NOTE 6 - DEPOSITS

The components of the outstanding deposit balances at December 31, 2013 and 2012 were as follows:

	2013		2012
Non-interest-bearing DDA	$	33,313,136	$	40,271,190
Interest-bearing DDA		24,861,560		22,865,704
Money market		19,202,665		18,602,302
Savings		10,214,719		9,018,387
Certificate of deposit		84,347,785		93,418,910
	$	171,939,865	$	184,176,493

Time deposits of $100,000 or more were $9,995,133 at year-end 2013 and $10,002,735 at year-end 2012.

There were no brokered deposits at either December 31, 2013 or December 31, 2012. Since the Bank was not categorized as “well-capitalized” at December 31, 2013 and is under a Consent Order, a regulatory waiver is required to accept, renew or rollover brokered deposits. The Bank has not issued brokered deposits since January 2010.

Scheduled maturities of time deposits, as of December 31, 2013, were as follows:

2014	$	37,160,846
2015		31,894,144
2016		11,762,926
2017		3,019,839
2018		510,030
	$	84,347,785