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Note 7 - Deposits | 6 Months Ended
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Jun. 30, 2021
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, 2021 and December 31, 2020.
(In thousands) |  | June 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Non-interest bearing |  | $ | 218,374 |  |  | $ | 158,676 |
Interest bearing: |  |  |  |  |  |  |  |
NOW |  |  | 36,085 |  |  |  | 30,529 |
Savings |  |  | 99,264 |  |  |  | 98,635 |
Money market |  |  | 178,249 |  |  |  | 146,389 |
Certificates of deposit, less than $250,000 |  |  | 152,700 |  |  |  | 160,968 |
Certificates of deposit, $250,000 or greater |  |  | 63,690 |  |  |  | 49,172 |
Brokered deposits |  |  | 12,836 |  |  |  | 41,287 |
Interest bearing, Total |  |  | 542,824 |  |  |  | 526,980 |
Total Deposits |  | $ | 761,198 |  |  | $ | 685,656 |
On July 22, 2020, the Company completed the purchase of prepaid debit card deposits of $50.0 million from a prominent national provider and processor of prepaid debit cards for corporate, consumer and government clients. The prepaid debit card deposits are included in the non-interest-bearing deposits and money market deposits, which totaled approximately $137.8 million and $59.3 million as of June 30, 2021 and December 31, 2020, respectively. As of June 30, 2021, 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 |  | $ | 127,499 |  |  | $ | 41,685 |  |  | $ | 11,338 |  |  | $ | 180,522 |
More than 1 year through 2 years |  |  | 15,672 |  |  |  | 21,232 |  |  |  | 999 |  |  |  | 37,903 |
More than 2 years through 3 years |  |  | 2,146 |  |  |  | 250 |  |  |  | 250 |  |  |  | 2,646 |
More than 3 years through 4 years |  |  | 1,648 |  |  |  | 523 |  |  |  | 249 |  |  |  | 2,420 |
More than 4 years through 5 years |  |  | 5,735 |  |  |  | - |  |  |  | - |  |  |  | 5,735 |
|  | $ | 152,700 |  |  | $ | 63,690 |  |  | $ | 12,836 |  |  | $ | 229,226 |

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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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 + Details
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