Deposits (Tables)

6 Months Ended

Jun. 30, 2021

Banking and Thrift, Other Disclosures [Abstract]

Schedule of deposits

The following table summarizes total deposits at June 30, 2021 and December 31, 2020.

	June 30,		December 31,
	2021		2020
Deposits - interest bearing	$	21,121,810	$	22,664,899
Deposits - non-interest bearing	2,566		1,140
Total deposits	$	21,124,376	$	22,666,039

Interest bearing deposits

Interest bearing deposits at June 30, 2021 and December 31, 2020 are summarized as follows:

 

	June 30, 2021				December 31, 2020
	Amount		Qtr.-End Weighted Average Stated Rate(1)		Amount		Year-End Weighted Average Stated Rate(1)
Money market	$	10,910,755	0.67	%	$	10,159,657	0.83	%
Savings	958,052		0.42		907,976		0.55
Certificates of deposit	9,253,003		1.21		11,597,266		1.34
Deposits - interest bearing	$	21,121,810			$	22,664,899

____________

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