Deposits

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Deposits [Text Block]

Interest expense on deposits is summarized as follows (in thousands):

	Year Ended December 31,
	2020		2019		2018
Transaction deposits	$	60,424	$	132,854	$	65,859
Savings	385		677		439
Time:
Certificates of deposits under $100,000	6,741		8,299		5,751
Certificates of deposits $100,000 and over	18,270		29,288		19,739
Other time deposits	4,176		4,420		3,729
Total time	29,187		42,007		29,219
Total	$	89,996	$	175,538	$	95,517

The aggregate amounts of time deposits in denominations of $250,000 or more at December 31, 2020 and 2019 were $815 million and $845 million, respectively.

Time deposit maturities are as follows: 2021 – $1.5 billion, 2022 – $172 million, 2023 – $90 million, 2024 – $54 million, 2025 – $41 million and $100 million thereafter. 

The aggregate amount of overdrawn customer transaction deposits that have been reclassified as loan balances was $3.1 million at December 31, 2020 and $8.7 million at December 31, 2019.