Note 8 - Deposits

12 Months Ended

Dec. 31, 2020

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)	2020								2019
	Weighted								Weighted
Type of accounts	average rate			Amount		Percent			average rate			Amount		Percent
Non-interest bearing deposits		—		$	193,752		21.7	%		—		$	148,842		18.9	%
Interest bearing demand deposits		0.42	%		511,928		57.3	%		0.76	%		420,515		53.4	%
Time deposits		2.03	%		187,947		21.0	%		2.17	%		217,767		27.7	%
Total		0.67	%	$	893,627		100.0	%		1.01	%	$	787,124		100.0	%

Scheduled maturities of time deposits for the next

five

years and thereafter are as follows:

(Dollar amounts in thousands)	Amount		Percent
2021	$	76,091		40.5	%
2022		24,022		12.8	%
2023		41,622		22.1	%
2024		35,659		18.9	%
2025		6,503		3.5	%
Thereafter		4,050		2.2	%
Total	$	187,947		100.0	%

The Corporation had a total of

$58.7

million and

$67.9

 million in time deposits of

$250,000

or more at

December 

31,

2020

 and

2019,

 respectively. Scheduled maturities of time deposits of

$250,000

or more at

December 

31,

2020

 are as follows:

(Dollar amounts in thousands)	Amount
Three months or less	$	6,894
Over three months to six months		3,902
Over six months to twelve months		20,538
Over twelve months		27,374
Total	$	58,708