Deposits (Tables)

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
(dollars in thousands)
Noninterest-bearing deposits	$	132,626	$	107,158
Interest-bearing deposits:
Interest-bearing checking		32,601		32,171
Money Market		19,077		17,253
Savings		97,036		82,845
Time deposits, $100,000 or more		28,270		34,736
Time deposits below $100,000		40,010		47,277
Total interest- bearing deposits		216,994		214,282
Total Deposits	$	349,620	$	321,440

Schedule of interest expense on deposit

	2020		2019
(dollars in thousands)
Interest-bearing checking	$	9	$	8
Money Market		9		10
Savings		60		57
Time deposits, $100,000 or more		440		622
Time deposits below $100,000		525		652
Total Interest Expense	$	1,043	$	1,349

Schedule of scheduled maturities of time deposits

(dollars in thousands)	Amount
Maturing in:
2021	$	37,252
2022		10,722
2023		5,743
2024		9,039
2025		4,172
2026 and thereafter		1,352
Total Time Deposits	$	68,280