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Deposits
12 Months Ended
Dec. 31, 2017
Deposits  
Deposits

Note 7 – Deposits

Deposits are summarized as follows:

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2017

 

2016

 

 

 

(In thousands)

 

NOW account and other demand deposits

 

$

11,982

 

$

10,743

 

Non-interest bearing demand deposits

 

 

22,469

 

 

20,040

 

Money market deposits

 

 

68,019

 

 

32,462

 

Passbook

 

 

38,031

 

 

37,836

 

Certificates of deposit

 

 

150,789

 

 

186,346

 

​  

​  

​  

​  

Total

 

$

291,290

 

$

287,427

 

​  

​  

​  

​  

​  

​  

​  

​  

Brokered deposits totaled $52.8 million and $28.6 million at December 31, 2017 and 2016, respectively, and were 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. Certificates of deposit of $250 thousand or more were $16.7 million and $53.5 million at year end 2017 and 2016.

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

                                                                                                                                                                                    

Maturity

 

Amount

 

 

 

(In thousands)

 

2018

 

$

131,716

 

2019

 

 

14,059

 

2020

 

 

2,775

 

2021

 

 

1,502

 

2022

 

 

705

 

Thereafter

 

 

32

 

​  

​  

 

 

$

150,789

 

​  

​  

​  

​  

Deposits from principal officers, directors, and their affiliates totaled $1.6 million and $1.7 million at December 31, 2017 and 2016, respectively.