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DEPOSITS
12 Months Ended
Dec. 31, 2021
DEPOSITS  
DEPOSITS

NOTE 9 - DEPOSITS

The following presents the Company’s interest bearing deposits as of December 31, 2021 and 2020 (in thousands):

December 31, 

December 31, 

    

2021

    

2020

Money market deposit accounts

$

1,056,669

$

847,430

Time deposits

 

170,491

 

172,682

Negotiable order of withdrawal accounts

 

309,940

 

113,052

Savings accounts

 

32,299

 

5,289

Total interest-bearing deposits

$

1,569,399

$

1,138,453

Aggregate time deposits of $250 or greater

$

75,747

$

73,401

Deposits acquired through acquisitions on December 31, 2021 and May 15, 2020 totaled $379.2 million and $63.1 million, respectively. See Note 2 – Acquisitions.

Overdraft balances classified as loans totaled an immaterial amount and $0.1 million as of December 31, 2021 and 2020, respectively.

The following presents the scheduled maturities of all time deposits for the next five years ending December 31 (in thousands):

Year Ending December 31,

    

Time Deposits

2022

$

114,073

2023

 

31,597

2024

 

4,461

2025

 

1,909

2026

 

18,428

Thereafter

 

23

Total

$

170,491