XML 27 R17.htm IDEA: XBRL DOCUMENT v3.20.2
DEPOSITS
 9 Months Ended
Sep. 30, 2020
Banking and Thrift [Abstract]  
Deposits DEPOSITS
Deposits consist of the following:
(dollars in thousands)September 30, 2020December 31, 2019
Balance%Balance%
Noninterest-bearing demand$360,839 20.28 %$241,174 15.95 %
Interest-bearing:
Demand635,176 35.69 %523,802 34.65 %
Money market deposits329,617 18.52 %283,438 18.75 %
Savings90,514 5.09 %69,254 4.58 %
Certificates of deposit363,460 20.42 %394,169 26.07 %
Total interest-bearing1,418,767 79.72 %1,270,663 84.05 %
Total Deposits$1,779,606 100.00 %$1,511,837 100.00 %
The aggregate amount of certificates of deposit that exceed the FDIC insurance limit of $250,000 at September 30, 2020 and December 31, 2019 was $67.1 million and $86.6 million, respectively.
The Company monitors all customer deposit concentrations at or above 2% of total deposits. At September 30, 2020, the Bank had two customer deposit relationships that exceeded 2% of total deposits, totaling $317.9 million which represented 17.9% of total deposits. At December 31, 2019, the Bank had two customer deposit relationships that exceeded 2% of total deposits, totaling $297.1 million which represented 19.6% of total deposits. The reported concentrations at September 30, 2020 and December 31, 2019 were with local municipal agencies.