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DEPOSITS
6 Months Ended
Jun. 30, 2019
DEPOSITS  
DEPOSITS

NOTE 5 — DEPOSITS

Major classifications of deposits at June 30, 2019 and December 31, 2018 consisted of:

 

 

 

 

 

 

 

 

 

    

June 30, 

    

December 31, 

(Dollars in thousands)

 

2019

 

2018

Non-interest bearing demand

 

$

135,976

 

$

126,361

Interest bearing demand

 

 

174,960

 

 

180,328

Savings

 

 

180,392

 

 

167,572

Time certificates of deposits less than $250,000

 

 

193,495

 

 

172,550

Time certificates of deposits $250,000 or greater

 

 

20,316

 

 

23,597

Other time deposits

 

 

1,586

 

 

1,145

Total deposits

 

$

706,725

 

$

671,553

 

Total Deposits increased $35,172,000 to $706,725,000 as of June 30, 2019 due to increases in non-interest bearing, savings deposits, and time deposits. These increases were due to the Corporation accepting $20,000,00in brokered CD’s in the second quarter of 2019 and normal deposit fluctuations during the six months ended June 30, 2019.