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Deposits | 12 Months Ended
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Dec. 31, 2020
Deposits [Abstract] |
Deposits |
(1 0) | Deposits
At December 31, 2020 and 2019, time deposits amounted to $417,245,000 and $477,422,000, respectively. Interest expense on certificates of deposit amounted to $8,558,000, $9,223,000, and $4,906,000 for the years ended December 31, 2020, 2019, and 2018, respectively. The aggregate amount of demand deposit overdrafts that were reclassified as loans were $116,000 at December 31, 2020, compared to $84,000 as of December 31, 2019. Time deposits at December 31, 2020 mature as follows:
(Dollars in thousands) |  | Time Deposits |
|  | Less than $250,000 |  |  | $250,000 or more |
Maturing in 2021 |  | $ | 210,964 |  |  | $ | 42,285 |
Maturing in 2022 |  |  | 69,800 |  |  |  | 18,072 |
Maturing in 2023 |  |  | 47,412 |  |  |  | 4,874 |
Maturing in 2024 |  |  | 8,475 |  |  |  | 2,114 |
Maturing in 2025 |  |  | 11,866 |  |  |  | 782 |
Maturing thereafter |  |  | 601 |  |  |  | — |
|  | $ | 349,118 |  |  | $ | 68,127 |
Mid Penn had no brokered certificates of deposits as of December 31, 2020 compared to brokered certificates of deposits totaling $13,326,000 at December 31, 2019. The decrease in the balance during 2020 was the result of a portfolio of brokered certificates of deposit assumed in the First Priority and Phoenix acquisitions which matured and were not replaced. Deposits and other funds from related parties held by Mid Penn at December 31, 2020 and 2019 amounted to $60,125,000 and $54,360,000, respectively.

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- 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
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- References No definition available. + Details
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