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Note 7 - Deposits

6 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note

7.

      Deposits

The following table presents the balance of deposits held, by category as of

June 30, 2020

and

December 31, 2019.

(In thousands)		June 30, 2020				December 31, 2019
Non-interest bearing		$	97,360			$	88,135
Interest bearing:
NOW			26,941				26,864
Savings			70,230				64,020
Money market			165,658				99,115
Certificates of deposit, less than $250,000			194,388				193,942
Certificates of deposit, $250,000 or greater			67,626				67,550
Brokered deposits			160,885				229,909
Interest bearing, Total			685,728				681,400
Total Deposits		$	783,088			$	769,535

As of

June 30, 2020,

contractual maturities of Certificates of Deposit (“CDs”), and brokered deposits is summarized as follows:

(In thousands)		CDs less than $250,000				CDs $250,000 or greater				Brokered Deposits				Total
1 year or less		$	177,995			$	62,579			$	150,288			$	390,862
More than 1 year through 2 years			13,095				3,837				9,848				26,780
More than 2 years through 3 years			1,781				958				499				3,238
More than 3 years through 4 years			901				-				250				1,151
More than 4 years through 5 years			616				252				-				868
		$	194,388			$	67,626			$	160,885			$	422,899

X

- 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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X

- References

No definition available.

+ Details

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