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Deposits

12 Months Ended

Dec. 31, 2013

Deposit Liabilities Disclosures [Text Block]

(7) Deposits

The following table presents the maturities of certificates of deposit at December 31, 2013:

(Dollars in thousands)
Year	Amount
2014	$	122,891
2015		35,224
2016		12,419
2017		10,295
2018		5,320
Thereafter		46
Total	$	186,195

The components of interest expense associated with deposits are as follows:

(Dollars in thousands)	Years ended December 31,
	2013		2012		2011
Time deposits	$	1,172	$	1,807	$	2,341
Money market and NOW		188		313		371
Savings		17		29		48
Total	$	1,377	$	2,149	$	2,760

Regulations of the Federal Reserve require reserves to be maintained by all banking institutions according to the types and amounts of certain deposit liabilities. These requirements restrict a portion of the amounts shown as consolidated cash and due from banks from everyday usage in operation of the banks. As of December 31, 2013, the Bank did not have a minimum reserve requirement.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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