DEPOSITS

6 Months Ended

Jun. 30, 2020

DEPOSITS

DEPOSITS

NOTE 5 — DEPOSITS

Major classifications of deposits at June 30, 2020 and December 31, 2019 consisted of:

(Dollars in thousands)	June 30,		December 31,
	2020		2019
Non-interest bearing demand	$	185,835	$	134,648
Interest bearing demand		245,741		218,847
Savings		205,348		173,069
Time certificates of deposits less than $250,000		189,439		210,916
Time certificates of deposits $250,000 or greater		16,773		23,006
Other time		1,590		1,142
Total deposits	$	844,726	$	761,628

Total deposits increased $83,098,000 to $844,726,000 as of June 30, 2020 due to increases in non-interest bearing, interest bearing and savings deposits. The increase in deposits was the result of many different factors including the deposit of at least $19,000,000 in stimulus funds, via check or ACH, and $31,396,000 in PPP loan proceeds.