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DEPOSITS

12 Months Ended

Dec. 31, 2019

Banking and Thrift [Abstract]

DEPOSITS

Note 8

DEPOSITS

The composition of the Company's interest bearing deposits at December 31 was as follows:

(Dollars in Thousands)	2019			2018
NOW Accounts	$	902,499		$	867,209
Money Market Accounts		217,839			237,739
Savings Deposits		374,396			358,306
Time Deposits		106,021			120,744
Total Interest Bearing Deposits	$	1,600,755		$	1,583,998

At December 31, 2019 and 2018, $1.6 million in overdrawn deposit accounts were reclassified as loans.

Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $7.0 million and $6.5 million at December 31, 2019 and December 31, 2018, respectively.

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

(Dollars in Thousands)		2019
2020		$	87,805
2021			10,598
2022			4,238
2023			1,803
2024 and thereafter			1,577
Total		$	106,021

Interest expense on deposits for the three years ended December 31, was as follows:
(Dollars in Thousands)		2019			2018			2017
NOW Accounts		$	5,502		$	3,152		$	1,094
Money Market Accounts			946			675			252
Savings Deposits			182			172			159
Time Deposits < $250,000			201			234			274
Time Deposits > $250,000			9			10			10
Total		$	6,840		$	4,243		$	1,789

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- References

No definition available.

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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=6876686&loc=d3e534808-122878

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