Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

v3.19.2
DEPOSITS
6 Months Ended
Jun. 30, 2019
DEPOSITS [Abstract]  
DEPOSITS

NOTE 6 – DEPOSITS
 
Deposits are summarized as follows (dollars in thousands):

   
June 30,
2019
   
December 31,
2018
 
Noninterest-bearing demand
 
$
476,700
   
$
485,530
 
Interest bearing demand
   
423,127
     
456,260
 
Savings and money market accounts
   
614,943
     
609,425
 
Certificates of deposit
   
146,336
     
125,524
 
   
$
1,661,106
   
$
1,676,739
 

Time deposits that exceed the FDIC insurance limit of $250,000 were approximately $42.0 million at June 30, 2019 and $39.6 million at December 31, 2018.