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v3.20.1

Deposits (Tables) | 12 Months Ended
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Dec. 31, 2019
Deposits |
Schedule of major classifications of interest-bearing 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 |
Schedule of interest expense on deposit |
|  | 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 |
Schedule of scheduled maturities of time deposits |
(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

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