Note 7 – Deposits

Deposits are summarized as follows:


	December 31,
	2018		2017
	(In thousands)
NOW account and other demand deposits	$	10,307	$	11,982
Non-interest bearing demand deposits		22,877		22,469
Money market deposits		29,948		68,019
Passbook		45,718		38,031
Certificates of deposit		172,564		150,789
Total	$	281,414	$	291,290

The Bank accepts two types of deposits from a deposit placement service called the Certificate of Deposit Account Registry Service (“CDARS”). Reciprocal deposits are the Bank’s own retail deposits in amounts in excess of the insured limits. The CDARS program allows banks to place their 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. These deposits totaled $33.7 million and $9.5 million at December 31, 2018 and 2017, respectively and are not considered to be brokered deposits.

One-way deposits are also available using the CDARS program. With the one-way program, the Bank accepts deposits from CDARS even though there is no customer account involved. These deposits totaled $32.6 million and $43.3 million at December 31, 2018 and 2017, respectively.

Brokered deposits (non-CDARS) totaled $9.9 million at December 31, 2018. The Bank did not have any brokered deposits at December 31, 2017.

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


Maturity	Amount
	(In thousands)
2019	$	133,654
2020		34,819
2021		2,120
2022		1,712
2023		218
Thereafter		41
	$	172,564

Certificates of deposit of $250 thousand or more totaled $33.9 million and $16.7 million at December 31, 2018 and 2017, respectively.

Deposits from principal officers, directors, and their affiliates totaled $1.8 million and $1.6 million at December 31, 2018 and 2017, respectively.