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Deposits (Tables)
12 Months Ended
Dec. 31, 2015
Deposits [Abstract]  
Summary of Outstanding Balance of Deposits and Average Rates

The following table summarizes the outstanding balance of deposits and average rates paid thereon at December 31:

 

 

  

2015

 

 

2014

 

(dollars in thousands)

  

Amount

 

  

Weighted
Average Rate

 

 

Amount

 

  

Weighted
Average Rate

 

Demand deposits:

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing

 

$

299,794

 

 

 

 

 

$

246,137

 

 

 

 

Interest-bearing

 

 

260,167

 

 

 

0.359

%

 

 

291,509

 

 

 

0.502

%

Money market and savings

 

 

492,015

 

 

 

0.531

%

 

 

171,958

 

 

 

0.626

%

Certificates of deposits

 

 

470,200

 

 

 

0.554

%

 

 

253,350

 

 

 

0.619

%

Total

 

$

1,522,176

 

 

 

0.404

%

 

$

962,954

 

 

 

0.427

%