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INTEREST-BEARING DEPOSITS
12 Months Ended
Dec. 31, 2020
Interest Bearing Deposits [Abstract]  
INTEREST-BEARING DEPOSITS

NOTE 8 - INTEREST-BEARING DEPOSITS

Interest-bearing deposits, by type of account, were as follows as of:

 

 

 

December 31, 2020

 

 

December 31, 2019

 

NOW accounts

 

$

259,357

 

 

$

202,672

 

Savings and money market accounts

 

 

868,643

 

 

 

712,972

 

Time deposits $250,000 or less

 

 

245,796

 

 

 

300,608

 

Time deposits greater than $250,000

 

 

132,854

 

 

 

214,687

 

 

 

$

1,506,650

 

 

$

1,430,939

 

 

Year-end maturities of time deposits, as of December 31, 2020, were as follows:

 

Year Ended December 31,

 

Amount

 

2021

 

$

306,760

 

2022

 

 

50,257

 

2023

 

 

13,755

 

2024

 

 

5,162

 

2025

 

 

2,716

 

Thereafter

 

 

 

 

 

$

378,650

 

 

Deposits of executive officers, directors and significant shareholders at December 31, 2020 and 2019 totaled $46,192 and $59,658, respectively.