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DEPOSITS
 12 Months Ended
Sep. 30, 2019
Deposits [Abstract]  
DEPOSITS

NOTE I - DEPOSITS

 

A summary of deposits by type of account follows:

   September 30, 
   2019   2018 
   (In thousands) 
         
Demand accounts  $106,422   $104,745 
Savings accounts   70,598    81,373 
NOW accounts   48,164    46,336 
Money market accounts   188,115    167,340 
Certificate of deposit   100,016    112,014 
Retirement accounts   16,760    18,329 
Total deposits  $530,075   $530,137 

 

The current FDIC insurance limit on bank deposit accounts is $250,000. The aggregate amount of deposit accounts with a minimum denomination of $250,000 was approximately $298.8 million at September 30, 2019 compared with $266.6 million at September 30, 2018. The aggregate amount of certificate deposits, including individual retirement accounts with balance of $250,000 or more was $35.0 million at September 30, 2019 compared with $35.6 million at September 30, 2018.

 

At September 30, 2019, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands):

 

Year Ending September 30,    
2020  $71,343 
2021   24,271 
2022   5,960 
2023   7,656 
2024 and after   7,546 
Total  $116,776