Note 9 – Deposits

Deposits are summarized as follows:

`	December 31,
	2020		2019
	(In thousands)
NOW account and other demand deposits	$	15,237	$	9,768
Non‑interest bearing demand deposits		47,269		27,090
Money market deposits		60,281		23,589
Passbook		64,127		47,042
Certificates of deposit		128,716		190,235
Total	$	315,630	$	297,724

The Bank accepts two types of deposits from a deposit placement service called the Certificate of Deposit Account Registry Service (“CDARS”). Reciprocal deposits are the Bank’s own retail deposits in amounts in excess of the insured limits. The CDARS program allows banks to place their customers’ funds in FDIC‑insured certificates of deposit at other banks and, at the same time, receive an equal sum of funds from the customers of other banks in the CDARS Network. These deposits totaled $35.8 million and $39.3 million at December 31, 2020 and 2019, respectively and are not considered to be brokered deposits.

One‑way deposits are also available using the CDARS program. With the one‑way program, the Bank accepts deposits from CDARS even though there is no customer account involved. These one-way deposits, which are considered to brokered deposits, totaled $9.6 million and $40.7 million at December 31, 2020 and 2019, respectively.

At December 31, 2020, the Bank had $15.1 million in (non-CDARS) brokered deposits and did not have any (non-CDARS) brokered deposits at December 31, 2019.

Scheduled maturities of certificates of deposit for the next five years are as follows:

Maturity	Amount
	(In thousands)
2021	$	113,221
2022		13,095
2023		1,809
2024		271
2025		245
Thereafter		75
	$	128,716

Certificates of deposit of $250 thousand or more totaled $18.9 million and $25.1 million at December 31, 2020 and 2019, respectively.

Deposits from principal officers, directors, and their affiliates totaled $838 thousand and $1.8 million at December 31, 2020 and 2019, respectively.