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Deposits | 12 Months Ended
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Dec. 31, 2019
Deposits [Abstract] |
Deposits | Note 8 – Deposits Deposit balances as of December 31 consisted of the following:
(Dollars in thousands) |  | 2019 |  |  | 2018 |
Noninterest-bearing demand deposits |  | $ | 287,460 |  |  | $ | 153,542 |
Interest-bearing demand deposits |  |  | 236,154 |  |  |  | 135,425 |
Money market deposits |  |  | 263,666 |  |  |  | 86,720 |
Savings deposits |  |  | 206,050 |  |  |  | 75,615 |
Local certificates of deposit |  |  | 158,985 |  |  |  | 91,343 |
Brokered certificates of deposit |  |  | 2,287 |  |  |  | 34,370 |
Total deposits |  | $ | 1,154,602 |  |  | $ | 577,015 |
Scheduled maturities of certificates of deposit at December 31, 2019 were as follows:
(Dollars in thousands) |  |  |
2020 |  | $ | 121,653 |
2021 |  |  | 19,378 |
2022 |  |  | 9,661 |
2023 |  |  | 6,984 |
2024 |  |  | 3,539 |
Thereafter |  |  | 57 |
Total |  | $ | 161,272 |
The Banks had certificates of deposit issued in denominations of $250,000 or greater totaling $68.3 million and $39.3 million at December 31, 2019 and 2018, respectively. The Banks held $2.3 million in brokered certificates of deposit at December 31, 2019, compared to $34.4 million at December 31, 2018. In addition, the Banks had $7.1 million and $2.1 million of certificates of deposit as of December 31, 2019, and December 31, 2018, respectively, that had been issued through the Certificate of Deposit Account Registry Service (CDARS). As a result of the Economic Growth, Regulatory Relief, and Consumer Protection Act which became law in May 2018, reciprocal brokered deposits are no longer considered brokered deposits as of December 31, 2018 and December 31, 2019.

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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=6876686&loc=d3e534808-122878 + Details
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