DEPOSITS

Deposits are summarized as follows as of December 31:



	2014		2013
Noninterest-bearing checking	$	53,743	$	44,309
Interest-bearing checking	29,585		26,725
Savings	21,560		15,345
Money market	152,611		119,162
Certificates of deposits less than $100,000⁽¹⁾	52,323		46,237
Certificates of deposits $100,000 to $250,000	74,008		52,264
Certificates of deposits $250,000 and over⁽²⁾	33,623		31,360
Escrow accounts related to mortgages serviced	2,991		1,474
Total	$	420,444	$	336,876

(1) Includes $19.1 million and $16.9 million of brokered deposits as of December 31, 2014 and December 31, 2013, respectively.

(2) Time deposits that meet or exceed the FDIC insurance limit.

Scheduled maturities of time deposits for future years ending were as follows:



Year Ending
December 31,
2015	$	53,733
2016	59,336
2017	37,062
2018	5,514
2019	4,309
Thereafter	—
Total	$	159,954

NOTE 7 – DEPOSITS (continued)

The Bank pledged two securities held at the FHLB of Seattle with a fair value of $1.3 million to secure Washington State public deposits of $1.7 million, with a collateral requirement of $117,000 by the Washington Public Deposit Protection Commission at December 31, 2014.

FRB regulations require that the Bank maintain reserves in the form of cash on hand and deposit balances with the Federal Reserve Bank, based on a percentage of deposits. The amounts of such balances at December 31, 2014 and December 31, 2013 were $1.9 million and $1.6 million, respectively, and were in compliance with FRB regulations.

Interest expense by deposit category for the years ended December 31, 2014 and 2013 was as follows:



	2014		2013
Interest-bearing checking	$	28	$	34
Savings and money market	609		535
Certificates of deposit	1,797		1,409
Total	$	2,434	$	1,978

The Company had related-party deposits of approximately $456,000 and $428,000 at December 31, 2014 and 2013, respectively, which includes deposits held for directors and executive officers.