Deposits (Tables)

3 Months Ended

Mar. 31, 2021

Banking and Thrift, Other Disclosures [Abstract]

Schedule of deposits

The following table summarizes total deposits at March 31, 2021 and December 31, 2020.

	March 31,		December 31,
	2021		2020
Deposits - interest bearing	$	22,801,323	$	22,664,899
Deposits - non-interest bearing	1,820		1,140
Total deposits	$	22,803,143	$	22,666,039

Interest bearing deposits

Interest bearing deposits at March 31, 2021 and December 31, 2020 are summarized as follows:

	March 31, 2021				December 31, 2020
	Amount		Qtr.-End Weighted Average Stated Rate(1)		Amount		Year-End Weighted Average Stated Rate(1)
Money market	$	10,951,595	0.68	%	$	10,159,657	0.83	%
Savings	955,547		0.42		907,976		0.55
Certificates of deposit	10,894,181		1.24		11,597,266		1.34
Deposits - interest bearing	$	22,801,323			$	22,664,899

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