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Deposits | 12 Months Ended
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Dec. 31, 2019
Deposits |
Deposits | Note 8. Deposits The following table summarizes the major classifications of deposit balances as of the dates indicated:
|  | December 31, |
|  | 2019 |  | 2018 |
(dollars in thousands) |  |  |
Noninterest-bearing deposits |  | $ | 107,158 |  | $ | 101,369 |
Interest-bearing deposits: |  |  |  |  |  |  |
Interest-bearing checking |  |  | 32,171 |  |  | 26,654 |
Money Market |  |  | 17,253 |  |  | 18,564 |
Savings |  |  | 82,845 |  |  | 84,097 |
Time deposits, $100,000 or more |  |  | 34,736 |  |  | 41,665 |
Time deposits below $100,000 |  |  | 47,277 |  |  | 50,104 |
Total interest- bearing deposits |  |  | 214,282 |  |  | 221,084 |
Total Deposits |  | $ | 321,440 |  | $ | 322,453 |
Interest expense on deposits for the years ended December 31, 2019 and 2018 is as follows:
|  | 2019 |  | 2018 |
(dollars in thousands) |  |  |
Interest-bearing checking |  | $ | 8 |  | $ | 8 |
Money Market |  |  | 10 |  |  | 10 |
Savings |  |  | 57 |  |  | 62 |
Time deposits, $100,000 or more |  |  | 622 |  |  | 704 |
Time deposits below $100,000 |  |  | 652 |  |  | 564 |
Total Interest Expense |  | $ | 1,349 |  | $ | 1,348 |
The Bank recognized $0.3 million and $0.2 million of fee income from deposits for the years ended December 31, 2019 and 2018. At December 31, 2019, the scheduled maturities of time deposits are approximately as follows:
(dollars in thousands) |  | Amount
Maturing in: |  |  |
2020 |  | $ | 50,170
2021 |  |  | 12,116
2022 |  |  | 3,875
2023 |  |  | 5,351
2024 |  |  | 9,480
2025 and thereafter |  |  | 1,021
Total Time Deposits |  | $ | 82,013
Deposit balances of executive officers and directors and their affiliated interests totaled approximately $1.6 million at December 31, 2019 and 2018, respectively. The Bank had no brokered deposits at December 31, 2019 and 2018.

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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