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Deposits (Tables)
9 Months Ended
Sep. 30, 2020
Banking And Thrifts [Abstract]  
Summarized Deposits

Deposits at September 30, 2020 and December 31, 2019 are summarized as follows:

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Demand (1)

 

$

186,328

 

 

$

109,548

 

Interest-bearing deposits:

 

 

 

 

 

 

 

 

NOW/IOLA accounts

 

 

29,618

 

 

 

32,866

 

Money market accounts

 

 

148,877

 

 

 

86,721

 

Reciprocal deposits

 

 

108,367

 

 

 

47,659

 

Savings accounts

 

 

120,883

 

 

 

115,751

 

Total NOW, money market, reciprocal and savings

 

 

407,745

 

 

 

282,997

 

Certificates of deposit of $250K or more

 

 

80,403

 

 

 

84,263

 

Brokered certificates of deposits (2)

 

 

55,878

 

 

 

76,797

 

Listing service deposits (2)

 

 

49,342

 

 

 

32,400

 

Certificates of deposit less than $250K

 

 

193,548

 

 

 

196,038

 

Total certificates of deposit

 

 

379,171

 

 

 

389,498

 

Total interest-bearing deposits

 

 

786,916

 

 

 

672,495

 

Total deposits

 

$

973,244

 

 

$

782,043

 

 

 

(1)

As of September 30, 2020, included in demand deposits are $41,934 related to net PPP funding and $884 related to Grain Technologies, LLC.

 

(2)

There were $26,888 in individual brokered certificates of deposit or listing service deposits amounting to $250 or more.

Scheduled Maturities of Certificates of Deposit

At September 30, 2020 scheduled maturities of certificates of deposit were as follows:

 

2021

 

$

233,867

 

2022

 

 

88,285

 

2023

 

 

26,150

 

2024

 

 

11,633

 

2025

 

 

15,236

 

Thereafter

 

 

4,000

 

 

 

$

379,171