Note 5 - Deposits

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

5.    DEPOSITS

Our total deposits at September 30, 2020 totaled $3.37 billion, an increase of $682 million, or 25.3%, from December 31, 2019. The components of our outstanding balances at September 30, 2020 and December 31, 2019, and percentage change in deposits from the end of 2019 to the end of the third quarter of 2020, are as follows:

	September 30, 2020					December 31, 2019					Percent Increase
	Balance		%			Balance		%			(Decrease)
Noninterest-bearing demand	$	1,449,879,000		43.0	%	$	924,916,000		34.4	%		56.8	%
Interest-bearing checking		439,925,000		13.0			332,373,000		12.3			32.4
Money market		575,077,000		17.1			509,368,000		18.9			12.9
Savings		318,132,000		9.4			269,318,000		10.0			18.1
Time, under $100,000		173,193,000		5.1			198,123,000		7.4			(12.6	)
Time, $100,000 and over		349,867,000		10.4			322,827,000		12.0			8.4
Total local deposits		3,306,073,000		98.0			2,556,925,000		95.0			29.3
Out-of-area time, under $100,000		0	NA				0	NA			NA
Out-of-area time, $100,000 and over		65,961,000		2.0			133,459,000		5.0			(50.6	)
Total out-of-area deposits		65,961,000		2.0			133,459,000		5.0			(50.6	)
Total deposits	$	3,372,034,000		100.0	%	$	2,690,384,000		100.0	%		25.3	%

Total time deposits of more than $250,000 totaled $294 million and $320 million at September 30, 2020 and December 31, 2019, respectively.