Note 8 - Deposits

12 Months Ended

Dec. 31, 2019

Note 8. Deposits

The aggregate amount of certificates of deposit, each with a minimum denomination of $250,000, was $448.6 million and $592.7 million as of December 31, 2019 and 2018, respectively.

As of December 31, 2019, the scheduled maturities of certificates of deposit were as follows:


Year ending December 31:	(dollars in thousands)
2020	$	523,631
2021		130,895
2022		50,299
2023		9,162
2024		12,269
Thereafter		69
	$	726,325

The Company has public entity interest-bearing demand deposits and certificates of deposit that are collateralized by investment securities with carrying values as follows:


	2019		2018
	(dollars in thousands)

U.S. govt. sponsored agency securities	$	6,135	$	980
Residential mortgage-backed and related securities		3,782		9,883
	$	9,917	$	10,863

The Company had a $47.4 million PUD LOC with the FHLB of Des Moines for the purpose of providing additional collateral on public deposits as of December 31, 2019. As of December 31, 2018, the Company had a $80.8 million PUD LOC with the FHLB of Des Moines and a $11.0 million PUD LOC with the FHLB of Chicago. There were no amounts outstanding under these letters of credit as of December 31, 2019 or 2018.