Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.20.4
DEPOSITS
 12 Months Ended
Dec. 31, 2020
Regulatory matters [Abstract]  
DEPOSITS
Note 10
DEPOSITS
 
 
The composition of the Company's interest bearing deposits at December
 
31 was as follows:
(Dollars in Thousands)
2020
2019
NOW Accounts
$
1,046,408
$
902,499
Money Market Accounts
266,649
217,839
Savings Deposits
474,100
374,396
Time Deposits
101,594
106,021
Total Interest Bearing
 
Deposits
$
1,888,751
$
1,600,755
At December 31, 2020 and 2019, $
0.7
 
million and $
1.6
 
million, respectively,
 
in overdrawn deposit accounts were reclassified as
loans.
 
Time deposits that meet or exceed the
 
FDIC insurance limit of $250,000 totaled $
8.5
 
million and $
7.0
 
million at December 31,
2020 and December 31, 2019, respectively.
 
At December 31, the scheduled maturities of time
 
deposits were as follows:
(Dollars in Thousands)
2020
2021
$
83,989
2022
10,282
2023
3,812
2024
1,674
2025 and thereafter
1,837
Total
$
101,594
Interest expense on deposits for the three years ended
 
December 31, was as follows:
(Dollars in Thousands)
2020
2019
2018
NOW Accounts
$
930
$
5,502
$
3,152
Money Market Accounts
223
946
675
Savings Deposits
207
182
172
Time Deposits < $250,000
179
201
234
Time Deposits > $250,000
9
9
10
Total
$
1,548
$
6,840
$
4,243