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Note 8 - Deposits
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Deposits Assets Disclosure Noncurrent [Text Block]

(8)         DEPOSITS

 

Deposits at December 31, 2020 and 2019 consisted of the following:

 

(In thousands)

 

2020

  

2019

 
         

Noninterest-bearing demand deposits

 $225,608  $146,097 

NOW accounts

  323,164   266,611 

Savings accounts

  215,956   179,265 

Money market accounts

  71,317   61,348 

Time deposits

  64,416   68,856 
         
  $900,461  $722,177 

 

 

The aggregate amount of time deposit accounts with balances that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 was approximately $7.5 million and $5.8 million at December 31, 2020 and 2019, respectively.

 

At December 31, 2020, scheduled maturities of time deposits were as follows:

 

Year ending December 31:

 

(In thousands)

 
     

2021

 $34,219 

2022

  15,157 

2023

  6,340 

2024

  6,598 

2025

  2,102 
     

Total

 $64,416 

 

 

 

The Bank held deposits of approximately $13.2 million and $13.3 million for related parties at December 31, 2020 and 2019, respectively.