Deposits

12 Months Ended

Dec. 31, 2020

NOTE 9 – Deposits

The following is a detail of the deposit accounts:


	December 31,
(dollars in thousands)	2020		2019
Noninterest bearing	$	576,610		397,331
Interest bearing:
NOW accounts		268,739		228,680
Money market accounts		1,042,745		898,923
Savings		27,254		16,258
Time, less than $100,000		36,454		47,941
Time, $100,000 and over		190,956		286,991
Total deposits	$	2,142,758		1,876,124

At December 31, 2020 and 2019, time deposits greater than $250,000 were $130.9 million and $220.1 million, respectively.

Also, at December 31, 2020 and 2019, the Company had approximately $22.0 million and $67.4 million, respectively, of time deposits that were obtained outside of the Company’s primary market. Interest expense on time deposits greater than $100,000 was $4.6 million for the year ended December 31, 2020, $6.9 million for the year ended December 31, 2019, and $4.7 million for the year ended December 31, 2018.

Table of Contents

At December 31, 2020 the scheduled maturities of certificates of deposit are as follows:


(dollars in thousands)
2021	$	200,657
2022		13,244
2023		8,373
2024		2,370
2025 and after		2,766
	$	227,410