Deposits

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Deposits

9. Deposits

The following table summarizes deposits as of December 31, 2023 and 2022:

(in thousands)	December 31, 2023			December 31, 2022
		Balance	Percent		Balance	Percent
Non-Interest-bearing deposits:	$	427,670	28%	$	506,613	32%
Interest-bearing deposits:
Demand		350,860	22%		327,685	21%
Money market		385,649	25%		365,192	23%
Savings deposits		191,265	12%		250,720	16%
Time deposits- retail		165,533	11%		120,523	8%
Time deposits- brokered		30,000	2%		—	0%
Total Deposits	$	1,550,977	100%	$	1,570,733	100%

Time deposits that meet or exceed the FDIC insurance limit of $250,000 at December 31, 2023 and 2022 were $48.8 million and $37.5 million, respectively.  At December 31, 2023 and 2022, $0.4 million and $0.3 million, respectively, of deposit overdrafts were re-classified as loans.

The following is a summary of the scheduled maturities of all time deposits maturing within years ended  December 31:

(in thousands)	Time deposits- brokered		Time deposits- retail
2024	$	30,000	$	146,683
2025		—		13,990
2026		—		4,154
2027		—		491
2028		—		170
Thereafter		—		45
Total	$	30,000	$	165,533

In the ordinary course of business, executive officers and directors of the Corporation, including their families and companies in which certain directors are principal owners, were deposit customers of the Bank. At December 31, 2023, executive officers and directors had approximately $17.2 million in deposits with the Bank compared to $14.0 million at December 31, 2022.