Note 8 - Deposits

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE

8

– DEPOSITS

Deposits at year-end are summarized as follows:

	December 31, 201 7					December 31, 201 6					Percent Increase
	Balance		%			Balance		%			(Decrease)
Noninterest-bearing demand	$	866,380,000		34.3	%	$	810,600,000		34.1	%		6.9	%
Interest-bearing checking		387,758,000		15.4			377,929,000		15.9			2.6
Money market		427,119,000		16.9			272,051,000		11.5			57.0
Savings		327,530,000		13.0			344,988,000		14.5			(5.1	)
Time, under $100,000		152,294,000		6.0			146,169,000		6.2			4.2
Time, $100,000 and over		258,626,000		10.3			347,058,000		14.6			(25.5	)
Total local deposits		2,419,707,000		95.9			2,298,795,000		96.8			5.3
Out-of-area time, under $100,000		0		NM			0		NM			NM
Out-of-area time, $100,000 and over		102,658,000		4.1			76,190,000		3.2			34.7
Total out-of-area deposits		102,658,000		4.1			76,190,000		3.2			34.7
Total deposits	$	2,522,365,000		100.0	%	$	2,374,985,000		100.0	%		6.2	%

Out-of-area time deposits consist of deposits obtained from depositors outside of our primary market areas

exclusively through deposit brokers.

The following table depicts the maturity distribution for time deposits at

year-end:

	201 7		201 6
In one year or less	$	283,844,000	$	358,259,000
In one to two years		77,689,000		92,042,000
In two to three years		78,090,000		34,204,000
In three to four years		33,061,000		35,523,000
In four to five years		40,894,000		49,389,000
Total certificates of deposit	$	513,578,000	$	569,417,000

The following table depicts the maturity distribution for time deposits with balances of

$100,000

or more at year-end:

	201 7		201 6
Up to three months	$	50,258,000	$	101,444,000
Three months to six months		68,011,000		87,277,000
Six months to twelve months		96,951,000		79,656,000
Over twelve months		146,064,000		154,871,000
Total certificates of deposit	$	361,284,000	$	423,248,000

Total time deposits of more than

$250,000

totaled $

266

million and

$214

million at year-end

2017

and

2016,

respectively.