Note 8 - Deposits

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

8. Deposits

The following table summarizes the Corporation’s deposits as of

December 31:

(Dollar amounts in thousands)	2019								2018
	Weighted								Weighted
Type of accounts	average rate			Amount		Percent			average rate			Amount		Percent
Non-interest bearing deposits		—		$	148,842		18.9	%		—		$	148,893		19.5	%
Interest bearing demand deposits		0.76	%		420,515		53.4	%		0.52	%		391,054		51.4	%
Time deposits		2.17	%		217,767		27.7	%		1.84	%		221,599		29.1	%
Total		1.01	%	$	787,124		100.0	%		0.80	%	$	761,546		100.0	%

Scheduled maturities of time deposits for the next

five

years and thereafter are as follows:

(Dollar amounts in thousands)	Amount		Percent
2020	$	66,039		30.3	%
2021		54,923		25.2	%
2022		17,110		7.9	%
2023		39,096		17.9	%
2024		34,382		15.8	%
Thereafter		6,217		2.9	%
Total	$	217,767		100.0	%

The Corporation had a total of

$67.9

 million and

$61.2

 million in time deposits of

$250,000

or more at

December 

31,

2019

 and

2018,

 respectively. Scheduled maturities of time deposits of

$250,000

or more at

December 

31,

2019

 are as follows:

(Dollar amounts in thousands)	Amount
Three months or less	$	6,036
Over three months to six months		9,844
Over six months to twelve months		6,749
Over twelve months		45,292
Total	$	67,921