DEPOSITS

12 Months Ended

Dec. 31, 2020

DEPOSITS

DEPOSITS

NOTE 8 – DEPOSITS

The following table details total deposits as of December 31, 2020 and 2019:

(dollars in thousands)	2020		2019
Non-interest bearing demand deposits	$	1,538,331	$	983,307
Savings and transaction accounts:
Savings deposits		312,702		234,508
Interest bearing demand deposits		2,160,953		1,723,937
Time deposits:
Other time deposits		239,582		281,934
Deposits of $100,000 to $250,000		271,337		291,805
Deposits of $250,000 or more		513,900		618,328
Total deposits	$	5,036,805	$	4,133,819

NOTE 8 – DEPOSITS (continued)

At December 31, 2020, the scheduled maturities of time deposits were as follows:

(dollars in thousands)	Amount
Maturing in 2021	$	757,059
Maturing in 2022		195,703
Maturing in 2023		27,767
Maturing in 2024		34,086
Maturing in 2025		9,294
Thereafter		910
Total time deposits	$	1,024,819

During 2020 and 2019 the Bank entered into agreements with IntraFi Network relative to their Insured Cash Sweep One-Way Buy program. As of December 31, 2020, the total amount available to the Bank via this program was $100.0 million, of which, $10.1 million was drawn compared to availability of $200.0 million and $75.1 million usage as of December 31, 2019.