,086		440,716		915		500,862		1,888
Savings		16,720		8		13,038		6		16,106		13
Time Deposits		183,731		300		238,342		791		208,929		1,192
	$	1,111,101	$	1,445	$	1,016,382	$	1,796	$	1,059,041	$	3,260