XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.20.4

DEPOSITS | 12 Months Ended
--- | ---
Dec. 31, 2020
DEPOSITS |
DEPOSITS | NOTE 9 – DEPOSITS The Company’s deposits are summarized below as December 31:
|  | December 31, 2020 |  | December 31, 2019
|  | (dollars in thousands)
Noninterest-bearing deposits |  | $ | 882,939 |  | $ | 689,116
Interest-bearing deposits: |  |  |  |  |  |
Interest-bearing demand |  |  | 968,592 |  |  | 814,639
Money market |  |  | 462,056 |  |  | 477,765
Savings |  |  | 517,473 |  |  | 438,927
Time |  |  | 299,474 |  |  | 356,408
Total interest-bearing deposits |  |  | 2,247,595 |  |  | 2,087,739
Total deposits |  | $ | 3,130,534 |  | $ | 2,776,855
Money market deposits include $6,489,000 and $14,309,000 of reciprocal transaction deposits as of December 31, 2020 and 2019, respectively. Time deposits include $3,164,000 and $3,538,000 of reciprocal time deposits as of December 31, 2020 and 2019, respectively. The aggregate amounts of time deposits in denominations of $250,000 or more amounted to $26,687,000 and $44,754,000 as of December 31, 2020 and 2019, respectively. The aggregate amounts of time deposits in denominations of $100,000 or more amounted to $99,649,000 and $130,293,000 as of December 31, 2020 and 2019, respectively. At December 31, 2020, the scheduled maturities of time deposits are as follows (dollars in thousands):
Year ended December 31, |  |  |
2021 |  | $ | 218,378
2022 |  |  | 49,776
2023 |  |  | 14,864
2024 |  |  | 8,208
2025 |  |  | 8,101
Thereafter |  |  | 147
Total |  | $ | 299,474
The components of interest expense on deposits for the years ended December 31 are as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (dollars in thousands)
Interest-bearing demand |  | $ | 647 |  | $ | 1,474 |  | $ | 1,378
Money market |  |  | 697 |  |  | 1,837 |  |  | 685
Savings |  |  | 196 |  |  | 278 |  |  | 283
Time |  |  | 2,681 |  |  | 4,343 |  |  | 3,541
Total interest expense on deposits |  | $ | 4,221 |  | $ | 7,932 |  | $ | 5,887

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