DEPOSITS

Deposits are summarized as follows at December 31:



	2015		2014
Noninterest-bearing checking	$	66,676	$	53,743
Interest-bearing checking	34,098		29,585
Savings	30,126		21,560
Money market	159,605		152,611
Certificates of deposit less than $100,000⁽¹⁾	65,175		52,323
Certificates of deposit $100,000 to $250,000	91,317		74,008
Certificates of deposit $250,000 and over⁽²⁾	32,610		33,623
Escrow accounts related to mortgages serviced	5,571		2,991
Total	$	485,178	$	420,444

(1) Includes $27.9 million and $19.1 million of brokered deposits at December 31, 2015 and 2014, respectively.

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

Scheduled maturities of time deposits at December 31, 2015 for future years ending is as follows:



	At December 31, 2015
2016	$	85,127
2017	61,563
2018	34,388
2019	4,006
2020	4,018
Total	$	189,102

The Bank pledged two securities held at the FHLB of Des Moines with a fair value of $1.2 million to secure Washington State public deposits of $1.7 million with a $117,000 collateral requirement by the Washington Public Deposit Protection Commission at December 31, 2015.

Federal Reserve 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, 2015 and December 31, 2014 were $3.0 million and $1.9 million, respectively, and were in compliance with Federal Reserve regulations.

Interest expense by deposit category for the years ended December 31, 2015 and 2014 is as follows:



	2015		2014
Interest-bearing checking	$	25	$	28
Savings and money market	982		609
Certificates of deposit	2,222		1,797
Total	$	3,229	$	2,434

The Company had related party deposits of approximately $584,000 and $456,000 at December 31, 2015 and 2014, respectively, which includes deposits held for directors and executive officers.