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Deposits (Tables)
12 Months Ended
Dec. 31, 2019
Deposits [Abstract]  
Summary of Deposits

Deposits are summarized as follows:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

(dollars in thousands)

 

Demand deposits (non-interest bearing)

 

$

630,593

 

 

$

494,492

 

Interest bearing checking

 

 

450,098

 

 

 

431,702

 

Money market

 

 

181,406

 

 

 

135,585

 

Savings

 

 

914,499

 

 

 

628,212

 

Retail certificates of deposit under $100,000

 

 

56,602

 

 

 

36,223

 

Retail certificates of deposit $100,000 or greater

 

 

118,596

 

 

 

57,692

 

Wholesale certificates of deposit

 

 

7,084

 

 

 

27,504

 

Total deposits

 

$

2,358,878

 

 

$

1,811,410

 

Scheduled Maturities of Certificates of Deposits

Certificates of deposit had the following schedule of maturities:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

(dollars in thousands)

 

Less than 3 months remaining

 

$

52,883

 

 

$

24,219

 

3 to 5 months remaining

 

 

47,701

 

 

 

17,486

 

6 to 11 months remaining

 

 

38,981

 

 

 

37,987

 

12 to 23 months remaining

 

 

31,501

 

 

 

28,529

 

24 to 47 months remaining

 

 

9,448

 

 

 

9,652

 

48 months or more remaining

 

 

1,768

 

 

 

3,546

 

Total certificates of deposit

 

$

182,282

 

 

$

121,419