Deposits
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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2014
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Banking and Thrift [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits | Deposits A stratification of time deposits at December 31, 2014 and 2013 is presented in the following table:
Interest on time deposits was $917 thousand, $922 thousand and $1.2 million in 2014, 2013 and 2012, respectively. Scheduled maturities of time deposits at December 31, 2014 are presented as follows:
As of December 31, 2014, $68.9 million in securities held-to-maturity and $4.9 million securities available-for-sale were pledged as collateral for our local agency deposits. The aggregate amount of deposit overdrafts that have been reclassified as loan balances was $380 thousand and $207 thousand at December 31, 2014 and 2013, respectively. Collectability of these overdrafts is subject to the same credit review process as other loans. The Bank accepts deposits from shareholders, directors and employees in the normal course of business, and the terms are comparable to those with non-affiliated parties. The total deposits from directors and their businesses, and executive officers were $8.8 million and $8.1 million at December 31, 2014 and 2013, respectively. |