Deposits

Deposits: At December 31, 2019, the scheduled maturities of certificates of deposit are as follows:



(In Thousands)
2020		$90,554
2021	68,060
2022	2,674
2023	928
2024	462
Thereafter	1,794
Total		$164,472

The Company offers the Certificate of Deposit Account Registry Service® (CDARS®) and Insured Cash Sweep® (ICS®) service as a member of Promontory Interfinancial Network, LLCSM (Network). When a Network member places a deposit using CDARS, that certificate of deposit is divided into amounts under the standard FDIC insurance maximum ($250,000) and is allocated among member banks, making the large deposit eligible for FDIC insurance. The ICS service allows the Company to place customers’ funds through the Network into demand deposit accounts and/or money market accounts at FDIC-insured banks that are also members of the ICS Network in increments below the standard FDIC insurance maximum ($250,000) so that both principal and interest are eligible for FDIC insurance. In addition to customer deposit placement, the CDARS and ICS service also allows placement of the Bank's own investment dollars. The Company had $1.2 million CDARS certificates of deposits and $44.4 million ICS deposits at December 31, 2019 and no CDARS certificates of deposits or ICS deposits at December 31, 2018.

At December 31, 2019 and 2018, the Company did not hold any certificates of deposit from a public entity collateralized by letters of credit issued by the FHLB. At December 31, 2019 and 2018, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2019 and 2018, the Company held $1.6 million and $2.7 million, in deposits for related parties, including directors, executive officers, and their affiliates.

Interest expense: Interest expense on deposits is presented below:



(In Thousands)	2019		2018		2017
Interest-bearing demand accounts		$182		$8		$21
Money market accounts	1,435		855		472
Savings accounts	1,083		744		520
Certificates of deposit $250,000 and greater	1,310		472		480
Certificates of deposit less than $250,000	951		228		214
Total		$4,961		$2,307		$1,707