Deposits

12 Months Ended

Dec. 31, 2021

Deposits, by Type [Abstract]

Deposits

DEPOSITS

Deposits consist of the following:

(dollars in thousands)	December 31,
	2021		2020
Noninterest-bearing demand	$	445,778	$	362,079
Interest-bearing:
Savings	119,767		98,783
Demand deposits	790,481		590,159
Money market deposits	372,717		340,725
Certificates of deposit	327,421		353,856
Total interest-bearing	1,610,386		1,383,523
Total Deposits	$	2,056,164	$	1,745,602

As of December 31, 2021, and 2020, there were $30.5 million and $17.2 million, respectively in deposit accounts held by executive officers and directors and their related interests of the Bank and Company. During 2021, we corrected our analysis with respect to insider related parties and as a result include additional relationships such as those involving extended family members, resulting in an adjustment of $6.6 million and an increase to the previously reported $10.6 million balance of related party deposits at December 31, 2020.

The aggregate amount of certificates of deposit that exceed the FDIC insurance limit of $250,000 at December 31, 2021, and 2020 was $57.6 million and $64.3 million, respectively.

At December 31, 2021 the scheduled contractual maturities of certificates of deposit are as follows:

(dollars in thousands)	December 31, 2021
Within one year	$	256,854
Year 2	47,879
Year 3	8,454
Year 4	8,462
Year 5	5,772
	$	327,421