Annual report pursuant to Section 13 and 15(d)

Deposits (Tables)

v3.22.0.1
Deposits (Tables)
12 Months Ended
Dec. 31, 2021
Deposits [Abstract]  
Scheduled Maturities of Time Deposits

 

At December 31, 2021, the scheduled maturities of time deposits are as follows:

 

Year Ending December 31,

 

Time

Deposits of

$250,000

or More

 

 

Other Time

Deposits

 

 

Total

 

 

 

(in thousands)

 

2022

 

$

206,478

 

 

$

672,821

 

 

$

879,299

 

2023

 

 

1,522

 

 

 

40,564

 

 

 

42,086

 

2024

 

 

 

 

 

60,854

 

 

 

60,854

 

2025

 

 

265

 

 

 

1,919

 

 

 

2,184

 

2026 & thereafter

 

 

262

 

 

 

2,503

 

 

 

2,765

 

Total

 

$

208,527

 

 

$

778,661

 

 

$

987,188

 

 

Summary of Interest Expense on Deposits

A summary of interest expense on deposits was as follows for the periods indicated:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Demand: interest-bearing

 

$

61

 

 

$

70

 

 

$

116

 

Money market and savings

 

 

5,199

 

 

 

11,016

 

 

 

23,556

 

Time deposits of $250,000 or more

 

 

726

 

 

 

3,521

 

 

 

6,338

 

Other time deposits

 

 

5,669

 

 

 

19,387

 

 

 

33,095

 

Total interest expense on deposits

 

$

11,655

 

 

$

33,994

 

 

$

63,105