DEPOSITS

3 Months Ended

Mar. 31, 2023

DEPOSITS

DEPOSITS

NOTE 5 — DEPOSITS

Major classifications of deposits at March 31, 2023 and December 31, 2022 consisted of:

(Dollars in thousands)	March 31,		December 31,
	2023		2022
Non-interest bearing demand	$	229,621	$	231,754
Interest bearing demand		284,281		335,559
Savings		234,946		260,086
Time certificates of deposits less than $250,000		173,287		151,575
Time certificates of deposits $250,000 or greater		24,454		13,400
Other time		1,326		1,125
Total deposits	$	947,915	$	993,499

Total deposits decreased $45,584,000 to $947,915,000 as of March 31, 2023 due to decreases in non-interest bearing demand, interest bearing demand and savings deposits. The decrease in deposits was mainly the result of a $38,711,000 decrease in municipal deposits and other normal fluctuations in deposits during the three months ended March 31, 2023.