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Deposits
12 Months Ended
Dec. 31, 2018
Deposits  
Deposits

Note 9: Deposits

 

Major classifications of deposits at December 31 were as follows:

 

 

 

 

 

 

 

 

 

 

    

December 31, 2018

    

December 31, 2017

  

Noninterest bearing demand

 

$

618,830

 

$

572,404

 

Savings

 

 

304,400

 

 

262,220

 

NOW accounts

 

 

425,878

 

 

429,448

 

Money market accounts

 

 

310,390

 

 

276,082

 

Certificates of deposit of less than $100,000

 

 

230,781

 

 

216,493

 

Certificates of deposit of $100,000 through $250,000

 

 

159,953

 

 

122,489

 

Certificates of deposit of more than $250,000

 

 

66,441

 

 

43,789

 

Total deposits

 

$

2,116,673

 

$

1,922,925

 

 

Growth in total deposits stemmed from the ABC Bank acquisition; the Company assumed $248.5 million of additional deposits, which consisted of time deposits of $99.0 million, savings, NOW, and money markets of $91.5 million, and noninterest bearing demand deposits of $58.0 million.  The Company had $30.4 million in brokered certificates of deposit as of December 31, 2018.  The Company had $18.8 million in brokered certificates of deposit as of December 31, 2017.  Deposits held by senior officers and directors, including their related interests, totaled $1.6 million and $2.6 million as of December 31, 2018 and 2017.

 

At December 31, 2018, scheduled maturities of time deposits were as follows:

 

 

 

 

 

 

2019

    

$

276,349

 

2020

 

 

124,857

 

2021

 

 

38,036

 

2022

 

 

8,206

 

2023

 

 

9,727

 

Total time deposits

 

$

457,175