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Deposits
12 Months Ended
Dec. 31, 2019
Deposits [Abstract]  
Deposits

NOTE 6 – DEPOSITS

 

The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was approximately $81,414,691 and $79,635,234 at December 31, 2019 and 2018, respectively.

 

Officers and directors of the Bank have deposits at the Bank.  At December 31, 2019 and 2018, such deposits totaled approximately $2,463,000 and $2,308,000, respectively.

 

The Bank had $52,137,000 and $43,542,000 of brokered deposits as of December 31, 2019 and 2018, respectively, which were primarily included in certificate of deposit accounts.

 

The scheduled maturities of certificates of deposits at December 31, 2019, are as follows:

 

2020

 

$

288,983,867

 

2021

 

 

82,739,903

 

2022

 

 

15,308,943

 

2023

 

 

7,894,371

 

2024

 

 

5,189,916

 

2025

 

 

63,723

 

 

 

 

 

 

 

 

$

400,180,723