Note 7 - Deposits

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note

DEPOSITS

The following table summarizes deposits

by major category at

December

31,

2019

and

2018:

	December 31,
(in thousands)	2019		2018
Demand (non-interest bearing)	$	179,465	$	156,600
Interest-bearing:
Interest-bearing demand		534,677		557,803
Savings		94,530		92,078
Time ($250,000 and over)		48,425		56,659
Other time		144,612		232,489
Total interest-bearing		822,244		939,029
Total deposits	$	1,001,709	$	1,095,629

The aggregate amount of deposits reclassified as loans was

$62

thousand at

December 31, 2019

and

$36

thousand at

December 31, 2018.

Management evaluates transaction accounts that are overdrawn for collectability as part of its evaluation for credit losses. During

2019

and

2018,

deposits were received on terms other than those available in the normal course of business.

The following table summarizes scheduled maturities of time deposits, including certificates of deposit and individual retirement accounts, at

December 31,

2019

	$250,000		Other
(in thousands)	and Over		Time Deposits		Total
2020		41,009		93,903		134,912
2021		6,126		38,823		44,949
2022		1,290		5,547		6,837
2023		-		2,687		2,687
2024				3,652		3,652
2025 and thereafter		-		-		-
Total	$	48,425	$	144,612	$	193,037

Investment securities with a carrying value of

$235.0

million and

$286.4

million at

December 31, 2019

and

2018,

respectively, were pledged to collateralize certain municipal deposits. In addition, FNCB had outstanding letters of credit with the FHLB to secure municipal deposits of

$60.0

million and

$47.5

million at

December 31, 2019

and

2018,

respectively.