Deposits (Tables)

12 Months Ended

Dec. 31, 2019

Deposits

Schedule of major classifications of interest-bearing deposits

The following table summarizes the major classifications of deposit balances as of the dates indicated:

	December 31,
	2019		2018
(dollars in thousands)
Noninterest-bearing deposits	$	107,158	$	101,369
Interest-bearing deposits:
Interest-bearing checking		32,171		26,654
Money Market		17,253		18,564
Savings		82,845		84,097
Time deposits, $100,000 or more		34,736		41,665
Time deposits below $100,000		47,277		50,104
Total interest- bearing deposits		214,282		221,084
Total Deposits	$	321,440	$	322,453

Schedule of interest expense on deposit

	2019		2018
(dollars in thousands)
Interest-bearing checking	$	8	$	8
Money Market		10		10
Savings		57		62
Time deposits, $100,000 or more		622		704
Time deposits below $100,000		652		564
Total Interest Expense	$	1,349	$	1,348

Schedule of scheduled maturities of time deposits

(dollars in thousands)	Amount
Maturing in:
2020	$	50,170
2021		12,116
2022		3,875
2023		5,351
2024		9,480
2025 and thereafter		1,021
Total Time Deposits	$	82,013