Quarterly report pursuant to Section 13 or 15(d)

Deposits

v3.21.1
Deposits
3 Months Ended
Mar. 31, 2021
Deposits By Component Alternative [Abstract]  
Deposits

NOTE 9. DEPOSITS

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

 

 

 

March 31,

2021

 

 

December 31,

2020

 

 

 

(Dollars in thousands)

 

Noninterest-bearing demand deposits

 

$

800,233

 

 

$

727,543

 

Interest-bearing demand deposits

 

 

485,863

 

 

 

472,075

 

Interest-bearing NOW accounts

 

 

9,904

 

 

 

10,288

 

Savings and money market accounts

 

 

654,014

 

 

 

610,571

 

Time deposits

 

 

647,536

 

 

 

638,658

 

Total deposits

 

$

2,597,550

 

 

$

2,459,135

 

Time deposits $100,000 and greater

 

$

503,736

 

 

$

515,738

 

Time deposits $250,000 and greater

 

 

203,363

 

 

 

190,236

 

Related party deposits (executive officers and directors)

 

 

24,027

 

 

 

18,767

 

 

 

The aggregate amount of overdraft demand deposits reclassified to loans was $67 thousand and $88 thousand at March 31, 2021 and December 31, 2020, respectively. The aggregate amount of maturities for time deposits for each of the five years following the latest balance sheet date totaled $542.5 million, $79.6 million, $12.2 million, $6.7 million and $6.6 million, respectively. The Company held no brokered certificates of deposit as of March 31, 2021 and December 31, 2020.