XML 28 R15.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Deposits | 12 Months Ended
--- | ---
Dec. 31, 2018
Deposits [Abstract] |
Deposits | NOTE 8 – Deposits The following is a detail of the deposit accounts:
|  | December 31,
(dollars in thousands) |  | 2018 |  | 2017
Noninterest bearing |  | $ | 346,570 |  | 295,680
Interest bearing: |  |  |  |  |
NOW accounts |  |  | 186,795 |  | 229,945
Money market accounts |  |  | 730,765 |  | 545,029
Savings |  |  | 15,486 |  | 16,298
Time, less than $100,000 |  |  | 63,073 |  | 55,461
Time, $100,000 and over |  |  | 305,447 |  | 238,710
Total deposits |  | $ | 1,648,136 |  | 1,381,123
During December 2018, the Company modified the account classification of $45.3 million from interest bearing to noninterest bearing which contributed to the increase in noninterest bearing accounts and the decrease in NOW accounts from December 31, 2017. In addition, at December 31, 2018 and 2017, time deposits greater than $250,000 were $214.0 million and $131.7 million, respectively. Also, at December 31, 2018 and 2017, the Company had approximately $79.3 million and $28.1 million, respectively, of time deposits that were obtained outside of the Company’s primary market. Interest expense on time deposits greater than $100,000 was $4.7 million for the year ended December 31, 2018, $2.7 million for the year ended December 31, 2017, and $1.8 million for the year ended December 31, 2016. At December 31, 2018 the scheduled maturities of certificates of deposit are as follows:
(dollars in thousands) |  |
2019 | $ | 241,771
2020 |  | 92,684
2021 |  | 24,513
2022 |  | 4,306
2023 and after |  | 5,246
| $ | 368,520

X
- 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=50488274&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
Name: | us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DepositsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration