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.