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Deposits (Tables)
9 Months Ended
Sep. 30, 2022
Deposits [Abstract]  
Schedule of deposit liabilities
At September 30, 2022 and December 31, 2021, deposits consisted of the following:
September 30, 2022December 31, 2021
(In thousands)
Noninterest bearing demand deposit accounts$380,365 $398,956 
Interest bearing accounts:
NOW115,200 119,479 
Money market836,564 954,674 
Savings183,576 193,631 
Time certificates of deposit770,997 457,258 
Total interest bearing accounts1,906,337 1,725,042 
Total deposits$2,286,702 $2,123,998 
Schedule of time deposits maturity schedule
Maturities of time certificates of deposit as of September 30, 2022 and December 31, 2021 are summarized below:
September 30, 2022December 31, 2021
(In thousands)
2022$240,999 $167,147 
2023380,639 179,520 
2024141,388 110,449 
20257,802 33 
2026109 109 
202760 — 
Total$770,997 $457,258 
Schedule of interest expense disclosure
The following table summarizes interest expense on deposits by account type for the three and nine months ended September 30, 2022 and 2021:
Three Months Ended
September 30,
Nine Months Ended September 30,
2022202120222021
(In thousands)
NOW$52 $51 $158 $148 
Money market2,346 1,053 4,672 2,944 
Savings474 96 678 313 
Time certificates of deposits1,220 1,187 2,773 4,840 
Total interest expense on deposits$4,092 $2,387 $8,281 $8,245