DEPOSITS

12 Months Ended

Dec. 31, 2019

DEPOSITS

DEPOSITS

NOTE 8 – DEPOSITS

The following table details total deposits as of December 31, 2019 and 2018:

(dollars in thousands)	2019		2018
Non-interest bearing demand deposits	$	983,307	$	946,838
Savings and transaction accounts:
Savings deposits		234,508		247,903
Interest bearing demand deposits		1,723,937		1,429,570
Time deposits:
Other time deposits		281,934		273,533
Deposits of $100,000 to $250,000		291,805		268,058
Deposits of $250,000 or more		618,328		878,163
Total deposits	$	4,133,819	$	4,044,065

NOTE 8 – DEPOSITS (continued)

At December 31, 2019, the scheduled maturities of time deposits were as follows:

(dollars in thousands)	Amount
Maturing in 2020	$	895,601
Maturing in 2021		206,303
Maturing in 2022		35,181
Maturing in 2023		23,143
Maturing in 2024		29,747
Thereafter		2,092
Total time deposits	$	1,192,067

During 2019 the Bank entered into agreements with Promontory Interfinancial Network relative to their Insured Cash Sweep One-Way Buy program. As of December 31, 2019, the total amount available to the Bank via this program was $200.0 million, of which, $75.1 million was drawn.