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DEPOSITS
12 Months Ended
Dec. 31, 2019
DEPOSITS.  
DEPOSITS

NOTE 8 – DEPOSITS

Deposit account balances as of December 31, 2019 and 2018 are summarized as follows:

 

 

 

 

 

 

 

 

 

 

December 31, 

(Dollars in thousands)

    

2019

    

2018

Noninterest-bearing demand deposits

 

$

292,008

 

$

299,182

NOW accounts and savings

 

 

54,550

 

 

58,903

Money market

 

 

179,159

 

 

62,358

Brokered time deposits

 

 

 —

 

 

53,477

Time deposits less than $250,000

 

 

582,964

 

 

554,279

Time deposits $250,000 or greater

 

 

198,696

 

 

216,033

Total deposits

 

$

1,307,377

 

$

1,244,232

 

Maturities of time deposits at December 31, 2019 are summarized as follows:

 

 

 

 

 

(Dollars in thousands)

 

 

Year Ended December 31,

    

 

 

2020

 

$

770,765

2021

 

 

5,045

2022

 

 

3,861

2023

 

 

918

2024

 

 

1,071

Total time deposits

 

$

781,660

 

At December 31, 2019 and 2018, overdraft demand deposits reclassified to loans totaled $355,000 and $127,000, respectively.

The Company held related party deposits of approximately $5.0 million and  $3.2 million at December 31, 2019 and 2018, respectively.