Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Deposits

NOTE 7 — Deposits

The composition of deposits is as follows: 

	As of December 31,
	2021		2020
Non-interest bearing checking	$	106,664	$	98,970
Interest bearing checking		37,467		30,630
Money market		94,823		103,724
Statement savings		64,954		58,895
Certificates of deposit (1)		80,593		87,629
Total	$	384,501	$	379,848

(1)  Included in these amounts are brokered deposits of $5.5 million at December 31, 2020. There were no brokered deposits at December 31, 2021.

Certificates of deposit that met or exceeded the FDIC insurance limit of $250 totaled $10.0 million and $8.7 million at December 31, 2021 and 2020, respectively.

Interest expense on deposits is summarized as follows:

	Years ended December 31,
	2021		2020
Interest bearing checking	$	36	$	46
Money market		261		448
Statement savings		35		58
Certificates of deposit		452		1,768
Total	$	784	$	2,320

The scheduled maturities of certificates of deposit are as follows:

2022	$	77,339
2023		1,351
2024		972
2025		581
2026		350
Total	$	80,593