Annual report pursuant to Section 13 and 15(d)

Deposits

v3.20.4
Deposits
12 Months Ended
Dec. 31, 2020
Deposits By Component Alternative [Abstract]  
Deposits

NOTE 10. DEPOSITS

The following table sets forth the Company’s deposits by category:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(Dollars in thousands)

 

Noninterest-bearing demand deposits

 

$

727,543

 

 

$

444,822

 

Interest-bearing demand deposits

 

 

472,075

 

 

 

370,467

 

Interest-bearing NOW accounts

 

 

10,288

 

 

 

28,204

 

Savings and money market accounts

 

 

610,571

 

 

 

404,886

 

Time deposits

 

 

638,658

 

 

 

679,747

 

Total deposits

 

$

2,459,135

 

 

$

1,928,126

 

Time deposits $100,000 and greater

 

$

515,738

 

 

$

333,464

 

Time deposits $250,000 and greater

 

 

190,236

 

 

 

204,389

 

Related party deposits (executive officers and directors)

 

 

18,767

 

 

 

23,150

 

 

The aggregate amount of overdraft demand deposits reclassified to loans was $88 thousand and $129 thousand at December 31, 2020 and 2019, respectively. The aggregate amount of maturities for time deposits for each of the five

years following the latest balance sheet date totalled $520.5 million, $89.7 million, $15.0 million, $5.5 million and $7.9 million, respectively.

 

The Company held no brokered certificates of deposit as of December 31, 2020.  The Company held brokered certificates of deposit of $6.0 million at December 31, 2019.