XML 26 R15.htm IDEA: XBRL DOCUMENT v3.20.2

DEPOSITS

9 Months Ended

Sep. 30, 2020

DEPOSITS

DEPOSITS

NOTE 6 – DEPOSITS

The Company’s deposits are summarized below:

		September 30, 2020			December 31, 2019
		(dollars in thousands)
Noninterest-bearing deposits		$	850,306		$	689,116
Interest-bearing deposits:
Interest-bearing demand			885,719			814,639
Money market			475,047			477,765
Savings			497,682			438,927
Time			307,907			356,408
Total interest-bearing deposits			2,166,355			2,087,739
Total deposits		$	3,016,661		$	2,776,855

Money market deposits include $7,407,000 and $14,309,000 of reciprocal transaction deposits as of September 30, 2020 and December 31, 2019, respectively. Time deposits include $3,540,000 and $3,538,000 of reciprocal time deposits as of September 30, 2020 and December 31, 2019, respectively.

The aggregate amounts of time deposits in denominations of $250,000 or more amounted to $24,734,000 and $44,754,000 as of September 30, 2020 and December 31, 2019, respectively. The aggregate amounts of time deposits in denominations of $100,000 or more amounted to $102,115,000 and $130,293,000 as of September 30, 2020 and December 31, 2019, respectively.

The components of interest expense on deposits are as follows:

		Three Months Ended September 30,						Nine Months Ended September 30,
		2020			2019			2020			2019
		(dollars in thousands)
Interest-bearing demand		$	123		$	347		$	536		$	1,175
Money market			96			497			608			1,356
Savings			37			70			157			207
Time			587			1,086			2,179			3,356
Total interest expense on deposits		$	843		$	2,000		$	3,480		$	6,094

X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

+ Details

Name:	us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DepositsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration