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Deposits and Borrowings (Tables)

3 Months Ended

Mar. 31, 2022

The following tables show the components of the Company’s funding sources.


(Dollars in thousands)	March 31, 2022		December 31, 2021
Deposits:
Non-interest bearing demand deposits⁽¹⁾	$	495,811	$	488,838
Interest-bearing demand deposits⁽¹⁾		760,074		633,901
Savings deposits		114,427		101,376
Time deposits⁽²⁾		612,787		657,438
Total Deposits	$	1,983,099	$	1,881,553

Schedule of long-term debt


						March 31, 2022		December 31, 2021
(Dollars in thousands)	Stated Interest Rates		Weighted-Average Interest Rate			Carrying Value		Carrying Value
Long-term Debt:
Subordinated debt	5.75	%		5.75	%	$	24,845	$	24,728
FHLB advances	0.63% - 0.69	%		0.67	%		18,000		18,000
Total Long-term Debt:						$	42,845	$	42,728

(1) Overdraft demand deposits reclassified to loans totaled $1 thousand and $2 thousand at March 31, 2022 and December 31, 2021, respectively.

(2)	The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $246.0 million and $255.0 million at March 31, 2022 and December 31, 2021, respectively.

Schedule of carrying amount of time deposits and FHLB advances by contractual maturity

The following table shows the carrying amount of the Company’s time deposits and FHLB advances by contractual maturity as of March 31, 2022.


(Dollars in thousands)	March 31, 2022
2022	$	314,673
2023		238,509
2024		54,741
2025		2,111
2026		2,387
Thereafter⁽¹⁾		18,366
Total	$	630,787

(1)

Includes $18 million of FHLB advances, which were subsequently called by the FHLB during the second quarter of 2022.

- Definition

Tabular disclosure of type of deposit liability.

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+ Details

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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