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DEPOSITS | 12 Months Ended
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Dec. 31, 2020
DEPOSITS | Note 10—DEPOSITS The Company’s total deposits are comprised of the following at the dates indicated:
|  | December 31, |  |  | December 31, |
(Dollars in thousands) |  | 2020 |  |  | 2019 |
Non-interest bearing deposits |  | $ | 385,511 |  |  | $ | 289,829 |
Interest bearing demand deposits and money market accounts |  |  | 520,205 |  |  |  | 423,256 |
Savings |  |  | 123,032 |  |  |  | 104,456 |
Time deposits |  |  | 160,665 |  |  |  | 170,660 |
Total deposits |  | $ | 1,189,413 |  |  | $ | 988,201 |
At December 31, 2020, the scheduled maturities of time deposits are as follows:
(Dollars in thousands) |  |  |  |
2021 |  | $ | 113,819 |
2022 |  |  | 30,413 |
2023 |  |  | 9,924 |
2024 |  |  | 3,018 |
2025 |  |  | 3,491 |
Time Deposits |  | $ | 160,665 |
Interest paid on time deposits of $100 thousand or more totaled $993 thousand, $1.1 million, and $717 thousand in 2020, 2019, and 2018, respectively. Time deposits that meet or exceed the FDIC insurance limit of $250 thousand at year end 2020 and 2019 were $28.6 million and $32.2 million, respectively. Deposits from directors and executive officers and their related interests at December 31, 2020 and 2019 amounted to approximately $36.3 million and $5.4 million, respectively. The amount of overdrafts classified as loans at December 31, 2020 and 2019 were $61 thousand and $143 thousand, 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 + Details
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