NOTE 12 – Deposits

The aggregate amount of certificates of deposit, each with a minimum denomination of $250,000, was approximately $6,985,816 at June 30, 2021 and $9,377,750 at June 30, 2020.

At June 30, 2021, the scheduled maturities of certificates of deposit are as follows:


2022	$	32,110,014
2023		7,601,999
2024		32,838,512
2025		101,576
2026		57,629
Thereafter		28,655
	$	72,738,385

The aggregate amount of overdrafts reclassified into loans was $20,725 at June 30, 2021 and $58,121 at June 30, 2020.

Deposits from directors and executive officers of the Company, and their related interests, totaled $825,785 and $914,214 at June 30, 2021 and June 30, 2020, respectively.