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Deposits

12 Months Ended

Dec. 31, 2020

Schedule Of Maturities Of Time Deposit

Deposits

(10) Deposits

The following table presents the maturities of time deposits at December 31, 2020:

Schedule of Maturities of Time Deposit  

(Dollars in thousands)		2020
Year		Amount
2021		$	112,336
2022			13,784
2023			3,856
2024			1,933
2025			1,838
Thereafter			3
Total		$	133,750

The aggregate amount of time deposits in denominations of $250,000 or more at December 31, 2020 and 2019 was $26.3 million and $41.3 million, respectively. As of December 31, 2020, the Company had no brokered deposits as compared to $32.8 million brokered deposits at December 31, 2019.

The components of interest expense associated with deposits are as follows:

Schedule of Interest Expense Associated with Deposits 

		2020				2019				2018
(Dollars in thousands)		Years ended December 31,
		2020				2019				2018
Time deposits		$	1,166			$	2,751			$	1,195
Money market and checking			899				2,555				1,833
Savings			40				35				28
Total		$	2,105			$	5,341			$	3,056

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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

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