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Deposits
12 Months Ended
Dec. 31, 2019
Deposits [Abstract]  
Deposits
Deposits
The composition of deposits is shown below.
 
 
December 31, 2019
 
December 31, 2018
 
 
Balance
 
Average Balance
 
Average Rate
 
Balance
 
Average Balance
 
Average Rate
 
 
(Dollars in Thousands)
Non-interest-bearing transaction accounts
 
$
293,573

 
$
275,495

 
%
 
$
280,769

 
$
241,529

 
%
Interest-bearing transaction accounts
 
273,909

 
222,244

 
1.53

 
229,612

 
269,943

 
0.99

Money market accounts
 
674,409

 
617,341

 
1.71

 
516,045

 
491,756

 
1.09

Certificates of deposit
 
137,012

 
156,048

 
2.47

 
153,022

 
94,172

 
1.70

Wholesale deposits
 
151,476

 
225,302

 
2.27

 
275,851

 
302,440

 
1.95

Total deposits
 
$
1,530,379

 
$
1,496,430

 
1.53

 
$
1,455,299

 
$
1,399,840

 
1.11


A summary of annual maturities of certificates of deposit outstanding and wholesale deposits at December 31, 2019 is as follows:
(In Thousands)
 
 
Maturities during the year ended December 31,
 
 
2020
 
$
195,888

2021
 
56,744

2022
 
24,387

2023
 
867

2024
 
269

Thereafter
 
10,333

 
 
$
288,488


Deposits include approximately $63.7 million and $61.9 million of certificates of deposit and wholesale deposits which are denominated in amounts of $250,000 or more at December 31, 2019 and 2018, respectively.