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Deposits (Tables) | 3 Months Ended
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Mar. 31, 2020
Banking and Thrift [Abstract] |
Schedule of deposits | The following table summarizes total deposits at March 31, 2020 and December 31, 2019.
|  | March 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Deposits - interest bearing |  | $ | 24,443,963 |  |  |  | $ | 24,282,906 |  |
Deposits - non-interest bearing |  | 1,651 |  |  |  | 1,077 |  |
Total deposits |  | $ | 24,445,614 |  |  |  | $ | 24,283,983 |  |
Interest bearing deposits | Interest bearing deposits at March 31, 2020 and December 31, 2019 are summarized as follows:
|  | March 31, 2020 |  |  |  | December 31, 2019 |  |  |
|  | Amount |  | Qtr.-End Weighted Average Stated Rate(1) |  | Amount |  | Year-End Weighted Average Stated Rate(1) |
Money market |  | $ | 9,561,715 |  |  | 1.74 | % |  | $ | 9,616,547 |  |  | 2.04 | % |
Savings |  | 752,357 |  |  | 1.44 |  |  | 718,616 |  |  | 1.71 |  |
Certificates of deposit |  | 14,129,891 |  |  | 1.95 |  |  | 13,947,743 |  |  | 2.44 |  |
Deposits - interest bearing |  | $ | 24,443,963 |  |  |  |  | $ | 24,282,906 |  |  |  |  |
____________ (1) Includes the effect of interest rate swaps in effective hedge relationships.

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