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Deposits | 12 Months Ended
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Dec. 31, 2020
Deposits [Abstract] |
Deposits | NOTE 9 – Deposits The following is a detail of the deposit accounts:
|  | December 31, |
(dollars in thousands) |  | 2020 |  |  | 2019 |
Noninterest bearing |  | $ | 576,610 |  |  |  | 397,331 |
Interest bearing: |  |  |  |  |  |  |  |
NOW accounts |  |  | 268,739 |  |  |  | 228,680 |
Money market accounts |  |  | 1,042,745 |  |  |  | 898,923 |
Savings |  |  | 27,254 |  |  |  | 16,258 |
Time, less than $100,000 |  |  | 36,454 |  |  |  | 47,941 |
Time, $100,000 and over |  |  | 190,956 |  |  |  | 286,991 |
Total deposits |  | $ | 2,142,758 |  |  |  | 1,876,124 |
At December 31, 2020 and 2019, time deposits greater than $250,000 were $130.9 million and $220.1 million, respectively. Also, at December 31, 2020 and 2019, the Company had approximately $22.0 million and $67.4 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 $4.6 million for the year ended December 31, 2020, $6.9 million for the year ended December 31, 2019, and $4.7 million for the year ended December 31, 2018. 94 Table of Contents At December 31, 2020 the scheduled maturities of certificates of deposit are as follows:
(dollars in thousands) |  |  |  |
2021 |  | $ | 200,657 |
2022 |  |  | 13,244 |
2023 |  |  | 8,373 |
2024 |  |  | 2,370 |
2025 and after |  |  | 2,766 |
|  | $ | 227,410 |

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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 + Details
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- References No definition available. + Details
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