Deposits

6 Months Ended

Jun. 30, 2023

Deposits

Deposits

6.    Deposits

Deposits balances are summarized as follows:

	June 30,		December 31,
	2023		2022
Non-interest bearing demand deposits	$	256,245	$	283,563
Interest bearing accounts:
NOW		141,537		156,285
Savings		159,985		176,916
Money market		229,540		296,787
Time certificates of deposit		290,149		216,382
Total interest bearing accounts		821,211		846,370
Total deposits	$	1,077,456	$	1,129,933

The Company has established a relationship to participate in a reciprocal deposit program with other financial institutions. The reciprocal deposit program provides access to FDIC-insured deposit products in aggregate amounts exceeding the current limits for depositors. At June 30, 2022 and December 31, 2022, total reciprocal deposits were $34,732 and $10,023. Included in time certificates of deposit at June 30, 2023 and December 31, 2022 were reciprocal deposits totaling $31,786 and $10,023, respectively, with original maturities of one to three years. Reciprocal deposits included in money market accounts totaled $2,946 and $0 at June 30, 2023 and December 31, 2022, respectively.

Time deposits included brokered deposits of $32,801 and $34,041 at June 30, 2023 and December 31, 2022, respectively. Time certificates of deposit in denominations of $250 or greater were $58,169 and $38,897 as of June 30, 2023 and December 31, 2022, respectively.

Contractual maturities of time certificates of deposit at June 30, 2023 are summarized below:

	June 30,
	2023
Within 1 year	$	273,402
1 – 2 years		12,438
2 – 3 years		1,636
3 – 4 years		1,306
4 – 5 years		1,367
Total	$	290,149