Note 8 - Deposits

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE

8

– DEPOSITS

Deposits at year-end are summarized as follows:

	December 31, 2018					December 31, 2017					Percent Increase
	Balance		%			Balance		%			(Decrease)
Noninterest-bearing demand	$	889,784,000		36.1	%	$	866,380,000		34.3	%		2.7	%
Interest-bearing checking		339,089,000		13.8			387,758,000		15.4			(12.6	)
Money market		434,333,000		17.6			427,119,000		16.9			1.7
Savings		317,014,000		12.9			327,530,000		13.0			(3.2	)
Time, under $100,000		160,092,000		6.5			152,294,000		6.0			5.1
Time, $100,000 and over		210,164,000		8.5			258,626,000		10.3			(18.7	)
Total local deposits		2,350,476,000		95.4			2,419,707,000		95.9			(2.9	)
Out-of-area time, under $100,000		0		NM			0		NM			NM
Out-of-area time, $100,000 and over		113,232,000		4.6			102,658,000		4.1			10.3
Total out-of-area deposits		113,232,000		4.6			102,658,000		4.1			10.3
Total deposits	$	2,463,708,000		100.0	%	$	2,522,365,000		100.0	%		(2.3	%)

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:

	2018		2017
In one year or less	$	204,253,000	$	283,844,000
In one to two years		167,484,000		77,689,000
In two to three years		58,671,000		78,090,000
In three to four years		36,690,000		33,061,000
In four to five years		16,390,000		40,894,000
Total certificates of deposit	$	483,488,000	$	513,578,000

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

$100,000

or more at year-end:

	2018		2017
Up to three months	$	34,367,000	$	50,258,000
Three months to six months		41,939,000		68,011,000
Six months to twelve months		57,137,000		96,951,000
Over twelve months		189,953,000		146,064,000
Total certificates of deposit	$	323,396,000	$	361,284,000

Total time deposits of more than

$250,000

totaled

$232

million and

$266

million at year-end

2018

and

2017,

respectively.