DEPOSITS

3 Months Ended

Mar. 31, 2022

DEPOSITS

DEPOSITS

NOTE 5 — DEPOSITS

Major classifications of deposits at March 31, 2022 and December 31, 2021 consisted of:

(Dollars in thousands)	March 31,		December 31,
	2022		2021
Non-interest bearing demand	$	241,600	$	249,040
Interest bearing demand		367,113		395,033
Savings		270,095		260,804
Time certificates of deposits less than $250,000		152,770		158,914
Time certificates of deposits $250,000 or greater		12,527		13,030
Other time		1,372		1,148
Total deposits	$	1,045,477	$	1,077,969

Total deposits decreased $32,492,000 to $1,045,477,000 as of March 31, 2022 due to decreases in non-interest bearing, interest bearing demand and time deposits. The decrease in deposits was mainly the result of a $42,476,000 decrease in highly rate sensitive deposits and other normal fluctuations in deposits during the three months ended March 31, 2022.