Deposits

Deposits: At December 31, 2015, the scheduled maturities of certificates of deposit are as follows:



(In Thousands)
2016		$87,312
2017	39,535
2018	7,664
2019	987
2020	900
Thereafter	268
Total		$136,666

The Company is a member of the Certificate of Deposit Account Registry System (“CDARS”) which is a network of over 3,000 banks throughout the United States. The CDARS system was founded in 2003 and allows participating banks to exchange FDIC insurance coverage so that 100% of the balance of their customers’ certificates of deposit are fully subject to FDIC insurance. The system also allows for investment of banks’ own investment dollars in the form of domestic certificates of deposit. The Company had zero and $1 million in CDARS certificates of deposits at December 31, 2015 and 2014, respectively.

At December 31, 2015 and 2014, the Company did not hold any certificates of deposit from a public entity collateralized by letters of credit issued by the FHLB. At December 31, 2015 and 2014, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2015 and 2014, the Company held $3.4 million and $5.4 million, respectively, in deposits for related parties, including directors, executive officers, and their affiliates.

Interest expense: Interest expense on deposits is presented below:



(In Thousands)	2015		2014		2013
Interest-bearing demand accounts		$63		$59		$54
Money market accounts	404		388		338
Savings accounts	470		511		485
Certificates of deposit $100,000 and greater	754		292		236
Certificates of deposit less than $100,000	248		169		128
Total		$1,939		$1,419		$1,241