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Deposits (Tables)

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Summary of Contractual Maturities of Certificate of Deposits

At December 31, 2020, contractual maturities of certificate of deposits are summarized as follows: (in thousands).

2021		$	68,702
2022			23,687
2023			15,448
2024			7,963
2025			8,289
Thereafter			7,536
		$	131,625

Summary of Interest Expense on Deposits

The following is a summary of interest expense on deposits for the years ended December 31, 2020 and 2019: (in thousands)

		Year Ended December 31, 2020				Year Ended December 31, 2019
Savings accounts		$	878			$	31
Interest-bearing checking accounts			286				352
Market rate checking accounts			965				274
Certificates of deposit			2,623				1,629
		$	4,752			$	2,286

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- Definition

Summary of interest expense on deposits.

+ References

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- Definition

Tabular disclosure of time deposit liability maturities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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