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DEPOSITS
12 Months Ended
Dec. 31, 2019
DEPOSITS  
DEPOSITS

NOTE 7 — DEPOSITS

Deposits consisted of the following as of December 31, 2019 and 2018 (dollars in thousands):

 

 

 

 

 

 

 

 

 

At December 31, 

 

    

2019

    

2018

 

 

 

  

 

 

  

Noninterest bearing demand accounts

 

$

1,090,479

 

$

798,563

Money market

 

 

1,573,716

 

 

745,040

Savings accounts

 

 

16,204

 

 

19,950

Time Deposits:

 

 

  

 

 

  

Time deposits under $100,000

 

 

5,483

 

 

7,045

Time deposits $100,000 and over

 

 

104,892

 

 

89,956

Total deposits

 

$

2,790,774

 

$

1,660,554

 

Time deposits greater than $250,000 at December 31, 2019 and 2018 were $61.4 million and $64.6 million, respectively.

The following are scheduled maturities of time deposits as of December 31, 2019 (dollars in thousands):

 

 

 

 

 

 

 

At December 31, 

 

 

 

2019

2020

    

$

91,884

2021

 

 

14,265

2022

 

 

859

2023

 

 

448

2024

 

 

2,919

Total time deposits

 

$

110,375