|3 Months Ended|
Mar. 31, 2021
Note 7 — Deposits
Time deposits at or exceeding the FDIC insurance limit of $250,000 March 31, 2021 and December 31, 2020 were $300.9 million and $311.8 million, respectively.
The scheduled maturities of time deposits are as follows for the periods indicated:
Accrued interest payable on deposits was $2.4 million and $4.6 million at March 31, 2021 and December 31, 2020, respectively. Total deposits reclassified to loans due to overdrafts at March 31, 2021 and December 31, 2020 were $320,000 and $241,000, respectively.
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