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Interest-Bearing Deposits
 12 Months Ended
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.