Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.22.0.1
DEPOSITS
 12 Months Ended
Dec. 31, 2021
Deposits [Abstract]  
DEPOSITS
Note 10
DEPOSITS
The composition of the Company's interest bearing deposits at December 31 was as follows:
(Dollars in Thousands)
2021
2020
NOW Accounts
$
1,070,154
$
1,046,408
Money Market Accounts
274,611
266,649
Savings Deposits
599,811
474,100
Time Deposits
99,374
101,594
Total Interest Bearing
 
Deposits
$
2,043,950
$
1,888,751
At December 31, 2021 and 2020, $
1.1
 
million and $
0.7
 
million, respectively, in
 
overdrawn deposit accounts were reclassified as
loans.
The amount of time deposits that meet or exceed the FDIC insurance limit of $250,000
 
totaled $
10.0
 
million and $
8.5
 
million at
December 31, 2021 and 2020, respectively.
At December 31, the scheduled maturities of time deposits were as follows:
(Dollars in Thousands)
2021
2022
$
81,504
2023
9,453
2024
4,885
2025
1,877
2026 and thereafter
1,655
Total
$
99,374
Interest expense on deposits for the three years ended December 31, was as follows:
(Dollars in Thousands)
2021
2020
2019
NOW Accounts
$
294
$
930
$
5,502
Money Market Accounts
134
223
946
Savings Deposits
263
207
182
Time Deposits < $250,000
145
179
201
Time Deposits > $250,000
3
9
9
Total
$
839
$
1,548
$
6,840