Deposits

9 Months Ended

Sep. 30, 2020

Deposits [Abstract]

Deposits

NOTE 6 – DEPOSITS

The composition of deposits is summarized below:

	September 30, 2020		December 31, 2019
	(in thousands)
Non-interest bearing checking	$	91,103	$	62,768
Interest bearing checking		28,986		25,432
Money market		86,831		65,999
Statement savings		57,334		47,981
Certificates of deposit(1)		90,731		142,416
Total	$	354,985	$	344,596

(1)  Included in these amounts are brokered deposits of $10.5 million and $29.6 million as of September 30, 2020 and December 31, 2019, respectively.

The Company held $9.0 million and $16.3 million in certificates of deposit which met or exceeded the FDIC insurance limit of $250,000 as of September 30, 2020 and December 31, 2019, respectively.

The scheduled maturities of certificates of deposit are presented below:

	September 30, 2020
	(in thousands)
2020	$	24,979
2021		60,238
2022		3,466
2023		639
2024		862
Thereafter		547
Total	$	90,731