|9 Months Ended|
Sep. 30, 2021
NOTE 5 – DEPOSITS
Deposits are summarized as follows (dollars in thousands):
Time deposits that exceed the FDIC insurance limit of $250,000 were approximately $29.7 million at September 30, 2021 and $28.8 million at December 31, 2020.
The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef