Deposits (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Deposits, by Type [Line Items]

Deposits outstanding by type

Deposits outstanding at December 31, 2020 and 2019 are summarized below by account type.

	December 31, 2020				December 31, 2019
	Balance		Weighted Rate	Interest Rate Range	Balance		Weighted Rate	Interest Rate Range
Checking Accounts	$	372,070,032	0.05%	0.00-1.49%	$	260,135,924	0.11%	0.00-1.98%
Money Market Accounts	291,067,575		0.16%	0.00-0.20%	230,693,518		0.72%	0.00-1.48%
Savings Accounts	74,433,571		0.14%	0.00-0.50%	51,124,806		0.16%	0.00-1.00%
Total	$	737,571,178	0.10%	0.00-1.49%	$	541,954,248	0.36%	0.00-1.98%
Certificate Accounts:
0.00 – 0.99%	$	122,711,943			$	28,599,107
1.00 – 1.99%	46,619,682				122,164,536
2.00 – 2.99%	11,193,432				78,689,591
Total	$	180,525,057	0.77%	0.10-2.96%	$	229,453,234	1.71%	0.45-2.96%
Total Deposits	$	918,096,235	0.23%	0.00-2.96%	$	771,407,482	0.76%	0.00-2.96%

Amounts and scheduled maturities of all certificates of deposit

The amounts and scheduled maturities of all certificates of deposit were as follows at December 31, 2020 and 2019:

	December 31,
	2020		2019
Within 1 Year	$	128,758,122	$	149,481,000
After 1 Year, Within 2 Years	27,550,051		42,689,147
After 2 Years, Within 3 Years	10,555,458		18,737,910
After 3 Years, Within 4 Years	10,847,730		3,272,862
After 4 Years, Within 5 Years	2,813,696		15,272,315
Total Certificates of Deposits	$	180,525,057	$	229,453,234