The composition of deposits at September 30, 2020 and December 31, 2019 was as follows:
|
|
September 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(in thousands) |
|
Noninterest bearing demand deposits |
|
$ |
379,198 |
|
|
$ |
269,171 |
|
Savings and interest bearing demand deposits: |
|
|
|
|
|
|
|
|
NOW accounts |
|
$ |
113,535 |
|
|
$ |
102,337 |
|
Money market accounts |
|
|
203,366 |
|
|
|
154,133 |
|
Regular savings accounts |
|
|
129,786 |
|
|
|
107,705 |
|
|
|
$ |
446,687 |
|
|
$ |
364,175 |
|
Time deposits: |
|
|
|
|
|
|
|
|
Balances of less than $250,000 |
|
$ |
60,302 |
|
|
$ |
59,094 |
|
Balances of $250,000 and more |
|
|
69,051 |
|
|
|
79,104 |
|
|
|
$ |
129,353 |
|
|
$ |
138,198 |
|
|
|
$ |
955,238 |
|
|
$ |
771,544 |
|
|