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Interest-Bearing Deposits (Tables)
12 Months Ended
Dec. 31, 2019
Interest-Bearing Deposits [Abstract]  
Schedule of Interest Bearing Deposits

Interest-bearing deposits consist of the following:

 

 

December 31,

(In thousands)

 

2019

 

2018

Interest-bearing demand deposits

 

$

322,027

 

 

$

322,709

 

Savings deposits

 

 

13,051

 

 

 

13,502

 

Time deposits:

 

 

 

 

 

 

 

 

Less than $100

 

 

4,927

 

 

 

4,862

 

$100 to less than $250

 

 

48,353

 

 

 

51,658

 

$250 or more

 

 

17,687

 

 

 

15,937

 

Total

 

$

406,045

 

 

$

408,668

 

Weighted average interest rate

 

 

1.32

%

 

 

1.00

%

Schedule of Interest on Deposits

Interest on deposits consists of the following:

 

 

December 31,

(In thousands)

 

2019

 

2018

 

2017

Interest-bearing demand deposits

 

$

3,686

 

$

2,832

 

$

1,611

Savings deposits

 

 

103

 

 

109

 

 

79

Time deposits:

 

 

 

 

 

 

 

 

 

Less than $100

 

 

905

 

 

433

 

 

234

$100 to less than $250

 

 

216

 

 

152

 

 

114

$250 or more

 

 

281

 

 

210

 

 

149

Total

 

$

5,191

 

$

3,736

 

$

2,187

Schedule of Maturities of Time Deposits

The scheduled maturities of time deposits are summarized as follows:

 

 

December 31,

 

 

2019

 

2018

(In thousands)

 

Amount

 

Percent

of Total

 

Amount

 

Percent

of Total

Due within:

 

 

 

 

 

 

 

 

 

 

 

 

One year

 

$

47,881

 

67.5

%

 

$

51,154

 

70.6

%

Two years

 

 

15,813

 

22.3

 

 

 

18,262

 

25.2

 

Three years

 

 

5,584

 

7.8

 

 

 

140

 

0.2

 

Four years

 

 

1,689

 

2.4

 

 

 

983

 

1.4

 

Five years

 

 

 

 

 

 

1,918

 

2.6

 

Total

 

$

70,967

 

100.0

%

 

$

72,457

 

100.0

%