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Deposits (Tables) | 12 Months Ended
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Dec. 31, 2020
Deposits [Abstract] |
Schedule of deposits | The following table summarizes total deposits at December 31, 2020 and 2019.
|  | December 31,
|  | 2020 |  |  | 2019
Deposits - interest bearing |  | $ | 22,664,899 |  |  |  | $ | 24,282,906 |
Deposits - non-interest bearing |  | 1,140 |  |  |  | 1,077 |
Total deposits |  | $ | 22,666,039 |  |  |  | $ | 24,283,983 |
Interest bearing deposits | Interest bearing deposits at December 31, 2020 and 2019 are summarized as follows:
|  | December 31, 2020 |  | December 31, 2019
|  | Amount |  | Year-End Weighted Average Stated Rate(1) |  | Amount |  | Year-End Weighted Average Stated Rate(1)
Money market |  | $ | 10,159,657 |  |  | 0.83 | % |  | $ | 9,616,547 |  |  | 2.04 | %
Savings |  | 907,976 |  |  | 0.55 |  |  | 718,616 |  |  | 1.71 |
Certificates of deposit |  | 11,597,266 |  |  | 1.34 |  |  | 13,947,743 |  |  | 2.44 |
Deposits - interest bearing |  | $ | 22,664,899 |  |  |  |  | $ | 24,282,906 |  |  |
___ (1) Includes the effect of interest rate swaps in effective hedge relationships.
Schedule of maturities of time deposits | Certificates of deposit remaining maturities are summarized as follows:
|  | December 31,
|  | 2020 |  | 2019
One year or less |  | $ | 5,728,556 |  |  | $ | 4,934,933 |
After one year to two years |  | 3,363,022 |  |  | 4,279,406 |
After two years to three years |  | 1,603,229 |  |  | 2,807,297 |
After three years to four years |  | 553,911 |  |  | 1,285,504 |
After four years to five years |  | 300,346 |  |  | 548,492 |
After five years |  | 48,202 |  |  | 92,111 |
Total |  | $ | 11,597,266 |  |  | $ | 13,947,743 |

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