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Deposits
12 Months Ended
Dec. 31, 2017
Deposits  
Deposits

Note 6 – Deposits

Deposits are summarized as follows:

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2016

 

2015

 

 

 

(In thousands)

 

NOW account and other demand deposits

 

$

10,743 

 

$

10,630 

 

Non-interest bearing demand deposits

 

 

20,040 

 

 

19,428 

 

Money market deposits

 

 

32,462 

 

 

25,788 

 

Passbook

 

 

37,836 

 

 

35,390 

 

Certificates of deposit

 

 

186,346 

 

 

181,378 

 

​  

​  

​  

​  

Total

 

$

287,427 

 

$

272,614 

 

​  

​  

​  

​  

​  

​  

​  

​  

Brokered deposits totaled $28.6 million at December 31, 2016, primarily from a deposit placement service called Certificate of Deposit Account Registry Service ("CDARS") that allows banks to place its customers' funds in FDIC-insured certificates of deposit at other banks and, at the same time, receive an equal sum of funds from the customers of other banks in the CDARS Network. There were no brokered deposits at December 31, 2015. Certificates of deposit of $250 thousand or more were $53.5 million and $66.5 million at year end 2016 and 2015.

Scheduled maturities of certificates of deposit for the next five years are as follows:

                                                                                                                                                                                    

Maturity

 

Amount

 

 

 

(In thousands)

 

2017

 

$

160,332 

 

2018

 

 

20,383 

 

2019

 

 

2,790 

 

2020

 

 

1,298 

 

2021

 

 

1,279 

 

Thereafter

 

 

264 

 

​  

​  

 

 

$

186,346 

 

​  

​  

​  

​  

Deposits from principal officers, directors, and their affiliates totaled $1.7 million and $1.8 million at December 31, 2016 and 2015, respectively.