Annual report pursuant to Section 13 and 15(d)

Note 8 - Deposits

v3.23.1
Note 8 - Deposits
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

Note 8 Deposits

The aggregate amount of retail and brokered certificates of deposit with a balance of $250 thousand or more was approximately $93.6 million at December 31, 2022 and $36.9 million at December 31, 2021.

 

At December 31, 2022, scheduled maturities of retail and brokered certificates of deposit were as follows:

 

     

(Dollars in thousands)

 
     

Retail

   

Brokered

   

Total

 
2023     $ 258,266     $ 10,000     $ 268,266  
2024       48,013       10,000       58,013  
2025       10,815       20,000       30,815  
2026       2,558       -       2,558  
2027       3,151       -       3,151  

Thereafter

      315       -       315  

Total

    $ 323,118     $ 40,000     $ 363,118  

 

The Bancorp’s end-of-period deposit portfolio balances were as follows:

 

   

December 31,

   

December 31,

 

(Dollars in thousands)

 

2022

   

2021

 
   

Balance

   

Balance

 
                 

Checking

  $ 755,377     $ 629,038  

Savings

    402,365       293,976  

Money market

    254,157       271,970  

Certificates of deposit

    363,118       239,217  

Total deposits

  $ 1,775,017     $ 1,434,201  

 

As of December 31, 2022, and 2021, approximately $516.1 million and $452.0 million, respectively, of our deposit portfolio was uninsured.