Deposits (Tables)

6 Months Ended

Jun. 30, 2020

Banking and Thrift, Other Disclosures [Abstract]

Schedule of deposits

The following table summarizes total deposits at June 30, 2020 and December 31, 2019.

	June 30,		December 31,
	2020		2019
Deposits - interest bearing	$	23,590,147	$	24,282,906
Deposits - non-interest bearing	1,972		1,077
Total deposits	$	23,592,119	$	24,283,983

Interest bearing deposits

Interest bearing deposits at June 30, 2020 and December 31, 2019 are summarized as follows:

	June 30, 2020				December 31, 2019
	Amount		Qtr.-End Weighted Average Stated Rate(1)		Amount		Year-End Weighted Average Stated Rate(1)
Money market	$	9,774,119	0.99	%	$	9,616,547	2.04	%
Savings	817,229		0.97		718,616		1.71
Certificates of deposit	12,998,799		1.51		13,947,743		2.44
Deposits - interest bearing	$	23,590,147			$	24,282,906

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        ⁽¹⁾ Includes the effect of interest rate swaps in effective hedge relationships.