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Deposits
12 Months Ended
Dec. 31, 2019
Deposits [Abstract]  
Deposits

11. Deposits



The aggregate amount of time deposits in denomination of $250,000 or more was $93.6 million at December 31, 2019 and $99.1 million at December 31, 2018.  The aggregate amount of time deposits with a minimum denomination of $100,000 was $157.7 million and $152.3 million at December 31, 2019 and 2018, respectively.  At December 31, 2019, $.3 million of deposit overdrafts were re-classified as loans.



The following is a summary of the scheduled maturities of all time deposits as of December 31, 2019 (in thousands):





 

 

 



 

 

 

2020

 

$

114,234 

2021

 

 

81,279 

2022

 

 

47,811 

2023

 

 

7,214 

2024

 

 

3,352 

Thereafter

 

 

 —

Total

 

$

253,890 



In the ordinary course of business, executive officers and directors of the Corporation, including their families and companies in which certain directors are principal owners, were deposit customers of the Bank.  Pursuant to the Bank’s policies, such deposits are on the same terms as those prevailing at the time for comparable deposits with persons who are not related to the Corporation.   At December 31, 2019, executive officers and directors had approximately $7.8 million in deposits with the Bank compared to $6.2 million at December 31, 2018.