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Deposits

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Deposit Liabilities Disclosures [Text Block]

Deposits

The composition of deposits is shown below.

						December 31, 2020																		December 31, 2019
						Balance						Average Balance						Average Rate						Balance						Average Balance						Average Rate
						(Dollars in Thousands)
Non-interest-bearing transaction accounts						$	472,818					$	412,825					—		%				$	293,573					$	275,495					—		%
Interest-bearing transaction accounts						503,992						392,576						0.37						273,909						222,244						1.53
Money market accounts						641,504						651,402						0.44						674,409						617,341						1.71
Certificates of deposit						64,694						111,698						1.97						137,012						156,048						2.47
Wholesale deposits						172,508						142,591						1.71						151,476						225,302						2.27
Total deposits						$	1,855,516					$	1,711,092					0.52						$	1,530,379					$	1,496,430					1.53

A summary of annual maturities of in-market and wholesale certificates of deposit at December 31, 2020 is as follows:

(In Thousands)
Maturities during the year ended December 31,
2021						$	101,722
2022						6,199
2023						1,239
2024						263
2025						1,735
Thereafter						1,044
						$	112,202

Wholesale deposits include $47.5 million and $125.0 million of wholesale certificates of deposit and reciprocal interest-bearing transaction accounts, respectively, at December 31, 2020, compared to $151.5 million of wholesale certificates of deposit at December 31, 2019.

Deposits include $28.7 million and $63.7 million of certificates of deposit and wholesale deposits which are denominated in amounts of $250,000 or more at December 31, 2020 and 2019, respectively.

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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=120398452&loc=d3e534808-122878

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- References

No definition available.

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