Deposits (Tables)

12 Months Ended

Dec. 31, 2019

Deposits

Schedule of 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

Schedule of maturities and average interest rate of certificates of deposits

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	%

Schedule of interest expense on deposits

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