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Interest-Bearing Deposits
12 Months Ended
Dec. 31, 2018
Interest-Bearing Deposits/ Federal Home Loan Bank Advances [Abstract]  
Interest Bearing Deposits

Note 9: Interest-Bearing Deposits

 

Interest-bearing time deposits in denominations of $250,000 or more totaled $26.6 million on December 31, 2018 and $27.9 million on December 31, 2017. Certificates of deposit obtained from brokers totaled approximately $13.2 million and $10.7 million at December 31, 2018 and 2017, respectively, and mature between 2019 and 2021.

 

At December 31, 2018, the scheduled maturities of time deposits were as follows:

 

($ in thousands)   
2019 $144,833 
2020  56,223 
2021  21,724 
2022  16,596 
2023  1,703 
Thereafter  383 
     
Total $241,462 

 

Included in time deposits at December 31, 2018 and 2017 were $72.6 million and $55.4 million, respectively, of deposits which were obtained through the Certificate of Deposit Account Registry Service (“CDARS”). This service allows deposit customers to maintain fully insured balances in excess of the $250,000 FDIC limit without the inconvenience of having multi-banking relationships. Under the reciprocal program that the Company is currently participating in, customers agree to allow their deposits to be placed with other participating banks in the CDARS program in insurable amounts under $250,000. In exchange, other banks in the program agree to place their deposits with the Company also in insurable amounts under $250,000.