DEPOSITS

12 Months Ended

Dec. 31, 2021

Deposits at December 31, 2021 and December 31, 2020, are summarized as follows:


	December 31, 2021		December 31, 2020
	(In thousands)
Non -interest bearing deposits	$	44,894	$	44,195
NOW and demand accounts	363,419		317,974
Savings	364,932		276,584
Time deposits	473,795		717,431
Total	$	1,247,040	$	1,356,184

Included within the NOW and demand account caption, as well as the savings caption above are money market accounts with varying transactional limits.

Time deposits mature as follows for the year ending December 31:


	(In thousands)
2022	$	304,656
2023	121,643
2024	34,911
2025	6,499
2026	6,086
	$	473,795

Time deposits that meet or exceed the FDIC insurance limit of $250,000 at December 31,2021 and 2020, were $47.3 million and $96.1 million, respectively. As of December 31, 2021 and 2020, the Company had $2.4 million and $3.6 million respectively, in related party (principal officers, directors, and their affiliates) deposits.