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Interest-Bearing Deposits | 12 Months Ended
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Dec. 31, 2020
Interest-Bearing Deposits [Abstract] |
Interest-Bearing Deposits | Note 11: Interest-Bearing Deposits Interest-bearing time deposits in denominations of $250,000 or more totaled $27.8 million on December 31, 2020 and $36.2 million on December 31, 2019. Certificates of deposit obtained from brokers totaled approximately $5.0 million and $5.2 million at December 31, 2020 and 2019, respectively, and mature in 2021. At December 31, 2020, the scheduled maturities of time deposits were as follows:
($ in thousands) |  |  |
2021 |  | $ | 156,761 |
2022 |  |  | 47,518 |
2023 |  |  | 18,399 |
2024 |  |  | 4,338 |
2025 |  |  | 2,351 |
Thereafter |  |  | 182 |
Total |  | $ | 229,549 |
Included in time deposits at December 31, 2020 and 2019 were $73.1 million and $88.3 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.

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- Definition The entire disclosure for financial services specifically banking and thrift entities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -URI http://asc.fasb.org/topic&trid=2209208 + Details
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