NOTE 8 - DEPOSITS

Time deposits of $250 thousand or more were $43.3 million and $59.7 million at year-end 2019 and 2018, respectively.

At December 31, 2019, the scheduled maturities of time deposits for the next five years are as follows:


2020	$	160,003
2021		29,020
2022		12,040
2023		5,972
2024		5,431

Certain directors and executive officers of the Company and companies in whom they have beneficial ownership are deposit customers of the Bank. These deposits totaled approximately $2.8 million and $2.1 million at December 31, 2019 and 2018.