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Deposits
 12 Months Ended
Dec. 31, 2018
Deposits [Abstract]  
Deposits

Note 8 – Deposits

 

Deposit balances as of December 31 consisted of the following:

 

(Dollars in thousands)  2018   2017 
         
Noninterest-bearing demand deposits  $153,542   $151,462 
Interest-bearing demand deposits   135,425    126,363 
Money market deposits   86,720    94,178 
Savings deposits   75,615    75,080 
Local certificates of deposit   91,343    82,598 
Brokered certificates of deposit   34,370    10,172 
Total deposits  $577,015   $539,853 

 

Scheduled maturities of certificates of deposit at December 31, 2018 were as follows:

 

(Dollars in thousands)

 

2019   $99,281 
2020    15,010 
2021    4,222 
2022    7,163 
2023    37 
Total    $125,713 

 

The Bank had certificates of deposit issued in denominations of $250,000 or greater totaling $39.3 million and $29.8 million at December 31, 2018 and 2017, respectively. The Bank held $34.4 million in brokered certificates of deposit at December 31, 2018, compared to $10.2 million at December 31, 2017. In addition, the Bank had $2.1 million and $2.0 million of certificates of deposit as of December 31, 2018, and December 31, 2017, respectively, that had been issued through the Certificate of Deposit Account Registry Service (CDARS). Although certificates of deposit issued through CDARS are issued to local customers, this type of deposit was classified as brokered deposits for regulatory purposes as of December 31, 2017. As a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act which became law in May 2018, reciprocal brokered deposits were no longer considered brokered deposits as of December 31, 2018.