Deposits (Tables)

9 Months Ended

Sep. 30, 2020

Banking and Thrift, Other Disclosures [Abstract]

Schedule of deposits

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

	September 30,		December 31,
	2020		2019
Deposits - interest bearing	$	23,109,438	$	24,282,906
Deposits - non-interest bearing	485		1,077
Total deposits	$	23,109,923	$	24,283,983

Interest bearing deposits

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

	September 30, 2020				December 31, 2019
	Amount		Qtr.-End Weighted Average Stated Rate(1)		Amount		Year-End Weighted Average Stated Rate(1)
Money market	$	10,003,940	0.90	%	$	9,616,547	2.04	%
Savings	866,611		0.69		718,616		1.71
Certificates of deposit	12,238,887		1.41		13,947,743		2.44
Deposits - interest bearing	$	23,109,438			$	24,282,906

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