XML 24 R15.htm IDEA: XBRL DOCUMENT v3.22.2
DEPOSITS
 6 Months Ended
Jun. 30, 2022
Deposits, by Type [Abstract]  
Deposits DEPOSITS
Deposits consist of the following:
June 30, 2022December 31, 2021
(dollars in thousands)Balance%Balance%
Noninterest-bearing demand$635,649 30.48 %$445,778 21.68 %
Interest-bearing:
Demand635,344 30.47 %790,481 38.45 %
Money market deposits380,712 18.26 %372,717 18.13 %
Savings119,363 5.72 %119,767 5.82 %
Certificates of deposit314,308 15.07 %327,421 15.92 %
Total interest-bearing1,449,727 69.52 %1,610,386 78.32 %
Total Deposits$2,085,376 100.00 %$2,056,164 100.00 %
The aggregate amount of certificates of deposit that exceed the FDIC insurance limit of $250,000 at June 30, 2022 and December 31, 2021 was $56.7 million and $57.6 million, respectively.
The Company monitors all customer deposit concentrations at or above 2% of total deposits. At June 30, 2022, the Bank had two customer deposit relationships that exceeded 2% of total deposits, totaling $310.7 million which represented 14.9% of total deposits. At December 31, 2021, the Bank had two customer deposit relationships that exceeded 2% of total deposits, totaling $335.6 million which represented 16.3% of total deposits. These concentrations were with local municipal agencies.