Note 9 - Deposits -

Deposits at December 31 are summarized below (in thousands):


	2019			2018
	Amount		%	Amount		%
Passbook Savings	$	2,691	4.6	$	3,085	5.5
Money Market Accounts		106	0.2		102	0.2
Certificates of Deposit		55,248	95.2		52,996	94.3
	$	58,045	100.0	$	56,183	100.0

The weighted average interest rate on deposits at December 31, 2019 and 2018, was 1.91% and 1.97%, respectively.

Scheduled maturities and average interest rates of certificates of deposit at December 31, 2019 are summarized as follows (in thousands):


			Average
			Interest
	Amount		Rate %
2020	$	25,983	2.104	%
2021		10,611	2.086	%
2022		8,892	2.016	%
2023		2,611	2.588	%
2024		5,058	2.605	%
Thereafter		2,093	2.686	%
	$	55,248	2.177	%

The aggregate amount of time deposits with a denomination of greater than $250,000 was approximately $2,088,000 and $2,076,000 at December 31, 2019 and 2018, respectively. Generally, deposits in excess of $250,000 are not federally insured.

Interest expense on deposits for the years ended December 31 is summarized as follows:


(in thousands)	2019		2018
Passbook Savings	$	6	$	6
Money Market Accounts		—		1
Certificates of Deposit		1,255		921
	$	1,261	$	928