Deposits
9 Months Ended
Sep. 30, 2020
Deposits  
Deposits

Note 6 – Deposits

Deposits as of September 30, 2020 and December 31, 2019 were as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

December 31, 2019

 

 

    

Amount

    

%  

    

Amount

    

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Demand accounts

 

$

217,204

 

37.9

%  

$

131,228

 

29.6

%

Interest checking accounts

 

 

59,711

 

10.4

%  

 

48,427

 

10.9

%

Money market accounts

 

 

147,467

 

25.7

%  

 

99,955

 

22.6

%

Savings accounts

 

 

33,733

 

5.9

%  

 

26,396

 

6.0

%

Time deposits of $250,000 and over

 

 

16,315

 

2.8

%  

 

22,327

 

5.0

%

Other time deposits

 

 

99,422

 

17.3

%  

 

114,875

 

25.9

%

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

573,852

 

100.0

%  

$

443,208

 

100.0

%