(5)

Deposits:

At December 31, 2018, the scheduled maturities of other time deposits were as follows:


Years Ending December 31,
2019	$	165,628
2020		67,500
2021		50,810
2022		9,177
2023		23,042

	$	316,157

The amount of other time deposits with a minimum denomination of $250,000 or more was approximately $104.5 million and $97.8 million at December 31, 2018, and December 31, 2017, respectively. At December 31, 2018 and December 31, 2017, directors, members of senior management and their affiliates had deposits in the Bank of approximately $1.6 million and $2.1 million, respectively. At December 31, 2018 and December 31, 2017, the Company had deposits classified as brokered deposits totaling $65.8 million and $60.1 million, respectively.

Interest expense on deposits for the years ended December 31, 2018, December 31, 2017 and December 31, 2016, is summarized as follows:


	2018		2017		2016
Interest bearing checking accounts	$	1,492	$	1,262		1,183
Money market accounts		73		71		76
Savings		133		94		95
Other time deposits		4,578		3,383		2,886

	$	6,276		4,810		4,240

The Bank maintains clearing arrangements for its demand, interest bearing checking accounts and money market accounts with BBVA Compass Bank. The Bank is required to maintain certain cash reserves in its account to cover average daily clearings. For the month ended December 31, 2018, average daily clearings were approximately $5.2 million.

At December 31, 2018 and December 31, 2017, the Company had deposit accounts in overdraft status that were reclassified to loans on the accompanying consolidated balance sheet of $208,000 and $217,000, respectively.