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Deposits
12 Months Ended
Dec. 31, 2021
Deposits [Abstract]  
Deposits Deposits
The aggregate amount of time deposits with balances that met or exceeded the Federal Deposit Insurance Corporation (FDIC) insurance limit of $250,000 was $69.1 million and $91.3 million at December 31, 2021 and 2020, respectively. The Company had brokered deposits totaling $20.2 million and $40.2 million at December 31, 2021 and 2020, respectively.
The scheduled maturities of total time deposits at December 31, 2021 were as follows:
(in thousands)
Due within:
2022$194,932 
202343,530 
20244,020 
20251,347 
20261,567 
Thereafter— 
Total$245,396 
Average compensating balances held at correspondent banks were $1.9 million and $1.5 million at December 31, 2021 and 2020, respectively. The Bank maintains such compensating balances with correspondent banks to offset charges for services rendered by those banks.