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DEPOSITS
6 Months Ended
Jun. 30, 2022
DEPOSITS  
DEPOSITS

NOTE 8 - DEPOSITS

Deposits are summarized as follows at June 30, 2022 and December 31, 2021:

​

​

​

​

​

​

​

​

​

    

June 30, 

    

December 31, 

​

​

2022

    

2021

Noninterest-bearing checking (4)

​

$

571,942

​

$

564,360

Interest-bearing checking (1)(4)

​

 

158,607

​

 

228,024

Savings

​

 

156,313

​

 

193,922

Money market (2)

​

 

680,246

​

 

552,357

Certificates of deposit less than $100,000 (3)

​

 

262,199

​

 

186,974

Certificates of deposit of $100,000 through $250,000

​

 

116,559

​

 

116,206

Certificates of deposit of $250,000 and over

​

 

53,812

​

 

57,512

Escrow accounts related to mortgages serviced

​

 

16,422

​

 

16,389

Total

​

$

2,016,100

​

$

1,915,744

________________________

(1)Includes $1.2 million and $90.0 million of brokered deposits at June 30, 2022 and December 31, 2021, respectively.
(2)Includes $78.8 million and $5.0 million of brokered deposits at June 30, 2022 and December 31, 2021, respectively.
(3)Includes $180.3 million and $97.6 million of brokered deposits at June 30, 2022 and December 31, 2021, respectively.
(4)Prior presentation of interest-bearing checking balances was revised due to misclassification of certain checking products in previous periods.  As a result of the misclassification, interest-bearing checking balances of $121.2 million as of December 31, 2021, were reclassified to noninterest-bearing checking for comparative purposes.  Balances as of the dates and average values included herein have been updated to reflect the reclassification.

Scheduled maturities of time deposits at June 30, 2022 for future periods ending are as follows:

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​

​

​

​

​

    

At June 30, 2022

Maturing in 2022

​

$

200,760

Maturing in 2023

​

​

101,038

Maturing in 2024

​

​

44,119

Maturing in 2025

​

​

56,716

Maturing in 2026

​

​

17,951

Thereafter

​

​

11,986

Total

​

$

432,570

​

Interest expense by deposit category for the three and six months ended June 30, 2022 and 2021 is as follows:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

    

Six Months Ended

​

​

June 30, 

​

June 30, 

​

​

2022

    

2021

    

2022

    

2021

Interest-bearing checking

​

$

92

​

$

48

​

$

253

​

$

98

Savings and money market

​

 

711

​

 

416

​

 

1,094

​

 

884

Certificates of deposit

​

 

754

​

 

1,406

​

 

1,495

​

 

2,870

Total

​

$

1,557

​

$

1,870

​

$

2,842

​

$

3,852

​