Deposits (Tables)

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Schedule of deposits

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

	December 31,
	2020		2019
Deposits - interest bearing	$	22,664,899	$	24,282,906
Deposits - non-interest bearing	1,140		1,077
Total deposits	$	22,666,039	$	24,283,983

Interest bearing deposits

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

	December 31, 2020				December 31, 2019
	Amount		Year-End Weighted Average Stated Rate(1)		Amount		Year-End Weighted Average Stated Rate(1)
Money market	$	10,159,657	0.83	%	$	9,616,547	2.04	%
Savings	907,976		0.55		718,616		1.71
Certificates of deposit	11,597,266		1.34		13,947,743		2.44
Deposits - interest bearing	$	22,664,899			$	24,282,906

        ___

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

Schedule of maturities of time deposits

Certificates of deposit remaining maturities are summarized as follows:

	December 31,
	2020		2019
One year or less	$	5,728,556	$	4,934,933
After one year to two years	3,363,022		4,279,406
After two years to three years	1,603,229		2,807,297
After three years to four years	553,911		1,285,504
After four years to five years	300,346		548,492
After five years	48,202		92,111
Total	$	11,597,266	$	13,947,743