XML 30 R16.htm IDEA: XBRL DOCUMENT v3.23.1
Deposits
 12 Months Ended
Dec. 31, 2022
Deposits [Abstract]  
Deposits Deposits
The aggregate amount of time deposits with balances that met or exceeded the FDIC insurance limit of $250,000 was $94.9 million and $69.1 million at December 31, 2022 and 2021, respectively. The Company had brokered deposits totaling $40.1 million and $20.2 million at December 31, 2022 and 2021, respectively.
The scheduled maturities of total time deposits at December 31, 2022 were as follows:
(in thousands)
Due within:
2023$182,953 
202458,224 
20255,998 
20261,842 
20276,017 
Thereafter— 
Total$255,034 
Average compensating balances held at correspondent banks were $0.5 million and $1.9 million at December 31, 2022 and 2021, respectively. The Bank maintains such compensating balances with correspondent banks to offset charges for services rendered by those banks.