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Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2020

NOTE 9 - INTEREST-BEARING DEPOSITS

Interest-bearing deposits as of December 31, 2020 and 2019 were as follows:

	2020		2019
Demand	$	410,139	$	301,674
Savings and Money markets		771,612		588,697
Certificates of Deposit:
$250 and over		70,989		58,290
Other		169,453		168,928
Individual Retirement Accounts		46,396		48,622
Total	$	1,468,589	$	1,166,211

Scheduled maturities of certificates of deposit, including IRAs at December 31, 2020 were as follows:

Deposits from the Company’s principal officers, directors, and their affiliates at year-end 2020 and 2019 were $12,487 and $8,917, respectively.

As of December 31, 2020, CDs and IRAs totaling $74,777 met or exceeded the FDIC’s insurance limit of $250,000.