Deposits (Tables)

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Composition of Deposits

The composition of deposits is as follows:

	As of December 31,
	2020		2019
Non-interest bearing checking	$	98,970	$	62,768
Interest bearing checking		30,630		25,432
Money market		103,724		65,999
Statement savings accounts		58,895		47,981
Certificates of deposit		87,629		142,416
Total	$	379,848	$	344,596

Interest Expense on Deposits

Interest expense on deposits is summarized as follows:

	Years ended December 31,
	2020		2019
Interest bearing checking	$	46	$	59
Money market		448		715
Statement savings accounts		58		66
Certificates of deposit		1,768		3,802
Total	$	2,320	$	4,642

Scheduled Maturities of Certificates of Deposit

The scheduled maturities of certificates of deposit are as follows:

2021		81,521
2022		3,938
2023		630
2024		860
2025		680
Total	$	87,629