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DEPOSITS
 12 Months Ended
Sep. 30, 2020
Deposits [Abstract]  
DEPOSITS

NOTE I - DEPOSITS

 

A summary of deposits by type of account follows:

 

   September 30, 
   2020   2019 
   (In thousands) 
         
Demand accounts  $163,562   $106,422 
Savings accounts   74,923    70,598 
NOW accounts   65,447    48,164 
Money market accounts   188,023    188,115 
Certificate of deposit   110,650    100,016 
Retirement accounts   15,725    16,760 
Total deposits  $618,330   $530,075 

 

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 $365.6 million at September 30, 2020 compared with $298.8 million at September 30, 2019. The aggregate amount of certificate deposits, including individual retirement accounts with balance of $250,000 or more was $45.6 million at September 30, 2020 compared with $35.0 million at September 30, 2019.

 

At September 30, 2020, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands):

 

Year Ending September 30,    
2021  $79,120 
2022   26,209 
2023   8,738 
2024   6,377 
2025 and after   5,931 
Total  $126,375