XML 32 R17.htm IDEA: XBRL DOCUMENT v3.20.4

Deposits

12 Months Ended

Dec. 31, 2020

Deposits.

Deposits

10. Deposits:

The major components of interest-bearing and noninterest-bearing deposits at December 31, 2020 and 2019 are summarized as follows:

​

​	​	​	​	​	​	​	​
At the period end		December 31, 2020			December 31, 2019
Interest-bearing deposits:	​	​	​	​	​	​	​
Money market accounts	​	$	496,634	​	$	365,463	​
Now accounts	​		567,087	​		402,999	​
Savings accounts	​		431,224	​		370,270	​
Time deposits less than $250	​		221,446	​		231,450	​
Time deposits $250 or more	​		98,247	​		138,069	​
Total interest-bearing deposits	​		1,814,638	​		1,508,251	​
Noninterest-bearing deposits	​		622,475	​		463,238	​
Total deposits	​	$	2,437,113	​	$	1,971,489	​

​

The growth in deposits occurred in non-maturity deposits as demand for liquid accounts elevated due to low interest rates and economic uncertainty. Strong organic growth of core deposits from new and existing relationships, inflows of public fund deposits, and proceeds of PPP loans retained on deposit by our commercial borrowers, primarily in the second quarter, contributed to the increase. Time deposits $250 thousand or more decreased due to the maturity of a few large public fund certificates of deposit.

The aggregate amounts of maturities for all time deposits at December 31, 2020, are summarized as follows:

​

​	​	​	​	​
2021		$	223,247	​
2022	​		40,093	​
2023	​		22,905	​
2024	​		15,099	​
2025	​		7,316	​
Thereafter	​		11,033	​
​	​	$	319,693	​

​

The aggregate amount of deposits reclassified as loans was $245 at December 31, 2020, and $343 at December 31, 2019. Management evaluates transaction accounts that are overdrawn for collectability as part of its evaluation for credit losses.

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